Indonesian Political, Business & Finance News

Archive: 21 April 2004

65 articles found

Council probed over alleged markup

Council probed over alleged markup Fadli, The Jakarta Post, Batam, Riau The Batam Prosecutor's Office is investigating an alleged markup on 45 Pentium IV desktop computers allocated to the Batam Legislative Council (DPRD II) last year, a senior prosecutor said on Tuesday.

Priest held over defamation case in Kupang

Priest held over defamation case in Kupang KUPANG, East Nusa Tenggara: Priest and legislative candidate Matheos Lenggu has been arrested by police on charges he defamed a fellow member of his political party. Matheos was picked up by South Jakarta Police officers First. Insp. Syamsuddin and Brig. Herry W. at his house in the morning and the three flew to Jakarta in the afternoon.

TV Program: Wednesday, April 21, 2004

TV Program: Wednesday, April 21, 2004 .TB.30" 1.00" TVRI .TB.30" .90" 6:00 a.m. News: Berita Pagi 7:00 Children Show 7:30 Music 8:30 Music: Asyik-Asyik 10:00 Entertainment News: Show Biz 11:00 Singing Contest: Konteswara 12:00 p.m.

S and P says Thai companies still lack transparency in post-crisis era

S and P says Thai companies still lack transparency in post-crisis era Agence France-Presse Bangkok The majority of Thailand's bluechip corporations still lag far behind global standards of transparency, despite efforts for reform after the 1997-1998 economic crisis, Standard and Poor's said on Tuesday.

MIER upgrades Malaysia's economic growth forecast

MIER upgrades Malaysia's economic growth forecast M.Jegathesan, Agence France-Presse, Kuala Lumpur Malaysia's economy is likely to grow at a better-than-expected 6.7 percent this year on the back of an improved global outlook, the Malaysian Institute of Economic Research (MIER) said on Tuesday. "Malaysia's economic prospects are brightening. All engines are firing," MIER's executive director Mohamed Ariff said after presenting a report by the independent think-tank.

Enough is enough: Said Agil

Enough is enough: Said Agil BATAM, Riau: Minister of Religious Affairs Said Agil Husein Al Munawar said on Tuesday the government would not ask the Saudi Arabian government for a larger quota for Indonesians who wish to go on the 2005 haj pilgrimage. Said Agil said he was still smarting from the brouhaha that marked this year's haj season as a result of Indonesia's failure to secure 30,000 extra places that the ministry had promised the public.

Politicians courting military criticized

Politicians courting military criticized Tiarma Siboro, The Jakarta Post, Jakarta Experts have lashed out at civilian politicians who are seeking to link up with military figures in the upcoming direct presidential election, only six years after they embarked on a reform movement aimed at putting civilians back in command.

San Miguel sets sights in Asian region

San Miguel sets sights in Asian region Philippine food and beverages giant San Miguel set its sights on expanding abroad Tuesday after posting a 30 percent rise in net profit for the first quarter, boosted by brisk beer sales. San Miguel Corp. said its non-alcoholic and alcoholic beverages segments acted as the "main growth driver" for the quarter but there were also "significant income improvements" in the company's food division.

World Bank sees growth but new investment unlikely

World Bank sees growth but new investment unlikely Dadan Wijaksana, The Jakarta Post, Jakarta The World Bank said Indonesia's economy could grow faster this year thanks to a better global trade picture, but warned of poor performance in the investment sector. The Bank, in its biannual assessment report on the region's economies, predicted the Indonesian economy to grow by 4.5 percent in 2004, 0.5 percent higher than its initial prediction last year.

Big debtors cleared

Big debtors cleared The Indonesian Bank Restructuring Agency (IBRA), which will entirely shut down its operations later this month, has been busy pressuring large debtors to settle their debts to the government. More than 20 of the estimated 38 large debtors who were formerly the majority shareholders in the banks that suffered insolvency in 1998 and 1999 have thus far signed closing agreements with the government to resolve once and for all their debts.

