Indonesian Political, Business & Finance News

Archive: 24 July 2002

82 articles found

Govt approves Telkom bond issue

Govt approves Telkom bond issue JAKARTA: PT Telekomunikasi Indonesia has obtained government approval to go ahead with a dollar-denominated bond issue later this year - a turnaround after rejecting the plan in June. State Enterprise Minister Laksamana Sukardi confirmed the government's approval Tuesday.

Victims of July 27 attack plan street rallies

Victims of July 27 attack plan street rallies Bambang Nurbianto and Ahmad Junaidi, The Jakarta Post, Jakarta Didi Purwanto, 32, knew the consequences of supporting Megawati Soekarnoputri, who was the main enemy of the New Order under former authoritarian president Soeharto. He even braved the attack against her party's headquarters, the then Indonesian Democratic Party (PDI) on July 27, 1996.

Foreign buyers to join trade expo

Foreign buyers to join trade expo JAKARTA : The National Agency for Export Development (BPEN) said that about 5,000 foreign buyers from 90 countries would participate in the upcoming 2002 PPE export products exhibition in Jakarta. "We have also received positive responses from both foreign and domestic companies who will participate in this expo," BPEN chairman Diah Maulida told reporters on Tuesday.

* Headlines: Banking authority urged to help public screen banks

* Headlines: Banking authority urged to help public screen banks 2 * National: MPR won't assess Megawati's annual report 4 * Archipelago: Cloud seeding expected to end drought 5 * City: Councillors to present views on Sutiyoso 8 * Opinion: Public stuck with bill for private power 6 * Sports: British Open gives cause for European optimism 9 * World: Israeli strike kills 15, including nine children 12 * Business: Wanted: New cures for Wall Street 16 * Features: Beautiful woman with a simple wish...

Star Air launches flight to Pekanbaru

Star Air launches flight to Pekanbaru JAKARTA: Privately owned airline Star Air has started flight service to Pekanbaru from Jakarta as part of its effort to expand operations in the country. The company said in a statement that it would have daily flights between the two cities starting on Sunday. Star Air also flies directly to Balikpapan from Jakarta as well as operates another flight that stops in Surabaya.

The sagas of Paiton I and Karaha Bodas

The sagas of Paiton I and Karaha Bodas Kurtubi Member U.S. Association for Energy Economics (USAEE) American Economic Association (AEA) Jakarta There are at least two independent power producer (IPP) cases the settlement of which will be of great disadvantage to the public. First, the "settlement" agreed upon by state-owned power company Perusahaan Listrik Negara (PLN) and Paiton I to the effect that the rate paid to Paiton will be US$4.93 cents/kwh.

Media outlets being sued for cigarette ads

Media outlets being sued for cigarette ads Muninggar Sri Saraswati, The Jakarta Post, Jakarta Five foundations filed a lawsuit against two giant cigarette producers, two private television stations, two print media and three advertising companies in connection with what they allege were illegal cigarette commercials.

Children have to leave school to support families

Children have to leave school to support families Leo Wahyudi S, The Jakarta Post, Jakarta Eki is only 10 years old, but he plays an important role in his family. Along with his brother, Edo, who is two years older, he is the family's breadwinner. His father was a temporary construction worker and his mother used to wash clothes for their neighbors in Prumpung, East Jakarta. Both are now unemployed. They have eight children, Eki being the sixth.

Where to go in Surabaya, for Wednesday, July 24, 2001

Where to go in Surabaya, for Wednesday, July 24, 2001 Exhibitions * Photo by Persatuan Seni Foto Surabaya (PSFS), at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5615246), until July 27. * Painting by Jumadi, CCCL - French Cultural Center, July 31 to Aug. 10. Performance * Music by Jet Set group band, at Desperados Bar and Cafe, Shangri-La Hotel, Jl. May. Jend. Sungkono 120 (Tel. 031 5661550), every Monday to Saturday, 9:30 p.m. to 1:30 a.m.

FOR FOCUS ISSUE JULY 21

FOR FOCUS ISSUE JULY 21 ;JP;HEN; ANPAc..r.. Consultation-HR-focus Grace Emilia Contributor Jakarta More firms turn to professionals to improve their HR Consulting businesses in Indonesia have been growing rapidly during the past decade as more and more companies turn to their services to help them survive and grow in a fast-changing market.

