Indonesian Political, Business & Finance News

Archive: 1 June 2004

79 articles found

City to oust schools from business zones

City to oust schools from business zones JAKARTA: The city education agency will evict a group of private colleges and vocational schools located in various business districts, which they say are not to be used for educational purposes.

Stock prices on the Jakarta Stock Exchange (in rupiah) on May 31, 2004

Stock prices on the Jakarta Stock Exchange (in rupiah) on May 31, 2004 ____________________________________________________________________________ Shares Close Change Trading Volume ____________________________________________________________________________ Abdi Bangsa Tbk 275 0 0 Ades Alfindo...

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The return of the old New Order measures? Christine Susanna Tjhin Jakarta2. Direct -- Presidential election: All still questionable 2 x 30 Track records not campaigns likely to convince the voters Imanuddin Razak The Jakarta Post Jakarta iman@thejakartapost.com

COUNTRY PROFILE -- Sweden

COUNTRY PROFILE -- SwedenArticle for The Jakarta Post 6 June 2004 Investing in Indonesia with a racing spirit! Swedish-Indonesian relations date back far in time -- before Indonesian independence -- and have been broad and deep, in spite of the large distance between our two countries.

Medco to issue Rp 1.2t bond later this year

Medco to issue Rp 1.2t bond later this year Dow Jones, Jakarta Indonesian oil and gas company PT Medco Energi Internasional said on Monday its plan to issue bonds in the local market later this year. The company said in a preliminary prospectus that it will issue up to Rp 1.

'Berita Buana' staff sues management

'Berita Buana' staff sues managementUrip Hudiono, Jakarta Journalists and employees of Berita Buana daily newspaper filed a civil lawsuit on Monday at the East Jakarta District Court against their company's management, for not paying them a salary over the last eight months.

Rights body assesses detention centers

Rights body assesses detention centers JAKARTA: Four officials from the National Commission on Human Rights (Komnas HAM) visited the Jakarta Police Headquarters detention center on Monday."The condition (of the detention center) is quite good and humane," said a member of the commission, Lies...

Asian Cup could see first co-hosts

Asian Cup could see first co-hosts KUALA LUMPUR: The next Asian Cup will be held in 2007 following this year's tournament in China and could involve co- hosts for the first time, the Asian Football Confederation (AFC) said on Monday.

Clearing the campaign trail

Clearing the campaign trail The presidential elections that are to kick off today with a month-long campaign period is an important milestone in Indonesia's history. After almost 59 years of independence, it is only now that the nation seems to have amassed enough insight and courage to try and...

Government raises tax, excise revenue target

Government raises tax, excise revenue targetDadan Wijaksana, Jakarta The House of Representatives' State Budget Commission has approved a government proposal to increase the tax and excise revenue target for next year, according to officials.

1. SAUDI: 3 LINES, 10 COUNTS

1. SAUDI: 3 LINES, 10 COUNTS Saudi forces hunt gunmen after attack 2. LOCAL: 3 LINE, 14 COUNTS Megawati urges local govts to support KPU 3. BUSWAY: 1 LINE, 24 COUNTS City told to reroute new busway 4. PANWASLU: 1 LINE, 35 COUNTS Panwaslu seeks review of campaign rules 5.

Accepting with resignation

Accepting with resignationFrom Media IndonesiaThe Javanese word legowo has become popular following the failure of former president Abdurrahman " Gus Dur" Wahid to satisfy the health requirements for standing in the presidential election.

Wiranto's campaign team get to know each other

Wiranto's campaign team get to know each other Kurniawan Hari and Ridwan Max Sidjabat, Jakarta Members of the campaign team for Gen. (ret) Wiranto and cleric Solahuddin Wahid are still struggling to match their thoughts and behavior as the one-month campaigning period kicks off on Tuesday.

Mangrove felling suspects detained

Mangrove felling suspects detainedEvi Mariani, Jakarta The Jakarta Police arrested on Monday three people suspected of being behind the felling of more than 200 mangrove trees after questioning them for several hours.

Monopoly watchdog examines Indofood

Monopoly watchdog examines IndofoodTony Hotland, Jakarta Food producer PT Indofood Sukses Makmur has the potential to hamper fair competition in the domestic instant noodle market due to its overwhelming dominance, according to a report by a monopoly watchdog.

ANPAf..r..

ANPAf..r.. Indonesia-S&P-analysis S&P warns of oil price impacts on Indonesia JP/13/Rating The Jakarta Post Jakarta The current high oil prices have the potential to adversely affect the country's national budget, but are likely to have only a slight effect on inflation, Standard & Poor's (S&P)...

