Indonesian Political, Business & Finance News

Archive: 4 July 2003

67 articles found

ASEAN to work with China, Japan for energy security

ASEAN to work with China, Japan for energy securityAgence France-Presse, Langkawi, Malaysia Energy ministers of the Association of Southeast Asian Nations (ASEAN) pledged on Thursday to intensify efforts to diversify energy sources and cooperate with China, Japan and South Korea to boost energy...

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on July 3 , 2003:-------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Abdi Bangsa Tbk 275 0 0 Ades Alfindo Tbk...

Japanese govt sued over power project

Japanese govt sued over power projectHaidir Anwar Tanjung, The Jakarta Post, Pekanbaru, Riau The Tokyo court has accepted a lawsuit against the Japanese government which helped finance the construction of a controversial hydropower project in the Riau district of Koto Panjang, says an environmental...

Gus Dur asks Taufik on PKB dispute

Gus Dur asks Taufik on PKB dispute JAKARTA: The leadership dispute in the National Awakening Party (PKB) has taken a new twist with PKB patron Abdurrahman "Gus Dur" Wahid sending on Thursday a memo to Taufik Kiemas, the husband of President Megawati Soekarnoputri, to help settle the dispute.

`TNI chief knew of Sukhoi deal'

`TNI chief knew of Sukhoi deal'Kurniawan Hari, The Jakarta Post, Jakarta The probe into the Sukhoi deal is set to expand following a revelation that the Indonesian Military (TNI) Chief Gen. Endriartono Sutarto bypassed Minister of Defense Matori Abdul Djalil when procuring the Russian jet fighters...

City to build new bus terminal

City to build new bus terminal JAKARTA: The city administration will start the building of the Pulo Gebang bus terminal in 2004 after completing the clearance of a total of 10.9 hectares of land, an official said on Thursday."From the whole area needed for the construction, only 1.

BI sees inflation at below 8 percent

BI sees inflation at below 8 percentDadan Wijaksana, The Jakarta Post, Jakarta Bank Indonesia expects inflation this year to be lower than 8 percent as recent improvements in macroeconomic conditions have led to lower inflationary pressures.

Commerce Asset doesn't rule out Bank Niaga bid

Commerce Asset doesn't rule out Bank Niaga bidDow Jones, Kuala Lumpur Malaysian financial group Commerce Asset-Holding Bhd. on Thursday said it isn't ruling out a bid for a further 20 percent stake in Indonesia's PT Bank Niaga.Commerce Asset already owns 51 percent of the bank.

Bali explosion created tremor, says expert

Bali explosion created tremor, says expertWahyoe Boediwardhana, The Jakarta Post, Denpasar, Bali An expert witness told judges in the trial of Ali Gufron, one of the key suspects in the deadly Bali bombing, on Thursday that the explosion caused a tremor equal to an earthquake measuring 0.

House approves BLBI settlement at taxpayers' expense

House approves BLBI settlement at taxpayers' expenseM. Taufiqurrahman, The Jakarta Post, Jakarta After years of high profile political wrangling on how to settle the huge cost of the controversial Bank Indonesia emergency loan scheme, the House of Representatives finally gave up its fight and...

PT KAI adds two trains to Bandung-Jakarta route

PT KAI adds two trains to Bandung-Jakarta routeYuli Tri Suwarni, The Jakarta Post, Bandung State train operator PT Kereta Api Indonesia (KAI) said on Thursday it was adding two trains to serve the overcrowded route from Bandung to Jakarta, and one extra car for each train to cities in East Java...

Some 141.89 million people registered as voters

Some 141.89 million people registered as votersMoch. N. Kurniawan, The Jakarta Post, Jakarta A total of 141.89 million people of the 212.9 million population have already registered as eligible voters in the 2004 general election, up by 20 percent from about the 118.

Bond issues in second half likely to drop

Bond issues in second half likely to dropThe Jakarta Post, Jakarta After a record supply of corporate bonds in the first half of this year, experts say that new issues in the second half would most likely decrease as most blue-chip companies had already issued bonds, and due to a further drop in...

