Indonesian Political, Business & Finance News

Archive: 18 August 2001

80 articles found

JP/5/MEG3

JP/5/MEG3To operate a modern economic system without the support of a reliable national banking system is surely impossible. We must learn much from our bitter experience in managing the banking sector; especially after economic liberalization in 1983.

Three die in tragedy on Independence Day

Three die in tragedy on Independence Day JAKARTA (JP): Independence Day celebrations in northern Kebayoran Lama, South Jakarta, turned tragic on Friday when an old two-story house collapsed, causing three people to die instantly and injured 14 others, a number of them seriously.

Judicial review of Tommy Soeharto case initiated

Judicial review of Tommy Soeharto case initiated JAKARTA (JP): The Supreme Court is currently processing a court review of the corruption case of fugitive son of former president Soeharto, Hutomo "Tommy" Mandala Putra, who has already been sentenced to 18 months in jail.

Hari Sabarno pledges to repair regional autonomy

Hari Sabarno pledges to repair regional autonomy JAKARTA (JP): Newly-appointed Minister of Home Affairs Hari Sabarno has said the smoothening out of the shaky start of regional autonomy would be one of his primary objectives, including ensuring that it would not lead to the breakup of the unitary...

Stock quotations on JSX

Stock quotations on JSX.rm .plStock prices on the Jakarta Stock Exchange (in rupiah) on August 16, 2001:-------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,550 25 408,000...

Take a pick of TV anniversary specials

Take a pick of TV anniversary specialsBy Sri Ramadani JAKARTA (JP): It's probably more than you can watch. Just take your pick: Hollywood movies, Indonesian TV films, light comedies or music shows, all of them only a click away.

Try's house catches fire

Try's house catches fire JAKARTA (JP): Fire damaged part of former vice president Gen. (ret.) Try Sutrisno's house on Jl. Bambu Apus 54, East Jakarta, on Wednesday shortly before midnight.An officer from the East Jakarta fire department told Antara that 11 fire engines rushed to the scene soon...

By Christ Tumelap

By Christ Tumelap Few takers for online shopping-------------------------------------------------------- Despite the high expectations on the country, which has been praised by Internet analysts as a enormous potential market, the growth of e-commerce in Indonesia has been slow.

PKB is a no-show at House plenary session

PKB is a no-show at House plenary session JAKARTA (JP): Legislators of the National Awakening Party (PKB) were nowhere to be seen during the House of Representatives plenary session on Thursday at which President Megawati Soekarnoputri gave her state-of-the nation address.

Judicial review of Tommy Suharto case processed

Judicial review of Tommy Suharto case processed JAKARTA (JP): The Supreme Court is currently processing a court review of the corruption case of fugitive son of former president Soeharto, Hutomo "Tommy" Mandala Putra, who has already been sentenced to 18 months in jail.

Celebration without ex-presidents

Celebration without ex-presidents JAKARTA (JP): President Megawati Soekarnoputri led her first independence day ceremony at Merdeka Palace on Friday, the same day her father Sukarno declared Indonesia's independence 56 years ago.Indonesia's three surviving former presidents, Soeharto, B.J.

Street vendors not dregs of society

Street vendors not dregs of societyFrom Warta KotaThe recent raids (euphemistically termed "acts of rectification" by officials) on Jakarta's street vendors have caused much apprehension because the Jakarta city administration's public order officers often physically abuse the vendors.

PKB is a no-show at House plenary session

PKB is a no-show at House plenary session JAKARTA (JP): Legislators of the National Awakening Party (PKB) were nowhere to be seen during the House of Representatives plenary session on Thursday at which President Megawati Soekarnoputri gave her state-of-the nation address.

Cautius steps in reform needed to heal the nation

Cautius steps in reform needed to heal the nation The following is the state-of-the-nation address delivered by President Megawati Soekarnoputri before the House of Representatives on Aug. 16, 2001 ahead of Independence Day.

E. Timor welcomes Megawati's Independence Day remarks

E. Timor welcomes Megawati's Independence Day remarks DILI, East Timor (AP): Political leaders and UN administrators Friday hailed Indonesian President Megawati Soekarnoputri's acknowledgment of East Timor's independence and said they were encouraged by her commitment to human rights.

Traditional games boost unity and happiness

Traditional games boost unity and happiness JAKARTA (JP): Pole climbing, gunny sack races and dashes involving small feats, such as balancing a marble on a spoon, were the most popular games played in communities across Jakarta and its suburbs to commemorate Indonesia's Independence Day on Aug. 17.

