Indonesian Political, Business & Finance News

Archive: 28 June 2001

70 articles found

Property market remains bleak

Property market remains bleak By I. Christianto There are no promising signs yet that there is even a slow recovery in the property and real estate sector. Meanwhile, in the stock market, concerns over weak consumer demand has dragged down property and real estate heavyweights. JAKARTA (JP): Market analyst Yenny Fadjar of PT Harita Kencana Securities said the property sector had been generally stagnant. "Since 1998, the sector has been stagnant. This is partly due to our weak banking sector.

VP successor talks premature, says Megawati

VP successor talks premature, says Megawati JAKARTA (JP): Vice President Megawati Soekarnoputri brushed aside on Wednesday the discourse on her possible successor should she take over the presidency from Abdurrahman Wahid, calling it premature. Chairman of the interest group faction at the People's Consultative Assembly Faisal Tamin said, after a meeting with Megawati at her office, the Vice President was reluctant to talk about the matter.

Indonesia pushes for new pacific forum

Indonesia pushes for new pacific forum CHRISTCHURCH, New Zealand (Reuters): Indonesia on Wednesday invited New Zealand to join a new regional forum that Jakarta is promoting and which would include its former territory East Timor. On the first visit to New Zealand by an Indonesian leader in 29 years, President Abdurrahman Wahid said the proposed West Pacific forum could help soothe tensions between Jakarta and East Timor, which voted for independence from Indonesia in 1999.

IMF team to visit Jakarta soon: Minister

IMF team to visit Jakarta soon: Minister JAKARTA (JP): After six months delay, the International Monetary Fund (IMF) may finally send its special mission to Jakarta next month to review the country's economic reform program, Coordinating Minister for the Economy Burhanuddin Abdullah said on Wednesday.

U.S. Dollar Rates June.27

U.S. Dollar Rates June.27 Latest Previous %Change Yen 124.28-33 123.80-85 +0.39 Euro* 0.8628-33 0.8629-33 -0.01 Sterling 1.4169-74 1.4147-52 +0.16 Swiss Franc 1.7640-45 1.7645-50 -0.03 Canadian Dollar* 1.5118-28 1.5162-72 -0.29 Australian Dollar* 0.5200-05 0.5214-19 -0.27 New Zealand Dollar 0.4181-88 0.4171-78 +0.24 Deutsche Mark 2.2650-63 2.2655-66 -0.02 Czech Koruna 39.229-56 39.290-02 -0.16 Hungary Forint 281.96-40 281.48-19 +0.17 Danish Krone 8.6276-16 8.6295-45 -0.02 Norwegian Krone...

Gus Dur told to avoid state of emergency

Gus Dur told to avoid state of emergency JAKARTA (JP): Ministers and security authorities expressed hopes on Wednesday that embattled President Abdurrahman "Gus Dur" Wahid would not declare a state of emergency, as a last resort, to survive his political life. Coordinating Minister for Political, Social and Security Affairs Agum Gumelar said he was working hard to avoid national disintegration and any declaration of a state of emergency.

Megawati

Megawati VP successor talks premature, says Megawati. Page 2 Rectors Police offer guns to rectors for protection. Page 3 Latin America Latin America has democracy, but abuses persist. Page 5 Tennis Williams flag flying high at Wimbledon. Page 6 Guthrie Guthrie claims Indonesian palm oil deal completed. Page 10 Loans World Bank approves $422 million in Indonesia loans. Page 12 Guerrillas Four guerrillas die in clash with Philippine troops. Page 13 Pointer: -- Page 4 di bawah

PASI eyes eight golds at SEA Games

PASI eyes eight golds at SEA Games JAKARTA (JP): The Indonesian Amateur Athletics Association (PASI) is optimistic of earning eight of 46 golds at stake in the Kuala Lumpur Southeast Asian (SEA) Games in September. "The target was set based on the athletes' records in four national events, namely, the National Games last June; National Invitation in Sidoarjo, East Java, in February; Java-Bali circuit in Surakarta, Central Java in April; and the National Championships from June 17 to June 20.

PDI-P legislator named BKPM chief

PDI-P legislator named BKPM chief JAKARTA (JP): Theo Thoemion, a legislator of the Indonesian Democratic Party of Struggle (PDI P), has been named the new chief of the Investment Coordinating Board (BKPM). Coordinating Minister for the Economy Burhanuddin Abdullah said on Wednesday the inauguration would take place on Friday.

