Indonesian Political, Business & Finance News

Archive: 2 June 2001

66 articles found

Govt close to agreement with IMF over BI law

Govt close to agreement with IMF over BI law JAKARTA (JP): The government is close to an agreement with the International Monetary Fund over the disputed amendment of the central bank law, according to a senior government official.

MPR tasks Ad Hoc for special session

MPR tasks Ad Hoc for special session JAKARTA (JP): The People's Consultative Assembly's Working Committee decided on Friday not to establish special committees, instead assigning its Ad Hoc subcommittees to make preparations for the special session.

Megawati pledges to uphold national unity

Megawati pledges to uphold national unity BANDUNG (JP): Vice President Megawati Soekarnoputri stated on Friday that she would not tolerate the call for freedom in several parts of the country, saying that it was a country's right to maintain its territorial integrity.

Beyonics to buy PCBA in Batam

Beyonics to buy PCBA in Batam SINGAPORE (AFX-ASIA): Beyonics Technology Ltd, formerly Uraco Holdings Ltd, said it has agreed to buy Seagate's printed circuit board assembly (PCBA) operations in Batam, Indonesia.

Faith put Kampung Sawah on the map

Faith put Kampung Sawah on the mapBy Ida Indawati Khouw Most cities have enclaves where people sharing the same beliefs, ethnic backgrounds or values come together. In predominantly Muslim Old Batavia, the Dutch colonial government established an area especially for the minority local Christian...

Conservation of historic building remains in limbo

Conservation of historic building remains in limbo JAKARTA (JP): It has been four years since the historic Candra Naya mansion at Jl. Gajah Mada No. 188 in Central Jakarta was abandoned after conservation work stopped in 1997.

Students take stage as Gus Dur's supporters leave

Students take stage as Gus Dur's supporters leave JAKARTA (JP): Rallies in support of beleaguered President Abdurrahman Wahid took a totally different turn on Friday when militant groups of students took to the street in the place of his die-hard supporters, who started leaving the city for their...

Fire razes 34 houses in Ancol

Fire razes 34 houses in Ancol JAKARTA (JP): At least 34 houses in the urban villages of Walang and Lodan in Ancol, North Jakarta, were burned to the ground on Friday, causing estimated losses of hundreds of millions of rupiah.

Teater Yuka's 'Bisu-in-Blue' says that all we need is love

Teater Yuka's 'Bisu-in-Blue' says that all we need is loveBy Lauren Bain JAKARTA (JP): Bisu-in-Blue, the latest work by Jakarta-based Teater Yuka, is loosely based on the West Sumatran legend of Malin Kundang.

E. Timor wants more than 85% of revenue from oil

E. Timor wants more than 85% of revenue from oil DARWIN, Australia (AP): East Timor said Friday it wants more than 85 percent of the revenue from lucrative oil fields under the sea separating it from Australia.

Undoing democratic progress must be avoided

Undoing democratic progress must be avoided TOKYO: Indonesia's parliament (legislature) has voted to start impeachment proceedings against scandal-wracked President Abdurrahman Wahid in a move that could invite a long and bloody power struggle in the deeply troubled country.

Telephone rates to go up by 21% from June 10

Telephone rates to go up by 21% from June 10 BANDUNG, West Java (JP): State-owned telecommunications company PT Telekomunikasi Indonesia (Telkom) said on Friday it would increase its rates by an average of 21.67 percent on June 10.

President Abdurrahman Wahid stated on Friday that the special

President Abdurrahman Wahid stated on Friday that the special session had no right to demand a statement of presidential accountability as the 1945 Constitution stipulated clearly that the President only had to account to the MPR at the end of his term of office."Just ignore it ...

Rupiah rate June 1

Rupiah rate June 1 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,645.00 11,645.00 11,089.00 11,201.00Australian dollar 1 5,386.37 5,898.19 5,611.03 5,673.31Austrian schilling 1 653.85 715.69 681.12 688.41Belgian franc 1 223.03 244.13 232.34 234.

Asian currencies down late, rupiah hit by political turmoil

Asian currencies down late, rupiah hit by political turmoil SINGAPORE (Dow Jones): Asian currencies weakened across the board against the U.S. dollar Friday, with the deteriorating political situation in Indonesia inflicting damage on the rupiah.

City celebrates 474th anniversary

City celebrates 474th anniversary JAKARTA (JP): Governor Sutiyoso kicked off on Friday the one- month celebration of the city's 474th anniversary, which falls on June 22.He launched the celebration at a ceremony held in a Betawi (Jakarta native) culture preservation area in Setu Babakan, Srengseng...

