Indonesian Political, Business & Finance News

Archive: 19 July 2001

67 articles found

Ethnic conflict in Central Kalimantan: The aftermath

Ethnic conflict in Central Kalimantan: The aftermathBy Peter Kerr SAMPIT, Central Kalimantan (JP): A middle-aged Dayak woman stands outside her home on Jl. Jenderal S. Parman, one of the wide streets that lead away from the riverside port and market here.

Gas flows again from ExxonMobil's Arun fields

Gas flows again from ExxonMobil's Arun fields JAKARTA (JP): Gas started flowing again from ExxonMobil Oil Indonesia Inc.'s Arun fields in Aceh on Wednesday afternoon, months after the Indonesian unit of the American energy giant Mobil Corp. suspended its operation."The operation was restarted at 4.

Asian nations 'close to' accord on disputed waters

Asian nations 'close to' accord on disputed waters BEIJING (AP): Asian nations are close to agreeing on rules to govern their conduct in the disputed South China Sea, a Chinese Foreign Ministry official said on Wednesday.

Minister mulls raising export tax on CPO

Minister mulls raising export tax on CPO JAKARTA (JP): The government is considering hiking the export tax on crude palm oil (CPO) amid worries that increasing exports of the commodity could push higher the already skyrocketing price of cooking oil on the domestic market.

Asian banks gird for new capital accord

Asian banks gird for new capital accord TOKYO (Reuters): New capital adequacy rules risk widening Asia's divide between strong banks and weak banks with far- reaching consequences for economies across the region.

Tales of battery operated mice

Tales of battery operated miceBy Zatni ArbiJAKARTA (JP): Have you been handling your mouse like a matchbox? Do you have to drag it all over your desktop to get the cursor to the spot where you want it on the screen? Then it is time to go out and buy a new mouse. That was just what I did last week.

ASEAN must work hard to restore lost luster: S'pore

ASEAN must work hard to restore lost luster: S'pore SINGAPORE (AFP): Southeast Asia must redouble efforts to "regain its lost luster", as the region faces an economic downturn and key members battle political problems, Singapore Foreign Minister S. Jayakumar said on Wednesday.

Govt to issue new policy on foreign fishing vessels

Govt to issue new policy on foreign fishing vessels JAKARTA (JP): Minister of Maritime Affairs and Fisheries H. Rohmin Dauri said on Wednesday that the government would introduce a new licensing policy next month which would allow foreign flag ships to fish in Indonesia's exclusive economic zone...

Boehringer acquires plant

Boehringer acquires plant JAKARTA (JP): Pharmaceutical company PT Boehringer Ingelheim Indonesia has acquired a pharmaceutical manufacturing plant in Bogor, West Java, to enable it to manufacture its own prescription and nonprescription drugsThe company said in statement on Wednesday that the...

RI takes action against forest fires

RI takes action against forest fires SINGAPORE (Reuters): Indonesia is taking action to curb fires raging in Sumatra and Kalimantan which have been driving up regional pollution levels, Singapore's environment ministry said on Wednesday.

RI greenfields among the region

RI greenfields among the region JAKARTA (JP): Golf Digest Indonesia in its June 2001 edition identified Indonesia as home to some 250 golf courses.In the edition, the monthly presented "the best golf courses in 100 countries" in the Planet Golf column.

Property market remains bleak

Property market remains bleakBy 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.

Government considers tax incentives

Government considers tax incentives JAKARTA (JP): Amid the current political crisis and security concerns, the government is considering offering the oil and gas industry tax incentives to lure more investors into the country, a senior government official said on Wednesday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on July 18, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,400 -25 62,500 Adindo Foresta 120 5 2,021,500 AGIS 140 0 2,608,500 Alakasa 175 15 19,000...

IBRA tightens up criteria for BCA bidders: Mar'ie

IBRA tightens up criteria for BCA bidders: Mar'ie JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Wednesday that the tender for its stake in Bank Central Asia was still open to new bidders, but that the criteria for investors were being tightened.

Officer detained for shooting

Officer detained for shooting JAKARTA (JP): The South Jakarta Police's internal affairs division are questioning First. Brig. Kurniawan over the shooting of a man during a brawl on Jl. Penggadaian in Pejaten Timur, Pasar Minggu, on Tuesday night.South Jakarta Police chief Sr. Comr.

Mother, daughter missing in fire

Mother, daughter missing in fire PADANG, South Sumatra: A mother and her daughter are feared dead in the fire that razed their shop-house here on Wednesday.Firemen and residents were unable to find the bodies of Chandra Ningsih, 42, and Ivoniwati, 20, as of Wednesday afternoon, hours after they put...

