Indonesian Political, Business & Finance News

Archive: 10 May 2001

62 articles found

1 year for illegal turtle dealer

1 year for illegal turtle dealer DENPASAR, Bali: The Denpasar District Court sentenced on Wednesday a 46-year-old man to one year of imprisonment for illegally trading green turtles (Chelonia mydas).The court also fined Widji Zakaria, alias Wewe, Rp 3 million for the offense.

ASEAN, partners try to surveillance plan consensus

ASEAN, partners try to surveillance plan consensus HONOLULU, Hawaii (AFP): Senior southeast Asian finance and central bank officials labored into the night here Tuesday to forge a consensus on expanding a regional surveillance mechanism to serve as a tripwire against future financial crises.

IBRA offers stake in vinyl companies

IBRA offers stake in vinyl companies JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) initiated on Wednesday the tendering process for all of its shares in Sulfindo Adiusaha, which groups three vinyl companies pledged to the government by the Salim Group as part of its debt settlement...

More visitors for highland gathering's silver jubilee

More visitors for highland gathering's silver jubilee JAKARTA (JP): The capital will again witness the famous Scottish summer fiesta that is the Jakarta Highland Gathering, which is being held this weekend in the grounds of the Pelita Harapan School in Lippo Karawaci.

Court asked to dismiss bomb suspect charges

Court asked to dismiss bomb suspect charges JAKARTA (JP): Lawyers for bomb suspect Maria Elize Tuwahatu asked the East Jakarta District Court on Wednesday to reject prosecution charges as they were based on the testimony of psychic Agung Yulianto, alias Ki Joko Bodo, whom they labeled a liar.

Save our democracy

Save our democracy President Abdurrahman Wahid's threat to dissolve the House of Representatives is not without precedent in modern Indonesian history. Whenever Abdurrahman broached the subject, in private rather than in pubic, he referred to Decree No.

RI forex reserves rise

RI forex reserves rise JAKARTA (JP): Bank Indonesia said on Thursday that the country's gross foreign exchange reserves in the week ending on May 4 rose by US$144.1 million to $28.86 billion compared with $28.71 billion in the previous week.

Six generals deny role in student killings

Six generals deny role in student killings JAKARTA (JP): Six retired Army generals denied responsibility on Wednesday for the mystery surrounding the student killings at Trisakti University and the Semanggi cloverleaf in 1998.

Liberian national shot dead

Liberian national shot dead JAKARTA (JP): A Liberian national was shot dead in Pulo Mas in East Jakarta on Wednesday night, police said.Jakarta Police chief of detectives Sr. Comr. Adang Rochyana identified the victim as Steven Samuel.Samuel was first arrested at Hotel Pardede on Jl.

KL palm oil hit at close

KL palm oil hit at close KUALA LUMPUR (Reuters): Long liquidation hit Malaysian palm oil futures at the close on Wednesday after players lost hope of positive news emerging in the near term.Traders said India's Prime Minister Atal Behari Vajpayee was unlikely during his visit to Kuala Lumpur next...

Ministers to device leadership scheme

Ministers to device leadership scheme JAKARTA (JP): Minister of Defense Mahfud M.D. indicated on Wednesday that the Cabinet may suggest the revision of a presidential decree on power sharing, issued last year.

Vietnam and RI doubt coffee move

Vietnam and RI doubt coffee move HANOI (Reuters): Vietnam, the world's biggest producer of robusta coffee, raised doubts on Wednesday about the effectiveness of a proposal to cut exports of low-quality coffee by five percent in an effort to boost prices.

Malaysian opposition casts doubt over university figures

Malaysian opposition casts doubt over university figures KUALA LUMPUR (Agencies): Malaysian opposition leaders on Wednesday cast doubt over new figures for state university enrollment amid a controversy over whether bright students are missing out due to racial quotas.

Bogus reporter arrested at DPR

Bogus reporter arrested at DPR JAKARTA (JP): A man posing as a journalist at the House of Representatives was arrested by police and reporters posted at the House after he demanded money from two retired Indonesian Military (TNI) commanders.The man, identified as Sai, asked for donations from Gen.

Baby mix-up case to court finally

Baby mix-up case to court finally KUALA LUMPUR (Reuters): Two Malaysian women of different races and mistakenly switched at birth 31 years ago appeared in court on Wednesday seeking damages from the hospital where they were born.Wong Yoke Kwan, an ethnic Indian raised by Chinese parents, and K.

Compromise or impeachment?

