Indonesian Political, Business & Finance News

Archive: 22 May 2001

58 articles found

TNI is all right

TNI is all right The Indonesian Military (TNI)'s opposition to President Abdurrahman Wahid's plan to dissolve the House of Representatives is seen by some as an elegant decision in their bid to save this nation for the sake of all people.

Too many uncertainties in oil and gas bill: IPA

Too many uncertainties in oil and gas bill: IPA JAKARTA (JP): The lack of clarity in the new oil and gas bill, such as in the case of sanctity of contract and market deregulation, could cause uncertainties in the industry and impede foreign investment inflows, the Indonesian Petroleum Association...

More AIDS cases reported

More AIDS cases reported YOGYAKARTA: A survey by Yogyakarta Provincial Health Office found three more HIV cases in the province last year, bringing the total number of HIV and AIDS cases in the province to 13 since the first case was detected in 1993.

Impeachment 'best option to end crisis'

Impeachment 'best option to end crisis' JAKARTA (JP): The People's Consultative Assembly (MPR) looks set to convene a special session to impeach President Abdurrahman "Gus Dur" Wahid, saying it is the best option to end the ongoing political crisis.

Where to go in Bandung:

Where to go in Bandung:Exhibition * Batik Prameswari, by Enka Batik, at Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 4231631), 9 a.m. to 9 p.m. until May 31.Performances* Sundanese Traditional Performance, Gedung Kesenian Rumentang Siang, Jl.

Three sports bodies continue training at own expense

Three sports bodies continue training at own expense JAKARTA (JP): Three sports organizations are moving forward with their Kuala Lumpur Southeast Asian (SEA) Games decentralized training programs at their own expense, with the National Sports Council (KONI) continuing to complain of financial...

Massive forex losses slash Garuda profit

Massive forex losses slash Garuda profit JAKARTA (JP): National flagship carrier Garuda Indonesia's net profit dropped by 90 percent in 2000 to Rp 53.24 billion (about US$4.75 million) due to the sharp increase in the airline company's foreign exchange losses.

Gus Dur may seek Supreme Court's help

Gus Dur may seek Supreme Court's help JAKARTA (JP): In another desperate attempt at survival, President Abdurrahman has turned to the Supreme Court for legal assistance in facing the House of Representatives (DPR).

Indonesian envoys told to present good image

Indonesian envoys told to present good image JAKARTA (JP): President Abdurrahman Wahid asked Indonesian envoys to present a good image of the country in their respective embassies amid continuing crisis in Indonesia.

More hardship ahead

More hardship ahead We are horrified simply by wondering how the economy, still reeling from the meltdown of the rupiah and punitively high interest rate, will weather the havoc and social turmoil, which is most likely to be triggered by the bold fiscal measures scheduled for next month.

NEW TRAIN

NEW TRAINCorrection: Minister of Communications Agum Gumelaar signals the start of the maiden trip of the Argo Muria II serving the Gambir station, Jakarta, to Semarang route, not the Kota station, Jakarta, to Semarang route as stated in the photo caption which appeared on this page on Monday.

TNI's neutrality

TNI's neutrality That the chiefs of the Indonesian Military (TNI) have expressed their opposition to President Abdurrahman Wahid's reported plan to dissolve the House of Representatives is appropriate.I don't agree with Lt. Gen.

Taufik has no special prepration for Seville

Taufik has no special prepration for Seville JAKARTA (JP): Indonesia's world number three men's singles Taufik Hidayat shocked the sports world here on Monday by saying he did not make any special preparations for the upcoming World Badminton Championships in Seville, Spain, next month.

Business meeting in Semarang

Business meeting in Semarang SEMARANG (JP): The Canadian Embassy in Jakarta and the Central Java chapter of the Indonesian Chamber of Commerce and Industry (Kadin) will cosponsor a business conference here on Tuesday to increase business cooperation between the two countries.

48 houses torched in Aceh

48 houses torched in Aceh BANDA ACEH, Aceh: At least 48 houses in three separate regencies of West, North and East Aceh were set ablaze by armed rebels in the past two days, a police officer claimed on Monday.The spokesman of the police's Cinta Meunasah III operation, Adj. Sr. Comr.

