Indonesian Political, Business & Finance News

Archive: 21 September 2001

Showing 51-87 of 87 articles

SKorea cuts growth estimate

SKorea cuts growth estimate SEOUL (AFP): South Korea's economy has come to a virtual standstill, with the central bank Thursday drastically revising down its previous third quarter growth estimate of 3.0 percent. The Bank of Korea (BoK) said gross domestic product (GDP) was now expected to expand by only 0.5 percent in the three months to the end of September, down year-on-year from 2.7 percent in the second quarter and 3.7 percent in the first. "We have not yet officially readjusted ...

'Antara' to hold photo exhibition

'Antara' to hold photo exhibition JAKARTA (JP): The National Antara News Agency is organizing a black and white photo exhibition under the theme Glory of the Past. A total of 30 photos are displayed from Sept. 19 to Sept. 23 at the Antara photo journalism gallery at Jl. Antara No. 59, Pasar Baru, Central Jakarta. The photos are of unfinished artwork and documentary photographs.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Environment 8:45 City News 10:00 Children's Song 11:00 Regional News 11:30 Music 12:00 p.m. News 1:00 Talk Show 2:00 News 2:30 Debating 3:30 Music 4:30 Children's Program 5:15 Religious Teachings 6:00 News 7:00 Dialog 8:00 Traditional Performance 9:30 Music 10:00 News 10:30 TV Drama 11:30 Puppet Show Program 2 5:30 p.m. Music 6:30 City News 7:30 News (in English) 8:30 Features TPI 5:30 a.m.

Protesters attack mayor's office

Protesters attack mayor's office PADANG, West Sumatra: More than 1,000 high school students protesting the dismissal of a principal attacked the offices of the mayor of Payakumbuh on Wednesday. Ten people, including a policeman, were injured and schools were closed for the rest of the day as tension gripped Payakumbuh. The students, from various junior and high schools in the town, were venting their anger at Mayor Darlis Ilyas, who had fired Ridwan Janur, the principal of SMU 2 high school.

Councillors demand Rp 4b life assurance

Councillors demand Rp 4b life assurance JAKARTA (JP): After courting controversy for recent trips abroad, the City Council has now asked the city administration to provide councillors, for the first time ever, with life assurance. "It's such a headache. The councillors have now demanded Rp 4.25 billion (US$472,222) for life assurance for the council's 85 members," a senior city official, who asked not to be named, told reporters here on Thursday.

1. BI (3x15)

1. BI (3x15) Bank Indonesia mulls lowering interest rate 2. Tax (2x28) World Bank urges Indonesia to do more on tax revenue 3. Beef (2x16) RI's beef imports to fall this year 4. KPPU (2x16) Flour importers criticize new policy 5. RP (2x16) PAL defers Boeing order plans 7. IMF (2x16) ABN AMRO keeps bin Laden family ties 8. Rate (2x24) Global rate cut seen as one-off show of solidarity 9. CA (3x12) Two foreign investors eye Chandra Asri: Govt

Advisory council deemed useless

Advisory council deemed useless JAKARTA (JP): Debate on the need to replace members of the 14- member Supreme Advisory Council (DPA) is fruitless due to strong criticism that its performance is ineffective, two noted observers have said. Constitutional law expert Harun Alrasyid reiterated on Wednesday that in the daily practice of state administration such an advisory council was not needed. "Public opinion says that the council is no longer needed.

RI's beef imports to fall this year

RI's beef imports to fall this year JAKARTA (JP): The country's beef imports are expected to reduce by 10 percent this year partly due to lower demand for imported beef amid higher prices in the international market, a senior executive of the Association of Indonesian Beef Importers (Aspidi) said on Thursday. Aspidi's chairwoman Frieda Nalapraya said the country's beef imports would fall to 22,500 tons this year, as compared to 25,000 tons last year.

Fugitive JSX bomber sent to Cipinang jail

Fugitive JSX bomber sent to Cipinang jail JAKARTA (JP): The Jakarta Stock Exchange bomber and grenade- thrower at the Malaysian Embassy, who escaped from military police detention in July, was brought to Cipinang Penitentiary on Wednesday night. Second. Corp. Ibrahim Hasan was escorted by Jakarta Military Police chief, Col. Subagja Jiwapraja to the penitentiary where he would occupy a tightly guarded cell.

Soldiers told to go back to barrack

Soldiers told to go back to barrack JAKARTA (JP): Observers call for prompt issuance of regulations which give a clear cut of functions of military and police to avoid overlapping functions which have frequently sparked conflicts between their personnel.

Indonesia sympathizes with U.S. people and government

Indonesia sympathizes with U.S. people and government The following is the address of President Megawati Soekarnoputri at the gala dinner in Washington D.C. on Wednesday, held by the United States-Indonesia Society during her visit to the U.S. WASHINGTON D.C.: Before all else, I invite you all to join me in observing a moment of silence in remembrance of those who lost their lives in their tragic events of Sept.

