Indonesian Political, Business & Finance News

Archive: 26 March 2002

62 articles found

Direct polls expected to prevent bribery

Direct polls expected to prevent bribery Ahmad Junaidi, The Jakarta Post, Jakarta Amid allegations of the city administration bribing councillors, observers proposed on Monday the implementation of direct gubernatorial elections for the city's next governor to prevent "money politics".

Excelcomindo to use GPRS technology

Excelcomindo to use GPRS technology ANYER, West Java: Cellular operator PT Excelcomindo said that it would use General Packet Radio Service (GPRS) technology to give its customers a faster data transfer service starting in the second quarter of this year. "We have to use this technology because in the Indonesian market, technology is a significant selling point," Excelcomindo director for corporate strategy and governance Rudiantara said during a weekend press gathering.

Mob ransacks PLN office in Lampung over outages

Mob ransacks PLN office in Lampung over outages Oyos Saroso, The Jakarta Post, Bandarlampung Incensed by continued power blackouts in the Lampung capital of Bandarlampung, a mob of at least 50 people ransacked the city's Tanjungkarang branch office of state-owned electricity firm Perusahaan Listrik Negara (PLN). The attackers, dressed in orange and black uniforms, stormed the building's complaints' office on Sunday night, destroying equipment inside and shattering windows.

Megawati seeks investments from China

Megawati seeks investments from China The Jakarta Post, Beijing During President Megawati Soekarnoputri's second day in Beijing she solicited Chinese businesses to invest in Indonesia, pledging an end to the days of discrimination against the Chinese in the country which was now focusing its efforts on ensuring stability and security. "Chinese investments in Indonesia will not be subject to discrimination," she told a business luncheon at the Beijing International Convention Center.

Analysts say Indonesia in U.S. anti-terror targets

Analysts say Indonesia in U.S. anti-terror targets Stephen Collinson, Agence France-Presse, Washington Indonesia is about to find itself under mounting U.S. scrutiny as the Bush administration presses home its campaign to rout out terror havens, and analysts say the attention could prompt hard choices in Jakarta.

Councils want law to recall members

Councils want law to recall members Asip A. Hasani, The Jakarta Post, Yogyakarta The Association of Provincial Legislative Councils ended its two-day congress in Yogyakarta with a call for the reinstatement of political laws that allow political parties to fire or withdraw "rogue" members from legislatures. The congress concluded on Saturday, but its official recommendations were only made available to the media on Monday.

Truck drivers protest traffic rules

Truck drivers protest traffic rules BANDUNG: Around 1,500 truck drivers and container workers went on strike in the West Java capital of Bandung on Monday to protest against new regulations limiting the traffic of trucks carrying containers on the city's highway. The protesters, in a convoy of 50 container trucks and hundreds of motorcycles, drove from the Gedebage container terminal to the West Java legislative building. Police allowed only 12 of the trucks to travel to the city's center.

Shunned by investors

Shunned by investors The negative assessment of the Indonesian business climate given by most of the Japanese investors surveyed by the Japan Bank for International Cooperation (JBIC) last year is yet another sign that the country is still shunned by most foreign investors.

A fascist style

A fascist style Indonesia has a serious problem with militias, party-related and religion-oriented. The latest proof of this is the show of force by fascist-looking religious militants carrying offensive weapons outside the Philippines Embassy on March 21. Why were they not disarmed? Indeed, why were no arrests made? This problem goes right to the heart of the political system.

Bali police kill two alleged burglars

Bali police kill two alleged burglars DENPASAR, Bali: Police in the resort island of Bali shot dead two suspected burglars and severely injured a third in the Jimbaran area, about 27 kilometers from the provincial capital of Denpasar. The police claimed Iwan Palaguna from Makassar in South Sulawesi and Iman Rohman from Malang in East Java were killed at dawn on Sunday during an attempt to escape the custody of security personnel.