Pertamina books Rp 3.74t net profit

Pertamina books Rp 3.74t net profit JAKARTA (JP): State-owned oil and gas company Pertamina booked a net profit of Rp 3.74 trillion (about US$328.21 million) in the nine-month 2000 fiscal year that ended on Dec. 31. This compared to the Rp 4.98 trillion profit earned in the 12-month 1999 fiscal year. Pertamina said in a statement on Tuesday that gross profit for fiscal 2000 stood at Rp 9.03 trillion, of which Rp 5.29 trillion was paid to the government in taxes.

Rift among police displayed over dual leadership

Rift among police displayed over dual leadership JAKARTA (JP): National Police chief Gen. Surojo Bimantoro had reportedly cut short his minor haj pilgrimage and returned to the capital on Tuesday, after receiving news that there had been a near clash among his middle-ranking officers. The incident reportedly started with two officers arguing about whether Bimantoro, or National Police deputy chief Comr. Gen.

Navy arrests mutineers on Malaysian tanker

Navy arrests mutineers on Malaysian tanker JAKARTA (JP): The Indonesian Navy arrested 10 alleged mutinying crew members who commandeered a Malaysian-flagged tanker, the MT Selayang, in Tanjung Berau waters off East Kalimantan on Wednesday, Antara reported. Balikpapan naval base commander Lt. Col. Agus Subagyo said the suspects had not resisted arrest.

Govt revokes luxury tax on shampoo, PCs

Govt revokes luxury tax on shampoo, PCs JAKARTA (JP): The government said on Wednesday it had decided to revoke luxury sales taxes on several products including shampoo and computers starting next month, The finance ministry said in a statement that previously the items were subject to luxury taxes of between 10 percent and 75 percent.

Textile Museum shines in shabby environs

Textile Museum shines in shabby environs By Hera Diani JAKARTA (JP): Imagine a luxury mansion located right in the heart of the Bronx. That is probably a perfect analogy for the Textile Museum located at Jl. Aipda K.S. Tubun No. 4 in Central Jakarta. If you go there drive slowly and keep a sharp lookout, because the building is hidden in the middle of the hustle and bustle of the nearby Tanah Abang market.

Benchmarks, not washing machines

Benchmarks, not washing machines The allocation of funds intended for the purchase of washing machines for members of the House of Representatives (DPR) has sparked a public debate in which this policy has been cynically responded to in view of the large amount of money that the government has forked out for every House member. A legislator may expect to receive about Rp 30 million a month, made up of their salary, benefits and other facilities.

Great promotions launched despite uncertainties

Great promotions launched despite uncertainties JAKARTA (JP): Housing and property developers are currently promoting their projects with attractive advertisements in the media. Property exhibitions are also held regularly in the capital. However, the property market is still down, at least according to stock market analysts and property consultants.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 27, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,525 50 563,500 Adindo Foresta 115 0 43,000 AGIS 140 0 161,000 Alakasa 150 0 0 Alfa Retailindo 1,025 -25 200,000 Alter Abadi 95 15 1,000 Alumindo Light 600 -25 2,500 Andhi Chandra 1,975 0 0 Aneka Kimia Raya 150 0 0 Aneka Tambang 975 -25 2,112,500 Apac Citra 320 -10 12,500 Aqua Golden...

Justice, or power politics?

Justice, or power politics? Nobody -- as yet -- questions the integrity of the newly appointed Attorney General Baharuddin Lopa. It is no exaggeration to say that he remains to this moment one of the very few Indonesians to start office with a spotless reputation of honesty and dedication in the upholding of the law. And yet it seems that less than a month since his installation that reputation has begun to wear.

Conoco starts gas deliveries

Conoco starts gas deliveries JAKARTA (JP) Conoco Indonesia Inc. started Tuesday deliveries of natural gas to Singapore from its South Natuna Sea B Block, the company said Wednesday. Conoco Indonesia, a unit of Conoco Inc., it is the last of three operators to deliver natural gas to Singapore via the 656- kilometer subsea pipeline. The other two operators - Gulf Resources (Kakap) Ltd., and Premier Oil Natuna Sea Ltd - started gas deliveries in January.

