Indonesian Political, Business & Finance News

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On This Day - February 3, 2001

Crude prices rise as OPEC cuts output

Crude prices rise as OPEC cuts output SINGAPORE (Reuters): Asian market crude prices have firmed sharply, lifted by OPEC output cuts and lingering fears of more production curbs in store, traders said on Friday.

Australia to supply E. Timor with rifles

Australia to supply E. Timor with rifles CANBERRA (AP): Australia will supply the fledgling East Timor defense force with 360 M16 assault rifles, but has ruled out giving heavier armaments, the Defense Department said on Friday.

BI to complete divestment program this year: Sjahril

BI to complete divestment program this year: Sjahril JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Friday that the central bank would divest all of its ownership in various financial institutions this year.

Motor vehicle sales up 44% in SE Asia last year

Motor vehicle sales up 44% in SE Asia last year KUALA LUMPUR (DPA): Sales of motor vehicles shot up 44.3 per cent last year in Southeast Asia as the region recovered from its economic troubles, an industry body said Friday.

What is skin cancer and how can you prevent it

What is skin cancer and how can you prevent it JAKARTA (JP): Skin cancer is a disease in which cancer (malignant) cells are found in the outer layers of the skin.The skin has two main layers and several kinds of cells. The top layer of skin, the epidermis, contains three kinds of cells.

Fire kills child, guts shop houses

Fire kills child, guts shop houses PEKANBARU, Riau: A child was killed by fire which razed 14 shop houses on Friday.An eyewitness said that the fire started at 9 a.m. and spread quickly, gutting shop houses, which were made of wood, Antara reported.

Truck drivers strike against extortion

Truck drivers strike against extortion BANDA ACEH, Aceh (JP): Truck drivers who use the Banda Aceh- Medan road have staged a strike since last Thursday in protest against rampant illegal levies along their routes, paralyzing the local economy and distribution of food into and out of the province.

Gus Dur's administration

Gus Dur's administrationFrom PanjiWe have been under President Abdurrahman "Gus Dur" Wahid's administration for one year or so. However, many circles have viewed that the government has failed to comply with the peoples' aspirations.

Rallies continue despite House's censure of Gus Dur

Rallies continue despite House's censure of Gus Dur JAKARTA (JP): Persistent opponents of President Abdurrahman Wahid seemed to keep their word on Friday to continue rallying until their demand -- that the President steps down -- is fulfilled.

Japan hopes S'pore free-trade pact will boost regional ties

Japan hopes S'pore free-trade pact will boost regional ties SINGAPORE (AP): Japan hopes that a free-trade pact in the works with Singapore will improve its ties with other Southeast Asian countries and Australia, Japan's chief negotiator in the talks said Friday.

Blindness among eldery raises new concern

Blindness among eldery raises new concern JAKARTA (JP): The increase in life expectancy in the country has shifted the tendency of health problems from infectious diseases to degenerative ones, or those related to old age.One of the diseases which experts say is a serious threat is blindness.

TNI doesn't pledge support, but will protect President: Army chief

TNI doesn't pledge support, but will protect President: Army chief JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto on Friday maintained the Indonesian Military's (TNI) stance in responding to the ongoing political turmoil, saying that the military will not pledge its support for the...

IITELMIT timed with G-15 summit

IITELMIT timed with G-15 summit JAKARTA (JP): This year's Indonesian International Telecommunications, Media and Information Technology (IITELMIT) exhibition will be held in May concurrently with the summit of the Group of 15 developing countries (G-15) in Jakarta.

Cabinet will run as usual, Bambang says

Cabinet will run as usual, Bambang says JAKARTA (JP): The Cabinet will function as usual despite the heated dispute between the President and the House of Representatives (DPR), Cabinet ministers say. Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono said...

PDI-P, PKB propose probe into other scandals, bombings

PDI-P, PKB propose probe into other scandals, bombings JAKARTA (JP): After completing the investigation into the Bulog and Brunei financial scandals, the House of Representatives is set to investigate past major corruption cases. These include the Rp 144 trillion (US$15.

Pelti has two candidates to replace Hendri in Davis Cup

Pelti has two candidates to replace Hendri in Davis Cup JAKARTA (JP): National men's tennis players Andrian Raturandang and Suhendar Dinata are the only candidates to replace second singles Hendri Susilo Pramono in the Davis Cup Group I Asia Oceania zone tie against Uzbekistan next week.

Tax on deposit interest

Tax on deposit interest The government has issued a regulation stipulating that as of Jan. 1, 2001, the income tax imposed on the interest accruing from term deposits and savings accounts in banks is increased from 15 percent to 20 percent and this is final in nature.

Ancol found guilty of financing overseas trips

Ancol found guilty of financing overseas trips JAKARTA (JP): Governor Sutiyoso revealed on Friday that PT Pembangunan Jaya Ancol was proven guilty for disbursing Rp 2.1 billion (US$220,000) to finance overseas trips of councilors and city officials without his consent.

Exports jump to record level of $62.02 billion

Exports jump to record level of $62.02 billion JAKARTA (JP): Export earnings jumped to a record level of US$62.02 billion in 2000 on the back of higher levels of oil and gas exports and other commodities, the Central Bureau of Statistics (BPS) reported on Friday.

Customs seize explosive materials

Customs seize explosive materials JAKARTA (JP): The Jakarta Customs and Excise office seized on Friday a container imported from Hamburg, Germany, containing 50 drums of chemicals which could be used as explosive materials.Office head Roy R.

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