Indonesian Political, Business & Finance News

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On This Day - January 16, 2001

Visa electron card

Visa electron cardFrom Bisnis IndonesiaI am a holder of Lippo Bank's Visa Electron credit-and-debit card. I had my first bad experience with this card when I purchased a ticket at a Mandala Airlines agent.

Central bank limits rupiah transactions with foreigners

Central bank limits rupiah transactions with foreigners JAKARTA (JP) Bank Indonesia announced on Monday a new ruling which limits rupiah transactions between banks operating in the country with non-residents in a bid to help curb speculation against the beleaguered local currency.

Police deny report on Army role in bombings

Police deny report on Army role in bombings JAKARTA (JP): The National Police claimed on Monday to have never issued any report indicating or stating the involvement of former Army generals in the Christmas Eve bombings that left at least 19 people dead.

Improving bank supervision

Improving bank supervision It is encouraging to note that amid the political battle to take control of Bank Indonesia (central bank), both the government and the House of Representatives remain fully aware of the vital importance of effective supervision in preventing a financial crisis.

House to deliberate 22 bills in 3 months

House to deliberate 22 bills in 3 months JAKARTA (JP): The House of Representatives opened its 2001 session on Monday with a conviction to focus more on its legislative duties targeting the deliberation of 22 bills in the next three months.

Trial shows Estrada running a 'mafia' style government

Trial shows Estrada running a 'mafia' style governmentBy Girlie Linao MANILA (DPA): Philippine President Joseph Estrada's impeachment trial has given the public a glimpse of how the former movie action star has ran the government like a "gangster" for the past two and a half years, analysts said.

Choosing the chief justice

Choosing the chief justiceFrom Rakyat MerdekaIf the President gives his pretext that the chief justice is yet to be chosen from the two candidates offered by the House of Representatives, the demand that an explanation about this matter be given must be addressed directly to the president himself,...

Toll road workers demand pay rise

Toll road workers demand pay rise TANGERANG (JP): Around 400 employees of the Tangerang branch of the state toll road operator PT Jasa Marga staged a rally in front of their office on Jl. MH Thamrin here on Monday, demanding a 30 percent wage rise.

Two important BLBI documents go missing

Two important BLBI documents go missing JAKARTA (JP): Two important documents of the Bank Indonesia believed to contain information that could help reveal the violations of the central bank regulations in the extending of emergency loans scam during the period from 1997 to 1999 are mysteriously...

Faisal Basri to resign from PAN membership

Faisal Basri to resign from PAN membership JAKARTA (JP): Noted economist Faisal Basri said on Monday that he will relinquish his membership of the National Mandate Party (PAN) due to fundamental differences of opinion with the party's stance on several principles and policies.

Satelindo customers given e-mail access from cell phones

Satelindo customers given e-mail access from cell phones JAKARTA (JP): Cellular service operator PT Satelit Palapa Indonesia (Satelindo) launched its SMS-based e-mail notification service on Monday, enabling its customers to retrieve e-mail from their handsets.

Rupiah Rates Jan.15

Rupiah Rates Jan.15 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,085.00 10,085.00 9,537.00 9,633.00Australian dollar 1 5,007.65 5,563.89 5,256.79 5,314.53Austrian schilling 1 625.50 694.87 656.62 663.72Belgian franc 1 213.37 237.03 223.98 226.

Policy removing tax relief for debtors deplored

Policy removing tax relief for debtors deplored JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) criticized on Monday the government's decision to withdraw tax facilities given to indebted companies, describing the measure as being unrealistic.

Journalists protest against violence

Journalists protest against violence MEDAN, North Sumatra: Around 120 reporters from various media based in the North Sumatra capital of Medan marched to the provincial legislative council on Monday to protest against violence committed by members of a youth organization.

Asian currencies fall late; focus on firmer rupiah

Asian currencies fall late; focus on firmer rupiah SINGAPORE (Dow Jones): Most Asian currencies slumped late Monday as the Japanese yen continued its downward spiral and as worries over President Joseph Estrada's impeachment trial sent the Philippine peso to a new record low.

BPGS sets ambitious target following its name change

BPGS sets ambitious target following its name change JAKARTA (JP): The Gelora Senayan Management Board (BPGS) set an ambitious target for the next five years following President Abdurrahman Wahid's decision on Sunday to rename the Senayan Sports Complex as Bung Karno Sports Complex.

Controversy fact emerges on Guterres at court hearing

Controversy fact emerges on Guterres at court hearing JAKARTA (JP): Lawyers defending former East Timor prointegration leader Eurico Guterres insisted on Monday his trial was unlawful following their latest assertion that the government had yet to revoke the defendant's status as a member of the...

Gus Dur's rejection of justices gets mixed reaction

Gus Dur's rejection of justices gets mixed reaction JAKARTA (JP): Legislators on Monday gave mixed reactions to President Abdurrahman Wahid's Friday letter to the House of Representatives officially rejecting the two nominated chief justices proposed by the legislature.

Canopy trail provides up-close look at wildlife

Canopy trail provides up-close look at wildlifeBy Yusran Endo Fauzi MT. HALIMUN, West Java (JP): The 100-meter-long canopy trail is suspended at a height of between 25 meters and 30 meters, a bridge suspended in the valley of wilderness that is Mt. Halimun National Park.

Beddu's house arrest extended

Beddu's house arrest extended JAKARTA (JP): State prosecutors failed to meet their initial deadline on Monday to file the corruption charges against former chief of the National Logistics Agency (Bulog) Beddu Amang and extended the suspect's house arrest instead.

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