Indonesian Political, Business & Finance News

Archive: 28 September 2001

Showing 51-87 of 87 articles

Beddu blames Soeharto

Beddu blames Soeharto JAKARTA (JP): Former State Logistics Agency (Bulog) chief Beddu Amang has blamed former president Soeharto for a land swap deal that caused some Rp 95.4 billion in state losses. "It was the (former) president's order, I only did my job," Beddu told the South Jakarta District Court on Thursday. The deal was made in 1995 between Bulog and PT Goro Batara Sakti. Soeharto's son, Hutomo "Tommy" Mandala Putra, was an executive of the company.

Amien warns against resorting to jihad

Amien warns against resorting to jihad JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais warned Muslims in Indonesia not to easily resort to jihad (holy war) against the United States unless it proceeded with its aggression threat on Afghanistan in a blind rage. "Don't be that easy to wage jihad unless if we have comprehensively understood that jihad in the sense of a holy war is a small part of jihad in a broader meaning," Amien was quoted by Antara as saying on Thursday.

The government's Semen Gresik dilemma

The government's Semen Gresik dilemma By Vincent Lingga JAKARTA (JP): The cash-starved government will raise almost Rp 5 trillion (US$520 million) if it exercises a put option to sell its 51 percent stake in the Semen Gresik cement holding company to Mexico's Cemex before Oct. 26.

Polysindo to complete restructuring

Polysindo to complete restructuring JAKARTA (JP): The country's largest integrated textile producer PT Polysindo Eka Perkasa, a member of the debt-ridden Texmaco Group, is hoping to finalize its debt restructuring program with the Indonesian Bank Restructuring Agency (IBRA) by year-end. "The negotiations between the company and IBRA are still underway. I'm hoping we can achieve a debt settlement agreement by the end of the year," Tunaryo, the company's corporate secretary, said on Thursday.

On diphtheria

On diphtheria Referring to the article New diphtheria strain alters vaccine policy published in The Jakarta Post on Aug. 18, 2001, I would like to make some clarifications to avoid any misunderstanding among our readers. Diphtheria is an acute, toxin-mediated disease caused by Corynebacterium diphtheriae. The most common sites of infection are the tonsils and the pharynx, and a higher percentage of carriers are found among children below 15 years of age.

Terrorism

Terrorism Rights activists concerned over terrorism agency. Page 2 Housemaid Housemaid recruitment agencies to be raided. Page 3 Semen Gresik The Semen Gresik dilemma. Page 4 Soccer Lazio and Arsenal suffer Champions League woes. Page 7 Sculptors Jakartan sculptors keep tradition alive. Page 11 Telecoms Govt to lower telecoms construction target. Page 12 Italy Italian PM in deep trouble over undiplomatic remarks. Page 14

Six Taiwanese arrested in Bitung

Six Taiwanese arrested in Bitung BITUNG, North Sulawesi: Bitung immigration office in North Sulawesi has arrested six Taiwanese for violating immigration regulations, an official said on Thursday. Mulyono, head of the Bitung immigration office, said that the six, who did not have adequate immigration documents, mainly temporary stay permits, were arrested as they repaired one of the ships confiscated by the National Police at Bitung port.

1. Mega (3x15)

1. Mega (3x15) Megawati told to regain lost market confidence 2. Phone (2x21) Govt to lower telecoms construction target 3. Gov (2x18) House to choose BI deputy governors in Oct. 4. Sel (3x8) Telkomsel expands network 5. Poly Polysindo to complete restructuring 6. BII (2x18) Mandiri sets pricing scheme for BII takeover 7. US (2x18) U.S. jobless claims surge to more than 9-year high

Tension high after raid on VCD vendors in Glodok

Tension high after raid on VCD vendors in Glodok JAKARTA (JP): Tension was high in the Glodok area in Kota, Central Jakarta, on Thursday, after Taman Sari Public Order Officers demolished VCD vendors' stands along the road during a raid on the vendors on Wednesday night. On Thursday morning vendors gathered in front of the Glodok Electronics Mall to retaliate against the officers, but police personnel from Taman Sari Police subprecinct managed to subdue them. Police also closed Jl.

Activists in

Activists in fret over antiterrorist agency Muhammad Yazid The Jakarta Post in Jakarta The Indonesian Military chief's proposal to establish a new antiterrorist agency has sparked fear among human rights activists of a resurrection of the New Order regime's dreaded internal security agency (Kopkamtib). The activists warn that if the plan materializes, the agency would allow widespread human rights abuses to be carried out by the state in the name of security.

Government to lower telecoms construction target

Government to lower telecoms construction target JAKARTA (JP): The government will lower the target for the country's telecommunications development to a more realistic level, bearing in mind that the country has yet to overcome its economic crisis, a senior official has said.

