Indonesian Political, Business & Finance News

Archive: 25 May 2001

64 articles found

The military and politics

The military and politics Indonesians can sigh a deep breath of relief; the threat of a direct confrontation between the embattled President Abdurrahman Wahid on one side and the military, or TNI, and the House of Representatives on the other has been averted -- for now.

JV to build RI pulp mill

JV to build RI pulp mill JAKARTA (JP): A consortium of companies from Sweden, Finland, the Netherlands, Japan, Singapore, the United States and China will build a pulp mill in South Kalimantan within the next three months, provincial Governor Sjachriel Darhan said here on Wednesday.

Man murdered over Rp 1,000

Man murdered over Rp 1,000 JAKARTA (JP): An interior designer who was brutally stabbed six times on Tuesday in front of the Delli restaurant in Manggarai, South Jakarta, finally died at a hospital in Central Jakarta on Wednesday afternoon.

Sinar Mas ready to swap assets pledged to IBRA

Sinar Mas ready to swap assets pledged to IBRA JAKARTA (JP): The Sinar Mas Group said on Wednesday it was willing to replace assets pledged as collateral to the Indonesian Bank Restructuring Agency (IBRA), if the asset pledge violated capital market regulations.

Govt economic policies

Govt economic policies The Jakarta Post's comment about our country's problems and the government's economic team's performance in an editorial titled Bitter medicine on May 17, contains a number of factual errors.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Advertising Postcards, Gallery RPC, Jl. Suryo 8 Kebayoran Baru, South Jakarta, until May 31. * Modern Indonesian Literature, Galeri Lontar, Jl. Utan Kayu 68H, East Jakarta (Phone: 8573388), May 31.

Silicone surgery

Silicone surgery I have just returned from lecturing and demonstrating dermatologic surgical techniques at hospitals and universities in Sumatra. While there, I read with great interest your lead article in the Sunday, May 6, 2001 paper on silicone.

Garuda to resume flights to Fukuoka in July

Garuda to resume flights to Fukuoka in July JAKARTA (JP): National flagship carrier PT Garuda Indonesia will resume its international flights to Fukuoka early in July to take advantage of the growing demand for travel to this Japanese city.

Pertamina seeks up to 20% stake in Cepu oil field

Pertamina seeks up to 20% stake in Cepu oil field JAKARTA (JP): State oil and gas company Pertamina is seeking to acquire an up to 20 percent stake in the planned joint venture with United States-based ExxonMobil Oil Inc.

Panel rejects plan to dismiss BI chief

Panel rejects plan to dismiss BI chief JAKARTA (JP): An independent panel set up to review the government's proposed amendment of the central bank law has rejected the proposal to dismiss the current Bank Indonesia board of governors.

Southeast Asia's new vehicle sales increase

Southeast Asia's new vehicle sales increase SINGAPORE (AFP): New vehicle sales in Southeast Asia's four biggest markets rose by a lower-than-expected 12.4 percent in the March quarter due to the global economic downturn, an industry monitor said Wednesday.

Bogor Palace to be opened to the public

Bogor Palace to be opened to the public BOGOR (JP): To celebrate its 519th anniversary that falls on June 3, Bogor will host Bogor Festival II featuring various activities to attract more visitors to the rain-drenched city.

NU leaders step up moves to end political crisis

NU leaders step up moves to end political crisis SURABAYA (JP): Racing against time, Nahdlatul Ulama (NU) leaders have held meetings with several politicians over the past few days, in an apparent bid to reconcile the ongoing political stalemate that may result in a special session of the People's...

GM to sell first Thai car

GM to sell first Thai car BANGKOK (AFP): General Motors Thailand said Wednesday it will produce a Subaru-badged multi-purpose vehicle for Fuji Heavy Industries which will be the first vehicle assembled in Thailand for export to Japan.

Detention of labor activist suspended

Detention of labor activist suspended JAKARTA (JP): The detention of labor activist Ngadinah, who is being tried at Tangerang District Court, was suspended on Tuesday after serving one month in jail.The court granted the suspension upon the guarantee letters filed by State Minister for the...

Ministers offer political panacea

Ministers offer political panacea JAKARTA (JP): The seven ministers tasked with drawing up the government's recommendations to settle the ongoing stand-off with the House of Representatives are fine-tuning their draft as the May 30 Assembly plenary session draws near.

WB proposes 3 measures to maintain recovery

WB proposes 3 measures to maintain recovery JAKARTA (JP): The World Bank has outlined three immediate actions the Indonesian government must implement to maintain the momentum of economic recovery in 2001, given the current political instability.

