Indonesian Political, Business & Finance News

Archive: 10 May 2002

81 articles found

FOR ADVERTORIAL purposes

FOR ADVERTORIAL purposes A stable investment partner for Indonesia Investors from the EU have traditionally shown a strong interest in Indonesia. Reforms in Indonesia's Foreign Direct Investment (FDI) regulations, which took place in 1994, triggered a substantial increase in investment activity by...

UN responsible for E. Timor unrest, says Gen. Damiri

UN responsible for E. Timor unrest, says Gen. DamiriTiarma Siboro and Tertiani ZB Simanjuntak, The Jakarta Post, Jakarta An Indonesian Military (TNI) general said on Wednesday that the United Nations had a share of the blame in the violence and human rights violations before, during and after the...

Bhakti Investama to offer bonds

Bhakti Investama to offer bonds JAKARTA: Securities firm PT Bhakti Investama said Wednesday it would issue up to Rp 200 billion (US$21.27 million) worth of bonds next month to raise funds for new investments and working capital.The bonds will be split into two tranches.

Thailand to fight foreign retailers

Thailand to fight foreign retailers Bangkok said Wednesday it would set up an advocacy body to help Thai retailers resist fierce competition from foreign superstores that now control 40 percent of the local market."The cabinet approved 395 million baht (US$9.

For ADVERTORIAL purposes

For ADVERTORIAL purposes RI's second largest trading partner Trade relations between the EU and Indonesia have benefited from Indonesia's export diversification policy that was initiated in the mid-80s. Over the period of 1980 to 2000, the EU's share in Indonesian exports has been steadily growing.

Man shot to death in clash

Man shot to death in clash JAKARTA: A man was shot to death and three other people were severely injured in a gang shootout on Jl. Kemang IV No. 9 in Bangka subdistrict, South Jakarta, on Tuesday night.The deceased was identified Samsi S Tuasah, 34, an Army's chief sergeant from Bandung.

East Timor gets its own stamps

East Timor gets its own stamps AUSTRALIA: Australia Post on Thursday donated two million stamps to East Timor, the former Indonesian province that later this month will become the first new country of the new millennium.

Govt acts on FKM, troublemakers in Maluku

Govt acts on FKM, troublemakers in MalukuTiarma Siboro and Muhammad Nafik, The Jakarta Post, Jakarta Coordinating Minister for Political and Security Affairs Susilo Bambang Yudhoyono has issued a directive ordering the dissolution of the pro-independence Maluku Sovereignty Front(FKM), and the...

Lombok textile industry gets aid

Lombok textile industry gets aid MATARAM, West Nusa Tenggara: The New Zealand government plans to assist in the development of a traditional textile mill, known locally known as a gedogan, in West Nusa Tenggara.

FOR ADVERTORIAL purposes

FOR ADVERTORIAL purposes A stable investment partner for Indonesia Investors from the EU have traditionally shown a strong interest in Indonesia. Reforms in Indonesia's Foreign Direct Investment (FDI) regulations, which took place in 1994, triggered a substantial increase in investment activity by...

Moral values in sexuality separated from reality?

Moral values in sexuality separated from reality?Asip A. Hasani, The Jakarta Post, Yogyakarta Clad in a feminine dress, a young man cries as he walks around his mother's dead body."Who forced me to be born in this world?" he yelled. "Mother, let me be back into your womb or take me back to my youth.

Insulting other ethnic groups

Insulting other ethnic groupsFrom RepublikaIt has been very interesting to watch the ongoing trial of Tommy Soeharto on Metro TV. One of the hearings I found most interesting was when the widow of the late Supreme Justice Syafiuddin Kartasasmita testified before the court.

Police find parts of mutilated body of man

Police find parts of mutilated body of manNana Rukmana, The Jakarta Post, Cirebon Police found the feet and hands of a man on a beach here on Thursday evening only two days after other parts of the same body were discovered under a bridge on Jl. Cipto Mangunkusumo.

