Indonesian Political, Business & Finance News

Archive: 7 August 2001

67 articles found

A long road ahead to resuming U.S.-RI military ties

A long road ahead to resuming U.S.-RI military ties A number of problems feature in the controversy surrounding the resumption of U.S.-Indonesian military ties, writes Dr. Kusnanto Anggoro, senior researcher at the Centre for Strategic and International Studies and lecturer in the postgraduate...

Asian currencies maintain strenght on domestic factors

Asian currencies maintain strenght on domestic factors SINGAPORE (Dow Jones): Most Asian currencies maintained their recent strength late Monday on domestic factors, largely unperturbed by the dollar's ascent against the yen and the euro, dealers said.

Where to go in Bandung:

Where to go in Bandung:Exhibition * Contemporary Fine Arts by fine arts school teachers, Taman Budaya (West Java Cultural Center), Jl. Bukit Dago Selatan no. 53 A (Phone: 022 2504912), 10 a.m. to 7 p.m., Aug. 15 - 22.

Privatization amounts to zero so far: Govt

Privatization amounts to zero so far: Govt JAKARTA (JP): With four months remaining to help fill the country's widening state budget deficit, the government admitted on Monday that proceeds from its privatization program have so far amounted to zero.

What will Gus Dur do

What will Gus Dur doBy Aboeprijadi Santoso Baltimore, USA (JP): Abdurrahman Wahid, alias Gus Dur, may be a tragic president, after his rule started with euphoria and ended with drama, but given the numerous crises the country faces and his potential to contribute to the wellbeing of the nation, the...

People discover lucrative business in waste recycling

People discover lucrative business in waste recyclingBy Danis Purwono JAKARTA (JP): With over 10 million people living in Jakarta, imagine how much waste they collectively produce each day. You can get an idea simply by watching how many bags of garbage you throw out every day, or by looking at how...

Will RI see a revival of cronyism?

Will RI see a revival of cronyism?By Simon Montlake JAKARTA: Once they get their feet under the table, President Megawati Soekarnoputri's new economic team will be grappling with many problems left unsolved by the old one.

Exporters support new role of Customs office

Exporters support new role of Customs office JAKARTA (JP): Leading Indonesian exporters expressed initial support for export inspection by the customs and excise office, a role which it took over from state-owned surveyor firm PT Superintending Company of Indonesia (Sucofindo) last week.

Mercedes Benz belonging to the ruling elite ply the streets of

Mercedes Benz belonging to the ruling elite ply the streets of the capital, while ordinary citizens dig for roots...

Govt upholds decision on CPP oil block

Govt upholds decision on CPP oil block JAKARTA (JP): The government will not cancel its recent decision to extend the contract of PT Caltex Pacific Indonesia (CPI) over the management of the Coastal Plains Pekanbaru (CPP) oil block in Riau despite strong protest from local people, secretary general...

Jakarta Brimob officers sent to Aceh

Jakarta Brimob officers sent to Aceh JAKARTA(JP): Some 114 officers from the police's elite Mobile Brigade (Brimob) departed on Monday bound for Aceh to reinforce the security forces in the troubled province.

Megawati's 1st day at the palace

Megawati's 1st day at the palace JAKARTA (JP): The country's fifth president, Megawati Soekarnoputri, received an official visit from the United States Ambassador Robert S. Gelbard at the State Palace on Monday (photo above), marking her first working day in the palace.

Govt to raise tax on luxury cars

Govt to raise tax on luxury cars JAKARTA (JP): The government has issued a decree raising the taxes on luxury cars to 75 percent effective as of September.The decree stipulates that vehicles with engine capacities of between 2,500 cc and 3,000 cc will be subject to 30 percent tax, as compared to...

Fairground case causes city to lose $200m

Fairground case causes city to lose $200m JAKARTA (JP): City Council Commission B for Economic Affairs revealed that the city administration had suffered a total loss of US$200 million during its almost 10 years of cooperation with private companies in managing the annual Jakarta Fair.

Indonesian English? No way!

Indonesian English? No way! 'Local English' anyone? by Dr. Simon Marcus Gower, published in The Jakarta Post on Aug. 4, 2001 is enlightening, in that it points to the need for an internationally recognized standard of English, rather than a regional, unusual and therefore marginalized form of the...

1. IMF -- 48 pts 3cols 3lines (3x15)

1. IMF -- 48 pts 3cols 3lines (3x15) IMF team to meet new government later this month 2. Export -- 36 pts 2cols 3lines (3x14) Exporters support new role of customs office 3. Viet -- 28 pts 4cols 2lines (2x24)Vietnam fights a new battle: Boosting tourism industry4.

