Indonesian Political, Business & Finance News

Archive: 28 December 2004

88 articles found

Singapore, neighbors ink pact

Singapore, neighbors ink pactSingapore, Thailand and Brunei on Monday signed an air services agreement that will allow airlines from the three Southeast Asian countries to operate unlimited number of services on any routes between the three neighbours.

Residents want 'casino' closed

Residents want 'casino' closed JAKARTA: Residents of Gunung Sahari Utara subdistrict, Sawah Besar, Central Jakarta, demanded on Monday that the police close down a slot machine center on Jl. Rajawali Selatan.

Special Yearender Section

Special Yearender SectionThe Jakarta Post continues today to present a yearender section from pages 13-20. Today's year-end edition presents a picture of the economy as well as of world events in 2004, including selected images.

suggestions please

suggestions please1. POLICE -- 36pt Violence becoming lingua franca of Greater Jakarta 2. BIRDS -- 28pt Bogor Botanical Gardens overrun by herons 3. BUDGET -- 48pt City will boost revenue, cut spending to cover deficit 4. CIPASERA -- 28pt Study supports idea of new municipality 5.

Natural rubber must target China market: Analyst

Natural rubber must target China market: AnalystZakki P. Hakim The Jakarta Post/Jakarta Indonesia should expand its exports more to East Asia where demand for natural rubber is growing far faster than the country's traditional market of North America and Europe, analyst and industry players say.

Year-end special edition

Year-end special editionThe year 2004 has been a mixture of economic activity. While macroeconomic stability continues to improve and the Jakarta Stock Exchange's index leaps to historic highs, some sectors of the economy, such as the mining and textile industries, are struggling to survive or are...

Puteh goes on trial as tsunami devastates Aceh

Puteh goes on trial as tsunami devastates AcehMuninggar Sri Saraswati, The Jakarta Post/Jakarta As thousands of Acehnese were killed in the most devastating natural disaster in the country's history, Aceh Governor Abdullah Puteh went on trial on Monday on corruption charges in Jakarta.

Modest growth continues amid signs of investment recovery

Modest growth continues amid signs of investment recoveryThe Jakarta Post, Jakarta Many people in the automotive industry are really happy these days with the handsome bonuses they have received after achieving or even surpassing sales targets and other performance indicators, thanks to cheaper...

JP/5/LONGSOR

JP/5/LONGSORRiau-Sumatra highway cut by landslidePuji Santoso, The Jakarta Post/Pekanbaru The main highway between the provinces of Riau and West Sumatra was cut on Friday by a landslide triggered by torrential rains in Kampar regency over the past week.

Injury-humbled Angie expects

Injury-humbled Angie expects to bounce back in 2005 Eva C. Komandjaja The Jakarta Post/Jakarta Top women's tennis player Angelique 'Angie' Widjaja's blamed recurrent injuries for her dismal run this year but said successful knee surgery had boosted her hopes for a comeback in 2005.

Air carriers hit 23m passengers this year

Air carriers hit 23m passengers this yearLeony Aurora, The Jakarta Post/Jakarta The domestic terminal at the Soekarno-Hatta International Airport, west of Jakarta, has never been more lively. It has also never seen such a mixed bag of passengers -- amid the office attire that the terminal was more...

Study supports idea of new municipality

Study supports idea of new municipalityMulta Fidrus, The Jakarta Post/Tangerang A recent study revealed the feasibility of merging six districts in Tangerang to form a new municipality, with the only thing lacking in the area being a five-star hotel.

Democracy takes root in world's largest Muslim country

Democracy takes root in world's largest Muslim countryM. Taufiqurrahman, The Jakarta Post/Jakarta In a period of less than eight months, Indonesia held this year an unprecedented three direct elections -- proving the skeptics wrong in their peaceful process and conclusion -- and heralding a new era...

Team set to probe Munir's death

Team set to probe Munir's deathEva C. Komandjaja, The Jakarta Post/Jakarta The government-sanctioned fact-finding team formed to assist the police investigation into the death of rights activist Munir is ready to begin work, a police officer said on Monday.Chief of the 13-strong team, Brig, Gen.

Miners have yet to see sunshine at the end of tunnel

Miners have yet to see sunshine at the end of tunnelJohannes Simbolon, The Jakarta Post/Jakarta The nation's mining industry, which has been mired in problems during the past six years, has yet to see the light at the end of tunnel, experts say.