'Foiled plot to bomb western targets'

'Foiled plot to bomb western targets' SINGAPORE: A terrorist group accused of plotting an assault against the U.S. Embassy here last year planned to use foreign suicide bombers to blow up the building, officials said on Tuesday. The alleged plan to attack the embassy and other western targets in this Southeast Asian city-state has been blamed on Jemaah Islamiyah, a militant group which authorities say has links with al-Qaeda.

'I want to play all the time with my friends'

'I want to play all the time with my friends' The Jakarta Post, Jakarta Children across the archipelago took part in celebrations for National Children's Day on Tuesday. The country, still in the grip of an ongoing economic crisis, is home to about 60 million children under 15 years old. Several children shared their opinions on issues that were important to them with The Jakarta Post. Detta Rania, 7, is in first grade at an elementary school in Kebayoran Baru, South Jakarta.

Wiranto refiles lawsuit against Tomagola

Wiranto refiles lawsuit against Tomagola BOGOR: After being rejected by the Cibinong District Court last November, former Indonesian Military commander Gen. (ret) Wiranto has refiled a libel suit against Thamrin Amal Tomagola, a sociologist at the University of Indonesia. Wiranto and other three generals -- Lt. Gen. Djadja Suparman, Lt. Gen. Suadi Marasabesy and Maj. Gen.

Cloud seeding expected to end drought

Cloud seeding expected to end drought The Jakarta Post, Jakarta Cloud seeding being planned by the government is expected to overcome the devastating drought on Java, a governor has said. Following a request from the governors of Central Java and West Java to delay cloud seeding in their jurisdictions, East Java Governor Imam Utomo said his administration was in dire need of the project to relieve drought conditions in at least 15 regencies.

Judges forced to live away from official residences

Judges forced to live away from official residences The Jakarta Post, Lhokseumawe, Aceh The Lhokseumawe District Court judges have their own, unique way of life. None of them live in the official residences provided by the government since these are located in the Bukit Rata area where gunfights and clashes are common. Arifin and the court's chief clerk, Sofyan P, are now living in the Fina Vira Hotel located near the courthouse.

Many illegal businesses in Karawaci

Many illegal businesses in Karawaci TANGERANG: Hundreds of businesses in Lippo's Pinangsia Office Park complex in Karawaci have been operating without business permits from the municipal administration, an official says. Municipal public order agency public order chief Agus Wahyudi, who led a permit operation on Tuesday, said none of the 20 businesses checked, including the Lippo Karawaci marketing office, could show their business permits.

Banking authority urged to help public screen banks

Banking authority urged to help public screen banks Dadan Wijaksana, The Jakarta Post, Jakarta As it is the public who will bear the brunt of government plans to terminate the blanket guarantee on bank deposits, the banking authority must require banks to improve transparency to allow depositors to screen fit banks, the Indonesian Consumer Foundation (YLKI) said.

STOCK EXCHANGE

STOCK EXCHANGE Stock prices on the Jakarta Stock Exchange (in rupiah) on July 23, 2002 --------------------------------------------------------------------------- Shares Close Change Trading Volume --------------------------------------------------------------------------- Abdi Bangsa Tbk 270 0 0 Ades Alfindo Tbk 1,050 -25 8,000 Adindo Foresta 40 0 0 AGIS Tbk 100 0 1,321,500 Akbar Indo Makmur 365 0 0 Alakasa Industrindo 185 0 0 Alfa Retailindo Tbk 700 0 37,500 Alter Abadi Tbk 55 0 0 Alumindo...

IBRA to auction 51% Bank Niaga stake next week

IBRA to auction 51% Bank Niaga stake next week Dow Jones, Jakarta Indonesia will again attempt to sell a majority stake in state-owned Bank Niaga via an auction to be held next week. "We will start selling the bank shares through an auction system next week," Indonesian Bank Restructuring Agency Chairman Syafruddin Temenggung told reporters Tuesday. He said he expects the sale for the 51 percent stake to be completed in a month, with the winner of the auction likely to be announced in September.

