Indonesian Political, Business & Finance News

Archive: 3 September 2001

56 articles found

Perhutani vows to preserve forests

Perhutani vows to preserve forestsBy Damar Harsanto JEPARA, Central Java (JP): State-owned timber company PT Perhutani has reiterated its commitment to manage its teak forests in Central Java sustainably following American certification body Rainforest Alliance's (RA) move to revoke its ecolabeling...

Ananda wins again in Croatian Formula 3 race

Ananda wins again in Croatian Formula 3 race JAKARTA (JP): Indonesian Formula Three driver Ananda Mikola of the RC Sports-Prost Grand Prix Junior team booked his second victory at the Central European Zone Formula 3 Championship in Croatia's Grobnik circuit on Saturday.

Experts demand transparency over acquisition of KPC

Experts demand transparency over acquisition of KPCBy Mochammad N. Kurniawan SAMARINDA, East Kalimantan (JP): Experts said on Saturday that PT Intan, which has been appointed by the East Kalimantan administration to finance the planned acquisition of coal mining giant PT Kaltim Prima Coal (KPC),...

Common people always suffer

Common people always sufferFrom Sinar PagiThe 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.

Sinepec, BP plan giant JV

Sinepec, BP plan giant JV BEIJING (AFP): China Petroleum and Chemical Corp (Sinopec) and BP Chemicals plan to build a petrochemicals complex by 2005 that is expected to be the largest of its kind in Asia, the China Daily said Saturday.

Free contraceptives sold in Bengkulu

Free contraceptives sold in Bengkulu BENGKULU: Contraceptives, which were originally to be distributed freely to low income families, were sold in a number of drugstores in Bengkulu despite clear identification denoting that they were not for sale.

Tangerang court needs more space

Tangerang court needs more space TANGERANG (JP): Tangerang District Court is seeking financial assistance to expand its building.Judges often have to postpone hearings since the court only has one main courtroom and four smaller ones, district court chief Haogoaro Harefa told The Jakarta Post on...

1. Coffee 3X15

1. Coffee 3X15 Lampung traders import coffee from VietnamJP/10/CoffeeJAKARTA (JP): Many coffee growers and exporters prefer to keeping their coffee beans in the storehouses because of continued lower price, forcing several exporters to import the commodity to cover their export obligations, the...

Youth gang kills soldier in brawl

Youth gang kills soldier in brawl PALU, Central Sulawesi: An Army sergeant of the Tadulako military command in Palu, was shot in the head on Sunday morning following a brawl with a group of local youths and died later in the afternoon.

Where to go in Jakarta:

Where to go in Jakarta:Art Summit III * Balinese Traditional Music: Gugatan Bambu Bali by I Nyoman Windha, Gedung Kesenian Jakarta, Jl. Gedung Kesenian No. 1, Central Jakarta (Phone: 3808283), 8 p.m., Sept. 2. * Music: Swara Genta by A.L. Suwardi (Indonesian), Gedung Kesenian Jakarta, 8 p.m., Sept.

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This editorial designed for the Sept.3 (Monday) issue. vin;JP;VIN; ANPAk..r.. ~BCA-Sales-Controversy JP/4/Editorial Sept.3,01 BCA strategic sale The government's commitment to sell a 51 percent controlling stake in publicly listed Bank Central Asia (BCA) before the end of this year, as stipulated...

UOB clinches bank merger

UOB clinches bank merger SINGAPORE (AFP): United Overseas Bank (UOB) has clinched Singapore's biggest bank merger after getting 90 percent shareholder acceptances from a smaller rival, in the process surpassing DBS Bank as the largest domestic lender.

City ready to take over PPD after debt problems solved

City ready to take over PPD after debt problems solved JAKARTA (JP): City administration said it was ready to take over the management of state-owned public bus operator PPD, providing the Ministry of Transportation clears the company's huge debt.

