Indonesian Political, Business & Finance News

Archive: 8 June 2001

60 articles found

Batam to control migration

Batam to control migration BATAM, Riau: The municipal authority of Batam plans to hold a roadshow to publicize its new strict migration rules at six different cities in Indonesia, Antara reported on Thursday.

Up in the air at the Sky Bar on Jl. Thamrin

Up in the air at the Sky Bar on Jl. Thamrin JAKARTA (JP): Nice view. Really nice view. Yeah, look at the view. That sums up the Sky Bar. Drop by, look out the windows and then get out, fast, before some waiter attaches to you and starts making like you're best friends.

KL slams U.S. for interference

KL slams U.S. for interference KUALA LUMPUR (AP): Under increasing pressure to free opposition activists sent to jail without trial for up to two years, the Malaysian government defended a tough security law and accused the United States of interfering in its internal affairs.

Uncertainty could affect budget: BI

Uncertainty could affect budget: BI JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin warned on Thursday that the basic macroeconomic assumptions used in the revised 2001 state budget would not be realistic if political uncertainty in the country continued throughout the rest of the year.

Object of ridicule

Object of ridicule On May 31, 2001, I had lunch at the Kristal hotel and ordered a taxi to leave with the help of one of the hotel employees at the car call stand.As I stepped into a Bluebird taxi (431) at the head of the taxi queue, the taxi driver moved the vehicle and I sustained a sprained left...

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.

KONI may receive additional funds from state budget

KONI may receive additional funds from state budget JAKARTA (JP): The National Sports Council (KONI) may receive the additional funding it requested to train its athletes for the Southeast Asian (SEA) Games.

Succession obsession gives Malaysia's UMNO heartburn

Succession obsession gives Malaysia's UMNO heartburnBy Simon Cameron-Moore KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad's decision to fill the vacant finance minister post himself is at first glance hardly a sign Asia's longest serving leader plans to give up high office any...

Life turns around for 80-year-old Soeharto

Life turns around for 80-year-old Soeharto JAKARTA (JP): How things have turned around.Two days ago 10,000 people gathered in the country's largest stadium to adore the late president Sukarno on the 100th anniversary of the birth of the state's founding father.

Indonesia to seek moratorium on 'illegitimate' debts

Indonesia to seek moratorium on 'illegitimate' debts JAKARTA (JP): Indonesia should seek a partial debt moratorium on some US$30 billion of "illegitimate" foreign debts accumulated during the 30-year rule of former president Soeharto, an American expert said on Thursday.Jeffrey A.

Saudi investment expected for project

Saudi investment expected for project JAKARTA (JP): The city administration expects Saudi investors to channel up to US$850 million into a subway or triple-decker road and railway project that is hoped will ease traffic woes.

Chairman to take responsibility for registration result

Chairman to take responsibility for registration result KUPANG, East Nusa Tenggara (JP): The chairman of the organizing committee for the East Timor refugee registration in East Nusa Tenggara, Amin Rianom, said on Thursday that he was ready to take responsibility for the results of the registration...

Businessman Syamsul sought in Japan

Businessman Syamsul sought in Japan JAKARTA (JP): Attorney General Baharuddin Lopa disclosed on Thursday a plan to send a senior prosecutor to Tokyo to bring home tycoon Syamsul Nursalim, a suspect in a graft case who reportedly went to Japan last week for medical treatment.

Riot suspects in Pasuruan tortured: PKB

Riot suspects in Pasuruan tortured: PKB SURABAYA (JP): An investigation team formed by the National Awakening Party (PKB) faction at the East Java provincial legislature claims to have found evidence that people arrested following riots in Pasuruan were tortured during police questioning.

Impeachment threat likely to materialize

Impeachment threat likely to materialize JAKARTA (JP): The impeachment threat against Abdurrahman Wahid looks likely to materialize as factions at the People's Consultative Assembly agreed almost unanimously on Thursday to ask the beleaguered President to deliver his accountability speech before a...

