Indonesian Political, Business & Finance News

Archive: 16 April 2002

59 articles found

Rupiah Rates April 15

Rupiah Rates April 15 Bank notes rates TT rates Selling Buying Selling Buying Rp Rp Rp Rp U.S. dollar 1 9,933.00 8,933.00 9,480.00 9,386.00Australian dollar 1 5,299.26 4,761.29 5,057.58 5,002.74Brunei dollar 1 5,408.66 4,861.50 5,161.99 5,108.03Canadian dollar 1 6,260.95 5,627.09 5,975.42 5,912.

Pertamina puts off gas blowout

Pertamina puts off gas blowout State-owned oil and gas firm Pertamina said on Monday it had under complete control the gas blowout at its exploration well in Cepu, Blora regency, Central Java.Pertamina's spokesman Ridwan Nyak Baik said the company eventually managed to install a new blowout...

Three nabbed for drug dealing

Three nabbed for drug dealing TANGERANG: Several undercover police officers from Tangerang Precinct Police arrested three men allegedly involved in marijuana trafficking at the house of one of the suspects, in Telaga Sari housing complex, Cikupa, on Sunday evening.

Bush to thank Mahathir for help in foiling terrorism

Bush to thank Mahathir for help in foiling terrorismAgencies, Kuala Lumpur A visiting senior U.S. official praised Malaysian Prime Minister Mahathir Mohamad on Monday, showing clearly how attitudes have changed since the Sept. 11 attacks on the United States.James A.

Cibinong's losses up in 2001

Cibinong's losses up in 2001 Cement producer PT Semen Cibinong announced on Monday a 37 percent increase in operating losses, to Rp 157 billion (US$16.5 million) last year, from Rp 115 billion the previous year, due to rising production costs.

Page 16

Page 16Headings1. Papua: 8 x 4 lines American ambassador meets PDP officials Warga Villagers flee to avoid Purbalingga Police raids 3. Korupsi: 24 x 2 lines Prosecutor's office seizes 20 more motorcycles from Golkar Ungsi East Timorese refugee repatriation delayed

NGO forum seeks independent constitutional body

NGO forum seeks independent constitutional bodyKurniawan Hari, The Jakarta Post, Jakarta A coalition of non-governmental organizations exhorted members of the People's Consultative Assembly (MPR) on Monday to set up an independent commission to draft a new constitution to avoid back door dealings...

Foreign gamblers to be invited in planned casinos

Foreign gamblers to be invited in planned casinosAhmad Junaidi, The Jakarta Post, Jakarta Some in the city administration are already making plans to attract foreign gamblers to the proposed Thousand Islands casinos.

Presidential security guards downsized, back to basic

Presidential security guards downsized, back to basicTiarma Siboro, The Jakarta Post, Bogor The Presidential security guards (Paspampres) have been streamlined over the past year with their duty now focused on safeguarding the republic's president and vice president.

VOC colonized Indonesia?

VOC colonized Indonesia?From Koran TempoThe 400th anniversary of the East Indies Trading Company (VOC) is now being commemorated in the Netherlands. They will be celebrating it for the whole year. To highlight this commemoration, a replica of a VOC trading vessel will depart from Australia and make...

Tax holiday needed to attract investment: BKPM

Tax holiday needed to attract investment: BKPMAdianto P. Simamora, The Jakarta Post, Jakarta Indonesia must provide tax incentives if it hopes to compete with other countries in the region in attracting badly needed foreign investment, according to Investment Coordinating Board (BKPM) chairman Theo...

JP/12/BEJ

JP/12/BEJ .pl .rmStock prices on the Jakarta Stock Exchange (in rupiah) on April 15, 2000:-------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Abdi Bangsa Tbk 235 0 10,000 Ades Alfindo Tbk...

Asian currencies up late, rupiah rises to 7-month high

Asian currencies up late, rupiah rises to 7-month highNetty Ismail, Dow Jones, Singapore Dazzling foreign exchange participants, the Indonesian rupiah vaulted to a seven-month high and broke key resistance levels after foreign governments agreed to reschedule part of the country's massive foreign...

Media must fight pornography

Media must fight pornographyFrom Pikiran RakyatI greatly appreciate the courage of the Minister of Religious Affairs to join the fight against pornography. His statement that the Ministry of Religious Affairs and the Indonesian Council of Ulemas will draft an anti-pornography bill, as published in...

