Indonesian Political, Business & Finance News

Archive: 30 July 2004

77 articles found

Pantura people demand roads

Pantura people demand roads TANGERANG: Residents of nine districts in northern Tangerang Regency, grouped in the Pantura Development Center (PDC), have demanded the regency administration build them roads. "The administration has been focusing on development in the southern part of the regency and neglecting our area," said PDC chairman Suhaimi Ismedi on Wednesday.

TV Today: Friday, July 30, 2004

TV Today: Friday, July 30, 2004 .TB.30" .90" TVRI .tb .30" .90" 6:00 a.m. News: Berita Pagi 7:00 Children Show: Pentas Ceria 8:30 Music: Asik-Asik 10:30 Religious Teachings 12:30 p.m. Music 1:00 News: Berita Siang 1:30 Traditional Comedy: Lenong Modern 2:00 Music 3:00 English News Service 4:30 Pak Odor's Show 5:00 Children Drama 6:00 Music 7:00 News: Berita Nasional 7:30 TV Drama: Paviliun 21 9:00 News: Dunia Dalam Berita 9:30 Music: Blues 10:30 Live Show TPI 5:30 a.m.

To sell well in China, one must know faces

To sell well in China, one must know faces Eleanor S. Modesto, Jakarta China -- Asia's giant can be viewed as a threat or as an opportunity. While some cower and anxiously see China as a big competitor, one can take an alternative view and see this country as a big market. Indonesian businesses should look at a country with over a billion consumers as a humongous market. A scan of the horizon of any modern Chinese city and you'll see a mind-boggling amount of development.

RI cool to Muslim Iraq force idea

RI cool to Muslim Iraq force idea Agencies Jakarta/Jeddah, Saudi Arabia Indonesia, the world's most populous Muslim nation, gave a cool reception on Thursday to a Saudi Arabian proposal that troops from Arab or Muslim nations could be sent to Iraq. Such a force could shore up the U.S. coalition and reduce the need for U.S. troops, who are currently battling a fierce insurgency in Iraq.

'Pertamina doesn't have funds to pay KBC claim'

'Pertamina doesn't have funds to pay KBC claim' Rendi A. Witular and Fitri Wulandari, Jakarta State oil and gas company PT Pertamina says it wants to fully comply with the arbitration award to U.S.-based power company Karaha Bodas Company (KBC), but due to financial difficulties it will have to postpone making payment, a minister says.

GM's dealerships open

GM's dealerships open in Bandung, Semarang JAKARTA: PT General Motors Indonesia (GMI) announced last Thursday that it has opened two new Chevrolet dealerships in Bandung and Semarang to further strengthen its customer service outside the Greater Jakarta area. Both dealerships offer sales, service and spare parts services operated by two different companies.

Officials blamed for deforestation in Leuser

Officials blamed for deforestation in Leuser Apriadi Gunawan, Medan An official of the Leuser Management Unit (UML), which manages the Leuser Ecosystem area, has stated that 25 percent of the vast 2.6-million-hectare area has been deforested. UML's project director M. Ali Basyah said on Thursday, the deforestation had encompassed several regencies, including Karo and Langkat in North Sumatra province, and Southeast Aceh, South Aceh and East Aceh in Nanggroe Aceh Darussalam.

JP/13/APEC

JP/13/APEC APEC transport ministers wrap up 4th meeting Wahyoe Boediwardhana Nusa Dua, Bali The fourth meeting of the APEC Transportation Ministerial Meeting concluded on Friday, with a joint statement setting out the efforts that will be taken to tighten security and raise safety standards for transportation systems in the region.

;JP;TON;

;JP;TON; ANPAf..r.. Rupiah-conversion-rates Rupiah Rates June 29 JP/13/Conver Rupiah Rates June 29 Bank notes rates Selling Buying Australian dollar 1 6,024.64 6,727.16 Brunei dollar 1 5,004.06 5,586.80 Canadian dollar 1 6,491.99 7,247.63 Swiss franc 1 6,776.27 7,563.98 Danish krone 1 1,401.08 1,564.61 Euro 1 10,418.13 11,629.45 Poundsterling 1 15,755.42 17,584.84 Hong Kong dollar 1 1,107.09 1,235.46 Japanese yen 100 7,733.99 8,633.51 Norwegian krone 1 1,233.66 1,377.51 New Zealand dollar 1...

