Indonesian Political, Business & Finance News

Archive: 8 June 2001

60 articles found

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 100 grams of shabu- shabu (crystal methamphetamine) as evidence, Bekasi Police chief of detectives Adj. Comr. Wahyu Handoyo said.

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. Bulog chief Widjanarko Puspoyo said here on Thursday that imposing nontariff barriers such as by setting quotas on rice imports would be more effective than raising import duties.

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. Company president Amiruddin Riayat said the premium income booked during the four-month period jumped 320 percent from Rp 207 billion in the same period last year.

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 accepted his accountability report.

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. Palm oil prices are set to be lower on average than in 2000, as a result of rising output and high global inventories, M.R.

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. Dwight Jordan de Fretes identified the victim as Erwin, 55, who told Depok Police that the "detectives" who barged into his home, had first accused Erwin's home of being a drug supplier's den.

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., until June 30. * A History of Today, Anne Frank, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), 7:30 p.m., until June 16.

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. The overwhelming parliamentary vote in favor of formal impeachment hearings sealed Mr. Wahid's fate as the country's chief executive, even though he continues to resist the inevitable.

Stock Exchange

Stock Exchange Stock 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 1,050 -25 19,500 Alter Abadi 100 0 0 Alumindo Light 550 0 0 Andhi Chandra 1,800 0 0 Aneka Kimia Raya 150 0 0 Aneka Tambang 900 0 1,052,500 Apac Citra 330 0 0 Aqua Golden 12,500 0 0 Argha Karya Prima 200...

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. Committee chairman Tarmudji, when asked by journalists, vehemently denied the allegations, saying they were merely rumors.

Loathsome TV dramas

Loathsome TV dramas From Republika The 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. Still, those films without overly tearful love, like Keluarga Cemara and Fatahillah, are selling pretty well.

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. Fadil Imran said that the victim, identified as Andrean Limoel Ciputra, 28, was an employee of PT Duta Integran Nusantara, which deals in foreign exchange.

'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.

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 also expects China's palm oil imports to rise to 1.5-1.6 million tons in 2001, from 1.4 million tons last year, Indonesia's Minister of Industry and Trade Luhut Pandjaitan told Reuters in an interview.

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. The roadshow will be held in Jakarta, Surabaya, Bandung, Makassar, Palembang and Medan, considered to be major sources of migrants to the industrial island, the head of Batam Population Agency, Suprayitno, told the news agency.

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 plenary session scheduled for Aug. 1.

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. Chairman of the team Fathorrosjid said on Thursday at least three of the suspected rioters had been admitted to Bhayangkara Police Hospital for injuries they sustained.

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.

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 process. "We have conducted the registration proceedings based on international standards, despite its shortcomings.

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. Governor Sutiyoso said at City Hall on Thursday he had read about the possible investment in the city's road system, and was hopeful the investors would soon realize the plan.

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. Winters, an associate professor at Northwestern University in Illinois, said Indonesia and its foreign creditors should shoulder an equal share of the debts.

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. Such an event would have been unthinkable during the Soeharto era. On Friday when former President Soeharto turns 80, what during the New Order was a quasi national event, is likely to pass quietly with little or no fanfare.

Succession obsession gives Malaysia's UMNO heartburn

Succession obsession gives Malaysia's UMNO heartburn By 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 time soon. Next month Mahathir celebrates 20 years in charge, but the 75- year-old premier does not seem to be winding down.

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. The Ministry of Finance's directorate general of budgetary affairs is prepared to include the council's requested funding in the revised 2001 state budget, which is still being discussed by the finance minister and the House of Representatives.

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.

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 ankle. The taxi driver, Murtono, made no attempt to apologize or explain his actions. Rather, he laughed at me and left.

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. Sjahril said that the proposed new budget assumptions were considered "realistic," only on the assumption that political conditions improved significantly in the second half of this year.

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.

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. Sky Bar is hard to figure, like its slogan: funky way to the sky.

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. The private commercial bank, identified as PT PIB, invites customers to invest their money in a U.S. dollar deposit scheme where its interest will not be taxed.

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.