Lippo to hold off-road race

Lippo to hold off-road race JAKARTA (JP): The Cheetah Off-Road Racing Association, a member of the Indonesia Off-Road Federation, is staging an event at the Lippo Cikarang Off-Road Racing Track on Aug. 11 and Aug. 12.

Police seize 2,900 bullet cases

Police seize 2,900 bullet cases YOGYAKARTA: Yogyakarta Police confirmed on Monday that it had seized six packages containing 2,900 U.S.-made empty bullet cases and projectiles last week at the city post office.Yogyakarta Police chief of detectives Sr. Com.

What is good and bad about one-man show leadership

What is good and bad about one-man show leadership YOGYAKARTA (JP): The ongoing leadership conflict within the National Awakening Party (PKB) has revived the old debate over why major political parties here tend to rely on charismatic leadership figures.

The good and bad points of one-man-show leadership

The good and bad points of one-man-show leadership YOGYAKARTA (JP): The ongoing leadership conflict within the National Awakening Party (PKB) has revived the old debate over why major political parties here tend to rely on charismatic leadership figures.

More than 76,000 pass state university entrance test

More than 76,000 pass state university entrance test JAKARTA (JP): For nearly half-a-million high school graduates, Monday was a day that would shape the rest of their lives.For the 76,273 lucky ones there was much-awaited relief, but for the rest it meant facing up to the reality that they would...

Economic downturn puts two million jobs at risk in Asia

Economic downturn puts two million jobs at risk in Asia SINGAPORE (AFP): More than two million workers can expect to be laid off in Asia this year, at least half of them in Japan, because of the economic downturn, according to a regional survey published Monday.

Vice President Hamzah Haz to visit Nias survivors

Vice President Hamzah Haz to visit Nias survivors MEDAN, North Sumatra (JP): Newly elected Vice President Hamzah Haz and his entourage, including caretaker Minister of Health and Social Welfare Achmad Sujudi and caretaker Minister of Settlement and Regional Infrastructure Erna Witoelar, are...

KEM expects lower losses in 2001

KEM expects lower losses in 2001 KELIAN, East Kalimantan (JP): Gold mining company PT Kelian Equatorial Mining (KEM) expects its financial losses to be lower at about US$5 million this year compared to $10 million in 2000.

Semper brawl kills one

Semper brawl kills one JAKARTA (JP): A mass brawl which allegedly involved Madurese and Betawi (native Jakartan) residents of Kampung Kandang, Semper subdistrict, Cilincing, has left one person dead, police said.

Prosecutor demands death sentence for JSX bombing suspect

Prosecutor demands death sentence for JSX bombing suspect JAKARTA (JP): An auto repair shop owner is facing a possible death sentence for allegedly masterminding last year's bombing of the Jakarta Stock Exchange (JSX) building, which killed 10 people and injured 46 others.

Telkom covers expenses of Ariawest telecom regions

Telkom covers expenses of Ariawest telecom regions JAKARTA (JP): State-owned telecommunications company PT Telkom said on Monday that it had paid out an extra Rp 8.1 billion (about US$852,631) for this month's salaries of its employees under the management of PT AriaWest International.

Localizing investment licensing

Localizing investment licensing Investment Coordinating Board (BKPM) chairman Theo F.Toemion took the right approach and demonstrated a thorough understanding of his mission when he asserted at a meeting with domestic and foreign businesspeople last week that he is working to turn the board from a...

UPC to hold 'agenda of the people'

UPC to hold 'agenda of the people' JAKARTA (JP): A non-governmental organization, the Urban Poor Consortium (UPC), plans to hold a series of activities from Aug. 8 to Aug. 16 to commemorate the 56th anniversary of Indonesia's independence, which falls on Aug. 17.

Rupiah Rates August. 6

Rupiah Rates August. 6 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,525.00 9,955.00 9.408.00 9,502.00Australian dollar 1 4,990.41 5,140.76 4,853.59 4,902.83Austrian schilling 1 610.04 637.15 601.46 608.16Belgian franc 1 208.09 217.34 205.16 207.

5 Malaysia's activists win first round of legal battle

5 Malaysia's activists win first round of legal battle KUALA LUMPUR (AFP): Five opposition activists won the first round of a legal battle against their detention without trial on Monday when Malaysia's top court agreed to admit new evidence in their appeal hearing.

UN justifies shooting soldier

UN justifies shooting soldier DILI, East Timor (AP): A UN investigating team has found that peacekeepers were justified in shooting dead an Indonesian soldier last month, an UN official said on Monday.The Indonesian soldier, a 21-year-old sergeant, was shot to death on July 28 in a clash with about...

Indonesia to call top shuttlers for SEA Games

Indonesia to call top shuttlers for SEA Games JAKARTA (JP): Indonesia is demanding yet more from its best badminton players in the Southeast Asian (SEA) Games next month, despite mounting advice that the roles be given to junior shuttlers.