Fresh batch of troops arrive in Aceh amid growing tension

Fresh batch of troops arrive in Aceh amid growing tension The Jakarta Post, Lhokseumawe, Aceh The Indonesian Military (TNI) undertook a troop rotation in Aceh on Tuesday, with a fresh batch of soldiers landing at the Krueng Geukeuh Seaport in Lhokseumawe. Iskandar Muda Military Commander Maj. Gen. Djali Yusuf warned the new troops of the worsening security situation in the conflict-ridden province of Aceh.

Indosat injects $75m into Satelindo

Indosat injects $75m into Satelindo JAKARTA: PT Indonesian Satellite Corp., or Indosat, has injected US$75 million into its unit PT Satelit Palapa Indonesia, or Satelindo, Indosat Chief Executive Widya Purnama told reporters Tuesday. Purnama said the funds, which are aimed at reducing the debt of the cellular unit, came from a bridging loan from PT Bank Central Asia. The loan has a tenure of 6 months, carrying an 8.6 percent interest rate.

RI remains pirates' playground, Somali increasingly risky

RI remains pirates' playground, Somali increasingly risky Agence France-Presse, Kuala Lumpur Worldwide piracy attacks on seafarers continued to climb in the first half of this year with 171 incidents and Southeast Asia's biggest country Indonesia remains a leading contributor with 44 attacks, an international watchdog said on Tuesday .

For Advertorial July 26

For Advertorial July 26 Company: Kaltim Prima Coal Writer : Rikza Abdullah KPC strengthens basis for coal mining operation PT Kaltim Prima Coal (KPC) is strengthening the basis for operation of its huge coal mine in Sangatta, East Kalimantan, by improving efficiency and productivity, as well as by intensifying its community development programs aimed at promoting the self- reliance of the local people in the long run.

For Advertorial July 26

For Advertorial July 26 Company: Kaltim Prima Coal Writer : Rikza Abdullah KPC strengthens basis for coal mining operation PT Kaltim Prima Coal (KPC) is strengthening the basis for operation of its huge coal mine in Sangatta, East Kalimantan, by improving efficiency and productivity, as well as by intensifying its community development programs aimed at promoting the self- reliance of the local people in the long run.

'Children's rights must be upheld'

'Children's rights must be upheld' Fabiola Desy Unidjaja and Debbie A. Lubis, The Jakarta Post, Jakarta Both the government and the legislature lack the political will to put forward children's interests, ignoring the importance of upholding their rights in the country, an expert has said. Noted child psychologist Seto Mulyadi said on Tuesday that the government and the legislature had ignored children's rights by postponing their endorsement of the child protection law.

FDI approvals fall 42% in first semester: BKPM

FDI approvals fall 42% in first semester: BKPM Dadan Wijaksana and A'an Suryana, The Jakarta Post, Jakarta Foreign direct investment (FDI) approvals dropped by 42 percent to US$2.5 billion in the first half of this year from $4.3 billion in the same period last year, the Investment Coordinating Board (BKPM) said in a press release on Tuesday. The board, however, did not offer any explanations for the decline or provide other details.

Lhokseumawe's district court running amid continuing conflict

Lhokseumawe's district court running amid continuing conflict Yogita Tahilramani and Edith Hartanto, The Jakarta Post, Lhokseumawe, Aceh Gazing through red-rimmed eyes at his empty desk, the chief of the Lhokseumawe District Court Judge Arifin Sani says that he has only one wish for the court. "It should not get burned down like what they did twice to the new court building in the past three years," Arifin said Monday.

Public may get stuck with bill for private power

Public may get stuck with bill for private power Kurtubi, Member U.S. Association for Energy Economics (USAEE), American Economic Association (AEA), Jakarta There are at least two independent power producer (IPP) cases the settlement of which will be of great disadvantage to the public. First, the "settlement" agreed upon by state-owned power company Perusahaan Listrik Negara (PLN) and Paiton I to the effect that the rate paid to Paiton will be US$4.93 cents/kwh.

RI banking system: Rewarding the bad guys

RI banking system: Rewarding the bad guys Marzuki Usman, Former Head Capital Market Supervisory Agency (Bapepam), Jakarta If you put your money in the bank, then you expect it to be there when you want to draw it out. However, as the people of Argentina have found in recent months, when a country gets into dire financial straits and becomes technically bankrupt, it is just not possible to pay on demand all the money that has been deposited in banks.