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 butterflies have become so alarming lately that they could affect the future of other plants and animals in the park.

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.

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. He is survived by his wife, feminist figure Julia Suryakusuma and son, Aditya Pryawardhana. Ami most recently received treatment at the Puri Cinere hospital for a number of ailments, including hypertension, diabetes and lung problems.

'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 to assemble 250 Kancil vehicles in the next three months. The marketing director of automotive firm PT. Kurnia Abadi Niaga Citra Indah Lestari (Kancil), Kresna D.

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.

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.

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). JAKARTA (JP): There was a period when I simply adored Bung Karno, followed by moments when I was disappointed in him. Later in life I was critical of him and even rejected his ideas.

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. Page 7 'Blangkon' 'Blangkon' makers fighting to stay in business. Page 8 Bar Up in the air at the Sky Bar on Jl. Thamrin. Page 9 Rice import Bulog wants quotas imposed on rice imports.

Global fight against corruption

Global fight against corruption By 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. This recognition, raised in the second Global Forum on Anti- Corruption and Safeguarding Integrity held from May 28 through May 31, is important to uphold the commitment of the international community to fight corruption.

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. The Anglo-Dutch oil giant will decide by the end of 2001 if it will proceed with the project, which would include an ethylene cracker, said Shell spokeswoman Wang Yean Sung. An ethylene cracker breaks down the chemical ethylene into other chemicals used in the plastics industry.

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. Deputy Prime Minister Abdullah Ahmad Badawi conceded that the Malaysian Chinese Association was split over its plan to buy control of the two Chinese-language dailies, the Bernama national news agency reported.

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. The corpse of Syahrial, 22, lay at Cipto Mangunkusumo General Hospital (RSCM) morgue on Thursday, was marked with bruises and had yet to be examined by forensic doctors. According to witness Second Pvt.

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. The way this ministry has handled the increase in telephone rates for fixed lines is a travesty in the art of communication that borders on deception. The government, i.e.

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$3.75 billion) was not realistic as it would cause current fuel prices to double. Rizal said that such a price hike amid current social and economic conditions would create serious problems.

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. "All karatekas are here to give their best as their official duty to represent this country. They must remember that Indonesian citizens are financing their training," Willem told The Jakarta Post on Thursday.

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.

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. The Indonesian rupiah ended slightly higher in uneventful trading as some foreign oil companies sold dollars to get rupiah for corporate tax payments, dealers said.

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$77.8 million) during the January to April period, and exceeded the whole year's target of Rp 730 billion.

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. The country's best hope of bringing home a title in the men's doubles, Tony Gunawan and Halim Heryanto, seeded fifth, had a comfortable victory over Liu Yong and Chen Qiqiu of China 15-13, 15-5 on Thursday.

Rupiah rate June 7

Rupiah rate June 7 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

'Blangkon' makers fighting to stay in business

'Blangkon' makers fighting to stay in business Text 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 the aristocracy, a royal servant or commoner. Today, with changes in fashion and society, it has lost its former function. Now it is nothing more than an accessory, a curiosity of a time gone by.

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. Today, we honor with even greater attention the memory of our heroes. We recall their martyrdom for the freedom that we now enjoy. We are profoundly grateful.

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. Presiding Judge Amiruddin Zakaria said Gus Dur's lawyer, Baharuddin Lopa, who is also the attorney general, did not provide his substitute, Nien Arjono of the Attorney General's Office, with a document on the power of attorney.

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. "These retailers are one of the drivers of change," said Adrian Polhill, global food product manager of Swiss-based SGS Food Services.

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 21.67 percent average approved by the House of Representatives. Telkom vice president for corporate communications Dodi Amarudien said the sharp increase in telephone rates was caused by the rate system changing to a single rate.

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. "I object to the decision (to suspend Bimantoro) because it should have followed the correct procedures.

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. The latest demonstrations were part of the All-Indonesia Workers Union Federation (FSPSI) protest against the controversial decrees which reduce severance and service payments for dismissed employees.

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.

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. APRIL said in response to Reuters query that its subsidiaries were negotiating with lenders to modify cash flow assumptions and intended repayment obligation due to product price falls.