Indonesian Political, Business & Finance News

Archive: 15 September 2001

Showing 1-50 of 86 articles

Oil price rises on concerns of U.S. retaliation

Oil price rises on concerns of U.S. retaliation by Daniel Rook LONDON (AFP): The price of oil climbed here on Friday on the back of renewed concerns about the prospect of possible U.S. retaliation for the atrocities targeted on New York and Washington. Brent North Sea crude for November delivery rose 79 cents a barrel to US$29.16. The New York market remained shut, while the London Petroleum Exchange said it would close early at 17:45 (16:45 GMT) at the request of traders and clients.

CPO extends losses, freight rates down

CPO extends losses, freight rates down KUALA LUMPUR (Reuters): Malaysia's crude palm oil futures struggled to stay above the 982 ringgit support level on Friday and ended mostly lower due to uncertainties in future outlook. The benchmark November futures contract, which becomes the second month contract from Monday, ended down 12 ringgit at 987 ringgit (US$259.74) a ton after trading as high as 1,012 ringgit.

Bali becomes a major transit for illegal trade

Bali becomes a major transit for illegal trade By Rita A. Widiadana DENPASAR, Bali (JP): If you are an antiques lover, you'll find Bali the right place to go. Hundreds of antiques and curio galleries line the island's main art centers like Ubud, Kuta, Sanur and Denpasar. They offer an assorted range of antique goods from old furniture, rare textiles, jewelry, artifacts and wooden objects, to tribal and folk art from areas all across Indonesia.

Sutiyoso in KL for SEA Games

Sutiyoso in KL for SEA Games JAKARTA (JP): City Hall has been without its most senior member recently as City Governor Sutiyoso has left the city to attend the South East Asian (SEA) Games in Kuala Lumpur, Malaysia for four days. Sutiyoso, who departed on Wednesday, is in the Malaysian capital in his capacity as chairman of the Indonesian Basketball Association (Perbasi) and the Indonesian Target Shooting Association (Perbakin). He is scheduled to return on Saturday.

Jamsostek sued over banner order

Jamsostek sued over banner order JAKARTA (JP): An advertising company has filed a law suit at the South Jakarta District Court against state-owned PT Jamsostek, that provides social security for workers, for reneging on a banner order with the company. Lawyer Chris Butarbutar, who represented the plaintiff, PT Harmony Cipta Nusa, said his client filed the suit this week after learning that PT Jamsostek had failed to fulfill its promise on the banner project.

Oil rises, worries of U.S. retaliation

Oil rises, worries of U.S. retaliation LONDON (AFP): The price of oil climbed here on Friday on the back of renewed concerns about the prospect of possible U.S. retaliation for the atrocities targeted on New York and Washington. Brent North Sea crude for November delivery rose 79 cents a barrel to US$29.16. The New York market remained shut, while the London Petroleum Exchange said it would close early at 16:45 GMT (11.45 p.m. Jakarta time) at the request of traders and clients.

The millennium krises of Java

The millennium krises of Java The magical heritage of the Javanese kris By Waluyo Wijayatno JAKARTA (JP): The legend of Mpu Gandring, the master blacksmith murdered with the kris he forged himself by King Ken Arok, who had ordered the dagger from him, dates back about five centuries. Though he was not the first kris-maker, this story has persisted for centuries. Its mystery is intriguing and has prompted widespread speculation over the years.

President go ahead with U.S., Japan visit

President go ahead with U.S., Japan visit JAKARTA (JP): President Megawati Soekarnoputri will go ahead with her trip to New York and Washington as scheduled, Minister of Foreign Affairs Hassan Wirayuda said. Speaking at a media conference after a Cabinet meeting on Friday, Hassan said the Indonesian government appreciated the U.S. government's invitation and considered it a "positive sign" of continuing support for the government.

S'pore eyes Myanmar's fish

S'pore eyes Myanmar's fish SINGAPORE (AFP): Singapore, which imports most of its food, wants to participate in Myanmar's burgeoning fishing industry, the government said Friday. The Trade Development Board (TDB) and Agri-food and Veterinary Authority (AVA) will lead 13 local seafood companies on a mission leaving Sunday to explore commercial opportunities in Myanmar, the TDB said in a statement.

