Indonesian Political, Business & Finance News

Archive: 26 May 2001

67 articles found

Strong quake hits Yogyakarta

<p>Strong quake hits Yogyakarta</p><p> YOGYAKARTA: An earthquake measuring 6.3 on the Richter scale hit Yogyakarta at 12:10 p.m. on Friday, an official of the local Meteorological and Geophysics Agency told The Jakarta Post.

Govt asked to maintain ban on U.S. chicken imports

<p>Govt asked to maintain ban on U.S. chicken imports</p><p> JAKARTA (JP): The Association of Poultry Breeders has called on the government to maintain its ban on imports of chicken thighs from the United States.</p><p>The association's deputy chairman, A.

23 arrested over arson, attack on journalists

<p>23 arrested over arson, attack on journalists</p><p> TEGAL, Central Java (JP): Police have arrested 23 people in connection with Thursday's arson of the home of a National Mandate Party (PAN) executive, and the attack on several journalists here.

99999999[i]... Indonesia needs ... stable politics, credible

<p>99999999... Indonesia needs ... stable politics, credible economic reforms and some sort of capital control. Once we have the first two, we do not need the third one.</p>

RI shuttlers get advantage

<p>RI shuttlers get advantage from hot weather in Seville</p>

Megawati opens meeting ahead of G-15 summit

<p>Megawati opens meeting ahead of G-15 summit</p><p> JAKARTA (JP): Vice President Megawati Soekarnoputri opened a meeting of businessmen on Friday from country members of 15 developing countries grouped under the G-15, marking the preparatory negotiations of next week's G-15...

Atmajaya students stage peaceful rally

<p>Atmajaya students stage peaceful rally</p><p> JAKARTA (JP): Hundreds of students from Atmajaya Catholic university staged a peaceful rally in front of the House of Representatives compound, demanding the House issue recommendations to investigate the shooting of students in...

KL doctor held for nine days in jungle

<p>KL doctor held for nine days in jungle</p><p> KUALA LUMPUR (AFP): A kidnapped Malaysian doctor has been rescued after being chained to a tree in the jungle for nine days and fed on bread and water, reports said on Friday.

Total quits Vietnam venture

<p>Total quits Vietnam venture</p><p> HANOI (DPA): French oil giant Total-Finaelf has backed out of its US$198.5 million joint venture to produce asphalt in Vietnam, citing investment difficulties, an executive said Friday.

'Garuda' rejected by East Timorese refugees

<p>'Garuda' rejected by East Timorese refugees</p><p> KUPANG, East Nusa Tenggara (JP): About 150 East Timorese refugees residing in East Nusa Tenggara protested over the use of the Garuda, the mythical bird incorporated in the official seal of the Republic of Indonesia,...

Aussies resolve big differences with E. Timor

<p>Aussies resolve big differences with E. Timor</p><p> DARWIN, Australia (AP): The government said Friday that it has resolved major differences with East Timor over how best to divide control of lucrative oil fields under the sea separating the two countries.

Thaksin warns of waning ties with Myanmar

<p>Thaksin warns of waning ties with Myanmar</p><p> BANGKOK (AP): Prime Minister Thaksin Shinawatra warned on Friday that Thailand's relations with Myanmar could be destroyed because of growing mistrust following weeks of border skirmishes and angry words.

Hospitals struggling to get water supplies

<p>Hospitals struggling to get water supplies</p><p> JAKARTA (JP): With the halt in tap water supplies from the city's water companies, many hospitals in the city have been struggling to find alternative water sources.

Police seize 1 kg of 'shabu-shabu'

<p>Police seize 1 kg of 'shabu-shabu'</p><p> JAKARTA (JP): Police seized over one kilogram of shabu-shabu (crystal methamphetamine) worth Rp 240 million (US$21,000), and about 1,100 ecstasy pills from three suspects in two separate raids conducted on Thursday.

Deal offered as emergency looms

<p>Deal offered as emergency looms</p><p> JAKARTA (JP): Vice President Megawati Soekarnoputri continued on Friday night to weigh a transfer of power deal proposed by President Abdurrahman Wahid who reportedly threatened to impose a state of national emergency should impeachment...

Three officers killed in Ambon

<p>Three officers killed in Ambon</p><p> AMBON, Maluku: Three intelligence officers from the Pattimura Military Command were mobbed to death by residents of the OSM area of Nusaniwe district here on Friday at about 9 a.m., an official said later in the day.

City cancels tax hike for vehicles made before 1996

<p>City cancels tax hike for vehicles made before 1996</p><p> JAKARTA (JP): Bowing to widespread protest, albeit in part, the city administration announced on Friday that vehicles produced before 1996 would be exempt from the tax hike, except sedans and jeeps.

