Indonesian Political, Business & Finance News

Archive: 4 May 2001

64 articles found

RI bids to host Asian Kempo C'ships

RI bids to host Asian Kempo C'ships JAKARTA (JP): The Indonesian Kempo Association (Perkemi) will bid to host the 2003 Asian Championships after failing in its bids to host the 2001 Taikai (World Championships), which were given to Paris, and the 2005 Taikai to be held in Tokyo.

Asian currencies mostly up on yen, easing political fears

Asian currencies mostly up on yen, easing political fears SINGAPORE (Dow Jones): Most Asian currencies extended their recent gains late Thursday, basking in the glow of the yen's strength and as political pressures in Indonesia and the Philippines ebbed, dealers said.

City officials, police squabble over hoodlum fund

City officials, police squabble over hoodlum fund JAKARTA (JP): While the operation against hoodlums has not yet been accomplished, amid doubts by experts over its effectiveness, the city administration and the police have now been involved in an argument over the disbursement of the allocated Rp 4.

It's cool to shoot pool for capital's youth

It's cool to shoot pool for capital's youthBy Monique Natalia JAKARTA (JP): The five young women, all around the age of 20, were dressed like they were ready to dance the night away.But instead of heading off to a cafe or club on a recent Saturday night, they were at Bengkel Billiard, each of them...

Trawler hijacked, captain murdered

Trawler hijacked, captain murdered JAKARTA (JP): After floating for two days without clear direction, a plundered trawler was finally guided into Sunda Kelapa Port in North Jakarta on Thursday morning, with the dead captain found frozen.

Setbacks cloud Asian bank restructuring

Setbacks cloud Asian bank restructuring PARIS (AFP): Progress has been made in restoring health to the crisis-ravaged banking systems of Indonesia, Malaysia and Thailand but setbacks are possible because of huge corporate debt, the OECD said Thursday.

Newmont and pollution

Newmont and pollution I have always tried to avoid telling people how to do their jobs, but I find myself thrust into that position having just finished reading the article titled Activists accuse PT Newmont of polluting (The Jakarta Post, May 1, 2001).

Corpse findings shock locals

Corpse findings shock locals JAKARTA (JP): Residents of Cempaka Putih area in Central Jakarta and Depok were shocked on Thursday with the finding of two corpses.Cempaka Putih subprecinct police chief Comr.

RP VP cannot see Aung San Suu Kyi

RP VP cannot see Aung San Suu Kyi MANILA (AFP): Philippine Vice President Teofisto Guingona said on Thursday the Myanmar government politely rebuffed his attempts to meet detained opposition leader Aung San Suu Kyi in Yangon last weekend.

Aussie businessman faces expulsion

Aussie businessman faces expulsion PADANG, West Sumatra: Provincial authorities have threatened to revoke the working permit of Australian Rick Camerron for allegedly misusing the name of Governor Zainal Bakar to promote his surfing company on Mentawai island.

Unrest in RI, RP not to spread: KL

Unrest in RI, RP not to spread: KL KUALA LUMPUR (AP): Malaysia's defense minister said on Thursday he was not worried that political instability in neighboring Indonesia and the Philippines could spill over into Malaysia.

KL palm oil higher, covering persists

KL palm oil higher, covering persists KUALA LUMPUR (Reuters): Malaysian palm oil futures ended mostly higher on Thursday in anticipation of further rises in Chicago and positive news from this month's visit by Indian Prime Minister Atal Behari Vajpayee, traders said.

Gramedia bookstores remove 'leftist' titles from shelves

Gramedia bookstores remove 'leftist' titles from shelves JAKARTA (JP): Gramedia, the country's largest bookstore chain, is removing books on communism from its shelves in response to threats from anticommunist groups who threatened to raid the stores and burn the books.

APP clarifies collateral pledge

APP clarifies collateral pledge JAKARTA (JP): Asia Pulp & Paper Co. (APP) announced on Thursday additional information regarding the impact of the previously announced settlement agreement among the controlling shareholders of the Sinar Mas Group and the Indonesian Bank Restructuring Agency on APP...

Kostrad chief visits border

Kostrad chief visits border ATAMBUA, East Nusa Tenggara: The Army Reserve Strategic Command chief Lt. Gen. Ryamizard Ryacudu visited the border between East Timor and East Nusa Tenggara on Thursday.Ryamizard said his visit was to inspect the latest security conditions between the two territories.