ICW reveals alleged tax embezzlement

ICW reveals alleged tax embezzlement JAKARTA (JP): The Indonesian Corruption Watch (ICW) revealed on Thursday an alleged multimillion dollar tax embezzlement operation disguised under a bank's deposit scheme that has occurred in the past five years.

RI sees palm oil output at 7m tons

RI sees palm oil output at 7m tons SHANGHAI, China (Reuters): Indonesia, the world's second largest palm oil producer, plans to churn out seven million tons of the edible oil in 2001, up from 6.5 million tons last year, its top trade official said on Thursday.

'It will all over in August'

'It will all over in August' JAKARTA (JP): Vice President Megawati Soekarnoputri gave her strongest signal yet at what she expects to happen in the coming months when she said the political impasse gripping the country would be over by mid-August.

Young broker dies after leap from 37th floor of building

Young broker dies after leap from 37th floor of building JAKARTA (JP): A stressed out young broker allegedly jumped to his death from the 37th floor of the Bank BNI 46 building on Jl. Sudirman in Central Jakarta, early on Thursday morning.Tanah Abang Police subprecinct chief Adj. Comr.

Loathsome TV dramas

Loathsome TV dramasFrom RepublikaThe more I watch Indonesian TV dramas, the greater my loathing grows. Are there no better original stories than the dull themes of love and hedonism? Local sinetron (TV serials), as they are popularly called, should be more appropriately named a public fooling arena.

West Java councillors suspected of bribery

West Java councillors suspected of bribery BANDUNG (JP): The chairman of a West Java Council special committee auditing the annual accountability report of Governor R. Nuriana has denied allegations that bribery took place in order to facilitate the approval of the report.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 7, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,500 -50 446,500 Adindo Foresta 110 0 25,000 AGIS 140 0 700,000 Alakasa 150 0 0 Alfa Retailindo...

Air of pessimism

Air of pessimism The short and unhappy tenure of Abdurrahman Wahid as president of Indonesia is moving inexorably to an end. Unfortunately, there is at present little reason for optimism that his successor will head a government of much greater effectiveness.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Art in Italian and Indonesian Ceramics in the framework of the Indonesian-Italian Workshop on Advanced and Conventional Ceramics, Italian Cultural Institute, Jl. HOS Cokroaminoto 117, Central Jakarta (Phone: 3927531), Monday to Friday, 9 a.m. to 3 p.m.

Bogus detectives rob businessman

Bogus detectives rob businessman BOGOR (JP): Claiming to be police detectives, four men barged into the home of a businessman, on Jl. Kenanga in the Kota Batu village of Ciomas and robbed him of his car, gold jewelry and electronic equipment.Depok Police chief of detectives First. Insp.

Malaysia's record CPO output pressures prices

Malaysia's record CPO output pressures prices KUALA LUMPUR (Dow Jones): Malaysia's palm oil output is expected to hit yet another record high this year, prompting industry participants and the government to step up efforts to seek creative ways to boost usage, and prevent a further slide in prices.

Governor accused of corruption

Governor accused of corruption BANJARMASIN, South Kalimantan: A law expert called on the South Kalimantan state prosecution office to investigate allegations of corruption, collusion and nepotism (KKN) against Governor Sjachriel Darham, even after the majority in the legislative council had...

Jasindo books hefty premium income

Jasindo books hefty premium income JAKARTA (JP): State-owned general insurance firm PT Asuransi Jasa Indonesia (Jasindo) said here on Thursday that its premium income reached Rp 872 billion (US$77.8 million) during the January to April period, and exceeded the whole year's target of Rp 730 billion.

Bulog wants quotas imposed on rice imports

Bulog wants quotas imposed on rice imports JAKARTA (JP): The State Logistics Agency (Bulog) is seeking support from the House of Representatives to impose quotas on rice imports in an attempt to protect local farmers.

Two shot to death over drugs

Two shot to death over drugs JAKARTA (JP): Two suspected drug dealers were shot to death by the police, right in front of the Grand Mall on Jl. Sudirman in West Bekasi, late on Wednesday night.The police also confiscated an FN 45 gun and five bullets from the hands of the dead suspects, along with...

