Indonesian Political, Business & Finance News

Archive: 2 May 2001

64 articles found

Indonesia wants INCO to set coffee quotas

Indonesia wants INCO to set coffee quotas JAKARTA (JP): Indonesia will ask the Association of Coffee Producing Countries (ACPC) to impose production quotas on global coffee output to prop up falling coffee prices, an executive of the Association of Indonesian Coffee Exporters (AEKI) said on Tuesday. "If coffee producing countries under ACPC agree on this (quota), we hope to see prices go up again," AEKI vice chairman Nuril Hakim was quoted as saying by Antara.

IBRA denies Bank Universal, BCA merger rumor

IBRA denies Bank Universal, BCA merger rumor JAKARTA (JP): Indonesian Bank Restructuring Agency (IBRA) Chairman Edwin Gerungan denied on Tuesday rumors that the agency would merge Bank Universal with Bank Central Asia (BCA). Edwin said that merging the two publicly-listed banks was unviable as the agency planned to sell its majority stake in BCA in the near future. "It is impossible to merge (Bank Universal) with BCA," he said following a meeting with senior economic ministers.

Thailand-Myanmar row flares

Thailand-Myanmar row flares YANGON (Agencies): A bitter row between Thailand and Myanmar over the drugs trade along their border flared again on Tuesday, marring the start of Thai Foreign Minister Surakiart Sathirathai's first official visit to Yangon. Three hilltribe villagers from Thailand were killed and five injured when pro-Myanmar ethnic Karen guerrillas clashed with Thai security forces at the border of the two countries early Tuesday, Thai army and villagers said.

Indian spice spoiled during a soggy supper

Indian spice spoiled during a soggy supper JAKARTA (JP): What a difference a day makes, and even more so a couple of years. Yes, it had already been a couple of years since I had the privilege of attending the opening night of the Copper Chimney restaurant at Jl. Antara No. 5, Pasar Baru. To say a privilege is no mere idle chitchat as at that time the Copper Chimney had all the appearances of becoming one of the best North Indian restaurants in Jakarta.

PT Palyja responds

PT Palyja responds Referring to the letter from Ms. Yoshi Nuhayati of Taman Palem Lestari Blok AG No.11 (The Jakarta Post, April 10, 2001, No tap water) we would like to give the following clarification. Currently, we have an ongoing pipeline networking project in Daan Mogot to improve the flow of water in this area and expect to complete it by July 2001. We apologize for the inconvenience occurring during the work.

Local airlines may soon raise domestic fares

Local airlines may soon raise domestic fares JAKARTA (JP): The price of domestic airline tickets may soon increase following the Indonesian National Air Carriers Association (INACA)'s recent decision to raise the exchange rate of their U.S. dollar-based fares. INACA chairman Wahyu Hidayat said on Tuesday that the association had decided to increase the exchange rate band to between Rp 5,000 and Rp 9,000 per U.S. dollar, from the previous range of Rp 4,000 to Rp 7,500.

City still allocates Rp 1b for Korpri

City still allocates Rp 1b for Korpri JAKARTA (JP): The city budget for the 2001 fiscal year allocates Rp 1 billion as a donation to the city chapter of the Indonesian Civil Servants Association (Korpri), despite allegations that the organization's executives have misappropriated Rp 4.3 billion (US$390,909), a former official said on Tuesday.

Indonesian workers mark Labor Day with rallies

Indonesian workers mark Labor Day with rallies JAKARTA (JP): Indonesian workers took the opportunity of Labor Day on Tuesday to hold rallies and voice their demand for better pay and working conditions. Organized by newly empowered labor unions, thousands of workers staged rallies in major cities across the country. Most of these rallies were peaceful, though several people were injured in the West Java capital of Bandung when hundreds of workers clashed with police.

S&P lowers APP unit rating

S&P lowers APP unit rating JAKARTA (AFP): Standard and Poor's placed a default rating Tuesday on US$500 million in convertable bonds issued by a financing unit of pulp and paper group Asia Pulp and Paper after the company failed to make an interest payment. The downgrade of the bonds issued by Asia Pulp and Paper Finance Mauritius Ltd. to D from CC was prompted by the company's failure to make a payment of $8.8 million due on April 30.