2004: a year of mediocrity for local films

2004: a year of mediocrity for local filmsJoko Anwar, Contributor/Jakarta After a slow start and mediocre releases, 2004 proved to be an eventful year for Indonesian films. An ulema successfully managed to get a film banned; a teen flick almost as long as Doctor Zhivago was released; and a big film...

Bogor Botanical Gardens overrun by herons

Bogor Botanical Gardens overrun by heronsTheresia Sufa, The Jakarta Post/Bogor Staff at the Bogor Botanical Gardens are trying to reduce the number of herons (Nycticorax) in the gardens as the burgeoning population is threatening the existence of the vast collection of plants and disturbing...

JP/3/scene

JP/3/scene Seminar to discuss antigraft education YOGYAKARTA: An interfaith coalition of religious-based universities said it will hold a seminar here on Tuesday to discuss war on corruption through educational courses.

Bomb attacks could be done by anybody, aim at anyone, anywhere

Bomb attacks could be done by anybody, aim at anyone, anywhereAbdul Khalik, The Jakarta Post, Jakarta Following the Sept. 9 bombing outside the Australian Embassy in Kuningan, South Jakarta, John Douglas, 40, who worked for a U.S.

Major economic and political events in 2004

Major economic and political events in 2004March 4: The government launches a US$1 billion international bond, more than double the initial plan of $400 million, to meet overwhelming demand from global investors. The sovereign bond is oversubscribed four times.

Today's cars are smarter, but drivers must still use their heads

Today's cars are smarter, but drivers must still use their headsZatni Arbi, Contributor/Jakarta We were traveling in the center lane of the Jakarta-Merak toll road. Suddenly, the white BMW 3-Series in front of us veered sharply to the left and slammed into the metal guard rail.

Car sales reach record high, but still no industry

Car sales reach record high, but still no industryZakki P. Hakim, The Jakarta Post/Jakarta The year 2004 was an important one for Indonesia's "car industry", with sales expected to reach a record high of over 450,000 units, marking the sector's full recovery from the devastating impact of the late...

Bodies piled on Asian coasts as death toll surpasses 23,000

Bodies piled on Asian coasts as death toll surpasses 23,000Chamintha Thilakarathna, Reuters/ColomboRescuers scoured the sea for missing tourists in Asia on Monday and fears of disease grew as emergency services struggled with rotting bodies from a devastating tsunami that killed more than 23,000...

Why an integrated Asia is a cock-and-bull story

Why an integrated Asia is a cock-and-bull storyIvy Susanti, The Jakarta Post/Jakarta The signing by China and the Association of Southeast Asian Nations (ASEAN) of a free trade pact last month has been widely viewed as the countries' effort to challenge the United States' influence in Asia over the...

Rupiah rates Dec. 27

Rupiah rates Dec. 27 Banknote rates Selling Buying Australian dollar 1 7,544.04 6,765.44 Brunei dollar 1 5,963.25 5,351.50 Canadian dollar 1 7,963.59 7,149.24 Swiss franc 1 8,567.93 7,691.64 Danish krone 1 1,780.46 1,598.58 Euro 1 13,251.56 11,894.08 Poundsterling 1 18,832.66 16,908.

Papua government gears up for people's council election

Papua government gears up for people's council electionNethy Dharma Somba, The Jakarta Post/Jayapura Following the issuance of a presidential decree on the Papua People's Council (MRP), the Papua provincial government is now preparing the establishment of a team that will discuss MRP election.

Violence becoming lingua franca of Greater Jakarta

Violence becoming lingua franca of Greater JakartaEvi Mariani, The Jakarta Post/Jakarta Suta Wijaya ended up in the hospital simply because he wanted a quiet night's rest.Approaching a car parked in front of his house in Pulogadung, East Jakarta, Suta asked the driver to turn down the music that...

JP/5/PILKADA

JP/5/PILKADACandidates gear up for June electionsOyos Saroso H.N., The Jakarta Post/Bandarlampung Candidates vying for top posts in the direct elections for heads of regional governments in Lampung province are confused over which political party to register with, as each party has its own...

Govt told to give access to foreign aid agencies

Govt told to give access to foreign aid agenciesThe Jakarta Post, Jakarta Although the president declared a national disaster after the country was devastated on Sunday by the most cataclysmic disaster since the 1883 Krakatau eruption, international aid agencies were still not being allowed to...

