Indonesian Political, Business & Finance News

Archive: 25 July 2003

87 articles found

RI crewman killed on fishing boat

RI crewman killed on fishing boatUNITED STATES: Japanese Coast Guard officials boarded the fishing vessel Ebisu-Maru 31 after it docked at Honolulu Harbor to investigate the stabbing death of an Indonesian crewman.

[b]Indonesia-U.S. military

Indonesia-U.S. military relations down, but not outBantarto Bandoro Editor, The Indonesian Quarterly Centre For Strategic and International Studies (CSIS) Jakarta bandoro@csis.or.id 2. Yanu2 -- Trade -- a market fundamentalism 1 x 30 Trade between nations needs to be regulated Part 2 of 2Yanuar...

Police urged to curb violence against children

Police urged to curb violence against childrenApriadi Gunawan, The Jakarta Post, Medan, North Sumatra A local nongovernmental organization and law practitioner strongly urged the police to be proactive in enforcing the law to curb the increasing violence against children in North Sumatra.

'Bapepam should ask mining firm Bumi Resources to disclose deal'

'Bapepam should ask mining firm Bumi Resources to disclose deal'Fitri Wulandari, The Jakarta Post, Jakarta The Capital Market Supervisory Agency (Bapepam) must request publicly-listed mining company PT Bumi Resources to disclose the details on it will finance its controversial acquisition of coal...

Oil and gas companies want flexible operating procedures

Oil and gas companies want flexible operating proceduresThe Jakarta Post, Yogyakarta Oil and gas companies operating in the country urged on Thursday upstream authority BP Migas to give them greater freedom in handling problems around their operating sites.

Diarrhea patients up in Palu

Diarrhea patients up in Palu PALU, Central Sulawesi: The number of people afflicted with diarrhea is increasing in Palu, the capital of Central Sulawesi, with 50 patients admitted to several local hospitals this week.Most of the patients are babies and children.

Where to go in Jakarta:Friday, July 25, 2003

Where to go in Jakarta:Friday, July 25, 2003Exhibitions* Contemporary Art Childhood Objects, Cemara 6 Galeri (kafe), Jl. HOS. Cokroaminoto 9 - 11 Central Jakarta, 10 a.m. to 7 p.m., until Aug. 18. * Fine Arts Tubuh 4, Lontar Gallery, Jl. Utan Kayu 68H, East Jakarta (Tel. 8573388), 10 a.m. to 5 p.m.

RI-U.S. military ties not out

RI-U.S. military ties not outBantarto Bandoro, Editor, The Indonesian Quarterly, Centre For Strategic and International Studies (CSIS), Jakarta, bandoro@csis.or.id Recent weeks have seen a profusion of developments that have substantially affected the state of bilateral ties between Indonesia and...

'Separatism a fertile ground for JI'

'Separatism a fertile ground for JI'Muhammad Nafik, The Jakarta Post, Jakarta The rise of separatism in many parts of Indonesia and in neighboring countries has created a fertile ground for extremists and terrorist movements to expand their networks in southeast Asia, which could complicate...

PIB undergoes screening

PIB undergoes screening JAKARTA: The Ministry of Justice and Human Rights began screening the New Indonesia Alliance Party (PIB) on Wednesday. A team from the Ministry for Justice and Human Rights visited PIB's headquarters on Wednesday to determine whether the party had already met the...

Bogus journalist defrauds job seekers

Bogus journalist defrauds job seekers JAKARTA: A man identified as Heru Olsos allegedly defrauded eight people in Cipinang Cempedak, East Jakarta, of Rp 30 million (US$3,660) by posing as a journalist from Antara state news agency.

JP/2/UIN

JP/2/UINMore terrorist threats cannot be ignored, seminar says Muhammad Nafik The Jakarta Post JakartaThe threat of further terrorist attacks by Jamaah Islamiyyah (JI) is tangible, and could endanger peace and security throughout Southeast Asia and other regions across the globe, a three-day...

Experts give conditional support to reclamation

Experts give conditional support to reclamationBambang Nurbianto, The Jakarta Post, Jakarta Environmental technology experts with the Agency for the Assessment and Application of Technology (BPPT) have thrown their weight behind the city administration's plan to reclaim northern coastal areas,...

Insurance firms suffer lower profit

Insurance firms suffer lower profitEvi Mariani, The Jakarta Post, Jakarta The country's insurance industry will experience a lower profit this year amid declining domestic interest rates, chairman of the Indonesian Insurance Council (DAI) Hotbonar Sinaga said on Thursday.