Aceh truck drivers strike over extortion

Aceh truck drivers strike over extortion JAKARTA (JP): Truck drivers in Banda Aceh, who daily transport goods and staple foods to and from the North Sumatra capital of Medan, said on Tuesday they would remain on strike. The strike has caused an increase in the price of vegetables and other goods in Aceh. After Takengon in Central Aceh, Medan is the main supplier of many of the daily needs for people in the province.

Disturbed elephants run amok

Disturbed elephants run amok BENGKULU, Bengkulu: Disturbed by the activities of illegal logging and squatters in their zone, elephants reared by the Seblat elephant training center in Bengkulu province ran amok in Pondok Suguh district and damaged a 20 hectare plantation, Antara reported on Tuesday. Chief of the local natural resources conservation body Suyatno said the damage was caused by people living near the training center as they cultivated land and cut trees in the elephants' habitat.

HSBC-BII sign credit card agreement

HSBC-BII sign credit card agreement JAKARTA (JP): Hong Kong and Shanghai Banking Corporation (HSBC) credit card holders in Indonesia can now pay their bills through Bank Internasional Indonesia's (BII) Automatic Teller Machine under an agreement signed here on Tuesday. The agreement was signed by HSBC Indonesia Chief Executive Officer Brian G. Fredrick and BII President Hiroshi Tadano.

Local cellular operators unite to boost SMS services

Local cellular operators unite to boost SMS services JAKARTA (JP): Three local global system for mobile communications (GSM) cellular phone operators will unite to give customers open access to short message services (SMS) within the next few months, a senior company executive says. PT Excelcomindo Pratama's general manager for engineering, M.

BI says political stability a must for economic reform

BI says political stability a must for economic reform WASHINGTON (Reuters): Improving Indonesia's fragile political stability is the key to restoring the credibility of the country's stalled economic reform program, the deputy governor of Indonesia's central bank said on Monday. "If the political situation improves then maybe we can give monetary policy a chance to work," Achjar IRAs, deputy governor of Bank Indonesia told Reuters in an interview.

Akbar is 33 times richer than Amien

Akbar is 33 times richer than Amien JAKARTA (JP): A list of the declared wealth of 77 officials and legislators issued by the State Officials' Wealth Audit Commission (KPKPN) here on Tuesday revealed House of Representatives speaker Akbar Tandjung to be 33 times richer than People's Consultative Assembly speaker Amien Rais. Amien claims to only possess total assets worth Rp 1 billion (US$90,000).

National Dance Sport C'ships set for July

National Dance Sport C'ships set for July JAKARTA (JP): The Indonesian Dance Sport Championships will be staged for the first time in the country on July 14 at the Senayan Assembly Hall.

161 hoodlums arrested during operation

161 hoodlums arrested during operation JAKARTA (JP): The authorities announced that they had arrested 161 thugs -- 11 of them shot -- across the city's five mayoralties since Governor Sutiyoso declared war against hoodlums last month, an official said on Tuesday. "The hoodlums are now under police detention and would be sent to court," City Spokesman Muhayat told reporters at City Hall.

Rupiah rebounds as tension eases

Rupiah rebounds as tension eases JAKARTA (JP): A peaceful Jakarta on the second day of the climax of the political fight between President Abdurrahman Wahid and legislators lent strength to the ailing rupiah. Forex dealers said that the rupiah reached an intraday high of Rp 10,750 against the U.S. dollar as political tensions and worries over possible riots cooled down.

Appeal to Muslims

Appeal to Muslims From Media Indonesia Having regard to the current critical situation in the country, which is becoming increasingly critical particularly concerning the Muslim community in Indonesia, we appeal to the ulemas, political party leaders and the leaders of Islamic mass organizations to adopt clear thinking in order to find prudent solutions to all of the nation's problems. In this context we would like to make the following suggestions: 1.

RI soccer squad full of optimism despite injuries

RI soccer squad full of optimism despite injuries JAKARTA (JP): Undefeated in the 2002 World Cup Group Nine qualifying round, Indonesia will enter Sunday's away match with Maldives in Male optimistic of continued success. Team manager Irawadi D. Hanafi said on Tuesday he was optimistic his squad would outshine Maldives in their second encounter despite a number of injuries sustained during last week's match against Cambodia. "We must maintain our optimism.

IMF's rebuff a warning to Indonesian govt

IMF's rebuff a warning to Indonesian govt SINGAPORE: Support for the Indonesian government has reached a new low, as demonstrated by the International Monetary Fund's (IMF) decision to delay disbursement from its US$5-billion (S$9- billion) loan program, pending economic reforms. It refused to release a US$400 million loan tranche until the Indonesian parliament approves revisions to the government's Budget.

