Indonesian Political, Business & Finance News

Archive: 24 April 2003

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Batuan Miniaturist style', revisited

Batuan Miniaturist style', revisited Jean Couteau, Contributor, Denpasar An interesting painting exhibition has been taking place at the Ganesha Gallery at Four Seasons Hotel, Jimbaran. Titled Style by Made Jata and Wayan Rajin, it takes us, through these two masters, to the origin of what has been one of the main, little- known developments of Balinese post-World War II painting, the "Batuan Miniaturist style".

Jakarta-Moscow

Jakarta-Moscow A new alliance -- Jakarta-Moscow -- may have come to the minds of many people when Indonesian President Megawati Soekarnoputri and Russian Vladimir Putin signed memoranda of understanding for technical and military cooperation in Moscow this Monday. Indonesia has agreed to buy helicopters, middle- and long- range missiles and Sukhoi jet fighters.

'New parking system will worsen traffic problems'

'New parking system will worsen traffic problems' Tertiani ZB Simanjuntak, The Jakarta Post, Jakarta A pilot project for a new on-street parking system is just around the corner, but activists say the scheme will not ease the capital's traffic woes and has little hope of succeeding where other parking systems have failed.

Foreign firms may leave RI if dumping practices not curbed

Foreign firms may leave RI if dumping practices not curbed Adianto P. Simamora The Jakarta Post Jakarta The Indonesia Anti-Dumping Committee (KADI) said that a number of foreign investment companies had threatened to leave the country as they could no longer compete with the imported products sold here through dumping practices.

1. BOGBOG: 1 LINE, 38 COUNTS

1. BOGBOG: 1 LINE, 38 COUNTS Indonesia's first cartoon magazine turns 2 2. BATU: 1 LINE, 35 COUNTS 'Batuan Miniaturist style', revisited

Oracle launches new product

Oracle launches new product JAKARTA: PT Oracle Indonesia started on Wednesday a marketing campaign for its latest data-based collaboration software product, which is expected to challenge the products made by IBM and Microsoft, the leading industry players here. Oracle vice president Christopher Hummel said in a press conference that the company's 400 corporate clients would be the main market target for the new software product. He declined to disclose the sales target.

~Message from the Editor

~Message from the Editor For a newspaper in Indonesia, to pass the 20-year mark is not unlike passing a historic milestone. The last 100 years have seen the launch and closure -- by government decree or otherwise -- of hundreds of newspapers across the country. And although no statistics exist by which to measure the rate of survival or life expectancy of a newspaper in Indonesia, the fact is that only a handful have ever reached the age of 50, and not one has reached the 100-year mark.

Tangerang mayor again fails to testify

Tangerang mayor again fails to testify TANGERANG: Tangerang Mayor M. Thamrin failed on Tuesday to answer a court summons to testify in the corruption trial of a former high-ranking official, the fifth time he failed to turn up in court. Prosecutor Puji Rahardjo told the Tangerang District Court that the mayor said he had to go out of town, the same excuse he gave the four previous times for not testifying. This time he said he had to go to Bandung for a business trip.

SARS deals second blow to Bali tourism

SARS deals second blow to Bali tourism Gde Anugrah Arka, Reuters, Bali Made Suarsa's minibus is almost empty these days as he winds through the narrow streets of Denpasar, capital of one of the world's best-known travel destinations, Bali. The minibus often used to be packed with tourists from among the Australian surfers, Japanese honeymooners and international celebrities who flocked to the island of long, white sand beaches, towering volcanoes, and lush vegetation.

Bank Mandiri to market mutual funds

Bank Mandiri to market mutual funds Zakki Hakim, The Jakarta Post, Jakarta Securities firm PT Mandiri Sekuritas, a subsidiary of the giant state Bank Mandiri, plans to launch a total of Rp 20 trillion (about US$2.3 billion) worth of mutual funds, a senior bank official has said. Bank Mandiri senior executive vice president of treasury and international operations Clemento Escano said that the bank would become the marketing agent for the mutual fund.