Regional governments enter cellular business

Regional governments enter cellular business Dewi Santoso, The Jakarta Post, Jakarta Three provincial and five regental administrations have agreed to join telecommunications firm PT Indonesian Satellite Corporation (Indosat) to launch Star One, the company's new fixed wireless service, by the end of this year. The provincial administrations are Bali, Central Java and Yogyakarta.

Three RI migrants killed in brawl

Three RI migrants killed in brawl KUALA LUMPUR: Three Indonesian migrant workers were stabbed to death and several others injured during a clash between rival gangs in Malaysia's eastern Sarawak state, news reports said Tuesday. Two of the dead were identified as Joni and Rosli, both 30. The fight between ethnic Bugis and Bima workers occurred early Monday after several of them quarreled at a wedding feast held in a plantation in Batu Niah, some 120 kilometers south of Miri.

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Democracy demands change in business leadership Eric E. Hallett Head, Business English Center Prasetiya Mulya Business School Jakarta, Indonesia eric@pmulya.ac.id 2. Yayan -- Intermeshed issues challenge new government 2 x 30 New government to face intermeshed domestic, international issues Yayan GH Mulyana Fulbright Program Alumnus Bogor, West Java yanvontsazik@yahoo.com

Teachers join dance, music classes

Teachers join dance, music classes BOGOR: At least 100 local teachers joined traditional dance and angklung music classes to help them prepare their schools for an upcoming student competition in June and the Bogor Art Festival in August. Angklung is a musical instrument indigenous to the Sundanese culture of West Java, and consists of bamboo tubes suspended from a frame to form a scale. The tubes are played by shaking and are usually played in an ensemble.

Rating upgrade likely: Minister

Rating upgrade likely: Minister Indonesia's credit ratings will likely improve if the upcoming presidential elections run smoothly, Coordinating Minister for the Economy Dorodjatun Kutjoro-Jakti said on Tuesday. "I'm optimistic that our rating will increase to B-plus," he said in a convention, referring to Standard & Poor's rating on Indonesia.

BNI to issue up to $200m in bonds in May

BNI to issue up to $200m in bonds in May The Jakarta Post, Jakarta Publicly listed Bank Negara Indonesia (BNI) is set to issue subordinated bonds worth US$200 million in May or June to help strengthen its capital, the bank's president said. "The bond offering is expected to raise BNI's capital adequacy ratio (CAR) from 18 percent at present to about 21 to 22 percent," BNI president Sigit Pramono announced on Tuesday.

Govt promises no fuel, electricity hikes in 2005

Govt promises no fuel, electricity hikes in 2005 Zakki Hakim and Urip Hudiono, The Jakarta Post, Jakarta The current administration has decided not to raise fuel prices or electricity rates next year, meaning that the state budget will have to subsidize the two commodities. The proposal is contained in the draft of the 2005 state budget, which will be submitted to the House of Representatives for deliberation on May 5. "We'll not raise fuel or electricity next year.

Democracy demands change in business leadership

Democracy demands change in business leadership Eric E. Hallett, Head, Business English Center, Prasetiya Mulya Business School, Jakarta, Indonesia, eric@pmulya.ac.id Every once in awhile I hear a friend or colleague murmuring their desire to return to the "good old days" in Indonesia when Pak Harto led the country. The cost-of-living was cheaper, there were more jobs and more security, and everyone just seemed to be happier with life.

Kartini still a teacher and guide for us today

Kartini still a teacher and guide for us today Simon Marcus Gower, Executive Principal, High/Scope Indonesia School, Jakarta There is a very wise young Javanese lady who has much to teach the people of Indonesia, and indeed people all around the world, in this current year of 2004. She exists through her writings and her rightful place in the history books of Indonesia.

Gus Dur, NU to discuss presidency

Gus Dur, NU to discuss presidency MATARAM, West Nusa Tenggara: Abdurrahman "Gus Dur" Wahid will attend a gathering of prominent Nahdlatul Ulama (NU) clerics here on Wednesday to set criteria for eligible presidential candidates.

