Indonesian Political, Business & Finance News

Archive: 20 June 2002

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Shrimp farmers suffer from U.S. ban

Shrimp farmers suffer from U.S. ban TANGERANG: Many of the 600 shrimp farmers in Kronjo, Lontar, Muara and Teluk Naga districts in Tangerang regency have been forced to close down their businesses following the United States' ban on Indonesian shrimp imports. The regency's fishery agency chief, Deden Sugandi, said on Wednesday that the four districts had previously managed to export an average of 30 tons of shrimp annually to the U.S., the largest export market. He said research in the U.S.

Making elections credible

Making elections credible While we have all gloated about how the 1999 general election was the most democratic Indonesia has held in more than four decades, few people have really asked the question whether it was credible. If we truly looked at the way the elections were organized, we'd find that it was hardly credible at all. It was certainly much better and more democratic in relation to the previous six elections held during the Soeharto regime.

ANZ, Commerce still interested in Niaga stake

ANZ, Commerce still interested in Niaga stake Dadan Wijaksana, The Jakarta Post, Jakarta Australia's ANZ Banking Group Ltd. and Malaysian financial group Commerce Asset-Holding Group Bhd. are still interested in bidding for the government's controlling stake in medium-sized Bank Niaga, according to Chairman of the Indonesian Bank Restructuring Agency (IBRA) Syafruddin Temenggung.

Where to go in Bali: Thursday, June 20, 2002

Where to go in Bali: Thursday, June 20, 2002 Exhibitions * Painting Balinese Women, at Duta Wijaya office complex, Jl. Raya Puputan Renon, Denpasar, until July 15. * Photo Glory of the Past by Nonot S Utomo, Jezz Gallery, Jl. Imam Bonjol 400, Denpasar, 10 a.m. to 6 p.m., until July 22. Bali Arts Festival (PKB) from June 22 through July 22. June 22: All venues except the opening ceremony will take place at Denpasar Arts center, Jl. Nusa Indah.

Media cross-ownership to be limited

Media cross-ownership to be limited Fabiola Desy Unidjaja, The Jakarta Post, Jakarta Lending a deaf ear to demands from major media owners, the government and House of Representative agreed on Wednesday in the broadcasting bill to limit media cross-ownership. They argued that such a limitation was necessary to prevent a monopoly of opinion by major media groups.

Pertamina Balongan workers on strike

Pertamina Balongan workers on strike INDRAMAYU, West Java: Temporary workers at the Balongan, West Java, oil refinery of state oil and gas company Pertamina staged their second day of protest over demands for higher wages on Wednesday. A Pertamina spokesman said the protests did not disrupt operations at Balongan, which supplies the bulk of Jakarta's fuel.

Tourists yes... but environment first

Tourists yes... but environment first Dean Yates Reuters Selemadeg Kaja, Bali Staring at the terraced green rice fields that drop away into the distance, Putu Mahardika ponders how to tap the tourist trade on Indonesia's Bali island without harming his village's pristine environment.

'Judge killed by gun found at Tommy's hideout'

'Judge killed by gun found at Tommy's hideout' Muninggar Sri Saraswati, The Jakarta Post, Jakarta Supreme Court Judge M. Syafiuddin Kartasasmita was killed by a bullet that came from one of six guns found at a home rented by Hutomo "Tommy" Mandala Putra in Pondok Indah, an expert testified on Wednesday. "Based on the ballistics tests, we found that several bullets found in the victim's body and at the location where the murder took place came from a nine-millimeter Baretta gun," Lt. Col.

Education ministry useless

Education ministry useless From Warta Kota This newspaper in its June 11 edition reported head of secondary and tertiary education service of Jakarta as saying that government schools were free to collect money when receiving new students. In this context, several points should be considered: * Entrance tests for government schools are no longer necessary because the places are given only to those who can afford them.

Court offers PKB solution

Court offers PKB solution JAKARTA: The trial began on Wednesday for a lawsuit filed by Minister of Defense Matori Abdul Djalil protesting his dismissal as chairman of the National Awakening Party (PKB) with judges offering an out-of-court settlement. The panel of judges, presided over by Tusani Jufri at the South Jakarta District Court told the lawyers that the dispute should be settled amicably. The trial was adjourned until July 4.

