Indonesian Political, Business & Finance News

Archive: 12 September 2001

Showing 1-50 of 75 articles

Malaysia on a roll in the SEAG bowling lane

Malaysia on a roll in the SEAG bowling lane KUALA LUMPUR (AFP): Malaysia was on a roll in the bowling lanes Tuesday as stars Ben Heng and Alex Liew downed their Singaporean rivals to win the men's doubles gold at the 21st Southeast Asian Games. The Malaysian pair smashed 2,597 pins to humble Singaporeans Remy Ong and Sam Goh who took the silver with 2,581 pinfalls. Gerald Samuel and Zulmazran Zulkifli also of the hosts settled for the bronze with 2,568.

Parties ready for direct presidential election in 2004

Parties ready for direct presidential election in 2004 JAKARTA (JP): Despite ongoing discussions to amend the 1945 Constitution, political parties expressed on Tuesday their readiness to contend a direct presidential election in 2004. The Golkar Party challenged other political parties to make the necessary changes to the Constitution to let the people elect their national leader in 2004 as well as to improve the quality of democracy in the country in the future.

Aging population: Prosperity or disaster?

Aging population: Prosperity or disaster? By Rita A. Widiadana KUTA, Bali (JP): What would happen if the Indonesian population were dominated by senior citizens? According to a noted medical professor, it could be a sign either of prosperity or human disaster. University of Indonesia professor of urology Djoko Rahardjo has said that Indonesia and other countries in Southeast Asia are currently facing serious problems in dealing with the rocketing numbers of their graying population.

New decree on IBRA submitted

New decree on IBRA submitted JAKARTA (JP): State Secretary/Cabinet Secretary Bambang Kesowo said on Tuesday that his office had submitted a proposal to President Megawati Soekarnoputri on a new decree to provide a legal foundation for the Indonesian Bank Restructuring Agency (IBRA). "Yes, the proposal has been submitted to the President," Bambang said, but he declined to elaborate.

Motorcycle theft gang nabbed

Motorcycle theft gang nabbed TANGERANG (JP): Four members of a motorcycle theft ring were arrested following a tip from another gang member who was in police custody. Tangerang police detectives chief Chandra Sukma Kumara said the two were arrested at a house in the Sentul subdistrict of Balaraja on Sunday, based on information from Samsul, who had been detained a day earlier.

CPO prices to plummet in September-October period

CPO prices to plummet in September-October period JAKARTA (JP): The price of crude palm oil (CPO) on the international market is expected to dive further from now until October, mainly due to lower demand from India, the world's largest palm oil importer, an executive of the Association of Indonesian Palm Oil Exporters (GAPKI) said on Tuesday.

President

President Parties ready for direct presidential election in 2004. Page 2 Bus Governor considers Slovakian buses for Jakarta. Page 3 Malaysia Malaysia Inc. turns over a new leaf. Page 4 Population The aging population: Prosperity or disaster? Page 9 Palm oil CPO prices to drop until October: GAPKI chief Page 11 Investment list Govt to shorten negative investment list. Page 12

Kalijati developed for combat planes

Kalijati developed for combat planes SUBANG, West Java (JP): The Indonesian National Air Force (TNI-AU) will develop Kalijati Air Base in Subang, West Java to become the home-base for combat planes, an official said. The development of the air base is aimed at supporting Jakarta's defense system, the chief of staff of TNI-AU, Air Marshal Hanafie Asnan said on Saturday during a ceremony marking the changing of the name of the air base to Suryadi Suryadarma Air Base.

Indonesian athletes target four gold on first day

Indonesian athletes target four gold on first day JAKARTA (JP): Indonesia is targeting four gold medals on the opening day of track and field competition on Wednesday, while Thailand and Malaysia, both renowned for their strength in athletics, look set to begin a fierce rivalry.

Japan's mad cow scare rings alarm bells for Asia

Japan's mad cow scare rings alarm bells for Asia SINGAPORE (Agencies): A suspected case of mad cow disease in Japan will make Asian countries, already on high alert for foot- and-mouth disease, even more cautious about meat imports and feed supplies, livestock industry sources said on Tuesday.