Rates for tax payment, valid from May. 21 to May.27

Rates for tax payment, valid from May. 21 to May.27 U.S. dollar 1 Rp 11,275.00Austrian schilling 1 Rp 778.57Australian dollar 1 Rp 5,851.73Belgian franc 1 Rp 265.58Canadian dollar 1 Rp 7,262.95Swiss franc 1 Rp 6,439.91Deutschemark 1 Rp 5,040.68Danish krone 1 Rp 1,320.49French franc 1 Rp 1,633.

Jakarta toll road project up for tender in July

Jakarta toll road project up for tender in July JAKARTA (JP): The government will begin in July the tendering process for the resumption of the Jakarta Outer Ring Road (JORR) project which had been suspended since 1998, an official said on Monday.

S&P downgrades RI ratings, outlook remains negative

S&P downgrades RI ratings, outlook remains negative JAKARTA (JP): Standard & Poor announced on Monday the downgrading of Indonesia's long-term local and foreign currency ratings, from B to B- and from B- to CCC+ respectively, amid continuing uncertainties in the country's political and economic...

President orders halt to Manulife investigation

President orders halt to Manulife investigation JAKARTA (JP): President Abdurrahman Wahid ordered on Monday the Attorney General's Office to terminate the investigation on the criminal suit against PT Manulife Asuransi Jiwa Indonesia (AJMI), a subsidiary of a major Canadian insurance company.

Whither the conglomerates?

Whither the conglomerates?By Jeremy Mulholland and Ken Thomas This is the first of two articles on conglomerates by Jeremy Mulholland, a PhD candidate at the University of Melbourne researching Indonesian big business , and Ken Thomas, a long-time observer of the political-economy of Indonesia and...

Hotel Sahid Jaya faces seizure over tax arrears

Hotel Sahid Jaya faces seizure over tax arrears JAKARTA (JP): The city administration threatened on Monday to seize Hotel Sahid Jaya for failing to repay its tax arrears amounting to Rp 5 billion (US$454,545).

Rp 2.5b provided for refugee registration

Rp 2.5b provided for refugee registration JAKARTA (JP): The government has allocated Rp 2.5 billion for the registration process of East Timorese residing in East Nusa Tenggara province, prior to the June 6 ballot to determine whether the refugees would return to their homeland or stay in...

Scavengers burn friend to death over hut fire

Scavengers burn friend to death over hut fire JAKARTA (JP): Angry scavengers from Tanjung Duren, West Jakarta tied the hands and legs of a fellow scavenger with wire on Monday before setting him ablaze and burning him to death, for allegedly burning down several huts in the area.

S'pore, RP aim for more cooperation

S'pore, RP aim for more cooperation SINGAPORE (AP): Officials from Singapore and the Philippines agreed Monday to boost economic cooperation between their countries, an official said.Singapore Prime Minister Goh Chok Tong and Philippine Vice President Teofisto Guingona agreed that "more could be...

21,000 personnel for G-15 summit

21,000 personnel for G-15 summit JAKARTA (JP): Some 21,000 officers from the National Police and the Indonesian Military (TNI) will be deployed across Greater Jakarta, to provide security for the Group of 15 (G-15) summit and the House of Representatives' plenary session on May 30.

Police arrest of Laskar Jihad chief unlawful: Court

Police arrest of Laskar Jihad chief unlawful: Court JAKARTA (JP): The South Jakarta District Court ruled on Monday that the police arrest of Laskar Jihad Ahlus Sunnah Wal Jammaah commander Ja'far Umar Thalib was unlawful, but this should not affect the suspect's detention.

Paintings sold to refugees

Paintings sold to refugees DENPASAR, Bali: Noted painter Mohammed Harahap has sold 40 of his paintings to Madurese refugees from Sampit, Central Kalimantan, who are now living in Glanmore plantation, 40 kilometers south of Banyuwangi, for only Rp 100 (1 cent) each.

PSSI names U-15 players

PSSI names U-15 players JAKARTA (JP): The Soccer Association of Indonesia (PSSI) named 17 Under-15 players to join the centralized training program in Medan, North Sumatra. They will be coached by Briton Jim Bryden.