Central and East Java agree on river management

Central and East Java agree on river management Ainur R. Sophiaan, The Jakarta Post, Surabaya The provincial administrations of Central Java and East Java signed on Tuesday an agreement on environmental and resource management of the Bengawan Solo River, which flows though the two provinces. Both administrations agreed they would gradually demolish houses along the riverbank to avoid flooding in the area. "We will inform people in both provinces of this matter.

Councillors slam agency over garbage handling

Councillors slam agency over garbage handling Bambang Nurbianto, The Jakarta Post, Jakarta Councillors slammed the city sanitary agency on Wednesday for its lack of seriousness in using incinerators to handle garbage.

Ramadhan KH gets book about himself

Ramadhan KH gets book about himself JAKARTA: What is the best birthday present a writer could be given? For Ramadhan KH, the answer is a book about himself written by his friends. His fellow writers gathered on Wednesday for the launch of Ramadhan KH, Tiga Perempat Abad (Ramadhan KH turns 75), a collection of articles about the author by other writers, "mentors" and friends, including Rosihan Anwar, Ratmini Soedjatmoko, Sitor Situmorang and Mochtar Lubis.

Flawed law enforcement

Flawed law enforcement What has made domestic and foreign investors afraid of doing business in Indonesia? The answer is law enforcement, the lack of tax holidays, electricity and skilled workers. Anxiety has likely been confirmed by the Central Jakarta Commercial Court's verdict on PT Asuransi Jiwa Manulife Indonesia (AJMI), a life insurance company. The court declared AJMI bankrupt as the latter failed to pay dividends to its partner PT Dharmala Sakti Sejahtera (DSS).

Manulife case sparks high-level talks between RI-Canada

Manulife case sparks high-level talks between RI-Canada The Jakarta Post Jakarta The intensifying legal battle between Canadian insurance company Manulife Financial Corp., and its former Indonesian partner the Gondokusumo family has once again triggered high-level talks between the Indonesian and Canadian governments amid fears the case could strain relations between the two countries.

Manulife fiasco instigates high-level talks

Manulife fiasco instigates high-level talks The Jakarta Post, Jakarta The intensifying legal battle between Canadian insurance company Manulife Financial Corp., and its former Indonesian partner the Gondokusumo family has once again triggered high-level talks between the Indonesian and Canadian governments amid fears the case could strain relations between the two countries.

Ancient and modern art sits side by side

Ancient and modern art sits side by side Christina Schott, Contributor, Jakarta Two longboats with two families aboard floating on the water. They are probably in search of a better life. One of these families is from Flores, East Nusa Tenggara, immortalized in terracotta by an unknown sculptor, who probably lived more than 200 years ago. The other family is Javanese made of fiberglass and copper plating made just some days ago, created by Taufan AP, a 27-year-old artist from Yogyakarta.

Vietnam spikes Indonesia's title bid

Vietnam spikes Indonesia's title bid Musthofid, The Jakarta Post, Jakarta Indonesia looks to have lost hope of winning the ASEAN Junior Men's Volleyball Championship after an upset 2-3 defeat to Vietnam in a thrilling match at the Bung Karno Basketball Hall here on Wednesday. Indonesia, coached by former national representative Syamsul Jais, must now beat defending champions Thailand on Thursday if it hopes to progress.

Economy and security

Economy and security From Koran Tempo The only habit that human beings never seem to be able to give up is justifying their own actions and blaming other people when things go wrong. With the country in such a bad way, this habit has become even more pronounced. In the context of economic recovery, high-ranking officials in the economic sector usually blame the security situation as the reason why economic recovery has been very slow.

Some AJMI customers have started terminating contracts

Some AJMI customers have started terminating contracts A'an Suryana, The Jakarta Post, Jakarta Some worried policyholders of insurance company PT Asuransi Jiwa Manulife Indonesia (AJMI) have begun to prematurely terminate their insurance contracts and seek cash withdrawals after the Commercial Court declared the company bankrupt last Thursday.

