Indonesian Political, Business & Finance News

Archive: 1 June 2001

57 articles found

Thailand concerned at tension in Indonesia

Thailand concerned at tension in Indonesia BANGKOK (Agencies): Thailand said on Thursday it was deeply concerned about political tension in Indonesia and hoped for a quick resolution to preserve regional stability. Foreign ministry spokesman Norachit Sinhaseni said in a statement that Thailand was worried that Indonesia's troubles could destabilize the rest of the Association of Southeast Asian Nations (ASEAN).

Arianespace eyes 'Telkom-2' satellite launch

Arianespace eyes 'Telkom-2' satellite launch JAKARTA (JP): French satellite launcher company Arianespace expects PT Telkom to open a new round of negotiations over its offer to launch the state-owned telecommunications company's new satellite. Arianespace director of the ASEAN representative office Richard Bowles said here on Thursday that talks over the launch of Telkom-2 satellite had taken place in past years but had been suspended after the financial crisis hit Indonesia in late 1997.

'Blood' flows in Yogyakarta 'Bekakak' tradition

'Blood' flows in Yogyakarta 'Bekakak' tradition By Bambang M and M. Perreira Mesquita AMBARKETAWANG, Yogyakarta (JP): All the crowd wanted was blood. They milled restlessly on a sultry day in early May in Ambarketawang Limestone Preserve, which is deserted and quiet most of the time except for the chirping of birds. Then the time came for the sacrifice.

Koehler uneasy with recent RI political moves

Koehler uneasy with recent RI political moves HONG KONG (Dow Jones): International Monetary Fund (IMF) Managing Director Horst Koehler on Thursday expressed discomfort with recent political moves in Indonesia, but pledged his willingness to work with any new policy makers put forward in the country. The Indonesian parliament's effort to oust the country's first democratically elected president, Abdurrahman Wahid, is a "tragedy clearly," Koehler told Dow Jones Newswires in Hong Kong.

Minister seeks more access for women into politics

Minister seeks more access for women into politics JAKARTA (JP): The government wants to see more women in policy-making institutions, claiming their presence is a prerequisite for desirable development in the country. State Minister for Women's Empowerment Khofifah Indar Parawansa, stressing the importance of developing gender perspectives among policy-makers in the legislature, has proposed that a minimum quota for woman legislators be enshrined in electoral law.

Dispute rages as Malaysian Chinese party buys papers

Dispute rages as Malaysian Chinese party buys papers KUALA LUMPUR (Agencies): A controversial takeover of two newspapers by Malaysia's main Chinese political party was completed on Thursday while opponents appealed to Prime Minister Mahathir Mohamad to block the deal. Some 245 Chinese associations petitioned Mahathir to stop the Malaysian Chinese Association (MCA), a member of his ruling coalition, from taking over two Chinese language dailies.

'Dangdut' delirium and belly dancing at De Leila Pub

'Dangdut' delirium and belly dancing at De Leila Pub JAKARTA (JP): It was a Wednesday evening, the eve of a public holiday, and a couple of Australian friends I had staying with me (their first time in Indonesia) were beginning to show clear and present signs of boredom, as evidenced by their constant whinging. Seeing that the writing was on the wall, I decided it was high time to take them out on the town for the night.

Special session to be held on Aug. 1

Special session to be held on Aug. 1 JAKARTA (JP): Indonesians can expect to know by the second week of August if they will be swearing in their third president in two years, or whether a political compromise has been struck to extend the life of President Abdurrahman Wahid's administration. The valuation comes after legislators set Aug.

Tjiwi Kimia to pay interest late

Tjiwi Kimia to pay interest late JAKARTA (Dow Jones): PT Pabrik Kertas Tjiwi Kimia, a unit of financially troubled Asia Pulp & Paper Co. (APP), will make a late interest payment to its rupiah bondholders June 5, the company said Thursday. "We will make the payment on June 5," said Yan Partawidjaya, spokesman of Asia Pulp & Paper, after a meeting with Tjiwi Kimia's bondholders.

