Indonesian Political, Business & Finance News

Archive: 20 June 2001

65 articles found

Golkar chairman Tadjus resigns

Golkar chairman Tadjus resigns JAKARTA (JP): Golkar Party city chapter chairman Tadjus Sobirin, who has often been criticized for his poor leadership, announced his resignation on Tuesday following demands for his replacement in an expedited congress.

300 industries in Bogor produce toxic waste: Agency

300 industries in Bogor produce toxic waste: Agency BOGOR (JP): Some 300 of the 800 industrial companies operating in Bogor regency produce hazardous and toxic waste, according to the Bogor branch of the Environmental Impact Management Agency (Bapedalda).

Thieves hit shoe factory

Thieves hit shoe factory BANDUNG (JP): Fifteen thieves armed with handguns and sickles robbed a house, which was also used as a shoe accessory factory, in broad daylight on Tuesday, making off with Rp 15 million in cash and other valuables.

U.S. Dollar Rates June.19

U.S. Dollar Rates June.19 Latest Previous %Change Yen 123.04-09 123.31-36 -0.22 Euro* 0.8554-59 0.8610-15 -0.65 Sterling 1.3942-48 1.4062-67 -0.85 Swiss Franc 1.7875-80 1.7764-74 +0.62 Canadian Dollar* 1.5337-47 1.5339-49 -0.01 Australian Dollar* 0.5214-19 0.5227-32 -0.25 New Zealand Dollar 0.

Mahathir 'unaware' of latest probe

Mahathir 'unaware' of latest probe KUALA LUMPUR (AP): Prime Minister Mahathir Mohamad said on Tuesday he was not aware of any investigation by authorities into Malaysia's former finance minister Daim Zainuddin.

Commuters bemoan unfair minivan fares

Commuters bemoan unfair minivan fares JAKARTA (JP): With public minivan transportation fares increasing, today it was the commuters' turn to express dissatisfaction over price rises as fares in some cities began to spiral beyond the expected average.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 19, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,475 -25 79,500 Adindo Foresta 120 0 108,500 AGIS 140 5 92,000 Alakasa 150 0 0 Alfa Retailindo 1,075...

Tonic kills three men in Cakung

Tonic kills three men in Cakung JAKARTA (JP): A vendor selling "tonic" was arrested following the death of three of 11 men who were rushed to hospital after drinking the concoction, police said on Tuesday.Cakung Police subprecinct chief Comr.

China probes additive dumping

China probes additive dumping BEIJING (Dow Jones): China has opened an investigation into possible dumping of the feed additive L-lysine monohydrocyloride, the official Xinhua news agency reported late Monday.The investigation will target imports from the U.S.

It's rule of law versus personality

It's rule of law versus personality BANGKOK: For four months, the Constitution Court has been biting the bullet under constant pressure from the supporters of Prime Minister Thaksin Shinawatra. After some initial reluctance, Thaksin finally decided to appear before the court, and when he did...

Oil prices extend losses on chance of July Iraq restart

Oil prices extend losses on chance of July Iraq restart LONDON (Reuters): Oil prices extended losses on Tuesday, falling to two-month lows after a dollar-a-barrel slump late on Monday.Traders said the expectation that weekly U.S.

Who dares?

Who dares? Rakyat Merdeka on June 11, 2001 published an interview with Mr. Kemal Idris, former chief of the Army Strategic Reserves Command (green berets) who sieged the palace of former president Sukarno on Oct. 17, 1952. Contrary to what I have often read, Mr.

University to take more students

University to take more students PALANGKA RAYA, Central Kalimantan: Palangka Raya University, the biggest and oldest university in the province, has allocated some 1,945 places for new student admissions for the coming school year.

Talks with GAM again?

Talks with GAM again? Minister of Defense Mahfud MD announced on June 15, 2001 that Indonesia would send Coordinating Minister for Political, Social and Security Affairs Agum Gumelar to peace talks between the government and separatist Free Aceh Movement (GAM) in Geneva (The Jakarta Post, June 16,...