Jasa Marga, ad agency summoned

Jasa Marga, ad agency summoned JAKARTA: The Jakarta Police will summon witnesses from toll road operator PT Jasa Marga and advertising agency PT Rainbow Cipta Utama for questioning in their investigation of the illegal felling of over 200 mangrove trees in Kapuk, North Jakarta. Witnesses from the two companies would be interviewed on April 22 and April 28, police said.

Rp 24m stolen from official's car

Rp 24m stolen from official's car TANGERANG: Two unidentified men riding a RX King motorcycle managed to make off with Rp 24 million in cash they took from an official's car parked inside the Tangerang municipal office car park on Tuesday. Aap Syarifudin, an official with the Capital Investment and Permit Office (LPMP) said that he had just withdrawn the money from Bank International Indonesia on Jl. Daan Mogot at about 11 a.m.

Stock prices on the Jakarta Stock Exchange (in rupiah) on April 20, 2004

Stock prices on the Jakarta Stock Exchange (in rupiah) on April 20, 2004 __________________________________________________________________________ Shares Close Change Trading Volume __________________________________________________________________________ Abdi Bangsa Tbk 275 0 0 Ades Alfindo Tbk 1,000 0 77,500 Adhi Karya 475 65 77,083,500 Adira Dinamika 2,425 200 19,156,500 AGIS Tbk 130 -5 2,210,000 Akbar Indo Makmur 85 0 0 Alakasa Industrindo 135 0 0 Alfa Retailindo Tbk 950 0 0 Alter Abadi...

Student futsal games to be staged

Student futsal games to be staged JAKARTA: Sixteen universities across Java island will compete in the Djarum Super Futsal Weekend Games 2004 at the Bung Karno Basketball Hall in Senayan, Central Jakarta. The 16 teams have been divided into four groups. Group matches will start on Saturday for a two-weekend competition, with the winners advancing to the May 8 and May 9 semifinals. The final will be on May 22. The event is offering Rp 25 million (US$2,941) in cash prizes.

Pakistan upbeat on entry into ARF

Pakistan upbeat on entry into ARF PAKISTAN: Prime Minister Zafrullah Khan Jamali on Tuesday expressed confidence that rival India would agree to Pakistan's entry into a security forum of the Association of Southeast Asian Nations (ASEAN). Pakistan's admission into the ASEAN Regional Forum (ARF) was blocked on technical grounds last year by India, which is one of the forum's 23 members, but Jamali is now hopeful of success because of warming relations between the nuclear-armed neighbors.

JP/2/IFJ

JP/2/IFJ World press association calls for Fery's release The Jakarta Post Jakarta The International Federation of Journalists has reiterated its demand for the release of RCTI television cameraman, Fery Santoro, who has spent almost 10 months as a hostage of the Free Aceh Movement (GAM).

Govt promises no fuel, electricity hikes in 2005

Govt promises no fuel, electricity hikes in 2005 Zakki Hakim and Urip Hudiono, The Jakarta Post, Jakarta The current administration has decided not to raise fuel prices or electricity rates next year, meaning that the state budget will have to subsidize the two commodities. The proposal is contained in the draft of the 2005 state budget, which will be submitted to the House of Representatives for deliberation on May 5. "We'll not raise fuel or electricity next year.

Court to start trying Abepura case

Court to start trying Abepura case MAKASSAR, South Sulawesi: The trial of two Military chiefs for high-profile human rights abuses in Abepura, Papua, will start on May 7, an official said on Tuesday. Makassar District Court spokesman Heru Pramono said his office would be used by an ad-hoc court to try the case. Heru said the two defendants in the case, Brig. Gen. Wainal Usman, a former chief of Mobile Brigade division at the Papua provincial police; and Sr. Comr.