Protesters seek fishermen's release, attack council

Protesters seek fishermen's release, attack councilApriadi Gunawan, The Jakarta Post, Medan A rally at the provincial legislature to demand the release of 22 detained fishermen, including youths, ended in violence on Wednesday as the protesters vandalized two faction sign boards outside the...

Most Telkom units posted losses in 2001

Most Telkom units posted losses in 2001The Jakarta Post, Jakarta State-owned telecommunications company PT Telkom announced on Wednesday that 17 of its subsidiaries suffered losses last year, with the remaining two posting considerable profits.

Act of segregation

Act of segregation Having been living in Jakarta for almost four years, I thought I had seen it all with people's attitudes, racism, bias and indifference towards each other and foreigners. However, I think my experience today takes the biscuit.

Questioning Hamzah Haz

Questioning Hamzah Haz Vice President Hamzah Haz is known as a controversial figure. He often deliberately breaks the official government line, raising eyebrows here and there, and causing people to question his true stance.

Asian monies down, dollar questioned

Asian monies down, dollar questionedAlan Yonan Jr., Dow Jones, Singapore The dollar held its ground against most Asian currencies Thursday, although many analysts questioned whether its recent rally is sustainable.

FCB targets billing growth of 150%

FCB targets billing growth of 150%The Jakarta Post, Jakarta Advertising company Foote, Cone & Belding (FCB) is targeting billing growth of 150 percent from US$4.7 million last year to $12 million this year.

Hamzah rapped for visiting detained Ja'far

Hamzah rapped for visiting detained Ja'farThe Jakarta Post, Jakarta Vice President Hamzah Haz's visit to detained Laskar Jihad commander Ja'far Umar Thalib has drawn strong criticism from leaders of the country's highest institutions.

For ADVERTORIAL PURPOSES:

For ADVERTORIAL PURPOSES: EURO DAY - May 8 EU-RI development co-operation Development co-operation between the EC - as the executive body of the EU - and the government of Indonesia started in 1976. Since then, a stable and continuous relationship has been built, in which Indonesia's own...

TV Program: Friday, May 10, 2002

TV Program: Friday, May 10, 2002TVRI .tb .30" .90" 5:00 a.m. Religious Teachings6:00 News8:00 Environment8:30 Children's Program9:00 Cooking Program10:00 Technology11:00 Regional News11:30 Music12:00 p.m.

1. KPMG (1 x 32)

1. KPMG (1 x 32) KPMG eying Andersen consulting units JP/ KPMG Consulting seeking Andersen consulting units Bill Rigby Reuters New YorkKPMG Consulting Inc. said on Wednesday it offered to buy up to 23 of Andersen's business consulting units in the United States and overseas for US$284 million, as...

Refugees given until May 20 to return to East Timor

Refugees given until May 20 to return to East TimorYemris Fointuna, The Jakarta Post, Kupang East Timorese refugees will have until May 21 to choose whether to join the ongoing repatriation program. Otherwise they will be considered as having accepted Indonesian nationality, a security officer said.

Triumph offer 'Hat-trick' bra

Triumph offer 'Hat-trick' bra TOKYO: A Japanese lingerie maker is keeping abreast of the World Cup bandwagon with a special "Hat-trick" bra designed to commemorate the finals of the football tournament here in three and a half weeks.

For ADVERTORIAL PURPOSES:

For ADVERTORIAL PURPOSES: EURO DAY - May 8 Message from the European Commission In the aftermath of the Second World War, Europe lay in ruins. Rebuilding Europe required a radically new way of building friendship and co-operation between European nations and peoples.

Tommy's alleged hit men get life

Tommy's alleged hit men get lifeMuninggar Sri Saraswati and Damar Harsanto, The Jakarta Post, Jakarta The Central Jakarta District Court handed down life sentences to two hitmen allegedly hired by Hutomo "Tommy" Mandala Putra on Wednesday for the assassination of Supreme Court Justice M.

'Lending to Asia slowly picking up'

'Lending to Asia slowly picking up'Alice Ratcliffe, Reuters, Zurich International bank credit is once again trickling back to Asia but remains well below the peaks hit in the pre-crisis period to mid-1997, latest data from the Bank for International Settlements (BIS) show.