Governor asked to help E. Timorese

Governor asked to help E. Timorese JAKARTA (JP): Former East Timorese prointegration leader Eurico Gueterres met with Jakarta Governor Sutiyoso on Tuesday to request that the city administration help relocate East Timorese who have opted to remain in Indonesia.

Lopa plans to file lawsuit against Soeharto

Lopa plans to file lawsuit against Soeharto JAKARTA (JP): Seeking a much needed breakthrough in the stalled prosecution of Soeharto, Attorney General Baharuddin Lopa reiterated here on Tuesday his plans to seek an alternative legal route by filing a civil lawsuit against the former president.

Nippon forms joint venture

Nippon forms joint venture JAKARTA (JP): Nippon Express, a major Japanese freight forwarding company and logistics provider, and its local partner PT Supra Raga Transport have formed a joint venture to boost its presence in the Indonesian market.

Aiming for Market Leadership in Information Technology Services

Aiming for Market Leadership in Information Technology Services The information technology (IT) industry in the Philippines has been going through remarkable progress and growth in recent years. In the hardware sector, the Philippines' semiconductor and electronics industries have been growing at...

Female mayors make Asian cities nicer: UN

Female mayors make Asian cities nicer: UN BANGKOK (AFP): Cities in the Asia Pacific region would be cleaner, healthier and friendlier places to live if women had a bigger role in running local governments, the United Nations said on Tuesday.

Civilian-military relations

Civilian-military relationsFrom Rakyat MerdekaTo the best of my understanding, now that civilian-military relations seem to be closer or more intimate, as can be observed from one TV program aired on May 8, 2001 presenting resource person MT Arifin and (ret) Maj. Gen. Syaiful Sulun.

Support for the attorney general

Support for the attorney general I would like to comment on and at the same time give my support to the steps taken by Attorney General Baharuddin Lopa to enforce the law. I do hope that the attorney general is serious in carrying out this task and not merely making empty promises.

Palembang budgets for water demand

Palembang budgets for water demand PALEMBANG, South Sumatra: The city administration here has allocated Rp 5.16 billion from its local budget to meet the expected high demand for clean water.The deputy of the Palembang administration, Aidit Aziz, said on Tuesday that the supply of clean water for...

Government proposes to IMF several options on central bank law

Government proposes to IMF several options on central bank law JAKARTA (JP): New Coordinating Minister for the Economy Burhanuddin Abdullah said on Tuesday he had proposed to the International Monetary Fund (IMF) "several options" to end the current row over the amendment of the central bank law.

Gus Dur, Megawati to attend anniversary

Gus Dur, Megawati to attend anniversary JAKARTA (JP): President Abdurrahman Wahid and Vice President Megawati Soekarnoputri are slated to arrive in Blitar, East Java, on Wednesday to attend ceremonies marking the 31st anniversary of the death of the country's first president, Sukarno, on Thursday.

JP/2/DAYAK

JP/2/DAYAKFollow-up actions to Dayak-Madura reconciliation urged PALANGKARAYA, Central Kalimantan (JP): Several local tribal leaders have called on all levels of the government to promptly follow up results of the newly concluded Dayak people's congress, which recommended the settlement of...

Three bombs explode in Pancoran boarding house

Three bombs explode in Pancoran boarding house JAKARTA (JP): Three powerful bomb explosions on Tuesday morning seriously injured five people and caused extensive damage to a boarding house on Jl. Cikoko Barat III No. 23, in the Pengadegan subdistrict of Pancoran, South Jakarta.

Jakarta dominates second day of interchapter volleyball c'ships

Jakarta dominates second day of interchapter volleyball c'ships JAKARTA (JP): Jakarta men's and women's volleyball teams dominated the second day of the 2001 Interchapter National Volleyball Championships at the basketball hall in Bung Karno Sports Complex in Senayan on Tuesday.