House to start budget debate

House to start budget debate JAKARTA (JP): The House of Representatives will begin debating the government-proposed 2002 state budget Wednesday and expects to finish the process before the House goes into recess on Oct. 24, a legislator said. "The state budget is expected to be passed into law at the House's plenary session on Oct. 24," Abdullah Zainie of the Golkar faction told The Jakarta Post on Tuesday.

Mahathir warns of global trade risks

Mahathir warns of global trade risks SINGAPORE (Reuters): Malaysia's Prime Minister Mahathir Mohamad, in his familiar stance as a defender of developing countries, warned South East Asian nations on Monday to look after themselves first before backing trade globalisation.

Citibank, LippoBank tie up

Citibank, LippoBank tie up JAKARTA (JP): Citibank and LippoBank signed on Tuesday a memorandum of understanding aimed at delivering a stronger customer credit card service for customers of both banks. Under the deal, Citibank credit cardholders who have an account at LippoBank are able to pay their Citibank credit card bills through Lippo ATMs. Lippobank operates 400 ATMs and has 2.7 million customers.

Indonesia keeps pressure on Malaysia

Indonesia keeps pressure on Malaysia By Novan Iman Santosa JAKARTA (JP): Indonesia maintained pressure on host Malaysia on the fourth day of Southeast Asian (SEA) Games competition on Tuesday, winning 11 gold medals to marginally reduce the gap in the medal standings. The national team emerged victorious in a variety of competitions, with the cycling team bagging four golds to cement its domination over regional peers.

Forest law enforcement conference opens in Bali

Forest law enforcement conference opens in Bali DENPASAR, Bali (JP): A three-day East Asia Regional Ministerial Conference on Forest Law Enforcement and Governance (FLEG) was officially opened here on Tuesday by Director General for Forest Protection and Nature Conservation Wahjudi Wardojo. The first day's session, which was closed to the media, was also attended by Tom Walton of the World Bank.

District court turns down lawsuit against Bimantoro

District court turns down lawsuit against Bimantoro JAKARTA (JP): The South Jakarta District Court has dismissed lawsuits filed by eight middle-ranking police officers against National Police chief Gen. Surojo Bimantoro, saying that the case was the jurisdiction of the military court.

Padang food makes transition to five-star setting

Padang food makes transition to five-star setting JAKARTA (JP): Padang delicacies are this country's fast food. It's said so often that it has become a comfortable cliche, like saying Indonesia is the land of smiles. Of course, it's not cooked to order, like the offerings at the golden arches and the smiling colonel, but sits there on its stack of gingerly balanced plates in the window for the good part of the day and night for all-comers when the hunger pangs hit.

1. Bus - 48 MM, 3 cols, 3 lines, 3x 15

1. Bus - 48 MM, 3 cols, 3 lines, 3x 15 Governor considers Slovakian buses for Jakarta 2. Obat - 28 HBC, 3 cols, 2 lines, 2x24 Police target Senen, Pramuka markets for fake drug raids 3. Bogor - 26 HBC, 2 col, 2 lines, 2x27 S. Jakarta District Court turns down officers' suit against Bimantoro 4. BUMD - 36 HBC, 2 cols, 3 lines, 3x14 Nepotism rife in city-owned companies 5. BUN: 28 MM, 1x24 Mega's no-show upsets locals 6. Endin : 36 NCSB, 2x20 Man sentenced to 3 months in jail for defamation

Indonesia deplores plane attacks on U.S.

Indonesia deplores plane attacks on U.S. JAKARTA (JP): Minister of Foreign Affairs Hassan Wirayuda describes the World Trade Center bombing in Manhattan, New York and the Pentagon in Washington D.C. as a "brutal" and "inhuman" act. "I really deplore the bombing. I called U.S. Secretary of State Colin Powell (by phone) in the States but in such a situation they must be consolidating their operations," Hassan told Antara news agency here on Tuesday.

CPO prices to drop until October, says GAPKI chief

CPO prices to drop until October, says GAPKI chief JAKARTA (JP): The price of crude palm oil (CPO) on the international market is expected to dive further from now until October, mainly due to lower demand from India, the world's largest palm oil importer, an executive of the Association of Indonesian Palm Oil Exporters (GAPKI) said on Tuesday.