Member countries of the Association of Southeast Asian Nations

Member countries of the Association of Southeast Asian Nations (ASEAN) don't need a common oil stockpiling program because of the 1986 Asean Petroleum Security Agreement (APSA), Mohd Hassan Merican, chief executive officer of Malaysia's Petronas, said on Thursday.

1. DISCOURSE: 1 x 50

1. DISCOURSE: 1 x 50 Indonesia negligent over its maritime boundaries 2. IRAQ: 2 x 30 U.S. tries to build democracy in Iraq through occupation 3. MYANMAR: 2 x 30 'ASEAN's moves on Suu Kyi's detention will depend on RI' 4. INUL: 1 x 44 Malaysia bans 'raunchy' Indonesian musician 5.

Secure Parking defends new rates

Secure Parking defends new rates JAKARTA: Secure Parking, the largest operator of city off- street parking, insisted on Thursday that it would not cancel the new rates for private parking, though it has been threatened with a lawsuit over the unilateral increase.

Adm. M Lutfie to lead Bais

Adm. M Lutfie to lead Bais JAKARTA: The leadership of the Indonesian Military's (TNI) Strategic Intelligence Agency (Bais) will be handed over from Vice Marshall Ian Santoso Perdanakusuma to Rear Adm. M. Lutfie in a ceremony slated to be held on Friday, a report said.

Whence did LTTE arms ship embark?

Whence did LTTE arms ship embark?Udeni Peiris, The Island, Asia News Network, Colombo, Sri Lanka The debate which follows the sinking of each Liberation Tigers of Tamil Ealam (LTTE) ship with a load of weapons is once again on; who gave the order to sink the ship -- President or Defense Minister?...

Tommy seeks review of murder conviction

Tommy seeks review of murder convictionMuninggar Sri Saraswati, The Jakarta Post, Jakarta Convicted Hutomo "Tommy" Mandala Putra, -- who earlier accepted his 15-year jail term sentence for the 2001 murder of Justice Syafiuddin Kartasasmita and three other cases -- has decided to challenge the...

1. Maluku: 8 x 4 lines

1. Maluku: 8 x 4 linesMilitary warns of dangers in Maluku2. KAI: 20 x 2 linesPT KAI adds two trains to Bandung-Jakarta route3. Sue: 16 x 2 linesJapanese govt sued over power project

Human rights body must win back public trust

Human rights body must win back public trustAchmad Ali, Professor of Law, Hasanuddin University, Makassar, South Sulawesi Polls in a number of media publications indicate that the majority of Indonesians support the military operation to crush the rebellious Free Aceh Movement (GAM) in Aceh.

GAM confirms guerrillas holding `RCTI' crew hostage

GAM confirms guerrillas holding `RCTI' crew hostageThe Jakarta Post, Jakarta The Free Aceh Movement (GAM) revealed on Thursday that it had taken an RCTI journalist and cameraman who have been missing for four days and spelled out that their release along with three other Acehnese would depend on...

Govt to go ahead with Russia deal despite probe

Govt to go ahead with Russia deal despite probeAdianto P. Simamora, The Jakarta Post, Jakarta Minister of Industry and Trade Rini MS Soewandi said on Thursday that the government would go ahead with its countertrade deal with Russia even though the House of Representatives was still conducting a...

[b]Indonesia's education

Indonesia's education system faces disaster Yanuar Nugroho Lecturer, Sahid University at Surakarta Director, The Business Watch Indonesia Researcher, Uni Sosial Demokrat, Jakarta yanuar-n@unisosdem.org 2.

1. PRESS: 2 x 22

1. PRESS: 2 x 22 GAM confirms guerrillas holding 'RCTI' crew hostage 2. CHILD: 1 x 40 Child Commission to visit Aceh victims 3. GAM: Surrendered GAM rebels express fears over their safety

Bank Mandiri shares offering helps support local currency

Bank Mandiri shares offering helps support local currencyDadan Wijaksana, The Jakarta Post, Jakarta The rupiah hit 8,200 early on Thursday on capital inflows linked to Bank Mandiri's initial public offering (IPO), although dollar buying from importers and firms paying maturing foreign debts...