RI told to target China rubber market

RI told to target China rubber marketZakki P. Hakim, The Jakarta Post/Jakarta Indonesia should expand its exports more to East Asia where demand for natural rubber is growing far faster than the country's traditional market of North America and Europe, analyst and industry players say.

Textile sector to struggle after quota termination

Textile sector to struggle after quota terminationZakki P. Hakim, The Jakarta Post/Jakarta The popular issue blanketing the textile and clothing industry, both at home and overseas, throughout the year 2004 was the termination of the global textile quota system.

JP/5/FOCUS

JP/5/FOCUSInmate suspected of running drug ringBANDUNG, West Java: Following the arrest of six suspected drug dealers over the weekend, the Bandung Police announced they suspected an inmate was controlling the city's drug trade from inside prison.

2. 2 x 24

2. 2 x 24 Asian stock markets down on deadly tidal waves 3. 1 x 46 Tsunami's economic cost lesser than human toll 4. 1 x 52 RI may delay LNG exports to Korea, Japan on tsunamis

Acehnese scramble in search of loved ones

Acehnese scramble in search of loved onesAgencies/Jakarta/Padang"I'm tired. I'm looking for my father. Please help me," wailed Maimori, 22, a Banda Aceh resident, quoted as saying by Reuters on Monday. Maimori said she had spoken to her father, a fish seller, early on Sunday morning before he left...

The Tiger Cup has yet to wrap up, but the Indonesian soccer

The Tiger Cup has yet to wrap up, but the Indonesian soccer team's high flying run in the group stage in early December has redeemed an otherwise mediocre 2004 campaign, which also saw a leadership crisis at the Soccer Association of Indonesia (PSSI).

JP/5/KAKAK

JP/5/KAKAKWhite cockatoo population dwindlingIndra Harsaputra, The Jakarta Post/Surabaya The population of White Cockatoo (Cacatua alba) in North Maluku is dwindling due to uncontrolled poaching. More than 500 of them are traded in Jakarta and other places annually, say an environmental group.

Performance of some of top banks

Performance of some of top banks--------------------------------------------------- Profit NIM --------------------------------------------------- 2004* 2003** 2004* 2003** --------------------------------------------------- BRI Rp 4.3t Rp 2.7t 11.7% 9.2% Danamon Rp 2.3t Rp 1.0t 6.9% 5.3% BII Rp 0.

Locals, govt jointly work saving the river

Locals, govt jointly work saving the river Residents, non-governmental organizations and local government joined forces this month to rehabilitate part of the Ciliwung River floodplain area. The work, carried out under the umbrella of the National Program of Regreening and Nature Conservation 2004,...

JP/13/HELLY

JP/13/HELLY Performing arts 2004: A flashbackHelly Minarti, Contributor/Jakarta Judging from the frequency, scale and variety of events held throughout the year, 2004 seemed to be fruitful for Indonesian performing arts.

JP/14/YEAREND

JP/14/YEARENDNo place to go but up for RI music in 2005Hera Diani,The Jakarta Post/Jakarta Little, if anything, very exciting emerged on the local popular music scene in 2004.It was so lame and dull that perhaps the "highlight" of the whole year was when then presidential candidate Susilo Bambang...

1. Roundup (50) - 60 pts 6 cols 1line (1x

1. Roundup (50) - 60 pts 6 cols 1line (1xMajor relief operations begin 2. Airline (40) - 28 pts 1 col 3 lines (3x10)Air travelers predicted to hit 23m mark3. Wrapup (35) -- 36 pts 3 cols 2lines (2x20)Bodies pile up on Asian coasts as death toll passes 23,000 4.

1. DISASTER: 4 X 12

1. DISASTER: 4 X 12 Govt told to give access to foreign aid agencies for Aceh 2. AID: 1 X 28 Donations pour in for Aceh 3. TOURIST: 1 X 40 Europe counts human cost of Asian disaster 4. GAM: 4 X 9 TNI, GAM to temporarily bury the hatchet 5.

Golkar Party to replace leader of House faction

Golkar Party to replace leader of House factionKurniawan Hari, The Jakarta Post/Jakarta The Golkar Party will replace the chairman of its faction in the House following the election of Vice President Jusuf Kalla to the party's top post earlier this month.

Study says new municipality feasible

Study says new municipality feasibleMulta Fidrus The Jakarta Post/TangerangA recent study revealed the feasibility of merging six districts in Tangerang to form a new municipality, with the only thing lacking in the area being a five-star hotel.