Anniversary

Anniversary Edition Tomorrow To mark our 20th anniversary on Friday, The Jakarta Post will be publishing a special edition. The edition will comprise at least 48 pages, including a special section looking at the medium- and long-term prospects of the Indonesian economy, and another section looking back at the newspaper's 20 year journey.

RI has new SARS patient, govt traces his contacts

RI has new SARS patient, govt traces his contacts Moch. N. Kurniawan and Apriadi Gunawan, The Jakarta Post, Jakarta/Medan The government announced on Wednesday a second probable SARS case and has been tracing the man's close contacts to prevent any transmission of the disease. Minister of Health Achmad Suyudi said the 65-year-old man, a native of Medan, had been receiving treatment at Adam Malik Hospital in the North Sumatra capital of Medan since April 21 due to flu-like symptoms.

S'pore keeps neighborly with RI investment

S'pore keeps neighborly with RI investment Kornelius Purba The Jakarta Post Jakarta Tiny but wealthy Singapore wields its financial might in the region, including in investment in Indonesia. The city state is the third largest foreign investor in the country after Malaysia and Saudi Arabia. In 2001, Singapore companies were involved in 154 projects with investment value worth US$1.139 million. Singapore has been one of the top six foreign investors in Indonesia for the last five years.

IBRA sells ownership in 61 companies

IBRA sells ownership in 61 companies Agence France-Presse, Jakarta The Indonesian Bank Restructuring Agency (IBRA) on Wednesday launched the sale of its ownership in 61 companies as part of efforts to meet its targeted full-year contribution to the state budget. IBRA deputy chairman Taufik Mappaenre said the assets offered in this sale program are companies mainly operating in property, edible oil and fats, textiles, pulp and paper, plywood, contracting, ceramics and other industries.

Police arrest Balongan LPG thieves after tipoff

Police arrest Balongan LPG thieves after tipoff Nana Rukmana, The Jakarta Post, Indramayu, West Java Police arrested four men for stealing liquefied petroleum gas (LPG) from the Balongan oil refinery of state-owned oil and gas company PT Pertamina, after another suspect lodged a police complaint accusing his accomplices of unfair profit sharing. Two of the four men worked for Pertamina's Distribution Unit VI, under which the Balongan refinery operated, said Indramayu Police district chief Adj.

~Foreign investors awaiting more stable environment

~Foreign investors awaiting more stable environment By Eun-ho Seung, Chairman of Korean Chamber of Commerce in Indonesia Fundamentally, the country remains an attractive place for investments thanks to its abundant natural resources, huge potential market and large pool of labor.

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~ ELECTION: Residents stand in a line to collect ballot papers during the 1999 elections. The most important aspect of the upcoming elections is the fact that there will be a presidential election, the first ever since Indonesian independence.

40% of Riau residents in poverty

40% of Riau residents in poverty PEKANBARU, Riau: Rich in natural resources and home to the country's largest privately owned oil and gas company, 40 percent of Riau's three million residents live below the poverty line, Governor Saleh Djasit said. "I am ashamed when people abroad say that Riau is so rich while in fact our wealth is hollow," said Saleh on Wednesday. The province is one of Indonesia's major producers of forestry and agricultural products.

JSX suspends SMART share trading

JSX suspends SMART share trading JAKARTA: The Jakarta Stock Exchange (JSX) suspended on Wednesday trade in PT Sinar Mas Agro Resources and Technology (SMART) shares after it received a report that one of the company's cooking oil factories was gutted by fire earlier in the morning. JSX suspended trade in the shares at 9:30 a.m. when the stock was trading at Rp 1,225. JSX said the gutted factory, located in Surabaya, East Java, produced Filma cooking oil.

KONI maps out strengths ahead of 2003 SEA Games

KONI maps out strengths ahead of 2003 SEA Games Musthofid, The Jakarta Post, Jakarta The National Sports Council (KONI) announced an early mapping-out of its medal chances at the upcoming Southeast Asian (SEA) Games with chairman Agum Gumelar saying that the policy reflected the council's wish to put its cards on the table before heading to Vietnam.

Is market operation effective?

