Indonesian Political, Business & Finance News

Archive: 21 March 2002

75 articles found

Raising funds for Golkar?

Raising funds for Golkar? By helping out Dadang Sukandar and Winfried Simatupang -- two Golkar functionaries -- to return Rp 32.5 billion to the state of Indonesia, Akbar Tandjung's supporters are simply acknowledging that the Rp 40 billion was clearly misused. Habibie said that he ordered the funds from the State Logistics Agency (Bulog) to serve the goal of poverty alleviation in some areas of Indonesia in 1999.

Police seize smuggled logs

Police seize smuggled logs CIREBON, West Java: Cirebon Police in cooperation with a team from National Police Headquarters have arrested six ships in Cirebon port loaded with 3,700 cubic meters of smuggled logs worth Rp 1.5 billion. Cirebon Police chief, Adj. Comr. Siswandi confirmed the arrest of the vessels on Wednesday, saying that it was part of a police operation to crack down on smuggled logs transiting the port.

Indonesia turns back on VOC, but not its memory

Indonesia turns back on VOC, but not its memory Leo Wahyudi S, The Jakarta Post, Jakarta Once upon a time, this metropolitan we call Jakarta, was known as Batavia, one of the jewels of the Dutch East India Company's (VOC) operations during the 17th and 18th Centuries. Thus, perhaps it was of little surprise that most residents here passed the day Wednesday -- willfully or not -- oblivious to the fact that it marked the 400th anniversary of the founding of the aggressive trading company.

Political parties and their leaders' plight

Political parties and their leaders' plight Frank Feulner, State -- Civil Society Adviser, United Nations Support Facility, For Indonesian Recovery (UNSFIR), Jakarta Indonesia's national politics have been affected by the ongoing economic crisis and major social conflicts simmering throughout the country. The 1999 elections were a historic milestone, but democratization does not end with general elections.

Sustainable development expo

Sustainable development expo JAKARTA: Indonesia will hold an international exhibition titled World Sustainable Development Expo 2002 in Nusa Dua, Bali from June 4 to June 7. The exhibition will be held in conjunction with a meeting of the Fourth Preparatory Committee Meeting (PrepCom) for the Ministerial Level World Summit on Sustainable Development at the same venue from May 27 to June 7, Erna Witoelar, chairperson of the PrepCom committee, said on Wednesday.

IBRA seeking additional assets from Sinar Mas

IBRA seeking additional assets from Sinar Mas Dadan Wijaksana, The Jakarta Post, Jakarta The Indonesian Bank Restructuring Agency (IBRA) is seeking additional assets from the Sinar Mas Group because the value of assets pledged last year is still less than the required amount. IBRA chairman I Putu Gede Ary Suta said on Wednesday that the agency had recently completed the appraisal of the assets.

Spotlight

Spotlight Photo A: Sharp Sharp Yasonta Antarnusa TWO MILLIONTH UNIT: (From left to right) PT Sharp Yasonta Antarnusa president commissioner Martua R. Panggabean, president director Sharp Yasonta Antarnusa K. Okunaka, Sharp Corporation Japan senior executive director Kumagai and general manager Home Appliances T. Sone, cut a ribbon marking the production of the two millionth Sharp refrigerator in Indonesia. The ceremony was held in Jakarta on March 13.

Double murder could shatters peace in Maluku

Double murder could shatters peace in Maluku Octovianus Pinontoan, The Jakarta Post, Ambon A Christian man and his daughter have been stabbed to death in Maluku, in yet another setback for peace in the province. Local security authorities were on Tuesday searching for the killers of Alexander Tuaasa, 46, and his 15-year-old daughter Metti Tuaasa, both residents of Hative Besar village in the subdistrict of Teluk Ambon Pakuala. Maluku Police chief Brig. Gen.