Mandiri sets pricing scheme for BII takeover

Mandiri sets pricing scheme for BII takeover JAKARTA (JP): State-owned Bank Mandiri said on Thursday that the acquisition price of Bank Internasional Indonesia (BII) depended on how much capital BII needed to meet the minimum capital adequacy ratio (CAR) requirement of 8 percent. Bank Mandiri president E.C.W Neloe said his bank would buy BII at an amount that would bring BII's CAR to 8 percent. "We haven't started discussions on the price ...

Maan takes one shot lead at Epson Cup 2001

Maan takes one shot lead at Epson Cup 2001 BOGOR, West Java (JP): Maan Nasim took a one-stroke lead over Anthony Sinclair of Australia after the first round of the Rp 370 million (US$38,900) Epson Cup at the Jagorawi Golf and Country Club in Bogor, West Java, on Thursday. The tournament is organized by the Jagorawi Japan Golf Foundation (JJGF) and is fielding 95 participants, comprising 57 local professionals, 6 foreign invitees and 29 amateurs.

Women trafficking rampant, law enforcement weak

Women trafficking rampant, law enforcement weak JAKARTA (JP): Trafficking in women is rampant here due to inadequate legal instruments and weak law enforcement, a researcher said on Thursday. Johnna Debora Imelda, a University of Indonesia scholar who has carried out research related to this issue, said that many criminals involved in the offense were untouched by the law, despite what they had done.

Mall Daan Mogot (25,000 sq meter) in West Jakarta, Plaza Glodok

Mall Daan Mogot (25,000 sq meter) in West Jakarta, Plaza Glodok (26,000 sq meter), Central Jakarta, ITC Cempaka Mas (65,000) sq meter), extended section of Pasaraya Grande, South Jakarta, and Plaza Cibubur (9,000 aq meter), southern part of Jakarta.

Govt to lower telecoms construction target

Govt to lower telecoms construction target TANTRI YULIANDINI The Jakarta Post Jakarta The government will lower the target for the country's telecommunications development to a more realistic level keeping in mind that the country has yet to overcome its economic crisis, a senior official said.

Sculptors stick to what they know in Jakarta

Sculptors stick to what they know in Jakarta By Yusuf Susilo Hartono JAKARTA (JP): A statue of a goddess, playing a mandolin in a standing position wearing a transparent dress with her long hair blown by the wind welcomes visitors at Taman Ismail Marzuki's Galeri Cipta in Central Jakarta. The statue -- made of fiber glass and twice the size of a normal human being has been created by 58-year-old Suhartono H.

Arabs demand Italy's apology on racist remarks

Arabs demand Italy's apology on racist remarks Agence France-Presse Cairo CAIRO (AFP): The Arabs demand an apology from the Italian government after Prime Minister Silvio Berlusconi made "racist" remarks about Western civilization being superior to Islam, the Arab League chief said Thursday. "I consider his remark as racist and by such a remark, he has crossed the limits of reasons and decency," Amr Mussa said, expressing "indignation" at what Berlusconi had said.

Rupiah Rates Sept.27

Rupiah Rates Sept.27 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

JP/4/BANYU

JP/4/BANYU World Islamic body must reject harboring of terrorists By Anak Agung Banyu Perwita ADELAIDE, Australia (JP): Debate is growing following the U.S.'s controversial plan of "retaliation" against terrorists. The Muslim world is also divided, with those saying the U.S. must be more cautious and others implying support for the prime suspect, Osama bin Laden, and his suspected protector, Afghanistan.

Comfort women demand government attention

Comfort women demand government attention JAKARTA (JP): A group of elderly women forced by Japanese soldiers to be comfort women in the period between 1942 and 1945 reiterated their demand on Thursday that the government pay attention to their fate. "I was raped by three Japanese soldiers when I was 15. My father and brother were sent away to work as romusha (forced laborers) for protecting me and my mother," said 74-year-old Suratmi.

Higher pay won't curb graft: Tamin

Higher pay won't curb graft: Tamin Petrus Sugiyo The Jakarta Post in Jakarta A debate on the fight against corruption practices has surfaced again as two ministers and legislators differ in their concepts on how to eradicate the fraudulent conduct. State Minister of Administrative Reforms Feisal Tamin said on Thursday he was among those who distrusted opinions that higher salaries would curb corruption.

Railway authority seize 1060 fake tickets

Railway authority seize 1060 fake tickets PURWOKERTO, Central Java: Official at PT KAI, that manages the railway operation here, said on Thursday that the company had arrested three suspects and confiscated 1060 fake tickets at a railway station in Kutoarjo, about 100 kilometers east of the city. The fraud was firstly known by a ticket checking-staff when he and security staffs on their duty checking the passengers' tickets.

The Microsoft case

The Microsoft case Although somewhat obscured by the specter of an anti-terrorist war that is hanging over the world in the wake of the Sept. 11 terrorist attack in the United States, it is nevertheless no exaggeration to say that the verdict that was passed by the West Jakarta District Court last Monday constitutes a milestone for jurisprudence that could have serious implications for Indonesia.