Police seize 107 grams of marijuana

Police seize 107 grams of marijuana KUPANG, East Nusa Tenggara: The East Nusa Tenggara Police have arrested five drug traffickers, including three Maluku residents, and seized 28 packages of dried marijuana, weighing a total of 107.87 grams, an officer said on Wednesday. East Nusa Tenggara Police spokesman Adj. Comr. I Wajan Dana said the five were arrested in the provincial capital of Kupang on Tuesday.

JP/6/OTHER2

JP/6/OTHER2 The Attorney General's party The wedding reception of the daughter of Attorney General M.A. Rachman made headlines, with two legislators lambasting the party which they said cost Rp 500 million with an invitation list of 5,000 people. Spokesman of the Attorney General's office Barman Zahir however, said the reception was far from luxurious and that there were only some 200 invitees.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 19, 2002: -------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Abdi Bangsa Tbk 370 0 0 Ades Alfindo Tbk 1,175 25 259,000 Adindo Foresta 50 0 1,000 AGIS Tbk 125 10 580,500 Akbar Indo Makmur 365 0 0 Alakasa Industrindo 185 0 0 Alfa Retailindo Tbk 775 -25 1,500 Alter Abadi Tbk 45 0 0 Alumindo Light 650 0 0...

Direct election of Jakarta governor still possible: Cetro

Direct election of Jakarta governor still possible: Cetro Damar Harsanto, The Jakarta Post, Jakarta The Center for Electoral Reform (Cetro) said on Wednesday that a direct gubernatorial election for the city's next governor was still possible this year even though the upcoming election is scheduled for September. "The final say rests with the city councillors.

Joint religious office must be independent: Scholars

Joint religious office must be independent: Scholars Muhammad Nafik, Berni K. Moestafa, The Jakarta Post, Jakarta Scholars from different faiths gave backing on Wednesday for a call to establish a joint office to promote religious harmony across the country, but stressed that it must be independent and credible. They warned that such a joint religious secretariat would become ineffective once it allowed the government to intervene and accommodated only government-recognized religions.

Three killed in communal clash in South Sulawesi

Three killed in communal clash in South Sulawesi Jupriadi, The Jakarta Post, Makassar At least three people have been killed, four seriously injured, and more than one hundred houses burned down following a communal clash between residents of Cappasolo and Padang villages in East Malangke subdistrict, North Luwu regency, South Sulawesi, since Monday. The clash forced hundreds of residents from both villages to move to safer locations, at Palopo, Luwu Regency and other nearby villages.

1. RUSUH: 12 x 4 lines

1. RUSUH: 12 x 4 lines Three killed in communal clash in S. Sulawesi 3 killed, 4 hurt At least three people have been killed, four seriously injured, and more than one hundred houses burned down following a communal clash between residents of Cappasolo and Padang villages in East Malangke subdistrict, North Luwu regency, South Sulawesi, since Monday. The clash forced hundreds of residents from both villages to move to safer locations, at Palopo, Luwu Regency and other nearby villages.

191 MPs got Banpres funds, says legislator

191 MPs got Banpres funds, says legislator Fabiola Desy Unidjaja, The Jakarta Post, Jakarta As many as 191 legislators received loans worth Rp 40 million each from the off-budget Presidential Aid Fund (Banpres) during the leadership of former president Soeharto but have not repaid the money in full, a legislator said Wednesday.

Joint team to follow up RI-Czech agreements

Joint team to follow up RI-Czech agreements The Jakarta Post, Jakarta President Megawati Soekarnoputri said on Wednesday that Indonesia and the Czech Republic would form a joint commission to follow up talks over cooperation between the military and in the agriculture industry. The agreement to set up the joint commission followed Megawati's meeting with Czech President Vaclav Havel.

Retreat islands in Singapore's backyard

Retreat islands in Singapore's backyard Fadli Contributor Batam The hotel business, including the resort hotels on Batam and the nearby island of Bintan, has been booming in the past three years despite a setback in the hotel industry in the other parts of the country. While many hotels are struggling to survive amid the downfall in the number of foreign tourists, the hotel industry on the two islands is doing quite well.