Kaltim Prima Coal operates a 7,900 square kilometer coal mine

Kaltim Prima Coal operates a 7,900 square kilometer coal mine in Sangatta, East Kalimantan under a working contract signed with the government in 1978.

2. TKI: 30

2. TKI: 30 RI to raise migrant worker issue in high-level talks with Malaysia 3. AIR: 1 x 40 Europe, U.S. compete over fighter contracts 4. ARF: 42 Crunch time for Asia-Pacific security forum

Local agricultural business growing in Mimika

Local agricultural business growing in Mimika Yosias Magai and his wife are feeding their ducks in their fenced backyard when someone wanting something from their small shop in front of their house calls out. Yosias asks his wife to attend to their customer. Magai, often called Yos by close friends, is one of a growing number of Papuans who are venturing into small and medium sized businesses in Mimika district, particularly in the livestock breeding and agricultural sectors.

JP/1/HOUR

JP/1/HOUR One dead as police, mob clash: Police in the West Sumatra town of Tanah Datar opened fire on an angry mob on Tuesday, killing a man and injuring 15 others. The residences of Batusangkar district chief and the police subprecinct chief, as well as five motorcycles were set on fire during the riot, which flared up after a minor traffic accident involving a police officer and the driver of a horse cart.

* Headlines: Banking authority urged to help public screen banks

* Headlines: Banking authority urged to help public screen banks 2 * National: MPR won't assess Megawati's annual report 4 * Archipelago: Cloud seeding expected to end drought 5 * City: Councillors to present views on Sutiyoso 8 * Opinion: Public stuck with bill for private power 6 * Sports: British Open gives cause for European optimism 9 * World: Israeli strike kills 15, including nine children 12 * Business: Wanted: New cures for Wall Street 16 * Features: Beautiful woman with a simple wish...

Pelti vying for two golds at Asian Games

Pelti vying for two golds at Asian Games Musthofid, The Jakarta Post, Jakarta The Indonesian Tennis Association will be counting on the female squad for any realistic chance of winning gold medals at the upcoming Asian Games.

For REGENCY PROFILE/July 23

For REGENCY PROFILE/July 23 Parangtritis Beach remains prime tourist spot Bantul regency has quite a number of tourist attractions, with the most well-know destination being Parangtritis Beach, some 29 kilometers to the south of Yogyakarta. Parangtritis is a major contributor to the regency's revenue and also contributes to the income of residents in its vicinity. In 2001 more than 1.5 million local and foreign tourists visited the area.

Plane crash victim found alive, after declare dead

Plane crash victim found alive, after declare dead The Jakarta Post, Jakarta In a miraculous story of survival, a passenger of a plane that crashed in the remote jungle of East Kalimantan last week was found alive after rescue workers declared him and another nine people aboard dead. Surprisingly, Bangau Samuel, the lone survivor in the crash, had suffered only minor injuries to his face and hands, when he was found by a local farmer at around 2 p.m. local time on Monday.

* Headlines: Media outlets sued for cigarette ads 2

* Headlines: Media outlets sued for cigarette ads 2 * National: MPR won't assess Megawati's annual report 4 * Archipelago: Cloud seeding expected to end drought 5 * City: Councillors to present views on Sutiyoso 8 * Opinion: Public stuck with bill for private power 6 * Sports: British Open gives cause for European optimism 9 * World: Israeli strike kills 15, including nine children 12 * Business: Wanted: New cures for Wall Street 16 * Features: Beautiful woman with a simple wish 20

Adrian edited this around 2:45pm

Adrian edited this around 2:45pm For REGENCY PROFILE/July 23 Placed in box Investment opportunities abound in Bantul The Bantul regency offers many promising investment opportunities, such as hotels, restaurants and other tourist facilities. From the prepared master plan, investors can select areas projected for each land use, such as farming, tourism, housing, industry, trade and services.

Edited by Adrian 3:30pm

Edited by Adrian 3:30pm For REGENCY PROFILE/July 23 Story #4 Pandansimo harbour, a lucrative long-term investment Bright prospects for Pandansimo harbor For years, Pandansimo beach, located on the northern part of Bantul regency and nudging the estuary of Progo river, has been a famous religious resort. On certain Tuesdays and Fridays, thousands of devotees pray at various locations previously used for meditation by Yogyakarta's former king, Sri Sultan HB VII.