Terror continues at Budiman's village

Terror continues at Budiman's village BOGOR (JP): There was a second explosion at the house of the parents of Budiman Sudjatmiko, chairman of the People's Democratic Party (PRD), in the village of Sukaresmi here on Thursday, following an explosion a day earlier. The second explosion, smaller than the first blast, left a hole as big as a man's fist in the ground and the smell of sulfur hanging in the air. A neighbor, Sujiman, 50, said he saw a flare at the same time the explosion was heard.

Regional oil production to dwindle in 5-10 years

Regional oil production to dwindle in 5-10 years SINGAPORE (Reuters): Oil production in Asia Pacific will decline over the next 5-10 years as key oilfields reach maturity with few new major finds to replace them, oil analysts said on Thursday. Developing gas markets and high oil prices may hold some incentive for exploration but new oil prospects in Asia are dim, they said.

Pasuruan gradually returns to normal after violence

Pasuruan gradually returns to normal after violence SURABAYA (JP): As many as 150 people were reported missing in the town of Pasuruan on Thursday as life gradually returned to normal following an interfaith meeting between senior local ulemas and Christian clergymen on Wednesday evening. Respected ulemas from Nahdlatul Ulama (NU), including KH Mas Subadar, KH Mujib Imron, KH Abdul Halim and KH Zainuri, and clergymen agreed to join hands to stop all violence and mass rallies.

Sukarno legacy lives on 30 years after

Sukarno legacy lives on 30 years after The centennial anniversary of the birth of founding father and first president Sukarno falls on June 6, for which The Jakarta Post is publishing a number of articles and interviews. The following is an excerpt from an interview with John Legge, former professor of history at Monash University and dean of the Faculty of Arts, who spoke to contributor Dewi Anggraeni in Melbourne.

PT KAI to build double-track railway

PT KAI to build double-track railway BANDUNG: In a bid to overcome the busy Cikampek-Cirebon line, the state-run railway company PT KAI plans to build a 160- kilometer double-track railway for the route which will be ready for operation in two years time. The company spokesman Gatot Wibowo said here on Thursday the route is currently passed by around 104 trains daily. The single track railway cannot accommodate the busy commuting route.

A critical moment for democracy

A critical moment for democracy President Abdurrahman Wahid has issued an order to Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono to take the necessary measures to prevent anarchy. However, Abdurrahman has failed to condemn the acts of violence committed by his supporters. He hasn't even appealed to his supporters in East Java to stop the violence against other people and public facilities.

Best outcome

Best outcome One of the most frequently asked questions now that the House of Representatives has called for a special session of the People's Consultative Assembly is what will happen to Indonesia between now and when that meeting actually takes place, assuming that it does take place at all. All things being equal, the Assembly will hold its meeting within these next two months. The Assembly will ask for President Abdurrahman Wahid's accountability.

LNG June supply to South Korea and Japan safe, says Pertamina

LNG June supply to South Korea and Japan safe, says Pertamina JAKARTA (JP): Pertamina's president Baihaki Hakim said here on Thursday that the state-owned oil and gas company would be able to fulfill its liquefied natural gas (LNG) export commitment for June to Japan and South Korea, although the Arun LNG plant in Aceh was still unable to resume operations.

Asia coffee sees few offers as LIFFE touches new lows

Asia coffee sees few offers as LIFFE touches new lows SINGAPORE (Reuters): The Asian physical robusta coffee market is almost at a standstill despite Indonesia hitting its peak harvest season because London futures, at fresh 30-year lows, are discouraging suppliers everywhere, traders said on Thursday. "We should be in the peak season. But the coffee flow is very poor," said a trader based in Lampung, Sumatra.

