Indonesian Political, Business & Finance News

Archive: 20 September 2001

84 articles found

RI to fight terrorism: Megawati tells Bush

RI to fight terrorism: Megawati tells BushBy Febiola Desy Unidjaya WASHINGTON (JP): President Megawati Soekarnoputri pledged here on Wednesday that Indonesia would help the United States in its fight against international terrorism."Indonesia is always against violence.

No longer business as usual

No longer business as usual The Indonesian government and the House of Representatives would only delude themselves if they thought the September 11 terrorist attacks on the heart of the United States financial industry would not adversely affect the U.S.

Electricity customers sue PLN in Kupang

Electricity customers sue PLN in Kupang KUPANG, East Nusa Tenggara (JP): A group of 232 electricity customers has filed a lawsuit against the local branch of the state electricity company PT PLN, seeking compensation of Rp 5 billion for unilateral cuts in the power supply.

Reform necessary within PT KAI

Reform necessary within PT KAIFrom Koran TempoThe recent, terrifying accident between a passenger train and a locomotive that was shunting in Cirebon station caused a huge number of victims, loss of passengers' property and heavy damage to the nation's assets.

Prajogo appears for questioning

Prajogo appears for questioning JAKARTA (JP): Tycoon Prajogo Pangestu, a suspect in a graft case, at last appeared at the Attorney General's Office for questioning on Wednesday, three months after he was first summoned.

JP/12/Exports

JP/12/ExportsIndonesia's 2001 exports to fall short of target: BPEN by Damar HarsantoJAKARTA (JP): The National Agency for Export Development (BPEN) said that Indonesia's 2001 non-oil and gas exports would fall short of the target of US$49 billion (Rp 465 trillion) due to an expected fall in demand...

RI to fight terrorism: Megawati tells Bush

RI to fight terrorism: Megawati tells BushBy Febiola Desy Unidjaya WASHINGTON (JP): President Megawati Soekarnoputri pledged here on Wednesday that Indonesia would help the United States in its fight against international terrorism."Indonesia is always against violence.

RI committed to global war on terrorism

RI committed to global war on terrorism JAKARTA (JP): Despite a strong commitment to combat global terrorism, as shown by President Megawati Soekarnoputri's visit to the United States, there is not actually much that the Indonesian government can do, says political observer Rizal Sukma.

Govt urged to take tough measures against GAM

Govt urged to take tough measures against GAM JAKARTA (JP): National Police Chief Gen. Surojo Bimantoro urged the government on Wednesday to take a hard-line stance on the separatist Free Aceh Movement (GAM) in order to help solve the prolonged conflict in the troubled province.

Rp 8b fund questioned

Rp 8b fund questioned JAKARTA (JP): The City Council has questioned the release of an Rp 8 billion (US$888,888) fund which was reportedly to be used by the North Jakarta Mayoralty for the removal of 12 brothels and the clearance of the land in the Kramat Tunggak former red-light area, North Jakarta.

NZ starts boosting trade ties

NZ starts boosting trade ties WELLINGTON (Dow Jones) : New Zealand will begin boosting trade ties with Australia and the Association of Southeast Asian Nations, or Asean, by cooperating on a range of issues, including a lowering of trade barriers, said Trade Minister Jim Sutton Wednesday.

Sukarno exhibition extended

Sukarno exhibition extended JAKARTA (JP): The huge number of visitors at the Sukarno art collection exhibition has forced the organizers to extend the event by one month to Oct. 15.A release from the organizers said the number of visitors had reached 150,000 since the opening on Aug.

RP rejects image as haven for terrorists

RP rejects image as haven for terrorists MANILA (AFP): The Philippines on Wednesday bristled at its portrayal in the Western press as a haven for international terrorists with links to Osama bin Laden, the main suspect in last week's terror attacks in the United States.

President, House urged to disarm National Police

President, House urged to disarm National Police JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto has called on President Megawati Soekarnoputri and the House of Representatives to disarm the National Police in enforcing the law and maintaining security.