Railway company launches service through BCA ATM

Railway company launches service through BCA ATM JAKARTA (JP): As of Friday, Jakartans traveling out of town using inter-city trains can purchase their tickets through Bank Central Asia (BCA) automated teller machines (ATMs) without having to queue in line for tickets at Gambir station in Central...

Tourist arrivals fall

Tourist arrivals fall JAKARTA (JP): The number of foreign visitors arriving in Indonesia fell slightly in April to 348,067 from 354,239 the previous month due to increasing political uncertainty in the country, according to a report.A report by the Central Bureau of Statistics said the 1.

Legalize border marts, govt urged

Legalize border marts, govt urged KUPANG, East Nusa Tenggara: Provincial councillors are demanding that the central government legalize the crime-prone illegal markets that are proliferating along the Indonesian - East Timorese border in Kupang.Councillor Karel Y.

MPR tasks Ad Hoc subcommittees to prepare special session

MPR tasks Ad Hoc subcommittees to prepare special session JAKARTA (JP): The People's Consultative Assembly's Working Committee decided on Friday not to establish special committees, instead assigning its Ad Hoc subcommittees to make preparations for the special session.

Taking issue with Flor Contemplacion

Taking issue with Flor Contemplacion The film review Flor Contemplacion story flawed but still respectable (May 18, 2001) by Mr. Joko E.H. Anwar had inaccuracies which we wish to clarify.Ms. Flor Contemplacion was not "wrongly hanged for murder in Singapore", but was given due process in the...

Senate to scrutinize Bush on Asia

Senate to scrutinize Bush on AsiaBy Sonya Hepinstall WASHINGTON (Reuters): Democrats in control of the U.S. Senate will set a different tone on Asian affairs, subjecting the Bush team to greater scrutiny on issues such as a new missile defense and policy toward North Korea, foreign policy experts...

Economy amid political crisis

Economy amid political crisis There is good reason for the market to weather the next two months of heightened political uncertainty with a lesser sense of foreboding despite the potentially explosive situation and the ongoing leadership crisis.

President Arroyo's lost (political) adolescence

President Arroyo's lost (political) adolescenceBy Amando Doronila MANILA: The presidency of Gloria Macapagal-Arroyo is being hardened in the crucible of a succession of crises and demands for economic reforms seldom experienced by any other president since Manuel L. Quezon.

President's picture burning probed

President's picture burning probed KENDARI, Northeast Sulawesi: Police are investigating the burning of pictures portraying President Abdurrahman Wahid, which allegedly involved a local councillor during a recent rally held inside the provincial council building.Northeast Sulawesi Police chief Brig.

SEAG soccer team to start training in June

SEAG soccer team to start training in June JAKARTA (JP): The Indonesian soccer team will start its training program in preparation for the Kuala Lumpur Southeast Asian (SEA) Games on June 17 at the Krakatau Steel training camp in Cilegon, Banten, team manager Irawadi D.

BPS statistics paint bleak picture of economy

BPS statistics paint bleak picture of economy JAKARTA (JP): The Central Bureau of Statistics (BPS) painted on Friday a bleak picture of the country's economy, with monthly inflation in May at its highest level since January.The bureau also reported a hefty 9.3 percent drop in exports to US$4.

Robina builds RI food factory

Robina builds RI food factory MANILA (AFX-ASIA): Universal Robina Corp is to build factories in China and Indonesia for its branded consumer goods, the company's executive vice president and director Lance Gokongwei said.

Susilo replaced in hasty reshuffle

Susilo replaced in hasty reshuffle JAKARTA (JP): President Abdurrahman Wahid added further suspense to the unfolding political drama by catching everyone by surprise on Friday with his announcement of a Cabinet reshuffle which included the replacement of his top political and security minister.

Kodak focuses on Indonesia exposure to overtake market

Kodak focuses on Indonesia exposure to overtake market JAKARTA (Reuters): When the Indonesian economy crashed in 1997, overseas investors bailed out in droves or pulled down the shutters on business plans.

House, observers cool on reshuffle

House, observers cool on reshuffleBy Tertiani Simanjuntak & Ridwan M. Sijabat JAKARTA (JP): Legislators and observers admitted to being baffled by the President's sudden move to reshuffle the Cabinet, contending that it would do little to cool sentiments or reduce the likelihood of a special...

Sutiyoso seeks loans for Texmaco to make buses

Sutiyoso seeks loans for Texmaco to make buses JAKARTA (JP): The city administration is seeking soft loans to be channeled to Texmaco to enable the conglomerate to manufacture buses that will be purchased by the government as part of its public transportation rejuvenation program.