1. Roundup (69) - 55 pts BB l/c 3cols 3lines (3x15)

1. Roundup (69) - 55 pts BB l/c 3cols 3lines (3x15) History made as Washington, Berry win Academy Awards 2. Rings (45) - 48 pts BB l/c 4cols 2lines (2x24) New Zealand premier trumpets success of 'Lord of the Rings' 3. Terror (56) - 36 pts BB l/c 3cols 2lines (2x18) Analysts: RI in U.S. anti-terror targets 4. Woody (35) - 32 pts BB l/c 4cols 1line (1x30) Allen makes first Oscar appearance --- 3. Photo 4x12

Workers plan strike against privatization

Workers plan strike against privatization The Jakarta Post Jakarta Telecommunications and postal workers have threatened to go on strike over plans to privatize international call operator PT Indosat, a move that could put serious pressure on the biggest fish on the government's privatization list for the year. Workers from the labor union of state-owned postal and telecommunications firms (ISP Postal) said the government must agree to their demands by this week if a strike was to be avoided.

Nigerian arrested for counterfeiting

Nigerian arrested for counterfeiting JAKARTA: Pamulang police officers in Tangerang arrested on Monday a Nigerian, Edurhe N., for forging US bank notes and other items. Edurhe, who lives on Jl. Mawar II 19, Taman Kedaung, Pamulang, was caught red-handed while processing a fake US$100 bill with chemical substances and a special stamp. Police believe Edurhe had successfully produced some 100 fake US$100 bills.

Shunned by investors

Shunned by investors The negative assessment of the Indonesian business climate given by most of the Japanese investors surveyed by the Japan Bank for International Cooperation (JBIC) last year is yet another sign that the country is still shunned by most foreign investors.

Police arrest suspects, drugs still sold

Police arrest suspects, drugs still sold Rendi A. Witular, The Jakarta Post, Jakarta The City police uncovered 160 drug cases and arrested 191 suspected drug users and dealers in Greater Jakarta from Feb. 24 to March 22. Of the suspects, 113 were categorized as drug dealers. However, none of the cases of these suspects, five of whom are college students, have reached the courts.

Dude, where's my car?

Dude, where's my car? From Republika On March 11, my family and I went to the Safari Park in Cisarua, Bogor. We parked our car in front of a ticket booth near the cable cars. At about 1 p.m., we found that our car was gone. We asked the man in charge of the ticket booth about our 1996 dark blue Grand Extra Kijang van. He answered that about five minutes earlier, two men had gotten into a dark blue Kijang van whose alarm was going off. Unfortunately, he had seen no reason to become suspicious.

Defense urges ad hoc court to dismiss charges

Defense urges ad hoc court to dismiss charges Tiarma Siboro, The Jakarta Post, Jakarta Technicalities were again the order of the day for defense lawyers in the East Timor human rights violations trial as they challenged the legality of the charges on Monday.

KL court delay puts Tajudin under spotlight

KL court delay puts Tajudin under spotlight Wong Choon Mei Reuters Kuala Lumpur A Malaysian court's decision to delay hearing a plea by tycoon Tajudin Ramli to block the state asset manager from selling shares in Technology Resources Industries, sparked speculation on Monday the shares held as collateral could be sold imminently.

ibox:

ibox: Due to the large number of court observers at Akbar's trial, the Central Jakarta District Court is considering a venue shift to either Kemayoran in Central Jakarta, or the Central Jakarta Mayoralty Office. The same applies for the venue of the ongoing murder trial of former president Soeharto's son, Hutomo "Tommy" Mandala Putra, which is also being tried at the Central Jakarta District Court.

West Java prosecutors confiscate motorcycles

West Java prosecutors confiscate motorcycles Nana Rukmana, The Jakarta Post, Bandung West Java prosecutors probing a corruption case allegedly involving West Java Governor R. Nuriana have confiscated hundreds of motorcycles to be used as evidence, it was reported here on Monday.

JP/12/BEJ

JP/12/BEJ .pl .rm Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 25, 2002 ------------------------------------------------------------------ Shares Close Change Volume ------------------------------------------------------------------ Ades Alfindo 1,150 0 6,000 Adindo Foresta 60 0 85,000 AGIS 130 0 312,500 Akbar Indo Makmur 215 0 1,000 Alakasa 175 0 0 Alfa Retailindo 750 0 2,500 Alter Abadi 45 0 0 Alumindo Light 700 25 7,000 Andhi Chandra 335 0 0 Aneka Kimia Raya 500 0 0 Aneka...

Don't give us any trouble

Don't give us any trouble From Warta Kota Referring to a statement by the director of Bina Sumberdaya Mitra that appeared in the March 9 edition of Warta Kota about the public's need for trouble-free and affable service, I would like to share a personal experience. A land swap deal at Jl. Salemba Raya No.

