Indonesian Political, Business & Finance News

Archive: 30 May 2001

60 articles found

Two killed as taxi sinks

Two killed as taxi sinks JAKARTA (JP): A taxi driver and his passenger were killed when their taxi plunged into the Marunda fishing port in Cilincing subdistrict, North Jakarta, early on Tuesday.Tanjung Priok Port police identified the victims as Agus Buang, 34, a Prestasi taxi driver who lived in...

Dangerous drugs get the okay

Dangerous drugs get the okay Living in the city of Jakarta amid centers of entertainment, one gets acquainted with the circles of people who venture out at night. Of course you cannot help avoid meeting those that indulge in the illegal pleasures of life, like shabu-shabu (crystal methamphetamine)...

Bulog knows nothing about imported rice

Bulog knows nothing about imported rice BOGOR (JP): State Logistics Agency (Bulog) chief Widjanarko said on Tuesday that the agency knew nothing about the flood of imported rice.Speaking at a discussion at the Bogor Institute of Agriculture, he said that all the importers were private companies.

PSSI calls 15 players for SEA Games

PSSI calls 15 players for SEA Games JAKARTA (JP): The Soccer Association of Indonesia (PSSI) has called 15 under-23 players to attend the training program for the 2001 Southeast Asian (SEA) Games, team manager Irawadi D. Hanafi announced on Tuesday.

Arwana plans public offering

Arwana plans public offering JAKARTA (JP): Ceramics manufacturer PT Arwana Citramulia plans to sell about 182 million shares to the public next month to raise funds for its subsidiary.The company announced here on Tuesday that about 70 percent of the proceeds from its initial public offering (IPO)...

Japan LNG buyers want $100m price cut in contracts

Japan LNG buyers want $100m price cut in contracts JAKARTA (JP): Japanese buyers of Indonesian liquefied natural gas (LNG) have asked state oil and gas company Pertamina to slash their contracted LNG prices by US$100 million a year, a Pertamina executive said on Tuesday.

Akbar and 37 legislators demand police protection

Akbar and 37 legislators demand police protection JAKARTA (JP): House of Representatives (DPR) Speaker Akbar Tandjung and 37 other legislators have requested protection from city police in anticipation of worsening security in the capital.City police chief Insp. Gen.

Alco Telkom beats Bajawa

Alco Telkom beats Bajawa SEMARANG (JP): Alco Telkom men's volleyball team from West Java scored a victory over Bajawa team from East Nusa Tenggara 3- 1 (25-17, 20-25, 25-18, 25-23) at Jati Diri sports hall on Monday after losing in their first match on Sunday.

Police finding fault

Police finding faultFrom RepublikaOn May 8, 2001, at about 11:30 a.m., while driving on Jl. Kemanggisan Ilir Raya, my driver was stopped by a police officer named Suraji (written on his name tag on his right chest pocket) from the Pal Merah Police.

Scores of weapons confiscated from Gus Dur supporters

Scores of weapons confiscated from Gus Dur supporters JAKARTA (JP): Police seized hundreds of weapons and arrested 22 people as thousands of President Abdurrahman Wahid supporters from East Java arrived here on Tuesday.Jakarta Police Detective Chief Sr. Comr.

Surabaya, tourism and the Dolly

Surabaya, tourism and the Dolly SURABAYA (JP): A local councillor recently called Surabaya "The city of prostitutes", ahead of its 708th anniversary celebration on May 31.This angered many. They protested loudly. The councillor was condemned and terrorized.

Seven dead in traffic accident

Seven dead in traffic accident MEDAN, North Sumatra: At least seven people died when a speeding public minibus was hit by a truck on Tuesday morning in Penara village, Deli Serdang regency.The fatalities were all passengers on the Intan Sari public minibus, which was plying the Medan-Lubuk Pakam...

Speculative trading boosts JSX shares

Speculative trading boosts JSX shares HONG KONG (Reuters): Political risk dominated Asia's smaller asset markets on Tuesday, feeding a speculative equity rally in Indonesia but sending Thai stocks sprawling, while takeover talks lifted Seoul stocks to an eight-month high.

Myanmar minister to visit Thailand amid tension

Myanmar minister to visit Thailand amid tension BANGKOK (Agencies): Myanmar Foreign Minister Win Aung is due to pay an official visit to Thailand next month to try to iron out diplomatic strains, Thai Foreign Minister Surakiart Sathirathai said on Tuesday.

