Indonesian Political, Business & Finance News

Archive: 2 August 2001

73 articles found

Singapore banks face difficult year: ING Barings

Singapore banks face difficult year: ING Barings SINGAPORE (AFP): Singapore banks face a brutal environment over the next 12 months as the impact of consolidation and an onslaught of foreign competition erodes earnings, Dutch banking group ING Barings said Wednesday.

KL mounts huge security drive to enforce ban on rallies

KL mounts huge security drive to enforce ban on rallies KUALA LUMPUR (AP): Hundreds of riot police backed by water cannon deployed across a key Malaysian state to enforce a ban on political gatherings by the country's biggest opposition party, police and opposition leaders said Wednesday.

'Code Red' virus fails to wreak havoc after much hype

'Code Red' virus fails to wreak havoc after much hype JAKARTA (JP): The much hyped computer virus, Code Red, failed to wreak havoc on Internet systems in Indonesia and other countries on Wednesday, the day it was scheduled to attack for the second time this month.

2. 4Heru -- 1 x 40

2. 4Heru -- 1 x 40 A tale of two systems in Jakarta's transport 3. Islam -- 1 x 35 Autonomy revives hopes in sharia law

10-year sentence sought for blast suspects

10-year sentence sought for blast suspects JAKARTA (JP): Prosecutors on Wednesday sought a 10-year sentence for the two suspects who allegedly hurled a grenade at the Malaysian embassy compound here last year.However only one of the suspects, Iswadi H.

Gun smuggling attempt foiled

Gun smuggling attempt foiled MAKASSAR, South Sulawesi (JP): The police foiled an attempt on Wednesday to smuggle arms into the restive regency of Poso at Soekarno-Hatta seaport, Makassar.The police arrested a suspect identified as Are, 35, who was carrying two .

Council asked to approve controversial theater project

Council asked to approve controversial theater project JAKARTA (JP): The city administration asked the city council to approve the controversial Great Theater project in Taman Ismail Marzuki (TIM) on Wednesday.E.

Inflation rate expected to slow: BPS

Inflation rate expected to slow: BPS JAKARTA (JP): For most Indonesians, life is still difficult with the price of most goods and services soaring, as mirrored by the increasing inflation rate in the first seven months of this year.Inflation, as measured by the consumer price index (CPI), was up 2.

Bali guards its tourist appeal

Bali guards its tourist appeal DENPASAR, Bali (JP): Blue Lagoon and Suddenly Susan's star Brooke Shield just ended her two-week honeymoon with her new husband in a luxury villa in Bali.Veteran rock star David Bowie and his supermodel wife Iman are frequent visitors to this resort island, and have...

Foreign tourist arrivals up in June, BPS report

Foreign tourist arrivals up in June, BPS report JAKARTA (JP): The number of foreign visitors arriving in Indonesia rose slightly in June to 388,900 from 367,000 in the previous month, the Central Bureau of Statistics (BPS) reported on Wednesday.The bureau attributed the 5.

Nahdlatul Ulama

Nahdlatul Ulama NU to stay out of politics: Salahuddin Page 2 Chaos U.S. must prevent chaos in RI. Page 4Tennis Agassi suffers shock defeat in Montreal. Page 7Cremation Mass cremation rite liberates dead souls. Page 9Currencies Asian currencies mixed, equity inflows boost won.

Give up legislative

Give up legislative post firstFrom Rakyat MerdekaAfter reading in Koran Tempo the biodata of the vice presidential candidates on July 26, 2001 and the results of the People's Consultative Assembly's Special Session on July 27, 2001, I concluded that the installment of Hamzah Haz as vice president...

Power's corrupting effect

Power's corrupting effect (Former President Abdurrahman) Wahid was keenly aware of the need to attack widespread corruption and cronyism to promote democracy in Indonesia. Facing fierce resistance from those with ties to the old regime willing to resort to terrorism against opponents.

Southeast Asia dogged by problems of key members: DBS Bank

Southeast Asia dogged by problems of key members: DBS Bank SINGAPORE (AFP): Corruption scandals dogging the leaders of the Philippines and Thailand, and the inexperience of new Indonesian President Megawati Sukarnoputri, have regional financial markets on edge, Southeast Asia's largest bank said...

