Indonesian Political, Business & Finance News

Archive: 15 August 2001

64 articles found

U.S. lawyers try to solve RP's case

U.S. lawyers try to solve RP's case MANILA (AP): American lawyers for a Filipino congressman wanted for allegedly making illegal campaign contributions in the United States are negotiating a plea bargain agreement, his Filipino attorney said on Tuesday. The United States has been seeking the extradition of Mark Jimenez, a businessman who was close to ousted President Joseph Estrada.

South Korean govt urged to liquidate 49 companies

South Korean govt urged to liquidate 49 companies SEOUL (Reuters): South Korean banks have recommended 49 more companies for liquidation, sale and merger in the latest move aimed at spurring corporate restructuring. However, analysts say the government is dragging its feet on corporate reform, in part because of the economy's unexpectedly sharp economic slowdown.

Judges need protection

Judges need protection From Republika Following the recent fatal shooting of the Supreme Court judge responsible for criminal cases, Syafiuddin Kartasasmita, SH., it suddenly makes you realize that up to now security for officials holding such sensitive and important positions has been neglected.

Policemen evacuated from Malangke

Policemen evacuated from Malangke MALANGKE, South Sulawesi (JP): Tension gripped remote Malangke in South Sulawesi on Tuesday following Sunday's arson attack on a police station and several other police buildings in Malangke, Luwu regency, some 450 kilometers north of Makassar. Eighteen policemen from Malangke Police station, including Malangke Police chief Second Insp. Baharuddin, and their families were evacuated on Tuesday and taken to Luwu Police station, some 100 kilometers away.

TNI to send more troops to troubled Aceh

TNI to send more troops to troubled Aceh JAKARTA (JP): The Indonesian Military (TNI) is planning to dispatch more troops to troubled Aceh. Lt. Gen. Djamari Chaniago, chief of TNI general affairs, claimed on Tuesday that the fresh troops were only part of a routine shift. "There are not many and it is part of a routine shift," Djamari told reporters, after attending the handover ceremony for the position of defense minister from Mahfud MD to Matori Abdul Djalil.

ADB urges govt to easy licensing for SMEs

ADB urges govt to easy licensing for SMEs JAKARTA (JP): The Asian Development Bank's technical assistance team on Tuesday recommended the government to cut down on the number of licenses needed for establishing small and medium-sized enterprises (SMEs) to encourage growth and simultaneously kickstart the economy.

APKI says RI pulp prices bottoming out

APKI says RI pulp prices bottoming out SINGAPORE (Dow Jones): Indonesian pulp prices have bottomed out, with further recovery expected in the fourth quarter, the Indonesian Pulp & Paper Association told Dow Jones Newswires Tuesday.

Brunei's auction rakes in over $1m

Brunei's auction rakes in over $1m BANDAR SERI BEGAWAN (AFP): Brunei has raked in more than two million Brunei dollars (US$1.1 million) from an auction of assets owned by the disgraced younger brother of its ruler Sultan Hassanal Bolkiah, British auctioneers Smith and Hodgkinson said on Tuesday. The auctioneers are scheduled to complete the sale of the general items on Tuesday, the fourth day of the six-day auction which began Saturday, he said.

Are world terrorists targeting Southeast Asian capitals?

Are world terrorists targeting Southeast Asian capitals? By Wong Chun Wai KUALA LUMPUR: Shortly after terrorists bombed the World Trade Center in New York in 1993, the FBI and CIA started an intensive global search for Islamic militant Ramzi Yousef and his accomplices.

Rupiah revaluation

Rupiah revaluation From Media Indonesia To welcome the newly-elected President, Vice President and the new cabinet, I would like to suggest that the government through the Ministry of Finance revalue the rupiah from Rp 1,000 to Rp 1, so if one U.S. dollar is now equal to Rp 9,000, after the revaluation one dollar would be equal to Rp 9, which I think is quite proportional.

PAM billing and meter readers

PAM billing and meter readers From Warta Kota We are customers of Jakarta drinking water company (PAM) living in Johar Baru village, Central Jakarta. In the past year, the monthly payment of PAM drinking water supply has amounted to hundreds of thousands of rupiah. It is too much as we, a family with two children, use PAM's water only for washing clothes, bathing and cooking.

