Indonesian Political, Business & Finance News

Archive: 13 September 2001

Showing 51-84 of 84 articles

IBRA offers 25 percent debt haircut facility for SMEs

IBRA offers 25 percent debt haircut facility for SMEs JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) is offering 41,691 small and medium enterprises (SMEs) a 25 percent reduction on their debt principals provided they pay their debt in cash. Under the so-called "fourth special crash program", the 41,691 companies were also freed from the obligation of paying arrears of interest and fines, head of IBRA's communication division Suryo Susilo.

Asian currencies up late as U.S. attacks bruise dollar

Asian currencies up late as U.S. attacks bruise dollar SINGAPORE (Dow Jones): Asian currencies received a boost late Wednesday, after Tuesday's terrorist attacks in the U.S. sent the dollar reeling in global foreign exchange markets and threatened to smash the already fragile confidence in the U.S. economy. But trading was extremely thin as shell-shocked participants largely stayed on the sidelines, dealers said.

Today's program

Today's program Athletics Titiwangsa Lake: women's 20km walk 7am National Stadium, Bukit Jalil: decathlon, 9.30am; women's javelin throw, 6pm; women's high jump, 6pm; men's long jump, 6pm; men's 110m hurdles 6.10pm; women's 100m hurdles, 6.30pm; women's 400m, 6.50pm; men's 400m, 7.05pm; men's 10,000m, 7.20pm, men's 800m heat, 8.20pm; women's 5,000m, 8.40pm Swimming National Aquatics Complex, Bukit Jalil, 6 pm: women's 50M freestyle, men's 200M Freestyle, women's 200M butterfly, men's 200M...

Need to link commitments on forestry

Need to link commitments on forestry By Hariadi Kartodihardjo BOGOR (JP): Since the International Monetary Fund and the World Bank included forest policy reform in the Letter of Intent in 1998, and since the Consultative Group for Indonesia (CGI) used the issue as a condition for debt relief, international institutions have continued efforts to improve forestry performance. The international conference on "Forestry Law Enforcement and Governance" from Sept.

Police arrests

Police arrests hypnotist TANGERANG (JP): Police managed to arrest on Tuesday another suspect of a crime involving hypnotism in Curug subdistrict, eastern Tangerang. Tangerang Police detective chief Insp. Chandra Sukma Kumara said police arrested Ely Epriyani, 34, after an officer purporting to be her accomplice Antoni, alias Anton, contacted her using a cellular phone she had stolen from Rini, 32.

JP/4/other6

JP/4/other6 Abduction, again Once again, we have to face the bitter fact that abduction is still on the rise, the latest case being the kidnapping of four ulemas and an official of the transportation office. This incident followed their meeting with President Megawati Soekarnoputri in Banda Aceh. All the hostages have been released, but this has not eased public anxiety.

U.S. warned against blaming Islamic groups for attacks

U.S. warned against blaming Islamic groups for attacks JAKARTA (JP): The U.S. government, still devastated by Tuesday's terrorist attacks, is cautioned against pointing the finger at militant Islamic Middle East groups until it has substantial evidence. Local observers said that the American habit of attributing terrorism to particular religious or ethnic groups was dangerous because it unfairly stigmatized Islam and the Middle East.

Asia hits telephone lines, Internet after attacks in U.S.

Asia hits telephone lines, Internet after attacks in U.S. SINGAPORE (Reuters): Asians flooded phone lines to the United States to try to get in touch with relatives after a series of devastating terror attacks and millions of people flocked to Internet news sites to track the dramatic events.

Why no autopsy?

Why no autopsy? Wiyono, 61, a retired army officer who had been detained since Aug. 10 for illegal possession of firearms that allegedly belonged to Hutomo "Tommy" Mandala Putra, died on Aug. 28 on the way from the city police detention center in Central Jakarta to Kramat Jati Police hospital in East Jakarta. City police medical division head Sr. Comr. Edy Suparwoko said that, based on an examination, the late Wiyono died of a heart attack, while city police spokesman Sr. Comr.

House factions support govt fuel subsidy cut

House factions support govt fuel subsidy cut JAKARTA (JP): Major factions at the House of Representatives supported the government's plan to further reduce the fuel subsidy next year, saying it would help ease pressure on the 2002 state budget and reduce the risk of smuggling fuel abroad.