NU to stay out of politics, Salahuddin says

NU to stay out of politics, Salahuddin says JAKARTA (JP): An executive of the largest Muslim organization Nahdlatul Ulama (NU) said on Wednesday that it would better for the organization to stay out of politics to enable it to focus on social and religious activities.

No clues in Semarang bombing, say police

No clues in Semarang bombing, say police SEMARANG (JP): Police have yet to find any clues in the recent bombing at Christ Alfa Omega Tabernakel Bethel Church in Semarang, which injured two women on Tuesday.Central Java Police chief Insp. Gen. M.A.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug 1, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,350 0 23,500 Adindo Foresta 115 0 145,000 AGIS 140 0 520,000 Akbar Indo Makmur 1,600 200...

Yori's photos a loving tribute to old buildings

Yori's photos a loving tribute to old buildingsBy Aendra H. Medita JAKARTA (JP): Traces of the legacy of history found in old buildings and architecture are recorded in the extraordinary pictures of photographer-cum-architect Yori Antar.

Where to go in Bali:

Where to go in Bali:Exhibitions * Arts: Hierarchy by Koniherawati, Seniwati Showspace, Jl. Raya Ubud (Phone: 0361 975485), 9 a.m. to 5 p.m., until Aug. 29. * Kebiar Seni VII Taksu, Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), until Oct. 2.

Rupiah Rates August. 1

Rupiah Rates August. 1 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,925.00 9,925.00 9,378.00 9,472.00Australian dollar 1 4,553.54 5,068.70 4,784.66 4,837.35Austrian schilling 1 568.70 632.78 597.56 603.90Belgian franc 1 193.99 215.85 203.83 205.

Moral victory of democracy supporters

Moral victory of democracy supportersFrom Koran TempoThe victory celebrated by some of the people today is not substantial, as the victory has been reached unfairly. Most Indonesian people have noticed that there is a group that has shown its prejudice by making sarcastic and exaggerated remarks,...

Military training for tae kwon do team

Military training for tae kwon do team JAKARTA (JP): The national tae kwon doins being groomed for the Kuala Lumpur 2001 Southeast Asian (SEA) Games are to have their discipline and fighting spirit boosted in a two-week military-style training stint.

99 missing in Nias flood

99 missing in Nias flood MEDAN, North Sumatra (JP): Twenty-eight people are dead and 99 more are missing after storms hit two districts in Nias regency, North Sumatra early on Tuesday morning.The death toll is expected to rise.

Approved FDI jumps by 113.2% in first half

Approved FDI jumps by 113.2% in first half JAKARTA (JP): The Investment Coordinating Board (BKPM) said on Wednesday that approved foreign direct investment (FDI) jumped by 113.2 percent to US$4.96 billion in the first half of this year compared to the same period last year.

U.S. must prevent chaos in RI

U.S. must prevent chaos in RIBy Tom PlateWhy U.S. must not let Indonesia devolve into anarchy LOS ANGELES: The problem with moral purity of the political kind is that it can produce consequences of the most immoral kind.

Arrest of officials 'won't affect' Thai-Myanmar ties

Arrest of officials 'won't affect' Thai-Myanmar ties BANGKOK (AP): A Myanmar government spokesman professed bewilderment on Wednesday at charges by an international press freedom group that the country's military regime detains journalists in brutal conditions and tightly restricts freedom of...

A tale of two systems in Jakarta's transport

A tale of two systems in Jakarta's transport This is the first of two articles on transportation in Jakarta by Heru Dewanto, who heads the Center for Technology and Industry Development. He is also CEO of the Jakarta-based Rekainfra International company which is among the consultants for the...

Activist says councillors plan overseas trips

Activist says councillors plan overseas trips JAKARTA (JP): City councillors are again planning to travel overseas -- this time to Japan and Argentina -- to engage in comparative studies in disaster and garbage management, following their controversial trip to Los Angeles last month, an activist...

Megawati 'won't reopen' ministry of information

Megawati 'won't reopen' ministry of information JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) secretary-general Sutjipto said on Wednesday that President Megawati Soekarnoputri would not reestablish the information ministry, as feared by many activists and figures in the...