1. 11Market 3X15

1. 11Market 3X15Rupiah to remain stable this week, say analysts2. 11Wall 2X16 Wall Street sell-off sparks new concerns 3. hair 1X32P&G admits spying on rival Unilever4. 11micro 1X27Court asked to reject MS appeal 5. 11forest 1X28Perhutani vows to preserve forests6.

Teachers' strike

Teachers' strikeFrom RepublikaI am very much concerned as well as disappointed about the teachers' strikes occurring in various regions such as Purbalingga, Bengkulu, Muna, Padang, Semarang and Madiun.I realize how hard their duty is and how glorious their struggle is in educating our youths while...

3.6t of marijuana destroyed in Aceh

3.6t of marijuana destroyed in Aceh BANDA ACEH, Aceh: Police in Aceh province destroyed on Saturday some 3.6 tons of dried marijuana, which had been seized as evidence in drug raids during the period between 1996 and 2001.Comr.

Cirebon train crash kills 41, injures 62

Cirebon train crash kills 41, injures 62 CIREBON, West Java (JP): At least 41 people were killed and another 62 were injured after an incoming passenger train rammed into a locomotive in the railway station here early on Sunday.

Official denies plan to build new costly crisis center

Official denies plan to build new costly crisis center JAKARTA (JP): City administration spokesman Muhayat denied here on Saturday that the administration would develop a new crisis center or improve its current crisis control center (Pusdalsis), which would cost billions of rupiah.

Haze problems continue in C. Kalimantan

Haze problems continue in C. Kalimantan JAKARTA (JP): Haze from forest fires in Central Kalimantan has shown no signs of abating, prompting the provincial government to call on residents to wear face masks.

BCA strategic sale

BCA strategic sale The government's commitment to sell a 51 percent controlling stake in publicly listed Bank Central Asia (BCA) before the end of this year, as stipulated in the Aug. 27, 2001, letter of intent (LoI) with the International Monetary Fund (IMF), will be the first test of President...

1. BCA:

1. BCA: 1 x 27 48 pt NCSB BCA: Major deal of the year By Vincent Lingga JAKARTA (JP): Barring opposition from the House of Representatives, the strategic sale of 51 percent of Bank Central Asia (BCA) could become the deal of the year. 2.

RP governor survives ambush

RP governor survives ambush ZAMBOANGA, Philippines (AFP): Four government militias were wounded on Sunday when 30 gunmen believed to be Muslim separatists ambushed a provincial governor's convoy in the southern Philippines, the military said.

RP economy to grow 3.3%

RP economy to grow 3.3% MANILA (AFP): The Philippine government is confident of hitting its target of 3.3 to 3.8 percent economic growth this year, officials said Saturday, following surprisingly strong growth in the three months to June.

NGOs must face up to challenges to win back credibility

NGOs must face up to challenges to win back credibilityBy Zaim Saidi JAKARTA (JP): The non-governmental organizations (NGOs) in Indonesia have grown as a response to the technocratic, top-down development approach taken by the government.

Many people with asthma not aware of the ailment

Many people with asthma not aware of the ailment JAKARTA (JP): Amid the significant prevalence of asthma in the country, many people afflicted by the ailment are not aware of it, physicians said here on Sunday.

Constitution

Constitution MPR criticized over commission for constitution amendment Page 2 PPD Jakarta administration ready to take over PPD Page 3 Making BCA the deal of the year Page 4 Formula 3 Ananda wins again in Croatian Formula 3 Page 7 Computers U.S.

Lampung traders import coffee from Vietnam

Lampung traders import coffee from Vietnam JAKARTA (JP): Many coffee growers and traders are keeping their coffee beans in storehouses due to low prices, forcing several exporters to import the commodity to cover their export obligations, the Association of Indonesian Coffee Exporters (AEKI) said.

Useful tips for taking a taxi

Useful tips for taking a taxi Criminal behavior involving taxi drivers robbing their passengers is on the increase in the city. Take, for example, the woman who was robbed and raped in North Jakarta. Novi of Cipinang Muara and Dian of Rawamangun were also recently robbed by their taxi driver.