Voices from below the ground

Voices from below the ground By Barbara Leigh SYDNEY, Australia (JP): Last month at the National Art Gallery of Indonesia was an exhibition of young women's paintings. One of them was a quite beautiful and yet terrifying installation by a woman who was born and grew up in Aceh, Endang Lestari. The plaque on the installation stated "Beek Gilho Na Leung" -- "Don't Step on the Grass". My imagination took me below the grass. All that was visible above were masses of tiny "plants".

PT Indocement to divest its units to pay debts

PT Indocement to divest its units to pay debts JAKARTA (JP): Publicly listed cement producer PT Indocement Tunggal Prakarsa said on Wednesday it planned to divest itself of two subsidiaries to help meet debt payments totaling US$861 million. Indocement president Daniel Lavalle said the company would sell off coal mining company PT Indominco Coal Mining in East Kalimantan, and property firm PT Wisma Nusantara International.

Boxers to fight in King's Cup

Boxers to fight in King's Cup JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) will send seven boxers to the King's Cup in Bangkok from July 1 to July 7 as part of the selection process for a training stint in Havana starting on July 15. The seven are light flyweight Bonix Saweho, flyweight Melky Lelemboto, lightweight David Isikiwar, welterweight Stevi Binalay, welterweight Bara Gommies, light middleweight Joko Suryono and middleweight Wahyu Syarif Hidayat.

Three men attack food vendor

Three men attack food vendor JAKARTA (JP): Three men attacked a female food vendor believing that she was a police informant in the Kebon Melati area of Tanah Abang, Central Jakarta, on Wednesday evening. Local residents managed to catch and beat up one of the three men at the crime scene, who was later rescued from the crowd by police officers. The man, identified as Wibowo, 39, was brought to the Tanah Abang police subprecinct for questioning, police subprecinct chief Second Insp.

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. Intermarriages and alliances solidified these cross-cultural and economic links. Over the centuries, the movement of peoples, goods and ideas between the two archipelagos intensified.

Army personnel arrest eight rioters in Poso

Army personnel arrest eight rioters in Poso POSO, Central Sulawesi (JP): Eight armed men were detained on Wednesday as they were allegedly about to attack residents working on a cacao plantation in Batugincu village, Poso, Central Sulawesi, an official said. Tadulako Military spokesman First Lt. Abdul Haris said the eight men were spotted by patrolling soldiers as they took aim with their homemade guns at the residents.

'Malaysia, RI tough rival in SEA Games'

'Malaysia, RI tough rival in SEA Games' JAKARTA (JP): Indonesian national team coach Benny Dolo said that Malaysia will pose a special threat to Indonesia, besides arch-rival Thailand and dark horse Vietnam, in the soccer competition of the Southeast Asian (SEA) Games in Kuala Lumpur in September.

Live grenade found in Kintamani

Live grenade found in Kintamani DENPASAR, Bali: A resident of Kembangsari village near the Kintamani traditional market in Bangli regency, Bali, discovered a live grenade on a coffee plantation and handed it over to local police, Antara reported on Wednesday. Bali's regional police spokesman, Adj. Sr. Comr. Y. Suyatmo, said the grenade had been placed in an open field in Kintamani, which had been cordoned off until the explosive was disposed of.

Pande admits ordering payment of Bank Bali funds

Pande admits ordering payment of Bank Bali funds JAKARTA (JP): Former deputy chairman of the Indonesian Bank Restructuring Agency (IBRA) Pande Nasorahona Lubis testified on Wednesday that he had ordered Bank Indonesia to disburse Rp 904 billion (US$82 million) of IBRA's funds to Bank Bali.

Table tennis association names SEA Games players

Table tennis association names SEA Games players JAKARTA (JP): The Indonesian Table Tennis Association (PTMSI) named its five men and five women players for the Kuala Lumpur Southeast Asian (SEA) Games. Four of the 10 players -- Deddy Da Costa, Ismu Harinto, Fauziah Yulianti and Rossy Pratiwi Dipoyanti -- qualified without selection. "The four are senior players, have experience and the best among others. Therefore, we admitted them without selection.