Government has no reason to delay back pay: Andi

Government has no reason to delay back pay: Andi JAKARTA (JP): The delayed disbursement of additional back pay derived from salary hikes of civil servants over the last six months shows the central government's mismanagement of regional autonomy, an observer said on Wednesday.

Customs boasts faster service

Customs boasts faster service JAKARTA (JP): Responding to exporters' concern, customs and excise claim its export inspection service has saved more time through improved efficiency, after the government took over the task from state owned PT Superintending Company of Indonesia (Sucofindo) on...

RP rebels kill two civilians

RP rebels kill two civilians ZAMBOANGA, Philippines (AFP): Two civilians were killed in a raid by Muslim separatists in the southern Philippines, violating a truce amid peace talks being held in Malaysia, the military said Wednesday.

Artist Dodog Soeseno's imagery of a fertile Eden

Artist Dodog Soeseno's imagery of a fertile EdenBy Carla Bianpoen JAKARTA (JP): Traditionally, the Garden of Eden is interpreted as a place of great happiness, the abode of the earth's first creatures. Many also believe it was this garden where humankind became forever marked with sin.

Blast injures 6 people

Blast injures 6 people JAKARTA (JP): The Atrium Plaza in Senen, Central Jakarta, was rocked on Wednesday by a bomb that exploded at 8:10 p.m. just in front of the shopping mall's entrance, injuring six people.

Asian currencies mixed; equity inflows boost won

Asian currencies mixed; equity inflows boost won SINGAPORE (Dow Jones): Asian currencies were mixed late Wednesday, largely in rangebound trade, with the dollar failing to make much headway as markets braced for more dismal economic data out of the U.S., dealers said.The steep falls in U.S.

E. Java province opens radio station

E. Java province opens radio station SURABAYA (JP): East Java Governor Imam Utomo launched on Wednesday a new radio station, JT-FM 92.7 Radio Musik Indonesia, which is owned by the local provincial administration, with the aim of disseminating information about its development achievements to the...

KL's trade surplus down

KL's trade surplus down KUALA LUMPUR (AFP): Malaysia's trade surplus in June fell 30 percent from a year earlier due to a sharp slowdown in exports, official figures showed Wednesday.June's 3.3 billion ringgit (US$868.42 million) surplus compared with 4.

Autonomy revives hopes on sharia law

Autonomy revives hopes on sharia lawBy Fajar Nursahid JAKARTA (JP): The recent passage of a bill granting special autonomy for Nanggroe Aceh Darussalam, which includes a provision for the implementation of sharia (Islamic laws) for Muslims there, has revived discussion on the subject.

Astra sees profit if rupiah stays below 9,500 to dollar

Astra sees profit if rupiah stays below 9,500 to dollar JAKARTA (JP): Publicly listed auto manufacturer PT Astra International said it was hoping to end the year in profit, despite a first half net loss of Rp 993.

Challenges facing the new govt

Challenges facing the new govtFrom Koran TempoThe new government under President Megawati Soekarnoputri will have to work toward important objectives not yet achieved during the administration of former president Abdurrahman Wahid.

Indonesia's exports, imports slow in June, says BPS

Indonesia's exports, imports slow in June, says BPS JAKARTA (JP): Indonesia's international trade activities slowed in June, with both exports and imports down from the previous month.According to data released from the Central Bureau of Statistics (BPS) on Wednesday, exports in June declined...

Not as good as promised

Not as good as promisedFrom KompasOn June 6, my elder brother bought a newly conditioned and officially guaranteed cellular phone Nokia 3330 from Toko Beryl Indo Perkasa on Jl. Pemuda, Padang. The next day, after turning on the phone for five minutes, he realized it was not working well, although...

'No foreign intervention to free Irian hostages'

'No foreign intervention to free Irian hostages' JAKARTA (JP): The Indonesian government vowed on Wednesday to use peaceful means in its attempt to release two Belgians held hostage by armed separatist rebels in Irian Jaya.

Phillips Petroleum shelves East Timor gas pipeline

Phillips Petroleum shelves East Timor gas pipeline SYDNEY (Agencies): Phillips Petroleum announced Wednesday the indefinite shelving of plans to build a US$750 million gas pipeline between East Timor and Australia.The decision also jeopardizes $6.