Activists tell wealth audit body to get tough

Activists tell wealth audit body to get tough JAKARTA (JP): Activists intensified their demands on Tuesday for the Public Servant's Wealth Audit Commission (KPKPN) to investigate the origin of retired and serving state officials suspect wealth. Many respondents have suspiciously registered part of their huge fortune with KPKPN as "grants" without naming the source and/or specifying if they accepted it while they served in office or after they retired.

JP/4 /MALAYSIA

JP/4 /MALAYSIA Malaysia Inc.is turning over a new leaf By Vikram Khanna SINGAPORE: While it is likely to narrowly escape recession this year, its growth will be slow -- maybe 1.5 per cent, at best. Industrial production and exports will both decline in absolute terms. Unemployment will almost certainly rise from last year's levels, and foreign direct investment will fall. Yet, this country's stock market has been roaring lately, having risen by around 25 per cent since May.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 11, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,475 0 10,500 Adindo Foresta 95 -5 70,000 AGIS 130 -5 239,500 Akbar Indo Makmur 700 0 938,000 Alakasa 210 0 0 Alfa Retailindo 900 0 40,500 Alter Abadi 80 0 15,000 Alumindo Light 650 0 0 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 210 0 0 Aneka Tambang 1,025 0 226,000 Apac Citra 325 5 74,500 Aqua...

Fair competition for textbooks vital

Fair competition for textbooks vital JAKARTA (JP): The Indonesian Book Publishers Association (IKAPI) called on the government on Tuesday to deregulate the business of publishing mandatory school textbooks in order to invigorate the industry. IKAPI chairman Arselan Harahap told reporters that by promoting open and fair competition, many publishing houses, including those in the region, would have a better chance of surviving the tough economic times.

Vietnam, RI split team karate finals

Vietnam, RI split team karate finals KAJANG, Malaysia (Agencies): Vietnam grabbed three gold medals in karate Tuesday at the Southeast Asian Games, but host Malaysia won a final gold to come away with a total of nine and utterly dominate the sport. Indonesia and Vietnam came away with four golds each and contested both the men's and women's team finals Tuesday.

JAKARTA (JP): The closure of Jl. Agus Salim in anticipation of

JAKARTA (JP): The closure of Jl. Agus Salim in anticipation of an appearance by President Megawati Soekarnoputri, has left many people disappointed. President Megawati, scheduled to arrive on Tuesday, failed to make an appearance. Hanafi, a security officer at the Gondangdia subdistrict office, said that President Megawati was to officially open a clinic which conducted free circumcisions in a building across from Theresia Church. Also, Jl.

A bit more Betawi bite needed at Warung Si Doel

A bit more Betawi bite needed at Warung Si Doel BANDUNG (JP): The sinetron (TV drama series) success, Si Doel Anak Sekolahan (Doel, The Graduate) has encouraged producer, director and actor Rano Karno to use the character's name to start his restaurant. It has turned out that the name "Si Doel" has brought good luck to his Betawi traditional eatery business. In July, he decided to open the latest branch of Warung Si Doel on Jl. Purnawarman in Bandung, one of the most crowded streets in the city.

Jakarta Chapter faces mounting rejection

Jakarta Chapter faces mounting rejection JAKARTA (JP): A proposal to include the Jakarta Chapter in the 1945 Constitution faces mounting rejection from both a noted political observer and members of the provincial legislative council in North Sulawesi and North Sumatra. Political observer Mochtar Pabottingi said on Tuesday the proposal to include the chapter in the Constitution was an effort to bring the nation into ideological conflict. "It's unnecessary.

Govt to shorten negative investment list

Govt to shorten negative investment list JAKARTA (JP): The government is planning to shorten the country's negative investment list as part of a new investment policy initiative to secure a US$600 million loan from the Asian Development Bank (ADB), according to Chairman of the Investment Coordinating Board (BKPM) Theo F. Toemion.