Merpati launches Malaka route

Merpati launches Malaka route JAKARTA: State-owned airline Merpati Nusantara Airlines started on Tuesday flight service from Pekanbaru, the provincial capital of Riau, to Malaka in Malaysia. The company said in a statement that the airline would serve the route three times a week on every Tuesday, Friday and Sunday. Its Fokker F-27 aircraft will depart from Pekanbaru at 12:30 p.m. local time and arrive in Malaka at 2:30 p.m. local time.

PBSI warns shuttlers not to falsify ages

PBSI warns shuttlers not to falsify ages The Jakarta Post, Jakarta The Indonesian Badminton Association (PBSI) has reiterated its warning against age falsification and has threatened stiff punishment for offenders at the ongoing Samsung SGS Cup in Bandung, West Java. The five-day tournament, which began on Tuesday, features 700 athletes. They have come from badminton training centers and clubs throughout Indonesia.

Cyber law must meet global standards

Cyber law must meet global standards Berni K. Moestafa, The Jakarta Post, Jakarta A six-member expert team of the Non-aligned Movement (NAM) urged NAM member countries to adopt international standards for their cyber laws to minimize legal barriers in e-commerce, and to provide a common platform to curb cyber crime. The expert team under NAM's Center for South-South Technical Cooperation (CSSTC) ended on Tuesday a two-day discussion on standardizing national e-commerce laws among NAM members.

1. MPR: 12 x 4 lines

1. MPR: 12 x 4 lines MPR won't assess Megawati's progress report Following a series of meetings, all 12 factions in the People's Consultative Assembly (MPR) have agreed not to assess the progress report presented by President Megawati Soekarnoputri at the Annual Session in August. The agreement to drop the assessment plan may reduce the duration of the Annual Session from the scheduled 12 days to only 10.

Councillors to present views on Sutiyoso

Councillors to present views on Sutiyoso Ahmad Junaidi, The Jakarta Post, Jakarta The City Council's factions will hold a plenary session on Wednesday to present their views on Governor Sutiyoso's accountability speech for his five-year tenure as governor. But even if all factions find fault with his accountability report, this will not necessarily lead to the demise of Sutiyoso's political career. Next week, Sutiyoso, whose term ends in October, will give his response to the factions' views.

Traffic accident kills six lives

Traffic accident kills six lives CIANJUR, West Java: At least six people were killed when an intercity bus collided head-on with a public minivan on Jl. Perintis Kemerdekaan in Sukamaju village here on Tuesday.

For REGENCY PROFILE/July 23

For REGENCY PROFILE/July 23 Home to export-oriented handicraft products There are several outstanding industrial centers in Bantul regency, particularly in small-scale undertakings and popular handicrafts. For example, the earthenware and ceramics centers in Kasongan and Pundong, leather goods in Manding, wood carving and wood batik in Pajangan, and batik in Imogiri and Pandak. Wooden furniture, meanwhile, is made and sold in virtually every village.

Gus Dur suggests a delay in amendment of articles

Gus Dur suggests a delay in amendment of articles The Jakarta Post, Jakarta Public hope for a direct presidential election came up against another hurdle on Tuesday as former president Abdurrahman Wahid suggested that the People's Consultative Assembly (MPR) delay the implementation of the amended articles in the 1945 Constitution. Abdurrahman, who is better known as Gus Dur, said implementation must be postponed because of several conflicting articles in the amended Constitution.

Public control a must to stop corrupt judiciary: ICW

Public control a must to stop corrupt judiciary: ICW Tertiani ZB Simanjuntak, The Jakarta Post, Jakarta The non-governmental organization, Indonesian Corruption Watch (ICW), has called for public control of the judiciary, as the best way to combat the endemic corruption in the country's courts.

'Surabaya Post' declared bankrupt

'Surabaya Post' declared bankrupt Ainur R. Sophiaan, The Jakarta Post, Surabaya The Surabaya Post evening newspaper, which ceased publication on May 1 this year, was declared bankrupt, making its reappearance virtually impossible in the near future, its senior journalists said on Tuesday. The bankruptcy decision was made at a shareholders' meeting late on Monday attended by all three owners -- Didi Azis, Indra Jaya Azis and Iwan Jaya Azis, who are all brothers.