Wooing the Myanmar military junta is a tricky game

Wooing the Myanmar military junta is a tricky game By Vorapun Srivoranart BANGKOK: Thaksin's visit to Burma could prove fruitful to relations, though there are many long-term obstacles In reality, there is no black and white foreign policy, nor is there a single mould for every problem. It all depends on where and when a particular event occurs.

KL court quashes jail sentence on Anwar's lawyer

KL court quashes jail sentence on Anwar's lawyer KUALA LUMPUR (AFP): Malaysia's highest court on Wednesday unanimously threw out a contempt of court conviction and a prison sentence imposed on a lawyer for jailed opposition leader Anwar Ibrahim. A packed public gallery gave three federal court judges a round of applause as they quashed the conviction and three-month sentence passed on Zainur Zakaria by high court judge Augustine Paul.

'Madame Dasima' not quite a tale of the times

'Madame Dasima' not quite a tale of the times By Hera Diani JAKARTA (JP): Supposedly, it tells of a dysfunctional family. Supposedly, it portrays women's position in a relationship and society. Supposedly, it is about betrayal, and the consequences of "falling in love with someone you are not supposed to". Supposedly.

Attitude of Jakartans today

Attitude of Jakartans today From Warta Kota Jakarta may be celebrating its 474th anniversary, but the attitude of its residents has not changed for the better. On the contrary, Jakartans have become increasingly unsympathetic. The city of Jakarta has become a repository for everything bad, such as crime, corruption, collusion, nepotism and a "Why should I bother" attitude. An example is the complete indifference of the public during an emergency.

Law on state secrecy sought

Law on state secrecy sought JAKARTA (JP): What is a state secret or, to put it another way, what kind of information can be categorized as a state secret? In a discussion on Wednesday, observers found that such a term had yet to be properly defined in existing law books, so that certain articles can be used loosely to charge someone with leaking state secrets.

Landslide victims still missing

Landslide victims still missing PADANG, West Sumatra: As of Wednesday afternoon, rescue workers had yet to find two workers who went missing in a landslide in Bukit Ngalau, Lubuk Kilangan district, Padang, on Tuesday. The landslide occurred in a clay and silica quarry owned by a PT Semen Padang, where construction workers continued to remove 150,000 cubic meters of earth covering the cement plant.

City news website launched

City news website launched JAKARTA (JP): After operating for a couple of months, the city administration officially launched on Wednesday its news website BeritaJakarta.com. City Governor Sutiyoso inaugurated the website at the City Hall and said that the city administration would use the website to obtain feedback from the public. "We expect some criticism from the public through their participation in the poll or letters posted on the website" Sutiyoso remarked.

Blind masseurs to mend image

Blind masseurs to mend image BANDUNG (JP): At least 100 delegates from massage parlors affiliated with the Indonesian Association for the Blind (Pertuni) met here on Wednesday to restore their tarnished image, which has been associated with prostitution. Bambang Suyono, Pertuni's secretary-general, said many people identified massage houses as camouflaged brothels, while prostitution had been widely carried out under the guise of blind masseurs' businesses.

Oxfam gets complaints about mining companies

Oxfam gets complaints about mining companies CANBERRA (AP): An aid group said Wednesday it has been swamped with allegations of human rights abuses and pollution by Australian mining companies operating in other nations. Oxfam Community Aid Abroad said its mining ombudsman has been unable to probe all of the complaints, which have come from Indonesia, Papua New Guinea and Peru.

Hockey players cancel tryout

Hockey players cancel tryout JAKARTA (JP): Indonesian hockey players, groomed for the Sept. 8 to Sept. 17 Southeast Asian (SEA) Games in Kuala Lumpur, have had to cancel their plan to warm up in Malaysia next month, due to a lack of finances. Training project officer Ray Khumar Singh said on Tuesday that the Indonesian Hockey Association (PHSI) had not received funds from the National Sports Council (KONI) to send the 40 players and a coach to the neighboring country.

Ex-cooperative chief takes away Rp 200m

Ex-cooperative chief takes away Rp 200m CILACAP, Central Java: The head of a joint-venture employees' cooperative in Cilacap has disappeared with half of Rp 200 million worth of profits earned from the sale of its shares. Jaffaruddin, 40, chairman of the cooperative, received the money in February and has since then never returned to his office in Cilacap, Central Java.