Megawati's political views

Megawati's political views By Angus McIntyre The following article by Angus McIntyre is based on presentations at a conference of the Indonesia Council of the Asian Studies Association of Australia at the University of Melbourne on July 11, and at the Mini-Update Conference of the Indonesian Institute of Sciences on July 26 in Jakarta. The writer is senior lecturer in politics at La Trobe University in Melbourne. MELBOURNE (JP): We hear much speculation about Megawati's behavior and politics.

Student brawls

Student brawls From Warta Kota At the start of the school year, traffic security becomes threatened. Street brawls among students have become commonplace, with several of them committing criminal acts like hijacking cars at traffic jams. Most Jakartans are concerned about this situation. Recently, for instance, a number of residents in Slipi, Central Jakarta tried to disperse student brawlers and even resorted to beating them up out of pent-up indignation.

Indonesia seeks to improve debt rating

Indonesia seeks to improve debt rating JAKARTA (JP): The new economics team aims to improve the country's credit rating from the current non-investment rating to investment grade within six months, Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said on Tuesday. Dorodjatun said that the debt rating upgrade would allow both the country and its business sectors to tap international funds at an affordable cost.

Tabel 1. Ten Wealthiest State Officials

Tabel 1. Ten Wealthiest State Officials Name Position Wealth ----------------------------------------------------------------- Rudolf Mazvoka Pardede Assembly legislator Rp 298.74b Arifin Panigoro House legislator Rp 245.41b US$2.29m Hussein Naro Assembly/House Rp 97.43b legislator US$468,000 Rekso Ageng Herman House legislator Rp 94.48b Achmad Arnold Baramuli Assembly legislator Rp 92.99b US$ 10,853 Andi Sose Advisor of interest group Rp 82.87b faction at Assembly US$1m Siswono Yudo Husodo...

Thousands suffer from malnutrition

Thousands suffer from malnutrition BOGOR (JP): Almost 8,300 babies in Bogor, West Java, have suffered from malnutrition, an official said here on Tuesday. Bogor's administration secretary, Itoch Tochija pointed out that last year the government found 698 babies, or one percent of the total babies, suffered from severe malnutrition and the other 7,600 or 12.8 percent had mild malnutrition. "We've been trying to tackle this problem by providing them additional food free of charge.

Forestry and foreign exchange

Forestry and foreign exchange From Media Indonesia After reading a news story in Media Indonesia on July 28 titled New forestry minister should be able to develop sustainable forests, I would like to suggest the following. The government has asserted that foreign exchange receipts from the forestry sector remain one of its main sources of income.

Mega vows not to quit party post

Mega vows not to quit party post JAKARTA (JP): President Megawati Soekarnoputri rejected on Tuesday suggestions that she quit her chairmanship of the Indonesian Democratic Party of Struggle (PDI Perjuangan). She insisted that only the party's extraordinary congress had the right to remove her from the chairmanship before her term of office expired, as stipulated in PDI Perjuangan's internal rules.

Government to modernize seafarer training centers

Government to modernize seafarer training centers JAKARTA (JP): The government signed a US$53.8 million contract on Tuesday to modernize the training centers for Indonesian seafarers so as to ensure they comply with the requirements set out in the Standards of Training Certification and Watchkeeping (STCW) convention. The Ministry of Communications said in a statement that the project would be undertaken by Ship Analytics International Inc., who had won the tender for the modernization project.

Teak plunders hit Cilacap, Banyumas

Teak plunders hit Cilacap, Banyumas CILACAP (JP): About 300 villagers from Cilacap and Banyumas regencies plundered a teak plantation on Tuesday, resulting in a loss of Rp 200 million (US$23,529), the plantation's management said. Eastern Banyumas Teak Plantation Head Hasan Pamuji said that the villagers had taken 662 teak and angsana trees from an area of 49.3 hectares. "The thefts have been going on since Aug.

Ministers' party loyalty

Ministers' party loyalty The newly formed gotong royong (mutual help) Cabinet, under the leadership of President Megawati Soekarnoputri, is enjoying full support of the House of Representatives. Some of the major challenges facing the present administration are the eradication of long-standing poverty and unemployment, afflicting some 30 to 40 million people. Megawati's Cabinet consists mainly of experienced professionals, particularly those in charge of the economy.

National reconciliation

National reconciliation From Koran Tempo The gotong royong(mutual help) Cabinet has finally been set up and received positively by the market, accompanied by improving macroeconomic indicators and the public's hope that national economic recovery will prevail in the near future. This hope, however, will remain just a hope if some dissatisfied groups still seek to cause trouble in the Cabinet, mobilize the masses to create unrest or spread terror.