Compromise or impeachment? The headline article in The Jakarta Post of May 3, 2001 cited the President's speech: "The government, in this case, the executive, the legislative and the judicial branches, each has its own business".

Four favorites fight to retain top places

Four favorites fight to retain top places JAKARTA (JP): The top four teams going into the eight-day third leg of the 2001 Nuvo Kobatama national basketball league starting here on Thursday will face stiff competition in their drive to stay atop the standings.

RP-N. Sulawesi sign shipping deal

RP-N. Sulawesi sign shipping deal MANADO, North Sulawesi: The Philippines' government and North Sulawesi's administration have signed an agreement on shipping channels and the joint production of traditional fishing ships, known as pamboat.

'Tugu Tani' a hero statue, not farmers statue: History book

'Tugu Tani' a hero statue, not farmers statue: History book JAKARTA (JP): The construction of the statue of a pair of farmers Tugu Tani which stands at the junction in Kwitang, Central Jakarta was related to Indonesia's claim of West Irian, not the communist movement in the country, a book reveals.

Malay tribal conference planned

Malay tribal conference planned PALEMBANG, South Sumatra: It is expected that Vice President Megawati Soekarnoputri will inaugurate the three-day working conference of Malay tribes starting here on May 20, an official said on Wednesday.

Carrefour's price slogan

Carrefour's price sloganFrom Kompas"If you get a lower price, we'll reimburse the difference" reads a slogan in a Carrefour shopping center, Jakarta.It's really great!; a slogan that convinces prospective customers and implies that all prices here are under control and lower than those of others.

G-15 summit set to clash with House plenary session

G-15 summit set to clash with House plenary session JAKARTA (JP): The government plans to intensively lobby the House of Representatives to avoid a scheduling clash between the House plenary session on the memorandum process and the planned summit of the G-15 which Indonesia is set to host on May...

Al Temyat gets award

Al Temyat gets award SINGAPORE (AFP): Saudi Arabian Nawaf Al Temyat, named Wednesday as the Asian footballer of the year, also led the way in an Asian Football Confederation All-Star team.Japan, the Asian Cup champions, dominated the squad with four players among the 17 chosen from 11 countries.

Man injured in aborted theft

Man injured in aborted theft JAKARTA (JP): Iskandar Zulkarnaen, 26, was shot in the leg by two armed men on Wednesday morning after he succeeded in stopping them from taking a neighbor's motorcycle.Iskandar, a resident of West Kembangan, Kebon Jeruk in West Jakarta, said he and his friends were...

Shul: Int'l experiment in installation and performance art

Shul: Int'l experiment in installation and performance artBy Jean Couteau DENPASAR, Bali (JP): A challenging art experiment took place in Bali (from April 6 to April 26 at Sika Gallery and April 9 to April 23 at Gallery Sembilan): Shul, an international art event by contemporary installation and...

Japan to invest more to Asia

Japan to invest more to Asia TOKYO (DPA): Japan's major trading firms said on Wednesday that they have been investing in other Asian countries more aggressively thanks to the recent strong trade within Asia and the rapid growth of information technology (IT) businesses there.

Aircraft-for-rice barter deal opposed

Aircraft-for-rice barter deal opposed JAKARTA (Antara): Minister of Agriculture Bungaran Saragih opposed on Wednesday a planned aircraft-for-rice-sugar-and- tapioca deal with Thailand."Rice, sugar and tapioca are agricultural products of small farmers.

Philippine navy nets Chinese boats

Philippine navy nets Chinese boats MANILA (AFP): A Philippine navy patrol engaged a Chinese fishing fleet in a high seas chase off the western island of Palawan and confiscated five small fishing boats, the military said on Wednesday.

Suriname poet too curious to visit Java

Suriname poet too curious to visit Java JAKARTA (JP): Unlike homecomings for many others, Surianto's first visit to this country was devoid of emotion."I am curious rather than emotional about being here," said the 63-year-old poet who was born of Javanese descent in a village in Suriname.

Mardiana Ika, a driving force behind Bali's fashion world

Mardiana Ika, a driving force behind Bali's fashion world KUTA, Bali (JP): One afternoon in late April in a tranquil cafe on a corner of the busy Kuta street, Mardiana Ika, or Ika, sipped her hot lemon tea and explained her next big project, the Second Bali International Fashion Week, currently...

Six more players cover up ages

Six more players cover up ages JAKARTA (JP): Six more players were found falsifying their ages so that they could join Bogasari U-15 league's second round, while three others were undergoing further medical checks to determine their original age, spokesman of the Soccer Association of Indonesia...