BI mulls lowering interest rates

BI mulls lowering interest rates by Tantri Yuliandini JAKARTA (JP): Bank Indonesia (BI) will allow its benchmark interest rate to decline if pressure on prices and the rupiah continue to lessen over the next couple of weeks, central bank deputy governor Miranda Goeltom said on Thursday. Miranda said that although Bank Indonesia would retain its tight money policy for the moment it was possible that reign over the policy would be considerably lessened in the near future.

AFC hails success of age limit ruling

AFC hails success of age limit ruling KUALA LUMPUR (Reuters): The Asian Football Confederation (AFC) said on Wednesday the decision to enforce an age limit on regional tournaments had been vindicated after the success of the South East Asian Games. Thailand won the soccer gold by defeating host Malaysia in the final of the event, the first to be played in the competition's 21-year history by teams made up entirely of players under the age of 23.

ADB president re-elected

ADB president re-elected MANILA (AFX-ASIA): Asian Development Bank said Tadao Chino has been re-elected as president of the bank for a new five-year term. Chino, 67, was gratified by the bank's board of governors' trust in him and pledged to "maximize ADB's contribution to freeing the Asia and Pacific region of poverty," ADB said in a statement. The bank said that under Chino's leadership, the ADB evolved a poverty reduction strategy that became its overarching goal.

World Bank urges RI to do more on tax revenue

World Bank urges RI to do more on tax revenue JAKARTA (JP): The World Bank urged the government on Thursday to step up its efforts in raising tax revenue to improve its debt repayment capacity and finance the development of public services. World Bank senior economist Bert Hoffman stressed the importance for Indonesia to secure internal funding for its budget.

Buoyed Monsanto says cotton project to continues

Buoyed Monsanto says cotton project to continues JAKARTA (JP): Buoyed by impressive initial results of its project in Indonesia, the local unit of Monsanto announced on Wednesday that it is continuing with controversial transgenic cotton farming in South Sulawesi. Hans Bijlmer, country director of the St. Louis-based transgenic-seed giant, said the company was forging ahead with the project, confident of continued government support.

Madiun Police chief discharged over clash

Madiun Police chief discharged over clash By Tarko Sudiarno MADIUN, East Java (JP): Madiun Police precinct chief Adj. Sr. Comr. Eddy Hariyanto was discharged on Thursday in a brief and modest ceremony, following last week's deadly clash which claimed three lives. The ceremony was led by the police chief of Madiun and its surrounding regencies, Sr. Comr. Saputro Satriyo, who appointed Adj. Sr. Comr. Ketut Argawa as acting chief of Madiun Police precinct. Sr. Comr.

Legislators admit to accepting gifts and cash

Legislators admit to accepting gifts and cash JAKARTA (JP): Members of the House of Representatives seemed adamant, when confronted with an alleged bribery case, that accepting gifts, cash and facilities from their colleagues was commonplace. Legislators interviewed by The Jakarta Post on Thursday said that the practice was considered acceptable because "practically everybody did it" and they knew they were beyond the reach of the law.

JAKARTA (JP): Observers have called for the prompt issuance of

JAKARTA (JP): Observers have called for the prompt issuance of regulations to clearly define the respective functions of the military and police so as to avoid the kind of overlapping that has frequently sparked conflicts between the two organizations.

Terrorism

Terrorism Amien calls for combined effort against terrorism. Page 2 Councillors Councillors demand Rp 4b life assurance. Page 3 IBRA Give IBRA chief enough time. Page 5 Soccer Zoff's off after latest Lazio failure. Page 7 Malay arts Preserving Malay arts through annual gathering. Page 8 Revenue WB urges RI to do more on tax revenue. Page 12

Where to go in Jakarta:

Where to go in Jakarta: Art Summit III * Dance, choreographer Boi G. Sakti (Indonesian), Graha Bhakti Budaya, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta, 8 p.m., Sept. 21 - 22. * Theater Mutiara dari Mesir by Elwarsha (Egyptian), Graha Bhakti Budaya, Taman Ismail Marzuki, 8 p.m., Sept. 23 - 24. * Theater N Riantiarno (Indonesian), Gedung Kesenian Jakarta, Jl. Gedung Kesenian No. 1, Central Jakarta (Phone: 3808283), 8 p.m., Sept. 25 - 26.

Mayor's wealth report questioned

Mayor's wealth report questioned TANGERANG (JP): A local legislator questioned the veracity of the wealth report submitted by the Tangerang mayor to the Wealth Audit Commission of State Officials. Ahmad Zailani, a legislator from the National Awakening Party (PKB) told Antara that mayor Moch Thamrin had houses and land at many locations, which are worth more than the Rp 3.2 billion (US$355,555) reported by the mayor to the commission. "Even my wealth is more than that.

Battalion not to go to Aceh

Battalion not to go to Aceh KARAWANG, West Java (JP): The Army's Strategic Reserves Command (Kostrad) chief, Lt. Gen. Ryamizard Ryacudu, said on Thursday that he would cancel the deployment of its Airborne Infantry Battalion 501 to Aceh following the deadly clash with police officers in Madiun, East Java.