'Renovate but don't alter original design'

'Renovate but don't alter original design' The renovation of Luar Batang Mosque in Pasar Ikan, North Jakarta, has unavoidably replaced most of the building materials with brand-new marble and bricks, although retaining the original design. The Jakarta Post talked to some residents on their opinion of whether heritage sites in Jakarta should be renovated or demolished to make way for new development.

Kartini shed light on women

Kartini shed light on women Of course, most Indonesians will remember April for the elections. For the majority of Indonesian women, however, the month of April, the beginning of spring in Europe and elsewhere, is closely associated with Raden Ajeng Kartini from Rembang, Central Java, who during her brief life fought for the right of women to get an education equal to men.

Police detain three key suspects in two latest bank fraud cases

Police detain three key suspects in two latest bank fraud cases P.C. Naommy, The Jakarta Post, Jakarta Police announced on Tuesday the detention of three of nine suspects in the fraud cases involving the now defunct Bank Dagang Bali (BDB) and Bank Asiatic. According to National Police Spokesman Brig. Gen.

East Asia's economy brightest in four years

East Asia's economy brightest in four years Karl Malakunas, Agence France-Presse, Singapore East Asia's economies will grow nearly twice as fast as the world rate this year on the back of China's continued strength, helping to lift millions of people above the poverty line, the World Bank said on Tuesday.

New government to face intermeshed domestic and international issues

New government to face intermeshed domestic and international issues Yayan GH Mulyana, Fulbright Program Alumnus, Bogor, West Java, yanvontsazik@yahoo.com On April 13, 2004 The Jakarta Post published an article by Bantarto Bandoro entitled New diplomatic challenges await next government. I generally share the views presented in the article.

RI tells Israel to quit killing Palestinians

RI tells Israel to quit killing Palestinians The Jakarta Post, Jakarta Indonesia demanded on Monday that Israel return to negotiations with Palestinian leaders and quit using violence to settle heated disputes between the two peoples, Antara news agency reported from New York on Tuesday.

PDI-P councillor, wife found dead in Medan

PDI-P councillor, wife found dead in Medan MEDAN, North Sumatra: A legislative candidate from the Indonesian Democratic Party of Struggle (PDI-P) was found dead with his wife on Monday night at his rented house here. The dead were 40-year-old Pahala Sianipar and his wife, Imelda Pangaribuan, 31. Pahala, was certain to have secured a seat in the Serdang Bedagai regency council. His body was found on the floor at his rented house on Jl. Pintu Air, Medan.

Portrait of Aceh's no-man's-land

Portrait of Aceh's no-man's-land Teuku Agam Muzakir, The Jakarta Post, Lhokseumawe, Nanggroe Aceh Darussalam Entering Buket Nibong village in Jrat Manyang subdistrict, Tanah Jambo Aye district, North Aceh regency, is like being in a no- man's-land. More than 450 inhabitants have fled the area to escape the battles between the Indonesian Military (TNI) and the rebel Free Aceh Movement (GAM) that have been raging since 1999.

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Kartini still a teacher and guide for us today Simon Marcus Gower Executive Principal High/Scope Indonesia School Jakarta 2. Yale -- U.S. attempt at domination hobbled by contradiction 1 x 45 U.S. attempt at domination hobbled by contradiction Michael Kraig Yale Center for the Study of Globalization Muscatine, Iowa 3. Pro21 -- China's silent rural revolution 1 x 30 China's silent rural revolution Jiang Wenran Professor of Political Science University of Alberta Canada Project Syndicate

* Headlines:Military-minded civilians come under fire 2

* Headlines:Military-minded civilians come under fire 2 * National:Students set to stand trial over terrorism charges 4 * Archipelago:Council probed over alleged markup 5 * Opinion:Democracy demands change in business leadership 6 * City:Fauzi insists water transportation not feasible 8 * Sports:Former star Hendrawan questions Sigit, Halim cut 10 * World:China urges Kim to soften stance toward U.S.: Paper 11 * Business:Saudis won't use oil to sway U.S.