Lawyer says bankruptcy law must be revised

Lawyer says bankruptcy law must be revised The Jakarta Post, Jakarta Indonesia's Bankruptcy Law No. 4/1998 must be revised because it does not provide certainty for businesses and investors, according to a lawyer specializing in bankruptcy cases. Hotman Paris Hutapea said that the logic of the law was weak because a company that failed to repay one of its debts could be declared bankrupt by the judges even if it had assets much greater than its liabilities.

A touch of Bali from Batubulan

A touch of Bali from Batubulan I Wayan Juniartha, The Jakarta Post, Gianyar, Bali Any visitors who are enchanted by Bali's cultural richness and are determined to take a piece of this island, in this case a heavy one, back home should not miss the opportunity to pay a visit to the small village of Batubulan in Gianyar regency.

Former Pertamina president dies: Former state-owned oil and gas

Former Pertamina president dies: Former state-owned oil and gas firm Pertamina president Faisal Abda'oe passed away on Wednesday evening at the Siloam Gleneagles Hospital, Tangerang, near Jakarta. He was 71. Pertamina spokesman M. Harun said that Faisal would be buried in his home village Pringgokusuman, Yogyakarta on Thursday morning. Faisal led Pertamina from 1988 to 1998 and was the company's second-longest serving president after Ibnu Sutowo.

Taking a break from oppressive Jakarta

Taking a break from oppressive Jakarta Sudibyo M. Wiradji Contributor Jakarta With serene and peaceful ambience, resorts surrounding Jakarta witness regular customers wishing to spend their weekends or holiday breaks. Staying in a resort has become an alternative getaway for Jakartans, especially revelers wishing to avoid the hustle bustle of the city. Most of the retreats are situated outside the bustling metropolis but not too far away. It only takes a few hours drive to reach the sites.

Govt expects next IMF loan later this month

Govt expects next IMF loan later this month Dadan Wijaksana, The Jakarta Post, Jakarta The government said Tuesday it expected the International Monetary Fund (IMF) to disburse around US$340 million of its next loan tranche to the country later this month. Minister of Finance Boediono said the IMF's board of executives in Washington were expected to convene sometime between June 21 and June 24 to discuss the disbursement.

Local car sales surge thanks to stronger rupiah

Local car sales surge thanks to stronger rupiah Sudibyo M. Wiradji, Contributor, Jakarta The Association of Indonesian Automotive Industries (Gaikindo) reported robust sales during the first five months of this year thanks to a more stable rupiah and an improvement in the country's economy. The association's chairman, Bambang Trisula, said that as of May 2002, total car sales reached approximately 130,500 units, a 15 percent increase compared to the same period in 2001.

Power projects may continue this year, Dorodjatun says

Power projects may continue this year, Dorodjatun says The Jakarta Post, Jakarta The government would allow the independent power producers (IPP) to resume, their projects this year, ones which were put on hold in the wake of the economic crisis in 1997, a senior minister said Wednesday.

TNI chief warns against secessionist movements

TNI chief warns against secessionist movements Tiarma Siboro, The Jakarta Post, Jakarta Newly installed Indonesian Military (TNI) Chief Gen. Endriartono Sutarto issued a strong warning to secessionist movements on Wednesday, saying that efforts to separate from the unitary state of the Republic of Indonesia would be crushed with military operations.

Suzuki, GM, Daewoo may tie up

Suzuki, GM, Daewoo may tie up TOKYO: Japanese automaker Suzuki Motor Corp. said Wednesday it may invest in a South Korean company to be set up by U.S. giant General Motors Corp. and debt-stricken Daewoo Motor Co. "We are considering investing in their company," Suzuki spokesman Takeaki Nukii said. "The new company will mainly deal with the operations of Daewoo Motor and the investment is part of our efforts to expand our business in Asia," he added, without giving further details.

Economic recovery needs more than stability

Economic recovery needs more than stability Hidayat Jati, Researcher, Jakarta Indonesia is blessed recently by an onslaught of good news, which may indicate early signs of economic recovery. These vary from the currency's strong performance against the U.S. dollar, the stock market's sharp gains in the fist three months and the numerous successful bonds issuance by Indonesian companies, some denominated in U.S. dollars and managed to receive better rating than the sovereign debt.