Malik criticizes teachers over strike

Malik criticizes teachers over strike Malik Fajar calls defiant teachers immature JAKARTA (JP): Debates on whether teachers are justified in going on strike continue as Minister of National Education Abdul Malik Fajar expressed displeasure with a series of recent widespread teachers' strikes to demand their six-months of back pay. But an official of the Indonesian Teachers Union (PGRI) argued that teachers saw no other choice but to strike to make the government disburse their back pay.

Audit

Audit KPKPN to summon Megawati, Taufik in wealth audit. Page 2 Guns Public order office proposes to buy 60 more guns. Page 3 'Becak' 'Becak': Treasure of the metropolis. Page 4 Golf PGA of America hopes to go forth with Ryder Cup. Page 7 Yogyakarta Yogyakartan troops gear up for war game. Page 8 IBRA Plan to appoint Laksamana as IBRA chief opposed. Page 12 E. Timor Gusmao welcomes Timorese refugees returning from RI. Page 13

Equestrian events are a family affair at Southeast Asian Games

Equestrian events are a family affair at Southeast Asian Games KUALA LUMPUR (AP): The strongest rivalry in horse riding at the Southeast Asian Games is of the sibling variety. Following in the hoofsteps of Australia's three-time Olympic gold-winning Roycroft family, two Malaysian brothers and their sister are making equestrian events at the games a family affair.

Exhibition on museums staged to attrack locals

Exhibition on museums staged to attrack locals JAKARTA (JP): With over 60 museums dotted across the capital, Jakarta could be described as a city of museums. But whether residents have any interest in visiting these historical landmarks is another question. Out of the seven museums under the care of the city's Museum and Renovation Agency, there was a mere trickle of about 50 visitors per day last year.

A city government which cared for its citizens would provide safe

A city government which cared for its citizens would provide safe places where pedestrians, cyclists, and becaks would be able to cross main roads to get into the narrow streets ....

Fitch raises RI rating

Fitch raises RI rating HONG KONG (Dow Jones): Fitch Inc. said Friday it raised its outlook on Indonesia's sovereign rating to positive from stable, after the reinstatement of a stalled International Monetary Fund program. Fitch said its B rating for Indonesia's long-term foreign currency and long-term local currency is unchanged, as is its B rating for short-term foreign currency, applicable to issues with an original maturity of up to one year. Fitch said the IMF's approval on Sept.

Would life be so bad if you're declared a refugee?

Would life be so bad if you're declared a refugee? By Annastashya Emannuelle -pls check spelling of her name JAKARTA (JP): Being a refugee is often associated with living in poor conditions, perhaps in a makeshift tent set up in a yard somewhere, not having enough to eat and being restricted in almost every aspect in life. These images are not always true, however.

Kuswantoro fails to win gold medal in archery

Kuswantoro fails to win gold medal in archery JAKARTA (JP): Indonesia's best bet in men's archery, Kuswantoro, came in just second best against Parawit Poliunoleed of Thailand in the individual event at the 21st Southeast Asian Games on Friday. Kuswantoro was beaten 107-108 in the final in Johor Bahru. Nyi Nyi Tun of Myanmar took the bronze. The failure added to the Indonesian team's woes, which the day before saw another below-par performance by Rusena Galanteh in the women's category.

Theater staged at court

Theater staged at court JAKARTA (JP): A street theater performance took place on Thursday in front of the South Jakarta District Court, while a woman who had reported a corruption case was being tried on defamation charges. The show, titled Witness Suffers due to Court Mafia, was staged by Tukul Theater and Indonesian Corruption Watch.

Public scrutiny needed over new textbook policy

Public scrutiny needed over new textbook policy JAKARTA (JP): The public, including parents of schoolchildren, must closely monitor the selection and procurement of school textbooks if state schools are permitted to select which books are used, education experts said on Thursday.

Central Kalimantan restricts reentry of Madurese

Central Kalimantan restricts reentry of Madurese JAKARTA (JP): The Central Kalimantan government has proposed a bylaw which restricts Madurese displaced by recent ethnic conflicts from reentering the province. If passed by the provincial legislative council, Central Kalimantan will formally close its doors to Madurese who have been involved in criminal acts. The ruling is contained in a new bylaw that governor Asmawi Agani presented to the legislative council on Thursday for approval.