Where to go in Bandung for Tuesday, March 26, 2002

Where to go in Bandung for Tuesday, March 26, 2002 Exhibition * Mizan Comics, CCF - French Cultural Center Bandung Jl.Purnawarman 32, April 2 - 3. Performances * Sundanese Traditional Drama: Si Kabayan Jeung Raja Jimbul (Kabayan and Jimbul King), Taman Budaya, Jl. Bukit Dago Selatan no. 53 A (Tel. 022 2504912), 7:30 p.m., March 28. * Sundanese Traditional Performances Surak Ibra, Taman Budaya, 7:30 p.m., April 6. * Balinese Dance Gedung Kesenian Rumentang Siang, Jl.

Hino signs deal with Scania

Hino signs deal with Scania TOKYO: Hino Motors Ltd of Japan and Sweden's Scania said on Monday they had signed a cooperation pact aimed at filling out their truck line-ups and sharing the high development costs of eco-friendly technology. Areas of cooperation under current consideration include the selling of Scania tractor-trucks in Japan under the Hino brand, the use of Hino engines in some Scania vehicles and the exchange of emission-control technology.

Lim Shu Ling

Lim Shu Ling Journalist BBC, Asia Bureau Singapore Of all the incidents of maid abuse to come to light recently in Singapore, the case of the woman who took to biting her Indonesian maid's nipple until it fell out has surely got to be one of the most appalling and disgusting. 2.

Akbar defiant as his graft trial kicks off

Akbar defiant as his graft trial kicks off Yogita Tahilramani, The Jakarta Post, Jakarta Corruption suspect and Golkar Party chief Abkar Tandjung was defiant on Monday, as he declared all corruption charges leveled against him to be untrue on the first day of his trial at the Central Jakarta District Court.

Legal snag threatens KPC divestment

Legal snag threatens KPC divestment Debbie A. Lubis, The Jakarta Post, Jakarta An agreement for the sale of a majority stake in coal mining company PT Kaltim Prima Coal (KPC) to the province of East Kalimantan has hit a snag, as both buyer and seller remain at loggerheads over how to drop a lawsuit filed against the KPC owners.

House leaders to discuss Akbar's fate on Tuesday

House leaders to discuss Akbar's fate on Tuesday Kurniawan Hari, The Jakarta Post, Jakarta Leaders of the House of Representatives (DPR) are set to hold a closed-door meeting on Tuesday to discuss whether House Speaker Akbar Tandjung, a suspect in a corruption case, should maintain his position until his term ends in 2004. Deputy House Speaker Muhaimin Iskandar of the National Awakening Party (PKB) said on Monday that result of the meeting would be announced at a plenary meeting on Wednesday.

Bomb explosion shatters fragile peace in Poso

Bomb explosion shatters fragile peace in Poso Erik W., The Jakarta Post, Palu A huge bomb explosion rocked the once strife-torn town of Poso in Central Sulawesi for the first time since both Muslim and Christian leaders signed a peace accord last December to end three years of sectarian fighting. The blast, heard from more than two kilometers from the scene, apparently poses a new challenge to the peace largely being restored in Poso after the peace agreement.

JP/11/J06

JP/11/J06 Canadian firm to invest US$5b in fish-processing The Jakarta Post Jakarta A Canadian company is ready to invest some US$5 billion for the development of a fish-processing business in Indonesia, an official said on Sunday. Soempeno Putro, a senior official of the Marine and Fishery Ministry, said in Bogor, West Java, that a Canadian company which has joined the Chianti Group would develop a squid and shrimp- processing business as "ready to eat food" in Indonesia.

* Headlines: AGO-TNI 'deals' in E. Timor cases alleged 2

* Headlines: AGO-TNI 'deals' in E. Timor cases alleged 2 * Opinion: Maid abuse: It's time to stop the injustice4 * City: Direct polls expected to prevent bribery' 7 * Archipelago: Mob ransacks PLN office over outages 8 * National: Religious leaders delay visit to Ambon 9 * World: Manila rejects Abu Sayyaf cease-fire call10 * Business: Workers oppose privatization program 11 * Features: Artists show best of Czech graphic art 16 * Sports: Inter on fire as Hierro keeps Real rolling20

Legislator Surya suffers stroke in Beijing

Legislator Surya suffers stroke in Beijing BEIJING: Chairman of the House of Representatives (DPR) Commission V Surya Darma Ali suffered a stroke on Monday and is currently undergoing medical treatment in a hospital in Beijing, China. Surya's condition was not available last night. Presidential Medical Doctors chief Koenindro said a team of Chinese medical doctors were still examining Surya's health condition in the hospital.