ASEAN to adopt new harmonized tariff system this year

ASEAN to adopt new harmonized tariff system this year Adianto Simamora The Jakarta Post Jakarta The Association of South East Asian Nations (ASEAN) plans to implement its own harmonized tariff system this year as part of efforts to further boost intra-regional trade, according to Director General of Customs and Excise Permana Agung.

RI researchers receive grants

RI researchers receive grants JAKARTA: Two senior scholars from the National Institute of Sciences (LIPI) are among six Indonesians who have been granted funds by the Nippon Foundation Fellowship/Asian Public Intellectuals (API) to enable them to conduct studies in neighboring countries. The LIPI researchers, Mohammad Azzam Manan and Anas Saidi, join Slamet Trisutomo of Hasanuddin University in the South Sulawesi capital of Makassar, as the new Indonesian senior fellows of the foundation.

Bali sacred textile nears extinction

Bali sacred textile nears extinction Alit Kertaraharja, Contributor, Singaraja, Bali Famous for its intricate textile designs, Bali is now facing problems in preserving its centuries-old textile traditions. One of the oldest and most sacred textile designs, the Bebali ceremonial cloth is rarely seen anymore because only a few weavers are willing to produce the cloth.

Embassy considers bailing out Indonesians

Embassy considers bailing out Indonesians The Jakarta Post, Jakarta Indonesian Embassy officials in Manila are discussing the possibility of paying US$4,000 to secure bail bonds for three Indonesian nationals arrested in the Philippines, Minister of Foreign Affairs Hassan Wirayuda said on Wednesday.

Excessive fear on fundamentalism harmful: Scholar

Excessive fear on fundamentalism harmful: Scholar A'an Suryana, The Jakarta Post, Jakarta Needlessly excessive fear over Islamic fundamentalism will only deepen political cleavages within Indonesia's pluralistic society, scholars warned on Wednesday. The factional rifts were susceptible to sectarian and political conflicts which could, eventually, pose danger to the consolidation of democracy in this country, according to noted Indonesian political expert R. William Liddle.

1. TENUN, 1 line, 35 counts

1. TENUN, 1 line, 35 counts Bali sacred textiles nears extinction

Gulf Indonesia budgets US$40m to explore

Gulf Indonesia budgets US$40m to explore Nick Edwards, Reuters, Hong Kong Indonesian oil and gas firm Gulf Indonesia Resources Ltd., whose onshore wells in Sumatra are drying up, said on Wednesday it would spend up to US$40 million a year to find fresh reserves after striking oil in Java last year. "We intend to spend $120 million this year, plus or minus, and getting on for a third of that would be for exploration.

Tirta has yet to earn a point for the Indonesian juniors

Tirta has yet to earn a point for the Indonesian juniors Musthofid, The Jakarta Post, Jakarta Tirta Chandra established a slightly better position in the opening stage of his chess game in the Japfa Chess Match against Alexandra Kosteniuk here on Wednesday, but a weak move in the middle of the game left him on the losing side. The two players were involved in the Accepted Queen's Gambit game at the VOC Cafe and Gallery in North Jakarta.

Seawater intrusion worsens drinking water quality

Seawater intrusion worsens drinking water quality The Jakarta Post, Jakarta Seawater intrusion has caused the salinization of groundwater as far as the National Monument (Monas) in Central Jakarta and is starting to adversely affect the quality of the city's drinking water, said Minister of Resettlement and Regional Infrastructure Soenarno on Wednesday.

Southeast Asian countries must be more proactive, scholar urges

Southeast Asian countries must be more proactive, scholar urges The Jakarta Post, Jakarta Southeast Asian countries should focus on "strategic engagement" with regional neighbors and Europe, rather than traditional "non-interference", a leading European scholar said on Wednesday.

House fails to meet legislation target

House fails to meet legislation target Kurniawan Hari, The Jakarta Post, Jakarta A lack of discipline coupled with political rivalry among legislators has led to a failure by the House of Representatives (DPR) to meet its target of completing the deliberation of 24 bills before a recess period begins on March 29. House Speaker Akbar Tandjung pledged at the outset of the current session term on Jan.