Suffering creatures

Suffering creatures I would just like to write to say how much I applaud The Jakarta Post in being so supportive of conservation and environmental issues.Another excellent article in July 31 edition brings readers' attention again to this horrific trade in animals that abounds here and how helpless...

Human behavior depicted in commercials

Human behavior depicted in commercialsFrom KompasTV commercials are so astonishing in terms of their style and language that I, as a viewer, often wonder whether I am still in Indonesia, a highly cultured country renowned for its polite and religious people and their customs and mores.

Last act of mismanagement

Last act of mismanagement The move by Ministry of Finance secretary general Widjanarko to abruptly end state-owned PT Superintending Company of Indonesia (Sucofindo)'s contract to inspect non-oil exports at preshipment points on Aug. 1 is bizarre indeed.

Indonesia's challenge

Indonesia's challenge Applause, tears and relief greeted the election in Indonesia's parliament of Megawati Sukarnoputri to succeed Abdurrahman Wahid, the elderly, obstinate and ineffectual President dismissed for incompetence after 21 chaotic months in office.

Portugal guarding Guterres' family

Portugal guarding Guterres' family LISBON (Reuters): Portugal has put the family of a former Timorese militia leader under 24-hour guard because of death threats, a Foreign Ministry spokesman said on Wednesday.

Dept. Store owner's relative kidnapped, Rp 7b ransom

Dept. Store owner's relative kidnapped, Rp 7b ransom JAKARTA (JP): A man was kidnapped on Saturday evening, apparently because he was mistaken for his brother, owner of the country's largest retail chain PT Matahari Putra Prima, a police officer said on Wednesday.Jakarta Police spokesman Sr. Comr.

'Ngerit' mass cremation rite liberates dead souls

'Ngerit' mass cremation rite liberates dead soulsText and photos by I Wayan Juniartha GIANYAR, Bali (JP): Even the scorching sun had no power to stop dozens of youths in Tulikup village, which lies on the border between Gianyar and Klungkung regencies, some 27 kilometers east of Denpasar, from...

Malaysia eyes Japanese loan for million dollar bridge: Report

Malaysia eyes Japanese loan for million dollar bridge: Report KUALA LUMPUR (AFP): Work on a 2.3 billion ringgit (US$605 million) bridge in Malaysia's northern Penang state is expected to begin in 2003 once funding from Japan is secured, a report said Wednesday.The 9.2 kilometer (5.

Witness calls $95m disbursement a graft

Witness calls $95m disbursement a graft JAKARTA (JP): An expert witness of the Development Finance Comptroller (BPKP) Hadi said the disbursement of some Rp 904 billion (US$95 million) to Bank Bali could be categorized as corruption, as Bank Indonesia derived it from the account of the state...

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...

Taiwan sends back thousands of RI workers every month

Taiwan sends back thousands of RI workers every month JAKARTA (JP): Taiwan sends back 2,000 Indonesian migrant workers each month due to their lack of skills and ability to speak Mandarin, Indonesian migrant worker supplier agency (PJTKI) official said.

'No sex business in Monas, please'

'No sex business in Monas, please' JAKARTA (JP): The city administration has pledged to properly manage the area around Monas, which is currently disorganized and has become a hot spot for the sex industry.

13 people killed in train-truck collision

13 people killed in train-truck collision PEKALONGAN, Central Java (JP): At least 13 people were killed and eight others injured after a train, the Empu Jaya, traveling between Purwokerto (Central Java) and Jakarta hit an intercity bus at a railway crossing close to the Kemisik River in the village...

Indonesia's grains move sends positive signal

Indonesia's grains move sends positive signal SINGAPORE (Reuters): Strife-torn Indonesia's move to lift a three-and-half-month ban on South American grains could not have come at a better time.The rupiah is strengthening, the feed market is facing a supply squeeze, South American grains are...

Illegal immigrants stranded in Lombok

Illegal immigrants stranded in Lombok MATARAM, West Nusa Tenggara (JP): The 251 illegal Middle Eastern immigrants stranded on Bima island last month have been moved here where their legal status will be determined.