Schneider, BPPT sign deal

Schneider, BPPT sign deal JAKARTA (JP): Electrical controls and equipment manufacturer PT Schneider Indonesia signed an agreement on Thursday with the Agency for Research and Application of Technology (BPPT) to provide technology for the processing of palm oil. The agreement was signed by BPPT's director for research and application of information technology and electronics Sulistyo and Schneider's managing director Eddy Tjahja.

Asian currencies higher late, as yen climbs against dollar

Asian currencies higher late, as yen climbs against dollar SINGAPORE (Dow Jones): Asian currencies got a respite from recent dollar strength Thursday, rallying across the region in line with the yen's rise against the U.S. currency and the euro. Local developments also played a role, with Indonesian politics helping the rupiah and prospects for higher interest rates in Thailand providing support for the baht. The yen's climb was more the result of a weak euro than anything else dealers said.

Pro Gus Dur demo passes off peacefully

Pro Gus Dur demo passes off peacefully JAKARTA (JP): Thousands of supporters of President Abdurrahman Wahid, who had protested in front of the House a day earlier, assembled in front of the Presidential Palace in Central Jakarta on Thursday to pledge their allegiance.

Why churches and schools?

Why churches and schools? At least three churches and several schools were attacked and vandalized in the recent violence in several towns of East Java. High school students were sitting for their national exams when their schools were attacked.

Gus Dur's lawyer pans Court's legal opinion

Gus Dur's lawyer pans Court's legal opinion JAKARTA (JP): A lawyer of President Abdurrahman Wahid expressed his regret over the Supreme Court's refusal to give a legal opinion on the legality of a special session of the People's Consultative Assembly.

Patients seek lower prices for HIV drugs

Patients seek lower prices for HIV drugs JAKARTA (JP): "I hate to admit this. But, I'd rather let my child die because I cannot afford his treatment any longer," a father whose 21-year-old son is infected with Human Immuno- deficiency Virus (HIV) said on Thursday, almost in tears. "I'm not a rich man.

Labor-employer relationship

Labor-employer relationship From Media Indonesia The relationship between a laborer and employer started when European landlords hired farmers to till their vast property. This was developed by the industrial revolution so that laborers were not only peasants but also factory workers. There was a counter version in this relationship as there were conflicts of interests. Employers wanted to increase profits to finance their establishments, while laborers wanted reasonable wages.

Indonesian busted in Pakistan

Indonesian busted in Pakistan JAKARTA (JP): An Indonesian woman has been arrested in Karachi, Pakistan, allegedly with four kilograms of heroin, a top city police detective told The Jakarta Post on Thursday. The officer, who requested anonymity, identified the woman as Diana Silviningrum, 29. He added that the Indonesian national had been detained by the Karachi police since early this week.

Alco to face Yuso

Alco to face Yuso in volley semis SEMARANG (JP): Alco Telkom of West Java defeated Garuda of Central Java 3-1 (25-17, 21-25, 25-15, 25-13) in the National Inter-club Volleyball Championships women's semifinals at the Jati Diri sports hall here Thursday. Alco will face Yuso of Yogyakarta on Friday's final. Yuso reached the semifinals after eliminating Sphinx of East Java 3-1 (25-20, 15-25, 25-19, 25-13).

Stray bullet wounds tofu vendor

Stray bullet wounds tofu vendor JAKARTA (JP): A tofu vendor was shot in the leg while passing along Jl. Rempang Block C in Jati Makmur naval housing complex, Pondok Gede, Bekas, on Thursday. Adang, the 32-year-old vendor, was immediately taken to Bekasi General Hospital by local resident Komarudin. Komar told journalists at the hospital emergency unit that Adang was selling tofu in the complex when he felt a sudden pain in his left calf.

Honda to base minivan production in RI

Honda to base minivan production in RI TOKYO (Nikkei) Honda Motor and Toyota Motor Corp. will overhaul plants in Southeast Asia in time for the 2002 start of the ASEAN Free Trade Area agreement, which lowers tariffs on all imports to 5 percent or less. The automakers will reorganize plants in the region mainly serving the Japanese market to become exporters to members of the Association of Southeast Asian Nations.