Unleaded gasoline alone 'cannot reduce pollution'

Unleaded gasoline alone 'cannot reduce pollution' JAKARTA (JP): The government's effort to reduce air pollution in the capital by replacing leaded gasoline with unleaded fuel at the city's gas pumps appears to have had little effect on the problem as it might not be enough to lower vehicle emissions. Incorrect engine tuning as well as engines in need of servicing are other causes for vehicles to produce a high rate of emissions.

ASEAN officials review trade and IT problems

ASEAN officials review trade and IT problems BANDAR SERI BEGAWAN (AP): Senior economic officials from the Association of Southeast Asian Nations opened three days of discussions Tuesday to review problems in putting in place a regional free trade area and improving capacity for information technology industries.

Cafe Halaman's romantic ambience unrivaled

Cafe Halaman's romantic ambience unrivaled By Sri Ramadani BANDUNG (JP): The city of Bandung -- which is known for its clothes bazaars, factory outlets, cake shops and bakeries -- is now attracting visitors keen to undertake a culinary tour of its cafes, restaurants and sidewalk eateries. Tourists, mostly from Jakarta, throng these dining spots which offer good food, comfortable dining rooms and wonderful ambience.

Disbanding party

Disbanding party From Media Indonesia A number of societal groups grouped under various names have demanded that the Golkar Party be disbanded, saying that the party has committed many sins during the New Order era, and therefore caused suffering for the people. Did people really live in misery during the 32 years of former president Soeharto's rule? Honestly, I wonder whether the people really lived in misery during the Soeharto era and whether they live happily in the present reform era?

Thousands suffer from malnutrition

Thousands suffer from malnutrition BOGOR (JP): Almost 8,300 babies in Bogor, West Java, have suffered from malnutrition, an official said here on Tuesday. Bogor's administration secretary, Itoch Tochija pointed out that last year the government found 698 babies, or one percent of the total babies, suffered from severe malnutrition and the other 7,600 or 12.8 percent had mild malnutrition. "We've been trying to tackle this problem by providing them additional food free of charge.

Five die of AIDS in Irian

Five die of AIDS in Irian MULIA, Irian Jaya: Five people with full-blown AIDS died in Puncak Jaya regency between March and April this year, regent Elieser Renmaur said. The fatalities have added credence to the fear that HIV/AIDS infections are widespread in Irian Jaya. Elieser said that all the victims caught HIV/AIDS in Wamena, the capital city of Jayawijaya regency. He promised to step up information campaign on HIV/AIDS in cooperation with non-governmental organizations, Antara reported.

Curing our broken wings

Curing our broken wings So soon after its birth, the fledgling government of Megawati Sukarnoputri has arisen to become a new magnet. It has become the center point of hopes, not only for this country but for the world because, throughout its history, Indonesia has always been not just a supplementary element but an active actor that lends it own color to the global palette. That is why this eldest daughter of (founding President) Sukarno is facing such a gigantic challenge.

Susilo makes impromptu visits to public places

Susilo makes impromptu visits to public places JAKARTA (JP): Coordinating Minister for Political and Security Affairs Susilo Bambang Yudhoyono made impromptu visits on Tuesday to three public places in Jakarta, to ascertain people's sentiment about the recent bomb attacks and other criminal acts. Susilo visited Pasar Tanah Abang, Central Jakarta, Pulogadung bus station in East Jakarta and Glodok shopping center in West Jakarta.

Prevention, best method against HIV/AIDS

Prevention, best method against HIV/AIDS By Donya Betancourt SANUR, Bali (JP): The words HIV and AIDS might grab people's attention, but since the deadly virus may even infect infants and children, it is best for parents to properly learn about it now than before it is too late. How do we know if a child is infected with the Human Immunodeficiency Virus (HIV)? Polymerase chain reaction (PCR) can detect small quantities of the HIV virus in an infant's blood as early as two months of age.

Nationalism remains strong: CESDA survey

Nationalism remains strong: CESDA survey JAKARTA (JP): Nationalism remains strong among the people in this country, with an enormous number of people preferring to identify themselves by their nationality rather than their ethnicity, according to a results of a survey announced on Tuesday.