Announcement

Announcement Due to the increase in production costs over the past year, which have been exacerbated by the recent increase of fuel and electricity prices, The Jakarta Post, while continuing to provide readers with up-to-date news and high quality information, has been compelled to raise its...

Councillors queried for using state funds for their studies

Councillors queried for using state funds for their studies JAKARTA (JP): Dozens of activists from the Indonesian Democratic Party of Struggle (PDI Perjuangan) gathered at City Council on Wednesday to protest the use of city funds by councillors to finance their education.

Bayu, Aprilia to compete in World Judo Championships

Bayu, Aprilia to compete in World Judo Championships JAKARTA (JP): Indonesian men's judoka Kresna Bayu and women's judoka Aprilia Marzuki will compete at the World Championships in Munich, Germany.The Indonesian Judo Association (PJSI) official in charge of athletes development Subardi Suar said on...

Court continues JSX bombing trial

Court continues JSX bombing trial JAKARTA (JP): The South Jakarta District Court continued the trial on Wednesday of the Jakarta Stock Exchange (JSX) bombing case despite the refusal of two prime suspects to attend the session following the escape of another suspect, Army soldier Second Corp.

Singapore tightens grip on Internet content

Singapore tightens grip on Internet content SINGAPORE (Reuters): Singapore has tightened its grip on Internet content in the run-up to the next election by ordering a current affairs portal to register as a political website.

E. Java to deploy 33,000 security personnel to prevent chaos

E. Java to deploy 33,000 security personnel to prevent chaos SURABAYA (JP): East Java will deploy 33,000 military and police personnel in an all-out effort to prevent chaos in the province before, during and after the People's Consultative Assembly (MPR) special session in Jakarta.

Asia must adopt yen as 'trading currency'

Asia must adopt yen as 'trading currency' MANILA (Reuters): Asian countries should adopt the yen as a common unit for trading purposes but a single currency for ASEAN was unjustified, incoming World Trade Organization (WTO) chief Supachai Panitchpakdi said on Wednesday.

Asian currencies mixed late, S'pore dollar extends rebound

Asian currencies mixed late, S'pore dollar extends rebound SINGAPORE (Dow Jones): Asian currencies were mixed late Wednesday, with the market on tenterhooks ahead of Federal Reserve Board Chairman Alan Greenspan's Congressional testimony later in the global day, dealers said.

BCA's sales controversy

BCA's sales controversy Analysts agree that the combination of a second public offering and private placement by a strategic investor is the best option for divesting the government's stake in Bank Central Asia with optimum results.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Variety Show 10:00 Children's Program 10:30 30 Minutes with Anita Rahman 11:00 Regional News 12:00 p.m. News 1:00 Talk Show 2:00 News 2:15 Debating 3:15 Children's Program 4:30 Documentary 5:00 News 5:30 Music 6:00 News 7:00 Talk Show 9:00...

N. Sumatra faces power crisis: Official

N. Sumatra faces power crisis: Official MEDAN, North Sumatra (JP): North Sumatra has been short of power for a year and is seeking ways to rent power generators from other power plants and private companies operating in the province to fill the demand for electricity until 2002.

Age-old tradition continues in Bugis village

Age-old tradition continues in Bugis villageBy Alpha Savitri DENPASAR, Bali (JP): The Muslim community of Bugis village in Serangan, Denpasar, celebrates the unique ritual of Megalicik Quran every year in a tradition dating back to when the village was visited by death.

Senior bowlers question SEA Games team lineup

Senior bowlers question SEA Games team lineup JAKARTA (JP): Three senior women's 10-pin bowlers questioned the Indonesian Bowling Association (PBI)'s decision in picking members of the Kuala Lumpur Southeast Asian (SEA) Games squad, pointing to the inexperience of the players selected.

15 provinces to get Rp 933b in contingency funds

15 provinces to get Rp 933b in contingency funds JAKARTA (JP): The government said it had allocated some Rp 933.71 billion (about US$82.62 million) in contingency funds for 15 provinces to help plug a deficit in their budget this year.

'Govt should punish violating labor recruitment agencies'

'Govt should punish violating labor recruitment agencies' JAKARTA (JP): The Indonesian Labor Exporters Association (Apjati) called on authorities to take strict measures against labor recruitment agencies violating the newly-revised labor export procedure in a bid to improve protection for...

Police seize live ammunition in Palu

Police seize live ammunition in Palu PALU, Central Sulawesi (JP): Palu Police have found thousands of rounds of ammunition in a van parked in a square that last year hosted the national Koran reading contest here, an officer said on Wednesday.Palu Police chief Adj. Sr. Comr.

