Indonesian Political, Business & Finance News

Archive: 17 September 2004

77 articles found

Puma new partner of Ferrari F1 team

Puma new partner of Ferrari F1 team JAKARTA: Sports apparel maker Puma AG and Ferrari Spa have announced a multiyear contract that will take effect next year, according to a media release here on Thursday.

Judges overseeing the 'Tempo' case

Judges overseeing the 'Tempo' caseSoeripto The criminal libel prosecution against the journalists of Tempo magazine is the first high-profile case presided over by Judge Soeripto since he was appointed to the Central Jakarta District Court last year.Born Nov.

91 foreigners rounded up, 5 arrested

91 foreigners rounded up, 5 arrestedEvi Mariani, The Jakarta Post/Jakarta An joint antidrug operation between the Jakarta Police, Jakarta Provincial Narcotics Agency (BNP), Jakarta Immigration Office and the city administration was unsuccessful in arresting foreign drugs suspects on Thursday.

1. FDI: 1 x 28

1. FDI: 1 x 28 Embassy bombing will affect FDI 2. Rupiah (4 x 7) Rupiah up on hopes of smooth election 3: Cepu (1 x 34) Govt, expert at odds over Cepu impact

Antam shuts down production unit

Antam shuts down production unit State-owned mining company PT Aneka Tambang (Antam) announced on Thursday that it had temporarily closed down its ferronickel factory for a scheduled maintenance, causing the company's production to decline by 10 percent this year.

Rupiah up on hopes of smooth election

Rupiah up on hopes of smooth electionZakki P. Hakim, The Jakarta Post/Jakarta The rupiah closed at a fresh nine-week high on Thursday as investors are increasingly confident that the upcoming presidential election will run smoothly.The U.S.

Army of secret informers needed

Army of secret informers needed The Sept. 9 bomb explosion in front of the Australian Embassy in Jakarta, could have been prevented if the police and the intelligence services, had an army of secret informers, who are well-paid and full-time, not doing the job as a pastime or amateurs.

Maternal mortality rate down, observers say more work needed

Maternal mortality rate down, observers say more work neededDewi Santoso, The Jakarta Post/Jakarta While the current trend of maternal mortality rate (MMR) shows a decreasing pattern, it may be difficult for Indonesia to achieve the target of MMR of around 125 per 100,000 births set by the United...

No. Year District Defendant Plaintiff Damages/Sentence Notes

No. Year District Defendant Plaintiff Damages/Sentence Notes Court 1. June 2003 C. Jakarta PT Tempo Tomy Winata Rp 120 billion Tempo wins civil case Inti Media (US$14.6 million) based on Taufik statement saying that Tomy owned entertainment spots2. 2003 C.

Spy planes to patrol Australia

Spy planes to patrol AustraliaMichelle Nichols, Reuters/Wentworth, Australia Unmanned spy planes will patrol Australia's remote offshore oil and gas resources and rail networks will have extra security under new campaign pledges made on Thursday ahead of the Oct. 9 election.

Driver killed in quarrel

Driver killed in quarrel JAKARTA: JP, a driver's assistant on a public bus plying the Kampung Melayu-Senen route, was arrested by the police for stabbing driver Robert Situngkir to death early on Thursday.

Antiterror efforts must go on

Antiterror efforts must go onFrom Koran TempoNo country in the world is now free from the challenge and threat of global terrorism, but ironically Indonesia, as a frequent target of terrorist acts, has deprived itself of a legal mechanism to seize and punish the culprits.

Protesters demand speedy graft probe

Protesters demand speedy graft probe BANDUNG: Some 500 people staged a protest on Thursday in front of the West Java Prosecutor's Office, demanding the prosecutors to speed up investigations into a Rp 33.4 billion (US$3.6 million) graft, allegedly committed by the West Java councillors.

Tangerang worried on drug abuse at school

Tangerang worried on drug abuse at schoolMulta Fidrus, The Jakarta Post/Tangerang The Tangerang municipal administration is concerned about the apparent rise in drug use at high school level and fears it is connected with drugs smuggled through the area's Soekarno-Hatta International Airport.

Over 100 get suspected 'food poisoning' in Batam

Over 100 get suspected 'food poisoning' in BatamFadli, The Jakarta Post/Batam Over 100 employees of a contact lens factory in Batam were admitted to hospital on Thursday, allegedly for food poisoning. Deputy director of Batam Authority Hospital Afdalun A.

RI needs borrowing strategy

RI needs borrowing strategyTony Hotland, The Jakarta Post/Jakarta The government must establish a "country borrowing strategy" and improve the distribution mechanism of foreign loans to regional administrations to ensure the efficient and effective use of the loans in the future.