Bylaw on housemaids unenforced: Official

Bylaw on housemaids unenforced: Official JAKARTA (JP): Only a few people are aware of Bylaw No. 6/1993 on Housemaids. Even most of the city's 85 councillors have admitted that they know nothing about it.

President, House urged to disarm National Police

President, House urged to disarm National Police JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto has called on President Megawati Soekarnoputri and the House of Representatives to disarm the National Police in enforcing the law and maintaining security.

Medan in short of gas

Medan in short of gas MEDAN, North Sumatra: Liquefied petroleum gas (LPG) shortages have forced six factories in the Medan Industrial Estate to stop operation, a local official said on Wednesday.LPG consumption in the industrial estate is estimated at six million cubic feet a day, but the supply...

Pedicab drivers upset over forgotten promise of jobs

Pedicab drivers upset over forgotten promise of jobs JAKARTA (JP): Dozens of becak (three-wheeled pedicab) drivers staged a protest at the city council on Wednesday, claiming that Governor Sutiyoso had earlier promised to provide them with jobs."Until now, Sutiyoso's promise has not been fulfilled.

The website address of IBRA's Oversight Committee's (OC) is not

The website address of IBRA's Oversight Committee's (OC) is not www.oc.bppn.co.id, as stated in the news story published on Tuesday, but www.oc.bppn.go.id. We apologize for the mistake Editor

Tasikmalaya still tense after riot

Tasikmalaya still tense after riot TASIKMALAYA, West Java (JP): The situation in the village of Cipatujah, Tasikmalaya regency in West Java was still tense after communal rioting in which 23 houses and two churches were destroyed and set ablaze on Monday. No fatalities were reported.

JP/ /

JP/ /Deposit Rate Sept. 19 Bank 1 month 3 months 6 months 12months last updated Mandiri 12.50/5.50 12.50/5.50 12.75/5.50 12.75/5.50 14/08/01 BCA 13.50/4.00 13.50/4.00 13.50/4.00 13.50/4.00 02/07/01 Danamon 14.00/6.00 14.00/6.00 14.00/6.10 14.00/6.10 03/09/01 BII 17.35/6.04 17.66/6.10 17.38/6.18 17.

Arroyo visits U.S. Embassy

Arroyo visits U.S. Embassy MANILA (DPA): Philippine President Gloria Macapagal Arroyo on Wednesday visited the United States Embassy to personally express her sympathy to the thousands of victims in last week's terrorist attacks on New York and Washington.Arroyo met with U.S.

Gas pipeline deal delayed to 2002: PGN

Gas pipeline deal delayed to 2002: PGN SINGAPORE (Dow Jones): Selection of a new stakeholder in a natural gas pipeline linking Singapore and Sumatra, Indonesia, from more than a dozen contenders has been delayed to February 2002 - or just barely in time for construction of the pipeline to begin in...

Riot

Riot Tasikmalaya still tense following communal riot. Page 2 Heroin Woman tried for alleged attempt to smuggle in heroin. Page 3 Soccer Lucky breaks give Juventus, Manchester United late wins. Page 7Bali Balinese artists help children to be happy.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Environment 8:45 City News 10:00 Children's Songs 10:30 30 Minutes with Anita Rahman 11:00 Regional News 11:30 Music 12:00 p.m. News 1:00 Talk Show 2:00 News 2:30 Debating 3:30 Children's Program 5:15 TV Drama 6:00 News 7:00 Talk Show 8:00...

Timah expects big losses in 2002 due to low price

Timah expects big losses in 2002 due to low price JAKARTA (JP): Publicly listed tin producer PT Timah Tbk has predicted a sharp decline in its net profit for this year and a possible huge loss for next year, due to a combination of massive illegal mining activity at its mining sites and low...

Australian jailed for steward assault

Australian jailed for steward assault KUALA LUMPUR, Malaysia (AP) - An Australian man was sentenced to six weeks jail, fined and ordered deported for assaulting a Malaysian Airline steward on a flight from London to Kuala Lumpur, news reports said Wednesday.