Family reports stray shooting

Family reports stray shooting JAKARTA: A family reported the shooting of 14-year-old Yuli Anggraini by a stray bullet on March 14, to the National Police internal affairs at the headquarters on Monday. Father Nurcholish and Yuli's older sister, Mawar Krisnawati, were accompanied by three lawyers from the Indonesian Legal Aid Institute (PBHI); Basir Bahuga, Leonard Sitompul and David Oliver Sitorus when they met with Comr. A. Lutfi.

House approves money laundering legislation

House approves money laundering legislation Dadan Wijaksana, The Jakarta Post, Jakarta The House of Representatives passed a bill on money laundering into law on Monday, signaling the country's commitment to fighting the practice and shedding its image as a haven for money laundering. Minister of Justice and Human Rights Yusril Ihza Mahendra said the importance of the law was such that its passage could win Indonesia wider support from the international community.

Prosecutors named for Ginandjar's case

Prosecutors named for Ginandjar's case JAKARTA: The Attorney General's Office has set up a new team to resume investigation into alleged graft involving the deputy speaker of the People's Consultative Assembly (MPR), Ginandjar Kartasasmita, when he was minister of mines and energy between 1992 and 1995. The office's spokesman Barman Zahir told reporters on Monday that the team comprised prosecutors M. Fachmi, Y.W. Mere, M. Farella and Febrian.

Four killed near tourist attraction

Four killed near tourist attraction BANJARMASIN, South Sulawesi: Four senior high school students from Banjarmasin were killed after falling from a cliff near a popular tourist resort in Tanah Laut regency, South Kalimantan. The final body was recovered on Monday, while the other three were discovered on Sunday near the Bijuan waterfall resort located in the village of Pelaihari, some 75 kilometers from Banjarmasin.

Workers protest on lay off plan

Workers protest on lay off plan BOGOR: Around 200 workers from PT. SGI, a motorcycle painting business, staged a protest in front of Bogor's social and labor agency office on Monday. The workers rejected the company's plan to lay off some workers who had joined the labor union at the company. M. Rondi, a 32-year-old worker, said the rally was to protest against the management. They were planning to stay at the company, located at Jl. Pembina Rawa Haur No. 1 in Sentul, Bogor regency, overnight.

NATURAL DISASTER: A house is flattened to the ground at Bantar

NATURAL DISASTER: A house is flattened to the ground at Bantar village in Jatilawang subdistrict, Banyumas regency, Central Java. More than 200 houses were destroyed as heavy rains with strong winds swept through the town and the neighboring regency of Purbalingga on Sunday, killing one person.

Fire razes 120 homes in North Sumatra

Fire razes 120 homes in North Sumatra Apriadi Gunawan, The Jakarta Post, Medan A fire raced through the Medan Maimoon subdistrict on Monday morning destroying approximately 120 homes, though there were no casualties. An eyewitness, Lily, said the fire, which is believed to have started in a vacant house owned by a woman identified as Rosita Sembiring, began at about 7:30 a.m.

Rupiah Rates March. 25

Rupiah Rates March. 25 Bank notes rates TT rates Selling Buying Selling Buying Rp Rp Rp Rp U.S.

OC wants old owners of recap banks out

OC wants old owners of recap banks out The Jakarta Post, Jakarta Bank owners whose mismanagement of their banks forced the government to spend billions of dollars to bail them out, should be barred from future management, the Oversight Committee (OC) says. "Their (old bank owners) involvement in the management hampers efforts to recover these banks because of vested interests," OC chairman, Mar'ie Muhammad was quoted as saying by Antara after meeting Finance Minister Boediono on Monday.

RI seeks to reschedule around $5.5b debt

RI seeks to reschedule around $5.5b debt The Jakarta Post, Jakarta Finance Minister Boediono said that the government was seeking to reschedule some US$5.5 billion in sovereign debt maturing this year and next from the Paris Club of creditor nations. "The amount is around $5.5 billion -- and I'm very optimistic," he was quoted by Antara as saying on Monday.