Sustainability first or conflict: UNEP chief

Sustainability first or conflict: UNEP chief "Let us developing countries exploit our resources to catch up with developed countries and then we will clean up the environment."This statement was conveyed by then Indonesian environment minister Emil Salim to then German environment minister Klaus...

TNI claims it has killed GAM deputy governor

TNI claims it has killed GAM deputy governorTertiani ZB Simanjuntak and Fabiola Desy Unidjaja, The Jakarta Post, Lhokseumawe/Nusa Dua The Indonesian Military (TNI) has announced that it killed a high-ranking official of the Free Aceh Movement (GAM) structure as the war against the rebels enters a...

Van plunges into ravine, five die

Van plunges into ravine, five die PADANG, West Sumatra: At least five people died and 16 others were injured after the van they were riding in plunged into a deep ravine on Pulau Batangkapas hill, Pesisir Selatan district in West Sumatra, on Wednesday.

Bogus policeman arrested

Bogus policeman arrested JAKARTA: Police have arrested a man at a food stall in Mangga Besar, West Jakarta for posing as a police officer and demanding protection money from gambling kings.The suspect, Endang Kusnadi, 35, who was nabbed on Wednesday, claimed that he had passed himself off as a...

Utut draws in Biel third round

Utut draws in Biel third round JAKARTA: Grand Master (GM) Utut Adianto of Indonesia was held to a draw by International Master (IM) Julen Arizmendi of Spain in the third round of the Biel Open chess tournament in Biel, Switzerland, on Wednesday.

PDI Perjuangan party faces deepening conflict

PDI Perjuangan party faces deepening conflictM. Taufiqurrahman, The Jakarta Post, Jakarta Hundreds of Indonesian Democratic Party of Struggle (PDI Perjuangan) supporters in Semarang, Central Java burned on Thursday the picture of party chairperson Megawati Soekarnoputri following the defeat of...

Security system at vital assets still weak: Top security minister

Security system at vital assets still weak: Top security ministerTiarma Siboro, The Jakarta Post, Jakarta Vital assets and public places in the capital city of Jakarta are still at risk of possible terror attacks due to the absence of standard security equipment and systems, a top security minister...

University students oppose mining in protected forests

University students oppose mining in protected forestsApriadi Gunawan, The Jakarta Post, Medan, North Jakarta Hundreds of students from the University of North Sumatra (USU) rallied at the provincial legislature and gubernatorial offices on Thursday to protest against the central government's plan...

447 drilling wells have no permits

447 drilling wells have no permitsTheresia Sufa The Jakarta Post BogorA total of 447 drilling wells in the industrial estates of Citeureup, Gunung Putri and Cileungsi in Bogor regency do not have permits from the regency mining authority.

Asia, Europe oppose unilateralism

Asia, Europe oppose unilateralismFabiola Desy Unidjaja, The Jakarta Post, Nusa Dua, Bali The countries attending the Asia and Europe Meeting (ASEM) reaffirmed on Thursday their commitment to the multilateral approach to defusing international conflicts and the empowerment of the United Nations (UN)...

The Jakarta Post

The Jakarta Post JakartaPressure on the rupiah continued on Thursday, sending the local unit to a new multi-month low early in the day, although late intervention by Bank Indonesia helped mitigate the losses.The rupiah closed at Rp 8,590 per U.S.

Aceh: How to lose hearts and minds

Aceh: How to lose hearts and mindsInternational Crisis Group, Jakarta/Brussels In April 2001, Susilo Bambang Yudhoyono, Indonesia's Coordinating Minister of Security and Political Affairs, gave a long interview on Aceh to Media Indonesia, a Jakarta newspaper.

Condolences

CondolencesWe wish to express our deepest sympathy on the passing ofH. Achmad Jacob bin J.S. Partasasmita (70 years of age)the father of Adi Purnama, a staffer in our photo documentation division, on Wednesday, July 23, 2003, in Bekasi Timur, West Java.

Megawati calls for mutual respect

Megawati calls for mutual respectFabiola Desy Unidjaja, The Jakarta Post, Jakarta President Megawati Soekarnoputri has called for mutual respect and parity among member countries of the Asia-Europe forum.

Utut, Spaniard draw at Biel Open

Utut, Spaniard draw at Biel Open JAKARTA: Grand Master (GM) Utut Adianto of Indonesia was held to a draw by International Master (IM) Julen Arizmendi of Spain in the third round of the Biel Open chess tournament in Biel, Switzerland, on Wednesday.