Five thugs mobbed to dead

Five thugs mobbed to dead MEDAN, North Sumatra: Five alleged thugs in the Percut Sei Tuan area, Deli Serdang regency were mobbed to death by local residents on Thursday.Police said the residents were angered as the alleged crooks often robbed and extorted money from them.

'Kancil' to replace 'bajaj'

'Kancil' to replace 'bajaj' JAKARTA (JP): Governor Sutiyoso said on Thursday that he would soon discuss with Minister of Trade and Industry Luhut B. Pandjaitan on a planned replacement of the bajaj (three-wheeled motorized vehicle) with four-wheeled Kancil.

Tim Tam ad insults nursing profession

Tim Tam ad insults nursing professionFrom Suara KaryaI enjoy watching interesting advertisements televised on private TV stations. However, I was shocked to watch a Tim Tam advertisement, which I think humiliated the nursing profession.

Mahathir returns to rumors, rebukes

Mahathir returns to rumors, rebukes KUALA LUMPUR (Reuters): Malaysia's veteran prime minister returned home on Friday to rumors that his finance minister was quitting and rare rebukes over the treatment of his jailed former deputy and his supporters.

NU chairman visits riot-hit Pasuruan

NU chairman visits riot-hit Pasuruan PASURUAN, East Java (JP): In an effort to restore its badly dented image after three days of clashes in Pasuruan, the country's largest Muslim organization Nahdlatul Ulama (NU) showed its human face on Friday in the form of a visit by its chairman Hasyim Muzadi...

China in WTO may shake Southeast Asia

China in WTO may shake Southeast Asia KUALA LUMPUR (Reuters): China's graduation to World Trade Organization (WTO) membership may prove a double-edged development for its southern neighbors and could stir problems for ethnic Chinese living in southeast Asia.

Teater Yuka's 'Bisu-in-Blue' says all we need is love

Teater Yuka's 'Bisu-in-Blue' says all we need is loveBy Lauren Bain JAKARTA (JP): Bisu-in-Blue, the latest work by Jakarta-based Teater Yuka, is loosely based on the West Sumatran legend of Malin Kundang.

47 people feared dead after ship founders

47 people feared dead after ship founders MAJENE, South Sulawesi (JP): As many as 47 people were missing and feared dead after a passenger ship sank off Majene, some 300 kilometers south of the South Sulawesi capital of Makassar on Sunday, Majene port administrator Albar Yahya said on Friday.

Your appearance is your image

Your appearance is your image JAKARTA (JP): As an executive who is expected to appear and perform professionally, it is obviously important to have a totally professional appearance.The image you build communicates with others, telling them several things about yourself, such as personality,...

Ramayana's profit up 6.8%

Ramayana's profit up 6.8% JAKARTA (JP): Publicly-listed department store chain PT Ramayana Lestari Sentosa recorded a 6.8 percent increase in net profit, reaching Rp 56.79 billion (US$5.16 million) in the first quarter of the year as against Rp 53.15 billion in the same period last year.

Police chief rejects Gus Dur's order to quit

Police chief rejects Gus Dur's order to quit JAKARTA (JP): National Police Chief Surojo Bimantoro rejected on Friday an order from President Abdurrahman Wahid to resign, claiming such action was against existing regulations."The President has asked me to resign.

Unity

Unity Megawati pledges to uphold national unity. Page 2 Railway Railway company launches service through BCA ATM. Page 3 Arroyo President Arroyo's lost (political) adolescence. Page 5World Cup Germany, Italy close in on final World Cup places. Page 6APEC APEC calls for new WTO round, China's entry.

"Unfortunately Bung Karno never had time for his children ...

"Unfortunately Bung Karno never had time for his children ... They didn't know him well, let alone understand his political ideas ..."

Late paper

Late paper Due to technical problems, The Jakarta Post arrived late to subscribers in Tanjung Karang, Lampung, and in West Java's towns of Cirebon, Purwakarta and Bandung on Tuesday. We apologize for the inconvenience. -- Publisher

President-legislature row escalates

President-legislature row escalates JAKARTA (JP): Tension between the President and legislators escalated further on Friday, with both sides exchanging "threats of action" in relation to the special session of the People's Consultative Assembly (MPR) scheduled for Aug. 1, 2001.

Only 3 entries for Junior Indonesia Open

Only 3 entries for Junior Indonesia Open JAKARTA (JP): Only Japan, Malaysia and Brunei Darussalam have confirmed their participation in badminton's Milo Junior Indonesia Open in Surakarta, West Java, this month.Meanwhile Russia, Hong Kong and Canada have yet to submit the names of their players.

IMF: We're not walking out of Indonesia

IMF: We're not walking out of Indonesia SINGAPORE (AP): The International Monetary Fund has not "walked out of Indonesia" despite the IMF's stalled payments on a loan to the country, a senior official from the fund said Friday.