Directors, commissioners have yet to report wealth

Directors, commissioners have yet to report wealth JAKARTA (JP): The Public Servants' Wealth Audit Commission (KPKPN) expressed concern on Tuesday over the reluctance of most directors and commissioners of state-run companies to report their individual net worth to the commission. The head of the commission's state enterprises' division, Maj. Gen.

Man dies as pedicab raid turns violent

Man dies as pedicab raid turns violent JAKARTA (JP): One official was killed and two others were injured when a crackdown by city public order officials on becak (pedicab) drivers turned violent in Roxy and nearby Grogol on Tuesday. Hundreds of angry pedicab drivers aided by crowds of people armed themselves with molotov cocktails, machetes, steel bars and stones.

Resolving Aceh issue needs realistic stance

Resolving Aceh issue needs realistic stance By Desra Percaya LONDON (JP): Since the downfall of the New Order regime, the threat of disintegration has been hanging over Indonesia. This is mainly prevalent in the westernmost and easternmost parts of Indonesia, namely Aceh and Irian Jaya. The problem is on the top of President Megawati Soekarnoputri's priority list, as reflected in her first Cabinet meeting on Monday.

Legislators to visit Portugal

Legislators to visit Portugal JAKARTA (JP): The House of Representatives (DPR) will send a delegation to Portugal for the first time after East Timor's breakaway from Indonesia in 1999, reports say. The visit is aimed at boosting ties between the two countries, House Speaker Akbar Tandjung said at the DPR on Tuesday. "We consider the visit to Portugal very important and therefore I myself will lead the delegation," Akbar, who will celebrate his 56th birthday on Tuesday, said as quoted by Antara.

BI has no plan to cut interest rates: Sjahril

BI has no plan to cut interest rates: Sjahril JAKARTA (JP): Despite the new-found strength of the rupiah, Bank Indonesia still has no plans for drastic interest-rate cuts until the country's base money supply drops to levels within expectations. Bank Indonesia Governor Sjahril Sabirin said on Tuesday that inflationary pressures precluded a rapid interest rate cut, despite concerns that the bank's tight money policy was hurting investment.

Illegal Afghans flock to Singkawang

Illegal Afghans flock to Singkawang PONTIANAK, West Kalimantan: Singkawang Immigration office has been overwhelmed by an influx of illegal immigrants from war-torn Afghanistan. Over the past two weeks alone, the office has dealt with 32 Afghans transferred by Singkawang police. "We are overwhelmed by the illegal arrivals of Afghans," Singkawang immigration office chief Yusuf said as quoted by Antara. The Afghans arrived in two batches.

S. Korean govt donates computers

S. Korean govt donates computers JAKARTA (JP): The South Korean government has donated 50 computers with photoscanners and digital cameras to a number of senior high schools in Jakarta and Yogyakarta. The Ministry of Education said in a statement received by The Jakarta Post on Tuesday that the donation was provided through the APEC Cyber Education Network (ACEN), a project of the Asia Pacific Economic Cooperation (APEC) under the South Korean government.

Megawati opens expo on Sukarno

Megawati opens expo on Sukarno JAKARTA (Antara): President Megawati Soekarnoputri opened a month-long painting and photographic exhibition in honor of her father, the late president Sukarno, at the Proklamasi building here on Tuesday afternoon. In her opening remarks, President Megawati spoke about her father's hobby as an artist but stopped short of evaluating him as one of the country's founding fathers.

TV today

TV today TVRI 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 Performance 4:15 Children's Program 4:30 Regional Program 5:00 News 5:30 TV Drama 6:00 News 7:00 Talk Show 8:30 TV Drama 10:30 Traditional Arts 11:30 Talk Show Program 2 5:30 p.m. Music 6:30 City News 7:00 Music 7:30 News (in English) 8:30 Documentary TPI 5:30 a.m.

Megawati's political views

Megawati's political views By Angus McIntyre MELBOURNE (JP): We hear much speculation about Megawati's behavior and politics. I would like to begin with her habit of removing herself from the realm of political criticism and attack by presenting an agreeable exterior to the world ... 2. 4Desra -- 1 x 40 36 pt optima bold Resolving Aceh issue needs realistic stance LONDON (JP): Since the downfall of the New Order regime, the threat of disintegration has been hanging over Indonesia.

1. Duit (2 x 25)

1. Duit (2 x 25) Asian currencies mostly up, Thai baht plays catch up JP/11/Duit Asian currencies mostly higher late, baht plays catch up SINGAPORE (Dow Jones): Most Asian currencies maintained their firm undertone late Tuesday, showing limited reaction to the yen's pullback following Bank of Japan's surprise decision to further ease monetary policy, dealers said.