Ticket scalpers at Gambir station

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.

Minister uncertain about Paris Club meeting

Minister uncertain about Paris Club meeting JAKARTA (JP): Minister of Finance Boediono said on Friday his office was still waiting for news from the Paris Club donor countries about the next debt-rescheduling meeting. "We have not received any information about the Paris Club meeting," Boediono told reporters after a Cabinet meeting in Jakarta on Friday.

Biodegradable plastic can cut waste

Biodegradable plastic can cut waste By Tertiani Simanjuntak JAKARTA (JP): It is difficult to imagine daily life without the use of plastic packaging, especially in urban areas, even though its imperishable nature has harmful effects on the environment. Production and consumption of plastic, or any polymeric materials, has soared in the last three decades due to its light weight and easily moldable nature, replacing wood, glass and metal.

Refugee stereotypes are not always accurate

Refugee stereotypes are not always accurate By Annastashya Emmanuelle JAKARTA (JP): Being a refugee is often associated with living in poor conditions, perhaps in a makeshift tent set up in a yard somewhere, not having enough to eat and being restricted in almost every aspect in life. These images are not always true, however.

Public order office proposes to buy 60 more guns

Public order office proposes to buy 60 more guns JAKARTA (JP): The City's Public Order Office announced on Friday that it is proposing to buy about 60 more guns to equip its officers amid increasing public opposition to its operations, especially from becak (three-wheeled pedicab) drivers. The office's head Firman Hutajulu admitted that the guns, mostly gas pistols and rubber bullet pistols, would be used by officers for self-defense purposes during public order operations.

Cambodian minister wins $7,000 suit

Cambodian minister wins $7,000 suit PHNOM PENH (AP): A Cambodian reporter and two former American colleagues were found guilty on Friday of defaming the foreign minister in articles that implicated him in the deaths of prisoners during the Khmer Rouge's 1975-79 rule. Judge Bunning Bunary ordered the reporters to pay Foreign Minister Hor Namhong a total of $6,500 in compensation and also a $1,280 fine to the state. The plaintiff had demanded $1 million in compensation.

2. IBRA (3x14)

2. IBRA (3x14) Plan to appoint Laksamana as IBRA chief opposed 3. Tour (1x34) RI tourism hampered by attacks on U.S. 4. Oil (2x12) Oil, gas firms maintain normal ops 5. LNG (2x24) S Korea may up Oman LNG imports beginning 2004 6. Turkey (2x16) Turks may ask IMF delay in 2002 loan payments 7. BOJ (2x14) Pressure rises on BOJ after U.S. attacks 8. Fitch (1x18) Fitch raises RI rating

U.S. strikes prompt ASEAN to lure investment

U.S. strikes prompt ASEAN to lure investment HANOI, Vietnam (AP): Economic uncertainty following the terrorist attacks in America prompted Southeast Asian nations to boost their efforts to lure outside capital by acting more quickly to eliminate restrictions on foreign investment, Cabinet officials said Friday. "There's a sense of greater urgency as a result of what happened there," said Singaporean Trade Minister George Yong-Boon Yeo.

Not just collected for pride

Not just collected for pride By Eddy Soetriyono JAKARTA (JP): In the old days, primitive tribes would collect the skulls of the enemies they had beheaded to prove their prowess. For the same purpose, agrarian communities would collect the horns of buffaloes they had slaughtered and the Javanese would only feel contented if, apart from owning a big house and a horse, they could own a beautiful keris (Javanese dagger).

Today's results

Today's results Cycling Men's 1.5 kilometer down hill 1. Sugianto Setiawan (Ina) 3ms, 10.20secs 2. Sitichai Gatekaewmanee (Tha) 3:11.65 3. Nutawut Patihan (Tha) 3:21.51 Women's 1.5km downhill 1. Risa Suseanty (Ina) 3mins, 50.59secs 2. Kanittha Pratom (Tha) 3:52.36 3. Phan Thi Thuy Trang (Vie) 3:58.38 Equestrian Men's individual show jumping 1. Mohamad Qabil Ambak Mahamad Fathil (Mas) 2. Quzier Ambak Mahamad Fathil (Mas) 3. Albert Pelealu (Ina) Athletics Men's hammer throw 1.