Thomas event gets Rp 1.2b in profit

Thomas event gets Rp 1.2b in profitEva C. Komandjaja, Jakarta The Badminton Association of Indonesia (PBSI) reaped approximately Rp 1.2 billion (US$136,000) in profits from hosting the Thomas and Uber Cups competitions in Jakarta a few weeks ago, according to an official.

Bomb fears return to Ambon after two more devices found

Bomb fears return to Ambon after two more devices foundM. Azis Tunny, Ambon, Maluku The police have found two bombs in the Maluku capital of Ambon, bringing renewed fear to the city as it struggles to get back to normalcy following disturbances last month.

ITB students oppose eviction of vendors

ITB students oppose eviction of vendors BANDUNG: Hundreds of Bandung Institute of Technology (ITB) students held a protest on Monday at the ITB administration office, demanding that the school refrain from evicting street vendors who sell goods on campus.

No clashes, please!

No clashes, please! All presidential candidates have agreed to avoid violence in their campaigns, which will start tomorrow.In a meeting with the Constitutional Court on Saturday the five candidates agreed to bring any electoral disputes to the court, while also promising to not hold any "black"...

Medco to issue Rp 1.2t bond

Medco to issue Rp 1.2t bond JAKARTA: Indonesian oil and gas company PT Medco Energi Internasional said on Monday its plan to issue bonds in the local market later this year.The company said in a preliminary prospectus that it will issue up to Rp 1.

'I try to reduce my spending'

'I try to reduce my spending' Data from the Central Bureau of Statistics (BPS) shows that the number of smokers aged 15 and above has been increasing annually. In 1995, the number of smokers was 6 million, but eight years later it jumped to seven million.

Kalideres to Pulogadung a long and winding route

Kalideres to Pulogadung a long and winding routeUrip Hudiono, Jakarta "Gadung, Slipi. Gadung, Slipi." The P64 Himpurna conductor called to potential passengers gathered around Kalideres bus terminal in West Jakarta on a Saturday morning.

Civil servants get the chop

Civil servants get the chop TANGERANG: The Tangerang municipal administration announced on Monday the dismissal of 10 civil servants for various crimes and breaches of the regulations.The administration's secretary, Harry Mulya Zain, revealed that Marsudin, a officer at the Paninggilan subdistrict...

KPI seeks ban on hidden camera

KPI seeks ban on hidden cameraP.C. Naommy and Evi Mariani, Jakarta The newly created Indonesian Broadcast Commission (KPI) is rethinking its draft broadcast regulations for the enforcement of Law No. 32/2002 on television broadcasting content in the midst of a public outcry over a recent reality...

Increased security for foreign interests

Increased security for foreign interests JAKARTA: Police have deployed specially trained officers to secure foreign interests in the country, including foreign mining sites and embassies, as well as tourist sites in anticipation of possible terrorist attacks, a police spokesman says.Insp. Gen.

Fery looks forward to the future

Fery looks forward to the futureTiarma Siboro, Jakarta Fery Santoro has come to terms with the months he spent as a hostage of the Free Aceh Movement (GAM), and does not feel any resentment nor regret for his ordeal.Born in Purworejo, Central Java, on Feb.

Tito's son presents credentials

Tito's son presents credentials JAKARTA: A son of former Yugoslavian president the late Broz Tito, Aleksander Broz, presented his credentials to President Megawati Soekarnoputri on Monday as Croatian ambassador to Indonesia.

Commanders told to remain neutral

Commanders told to remain neutralTiarma Siboro, Jakarta As the unprecedented direct presidential election draws near, Indonesian Military (TNI) chief Gen. Endriartono Sutarto told commanders in the field to prevent soldiers from getting involved in politics before, during, and after the event or be...

Mega promise corruption-free Cabinet

Mega promise corruption-free CabinetFabiola Desy Unidjaja, Jakarta In an apparent effort to continue the anticorruption crusade that he launched as leader of Nahdlatul Ulama (NU), Hasyim Muzadi, the running mate of President Megawati Soekarnoputri, has insisted that fighting corruption will be one...

Rupiah Rates May 31

Rupiah Rates May 31 Banknote rates TT rates Selling Buying Selling Buying Australian dollar 1 6,923.23 6,205.88 6,599.53 6,529.35 Brunei dollar 1 5,717.82 5,127.15 5,450.48 5,394.40 Canadian dollar 1 7,121.90 6,385.16 6,788.91 6,717.98 Swiss franc 1 7,752.50 6,951.87 7,390.02 7,314.