Suwondo

Suwondo Suwondo sentenced to 3.5 years in jail over Bulog scandal. Page 2 JSX bombing Repair shop owner faces death penalty over JSX bombing. Page 3 Cronyism Will RI see a revival of cronyism? Page 5Golf Pernice stays cool to win second title.

Gus Dur's legacy

Gus Dur's legacyFrom Media IndonesiaRegardless of former President Abdurrahman "Gus Dur" Wahid's weaknesses, we believe that some of what he has done is positive and should even be lauded. Democratization is a good example in this respect.

Korea Gas Corp. to visit Arun gas field in August

Korea Gas Corp. to visit Arun gas field in August SEOUL (Dow Jones): State-run Korea Gas Corp., or Kogas, hopes to conduct a due-diligence on Arun gas field in Indonesia at the end of August to decide a date to restart liquefied natural gas import, a company official said Monday.

...Megawati's government must ask itself whether it wants to

...Megawati's government must ask itself whether it wants to hold out against Salim.

KEM expects lower losses in 2001

KEM expects lower losses in 2001 KELIAN, East Kalimantan (JP): Gold mining company PT Kelian Equatorial Mining (KEM) expects its financial losses to be lower at about US$5 million this year compared to $10 million in 2000.

Explanation of exit tax exemption

Explanation of exit tax exemption From Bisnis IndonesiaIn response to Ms Yenny Rosmiyani's letter published in this newspaper on July 25, 2001, allow us to give the following explanation:1. Article 2 sub-article (3) of Decision of the Director General of Taxation No. Kep. 37/PJ/2001 dated Jan.

Suwondo sentenced to 3.5 years in jail over Bulog scandal

Suwondo sentenced to 3.5 years in jail over Bulog scandal JAKARTA (JP): The North Jakarta District Court sentenced former president Abdurrahman Wahid's former masseur Muhammad Alip Agung Suwondo on Monday to three and a half years in jail for his role in the Rp 35 billion (US$3.

Ministers must be clean

Ministers must be cleanFrom Koran TempoThe election of Megawati Soekarnoputri as president and Hamzah Haz as vice president has been positively responded to by the markets, which has been shown by the strengthening of the rupiah against the U.S. dollar from Rp 11,000 to Rp 10,000.

Confusion marks President's first day at the palace

Confusion marks President's first day at the palace JAKARTA (JP): President Megawati Soekarnoputri's first day at the presidential palace was marked with confusion among journalists assigned to cover her day's activities.Megawati, who arrived at the palace at about 10 a.m.

'Reog' makers keeping an art alive

'Reog' makers keeping an art aliveBy Kartika Bagus C. PONOROGO, East Java (JP): Ponorogo, a small town in East Java, has always been linked to its traditional art form, reog. The mask-dance troupes have performed not only in Java, but also in Sumatra, Kalimantan and Irian Jaya, as well as in...

Volcanic activity threatens festival

Volcanic activity threatens festival BANDUNG: The Volcanology and Disaster Mitigation Directorate warned that the upcoming Krakatau Festival should not be held at Mount Anak Krakatau in the Sunda Straits as the area had been declared a danger zone, following volcanic activity recorded on July 15.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug 6, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,325 0 21,000 Adindo Foresta 100 -5 185,000 AGIS 135 0 30,000 Akbar Indo Makmur 1,600 0 0...

Tens of thousands may lose jobs in Batam

Tens of thousands may lose jobs in Batam JAKARTA (JP): Tens of thousands of workers on Batam island may eventually lose their jobs because of continuing low demand for products from the island.Incoming orders for products from the island, especially electronics, have decreased by up to 70 percent,...

Legislators' perquisites

Legislators' perquisitesFrom KompasI was baffled by the report on the salary and perquisites of our representatives published on June 26, 2001 in Kompas.Apart from receiving a basic salary of Rp 9.7 million, each member of the House of Representative (DPR)) also receives furniture, air...

Stores offer 'designer' shoes at affordable prices

Stores offer 'designer' shoes at affordable prices JAKARTA (JP): You like the designer shoes featured in a latest issue of a glossy fashion magazine, but you are not willing to spend millions of rupiah on them when there are more important things to buy.

Indofarma sees drop in profit

Indofarma sees drop in profit JAKARTA (JP): The consolidated net profit of publicly listed state-owned pharmaceutical company PT Indofarma fell by 44.38 percent to Rp 41.26 billion (US$4.5 million) in the first semester of this year from Rp 74.17 billion in the same period last year.

Five wanted for abduction

Five wanted for abduction JAKARTA(JP): The North Jakarta Police are seeking five men for their alleged roles in the kidnapping of Bill Dharmawan, brother of the owner of the country's largest retail chain, PT Matahari Putra Prima, an officer said on Monday.