RI crushes S. Korea for Sudirman final

RI crushes S. Korea for Sudirman final JAKARTA (JP): Indonesian shuttlers were only one step away from fulfilling their dream of bringing home the Sudirman Cup, after crushing South Korea 3-1 on Friday at the San Pablo Stadium in Seville, Spain.

Conservation of historic building in limbo

Conservation of historic building in limbo JAKARTA (JP): It has been four years since the historic Candra Naya mansion at Jl. Gajah Mada No. 188 in Central Jakarta was abandoned after conservation work stopped in 1997.

Two alleged armed robbers shot dead

Two alleged armed robbers shot dead JAKARTA (JP): Police shot dead two out of five alleged robbers armed with offensive weapons who attacked police officers after they were caught red-handed attempting to rob a motorcyclist on Jl. Lodan Raya late on Friday.Pademangan Police chief Adj. Comr.

Political change never a smooth process

Political change never a smooth process Barbara Harvey is a familiar face at Indonesian events in Washington. One cannot miss the short, white-haired woman questioning Indonesian officials who pass through the city.

Asia pressed to play a greater role in IMF

Asia pressed to play a greater role in IMF SINGAPORE (AFP): Asia needs to play a greater role in the workings of the International Monetary Fund (IMF) if it wants to have an impact on policy making, first deputy director Stanley Fischer said here Friday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on June 1, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,625 -25 931,500 Adindo Foresta 120 0 0 AGIS 135 -5 150,000 Alakasa 150 25 2,000 Alfa...

Weekend lineup

Weekend lineup JAKARTA (JP): Following are sports competitions to be broadcast this weekend on local TV stations (listings in Jakarta Time):SundayMotor racing Italian Grand Prix, ANteve, 06.30 p.m.Soccer World Cup qualifying matches: Ireland vs Portugal, RCTI, 00.45 a.m.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Music 8:30 Documentary 9:30 Variety Show 10:00 Music 11:00 Performance 12:00 p.m. Interval 3:00 News 3:30 Feature 4:00 Music 5:00 News 5:30 Documentary 6:00 Music 7:00 Evening News 7:30 Quiz 8:30 Music 10:00 Sports 11:00 Traditional...

Uprooting the New Order

Uprooting the New OrderFrom Forum KeadilanIt 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.

'I learned from Sukarno more than I ever dreamed I could learn'

'I learned from Sukarno more than I ever dreamed I could learn'By Aboeprijadi Santoso AMSTERDAM (JP): To think about Sukarno today, makes Willem Oltmans, a Dutch journalist, 76 and an ardent admirer of Indonesia's first president, very sad.He met Sukarno in 1956 and became a good friend.

Mahathir ignores advice on Anwar

Mahathir ignores advice on Anwar KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad on Friday brushed off a recommendation from Malaysia's human rights commission that his jailed deputy Anwar Ibrahim should be allowed spinal surgery overseas.

Santos, Cue find oil in E. Java

Santos, Cue find oil in E. Java CANBERRA (Dow Jones): Australian energy companies Santos Ltd. and Cue Energy Resources Ltd. have discovered oil and gas during drilling of the Oyong-1 well in east Java.Santos is the operator and holds a 45 percent stake in the well, while Cue has a 15 percent stake...

Indonesian unrest hardly impacts palm oil supply

Indonesian unrest hardly impacts palm oil supply LONDON (Reuters): A fresh wave of political unrest in Indonesia is seen having little immediate impact on palm oil supply to the world market, European vegetable oil traders said.

American buyers cut RI textile imports

American buyers cut RI textile imports JAKARTA (JP): Many American buyers have cut their textile imports from Indonesia due to the economic slowdown, the Indonesian Textile Association (API) senior executive said on Friday.

Japan seeks oil reserves in SE Asia

Japan seeks oil reserves in SE Asia TOKYO (Nikkei): The government is considering establishing oil-storage facilities in Southeast Asian nations to help ensure a steady flow to them and Japan in the event of a regional oil shortage, it was learned Friday, The Nihon Keizai Shimbun reported in its...

Erratic reshuffle

Erratic reshuffle President Abdurrahman Wahid may have been exercising his constitutional prerogative in reshuffling the Cabinet on Friday, but he still owes the nation a logical explanation as to why he made those changes.

Court case against Golkar begins

Court case against Golkar begins JAKARTA (JP) : The Supreme Court opened hearings on Friday into a suit filed by several non-governmental organizations (NGOs) aimed at dissolving the Golkar Party.R.O. Tambunan of the Pijar Keadilan Law Office filed the suit on behalf of some 60 people grouped in...