House proposal on higher fuel price rise rejected

House proposal on higher fuel price rise rejected JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli said on Thursday that the demand of the House of Representatives to maintain the fuel subsidy at Rp 41.3 trillion (about US$3.

Nine Malaysians arrested over bid to wage holy war

Nine Malaysians arrested over bid to wage holy war KUALA LUMPUR (AFP): Malaysian police said on Thursday they have arrested nine suspected members of a foreign-inspired group which planned a "holy war" to create a purist Islamic society.

Workers stage rallies to reject new decree

Workers stage rallies to reject new decree JAKARTA (JP): Workers across the country stepped up their protest on Thursday to demand the annulment of ministerial decrees No. 78/2001 and No. 111/2001, along with the resignation of Minister of Manpower and Transmigration Alhilal Hamdi.

Megawati objects to suspension

Megawati objects to suspension JAKARTA (JP): Vice President Megawati Soekarnoputri talked tough on Thursday, declaring her disagreement with the recent decision to suspend National Police chief Gen. Surojo Bimantoro.

Telkom admits rate hike reaches 167.86%

Telkom admits rate hike reaches 167.86% JAKARTA (JP): State-owned telecommunications company PT Telkom acknowledged on Thursday that the rise in telephone rates under a new rate structure would reach 167.86 percent, which is far higher than the 21.

Retailers boost food safety drive in Asia

Retailers boost food safety drive in Asia SINGAPORE (AFP): Multinational retailers setting up shop in Asia are demanding premium food from local suppliers and improving hygiene and quality standards in the region, food safety specialists said Thursday.

Lopa told to complete document

Lopa told to complete document JAKARTA (JP): The Central Jakarta District Court called off a hearing of a defamation suit against President Abdurrahman "Gus Dur" Wahid on Thursday because Abdurrahman's lawyer has not obtained the power of attorney.

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.

'Blangkon' makers fighting to stay in business

'Blangkon' makers fighting to stay in businessText and photo by Kartika Bagus SURAKARTA, Central Java (JP): In the past, one could tell a man's social position in Java by the blangkon he wore.The cap, made of batik with a small knobbed end, bore symbolic status in defining whether somebody was of...

Rupiah rate June 7

Rupiah rate June 7 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,720.00 11,720.00 11,164.00 11,276.00Australian dollar 1 5,520.80 6,041.66 5,749.46 5,812.78Austrian schilling 1 659.39 721.33 686.70 694.00Belgian franc 1 224.92 246.05 234.24 236.

Indonesian doubles reach Seville quarters

Indonesian doubles reach Seville quarters JAKARTA (JP): Indonesian doubles teams cruised into the quarterfinals of the World Championships at San Pablo Stadium in Seville, Spain, but men's singles Marlev Mainaky and women's singles Lidya Djaelawidjaja fell in the third round.

Big contracts help boost Jasindo's income in Jan-April period

Big contracts help boost Jasindo's income in Jan-April period JP/12/Jasindo'Hefty contracts helped boost Jasindo's Jan to April income' JAKARTA (JP): State-owned general insurance firm PT Asuransi Jasa Indonesia (Jasindo) said here on Thursday that its premium income reached Rp 872 billion (US$77.

Asian currencies mixed late, baht regains footing

Asian currencies mixed late, baht regains footing SINGAPORE (Dow Jones): Asian currencies were mixed late Thursday after having been wedged within narrow trading bands, with a bounce in the Japanese yen providing a mild reprieve for some of the currencies, dealers said.

Probe into plane crash continues

Probe into plane crash continues BANDUNG (JP): The wreckage, including the two engines, of the ill-fated Baron B-58 training plane owned by Curug Civil Aviation Academy was transported to the academy for further analysis on Thursday, an investigator said.

Coach confident karatekas ready to fight at SEA Games

Coach confident karatekas ready to fight at SEA Games JAKARTA (JP): Karate coach Willem Mantiri is upbeat that Indonesian fighters will have good results at the Kuala Lumpur Southeast Asian (SEA) Games in September.