Rupiah rate May 21

Rupiah rate May 21 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,970.00 11,970.00 11,413.00 11,527.00Australian dollar 1 5,805.32 6,340.51 6,039.76 6,105.85Austrian schilling 1 702.27 766.64 730.63 738.26Belgian franc 1 239.55 261.51 249.23 251.

NEW TRAIN

NEW TRAINCorrection: Minister of Communications Agum Gumelaar signals the start of the maiden trip of the Argo Muria II serving the Gambir station, Jakarta, to Semarang route, not the Kota station, Jakarta, to Semarang route as stated in the photo caption which appeared on this page on Monday.

Quality swimmers are getting scarce

Quality swimmers are getting scarceFrom Koran TempoHaving observed the achievements of Indonesian swimmers now, I, as a sports lover, have reason to feel deeply worried.The Southeast Asia (SEA) Games are in the offing and we have to be aware of the fact that we have not seen senior swimmers being...

KONI vows to pay training expenses for KL SEA Games

KONI vows to pay training expenses for KL SEA Games JAKARTA (JP): Despite suffering financial problems, the National Sports Council (KONI) pledged on Monday to meet its obligation to finance the third phase of the Kuala Lumpur Southeast Asian (SEA) Games training program next month.

Rice compensation proposed

Rice compensation proposed BANGKOK (DPA): Thailand will propose that Malaysia imports an additional 100,000 tons of rice each year to compensate for its refusal to open its domestic market to Thai-made automobiles, a news report said on Monday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 21, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,550 0 238,500 Adindo Foresta 120 5 179,500 AGIS 135 0 432,500 Alakasa 125 0 0 Alfa...

Law

Law Anticorruption law ineffective: Minister Lopa. Page 2 Bombing Police to summon Aceh governor over bombing. Page 3 Conglomerates Whither the conglomerates? Page 4 Golf Spectacular eagle sets up Woods for four-shot win. Page 7 Cannes French movie revival invigorates Cannes.

Thai chicken exports surge

Thai chicken exports surge BANGKOK (DPA): Thailand's chicken exports are expected to earn the country up to US$750 million this year thanks to livestock epidemics in Europe and Hong Kong, a senior trade official said on Monday.

On military's rejection of 'politicking'

On military's rejection of 'politicking' Is the Indonesian Military (TNI) really against politics as it has repeatedly said? It depends on the definition, says Kusnanto Anggoro, a senior researcher at the Centre for Strategic and International Studies and lecturer at the postgraduate studies...

Democracy and violence

Democracy and violenceFrom Media IndonesiaAfter the issuance of the second censure from the House of Representatives, President Abdurrahman "Gus Dur" Wahid's supporters launched a mass parade to the National Monument (Monas) square carrying posters that read "If Gus Dur steps down, blood will flow".

Austindo to buy Toka Tindung

Austindo to buy Toka Tindung CANBERRA (Dow Jones): Australian-based Austindo Resources Corp. said Monday it has entered preliminary agreement to acquire the 85 percent of the Toka Tindung mine in North Sulawesi, Indonesia, it doesn't already own from Aurora Gold Ltd.

Universal in merger talks with Danamon

Universal in merger talks with Danamon JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) Edwin Gerungan confirmed on Monday that Bank Danamon was in talks with Bank Universal to look into a merger possibility.

Gus Dur says he will not meddle in military affairs

Gus Dur says he will not meddle in military affairs JAKARTA (JP): President Abdurrahman Wahid again insisted that he never had any intention of dismissing Army Chief of Staff Gen. Endriartono Sutarto, while his spokesman Yahya C.

Megawati slams the concept of absolute power

Megawati slams the concept of absolute power JAKARTA (JP): With her chances of succeeding the embattled President Abdurrahman Wahid increasing by the day, Vice President Megawati Soekarnoputri on Monday slammed the concept of absolute power in leading the country.

Hockey meet slated for weekend

Hockey meet slated for weekend JAKARTA (JP): In an effort to enhance the image of hockey, the Jakarta-based International Sports Club Indonesia (ISCI) will organize the Le Meridien Jakarta International Hockey Tournament 2001 over the weekend at the Bung Karno Hockey Field in Senayan, Central...

It's easy at last

It's easy at last Following my recent letters to The Jakarta Post, I would like to thank Citibank for the clear written explanation regarding the working of the Easypay system, which I received via fax the morning of my last letter to this column.