Sukhoi deal is betrayal of 'reformasi'

Sukhoi deal is betrayal of 'reformasi' Rizal Ramli Former Coordinating Minister for the Economy Jakarta 2. Yale -- A new era in EU-ASEAN relations? 1 x 45Is there now a new era in EU-ASEAN relations?Shada Islam Journalist Yale Center for the Study of Globalization Brussels

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_________________________________________________________________________________________ Rupiah Rates July 24 _________________________________________________________________________________________ Banknote rates TT rates Selling Buying Selling Buying Australian dollar 1 6,067.23 5,401.15 5,764.

Police seize illegal logs in C. Lombok

Police seize illegal logs in C. LombokLuh Putu Trisna Wahyuni, The Jakarta Post, Mataram, West Nusa Tenggara The police have confiscated thousands of mahogany logs stolen from three protected forests in Central Lombok regency, West Nusa Tenggara, and pledged to thoroughly investigate the case.

Sukhoi deal is betrayal of 'reformasi'

Sukhoi deal is betrayal of 'reformasi'Rizal Ramli, Former Coordinating Minister for the Economy, Jakarta I agree wholeheartedly that the Indonesian Military (TNI) is in great need of improvements and additions to existing military equipment, primarily to contain social unrest and separatist...

Is there now a new era in EU-ASEAN relations?

Is there now a new era in EU-ASEAN relations?Shada Islam, Journalist, Yale Center for the Study of Globalization, Brussels Southeast Asian countries seeking to balance America's dominating presence in Asia with more robust European Union involvement can take heart: A new European Commission...

Court asked to allow Ba'asyir's a break

Court asked to allow Ba'asyir's a break JAKARTA: Muslim hard-line group the Indonesia Mujahidin Council (MMI) asked the court on Thursday that Muslim cleric Abu Bakar Ba'asyir, who is standing trial for treason, be permitted to take a break from detention to attend the annual congress of the...

A tiger mauls palm oil worker to death

A tiger mauls palm oil worker to death JAKARTA: A Sumatran tiger is believed to have mauled to death a palm oil plantation worker in Indonesia's Riau province, reports said on Thursday.Muis was found unconscious with deep gashes in his chest and belly at the plantation in Siak district in Riau...

Thaksin offers to act as mediator in Myanmar crisis

Thaksin offers to act as mediator in Myanmar crisisAgencies, Bangkok/Yangon Thai Prime Minister Thaksin Shinawatra said on Thursday he was willing to act as a mediator to resolve the political deadlock in Myanmar where opposition leader Aung San Suu Kyi is being held in detention.

East Bengal will meet BEC in ASEAN's LG Cup final

East Bengal will meet BEC in ASEAN's LG Cup finalArya Abhiseka, The Jakarta Post, Jakarta Indonesia's hopes for a representative in the final of the inaugural ASEAN Club Championship were shattered as Petrokimia Putra bowed out after a gripping penalty shootout (8-7) to East Bengal of India in the...

Malaysian students'

Malaysian students' opportinity in UkraineV.K. CHIN The Star Online The recent visit by Prime Minister Datuk Seri Dr. Mahathir Mohamad to Ukraine has shown that there are many economic and educational opportunities for Malaysians in the former Soviet Union states and Eastern Europe.

RP to seek $15.7-16.08b budget

RP to seek $15.7-16.08b budget MANILA: President Gloria Arroyo is likely to seek a 2004 national budget of between 850 billion and 870 billion pesos (15.7 billion to US$16.08 billion) from the Philippines Congress next week, an official said on Thursday.

Kidnapping gang out of control

Kidnapping gang out of controlThe Jakarta Post, Jakarta A suspected gang of serial kidnappers targeting children is reportedly operating in Jakarta and a number of cities in West Java.One of the child kidnap victims was brutally raped and murdered even after a ransom was paid.

JP/4/separatist

JP/4/separatist'Separatism creates a fertile ground for JI'Muhammad Nafik The Jakarta Post JakartaThe rise of separatism in many parts of Indonesia and in neighboring countries has created a fertile ground for extremists and terrorist movements to expand their networks in southeast Asia, which...

JP/2/UIN

JP/2/UIN'More terror threats cannot be ignored' Muhammad Nafik The Jakarta Post JakartaThe threat of further terrorist attacks by Jamaah Islamiyyah (JI) is tangible, and could endanger peace and security throughout Southeast Asia and other regions across the globe, a three-day seminar concluded...