U.S. steelmakers file anti-dumping case

U.S. steelmakers file anti-dumping case WASHINGTON (AFP): U.S. steel manufacturers filed an anti- dumping case Friday demanding duties of up to 304 percent against producers in 11 countries and charging five governments with extending illegal subsidies.Lawyers for the U.S.

West Sumatrans want spin-off be realized

West Sumatrans want spin-off be realized PADANG, West Sumatra (JP): West Sumatran prominent public figures and the provincial legislative council have urged President Megawati to pay serious attention to their demand for the spin-off of cement company PT Semen Padang from parent PT Semen Gresik.

Legislators' performance

Legislators' performanceFrom Bisnis IndonesiaI am really sad to see the current attitudes of members of the House of Representatives who seem to be repeating the very same mistakes made by former president Abdurrahman Wahid's administration.

Indonesia's education system 'worst' in Asia: Survey

Indonesia's education system 'worst' in Asia: Survey SINGAPORE (AFP): Indonesia has the worst education system in Asia, according to a new survey of foreign business executives working in 12 countries in the region.

Two fires in Jakarta

Two fires in Jakarta JAKARTA (JP): Fires occurred in two areas on Saturday night but no fatalities were reported.Firefighters said the first fire occurred at about 9 p.m. in Manggarai's Sawah Lunto subdistrict in South Jakarta and the second one on Jalan Ancol Raya, North Jakarta broke out close to...

2002 growth target within reach: Economists

2002 growth target within reach: Economists JAKARTA (JP): Noted economists expressed optimism that given the current relatively stable political condition, the 2002 economic growth target of "less than five percent", as recently indicated by Coordinating Minister for the Economy Dorodjatun...

Terrorist threat a concern in RI

Terrorist threat a concern in RI JAKARTA (JP): A senior U.S. official warned on Saturday of international terrorists entering Indonesia amid the increasing flow of illegal Middle Eastern immigrants to Indonesia.

Security, other ties tabled at Southeast Asia meet

Security, other ties tabled at Southeast Asia meet BANGKOK (AFP): Politicians from all over Southeast Asia converged on Bangkok on Sunday for a conference aimed at shoring up regional security and boosting cooperation.

What became of the SAAR?

What became of the SAAR? With regard to the claim made by the Overseas Private Investment Corporation (OPIC), the government has decided to go back to the terms of reference earlier agreed upon. Minister of Finance Boediono said yesterday (Thursday) in Jakarta that the new agreement regarding the...

Bali air show

Bali air show Referring to the news report in The Jakarta Post of Aug. 23, 2001 edition entitled Bali to host international air show, I would like to make some corrections of inaccuracies found in the report.It was written: "...

BCA strategic sale

BCA strategic sale The government's commitment to sell a 51 percent controlling stake in publicly listed Bank Central Asia (BCA) before the end of this year, as stipulated in the Aug. 27, 2001, letter of intent (LoI) with the International Monetary Fund (IMF), will be the first test of President...

Ragunan Orchid Garden: A mecca for orchid fans

Ragunan Orchid Garden: A mecca for orchid fans JAKARTA (JP): Where can you find thousands of colorful blooming orchids? Don't bother going to Puncak, West Java. You can find them here at Ragunan Orchid Garden on Jl. Harsono R.M. near the Ragunan Zoo in South Jakarta.

BCA: Major deal of the year

BCA: Major deal of the yearBy Vincent Lingga JAKARTA (JP): Barring opposition from the House of Representatives, the strategic sale of 51 percent of Bank Central Asia (BCA) could become the deal of the year.

KL steps up patrols to fight human-smuggling

KL steps up patrols to fight human-smuggling KUALA LUMPUR (AFP): Malaysia has intensified patrols along the Malacca Strait and is working closely with Indonesia and Australia to fight people-smuggling, a senior official said on Sunday.