S&P warns of oil price impacts on Indonesia

S&P warns of oil price impacts on IndonesiaThe Jakarta Post, Jakarta The current high oil prices have the potential to adversely affect the country's national budget, but are likely to have only a slight effect on inflation, Standard & Poor's (S&P) Ratings Services said on Monday.

Mangrove felling suspects detained

Mangrove felling suspects detainedEvi Mariani JakartaThe Jakarta Police arrested on Monday three people suspected of being behind the felling of more than 200 mangrove trees after questioning them for several hours.

Wiranto's team works out differences

Wiranto's team works out differencesKurniawan Hari and Ridwan Max Sidjabat, Jakarta Members of the campaign team for Gen. (ret) Wiranto and cleric Solahuddin Wahid are still struggling to match their thoughts and behavior as the one-month campaigning period kicks off on Tuesday.

Purnomo calms fears over oil output disruption

Purnomo calms fears over oil output disruptionThe Jakarta Post, Jakarta The Organization of Petroleum Exporting Countries (OPEC) doubts that the attack on the Saudi oil city of Khobar will disrupt Saudi Arabia's plan to increase output.

1. WIRANTO: 30 pt, 4 cols, 1 x 36

1. WIRANTO: 30 pt, 4 cols, 1 x 36 Wiranto's team strives for meeting of minds or Wiranto's team strive to pull together or Wiranto's team work out differences 2. PLATFORM: 48 pt, 3 cols, 3 x 18 Job creation tops the list in Mega's economic platform 3.

S'pore buys prime mall in Malaysia

S'pore buys prime mall in Malaysia SINGAPORE: The Singapore government said on Monday it has bought a majority stake in a prime shopping center in Malaysia's southern Johor state.The Government of Singapore Investment Corporation, through its property arm GIC Real Estate, made the acquisition in...

Regional airlines heading for more promising years

Regional airlines heading for more promising yearsHendarsyah Tarmizi, Jakarta Airlines across the Asia Pacific have started to gain strength after passing through a series of challenges ranging from terrorist attacks, war in Iraq, the outbreak of SARS and the global economic slowdown during the...

Mega urges local govts to support KPU

Mega urges local govts to support KPUFabiola Desy Unidjaja, Jakarta President Megawati Soekarnoputri urged regional authorities on Monday to help the General Elections Commission (KPU) disseminate information about presidential and vice presidential candidates in the upcoming election.

*Saudi forces hunt gunmen after attack Page 2

*Saudi forces hunt gunmen after attack Page 2 *Police to question Puteh over alleged markup Page 4 *Bomb fears return to Ambon after two more devices found Page 5 *The return of the old New Order measures? Page 6 *Greenery continues to disappear: Bapeda Page 8 *England faces hooligan risk at Euro...

Palu motorists searched for weapons

Palu motorists searched for weaponsRuslan Sangadji, Palu The Central Sulawesi Police intensified their search on Monday for the killers of prosecutor Ferry Silalahi, carrying out an arms sweep at a number of entry points to the provincial capital of Palu.

JP/R. Berto Wedhatama

JP/R. Berto WedhatamaTOP BRASS DISCUSS SECURITY: Indonesian Military (TNI) chief Gen. Endriartono Sutarto (second left) talks with Air Force Chief of Staff Marshal Chappy Hakim (left), Navy Chief of Staff Adm. Bernard Kent Sondakh (second right) and Army Chief of Staff Gen.

Pertamina fixes cash mess, guarantees fuel supply

Pertamina fixes cash mess, guarantees fuel supplyThe Jakarta Post, Jakarta State oil and gas company PT Pertamina promised that there would be no disruptions in the domestic fuel supply, saying it had resolved its financial problems after the government agreed to pay a fuel subsidy based on the...

TV Program: Tuesday, June 1, 2004

TV Program: Tuesday, June 1, 2004TVRI .TB.30" .90" 5:00 a.m. Religious Teachings6:00 News: Berita Pagi7:00 Children Show 8:30 Music: Asyik Asyik 10:00 Talk Show: Agribiz11:00 Singing Contest: Konteswara 12:00 p.m.

PGN may drop dollar, yen bond plan on weak market

PGN may drop dollar, yen bond plan on weak marketDow Jones, Jakarta State-owned PT Perusahaan Gas Negara may drop plans to issue U.S. dollar and Samurai bonds due to the current unfavorable global market situation.

Malaysia Airlines imposes fuel levy

Malaysia Airlines imposes fuel levy KUALA LUMPUR: Malaysia Airlines on Monday said it will levy a special fuel levy on its regional and international routes from June 1 in an effort to offset rising oil prices.However, there will be no levy on domestic services, the airlines said.

The return of the old New Order measures?