First maritime and fishery school

First maritime and fishery schoolYOGYAKARTA: Yogyakarta's Gadjah Mada University (UGM) plans to open a maritime and fishery school that will serve as the country's think tank for maritime legislation and marine resources exploitation.

Paris Club deal lifts rupiah to 8-month high

Paris Club deal lifts rupiah to 8-month highThe Jakarta Post, Jakarta The rupiah rose to its highest spot since September last year on news that Indonesia's sovereign creditors at the Paris Club agreed to delay debt repayments of US$5.4 billion.

Stiffer prison sentence sought for IPR violators

Stiffer prison sentence sought for IPR violatorsA'an Suryana, The Jakarta Post, Jakarta A high-ranking government official urged the country's judges on Monday to impose harsher sentences on those found guilty of violating intellectual property rights (IPR).

Kolev sees new challenges in Indonesia

Kolev sees new challenges in IndonesiaMusthofid, The Jakarta Post, Jakarta Newly-recruited Indonesian soccer coach Ivan Venko Kolev says he accepted the job because he wanted new challenges after six years with the Bulgarian U-20 team."There is no more challenge.

ASEAN needs to address illegal trade in small arms

ASEAN needs to address illegal trade in small armsPhilips J. Vermonte, Centre for Strategic and International Studies, Jakarta Despite the end of the Cold War, there remains widespread conflict across the world.

Student protest mars Megawati's Bandung visit

Student protest mars Megawati's Bandung visitYulie Tri Suwarni, The Jakarta Post, Bandung Bandung Police detained on Monday seven student protesters for allegedly violating measures taken by police to secure President Megawati Soekarnoputri's official visit to Bandung on Monday.

Religious leaders visit Maluku on peace mission

Religious leaders visit Maluku on peace missionThe Jakarta Post, Makassar/Cirebon A group of 11 national religious leaders arrived in Ambon on Monday afternoon for a peace mission aimed at boosting an accord to end the three-year sectarian conflict in the Maluku islands.

Petronas, KOGAS eye Transco stake

Petronas, KOGAS eye Transco stake SINGAPORE: A consortium led by Malaysia's Petroliam Nasional Bhd., and South Korea's Korea Gas Corp. and partner are vying for a stake offered in Indonesia's PT Perusahaan Gas Negara's pipeline developing unit, Transco I, a PGN official said Monday.

Council slams inefficiency of city-owned ventures

Council slams inefficiency of city-owned venturesBambang Nurbianto, The Jakarta Post, Jakarta The City Council's Commission B for economic affairs condemned Governor Sutiyoso on Monday for not doing enough to improve the performance of 23 city-owned and 12 joint venture companies.

2003 SEAG rescheduled to avoid Muslim fast

2003 SEAG rescheduled to avoid Muslim fast HANOI: Regional sports chiefs have rescheduled next year's Southeast Asian Games in Hanoi after complaints that the original dates clashed with the Muslim fasting month of Ramadan, the Vietnamese hosts said Monday.

Laborers demand wage hike

Laborers demand wage hike BOGOR: Thousands of laborers of PT Truba Raya Trading, the producer of FILA shoes, staged a rally in Ciawi, Bogor, demanding the company raise their wages in accordance with the new provincial minimum wage.

Muninggar Sri Saraswati

Muninggar Sri Saraswati The Jakarta Post JakartaJakarta Police detained on Monday a security guard for alleged perjury during the trial of former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra.

British Council holds film festival

British Council holds film festival JAKARTA: The Kit-Kat British Film Festival, which was opened here last weekend, will run until April 24, featuring 10 critically-acclaimed British movies.The films are Sexy Beast, Claim, Low Down, Strictly Sinatra, Purely Belter, Born Romantic, Bread and Roses,...

Levi's aims to be no.1 in RI in 2 years

Levi's aims to be no.1 in RI in 2 years JAKARTA: American jeans manufacturer Levi Strauss & Co said on Monday it aimed for the number one spot in the Indonesian jeans market within two years, expecting double-digit growth rates ahead.

Foreign gamblers invited in Seribu island casinos

Foreign gamblers invited in Seribu island casinosAhmad Junaidi, The Jakarta Post, Jakarta Some in the city administration are already making plans to attract foreign gamblers to the proposed Thousand Islands casinos.

