Indonesian Political, Business & Finance News

Archive: 25 September 2001

Showing 1-50 of 76 articles

Attacks on U.S. sharpen divisions in Malaysia

Attacks on U.S. sharpen divisions in Malaysia KUALA LUMPUR (AFP): Fallout from the terror attacks on the United States has sharpened political and religious divisions in Muslim-majority Malaysia, intense public debate showed on Monday. Conflict emerged over Afghanistan's call for an Islamic 'jihad' or holy war against the United States if it is attacked, as an opposition alliance here disintegrated over the question of an Islamic state.

Action urged against anti-U.S. groups

Action urged against anti-U.S. groups JAKARTA (JP): Legislators made an earnest appeal Monday to the police to act resolutely against those responsible for anti- American searches, while the later pledged to persist with their actions. "The police could either question or arrest them," Ibrahim Ambong, chairman of House Commission I for security and foreign policy affairs, told The Jakarta Post on Monday.

Sugarcane farmers blasts misuse of import facility

Sugarcane farmers blasts misuse of import facility JAKARTA (JP): Dozens of sugarcane growers staged a rally at the House of Representatives building on Monday, asking the government to annul the special low import duty facility enjoyed by certain companies, saying some of them had misused the facility by reselling imported sugar on the domestic market rather than using it as a raw material in manufacturing processes.

Law on digital signature urgent, minister says

Law on digital signature urgent, minister says JAKARTA (JP): Specific laws, such as a law on digital signature, are more in line with the public's immediate needs than a generic and comprehensive law for cyber crimes, a senior official has said. State Minister for Communications and Information Syamsul Muarif said on Monday that a generic law on cyber crimes was not needed immediately as they can be dealt with using existing laws.

Police urged to act firmly against radical Muslim groups

Police urged to act firmly against radical Muslim groups JAKARTA (JP): Legislators made an earnest appeal Monday to the police to act resolutely against those responsible for anti- American searches, while the later pledged to persist with their actions. "The police could either question or arrest them," Ibrahim Ambong, chairman of House Commission I for security and foreign policy affairs, told The Jakarta Post on Monday.

Sutiyoso pledges to get back Thousand Islands

Sutiyoso pledges to get back Thousand Islands JAKARTA (JP): Jakarta Governor Sutiyoso pledged on Monday to get back some islands in the Pulau Seribu (Thousand Islands group) which are currently been managed privately by certain conglomerates. "I agree that the islands should be returned to the city administration and managed by the administration itself," Sutiyoso told reporters.

Kidnapped foreigners freed

Kidnapped foreigners freed JAKARTA (JP): The police have released four Malaysians and a Singaporean that were kidnapped on Sept. 17, after being questioned. "They are no longer in police custody for questioning ... I believe they have been released," Jakarta police spokesman, Sr. Comr. Anton Bahrul Alam told The Jakarta Post. Four Malaysians, namely Tan Lam Chuan, Lee Shi Fai, Lo Wan Teng and Baljit Khaur, and a Singaporean, Win Son Chiang, were kidnapped on Sept.

East Kalimantan 'might rebel'

East Kalimantan 'might rebel' JAKARTA (JP): The natural resource-rich province of East Kalimantan could turn rebellious like Aceh and Irian Jaya if the central government continues to neglect development in the area, a local legislator warned. Deputy speaker of the East Kalimantan provincial legislative council Khairul Fuad said that, so far, local people had acted politely in demanding a larger share from locally-generated revenues.

Astra books Rp 966 billion in net profit

Astra books Rp 966 billion in net profit JAKARTA (JP): Publicly-listed PT Astra International said on Monday that it posted Rp 966 billion (about US$100 billion) in unaudited net profit at the end of July on the back of a staggering Rp 17.1 trillion in sales. The country's largest auto maker said that over the same period last year, it recorded total sales of Rp 15.2 trillion while enduring a net loss of Rp 806 billion.

JP/12/Cyber

JP/12/Cyber Law on digital signature urgent: Minister JAKARTA (JP): Specific laws, such as a law on digital signature, are more in line with the public's immediate needs than a generic and comprehensive law for cyber crimes, a senior official has said. State Minister for Communications and Information Syamsul Muarif said on Monday that a generic law on cyber crimes was not needed immediately as they can be dealt with using existing laws.