Pilgrims go to Bali's magical Nusa Penida

Pilgrims go to Bali's magical Nusa Penida Tri Vivi Suryani, Contributor,, Nusa Penida, Bali A dark cave teeming with hundreds of bats and large snakes may not seem like an attractive place to visit. It is not a cave belonging to Batman, but Pura Goa Giri Putri in Nusa Penida Island, some 40 kilometers east of Denpasar, where Hindus frequently make a pilgrimage to seek spiritual enlightenment.

N. Sumatra tobacco workers threaten boycott over pay

N. Sumatra tobacco workers threaten boycott over pay Apriadi Gunawan, The Jakarta Post, Medan Protesting plantation workers in North Sumatra have threatened to block an upcoming tobacco auction if their state-owned employer does not increase wages. About 21,000 employees of PT Perkebunan Nasional (PTPN) II have accused the firm of paying less than the legal minimum wage.

Fire guts garment factory

Fire guts garment factory BOGOR: A garment factory caught fire on Monday, allegedly due to an electrical short circuit. Fire destroyed the building, owned by CV Mulya Utama, located in Sindangsari village in Bogor regency, causing losses of hundreds of millions of rupiah. An employee said that the fire started at 9 a.m., originating from the employers' boarding rooms on the second floor of the factory.

IFC ends legal dispute with POF

IFC ends legal dispute with POF Berni K. Moestafa, The Jakarta Post, Jakarta The World Bank's commercial financing arm, the International Finance Corporation (IFC), said it had reached a deal with wayward debtor PT Panca Overseas Finance (POF), ending a legal dispute that had turned into an indictment of Indonesia's unpredictable legal system.

Public vehicles permits suspended

Public vehicles permits suspended JAKARTA: Head of the Jakarta Transportation Agency Rustam Effendi said his office has suspended the operational permits of at least 15 city buses and minivans for various violations. Some of them operated on unofficial routes, some others could not present complete documents, while the rest unlawfully increased tariffs. Rustam said the licenses were suspended following a three-day operation that ended on Wednesday.

Dodi to be quizzed over Beddu case

Dodi to be quizzed over Beddu case JAKARTA: National Police Headquarters is to question suspect Raden Dodi Sumadi for allegedly embezzling tens of billions rupiah that were to be used to help former head of the State Logistics Agency (Bulog) Beddu Amang escape prosecution. National Police director of general crimes Brig. Gen. Aryanto Sutadi said on Wednesday that Beddu had lodged a complaint against Dodi, who was to act as a middleman, for breach of promise.

Indonesia's GDP seen up at 3.41% in 2002

Indonesia's GDP seen up at 3.41% in 2002 Reuters, Jakarta Indonesia is seen posting growth of 3.4 percent in 2002 and 4.0 percent in 2003 due to the increasingly stable political backdrop and an improved global outlook, according to a Reuters poll of 10 research houses. "We are optimistic 2002 and 2003 GDP growth will be higher (than 2001) as improved political stability should boost investment and domestic consumption," said Fauzi Ichsan, an economist at Standard Chartered Bank in Jakarta.

Pakistan coach backs more TV help for umpires

Pakistan coach backs more TV help for umpires Meanwhile in Karachi, Pakistan cricket coach Mudassar Nazar and former coach and team captain Javed Miandad have backed the International Cricket Council's move to increase the use of technology to aid umpiring decisions. "Umpires are under a lot of pressure due to the increased intrusion of television in coverage of their decisions," Nazar told Reuters on Wednesday. "If any technology can be helpful to cricket, it can't be bad.

White-collar crime pays

White-collar crime pays Contrary to appearances, Indonesia essentially remains a haven for white-collar criminals, particularly corruptors. The government may appear to be upping the ante against corruptors, making several arrests of high-profile public figures here and there over the past few weeks, but its record of actually putting big-time corruptors behind bars is dismal. Recent developments suggest the government has finally gotten down to the business of going after big-time corruptors.