2001 export target hard to meet: BPEN

2001 export target hard to meet: BPEN JAKARTA (JP): The National Agency for Export Development (BPEN) said that Indonesia's 2001 non-oil and gas exports would fall short of the target of US$49 billion (Rp 465 trillion) due to an expected fall in demand from the main buyer, the United States,...

Overhaul urgent in RI sports system

Overhaul urgent in RI sports systemBy Primastuti Handayani JAKARTA (JP): For the second time since it began participating in the Southeast Asian (SEA) Games, Indonesia could only finish third behind Thailand and the new regional sporting powerhouse Malaysia.

Rupiah Rates Sept.20

Rupiah Rates Sept.20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,181.00 10,181.00 9,633.00 9,729.00Austrian schilling 1 616.83 684.39 647.20 654.01Australian dollar 1 4,543.68 5,043.67 4,767.37 4,819.75Belgian franc 1 210.41 233.45 220.77 223.

Balinese artists help children to be happy

Balinese artists help children to be happyBy Murdani Usman MOUNT AGUNG, Karang Asem, East Bali (JP): Bali is synonymous with tourism, culture and attractions. The most famous tourist destination in the country is also dubbed as one of Indonesia's richest provinces.

The Madiun incident

The Madiun incident It happened around midnight in the East Java town of Madiun. Navy Second Lt. A.M. Jeremy, Army Second Lt. Azis and Police Second Lt. Tatit Muji Widodo, all out of uniform, were queuing up to buy gasoline at a gas station near the town square.

Distracted vision causes decline in RI sport

Distracted vision causes decline in RI sport JAKARTA (JP): Failure to keep focused on the vision has resulted in Indonesia's declining performance in the Southeast Asian (SEA) Games, which saw its contingent finish third for the second straight time at the just concluded event in Kuala Lumpur, a...

Recapped bank NPLs improve to 15%: IBRA

Recapped bank NPLs improve to 15%: IBRA JAKARTA (JP): The government said on Wednesday the average nonperforming loans (NPLs) rate of recapitalized banks has improved to 15 percent as against over 20 percent last year, though still far off from Bank Indonesia's 5 percent year-end target.

Tasik Malaya still tense after riot

Tasik Malaya still tense after riot TASIK MALAYA, West Java (JP): The situation in the village of Cipatujah in Tasikmalaya town in West Java was still tense after a communal rioting in which 23 houses and two churches were destroyed and set ablaze on Monday. No fatalities were reported.

BI vows to do its utmost to defend rupiah

BI vows to do its utmost to defend rupiah JAKARTA (JP): Bank Indonesia will do everything in its power to prop up the rupiah and prevent it from sliding even further, Governor of Bank Indonesia Sjahril Sabirin announced on Wednesday.

2002 customs earnings hard to meet: Official

2002 customs earnings hard to meet: Official JAKARTA (JP): The higher target for the 2002 customs receipts will be difficult to achieve as more and more import tariffs will be cut to comply with the ASEAN Free Trade Area (AFTA), a senior official says.

Search for Osama in Banyumas and Makassar underway

Search for Osama in Banyumas and Makassar underway PURWOKERTO, Central Java (JP): The Banyumas Police have formed a special team to search for Osama bin Laden, the suspected mastermind behind the terror strikes on the United States, who is reportedly in Indonesia.

Let Irian Jaya have its anthem, flag: Observers

Let Irian Jaya have its anthem, flag: Observers JAKARTA (JP): Human rights activist Asmara Nababan and political observer Andi Mallarangeng propose that Irian Jaya be allowed to have its own flag and anthem as part of its special autonomy.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Sept 19, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,325 0 67,500 Adindo Foresta 90 0 30,000 AGIS 135 20 7,234,500 Akbar Indo Makmur 650 25...

Timah expects big losses next year

Timah expects big losses next yearby DadanJAKARTA: Publicly listed tin producer PT Timah Tbk has predicted a sharp decline in its net profit for this year and a possible huge loss for next year, due to a combination of massive illegal mining activity at its mining sites and low international price...