Female politicians 'sidelined'

Female politicians 'sidelined' Muninggar Sri Saraswati, The Jakarta Post, Jakarta Forty years after the government declared R.A. Kartini a national heroine, Indonesian women are enjoying greater freedom and equality with their male counterparts. Politically minded women, however, complain they are being sidelined by male-dominated political parties.

Most KPUDs miss submission deadline

Most KPUDs miss submission deadline Moch. N. Kurniawan and Nani Farida, The Jakarta Post, Jakarta/Banda Aceh The General Elections Commission (KPU) will hold manual ballot counting in stages starting from Friday after only 145 of 440 regions submitted their election results to the commission on time. KPU deputy chairman Ramlan Surbakti said only two provinces -- Bangka Belitung and Bali -- had delivered all their regional election results by the Tuesday deadline.

Fauzi Bowo insists water transportation not feasible

Fauzi Bowo insists water transportation not feasible Damar Harsanto, The Jakarta Post, Jakarta Jakarta deputy governor Fauzi Bowo reiterated that the planned water transportation link from Manggarai, South Jakarta, to Karet, Central Jakarta, via the West Flood Canal was simply not feasible due to the high cost and projected low demand. "The project is too costly ...

Wiranto trounces Akbar in Golkar race

Wiranto trounces Akbar in Golkar race Kurniawan Hari and M. Taufiqurrahman, The Jakarta Post, Jakarta Former Indonesian Military chief Gen. (ret) Wiranto is the Golkar Party's presidential candidate, after he trounced party leader Akbar Tandjung in a tense head-to-head vote here early on Wednesday morning. Wiranto's resounding victory -- an outright majority of 315 votes -- compares to Akbar's lesser total of 227. Akbar looked increasingly strained and tired during the voting.

Former star upset about Thomas Cup team

Former star upset about Thomas Cup team Eva C. Komandjaja, The Jakarta Post, Jakarta Recently retired badminton star Hendrawan rued the exclusion of Sigit Budiarto and Halim Haryanto from Indonesia's Thomas Cup team, but admitted that the sport's governing body PBSI must have had a good reason for the decision. "There was something odd going on behind Sigit and Halim's exclusion from the lineup.

Man arrested over illegal arms in Poso regency

Man arrested over illegal arms in Poso regency Ruslan Sangadji, The Jakarta Post, Palu, Central Sulawesi A farmer with illegal firearms and bullets in his possession was arrested on Tuesday by police who were tracking down gunmen blamed for renewed attacks in Poso regency, Central Sulawesi. The police seized two guns and 10 bullets, five of which were 5.56 millimeters and five of .38 caliber.

Concern heightens about militia groups in Aceh

Concern heightens about militia groups in Aceh A. Junaidi and Tiarma Siboro, The Jakarta Post, Jakarta Activists and researchers have urged an end to the involvement of militia groups in Nanggroe Aceh Darrusalam in the operation against rebels, saying the military is virtually pitting civilians against each other.

Free Fery Santoro: World press body

Free Fery Santoro: World press body The Jakarta Post, Jakarta The International Federation of Journalists has reiterated its demand for the release of RCTI television cameraman, Fery Santoro, who has spent almost 10 months as a hostage of the Free Aceh Movement (GAM).

Govt provides Rp 200b to build new schools across the country

Govt provides Rp 200b to build new schools across the country Leony Aurora, The Jakarta Post, Jakarta The government has approved construction of 215 new junior high schools across the country this year and allocated Rp 200 billion (US$23.53 million) in block grants for the projects. Ministry of National Education director general for elementary and secondary education Indra Djati Sidi said on Tuesday 119 schools would be built as soon as possible.