Road victim's body thrown onto garbage site

Road victim's body thrown onto garbage site BEKASI (JP): A Koasi public transportation minivan plying the Bekasi-Bantar Gebang route allegedly hit a pedestrian on Tuesday night on Jl Raya Narogong, Bojong Menteng, Bekasi, then transported the dying victim to a nearby garbage disposal site. Suman, 38, a local resident who saw the accident said that the victim, Sandi, was crossing the road when the Koasi minivan was passing by at high speed and hit him hard throwing his body several meters.

SE Asian nations told to unite against sea piracy

SE Asian nations told to unite against sea piracy KUALA LUMPUR (Agencies): Southeast Asian countries need to join forces to combat the piracy that makes the region's sea lanes the most dangerous in the world, a conference heard on Wednesday. Pirate booty these days include cargoes of oil worth millions of dollars rather than the treasure chests of earlier centuries, but today's buccaneers can still be cut-throat murderers.

Police offer rectors guns for protection

Police offer rectors guns for protection JAKARTA (JP): Expressing a desire to provide protection on the campuses of both state and private universities, Jakarta Police chief Insp. Gen. Sofjan Yacob offered guns to the heads of universities. Sofjan said on Wednesday that Jakarta Police Headquarters was ready to provide guns to the rectors. "I do not ever want university rectors to fear for the safety of their students ...

Guthrie claims RI palm oil deal completed

Guthrie claims RI palm oil deal completed KUALA LUMPUR (Reuters): Malaysia's Kumpulan Guthrie Bhd. said on Wednesday its newly purchased palm oil plantations in Indonesia were up and running, and it had paid Jakarta US$368 million to close the controversial deal. Guthrie also planned to raise Islamic bonds worth around $400 million to refinance the loan obtained from a consortium of seven local banks for the acquisition of 265,777 hectares of land on the islands of Java, Borneo and Sulawesi.

Bali Kite Festival still soaring in popularity

Bali Kite Festival still soaring in popularity By Susi Andrini DENPASAR, Bali (JP): As they fly high in the sky, kites are a great leveler for those on the ground, loved by people of all ages and classes as an inexpensive, easy way to have a good time. But who would have thought that a small kite festival started more than 20 years ago on a plot of disused land in Bali would today have an international reputation and draw kite lovers from across Asia, Europe and the U.S.?

Jakarta may increase bus fares by up to 57 percent

Jakarta may increase bus fares by up to 57 percent JAKARTA (JP): Despite the government's promised subsidy for bus operators, the Jakarta administration has proposed to the City Council an increase of between 30 percent and 60 percent in public transportation fares following the recent fuel price hike. Governor Sutiyoso disclosed on Wednesday that he had sent the proposal to the council for approval and expected that the council would give the go-ahead by the end of the week.

Government puts an end to decision-making role of FSPC

Government puts an end to decision-making role of FSPC JAKARTA (JP): The government ended on Wednesday the decision- making role of the Financial Sector Policy Committee (FSPC), Coordinating Minister for the Economy Burhanuddin Abdullah said. Burhanuddin said that the FSPC would return to its original function of providing policy recommendations on major corporate debt restructuring programs to the finance minister.

Selangor shooting range renovated

Selangor shooting range renovated JAKARTA (JP): Organizers of the Southeast Asian (SEA) Games in Kuala Lumpur are spending two million ringgit (US$660,000) to renovate the Selangor Shooting Range in Subang, Malaysia. Besides the renovation, the organizers are also building a new 10-meter range to replace the old one, which will cost around 1.8 million ringgit.

Students cancel antigraft rally

Students cancel antigraft rally MAKASSAR, South Sulawesi: Students canceled on Wednesday a rally at the South Sulawesi legislative building in Makassar in support of the government's antigraft drive for fear of possible clashes. The rally, to be staged by members of the Polmas Youth and Student Association (Polmas), was to voice support for Attorney General Baharuddin Lopa's move to rid the country of corruptors, including provincial Golkar Party figure Nurdin Halid.

Eli Lilly plans S'pore unit

Eli Lilly plans S'pore unit SINGAPORE (AFP): US pharmaceutical giant Eli Lilly and Co. will spend US$140 million in the next five years to establish a research and development center in Singapore, the state Economic Development Board said. The Lilly Centre for Systems Biology is scheduled to start operations in early 2001 and is part of Singapore's efforts to build a centre for biomedical research, the board said in a press statement late Tuesday.