Govt plans to limit shrimp imports

Govt plans to limit shrimp imports Zakki P. Hakim, Jakarta The Ministry of Industry and Trade unveiled proposals on Thursday to tighten up the rules on shrimp imports, particularly from countries affected by U.S. antidumping tariffs. The proposed measures will focus on restricting imports to those undertaken by shrimp processing companies, and requiring the importers to have certificates of origin for the imported shrimp, according to a document presented during a seminar on the issue.

Nissan Serena back in town with more features

Nissan Serena back in town with more features Novan Iman Santosa Jakarta Automobile enthusiasts surely remember a smart multipurpose van (MPV) during the late 1990s that looked like it was one step ahead of everything else on the market, without much competition to face. The Nissan Serena was first introduced in 1996, although it was only around for two years.

Jakarta New Port built to boost 'competitiveness'

Jakarta New Port built to boost 'competitiveness' Damar Harsanto, Jakarta Jakarta Governor Sutiyoso claimed that Jakarta New Port in East Ancol, North Jakarta, would not affect the operations of two container terminals in the adjacent Tanjung Priok Harbor. "The reason we are building the new port is to boost competitiveness between both ports. The Tanjung Priok operator charges high fees, but the vessels queue for days," he said on Thursday.

*Jakarta New Port built to boost 'competitiveness' Page 2

*Jakarta New Port built to boost 'competitiveness' Page 2 *Bayut Bay tests show high mercury levels Page4 *Police query 12 men over killing of campaign leader Page 5 *Imprinting RI brand via creative marketing Page 7 *'Bajaj' outmaneuvered by deer on wheels Page 8 *Different Tyson prepares for latest comeback fight Page 10 *Kerry win would leave Blair 'looking lonely' Page 12 *Government officially cuts import tax from China Page 13 *Mini-movies in a minimalist matrix Page 18

Oil prices high, worries loom in RI

Oil prices high, worries loom in RI The Jakarta Post, Jakarta Oil prices remained high on Thursday but fell from record peaks, reviving fears over a ballooning fuel subsidy and widening state budget deficit. Reuters reported that oil prices fell after Russia's justice ministry said it was not seeking to halt production by oil giant Yukos. U.S. light crude lost 40 U.S.

Former U.S. hostage testifies in RP

Former U.S. hostage testifies in RP PHILIPPINES: An American missionary kidnapped and held for more than a year by Moro militants in the Philippines testified against her suspected former captors on Thursday in an emotional return to the country.

Budget airlines to have staying power in Asia

Budget airlines to have staying power in Asia Associated Press Jakarta Budget airlines will survive in Asia as long as they have adequate capital and are treated fairly by regional governments and airports, U.S. Transportation Secretary Norman Mineta said on Thursday.

APEC ministers wrap up Bali meet

APEC ministers wrap up Bali meet Wahyoe Boediwardhana, Nusa Dua, Bali The fourth meeting of the APEC Transportation Ministerial Meeting concluded on Friday, with a joint statement setting out the efforts that will be taken to tighten security and raise safety standards for transportation systems in the region.

Govt changes Permata sale plan

Govt changes Permata sale plan Rendi A. Witular, Jakarta The government plans to allocate a 51 percent stake in Bank Permata to strategic investors in the upcoming divestment process, rejecting a request from several investors who want the government to allocate them up to a 71 percent stake.

Part 1 of 2

Part 1 of 2 Imprinting RI brand via creative marketing Michael J. Webdell Jakarta 2. Pro -- The electronic money revolution 1 x 48 Electronic money, a revolution of global economy Robert J. Shiller Project Syndicate 3. Eleane -- To sell well in China, one must know faces 2 x 21 To sell well in China, one must know faces Eleanor S. Modesto Jakarta

Chang Fee Ming's watercolors set a new standard

Chang Fee Ming's watercolors set a new standard Carla Bianpoen, Contributor/Jakarta Chang Fee Ming's Mekong Series in watercolor, pen and ink will open at the Galeri Nasional on Aug. 2, officiated by the Indonesian ambassadors to those countries through which the Mekong flows, along with art lover tycoon Jusuf Wanandi.

Muhammadiyah launches book

Muhammadiyah launches book YOGYAKARTA: In a bid to help accelerate democratization in Indonesia, the country's second largest Muslim organization, Muhammadiyah, launched on Thursday a civics textbook. The book, titled Civic Education, will be mandatory for students at Muhammadiyah universities across the nation. It was launched by Muhammadiyah chairman Ahmad Syafii Maarif here.