Motorcycle theft high, mostly in quiet areas

Motorcycle theft high, mostly in quiet areas Evi Mariani, The Jakarta Post, Jakarta Motorcycle theft in Greater Jakarta is on the rise with Jakarta Police reporting 47 cases in the first quarter of the year. The highest figure was last month with 16 motorcycles taken by force, followed by 13 cases in January, 11 cases in February and seven this month, as of April 20. In 32 of the 47 cases, the robbers reportedly used firearms to threaten motorcyclists to hand over their vehicles.

President should be pluralistic

President should be pluralistic From Republika In his recent article published in Republika, Haedar Nashir touched on the cultural burden of a devout Muslim as president. In fact, it is not only a pious leader that would be subject to such a burden, but also the members of particular professions. The presidential candidates that have emerged so far comprise scientists, servicemen, ulemas, artists and other professionals. A person's profession greatly influences his character and attitudes.

Restaurants seized over tax evasion

Restaurants seized over tax evasion The Jakarta Post, Jakarta The city administration seized on Tuesday two restaurants of the Sederhana restaurant chain, that serve West Sumatran dishes, for the management's failure to pay tax arrears amounting to Rp 359.3 million (US$42,270). "Earlier, seven of Sederhana's restaurants had failed to settle Rp 646 million in unpaid taxes," said the Jakarta Revenue Agency head of confiscation and auction division Jinur Lumbangaol.

KPK seeks to quiz Puteh on graft cases

KPK seeks to quiz Puteh on graft cases Nani Farida, The Jakarta Post, Banda Aceh, Nanggroe Aceh Darussalam The newly formed national anticorruption body is seeking to question Nanggroe Aceh Darussalam Governor Abdullah Puteh for his alleged role in graft cases as local authorities have been wholly unable to summon him.

Education minister, Sutiyoso summoned over SMP 56 dispute

Education minister, Sutiyoso summoned over SMP 56 dispute M. Taufiqurrahman, The Jakarta Post, Jakarta Post The House of Representatives Commission VI for human resources and religious affairs named Jakarta Governor Sutiyoso, Minister of National Education Abdul Malik Fajar and businessman Abdul Latief as responsible for the situation at SMP 56 state junior high school. Classes were taught in the parking lot on Monday as the school had been taken over by the Jakarta administration on Sunday.

SBY to attend rally of HI workers

SBY to attend rally of HI workers An ongoing protest rally by around 1,300 Hotel Indonesia employees appears to have attracted the attention of presidential hopeful Susilo Bambang Yudhoyono, nicknamed SBY, and another political party.

Six arrested over brawl with miners

Six arrested over brawl with miners Multa Fidrus, The Jakarta Post, Tangerang Tangerang Police arrested six residents from three villages in Mauk on Tuesday, following a brawl with the workers of an illegal sand dredging operation located in Kampung Simpang. The six are identified as H. Tabrani, a former chief of Tegal Kunir Lor village; Achmad, a resident in Ketapang village; Helmi, Jubed and Kusyadi, residents of Banyu Asin village; and Hambali, from Kemiri village.

Public park for vendors?

Public park for vendors? From Kompas A public park in Pancoran Glodok, West Jakarta, has now become a hub for vendors and has turned into a shabby slum that disturbs the comfort and security of local residents. This situation has lasted for quite a while, yet no action has been taken by the city administration.

1. TNI: 48 pt, 2 cols, 3 x 12

1. TNI: 48 pt, 2 cols, 3 x 12 Military-minded civilians come under fire 2. SMP: 36 pt, 4 cols, 2 x 28 Education minister, Sutiyoso summoned over SMP 56 dispute 3. IFJ : 28 pt, 1 cols, 4 x 9 World press body seeks release of journalist 4. KARTINI: 30 pt, 4 cols, 1 x 36 Female politicians 'sidelined' 5. SUSUL: 28 pt, 4 cols, 1 x 36 Contrary laws threaten children

RI to cohost workshop on autonomy

RI to cohost workshop on autonomy Tony Hotland, The Jakarta Post, Jakarta Acknowledging the shortcomings resulting from the decentralization process, especially as it pertains to the forests, the government will co-host an international workshop. It is hoped that Indonesian officials can learn from the experiences of other countries whose autonomy system works properly. "Our decentralization system was formulated in such a hurry, that both the central and local administrations were unprepared.