Summit puts South in corner

Summit puts South in corner SEOUL (AFP): South Korean leader Kim Dae-jung was driven into corner on Monday by his political opponents after the leaders of North Korea and Russia called for a withdrawal of U.S. forces from the Korean peninsula.

1. Duit (2x 25)

1. Duit (2x 25) Asian currencies maintain strength on domestic factors 2. Market 1x35Asian share markets look for direction 3. Gold (1 x 35) Europe gold stays in range, PGMs vulnerable 3. Telkom (2 x 22) Telkom covers expenses of AriaWest telecom regions

RP rebels say peace talks need more time

RP rebels say peace talks need more time CYBERJAYA, Malaysia (Reuters): Philippine government and Moro rebels said unresolved issues prevented them from signing a ceasefire in Malaysia as planned on Monday, the eve of a visit by Philippines President Gloria Macapagal Arroyo.

SIA bid for Air India stake rejected

SIA bid for Air India stake rejected NEW DELHI (Reuters): India has rejected a call from Singapore Airlines (SIA) that it be allowed to bid for a higher 49 percent stake in state-run Air India, newspaper reports said on Monday.

Wiranto ready for E. Timor tribunal

Wiranto ready for E. Timor tribunal JAKARTA (JP): Former Indonesian Military (TNI) chief Gen. (ret) Wiranto said that he was ready to accept punishment should he be proven guilty of involvement in human rights abuses around the time of the self-determination ballot in East Timor in 1999.

Wiranto ready to face music over East Timor mayhem

Wiranto ready to face music over East Timor mayhem JAKARTA (JP): Former Indonesian Military (TNI) chief Gen. (ret) Wiranto said that he was ready to accept punishment should he be proven guilty of involvement in human rights abuses around the time of the self-determination ballot in East Timor in...

Tommy a suspect in judge's murder

Tommy a suspect in judge's murder JAKARTA (JP): City police chief Ins. Gen. Sofjan Yacob declared on Monday night that former president Soeharto's fugitive son, Hutomo "Tommy" Mandala Putra, was the main suspect in the murder of Supreme Court Justice M. Syafiuddin Kartasasmita.

Eight motorbikes returned to DLLAJ in poor condition

Eight motorbikes returned to DLLAJ in poor condition JAKARTA (JP): Head of the City Traffic and Land Transportation Agency (DLLAJ) Rustam Effendy said on Monday that eight of 11 Harley Davidson motorbikes privately used by former and current officials, have been returned but most of them are in...

Amien sets terms for PKB return to Assembly

Amien sets terms for PKB return to Assembly JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais said on Monday that the National Awakening Party (PKB) would have to withdraw their support from former president Abdurrahman Wahid before it could return to the Assembly.

IMF team to meet new government later this month

IMF team to meet new government later this month JAKARTA (JP): A team from the International Monetary Fund (IMF) is slated to meet Indonesia's new government later this month to discuss the country's progress in meeting economic reform targets, a senior government official said on Monday.

Late paper

Late paper Due to technical problems, The Jakarta Post arrived late to subscribers in most parts of Java, Bali, Lombok, Sumbawa, Batam, Riau and Balikpapan in East Kalimantan on Monday. We apologize for any inconvenience caused. -- Publisher

Children's pictures show contrasting lives

Children's pictures show contrasting livesBy Ida Indawati Khouw JAKARTA (JP): Twelve-year-old Jubaedah and Emma, who is nine years of age, are just ordinary children in the world. They both have dreams of what they want to be when they grow up.

Gymnasts sent abroad prior to SEA Games

Gymnasts sent abroad prior to SEA Games JAKARTA (JP): The Indonesian Gymnastics Association (Persani) has sent three of its gymnasts to take part in several competitions abroad in their build-up to the Kuala Lumpur 2001 Southeast Asian (SEA) Games.

Indonesian postal rates

Indonesian postal rates I have to bring to your attention the exorbitant Indonesian postal rates. Over the last four years of economic turmoil in Indonesia, the postal rates have been going up and such hikes are quite understandable, but this time the new rates have crossed all limits.

Reform and restoration

Reform and restoration The state of dualism in the National Police leadership has ended. President Megawati Sukarnoputri -- though still unable to come up with a new cabinet -- issued a decree restoring Gen. Suroyo Bimantoro as chief of the National Police.

Hope for millions

Hope for millions After years of denying the problem existed, the central government faces a daunting task in trying to bring HIV and Aids under control. But, commendably, a start has been made, giving a glimmer of hope to the uncounted millions of mainland victims.

Neighbors foil suicide attempt

Neighbors foil suicide attempt BOGOR (JP): A teenage girl attempted to commit self-immolation in an empty building in Bogor on Monday morning, apparently due to long-standing depression and perceived lack of attention from her family.