Lesson from Thailand: How to promote auto industry

Lesson from Thailand: How to promote auto industry Imanuddin, The Jakarta Post, Pattaya, Thailand Despite the ensuing controversy, at first it was good to hear that Indonesia had launched a national car project with the signing of a joint venture agreement between a local firm and South Korea's KIA Motors in 1993.

Bali resorts are heading for a more promising year

Bali resorts are heading for a more promising year Rita A.Widiadana The Jakarta Post Nusa Dua, Bali The word "resort" always conjures up a picture of a serene and integrated holiday site surrounded by white sandy beaches or a lush mountainous panorama where you can escape from your hectic life in the city and take a deep breath to rejuvenate your body and mind. And Bali offers dozens or maybe hundreds of such resorts across the island, from beach areas to secluded sites high up in the mountains.

Application of 'syariah'

Application of 'syariah' From Forum Thumbs-up to the raids conducted by the authorities, for example the Tulungagung Police, against prostitution. Unfortunately, such raids fail to produce the desired results because there is no adequate sanction against those involved. Imprisonment has failed to discourage people from being involved in prostitution. I suggest, therefore, that syariah Islamic law be applied in all aspects of life because Islam has the answer to all of the human race's problems.

Police use tear gas to end brawl

Police use tear gas to end brawl JAKARTA: Hundreds of residents from Kampung Rawa, near Gembrong market, Johar Baru district, Central Jakarta, were involved in a mass brawl on Wednesday. No fatalities were reported. The angry residents threw stones and molotov cocktail at each other during the brawl which started at 6 a.m. Dozens of police officers, who were deployed to the scene, used tear gas to disperse the angry mobs.

UN clipped out power in E. Timor: Witnesses

UN clipped out power in E. Timor: Witnesses Tertiani ZB Simanjuntak, The Jakarta Post, Jakarta Two former top security officers in charge of East Timor testified at the ad hoc East Timor human rights trial on Wednesday, insisting that the task of creating peace and order before, during and after the 1999 independence ballot was simply out of their hands. Former Udayana military commander Maj. Gen. Adam Damiri and former East Timor police chief Brig. Gen.

Dolorosa Sinaga: Artist, role model

Dolorosa Sinaga: Artist, role model Fabio Scarpello, Contributor, Jakarta Dolorosa Sinaga has been very often defined as a feminist. But in fact she is also an artist, role model and activist. Her sculptures represent women's experiences. Grief, loss, anger as well as joy are some of the emotions present in the kaleidoscope of her production. She explores women's body movements as well as community emotion and human connection. The women she features are those victimized but not defeated.

Bantul Expo to feature handicrafts, music

Bantul Expo to feature handicrafts, music YOGYAKARTA: No less than 100 companies will present various leather, wooden and aluminum handicrafts at Bantul Expo 2002, an annual arts, cultural and commercial event in Bantul regency, Yogyakarta. The organizing committee said in Yogyakarta on Wednesday that automotive and electronic products would also be on display at the expo, scheduled to take place at Bantul's Dwi Windu square from Aug. 1 through to Aug. 10.

Rupiah Rates June 19

Rupiah Rates June 19 JP/13/Conver Rupiah Rates June 19 Bank notes rates TT rates Selling Buying Selling Buying Rp Rp Rp Rp U.S.

Refugees expect firm law enforcement in Poso

Refugees expect firm law enforcement in Poso Jupriadi, The Jakarta Post, Poso, Central Sulawesi After two years of subsisting in refugee camps, both the Christian and Muslim communities, forced out of their homes following sectarian conflict in Poso regency, are now expecting the authorities to guarantee their security so they can return home.

TV Program: Thursday, June 20, 2002

TV Program: Thursday, June 20, 2002 TVRI 5:00 a.m. Religious Teachings 6:00 News 8:30 Children's Program 9:30 Cooking Program 10:30 Documentary 11:00 Regional News 11:30 Music 12:00 p.m. News 1:00 Talk Show 2:00 News 3:30 Cartoon 4:00 TV Drama 6:00 News 7:00 Talk Show 9:00 News 9:30 Music: Country Road 11:00 Talk Show TPI 5:30 a.m. Religious Teachings 6:00 News 7:00 Quiz 8:00 Music 9:00 Indian Film 12:00 p.m.