The return of the old New Order measures?Christine Susanna Tjhin, Jakarta While all five presidential candidates vehemently flaunt their commitment to upholding human rights and democratization, some members of the House of Representatives and security authorities seem to be throwing spikes down...

Open, green spaces continues to disappear: Agency

Open, green spaces continues to disappear: AgencyDamar Harsanto, Jakarta The Jakarta Planning Agency said in a preliminary evaluation of the city's 2000-2010 master plan that open and green spaces in the capital had decreased by 14 percent in the last 19 years.

Local carriers add flights amid tight competition

Local carriers add flights amid tight competitionRudijanto, Contributor, Jakarta After been bloodied by a long-running, no-holds-barred price war with one another, Indonesian airlines are now looking forward to a brief respite provided by higher ticket prices and loads during next month's school...

Role models needed to curb smokers

Role models needed to curb smokersSari P. Setiogi and Urip Hudiono, Jakarta The government hopes that nonsmoking, informal leaders, including Muslim clerics, will set a good example to the public, as the old methods have been proven less effective in curbing the number of smokers in the country.

Five more BNI suspects tried for corruption

Five more BNI suspects tried for corruption Five more suspects in the high-profile, Rp 1.7 trillion (US$190 million) Bank BNI scandal were brought to trial on Monday.The five were Olah Abdullah Agam, director of PT Gramarindo Mega Indonesia, Aprilia Widata of PT Pankintrans, Titik Pristiwati of PT...

The guru speaks

The guru speaksRodney Louis Vincent, Contributor, Jakarta How many top bosses do you know who present junior managers with reading lists of history, current affairs and literature, and then hold discussion groups to make sure the reading gets done.

Insurance consumer group slams govt

Insurance consumer group slams govtZakki P. Hakim, Jakarta A consumer group slammed on Monday the Ministry of Finance for its indecisiveness in dealing with 11 insurance companies in difficulty, thus questioning its capability to exercise its possible exclusive authority to declare insurance...

Fuel prices unchanged

Fuel prices unchanged Pertamina has decided to maintain the price of most fuel products for transportation and industry for June, except for jet fuel and fuel oil for industry, which has been raised by 0.6 percent.

S&P warns of oil price impacts on Indonesia

S&P warns of oil price impacts on IndonesiaThe Jakarta Post, Jakarta The current high oil prices have the potential to adversely affect the country's national budget, but are likely to have only a slight effect on inflation, Standard & Poor's (S&P) Ratings Services said on Monday.

Registration for observers extended

Registration for observers extended JAKARTA: Independent observers for the July 5 presidential election still have time to register with the General Elections Commission (KPU) because the commission has extended the registration period.

Panwaslu seeks review of campaign rules

Panwaslu seeks review of campaign rulesThe Jakarta Post, Jakarta/Semarang/Yogyakarta Although the presidential campaign will start only on Tuesday, the Election Supervisory Committee (Panwaslu) is already planning to file for judicial review on General Elections Commission (KPU) ruling No.

Court waives petition for perjury against Tomy

Court waives petition for perjury against TomyThe Jakarta Post, Jakarta The panel of judges hearing the libel suit filed by tycoon Tomy Winata against several journalists from Tempo magazine rejected a defense petition calling for legal proceedings against Tomy for perjury.

Australian editors in town

Australian editors in town JAKARTA: Newspaper and television editors from Australia and Indonesia met here on Monday to discuss ways to encourage more informed media reporting and understanding of challenges facing Australia, Indonesia and the region.

Nirmala's relatives return home

Nirmala's relatives return home KUPANG, East Nusa Tenggara: Martha Bonat Toni and Daniel Bire, the mother and uncle of abused maid in Malaysia Nirmala Bonat, arrived in Kupang on Sunday night after they spent almost a week with Nirmala in Kuala Lumpur, the capital of Malaysia.

Govt agrees on medical council

Govt agrees on medical councilMoch. N. Kurniawan, Jakarta The House's health commission made some progress in its deliberation of the medical practice bill on Monday by approving a role for the medical council in registering general practitioners and dentists.

Students protest attack on paper

Students protest attack on paperApriadi Gunawan, Medan Hundreds of students from the University of North Sumatra (USU) held a protest rally in Medan on Monday, demanding that police investigate last week's attack on the offices of a campus newspaper.

Regional airlines heading for more promising years

Regional airlines heading for more promising years Hendarsyah Tarmizi Jakarta After going through a series of challenges ranging from terrorist attacks, war in Iraq, the outbreak of SARS and the global economic slowdown during the last few years, Airlines across the Asia Pacific have started to...