Army urges Gus Dur not to disband DPR

Army urges Gus Dur not to disband DPR JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto warned President Abdurrahman Wahid on Wednesday not to disband the House of Representatives, which over past months has been at loggerheads with the embattled President.

East Timor refugees must decide fate in June

East Timor refugees must decide fate in June JAKARTA (JP): A total of 112,243 East Timor refugees living in camps across East Nusa Tenggara will have to decide after June 6 whether or not they wish to remain in Indonesia or return to their homeland.

Leadership change 'not the answer to economic woes'

Leadership change 'not the answer to economic woes' JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli asserted on Wednesday that a change in national leadership was not the answer to the country's economic problems because such a change would not secure "minimum political stability.

Taufik queries Sudirman Cup simulation plan

Taufik queries Sudirman Cup simulation plan JAKARTA (JP): World number two Taufik Hidayat questioned on Wednesday the Badminton Association of Indonesia (PBSI)'s scheduling of a Sudirman Cup simulation on Friday, saying it was too close to the just-concluded Asia Cup.

Government plans 30% hike in fuel prices this year

Government plans 30% hike in fuel prices this year JAKARTA (JP): The government may be forced to raise fuel prices by an average 30 percent this year in a bid to help maintain the 2001 state budget deficit at a safe level, Coordinating Minister for the Economy Rizal Ramli said on Wednesday.

Telkom, Indosat shareholders meetings to go on

Telkom, Indosat shareholders meetings to go on JAKARTA (JP): Publicly listed telecommunications companies PT Telkom and PT Indosat will go ahead with their plans to hold shareholders meetings on Thursday despite the call from the House of Representatives to postpone the meetings.

New Chief Justice vows to clean up Supreme Court

New Chief Justice vows to clean up Supreme Court JAKARTA (JP): New Supreme Court Chief Justice Bagir Manan pledged on Wednesday to clean up the notoriously corrupt judiciary, promising to investigate bribery allegations that have been leveled against at least 50 justices and judges.

Sculptors join appeal to defend statue of farmers

Sculptors join appeal to defend statue of farmers JAKARTA (JP): Two noted sculptors urged people, including the Betawi people (native Jakartans), on Wednesday not to destroy the farmer's statue (Tugu Tani) because of its artistic and diplomatic value.

Refugees welcome back in E. Timor

Refugees welcome back in E. Timor I write in response to the article in your newspaper entitled More E. Timorese return to RI over fears of violence on April 30, 2001. Your report cites "data from the local administration of Belu district" to claim that 168,816 East Timorese have entered East Nusa...

Rubber association predicts 5% growth in production

Rubber association predicts 5% growth in production JAKARTA (JP): The Association of Indonesian Rubber Producers (Gapkindo) predicts the country's rubber production will grow by 5 percent this year to 1.83 million tons from 1.75 million tons last year thanks to the harvest of new trees.

Buari wins JJGF Open Golf Championship pro-am opener

Buari wins JJGF Open Golf Championship pro-am opener JAKARTA (JP): The first JJGF Open Golf Championship winner, Buari, made a good start for the fifth tournament by winning the pro-am opener, stroking four-under-par 68 at the Jagorawi new course on Wednesday.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting by Seniwati Sanggar Muda, Seniwati Gallery of Art by Women, Jl. Sriwedari 2b, Banjar Taman, Ubud (Phone: 0361 975485), 10 a.m. to 5 p.m., until May 30. * Indonesian 'Kain Ikat' from many places around the country at any ages, at Gaya Gallery (Gaya Fusion...

Ja'far demands deployment of militias in Ambon

Ja'far demands deployment of militias in Ambon JAKARTA (JP): Members of Laskar Jihad Ahlus Sunnah Wal Jamma'ah said on Wednesday that their detained commander, Ja'far Umar Thalib, had instructed the deployment of 100 reinforcements from the Muslim militia group to the Maluku capital of Ambon.

Gus Dur clarifies role in scandals

Gus Dur clarifies role in scandals JAKARTA (JP): State prosecutors have questioned President Abdurrahman "Gus Dur" Wahid about two financial scandals, Attorney General's Office spokesman Muljohardjo said on Wednesday.

Indonesia turns down offer to host WBC event

Indonesia turns down offer to host WBC event JAKARTA (JP): Indonesia has turned down an offer to host the World Boxing Council (WBC) convention slated to take place in November, saying it would be inappropriate to do so during the fasting month of Ramadhan.