Megawati asks donors for 'breathing space'

Megawati asks donors for 'breathing space' JAKARTA (JP): President Megawati Soekarnoputri appealed to donor countries on Thursday to give Indonesia "elbowroom" and "breathing space" in fulfilling its debt obligations.

Fraud aimed at officials

Fraud aimed at officialsFrom Media IndonesiaWith reference to our letter No. 356/022/PUMDA of Jan. 4, 2001 regarding fraud attempts using the names of government officials, we would like to let the public know that recently there have been attempts at fraud using the name of the Director General of...

[i] Regardless of how trivial they may be, KKN practices will

Regardless of how trivial they may be, KKN practices will transgress public trust and at the same time violate one's official oath.

Fake journalists

Fake journalistsFrom Koran TempoIt makes one feel sad, and it is disconcerting that some journalists, especially those craving money (or known locally as "money-envelope reporters") downgrade the credibility of journalists in general.

Mahathir scaremongering, says opposition leader

Mahathir scaremongering, says opposition leader KUALA TRENGGANU, Malaysia (Reuters): An influential Malaysian Islamic opposition leader said on Friday a crackdown by Prime Minister Mahathir Mohamad's government on alleged Muslim extremists was scaremongering to shore up dwindling support.

KL's opposition faces split over Islamic extremism

KL's opposition faces split over Islamic extremism KUALA LUMPUR (Agencies): Malaysia's opposition alliance faces a possible split this weekend as an ethnic-Chinese party debates pulling out over fears of Islamic extremism, an official said Friday.

RP's army took bribes, alleges Abu Sayyaf leader

RP's army took bribes, alleges Abu Sayyaf leader MANILA (AFP): An Abu Sayyaf rebel leader Friday alleged he had bribed the army to let his kidnap gang and its U.S. and Filipino hostages break out of a military cordon.

Separatists free abducted Belgians

Separatists free abducted Belgians JAYAPURA, IriaN Jaya (JP): Two Belgians held hostage by separatist rebels in the Irian Jaya hinterland have been freed after nearly two months in captivity.Negotiators claim that no ransom was involved in the release of Johan Van den Eynde, 47, and Philippe Simon,...

Sjamsul, Prajogo to return home

Sjamsul, Prajogo to return home JAKARTA (JP): Magnates Sjamsul Nursalim and Prajogo Pangestu are expected to return to Jakarta next month to face graft charges, an official said on Friday.Director general for immigration at the Ministry of Justice and Human Rights Iman Santoso, said his office was...

Minister of Home Affairs vows to amend regional autonomy

Minister of Home Affairs vows to amend regional autonomy JAKARTA (JP): Newly-appointed Minister of Home Affairs Hari Sabarno has said the smoothening out of the shaky start of regional autonomy would be one of his primary objectives, including ensuring that it would not lead to the breakup of the...

Lost generation created by ongoing Aceh crisis

Lost generation created by ongoing Aceh crisisBy Ibnu Matnoor BANDA ACEH, Aceh (JP): Irfan Saman, 13, will surely join the large number of school dropouts in troubled Aceh, following the arson attack on his school, Teupin Batee Islamic elementary, in Idi Rayeuk, East Aceh, by an unidentified group...

Japan Tohoku, Pertamina to finalize Arun LNG shipment

Japan Tohoku, Pertamina to finalize Arun LNG shipment TOKYO (Dow Jones): Japan's Tohoku Electric Power Co. said Friday that it will soon finalize with Indonesia's state-owned Pertamina an offloading schedule for liquefied natural gas cargoes from Indonesia's Arun terminal.

1. Debt (3 x 15)

1. Debt (3 x 15) IBRA plans to sell unrestructured loans worth Rp 8t 2. Divest (3 x 14) Govt to sell state telecoms in September 3. Telkom (2 x 20) Telkom reports 19.46% increase in H1 earnings 4. Peni (2 x 22) Peni considers alliance with Chandra Asri 5. Japan (1 x 28) Japan may escape recession 6.

People celebrate Independence Day in their own way

People celebrate Independence Day in their own way JAKARTA (JP): Skipping the 56th Independence Day ceremony at Merdeka Palace, former president Abdurrahman "Gus Dur" Wahid celebrated the event on Friday with street children and other residents at his residential complex in South Jakarta..

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on August 16, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,550 25 408,000 Adindo Foresta 105 0 50,000 AGIS 140 0 193,500 Akbar Indo Makmur 1,625 0...