Cloud over BCA sales

Cloud over BCA sales The government divestment of Bank Central Asia (BCA), which is to be retendered this week, is supposed to be much more attractive than the first failed bidding in the middle of this year, because the offer has been sweetened with a larger stake and, most importantly, the political rot that hung over the economic outlook has been stopped by Megawati Soekarnoputri's rise to the presidency in late July.

Gus Dur loses defamation suit

Gus Dur loses defamation suit JAKARTA (JP): Central Jakarta District Court fined former president Abdurrahman "Gus Dur" Wahid Rp 500 million on Monday for damaging the reputation of the former secretary general of the now defunct forestry and plantations ministry. The fine was much less than demanded by the plaintiff, Soeripto, who had earlier asked for Rp 3.75 billion in damages.

RUPIAH

RUPIAH The rupiah ended weaker Monday as banks longed the U.S. dollar after a bomb blast over the weekend in a central Jakarta shopping mall. The bomb was the latest in a string of explosions to rock the capital and comes amid pressure from the U.S. to tighten security in the country. Indonesia Muslim groups have threatened to target U.S. interests in Indonesia if Washington takes retaliatory action against Afghanistan in connection with the Sept. 11 terrorist attacks.

Papuan rebels attack military post, two killed

Papuan rebels attack military post, two killed JAYAPURA, Irian Jaya: Fierce attacks by members of an Irian Jaya rebel group on the military post at the transmigration site in the district of Bonggo, forced 46 transmigrant families, comprising more than 200 people, to leave the site.

Oil-rich regencies protest oil and gas bill

Oil-rich regencies protest oil and gas bill JAKARTA (JP): Regents of oil producing areas protested on Monday an oil and gas bill which is expected to be passed into law next month. The Consultative Forum of Oil Producing Regencies chairman, Irianto M.S. Syaifuddin, said that the forum had demanded a role in formulating the national oil and gas policy and in supervising the implementation of the policy.

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

1. Seribu - 48 MM, 3 cols, 3 lines, 3x 15 Sutiyoso pledges to get back Thousand Islands 2. Kidnap - 28 NCSBI, 3 cols, 1 lines, 1x20 Kidnaped foreigners freed 3. Atrium - 36 NCSB, 4 cols, 2 lines, 2x20 Police suspect GAM behind Atrium bombing 4. Gusdur - 28 HBC, 2 cols, 2 line, 2x16 Gus Dur fined for defamation 5. JGW - 26 MM, 2 col, 2 lines, 2x18 KPKPN asked to warn councillors 6. Narco - 36 HBC, 2 cols, 2 lines, 3x12 'Little can be done with drug cases in schools' Focus: 3/4 biji

Jakarta Stocks

Jakarta Stocks Indonesian shares ended lower Monday led by selling in cigarette issues, but mild bargain-hunting in select blue chips lifted the main index from its intraday low, dealers said. Overall sentiment remained weak following another disappointing performance on Wall Street Friday, they added. The JSX Composite Index ended down 1 percent, or 4.033 points, at 410.394, up from its intraday low of 403.318. Decliners led gainers 76 to 17, with 82 stocks unchanged.

S. Korea to drum up support for W. Cup

S. Korea to drum up support for W. Cup SEOUL (AFP): South Korea is to send traditional musicians and its top organizer to Europe to promote next year's World Cup finals. The three groups of percussionists and drummers will perform in Rome on Sept. 27, Madrid on Oct. 1, Cologne, Germany on Oct. 3 and in Paris on October 5 when they will be joined by organizing committee co-chairman Chung Mong-Joon.

Soldiers to quell violence in Aceh: Minister of Defense Matori

Soldiers to quell violence in Aceh: Minister of Defense Matori Abdul Djalil said on Monday he had opted for the deployment of soldiers rather than police officers to rid the strife-torn province of Aceh of the campaign of violence launched by separatist rebels. Matori said at a hearing with Commission I for defense affairs of the House of Representatives that "It is better to confront armed members of the movement in Aceh with soldiers, not police officers".