Telkomsel expands network

Telkomsel expands network JAKARTA (JP): Mobile telephone network provider PT Telkomsel announced on Thursday it was entering into cooperation with four mobile telephone vendors -- Nokia, Motorola, Siemens and Ericsson -- for network expansion across Indonesia, a senior executive said. Telkomsel's corporate communications manager Azis Fuaedi said on Thursday that the cooperation was established to ensure the company's services could reach all parts of the country.

RI to maintain rice duty

RI to maintain rice duty JAKARTA (Reuters): Indonesia said on Thursday it would keep its 30 percent import duty on rice until at least next year. "We won't increase or lower the duty, at least until next year," Minister of Agriculture Bungaran Saragih told reporters. "The import duty matters are still being studied by the government." He did not give any further details. Farmers have been urging the government to raise the duty to help curb imports.

Raids to deal

Raids to deal with women trafficking Emmy Fitri The Jakarta Post in Jakarta The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution. The decision was made on Thursday following a crackdown on an agency in Mangga Besar, Central Jakarta, and Cempaka Bar in Pejagalan, North Jakarta, on the previous day.

U.S. citizens allowed to leave

U.S. citizens allowed to leave JAKARTA (JP): Because of rising security threats against Americans in the country, the U.S. government warned its citizens on Thursday to defer travel to Indonesia and allowed all its nonessential personnel to leave the country. The U.S. State Department said in a travel notice, the second issued this week, that all American citizens in Indonesia should consider their personal security situations and if necessary consider leaving the country. U.S.

NGOs against U.S. planned attack

NGOs against U.S. planned attack KUALA LUMPUR (DPA): A group of Malaysian non-governmental organizations (NGOs) urged the United States on Thursday not to launch military strikes against Afghanistan to avenge the Sept. 11 terror attacks in New York and Washington. Calling themselves the Global Peace Mission, the 23 NGOs, which included Muslim, Christian and Buddhist organizations, handed over a memorandum addressed to U.S. President George W. Bush through the U.S. embassy in Kuala Lumpur.

Policeman shot in Kupang clash

Policeman shot in Kupang clash KUPANG, East Nusa Tenggara: Six people, including Adj. Brig. Imanuel, a member of the East Nusa Tenggara police Mobile Brigade, were shot on Wednesday evening in a clash between security officers and East Timorese refugees in front of the local police headquarters. Three of the five refugees shot in the incident were identified as Fransiskus da Costa, Aloysius Maria and Tome de Araujo, Sr. Comr. Edward Pakasi, spokesman of the Kupang police, said on Thursday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 27, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,200 0 25,000 Adindo Foresta 100 0 0 AGIS 120 0 547,500 Akbar Indo Makmur 500 25 1,000 Alakasa 215 0 0 Alfa Retailindo 825 0 55,000 Alter Abadi 75 -5 50,000 Alumindo Light 575 -50 500 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 230 10 175,000 Aneka Tambang 950 0 2,225,000 Apac Citra 275 20 61,000...

Promoting economic cooperation with Indonesia

Promoting economic cooperation with Indonesia Promoting economic cooperation between two nations By Dr. Yul Kwon Economic relations between Indonesia and Korea have expanded significantly over the past decades. Corresponding to Indonesia's potential as one of the largest emerging markets, Korea's trade with Indonesia has been growing remarkably and the attractiveness of Indonesia as an investment location for Korean companies has consolidated the economic relationship between the two countries.

Madurese, Dayaks need government mediation

Madurese, Dayaks need government mediation JAKARTA (JP): The government had stopped short of playing a mediatory role in efforts being made to reconcile Central Kalimantan's indigenous Dayaks and Madurese migrants, a Dayak community leader announced on Wednesday. K.M.A. Usop said the government could have played a better role to deal with the ethnic conflict, which has displaced thousands of Madurese families from Central Kalimantan.

Housemaid recruitment agencies to be raided

Housemaid recruitment agencies to be raided JAKARTA (JP): The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution. The decision was made on Thursday following a crackdown on an agency in Mangga Besar, Central Jakarta, and Cempaka Bar in Pejagalan, North Jakarta, on the previous day.

Japan rules out debt haircut possibility

Japan rules out debt haircut possibility By Fabiola Desy Unidjaja and Kornelius Purba TOKYO (JP): Japanese Prime Minister Junichiro Koizumi told visiting President Megawati Soekarnoputri here on Thursday that Japan could under no circumstances accede to a request for debt relief as this would run contrary to Japanese law.

Council approves revised city budget

Council approves revised city budget JAKARTA (JP): All factions of the City Council have approved the revised city budget of Rp 8.14 trillion (US$856.8 million) for 2001, an increase of 8.6 percent from about Rp 7.5 trillion approved last December. Some Rp 5.51 trillion of the budget will be allocated for routine expenditure, while the balance will be for development expenditure.

JAKARTA (JP): The police are planning to raid housemaid

JAKARTA (JP): The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution. The decision was made on Thursday following a crackdown on an agency in Mangga Besar, Central Jakarta, and Cempaka Bar in Pejagalan, North Jakarta, on the previous day.