KPEN warns govt not to overtax businesses

KPEN warns govt not to overtax businesses JAKARTA (JP): The National Economic Recovery Committee (KPEN) urged the government on Thursday not to burden local companies with more taxes in its efforts to reduce the widening deficit in the country's state budget.

No Olympic bid for silat, official says

No Olympic bid for silat, official says JAKARTA (JP): The International Pencak Silat Federation (Persilat) refuted reports that it would bid to have the Indonesian martial art included in the Olympic Games.

RI wood exports may fall short

RI wood exports may fall short JAKARTA (JP): The Ministry of Industry and Trade warned on Thursday Indonesia might not be able to reach the 10 percent growth target for its wood products exports this year due to weak market demand, following the global economic slowdown.

Vietnam slams U.S. for trade

Vietnam slams U.S. for trade HANOI (AFP): Vietnam on Thursday denounced a recommendation by a U.S. federal commission that the U.S. Congress link ratification of a free trade pact to Hanoi making progress in allowing religious freedom.

Gus Dur plans Thai visit to boost trade

Gus Dur plans Thai visit to boost trade JAKARTA (JP): Palace officials on Thursday confirmed that President Abdurrahman "Gus Dur" Wahid was going ahead with a visit to Thailand later this month despite being caught in a battle for his political survival.

Chandra Asri debt workout approved

Chandra Asri debt workout approved JAKARTA (JP): After 19 months of tedious negotiations and high-level lobbying, the government has managed to persuade Japan's Marubeni Corp. to agree to its latest proposal to restructure the massive debt of petrochemical giant PT Chandra Asri.

Full facilities in troubled areas prepared for judges

Full facilities in troubled areas prepared for judges JAKARTA (JP): Supreme Court Deputy Chief Justice M. Taufiq noted on Thursday that the government was preparing full facilities for judges who would be deployed to troubled areas, so that they would feel comfortable and not run away like their...

Petronas wins Sudan contract

Petronas wins Sudan contract KUALA LUMPUR (Reuters):- Malaysian state oil company Petroliam Nasional Bhd said on Thursday it had won an exploration and production contract in Sudan as part of a group of companies.

PDI-P leadership

PDI-P leadership Virtually all the major political parties have warmed to the initiative of the Indonesian Democratic Party of Struggle (PDI Perjuangan) for their leaders to meet to discuss the future of the nation.

Prijadi ill, budget debate delayed

Prijadi ill, budget debate delayed JAKARTA (JP): The government has delayed the deliberation of the revised 2001 state budget with the House of Representatives on account of the finance minister Prijadi Praptosuhardjo taking ill, according to Coordinating Minister for the Economy Rizal Ramli.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 3, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,150 50 187,000 Adindo Foresta 95 0 4,000 AGIS 140 -5 3,042,500 Alakasa 90 0 0 Alfa...

Parties eye more than reshuffle

Parties eye more than reshuffle JAKARTA (JP): Major political parties stressed here on Thursday that they wanted more than a mere Cabinet reshuffle from embattled President Abdurrahman Wahid.House of Representatives Speaker Akbar Tandjung said major factions in the House preferred a full delegation...

Citibank disappointment

Citibank disappointment I am writing this letter as a result of frustration with Citibank Indonesia. On March 6, I had my office call the Citibank Customer Service Department and ask for written confirmation (in English) regarding the workings of the "Easypay" system as I was unable to get a clear...

President Arroyo meets with Estrada

President Arroyo meets with Estrada MANILA (Reuters): Philippine President Gloria Macapagal Arroyo met her detained predecessor Joseph Estrada on Thursday just three days after security forces stopped his supporters storming the presidential palace.

Ongko, Samadikun leave detention

Ongko, Samadikun leave detention JAKARTA (JP): The Attorney General's Office released on Thursday businessmen Kaharudin Ongko and Samadikun Hartono, both suspects in bank scams, from their detention and placed them under house arrest instead.

Utut still has shot at World Chess C'ship

Utut still has shot at World Chess C'ship JAKARTA (JP): Grand Master (GM) Utut Adianto still has a chance of winning a ticket to the World Chess Championship although he failed in the 32 a Asian Zonal Championship in Manila on Monday.

Police release all Suripto's personnel

Police release all Suripto's personnel JAKARTA (JP): City police have released three men arrested on Monday for illegal possession of weapons allegedly under the employ of former secretary-general of the forestry ministry, Suripto.