Court hearings over in Thai PM's corruption trials

Court hearings over in Thai PM's corruption trials BANGKOK (AP): Hearings in Prime Minister Thaksin Shinawatra's corruption trial ended on Thursday, leaving him to make his final pitch for innocence in a closing statement next month. "I am very happy ... that the trial has come to its conclusion," Thaksin told reporters. He said he will be able to concentrate on government work once the Constitutional Court hands down its verdict, expected in late June or early July.

House asks govt to drop VAT increase

House asks govt to drop VAT increase JAKARTA (JP): Legislators asked the government on Thursday to drop the plan to raise value added tax (VAT) to 12.5 percent from 10 percent as it would burden people from the lower income bracket and would have a serious impact on the overall economy. Legislators said that the government should instead focus on intensifying income tax collection from people of a higher income bracket to help keep the 2001 state budget deficit at a safe level.

Talk of a state of emergency continues

Talk of a state of emergency continues JAKARTA (JP): Controversy over the issuance of state of emergency continued, as President Abdurrahman Wahid sent out conflicting signals over the matter following a call from the House of Representatives for a special session. Despite his repeated denial and objections from military officials and ministers, Abdurrahman hinted several hours after the House's decision that he would take stern action to deal with the situation.

Uprooting the New Order

Uprooting the New Order From Forum Keadilan It is popular these days to discuss how to eradicate the New Order. As nearly everyone agrees the New Order is rooted in militarism, some people have opined that militarism should be crushed. Strangely, militarism is still alive and kicking among us. It has even seemingly gained strength. Evidence of this is the military style adopted by civilian organizations.

Five die in Bandung jail

Five die in Bandung jail BANDUNG, West Java: Five detainees at Kebonwaru Prison in Bandung have died in the last two months allegedly due to poor health services at the penitentiary, Antara reported on Thursday. A source at state-run Hasan Sadikin General Hospital cited results of the detainees' postmortem examinations, which revealed that the five people were suffering from bronchitis and sinusitis. The detainees were hospitalized after receiving treatment at the penitentiary's health clinic.

Govt issues new decree on labor

Govt issues new decree on labor JAKARTA (JP): Minister of Manpower and Transmigration Al-Hilal Hamdi issued a new decree on Thursday only to uphold the previous decree that had sparked protests and caused contention between workers and employers. Labor unions, however, rejected the new decree as it did not satisfy their demands and they vowed to go on national strike on June 6. The new Decree No. 111/2001, dated May 31, does not differ much with the controversial Decree No.

City invites an open billboard tender

City invites an open billboard tender JAKARTA (JP): The city administration is inviting companies and advertising agencies to join an open tender for 163 spots for billboards in the city. City spokesman Muhayat said here on Thursday that the new policy was taken after acknowledging that in the past the empty spots for billboards had been "awarded" to certain parties.

No more deal reviews after Guthrie deal, says IBRA

No more deal reviews after Guthrie deal, says IBRA JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) assured on Thursday it had no plans to review other or future deals over the sales of its assets, while noting that the review of the sale of oil palm plantations to Malaysia's Kumpulan Guthrie Bhd. was just an exception. IBRA chairman Edwin Gerungan explained that the review of the Guthrie deal followed demands from legislators, who questioned the fairness of the deal.

Marein expects 22.7% rise in premium income

Marein expects 22.7% rise in premium income JAKARTA (JP): Publicly listed reassurance company PT Maskapai Reasuransi Indonesia (Marein) expects a significant increase in its reassurance business despite the bleak outlook in the nonlife insurance service. Marein president R.A.Wuwungan said on Thursday that the company predicted an increase of 22 percent in premium income to Rp 115 billion (US$10.17 million) this year from last year's Rp 93.70 billion.