Pertamina may acquire greater stake in Cepu

Pertamina may acquire greater stake in Cepu JAKARTA (JP): American-based oil and gas company ExxonMobil Oil Indonesia Inc. may sell more than 10 percent of its stake in Cepu's giant oil block in East and Central Java to state oil and gas company Pertamina, according to an executive at the state...

South Korea ready to fight EU over shipping subsidies

South Korea ready to fight EU over shipping subsidies SEOUL (AFP): South Korea is ready to cross swords with the European Commission if it takes World Trade Organization action against alleged shipbuilding subsidies, officials said Wednesday.

Indonesian politics: The unending soap opera

Indonesian politics: The unending soap operaBy Sidhesh Kaul JAKARTA (JP): Megawati Soekarnoputri needs to wake up. This brother-sister farce has gone on for too long. Her political influenza, stoic silence and discussions on the daily menu at her breakfast meetings with President Abdurrahman Wahid,...

Rupiah rate May 9

Rupiah rate May 9 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,445.00 11,445.00 10,890.00 11,000.00Australian dollar 1 5,426.18 5,951.40 5,657.36 5,720.00Austrian schilling 1 670.71 735.34 699.29 706.75Belgian franc 1 228.79 250.83 238.53 241.

Anwar expects early return to jail

Anwar expects early return to jail KUALA LUMPUR (Reuters): Malaysia's former finance minister Anwar Ibrahim expects to be sent back to jail from hospital this week after refusing spinal surgery on terms set by the government, his lawyer said on Wednesday.

Offer to study in Malaysia

Offer to study in MalaysiaFrom Media IndonesiaWe would like to inform all alumni of the Bogor Institute of Agriculture (IPB), particularly fresh graduates, to be cautious of offers to undertake a comparative study in Malaysia.

Reebok provides training for aerobics instructors

Reebok provides training for aerobics instructors JAKARTA (JP): Sports equipment manufacturer Reebok once again demonstrated its commitment to developing the fitness industry in Indonesia by providing equipment and training for fitness instructors.

'Kyais' leave Gus Dur's fate in God's hands

'Kyais' leave Gus Dur's fate in God's hands SURABAYA (JP): Religious leaders from the Nahdlatul Ulama (NU) remained aloof on Wednesday regarding their support of President Abdurrahman Wahid, saying that the fate of their former chairman should be left in God's hands.

Timah books lower profit

Timah books lower profit JAKARTA (JP): Publicly listed tin mining company PT Timah reported a net profit of Rp 116.4 billion (about US$10.5 million at the current rate) in the first quarter, this year.The company said that the net profit during the January-March period represented a drop of 12...

Gus Dur plans to sue media for spreading lies

Gus Dur plans to sue media for spreading lies JAKARTA (JP): The government is so concerned about the credibility of press coverage of beleaguered President Abdurrahman "Gus Dur" Wahid that it plans to take legal action against media organizations that spread lies, a presidential lawyer said on...

FSPC approves IBRA deal with Tirtamas

FSPC approves IBRA deal with Tirtamas JAKARTA (JP): The Financial Sector Policy Committee (FSPC) announced that it had approved the debt restructuring plan of PT Tirtamas Majutama and its subsidiaries.FSPC said here on Wednesday that under the plan, the Indonesian Bank Restructuring Agency (IBRA)...

Dili seen gaining 85% of Timor Gap oil

Dili seen gaining 85% of Timor Gap oil SYDNEY (AFP): East Timor is likely to receive around 85 percent of the rich oil and gas reserves in the Timor Sea following a breakthrough in talks with Australia on a new treaty, government sources said Wednesday.

Asian currencies mostly down, S'pore dollar at mercy of M&A

Asian currencies mostly down, S'pore dollar at mercy of M&A SINGAPORE (Dow Jones): Most Asian currencies drifted slightly lower late Wednesday, but remained hemmed in within narrow ranges, as they mirrored the yen's movements, dealers said.

Rupiah's fall: Who's responsible?

Rupiah's fall: Who's responsible?By Ross H. McLeod CANBERRA (JP): President Abdurrahman Wahid is blamed by many for Indonesia's deteriorating economic performance, which is already significantly worse than was expected when the current budget was formulated.

Indonesia has special strategy to fight China

Indonesia has special strategy to fight China JAKARTA (JP): Indonesian soccer coach Benny Dolo said he had developed a special strategy for his team's match against China in the 2002 World Cup Asia Zone Group Nine qualifier in Kunming, China, on Sunday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 9, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,350 -125 1,810,000 Adindo Foresta 100 -5 163,500 AGIS 145 5 1,754,500 Alakasa 90 0 0 Alfa Retailindo...