NTB picks three gubernatorial candidates

NTB picks three gubernatorial candidates MATARAM, West Nusa Tenggara: The West Nusa Tenggara (NTB) provincial legislative council has selected three candidates to contest the gubernatorial election on July 21.

1. Sukhoi -- 5 cols, 1 line, 60pts MB, 28 counts

1. Sukhoi -- 5 cols, 1 line, 60pts MB, 28 counts 'TNI chief knew of Sukhoi deal'2. Nazar -- 5 cols, 1 line, 45pts MB, 35 countsU.S. regrets verdict on Aceh activist3. BLBI -- 2 cols, 3 lines, 36pts MB, 71 counts House approves BLBI settlement at taxpayers' expense

`Asian travel industry to fully recover this year'

`Asian travel industry to fully recover this year'Agence France-Presse, Singapore Asia's SARS-battered travel industry should fully recover this year as the virus is contained and cheap plane ticket prices lure back travelers, a key industry player said Thursday.

Caption for Spotlight column. Client: Hotel Borobudur Jakarta

Caption for Spotlight column. Client: Hotel Borobudur Jakarta =================================================================CELEBRATION OF CANADA DAY: Hotel Borobudur Jakarta was honored to host the celebration of Canada Day on July 1, 2003, in the Flores Ballroom, with over 900 guests invited.

Tohoku to cut LNG imports from RI

Tohoku to cut LNG imports from RIDow Jones, Tokyo Japan's Tohoku Electric Power Co. plans to reduce its liquefied natural gas imports 31.4 percent by 2005, as it is scrapping several of its outmoded thermal power plants.Tohoku Electric expects to cut its LNG imports to 2.

Five Philippine vessels seized

Five Philippine vessels seized JAKARTA: Five Philippine vessels have been seized and some 30 crew members arrested by officers of the Eastern Indonesia Naval Fleet Command off North Sulawesi for illegal fishing, the Indonesian Navy said in a statement on Thursday.

Eastern Indonesians to get bank loans

Eastern Indonesians to get bank loansEvi Mariani, The Jakarta Post, Jakarta The country's banks have eased their loan rules to allow entrepreneurs in the eastern part of Indonesia to obtain loans with less restrictions, according to Sate Minister for the Acceleration of Development of Eastern...

Child Commission to visit Aceh victims

Child Commission to visit Aceh victimsSari P. Setiogi, The Jakarta Post, Jakarta As part of the campaign to protect children in conflict areas, the National Commission for Child Protection (Komnas Anak) will celebrate the National Children's Day, which falls on July 23, in Aceh.

Overnight leaders extend gains at golf tournament

Overnight leaders extend gains at golf tournamentRobert Soelistyo, The Jakarta Post, Jakarta Despite shooting disappointing par 72s in Thursday's third round of the 9th Damai Indah-Panin Bank Asean Junior Golf Championships, the two overnight leaders in the A Division lengthened their lead atop the...

`Malaysian' tricksters arrested for fraud

`Malaysian' tricksters arrested for fraudDamar Harsanto, The Jakarta Post, Jakarta Police said on Thursday they had arrested three tricksters pretending to be Malaysians who tricked their victims here into exchanging their money and other belongings with the suspects' outdated Brazilian pesos.

Indonesia to host fifth ASEM-FFM meeting in Bali

Indonesia to host fifth ASEM-FFM meeting in BaliDadan Wijaksana, The Jakarta Post, Jakarta Poverty alleviation will be high on the agenda of the fifth Asia-Europe Finance Ministers Meeting (ASEM-FMM) in Bali from Saturday through Sunday.

Universities' new

Universities' new status in spotlightFrom RepublikaThe status change of several state tertiary institutions into legal entities (BHMN) entails the condition that they should become more independent in providing education and enhancing its quality.

* Headlines: RI negligence over its maritime boundaries 2

* Headlines: RI negligence over its maritime boundaries 2 * National: Tommy seeks review of murder conviction 4 * Archipelago: Japanese govt sued over power project 5 * Opinion: Human rights body must win back public trust7 * City: Public toilets turn scary 8 * Sports: Vancouver celebrates Olympics...