;JP;TON;

;JP;TON; ANPAf..r.. Rupiah-conversion-rates Rupiah Rates June 29 JP/13/Conver Rupiah Rates June 29 Bank notes rates Selling Buying Australian dollar 1 6,024.64 6,727.16 Brunei dollar 1 5,004.06 5,586.80 Canadian dollar 1 6,491.99 7,247.63 Swiss franc 1 6,776.27 7,563.98 Danish krone 1 1,401.08 1,564.61 Euro 1 10,418.13 11,629.45 Poundsterling 1 15,755.42 17,584.84 Hong Kong dollar 1 1,107.09 1,235.46 Japanese yen 100 7,733.99 8,633.51 Norwegian krone 1 1,233.66 1,377.51 New Zealand dollar 1...

And the winner is

And the winner is Indonesia's transformation to democracy in a few short years has been described as nothing short of amazing. Fears after the secession of East Timor in 2002 that the vast archipelago of the world's fourth most populous nation would fall apart under the pressures and promises of the ballot box have proved unfounded.

Lippo to build shopping mall

Lippo to build shopping mall JAKARTA: Publicly listed property firm PT Lippo Karawaci announced on Thursday plans to build a shopping and recreational center in Malang, East Java. The firm said in a statement that the four-story, 47,500- square-meter Malang Town Square (Matos) would be built on 18,000 square meters of land on Jl. Veteran, with a total of about 791 stores. It is scheduled to open mid-July next year.

Files on fraud suspects finished

Files on fraud suspects finished JAKARTA: The National Police said on Thursday the case files on the eight suspects in the Rp 1.7 trillion Bank Dagang Bali (BDB) and Asiatic Bank scandal had been submitted to the Jakarta Prosecutor's Office. The director of the National Police's fraud unit, Brig. Gen.

Papuans need democracy not separatism

Papuans need democracy not separatism Andri Hadi, Jakarta Efforts by certain quarters, within and outside Indonesia, to question the decolonization process in Papua gain a momentum by the declassification of restricted documents in the U.S. recently. The documents portray the 1969 "Act of Free Choice" (AFC) as a sham, among others because it excluded most Papuans (The Jakarta Post, July 16, 2004).

11 villages still not functioning

11 villages still not functioning BANDA ACEH, Aceh: Eleven out of 5,947 subdistrict governments in Aceh are still not functioning, three months after martial law was lifted in the troubled province. Sr. Comr. Anjaya, the deputy chief of the civil emergency administration, said that they were not functioning because the subdistricts were abandoned by public servants and residents due to fears of clashes.

JP/5/FOCUS

JP/5/FOCUS 160 houses damaged in Medan after storm MEDAN, North Sumatra: A storm hit Medan municipality and the neighboring regency of Deli Serdang here for two hours on Wednesday night, damaging some 160 houses. Several houses were damaged after their roofs were ripped off in gale-force winds, while others were damaged by falling trees. No fatalities were reported. -- JP

2 x 26

2 x 26 Police grill 12 men over killing of campaign leader JP/5/BRIDGE 3 x 18 W. Java govt vows tighter control of weigh stations JP/5/LEUSER 1 x 44 Officials blamed for deforestation in Leuser

Megawati meets Olympiad winners

Megawati meets Olympiad winners JAKARTA: President Megawati Soekarnoputri received on Thursday the Indonesian students who earned medals at last week's Physics Olympiad in Pohang, South Korea. "The President told us to return to Indonesia after finishing our schooling abroad. I would want to return home if I could get a proper job," said Yudhistira Firgus, who won Indonesia's sole gold medal at the Olympiad.

Software producers praise govt for piracy decline

Software producers praise govt for piracy decline Tony Hotland, Jakarta An international association of software producers gave some rare praise on Thursday to the Indonesian government after a study showed a small decline in the country's piracy rate in 2003.

Assets, border issues await RI's envoy to E. Timor

Assets, border issues await RI's envoy to E. Timor Fabiola Desy Unidjaja, Jakarta Newly installed Ambassador Ahmed Bey Sofwan said assets, reconciliation and border issues would be high on his agenda as the country's first envoy to East Timor. "I would like to focus on reconciliation between East Timorese living in that country and those who still live in West Timor," Ahmed said after his installment ceremony on Thursday.