Campaign kicks off with parade

Campaign kicks off with paradeThe Jakarta Post, Jakarta Campaign teams for all five presidential candidates are scheduled on Tuesday to deploy around 50 floats, including buses and trucks, during a parade to kick off the election campaign period that will last until July 1.

Golkar helps burnish Wiranto's image

Golkar helps burnish Wiranto's imageThe Jakarta Post, Jakarta/Cirebon The Golkar Party has handed out reading material to its campaigners to serve as ammunition to counter political opponents who hope to tarnish the image of its presidential candidate, Gen. (ret) Wiranto.

Jakarta authorities told to reroute the new busway

Jakarta authorities told to reroute the new buswayDamar Harsanto, Jakarta Amid concern that many trees would be cut to make way for the new busway corridor, a transportation expert of the Bandung Institute of Technology (ITB) urged the Jakarta administration to seek an alternative route to minimize...

Appeal to voters and elected leaders

Appeal to voters and elected leadersFrom RepublikaThe entire nation, particularly Indonesian-Muslims, should help make the presidential election, scheduled for July 5, a success. Muslims should exercise their voting right for the benefit of the Islamic community.

Singapore tourism bounces back

Singapore tourism bounces back SINGAPORE: Singapore's tourism industry bounced back strongly in April from the same month last year when the city-state was hammered by an outbreak of severe acute respiratory syndrome, the government said on Monday.

3 x 17

3 x 17 Bomb fears return to Ambon after two more devices found JP/5/FLOODS1 x 28 Flooding kills one in Papua JP/5/palu1 x 35 Motorists searched for weapons in Palu JP/5/usu1 x 31 Students protest attack on paper

Most regions support review to Autonomy Law

Most regions support review to Autonomy LawRidwan Max Sijabat, Jakarta Most regional governments have thrown their weight behind the revision of two laws on regional autonomy for the sake of national unity and economic parity among them.

Minangkabau artists showcased in 'Tradition Considered'

Minangkabau artists showcased in 'Tradition Considered'Margaret Agusta, Contributor, Jakarta A massive exhibition gathering the works of 111 artists of ethnic Minangkabau origin will be on display at the National Gallery at Jl. Medan Merdeka Timur No.

1. YLKAI (2x18)

1. YLKAI (2x18) Insurance consumer group slams govt 3. Opec (4x12) Purnomo calms fears over oil output disruption 3. Tax (2x21) Government raises tax, excise revenue targets 4. KPPU (2x19) Monopoly watchdog examines Indofood 5. Pertam (1x46) Pertamina fixes cash mess, guarantees fuel supply

1. WIRANTO: 30 pt, 4 cols, 1 x 36

1. WIRANTO: 30 pt, 4 cols, 1 x 36Wiranto's team fights for solidity Members of the campaign team for Gen. (ret) Wiranto and cleric Solahuddin Wahid are still struggling to match their thoughts and behavior as the one-month campaigning period kicks off on Tuesday.

President Megawati asserts she cannot meddle in Jones' case

President Megawati asserts she cannot meddle in Jones' caseMuninggar Sri Saraswati and Fabiola Desy Unidjaja, Jakarta President Megawati Soekarnoputri said that she did not order the deportation of International Crisis Group (ICG) analyst Sidney Jones from Indonesia, and asserted she would not...

Job creation tops the list of Mega's economic platform

Job creation tops the list of Mega's economic platformZakki P. Hakim, Jakarta President Megawati Soekarnoputri and her running mate, Hasyim Muzadi, promise to create millions of new jobs in the next five years if she gets reelected for a second term in the upcoming election.

Track records not campaigns likely to convice the voters

Track records not campaigns likely to convice the votersImanuddin Razak, Jakarta Abdurrahman "Gus Dur" Wahid's disqualification as a presidential candidate leaves five pairs of running mates to contest the July 5 presidential election.

National Police to quiz Puteh

National Police to quiz PutehThe Jakarta Post, Jakarta The National Police are to question Aceh governor Abdullah Puteh over his role in an alleged markup in the purchase of power generators in 1992 on Wednesday.National Police Chief of Detectives Comr. Gen.

Flooding kills one in Papua

Flooding kills one in PapuaNethy Dharma Somba, Jayapura Keerom regency and Jayapura city have been virtually underwater since Saturday, with one fatality recorded so far and hundreds of homes inundated.

Chinese slowdown threatens Asian growth

Chinese slowdown threatens Asian growthAgence France-Presse, Singapore Economic growth in the Asia-Pacific will continue to outpace the rest of the world in the next five years but a Chinese slowdown looms as a genuine threat to the region, the Economist Intelligence Unit said.