Palm oil remains bearish in Asia

Palm oil remains bearish in Asia KUALA LUMPUR (Reuters): Weak fundamentals curbed trade in Malaysia's crude palm oil futures on Wednesday, amid slow demand and rising output, but freight rates held unchanged on fear of disruption to shipments, industry sources said.With U.S. President George W.

Govt vows to win debt-for-nature scheme

Govt vows to win debt-for-nature scheme JAKARTA (JP): The government has vowed to pursue a debt-for- nature-and-development swap with foreign creditors to ease pressure on the state budget from debt-servicing and to benefit the environment.

Takahashi transforms traditional music

Takahashi transforms traditional musicBy Y. Bintang Prakarsa JAKARTA (JP): Many Asian musicians have preoccupied themselves with the question of how to transform traditional music. In Java, many innovations have concentrated on exploring new sounds through new instruments or new ways of playing the...

Discovery of check only the tip of the iceberg: Analysts

Discovery of check only the tip of the iceberg: Analysts JAKARTA (JP): The cheque found in the legislature's office building, which is suspected of having been intended as a bribe for a legislator, is only one small sample that has come to light of a much bigger web of corruption involving...

Army chief says Madiun victims shot by police

Army chief says Madiun victims shot by police JAKARTA (JP): Four days after a fierce clash between members of the police and the military took the lives of three civilians in the East Java town of Madiun, a lead as to who pulled the trigger has yet to emerge.Army Chief of Staff Gen.

'Lack of vision leads to RI decline'

'Lack of vision leads to RI decline' JAKARTA (JP): Failure to keep focused on the vision has resulted in Indonesia's declining performance in the Southeast Asian (SEA) Games, which saw its contingent finish third for the second straight time at the just concluded event in Kuala Lumpur, a sports...

Amien meets PM Howard

Amien meets PM Howard CANBERRA (ANTARA): People's Consultative Assembly (MPR) Chairman Amien Rais, who is on a two-day visit to Australia beginning Wednesday, met with Australian Prime Minister John Howard here Wednesday.

Syahril denies responsibility

Syahril denies responsibility JAKARTA (JP): Bank Indonesia Governor Syahril Sabirin told the court here on Wednesday that he was not responsible for the disbursement of Rp 904 billion (US$100 million) in Bank Indonesia's liquidity support funds (BLBI) to Bank Bali in 1999.

RP's largest privatization plan ready by next month

RP's largest privatization plan ready by next month by anoname MANILA (AFP): A US$5 billion plan to privatize the Philippines' debt-ridden state power producer should be ready for signing by President Gloria Arroyo next month, Energy Secretary Vince Perez said Wednesday.

Counter intelligence bolstered following U.S. fears

Counter intelligence bolstered following U.S. fears Further signs of a new breed of terrorism have been linked to last Tuesday's attack on America. The Jakarta Post's reporter Tiarma Siboro talked to former defense attache at the Indonesian Embassy in the United States (1997-1998) Maj.Gen.

Students' trial turns chaotic

Students' trial turns chaotic JAKARTA (JP): The trial of two student activists in South Jakarta District Court turned chaotic as the defendants and their lawyers walked out after the presiding judge banned the students' supporters from entering the tightly guarded courtroom.

Watch out for the neighbors

Watch out for the neighbors SINGAPORE: From the thicket of recent writings on transnational terrorism, one paper is prominent for its postulation about the involvement of a strand of radical Islam in the world's ethno-religious hot spots.

Tasikmalaya still tense after riot

Tasikmalaya still tense after riot TASIKMALAYA, West Java (JP): The situation in the village of Cipatujah, Tasikmalaya regency in West Java was still tense after communal rioting in which 23 houses and two churches were destroyed and set ablaze on Monday. No fatalities were reported.

Asian countries nervous over China's WTO entry

Asian countries nervous over China's WTO entry SINGAPORE (AFP): As the global community welcomes China's entry into the World Trade Organization (WTO), regional policymakers are nervously assessing how to cope with the Asian giant's irreversible economic ascendency.