1. SBI (2x28)

1. SBI (2x28) Interest rate down this week, more cuts to come: Central bank 2. Trade (2x26) RI protests RP's safeguard tariff on ceramics 3. Telkom (2x18) Most Telkom units posted losses in 2001 4. VAT (2x23) IPPs ask Supreme Court to settle VAT dispute

Satelindo to invest in Kalimantan, Sulawesi

Satelindo to invest in Kalimantan, SulawesiRendi A. Witular, The Jakarta Post, Jakarta Cellular operator PT Satelit Palapa Indonesia (Satelindo) plans to invest some US$250 million this year to develop the cellular infrastructure in Kalimantan and Sulawesi, a senior company official said on...

Council takes back words, agrees on Monas fencing

Council takes back words, agrees on Monas fencingAhmad Junaidi The Jakarta Post JakartaDespite protests from the public, the City Council gave the green light on Wednesday to the city administration's plan to build a four-kilometer-long fence encircling the National Monument (Monas) Park in Central...

Interest rate down this week, more cuts to come: BI

Interest rate down this week, more cuts to come: BIDadan Wijaksana, The Jakarta Post, Jakarta The Bank Indonesia benchmark interest rate fell again on Wednesday, with the central bank hoping to maintain this downward trend on signs of easing inflationary pressure, a strengthening of the rupiah and...

Internet blackout fails to materialize

Internet blackout fails to materializeRendi A. Witular, The Jakarta Post, Jakarta The Association of Indonesian Internet Service Providers (APJII) canceled at the last minute a planned three-day Internet blackout because of objections from its members.

Four die in Ambon clash

Four die in Ambon clash AMBON, Maluku: A clash broke out between residents of the neighboring villages of Porto and Haria in Central Maluku on Wednesday, leaving four people dead and nine others injured.Police identified two of the fatalities as Buce Sahertian and Punggul Sahertian.

Replacement of judges in BUN case trial sought

Replacement of judges in BUN case trial soughtTertiani ZB Simanjuntak, The Jakarta Post, Jakarta The prosecutors handling a graft trial involving officials of the now-defunct Bank Umum Nasional (BUN) have demanded the replacement of the panel of judges under suspicion of a conflict of interest...

1. Stlind (1 x 30)

1. Stlind (1 x 30) Satelindo to open network in Kalimantan, Sulawesi JP/ /satelindoSatelindo to expand network in Kalimantan, Sulawesi Cellular operator PT Satelit Palapa Indonesia (Satelindo) plans to invest some US$250 million this year to develop the cellular infrastructure in Kalimantan and...

Reporters in anti-Bambang protest

Reporters in anti-Bambang protest JAKARTA: More than 80 journalists from various media signed a petition against State Secretary/Cabinet Secretary Bambang Kesowo on Wednesday, protesting his increasingly standoffish behavior in dealing with them.

Workers stage protest

Workers stage protest JAKARTA: Around 300 workers from PT Indo Panca Garmindo staged a protest rally in front of the Central Jakarta District Court on Jl. Gajah Mada on Wednesday demanding the court delay a verdict on the company's bankruptcy.

Citigroup eyes Singapore bank

Citigroup eyes Singapore bank SINGAPORE: U.S. financial services giant Citigroup is eager to acquire a Singapore bank to consolidate its already strong position in the city-state, an executive said in remarks published Wednesday.

Singaporean wins arts award: Artist Francis Ng Teck Yong from

Singaporean wins arts award: Artist Francis Ng Teck Yong from Singapore won the US$15,000 grand prize at this year's ASEAN Arts Awards 2002 held at the Bali International Convention Center in Nusa Dua on Thursday, for his work titled Constructing Construction #1, a photographic print (C-type). -- JP

17 countries set to take part in Karate's Indonesia Open

17 countries set to take part in Karate's Indonesia OpenMusthofid, The Jakarta Post, Jakarta Seventeen countries have confirmed that they will take part in the next month's Indonesia Open Karate Tournament, where host Indonesia will field two teams, the organizing committee said on Wednesday.