Villagers flee to avoid Purbalingga police raids

Villagers flee to avoid Purbalingga police raidsAgus Maryono, The Jakarta Post, Purbalingga Hundreds of villagers in the Central Java town of Purbalingga have fled their homes and are sheltering in the nearby jungle to avoid sweeps by local police searching for those involved in the burning death...

Rp 95b corruption case rocks North Sulawesi, Gorontalo

Rp 95b corruption case rocks North Sulawesi, GorontaloYongker Rumthe, The Jakarta Post, Manado North Sulawesi High Prosecutor's Office has arrested a man, identified as JW, in connection with a corruption case totaling Rp 95 billion that has implicated a number of government officers and...

Rare species on sale in Indonesian markets

Rare species on sale in Indonesian marketsLely T. Djuhari, Associated Press, Jakarta Peering out from a filthy cage filled with animal droppings and rotting bits of food, the siamang gibbon stretches out a long black hairy arm to grab a banana offered by one of the four men who keep this endangered...

PT Pos to issue Antara stamp

PT Pos to issue Antara stamp JAKARTA: National news agency LKBN Antara, in cooperation with state postal company PT Pos Indonesia, will launch a special stamp series on Dec. 13, 2002 in commemoration of Antara's 65th anniversary.

Rahardi, Akbar have different version of Bulog scandal

Rahardi, Akbar have different version of Bulog scandalTertiani ZB Simanjuntak, The Jakarta Post, Jakarta Two suspects in corruption cases involving the State Logistics Agency (Bulog) faced off in the courtroom on Monday, with each trying to outwit the other.

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ASEAN needs to address illegal trade in small arms Philips J. Vermonte Centre for Strategic and International Studies Jakarta 2. Asia -- New ties in Asia needed 1 x 32 36pt Bodoni Japan seen losing its economic magic The Daily Yomiuri Asia News Network Tokyo 3.

Refugee repatriation delayed

Refugee repatriation delayedYemris Fointuna, The Jakarta Post, Kupang The more than 140,000 East Timorese refugees living in West Timor can not return home till March 20 at the earliest due to transportation problems.

American ambassador meets PDP officials

American ambassador meets PDP officialsR.K. Nugroho, The Jakarta Post, Jayapura Despite Washington's official stance on Papua, visiting U.S. Ambassador Ralph L. Boyce met with officials of the proindependence Papua Presidium Council (PDP) and visited the grave of former PDP chairman Theys Hiyo...

Devon to sell RI assets to PetroChina

Devon to sell RI assets to PetroChina OKLAHOMA CITY: Devon Energy Corp. confirmed it agreed to sell its Indonesian operations to PetroChina Co. for US$262 million cash, including working capital.PetroChina had announced the deal earlier.

Illegal gambling business generates huge money

Illegal gambling business generates huge moneyAhmad Junaidi, The Jakarta Post, Jakarta The University of Indonesia's Institute for the Study of Social Institutions said on Monday there were 13 large illegal gambling dens currently operating in the city, with a daily turnover of between Rp 2 billion...

Prosecutor's office seizes 20 more motorcycles from Golkar

Prosecutor's office seizes 20 more motorcycles from GolkarNana Rukmana, The Jakarta Post, Kuningan The prosecutor's office in Kuningan, West Java, seized 20 more motorcycles from local branches of the Golkar Party in connection with a Rp 3.4 billion corruption case involving M.

Seribu officials criticized

Seribu officials criticized JAKARTA: City Council Commission A for administrative affairs criticized Regent of Kepulauan Seribu Regency Kamil Abdul Kadir and other officials for not occupying their official dwellings in the regency.

Development in Bali

Development in Bali This is in response to the letter by Michael Beer in The Jakarta Post on April 11 titled Rituals are not good enough.Your elaborate complaint about the situation in Bali is not new, but that is the high price the Balinese have to pay for "development".

'Witness paid to lie in Tommy case'

'Witness paid to lie in Tommy case'Muninggar Sri Saraswati, The Jakarta Post, Jakarta Jakarta Police detained on Monday a security guard for alleged perjury during the trial of former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra.

Telkom to issue bonds worth Rp 1t

Telkom to issue bonds worth Rp 1t JAKARTA: PT Telekomunikasi Indonesia, the state-owned local call operator, will issue five-year bonds worth Rp 1 trillion (US$106 million) in either May or June, a lead underwriter for the issue said Monday.