On abstentions

On abstentions From Media Indonesia It really is ungentlemanly for a number of those belonging to the country's political elite to encourage their followers not to vote in the second round of the presidential election. This is especially true when such a call is made on the grounds that neither of the two candidates to compete in the second round of the election is "proper" in terms of the Islamic moral perspective and the interests of Muslims.

JP/5/FOCUS

JP/5/FOCUS Police question Greek skipper over oil spill BALIKPAPAN, East Kalimantan: East Kalimantan Police questioned on Wednesday and Thursday a Greek national identified as Michael, the skipper of MT Panos G, the tanker that has allegedly polluted Balikpapan's easternmost beach. Sr. Comr. I Wayan Tjatra, the speaker of East Kalimantan Police, said that Michael was being questioned as a suspect in the case.

Indonesian beauty in a 'jilbab'

Indonesian beauty in a 'jilbab' Beauty pageants around the world have been graced typically by trim, tall girls with waving long tresses, in an array of minimalist costumes or skintight outfits. Against this backdrop, 20-year-old Andina Agustina's entrance among the 35 other finalists of the Puteri Indonesia 2004 pageant stunned and, at the same time, awed the dozens of reporters covering the annual competition on Wednesday. "Wow, one of them is in a jilbab," a reporter remarked.

BASF clarifies

BASF clarifies PT BASF Indonesia would like to clarify issues raised in a news report, Hospitals, firms accused of polluting rivers, that appeared on page 8 of the July 26 edition of The Jakarta Post: As the world's largest chemical company, BASF is committed to Responsible Care, which includes environmental protection as one of its principles.

Police grill 12 men over killing of campaign leader

Police grill 12 men over killing of campaign leader ID Nugroho, Jember Police continued questioning 12 men on Thursday over the killing of the local campaign team chairman for presidential candidate Susilo Bambang Yudhoyono in Jember regency, East Java. The killing last Tuesday night of Dodik Setyono, also known as Sugiyono, may have had a political message ahead of the Sept. 20 election runoff between Susilo and incumbent Megawati Soekarnoputri, the victim's family and friends have alleged.

'Teaching by example is best'

'Teaching by example is best' Children are supposed to receive education and protection from their families, the society and the state. In observance of National Children Day, which falls on July 23, The Jakarta Post asked some people their thoughts on children's rights. Onny, 33, works as an event organizer for a sports association in Senayan, South Jakarta.

160 houses damaged in Medan after storm

160 houses damaged in Medan after storm MEDAN, North Sumatra: A storm hit Medan municipality and the neighboring regency of Deli Serdang here for two hours on Wednesday night, damaging some 160 houses. Several houses were damaged after their roofs were ripped off in gale-force winds, while others were damaged by falling trees. No fatalities were reported. -- JP

Part 1 of 2: Imprinting RI brand via creative marketing

Part 1 of 2: Imprinting RI brand via creative marketing Michael J. Webdell , Jakarta As an American who has been involved with Indonesia since 1996, I am a bit embarrassed to say that a majority of Americans know little to nothing about Indonesia. To the contrary, Indonesians know a lot about America -- superficially speaking. I say superficially because for the most part Indonesian knowledge of America comes from the media: Newspaper, film, television, and music.

Wiranto challenges election result

Wiranto challenges election result The Jakarta Post, Jakarta/Bandung Wiranto and running-mate Solahuddin Wahid filed a complaint with the Constitutional Court on Thursday, claiming that they lost 3.4 million votes due to inaccuracies and inconsistencies in vote- counting after the July 5 election. They also requested a judicial review of a General Elections Commission (KPU) ruling declaring double-punctured ballots valid.

Law enforcers must fight violence

Law enforcers must fight violence From Bisnis Indonesia There have been more bombings in the country, killing and injuring innocent people. The most agonizing example was the recent explosion in Palu, which killed a minister while he was worshiping with his congregation. It is not clear whether these violent acts are criminal or have been prompted by different motives, as reported in the media, though the government has strived to restore peace and prevent any provocation.

1. PUTRI 1x30

1. PUTRI 1x30 Kerry daughters in the spotlight 2. ANDIN 1x33 Indonesian beauty in a 'jilbab' 3. GUESS1 1x30 Zeta-Jones testifies on threats 4. GUESS2 1x30 Hoffman, a hero to bee sting victim

Buyat Bay tests show high mercury levels

Buyat Bay tests show high mercury levels Abdul Khalik and Fitri Wulandari, Jakarta Water consumed by residents living near Buyat Bay in North Sulawesi, where U.S.-based PT Newmont Minahasa Raya has a mine, contained higher mercury levels than normal, a laboratory test confirmed on Thursday.