RI seeking 5th straight Thomas Cup title

RI seeking 5th straight Thomas Cup titleNovan Iman Santosa, The Jakarta Post, Guangzhou, China The Indonesian Thomas Cup team is ready to beat the odds in its campaign to make history by winning the coveted trophy five times in a row."It is very important for us (to win the cup).

Search for hidden hand in UMNO smear attack

Search for hidden hand in UMNO smear attackJoceline Tan, The Star, Asia News Network, Selangor, Malaysia The last few weeks have been a hell of sorts for Puteri United Malays National Organization (UMNO) head Azalina Othman Said.

'Bus fare hike not to exceed 40 percent'

'Bus fare hike not to exceed 40 percent'Bambang Nurbianto, The Jakarta Post, Jakarta The city administration will announce a public transportation fares increase next week, bowing to pressure from the public transportation operators after the government raised fuel prices by 14.46 percent on May 3.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on May 8 , 2002:-------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Abdi Bangsa Tbk 390 10 47,500 Ades Alfindo...

RI to go on developing nuclear technology: Mega

RI to go on developing nuclear technology: MegaAnnastashya Emmanuelle, The Jakarta Post, Jakarta President Megawati Soekarnoputri said on Wednesday Indonesia would continue to develop nuclear technology as an alternative source of energy, not for arms or defensive purposes.

Spanish ambassador visits Karawaci

Spanish ambassador visits Karawaci TANGERANG: The Spanish ambassador to Indonesia, Damaso da Lario, visited the Lippo Karawaci housing estate on Wednesday to maintain the good relations with the community living in and around the estate.

36 Navy warships need repair

36 Navy warships need repair SURABAYA: A total of 36 Indonesian Navy warships are not battle-ready, says Navy Chief of Staff Vice Admiral Bernard Kent Sondakh.Sondakh was quoted by Antara news agency as making this comment to First Gentleman Taufik Kiemas, who visited the Eastern Region Navy...

'Sri Bumi' satires sad reality

'Sri Bumi' satires sad realityKartika Bagus C., The Jakarta Post, Surakarta Living in Indonesia is confusing. It's said the country is rich and famed for its green rice fields but the facts show it to be the other way around: We don't have enough rice to feed the people and have to import it from...

Indonesia's oil-saving efforts going nowhere

Indonesia's oil-saving efforts going nowhereThe Jakarta Post, Jakarta Big consumers who are reluctant to save gasoline and diesel fuel have become the thorn in the side of the transportation sector's oil-based conservation efforts, but as fuel prices continue to increase experts now are calling for...

RI protests RP's safeguard tariff meassure on ceramics

RI protests RP's safeguard tariff meassure on ceramicsAdianto P. Simamora, The Jakarta Post, Jakarta The government of Indonesia has formally asked the Philippine government, via that country's ambassador at the Geneva-based World Trade Organization (WTO), to revoke the high import tariff imposed...

From Warta Kota

From Warta KotaTelevisi Pendidikan Indonesia (TPI), originally established for educational purposes, seems to be somewhat deviating from its true mission now. We used to advise our children to watch TPI frequently to increase their knowledge, such as through the "Discovery series.

Short circuit may be hotel fire couse

Short circuit may be hotel fire couseThe Jakarta Post, Jakarta Police investigating the recent hotel fire in Bandung, West Java are exploring the possibility of a short circuit in the hotel's discotheque as the cause of the blaze, which left three people dead. Greater Bandung Police chief Sr. Supt.

For ADVERTORIAL purposes

For ADVERTORIAL purposes RI's second largest trading partner Trade relations between the EU and Indonesia have benefited from Indonesia's export diversification policy that was initiated in the mid-80s. Over the period of 1980 to 2000, the EU's share in Indonesian exports has been steadily growing.

Bus fares up in Yogyakarta

Bus fares up in Yogyakarta YOGYAKARTA: Bus drivers here ended their strike on Wednesday after six hours of negotiations with government officials and the provincial legislature resulted in an agreement on a temporary fare increase.