Universal Studios, Renong to build huge theme park

Universal Studios, Renong to build huge theme park KUALA LUMPUR (AP): Hollywood entertainment group Universal Studios will team up with Malaysia's Renong Bhd. to develop a huge theme park that will be the centerpiece of a US$2.2 billion project, consultants familiar with the plan said. The two companies have signed a letter of intent that is expected to pave the way for a detailed agreement at a later date, sources told Dow Jones Newswires in recent interviews, on condition of anonymity.

Tommy, ultimatum and the reward

Tommy, ultimatum and the reward From Media Indonesia The public's attention has been drawn to the police's recent success stories, such as the arrests of people related to drug- dealing, thefts of vehicles and the latest confiscation of weapons at an apartment in Pondok Indah, indicate the alleged existence of "Tommy Ibrahim's" criminal gang and their huge financial support.

Tarakanita staff stage protest

Tarakanita staff stage protest JAKARTA (JP): About 50 lecturers and staff of the Tarakanita Secretarial College (LPK Tarakanita), Pondok Kelapa, East Jakarta, staged a demonstration at the Legal Aid Foundation here on Tuesday, protesting their suspension by the Tarakanita Foundation. The dispute has been going on for a year, ever since the protesters asked for better working conditions and a pay rise.

Santos tests well off Java

Santos tests well off Java CANBERRA (Dow Jones): Australian energy company Santos Ltd. (Stosy) Tuesday said the first of two drill stem tests in the Oyong-1 well offshore East Java flowed oil and natural gas. Santos is the operator and holds a 45 percent stake in the well, while Cue Energy Resources Ltd. has a 15 percent stake and Coastal Indonesia Sampang Ltd. has the 40 percent balance.

Filipinos vote peacefully on Muslim autonomy plan

Filipinos vote peacefully on Muslim autonomy plan ZAMBOANGA, Philippines (Reuters): Thousands of troops were on alert in the volatile southern Philippines on Tuesday as a plebiscite was held on a proposal to expand a semi-autonomous region ruled by former Moro separatist rebels. There were no immediate reports of violence as Christians and Muslims trekked to the polls during the voting held in parts of the main southern island of Mindanao and nearby isles.

Jakarta film archive struggles to survive

Jakarta film archive struggles to survive By Muninggar Sri Saraswati JAKARTA (JP): Film records human life just like a book does. It documents human life in a different form: a combination of motion picture and recorded sound. To learn more about film, particularly about Indonesian cinema, check out Sinematek Indonesia. Situated in Usmar Ismail Film Center on Jl. HR Rasuna Said, South Jakarta, Sinematek is the only film archive in the country.

Party official says PKB's main target will be Amien

Party official says PKB's main target will be Amien JAKARTA (JP): The National Awakening Party (PKB) will return to the legislature with the principal mission of toppling People's Consultative Assembly Speaker Amien Rais for his alleged role in unseating Abdurrahman Wahid from the presidency, a party figure says. "The PKB's main target will be Amien and we will be seeking an appropriate time to call him to take account for the numerous transgressions he has committed.

TV Program: Wednesday, Aug. 15, 2001

TV Program: Wednesday, Aug. 15, 2001 TVRI 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 Performance 4:15 Children's Program 4:30 Regional Program 5:00 News 5:30 TV Drama 6:00 News 7:00 Talk Show 8:30 TV Drama 10:30 Traditional Arts 11:30 Talk Show Program 2 5:30 p.m.

Where to go in Surabaya

Where to go in Surabaya Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - Lobby: Gamelan (Traditional Music), 7 p.m. to 10 p.m. (Except Saturday), Solo Pianist, Monday to Friday and Sunday, 7 a.m. to 9 a.m., Saturday, 7 p.m. to 9 p.m. - Cascades Poolside Restaurant: Batak Stroll, Thursday to Saturday, 7 p.m. to 10 p.m. - The Tavern Pub: Ocean Park Band from Jakarta, until Aug. 30.

UN force in E. Timor gets new commander

UN force in E. Timor gets new commander JAKARTA (JP): United Nations Secretary General Kofi Annan has appointed Lt. Gen. Winai Phattiyakul of Thailand as the new commander of the UN peacekeeping force in East Timor, the United Nations Information Center (UNIC) said in Jakarta on Monday. Phattiyakul replaces Lt. Gen. Boonsrang Niumpradit, also from the Royal Thai Armed Forces, and will take charge on Aug. 31, UNIC said in a press release.