W. Java govt tighter control of weigh stations

W. Java govt tighter control of weigh stations Nana Rukmana, Cirebon West Java Governor Danny Setiawan has promised that his administration will closely supervise vehicles traveling along the north coast highway and immediately ensure that weighing stations are operating as they should be. Personnel manning the stations must be more professional, and not corrupt in performing their duties, said Danny in Cirebon.

JP/5/FOCUS

JP/5/FOCUS SAR team still searching for missing fishermen BREBES, Central Java: A Search and Rescue Team (SAR) in Brebes regency, Central Java are still searching for at least 10 fishermen who were reported missing on Wednesday by their families. The search began soon after the police personnel received the report, director of the water directorate at the West Java Police, Adj. Sr. Comr. Abdul Gafur, said on Thursday.

Axed PABBSI insists on handling bodybuilding

Axed PABBSI insists on handling bodybuilding Eva C. Komandjaja and Moch. N. Kurniawan, Jakarta The Indonesian Weightlifting, Powerlifting and Bodybuilding Association (PABBSI), which has been refused any further affiliation with the International Bodybuilding Federation (IBBF), is adamant that it will continue to handle the sport, despite the likelihood that its athletes will not be able to compete internationally.

Ba'asyir charged with Marriott blast

Ba'asyir charged with Marriott blast Abdul Khalik, Jakarta While unable to implicate Abu Bakar Ba'aysir in the Bali bombings, the National Police said on Thursday they would charge the Muslim cleric with involvement in the 2003 JW Marriott Hotel attack in Jakarta, to keep him in custody. National Police chief of detectives Comr. Gen.

S'pore aid sought in BNI case

S'pore aid sought in BNI case Dadan Wijaksana, Jakarta Indonesia's antimoney-laundering agency expected its Singaporean counterpart to be more cooperative in its investigation into the Bank Negara Indonesia (BNI) case, upon learning that some of the ill-gotten funds had been channeled to several banks in the city- state.

Govt officially cuts import tax from China

Govt officially cuts import tax from China Zakki P. Hakim, Jakarta The Ministry of Finance has issued two decrees to cut import tariffs on agricultural products from China as part of early measures to implement a free trade agreement between the Association of Southeast Asian Nations (ASEAN) and the world's most populous nation. The decrees are Ministerial Decree No. 255/KMK.01/2004 and Ministerial Decree No 356/KMK.01/2004, which took effect on July 21.

New 'bajaj' scorned as city falls for mousy deer on wheels

New 'bajaj' scorned as city falls for mousy deer on wheels After transporting Jakartans for nearly three decades, the city's bajaj will begin disappearing from the streets over the next few days. The city administration is determined to phase out the Indian-made bajaj in favor of locally made kancil (mini-taxi, literally means "mouse deer" in Bahasa Indonesia).

Danamon signs deal with UT

Danamon signs deal with UT JAKARTA: Bank Danamon signed on Thursday an agreement with heavy equipment firm PT United Tractors to allow consumers to benefit from investment loans from the bank for the purchase of the latter's products. A statement from both firms said the agreement was signed by Danamon's president Francis A Rozario and United Tractors' president Hagianto Kumala.

Bintaro hospital responds

Bintaro hospital responds We refer to a letter from Walter Wildner that appeared in The Jakarta Post on July 20. Bintaro International Hospital would appreciate an opportunity to respond to his queries and to clarify as follows: * Our company believes it is unacceptable to discriminate against foreign patients, therefore our policy is a single fee rate for all patients, foreign or local. * The fee for wisdom tooth extraction charged for Wildner's daughter is the current rate for this procedure.

Malaysian police kill three Indonesians

Malaysian police kill three Indonesians MALAYSIA: Malaysian police shot and killed three Indonesian men who were high on the wanted list during a predawn shootout in the southern Johor state, news reports said on Thursday. The incident, in which no police officers sustained injuries, was sparked when the suspects, who were traveling in a car, tried to outrun a police vehicle after realizing they were being tailed.

Danamon signs deal with UT

Danamon signs deal with UT JAKARTA: Bank Danamon signed on Thursday an agreement with heavy equipment firm PT United Tractors to allow consumers to benefit from investment loans from the bank for the purchase of the latter's products. A statement from both firms said the agreement was signed by Danamon's president Francis A Rozario and United Tractors' president Hagianto Kumala.