Utut fails to enter World C'ship

Utut fails to enter World C'ship JAKARTA (JP): Indonesia's best Grand Master (GM) Utut Adianto failed to fulfill his ambition of competing in the 2001 World Championship after losing to GM Dao Thin Hai of Vietnam in the play-off late Monday. Both Utut and Dao had earned 6.5 Victory Points (VPs) in the 32 a Asian Zonal Championship in Manila before Dao won the playo- ff 1.5-0.5 VPs to earn the championship's ticket.

Court to continue with JSX bombing trial

Court to continue with JSX bombing trial JAKARTA (JP): The South Jakarta District Court decided on Tuesday to proceed with the trial of last year's bombing of the Jakarta Stock Exchange (JSX) building despite demands from the defendants to drop charges. The panel of judges, led by Rusman Dani Achmad, said the trial of Tengku Ismuhadi Jafar, 30, and Nuryadin, 29, should continue as the indictment is already clear.

Is it ready to be touted as a single tourist destination?

Is it ready to be touted as a single tourist destination? SUNGAILIAT, Bangka-Belitung (JP): Has the proclamation of Bangka as one of the country's tourist destinations in the early 1990s met its expectations? Yes, but its growth is not as good as was predicted. An increasing number of holiday revelers, including foreigners, in search of pristine and natural beauty, did flock to Bangka when the island opened itself to tourists with the development of Parai Beach Resort.

Yen gets boost from equity mart

Yen gets boost from equity mart SINGAPORE (Reuters): Gains in Japanese shares helped boost the yen against the dollar and the euro and were the highlight in Asian markets on Tuesday, as most countries were shut for a public holiday. Aside from Japan, only Australia, New Zealand and Indonesia were open. With most of Europe also closed for May Day, investors were looking ahead to U.S. trading and the release of the April National Association of Purchasing Management (NAPM) index. Key in the U.S.

It's not only about tin and pepper

It's not only about tin and pepper By Hyginus Hardoyo Indonesia has declared the two tiny but resource-rich islands of Bangka and Belitung as its 31st province. The government, which officially launched the new province on Feb. 9, 2001, has assigned a provisional governor to set up a provincial infrastructure within six months to be followed by the election of a permanent governor.

Renown art works to be auctioned

Renown art works to be auctioned JAKARTA (JP): Paintings, sculptures and other art works by local renowned artists such as Affandi, Basuki Abdullah, Srihadi Soedarsono, Djoko Pekik, AD Pirous, Made Sukadana, Le Mayeur, and others are currently on display at Hotel Mulia Senayan. These art works will be auctioned for the public on Thursday, May 3, to raise funds for the development of two drug rehabilitation centers, one in Sukabumi, West Java and the other in Slipi, Central Jakarta.

Abdurrahman deserves censure, says his brother

Abdurrahman deserves censure, says his brother JAKARTA (JP): President Abdurrahman Wahid's brother Salahuddin Wahid remarked here on Tuesday that his sibling deserved the censure against him, hoping it would galvanize Abdurrahman's performance and compel him to cooperate with other political parties. Salahuddin told The Jakarta Post that his brother needed to be warned about many of the things he had done, but such a warning should not be geared towards toppling him from the presidency.

Sampit refugees in Madura, a ticking time bomb

Sampit refugees in Madura, a ticking time bomb By Santi W.E. Soekanto SAMPANG, East Java (JP): Locals of Bunten Barat village in Ketapang district, Madura Island, are struggling to suppress the growing strain of accommodating thousands of fellow Madurese from conflict-torn Central Kalimantan.

ExxonMobil not yet ready to resume Aceh operations

ExxonMobil not yet ready to resume Aceh operations JAKARTA (Antara): ExxonMobil Oil Indonesia will need at least one month to resume its operations in Aceh in order to conduct technical tests in the field, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said here on Tuesday. "To resume its operations, ExxonMobil would require a month (of preparation)," Purnomo said.

RI shuttlers look past Asia Cup to World C'ships

RI shuttlers look past Asia Cup to World C'ships JAKARTA (JP): Defending champion Indonesia will face host Singapore on Wednesday in their first match of the US$170,000 Asia Cup at the Singapore Indoor Stadium. But both Hendrawan and Taufik Hidayat said they viewed the event mainly as a warm-up for the Sudirman Cup and World Championships in Seville, Spain, from May 28 to June 10. "Everything is fine, it's all up to my performance on the court.