G-15 summit

<p>G-15 summit Megawati opens meeting ahead of G-15 summit. Page 2 Water Hospitals struggling to get water supplies. Page 3 Trial Estrada's trial: TV or not TV, that is the question. Page 4 War Bougainville women tell of Pacific's forgotten war.

Firms urged to help smoke-free campaign

<p>Firms urged to help smoke-free campaign</p><p> JAKARTA (JP): A government-endorsed smoke-free advocacy group is launching a nationwide campaign to persuade companies to declare a smoke-free environment during World No Tobacco Day which falls on Thursday.

Change of BI board of governors a must: Rizal

<p>Change of BI board of governors a must: Rizal</p><p> JAKARTA (JP): The Indonesian government's steadfast demand to have the current Bank Indonesia board of governors resign immediately after the enactment of the new central bank law could further worsen the country's...

Thai airways ROP program

<p>Thai airways ROP program</p><p> On behalf of my brother, who is a member of Thai Airways' Frequent Flyer Program Royal Orchid Plus (ROP), I have requested Thai Airways (TG) to extend the validity of an award ticket.

Rizal lashes out at IMF executive for 'lies'

<p>Rizal lashes out at IMF executive for 'lies'</p><p> JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli lambasted International Monetary Fund (IMF) chief Indonesia representative John Dodsworth for what he termed as misleading, unprofessional and distorted...

Govt reopens toll roads' graft case

<p>Govt reopens toll roads' graft case</p><p> JAKARTA (JP): The Attorney General's Office decided to reopen a corruption case involving two toll road projects in Jakarta after finding new evidence regarding the suspect, who is the director of the projects' winner PT...

TNI, Police braced for state of emergency

<p>TNI, Police braced for state of emergency</p><p> JAKARTA (JP): The Indonesian Military (TNI) and National Police increased their alert status on Friday in anticipation of a possible imposition of a state of emergency.</p><p>TNI chief Adm.

Asian currencies mostly down late as yen rally fizzles out

<p>Asian currencies mostly down late as yen rally fizzles out</p><p> SINGAPORE (Dow Jones): Most Asian currencies lost ground late Friday as the yen failed to sustain its recent rally.

Policeman stabbed by staring strangers

<p>Policeman stabbed by staring strangers</p><p> JAKARTA (JP): A plainclothes police officer was stabbed by two strangers on Thursday evening for allegedly challenging their stares.</p><p>The mobile brigade police officer, First. Adj. Brig.

Rupiah rate May 25

<p>Rupiah rate May 25</p><p> Bank notes rates TT rates</p><p> Buying Selling Buying Selling</p><p> Rp Rp Rp Rp</p><p> U.S. dollar 1 10,923.00 11,923.00 11,370.00 11,484.00</p><p>Australian dollar 1 5,661.39 6,185.65 5,891.00 5,955.

Back to basics in monetary policy

<p>Back to basics in monetary policy</p><p> This is the second of two articles on monetary policy by Tubagus Feridhanusetyawan, senior economist and head of economic affairs at the Centre for Strategic and International Studies (CSIS) in Jakarta.

Eradicating KKN

<p>Eradicating KKN</p><p>From Republika</p><p>Allow me to suggest that, in the eradication of corruption, collusion and nepotism (KKN), those involved in these practices must be given a chance to repent if they are willing to admit their misconduct and surrender to the...

Foreigners mind their language with Indonesian courses

<p>Foreigners mind their language with Indonesian courses</p><p>By R. Kristiawan</p><p> YOGYAKARTA (JP): The usual definition of a language course in this country is, naturally, Indonesians studying a foreign tongue, usually English but also German, French, Dutch,...

Soepomo paved way in language lessons

<p>Soepomo paved way in language lessons</p><p> YOGYAKARTA (JP): Any discussion of language centers in Yogyakarta inevitably means reference to Soepomo Poedjosoedarmo, a linguistics professor who, even in his childhood, dreamed of becoming a teacher.

Prijadi has yet to endorse Chandra Asri debt workout

<p>Prijadi has yet to endorse Chandra Asri debt workout</p><p> JAKARTA (JP): Finance minister Prijadi Praptosuhardjo has not yet endorsed the debt restructuring workout for olefins producer PT Chandra Asri, sparking concern that the high profile restructuring deal is on the brink...

Luhut sees rubber price hike

<p>Luhut sees rubber price hike</p><p> SINGAPORE (Dow Jones): Indonesia's Industry and Trade Minister Luhut Panjaitan said Friday he hopes rubber prices will increase to 60 U.S. cents a kilogram on an output cut.

Govt to privatize Bukit Asam

<p>Govt to privatize Bukit Asam</p><p> JAKARTA (JP): The government expects to sell some of its shares in coal mining company PT Tambang Batubara Bukit Asam to strategic partners by September this year as part of the company's privatization program, a senior government...