Mixed reactions greet IMF's loan disbursement

Mixed reactions greet IMF's loan disbursement JAKARTA (JP): Economists presented mixed reactions on Tuesday to the International Monetary Fund (IMF)'s decision to release a US$400 million loan tranche to the country.

Today's program

Today's program Athletics Taman Titiwangsa: men's 20km walk, 7 am National Stadium: women's hammer throw, 9 am; men's decathlon, 9.30 am; men's pole vault, 5 pm; women's long jump, 6 pm; men's 3,000m steeplechase, 7 pm, men's 400m, heat, 7.40 pm, men's shot putt, 7.50 pm, women's 100m, 8 pm, men's 100m, 8.20 pm; women's 10,000m, 8.40pm Swimming National Aquatics Complex, Bukit Jalil, 6 pm: men's's 50m freestyle, women's 200m breaststroke, men's 200m breaststroke, women's 200m freestyle, men's...

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Environment 9:30 Sea Games (live) 11:00 Regional News 11:30 Music 12:00 p.m. News 1:00 Talk Show 2:00 News 2:30 Debating 3:30 Sea Games (live) 6:00 News 7:00 Talk Show 8:00 Quiz 9:00 Talk Show 10:00 Sea Games Journal 10:30 Music 11:00 Comedy Program 2 5:30 p.m. Music 6:30 City News 7:30 News (in English) 8:30 Features TPI 5:30 a.m. Religious Teachings 6:00 News 7:00 Music 7:30 Entertainment News 8:00 Music 9:00 Indian Film 12:00 p.m.

Asia's first mad-cow scare jolts Japan

Asia's first mad-cow scare jolts Japan TOKYO (Agencies): Japan woke up on Tuesday to news it could be facing an outbreak of mad cow disease only months after the government played down warnings that the nation's cattle were at risk. Ministry officials said chances of a serious outbreak in Japan were low after news that a five-year old cow had tested positive in Asia's first reported case of the brain-wasting disease also known as bovine spongiform encephalopathy (BSE).

Reducing traffic jams

Reducing traffic jams From Koran Tempo The number of vehicles in Jakarta keeps increasing everyday resulting in more traffic jams in the capital city. To reduce traffic jams, the city administration has implemented the 3-in-1 system, which allows only cars with three or more passengers (including the driver) to pass along certain main streets in the capital city during peak hours. But this system is not of much help in reducing traffic congestion.

Rupiah Rates Sept.11

Rupiah Rates Sept.11 JP/11/Conversion Rupiah Rates Sept.11 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

PLN ordered to operate idle Dieng power plant

PLN ordered to operate idle Dieng power plant JAKARTA (JP): The government has instructed state-owned electricity company PLN to operate the idle Dieng geothermal power plant in Central Java in order to obtain cash for the repayment of a US$260 million claim made by the U.S. insurance firm, Overseas Private Investment Corp (OPIC), a minister said on Tuesday.

GM to pay Daewoo US$1.1b

GM to pay Daewoo US$1.1b SEOUL (AFP): General Motors Corp. (GM) has agreed in principle to pay some 1.US$1 billion to take over the ailing Daewoo Motor Co., a newspaper report said Tuesday. The Maeil Business Newspaper quoted an unidentified senior government official as saying that GM and creditors of Daewoo Motor would sign a memorandum of understanding to that effect next week.

Where to go in Surabaya:

Where to go in Surabaya: Exhibition * Anne Frank, Sejarah Untuk Hari Ini (History for Today), CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5615246), until Sept. 14. Performance * Jazz Concert by Trio Braam, CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5615246), 7 p.m., Sept. 22. 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.

JAKARTA (JP): The Central Jakarta District Court decided on

JAKARTA (JP): The Central Jakarta District Court decided on Tuesday to continue the trial of tycoon Kaharudin Ongko and banker Leonard Tanubrata of the now defunct Bank Umum Nasional on corruption charges. The two were accused of misappropriating more than Rp 5 trillion (US$556 million) of Bank Indonesia liquidity support funds to finance their affiliated businesses.