Guiding companies to succeed in borderless market

Guiding companies to succeed in borderless market I. Christianto Contributor Jakarta The trade globalization trend has seemingly turned the world into one single market with a product from one place to other parts of the world flowing freely without going through significant barriers. Despite offering growing business opportunities, the expanded market has, however, posed a fiercer competition to business players. In such a situation, having a good product is no longer enough.

IMF review team expected to arrive next week: Official

IMF review team expected to arrive next week: Official The Jakarta Post, Jakarta A team from International Monetary Fund (IMF) is expected to arrive here next week to review the progress of the country's economic reforms, which were agreed to in the letter of intent (LoI) signed by the government and the fund in June. "The team, led by Daniel Citrin, is scheduled to arrive in Indonesia next week," Anggito Abimanyu, a senior official at the finance ministry, said late on Monday.

NU to hold congress on Thursday

NU to hold congress on Thursday JAKARTA: The country's largest Muslim organization, Nahdlatul Ulama (NU), will hold a four-day congress from July 25 through to July 28 here, which is slated to discuss the organization's internal matters as well as national issues, including the ongoing amendment process on the 1945 Constitution.

Indonesia, Sudan sign seven MoUs

Indonesia, Sudan sign seven MoUs JAKARTA: Indonesia and Sudan signed on Tuesday seven memorandums of understanding (MoUs) in an effort to strengthen bilateral relations. Representatives of the two countries signed the MoUs in the presence of Indonesian Vice President Hamzah Haz and his Sudanese counterpart, Ali Osman Muhammad Taha, at the vice presidential palace here. The MoUs were on agriculture, research and technology, banking and foreign affairs.

Advertorial: PT Aneka Tambang

Advertorial: PT Aneka Tambang Publication: July 26 - Friday Aneka goes out of its way to boost investor confidence The recent string of financial scandals in the United States has clearly taught a valuable lesson to every company throughout the world on the importance of good corporate governance. The scandal has been a big surprise to many people as it has occurred in a country that has a long tradition of transparency and honesty, as far as corporate management is concerned.

Megawati' popularity falls as her party weakens

Megawati' popularity falls as her party weakens Tiarma Siboro and Fabiola Desy Unidjaja, The Jakarta Post, Jakarta President Megawati Soekarnoputri held a small feast on Tuesday to celebrate her first year in power but may have to gear up for a tougher year ahead amid signs of dropping popularity.

for focus issue -- business consultancy --- July 21

for focus issue -- business consultancy --- July 21 ;JP;HEN; ANPAc..r.. Consulting-crisis-orders Crisis: Real boon for foreign consultants Hendarsyah Tarmizi The Jakarta Post Jakarta It has been more than four years since the financial crisis started to hit the country in late 1997, but for many companies the crisis is not yet over. They are still struggling to survive. This, however, is not the case with consulting companies.

East Timor to join IMF, WB

East Timor to join IMF, WB WASHINGTON: East Timor, the world's youngest nation, was due to join the International Monetary Fund (IMF) and World Bank on Tuesday, the lending institutions said. At a Washington ceremony, Prime Minister Mari Alkatiri was scheduled to sign the Articles of Agreement for the Asian country of 800,000 people to join the twin organizations.

Luong renominated as president

Luong renominated as president VIETNAM: Vietnamese Communist Party technocrat Tran Duc Luong was renamed president for another five-year term on Tuesday, assembly sources said. National Assembly chairman Nguyen Van An, elected by delegates earlier in the day to head the country's highest legislative body, nominated 65-year-old Luong to the post of state president. The nomination is scheduled to be approved by assembly delegates on Wednesday.

Councillors insist on overseas trip

Councillors insist on overseas trip SURABAYA: Turning a deaf ear to public criticism, 17 East Java provincial councillors said they would stick to their plan to visit a number of foreign countries. Chairwoman of Commission E for people's welfare Harbiyah Sholahuddin said no changes had been made to the planned trip, which is scheduled to take place from Aug. 5 to Aug. 15. "The trip will go ahead as planned in the 2002 legislative budget," she said.

Bad public officials must go

Bad public officials must go From Koran Tempo Some people with a preconceived notion of President Megawati Soekarnoputri must have cynically looked upon her request that public officials incapable of carrying out their duties resign. Few public officials realize that they are not fit for their positions. It must be borne in mind, however, that this request came from the President of the country and will therefore have an administrative effect on the evaluation of public officials.