Palm oil at 2.5 month high on India talk

Palm oil at 2.5 month high on India talk KUALA LUMPUR (Reuters): Technical covering pushed Malaysian palm oil futures to a 2-1/2 month high on persistent talk that India planned to cut import duty, traders said on Wednesday. The benchmark third-month September contract was up 16 ringgit at 854 ringgit (US$224.74) a ton. Volume was 2,005 lots. India, whose crude palm oil import duty stands at 75 percent, was Malaysia's biggest palm oil buyer in 2000, taking 2.03 million tons.

Spotlight

Spotlight Photo: Bali BALI GALLERY NEW MALL IN KUTA: Bali Governor Dewa Beratha signs a placard to mark the opening of Mal Bali Galeria, a one-stop shopping center in the popular tourist town of Kuta. Duty Free Shop and Ema Chinese Restaurant are among the mall's tenants. The mall, which was opened on Monday, also has several department stores. Planet Hollywood and Studio 21 cineplex will also be setting up their operations here at the end of the year.

UIC 2000 income increased

UIC 2000 income increased JAKARTA (JP): Chemical producer PT Unggul Indah Cahaya (UIC) announced on Wednesday a net consolidated income of US$13.8 million for 2000, a 54.7 percent increase from $9 million in the previous year. The company said in a statement that its earnings from the exports of alkylbenzene increased 13.3 percent to $23 million last year from $20.3 million the previous year. Export volumes reached 20.976 tons in 2000, a 23 percent increase on the previous year.

Supreme Court holds Tommy's tax document

Supreme Court holds Tommy's tax document JAKARTA (JP): The Supreme Court's deputy chief justice for civil and administrative courts, Paulus Effendi Lotulung, said on Wednesday the court possessed the reportedly missing decision in a case involving a company belonging to fugitive Hutomo "Tommy" Mandala Putra. Speaking to journalists in his office, Paulus said the Supreme Court asked the Jakarta State Administrative Court on Monday if it still had a copy of the Supreme Court decision.

Indonesia to recover faster after August special session: Ramli

Indonesia to recover faster after August special session: Ramli KUALA LUMPUR (AFP): Indonesia's economy will recover faster after Aug. 1 whatever the outcome of a parliamentary session which could impeach the president, Finance Minister Rizal Ramli said Wednesday. Ramli warned however that Indonesia's budget deficit this year could balloon to 6 percent of gross domestic product (GDP), from 3.7 percent in 2000, amid a weakening rupiah and rising interest rates.

Where to go in Bali:

Where to go in Bali: The 23rd Bali Arts festival at The Werdhi Budaya Art Center at Jl. Nusa Indah, Denpasar : June 28: The romantic Semara Pagulingan traditional gong ensemble of Denpasar's Kaja Sesetan hamlet. Plus the grand procession of Ngelawang Agung of Tabanan regency, 10 a.m. - Japanese contemporary dances and music performance by Asian Paradise and Hagolomo troupes. Traditional masked dance drama Wayang Wong of Gianyar regency.

Aceh peace talks must prioritize civilian protection: Amnesty

Aceh peace talks must prioritize civilian protection: Amnesty LONDON (Agencies): Peace talks on Aceh, which are to resume in Geneva next week must prioritize human rights protection, Amnesty International said on Tuesday.

Asia must adopt managed float: Japan

Asia must adopt managed float: Japan KUALA LUMPUR (Reuters): Emerging economies in Asia should adopt a managed currency float tied to a trade-weighted basket of currencies, Japan's top financial diplomat Haruhiko Kuroda said on Wednesday. Kuroda, Vice Finance Minister for International Affairs, said neither the extremes of a free-floating exchange rate or a hard peg would be suitable for developing east Asian markets.

Poll still places RI among the most corrupt countries

Poll still places RI among the most corrupt countries BERLIN (AFP): The latest poll by Transparency International still put Indonesia among the most corrupt countries with scores of two or less, with Finland, Denmark and NewZealand ranked the 'cleanest' ones with scores of between nine and ten.