Refugees want resettlement

Refugees want resettlement PALU, Central Sulawesi: Thousands of Poso citizens temporarily housed at the Gawalise sports hall in Palu following the outbreak of sectarian clashes in their home town last year, urged that the provincial administration keep its promise to resettle them soon.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on August 16, 2001:Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,550 25 408,000 Adindo Foresta 105 0 50,000 AGIS 140 0 193,500 Akbar Indo Makmur 1,625 0 0...

INTERVIEW-Malaysia Muslim leader says Mahathir scaremongering

INTERVIEW-Malaysia Muslim leader says Mahathir scaremongering KUALA TERENGGANU, Malaysia (Reuters): An influential Malaysian Islamic opposition leader said on Friday a crackdown by Prime Minister Mahathir Mohamad's government on alleged Muslim extremists was scaremongering to shore up dwindling...

JAKARTA (JP): Today many schools boast they have a lot of

JAKARTA (JP): Today many schools boast they have a lot of subjects to teach their students. To ignorant parents, this seems promising as they believe their children will be the cleverer, the more subjects are crammed into their brains.

Percasi names nine players for SEAG

Percasi names nine players for SEAG JAKARTA (JP): The Indonesian Chess Federation (Percasi) has named nine players to represent Indonesia at the Kuala Lumpur Southeast Asian (SEA) Games.The chess tournament will be held in Kuala Lumpur as an exhibition event before being officially included at the...

Business permits

Business permitsFrom Media IndonesiaThe Decree of the Minister of Industry and Trade No. 591/MPP/Kep/10/1999 of October 13, 1999 lays down, among other things, the procedures and requirements for an application for a business permit by owners of corporate entities.

Show marks anniversary of Sukarno's birth

Show marks anniversary of Sukarno's birthBy Primastuti Handayani JAKARTA (JP): Guruh Soekarno Putra's Menggugat (Guruh Soekarno Putra's Demands) would perhaps be a more appropriate title for his show commemorating the 100th anniversary of the birth of his father, first president Sukarno.

Flying of national flag

Flying of national flagFrom KompasI have been concerned recently over the hoisting of our national flag in front of houses, private companies and state enterprises. This state symbol has now lost much of its significance as it is quite common to see the flag unfurled improperly for months on end in...

2. Aceh ----- 3x14

2. Aceh ----- 3x14Explosions jolt Independence Day festivities in Aceh

Telkom reports 19.46% increase in H1 earnings

Telkom reports 19.46% increase in H1 earnings JAKARTA (JP): Publicly listed state-owned telecommunications company PT Telkom announced on Thursday a 19.46 percent increase in consolidated net income to Rp 1.7 trillion (US$196.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Ceramics by Yogiswari and Kurniawati, Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61- 62 South Jakarta (Phone: 5201266), Aug. 18. * Painting, Ceramics Paul Husner, F. Widayanto, Galeri Minima - Maxima, Jl.

Judicial review of Tommy Suharto case processed

Judicial review of Tommy Suharto case processed JAKARTA (JP): The Supreme Court is currently processing a court review of the corruption case of fugitive son of former president Soeharto, Hutomo "Tommy" Mandala Putra, who has already been sentenced to 18 months in jail.

Inmates know not what to do after freedom

Inmates know not what to do after freedom JAKARTA (JP): Many convicts who were given back their freedom on Friday were deeply confused about what to do next as they thought they had lost their place in society.

Judicial review of Tommy Suharto case processed

Judicial review of Tommy Suharto case processed JAKARTA (JP): The Supreme Court is currently processing a court review of the corruption case of fugitive son of former president Soeharto, Hutomo "Tommy" Mandala Putra, who has already been sentenced to 18 months in jail.

PKB

PKB PKB is a no-show at House plenary session. Page 2 Tommy Judicial review of Tommy Soeharto case initiated. Page 3 Teaching Bring fun to classroom! Page 4 Badminton Johan and Taufik cruise to semifinals. Page 6Housing Kebayoran Baru, RI's first housing complex.

Veterans hope youngsters appreciate sacrifice

Veterans hope youngsters appreciate sacrifice JAKARTA (JP): Indonesia celebrated its 56th Independence Day on Friday with many celebrations held in housing complexes, offices and schools. Malls were full of red and white decorations and even TV stations broadcast special programs for the occasion.

Explosions mar Independence Day festivities in Aceh

Explosions mar Independence Day festivities in Aceh LHOKSEUMAWE, North Aceh (JP): Red-and-white flags were flying high along the streets here for Independence Day celebrations on Friday, but most shops in the town were closed and business activities at a standstill.