'Too bad victims were Indonesians'

'Too bad victims were Indonesians' The police are searching for the perpetrators of last week's bombing at the Australian Embassy in Kuningan, South Jakarta, which killed at least nine people and injured more than 180 others.

Walking on eggshells at Hanoi meet

Walking on eggshells at Hanoi meetPravit Rojanaphruk, The Nation, Asia News Network, Bangkok True to one of the slogans in the competition for readers of Vietnam's Economic Times newspaper to describe the country, last week's Fifth Asia-Europe People's Forum (ASEM V) held in Hanoi, was "beyond...

Bomb hoax scatters Manggala Wanabakti

Bomb hoax scatters Manggala Wanabakti JAKARTA: Tenants of the Manggala Wanabakti office complex in Central Jakarta hurriedly exited the buildings after a bomb threat was received at about 11 a.m. on Thursday.

Mega's supporters defy law, run wild in streets

Mega's supporters defy law, run wild in streetsThe Jakarta Post, Jakarta/Bandung/Mataram Thousands of supporters of President Megawati Soekarnoputri hit the streets of the capital on Thursday, ignoring strict rulings issued by the General Elections Commission (KPU) that ban outdoor campaigning.

Umar Juoro

Umar Juoro Jakarta2. Bando -- The pace of ASEM 2 x 30 ASEM moves at a snail's pace to achieve concrete progress Bantarto Bandoro Jakarta

In symbolic gesture, OPEC to increase production target by 1m

In symbolic gesture, OPEC to increase production target by 1m barrels later this yearMatt Moore, Associated Press, Vienna OPEC defended its decision to increase its oil production target by 1 million barrels a day later this year, despite criticism that the move was more symbolic than significant...

Political elites' maneuvers

Political elites' maneuversFrom Bali PostIt is quite interesting to witness how political leaders are maneuvering through the so-called national coalition and coalition with the people, and the employment of various tricks and psywars in order to achieve their goals -- serving their interests and...

ASEM Summit must not fail: KL

ASEM Summit must not fail: KL MALAYSIA: The Association of Southeast Asian Nations (ASEAN) will not object a lower-level Myanmar delegation to the Asia-Europe (ASEM) summit in Vietnam because it does not want it to fail, Malaysian Foreign Minister Syed Hamid Albar said on Thursday.

Susilo-Kalla pairing gets reformist backing

Susilo-Kalla pairing gets reformist backingTiarma Siboro and Ridwan Max Sijabat, The Jakarta Post/Jakarta A number of national figures, grouped in the newly launched Cultural Movement for Reform, signed a declaration on Thursday to support the Susilo-Kalla ticket in the upcoming presidential runoff.

Fire kills mother, four children

Fire kills mother, four childrenPuji Santoso, The Jakarta Post/Pekanbaru A 30-year-old mother and her four children were killed early Thursday when a fire razed their home in Siak regency, Riau province, residents and police said.

Haze returns to Pekanbaru

Haze returns to Pekanbaru PEKANBARU, Riau: Haze returned on Thursday to the skies of Pekanbaru, raising concern over new breathing problems spreading in the city.Pekanbaru Deputy Mayor Erwandy Saleh said that the quality of the air in the city was poor.

Govt, expert at odds over impact of Cepu contract

Govt, expert at odds over impact of Cepu contractThe Jakarta Post, Jakarta The government sees no problem with Pertamina's decision not to extend ExxonMobil's contract on the Cepu block, but an expert warned on Thursday that the decision would further hurt the country's investment climate.

Embassy bombing will affect FDI

Embassy bombing will affect FDIThe Jakarta Post, Jakarta Amid reports of a continuing slump in foreign direct investment (FDI), Indonesia is in for even gloomier prospects after the recent Australian Embassy bomb attack, according to Indonesian-Australian Business Council chairman Noke Kiroyan.

Govt, expert at odds over impact of Cepu contract

Govt, expert at odds over impact of Cepu contract The Jakarta Post, Jakarta The government sees no problem with Pertamina's decision not to extend ExxonMobil's contract on the Cepu block, but an expert warned on Thursday that the decision would further hurt the country's investment climate.

BI to seek IMF help in monitoring banks

BI to seek IMF help in monitoring banksTony Hotland, The Jakarta Post/Jakarta The central bank is currently making preparations to join an International Monetary Fund and World Bank-sponsored program to monitor the country's banking sector.

Nationalist sentiment in business judgment

Nationalist sentiment in business judgmentUmar Juoro, Jakarta The strong criticism of several politicians, domestic bankers and observers over the decision of the Ministry of Finance and the State Assets Management Company (PPA) to drop large domestic state banks from the second stage of bidding...