APRIL may alter debt repayment

APRIL may alter debt repayment SINGAPORE (Reuters): Pulp and paper company Asia Pacific Resources International Ltd (APRIL) said on Thursday it was in talks with its creditors to modify its US$1.3 billion debt repayment because of price declines of its products.

Miscommunication?

Miscommunication? As long as we are in the spirit of revamping the Cabinet, President Abdurrahman Wahid should probably rename the Ministry of Transportation and Telecommunication to the Ministry of Transportation and Miscommunication.

Herbal drink-seller killed by police

Herbal drink-seller killed by police JAKARTA (JP): A seller of jamu (herbal drinks) was beaten to death on Wednesday night, allegedly by an angry officer of the National Police elite mobile brigade (Brimob), in front of a police dormitory at Brimob Headquarters in Kelapa Dua, Depok.

Battle for paper may hurt KL govt

Battle for paper may hurt KL govt KUALA LUMPUR (AP): Malaysia's deputy leader on Thursday conceded a key party in the ruling coalition is beset with infighting over a move to take over two influential newspapers, and warned it could affect the government's standing.

Oil giant plans US$1b plant

Oil giant plans US$1b plant SINGAPORE (AP): Royal Dutch/Shell Group is carrying out feasibility studies on building US$1 billion worth of new petrochemical plants in Singapore, a spokeswoman said Thursday.

Global fight against corruption

Global fight against corruptionBy Judo Poerwowidagdo JAKARTA (JP): The international talks on corruption in The Hague, the Netherlands, recognized that corruption is a criminal act which happens not only in developing countries of the south, but in all countries.

Timor refugees

Timor refugees Rianom takes responsibility for refugee registration. Page 2 Tycoon sought Businessman Syamsul Nursalim is sought in Japan Page 3 Sukarno Recollections of Sukarno: Images of a national hero Page 5 Golf Clarke shoots for third straight English Open title.

Recollections of Sukarno: Images of a national hero

Recollections of Sukarno: Images of a national hero The following is the first of two articles on Sukarno by Mochtar Buchori, an educator and also a legislator from the Indonesian Democratic Party of Struggle (PDI Perjuangan).

Illegal entry to Oz is well-organized

Illegal entry to Oz is well-organized CANBERRA (AP): People smuggling into Australia is run by a range of criminal gangs and corrupt officials in China, Thailand, Indonesia and the Mideast, according to a study released on Thursday.

Is history repeating itself?

Is history repeating itself? Dualism in government is again becoming a feature of Indonesian life. In the United States, as happened recently, a presidential candidate with a majority of votes is even prepared to concede defeat to a lesser candidate for the sake of unity.

'Bajaj' replacement program to take years to complete

'Bajaj' replacement program to take years to complete JAKARTA (JP): The city administration's target to flood Jakarta streets with 14,500 kancil vehicles in the next three months, to replace the noisy, polluting bajaj, would not materialize as the company tasked to produce Kancil would only be able...

Ami Priyono passes away after stroke

Ami Priyono passes away after stroke Prominent movie director Ami Priyono, 61, took his last breath on Wednesday morning after suffering a stroke at his home on Jl. Sindanglaya in Cinere, Sawangan, south of Jakarta.

China-Taiwan row mars APEC talks on free trade, WTO

China-Taiwan row mars APEC talks on free trade, WTO SHANGHAI, China (AFP): Trade ministers from 21 Pacific rim economies ended a two-day meeting Thursday by voicing support for a new round of global trade talks, but the forum was overshadowed by an unseemly row between host nation China and Taiwan.

Butterfly theft threatens ecology

Butterfly theft threatens ecology PALU, Central Sulawesi: Rampant theft of rare butterflies is threatening the ecology of the Lore Lindu National Park, according to the agency managing the facility.Agency head Banjar Yulianto Laban told Antara news agency that theft and smuggling of the protected...

CEOSUITE expands to Malaysia

CEOSUITE expands to Malaysia JAKARTA (JP): Indonesian CEOSUITE, which specializes in the provision of serviced office facilities, is expanding its operations to Kuala Lumpur, Malaysia, to cater for businesspeople looking for more efficient and inexpensive office alternatives.