Legislators warn of politicking over antigraft bill

Legislators warn of politicking over antigraft bill JAKARTA (JP): Legislators warned on Tuesday against possible politicking by the remaining supporters of the corrupt New Order regime in deliberations on the revised anticorruption bill that was submitted to the House of Representatives on the previous day.

Telkom employees stage protest

Telkom employees stage protest YOGYAKARTA: Over 500 employees of the Regional Division Office (Divre) IV of state telecommunications company PT Telkom staged a rally at their office on Tuesday, protesting the company's takeover by PT Indosat. Hitherto, the division office oversaw the company's operations in Yogyakarta and Central Java provinces. The protesters, grouped under the Telkom Workers Union (Sekar Telkom), demanded the annulment of the sale.

Govt looks to boost tax revenue with higher cigarette prices

Govt looks to boost tax revenue with higher cigarette prices JAKARTA (JP): The cash-strapped government plans to once again raise the minimum retail cigarette price in a bid to gain higher excise tax revenues this year, Director General for Customs and Excise Permana Agung said on Tuesday. Permana said that he would meet with domestic cigarette associations to discuss the new plan soon.

Do workers turn away investment?

Do workers turn away investment? By Vedi R. Hadiz SINGAPORE (JP): Like most Indonesians, industrial workers have expected that reforms instigated after the fall of Soeharto would be beneficial to all areas of life. But also like most Indonesians, these workers have become disappointed at the way the process of reform has proceeded up to this point. Clearly, the miserable living standards and working conditions that workers have had to endure have not changed at all.

Not all E. Timor rights cases to be sent to court

Not all E. Timor rights cases to be sent to court JAKARTA (JP): In compliance with a presidential decree on the establishment of an East Timorese human rights tribunal, some suspected rights abusers will not be brought before the tribunal. Attorney General's Office spokesman Muljohardjo said Article 2 of Presidential Decree No. 53/2001 stipulated that the tribunal would hear only those cases that took place following the East Timorese direct ballot on Aug. 30, 1999.

Candy makers to boost sales

Candy makers to boost sales TOKYO (Nikkei): Three major candy makers are stepping up their overseas marketing efforts, in light of the poor growth prospects in the domestic market, the Nihon Keizai Shimbun reported in its Tuesday morning edition. Meiji Seika Kaisha Ltd. has set up a joint venture in Jakarta with Petra Foods Pte. Ltd., a major Singaporean candy maker, to produce chocolates and candies from around October, the business daily reported.

Chess tourney to break world record

Chess tourney to break world record JAKARTA (JP): The Bhakti Olahraga Indonesia Foundation (YBOI) plans to break a world record by organizing the largest number of participants to play in a chess tournament, scheduled to be held on Aug. 17 to commemorate Indonesian Independence Day. "We expect at least 1,000 players to participate in the tournament in our effort to break the record," foundation chairman Singgih Yehezkiel was quoted as saying by Antara news agency on Tuesday.

Mahathir calls Anwar a liar

Mahathir calls Anwar a liar KUALA LUMPUR (AP): Prime Minister Mahathir Mohamad accused his jailed former protege on Tuesday of concocting "lies" in an effort to go overseas for medical treatment for a back injury. Mahathir has repeated his position that local doctors have the expertise to treat Anwar Ibrahim's slipped disc and that he will not be allowed to go to a clinic in Germany to receive special endoscopic surgery.

Pepper farmers laughing their way to the bank

Pepper farmers laughing their way to the bank TOBOALI, Bangka-Belitung (JP): Pepper farmers here and clove farmers in Tondano, North Sulawesi share something in common. They have both enjoyed a "golden age". The clove farmers became rampantly consumptive after their very profitable harvest in the early 1980s. The pepper farmers here did the same after their windfall in 1998.

PPA issue: Grumbles versus concerns

PPA issue: Grumbles versus concerns By Emmy Fitri JAKARTA (JP): Pharmaceutical industries grumble and suspect "business competition" is the motivation behind the new regulation reducing the content of phenylpropanolamine (PPA) in cough and flu medicines. The Food and Drug Control Agency (BPOM) issued on Dec.8 a regulation requiring the amount of the substance be no more than 15 milligrams per dosage, to be effective as from April 8.