Council to summon big-time polluters

Council to summon big-time pollutersThe Jakarta Post, Bekasi Concerned about water pollution in Bekasi, the municipal council said on Thursday it would summon the directors of companies, who allegedly broke their promise to install industrial waste processing facilities at their plants.

`We can't rely on police in dealing with cases'

`We can't rely on police in dealing with cases' Blackmail, extortion and bribery. Sometimes it's hard to tell the difference between the police and the criminals. And as long as the police continue to hold out their hands, touching citizens for "cigarette money", they will suffer image problems.

Simmering city angst boils over

Simmering city angst boils over JAKARTA: A group of teenagers on their way home from the Bung Karno Sports Complex in Central Jakarta got into a shouting match that ended in a beating by two bamboo-wielding homeless men who were teasing them as they passed by Gate 7 of the complex on Wednesday...

Durian condom penetrating market

Durian condom penetrating marketZakki Hakim, The Jakarta Post, Jakarta "Wouldn't it hurt?" asked a man, who had the notion that it was a durian-textured condom launched on Thursday and not a condom that has the scent of the spiky fruit.

Indonesia negligent over its maritime boundaries

Indonesia negligent over its maritime boundaries After 25 years of negotiations, Indonesia and Vietnam signed an agreement on their maritime boundary during President Megawati Soekarnoputri's visit to Hanoi last month.

Surrendered GAM rebels express fears over their safety

Surrendered GAM rebels express fears over their safetyNani Farida, The Jakarta Post, Banda Aceh, Aceh Ninety-nine people fill the Military Police detention camp for former members of the Free Aceh Movement (GAM) separatist group. All have surrendered but not everyone is a GAM member.

[b]Biodiversity,

Biodiversity, key to sustaining life on earth Satyawan Wardhana Head, Biosafety Division State Ministry of Environment Jakarta 2. Achmad -- Human rights body must win back public trust 2 x 21Human rights body must win back public trust Achmad Ali Professor of Law Hasanuddin University Makassar,...

4 x 11

4 x 11 'Malaysian' tricksters arrested for fraud JP/8/TOILET1 x 23 Public toilets turn scary JP/8/duren1 x 29 Durian condom penetrating market JP/8/LIMBAH1 x 33 Council to summon big-time polluters JP/8/speakup1 x 45 'We can't rely on police in dealing with cases'

Christine Hakim shines with hard work

Christine Hakim shines with hard workTantri Yuliandini, The Jakarta Post, Jakarta "Because she is not a star, she is a true artist. A star shines only when there is a source of light, perhaps because of beauty, courage.

Witnesses say Ba'asyir as leader of Jamaah Islamiyah

Witnesses say Ba'asyir as leader of Jamaah IslamiyahMuninggar Sri Saraswati, The Jakarta Post, Jakarta A terror suspect dealt another blow to cleric Abu Bakar Ba'asyir on Thursday when he testified that the elderly man was the leader of regional terrorist network Jamaah Islamiyah (JI).

Where to go in Jakarta:Friday, July 4, 2003

Where to go in Jakarta:Friday, July 4, 2003Exhibitions* Fine Arts Tubuh 4, Lontar Gallery, Jl. Utan Kayu 68H, East Jakarta (Tel. 8573388), 10 a.m. to 5 p.m., until July 25. * Fashion Jewellery and Accessories Drops Of Sunshine From Paris, at Fusions, Saberro House Jln Kemang Raya 10A (Tel.

`ASEAN's moves on Suu Kyi's detention will depend on RI'

`ASEAN's moves on Suu Kyi's detention will depend on RI'Agencies, Langkawi, Malaysia/Yangon The Association of Southeast Asian Nations (ASEAN) is waiting for incoming head Indonesia to propose further action to pressure Myanmar to release detained prodemocracy leader Aung San Suu Kyi, the...

Americans in Kuwait, RI reminded of threats ahead of July 4:

Americans in Kuwait, RI reminded of threats ahead of July 4: Americans in Kuwait and Indonesia have been reminded of continuing terrorist threats as they prepare to celebrate the U.S. Independence Day holiday this week, the State Department said on Thursday. Meanwhile, the U.S.