Is market operation effective? Sugar has suddenly become a rare commodity. The product has reportedly vanished in Surabaya and Malang (both in East Java) since last week. Some people, however, question the scarcity of the commodity, considering that sugar has been imported to the country.

Regional autonomy has not lived up to expectations: Minister

Regional autonomy has not lived up to expectations: Minister Tiarma Siboro The Jakarta Post Jakarta Regional autonomy has sparked disputes between the central government and local governments, local governments and the public and even among the local administrations since it came into effect more than three years ago. To make matters worse, the government intends to revise the ruling, which, to many, signals a move to transfer the power back to the central government.

On elephant deaths

On elephant deaths We would like to clarify statements made in The Jakarta Post on April 11 concerning elephant deaths in Bukit Barisan Selatan National Park.

HK pledges $1.5b SARS economic package

HK pledges $1.5b SARS economic package Agence France-Presse, Hong Kong Hong Kong chief executive Tung Chee-hwa on Wednesday announced a US$1.5 billion economic package to soften the impact of the deadly SARS outbreak, which has devastated the travel and retail industries. The package worth HK$11.8 billion ($1.5 billion) includes reductions in fees and rates for the worst affected industries and for residents.

Asian stocks lower on concerns about spread of SARS

Asian stocks lower on concerns about spread of SARS Agence France-Presse, Tokyo Asian stocks fell on Wednesday despite solid gains on Wall Street as investors in the region showed concern about the economic impact of the SARS virus. Japanese share prices inched up fractionally on bargain hunting after Wall Street's rebound, but lingering fears about the economic impact of Severe Acute Respiratory Syndrome capped overall gains.

Trade center to be built in former green area

Trade center to be built in former green area Multa Fidrus, The Jakarta Post, Tangerang A trade center will be built in Cikokol, on land that had earlier been intended to remain a green area in Tangerang municipality, thanks to a revision of the master plan. Chief of the municipal development planning body (Bappeda) Undang Herman said on Tuesday the administration would soon build a trade center to replace Cikokol vegetable market, as the plan had been approved by the municipal zoning agency.

Jaya Suprana: Jack of all trades

Jaya Suprana: Jack of all trades Aendra Medita, Contributor, Jakarta He must belong to a rare breed of people in this country. Every time he opens his mouth, what he utters always catches his listeners by surprise. He is usually labeled a man of all trades. Jaya Suprana, 54, is indeed an interesting figure. His personality, mind and thoughts are extremely unique and are sometimes beyond ordinary people to guess.

Nine soldiers arrested for arsenal burglary

Nine soldiers arrested for arsenal burglary Nethy Dharma Somba, The Jakarta Post, Jayapura, Papua The military police unit of the Trikora Military Command overseeing Papua has arrested nine soldiers and seven civilians for their alleged involvement in the April 4 arsenal burglary in Wamena, in which two soldiers and a Free Papua Movement (OPM) rebel were killed.

Car dealer nabbed for drugs

Car dealer nabbed for drugs SEMARANG, Central Java: Police here said on Wednesday they had arrested the owner of the Auto Plaza car showroom for an alleged drug party with three women at a karaoke club located in a shopping mall in the Central Java town of Semarang. The showroom owner, Agus, 53, was arrested along with a friend, Widodo, 57, and three women identified only as MY, SF and MT, all 21 years old.

Thailand upset Indonesia in Fed Cup

Thailand upset Indonesia in Fed Cup Agence France-Presse, Tokyo Tamarine Tanasugarn guided Thailand to an upset victory over second seed Indonesia in the Fed Cup tennis Asia-Oceania zone preliminary round here Wednesday. Suchanun Viratprasert, ranked 334th in the world, scored a surprise win over Wynne Adiati Prakusya 6-2, 1-6, 6-1 in the opener, before Tamarine downed Angelique "Angie" Widjaja 6-3, 7-6 (7/2) to give the Thais an insurmountable 2-0 lead.