Cyber law to be finalized in 2004

Cyber law to be finalized in 2004 JAKARTA (JP): The government expects to complete drafting the country's law on cyber crime in 2004, according to State Minister of Communications and Information Syamsul Mu'arif. Syamsul said on Wednesday that drafting of the law needed a considerable amount of time, mainly because of the lack of information technology (IT) expertise in the country.

Mega condemns attacks on U.S.

Mega condemns attacks on U.S. JAKARTA (JP): President Megawati Soekarnoputri condemned on Wednesday the "barbaric and indiscriminate" terrorist attacks on the United States, underlining the need for international cooperation to fight terrorism. In a message to President George W. Bush, Megawati expressed her deepest condolences and sympathy to the government and the people of the United States.

Indonesia, Vietnam share glory in cycling

Indonesia, Vietnam share glory in cycling SEREMBAN, Malaysia (Agencies): Indonesia and Vietnam shared the glory in the road race individual time trial cycling competition at the 21st Southeast Asian Games, winning the men's and women's gold medal respectively here on Wednesday. Tonton Susanto delivered Indonesia's gold when he won the men's 45km ITT, pushing Vietnamese Mai Cong Hi Eu and Filipino Victor Espiritu into second and third spots respectively.

SEA Games results

SEA Games results Tennis Men's team 1. Indonesia 2. Thailand 3. Philippines and Myanmar Rowing Men's lightweight double scull 1. Jamaluddin/Muhammad Anwar (Ina) 6:41.06 2. Piyadanai Pantangthai/Poi Ruthtanaphol (Tha) 6:41.43 3. Maerina Edgardo Macabitas/Rodriguez Jose Turingan (Phi) 6:49.89 Men's coxless four 1. Indonesia 6:16.54 secs 2. Philippines 6:17.06 3. Myanmar 6:27.21 Women's coxless pair 1. Rita/Susilowati (Ina) 7:44.80 secs. 2. San San Win/Yin Min Htay (Mya) 7:51.89. 3.

World models to gather on the paradise island

World models to gather on the paradise island By Rita A. Widiadana NUSA DUA, Bali (JP): Traveling to glittering cities, wearing glamorous designer clothes or earning fame and wealth is not just a dream if you're a top model. The road to fame will be wide open for Indonesian girls if they are selected in the upcoming world final of the International Metropolitan Modeling Contest to be held in Nusa Dua, Bali, in December.

Content of the Investment Policy Reform Initiative:

Content of the Investment Policy Reform Initiative: 1. Preparing a National Investment Law to replace existing laws. 2. Shortening the negative investment list. 3. Simplifying procedures in establishing a company. 4. Further reducing and simplifying taxes and duties through ongoing tax and trade policy reform programs. 5. Availability of foreign exchange for imports, and commitment to ease repatriation of capital. 6. Introduce a system giving foreign investors access to local financing. 7.

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.

b]Gymnastics

b]Gymnastics Pommel horse 1. Jonathan Sianturi (Ina) 8.850 2. Onn Kwang Tung (Mas) 8.800 3. Truong Minh Sang (Vie) 8.750

Rupiah Rates Sept.12

Rupiah Rates Sept.12 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Regent election

Regent election may be repeated SURABAYA: East Java Governor Imam Utomo has entrusted the prolonged dispute over the election of the Sampang regent in Madura to the local legislative council, who will decide whether or not to hold the elections again. Imam said on Tuesday that the minister of home affairs had the authority to settle the debate over the validity of regent-elect Fadhilah Budiono. "If the local legislative council plans to repeat the election process, just go ahead.

Judge tried on bribery charges

Judge tried on bribery charges JAKARTA (JP): A high court judge appeared in the Central Jakarta District Court on Wednesday charged with accepting Rp 550 million in bribes. Prosecutor Agus Sutoto said in the indictment that Fauzoluto Zendrato, a judge at the Jakarta High Court, accepted bribes in 1999 from PT Surabaya Industry Estate Rungkut (PT SIER) in order to win two cases against them being handled by the Supreme Court.

Rupiah Rates Sept.12

Rupiah Rates Sept.12 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Indonesian among passengers on board doomed airliner

Indonesian among passengers on board doomed airliner JAKARTA (JP): Indonesian citizen Eric Samadikun Hartono, 20, was among the passengers on board American Airlines Flight 11, which crashed into one of the twin 110-story towers of the World Trade Center (WTC) in New York on Tuesday. "I have received a report from our embassy in Washington that an Indonesian passenger was among the casualties.