China seeks history in Sudirman Cup

China seeks history in Sudirman Cup This is the first of two articles on the strength of Group A teams competing in the Sudirman Cup mixed team championship in Seville, Spain, from May 28 to June 3. The Group B analysis will appear in Saturday's edition of The Jakarta Post.

Samsung relocates plants

Samsung relocates plants MANILA (Dow Jones): South Korea's Samsung Electronics Co. Ltd. is relocating some of its optical disk drive production to the Philippines as part of a strategy to cut costs. Samsung Philippines Vice President Maeng Dai Bae told reporters Wednesday the electronics giant will...

Freed hostages leave Cabinda

Freed hostages leave Cabinda LUANDA (AFP): Five Portuguese nationals released by a separatist group in Angola after more than two months in captivity have left the Cabinda enclave for Libreville, state radio said on Thursday.

KPU vows to facilitate elections fairly

KPU vows to facilitate elections fairly JAKARTA (JP): Newly appointed members of the General Elections Commission (KPU) during a meeting with House of Representatives Speaker Akbar Tandjung pledged to remain neutral in their role as facilitators.

Charity concert a celebration of Verdi's greatness

Charity concert a celebration of Verdi's greatnessBy Y. Bintang Prakarsa JAKARTA (JP): In observance of the centenary anniversary of the death of Giuseppe Verdi (1813-1901), the Mines and Energy Society Bimasena will hold a concert presenting the composer's celebrated operatic pieces.

100 firms to join IITELMIT

100 firms to join IITELMIT JAKARTA (JP): Over 100 companies from around the world will take part in the Indonesian International Telecommunication Media and Information Technology (IITELMIT) conference and exhibition, which opens on Sunday.

Election should be expedited

Election should be expeditedFrom Koran TempoConsidering the heated political situation in our country, plus the fact that the majority of factions in the House of Representatives continue to insist that President Abdurrahman Wahid step down, I would like to propose that the next general election be...

Rupiah rate May 23

Rupiah rate May 23 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,927.00 11,927.00 11,370.00 11,484.00Australian dollar 1 5,701.71 6,229.47 5,932.87 5,998.09Austrian schilling 1 686.81 750.10 714.66 722.24Belgian franc 1 234.28 255.87 243.78 246.

'Sukarno opposed to national chauvinism'

'Sukarno opposed to national chauvinism' YOGYAKARTA (JP): Indonesia's first president Sukarno was a humanist who developed nationalism based on human equality, a political observer said.Speaking in a seminar held to commemorate the 100th anniversary of the founding father here, Cornelis Lay of...

Teachers clash over allowance

Teachers clash over allowance PALU, Central Sulawesi: Violence marred a rally staged by thousands of teachers at the local Teaching and Education Agency office (DPP) over their reduced allowance on Wednesday.

Three killed by passing trains

Three killed by passing trains JAKARTA (JP): Three people crossing railway lines were killed by passing trains at two separate locations in Jatinegara, East Jakarta on Tuesday night.The first victim Unggono, 39, was hit by a train coming from Yogyakarta while crossing the railway line at Kampung...

Five hotels face seizure for tax arrears

Five hotels face seizure for tax arrears JAKARTA (JP): The city administration threatened on Wednesday to seize more hotels if they refuse to pay their tax arrears.Head of City Revenue Agency Deden Supriadi said that it planned to seize the five hotels with the highest tax arrears and fines...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Advertising Postcards, Gallery RPC, Jl. Suryo 8 Kebayoran Baru, South Jakarta, until May 31. * Modern Indonesian Literature, Galeri Lontar, Jl. Utan Kayu 68H, East Jakarta (Phone: 8573388), May 31.

RI corn import ban to benefit U.S. producers

RI corn import ban to benefit U.S. producers SINGAPORE (Dow Jones): U.S. corn producers are expected to carve a bigger market share in Indonesia's corn market following the country's ban on imports from Argentina and China, industry participants said.

Women hammer throwers must improve technique: Expert

Women hammer throwers must improve technique: Expert JAKARTA (JP): Australian women's hammer throw coach Lawrie Barclay said on Wednesday that Southeast Asian athletes still need to improve their technique if they want to achieve results similar to those from other regions.

RI home to 1,558 illegal migrants

RI home to 1,558 illegal migrants JAKARTA (JP): A total of 1,558 foreigners illegally have entered Indonesia since early last year in hopes of reaching a third country, an official said on Wednesday.Director of Immigration M.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 23, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,800 150 4,876,000 Adindo Foresta 110 0 62,000 AGIS 135 0 660,000 Alakasa 125 0 0 Alfa...

