Indonesian Political, Business & Finance News

Archive: 1 September 2001

Showing 1-50 of 79 articles

Tulip Bazaar at Erasmus Huis

Tulip Bazaar at Erasmus Huis JAKARTA (JP): The Dutch Embassy in conjunction with Erasmus Huis will hold the annual Tulip Bazaar on Saturday at the embassy's compound. Various delicacies from Indonesia and the Netherlands can be found at this year's bazaar, along with handicrafts from both countries. Tulips, however, will not be found despite the bazaar's name, as the flower is only sent once a year from the Netherlands on Queens Day, according to Novita Lawalata, one staffer at Erasmus Huis.

Government urged to explain OPIC deal to the public

Government urged to explain OPIC deal to the public JAKARTA (JP): The government must explain to the public the reason behind its move to renew a settlement agreement with the U.S.-based Overseas Private Investment Corporation (OPIC), to avoid speculation that could harm investors' confidence in the country, a noted economist says.

'Self-defense' could end in murder charge

'Self-defense' could end in murder charge By Emmy Fitri JAKARTA (JP): A robbery victim became a murder suspect after he reportedly shot dead one of four men attempting to rob him in front of a Bank of Central Asia ATM booth in Pondok Indah, South Jakarta in the early hours of Wednesday. In light of this recent turn of events, the question being raised by the public is how they can defend themselves against crime without fear of prosecution.

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

1. Trip - 48 MM, 3 cols, 3 lines, 3x 15 Trip findings of limited use: Councillors 2. Cakung - 28 HBC, 3 cols, 2 lines, 2x24 Ardous procedures face street vendors 3. Raft - 36 NCSB, 4 cols, 2 lines, 2x21 Raft across Ciliwung source of income 4. Terminal - 26 HBC , 2 col, 2 lines, 2x27 Team to be set up to analyze Pulo Gebang terminal project 5. Eviction, 28 MM, 3 cols, 1 lines, 1x24 More to be made homeless 6.

RP studies four-day works

RP studies four-day works MANILA (DPA): Philippine President Gloria Macapagal Arroyo said Friday that the government is studying the possibility of implementing a four-day work week in a bid to boost domestic tourism. Arroyo said the government's legal counsel was already looking into the plan, which was proposed by Tourism Secretary Richard Gordon and travel industry leaders. "I am amenable (to the proposal)," she said at a news briefing when asked whether she favored a three-day weekend.

GM makes final offer for Daewoo Motor

GM makes final offer for Daewoo Motor SEOUL (Reuters): The world's biggest automaker General Motors has made a final offer for Korea's bankrupt Daewoo Motor, but it excludes the firm's largest and most antiquated plant which employs almost half its local workforce. "GM has submitted a final offer for Daewoo Motor, but the main Pupyong plant has been excluded," a senior finance ministry official said on Friday.

VoIP technology

VoIP technology Bisnis Indonesia of Aug. 30, 2001 reported that Telkom has officially launched Voice over Internet Protocol (VoIP) service for international telephone calls. In fact, according to Endy Prijanto, PT Telkom's director of the VoIP project, Telkom had a soft launching of this service in May 2001. He further stated that besides PT Telkom, there are five other legal VoIP operators and 28 illegal operators.

Thai economy slowing sharply as exports sink

Thai economy slowing sharply as exports sink BANGKOK (Reuters): Thailand's economy is hurting badly, with manufacturing output and exports sinking as many of its major markets near recession, key data showed on Friday. Figures from the Thai central bank confirmed analysts' fears that industrial production dropped in July from June, its second successive month-on-month decline on a seasonally adjusted basis.

National day sees Mahathir scolding, joking

National day sees Mahathir scolding, joking KUALA LUMPUR (AFP): Veteran Asian leader Mahathir Mohamad marked Malaysia's independence day on Friday by scolding his people in poetry, joking about Japan's economy and sermonizing on Islam. Shooting from the lip in vintage style, Prime Minister Mahathir: -- Berated ethnic-Malays for becoming "too laid back" because of his affirmative action program, but denied that it was his fault.