Photo A/B: Aceh

Photo A/B: AcehJP/Muharram M. Nur Reuters/BeawihartaINDEPENDENCE DAY CELEBRATION: A group of school girls in Islamic outfit (above) walk past Banda Aceh Grand Mosque on their way to an open field for a ceremony to mark the 56th anniversary of Indonesia's Independence Day.

Reforming Indonesia

Reforming Indonesia Indonesia's President Megawati Soekarnoputri is exceeding expectations left and right. Last week she awarded the most important positions in her cabinet to well-respected technocrats, doling out lesser posts to her coalition partners, and the markets gave their nod of approval.

Rupiah Rates August. 16

Rupiah Rates August. 16 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,233.00 9,233.00 8,689.00 8,777.00 Australian dollar 1 4,354.43 4,887.95 4,595.61 4,646.54 Austrian schilling 1 547.16 614.29 577.46 583.95 Belgian franc 1 186.64 209.54 196.98 199.

Megawati apologizes to Acehnese, Papuans

Megawati apologizes to Acehnese, Papuans JAKARTA (JP): In her first state of the nation address on Thursday, President Megawati Soekarnoputri apologized for past human rights abuses, promised to maintain national unity and outlined her vision, which will focus on efforts to rescue the country from...

Fresh start in Jakarta

Fresh start in Jakarta The new government in Indonesia, gives hope after years of drift. President Megawati Soekarnoputri has won praise for a cabinet that favored professionalism over politics. But the massacre of at least 30 civilians in a province on Thursday was evidence of the challenges...

[i]We must do our utmost to honor the obligations contained in

We must do our utmost to honor the obligations contained in these commitments. Nonetheless, we would certainly be deeply grateful if friendly countries and related creditors could give us some room ...

IBRA plans to sell unrestructured loans worth Rp 8t

IBRA plans to sell unrestructured loans worth Rp 8t JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) plans to sell off Rp 8 trillion (about US$919 million) in unrestructured loans via an open tender process starting this year, a source at the agency said on Thursday.

Kebayoran Baru, RI's first housing complex

Kebayoran Baru, RI's first housing complexBy Ida Indawati Khouw Living in Kebayoran Baru, South Jakarta, is regarded with particular pride by many of its residents. However, during its early years of development, people were reluctant to live there.

Johan and Taufik cruise to Singapore semis

Johan and Taufik cruise to Singapore semis JAKARTA (JP): Indonesia's Johan Hadikusuma and Taufik Hidayat passed through Friday's Malaysia-dominated quarterfinals round of the US$120,000 Sunrise-Yonex Singapore Open to set up semifinals matches against two Malaysian shuttlers.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on August 16, 2001:Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,550 25 408,000 Adindo Foresta 105 0 50,000 AGIS 140 0 193,500 Akbar Indo Makmur 1,625 0 0...

Peni considers alliance with Chandra Asri

Peni considers alliance with Chandra Asri JAKARTA (JP): Petrochemical producer PT Petrokimia Nusantara Interindo (PT Peni) is considering creating an alliance with PT Chandra Asri to strengthen the local polyethylene industry in order to compete with international players.Peni's president Robert M.

Outlook: The opportunity is definitely there

Outlook: The opportunity is definitely there The lack of security and law enforcement is one of the many things hampering the development of e-commerce in the country. Eka N. Ginting, CEO of locally based travel portal indo.com, answers The Jakarta Post's questions on the issue.

TNT Indonesia

TNT Indonesia On July 18, 2001, I sent a document with the Semarang branch, of TNT to Kuala Lumpur, Malaysia. TNT's reference number was GD 259316615 WW. The document was received on July 20. It was pointed out by the recipient that the envelopes inside the TNT tamper-proof bag had been ripped open...

JP/5/MEG2

JP/5/MEG2In this context -- taking into account the intensive public discourse on the need to amend the 1945 Constitution and to give as wide as possible opportunity for all segments of society to contribute to its perfection -- it seems to be more beneficial for the Assembly to focus its attention...

Medan shooting puzzles police

Medan shooting puzzles police MEDAN, North Sumatra: Medan Police have yet to uncover clues relating to the shooting of Bekman Hutabarat, chairman of the provincial office of the Association of Indonesian Suppliers on Aug. 14.Medan Police chief Sr. Comr.

Legislators, observers hail Mega's speech

Legislators, observers hail Mega's speech JAKARTA (JP): Observers and legislators showered President Megawati Soekarnoputri's state-of-the-nation address with praise on Thursday which they said shed a ray of hope for good governance.

KL palm oil extends gains, eyes data

KL palm oil extends gains, eyes data KUALA LUMPUR (Reuters): Malaysian palm oil futures extended gains at the close on Friday on short covering, but most players remained cautious about future trends, traders said.