Regency complains of illegal wells

Regency complains of illegal wellsTheresia Sufa, The Jakarta Post, Bogor A total of 447 industrial artesian wells in the industrial estates of Citeureup, Gunung Putri and Cileungsi in Bogor regency do not have permits from the regency mining authority.

JP/4/separatist

JP/4/separatist'Separatism creates a fertile ground for JI'Muhammad Nafik The Jakarta Post JakartaThe rise of separatism in many parts of Indonesia and in neighboring countries has created a fertile ground for extremists and terrorist movements to expand their networks in southeast Asia, which...

JP/4/separatist

JP/4/separatist'Separatism creates a fertile ground for JI'Muhammad Nafik The Jakarta Post JakartaThe rise of separatism in many parts of Indonesia and in neighboring countries has created a fertile ground for extremists and terrorist movements to expand their networks in southeast Asia, which...

Ali Imron obtained guns from al-Ghozi

Ali Imron obtained guns from al-Ghozi SURABAYA, East Java: Ali Imron, a defendant in high profile Bali bombing case, told a court on Thursday he had obtained two guns from Fathurrohman al-Ghozi, a leader of regional terrorist network Jamaah Islamiyah (JI) who recently escaped from a Philippine...

JP/4/separatist

JP/4/separatist'Separatism a fertile ground for JI cells'Muhammad Nafik The Jakarta Post JakartaThe rising separatism in Indonesia and neighboring countries may have created a fertile ground for extremist and terrorist movements to expand networks in southeast Asia, which could complicate security...

Indian meeting sets up Asian anti-AIDS fight

Indian meeting sets up Asian anti-AIDS fightPatricia Reaney, Reuters, London India, China and Indonesia are the new battlegrounds in the fight against AIDS but have a unique chance to combat the disease by preparing early, an expert said on Thursday.

53 subdistricts at risk for fire

53 subdistricts at risk for fire JAKARTA: The city's top firefighter, Johnni Pangaribuan, said on Wednesday 53 of 167 subdistricts in the city's five mayoralties were at risk for fire, particularly those districts with large slum areas.

Arroyo welcomes Indonesia's support for peace process

Arroyo welcomes Indonesia's support for peace processTeresa Cerojano, Associated Press, Manila The Philippines on Thursday welcomed "snowballing international support" for its peace process with Muslim separatists, especially from Indonesia, the world's largest Muslim nation.

Vendors in Taman Rasuna evicted

Vendors in Taman Rasuna evicted JAKARTA: Public order officers tore down on Thursday morning 47 kiosks along Jl. Taman Rasuna in Kuningan, South Jakarta, between Pasar Festival and MMC Hospital. One of the vendors, Mahdari, told The Jakarta Post the owners of 40 of the kiosks received Rp 5 million...

ASEM ministers ask Myanmar to free Suu Kyi

ASEM ministers ask Myanmar to free Suu KyiFabiola Desy Unidjaja, The Jakarta Post, Nusa Dua, Bali Foreign ministers from Asia and Europe urged Myanmar on Thursday to immediately release Aung San Suu Kyi and other pro-democracy leaders, and guarantee freedom to engage in political activities.

RI signs initial LNG agreement

RI signs initial LNG agreementBloomberg, Jakarta Indonesia, the world's biggest exporter of liquefied natural gas, signed an initial agreement with Marathon Oil Corp. to market LNG to the U.S. and Mexico.

Purnomo won't attend OPEC talks

Purnomo won't attend OPEC talks JAKARTA: Indonesia's Mines and Energy Minister Purnomo Yusgiantoro said he can't attend a meeting of the Organization of Petroleum Exporting Countries in Vienna July 31 because of an annual session of the nation's highest legislative body being held early in August.

* Headlines:PDI Perjuangan faces deepening conflict2

* Headlines:PDI Perjuangan faces deepening conflict2 * National:'Separatism creates fertile ground for JI'4 * Archipelago:Police seize stolen logs 5 * Opinion:Sukhoi deal is betrayal of 'reformasi'7 * City:City having trouble taking out the trash 8 * Sports:Thorpe and Phelps on world gold trail 9 *...

One die, three others hurt in bus collision

One die, three others hurt in bus collision At least one person was killed and three others injured seriously in a head-on bus collision near Pemalang, Central Java, on Thursday.Following the collision, the both vehicles caught fire, but the blaze was put out after a water tanker was deployed by...