Play by the rules

Play by the rulesFrom Koran TempoThe main problem of this nation lies in its leader, as he has physical limitations and has twice suffered a stroke. Plus how can he behave wisely if the information he receives is incomplete?I am not underestimating President Abdurrahman "Gus Dur" Wahid's capability...

Picking the proper clubs

Picking the proper clubs JAKARTA (JP): Taking up the game of golf can be a confusing process for beginners because there are so many options when it comes time to select your equipment.There is a wide range of prices to choose from, depending on brand, specifications, materials and so on.

Rupiah Rates July. 18

Rupiah Rates July. 18 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,829.00 11,829.00 11,272.00 11,386.00Australian dollar 1 5,511.96 6,026.88 5,737.45 5,801.17Austrian schilling 1 676.01 739.30 703.67 711.61Belgian franc 1 230.59 252.18 240.03 242.

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.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting: Zen to Video, by Wayan Karja, Peter Dittmar, Filippo Sciascia, Wolfgang Widmoser, Gaya Fusion of Senses, Jl. Raya Sayan, Ubud (Phone: 0361 979253), until July 26.

Ulemas support 'Kramtung' center

Ulemas support 'Kramtung' center JAKARTA (JP): Ulemas and community leaders voiced their support on Wednesday for the city administration's plan to build an Islamic center at a former brothel complex in Kramat Tunggak, North Jakarta.

On the fast lane into oblivion?

On the fast lane into oblivion?By Avie K. Utomo JAKARTA (JP): It's 6:47 a.m. on Saturday. A speeding S-Type blue Jaguar passes on Jagorawi toll road.The person behind the wheel is driving fast to join his already waiting golfing buddies.

Golkar opts wait-and-see on President

Golkar opts wait-and-see on President JAKARTA (JP): The Golkar Party has decided to leave all decisions concerning the coming People's Consultative Assembly special session up to the prerogative of the central executive, including undertaking any necessary political maneuvers needed.

World Bank assistance for Kuta renewal plan

World Bank assistance for Kuta renewal plan DENPASAR, Bali (ANTARA): The World Bank is planning to extend Rp 5 billion in aid for an urban renewal project in Kuta, Badung regency, the regency's public relations head said on Wednesday.

Fire victims hope to rebuild homes

Fire victims hope to rebuild homesBy Emmy Fitri and Hera Diani JAKARTA (JP): Sari Rohaeti watched the ruins of her house in a small alley in the densely populated neighborhood of Kampung Bandan in Ancol district, North Jakarta.

Drought, violence threaten RI's cocoa output

Drought, violence threaten RI's cocoa output SINGAPORE (Reuters): Indonesia's cocoa output may fall this year to less than 340,000 tons, possibly as low as 300,000, because of drought, violence in growing regions, pests and rising fertilizer prices, traders said on Wednesday.

Govt plans $1.41b Manila transit project

Govt plans $1.41b Manila transit project MANILA (AP): The Philippine government said on Wednesday it plans an ambitious US$1.41 billion mass-transit project aimed at easing the monstrous traffic problem for metropolitan Manila's 10 million residents.

Golkar may again act as 'kingmaker'

Golkar may again act as 'kingmaker' JAKARTA (JP): Former ruling party Golkar could again step into the limelight as "kingmaker" as it openly dallies with a possible presidency-saving compromise, while at the same time forging ahead with preparations for the special session of the People's...

Sjamsul ordered to return soon

Sjamsul ordered to return soon JAKARTA (JP): Deputy Attorney General for Special Crimes Bachtiar Fachri Nasution has instructed tycoon Sjamsul Nursalim, a suspect in the mismanagement of the Rp 10 trillion (US$1 billion) Bank Indonesian Liquidity Support (BLBI) fund, to return to Indonesia...

Two grenades found in housing complex

Two grenades found in housing complex JAKARTA (JP): Duren Sawit Police detectives are currently quizzing five men after two live grenades and a smoke bomb were found in a community unit (RW) office in the Billy Moon housing complex, Pondok Kelapa, East Jakarta, where one of the five men normally...

Generalizations about Madurese incorrect

Generalizations about Madurese incorrect JAKARTA (JP): To Amir Santoso, a Madurese academic living in Jakarta, most accusations being made by Dayaks against their former neighbors in Central Kalimantan simply make no sense.

Spotlight

SpotlightPhoto A: BESLOCAL TUNES: Students of Bogor Expatriate School (BES) demonstrate their skill in playing Indonesian traditional musical instruments in a recent show. Such cultural programs give students at BES -- which uses an international curriculum and teaching methodology -- a broad and...