IMF mission due here next week

IMF mission due here next week JAKARTA (JP): The International Monetary Fund (IMF) will send a mission to Jakarta next week in a bid to reach an agreement with the country's new economics team on a number of economic reform programs, the fund's senior resident representative in Indonesia, David Nellor, said in a press statement on Tuesday. Nellor said the mission would be led by IMF deputy director for the Asia Pacific region Annop Singh.

M.A. Rachman appointed new attorney general

M.A. Rachman appointed new attorney general JAKARTA (JP): After a few days of delay, a specialist staff member in the Attorney General's Office, Muhammad Abdurrachman, or M. A. Rachman as he is widely known, has been appointed as the new attorney general. State/Cabinet Secretary Bambang Kesowo announced on Tuesday night that the President would swear in Rachman as the new attorney general on Wednesday afternoon.

Intelligence set to counter terrorism

Intelligence set to counter terrorism JAKARTA (JP): Responding to the increasing number of terrorist attacks in the country, Coordinating Minister for Political and Security Affairs Susilo Bambang Yudhoyono has instructed all branches of the security forces to mobilize their intelligence potential to prevent further outrages.

NZ opens market to RI shoes

NZ opens market to RI shoes JAKARTA (JP): The government of New Zealand has lifted its countervailing duty on Indonesian footwear exports, according to head of the National Agency for Export Development (NAFED) Gusmardi Bustami. Gusmardi said on Tuesday the lifting of the antidumping duty at the end of last month would help Indonesia increase its footwear exports to New Zealand.

Police detain Ari Sigit for bullet possession

Police detain Ari Sigit for bullet possession JAKARTA (JP): Former president Soeharto's grandson Ari Haryo Wibowo, also known as Ari Sigit, has been detained by police on charges of illegal possession of ammunition, city police spokesman Sr.Comr. Anton Bachrul Alam said on Tuesday. "The suspect is charged with Emergency Law No. 12/1951 on guns and explosives, which carries a sentence of between 15 years imprisonment and life," he said at Jakarta Police Headquarters at about 9 p.m.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on August 14, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,575 -50 692,500 Adindo Foresta 110 0 162,500 AGIS 140 0 1,293,500 Akbar Indo Makmur 1,625 0 0 Alakasa 210 10 21,000 Alfa Retailindo 925 -25 115,500 Alter Abadi 90 15 44,000 Alumindo Light 675 0 0 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 200 0 0 Aneka Tambang 1,025 0 208,500 Apac Citra...

Rupiah rate Aug.14

Rupiah rate Aug.14 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

New debt rescheduling

New debt rescheduling Regardless as to how Indonesia's public sector debt burden is measured, the government is unquestionably mired in a severe liquidity crisis. Its total debt stocks outstanding as of this year were estimated by Bank Indonesia at more than US$141 billion, including $70 billion in domestic debt. The ratio of total debts to the country's gross domestic product (GDP) is already 110 percent, far exceeding the sustainable level of 70 percent.

Laksamana mulls replacing IBRA chief, awaits inputs

Laksamana mulls replacing IBRA chief, awaits inputs JAKARTA (JP): State Minister of State Enterprises Laksamana Sukardi said on Tuesday that he would consider replacing the chairman of the Indonesian Bank Restructuring Agency (IBRA) should the public call for it. "I don't know yet, I am open to suggestions and will like to hear the aspirations of the public," he said in response to questions on whether he will replace IBRA's current chief I Putu Gede Ary Suta.

New online stock trading

New online stock trading JAKARTA (JP): Internet portal firm PT TradeEzy Dotcom Indonesia launched on Monday its online stock trading, www.tradezy.com, to offer easier stock trading services, more accurate information about the stock market and security in doing stock transactions, the company said in a statement.

Ex-prostitutes may work overseas

Ex-prostitutes may work overseas MATARAM, West Nusa Tenggara: The local office of the Indonesian Ulemas Council (MUI) has endorsed ex-prostitutes to work overseas, as long as they are repentant. "Many ex-prostitutes who have completed their vocational training program with Budi Rini Social Rehabilitation Center have no idea where to find employment," Hazmi Hamzar, secretary of the West Nusa Tenggara MUI office, told Antara news agency.