No problem as a witness in Ancolgate: Sutiyoso

No problem as a witness in Ancolgate: Sutiyoso The Jakarta Post, Jakarta Governor Sutiyoso expressed his willingness on Monday to answer the Jakarta Prosecutor's Office summons related to a controversial foreign trip conducted by several city officials and councillors, dubbed "Ancolgate". "I have yet to receive the summons but I'm looking forward to it. I have no problem at all with being questioned as a witness in this case," he told reporters at City Hall.

Name Former position

Name Former position Abilio Soares East Timor Governor Dominggos Soares Dili Regent Col. Herman Sediono Covalima Regent Leoneto Martins Liquica Regent Guilherme dos Santos Bobonaro Regent Edmundo Conceicao E. Silva Lospalos Regent Brig. Tono Suratman East Timor Military chief Col. Noer Muis East Timor Military chief Brig. Gen. Timbul Silaen East Timor Police chief First Lt. Sugito Suai Military District chief First Lt. Sutrisno Bobonaro Military intelligence chief Lt. Col.

Drugs readily available at schools in Jakarta

Drugs readily available at schools in Jakarta Damar Harsanto, The Jakarta Post, Jakarta Illegal trade of drugs is rampant in schools throughout the capital. Peer pressure and eagerness to try new things makes students easy prey for drug pushers. Data on students who take drugs is not available, but an expert estimates that 95 percent of 750,000 drug users in Greater Jakarta, which has a population of more than 11 million, are students aged between 15 and 25 years old.

Storm kills one, destroys 200 houses in Central Java

Storm kills one, destroys 200 houses in Central Java Agus Maryono, The Jakarta Post, Banyumas Heavy rains and strong winds killed one person, injured five others and destroyed at least 200 houses in Banyumas and Purbalingga regencies, Central Java, on Sunday. The strong winds felled coconut trees in the area, blocking roads and making it difficult for the rescue team from the Indonesian Red Cross (PMI) and the local administrations to reach the affected areas.

Telkom to cooperate with 23 investors

Telkom to cooperate with 23 investors JAKARTA: At least 23 foreign investors are ready to cooperate with state telecommunications company PT Telkom to jointly carry out projects for the publicly listed company from 2002 to 2005, a member of Telkom's board of commissioners announced on Monday. "The foreign investors are those classified as international businessmen from the United States, Japan, China and Europe," Rahardjo Tjakraningrat said, as quoted by Antara.

PDI Perjuangan party to back Endriartono as military chief

PDI Perjuangan party to back Endriartono as military chief Kurniawan Hari, The Jakarta Post, Jakarta The Indonesian Democratic Party of Struggle (PDI Perjuangan) faction in the House of Representatives appears to have thrown its support behind Army Chief of Staff Gen. Endriartono Sutarto to replace Adm. Widodo A.S. as the next Indonesian Military (TNI) chief. Widodo's military service has been extended twice since he reached the mandatory retirement age of 55.

Singer's husband faces 15 months

Singer's husband faces 15 months JAKARTA: State prosecutors have recommended that the South Jakarta District Court sentence Edwin Nicolaas Rondonuwu, husband of noted singer Nur Afni Octavia, to 15 months' imprisonment for attacking her last year. According to prosecutors, the defendant, a former host on the state-owned television station TVRI, was convicted for assaulting his wife during a birthday party on Oct. 25, 2001 in her residence in Cilandak, South Jakarta.

Govt mulls cut in subsidy for political parties

Govt mulls cut in subsidy for political parties Tiarma Siboro and A'an Suryana, The Jakarta Post, Jakarta Minister of Home Affairs Hari Sabarno hinted on Monday that the government was considering terminating a subsidy for political parties. Speaking to reporters in his office, Hari said ending the subsidy would be an "effort to help political parties become more independent in struggling for their respective ideals".

Number of investors begins to climb in city

Number of investors begins to climb in city Muninggar Sri Saraswati, The Jakarta Post, Jakarta Though the amount of foreign investment coming into the capital has increased over the last two years, it still has not returned to pre-1997 levels. And with the continued economic uncertainty, Jakarta will be hard pressed to lure back foreign investors.

Direct gubernatorial election proposed to prevent money politics

Direct gubernatorial election proposed to prevent money politics Ahmad Junaidi The Jakarta Post Jakarta Amid allegations of the city administration bribing councillors, observers proposed on Monday the implementation of direct gubernatorial elections for the city's next governor to prevent "money politics".