JP/5/D06

JP/5/D06 Sugar mafia behind smuggling in North Sumatra: Coalition Apriadi Gunawan, Medan The North Sumatra People's Transparency Coalition has said that an eight-member mafia is behind the large-scale smuggling of sugar through the Tanjung Balai and Belawan ports. The coalition, comprising eight non-governmental organizations, said the mafia had been operating in North Sumatra for a long time virtually undisturbed by the authorities.

Envoys deny meddling in presidential election

Envoys deny meddling in presidential election Fabiola Desy Unidjaja and Novan Iman Santosa, Jakarta Japan and the United States dismissed on Thursday accusations that they had interfered with Indonesia's general election, asserting their readiness to cooperate with the next Indonesian government. Japanese Ambassador Yutaka Iimura said his country would stay neutral and was happy to work with whoever is democratically elected in the upcoming presidential election.

A step forward, a step back

A step forward, a step back By annulling Law No. 16/2003 on retroactivity of the Antiterrorism Law last Saturday, the Constitutional Court put the nation one step back in its fight against terrorism -- and took it one step closer to establishing a viable, working democracy.

1. WIRANTO: 1 LINE, 25 COUNTS

1. WIRANTO: 1 LINE, 25 COUNTS Wiranto challenges vote result 2. ENVOY: 3 LINES, 16 COUNTS Assets, border issues await RI's envoy to E. Timor 3. PORT: 2 LINES, 24 COUNTS Jakarta New Port built to boost 'competitiveness'

City kids forced to eat on way to school

City kids forced to eat on way to school Dewi Santoso, Jakarta The hectic city life in Jakarta has forced more and more people to resort to a simple and easy-to-grab breakfast, as they dare not arrive late at school or the office. Five-year-old Michael, who lives in Pantai Mutiara in North Jakarta, has a glass of milk and two slices of toast and jam in his car every morning on the way to kindergarten.

Police chief fired over VCD affair

Police chief fired over VCD affair Abdul Khalik and Agus Maryono, Jakarta/Banjarnegara In an apparent demotion, the National Police have transferred the Banyumas, Central Java, Police chief, Sr. Comr. Andi Mapparesa, to a desk job for giving a speech supporting President Megawati Soekarnoputri's bid for reelection. Andi had violated an order by National Police chief Gen.

Riau terror suspect gets six years

Riau terror suspect gets six years PEKANBARU, Riau: A panel of judges at the Pekanbaru District Court sentenced on Thursday Sudigdoyo, alias Maryoto, to six years in prison for harboring alleged Malaysian terrorists Dr. Azhari and Noordin Mohd. Top. Presiding judge Sumantri said the accused was found to have assisted the two international terror suspects in renting a house in the Delima Puri housing complex in Sidomulyo subdistrict, Tampan district, Pekanbaru.

Access to low-cost public housing

Access to low-cost public housing From Koran Tempo With reference to a letter titled Rumah rakyat (public housing), published in Koran Tempo on July 22, we would like to clarify the matter as follows: The Jakarta administration has shown its concern over the need to help Jakarta residents who have difficulty securing a house or apartment due to financial problems.

BRI first half profit may rise by 36% on lower cost

BRI first half profit may rise by 36% on lower cost Rendi A. Witular, Jakarta Publicly listed Bank Rakyat Indonesia (BRI), the nation's fourth largest bank in terms of assets, said that net profit in the first half of this year is estimated to rise by more than 36 percent from the same period of last year, due mostly to the lower cost of funds.

2. 1x27

2. 1x27 Ba'asyir charged with Marriot blast 3. 2x21 Envoys deny meddling in presidential election

S&P affirms RP "BB" rating

S&P affirms RP "BB" rating MANILA: International rating outfit Standard and Poor's (S&P) said Thursday it is affirming the Philippines's "BB" long-term foreign currency rating, while downgrading its long-term local currency rating a notch to "BBB minus". The decision to affirm the long-term foreign currency rating takes into account the Philippines' continued satisfactory external liquidity position, underpinned by the stable inflow of overseas remittances, it said in a statement. -- AFP