Premier Oil targets Ujung Pangkah gas sale deal this year

Premier Oil targets Ujung Pangkah gas sale deal this year JAKARTA (JP): British oil and gas company Premier Oil Indonesia Ltd. expects to secure a contract by the end of this year to sell over 50 million cubic feet per day (mmcfd) of gas from its Ujung Pangkah gas field in East Java to local power...

Bank Universal plans Rp 3.3t in fresh loans

Bank Universal plans Rp 3.3t in fresh loans JAKARTA (JP): Publicly listed Bank Universal plans to extend new loans of about Rp 3.3 trillion (about US$29.33 million) this year.The bank said the fresh loans would raise its total outstanding credits by 55 percent to Rp 9.

BI's policy on stabilizing the value of the rupiah

BI's policy on stabilizing the value of the rupiah This is the first of two articles on the rupiah by Achjar Iljas, deputy governor of Bank Indonesia. JAKARTA (JP): Under the floating exchange rate system, market forces freely determine the rupiah exchange rate, while the authorities influence the...

Inflationary pressures

Inflationary pressures The government-mandated 30 percent increase in fuel prices starting last Saturday that will be followed by price hikes in electricity and telephone services next month will surely strengthen inflationary pressures, which have thus far been exerted mainly by rising costs of...

Got the munchies for Acehnese at Seulawah restaurant

Got the munchies for Acehnese at Seulawah restaurant JAKARTA (JP): OK, OK, enough of the little nudges and knowing winks which always seem to appear when people talk about Acehnese cuisine.Ganja leaves are a traditional flavor enhancer in the cooking, and that is why it is said police will turn a...

Asia must manage risks from mobile commerce boom: Experts

Asia must manage risks from mobile commerce boom: Experts SINGAPORE (AFP): The Asia-Pacific region has greater potential for business via mobile phones than any other market but there must be safeguards against non-payment and other risks, experts said here on Tuesday.

Bank Bali expects to be back in the black in 2001

Bank Bali expects to be back in the black in 2001 JAKARTA (JP): After being in the red for the past three years, publicly listed Bank Bali expects to be back in the black this year thanks to a recovery in its lending operations.The bank's president, Dradjat B.

Indonesia to face power shortage in two years

Indonesia to face power shortage in two years JAKARTA (JP): Power blackouts may strike many parts of the country in the next one to two years due to power shortages caused by the absence of investment, power firm executives warned on Tuesday.

Philippines-Indonesia Relations, a continuing partnership

Philippines-Indonesia Relations, a continuing partnership Philippine-Indonesian relations are characterized by a genuine sense of brotherhood borne out of centuries of close and vibrant interaction as neighbors. In precolonial times, trade, commerce and transmigration flourished between our peoples.

Government loses first case on BLBI funds

Government loses first case on BLBI funds JAKARTA (JP): The government lost its first legal fight in recovering billions of dollars of Bank Indonesia liquidity support as the South Jakarta District Court acquitted on Tuesday deputy director of PT Bank Aspac Hendrawan Haryono of corruption charges.

Prices of basic commodities up at traditional markets

Prices of basic commodities up at traditional markets JAKARTA (JP): Prices for basic commodities sold at traditional markets in the capital have increased, following the fuel price hike which came into effect on Saturday.

Sanyo Indonesia Open as scheduled

Sanyo Indonesia Open as scheduled JAKARTA (JP): Despite the possibility of violent rallies prior to and during the special session of the People's Consultative Assembly (MPR), the US$170,000 Sanyo Indonesia Open will take place as scheduled next month.

KL police rescue 34 sex 'slaves'

KL police rescue 34 sex 'slaves' KUALA LUMPUR (Reuters): Malaysian police said on Tuesday they had rescued 34 foreign women who had been drugged and forced to work as prostitutes in a brothel.They said the women, from neighboring Thailand and Indonesia, were forced to work at night and drugged so...