Rupiah Rates August. 16

Rupiah Rates August. 16 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,233.00 9,233.00 8,689.00 8,777.00Australian dollar 1 4,354.43 4,887.95 4,595.61 4,646.54Austrian schilling 1 547.16 614.29 577.46 583.95Belgian franc 1 186.64 209.54 196.98 199.

Council: Sell city-owned firms that suffer continuous losses

Council: Sell city-owned firms that suffer continuous losses JAKARTA (JP): City councillors suggested on Thursday that the city administration sell its companies which continue to suffer losses. Chairman of Commission B on economic affairs Syarif Zulkarnaen Ginting revealed that the administration...

Govt to sell state telecoms in September

Govt to sell state telecoms in September JAKARTA (JP): The government said it expected to sell a state- owned telecommunications company -- either PT Telkom or PT Indosat -- in September to raise cash to help finance the 2001 state budget deficit.

PM Goh cites achievements, calls for new economic model

PM Goh cites achievements, calls for new economic model SINGAPORE (AFP): Prime Minister Goh Chok Tong on Friday issued a glowing review of his past decade in office but warned that the next 10 years will be tougher and require a new economic model to sustain Singapore's progress.

Supporting Megawati's Cabinet

Supporting Megawati's CabinetFrom Koran TempoThe new Cabinet has been set up, with the ministers comprising a variety of backgrounds, just like the diversity of our nation. Many hopes are pinned on Megawati, whose leadership is expected to last until 2004.

Council urges sale of ailing city firms

Council urges sale of ailing city firms JAKARTA (JP): City councillors suggested on Thursday that the city administration sell its companies which continue to suffer losses.Chairman of Commission B on economic affairs Syarif Zulkarnaen Ginting revealed that the administration had spent too much...

Malaysians get weapons from RP to fight in RI

Malaysians get weapons from RP to fight in RI KUALA LUMPUR (AP): Malaysian police on Friday said they have arrested two Malaysians and 13 Indonesians for allegedly trying to smuggle weapons to Islamic militants fighting Christians in Indonesia's Maluku Islands.

Raid threat affects Puncak hotels

Raid threat affects Puncak hotels JAKARTA, (JP): Despite the long weekend due to Independence Day which fell on Friday, not all hotels in Puncak holiday resort in West Java were fully booked as expected.A number of hotel operators said they were usually booked out a few days ahead of a long weekend.

1. Duit (2 x 25)

1. Duit (2 x 25) Asian currencies down, dollar catches its breath 2. Market (1 x 35) Asia shares sluggish as Nikkei sags 3. Oil (1 x 35) OPEC to implement final cut for the year 4 gold (2 x 22) Gold rally seen losing steam, platinum up 5. Palm (2 x 18) KL palm oil extends gains, eyes data

Megawati's solemn vow

Megawati's solemn vow President Megawati Soekarnoputri has demonstrated to the people that she is sensitive toward the most immediate aspiration of the people to have clean governance. In her first state-of-the-nation address on Thursday, besides discussing various important issues such as the...

KL manufacturing sales fall

KL manufacturing sales fall KUALA LUMPUR (AFP): Malaysia's sales of manufactured goods fell 9.7 percent year-on-year in June, the Statistics Department said Thursday.Sales for the month were valued at 26 billion ringgit (US$6.8 billion) against 28.8 billion ringgit in June last year.

ASEAN warns EU over issue at WTO talks

ASEAN warns EU over issue at WTO talks BANDAR SERI BEGAWAN (AP): Southeast Asian economic officials urged the European Union on Thursday to refrain from trying to include environmental and labor standards in trade talks or else doom the latest attempt by the World Trade Organization to launch a new...

New diphtheria strain alters vaccine policy

New diphtheria strain alters vaccine policy BANDUNG (JP): The Ministry of Health will change its policy on immunization for school children as of 2002 in response to a recent increase in the incidence of diphtheria in parts of the country, a senior official has said.

Life sentence sought for African in Tangerang court

Life sentence sought for African in Tangerang court TANGERANG (JP): A prosecutor demanded on Thursday that the Tangerang District Court sentence an African to life imprisonment for allegedly attempting to smuggle one kilogram of heroin into the country from Pakistan.

KL wary of Thai prostitutes

KL wary of Thai prostitutes BANGKOK (AFP): Malaysian authorities concerned about a huge influx of Thai prostitutes during next month's Southeast Asian Games have asked Thai police to screen women crossing the border, a report said on Friday.