Indonesian Political, Business & Finance News

Archive: 29 June 2001

55 articles found

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.

Lakers' victory inspires Aspac, Bhinneka eyes bonus

Lakers' victory inspires Aspac, Bhinneka eyes bonus JAKARTA (JP): LA Lakers' success in claiming its second victory in the NBA finals, defeating Philadelphia 76ers 4-1 earlier this month, has boosted the motivation of local club Aspac to retain its title in the Nuvo Kobatama league.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 Documentary 9:00 Woman's Program 10:00 Music 12:00 p.m. Interval 3:00 News 3:30 Documentary 4:00 Children's Program 5:00 News 6:00 Village News 7:00 Evening News 8:00 Traditional Show 9:30 Music 10:00 News 11:00 TV...

Debt restructuring deal to earn Bakrie & Brothers Rp 4t

Debt restructuring deal to earn Bakrie & Brothers Rp 4t JAKARTA (JP): Publicly listed holding company PT Bakrie & Brothers said on Thursday the implementation of its US$1.08 billion debt restructuring deal would earn the company some Rp 4 trillion (about US$353 million) this year.

Rupiah rate June 28

Rupiah rate June 28 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,919.00 11,919.00 11,362.00 11,476.00Australian dollar 1 5,650.58 6,174.04 5,879.84 5,944.57Austrian schilling 1 681.87 744.66 709.53 716.98Belgian franc 1 232.59 254.01 242.03 244.

KONI gets Rp 500m donation for 2001 SEA Games

KONI gets Rp 500m donation for 2001 SEA Games JAKARTA (JP): The National Sports Council (KONI)'s complaints of financial shortages apparently attracted the attention of publicly listed animal feed and poultry company Japfa Comfeed Indonesia.

Keep your wits about you to ward off crime

Keep your wits about you to ward off crimeBy Maria Kegel JAKARTA (JP): If you look like a potential victim, carrying yourself like you are not paying attention to your surroundings, then chances are you will end up as one.

HIV and teenage pregnancies on the up

HIV and teenage pregnancies on the up JAKARTA (JP): What comes to your mind about sex?Teenagers from 10 high schools who had gathered at a discussion about HIV/AIDS at Bulungan Youth Stadium, South Jakarta, on Thursday had similar answers: sex is "physical contact between man and woman".

DPR and its maneuvering

DPR and its maneuveringFrom Koran TempoIf you take a hard look at our nation's legal system, you will be shocked to see that it is fraught with ironies. The 1998 reform movement -- expected to become the pillar for upholding the supremacy of the law -- still proves to be elusive.

Improving RI-Aussie trade alliance

Improving RI-Aussie trade allianceBy Bob Widyahartono JAKARTA (JP): The Asia Pacific is currently considered as the world's most dynamic region of growth in trade and economic output.This dynamic growth, as noted by Ross Garnaut and Peter Drysdale (Asia Pacific Regionalism, 1995), reflects...

Is this hope real?

Is this hope real? With the special session of the People's Consultative Assembly now only a month away, a glimpse of what the Indonesian political landscape might look like in the near future is slowly beginning to emerge.

EU must not downplay SE Asia, says Singaporean minister

EU must not downplay SE Asia, says Singaporean minister SINGAPORE (AFP): It would be a mistake for the European Union (EU) to downplay Southeast Asia in favor of the more vibrant economies of Northeast Asia, a Singapore minister said in a speech issued here Thursday.

Council urges bus fare hike be reviewed

Council urges bus fare hike be reviewed JAKARTA (JP): The City Council will likely turn down the government's proposal to increase bus fares by up to almost 60 percent, saying that the hike should be lower.

Abdurrahman meets Aboriginal leaders

Abdurrahman meets Aboriginal leaders DARWIN, Australia (AFP): President Abdurrahman Wahid was welcomed Thursday in Australia's far north by Indonesian-speaking Aborigines.The president, who returned to Australia after a brief visit to New Zealand before his scheduled departure for the Philippines,...

Beware of Philippines-style electricity crisis

Beware of Philippines-style electricity crisisBy James Castle and Todd Callahan JAKARTA (JP): In many ways Indonesian consumers are no different than consumers in other countries. From San Francisco to Jakarta it is a universal truth that no customers take pleasure in being asked to pay more.

Hopewell in pact to sell power plant

Hopewell in pact to sell power plant HONG KONG (Reuters): Hong Kong-based Hopewell Holdings Ltd.'s chairman Gordon Wu said on Thursday that the company has reached a provisional agreement with the Indonesian government to sell its interest in a stalled power station project.

Three Armed Forces chiefs to be removed

Three Armed Forces chiefs to be removed JAKARTA (JP): In the latest example of psy-war tactics leading up to the crucial People's Consultative Assembly special session, President Abdurrahman Wahid's allies disclosed on Thursday a new plan by the embattled leader to replace the three armed forces...

