Indonesian Political, Business & Finance News

Archive: 4 September 2001

Showing 51-76 of 76 articles

Three shot in gambling raid

Three shot in gambling raid KENDARI, Southeast Sulawesi: Three people were injured when police opened fire while raiding an illicit gambling den at Polipolia market here over the weekend. Among those injured was a nine-year-old boy named Obed, who was shot in the back. The other two were identified as Siri, 60, who was shot in the arm, and Anju, 17, who was shot in the arm and chin. All three victims had nothing to do with the gambling activities. Kolaka Police Precinct chief Adj. Sr. Comr.

Officials silent over train crash

Officials silent over train crash CIREBON, West Java (JP): As the main railway station in Cirebon slowly returns to normal, railway officials are keeping quiet on the cause of the grisly accident that claimed 41 lives and injured 62 others on Sunday. A hospital sign asks visitors not to talk to Maftuchin, the wounded engineer of one of the ill-fated trains involved in the accident. Railway officials were silent when asked about the cause of the accident. "We don't have the authority to do so.

Ari's dossiers submitted to prosecutor

Ari's dossiers submitted to prosecutor JAKARTA (JP): Police submitted the dossiers on the detained grandchild of former president Soeharto, Ari Haryo Wibowo, or Ari Sigit as he is familiarly known, to the Jakarta Prosecutors' Office on Monday, an officer said. Jakarta Police spokesman Sr. Comr.

House delays decision on BCA divestment

House delays decision on BCA divestment JAKARTA (JP): The House of Representatives (DPR) delayed on Monday the decision as to whether or not it would endorse a new government plan to divest 51 percent shares in the publicly listed Bank Central Asia (BCA), saying it needed more time to study the proposal.

Khin Nyunt visit opens a new era

Khin Nyunt visit opens a new era By Marisa Chimprabha BANGKOK: Drug suppression, fishery development and mutual border patrols will be discussed during the visit of Burma's No. 3 leader. Many observers regarded the visit by Burma's Intelligence Chief Lt. Gen.

Vote count starts slowly in post-coup Fiji poll

Vote count starts slowly in post-coup Fiji poll SUVA (Agencies): Vote counting got off to a slow start on Monday in Fiji's first general election since last year's coup, election officials said. The first results are expected later in the day from the Ba district sugarcane stronghold of former prime minister Mahendra Chaudhry, an ethnic Indian ousted in the racially charged coup. "Everything is under control so far," said Tomasii Tui, assistant returning officer of elections.

ASEAN members told to unite against common problems

ASEAN members told to unite against common problems BANGKOK (AFP): Thai premier Thaksin Shinawatra told a meeting of Southeast Asian parliamentarians here Monday that regional governments needed to be "more united and sincere" in tackling their common problems. Thaksin opened the 22nd general assembly of the ASEAN Inter- Parliamentary Organisation (AIPO), a week-long conference where 250 delegates and observers will discuss security and cooperation among member states.

Autonomy law reviewed to save unitary state

Autonomy law reviewed to save unitary state The government is revising the law on regional autonomy in a move to reduce the negative impacts, contradictory to the unitary state principle. The following are excerpts from an interview given by Director General for Public Administration and Regional Autonomy Sudarsono to The Jakarta Post's Ridwan Max Sijabat. Question: Why has the government decided to review Law No. 22/1999 on regional autonomy?

National Police and Law No.22/1999

National Police and Law No.22/1999 From Media Indonesia The Law No.22/1999 on regional administrations has been put into effect. It was followed by the issuance of ministerial and regional regulations. The idea of locally generated revenue has caused a sense of euphoria. Efforts are being made to develop all sectors and resources to generate as much local revenue as possible.

New scoring system fails to invite ads: Official

New scoring system fails to invite ads: Official JAKARTA (JP): The badminton's new scoring system, which the Asian countries have asked badminton's world governing body, the IBF, to drop, has failed to lure advertisements as expected, a top official of the organization says.

Jiang gets warm welcome in North Korea

Jiang gets warm welcome in North Korea BEIJING (Reuters): China's President Jiang Zemin began a visit to North Korea on Monday, spurring hopes of progress towards elusive reconciliation on the Korean peninsula a day after Pyongyang said it would resume talks with Seoul.

KL eases rules to hasten restructuring

KL eases rules to hasten restructuring KUALA LUMPUR (AFP): Malaysia's Securities Commission on Monday relaxed guidelines on fund raising in a sweeping move to hasten restructuring for troubled companies amid weak market conditions.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Sep 3, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,450 -75 58,500 Adindo Foresta 105 0 0 AGIS 130 0 293,000 Akbar Indo Makmur 725 -50 46,500 Alakasa 250 -25 5,000 Alfa Retailindo 925 25 43,000 Alter Abadi 80 -5 11,000 Alumindo Light 625 0 5,500 Andhi Chandra 2,025 0 0 Aneka Kimia Raya 210 0 0 Aneka Tambang 1,000 0 1,524,000 Apac Citra 340...

RI eyes six golds from middle-and long-distance

RI eyes six golds from middle-and long-distance JAKARTA (JP): The Indonesian Amateur Athletics Association (PASI) is relying on its middle- and long-distance runners to meet its target of winning eight gold medals at the Kuala Lumpur 2001 Southeast Asian (SEA) Games, which begin on Saturday.