UN official at SEAG to muster support for E. Timor's athletes

UN official at SEAG to muster support for E. Timor's athletes KUALA LUMPUR (AP): A UN official is at the Southeast Asia Games soliciting support for East Timor's bid to become a member of the International Olympic Committee from the fledgling nation's closest neighbors. Frank Fowlie, the United Nation's sports officer in East Timor, said the Olympic spirit among athletes in the UN protectorate is high, but there is no money for sports development.

Nepotism rife in city-owned companies

Nepotism rife in city-owned companies JAKARTA (JP): The central government's pledge to fight the practice of nepotism seems to be ineffective as some officials of the city administration and the City Council have reportedly placed their children and close relatives in some city-owned companies. Reliable sources said on Tuesday that some people were believed to have passed the selection of new employees of the companies in July this year because of their parents' influential power.

New vote of confidence

New vote of confidence The International Monetary Fund (IMF) decided on Monday to resume its program in Indonesia, which was put on hold last December due to the government's failure to implement the reform measures promised in September 2000. The move will soon release the third tranche (about US$400 million) of the IMF's $5 billion extended facility to strengthen the country's international reserve.

IMF approves disbursement of $395m loan tranche to Indonesia

IMF approves disbursement of $395m loan tranche to Indonesia JAKARTA (JP): The International Monetary Fund (IMF) approved early on Tuesday Indonesia's new Letter of Intent (LoI), clearing the way for disbursement of a US$395 million loan tranche to the country. The IMF's approval of the LoI is expected to enable the cash- strapped country to obtain a vital debt rescheduling facility from the Paris Club of creditor nations.

Government to shorten negative investment list

Government to shorten negative investment list JAKARTA (JP): The government is planning to shorten the country's negative investment list as part of a new investment policy initiative to secure a US$600 million loan from the Asian Development Bank (ADB), according to Chairman of the Investment Coordinating Board (BKPM) Theo F. Toemion.

'Indonesian' style in English usage

'Indonesian' style in English usage It is interesting to note that the letters column of The Jakarta Post of Sept. 7, 2001 carried opinions from two readers commenting, respectively, on Indian English and Australian English. If the name of the country relative to the English language can identify the distinctive nomenclature corresponding to the particular native style of the English used, as in the above two examples, then, by the same token, mention of "Indonesian" English may be in order.

Thief posing as guest

Thief posing as guest From Pikiran Rakyat On Aug. 29, 2001, a stranger visited my house to meet my son. The man claimed to live around Jl. Kebon Jati, Bandung and studied at the school of electrical engineering in Maranatha University. He said that he graduated from Santo Aloysius High School. The stranger was about 1.7 meters tall, rather big and had slanting eyes and brown skin. He claimed to be called Martin with the cellular phone number 08122368154.

Modest Muslim clothes

Modest Muslim clothes From Pikiran Rakyat Some women earning a living professionally as actresses and commercial stars have frequently been seen on television, wearing fashionable and sexy clothes. It might be a demand of their job that these celebrities should look charming, even though they have to reveal their body shape, an act incompatible with religious teachings and the prevailing ethics and norms of society.

Court rules in favor of refugees

Court rules in favor of refugees SYDNEY, Australia (AP): A federal court judge ruled on Tuesday that the government illegally detained hundreds of foreign refugees who were caught trying to sneak into the country aboard an Indonesia ferry and said they must be allowed to land on Australian soil. The government said it would appeal the ruling.

Ticket scalpers

Ticket scalpers at Gambir station From Media Indonesia On Aug. 31, 2001 at around 6 p.m. seeing the long queue outside the ticket booth for business and executive class trains plying the Jakarta - Bandung route, I switched to the queue for tickets at the Argo Gede (luxury express) train booth for the same route. The announcement at the ticket booth indicated that 148 seats were available for the last departure at 8:30 p.m.

Indonesia takes women's team tennis gold

Indonesia takes women's team tennis gold KUALA LUMPUR (Agencies): Indonesia's women's tennis team wasted no time in downing hosts Malaysia to take the gold medal at the 21st Southeast Asian (SEA) Games here on Tuesday. Wimbledon junior champion Angelique Wijaya did not play in the singles competition, but the Indonesians proved that they remained too strong for the Malaysians, winning all three matches at the Jalan Duta Tennis Complex.