KONI sends 179 officials to SEA Games

KONI sends 179 officials to SEA Games JAKARTA (JP): The National Sports Council (KONI) nominated on Friday a staggering 179 officials to the country's delegation to the Southeast Asian (SEA) Games in Kuala Lumpur. However, KONI spokesman Ahmed Solihin was quick to play down the size of the non-participating pack, saying the figure was far below the maximum of 50 percent of the combined number of competing athletes and their coaches that the quota allowed.

Injured Karuna out of KL Games

Injured Karuna out of KL Games JAKARTA (JP): Indonesia's tae kwon do team lost one of its best medal-winning hopes at the Southeast Asian (SEA) Games with the withdrawal of heavyweight Karuna through injury during training in Berkeley, California.

Mega delays Aceh trip, sets agenda

Mega delays Aceh trip, sets agenda JAKARTA (JP): President Megawati Soekarnoputri officially postponed on Friday her visit to Aceh planned for Sunday and instructed aides to hasten the judicial process for past rights abuses in the province along with a meaningful dialog in an attempt to resolve the conflict there. The decision to delay the visit was announced after a four- hour limited Cabinet meeting here, which was held to specifically discuss developments in Aceh.

Muslims, Christians reach peace deal

Muslims, Christians reach peace deal PALU, Central Sulawesi: Hundreds of Muslim and Christian figures meeting at the Poso Military District office concluded a peace deal on Thursday and pledged to stop violence, which has been ravaging the regency of Poso for the last three years. Sponsored by a reconciliation team for Poso, the religious leaders' meeting was filled with emotion. "They embraced with each other like brothers who had been missing each other.

JP/5/JUN

JP/5/JUN What is the current nature of relations between the government and the Indonesian Military? Jun Honna, assistant professor at the Faculty of International Relations of Ritsumeikan University in Kyoto, spoke to The Jakarta Post's staff writer Kornelius Purba during one of his visits to Jakarta earlier this month.

1. 5Tossy -- Gen. Sutarto is growing more powerful

1. 5Tossy -- Gen. Sutarto is growing more powerful 1 X 50 48pt Optima Bold Army under Gen. Sutarto is growing more powerful JP/5/JUN What is the current nature of relations between the government and the Indonesian Military? Jun Honna, assistant professor at the Faculty of International Relations of Ritsumeikan University in Kyoto, spoke to The Jakarta Post's staff writer Kornelius Purba during one of his visits to Jakarta earlier this month. 2. 5Gower -- Thinking of taking a test of English?

Immigration office washes hands of illegal immigrants

Immigration office washes hands of illegal immigrants JAKARTA (JP): The immigration office washed its hands on Friday over the entry of illegal immigrants to Indonesia, saying that most of them entered the country without passing official immigration checkpoints. "The immigration office cannot control their entry as they came to Indonesia by boat and they did not carry legal documents like passports and visas," spokesman for the directorate general of immigration Ade E.

U.S. ties depend on rights action

U.S. ties depend on rights action JAKARTA (JP): Indonesia should show its seriousness in dealing with past human rights abuses which allegedly involved its military personnel before the United States can resume full military ties, a U.S. official said on Friday. "The U.S.

Water supplies to be disrupted

Water supplies to be disrupted JAKARTA (JP): Water supplies to some areas in West and Central Jakarta will be disrupted due to a network project by PT PAM Lyonnaise Jaya (Palyja) for six days, starting on Saturday. Areas that will be affected are: Jl. Mangga Dua Raya, Jl. Martadinata, Jl. Lodan Raya, Jl. Kampung Bandan, Jl. Pangeran Jayakarta, Jl. Kartini Raya, Jl. Pakin Luar Batang, Jl. Kali Besar, Jl. Gedung Panjang, Jl. Cengkeh, Jl. Roa Malaka and Jl. Teh and its surroundings.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug 31, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,525 0 28,500 Adindo Foresta 105 0 45,000 AGIS 130 0 160,000 Akbar Indo Makmur 775 -300 1,453,500 Alakasa 275 -25 2,500 Alfa Retailindo 900 -25 88,000 Alter Abadi 85 0 0 Alumindo Light 625 0 25,000 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 210 0 0 Aneka Tambang 1,000 -25 42,000 Apac Citra 360 5 3,500...