Police to summon Aceh governor over bombing

Police to summon Aceh governor over bombing JAKARTA (JP): City police detectives plan to summon Aceh governor Abdullah Puteh and former United Development Party (PPP) chairman Ismail Hasan Metareum for questioning over the recent dormitory blast in South Jakarta.Police spokesman Sr. Comr.

School exchange deal protested

School exchange deal protested JAKARTA (JP): Dozens of parents and teachers of state junior high school (SMP) 56 on Jl. Melawai, South Jakarta, protested on Monday an exchange deal involving their school and a private investor.

RP 'high-impact' projects undertaken for the poor

RP 'high-impact' projects undertaken for the poor MANILA (Agencies): The Philippine government is to launch "high-impact" projects to alleviate the plight of millions of poor Filipinos, seen as a key power base of jailed ex-president Joseph Estrada, an official said on Monday.

Asian currencies mostly down; new Taiwan dollar low

Asian currencies mostly down; new Taiwan dollar low SINGAPORE (Dow Jones): Most Asian currencies fell late Monday amid nagging political and economic uncertainties, with the New Taiwan dollar falling to a 31-month low after an influential think tank called for a much weaker currency, dealers said.

Anticorruption law ineffective: Minister Lopa

Anticorruption law ineffective: Minister Lopa JAKARTA (JP): Minister of Justice and Human Rights Baharuddin Lopa proposed yesterday a bill for reversing the burden of proof to revise the 1999 Anticorruption Law that has been found ineffective in fighting rampant corruption among civil servants and...

BCA books 50% increase in pre-tax profit in Q1

BCA books 50% increase in pre-tax profit in Q1 JAKARTA (JP): Publicly listed PT Bank Central Asia (BCA) reported a 50 percent increase in pre-tax profits, amounting to Rp 554 billion (about US$48 million) in the first quarter ending in March this year, up from Rp 370 billion during the same period...

President to be cleared of charges in Bruneigate

President to be cleared of charges in Bruneigate JAKARTA (JP): The Embassy of Brunei Darussalam to Indonesia has confirmed that the US$2 million donation in financial aid from the sultanate to the President Abdurrahman Wahid was a private donation, Deputy Attorney for Special Crime Bachtiar Fahri...

Hundreds of city employees restless over new structure

Hundreds of city employees restless over new structure JAKARTA (JP): The planned restructuring of the city administration that will affect some 200 civil servants in the city's Economic Supervision Agency has left some of them seemingly reluctant to perform their normal duties on Monday.

Prijadi asks for fast-track approval for revised budget

Prijadi asks for fast-track approval for revised budget JAKARTA (JP): Finance minister Prijadi Praptosuhardjo appealed on Monday to the House of Representatives to fast-track the process of approving the government-proposed revision of the 2001 state budget.

Japanese motor cycles still perform well despite Chinese entry

Japanese motor cycles still perform well despite Chinese entry JAKARTA (JP) : Japanese motorcycle producers said here on Monday that their sales in the Indonesian market remained bullish, despite growing competition from their Chinese partners.

The RI quagmire that hinders investor confidence

The RI quagmire that hinders investor confidence President Abdurrahman Wahid ordered on Monday a halt to the legal proceedings of the Dharmala-Manulife insurance business dispute. Corporate legal expert Amir Syamsuddin, an arbiter at the Indonesian Agency of National Arbitration (BANI), shares his...

Communal brawls claim two lives

Communal brawls claim two lives PADANG, West Sumatra (JP): Fierce communal clashes separately erupted in two regencies of Mentawai and Sijunjung in West Sumatra province on Monday during which two people were burned to death, two others were seriously injured, and seven houses were torched.

Thousands rally to mark Soeharto's resignation

Thousands rally to mark Soeharto's resignation JAKARTA (JP): Thousands of protesters staged rallies here and in several major towns across the country on Monday to mark the third anniversary of former president Soeharto's resignation.

Megawati shuns key Cabinet talks: Aide

Megawati shuns key Cabinet talks: Aide JAKARTA (JP): Vice President Megawati Soekarnoputri intentionally skipped a critical Cabinet meeting on Sunday due to her disappointment with President Abdurrahman Wahid's absence in the meeting, a close aide of Megawati said on Monday.