RI to partner with foreign universities

RI to partner with foreign universitiesMoch. N. Kurniawan, The Jakarta Post, Jakarta The government is drafting a regulation to allow foreign learning institutions to open branches in Indonesia, in order to improve the quality of the country's human resources.

Akbar told to drop presidential bid

Akbar told to drop presidential bid MAKASSAR, South Sulawesi: Media baron Surya Paloh said on Thursday he would ask Golkar chairman Akbar Tandjung to reconsider his bid for the presidency.Paloh, who is contesting the national convention to select Golkar's presidential candidate, told party...

JAKARTA: The General Elections Commission (KPU) will hold a

JAKARTA: The General Elections Commission (KPU) will hold a meeting with its provincial and regental offices nationwide in two weeks to discuss electoral districts.The meeting is scheduled to be held in Sahid Hotel here, from Aug. 5 to Aug. 9.

'New proof shows Australian island belong to Indonesia'

'New proof shows Australian island belong to Indonesia'Yemris Fointuna, The Jakarta Post, Kupang, East Nusa Tenggara Indonesia has a strong case to bring its claim over an island occupied by neighboring Australia to the International Court of Justice, an official says.

Conjoined twins die in the hospital

Conjoined twins die in the hospitalYuli Tri Suwarni, The Jakarta Post, Bandung Two-week-old conjoined twins with fused lower bodies died of infection in a hospital here on Thursday, their doctor said.Suganda Tanuwidjaja, a member of the medical team treating the twins, said that the twins died of...

KPC hits new minefield

KPC hits new minefield The three-year legal tangle over the divestment of 51 percent of shares in PT Kaltim Prima Coal (KPC) took a new twist this week after KPC's controlling owners, British BP Plc and Anglo- Australian Rio Tinto, reportedly agreed to sell their entire stake to PT Bumi Resources,...

Van plunges into ravine, five die

Van plunges into ravine, five die PADANG, West Sumatra: At least five people died and 16 others were injured after the van they were riding in plunged into a deep ravine on Pulau Batangkapas hill, Pesisir Selatan district in West Sumatra, on Wednesday.

Aussie firm to list New Hope

Aussie firm to list New HopeDow Jones Sydney Australia's Washington H. Soul Pattinson & Co. is preparing to list its New Hope Corp. subsidiary on the Australian Stock Exchange, giving investors a more direct route into a massive Indonesian coal mine.

North Maluku refugees to be sent home

North Maluku refugees to be sent home AMBON, Maluku: The Maluku civilian emergency administration is set to repatriate 5,140 people currently taking refuge in Ambon to their homes in North Maluku."We will send thousands of refugees home soon," said Rachman Soumena, who heads the refugee center in...

Irwanto helps out young addicts

Irwanto helps out young addictsM. Taufiqurrahman, The Jakarta Post, Jakarta Irwanto has dedicated the last 20 years of his life to helping children, but characteristic of the 46-year-old activist is he has never sought to win publicity for his good work.

Utut, Spaniard draw at Biel Open

Utut, Spaniard draw at Biel OpenJAKARTA: Grand Master (GM) Utut Adianto of Indonesia was held to a draw by International Master (IM) Julen Arizmendi of Spain in the third round of the Biel Open chess tournament in Biel, Switzerland, on Wednesday.

1. PDIP: 48 pt, 4 cols, 2 X 24

1. PDIP: 48 pt, 4 cols, 2 X 24 PDI Perjuangan faces deepening conflict 2. GOVERNOR: 36 pt, 3 cols, 2 x 25 Mardiyanto reelected as Central Java governor 3. KPC: 28pt, 4 cols, 2 x 36 'Bapepam should ask mining firm Bumi Resources to disclose deal' 4.

Vendors in Taman Rasuna evicted

Vendors in Taman Rasuna evicted JAKARTA: Public order officers tore down on Thursday morning 47 kiosks along Jl. Taman Rasuna in Kuningan, South Jakarta, between Pasar Festival and MMC Hospital.One of the vendors, Mahdari, told The Jakarta Post the owners of 40 of the kiosks received Rp 5 million...

Sentul to host FIM Asia event

Sentul to host FIM Asia event JAKARTA: The Sentul circuit will stage the second series of the FIM Asia Road Racing Championship, from Aug. 1 to 3, according to a release from the circuit management.The motorbike competition will contest the Supersport 600cc and Underbone 125cc with riders expected...