Three injured in jail brawl

Three injured in jail brawl JAKARTA (ANTARA): Three Cipinang prison inmates were injured in a brawl between two rival groups on Wednesday, two days after police conducted an intensive cell-to-cell search for weapons and dangerous objects inside the state penitentiary.

Rural banks enjoy higher profit: BI

Rural banks enjoy higher profit: BI JAKARTA (JP): The net profit of rural banks rose to Rp 116 billion (US$12.08 million) last year or 15 times higher than the Rp 7 billion recorded in 1999, Bank Indonesia said on Wednesday.

Oil rebounds as U.S. crude stocks show surprise fall

Oil rebounds as U.S. crude stocks show surprise fall LONDON (Reuters): World oil prices rebounded on Wednesday following a surprise drop in U.S. crude inventories which pointed to tighter supply ahead of the northern winter.London futures for Brent Blend crude oil jumped by 28 cents to US$24.

Housemaid steals employer's valuables

Housemaid steals employer's valuables TANGERANG (JP): A housemaid stole valuables from the house of her employer, TV presenter Detty Supandi, on Jl. Maleo XIII No. 14, Bintaro Jaya, Tangerang, on Tuesday, police announced on Wednesday.

Don't lift sanctions on Myanmar: RSF

Don't lift sanctions on Myanmar: RSF BANGKOK (AFP): International press advocacy group Reporters sans Frontieres (RSF) has appealed to the European Union and United States not to lift sanctions against Myanmar prior to the release from prison of 18 journalists.

Parties scramble to get their members into new Cabinet

Parties scramble to get their members into new Cabinet JAKARTA (JP): With only a few days remaining before a new Cabinet line-up is announced, political parties are jostling with President Megawati Soekarnoputri or her aides and Vice President Hamzah Haz to get their candidates into the Cabinet.

How Britain and U.S. covered up RI massacre

How Britain and U.S. covered up RI massacreBy Isabel Hilton LONDON: As Megawati Soekarnoputri struggles to hang on to control of Indonesia in the latest round of political upheaval, news has been published of how the British government covered up one of the worst massacres of the 20th century.

'Defiant' police officer goes on hunger strike

'Defiant' police officer goes on hunger strike JAKARTA (JP): One of eight police officers being detained by National Police on charges of insubordination, has gone on a hunger strike because of unfair treatment, one of the officers' 40 lawyers said on Wednesday.

Extortion by ex-convicts

Extortion by ex-convictsFrom Warta KotaStories such these have been reported in the media recently where passengers of Patas (air-conditioned express buses) serving the Ciputat-Kota, Blok M-Kota and Lebak-Kota routes are extorted by so-called ex-convicts.

Marcos kept gold in late Kim's name

Marcos kept gold in late Kim's name SEOUL (AFP): The late Philippine dictator Ferdinand Marcos has deposited multi-billion-dollar-worth gold bars at a Swiss bank in the name of the late North Korean leader Kim Il-sung, a report said Wednesday.

Indonesia suffers second defeat

Indonesia suffers second defeat JAKARTA (JP): The Indonesian men's basketball team, preparing for the Kuala Lumpur 2001 Southeast Asian (SEA) Games, suffered its second straight defeat in the Philippines National Basketball League (NBL) invitational, beaten 66-75 by the University of Manila team on...

Hanrahan breaks mark to share the lead

Hanrahan breaks mark to share the lead JAKARTA (JP): Thailand-based American Greg Hanrahan broke the Taman Dayu Golf Club's course record during the second day of the Rp 350 million (US$35,000) 2001 Olympic Open at the Pandaan, East Java-based course by carding a five-under-par 67 for an aggregate...

Discipline vital to the nation

Discipline vital to the nation I think a lack of discipline in various sectors has so far been one of the main causes of stagnation in development, as well as corruption, collusion and nepotism (KKN). We in Indonesia are still lagging behind not only the advanced and newly industrialized countries...

No compromise with separatists

No compromise with separatists JAYAPURA, Irian Jaya (JP): The Indonesian Military (TNI) will never compromise with secessionists, Trikora Military Commander Maj. Gen. Mahidin Simbolon said here on Wednesday.