WB approves US$422 million in loans for Indonesia

WB approves US$422 million in loans for Indonesia WASHINGTON (Reuters): The World Bank said on Tuesday it had approved new loans of US$422 million for Indonesia and said it could increase lending to as much as $1 billion annually if an impasse with the IMF were resolved. The larger of the two loans, the Kecamatan development project, totals $320.2 million and is aimed at reducing poverty in 15,000 poor villages across the country, potentially helping up to 30 million rural Indonesians.

Major challenges lie ahead at the end of HIV/STD project

Major challenges lie ahead at the end of HIV/STD project By I Wayan Juniartha DENPASAR, Bali (JP): With more than four million condoms distributed and at least 30,000 people educated in the basic knowledge of sexually transmitted diseases (STDs) and HIV/AIDS in Bali alone, the five-year Indonesia HIV/AIDS and STD Prevention and Care Project Phase One officially ended in June. "I am quite pleased with the result of the project.

Banks required to report suspicious transactions

Banks required to report suspicious transactions JAKARTA (JP): Bank Indonesia said on Wednesday that its new "know your customer" ruling required banks to report any suspicious transactions as part of a concerted effort to improve prudential banking practices and help curb money laundering. Bank Indonesia deputy director for legal affairs Junus Husein said Bank Indonesia Ruling No. 3/2001 was issued on June 18, and had since been put into effect.

Lautan Luas revenue drops

Lautan Luas revenue drops JAKARTA (JP): Chemical company PT Lautan Luas said that its net income for last year dropped to Rp 26 billion (US$2.3 million) from Rp 55.7 billion in 1999. "The primary cause of this reduction is the foreign exchange loss due to rupiah exchange rate fluctuations," Lautan Luas president Indrawan Masrin said in a statement on Wednesday.

Rupiah rate June 27

Rupiah rate June 27 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Photographer captures images of Balinese art

Photographer captures images of Balinese art By Alpha Savitri DENPASAR, Bali (JP): Except for one small room in the Ksirarnawa Building, the month-long 23rd Bali Art Festival in Denpasar would have been just another routine annual event in which the arts were placed center stage. In that room there is a display of some 40 photographs, recording important events in this annual art festival between 1991 and 2000.

Indonesia Open badminton c'ships 'on as planned'

Indonesia Open badminton c'ships 'on as planned' JAKARTA (JP): The Badminton Association of Indonesia (PBSI) strongly denied a report from the Asian Badminton Confederation (ABC) saying that the US$170,000 Indonesia Open was being postponed until November. "The Indonesia Open will still take place from July 23 until July 29 at the Bung Karno Indoor Stadium as scheduled. We are still preparing for the event," PBSI secretary-general Leo Chandra Wiranata told reporters on Wednesday.

Urban poor hold rally

Urban poor hold rally JAKARTA (JP): Hundreds of becak (pedicab) drivers (photo above) held a march on Wednesday to demand that the poor be given the right to earn a living in the capital. The march, organized by several non-governmental organizations, began at the National Monument and passed by the Ministry of Foreign Affairs and the City Council building, before ending at the United Nations representative office on Jl. Thamrin.

Artist Yos Suprapto skewers a culture of barbarism

Artist Yos Suprapto skewers a culture of barbarism By Aendra H. Medita JAKARTA (JP): Dissatisfaction and a desire for change from the established order in which avarice and injustice have been allowed to run amok are the grand themes in Yos Suprapto's paintings and drawings.

Sampoerna to buy back 28m shares from Panamas

Sampoerna to buy back 28m shares from Panamas JAKARTA (JP): Shareholders of publicly listed cigarette producer PT Hanjaya Mandala Sampoerna agreed on Wednesday to buy back its 28 million shares worth Rp 336 billion (US$29.5 million) from its subsidiary PT Perusahaan Dagang dan Industri Panamas. Sampoerna's outgoing finance director Ekadharmajanto Kasih said that the buyback would increase the shareholders earnings following a decrease in its total shares to 900 million from 928 million.

Fishermen complain over intimidation

Fishermen complain over intimidation JAKARTA (JP): Some 100 people from 206 fishing families who are being forced out of their homes in East Ancol, North Jakarta, filed a complaint with the National Commission on Human Rights on Tuesday, accusing the North Jakarta mayoralty of intimidation. "The mayoralty and the military have intimidated us three times this month," Heru, the spokesman for the group, told The Jakarta Post.