Text and photo

Text and photo by Nuraini Razak JAKARTA (JP): Nervous teenage girls squeeze into their flashy designer clothes backstage. They then apply eyeliner and lipstick with careful precision before admiring their reflection in the mirror. They all have the same hope: winning the cover girl contest.

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.

Bali Museum deals with bugaboo of funding in reform era

Bali Museum deals with bugaboo of funding in reform eraBy Rita A. Widiadana DENPASAR, Bali (JP): If you plan to spend your holidays in Bali, you will probably choose the opulent Nusa Dua resort, beautiful Sanur and Kuta beaches or the sophisticated Ubud art village as your primary destination.

Doctors urge for better treatment of HIV patients

Doctors urge for better treatment of HIV patients JAKARTA (JP): Doctors here urged their fellow medical colleagues to cease discriminatory treatment of patients identified as being drug addicts or those infected with HIV/AIDS virus.

Indonesia wants Thailand to scrap rubber subsidy

Indonesia wants Thailand to scrap rubber subsidy JAKARTA (JP): The Indonesian government will be requesting that the Thai government lift its subsidy for rubber farmers in their meeting scheduled for August, a minister said on Wednesday.

Three RI men's shuttlers advance at Malaysia Open

Three RI men's shuttlers advance at Malaysia Open JAKARTA (JP): Three out of six Indonesian men's singles shuttlers reached the second round of the US$120,000 Malaysia Open on Wednesday, which is using the newly introduced best-of- five-games-in-seven-points scoring system.

Aircraft maker to halt activities

Aircraft maker to halt activities BANDUNG, West Java: The management of state aircraft manufacturer PT Dirgantara Indonesia will shut down its operation from Thursday until next Tuesday following a strike by its 9,300 workers on Tuesday.

Two dead as rebels exchange fire

Two dead as rebels exchange fire JAYAPURA, Irian Jaya: Two people were killed and another wounded when two rival groups of separatist rebels became involved in a gunfight in Sktjow, Papua New Guinea, near the border with Irian Jaya, a military source said on Wednesday.

Parents dreaming of Tiger kids

Parents dreaming of Tiger kidsBy Novan Iman Santosa and Primastuti Handayani JAKARTA (JP): Five-year-old Andhika sat stunned in front of the TV watching golf icon Tiger Woods make a final birdie putt on the 18th green at Augusta on April 10.

BP looking for other LNG markets aside from China

BP looking for other LNG markets aside from China JAKARTA (JP): BP Indonesia, a unit of the British-American oil and gas company BP Plc., said aside from China, it was also looking for market opportunities in the United States, South Korea and Japan for its Tangguh liquefied natural gas (LNG) plant...

Introspection

IntrospectionFrom Koran TempoThe failed meeting at Bogor Palace (July 9, 2001) is indicative of the deep political rift between President Abdurrahman Wahid and various parties, such as the House of Representatives (DPR) and police.

A privilege through memberships

A privilege through memberships JAKARTA (JP): In the United States there are several private golf clubs that only allow up to 200 members and whose membership and annual fee run into the millions of dollars and hundreds of thousands of dollars, respectively.

Gus Dur supports calls for Trisakti adhoc court

Gus Dur supports calls for Trisakti adhoc court JAKARTA (JP): President Abdurrahman "Gus Dur" Wahid became on Wednesday the second head of state to pledge help to the families of the four Trisakti students killed during nationwide protests against then president Soeharto in May 1998.

Museum Bali deals with bugaboo of funding in reform era

Museum Bali deals with bugaboo of funding in reform eraText by Rita A. Widiadana, photos by I Wayan Juniartha DENPASAR, Bali (JP): If you plan to spend your holidays in Bali, you will probably choose the opulent Nusa Dua resort, beautiful Sanur and Kuta beaches or the sophisticated Ubud art village...

Microsoft's Office XP: Is it a compelling upgrade?

Microsoft's Office XP: Is it a compelling upgrade?By Zatni Arbi JAKARTA (JP): You must have heard a lot about it already: Microsoft has just launched the latest version of its Office productivity suite.

30 firearms, 13 pistols seized in six months

30 firearms, 13 pistols seized in six months TANGERANG (JP): The Directorate General of Customs and Excise revealed on Wednesday they had foiled the smuggling of a number of firearms, explosives, sex toys, uncensored Video Compact Discs (VCDs) and Chinese traditional medicine for various illnesses...

RI-GAM peace talks may end in deadlock

RI-GAM peace talks may end in deadlock BANDA ACEH, Aceh (JP): Entering a third day on Wednesday, talks between representatives of the Indonesian government and the Free Aceh Movement (GAM) appeared to be heading toward a deadlock.