BII to acquire motorcycle financing firm WOM

BII to acquire motorcycle financing firm WOMThe Jakarta Post, Jakarta In a bid to cope with the growing competition in the country's banking sector, publicly listed Bank Internasional Indonesia (BII) plans to acquire a controlling stake in motorcycle financing firm PT Wahana Ottomitra Multiartha...

ASEM moves at a snail's pace to achieve concrete progress

ASEM moves at a snail's pace to achieve concrete progressBantarto Bandoro, Jakarta The fifth Asia-Europe Meeting (ASEM) summit will be held from Oct. 8 to Oct. 9 in Hanoi, and almost all member countries have confirmed their participation.

* Marriott bombing accomplice gets 12 years Page 2

* Marriott bombing accomplice gets 12 years Page 2 * Panwaslu clears quiz of electioneering, demands its halt Page 4 * Fire kills mother, 4 children Page 5 * Nationalist sentiment in business judgment Page 6 * Antidrug joint operation unable to arrest any suspects Page 8 * Roma bloodshed clouds...

Police arrest eight over embassy bombing

Police arrest eight over embassy bombingThe Jakarta Post Jakarta/Surabaya/MadiunPolice announced on Thursday that they had arrested at least eight people allegedly linked to last week's deadly blast outside the Australian Embassy in Jakarta, which killed 10 people and injured over 180 others.

Basic-needs approach

Basic-needs approach There were few new policies revealed during the two separate question-and-answer sessions held with presidential candidates Megawati Soekarnoputri and Susilo Bambang Yudhoyono and a panel of four economists on Wednesday evening.

32 teams to take part in BNI Cup

32 teams to take part in BNI Cup JAKARTA: Thirty-two teams from state enterprises, government offices and private firms confirmed on Thursday they would take part in the two-day tennis BNI Cup starting on Saturday.

Russia, RI sign info agreement

Russia, RI sign info agreement JAKARTA: Russia and Indonesia signed a bilateral agreement on mutual protection of classified information here on Thursday.Representing the Russian government was first deputy director of the Russian Federal Security Service Sergei Smirnov, while director general of...

Bringing to justice Malaysian terrorists

Bringing to justice Malaysian terroristsNew Straits Times, Kuala Lumpur The latest terrorist attack in Indonesia is yet another reminder of how real is the threat of terrorism in the region.Despite the gains made by the Indonesian authorities against militant groups since the Bali blasts of October...

The surprise release of leading Malaysian opposition figure

The surprise release of leading Malaysian opposition figure Anwar Ibrahim from jail two weeks ago led to intense speculation about whether he would become active in politics again. The world got its answer yesterday, when Malaysias highest court denied Anwars petition to have a corruption case...

Commerce Asset sells $110m bonds

Commerce Asset sells $110m bonds KUALA LUMPUR: Commerce Asset-Holding Bhd., Malaysia's No. 2 lender by assets, sold US$110 million of bonds convertible into its own shares.The Kuala Lumpur-based lender sold five-year bonds, paying zero percent interest, according to Bloomberg data.

JP/5/FOCUS

JP/5/FOCUSProtesters demand speedy graft probeBANDUNG: Some 500 people staged a protest on Thursday in front of the West Java Prosecutor's Office, demanding the prosecutors to speed up investigations into a Rp 33.4 billion (US$3.6 million) graft, allegedly committed by the West Java councillors.

Stock prices on the Jakarta Stock Exchange (in rupiah) Sept. 16, 2004:

Stock prices on the Jakarta Stock Exchange (in rupiah) Sept. 16, 2004: ----------------------------------------------------------------------------- Shares Close Change Trading Volume ----------------------------------------------------------------------------- Astra Agro Lestari 2,650 25 6,537,000...

Persecution, not prosecution

Persecution, not prosecution The spring of hope, and the winter of despair. These are the mixed emotions that enunciate the prevailing paradox of our present society. On the eve of the high mark of our young democracy, the Central Jakarta District Court yesterday sentenced Tempo chief editor...

Basic-needs approach

Basic-needs approach There were few new policies revealed during the two separate question-and-answer sessions held with presidential candidates Megawati Soekarnoputri and Susilo Bambang Yudhoyono and a panel of four economists on Wednesday evening.

Police arrest eight over embassy bombing

Police arrest eight over embassy bombingThe Jakarta Post, Jakarta/Surabaya/Madiun The National Police announced on Thursday that they had arrested at least eight people allegedly linked to last week's deadly blast outside the Australian Embassy in Jakarta, which killed 10 people and injured over...