IBRA rejects Chandra Asri's debt workout

IBRA rejects Chandra Asri's debt workout JAKARTA (JP): Almost three weeks after the ministerial Financial Sector Policy Committee approved a restructuring scheme for the US$730 million foreign debts of olefins producer PT Chandra Asri, nothing has yet been done to finalize the agreement, informed...

Ericsson ties up with locals to develop Net

Ericsson ties up with locals to develop Net JAKARTA (JP): Telecommunications infrastructure provider PT Ericsson Indonesia said here on Wednesday that it would cooperate with local application companies to develop mobile Internet services in the country.Ericsson Indonesia's president Mats H.

Bora stays cool on China's chances against Indonesia

Bora stays cool on China's chances against Indonesia JAKARTA (JP): Chinese team coach Velibor 'Bora' Milutinovic stayed cool on his team's chances of beating host Indonesia in the last match of the Group Nine Asia Zone 2002 World Cup qualifier at Bung Karno stadium on Sunday.

Water supply may return to normal within two weeks

Water supply may return to normal within two weeks JAKARTA (JP): Hundreds of thousands of Jakartans will live with less or even no tap water in the next two weeks while the government rebuilds the collapsed West Tarum dike in Kali Malang, East Jakarta.

KPU members to facilitate elections fairly

KPU members to facilitate elections fairly 5. SukaR (22) -- 26pts MM 2cols 2lines (16x2)'Sukarno opposed to national chauvinism'

Tae kwon do team for SEA Games announced

Tae kwon do team for SEA Games announced JAKARTA (JP): The Indonesian Tae kwon do Association (TI) announced its core squad for the final gear-up for the Kuala Lumpur 2001 Southeast Asian (SEA) Games."Team members were named on Wednesday following an evaluation meeting considering tae kwon doins'...

RI's Taufik seeded third in World Badminton C'ships

RI's Taufik seeded third in World Badminton C'ships JAKARTA (JP): Ahead of the World Badminton Championships, none of the Indonesian shuttlers have been listed as the top seeds at the biennial event to take place at the San Pablo Stadium in Seville, Spain from June 3 to June 10.

Vehicle tax hikes violate ministerial decree: Councillor

Vehicle tax hikes violate ministerial decree: Councillor JAKARTA (JP): The city administration's decision to review the controversial vehicle tax increases has obviously been made at the request of the Ministry of Home Affairs due to violations against the ministry's decree.

Land dispute kills three

Land dispute kills three MAUMERE, East Nusa Tenggara: At least three people have been killed and 19 houses burned in a communal brawl between residents of Longge and Raba villages in Macang Pacar district in Manggarai regency, a police officer confirmed on Wednesday.

UN special envoy to visit Myanmar

UN special envoy to visit Myanmar YANGON (DPA): United Nations Special Envoy to Myanmar Razali Ismail has been invited to pay a four-day visit to the country starting June 1, government officials confirmed on Thursday.

House seeks clarification on President's health

House seeks clarification on President's health JAKARTA (JP): Amid decreasing confidence in the ailing government, the House of Representatives held a hearing on Wednesday with the presidential medical team, the Indonesian Physician Association (IDI) and four troubled specialists, to seek a...

OPEC to maintain

OPEC to maintain current output VIENNA (AFP): OPEC is unlikely to increase oil output next month despite a resurgence of prices, but could hold another special meeting to review the situation if they continue to soar, its head said on Wednesday.

Back to basics in monetary policy

Back to basics in monetary policy This is the first of two articles on monetary policy by Tubagus Feridhanusetyawan, senior economist and head of economic affairs at the Centre for Strategic and International Studies (CSIS) in Jakarta.

China fears repeat of Ronald Reagan strategy

China fears repeat of Ronald Reagan strategyBy Ching Cheong SINGAPORE: The recent downturn in Sino-American relations has made the Chinese refocus their attention on U.S. policies that led to the downfall of the former Soviet Union.This is because they find stark similarities in the policies of U.S.

Thousands mark Poso riots

Thousands mark Poso riots PALU, Central Sulawesi: Thousands of Poso residents packed the Darussalam Mosque here on Wednesday to commemorate the first anniversary of the Poso riots.Participants were mostly Poso residents who are sheltering in the provincial capital.