Haj pilgrimage cost to increase

Haj pilgrimage cost to increase JAKARTA (JP): The government has decided to increase the cost of the haj pilgrimage to Mecca, Saudi Arabia, next year to between Rp 24.4 million (US$2,741) and Rp 26 million per person. Minister of Religious Affairs Said Aqiel Husin Al Munawar told a media conference here on Friday that the decision was made in a hearing between the Ministry and the House of Representatives Commission VI for religious affairs on Aug. 24.

1. OPIC (3x15)

1. OPIC (3x15) Govt urged to explain OPIC deal to the public 2. PLN (3x10) PLN losses drop 40% in first half 3. DAI (1x32) Insurance industry to grow 30% 4. Sate (2x16) YLKI to investigate Mentari recall 5. Micro (2x24) Despite legal woes in EU, Microsoft launches Windows XP 6. Blum 1 (1x32) Asia's distressed credits become hot items 7. Blum2 (2x18) GM makes final offer for Daewoo Motor 8. China (2x22) China not an economic threat to Southeast Asia: IMF

Reforming Pertamina and PLN

Reforming Pertamina and PLN By T.N. Machmud JAKARTA (JP): One cannot help but applaud the agenda Minister Purnomo has set himself and his ministry. As he described in The Jakarta Post on Aug. 21, it will require an all out effort by the ministry. Restructuring both state-owned oil firm Pertamina, electricity company PLN and providing the direction needed by these two important state-owned enterprises is a full-time job in itself.

Rupiah Rates Aug. 31

Rupiah Rates Aug. 31 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

4-year jail term sought for director

4-year jail term sought for director TANGERANG (JP): A prosecutor asked the Tangerang district court on Thursday to sentence a company director to four years in prison for counterfeiting a letter of authority to win a land dispute lawsuit in Jatake, Pagedangan district of Tangerang.

Acehnese waiting for justice: Mustafa

Acehnese waiting for justice: Mustafa BANDA ACEH, Aceh (JP): A noted Acehnese figure has urged the government to prosecute military perpetrators of murder and abuse during the terrifying years of violence and repression in Aceh as one of the prerequisites for resolving the Aceh problem.

Marriott to erase dress code tip

Marriott to erase dress code tip BANGKOK (Reuters): U.S.-based hotel chain Marriott International Inc said on Friday it would delete a dress code tip on its Web site which links women wearing blouses and shorts in Thailand to prostitutes. One of the pages in the www.marriot.com site advising the dress code in Thailand says: "No Thai men wear shorts.

Complicated procedures face street vendors

Complicated procedures face street vendors By Annastashya Emmanuelle JAKARTA (JP): Complicated bureaucratic procedures await street vendors who wish to claim their belongings after being confiscated by the city public order officials during crackdowns across the city. The procedures are time consuming and cost them relatively a lot of money before they manage to get back their belongings.

Yogyakarta warned of terrorism

Yogyakarta warned of terrorism YOGYAKARTA: Yogyakarta governor Sultan Hamengkubuwono X ordered intelligence bodies to gather information on the possible entry of international terrorists into the province, Yogyakarta Police chief Brig. Gen. Saleh Saaf said here on Friday. "We have been told to be more vigilant against the possibility of terrorist infiltration into the province.

Tanjung Puting National Park

Tanjung Puting National Park From Tempo The increased felling of trees in several of Indonesia's national parks, long the nation's proud assets, such as in Tanjung Puting National Park (TNTP), Gunung Leuser National Park (TNGL) and Kerinci Seblat National Park (TNKS) is not only saddening but a serious cause for concern. The latest victim of the plunder is TNTP, with its lush and easy-to-reach forest along the river and swamps.

Asia's economic malaise

Asia's economic malaise The current woes of the emerging Asian tigers can be traced solely to the economic slowdowns in the United States and Japan, both major trading partners for the troubled economies. Among other onslaughts, the emerging Asian markets have been hit squarely by the end of the U.S. information technology business boom. According to some estimates, Asia's exports of IT-related products account for about 40 percent of the region's recent economic growth.