Pertamina issues warning to ExxonMobil Oil

Pertamina issues warning to ExxonMobil Oil JAKARTA (JP): The president of state-owned oil and gas company Pertamina, Baihaki Hakim, said he asked ExxonMobil Oil Indonesia Inc., a unit of American energy giant ExxonMobil Corp.

Maluku Brimob get AK-101 rifles

Maluku Brimob get AK-101 rifles AMBON, Maluku: To replace the aging weapons of its Mobile Brigade personnel in Maluku, the National Police dispatched some 200 AK-101 rifles for officers on duty in the province, the deputy chief of the Maluku Police, Sr. Comr. Tommy Yacobus, said on Thursday.

Pests attack genetically modified cotton

Pests attack genetically modified cotton MAKASSAR, South Sulawesi (JP): Hundreds of hectares of the genetically modified cotton fields at three villages in the regency of Bulukumba, South Sulawesi, have been destroyed by pests identified as Helicoverpa armigera and Spodoptera.

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...

Message from Teofisto T.Guingona,JR.

Message from Teofisto T.Guingona,JR. Vice President and Secretary of Foreign Affairs The Republic of Philippines It is with great pride and joy that Filipinos all over the world celebrate the 103rd Anniversary of Philippine Independence.

Houses torched, 1 killed as fresh rioting rocks Poso

Houses torched, 1 killed as fresh rioting rocks Poso PALU, Central Sulawesi (JP): The town of Poso, some 225 kilometers southeast of here, was still tense on Thursday following fresh rioting, in which one woman was killed and a number of houses in several Poso Pesisir district villages burned to...

Councillors off on foreign trip

Councillors off on foreign trip PALEMBANG, South Sumatra: The provincial legislature here has closed up shop for the time being, with all of the councillors having left the building.The legislature has been left vacant since Wednesday, when 73 councillors departed in separate groups for Thailand,...

Six robbers abscond with Rp 5m

Six robbers abscond with Rp 5m BOGOR, West Java: Six armed men absconded with Rp 5 million in cash from a house in Pejeleran village here on early Wednesday morning after threatening to rape their victim's daughter.The victim, Nazat, 45, told the Bogor police that the robbery started at 1.30 a.m.

Searching for bombs, police find 'shabu-shabu'and ecstasy pills

Searching for bombs, police find 'shabu-shabu'and ecstasy pills JAKARTA (JP): During a raid in search of bombs at a boardinghouse, police found on Thursday shabu-shabu (crystal menthaphetamine) and ecstasy pills instead.Police arrested two men at the boardinghouse on Jl.

Thieves mobbed in East Jakarta

Thieves mobbed in East Jakarta JAKARTA (JP): Two thieves who were caught red-handed stealing money amounting altogether to Rp 22,600 (US$2) at two separate locations in East Jakarta early on Thursday were severely beaten by local residents before being handed over to the police.

Warming of Australia-RI ties may be temporary

Warming of Australia-RI ties may be temporaryBy Michael Christie SYDNEY (Reuters): The first visit in 26 years to Australia by an Indonesian leader breathed some warmth back into ties that have been chilly since Canberra led international peacekeepers into East Timor two years ago.

Cheated by a 'doctor'

Cheated by a 'doctor'From Sinar PagiSome time ago a relative of mine received a call from a man claiming to be a doctor at a private hospital. He said a relative of mine had met with an accident and was in critical condition at the hospital.

Quashing corruption should be free from interference

Quashing corruption should be free from interference Attorney General Baharuddin Lopa will never be successful in fighting corruption without political support from the House of Representatives (DPR), the People's Consultative Assembly (MPR) and the President, says coordinator of Indonesian...

Govt plans to merge Bank Mandiri with BII

Govt plans to merge Bank Mandiri with BII JAKARTA (JP): The government said on Thursday it planned to merge the country's largest bank, state-owned Bank Mandiri with publicly listed Bank Internasional Indonesia (BII), as part of efforts to consolidate the banking industry.

Corrupt practices rampant in state enterprises: Official

Corrupt practices rampant in state enterprises: Official JAKARTA (JP): An official admitted on Thursday what many have long suspected: the practice of corruption, collusion and nepotism is rampant in state enterprises.

Persija wins at home

Persija wins at home JAKARTA (JP): Persija Jakarta took over the lead of the western division of the Bank Mandiri soccer league from PSMS Medan, North Sumatra, with a 3-1 victory over Persita Tangerang at Lebakbulus Stadium in South Jakarta on Thursday.

Ex-brothel project to start soon

Ex-brothel project to start soon JAKARTA (JP): The Jakarta administration's plan to transform the former Kramat Tunggak brothel complex into an Islamic center will start soon with the laying of the foundation stone on Aug. 1, said a city councillor.

Every computer needs a peripheral

Every computer needs a peripheralBy Zatni Arbi JAKARTA (JP): Come to think of it, a computer system is so much like our stomach. It typically consists of one or more input devices, one central processing unit (CPU), and one or more output devices.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Calligraphy and Illuminations: Spiritual Culture, the National Archives Building, Jl. Gajah Mada 111, Central Jakarta, 9 a.m. to 4:30 p.m., until July 3. * Art in Italian and Indonesian Ceramics in the framework of the Indonesian-Italian Workshop on Advanced and...