For ADVERTORIAL PURPOSES:

For ADVERTORIAL PURPOSES: EURO DAY - May 8 EU-RI development co-operation Development co-operation between the EC - as the executive body of the EU - and the government of Indonesia started in 1976. Since then, a stable and continuous relationship has been built, in which Indonesia's own...

Airline staff divided over Sutiyoso

Airline staff divided over SutiyosoLeo Wahyudi S, The Jakarta Post, Jakarta Pilots and stewardesses also have their opinions on Sutiyoso, the city governor, who will end his first five-year term in October.

Government asks media to jointly define rules

Government asks media to jointly define rulesKurniawan Hari, The Jakarta Post, Jakarta The government has called on media organizations to sit down with government officials to formulate regulations necessary to create what it calls as responsible media.

Improve troops' mobility in nearly lawless Maluku

Improve troops' mobility in nearly lawless MalukuSiswo Pramono, PhD Candidate, Australian National University, Canberra A modicum of "peace" has been attained in Maluku and cemented in the Malino II peace agreement. The incident in Soya coined a question of how to protect the fragile peace.

Govt asks media to jointly outline rules

Govt asks media to jointly outline rulesKurniawan Hari The Jakarta Post JakartaThe government has called on media organizations to sit down with government officials to formulate regulations necessary to create what it calls as responsible media.

1. Stlind (1 x 30)

1. Stlind (1 x 30) Satelindo to open network in Kalimantan, Sulawesi JP/ /satelindoSatelindo to expand network in Kalimantan, Sulawesi2. Money (1 x 40) Asian monies down late; dollar questioned JP/3. Apji (2 x 27) Internet blackout threat fails to materialize JP/ /apjii4.

Antiterrorism bill to go to House in June

Antiterrorism bill to go to House in JuneTiarma Siboro, The Jakarta Post, Jakarta The government is proposing to submit very soon to the House of Representatives an antiterrorism bill, which allows foreign countries to prosecute terrorists in Indonesia and threatens stiff sanctions against them.

TNI remains dominant in politics

TNI remains dominant in politicsMuhammad Nafik, The Jakarta Post, Jakarta The Indonesian Military (TNI) is still powerful in politics and is even seeking to reinstate its control over the civilian leadership, prompting the stalling of the nation's sweeping reforms, says a study into the views of...

Kalijodo gangs sign peace deal

Kalijodo gangs sign peace deal The leaders of two warring gangs in the Kalijodo brothel and gambling complex in Penjaringan district, North Jakarta, signed an agreement on Wednesday to end their long-standing feud.

Stiff sanctions needed for crooked lawyers

Stiff sanctions needed for crooked lawyersA'an Suryana, The Jakarta Post, Jakarta "Who helps criminals before they get arrested? The answer: Acquaintances. And who helps criminals after they get arrested? The answer: Lawyers ...

For ADVERTORIAL PURPOSES:

For ADVERTORIAL PURPOSES: EURO DAY - May 8 Message from the European Commission In the aftermath of the Second World War, Europe lay in ruins. Rebuilding Europe required a radically new way of building friendship and co-operation between European nations and peoples.

Aceh peace talks resume with both sides equally adamant

Aceh peace talks resume with both sides equally adamantAnnastashya Emmanuelle, The Jakarta Post, Jakarta The government and the Free Aceh Movement (GAM) resumed peace talks in Geneva, Switzerland, on Thursday, but with both sides sticking to their agendas it remains to be seen if this latest round...

'TVRI' and musicians

'TVRI' and musiciansFrom KompasNew live music programs on state-owned television station TVRI have enjoyed a good response from music buffs across the country, particularly rock musicians.The question is, how can TVRI enable unknown and unrecorded music groups to appear twice in one show? Actually,...

For ADVERTORIAL purposes

For ADVERTORIAL purposes RI's second largest trading partner Trade relations between the EU and Indonesia have benefited from Indonesia's export diversification policy that was initiated in the mid-80s. Over the period of 1980 to 2000, the EU's share in Indonesian exports has been steadily growing.