Computerized vote-counting to stay

Computerized vote-counting to stay JAKARTA: The General Elections Commission (KPU) will maintain computerized vote counting for the election runoff, despite the opposition from the House of Representatives.

The ideal president

The ideal presidentFrom Suara KaryaThe choice of the next president in the upcoming election runoff should be based on realistic considerations, with emphasis on the candidate's honesty, courage and the will to sacrifice time, energy and even wealth.

Top seed Myskina tumbles, Angie rolls on in Bali

Top seed Myskina tumbles, Angie rolls on in BaliEva C. Komandjaja, The Jakarta Post/Nusa Dua, Bali Top seed Anastasia Myskina was dealt a cruel blow while Angelique "Angie" Widjaja rolled on to the quarterfinals of the Wismilak International Tennis Tournament here on Thursday.

Logging firm threatens to sue Greenpeace

Logging firm threatens to sue GreenpeaceDeutsche Presse Agentur/Kuala Lumpur A Malaysian logging company has threatened to sue Greenpeace over a report slamming its alleged corrupt and destructive activities in the region, the environmental group said on Thursday.

Foreseeing the end of blanket bank guarantee

Foreseeing the end of blanket bank guaranteeFajar Hidayat, Jakarta Starting in February 2007, the government's blanket guarantee on bank deposits and claims will phase out and be replaced with a deposit insurance scheme with a maximum coverage of Rp 100 million (US$10,750) per account.

Netherlands pledges 1.5m euro for polls

Netherlands pledges 1.5m euro for polls JAKARTA: The Dutch government promised on Thursday to donate 1.5 million euro (US$1.7 million) for the upcoming presidential runoff on Sept. 20.The Netherlands, which now sits as the president of the European Union, had earlier awarded 6 million euro to the...

Controversial quiz ordered shut

Controversial quiz ordered shutThe Jakarta Post, Jakarta/Indramayu/Jayapura While not declaring a controversial quiz a violation of campaign regulations, the Election Supervisory Committee (Panwaslu) demanded its halt on Thursday.

ADS SPOTLIGHT -- FRIDAY

ADS SPOTLIGHT -- FRIDAYJP/16/O00 Hotel Borobudur JakartaENJOY JAKARTA: Hotel Borobudur Jakarta hosted a seminar on the role of the Jakarta branch of the Indonesian Association of Hotels and Restaurants (PHRI) in supporting the Enjoy Jakarta campaign on Sept. 16.

OPEC to increase production target by 1m barrels

OPEC to increase production target by 1m barrelsMatt Moore, Associated Press, Vienna OPEC defended its decision to increase its oil production target by 1 million barrels a day later this year, despite criticism that the move was more symbolic than significant given the cartel has been exceeding...

JP/5/POWER

JP/5/POWERConserve energy: Best solution for power crisis at the momentRiza Mulyadi, Antara/Padang Many people have blamed nature for the prolonged electricity crisis in West Sumatra. This is a sensible conclusion.

1. BI (1x39)

1. BI (1x39) BI to seek IMF help in monitoring banks 2. Bank (4x14) BII to acquire motorcycle financing firm WOM 3. Antam (1x30) Antam shuts down production unit

World pool champ battles Indonesians in exhibition

World pool champ battles Indonesians in exhibitionThe Jakarta Post, Jakarta World pool champion Alex Pagulayan of Canada promised to give his best in his exhibition matches against a number of Indonesia's top billiard players scheduled to run from Sept. 16 to Sept. 20.

Govt urged to go all out for extradition treaty with S'pore

Govt urged to go all out for extradition treaty with S'poreAdianto P. Simamora, The Jakarta Post/Jakarta Indonesian legislators renewed their calls for the government to expedite efforts to establish a long-awaited extradition treaty with Singapore.

JW Marriott bombing accomplice gets gets 12 years

JW Marriott bombing accomplice gets gets 12 yearsLeony Aurora, The Jakarta Post/Jakarta The South Jakarta District Court has found defendant Ismail, alias Muhammad Ikhwan alias Agus, guilty of involvement in the JW Marriott Hotel bomb attack on Aug.

Broadcasting guidelines

Broadcasting guidelinesFrom Bisnis Indonesia On Aug. 30, the Indonesian Broadcasting Commission (KPI) launched its broadcasting standards and guidelines. The KPI is an independent state institution, with the obligation to arrange matters pertaining to broadcasting.