1. BALI: 1 LINE, 38 COUNTS

1. BALI: 1 LINE, 38 COUNTS SARS deals second blow to Bali tourism 2. BREASTS: 1 LINE, 40 COUNTS Brazilian firm pumps up silicone breast business 3. MADONA: 1 LINE 35 COUNTS Madonna releases new album to unfavorable reviews

Gubernatorial nominees must have clean records

Gubernatorial nominees must have clean records Yuli Tri Suwarni, The Jakarta Post, Bandung, West Java A local legislature faction warned the West Java gubernatorial election committee of the legal and administrative difficulties gubernatorial candidate Danny Setiawan and deputy gubernatorial candidate Rudy Harsya Tanaya could be facing, saying the two candidates did not meet the legal requirements.

18 more JI members arrested

18 more JI members arrested Tiarma Siboro, The Jakarta Post, Jakarta The police reported more progress in their counter-terrorism measures with the arrest of 18 more members of the regional terror network Jamaah Islamiyah (JI), which will provide them with an opportunity to further investigate a series of terror attacks in the past, including the bomb blasts in Bali and Makassar. National Police Chief Gen.

China to join ASEAN at SARS summit

China to join ASEAN at SARS summit THAILAND: Bangkok said on Wednesday Chinese Premier Wen Jiabao would join Southeast Asian leaders in Bangkok next week to find ways to tackle the SARS virus that has killed more than 200 people and hurt the region's economies. Foreign Minister Surakiart Sathirathai told reporters leaders of the 10-member Association of Southeast Asian Nations (ASEAN) would gather for a one-day meeting on April 29 in Bangkok, and then hold talks with Wen immediately afterwards.

Suspected terrorist Ba'asyir goes on trial for treason, bombings

Suspected terrorist Ba'asyir goes on trial for treason, bombings Kurniawan Hari, The Jakarta Post, Jakarta The Central Jakarta District Court opened the trial on Wednesday of the alleged leader of regional terrorist network Jamaah Islamiah (JI) on charges of treason. Many view the trial as being a test case of the country's resolve to fight terrorism.

Five Bogor residents die mysteriously

Five Bogor residents die mysteriously BOGOR: Five residents of the same neighborhood in Kampung Parung Alen in Cikeas village, Sukaraja district, Bogor regency, died from a mysterious illness within 10 days of each other. The victims were Tiyah, 15, her mother Nayah, 60, her mother- in-law Upi, 60, Aisyah, 35, and Herni, 13. They died between April 9 and April 19. Tiyah's father, Uci, said that on April 12, Tiyah had a high fever, stomachache and headache.

Oracle launches new product

Oracle launches new product JAKARTA: PT Oracle Indonesia started on Wednesday a marketing campaign for its latest data-based collaboration software product, which is expected to challenge the products made by IBM and Microsoft, the leading industry players here. Oracle vice president Christopher Hummel said in a press conference that the company's 400 corporate clients would be the main market target for the new software product. He declined to disclose the sales target.

Investment Year

Investment Year The prototype investment destination in Indonesia The unfavorable situation in the world economy will undoubtedly make the task of the Batam Industrial Development Authority (BIDA) in attracting foreign investors more challenging. The task will be rendered even more difficult by the lack of the government support. The central government's policies regarding investment in Batam and the neighboring islands of Rempang and Galang have been discouraging.

Govt spells out conditions for talks with GAM

Govt spells out conditions for talks with GAM Tiarma Siboro and Nani Farida, The Jakarta Post, Jakarta The government has spelled out conditions for the planned Joint Council meeting with the Free Aceh Movement (GAM) in Geneva, but emphasized that the terms were non-negotiable.

Hal: 5

Hal: 5 BKPM pulls rank to bolster foreign investment in RI Hal: 6 RI businesses still far from collapse Workers have yet to receive adequate attention Hal: 16 The Year of Investment or the Year of More Predicaments Hal: 17 Globalization: Improving the rules of the game Hal: 18 Regional trade: ASEAN on the comeback trail Cement producers heading for a better future Kaptions JP/Mulkan Salmona TAKING SHAPE: Built-up cars continue to be imported despite an increase in local assembly.