Indonesia shocks Denmark to face Korea in semis

Indonesia shocks Denmark to face Korea in semis JAKARTA (JP): Third ranked Indonesia shocked the 1999 runner- up Denmark 3-2 in the Sudirman Cup mixed-team championship round- robin match in Seville, Spain on Wednesday. Indonesia, which now tops Group B, will face dark horse South Korea in Friday's semifinals while Denmark will challenge defending champion China, which is aiming to bring home the trophy for the fourth time. Mighty China whitewashed Korea 5-0.

Jasa Tirta proposes new water canal

Jasa Tirta proposes new water canal JAKARTA (JP): State-owned water company Perum Jasa Tirta II said on Thursday that it planned to build a new canal worth Rp 2.8 trillion (US$254 million) to supply water to the capital following the collapse of a portion of one of the banks of the West Tarum Canal. "We plan to build a second canal as an alternative to the West Tarum Canal so as to avoid such an accident happening again," the firm's technical director, Sri Hernowo, told Antara.

GAM deputy chief charged with weapons possession

GAM deputy chief charged with weapons possession MEDAN, North Sumatra (JP): The Medan District Court, under heavy security, began on Thursday the trial of Ligadinsyah, alias Azis bin Ibrahim Linggo, believed to be the deputy commander of the Free Aceh Movement (GAM) for the Central Aceh area. In the 35-minute proceedings, prosecutor Nasril N. said that Ligadinsyah, along with the Central Aceh GAM commander Ilham I.

Philippine GDP growth slows

Philippine GDP growth slows MANILA (Reuters): The Philippines economy put in its worst performance in two years in the first quarter, hit by political volatility at home, a dip in global demand for electronics products and a slowdown in the United States. The government said GDP growth was 2.5 percent year-on-year in the first quarter, down from a revised 3.8 percent in the fourth quarter of 2000.

Pasuruan

Pasuruan Pasuruan gradually returns to normal after violence. Page 2 New canal State-owned water firm proposes new canal worth Rp 2.8t Page 3 Sukarno Sukarno legacy lives on 30 years after. Page 5 Badminton Indonesia shocks Denmark to face Korea in semis. Page 6 Tradition 'Blood' flows in Yogyakarta 'Bekakak' tradition.

Court hears Abdurrahman's testimony in 'Buloggate'

Court hears Abdurrahman's testimony in 'Buloggate' JAKARTA (JP): The written testimony of President Abdurrahman "Gus Dur" Wahid about the Rp 35 billion Bulog scandal was again read out in court on Thursday, this time in the trial of his former masseur.

Rupiah rate May 31

Rupiah rate May 31 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

PSSI turns a profit in W. Cup qualifying match

PSSI turns a profit in W. Cup qualifying match JAKARTA (JP): The Soccer Association of Indonesia (PSSI) had a thicker wallet after receiving Rp 167,114,000 (US$15,000) in profit from hosting the 2002 World Cup prequalifying match against China at Bung Karno stadium in Senayan complex here on Sunday. PSSI spokesman Eddi Elison said PSSI earned Rp 397.1 million revenue from selling 60,000 tickets for the May 27 match. PSSI spent some Rp 230 million in hosting the qualifier.

U.S. Dollar Rates May.31

U.S. Dollar Rates May.31 Latest Previous %Change Yen 119.01-06 120.32-42 -1.09 Euro* 0.8481-83 0.8567-72 -1.00 British Pound 1.4178-81 1.4264-74 -0.60 Swiss Franc 1.7932-37 1.7776-86 +0.88 Canadian Dollar* 1.5502-12 1.5432-42 +0.45 Australian Dollar* 0.5066-71 0.5126-31 -1.17 New Zealand Dollar 0.4106-13 0.4163-70 -1.37 Deutsche Mark 2.3056-61 2.2816-30 +1.05 Czech Koruna 40.318-47 39.831-61 +1.22 Hungary Forint 299.03-39 295.95-37 +1.04 Danish Krone 8.7884-24 8.6983-37 +1.04 Norwegian Krone...