Stop violence on the train

<p>Stop violence on the train</p><p>From Warta Kota</p><p>Attacks on the train to Bekasi, Cikarang and Purwakarta have been going on every day now for nearly a month. Stone throwing and even some passengers threatening others with sickles are almost becoming a fact of...

Hotels given deadline to pay tax arrears

<p>Hotels given deadline to pay tax arrears</p><p> JAKARTA (JP): The city administration has given a one-month period for five hotels to pay their tax arrears and fines amounting to Rp 36 billion (US$3.2 million) or face seizure.

Best or worse option

<p>Best or worse option</p><p> The power-sharing arrangement that President Abdurrahman Wahid offered to Vice President Megawati Soekarnoputri raises some very serious constitutional problems that have to be addressed before anyone, particularly Megawati, can make any commitment...

'RI soccer team ready to take on China'

<p>'RI soccer team ready to take on China'</p><p> JAKARTA (JP): China's soccer coach Velibor 'Bora' Milutinovic avoided playing psychological games with Indonesian counterpart Benny Dolo ahead of the Indonesia-China encounter of the 2002 World Cup Group...

Buana eyes 16% rise in profit

<p>Buana eyes 16% rise in profit</p><p> JAKARTA (JP): Publicly listed PT Bank Buana Indonesia expects to achieve a net profit of Rp 118.24 billion this year, a 16 percent increase on the Rp 101.52 billion recorded last year.

TV today

<p>TV today</p><p>TVRI</p><p> 5:00 a.m. Religious Teachings 6:00 News 8:00 Music 8:30 Documentary 9:30 Variety Show 10:00 Music 11:00 Performance 12:00 p.m. Interval 3:00 News 3:30 Feature 4:00 Music 5:00 News 5:30 Documentary 6:00 Music 7:00 Evening News 7:30 Quiz...

Asia-Pacific's web growth

<p>Asia-Pacific's web growth</p><p> SINGAPORE (AFP): The Asia Pacific region has become the engine-room for growth in Internet activity, with South Koreans the heaviest users in the world, according to study released Friday.

Denmark aims to reach Sudirman Cup final

<p>Denmark aims to reach Sudirman Cup final</p><p> This second of two articles previews the Group B teams competing in the Sudirman Cup mixed team championship in Seville, Spain, from May 28 to June 3.

Political crisis: Is compromise still possible?

<p>Political crisis: Is compromise still possible?</p><p> As meetings go on in the search for crucial decisions, political analyst J. Soedjati Djiwandono asks whether the leaders will indeed come to their senses.

Angry Bogor residents destroy Merdeka kiosks

<p>Angry Bogor residents destroy Merdeka kiosks</p><p> BOGOR (JP): Angry residents allegedly from Kebon Kopi subdistrict in Central Bogor attacked and destroyed kiosks near Merdeka shopping mall belonging to vendors from the Batak ethnic group on Friday in the effort to find those...

Dozens protest overseas trips

<p>Dozens protest overseas trips</p><p> BANDUNG: Dozens of residents grouped under the Alliance for People (Alur) joined in a protest against the planned overseas trips of provincial councillors on Friday, saying the people's representatives lacked a sense of crisis.

Weekend Lineup

<p>Weekend Lineup</p><p> JAKARTA (JP): Following are sports competitions to be broadcast live this weekend on local TV stations (Note: all times in West Indonesia Time):</p><p>Sunday</p><p>Soccer World Cup qualifier: Indonesia vs China, RCTI, 04.00 p.m.

Generic medicine and other things

<p>Generic medicine and other things</p><p> Marius Widjajarta, a medical doctor and the chairman of the Indonesian Health Consumers Empowerment Foundation (YPKKI), has protested the government's decision to raise the price of generic medicine.

Arroyo promises to pursue cases against Estrada

<p>Arroyo promises to pursue cases against Estrada</p><p> MANILA (AP): President Gloria Macapagal Arroyo on Friday assured leaders of groups which helped oust predecessor Joseph Estrada that her administration would firmly pursue criminal cases against him.

South Korea's dumping charge denied

<p>South Korea's dumping charge denied</p><p> JAKARTA (JP): The Indonesian Textile Association (API) has strongly denied charges of dumping fine cotton yarn in the Korean textile market, as accused by the South Korean Trade Commission.

RI shuttlers get advantage from hot weather in Seville

<p>RI shuttlers get advantage from hot weather in Seville</p><p> JAKARTA (JP): Indonesia's head coach Christian Hadinata said the national shuttlers did not suffer any handicaps during their training session at the San Pablo Stadium in Seville, Spain, on Friday due to the hot...

SembCorp trying cogen plant

<p>SembCorp trying cogen plant</p><p> SINGAPORE (Dow Jones): SembCorp Utilities' 815-megawatt cogeneration plant in Singapore is being commissioned, with full operations slated for the third quarter 2001, Kelvin Lee, spokesman for parent SembCorp Industries, said.