House awaits Gus Dur's response

House awaits Gus Dur's response JAKARTA (JP): A day after the House of Representatives passed a second motion to censure President Abdurrahman Wahid, leaders of major political parties sent mixed signals on whether they would proceed with a special session and impeachment hearings. The Indonesian Democratic Party of Struggle (PDI Perjuangan), the largest faction in the House, indicated that it would wait for about two weeks before taking a clearer stance on the issue.

Late paper

Late paper Due to technical problems, The Jakarta Post arrived late to subscribers in West Java on Tuesday. We apologize for the inconvenience. -- Publisher

Pertina undecided on boxing team

Pertina undecided on boxing team JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) is still undecided about which boxers to select for its sole overseas tryout at the Arafura Games this month in Darwin, Australia, as the National Sports Council (KONI) has yet to advise the association about the budget for the event. "Pertina is still waiting for KONI's confirmation on boxers expenses for the May 19 to May 26 event.

Police bust Kadera attack suspect

Police bust Kadera attack suspect JAKARTA (JP): City Police arrested on Tuesday Amrin, a suspect behind the bloody attack against workers protesting at his car upholstery producing company PT Kadera AR Indonesia (KAI). City Police chief of detectives Sr. Comr. Adang Rochana identified the suspect as Amrin Gobel, deputy general manager of PT Kadera.

Women and children

Women and children From Media Indonesia The multidimensional crisis coupled with the conflicts prevailing among the political elite and the seemingly unsuccessful effort for reconciliation among the power holders have apparently caused prolonged suffering to the people, and in this context, it is women and children who suffer the most. In the midst of such a chaotic situation, two different views have come to the forefront.

Water supplies in some areas disrupted

Water supplies in some areas disrupted JAKARTA (JP): Joint venture tap water firm PT PAM Lyonaise Jaya (Palyja) is installing tap water pipes in Tebet area, South Jakarta, and Pejompongan, Central Jakarta, that may disrupt water supplies to customers in those areas. The company said in a statement on Tuesday that it was working on water pipe connections at the junction of Jl. Dr. Saharjo and Jl. Casablanca on Tuesday night, starting at 8 p.m.

Bankers, lawyer banned from traveling

Bankers, lawyer banned from traveling JAKARTA (JP): Seven bankers and a lawyer, implicated in the misuse of Bank Indonesia liquidity funds, have been banned by the Attorney General's Office from traveling overseas for one year starting April 30. The Attorney General's Office spokesman, Muljohardjo, announced on Tuesday that his office imposed the travel ban on the bankers and lawyer to facilitate a smooth investigation against them.

Where to go in Surabaya

Where to go in Surabaya Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - Lobby: Gamelan (Traditional Music), 7 p.m. to 10 p.m. (Except Saturday), Solo Pianist, Monday to Friday and Sunday, 7 a.m. to 9 a.m., Saturday, 7 p.m. to 9 p.m. - Cascades Poolside Restaurant: Batak stroll, Thursday to Saturday, 7 p.m. to 10 p.m. Western Australian fine food and wine festival during Surabaya Food Festival.

Rupiah rate May 1

Rupiah rate May 1 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Crack down launched against illegal mining

Crack down launched against illegal mining BANJARMASIN, South Kalimantan: The provincial administration of South Kalimantan is set to crack down against mushrooming illegal coal mining activities in the province by tightening controls on local seaports, an official said. Head of the administration's coal control office Armain Janit said the governor had instructed port authorities to check any ship which loads coal, starting from May 1.

Onus on ASEAN to perk up on trade, investment

Onus on ASEAN to perk up on trade, investment By Alan Wheatley TOKYO (Reuters): With the Americas eying a huge free trade zone and China exerting a magnetic attraction for foreign firms, worries are growing that Southeast Asia will end up as the wallflower at the global trade and investment dance.

Pickpocket mobbed during rally

Pickpocket mobbed during rally JAKARTA (JP): Police on duty at the House of Representatives compound arrested on Monday a man for allegedly stealing the wallet of an Abdurrahman Wahid's supporter who was joining a rally in support of the embattled President. The suspect, who was identified as Selamet, 31, was badly beaten when the police took him from a group of Abdurrahman's supporters, Antara reported.

Three killed in Narogong accident

Three killed in Narogong accident BOGOR (JP): Three people riding a vespa motor scooter were killed instantly when it collided head-on with a public minivan on Jl. Raya Narogong, Cileungsi, Bogor regency on Monday night. The three victims were identified as Victor Damanik, 17, Sutikno, 20, and Zainuddin, alias Sihombing, 21 -- all workers at a local motorcycle service station.