Business as usual for Jakartans despite rumors

Business as usual for Jakartans despite rumorsBy Novan Iman Santosa JAKARTA (JP): Jakartans appear to have attained a certain level of nonchalance when confronted with rumors of disturbances connected with the current political tension, saying simply that they've seen it all before.

Court annuls rector's suspension decision

Court annuls rector's suspension decision JAKARTA (JP): The Jakarta Administrative Court annulled on Tuesday a decision made by the rector of the University of Indonesia on the suspension of six student activists.

Value of mushroom exports up

Value of mushroom exports up JAKARTA (JP): The value of country's mushroom exports rose by 17 percent to US$34.88 million last year from $29.72 million the previous year, according to the Ministry of Agriculture.

House set to call for special session

House set to call for special session JAKARTA (JP): Barring last minute backroom deals, the House of Representatives, in its plenary session on Wednesday, looks set to call for a special session of the People's Consultative Assembly, which could spell the end of the Abdurrahman Wahid administration.

Two million suffer from epilepsy

Two million suffer from epilepsy JAKARTA (JP): A doctor said on Tuesday that between 1.5 million to two million people in Indonesia suffered from epilepsy.Dede Gunawan, head of the neurology department of the Hasan Sadikin Hospital in the West Java capital of Bandung, was quoted by Antara as saying...

E. Timor

E. Timor Rival E. Timor groups reconcile in Kupang. Page 2 Court Court annuls rector's suspension decision. Page 3 TNI TNI must prove its impartiality: Ikrar. Page 6Golf Lickliter holds nerve for first U.S. Tour victory. Page 7LNG Japan LNG buyers want $100m price cut in contracts.

Telephone voucher

Telephone voucher I bought a Mentari telephone voucher for Rp 110,000 at the Bank Central Asia (BCA) ATM in Wisma Argo Manunggal, Jl. Gatot Subroto, Jakarta, on March 20, 2001.The above amount was debited to my BCA account on that date, but since I could not get the relevant purchase slip (the ATM...

TNI claims to have shot GAM commander

TNI claims to have shot GAM commander BANDA ACEH, Aceh (JP): The Indonesian Military (TNI) claimed on Tuesday to have shot dead the operations commander of the Free Aceh Movement (GAM), Ayah Muni, and four other rebels during a fierce gunfight in Cot Keueng, Kota Baro district in Aceh Besar.

Medco expects 20 percent increase in oil production

Medco expects 20 percent increase in oil production JAKARTA (JP): Publicly listed oil and gas company PT Medco Energi International expects its average oil production to surge 20 percent to 80,000 barrels of oil per day (bpd) this year, from 66,800 bpd last year.

Rupiah rate May 29

Rupiah rate May 29 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 11,075.00 12,075.00 11,517.00 11,633.00Australian dollar 1 5,746.82 6,271.76 5,976.17 6,042.18Austrian schilling 1 690.97 753.71 718.54 726.12Belgian franc 1 235.69 257.10 245.10 247.

Japan LNG buyers want $100m price cut in contracts

Japan LNG buyers want $100m price cut in contracts JAKARTA (JP): Japanese buyers of Indonesian liquefied natural gas (LNG) have asked state oil and gas company Pertamina to slash their contracted LNG prices by US$100 million a year, a Pertamina executive said on Tuesday.

Bank Mandiri Q1 profit up

Bank Mandiri Q1 profit up JAKARTA (JP): State Bank Mandiri reported on Tuesday a 180 percent jump in first quarter profit to Rp 851 billion (US$74 million) from the same period last year.The bank said in a press statement that its capital adequacy ratio during the quarter was 32.

AGO's report on scandals 'has no bearing on House'

AGO's report on scandals 'has no bearing on House' JAKARTA (JP): The result of the Attorney General's Office's investigation which cleared President Abdurrahman Wahid in the Bulog and Brunei scandals will have no political or legal bearing on Wednesday's House of Representatives' plenary session,...

Press Council protests

Press Council protestsFrom Rakyat MerdekaHereby the Press Council deeply regrets and strongly protests the brutal actions by a group of people who beat up and tortured six journalists in Tegal, Central Java, while they were carrying out their journalistic tasks, which are completely protected by...

Where to go in Surabaya

Where to go in SurabayaExhibition* Painting, CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5615246), until May 30.Films* Monthly French Film: Every Tuesday, Friday, Saturday, 6:30 p.m. * The 6th French Film Festival in Indonesia, at Mitra 21: Taxi 2, 2:15 p.m., June 15, 4:55 p.m.