Mega's visit to U.S. timely

Mega's visit to U.S. timely There was indeed, at first, some hesitation among senior Indonesian government officials whether or not to accept the American presidential invitation. The economic value of the visit seems to have more significance than the political aspect, so the go-ahead signal was...

Tasikmalaya still tense following communal riot

Tasikmalaya still tense following communal riot TASIKMALAYA, West Java (JP): The situation in the village of Cipatujah, Tasikmalaya regency in West Java was still tense after communal rioting in which 23 houses and two churches were destroyed and set ablaze on Monday. No fatalities were reported.

Catastrophe or curse?

Catastrophe or curse?From Koran TempoTerrorists attacks on the twin towers of the World Trade Center and the United States (U.S.) defense ministry building, the Pentagon, have really stunned the world. These might be the worst terrorist attacks that have ever been dealt the U.S.

Police capture burglars

Police capture burglars BOGOR (JP): Three out of seven burglars who robbed four Arabs, after tying them up at a house in the village of Teladan, Cisaru district last Thursday, have been captured by police.The suspects were arrested on Monday.The other suspects are still at large.

No longer business as usual

No longer business as usual The Indonesian government and the House of Representatives would only be deluding themselves if they thought the Sept. 11 terrorist attacks on the heart of the United States' financial industry would not adversely affect the U.S.

Clerics warn U.S. against retaliation

Clerics warn U.S. against retaliation MAKASSAR, South Sulawesi: Leaders of five religions called on the U.S. on Wednesday to refrain from taking excessive retaliatory measures against states it suspected of backing last week's terrorist attacks on America.

Transgenic cotton project to be reviewed

Transgenic cotton project to be reviewed MAKASSAR, South Sulawesi (JP): South Sulawesi governor HZB Palaguna said cessation of the genetically modified cotton project on a total of 4,462 hectares of land in seven regencies in the province was likely should the project hurt local farmers.

NPLs of recap banks improve to 15%

NPLs of recap banks improve to 15% by Berni K. Mustafa JAKARTA (JP): The government said on Wednesday the average nonperforming loans (NPLs) rate of recapitalized banks has improved to 15 percent as against over 20 percent last year, though still far off from Bank Indonesia's 5 percent year-end...

2002 customs earnings target hard to meet: Official

2002 customs earnings target hard to meet: Official by Tantri YuliandiniJAKARTA (JP): The higher target for the 2002 customs receipts will be difficult to achieve as more and more import tariffs will be cut to comply with the ASEAN Free Trade Area (AFTA), a senior official says.

Asian Currencies Mixed Late; Market Awaits Word On Bin Laden

Asian Currencies Mixed Late; Market Awaits Word On Bin Laden SINGAPORE (agencies): Asian currencies were mixed against the dollar Wednesday as investors digested the latest developments in the U.S. effort to force the extradition of suspected terrorist Osama Bin Laden.

BCA re-tender to start next week

BCA re-tender to start next week JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) expects to start the retender process for a 51 percent stake in Bank Central Asia (BCA) by early next week, according to a senior official at the agency.

'Officer has history of domestic violence'

'Officer has history of domestic violence' JAKARTA (JP): A domestic help supplier revealed on Wednesday that the mid-ranking naval officer whose maid committed suicide in his house earlier this month had employed seven maids from the agency within less than one year.

BCA retender to start next week

BCA retender to start next week JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) expects to start the retender process for a 51 percent stake in Bank Central Asia (BCA) by early next week, according to a senior official at the agency.

1. Bank (3x15)

1. Bank (3x15) Recapped bank NPLs improve to 15%: IBRA 2. Custom (3x12) 2002 customs earnings hard to meet: Official 3. Timah (2x30) Timah expects big losses in 2002 due to low price, illegal mining 4. Export (2x18) 2001 export target hard to meet: BPEN 5.