EC to fund ASEAN energy projects

EC to fund ASEAN energy projects JAKARTA: The European Commission (EC) and the Association of South East Asian Nations (ASEAN) have set up a joint program to facilitate anywhere from 50 to 60 specific projects in the energy sector across the Southeast Asian region. ASEAN Center for Energy (ACE) executive director Guillermo R. Balce said on Wednesday that a total of 31.5 million euros (US$27.7 million) worth of funds would be provided for five years.

Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 20, 2002

Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 20, 2002 ------------------------------------------------------------------ Shares Close Change Volume ------------------------------------------------------------------ Ades Alfindo 1,175 50 422,000 Adindo Foresta 65 0 380,000 AGIS 135 15 4,802,000 Akbar Indo Makmur 220 -5 15,000 Alakasa 175 0 0 Alfa Retailindo 725 0 57,500 Alter Abadi 50 0 0 Alumindo Light 650 0 15,500 Andhi Chandra 335 0 0 Aneka Kimia Raya 500 0 0 Aneka Tambang...

KL to grant amnesty to illegals

KL to grant amnesty to illegals MALAYSIA: Kuala Lumpur will grant an amnesty with immediate effect to thousands of illegal immigrants, mainly Indonesians, if they surrender voluntarily, according to a report on Wednesday. "They will be allowed to return home without being punished," Chor Chee Heung, the Malaysian deputy home minister was quoted as saying by the New Straits Times newspaper.

Singapore offers best quality of life

Singapore offers best quality of life Reuters, Hong Kong Expatriates living in Asia have ranked Singapore as offering the best quality of life for the second year running in contast to Indonesia, which came in last at number 12, local newspapers reported on Wednesday. Thailand was second, followed by China, Malaysia and Taiwan, with Hong Kong falling to a distant sixth, according to the latest survey by the Political and Economic Risk Consultancy, which was made available to some local media.

Councillors to clarify role in congress

Councillors to clarify role in congress Asip A. Hasani, The Jakarta Post, Yogyakarta Leaders of the country's provincial legislative councils are to convene a two-day congress in Yogyakarta on Friday, with the main demand being for an affirmation of their role in autonomous regions. Totok Daryanto, a member of the committee organizing the local legislators' second congress, said the roles of provincial governments as well as provincial legislative councils were not clearly specified in Law No.

Lift decree on temporary oil workers, says Minister

Lift decree on temporary oil workers, says Minister Moch. N. Kurniawan, The Jakarta Post, Jakarta Turning his attention to the fate of hundreds of thousands of workers in the country's oil and gas sector, Minister of Manpower and Transmigration Jacob Nua Wea has called for the revocation of a ministerial decree which allows oil and gas companies to employ workers on a temporary basis for up to 20 years. Jacob criticized Ministerial Decree No. 5/1995 as failing to respect workers as human beings.

3 x 16

3 x 16 Double murder could shatter peace in Maluku Council 1 x 30 Councillors seek to clarify role in congress PTPN 2 x 20 N. Sumatra tobacco workers threaten boycott over pay asap 2 x 20 Haze blamed for five deaths in horror crash clash 2 x 20 Brothel guard killed by police in Yogya brawl

Where to go in Bali:

Where to go in Bali: Exhibition * Painting Opposite Attraction by Charles Cham, Ganesha Gallery, Four Seasons Resort, Jimbaran Bay, Nusa Dua, 10 a.m. to 6 p.m., (Tel.

Councillors admit getting fund from city budget

Councillors admit getting fund from city budget Bambang Nurbianto, The Jakarta Post, Jakarta In the last two days, Jakartans have followed events unfolding after the Jakarta Residents Forum (Fakta) Azas Tigor Nainggolan alleged that Governor Sutiyoso had bribed city councillors to accept his 2001 budget speech.