Regional representatives cause headache for MPR

Regional representatives cause headache for MPR JAKARTA (JP): What's wrong with the People's Consultative Assembly, which has yet to give the green light for the revival of the regional representatives' faction?And on the eve of the Assembly's special session, the question has raised worries among...

Beware of Philippines-style electricity crisis

Beware of Philippines-style electricity crisis By James Castle and Todd Callahan JAKARTA (JP): In many ways Indonesian consumers are no different than consumers in other countries. From San Francisco to Jakarta it is a universal truth that no customers take pleasure in being asked to pay more.

Riot

Riot Houses torched, one killed as fresh rioting rocks Poso. Page 2 Toll hike Motorists oppose toll hike for expressways. Page 3Electricity Beware of Philippines-style electricity crisis. Page 5Tennis Agassi coasts into Wimbledon third round. Page 6Jack Lemmon Versatile actor Jack Lemmon dead at 76.

Galang to become biotechnology hub

Galang to become biotechnology hub JAKARTA (JP): Galang island, once a safe haven for Vietnamese refugees, is set to emulate Silicon Valley as a vital center for technology research.But unlike the Arizona-based research center, which focuses on information technology, Galang island will become a...

FATF hypocrisy

FATF hypocrisy While it may be of some embarrassment to Indonesia to be blacklisted by the Financial Action Task Force (FATF) for being uncooperative in preventing money laundering, Indonesia may take heart from the fact that many FATF members are, indeed, themselves guilty of money laundering on a...

Economists warn govt over 2001 budget deficit

Economists warn govt over 2001 budget deficit JAKARTA (JP): Economists warned that the government might fail to maintain the 2001 budget deficit at a safe level of 3.7 percent of gross domestic product (GDP) due to problems in collecting higher tax revenue.Dradjat H.

Scout jamboree

Scout jamboree I read your full page article about the scout movement in Indonesia with interest, (The Jakarta Post, June 23, 2001), being a scout myself over 50 years ago.At the bottom of the page there was a request for donations to support the forthcoming jamboree, however, there was no...

Man gets nine years for Bandung bombing

Man gets nine years for Bandung bombing BANDUNG (JP): The Bandung District Court handed down on Thursday a nine-year jail term to 23-year-old Agus Kurniawan for his role in a bomb blast in Bandung which killed four people last Christmas Eve.

Bank Danamon to hold reverse stock split

Bank Danamon to hold reverse stock split JAKARTA (JP): Shareholders of publicly listed PT Bank Danamon approved on Thursday management's plan to conduct a reverse stock split to avoid delisting by the Jakarta Stock Exchange.

S'pore to bar foreign takeovers of local banks

S'pore to bar foreign takeovers of local banks SINGAPORE (AFP): The Monetary Authority of Singapore (MAS) said Thursday it will bar foreign investors from taking over any local bank but may allow them to have a "strategic" stake.

Woman arrested for visa violation

Woman arrested for visa violation JAKARTA (JP): Immigration authorities apprehended a German woman on Thursday for allegedly violating the terms of her visa, an official said here.Magdalene Christine, who possessed a business visa, was caught in the act while handing out leaflets near the Malaysian...

Multinationals eye local cement firms

Multinationals eye local cement firms JAKARTA (JP): A senior governmental official warned of multinational companies' possible domination of the country's cement industry, saying that such a situation could severely hurt the government's infrastructure development program.

Drive against leaded gasoline uncertain

Drive against leaded gasoline uncertain JAKARTA (JP): Despite the government's promise to free Jakarta from leaded gasoline starting Sunday, Jakartans will still inhale the poisonous substance from vehicle exhausts as the drive to free the city from leaded fuel will not materialize until the end of...

Sea shooting 'not to affect' Malaysia-RI ties

Sea shooting 'not to affect' Malaysia-RI ties JAKARTA (JP): Indonesian Navy chief Adm. Indroko Sastrowiryono played down on Thursday the shooting of a Malaysian fisherman by his troops in the Malacca Straits, saying it would not affect ties between the two countries.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on June 28, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,475 -50 185,500 Adindo Foresta 115 0 99,500 AGIS 140 0 1,739,000 Alakasa 150 0 0 Alfa...

NGOs protest forest looting

NGOs protest forest looting PALU, Central Sulawesi: A group of activists representing 18 non-governmental organizations went to the provincial legislature on Thursday to protest the plundering of the Lore Lindu national park.

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.

Motorists oppose toll hike for expressways

Motorists oppose toll hike for expressways JAKARTA (JP): Several motorists opposed the planned increase of tolls on major toll roads to 30 percent, saying toll road operators should first improve their services.

Timber firms slam govt's new reforestation ruling

Timber firms slam govt's new reforestation ruling JAKARTA (JP): The country's timber companies have voiced criticism of the government's new policy of obliging them to make huge reforestation fund payments prior to the commencement of their operations, saying that the policy will bankrupt most of...