Summitplast to open third plastics factory next month

Summitplast to open third plastics factory next month JAKARTA (JP) : Publicly listed plastic component producer PT Summitplast Interbenua will commence next month the operation of its third factory at its industrial compound in the Lippo Cikarang industrial estate in West Java.

Charity concert a celebration of Verdi's greatness

Charity concert a celebration of Verdi's greatnessBy Y. Bintang Prakarsa JAKARTA (JP): In observance of the centenary anniversary of the death of Giuseppe Verdi (1813-1901), the Mines and Energy Society Bimasena will hold a concert presenting the composer's celebrated operatic pieces.

Swiss firm to raise its stake to 74.5% in Semen Cibinong

Swiss firm to raise its stake to 74.5% in Semen Cibinong JAKARTA (JP): The Swiss-based cement group Holcim Ltd., formerly known as Holderbank Financiere Glaris Ltd., plans to raise its stake to 74.5 percent in publicly listed cement producer PT Semen Cibinong, as part of the latter's debt...

Kebon Jeruk tollgate

Kebon Jeruk tollgate The Tangerang toll road, particularly the area between Kebon Jeruk and the Slipi intersection, which has been a burden for many motorists, would be a smoother and more comfortable drive if only the authorities were more responsive to the current traffic situation.

Rehabilitation, restoration of rights sought for victims of New Order regime

Rehabilitation, restoration of rights sought for victims of New Order regime JAKARTA (JP): The National Committee of the 1965 Human Tragedy called on the government to speed up the process for rehabilitating civil and political rights of the political victims during the New Order regime's 32-year...

Supermarkets must withdraw illegally imported food

Supermarkets must withdraw illegally imported food JAKARTA (JP): Supermarkets and stores on Wednesday were instructed to halt the sale of 356 kinds of imported food products from 25 different countries which had been sold without clearance from the Food and Drug Control Agency (BPOM).

Astra to hedge 20% of debts as 1Q losses surge

Astra to hedge 20% of debts as 1Q losses surge JAKARTA (JP): Publicly listed auto manufacturer PT Astra International plans to hedge up to 20 percent of its US$800 million in debts, as the rupiah sent its first quarter net loss to Rp 515 billion (about $45.

Thailand protests Myanmar slur against monarchy

Thailand protests Myanmar slur against monarchy BANGKOK (DPA): Thailand on Thursday issued a strongly worded protest against Myanmar's leading state-run newspaper for publishing an article that was deemed insulting to the much- revered Thai monarchy.

Aussie raises overseas aid

Aussie raises overseas aid SYDNEY (DPA): Australia announced Tuesday an increase in its overseas aid program for this year by A$120 million (US$60 million) to A$1.7 billion ($850 million).Despite the increase, aid as a proportion of Australia's gross domestic product will fall to its lowest level...

Attitude is not everything at Neu Diva bar

Attitude is not everything at Neu Diva bar JAKARTA (JP): Don't be fooled by the name. No self-respecting diva would be caught dead in the Neu Diva bar, plunking her well- toned fanny down on the ratty couch and resting her immaculately clad feet on the cracked and stained concrete floor.

Stop violence on the train

Stop violence on the trainFrom Warta KotaAttacks on the train to Bekasi, Cikarang and Purwakarta have been going on every day now for nearly a month. Stone throwing and even some passengers threatening others with sickles are almost becoming a fact of life.

7. Seed --- 28 pts HB l/c 3/2

7. Seed --- 28 pts HB l/c 3/2RI's Taufik seeded third in World Badminton C'ships

Attitude is not everything at Neu Diva bar

Attitude is not everything at Neu Diva bar JAKARTA (JP): Don't be fooled by the name. No self-respecting diva would be caught dead in the Neu Diva bar, plunking her well- toned fanny down on the ratty couch and resting her immaculately clad feet on the cracked and stained concrete floor.

List of hotels with highest tax arrears

List of hotels with highest tax arrears Hotel Year Tax arrears Fine Total Sahid Jaya 1996 Rp 433.9 m Rp 1.1 b ) 1997 - Rp 632.4 m ) Rp 18.879 b 1998 Rp 1.226 b Rp 7.652 b ) 1999 Rp 2.578 b Rp 5.222 b ) Mulia Senayan 1997 Rp 1,016 b Rp 2.316 b ) Rp 17.371 b 1998 Rp 4.199 b Rp 9.

Police on verge of huge drug bust

Police on verge of huge drug bust JAKARTA (JP): The Jakarta Police is reportedly on the verge of making a substantial drug bust involving hundreds of thousands of Inex pills, a police source said on Thursday night.