Fund managers avoid SE Asia

Fund managers avoid SE Asia HONG KONG (Dow Jones): Southeast Asian markets have long fallen off the radar screens of many fund managers, to the point that even civil uprisings, kidnappings, the impeachment of a president and the firing of a central bank governor in any of these countries don't make a big difference in terms of fund flows. "We've seen so many things happen over the years that nothing shocks us.

New art talent Triany tells her soul stories in debut show

New art talent Triany tells her soul stories in debut show By Pavan Kapoor JAKARTA (JP): Triany Savitri had reached a phase where she needed to just glide along the blue skies of life and dream. After leaving her hotel management job she felt a desire to detoxify, search for a new identity and find herself all over again. Twiddling thumbs, she reached Bandung where she started painting under the tutelage of an uncle who is an artist.

Two dead after head-on collision

Two dead after head-on collision LARANTUKA, East Nusa Tenggara: Two people were killed and six others suffered minor injuries when a public intercity bus crashed with a truck in the village of Nobo, Wulang Gitang district, on Wednesday. Local residents, who evacuated the injured passengers, said both drivers of the vehicles fled the scene shortly after the collision took place.

G-15 nations close ranks to brave world economy

G-15 nations close ranks to brave world economy JAKARTA (JP): Governments under the Group of 15 nations ended on Thursday their two-day summit with calls for a united front to defend the interests of the world's developing countries amid the increasingly fast efforts to globalize economies. The Jakarta declaration of the G-15 11th summit urged members for closer cooperation, and more concrete actions, noting that little had improved to their benefit while global economies kept merging.

ASEAN discusses ethics, corruption

ASEAN discusses ethics, corruption HANOI (AP): Officials from the Association of Southeast Asian Nations finished two days of talks on Thursday on how to improve the ethics of government employees in their countries, an organizer said.

G-15 leaders call for enhanced cooperation on ICT

G-15 leaders call for enhanced cooperation on ICT JAKARTA (JP): The two-day 11th annual summit of the Group of 15 developing nations (G-15) ended on Thursday with a declaration calling for an end to the so-called digital divide. Following is the full text of the declaration: 1.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on May 31, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,650 -25 996,000 Adindo Foresta 120 0 62,500 AGIS 140 0 924,500 Alakasa 125 0 0 Alfa Retailindo 1,100 0 117,500 Alter Abadi 90 0 0 Alumindo Light 600 25 6,000 Andhi Chandra 1,700 0 0 Aneka Kimia Raya 145 0 0 Aneka Tambang 900 -25 602,000 Apac Citra 310 10 28,000 Aqua Golden 13,000 500...

Olympian Takahashi to race in Bali 10K run

Olympian Takahashi to race in Bali 10K run JAKARTA (JP): The 2000 Sydney Olympic women's 10,000 meters gold medalist, Naoko Takahashi of Japan, will run in the Indonesia Power 10K in Bali in October. The chief of the organizing committee, Abdul Aziz Hasan, said during a media conference on Thursday that Takahashi, who also won the 1998 Asian Games marathon gold medal, has confirmed her participation in the event. "Naoko has confirmed that she will take part in the event.

MPR secretariat prepares election of vice president

MPR secretariat prepares election of vice president JAKARTA (JP): The secretariat of the People's Consultative Assembly (MPR) has completed its studies on the mechanisms for an MPR special session, including the procedures for the election of the vice president. The secretariat said the special session should be convened two months after the MPR working committee commences its first meeting to prepare an agenda for the special session.

PT Semen Gresik to only issue 50% of planned bonds

PT Semen Gresik to only issue 50% of planned bonds JAKARTA (JP): Publicly listed cement producer PT Semen Gresik will only issue half of its planned Rp 1.2 trillion, due to the unfavorable condition in the local bond market, the company's president, Urip Timuryonohere said on Thursday. "With the current weak market, we have no other choice but to reduce our bond issuance," Urip told a media conference after a business presentation with potential bond buyers.