Essential tips commonly used by successful job hunters

<p>Essential tips commonly used by successful job hunters</p><p>By Pri Notowidigdo</p><p> JAKARTA (JP): Are you looking for a job? Or are you exploring opportunities to reposition yourself in the market?</p><p>Either way, you may want to consider these...

Where to go in Jakarta:

<p>Where to go in Jakarta:</p><p>Exhibitions</p><p> * Advertising Postcards, Gallery RPC, Jl. Suryo 8 Kebayoran Baru, South Jakarta, until May 31. * Modern Indonesian Literature, Galeri Lontar, Jl. Utan Kayu 68H, East Jakarta (Phone: 8573388), May 31.

BCA's profit

<p>BCA's profit</p><p> I refer to the article BCA books 50% raise in pre-tax profit in Q1, which appeared in The Jakarta Post on May 22, 2001.</p><p>Once again the spin doctors at BCA have succeeded in publishing an incomplete and misleading report of the...

Stock quotations on JSX

<p>Stock quotations on JSX</p><p>Stock prices on the Jakarta Stock Exchange (in rupiah) on May.25, 2001:</p><p> Shares Close Change Trading</p><p> Volume -------------------------------------------------------------- Ades Alfindo 1,875 75 2,522,000 Adindo...

U.S. urges RI to solve crisis peacefully

<p>U.S. urges RI to solve crisis peacefully</p><p> WASHINGTON (Agencies): The United States said on Thursday it would back Indonesia if it solved peacefully the political crisis that threatens to end Abdurrahman Wahid's 19-month presidency.

Labor unions threatens to continue antidecree rallies

<p>Labor unions threatens to continue antidecree rallies</p><p> JAKARTA (JP): Major labor unions threatened on Friday to continue to encourage mass strikes until the government canceled the review of a ministerial decree on severance payments.

Language center makes its mark with one-to-one teaching

<p>Language center makes its mark with one-to-one teaching</p><p>By Asip A. Hasani</p><p> YOGYAKARTA (JP): Loud laughter echoed from the Colorado Language Institute (LB-Colorado), which has been at the forefront in promoting Indonesian language courses in the city.

Provinces to get 90% of reforestation funds

<p>Provinces to get 90% of reforestation funds</p><p> JAKARTA (JP): State Minister of Forestry Marzuki Usman said on Thursday that 90 percent of reforestation funds raised from timber companies would be given to regional administrations in a bid to improve land rehabilitation...

PRSI hopes for two diving golds at SEAG

<p>PRSI hopes for two diving golds at SEAG</p><p> JAKARTA (JP): The Indonesian Swimming Federation (PRSI) hopes to take two golds from the diving events at the Kuala Lumpur Southeast Asian (SEA) Games in September by sending their athletes on a one-month overseas stint to China.

'Bapepam will not pursue Cibinong's missing deposit'

<p>'Bapepam will not pursue Cibinong's missing deposit'</p><p> JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) said on Friday it would leave it to the shareholders of publicly listed cement producer PT Semen Cibinong to decide whether Bapepam should...

Bakrie to export cement fiber to Malaysia

<p>Bakrie to export cement fiber to Malaysia</p><p> JAKARTA (JP): PT Bakrie Building Industries (BBI), a subsidiary of publicly listed PT Bakrie & Brothers, has secured a deal to export 20,000 tons of cement fiber per year to Malaysian firm, Hume Cemboard Bhd.

KL's rail contract to China

<p>KL's rail contract to China</p><p> KUALA LUMPUR (AFP): Malaysia is to award China Railway Engineering Corp. a six billion ringgit (US$1.57 billion) railway contract as part of a planned palmoil swap deal, transport ministry officials said Friday.

Govt seeks to privatize Bukit Asam by September

<p>Govt seeks to privatize Bukit Asam by September </p><p> JAKARTA (JP): The government expects to sell some of its shares in coal mining company PT Tambang Batubara Bukit Asam to strategic partners by September this year as part of the company's privatization program, a...

Investor trust in S.E. Asia 'eroding'

<p>Investor trust in S.E. Asia 'eroding'</p><p> SINGAPORE (AP): Investor confidence in Southeast Asia has "eroded" and foreign direct investment in the region has declined from US$28 billion in 1997 to $15 billion in 1999, a Singapore Cabinet minister said...

Endless discourse hampers efforts against corruption

<p>Endless discourse hampers efforts against corruption</p><p> JAKARTA (JP): Legal analysts deemed that the endless arguing over the reversal of the burden of proof in corruption cases may overshadow the efforts to eradicate the crime.

Military impounds illegal weapons

<p>Military impounds illegal weapons</p><p> BANDA ACEH, Aceh: A group of military troops located on Friday an alleged weaponry home industry outfit in a remote village in North Aceh and impounded various explosives, a local police officer said.