Europe may help keep Asia's recovery on track, says ADB

Europe may help keep Asia's recovery on track, says ADBAndrew Priest, Reuters, Shanghai Delegates began arriving here on Wednesday for the Asian Development Bank's annual meeting as a senior ADB economist said an unexpected pickup in European growth may insulate Asian exporters from any cooling in...

Rupiah Rates May.8

Rupiah Rates May.8 Bank notes rates TT rates Selling Buying Selling Buying Rp Rp Rp Rp U.S. dollar 1 9,798.00 8,798.00 9,344.00 9,252.00Australian dollar 1 5,329.13 4,780.83 5,082.20 5,027.54Brunei dollar 1 5,423.75 4,867.50 5,172.43 5,118.67Canadian dollar 1 6,253.51 5,611.69 5,963.75 5,901.

Officials powerless against bylaw violators

Officials powerless against bylaw violatorsMulta Fidrus, The Jakarta Post, Tangerang The bylaw stipulates clearly that the riverbanks, which are included as green areas, must be free from buildings. The fact shows that two fancy restaurants are standing on the Cisadane riverbank.

UNAMET responsible for East Timor unrest: General

UNAMET responsible for East Timor unrest: GeneralTiarma Siboro and Tertiani ZB Simanjuntak The Jakarta Post Jakarta An Indonesian Military (TNI) general said on Wednesday that the United Nations had a share of the blame in the violence and human rights violations before, during and after the...

Floods kill three in S. Sulawesi

Floods kill three in S. Sulawesi MAKASSAR, South Sulawesi: Three people were found dead in Bone district, South Sulawesi, following three days of flooding.The victims from Awangtangka village in Kajuara subdistrict were identified as Dahlia Beddua, Petta Esa and his grandchild, Antara news agency...

IPPs asks Supreme Court to settle VAT dispute

IPPs asks Supreme Court to settle VAT disputeMoch. N. Kurniawan, The Jakarta Post, Jakarta Independent geothermal power producers (IPPs) in the country are putting their last hopes on the Supreme Court to independently settle their dispute with the tax office over a controversial value added tax...

To Chinese businessmen

To Chinese businessmenFrom Warta KotaFormer president Abdurrahman "Gus Dur" Wahid recently called on wealthy Chinese businessmen in Indonesia to assist small and medium-scale businessmen in the country, regardless of their origins.

Satelindo to expand network in Kalimantan, Sulawesi

Satelindo to expand network in Kalimantan, SulawesiRendi A. Witular The Jakarta Post JakartaCellular operator PT Satelit Palapa Indonesia (Satelindo) plans to invest some US$250 million this year to develop the cellular infrastructure in Kalimantan and Sulawesi, a senior company official said on...

Tommy's trial postponed due to his lawyers' absence

Tommy's trial postponed due to his lawyers' absenceMuninggar Sri Saraswati and Damar Harsanto, The Jakarta Post, Jakarta The Central Jakarta District Court postponed on Wednesday the trial of Hutomo "Tommy" Mandala Putra due to the absence of his lawyers, who were protesting over the arrest of...

HK shokcs RI with 3-2 win in Uber Cup heat

HK shokcs RI with 3-2 win in Uber Cup heatNovan Iman Santosa, The Jakarta Post, Guangzhou, China Indonesia was stunned 2-3 by Hong Kong in the opening day of Badminton's Uber Cup on Thursday in the southern Chinese city of Guangzhou, while China swept past Sweden in the Thomas Cup event.

Hamzah to visit Batam

Hamzah to visit Batam BATAM, Riau: Vice President Hamzah Haz is scheduled to make a two-day visit to Batam island, starting on Friday. Hamzah, who is an economist, is expected to open a seminar organized by the Indonesian Association of Economists (ISEI) and to open a women's painting exhibition on...

Presidential security guards in E. Timor: Five members of the

Presidential security guards in E. Timor: Five members of the Indonesian presidential security force have arrived in East Timor to make security arrangements for a visit by President Megawati Soekarnoputri who will attend the independence ceremony of the new state on May 20.