Spincity offers sport and relaxation

Spincity offers sport and relaxationA. Junaidi, The Jakarta Post, Jakarta The newly opened Spincity recreation center, at e.x. (Entertainment Xnter) next to Plaza Indonesia, Jl. Thamrin, Central Jakarta, is a pleasant gathering spot for people who want to enjoy quality time with family or have fun...

;JP;REN;

;JP;REN; ANPAf..r.. Rupiah-conversion-ratesRupiah Rates Sept. 16 JP/13/ConverRupiah Rates Sept. 16 Bank notes rates Selling Buying Rp Rp Australian dollar 1 6,695.82 5,994.61 Brunei dollar 1 5,686.55 5,093.19 Canadian dollar 1 7,414.72 6,637.88 Swiss franc 1 7,570.12 6,778.49 Danish krone 1 1,570.

Activists on trial for 'defaming President'

Activists on trial for 'defaming President'Andi Hajramurni, The Jakarta Post/Makassar The Makassar District Court began hearing on Thursday the case of six student and labor activists charged with insulting President Megawati Soekarnoputri during a protest in April.

Toyota may build Malaysian plant

Toyota may build Malaysian plant KUALA LUMPUR: Japanese auto giant Toyota Motor Corp. is planning to build an assembly plant in a Malaysian town bordering Thailand as part of its expansion plans, a report said on Thursday.

'Tempo' editor gets a year

'Tempo' editor gets a yearUrip Hudiono, The Jakarta Post/Jakarta The Central Jakarta District Court found Tempo weekly guilty on Thursday of publishing false material and libel, and sentenced chief editor Bambang Harymurti to a suspended one-year jail term.

TV Today: Friday, September 17, 2004

TV Today: Friday, September 17, 2004 .TB.30" .90"TVRI .tb .30" .90" 6:00 a.m. News: Berita Pagi7:30 Health8:30 Music: Asik-Asik 10:30 Religious Teachings12:30 p.m. Music1:00 News: Berita Siang2:00 Music3:00 English News Service4:30 Talk Show: Dialog Pemilu5:00 Children Drama6:00 Talk Show: Edukasi...

DPD office building inaugurated

DPD office building inaugurated JAKARTA: People's Consultative Assembly (MPR) speaker Amien Rais inaugurated on Thursday the office building of the Regional Representatives Council (DPD) members.The four-story building is located next to the House of Representatives building, with a corridor...

Candidates promise to improve education

Candidates promise to improve educationFabiola Desy Unidjaja and M. Taufiqurrahman, The Jakarta Post/Jakarta The two presidential candidates wrapped up the three-day dialog with a similar pledge of improving the poor state of education.

[b]...solutions to the present problem of electricity supply in

...solutions to the present problem of electricity supply in Indonesia, not the Law No. 20/2002.

Cimanggis bomb case files go to court

Cimanggis bomb case files go to courtTheresia Sufa, The Jakarta Post/Bogor Depok prosecutors submitted on Thursday case files on nine Cimanggis bomb suspects to the Cibinong District Court."We are now waiting for the court to set the trial date," the head of the criminal cases division at the...

City Council vote to be private

City Council vote to be privateDamar Harsanto, The Jakarta Post/Jakarta In compliance with an existing standing order, the City Council will sit in closed-door session on Friday morning to elect its new speaker for the 2004-2009 term, despite suggestions by some members that a more transparent...

1. MARRIOTT: 48 pt, 7 cols, 1 x 42

1. MARRIOTT: 48 pt, 7 cols, 1 x 42 JW Marriott bombing accomplice gets 12 years 2. CAMPAIGN MEGA: 36 pt, 3 cols, 2 x 21 Mega's supporters defy law, run wild in streets 3. CAMPAIGN SBY: 36 pt, 3 cols, 2 x 21 Susilo-Kalla pairing gets reformist backing 4.

KPU officials fired for vote mark-up

KPU officials fired for vote mark-up DONGGALA, Central Sulawesi: Central Sulawesi General Election Commission (KPU) has fired the chief of Donggala Municipality KPU Abdullah Malabang and his four subordinates for vote markup in the July 5 legislative election.

'Blow to democracy'

'Blow to democracy'Sari P. Setiogi, The Jakarta Post/Jakarta International and domestic observers lambasted on Thursday the guilty verdict against Tempo magazine's chief editor Bambang Harymurti and called it a setback for the country's press freedom and democracy.

Dissenting Golkar leaders ignore order

Dissenting Golkar leaders ignore orderKurniawan Hari and Luh Putu Trisna Wahyuni, The Jakarta Post/Jakarta/Mataram Golkar politicians suspended from the party for refusing to back Megawati Soekarnoputri in Monday's presidential election runoff, continued on Thursday in their activities in support...