Sugar farmers head to Jakarta for rally

Sugar farmers head to Jakarta for rally ID Nugroho, The Jakarta Post, Surabaya Some 2,000 sugar plantation farmers left East Java for Jakarta on Tuesday to stage a protest against the widespread smuggling of sugar into Indonesia, which has been blamed for a decline in the price of the commodity. They will demonstrate at the Ministry of Industry and Trade, representing at least 31 Java sugar mills.

Prosecutors seek 10 years for Marriott bomber

Prosecutors seek 10 years for Marriott bomber The Jakarta Post, Jakarta The prosecution is seeking a 10-year jail sentence for Muhammad Rais for his alleged involvement in the JW Marriott Hotel bombing on Aug. 12, 2003. Prosecutor Andi Herman told the South Jakarta District Court on Tuesday that Rais was guilty of involvement in the bombing, which terrorized the public.

Villagers threaten to block Balongan

Villagers threaten to block Balongan Fitri Wulandari, The Jakarta Post, Jakarta Shrimp farmers and fishermen from Indramayu, West Java, have threatened to blockade the Balongan oil refinery owned by state oil and gas firm PT Pertamina if the latter fails to clean up oil spills in the area. If the blockade eventuates, supply of oil-based fuel to Jakarta could be disrupted as 60 percent of output from the Balongan facility is sent to the capital. "Pertamina has been lying. It has done nothing.

Strange but true

Strange but true From Koran Tempo By the time President Megawati visited the National Tabulation Center for the 2004 general election at Hotel Borobudur, Jakarta, on April 7, the vote gain of the Indonesian Democratic Party of Struggle (PDI-P) had risen drastically from 4.9 million votes at 1 p.m. to 18.2 million at 1:40 p.m. Peculiarities have been a common phenomenon in the Indonesian government, while something that proceeds normally may even seem strange to certain officials.

Jakarta stock index hits historic high

Jakarta stock index hits historic high Dadan Wijaksana, The Jakarta Post, Jakarta Hopes of a peaceful presidential election on July 5 and a better economic future has hyped the already bullish sentiment in the stock market and lifted the Jakarta stock index to an all- time high on Tuesday.

Only A$642,000 of Hendra's ill-gotten US$200m recovered

Only A$642,000 of Hendra's ill-gotten US$200m recovered Novan Iman Santosa and Muninggar Sri Saraswati, The Jakarta Post, Jakarta Hopes of recovering funds stashed away by the late Hendra Rahardja dimmed on Tuesday when Minister for Justice and Human Rights Yusril Ihza Mahendra said that an Indonesia-Australia team tasked with tracing his ill-gotten wealth had recovered just A$642,000 of the US$200 million that his estate still owes.

Students set to stand trial over terrorism charges

Students set to stand trial over terrorism charges P.C. Naommy, The Jakarta Post, Jakarta The Jakarta Prosecutor's Office is ready to indict four Indonesian students deported from Pakistan in December 2003 for their alleged roles in financing and providing training for terrorist activities. The prosecutor's office Spokesman Haryono told The Jakarta Post on Tuesday it had received completed dossiers of the four suspects from the National Police Headquarters last Thursday.

Mobile-8 launches smart buy

Mobile-8 launches smart buy JAKARTA: Cellular firm PT Mobile-8 Telecom launched on Tuesday its Fren Smart Buy program, which gives its credit card customers an opportunity to get free or discounted cellular telephones. The program is a collaboration between Mobile-8, Nokia and eight local financial institutions: Bank Central Asia (BCA), Bank Danamon, Bank International Indonesia (BII), GE Money, Bank Mandiri, Bank Negara Indonesia (BNI), Bank Niaga and Permata Bank.