ASEAN 'to accelerate' free trade links outside region

ASEAN 'to accelerate' free trade links outside region SIEM REAP, Cambodia (AFP): Southeast Asian economic ministers agreed Thursday to accelerate efforts to expand free trade links with their northern and southern neighbors in order to protect themselves from the US-induced global slowdown.

Rupiah rate May 3

Rupiah rate May 3 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,615.00 11,615.00 11,059.00 11,171.00Australian dollar 1 5,527.23 6,053.74 5,758.42 5,822.33Austrian schilling 1 691.12 756.65 720.02 727.72Belgian franc 1 235.75 258.10 245.61 248.

No ecstasy in solving drug problems: Surjadi

No ecstasy in solving drug problems: Surjadi JAKARTA (JP): Indonesia now has the notorious distinction of being a drug exporting country, particularly in the illegal production and distribution of ecstasy pills.

RI secures slot in Asia Cup semis

RI secures slot in Asia Cup semis JAKARTA (JP): Indonesia secured a semifinal ticket to the US$170,000 Asia Cup after continuing its winning streak by defeating Hong Kong 3-0 in the second Group A round-robin match at the Singapore Indoor Stadium on Thursday.

RI pepper exports rise

RI pepper exports rise JAKARTA (JP): Indonesian pepper exports increased slightly between January and March to 5,659 metric tons from 5,510 tons during the same period last year, the International Pepper Community reported.

Some visits to detained activists in KL allowed

Some visits to detained activists in KL allowed KUALA LUMPUR (Agencies): Malaysian police have started allowing wives of activists detained since last month under the country's tough security laws to visit them, a leader of a human rights group said on Thursday.

Cibinong stalls destroyed by mobs

Cibinong stalls destroyed by mobs BOGOR (JP): Tens of street-side stalls and kiosks at Cibinong market, Bogor regency, were raised to the ground by angry mobs on Wednesday night.Witnesses said that owners of the stalls and kiosks, aided by local thugs, tried to stop the mobs from moving in to...

Scurrying for a face-saving measure

Scurrying for a face-saving measure Can supporters of President Abdurrahman Wahid save him now? Political analyst Mochtar Mas'oed of Gadjah Mada University in Yogyakarta shares his views in these excerpts from an interview: Question: The House of Representatives has finally censured President...

PT Timah surveys for tin in Vietnam

PT Timah surveys for tin in Vietnam JAKARTA (AFP): Indonesia's state tin mining company PT Timah Tbk has sent an exploration team to Vietnam, a company spokesman said Thursday.The team will conduct a joint geological survey of mineral resources in nearshore and offshore areas off Vietnam until the...

RI soccer team prepares for hostile crowd

RI soccer team prepares for hostile crowd JAKARTA (JP): Playing only the second away match of its 2002 Wold Cup qualifying campaign on Sunday, the Indonesian soccer team is wary of host Maldives' supporters.

Sutiyoso proposes new structure

Sutiyoso proposes new structure JAKARTA (JP): City Governor Sutiyoso officially proposed a new bylaw to the City Council on Thursday on a revised organizational structure for the city administration that will remove the new governor's power to take administrative action against city officials.

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. * Painting Bersama Perempuan Menuju Abad 21, Sahid Jaya Hotel, Jl. Jend. Sudirman no. 86, Central Jakarta, May 4. * Painting by Rusli, Galeri Lontar, Jl.

Six die in C. Java accident

Six die in C. Java accident BOYOLALI, Central Java: Six people were killed in a traffic accident near the village of Teras in Mojosongo district, Boyolali, Central Java on Thursday evening.Boyolali Police chief Adj. Sr. Comr. V.

Canada confirms bar dumping

Canada confirms bar dumping OTTAWA (Dow Jones): The Canada Customs and Revenue Agency confirmed that certain concrete reinforcing bar products from Indonesia, Japan, Latvia, Moldova, Poland, Taiwan and Ukraine were dumped into Canada at an average of 30 percent below normal price levels.

Students rob bus passengers

Students rob bus passengers BEKASI (JP): Eight armed high school students robbed on Thursday several passengers on a bus plying the Bekasi - Pulogadung route.One of the students was immediately arrested by a policeman who, by coincidence, was passing by the bus robbery, which took place in front of...

Time for RI to humanize security

Time for RI to humanize securityBy Makmur Keliat JAKARTA (JP): Following the fall of Soeharto in May 1998, discussion of the need for constitutional reform, new electoral laws and decentralization have continued unabated.