Hexindo upbeat on meeting profit target

Hexindo upbeat on meeting profit target JAKARTA (JP): Publicly listed heavy equipment supplier PT Hexindo Adiperkasa is upbeat that its this year's net profit will increase by about 10 percent to Rp 33.3 billion (US$2.

IBRA hopes to reach deal over Chandra Asri debt

IBRA hopes to reach deal over Chandra Asri debt JAKARTA (JP): Indonesian Bank Restructuring Agency (IBRA) chairman Edwin Gerungan said on Tuesday a new deal was expected to be reached with Japan's Marubeni Corp. this week over the restructuring of olefin producer PT Chandra Asri's debts.

House to speed deliberation of Aceh, Irian Jaya bills

House to speed deliberation of Aceh, Irian Jaya bills JAKARTA (JP): The government and the House of Representatives agreed on Tuesday to speed up the deliberation of the bills on special autonomy for Aceh and Irian Jaya convinced that it could help abate escalating tension in the two troubled...

NGO: Aceh kids need attention

NGO: Aceh kids need attention BANDA ACEH, Aceh: An activist here made a plea to the country to pay immediate attention to the fate of children caught up in the conflict in Aceh.Abdul Gani Nurdin, the chairman of the Aceh-based Children's Protection Institute, said that since the province had been...

KL palm oil gains on technical rebound

KL palm oil gains on technical rebound KUALA LUMPUR (Reuters): A technical rebound lifted Malaysian palm oil futures on Tuesday in anticipation of fresh gains in Chicago and market-friendly exports figures for the first 20 days of June, traders said.

Treatment of TNI

Treatment of TNIFrom KompasHaving read the media's reports on the May 12, 1998 tragedy, including the statements of the National Commission on Human Rights (Komnas HAM) and Todung Mulya Lubis that the Indonesian Military (TNI) was involved in serious human rights violations (Kompas of May 10, 2001...

Aussie bank to sell RI stake

Aussie bank to sell RI stake SYDNEY (Dow Jones): Commonwealth Bank Of Australia, Australia's second largest bank by market capitalization, said Tuesday it is in talks with a number of parties for the sale of its joint venture holding in its life insurance business Ayudhya CMG in Thailand.

Migrant worker freed

Migrant worker freed JAKARTA (JP): A migrant worker, jailed for abandoning her newborn in a Garuda Indonesia aircraft toilet, was freed after serving seven and a half months in prison.Tangerang's female penitentiary freed Imas, 27, on Monday afternoon after receiving a copy of West Java High...

An area set aside for street diggers

An area set aside for street diggers JAKARTA (JP): Trisakti University in West Jakarta agreed on Monday to reserve a space under the nearby Grogol flyover for street diggers.The university, together with West Jakarta mayoralty, had planned to use the whole area under the Grogol flyover in front of...

IBRA to name winning bidder for BCA shares

IBRA to name winning bidder for BCA shares JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will name the winning bidder for its stake in the publicly listed Bank Central Asia (BCA) next week, agency deputy chairwoman Felia Salim said on Tuesday.

Growing digital gulf a very troubling situation: Lee

Growing digital gulf a very troubling situation: Lee SINGAPORE (AFP): The growing technological divide between the rich and poor Southeast Asian nations creates a worrying situation, Singapore's elder statesman Lee Kuan Yew said on Monday.

What to do before hemorrhoids become a painful problem

What to do before hemorrhoids become a painful problemBy Maria Endah Hulupi JAKARTA (JP): It's a lifestyle choice: keep to that bad diet, heavy on the junk food and low on fiber, and chances are that hemorrhoids will be in your future.

Sprinter Irene may miss SEA Games 2001

Sprinter Irene may miss SEA Games 2001 JAKARTA (JP): Indonesian women's sprinter Irene Truitje Joseph's participation in the Kuala Lumpur Southeast Asian (SEA) Games is in jeopardy because of a heart problem she experienced while competing in the National Athletics Championships.