Mega to sign decree on SME this week

Mega to sign decree on SME this week A'an Suryana, The Jakarta Post, Jakarta President Megawati Soekarnoputri has endorsed the latest decree on the restructuring of debts owed by small and medium-sized enterprises (SMEs), and is set to sign it on Thursday, a senior government official says. "The President agrees with the latest draft.

1. Stock (4x11)

1. Stock (4x11) Asian stocks rise but still vulnerable 2. FDI (2x24) FDI approvals falls 42% in first semester: BKPM 3. IMF (2x29)) IMF review team expected to arrive next week: Official 4. SME (2x19) Mega to sign decree on SMEs this week JP/13/SME

Tax office threatens to publish names of tax evaders

Tax office threatens to publish names of tax evaders Rendi A. Witular, The Jakarta Post, Jakarta The Directorate General of Taxation threatens to go public with the names of the country's largest corporate tax evaders in September if they continue to be uncooperative in settling their tax obligations. Director of the Large Taxpayers Office (LTO) Sjarifuddin Alsah told The Jakarta Post on Tuesday that the planned measure was part of the LTO's attempt to reduce tax arrears by large businesses.

For REGENCY PROFILE/July 23, 2002

For REGENCY PROFILE/July 23, 2002 Main story Ready to welcome investors, buyers and tourists Regional autonomy, introduced to the country two years ago, has waken up most regency administrations from their long sleeps. Bantul regency, one of several regencies in the Special Province of Yogyakarta, is no exception. Regional autonomy and political reform have colored many aspects of people's lives in Bantul.

Stefanova, Edhi lead at Wismilak chess tourney

Stefanova, Edhi lead at Wismilak chess tourney The Jakarta Post, Jakarta Grand Master (GM) Antoaneta Stefanova of Bulgaria and GM Edhi Handoko shared top place with two points each after registering their second wins at the Wismilak International Chess Tournament in Surabaya, East Java, on Tuesday. After beating Myanmar International Master (IM) Nay Oo Kyaw Tun on the opening day, Stefanova, 23, overcame local hopeful Susanto Megaranto, 15, in the second round.

The Paiton I and Karaha Bodas sagas

The Paiton I and Karaha Bodas sagas Kurtubi Member U.S. Association for Energy Economics (USAEE) American Economic Association (AEA) Jakarta There are at least two cases of independent power producers (IPP) the settlement of which will be of great disadvantage to the public. First, the "settlement" agreed upon by state-owned power company Perusahaan Listrik Negara (PLN) and Paiton I to the effect that the tariff they have agreed on is US$ 4.93 cents/kwh.

Plants and deer gorillas, murals

Plants and deer gorillas, murals My nieces and nephews have asked me to convey to you our horror and despair at reading that the plants and deer at the Bogor Botanical Gardens and Palace are under threat due to pollution of the Gunting pond, which is the main water source for the gardens. We call upon the Bogor administration to immediately take measures to prevent pollution of the Gunting pond and to ensure a clean supply of water to the gardens and palace grounds.

Rupiah Rates July 23

Rupiah Rates July 23 JP/13/Conver Rupiah Rates July 23 Bank notes rates TT rates Selling Buying Selling Buying Rp Rp Rp Rp U.S.

Tommy's sentence may be too light

Tommy's sentence may be too light From Rakyat Merdeka It is really disappointing to hear that the prosecutor has demanded only 15 years' imprisonment for Tommy Soeharto. The prosecutor may have been afraid of demanding a longer prison term. The judge might also be afraid and hand down a verdict of only 10 years in prison.

Urgent: Bank consolidation

Urgent: Bank consolidation The government should be commended for its well-designed program to phase out the blanket guarantee on bank deposits and claims within the next 20 months. The manner and the period of time in which the extent and amount of coverage under the guarantee program will gradually be decreased will allow for a smooth a transition to a deposit insurance scheme that will only cover deposits to a maximum of Rp 100 million (US$11,000).

Police seize 1 kg marijuana

Police seize 1 kg marijuana DENPASAR, Bali: The Denpasar Police narcotics unit made another big catch on Monday afternoon, when its officers arrested an alleged drug dealer and seized at least one kilogram of marijuana from him. The man, identified as Rudy Setiawan, alias Candra Kirana of Medan, North Sumatra, was arrested as he received the marijuana, which was sent in a package by post from Medan. The marijuana was found among salted fish and clothing.