Thai woman caught smuggling heroin

Thai woman caught smuggling heroin TANGERANG (JP): Customs and excise officers managed to foil a drug trafficker's alleged attempt to smuggle 600 grams of heroin worth more than Rp1 billion (US$117,647) from Thailand to Indonesia through Soekarno-Hatta airport last Saturday morning, officials announced on Monday.

Govt reform: Chicken or egg?

Govt reform: Chicken or egg? By Meuthia Ganie-Rochman JAKARTA (JP): The keyword under post-Soeharto Indonesia has been "good governance," charming words since they were expressed with great expectations. Anyone or any party -- NGO activists, foreign agencies, bureaucrats, legislators, and now the business community -- who wanted to be recognized as taking part in making the new Indonesia must not forget to mention it. The bandwagon of good governance is getting longer.

119 immigrants escape

119 immigrants escape MATARAM, West Nusa Tenggara: At least 119 of the 251 Middle Eastern immigrants being held at a temporary quarantine center have escaped, according to police. Provincial police spokesman Adj. Comr. Tri Budi Pangastuti said that police had found it difficult to stop them from escaping. "They were determined to escape the quarantine center. They used many tactics to be allowed to go outside the facility," Pangastuti was quoted by Antara as saying.

Musical chairs results in PDI-P disharmony

Musical chairs results in PDI-P disharmony JAKARTA (JP): Internal friction within the Indonesian Democratic Party of Struggle (PDI Perjuangan) has been a major factor leading to the House of Representatives' commission II chairmanship vacancy. PDI Perjuangan Deputy Chairman Karl Lukas Degey told The Jakarta Post here on Monday that President Megawati Soekarnoputri had ordered the executive board to discuss the issue in the party's meeting on Tuesday.

Police hunting perpetrators of drive-by shooting

Police hunting perpetrators of drive-by shooting JAKARTA (JP): Having questioned at least 20 witnesses, police said on Monday that they were still in the dark about the perpetrators of Friday's drive-by shooting in South Jakarta, which injured a close ally of former president Abdurrahman Wahid. Jakarta Police chief Insp. Gen.

Illegal weapons seized in 'Sapu jagat' operation

Illegal weapons seized in 'Sapu jagat' operation JAKARTA (JP): Police have confiscated 16 firearms, 25 sharp weapons and 355 rounds of ammunition during two searches, code- named Sapu Jagat and Brantas Jaya 2001, that were conducted over the past two days, an officer said on Monday. City police chief Insp. Gen. Sofjan Jacoeb told a media briefing that the seizures were made during separate searches conducted in South Jakarta, Central Jakarta, West Jakarta, North Jakarta, Bekasi and Depok.

Kuwait to lend US$50 million to RI

Kuwait to lend US$50 million to RI JAKARTA (JP): The Kuwait government announced on Monday its intention to provide Indonesia with some US$50 million in soft loan to help finance the country's development projects. The Kuwait Embassy in Jakarta said in a brief statement that the soft loan was part of Kuwait's efforts to boost bilateral ties between the two countries. The statement also said that Ambassador Jamal Al Nesafi had met with President Megawati Soekarnoputri on Friday.

KONI provides airfares for SEAG chess players

KONI provides airfares for SEAG chess players JAKARTA (JP): The cash-strapped Indonesian chess team has been relieved of some financial problems in its commitment to the upcoming SEA Games where chess will be played as an exhibition event, as the National Sports Council (KONI) will pay for its air fares. The aid was unveiled here on Monday, just two days prior the team's departure to the event in Kuala Lumpur.

S. Korean assembly asks minister's resignation

S. Korean assembly asks minister's resignation SEOUL (Agencies): South Korea's national assembly turned against President Kim Dae-Jung on Monday by voting for the dismissal of his unification minister, a key figure in negotiations with rival North Korea. Only hours earlier North Korea sent an official offer to end a six-month freeze on contacts with South Korea in what was seen as an attempt to sway the vote in favor of the minister, Lim Dong- Won.

1. BI (3x15)

1. BI (3x15) BI won't rush to ease monetary policy: Miranda 2. Bima (3x14) Megawati to open Houston Energy Dialog conference in U.S. 3. Kuwait (2x14) Kuwait to lend US$50m to RI 4. Devalu (1x28) Mahathir rules out ringgit devaluation 5. Visa (2x20) Visa sees global slowdown to impact on card use 6. House (2x24) HK suspends subsidised housing amid sector woes 7. India (2x22) India may revise Air-India divestment plans 8. Kogas (2x16) Gas privatization plan on track: Korea 9.

Megawati urged to be more concrete on Aceh issues

Megawati urged to be more concrete on Aceh issues JAKARTA (JP): Activists here urged President Megawati Soekarnoputri on Monday to take more concrete measures in solving the conflict in Aceh, despite her planned visit this weekend to the province for a dialog.

Gas privatization plan on track: Korea

Gas privatization plan on track: Korea SEOUL (Dow Jones): South Korea's energy ministry said Monday it will split Korea Gas Corp.'s import and wholesale operations into three entities this year and pursue privatization of Kogas as planned. Two of the three split companies will be sold to the private sector by end-2002 through an auction, and Kogas will retain ownership of the remaining company, said the Ministry of Commerce, Industry and Energy, or Mocie, in a statement.