IBRA offers 25% debt haircut for SMEs

IBRA offers 25% debt haircut for SMEs JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) is offering 41,691 small and medium enterprises (SMEs) a 25 percent reduction on their debt principals provided they pay their debt in cash. Under the so-called "fourth special crash program", the 41,691 companies will also be freed from the obligation of paying arrears of interest and fines, head of IBRA's communication division Suryo Susilo said.

Hendrawan pulls out of individual badminton event

Hendrawan pulls out of individual badminton event KUALA LUMPUR (Agencies): Indonesia's hopes of winning the men's singles crown at the 21st Southeast Asian Games has dwindled with the exit of Hendrawan, who complained of a leg injury on Wednesday. National singles coach Agus Dwi Santoso said Hendrawan pulled a muscle on his right leg following his match against Malaysian number one Roslin Hashim in the men's team final on Tuesday.

BoJ injects emergency funds

BoJ injects emergency funds TOKYO (AFP): The Bank of Japan (BoJ) said Wednesday it had raised liquidity levels in the financial system by around two trillion yen (US$16.67 billion) to ensure stability after the horrific terrorist attacks in the U.S.. But State Minister for Economic and Fiscal Policy Heizo Takenaka said there was no need for the central bank to make a radical policy shift in response to the devastating strikes on New York and Washington the previous day.

Assembly likely to approve direct presidential election

Assembly likely to approve direct presidential election JAKARTA (JP): The highest law-making body is set to amend two key legislations in the near future. Five major factions of the People's Consultative Assembly (MPR) on Wednesday threw their weight behind the proposed district system for the general election and direct presidential election. This is a major shift from the current proportional system and indirect presidential election in which the president is elected by the Assembly.

Building demolished

Building demolished JAKARTA (JP): Private company PT City Neon Prima Mandiri itself demolished on Tuesday its exhibition building in the eastern parking lot of the Bung Karno sport complex in Central Jakarta after being threatened that the structure would be forcibly demolished. Witnessed by some officials from the Central Jakarta Mayoralty, the company's employees tore down the building.

City gets new Brimob chief

City gets new Brimob chief JAKARTA (JP): City police chief Insp. Gen. Sofjan Yacoeb installed Sr. Comr. Beno Gelapang on Tuesday as the Jakarta Police's Mobile Brigade (Brimob) chief, replacing Sr. Comr. Bambang Krishermanto. Jakarta Police spokesman Sr. Comr. Anton Bachrul Alam said the change was made due to a need to refresh Brimob's structure internally.

Humor abounds in 'Bondres Masks' dance

Humor abounds in 'Bondres Masks' dance By Yusuf Susilo Hartono JAKARTA (JP): The Balinese traditional mask dance is far from extinction, on the contrary, it is very much alive and on the rise. Despite the onslaught of popular art through various channels of culture, especially via communications and audio-visual media, the Balinese people are still able to preserve and even further develop one of their own cultural properties: the hundreds-of years-old mask dance.

House okays BCA sale plan

House okays BCA sale plan JAKARTA (JP): The House of Representatives approved late on Wednesday a plan to sell a 51 percent stake in Bank Central Asia (BCA) this year to strategic investors. The House ruled that the divestment program was to be implemented in two stages: A 30 percent stake is to be sold first, followed by a 21 percent stake in the second round.

Police officer jailed for beating

Police officer jailed for beating JAKARTA (JP): A police officer was sentenced to three years in jail and dismissed from the National Police on Tuesday afternoon for beating a student, which resulted in his death, in Bekasi, West Java, two years ago. The Military Court found Second Adj.Insp. Makmur Sinuaji, a police officer with the Pekayon subdistrict police in Bekasi, guilty of fatally injuring Nasarudin, 19, who was accused of stealing a laborer's tool.

Medal tally

Medal tally Country Gold Silver Bronze Total Malaysia 56 41 43 140 Thailand 41 32 40 113 Indonesia 37 33 38 108 Vietnam 20 20 28 68 Philippines 15 35 33 73 Singapore 10 13 24 47 MyanmaR 7 11 22 40 Brunei 0 0 3 3 Cambodia 0 0 2 2 Laos 0 0 2 2

On Chinese heritage

On Chinese heritage Being an avid reader of your in-depth study of our heritage, particularly of those aspects relating the customs and cultural life of the local-born Chinese of the olden days, I for one think that I am duty bound to make some corrections to your last article titled Chinese-language program now aired on TV (The Jakarta Post, Aug. 31, 2001). The overly used "Mandarin" is in fact a misnomer.