Mahathir says militants forming Islamic states

Mahathir says militants forming Islamic states KUALA LUMPUR (AFP): A militant Islamic unit in Malaysia has formed a pact with other groups in Indonesia and the Philippines to establish Islamic states in the three Southeast Asian countries, Prime Minister Mahathir Mohamad said.

Cultural observer Dick Hartoko dies

Cultural observer Dick Hartoko dies SEMARANG (JP): Former editor of the respected Basis cultural magazine, Dick Hartoko, 79, died here on Saturday.Dick who was also a scholar and a Catholic priest was buried in Ungaran on Sunday.

Best education system

Best education systemBest education system (Average Score) Rk Country Score1. South Korea 3.092. Singapore 3.193. Japan 3.504. Taiwan 3.965. India 4.246. China 4.277. Malaysia 4.418. Hong Kong 4.729. Philippines 5.47 10. Thailand 5.96 11. Vietnam 6.21 12. Indonesia 6.

RI education worst in Asia: Survey

RI education worst in Asia: Survey SINGAPORE (AFP): Indonesia has the worst education system in Asia, according to a new survey of foreign business executives working in 12 countries in the region.Japan, Singapore and South Korea ranked the best, and as a result they have the highest quality labor...

Creditors set to move ahead with aid package for Hynix

Creditors set to move ahead with aid package for Hynix SEOUL (AFP): South Korean banks are ready to push ahead with a new rescue package for Hynix Semiconductor Inc. despite haggling over how to avert the collapse of the stricken microchip giant, reports said Sunday.

Megawati will express empathy with Acehnese

Megawati will express empathy with Acehnese JAKARTA (JP): Minister of Defense Matori Abdul Djalil acknowledged that President Megawati Soekarnoputri would bring nothing concrete to resolve the Aceh problems in her planned visit to Aceh, but she would just express her empathy to the Acehnese, who...

Sculptor Ketut Winata balances both real and surreal worlds

Sculptor Ketut Winata balances both real and surreal worldsBy Kafil Yamin BANDUNG (JP): There is an unseen reality and unseen space that surrounds human life. Not all men, however, are able to perceive how this unseen space is related to their world.

Constitution

Constitution MPR criticized over commission for constitution amendment Page 2 PPD Jakarta administration ready to take over PPD Page 3 Making BCA the deal of the year Page 4 Formula 3 Ananda wins again in Croatian Formula 3 Page 7 Computers U.S.

'Bung' Hatta has broad outlook

'Bung' Hatta has broad outlookFrom TempoBung Hatta was a fatherly figure who had a broad outlook, was steadfast and displayed self-control. It was proven when he resigned from the vice presidency, as he was in disagreement with Bung Karno, the first president of the Republic of Indonesia.

Police council to unveil officers' probe results

Police council to unveil officers' probe results JAKARTA (JP): The Honorary Council of Police Officers (DKP) will announce either on Monday or Tuesday a final report on its investigation over eight middle-ranking officers, who are alleged to have violated the police code of ethics, a police...

MPR under fire over commission on constitution

MPR under fire over commission on constitution JAKARTA (JP): The People's Consultative Assembly (MPR) has been criticized for its reluctance to respond to President Megawati Soekarnoputri's idea to establish an independent commission tasked to amend the Constitution.

Insecurity complex clouds Indonesia-East Timor ties

Insecurity complex clouds Indonesia-East Timor tiesBy Kusnanto Anggoro JAKARTA (JP): In her state-of-the-nation address before the legislature on Aug. 16, President Megawati Soekarnoputri stated that Indonesia recognized the secession of East Timor.

SIA withdraws bid for stake in Air India

SIA withdraws bid for stake in Air India NEW DELHI (AFP): Singapore Airlines (SIA) has withdrawn its bid for a stake in state-run Air India, one of several national firms earmarked for privatization, a report said Saturday.

Rupiah to remain stable this week, say analysts

Rupiah to remain stable this week, say analysts JAKARTA (JP): The rupiah will remain stable during the whole of this week despite fears that the currency would continue to be under pressure from the U.S.