Indonesian Political, Business & Finance News

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On This Day - November 29, 2000

Man killed for stealing a duck

Man killed for stealing a duck JAKARTA (JP): Thirty-year-old Odin was beaten to death on Sunday by residents in Karang Setia subdistrict in Cikarang, Bekasi, after he was caught red-handed stealing a duck, a police report said.

Police officer kills two colleagues, injures one

Police officer kills two colleagues, injures one JAKARTA (JP): Two West Jakarta Police Precinct officers were killed and another one was injured after one of their colleagues shot them at the precinct on Tuesday.West Jakarta Police chief Supt.

Kim supports Indonesia's national car project

Kim supports Indonesia's national car project JAKARTA (JP): Visiting South Korean President Kim Dae-jung said his government would give full support to Indonesia's efforts to revive its national car project, a joint venture with South Korea's Kia Motors Co.

Asian currencies fail to sustain gains amid shaky fundamentals

Asian currencies fail to sustain gains amid shaky fundamentals SINGAPORE (Dow Jones): Asian currencies were mixed late Tuesday, as the dollar's pullback against the major currencies provided some repose for the market, dealers said.

White shrimps steal market lead from black tiger

White shrimps steal market lead from black tiger SURABAYA: Among traders whose business is shrimp, the black tiger is a common name. This is a species of shrimp which is bigger in size and has black stripes. The stripes become bright red when the shrimps are boiled or fried.

Reduce over-reliance on dollar, gold council

Reduce over-reliance on dollar, gold council KUALA LUMPUR (AFP): Countries should make gold a key reserve asset to reduce risks in a "one-currency" world monetary system dominated by the U.S. dollar, a World Gold Council senior official said Tuesday.

Thousands of workers protest in Surabaya

Thousands of workers protest in Surabaya SURABAYA (JP): In one of the country's largest protests in recent months, some 30,000 industrial workers took to the streets here on Tuesday to demand higher wages.

Beddu Amang detained over Bulog land scandal

Beddu Amang detained over Bulog land scandal JAKARTA (JP): The state prosecutors placed former chief of the State Logistics Agency (Bulog) Beddu Amang in the detention center at the Attorney General Office's for 20 days, pending his trial on charges of corruption in a land exchange deal.

Tropical storm 3B to drift away

Tropical storm 3B to drift away JAKARTA (JP): Sumatra may get a reprieve from the recent storms and torrential rains that have caused landslides and flooding in many parts of the island as weathermen predict improving conditions in coming weeks.

Government, House agree on reduction of outstanding bonds

Government, House agree on reduction of outstanding bonds JAKARTA (JP): The government and the House of Representatives agreed on Tuesday to reduce the amount of the government bank recapitalization bonds by Rp 10 trillion (US$1.07 billion) next year to ease the burden on the 2001 state budget.

Food supply to flood hit areas disrupted

Food supply to flood hit areas disrupted PADANG, West Sumatra (JP): Supplies of food and medicines to regencies devastated by floods and landslides in West Sumatra were being obstructed as the roads leading to the affected areas had been cut, while other alternative routes had been washed away due...

Foreign fishermen found not guilty

Foreign fishermen found not guilty MAUMERE, East Nusa Tenggara: The East Flores district court acquitted four Taiwanese fishermen on Tuesday who had been charged with illegal fishing.The four fishermen, identified as Huang Tien Siu, Chen Tien Sung, Chen Pin An, and Huan Tien Ming, were arrested in...

Proton's new boss arrives, now needs know-how

Proton's new boss arrives, now needs know-how KUALA LUMPUR (Reuters): Malaysia's oil company Petronas steps into the driving seat at Proton next week, taking a controlling 27 percent stake in the national car maker as it prepares for the onslaught of foreign competition.

Indonesia to send synchronized divers to train in China

Indonesia to send synchronized divers to train in China JAKARTA (JP): With the new event of synchronized diving to be featured at the 2001 Kuala Lumpur Southeast Asian (SEA) Games, the Indonesian Swimming Federation (PRSI) plans to send athletes to train in China next year.

Chinese oil firm to invest $14.5b for offshore reserves

Chinese oil firm to invest $14.5b for offshore reserves BEIJING (AFP): China National Offshore Oil Corp. (CNOOC), which plans to sell shares abroad early next year, has decided to invest 120 billion yuan (US$14.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 28, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,225 -75 223,500 Adindo Foresta Indonesia 110 0 20,000 Alakasa Industrindo 275 0 0 Alfa Retailindo...

Makassar prepares for direct elections

Makassar prepares for direct elections MAKASSAR, South Sulawesi: The Provincial Legislative Council here is finalizing a new regulation on direct gubernatorial elections to come into effect next year in tandem with the implementation of regional autonomy."We are working on the concept.

City proposes Rp 7.49 trillion budget for 2001

City proposes Rp 7.49 trillion budget for 2001 JAKARTA (JP): Governor Sutiyoso unveiled on Tuesday an optimistic draft City budget for 2001, which was set at Rp 7.49 trillion (US$788.42 million).Speaking before a plenary City Council session, Sutiyoso projected 2.

Spore's vulnerable after Wahid's criticisms

Spore's vulnerable after Wahid's criticisms SINGAPORE (AFP): Indonesian President Abdurrahman Wahid's scathing attack on Singapore highlights the affluent city-state's vulnerability to a volatile region despite political and economic stability at home, analysts said.

Utut wins opener of Int'l Chess Federation World Championships

Utut wins opener of Int'l Chess Federation World Championships JAKARTA (JP): Indonesia Grand Master Utut Adianto won his first match at the US$3.5 million 2000 International Chess Federation (FIDE) World Championships at the Hyatt Regency in New Delhi on Monday evening.

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246,918
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999
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1994-2017
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