Investigation into Ginandjar graft case halted

Investigation into Ginandjar graft case halted JAKARTA (JP): The Attorney General's Office has decided to halt an investigation into corruption charges against former minister of mines and energy Ginandjar Kartasasmita, pending the verdict of the Supreme Court over its objection to a lower court...

Nokia opens 16th retail outlet

Nokia opens 16th retail outlet JAKARTA (JP): Nokia Mobile Phones Indonesia opened its 16th retail outlet at Mal Taman Anggrek on Thursday to further increase service to its mobile phone users, Nokia's general manager for Indonesia Shaun Colligan said.

40 venues for KL SEA Games

40 venues for KL SEA Games JAKARTA (JP): The organizing committee of the Kuala Lumpur Southeast Asian Games will use 40 venues to host the biennial event from Sept. 8 to Sept. 17.Bernama reported that the venues would be located in Penang, Johor, Klang Valley and Negeri Sembilan.

Route change causes traffic jam

Route change causes traffic jam JAKARTA (JP): Officials took on one of the city's traffic problem areas on Thursday to poor results, with cars backed up from Jl. Asia Afrika to Jl. Hang Tuah in Senayan, Central Jakarta.Private vehicles on Jl.

JSX considers bonds to finance remote trading

JSX considers bonds to finance remote trading JAKARTA (JP): The Jakarta Stock Exchange (JSX) plans to issue bonds or commercial papers worth up to Rp 23.5 billion (US$2.11 million) to help finance the development of its remote trading system this year.

Malaysia eases restrictions to boost property market

Malaysia eases restrictions to boost property market KUALA LUMPUR (AP): More foreigners will be allowed to buy real estate in Malaysia under new guidelines announced Thursday to boost the property market.

I'm no Arroyo: Megawati

I'm no Arroyo: Megawati JAKARTA (JP): Despite the many similarities she shares with Gloria Macapagal-Arroyo, Vice President Megawati Soekarnoputri refused on Thursday any comparison with the Philippines president.

Political compromise

Political compromiseFrom Media IndonesiaPresident Abdurrahman Wahid, or Gus Dur as he is familiarly known, was, as we all know, brought up in a strict Javanese and Islamic environment, and he certainly comprehends fully their philosophy, including the words of wisdom, "Don't burn the candle at both...

France invites RI amateur boxers

France invites RI amateur boxers JAKARTA (JP): Local amateur boxers were given a rare opportinity to enrich their skill when France invite them for an exhibition in Indian Oceania Festival, an official said on Thursday.

Angklung master Mang Udjo dies

Angklung master Mang Udjo dies Udjo Ngalagena, a noted artist who dedicated much of his life to the traditional Sundanese bamboo music angklung, died early on Thursday at the age of 72.He was buried later in the day in a cemetery near his home in Sirnagalih village in Paduka, Bandung.

Bulog considers nontariff barrier to curb rice imports

Bulog considers nontariff barrier to curb rice imports JAKARTA (JP): The State Logistics Agency (Bulog) is considering imposing nontariff barriers on rice imports in a bid to protect local farmers, according to Bulog chief Widjanarko Puspoyo.

185 Afghans stranded in Bima

185 Afghans stranded in Bima BIMA, West Nusa Tenggara: A boat carrying 185 illegal immigrants from Afghanistan on Wednesday drifted ashore in Pusu Waworanda Bay on Sumbawa island, some 65 kilometers south of here, Antara reported.

PSN restructures debts

PSN restructures debts JAKARTA (JP): Satellite communications provider PT Pasifik Satelit Nusantara (PSN) has won approval from its creditors to restructure its US$213 million debts.The company said on Thursday that its creditors including the Indonesian Bank Restructuring Agency (IBRA), Bank...

RI diplomats to benefit from French scholarships

RI diplomats to benefit from French scholarships JAKARTA (JP): The French government has granted scholarships for young Indonesian diplomats hone their diplomatic skills and study the French language.The scholarship cooperation agreement was signed here on Thursday by Ministry of Foreign Affairs...

500 street traders protest raid

500 street traders protest raid JAKARTA (JP): A newspaper deliver boy joined about 500 street traders in a rally at the City Council on Thursday, demanding the council help restore their right to do business on Jakarta streets.Unfurling banners and posters, one of them reading "Jakarta for all.

Military rejects delegating security matters to Aceh

Military rejects delegating security matters to Aceh JAKARTA (JP): The Indonesian Military (TNI) and National Police have rejected a proposal to give the Aceh provincial government authority for security arrangements within the troubled province.TNI Chief Adm. Widodo A.S.