Electoral laws cannot be sped up: Government

Electoral laws cannot be sped up: Government Annastashya Emmanuelle, The Jakarta Post, Jakarta The government has rejected a demand by the General Election Commission that it speed up the drafting of key political laws, saying only the bills will be ready by the end of the year. Coordinating Minister for Political and Security Affairs Susilo Bambang Yudhoyono said after a limited Cabinet meeting on Tuesday that the government intended to finalize the bills promptly.

Activists hold rally to mark reform failure

Activists hold rally to mark reform failure The Jakarta Post, Jakarta Hundreds of activists, skeptical about the government's effort to protect the people's rights, held a rally in Jakarta on Wednesday, expressing disappointment that the reform era failed to curb state violence against civilians.

* Headlines: Militiamen acquitted of murder charges 2

* Headlines: Militiamen acquitted of murder charges 2 * Opinion: Political parties and their leaders' plight4 * City: Councillors admit getting fund from city budget 6 * Archipelago: Double murder could shatter peace in Maluku 7 * National: Electoral laws cannot be sped up: Govt 8 * World: Bombing in Israel poses threat to truce 10 * Business: Lift decree 'on temporary oil workers' 11 * Features: Pilgrims go to Bali's magical Nusa Penida15 * Sports: Liverpool and Barcelona head into last eight...

SUBJECT: ADVERTORIAL

SUBJECT: ADVERTORIAL COMPANY: Borobudur Hotel Klub Borobudur: The right place to keep you fit and healthy Most people have their own theories about what makes a gym or fitness center special, and most of the theories are correct; It's the pampering, the exercise, the facilities and the equipment. At Klub Borobudur, the staff establish good relationships with members.

Asian currencies mixed late, leads rupiah to post gains

Asian currencies mixed late, leads rupiah to post gains Irene Kwek, Dow Jones, Singapore Asian currencies were mixed late Wednesday after a day of rangebound trading, despite a hint from the U.S. Federal Reserve that its aggressive rate cutting cycle could soon reverse. The Indonesian rupiah and Thai baht ended higher against the U.S. dollar, while the Philippine peso closed lower tracking the yen's losses. The Singapore dollar and New Taiwan dollar were little changed.

TV Program: Thursday, March 21, 2002

TV Program: Thursday, March 21, 2002 TVRI 5:00 a.m. Religious Teachings 6:00 News 8:30 Children's Program 9:00 Cartoon 10:00 News 11:00 Regional News 11:30 Music 12:00 p.m. News 1:00 Talk Show 3:00 News 3:30 Cartoon 5:00 News 6:00 News 7:00 Talk Show 9:00 News 9:30 Music: Country Road 11:00 Debating TPI 5:30 a.m. Religious Teachings 6:00 News 7:00 Music 8:00 TV Drama 9:00 Indian Film 12:00 p.m.

Haze blamed for five deaths in horror crash

Haze blamed for five deaths in horror crash Apriadi Gunawan, The Jakarta Post, Medan An early morning collision involving a bus and a people carrier, which claimed the lives of five people, occurred in thick haze caused by forest fires in central Malaysia and Riau.

Dual positions

Dual positions From Rakyat Merdeka There has been much argument about the dual positions of our national leaders. The governor of the National Resilience Institute, Ermaya Suryadinata, has suggested that government officials who also hold positions on the executive board of a political party should appoint other people to carry out their party jobs so that they can concentrate on their governmental duties.

Villa construction

Villa construction in Puncak area From Kompas As reported in this newspaper on Feb. 8, Vice President Hamzah Haz has called for a halt to construction in Puncak, West Java. This is heartening news for the public. The construction of houses in Puncak benefits only tycoons and a small group of people. It is disadvantageous to the public.