Council asked to probe ownership of Sheraton hotel

Council asked to probe ownership of Sheraton hotel Bambang Nurbianto, The Jakarta Post, Jakarta The City Council is urged to establish a special committee tasked with investigating the decrease in the city's shares in the 16- story Hotel Sheraton Media on Jl. Gunung Sahari, Central Jakarta.

Who will be candidate of the Islamic camp in 2004?

Who will be candidate of the Islamic camp in 2004? Muhammad Qodari, Centre for Strategic and International Studies (CSIS), Jakarta, Qodari@csis.or.id Compared to the nationalist camp, the Islamic camp has more prominent political leaders with the potential to become serious candidates in the 2004 presidential election. The nationalists "only" have the incumbent President Megawati Soekarnoputri, ministers Susilo Bambang Yudhoyono and Jusuf Kalla, and Yogyakarta Governor Sultan Hamengkubuwono X.

Man shot in Rp100m robbery

Man shot in Rp100m robbery JP/ /Across Man shot in Rp100m robbery CIREBON, West Java: An employee of a money exchange was shot in the hand during a daylight robbery in the town of Cirebon on Wednesday that netted Rp 100 million (about US$11,000). The victim, Tan Ko Ling, 56, works for the currency exchange company Kim Valas located on Jl. Pekiringan, according to Cirebon Police detective chief Adj. Comr. Taufik Asrori.

Gandhi land swap upset residents

Gandhi land swap upset residents M. Taufiqurrahman, The Jakarta Post, Jakarta Hundreds of people, including women and schoolchildren, took to the streets of Ancol, North Jakarta, on Wednesday to protest a plan by the Gandhi Memorial International School's (GMIS) to take possession of two state elementary schools and in return build a replacement school elsewhere.

2.(2 x 24)

2.(2 x 24) Over 70,000 students take UGM entrance exams 3. Rights (1 x 45) RI seeks UN Human Rights Commission membership 3. Capres (1 x 50) Chances slim for emergence of alternative candidates

'My neighbors ride with me to work'

'My neighbors ride with me to work' The city administration unveiled last week its plan to extend the three-in-one traffic regulation, but experts say that a well- planned and comprehensive transportation system would be far more effective in alleviating the city's severe traffic problems. Under the three-in-one policy, vehicles with fewer than three passengers have not been allowed to enter the restricted zone.

Five Bogor residents die mysteriously

Five Bogor residents die mysteriously BOGOR: Five residents of the same neighborhood in Kampung Parung Alen in Cikeas village, Sukaraja district, Bogor regency, died from a mysterious illness within 10 days of each other. The victims were Tiyah, 15, her mother Nayah, 60, her mother- in-law Upi, 60, Aisyah, 35, and Herni, 13. They died between April 9 and April 19. Tiyah's father, Uci, said that on April 12, Tiyah had a high fever, stomachache and headache.

New CAR ruling to be applied to 40 banks next year

New CAR ruling to be applied to 40 banks next year Dadan Wijaksana, The Jakarta Post, Jakarta Bank Indonesia said on Wednesday that a new, tougher regulation with regard to bank capital would only be applied to 30 to 40 banks starting next year, while smaller banks would still have two years to prepare for it.

Remote trading on JSX reaches Rp 4.9t

Remote trading on JSX reaches Rp 4.9t The Jakarta Post, Jakarta One year after its commencement, the value of share transactions through remote trading on the Jakarta Stock Exchange (JSX) has reached Rp 4.9 trillion (about US$563 million). A press release issued by the JSX on Wednesday said there were some 525,241 orders and a transaction volume of 7.9 billion shares.

Russian jet fighters set to strengthen Indonesian air defense

Russian jet fighters set to strengthen Indonesian air defense Agencies, Jakarta Indonesia has moved to end its long-standing dependence on U.S. military aircraft with the arrival of four Russian-made Sukhoi jet fighters in September and another 44 fighters in the next four years. The first batch consists of two Sukhoi-27, two Sukhoi-30 and two assault Mi-35 helicopters, which will be publicly displayed during the Indonesian Military's anniversary celebration on Oct. 5. TNI Chief Gen.