Workers plan strike against privatization program

Workers plan strike against privatization program The Jakarta Post, Jakarta Telecommunications and postal workers have threatened to go on strike over plans to privatize international call operator PT Indosat, a move that could put serious pressure on the biggest fish on the government's privatization list for the year.

Political scenarios for Akbar Tandjung

Political scenarios for Akbar Tandjung Heny Setyowati, Center for Reform and Democracy Studies, Jakarta The detention of Akbar Tandjung by the Attorney General's Office has caused quite a stir. In some circles -- particularly supporters of President Megawati Soekarnputri -- this is quite worrying, as it may have political repercussions leading to eventual attempts to shake up her presidency.

Yemen frees 5 Indonesian students

Yemen frees 5 Indonesian students SAN'A: Yemeni authorities freed on Sunday five Indonesian students detained under the Yemeni government's anti-terrorism campaign. The release was announced by Yemeni Deputy Foreign Minister Abdullah Mohammed Al-Saidi after he met with the Indonesian Ambassador to Yemen Yulwis Yatim. Three of the five Indonesian students were arrested on March 3, 4, and 9 respectively. There was no information about the date of the arrest of the other two students.

1. Komnas (40) -- 55 pts BB l/c 3cols 3lines (15 x 3 lines

1. Komnas (40) -- 55 pts BB l/c 3cols 3lines (15 x 3 lines Rights body alleges AGO-TNI 'deals' in E. Timor cases 2. Military (45) 48 pts BB l/c 4cols 2lines -- 24 x 2 lines PDI Perjuangan party to back Endriartono as military chief 3. Poso (50) -- 36 pts BB l/c 3cols 2lines 18 x 2 lines Bomb blast shatters fragile peace in Poso 4. Drugs (50) -- 36 pts BB l/c 5cols 1line 32 x 1 line Drugs readily available at Jakarta schools 5.

Indonesia told to promote reconciliation

Indonesia told to promote reconciliation Annastashya Emmanuelle, The Jakarta Post, Jakarta A local human rights activist and legal expert said during a seminar on Monday the government should emulate South Africa's experience in promoting reconciliation to enable Indonesia to emerge from its prolonged crisis. Speakers at the seminar said neither government officials or politicians had yet taken the initiative to help solve the country's multidimensional crisis.

PLN

PLN 4 x 10 Mob ransacks PLN office in Lampung over outages ANGIN 2 x 20 Storm kills one, destroys 200 houses in Central Java Bakar 2 x 15 Fire razes 120 homes in North Sumatra Yogya 2 x 15 Councils want law to recall members

Rights body alleges AGO-TNI 'deals' in E. Timor cases

Rights body alleges AGO-TNI 'deals' in E. Timor cases A'an Suryana, The Jakarta Post, Jakarta The landmark human rights trial for atrocities in East Timor more than two years ago has commenced, but disappointment persists as the Attorney General's Office fails to prosecute the top leaders implicated by the commission of inquiry into the crimes against humanity.

JP/12/BEJ

JP/12/BEJ .pl .rm Stock prices on the Jakarta Stock Exchange (in Rupiah) on March 25, 2002 ------------------------------------------------------------------ Shares Close Change Volume ------------------------------------------------------------------ Ades Alfindo 1,150 0 6,000 Adindo Foresta 60 0 85,000 AGIS 130 0 312,500 Akbar Indo Makmur 215 0 1,000 Alakasa 175 0 0 Alfa Retailindo 750 0 2,500 Alter Abadi 45 0 0 Alumindo Light 700 25 7,000 Andhi Chandra 335 0 0 Aneka Kimia Raya 500 0 0 Aneka...

Religious leaders delay planned visit to Ambon

Religious leaders delay planned visit to Ambon Fabiola Desy Unidjaja, The Jakarta Post, Jakarta The religious leaders group delayed the planned visit to Ambon, the capital of Maluku, until next week as the government was completing the rehabilitation fund program for the strife-torn province, an official said.

Asian monies mostly down, rupiah shines

Asian monies mostly down, rupiah shines Netty Ismail, Dow Jones, Singapore The wobbly yen bruised Asian currencies late Monday, except for the Indonesian rupiah, which continued to outshine its regional peers, dealers said. Returning capital inflows and optimism surrounding Indonesia's meeting with the Paris Club of official creditors next month helped propel the rupiah to a new five-month peak against the dollar, observers said.