B'ball all-star game in Surabaya

B'ball all-star game in Surabaya JAKARTA (JP): The Indonesian Basketball Association (Perbasi) will hold the 2001 Nuvo Kobatama All-Star Game at the Kertajaya basketball hall in Surabaya on Sunday. The Perbasi official in charge of the national basketball league, Doeddie Gambiro, said on Tuesday the game would feature 20 players from 10 teams. All of the players were selected by fans during the last two league rounds in Malang, East Java, and Surakarta, Central Java.

Fourteen youngsters banned from league

Fourteen youngsters banned from league JAKARTA (JP): At least 14 players were banned from participating in the Bogasari Under-15 soccer league after falsifying their ages. Another player from Lampung is still trying to confirm his age, with his original birth certificate being brought here by his parents.

Aurora committed to Indonesian mine

Aurora committed to Indonesian mine CANBERRA (Dow Jones): Australian-based gold miner Aurora Gold Ltd. is committed to its Mount Muro project in central Kalimantan, Indonesia, but still wants to sell its suspended Toka Tindung operation in northern Sulawesi, Chief Executive Alan Scott said Tuesday. Indeed, Aurora, which is 35 percent-owned by global mining giant Rio Tinto PLC, is evaluating and clarifying details of offers for Toka Tindung, he said.

Former top forestry official arrested

Former top forestry official arrested JAKARTA (JP): City Police arrested former secretary-general of the forestry ministry Soeripto on Tuesday for allegedly leaking state secrets. Soeripto, dismissed by President Abdurrahman Wahid last month for reportedly holding a meeting to plot his downfall, was picked up by police mobile detectives (Resmob) at his residence in Cipete Selatan, South Jakarta, at 4 p.m.

Man dies under uprooted tree

Man dies under uprooted tree JAKARTA (JP): A becak (pedicab) driver who took shelter under a big tree during Monday's heavy rain was tragically killed as it suddenly collapsed and hit him. Another man broke his arm. The victims were taking shelter under the 20-meter high kapok tree with a diameter of 80 centimeters on Jl. Tanah Tinggi IV, Johar Baru district in Central Jakarta.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on May 1, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,175 200 712,000 Adindo Foresta 95 5 76,000 AGIS 145 0 16,160,500 Alakasa 90 0 0 Alfa Retailindo 1,175 25 148,000 Alter Abadi 75 5 83,000 Alumindo Light 550 0 4,500 Andhi Chandra 1,525 -100 2,500 Aneka Kimia Raya 130 -10 30,000 Aneka Tambang 775 25 2,670,000 Apac Citra 280 0 0 Aqua Golden...

Timber companies upset over local fee payment

Timber companies upset over local fee payment JAKARTA (JP): Timber companies have to pay a number of fees to local government following the implementation of regional autonomy in January this year, an executive of a forestry-based company said here on Tuesday. Sumardi, the president of PT International Timber Corporation Indonesia Kartika Utama (ITCI), said the additional levies imposed by the local government had caused financial difficulties to timber companies.

Muddling through uncertainty

Muddling through uncertainty The big question arising, now that the political uncertainty has escalated to the probability of a change in government, is how the economy will muddle through the transition period. How the government of President Abdurrahman Wahid, further demoralized by the second memorandum of censure from the House of Representatives, will be able to manage the economy amid the sharply eroded market confidence.

Know your enemy

Know your enemy From Pikiran Rakyat Resolving problems of the state and nation by way of jihad( holy war) is far from being a satisfactory solution as it is highly likely that it would trigger unrest. The most important point is that we, Indonesians, must clearly proclaim the mission and vision of our struggle and determine who our real enemies are. I am of the opinion that our enemies are not our fellow countrymen, whether Muslims, Christians, the Golkar Party or any of our ethnic groups.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on May 1, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,175 200 712,000 Adindo Foresta 95 5 76,000 AGIS 145 0 16,160,500 Alakasa 90 0 0 Alfa Retailindo 1,175 25 148,000 Alter Abadi 75 5 83,000 Alumindo Light 550 0 4,500 Andhi Chandra 1,525 -100 2,500 Aneka Kimia Raya 130 -10 30,000 Aneka Tambang 775 25 2,670,000 Apac Citra 280 0 0 Aqua Golden...