Brothel guard killed by police in Yogya brawl

Brothel guard killed by police in Yogya brawl Asip A. Hasani, The Jakarta Post, Yogyakarta One person was shot dead and another was severely injured in a fracas early on Wednesday morning in the resort city of Yogyakarta between five police Mobile Brigade (Brimob) members and a group of people. The fatal clash took place in the city's Pasar Kembang red light area. The dead man was identified as Waludi alias Klowor, a 37-year old resident of Tegalrejo village.

Megawati agrees to boost peace in Korea

Megawati agrees to boost peace in Korea Annastashya Emmanuelle, The Jakarta Post, Jakarta President Megawati Soekarnoputri has responded positively to South Korea's request that she play an active role in boosting peace in the Korean peninsula, Minister of Foreign Affairs Hassan Wirayuda said on Tuesday. Hassan said the President would attempt to bring North Korea back to the peace negotiation table with South Korea and the United States in her visit to Pyongyang at the end of this month.

Japan pledges loan for suspended projects

Japan pledges loan for suspended projects Ainur R Sophiaan and Moch. N. Kurniawan, The Jakarta Post, Surabaya/Jakarta The Japanese government has promised to provide a US$1.3 billion loan to revive several large projects in Java that were suspended several years ago due to the economic crisis.

Sampang regent faces 20-year term

Sampang regent faces 20-year term SAMPANG, East Java: Sampang Regent Fadhilah Budiono could be facing a 20-year prison sentence if convicted of involvement in embezzling rice aid for the poor worth Rp 1.8 billion, a senior prosecutor said. The head of the East Java High Prosecutor's Office, Heru Mustofa, said that prosecution authorities would bring the regent's case before the court as part of what he termed a "combined trial" in Sampang, a regency of Madura island in East Java province.

1. NUSA, 1 line, 35 counts

1. NUSA, 1 line, 35 counts Pilgrims go to Bali's magical Nusa Penida

To the forestry minister

To the forestry minister From Koran Tempo At the request of the forestry minister, a document on the agreement between the forestry ministry's director general of forest protection and conservation and the deputy chief of the National Police in charge of operations on the execution of a joint operation code-named Wanalaga Operation under No. 1342/J- I/LH/2001 and No. Pol B/01/XII/2001, was signed on Dec. 21, 2001, by the National Police chief and the forestry ministry. On Nov.

World Bank's arm ends legal dispute with POF

World Bank's arm ends legal dispute with POF Berni K. Moestafa, The Jakarta Post, Jakarta The World Bank's commercial financing arm, the International Finance Corporation (IFC), said it had reached a deal with wayward debtor PT Panca Overseas Finance (POF), ending a legal dispute that had turned into an indictment of Indonesia's unpredictable legal system.

Former militiamen found not guilty of murder charges

Former militiamen found not guilty of murder charges Muninggar Sri Saraswati, The Jakarta Post, Jakarta The Central Jakarta District Court acquitted three former pro- Jakarta East Timorese militiamen on Wednesday for the murder of a New Zealand peacekeeping soldier in East Timor in July 2000.

Child killed in Gorontalo flood

Child killed in Gorontalo flood GORONTALO, Gorontalo: Flooding triggered by heavy rain has claimed the life of a child and inundated several residential areas and government offices in Marisa subdistrict, Boalemo regency. Harun Daui, local public relations head, said here on Wednesday that the body of 6-year-old Akin Abjul was found one day after he was drowned in the estuary of the Taludung river. Harun said floodwater in the village of Buntilia Utara was waist high, making roads impassable.

Vehicle sales zoom 31 percent in ASEAN's four biggest markets

Vehicle sales zoom 31 percent in ASEAN's four biggest markets Agence France-Presse, Singapore Motor vehicle sales in Southeast Asia's top four markets -- Indonesia, Malaysia, Thailand and the Philippines -- rose 31 percent in January from a year earlier, an industry report released here showed Wednesday. Sales totaled 92,740 units in January from 70,929 in the same month last year, Automotive Resources Asia Ltd. (ARA) said, adding this augured well for the market outlook this year.