20 Western teams to face 13 from Asia

20 Western teams to face 13 from Asia KUALA LUMPUR (AFP): Twenty teams from Europe and the Americas have confirmed their entries in the Nations Cup at Royal Selangor Golf Club here next week, the Asian PGA announced Wednesday.They will face 13 nations from Asia from Sept.

Woman tried for alleged attempt of smuggling heroin

Woman tried for alleged attempt of smuggling heroin TANGERANG (JP): The Tangerang District Court began on Wednesday the hearing of a drugs case involving an Indonesian woman who is alleged to have attempted to smuggle one kilogram of heroin into the country from Thailand in June.

Students' trial turns chaotic

Students' trial turns chaotic JAKARTA (JP): The trial of two student activists in South Jakarta District Court turned chaotic as the defendants and their lawyers walked out after the presiding judge banned the students' supporters from entering the tightly guarded courtroom.

Where to go in Bali:

Where to go in Bali:Exhibitions* Painting Dua Sama Sisi by I Made Mahendra Mangku and I Made Galung Wiratmaja, Galeri Sembilan, Jl Anak Agung Gede Rai, Lodtunduh, Ubud, until Oct. 8. * Tantric Symbol by Peter Dittmar, Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010), 12 p.m.

China still to buy 30 planes

China still to buy 30 planes BEIJING (Reuters): China plans to go ahead with its planned purchase of 30 Boeing 737 aircraft although the signing of the deal had been delayed by the attacks on the United States, a government official said on Wednesday.

Rupiah Rates Sept.20

Rupiah Rates Sept.20 JP/11/ConversionRupiah Rates Sept.20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,181.00 10,181.00 9,633.00 9,729.00 Austrian schilling 1 616.83 684.39 647.20 654.01 Australian dollar 1 4,543.68 5,043.67 4,767.37 4,819.

Not business as usual

Not business as usual The Indonesian government and the House of Representatives would only be deluding themselves if they thought the Sept. 11 terrorist attacks on the heart of the United States' financial industry would not affect the U.S.

Tragedy of all nations

Tragedy of all nations It has been said that a picture paints a thousand words. The Jakarta Post is to be congratulated for publishing one such picture on the front page of its Sept. 15 edition, showing a group of Indonesian Muslim women mourning the tragic events in New York, Washington and...

Govt pledges to go for debt-for-nature scheme

Govt pledges to go for debt-for-nature scheme JAKARTA (JP): The government has vowed to pursue a debt-for- nature-and-development swap with foreign creditors to ease pressure on the state budget from debt-servicing and to benefit the environment.

Search gets underway for bin Laden in RI

Search gets underway for bin Laden in RI PURWOKERTO, Central Java (JP): The Banyumas Police have formed a special team to search for Osama bin Laden, the suspected mastermind behind the terror strikes on the United States, who is reportedly in Indonesia.

Disarm police: Army chief

Disarm police: Army chief JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto has called on President Megawati Soekarnoputri and the House of Representatives to disarm the National Police in enforcing the law and maintaining security.

Transgenic cotton project to be reviewed

Transgenic cotton project to be reviewed MAKASSAR, South Sulawesi (JP): South Sulawesi governor HZB Palaguna said cessation of the genetically modified cotton project on a total of 4,462 hectares of land in seven regencies in the province was likely should the project hurt local farmers.

Thai princess gets honorary degree

Thai princess gets honorary degree TOKYO (DPA): Tokyo's Gakushuin University conferred an honorary doctorate on Thailand's royal Princess Maha Chakri Sirindhorn on Wednesday, school officials said.The princess, a graduate of Bangkok's Chulalongkorn University, which has an agreement with Gakushuin...

Jakarta graves left left for dead

Jakarta graves left left for deadBy Annastashya Emmanuelle JAKARTA (JP): For many Jakartans "dead and buried" literally means being forgotten, as nearly half the graves in the city are reportedly neglected.

Passports of crime suspects withdrawn

Passports of crime suspects withdrawn JAKARTA (JP): The directorate general of immigration has withdrawn the passports of two prominent businessmen who have been declared suspects in a graft case and banned from overseas travel.