West Java police name 21 people as suspects

West Java police name 21 people as suspects BANDUNG (JP): West Java Police announced on Tuesday that they had officially charged 21 people for offenses committed in relation to large rallies by workers and a public transportation strike here over the past week.

PDI Perjuangan retracts call for special session

PDI Perjuangan retracts call for special session JAKARTA (JP): The Indonesia Democratic Party of Struggle (PDI Perjuangan) has become the latest party to jump on the bandwagon of major parties retracting their demands for an accelerated special session of the People's Consultative Assembly (MPR).

PDI Perjuangan

PDI Perjuangan PDI Perjuangan retracts call for special session. Page 2 Tax 600,000 Jakartans not paying tax. Page 3 Rupiah BI's policy on stabilizing the value of the rupiah. Page 5 Soccer France downs Iran, Costa Rica stuns Holland in youth cup.

Police arrest eight after clash with students

Police arrest eight after clash with students JAKARTA (JP): Central Jakarta Police arrested eight people on Tuesday, following a clash between police and protesting students outside the campuses of the Indonesian Persada University (UPI) and YAI accounting school on Jl. Diponegoro, Central Jakarta.

Rupiah rate June 19.

Rupiah rate June 19. Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,813.00 11,813.00 11,256.00 11,370.00Australian dollar 1 5,644.39 6,172.29 5,875.63 5,940.83Austrian schilling 1 675.17 738.04 702.83 710.36Belgian franc 1 230.31 251.75 239.74 242.

Reengineering of organizations

Reengineering of organizationsBy Muhammad Sauri Hasibuan JAKARTA (JP): The law on regional autonomy stipulates that regions should be able to take the initiative to solve their problems, without waiting for a decision from central government.

7 countries to vie in hang gliding tour

7 countries to vie in hang gliding tour JAKARTA (JP): South Africa, the United States, Australia, Belgium, England, Yugoslavia and host Indonesia have confirmed participation in the Indonesia Open Hang Gliding and Microlight Championship at Adi Sumarmo Airport in Surakarta, Central Java, from Aug.

Maluku students demand Made Yasa trial

Maluku students demand Made Yasa trial MAKASSAR, South Sulawesi (JP): A student rally in Makassar welcomed the latest Indonesian Military (TNI) reshuffle on Tuesday, with some 100 Maluku students studying in the South Sulawesi capital demanding that outgoing Pattimura Military Commander, Brig. Gen.

Where to go in Surabaya:

Where to go in Surabaya:Film* Monthly French Film, CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5615246), every Tuesday, Friday, Saturday, 6:30 p.m.Performance * Music: Fete De La Musique, by Indonesian music groups, CCCL - French Cultural Center, Jl.

Military personnel to secure Arun gas field

Military personnel to secure Arun gas field BANDA ACEH, Aceh (JP): More than 2,000 military personnel are expected to be deployed along the 80-kilometer gas production and distribution line of PT ExxonMobil Oil Indonesia in Lhok Sukon, East Aceh, ahead of the giant gas company's plan to resume...

600,000 Jakartans not paying tax

600,000 Jakartans not paying tax JAKARTA (JP): Director General of Taxation Hadi Purnomo estimates that almost two-thirds of Jakarta's potential taxpayers do not pay income tax.Hadi said on Tuesday that based on 1999 data, Jakarta should have 900,000 taxpayers, but as of May this year, only 300,000...

Persani to select SEA Games gymnasts

Persani to select SEA Games gymnasts JAKARTA (JP): The Indonesian Gymnastics Association (Persani) will stage a three-day selection to pick members of the Kuala Lumpur Southeast Asian (SEA) Games team.The Persani deputy secretary-general, Frederick Huma, was quoted by Antara as saying on Tuesday...