Emergency threat still possible: Akbar Tanjung

Emergency threat still possible: Akbar Tanjung JAKARTA (JP): House of Representatives Speaker Akbar Tandjung warned on Tuesday that President Abdurrahman Wahid may still carry out his threat of imposing a state of emergency, despite the plan even attracting strong opposition from his own Cabinet.

Telkom, Siemens launch fast internet access service

Telkom, Siemens launch fast internet access service JAKARTA (JP): The country's internet users now have another option for faster Internet access following the official launch on Tuesday of a broadband service by state telecommunication company PT Telkom in cooperation with the Indonesian...

Many state officials say they have reported debts

Many state officials say they have reported debts JAKARTA (JP): Many state officials claim that they are suffering from debts, the Civil Servants' Wealth Audit Commission (KPKPN) revealed in its latest report on Tuesday.

Elegy for Surabaya in collaborative dances

Elegy for Surabaya in collaborative dances years ago,with tears and bloodthey defend youand they succeed tonightunder the starswith heart and soulwe are dancing and wishingfor a better Surabaya SURABAYA (JP): For choreographer Linda Josephine, Surabaya is a source of inspiration.

G-15 summit proceeds despite uncertainty

G-15 summit proceeds despite uncertainty JAKARTA (JP): President Abdurrahman Wahid will put on a brave face on Wednesday as he hosts the 11th summit of the Group of 15 developing nations, while his fate is being determined by legislators just a few hundred meters away.

RI fields Taufik in opening match against England

RI fields Taufik in opening match against England JAKARTA (Agencies): Indonesia has picked world number three, Taufik Hidayat, for its round-robin match against England at the Sudirman Cup mixed team championship in Seville, Spain.

PM Mahathir launches election alert

PM Mahathir launches election alert KUALA LUMPUR (Agencies): Malaysian Prime Minister Mahathir Mohamad on Tuesday told the youth wing of his ruling party to woo more members and listen to grassroots opinion to prepare for the next general election.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 29, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,700 25 1,765,500 Adindo Foresta 115 0 62,000 AGIS 145 10 4,133,500 Alakasa 125 0 0 Alfa...

Eradicating KKN

Eradicating KKNFrom RepublikaAllow me to suggest that, in the eradication of corruption, collusion and nepotism (KKN), those involved in these practices must be given a chance to repent if they are willing to admit their misconduct and surrender to the government part of what they have unlawfully...

Roaming fees canceled

Roaming fees canceled JAKARTA (JP): Cellular operator PT Excelcomindo Pratama canceled on Tuesday the implementation of roaming fees for its prepaid services after receiving many objections from customers, a senior executive said.Excelcom's general manager for marketing, A.

East Java hoteliers focus on MICE activities

East Java hoteliers focus on MICE activities SURABAYA (JP): Hotel operators in East Java are eagerly looking for MICE (meeting, incentive, convention and exhibition) activities to help survive the present economic hardship.

Futsal coaching attracts 100

Futsal coaching attracts 100 JAKARTA (JP): About 100 coaches and referees attended the futsal coaching clinic, which was jointly held by the futsal team of the Soccer Association of Indonesia (PSSI) and McDonald's Indonesia at Padjadjaran sports hall in Bandung from Thursday to Saturday.

Exit tax

Exit taxFrom Koran TempoWe have been living in the reform era for about three years now, but the remnants of the New Order still prevail and are still kept alive. One of them is exit tax. When will the exit tax (now worth Rp 1 million) be abolished? Why must Indonesians be inhumanly squeezed? How...

Rupiah and peso shrug off domestic political problems

Rupiah and peso shrug off domestic political problems SINGAPORE (Dow Jones): Most Asian currencies strengthened Tuesday, buoyed by a firmer yen and the unwinding of long-dollar positions following the U.S. currency's recent run-up.

East Java hit by fresh violence

East Java hit by fresh violence SURABAYA (JP): The province of East Java remained tense with fresh violence erupting in the town of Pasuruan, some 80 kilometers east of here, on Tuesday when one church was burned down and two others were vandalized by thousands of people, claiming to be supporters...

Indonesia's unresolved war crimes

Indonesia's unresolved war crimesBy Aboeprijadi Santoso AMSTERDAM (JP): As the political bickering has dragged on for months in Jakarta, one of the "victims", no doubt, is the issue of war crimes, which has been relegated to the background, in danger of forever remaining unresolved.