Where to go in Bandung:

Where to go in Bandung: Bandung Art Event 2001: Collaborated arts show Eling by Jasa Sembiring, CCF - French Cultural Center, Jl. Purnawarman 32 (Phone:

2. Tour (3 X 14)

2. Tour (3 X 14) Global tourism takes a hit after U.S. attack 3. AIR ( 2 X 20) Asian govts bridge airline insurance gap 4. Infra ( 2X 24) S'pore, HK have best infrastructure in Asia 5. Launder (2X16) RP to rush passage of dirty money law 6. Doha ( 2X16) WTO talks chance slimmer: Supachai 7. OPEC ( 1 X 32) OPEC expected to keep output steady 8. IDC ( 1 X 24) Info security spending up 9. Thai (2 x 14) U.S. attacks hits Thai tourism 10. Rubber ( 2 x 14) Thailand resumes intervention

U.S. firms commit $2b in investment

U.S. firms commit $2b in investment By Fabiola Desy Unidjaja HOUSTON, Texas (JP): Giving hopes of an economic boost, American companies have made a commitment to invest more in Indonesia provided that the government can guarantee legal certainty and security.

Aceh

Aceh Matori opts for soldiers to quell violence in Aceh. Page 2 Island Sutiyoso pledges to get back Thousand Islands. Page 3 Golf Allenby wins Classic meet by three shots. Page 7 Batikmakers Asian culture inspires Poland's batikmakers. Page 8 Recession HK, KL to join S'pore, Taiwan in recession: ABN Page 10 Inflation Single digit inflation rate still possible: BPS Page 12

E. Kalimantan could become rebellious, warns legislator

E. Kalimantan could become rebellious, warns legislator JAKARTA (JP): The natural resource-rich province of East Kalimantan could turn rebellious like Aceh and Irian Jaya if the central government continues to neglect development in the area, a local legislator warned. Deputy speaker of the East Kalimantan provincial legislative council Khairul Fuad said that, so far, local people had acted politely in demanding a larger share from locally-generated revenues.

Rupiah Rates Sept.24

Rupiah Rates Sept.24 JP/11/Conversion Rupiah Rates Sept.24 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

KL, RI consider "open skies"

KL, RI consider "open skies" KUALA LUMPUR (AFX): The government is considering implementing the "open skies" concept with Indonesia, similar to Malaysia's recent agreement with Thailand, The Sun quoted Transport Minister Ling Liong Sik as saying. He said the matter was discussed with his Indonesian counterpart during his recent visit to Indonesia.

Farmers stage nationwide protest

Farmers stage nationwide protest JAKARTA (JP): In coincidence with the 41st National Agrarian Day, farmers in Jakarta, Mataram (West Nusa Tenggara), Medan (North Sumatra) and Maumere (East Nusa Tenggara) staged protests on Monday, with various demands being made.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept.24, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,275 -50 59,500 Adindo Foresta 105 15 1,000 AGIS 125 -10 338,000 Akbar Indo Makmur 600 0 0 Alakasa 215 0 0 Alfa Retailindo 825 -50 87,500 Alter Abadi 80 0 5,000 Alumindo Light 625 0 0 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 225 -5 760,000 Aneka Tambang 950 0 328,000 Apac Citra 300 0 0...

IBRA secures restructuring deals

IBRA secures restructuring deals JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Monday it had reached preliminary agreements with at least 242 debtors for debt restructuring schemes worth Rp 23.1 trillion (about US$2.43 billion). IBRA said the restructuring deals covered debtors with debts of below Rp 1 trillion. "At least 242 debtors have agreed to sign a memorandum of understanding for the restructuring of debts worth Rp 23.1 trillion," IBRA said in a statement.

Argolawu train hits minivan

Argolawu train hits minivan PURWOKERTO, Central Java: The Argolawu executive train bound to Jakarta from Surakarta hit a village minivan at a railroad crossing at Kedung Wuluh Lor village, Banyumas district, Central Java, at noon on Monday. No fatalities were reported. The minivan was totally wrecked after being dragged about 300 meters, eyewitnesses said. Local police chief Second Insp.