'Dia' hits the screen, and the street

'Dia' hits the screen, and the streetTantri Yuliandini, The Jakarta Post, Jakarta If one should happen to drive through Jl. Jend. Sudirman in Central Jakarta, it is likely that one would see a billboard for new TV drama Dia (Her).

Gunawan still in city, plans to surrender: Police

Gunawan still in city, plans to surrender: PoliceDamar Harsanto, The Jakarta Post, Jakarta A police source revealed on Thursday that fugitive Gunawan Santoso alias Acin, former son-in-law of the late Boedyharto Angsono, 60, president of computer firm PT Asaba was still in the city and planned to...

Komatsu to pay dividends

Komatsu to pay dividends JAKARTA: PT Komatsu Indonesia, the largest construction equipment manufacturer in Southeast Asia, announced on Thursday it would pay dividends worth a total of Rp 19.2 billion (US$2.2 million), or Rp 50 per share.

Indosat hopes to solve debt woes

Indosat hopes to solve debt woesDow Jones, Jakarta PT Indonesian Satellite Corp., or Indosat, the country's second largest telecoms company, said it plans to reorganize its business in a bid to solve a growing debt problem.Indosat has hired consultants from ING Groep N.V.

City having trouble taking out the trash

City having trouble taking out the trashBambang Nurbianto, The Jakarta Post, Jakarta Mountains of filthy, rotting garbage piled up on street corners could once again become an odorous feature of life in Jakarta by January if the city does not find alternate sites to dispose of its trash, as the...

JP/4/separatist

JP/4/separatist'Separatism creates a fertile ground for JI'Muhammad Nafik The Jakarta Post JakartaThe rise of separatism in many parts of Indonesia and in neighboring countries has created a fertile ground for extremists and terrorist movements to expand their networks in southeast Asia, which...

Reporting on Aceh

Reporting on Aceh I agree wholeheartedly with Hilda May's comment in The Jakarta Post on July 15, regarding Aboeprijadi's article Unspoken protest amid prolonged war in Aceh.The article is a black-and-white picture of government forces as the bad guys and the rebel forces as the good guys.

Free education

Free educationFrom Republika Many parents are now too poor to send their children to school and many of these children, for whom education is a basic right, are forced to earn money to help their parents. Some of them even become (petty) criminals.

Mardiyanto reelected as Central Java governor

Mardiyanto reelected as Central Java governorSuherdjoko, The Jakarta Post, Jakarta Incumbent Central Java governor Mardiyanto was reelected for the 2003-2008 period on Thursday, winning 62 of 99 votes in the local legislature.

A show case of clove cigarette history

A show case of clove cigarette historyAendra H. Medita, Contributor, Kudus, Central Java Kudus is well-known for its soto, or chicken soup with bean sprouts, and most notably for its museum which showcases the history of rokok kretek -- clove-blended cigarettes.

Limited facilities for officials

Limited facilities for officialsFrom Suara Karya The government has drafted a regulation on the standardization of facilities and infrastructures for state officials, including restrictions on the use of official cars, which deserves our support.

The retired are made to suffer

The retired are made to sufferFrom Media Indonesia As of July 2003, the pension increase for retired civil servants (PNS) and servicemen and women (TNI) has not been paid, while the pensioners' association (Wredatama) and retired servicemen and women's association (Pepabri) have been less than...

BPUI repays Timah with a plot of land

BPUI repays Timah with a plot of landRendi A. Witular, The Jakarta Post, Jakarta After a five-year dispute, state-owned mining company PT Timah was able to retrieve its investment from PT Bahana Pembinaan Usaha Indonesia (BPUI), the troubled state-owned investment company.

Part 2 of 2 Trade -- a market fundamentalism

Part 2 of 2 Trade -- a market fundamentalismYanuar Nugroho, Director, Business Watch Indonesia, Surakarta, yanuar-n@unisosdem.org There is series of issues called the "Singapore Issues" or "New Issues" to be launched at Cancun, that consist of the issues of investment policy, competition policy,...

Rupiah hits new low as pressure continues

Rupiah hits new low as pressure continuesThe Jakarta Post, Jakarta Pressure on the rupiah continued on Thursday, sending the local unit to a new multi-month low early in the day, although late intervention by Bank Indonesia helped mitigate the losses.The rupiah closed at Rp 8,590 per U.S.

NISP reports 121% jump in net profit

NISP reports 121% jump in net profitThe Jakarta Post, Jakarta Medium-sized bank NISP announced on Wednesday a 121 percent surge in first semester net profit on the back of strong net interest income in an industry where major banks have largely been unable to restore their lending operations since...