Coastal erosion threatens houses

Coastal erosion threatens houses PADANG, West Sumatra: Continuous erosion threatens at least 500 residents' houses standing along the Pasir Parupuk Tabing shore.Residents said on Tuesday that about five kilometers of the beach had been destroyed by large waves.

S'porean escapes from Bali jail

S'porean escapes from Bali jail DENPASAR, Bali: Bali Police chief Brig. Gen. I Wayan Ardjana blamed two police officers on Tuesday for the escape of a detained Singaporean national from the Denpasar District Court holding cells.

2001 economic growth could reach 4%: Rizal

2001 economic growth could reach 4%: Rizal JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli said that economic growth this year could exceed 4 percent if there were political stability."If political stability can be achieved ...

Bank Danamon reports first quarter profit of Rp 171b

Bank Danamon reports first quarter profit of Rp 171b JAKARTA (JP): The publicly-listed Bank Danamon announced on Tuesday that its first quarter profit reached Rp 171 billion, more than half of the 2000 full-year profit of Rp 306 billion.

Eight foreign mining firms due for divestment this year

Eight foreign mining firms due for divestment this year JAKARTA (JP): Eight foreign mining firms must divest shares this year as part of their contractual obligation to relinquish ownership to local investors.

Police shoot and kill armed robber

Police shoot and kill armed robber JAKARTA (JP): Police shot and killed an armed robber late on Monday on Jl. Permata in the Makassar subdistrict of East Jakarta.Ciracas Police chief Comr. Mahbub identified the robber as Sahala Manalu, alias Coki, a 22-year-old university student who resided in the...

RI crisis kills hopes for rubber recovery

RI crisis kills hopes for rubber recovery SINGAPORE (Reuters): Hopes for recovery in rubber prices, triggered by the Ford Motor Co recall of Firestone tires, are fading quickly with market focus shifting to Indonesia's political crisis, traders say.The crisis could cut the value of the rupiah.

Pamapersda to go public

Pamapersda to go public JAKARTA (JP): Pamapersda Nusantara, a subsidiary of publicly listed PT United Tractors (UT), will launch an Initial Public Offering (IPO) in July to finance its expansion program and repay debts.

Thai grains trade quiet, Indonesia buys Thai corn

Thai grains trade quiet, Indonesia buys Thai corn BANGKOK (Reuters): The Jakarta-based CP feedmill has bought around 12,000 tonnes of Thai corn, traders said on Tuesday, and the market is waiting to see if the Thai government agrees to a request from feedmills to allow more soybean imports.

Economy's bleeding worsens

Economy's bleeding worsens Amid the hurly-burly of the political battle between President Abdurrahman Wahid and the House of Representatives on the one hand and between Abdurrahman and his vice president, Megawati Soekarnoputri, on the other, the ailing economy seems to have been neglected, left...

Protesters threaten to storm House building

Protesters threaten to storm House building JAKARTA (JP): Thousands of supporters of President Abdurrahman Wahid threatened on Tuesday to storm the House of Representatives (DPR) building should the House decide, at its plenary session on Wednesday, to call for a special session of the People's...

Police lack funds to secure Jakarta

Police lack funds to secure Jakarta JAKARTA (JP): The police need Rp 3 billion (US$272,000) a month to secure the capital when there are special events that require extra security measures, such as the House of Representatives' plenary session or the G-15 summit, an officer said on Tuesday.

Group helps breast cancer survivors

Group helps breast cancer survivorsBy Mehru Jaffer JAKARTA (JP): Her only solace today is the Breast Cancer Survivor's Club. For "Ibu", who did not want to give her real name, cannot tolerate being by herself anymore.

Rival E. Timor groups reconcile in Kupang

Rival E. Timor groups reconcile in Kupang KUPANG, East Nusa Tenggara (JP): Former East Timorese warring groups -- the proindependence National Council for East Timor Resistance (CNRT) and the Prointegration Fighters (PPI) -- met here on Tuesday, admitted their past mistakes and pledged to disarm...

TNI must prove its impartiality: Ikrar

TNI must prove its impartiality: Ikrar What is important these days is that the Indonesian Military (TNI) maintain its impartiality, says Ikrar Nusa Bhakti of the Jakarta-based Indonesian Institute of Sciences (LIPI) who is part of a LIPI team researching the TNI.