Revision to law on regional autonomy on track

Revision to law on regional autonomy on track JAKARTA (JP): The government is forging ahead with its plan to revise the law on regional autonomy, a statute which has given rise to many new and difficult issues, especially regarding the relationship between the central government and regional administrations. Minister of Home Affairs Hari Sabarno said the revision of Law No. 22/1999 was aimed at providing a realistic and consistent legal basis for the decentralization process.

48 civil servants receive award

48 civil servants receive award TANGERANG (JP): Some 48 civil servants of the Tangerang Land Agency (BPN) received the Satya Lencana Karya, an annual award from the President to anyone who has served a 10-year or 20-year term at any governmental institution. "Tangerang Mayor M. Thamrin presented the awards to the 48 civil servants after a flag-raising ceremony at the agency's compound on Jl.

Cirebon teacher found murdered

Cirebon teacher found murdered CIREBON, West Java: Dwija Sutisna, 57, a teacher at Swadaya Gunung Jati University School of Law was found murdered at his home on Sunday night, a press report said on Monday. Police found multiple stab wounds to his body and injuries to his neck that suggested he was strangled before being stabbed, Antara reported. The police investigation has focused on two guests that Dwija entertained on Sunday night.

RI coffee relieved as beans flow

RI coffee relieved as beans flow JAKARTA (Reuters): Indonesian farmers and middlemen have started to release coffee stocks on the back of firmer prices, bringing some relief to exporters scrambling for beans to cover nearby commitments, traders said on Monday. They said farmers needed the cash and were lured by the stronger prices, driven up by the recent weakening of the rupiah against the U.S. dollar.

Astra books Rp 966 billion in net profit

Astra books Rp 966 billion in net profit JAKARTA (JP): Publicly-listed PT Astra International said on Monday that it posted Rp 966 billion (about US$100 billion) in unaudited net profit at the end of July on the back of a staggering Rp 17.1 trillion in sales. The country's largest auto maker said that over the same period last year, it recorded total sales of Rp 15.2 trillion while enduring a net loss of Rp 806 billion.

The government is considering implementing the "open skies"

The government is considering implementing the "open skies" concept with Indonesia, similar to Malaysia's recent agreement with Thailand, The Sun quoted Transport Minister Ling Liong Sik as saying. South Korea's bankrupt Shinsung Tongsang Co. sold its Indonesian unit to PT Shinta Korintama of Indonesia for US$400 million, Hanvit Bank said Monday.

Prajogo questioned for third time

Prajogo questioned for third time JAKARTA (JP): The Attorney General's Office questioned business tycoon, Prajogo Pangestu, for the third time on Monday over his alleged involvement in a corruption case in a timber estate project in South Sumatra. Prajogo, accompanied by his lawyers Denny Kailimang and Rudy Lontoh, said that he was questioned over the embezzlement by PT Musi Hutan Persada (MHP), which allegedly caused the state Rp 331 billion in financial losses, Antara reported.

Depressed Estrada insists on innocence

Depressed Estrada insists on innocence SINGAPORE (AFP): Detained former Philippine president Joseph Estrada is "very depressed" ahead of his corruption trial next week but insists he will be vindicated, according to remarks published here on Monday. Businessmen friends who used to seek his favor are not visiting him in his hospital-prison, his knees are aching from arthritis and Estrada, who faces a possible death sentence, is still stunned at what has happened to him.

Taiwan's navy saves S'porean ship crew

Taiwan's navy saves S'porean ship crew TAIPEI (AP): A Taiwanese navy ship has saved 16 crew members of a Singaporean freighter that sank off southern Taiwan in rough seas. The "Delta-62" went under Sunday about 160 kilometers west of Kaohsiung in high waves as tropical storm Lekima approached the island, port officials said Monday. A Taiwanese navy vessel picked up the Singaporean captain and 15 other seamen who were in rafts. Two others were rescued by a passing freighter, officials said.

GECKO

GECKO BUSINESS: JP/Tokek Si Bedun, a native of Nganjuk, East Java, keeps a large number of geckos, which he sells to a restaurant. He says he sells hundreds of geckos a day at hundreds of thousands of rupiah. He recalls when a friend told him to collect the lizard as many as possible and sell them at a certain restaurant. "To my surprise. I find it very lucrative business selling gecko. I don't care if people like eating it or not. For me making money from gecko for my familiy."