JP/Murdani Usman

JP/Murdani Usman Bali, with its mushrooming antique galleries, has become a business center for the country's antique business. Original and fake antiques and artifacts are sold side by side on the resort island. ;JP; ANPAv..r.. Photo-antique-kris JP/Mulkan Salmona Old kris or daggers, as shown in the picture, are some of the most popular antiques among collectors. Many people believe the kris have mystical powers.

Start cleaning

Start cleaning up at 'RRI' From Media Indonesia Happy 56th anniversary to Radio Republik Indonesia (the state radio broadcasting company) on Sept. 11, 2001! I sincerely hope most of the officials (both in the central and the regional offices) can be cured of the illness they have long suffered, kleptomania, which regretfully is still rampant today.

U.S. Embassy responds

U.S. Embassy responds In the midst of the terrible tragedy perpetrated on the United States, we have been heartened by the outpouring of expressions of condolence from President Megawati Soekarnoputri and other Indonesians of all walks of life and all religious faiths. We also greatly appreciated the expressions of deep condolence and support for eradicating terrorism in The Jakarta Post's editorial of September 13.

Plan to appoint Laksamana IBRA chief opposed

Plan to appoint Laksamana IBRA chief opposed JAKARTA (JP): Legislators expressed strong objections on Friday to the government's plan to appoint the State Minister for State Enterprises, Laksamana Sukardi, as chief of the Indonesian Bank Restructuring Agency (IBRA), saying the move would inhibit the privatization program and the sale of IBRA-held assets.

KPKPN to summon Megawati, Taufik in wealth audit

KPKPN to summon Megawati, Taufik in wealth audit JAKARTA (JP): The Public Servants' Wealth Audit Commission (KPKPN) is expected to summon dozens of officials and legislators, including President Megawati Soekarnoputri and her husband Taufik Kiemas, to clarify hibah (gifts) received from third parties listed on their individual wealth declarations.

An age-old problem

An age-old problem In an effort to improve the local transportation system, the Jakarta administration had planned to take over state-owned public bus operator PPD. But the plan was canceled this week because the bus company has too many internal problems. If one had time to look into the problems one would find that the company deserves to be included in a "Believe it or Not" corner of a newspaper.

Indonesia secures two gold medals in badminton

Indonesia secures two gold medals in badminton KUALA LUMPUR (JP): Indonesia lost the prestigious men's singles crown in the badminton competition on Friday, but will be content with at least two golds after its men's doubles and mixed doubles players go to the finals after winning their semi finals. Top-seeded pairing in the men's doubles Candra Wijaya and Sigit Budiarto beat a weakened Malaysian team of Wong Choong Han and Lee Wan Wah 15-4, 15-2.

Megawati's U.S. visit

Megawati's U.S. visit Up until yesterday (Thursday), President Bush stuck to his agenda. The American embassy in Jakarta has made it known that President Megawati's visit would go ahead as planned, including her meeting with the U.S. president on Sept.19. True, this is a confirmation that came from the host. However, doesn't diplomacy have its own language? The U.S. government would never cancel an invitation once it has been extended.

Borobudur's Grand Manhattan, my kind of club -- kind of

Borobudur's Grand Manhattan, my kind of club -- kind of JAKARTA (JP): The Grand Manhattan Club in the Hotel Borobudur is a new and swanky three-floor affair, another of those one-stop entertainment places. Physically, the place is impressive. Not so impressive are the size of the crowds it attracts, which is to say it doesn't attract much of a crowd. But it is still new, having had its grand opening about a week ago, so one can assume it's still finding its feet.

Tourism hit by U.S. attacks

Tourism hit by U.S. attacks JAKARTA (JP): Indonesia may not be able to meet the 2001 foreign tourist arrival target of 5.4 million following this week's devastating terrorist attacks on the U.S., according to experts. Senior adviser of the state minister of culture and tourism Uddin Saifuddin announced on Friday that the terror would create the jitters among Americans. "Many Americans are now psychologically afraid of flying. After what happened there, I think that's understandable," Uddin said.