MPR won't assess Megawati's annual report

MPR won't assess Megawati's annual report Kurniawan Hari, The Jakarta Post, Jakarta Following a series of meetings, all 12 factions in the People's Consultative Assembly (MPR) have agreed not to assess the progress report presented by President Megawati Soekarnoputri at the Annual Session in August. The agreement to drop the assessment plan may reduce the duration of the Annual Session from the scheduled 12 days to only 10.

Court refuses to hear Golkar treasurers' testimony

Court refuses to hear Golkar treasurers' testimony Muninggar Sri Saraswati, The Jakarta Post, Jakarta The efforts of former State Logistic Agency (Bulog) chief Rahardi Ramelan's lawyers to discover the whereabouts of Rp 40 billion of Bulog nonbudgetary funds that was misappropriated proved futile after the South Jakarta District Court refused to hear the testimonies of one Golkar Party treasurer and two of his deputies.

S'pore to be self-sufficient with water

S'pore to be self-sufficient with water SINGAPORE: Singapore said on Tuesday it will be able to let one of two water agreements with Malaysia lapse in 2011, serving notice the city-state is increasingly becoming self-sufficient for its water needs. Foreign Minister S. Jayakumar said it was within Singapore's capability to produce enough water to replace the volumes lost if a 1961 agreement is not renewed after it expires in nine years.

Brawls in Kupang leave two killed

Brawls in Kupang leave two killed Yemris Fointuna, The Jakarta Post, Kupang At least two people were killed and 40 houses burned down as brawls between residents continued on Tuesday in the subdistrict of Rote Barat Laut here. A number of elementary and secondary schools located in trouble areas sent students home early due to the violence. The clashes broke out last week, involving residents of the villages of Oeseli, Oebo and Lalokoen.

Our sons and daughters

Our sons and daughters To be a "real street singer" is the simple dream of Jaman; while Anti wants to be a pretty, sweet-smelling bride; she told this newspaper that water for bathing is a luxury. Both youngsters are among 75,000 children working the streets of 12 cities in Indonesia, according to one study.

JP/6/OTHER3

JP/6/OTHER3 Clamor from KADIN chairman Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Aburizal Bakrie called on the Annual Session of the People's Consultative Assembly (MPR) to discuss economic recovery. Among the Asian nations hit by the economic crisis, Indonesia is the only one that has yet to recover. Malaysia, South Korea and Thailand recovered early. How did they do it? Because they were able to solve their political problems.

UI asks public inputs for rectorial election

UI asks public inputs for rectorial election JAKARTA: The University of Indonesia (UI) is seeking inputs from the public about its candidates in the rectorial election, an official said on Tuesday. "We will place an advertisement in several newspapers to solicit inputs from the public about the candidates," said Evi Fitriani, a member of staff at the university's public relations division.

ASEAN to mull plans for antiterror pact in Brunei

ASEAN to mull plans for antiterror pact in Brunei Eileen Ng, Agence France-Presse, Kuala Lumpur Malaysia is pressing for an anti-terrorism pact which it signed with Indonesia and the Philippines to be expanded to cover all of Southeast Asia, an alleged hotbed for allies of Osama bin laden's al-Qaeda network.

Army takes over district from UN force

Army takes over district from UN force EAST TIMOR: East Timor's army on Tuesday replaced United Nations peacekeepers in one district of the new nation -- the first step in a 20-month handover which will see the blue berets bow out. The army took over responsibility for the Lautem district in the east. The UN force commander in East Timor, Thai Lt. Gen.

RI to raise migrant worker issue in high-level talks with Malaysia

RI to raise migrant worker issue in high-level talks with Malaysia Fabiola Desy Unidjaja, The Jakarta Post, Jakarta President Megawati Soekarnoputri would raise the issue of Indonesians illegally working in Malaysia during talks with Malaysian Prime Minister Mahathir Mohamad on Aug. 7 and Aug. 8 in Bali, Foreign Minister Hassan Wirayuda said on Tuesday. "During the planned bilateral talks, we will raise the issue of Indonesian workers as part of the main agenda," Hassan said.