Rupiah Rates Sept.24

Rupiah Rates Sept.24 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Apac invests in waste facility

Apac invests in waste facility JAKARTA (JP): Textile company PT Apac Inti Corpora has invested Rp 10 billion (about US$1 million) in a waste management and water treatment facility, a senior executive said on Monday. Apac director of finance Anas Bahfen said that about Rp 6.5 billion was used to operate two waste water treatment units with a capacity of 2,200 cubic meters of liquid waste per day, and a water recycling unit with a capacity of 1,600 cubic meters of water per day.

War on terrorism is not war on Afghanistan

War on terrorism is not war on Afghanistan By Meidyatama Suryodiningrat JAKARTA (JP): With the U.S. strike force ready to launch and the American public hungry for revenge, Washington looks set to escalate their war on terrorism into a war on Afghanistan. Supported by global grief from the attack on the World Trade Center and backed by UN Security Council Resolutions 1267 (1999) and 1368 (2001), Washington may contend to have the moral right to launch such a massive attack.

RP legislators to rush passage of anti-money laundering law

RP legislators to rush passage of anti-money laundering law DPA Manila Philippine legislators on Monday vowed to rush the passage of an anti-money laundering law to meet a deadline set by an international financial watchdog, which has threatened to impose economic sanctions for failure to do so. The Paris-based Financial Action Task Force (FATF) has given the Philippines until Sept.30 to pass a law curbing the flow of dirty money into the country or sanctions will be imposed.

Five die in Brunei bus crash

Five die in Brunei bus crash BANDAR SERI BEGAWAN (Reuters): A Japanese, a Malaysian and an Indonesian were among five people killed in Brunei on Monday when the bus they were traveling on collided with a car, a government official said.

JAKARTA (JP): With the U.S. strike force ready to launch and

JAKARTA (JP): With the U.S. strike force ready to launch and the American public hungry for revenge, Washington looks set to escalate their war on terrorism into a war on Afghanistan. 2. Economy -- 1 x 42 36pt optima bold Historic chance to reform the financial system By Larry Elliott LONDON: Three business executives turned up at Logan airport in Boston last Tuesday.

Hong Kong, Malaysia to join Singapore, Taiwan in recession: ABN Amro

Hong Kong, Malaysia to join Singapore, Taiwan in recession: ABN Amro SINGAPORE (AFP): Hong Kong and Malaysia will join Singapore and Taiwan in recession this year as a result of fallout from the terrorist attacks in the United States, Dutch-based bank ABN Amro said Monday. The Sept.11 attacks on the World Trade Center in New York and the U.S.' military headquarters at the Pentagon in Washington as well as an imminent U.S.

Men jailed for murder

Men jailed for murder TANGERANG (JP): Tangerang District court sentenced on Monday three men respectively to four years, one-and-a-half years, and one year in prison for committing murder. Presiding judge Achmad Zaini said the defendants, Suganda, alias Geber, 24, Mad Edih alias Jepang, 28, and Iyan Arfiani bin Madhuri, 23, residents of Pasar Kemis village, were found guilty of killing Holili, 34, on April 9 this year.

Hunters force birds to fly away from their homes

Hunters force birds to fly away from their homes By Singgir Kartana YOGYAKARTA (JP): From a distance, hundreds of birds flocking at the estuary of Progo river in Yogyakarta every afternoon forms a magnificent white streak across the blue sky. With its sand dunes and freshwater fish, the river, which is located on the border of Bantul and Kulonprogo regency, provides lavish feeding grounds for the birds, while various plants growing there make it an ideal place for them to nest.

JP/6/PBSI

JP/6/PBSI PBSI gives second stringers more opportunities JAKARTA (JP): Organizers of the US$30,000 Hong Kong Open badminton championships have invited four Indonesian shuttlers to take part in the event and have promised to cover all their expenses during the competition, which will run from Wednesday through Sunday. The Badminton Association of Indonesia (PBSI) has registered young shuttlers Ardiansyah and Sony Dwi Kuncoro in the men's singles and Dewi Tira in the women's singles.