Team to be set up to analyze terminal project

Team to be set up to analyze terminal project JAKARTA (JP): City Governor Sutiyoso said on Friday that he would set up a team to analyze a plan to build a new bus terminal in Pulo Gebang, East Jakarta. "The team will suggest which of three plots of land being proposed by city councillors is the best," Sutiyoso said.

1. Rupiah (2 x 25)

1. Rupiah (2 x 25) BI governor says rupiah will continue to strengthen 2. Oil (1 x 35) OPEC fights slowdown with output cut 3. Market (1 x 35) Asian stocks mixed, Tokyo shares down 4. Yen (2 x 22) Tokyo may call on G7 to curb yen's rise, Shiokawa says 5. Gold (2 x 18) Europe gold higher as dollar declines

Common people always suffer

Common people always suffer From Sinar Pagi The hike of the U.S. dollar rate and the fall of rupiah value became a burden to ordinary people as prices of goods also went up, not to mention the difficulty in getting a job. But, when President Megawati Soekarnoputri had just assumed office the dollar rate weakened to a level below Rp 9,000 per dollar. Some people, particularly exporters, said that the country's products would become less competitive in the world market if the rupiah strengthened.

Jakarta garrison has new chief

Jakarta garrison has new chief JAKARTA (JP): Former commander of the Jakarta Garrison, Brig. Gen. T.B. Hasanuddin, officially transferred his duties to Col. Harry Pisand in a ceremony on Thursday. Harry, former intelligence unit chief of the Army's Special Force (Kopassus), replaced Hasanuddin after he was appointed as the presidential military secretary.

Ari Sigit hospitalized

Ari Sigit hospitalized JAKARTA (JP): The detained grandchild of former president Soeharto, Ari Haryo Wibowo or Ari Sigit, was admitted to Kramat Jati Police Hospital in East Jakarta after complaining of breathing difficulties, an officer said on Friday. City police spokesman Sr. Comr. Anton Bachrul Alam said Ari, who has been under police detention since Aug. 14, for bullet possession, was identified as having spots on his lungs after a chest X-ray.

RP arrests expats over bomb plot

RP arrests expats over bomb plot MANILA (AFP): Three foreigners have been arrested in the Philippines for allegedly plotting to bomb the Vietnamese embassy here, radio reports and officials said on Friday. Police and bureau of immigration sources said that three unnamed foreigners were arrested on Thursday over an alleged bombing plot against the Vietnamese mission, but would give no further details.

PLN losses drop by 40 percent in first half

PLN losses drop by 40 percent in first half JAKARTA (JP): State-owned electricity company PT PLN said on Friday that its net losses had dropped by close to 40 percent to Rp 6.98 trillion (about US$782 million) in the first half of the year from Rp 11.58 trillion in the corresponding period last year.

PDI-P to pursue Mega's proposal for commission

PDI-P to pursue Mega's proposal for commission JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan) has thrown its weight behind President Megawati Soekarnoputri's proposal for the establishment of a special commission to make comprehensive amendments to the 1945 Constitution.

50 hospitalized for food poisoning

50 hospitalized for food poisoning PURWOKERTO, Central Java (JP): At least 57 out of 315 freshmen students at Jenderal Soedirman University's School of Animal Husbandry were treated at a local military hospital for food poisoning on Thursday, an official said on Friday.

CAL to buy 25% of China Cargo

CAL to buy 25% of China Cargo TAIPEI (AFP): Taiwan's China Airlines (CAL) is expected to buy a 25 percent stake in Shanghai-based China Cargo Airlines in September at the earliest, CAL officials said Friday. "Our target is to finalize the acquisition before the end of this year, but we don't rule out the possibility of closing the deal as early as September," said a CAL official who declined to be named.