Where to go in Bandung for Tuesday, April 16, 2002

Where to go in Bandung for Tuesday, April 16, 2002Performances* Theater: Jas Panjang Pesanan, Pagi Bening, Nyanyian Angsa by the Bandung Theater Study Club, Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Tel. 022 4233562), 8 p.m., April 16 - 18.

S&P may downgrade RI

S&P may downgrade RIOvais Subhani, Reuters, Singapore Standard and Poor's said on Monday it will "most probably" downgrade Indonesia to selective default after the Paris Club of creditor nations struck a deal that may force private investors to share the pain of a debt restructuring.

On prisons for HIV/AIDS carriers

On prisons for HIV/AIDS carriers I was shocked to read the letter by Andi Abdussalam in The Jakarta Post on April 11 concerning the increasing number of inmates testing positive for HIV/AIDS in Salemba Penitentiary.

U.S. court rules in favor of Pertamina

U.S. court rules in favor of PertaminaMoch. N. Kurniawan, The Jakarta Post, Jakarta State-owned oil and gas company Pertamina said on Monday it had won a United States court ruling to release assets frozen by two U.S.

Competition helps curb corruption: Scholar

Competition helps curb corruption: ScholarA'an Suryana, The Jakarta Post, Jakarta Liberalization and law enforcement constitute key factors in the elimination of widespread corruption in transitional countries, such as Indonesia and Russia, an international researcher said on Monday.

Bali's mangrove forests may be headed toward extinction

Bali's mangrove forests may be headed toward extinctionAnanta Wijaya, Contributor, Nusa Dua, Bali Mangrove forests in Suwung, Bali once covered a vast area and were home to thousands of wild birds and other diverse species of animals and plants.

Retail index down in January and February

Retail index down in January and FebruaryMoch. N. Kurniawan, The Jakarta Post, Jakarta The sales volume of grocery goods contracted in January and February, as indicated by a decline in the retail index, according to a bimonthly survey by ACNielsen Indonesia.

Privatization 'must not ignore workers'

Privatization 'must not ignore workers'Kurniawan Hari, The Jakarta Post, Jakarta As opposition from workers to privatization drives mounts, scholars are calling for more dialog and a longer preparation period before a state-owned enterprise is privatized.

Street crime

Street crimeFrom Warta KotaCrime in Jakarta, Bogor, Tangerang and Bekasi is common. Besides robbing motorcycles, criminals often act cruelly, injuring or even killing their victims.The police have not been successful in disclosing or arresting the perpetrators so they remain free.

Government gearing up for London Club meeting

Government gearing up for London Club meetingDadan Wijaksana, The Jakarta Post, Jakarta After securing a US$5.4 billion debt rescheduling facility from the Paris Club of creditor nations last week, the government is now gearing up to seek comparable treatment from the London Club of private...

Government, NGOs move to prevent 'lost generation'

Government, NGOs move to prevent 'lost generation'Leo Wahyudi, The Jakarta Post, Jakarta Representatives of state agencies and nongovernmental organizations (NGOs) agreed here on Monday to step up various nutrition programs to reduce the number of undernourished children and thereby prevent the...

* Headlines: Stiffer sentence urged for IPR violators 2

* Headlines: Stiffer sentence urged for IPR violators 2* Opinion: ASEAN needs to address illegal arms trade 4* City: Witness paid to lie in Tommy case: Police 6* Archipelago: U.S. ambassador meets PDP officials 7 * National: Govt, NGOs try prevent 'lost generation' 8* World: Chavez to improve ties...

Residents demand unfulfilled promises

Residents demand unfulfilled promisesRendi A. Witular, The Jakarta Post, Jakarta Local residents living near the site of the Bantar Gebang dump in Bekasi are complaining over the slow development of public facilities worth Rp 14 billion (US$1.

Public transport needs massive investment

Public transport needs massive investmentM. Ali, Nottingham University, United Kingdom Anyone returning to Jakarta after a length of time away will no doubt notice the ugly, strangling traffic of the capital. Trying to get around is a painfully slow, boring and frustrating experience.

Singapore warns of China's rise

Singapore warns of China's riseAgence France-Presse, Singapore Singapore pushed Monday for a unified Southeast Asian economy, warning China's rise on the world stage carried "deep implications", particularly for the income of developing countries.