Indonesia to the rescue against radicalism

Indonesia to the rescue against radicalism By Karim Raslan KUALA LUMPUR: Indonesia, the world's largest Islamic nation is a bastion of moderate Islam. In the rush to categorize and comprehend the causes behind the terrible loss of life in New York and Washington D.C., few have stopped to consider the republic's potential role for countering extremism. President Megawati Soekarnoputri's visit to the U.S.

Rupiah Rates Sept.20

Rupiah Rates Sept.20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

RP troops clash with MNLF, 12 killed

RP troops clash with MNLF, 12 killed ZAMBOANGA, Philippines (AFP): Twelve people were killed Thursday during a gunfight between soldiers and former Moro separatist rebels in the southern Philippines city of Marawi, the military said. Ten of the dead were civilians and the two others were former members of the Moro National Liberation Front (MNLF), army Col. Antonio Seville said. The gunmen claimed six soldiers were also killed but this could not be independently confirmed.

2 bodies found from boat crash

2 bodies found from boat crash BANJARMASIN, South Kalimantan: Two of six passengers missing from a boat collision on the Barito river on Tuesday have been found dead, police said on Thursday. Deputy chief of South Kalimantan Marine Police Adj. Comr. Kasmolan said that the two bodies found on Thursday morning were of Manahan and Herry. He said that three of the nine people on board the motorized boat were rescued when the boat struck an anchored tug boat on Tuesday night.

KDEI aids export to Taiwan

KDEI aids export to Taiwan JAKARTA (JP): The Indonesian Commerce and Economy Body (KDEI) has launched various programs to help boost Indonesian exports to Taiwan, KDEI said in a statement on Thursday. The programs include promotion of Indonesian products in Taiwan, providing greater information and expanding export commodities. KDEI said there was plenty of room to improve trade relations between the two countries.

No international terrorist link in Indonesia: MUI

No international terrorist link in Indonesia: MUI JAKARTA (JP): The Indonesian Ulemas Council (MUI) denied on Thursday international media reports that various Islamic organizations in Indonesia had become part of global terrorist networks. "The media reports are slanderous and I know they have no evidence to back their allegations," MUI chairman Nazri Adlani said in Canberra, as quoted by Antara.

Can cycle of violence end?

Can cycle of violence end? By Omar Halim JAKARTA (JP): The awful and tragic scenes of billowing smoke, huge balls of orange flames, falling people and the ultimate crumbling of the structures of what used to be the World Trade Center manifested once more how violent the human race can be. Thousands of innocent people were killed.

Suwandi not fit, slimming RI Davis Cup chances

Suwandi not fit, slimming RI Davis Cup chances JAKARTA (JP): With doubts hanging over main singles player Suwandi's fitness, the Indonesian tennis team's chances in the Asia-Oceania relegation play-off match against China look slim. The tie, to be played at the Kemayoran tennis complex, begins on Friday, with Peter Handoyo drawn to take on Yu Zhang in the first singles. Suwandi will be up against Zu Beng Qiang. The visiting team is led by Ma Ke-Qin.

Two bombs found at Bitung port

Two bombs found at Bitung port MANADO, North Sulawesi: Two homemade bombs were found by a longshoreman in front of the terminal gate of Samudera Bitung seaport on Thursday. Riton Jafar said he was surprised to find the homemade bombs, and quickly reported the finding to the Port Police. Chief of the Port Police Adj. Comr. Milke Mukuan arrived on the scene with members of the bomb squad. An officer told The Jakarta Post that the bombs were ready to explode.

Rupiah Rates Sept.20

Rupiah Rates Sept.20 JP/11/Conversion Rupiah Rates Sept.20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Councillors demand insurance of Rp 4 billion

Councillors demand insurance of Rp 4 billion JAKARTA (JP): After courting controversy for recent trips abroad, the City Council has now asked the city administration to provide councillors, for the first time ever, with life insurance. "It's such a headache. The councillors have now demanded Rp 4.25 billion (US$472,222) for life insurance for the council's 85 members," a senior city official, who asked not to be named, told reporters here on Thursday.

Killing continues in Aceh

Killing continues in Aceh BANDA ACEH, Aceh: A member of the Dewantara Subdistrict Military Command, Sgt. Maj. Muhammad Jai, and his wife were found dead in Blang Panjang village in Muara Dua subdistrict, North Aceh regency, on Thursday. Military spokesman in Lhokseumawe Lt. Col. CHB Firdaus confirmed the two deaths, saying that the bodies had gunshot wounds and bruises, Antara reported.

Foreign investors eye Chandra Asri, official says

Foreign investors eye Chandra Asri, official says JAKARTA (JP): Two foreign investors have expressed interest in acquiring government stakes in the financially ailing PT Chandra Asri Petrochemical Center, which could end the petrochemical giant's long and complicated debt restructuring effort. Secretary of the Financial Sector Policy Committee (FSPC), Syafruddin A.

Buoyed Monsanto says cotton project continues

Buoyed Monsanto says cotton project continues JAKARTA (JP): Buoyed by impressive initial results of its project in Indonesia, the local unit of Monsanto announced on Wednesday that it is continuing with controversial transgenic cotton farming in South Sulawesi. Hans Bijlmer, country director of the St. Louis-based transgenic-seed giant, said the company was forging ahead with the project, confident of continued government support.