Mega to open Science Olympics

Mega to open Science Olympics PEKANBARU, Riau: President Megawati Soekarnoputri is slated to open the National Science Olympics to be held here from Aug. 24 to Aug. 28. "We have received confirmation (of her attendance)," head of the provincial education office, Prof. Tengku Dahril, who also heads the event's organizing committee, said on Thursday. An exhibit, a symposium and performances will also be held in conjunction with the science Olympics, he added. -- Antara

RI names judges for corruption court

RI names judges for corruption court Fabiola Desy Unidjaja and Muninggar Sri Saraswati, Jakarta President Megawati Soekarnoputri has signed a decree establishing the country's ad hoc corruption court, paving the way for the speedy trial of corruption cases handled by the Corruption Eradication Commission (KPK). The President also issued a decree appointing three non-career judges to the corruption court, an associated appeals court and the Supreme Court respectively. According to Decree No.

MPR session slated for September

MPR session slated for September JAKARTA: The last annual session of the People's Consultative Assembly (MPR) for the 1999-2004 period is scheduled to take place from Sept. 23 to Sept. 26. An Assembly working committee member, Baharuddin Aritonang, said on Thursday that during the session the body would hear progress reports from President Megawati Soekarnoputri, the speaker of the House of Representatives and the heads of other state institutions.

Stock prices on the Jakarta Stock Exchange (in rupiah) on July 29, 2004

Stock prices on the Jakarta Stock Exchange (in rupiah) on July 29, 2004 Trading Shares Close Change volume Astra Agro Lestari 2,200 -50 1,105,500 Abdi Bangsa Tbk 275 0 0 Asuransi Bina Dana 430 0 0 Andhi Chandra 485 0 0 Ades Alfindo Tbk 1,800 0 0 Adhi Karya 330 0 5,428,000 Adira Dinamika 2,625 25 65,500 GT Petrochem 325 15 571,000 Asuransi Harta Aman 75 0 236,500 Akbar Indo Makmur 85 0 65,000 Tiga Pilar 180 0 10,000 Argha Karya Prima 550 0 0 Aneka Kimia Raya 1,550 -25 10,000 Asia Kapitalindo 270...

Konsuil should be responsible for fires: PLN

Konsuil should be responsible for fires: PLN Leony Aurora, Jakarta State-owned power firm PT PLN says that the National Committee for Safety of Electrical Installation (Konsuil) should be held responsible for fires caused by short circuits within a guarantee period once it begins inspecting new houses.

Honest and professional ministers

Honest and professional ministers From Republika The next president will soon be occupying the office for a five-year term. The president may even be reelected for another term if he or she succeeds in carrying out his or her duties. The government will run well only if the president and the Cabinet work together in an honest and professional manner. That means that all of the ministers will have to be capable in their respective fields.

One step back over Bali

One step back over Bali The tragedy of the Bali bombing demonstrated Australia and Indonesia could rise above a sometimes testy past. Cooperation between investigators was substantial and the prosecutions of the Bali bombers swift and, seemingly, efficient.

Japan to introduce 'koban' to Bekasi

Japan to introduce 'koban' to Bekasi JAKARTA: The Japanese government will introduce koban, or police posts, to Bekasi as part of a pilot project to help strengthen Indonesia's community policing, a Japanese envoy said on Thursday. "The pilot project will provide community police posts with patrol cars, as well as a communication system," Japanese Ambassador Yutaka Iimura said during a discussion organized by the Indonesian Journalists Association.

IPA gets new president

IPA gets new president JAKARTA: The Indonesian Petroleum Association (IPA)'s board of directors named Chris B. Newton the association's new president. Newton replaces Paul Warwick, who recently left Indonesia on a new assignment. Newmont, who is based in Jakarta, is the president and general manager of Santos Asia Pacific and has worked extensively in the oil and gas industry, mainly in upstream operations and business development.

The World Bank Clarifies

The World Bank Clarifies In the July 22 edition of The Jakarta Post, your correspondents write I "dismissed" a demand for debt relief saying "that under no circumstances did Indonesia deserve such debt relief". Under no circumstances, would I make such a statement.

JP/5/FOCUS

JP/5/FOCUS Students accuse regent of corruption JAMBI: Dozens of students descended on Jambi Police headquarters on Wednesday, demanding that police investigate Sarolangun regent H.M. Madel over the misappropriation of funds in a construction project. Nurbaya Zulhakim, the coordinator of the protest, said that the protest was based on the finding by the students that the regent had misappropriated funds in the construction of a Rp 3.8 billion (US$ 400,000) pontoon bridge in the regency.