Taufik soothes Indonesia's

Taufik soothes Indonesia's woeful year in badmintonEva C. Komandjaja The Jakarta Post/Jakarta Taufik Hidayat's rise to the Olympic championship not only testified to his mettle as one of the world's best shuttlers but also provided a bit of appeasement for the demanding Indonesian badminton...

b]* Governor Puteh on trial for graft Page 2

b]* Governor Puteh on trial for graft Page 2 * Team set to probe Munir's death Page 3 * Violence becoming lingua franca of Jakarta Page 4 * Withe hopes players keep winning form in Tiger Cup Page 5 * The sum of our fears does not add up Page 7 * Ciliwung re-greening efforts continue Page 8 * RI...

BI steps up measures to prevent scams

BI steps up measures to prevent scams The Jakarta Post JakartaBank Indonesia will issue new rulings early next year to prevent fraudulent banking practices by pushing banks to be more prudent.Central bank governor Burhanuddin Abdullah said on Monday the exact substance of the regulations was still...

TV Program: Tuesday, December 28, 2004

TV Program: Tuesday, December 28, 2004TVRI .TB.30" .90" 5:00 a.m. Religious Teachings6:00 News: Berita Pagi7:00 Cartoon: Maya the Bee8:30 Music: Asik-asik10:00 Talk Show: Agribiz11:00 Singing Contest: Konteswara 12:00 p.m.

RI may delay LNG exports to Korea, Japan on tsunamis

RI may delay LNG exports to Korea, Japan on tsunamisDow Jones, Jakarta PT Pertamina, Indonesia's state-owned oil and gas company, said on Monday it may delay shipments of liquefied natural gas to Japan and South Korea if the loading process is hit by tidal waves again over the next two days.

PON remains grim feature of national sports development

PON remains grim feature of national sports developmentMoch. N. Kurniawan The Jakarta Post/Jakarta Jakarta regained the overall championship by winning the most medals at this year's 16th National Games (PON) in Palembang, South Sumatra.

Efforts under way to green Ciliwung

Efforts under way to green CiliwungBambang Parlupi, Contributor/Jakarta Small forests are still to be found in the outlying parts of Jakarta despite the rapid development the city is witnessing. These areas are located along the Ciliwung, the largest river in Jakarta, which flows through numerous...

Terrorism bolsters Australia's ties with Indonesia

Terrorism bolsters Australia's ties with IndonesiaAdianto P. Simamora, The Jakarta Post/Jakarta Indonesia and Australia, long known for their love-hate relationship, are now again seeing a period of unity -- at least for the time being -- by a common concern: terrorism.

Cenral Bank to boost measures to prevent scams

Cenral Bank to boost measures to prevent scamsThe Jakarta Post , Jakarta Bank Indonesia will issue new rulings early next year to prevent fraudulent banking practices by pushing banks to be more prudent.

Reza-Adjie divorce needs SBY's attention

Reza-Adjie divorce needs SBY's attention I just read an article in The Jakarta Post on Dec. 18, titled President asks artists to cover up. If President Susilo Bambang Yudhoyono has the time to respond to this kind of matter, I also hope the President has the time to attend to the divorce...

Jakarta stocks end higher despite natural disaster

Jakarta stocks end higher despite natural disasterDow Jones, Jakarta Indonesian shares ended higher Monday as fund managers continued to buy telecommunications and bank blue chips to improve their books before year-end, dealers said.

Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 27, 2004

Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 27, 2004 Shares Close Change VolumeAbdi Bangsa Tbk 225 0 0 Ades Alfindo Tbk 2,350 25 3,000 Adhi Karya 625 0 1,161,500 Adira Dinamika 2,775 100 946,000 AGIS Tbk 100 -5 208,000 Akbar Indo Makmur 140 -15 1,500 AKR Corporindo Tbk 1,125 0...

RI regains its lost clout in 2004 on the int'l scene

RI regains its lost clout in 2004 on the int'l sceneVeeramalla Anjaiah, The Jakarta Post/Jakarta After a turbulent six-year journey from an authoritarian regime to a full-fledged democracy, Indonesia -- which is home to the largest Muslim population in the world -- fully regained in 2004 its clout...