HONG KONG (Dow Jones): Fitch Inc. said Friday it raised its

HONG KONG (Dow Jones): Fitch Inc. said Friday it raised its outlook on Indonesia's sovereign rating to positive from stable, after the reinstatement of a stalled International Monetary Fund program. Fitch said its B rating for Indonesia's long-term foreign currency and long-term local currency is unchanged, as is its B rating for short-term foreign currency, applicable to issues with an original maturity of up to one year. Fitch said the IMF's approval on Sept.

U.S. Embassy in Manila may also have been target

U.S. Embassy in Manila may also have been target MANILA (Agencies): Militants may have planned to bomb the U.S. Embassy in Manila simultaneously with the terror attacks in New York and Washington earlier this week, Philippine officials said on Friday. Three men, all nationals from Oman, were taken in for questioning in the city last Saturday after they were found video-taping the sprawling U.S.

Danareksa 'best debt house'

Danareksa 'best debt house' JAKARTA (JP): State-owned securities firm PT Danareksa said on Friday it had received an award from the international financial magazine Euromoney in the category of "the best debt house in Indonesia". The magazine cited the firm's role in helping revive the country's stock and debt markets, which were close to collapse in 2000 due to the weakening of the rupiah and rising interest rate.

'Bribery' in North Maluku election: Government

'Bribery' in North Maluku election: Government JAKARTA (JP): A government team probing a suspected bribery case involving the newly elected governor of North Maluku, Abdul Gafur, has concluded that money politics had tarnished the election process.

Gusmao welcomes Timorese refugees returning from RI

Gusmao welcomes Timorese refugees returning from RI SALELE, East Timor (Agencies): In a gesture of reconciliation, East Timor's independence hero Xanana Gusmao welcomed home the families of former pro-Jakarta militiamen on Friday as mass refugee returns resumed across the border with Indonesian West Timor. Gusmao predicted that the homecoming, the largest since the beginning of year, would be the first of many over the next few months.

U.S. Dollar Rates Sept. 14

U.S. Dollar Rates Sept. 14 Latest Previous %Change Yen 118.66-72 119.49-55 -0.69 Euro* 0.9174-79 0.9068-73 +1.17 Sterling 1.4741-47 1.4676-82 +0.44 Swiss Franc 1.6357-63 1.6588-94 -1.39 Canadian dollar* 1.5647-57 1.5612-18 +0.22 Australian dollar* 0.5167-72 0.5167-72 0.00 New Zealand dollar 0.4234-41 0.4265-72 -0.73 Deutsche mark 2.1308-19 2.1557-68 -1.16 Czech koruna 37.200-30 37.658-88 -1.22 Hungary forint 277.81-05 282.16-41 -1.54 Danish krone 8.1094-34 8.2041-81 -1.15 Norwegian krone...

Exports set for a decline: Associations

Exports set for a decline: Associations JAKARTA (JP): Indonesian exports will likely weaken even further in the aftermath of Tuesday's attack on the United States, Indonesia's biggest export market, dropping between 10 percent to 20 percent this year, exporters said. Head of the Indonesian Electronics Producers Association (Gabel) Lee Kang Hyun said on Friday that the attack on the United States would cause electronic exports to be even more sluggish than they had already been.

KL, Bangkok to settle row

KL, Bangkok to settle row HANOI (AFP): Malaysia and Thailand have agreed to resolve a row over auto industry protection which threatened Southeast Asian efforts to set up a free trade area, ministers from the two countries said Friday. Thailand had objected to Malaysia's insistence on a reprieve from the free trade area's rules for its national car manufacturer Proton. "We will resolve the matter bilaterally," said Thai Commerce Minister Bohdaramik Adisai.

Aceh 'refugees'

Aceh 'refugees' encroach on park MEDAN, North Sumatra: More than 500 families of Acehnese who fled clashes between separatist rebels and the military have encroached on Gunung Leuser National Park, a non-governmental organization reported on Friday. They have turned part of the park into a refugee camp and built a school as their number constantly increases, according to Ridwan AR, coordinator of Conservation Management of Leuser.

Rupiah Rates Sept. 14

Rupiah Rates Sept. 14 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.