Back to the future?

Back to the future? The government's denial that it did not intend to reinstate loyalty screening tests for all civil servants must, no doubt, have elicited a deep sigh of relief from millions of Indonesians.

Indonesia negligence over its maritime boundaries

Indonesia negligence over its maritime boundariesAfter 25 years of negotiations, Indonesia and Vietnam signed an agreement on their maritime boundary during President Megawati Soekarnoputri's visit to Hanoi last month.

One-day digital event in Yogya

One-day digital event in Yogya YOGYAKARTA: In connection with the Yogyakarta Art Festival being held on July 5, Gramedia Yogyakarta will stage a one-day digital event packed with entertainment, education and high-tech fun.

Military warns of dangers in Maluku

Military warns of dangers in MalukuAzis Tunny, The Jakarta Post, Ambon, Maluku With the military campaign to quell the separatist movement in Nanggroe Aceh Darussalam showing no indications of coming to a speedy end, one of the country's other trouble spots -- Maluku -- is facing a potential...

Indonesia's education system faces disaster

Indonesia's education system faces disasterYanuar Nugroho, Lecturer, Sahid University, Surakarta, Central Java, yanuar-n@unisosdem.org For those genuinely concerned about what is going on in the education system in this country, the present might be the right time to reflect on and rethink what we...

Enjoying fresh vegetables the healthy way

Enjoying fresh vegetables the healthy wayWahyuni Kamah, Contributor, Bogor, West Java Is it possible now to eat vegetables that are planted without using chemicals -- pesticide to kill the pest and fertilizer to enhance growth?On the way to Puncak, in Tugu village, Cisarua, about one-hour drive...

Biodiversity, key to sustaining life on earth

Biodiversity, key to sustaining life on earthSatyawan Wardhana, Head, Biosafety Division, State Ministry of Environment, Jakarta Biodiversity is often taken to mean a wide variety of plants, animals and microorganisms. It also embraces genetic differences within each species.

Malaysia bans "raunchy" Indonesian musician

Malaysia bans "raunchy" Indonesian musicianAgence France-Presse, Kuala Lumpur Malaysia has banned a music program featuring controversial Indonesian singer Inul Daratista because it was "too raunchy," a report said on Thursday.

U.S. regrets verdict on Aceh activist

U.S. regrets verdict on Aceh activistFabiola Desy Unidjaja, The Jakarta Post, Jakarta Local activists and the United States have denounced an Aceh court sentence against an activist campaigning for a referendum in the war-torn province, underlining that the verdict is a threat to democracy and...

BPPT to set up business center

BPPT to set up business center JAKARTA: The Agency for the Assessment and Application of Technology (BPPT) signed on Wednesday a memorandum of understanding with venture capitalist PT Bahana Artha Ventura and the Bandung Institute of Technology (ITB) to establish a business technology center.

Orangutan proves you can go home

Orangutan proves you can go home MAKASSAR, South Sulawesi: The Natural Resources Conservation Center (BKSDA) in South Sulawesi transported on Thursday a 10- year-old male orangutan to East Kalimantan, where it will be released into the wild.

Tasteless caricature

Tasteless caricature The caricature printed in The Jakarta Post on June 24, depicting an angel preventing a soldier from committing human rights abuses in Aceh, does not reflect high intellectual taste.

To President Megawati

To President Megawati The National Union of Journalists in the Philippines (NUJP) is deeply concerned over government efforts to restrict journalists' coverage of the continuing conflict in Aceh and the rising cases of repression on the island.According to our information, Presidential Decree No.

Air Paradise to increase flights

Air Paradise to increase flights SANUR, Bali: Private airline Air Paradise International (API) is planning to increase its flights between Denpasar and a number of Australian cities, API's president has said.

Despite rights abuse charges, UN invites TNI to Congo

Despite rights abuse charges, UN invites TNI to CongoTiarma Siboro, The Jakarta Post, Jakarta After much criticism for alleged rights abuse in East Timor, the Indonesian Military (TNI) has apparently regained the trust of the international community and will participate in maintaining world peace...