Ciliwung raft keeps the poor afloat

Ciliwung raft keeps the poor afloat By Muninggar Sri Sarasvati JAKARTA (JP): Most people here do not consider rivers as part of the transportation infrastructure despite the fact that 13 rivers flow through the city. Some people, however, rely heavily on them. Sumardi, also known as May, is one of dozens of people operating the service at many crossings on the city's rivers. He owns a raft that ferries people across the Ciliwung river near the Manggarai area in South Jakarta.

Where to go in Jakarta:

Where to go in Jakarta: Art Summit III * Dance by Guangdong Modern Dance Company (Chinese), Graha Bhakti Budaya, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta, 8 p.m., Sept. 1. * Balinese Traditional Music: Gugatan Bambu Bali by I Nyoman Windha, Gedung Kesenian Jakarta, 8 p.m., Sept. 1 - 2. * Music: Swara Genta by A.L. Suwardi (Indonesian), Gedung Kesenian Jakarta, 8 p.m., Sept. 5 - 6.

Ombudsman needs strong legal framework: Observer

Ombudsman needs strong legal framework: Observer JAKARTA (JP): The existence of the government-sanctioned National Ombudsman Commission needs the backing of a strong legal foundation to enable it to effectively monitor executive and judicature institutions, a legal observer said on Friday. Jimly Asshiddiqie of the Habibie Center stressed the importance of regulating it in the Constitution and not merely depending on presidential instruction.

Diesel fuel production won't be raised

Diesel fuel production won't be raised CILACAP, Central Java (JP): State-owned oil and gas company Pertamina said on Friday it would not increase its diesel fuel production despite people's recent complaints about the shortage in supply in the market. General manager of Pertamina's Cilacap Refinery Unit IV, Suroso said that the company's production of diesel fuel was at its maximum level of 1.8 million barrels per month.

Army under Gen. Endriartono growing more powerful

Army under Gen. Endriartono growing more powerful What is the current nature of relations between the government and the Indonesian Military? Jun Honna, assistant professor at the Faculty of International Relations of Ritsumeikan University in Kyoto, spoke to The Jakarta Post's staff writer Kornelius Purba during one of his visits to Jakarta earlier this month.

Robbers kill two, escape with Rp 1.8b

Robbers kill two, escape with Rp 1.8b BOGOR (JP): Armed robbers killed a policeman and a security officer, and injured two other people before escaping with Rp 1.8 billion (US$211,765) owned by Bank Lippo here on Friday. Bogor Police deputy chief, Adj. Sr. Comr. Makmun Saleh said on Friday that the robbery's execution indicated it had been committed by cold-blooded criminals. "If they weren't cold-blooded criminals, they wouldn't have shot and killed them," he said.

20 people arrested for drugs, guns

20 people arrested for drugs, guns JAKARTA (JP): As many as 20 people were arrested by the Central Jakarta District Police during impromptu raids conducted on two discotheques here early on Thursday morning, aimed at uncovering illegal drugs and weapons. Twelve people were taken into custody for being under the influence of drugs while five others were arrested for possessing drugs, according to the operation's head Comr. Paulus Waterpaw.

Yet Law No. 8 1971 shows that the selection of Pertamina

Yet Law No. 8 1971 shows that the selection of Pertamina commissioners contradicts good corporate governance.

Armed robbers kill two, escape with Rp 1.8 billion

Armed robbers kill two, escape with Rp 1.8 billion BOGOR (JP): Armed robbers killed a policeman and a security officer and injured two other people before they escaped with Rp 1.8 billion (US$211,765) owned by Bank Lippo here on Friday. Deputy chief of Bogor police precinct, Makmun Saleh, said on Friday that such a robbery must have been committed by cold- blooded convicts. "If they are not cold-blooded criminals they won't shoot them to death," he said.

Lee Kuan Yew to visit Malaysia

Lee Kuan Yew to visit Malaysia KUALA LUMPUR (Reuters): Several niggling issues including water supply and customs and immigration arrangements await Singapore's Senior Minister Lee Kuan Yew during a four-day informal visit to Malaysia due to start on Sunday. The two countries, joined briefly within Malaysia from 1963 before a split in 1965, have bickered over such matters for years without reaching agreements.