Norway offers help to RI victims

Norway offers help to RI victimsINDONESIA: Norway sent its heartfelt condolences to Indonesia and its President Susilo Bambang Yudhoyono and to the victims of Sunday's terrible disaster, which killed several thousand people in Aceh and North Sumatra provinces in Indonesia, the Norwegian Embassy...

Terrorism bolsters Australia's ties with RI

Terrorism bolsters Australia's ties with RIAdianto P. Simamora, The Jakarta Post/Jakarta Indonesia and Australia, long known for their love-hate relationship, are now again seeing a period of unity -- at least for the time being -- by a common concern: terrorism.

City will boost revenue, cut spending to cover deficit

City will boost revenue, cut spending to cover deficitBambang Nurbianto, The Jakarta Post/Jakarta In an effort to cover its Rp 1.2 trillion (US$129 million) deficit in next year's Rp 13.83 trillion budget, the city administration aims to cut costs and boost its revenue.

Corruption and democracy

Corruption and democracyFrom Koran Tempo President Susilo Bambang Yudhoyono declared Dec. 9 Anticorruption Day for the purpose of waging a war against corruption. On several occasions he even said he would direct the corruption eradication movement himself.

Jakarta unable to cope with large fires

Jakarta unable to cope with large firesUrip Hudiono The Jakarta Post/JakartaIt was only recently that Marsudi, 33, and his family were able to find a new place to live -- in a crowded neighborhood in Kebon Kacang, Central Jakarta.

United in crisis

United in crisis Nothing could have prepared this nation -- not the government and certainly not the people -- to face Sunday's calamity. Measuring 9.0 on the Richter scale, the earthquake off the northwestern coast of Sumatra was the most powerful tremor recorded around the globe in over 40 years.

TMII to spend Rp 1b for New Year's bash

TMII to spend Rp 1b for New Year's bash JAKARTA: The management of Taman Mini Indonesia Indah (TMII) has allocated Rp 1 billion (US$108,695) for its New Year's Eve celebration, which is to include fireworks shows and concerts.

Didik Supriyanto

Didik Supriyanto Jakarta2. Lingle -- Indonesia should embrace "Contract culture" 2 x 30 RI and globalization debate: Embracing 'contract culture' Christopher Lingle Ubud, Bali

TNI, GAM to temporarily bury the hatchet

TNI, GAM to temporarily bury the hatchetTiarma Siboro, The Jakarta Post/Jakarta The Indonesian military (TNI) and Aceh separatists have agreed separately to a temporary halt in hostilities after Sunday's earthquake and tsunami disaster. Chief of the Indonesian military (TNI) Gen.

Seminar to discuss antigraft education

Seminar to discuss antigraft education YOGYAKARTA: An interfaith coalition of religious-based universities said it will hold a seminar here on Tuesday to discuss war on corruption through educational courses.

Ex-councillors off the hook

Ex-councillors off the hook CIREBON, West Java: A district court acquitted here on Monday 10 former chiefs and members of the Cirebon legislative council of graft charges of embezzling almost Rp 1 billion (US$111,111) of the city's 2001 budget.

Ciputat to build integrated bus terminal

Ciputat to build integrated bus terminal JAKARTA: Tangerang regency administration will build an integrated bus terminal in Ciputat next year to handle the current crowded and traffic-congested area. The terminal is expected to serve intra-city buses and inter-city buses.

Palm oil futures rise after quake

Palm oil futures rise after quakeJAKARTA: Palm oil futures in Malaysia rose on speculation supply from Indonesia may fall after the world's most powerful earthquake in 40 years hit the island of Sumatra.

b]* Governor Puteh on trial for graft Page 2

b]* Governor Puteh on trial for graft Page 2 * Papua government gears up for MRP election Page 3 * Violence becoming lingua franca of Jakarta Page 4 * Withe hopes players keep winning form in Tiger Cup Page 5 * The sum of our fears does not add up Page 7 * Ciliwung re-greening efforts continue Page...

RI and globalization debate: Embracing "contract culture"

RI and globalization debate: Embracing "contract culture"Christopher Lingle, Ubud, Bali As elsewhere, Indonesians engage in debate over the nature and impact of globalization. However, there is a consensus that this process is seemingly irresistible.

JP/ /Auto

JP/ /AutoCar sales reach record high, but still no industry after 30 yearsZakki P. Hakim The Jakarta Post/JakartaThe year 2004 was an important one for Indonesia's "car industry", with sales expected to reach a record high of over 450,000 units, marking the sector's full recovery from the...