In Absentia trial sees judges absent from court

In Absentia trial sees judges absent from court Muninggar Sri Saraswati, The Jakarta Post, Jakarta The trial of Hutomo "Tommy" Mandala Putra caused the Central Jakarta District Court to delay reaching a verdict in the trial of three former bankers charged with corrupting Rp 2.6 trillion.

Indonesia has a lot a offer in fighting terrorism: Expert

Indonesia has a lot a offer in fighting terrorism: Expert Fabiola Desy Unidjaja, The Jakarta Post, Jakarta Indonesia, which has been criticized for dragging its feet in rooting out terrorist elements, should use the current global predicament to show the world that combating terrorists can be done without violating democratic values. George Charles Bruno, an expert on democracy, noted that as a young democratic society Indonesia had a lot to offer, especially in fighting terrorism.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 20, 2002 Shares Close Change Trading Volume ----------------------------------------------------- Ades Alfindo 1,175 50 422,000 Adindo Foresta 65 0 380,000 AGIS 135 15 4,802,000 Akbar Indo Makmur 220 -5 15,000 Alakasa 175 0 0 Alfa Retailindo 725 0 57,500 Alter Abadi 50 0 0 Alumindo Light 650 0 15,500 Andhi Chandra 335 0 0 Aneka Kimia Raya 500 0 0 Aneka Tambang 1,075 25 4,873,500 Anta Express Tour 425 0 321,500 Apac...

Pirous' artworks show how the medium is the message

Pirous' artworks show how the medium is the message Yusuf Susilo Hartono, Contributor, Jakarta To celebrate his 70th birthday, Abdul Djalil Pirous, a painter and fine arts teacher, is displaying his art works in a solo exhibition titled Retrospektif II (In Retrospect II) at the National Gallery from March 11 through to March 31.

C. Jakarta vendors to be relocated

C. Jakarta vendors to be relocated JAKARTA: The Central Jakarta Mayor, Petra Lumbun, said on Wednesday that his administration would relocate street vendors currently in the three main areas of Senen, Tanah Abang and the National Monument (Monas). "We have to do this because street vendors display their merchandise on the sidewalk, causing bad traffic congestion. Local residents have complained that the areas have become rife with crime," he said, as quoted by BeritaJakarta.com.

Aroma of Asian specialty coffees set to spread

Aroma of Asian specialty coffees set to spread Nao Nakanishi, Reuters, Singapore Ever sipped some Sumatra Mandheling, Indian Mysore, Tiger Mountain or Sulawesi Kallosi? No? These are some of Asia's top grade coffees, already served in specialty coffee shops around the world but yet to establish the reputation they deserve, industry officials and traders say.

Rough justice

Rough justice Dozens of ojek (motorcycle taxi) drivers pummelled, stripped and dragged Musa, using a motorcycle. Musa died immediately. They were furious with Musa, who had allegedly stolen a motorcycle belonging to Samit, one of the ojek drivers, who had their base of operations in Pekayon, Bekasi. On the same day, ojek drivers in Bogor beat and burned to death Ahmad Komaruddin. Like Musa, Komaruddin was accused of stealing a motorcycle belonging to one of the ojek drivers.

ASEAN will adopt new harmonized tariff system this year: Permana

ASEAN will adopt new harmonized tariff system this year: Permana Adianto Simamora, The Jakarta Post, Jakarta The Association of South East Asian Nations (ASEAN) plans to implement its own harmonized tariff system this year as part of efforts to further boost intra-regional trade, according to Director General of Customs and Excise Permana Agung.

Asian growth forecasts improve

Asian growth forecasts improve Ovais Subhani, Reuters, Singapore Will Asia's vices of last year become its virtues this year? Economists have raised their growth forecasts for most Asian countries, figuring that the exposure to the United States which dragged them down last year will lead them to recovery in 2002, according to a Reuters survey of more than 100 economists.

Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 20, 2002

Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 20, 2002 ------------------------------------------------------------------ Shares Close Change Volume ------------------------------------------------------------------ Ades Alfindo 1,175 50 422,000 Adindo Foresta 65 0 380,000 AGIS 135 15 4,802,000 Akbar Indo Makmur 220 -5 15,000 Alakasa 175 0 0 Alfa Retailindo 725 0 57,500 Alter Abadi 50 0 0 Alumindo Light 650 0 15,500 Andhi Chandra 335 0 0 Aneka Kimia Raya 500 0 0 Aneka Tambang...

New wave of bomb threats put Philippine capital on high alert

New wave of bomb threats put Philippine capital on high alert Agencies, Manila Police in the Philippine capital have gone on full alert following the discovery on Wednesday of two bombs on the city's train system which is used by nearly half a million commuters daily. President Gloria Arroyo said police "have narrowed down the suspects", but would not discuss their identities.

Net widens in Singapore terror probe-report

Net widens in Singapore terror probe-report Reuters, Singapore Singapore authorities have interviewed more people suspected of having terror links in the city state, Home Affairs Minister Wong Kan Seng was reported by local media as saying on Wednesday. Wong was quoted by the ChannelNewsAsia.com website as saying "further action" might be taken against those interviewed who are believed to be involved with the clandestine Jemaah Islamiah (JI) network.

IBRA says 19 investors interested in Bank Niaga

IBRA says 19 investors interested in Bank Niaga The Jakarta Post, Jakarta Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gede Ary Suta said on Wednesday there were 19 investors which had expressed interest in purchasing the government's 51 percent stake in the publicly listed Bank Niaga. He said that nearly half of the prospective investors were foreign firms.

Rupiah Rates March 20

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

Dutch East India Co remembered 400 years on

Dutch East India Co remembered 400 years on Melanie Cheary Reuters Amsterdam Four hundred years ago today (Wednesday) the Dutch East India Company was established by ambitious shipping merchants tired of losing out on the booming Asian spice trade dominated by the Portuguese since 1498.

SBI rate down to 16.80 percent this week

SBI rate down to 16.80 percent this week JAKARTA: The weighted average interest rate on one-month Bank Indonesia SBI interest rate fell slightly to 16.80 percent at the weekly auction on Wednesday, from 16.83 percent last week, the central bank said. Bank Indonesia said in a statement it accepted Rp 22 trillion (about US$2.2 billion) in bids at the auction, or 82.35 percent of total bids. The benchmark interest rate has been on the decline over the past several weeks.

Petronas inks MOU on Natuna gas

Petronas inks MOU on Natuna gas SINGAPORE : Malaysia's Petroliam Nasional Bhd., or Petronas, Indonesia's Pertamina and Exxon Mobil Corp. have signed a memorandum of understanding on the possibility of developing natural gas from the East Natuna field, Petronas President and Chief Executive Mohd. Hassan Marican said Wednesday. Marican declined to elaborate on details of the agreement.

Tommy's murder plan exposed

Tommy's murder plan exposed The Jakarta Post, Jakarta Hutomo "Tommy" Mandala Putra once planned to kill M. Syafiuddin Kartasasmita himself, according to the indictment presented to the Central Jakarta District Court on Wednesday. Tommy was found guilty of corruption by Syafiuddin in October 2000 but it was not until mid 2001 that Tommy started to plan the murder, it said. In June 2001, Tommy asked his friends, Dedi S.

Tommy calm despite death penalthy threat

Tommy calm despite death penalthy threat Muninggar Sri Saraswati, The Jakarta Post, Jakarta Former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra went on trial on Wednesday for allegedly masterminding the murder of Supreme Court justice M. Syafiuddin Kartasasmita who convicted him for corruption. The trial was held at the Central Jakarta District Court under heavy security with 400 police officers and a bomb squad on guard.