Government warns 42 firms

Government warns 42 firmsTiarma Siboro, The Jakarta Post/Jakarta The government on Monday warned 42 companies, some of them state- owned, to radically improve their protection of the environment within six months, otherwise they would face severe punishment, including a freeze on their operations.

32 named suspects in illegal logging

32 named suspects in illegal logging PEKANBARU, Riau: Police said on Monday they have named 32 suspects in illegal logging cases, including six Riau forestry officials.They also seized eight trucks, six motor boats, 30,070 cubic meters of wood, 11 tons of logs and fake documents, Riau Police chief...

Massive aid operation starts

Massive aid operation startsThe Jakarta Post, Banda Aceh/Jakarta The country began on Monday a massive humanitarian operation in the regions hardest hit by a devastating tsunami that swept through Aceh and some parts of North Sumatra as the death toll rose to 5,000, with the figure expected to...

Tsunami's economic cost lesser than human toll

Tsunami's economic cost lesser than human tollReuters, Singapore Fishing villages have been wiped out and money-spinning tourist resorts wrecked, but the economic cost of the giant seismic waves that swamped coasts across south Asia will be much smaller than the human toll.

Textile industry struggles ahead of quota termination

Textile industry struggles ahead of quota terminationZakki P. Hakim The Jakarta Post/JakartaThe popular issue blanketing the textile and clothing industry, both at home and overseas, throughout the year 2004 was the termination of the global textile quota system.

Elements needed to start a business

Elements needed to start a business------------------------------------------------------------- RI Malaysia Thailand Vietnam India ------------------------------------------------------------- Number of procedures 12 9 8 11 11 Time (days) 150 30 33 56 89 Cost (% per kapita) 130 25 6 28 49...

Anticipating conflicts during direct regional elections

Anticipating conflicts during direct regional electionsDidik Supriyanto, Jakarta Entering 2005, the nation will again be facing a new political phase with the direct elections of regional heads (pilkada) as a follow-up to the coming into force of Law No.

'Cost of living goes up every year'

'Cost of living goes up every year' The government plans to increase general gasoline and kerosene prices in the first quarter of next year, after upping the prices of liquefied petroleum gas and high octane fuels last week.

UN warns of possible epidemics in quake-hit Asia

UN warns of possible epidemics in quake-hit AsiaRobert Evans, Reuters/GenevaThe United Nations warned on Monday of epidemics within days unless health systems in Southern Asia can cope after more than 15,500 people were killed and hundreds of thousands left homeless by a giant tsunami.

Quake puts Sri Lankan cricket tour on hold

Quake puts Sri Lankan cricket tour on holdAgence France-Presse, Auckland Sri Lanka's cricket tour of New Zealand was put in doubt Monday after the devastating tidal waves which killed nearly 6,000 people in their home country.

RI regains its lost clout in 2004 on the int'l scene

RI regains its lost clout in 2004 on the int'l sceneVeeramalla Anjaiah, The Jakarta Post/Jakarta After a turbulent six-year journey from an authoritarian regime to a full-fledged democracy, Indonesia -- which is home to the largest Muslim population in the world -- fully regained in 2004 its clout...

After the tragedy sum of our fears doesn't add up

After the tragedy sum of our fears doesn't add upMichael Vatikiotis, Hong Kong The tragic aftermath of Sunday's massive earthquake in the Indian Ocean is a reminder that the biggest threat to human security is not ourselves, but the environment we live in and for the most part take for granted.

Withe hopes players keep winning run in Tiger Cup

Withe hopes players keep winning run in Tiger CupMoch. N. Kurniawan, The Jakarta Post, Jakarta Indonesia is set to host Malaysia in the semifinals of the Tiger Cup at the Bung Karno Stadium here on Wednesday with coach Peter Withe expecting his players to continue their dazzling form from the group...

Banks enjoy strong profit, but intermediary role still weak

Banks enjoy strong profit, but intermediary role still weakDadan Wijaksana, The Jakarta Post/Jakarta Business-wise, the banking industry is in for probably the best year of showing since the crisis. With most large banks posting a sharp increase in profits this year (as the table shows), one would...

Alternative energy for electricity

Alternative energy for electricityFrom Bisnis IndonesiaThe high world oil price will certainly raise the cost of power production by state electricity company (PLN), whose cost components are 25 percent composed of fuel oil.