Indonesian Political, Business & Finance News

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On This Day - February 13, 2001

Domestic political condition

Domestic political conditionFrom Media IndonesiaIt seems that political practices in Indonesia are quite messy now and are no longer based on existing principles. That this is so is clear from efforts to return the political condition to the past.

Taiwan's investment in China

Taiwan's investment in China TAIPEI (DPA): Taiwanese investment in mainland China hit a record high of US$2.7 billion last year, according to a recent report by a think tank on the island."Taiwan's mainland investments hit an all-time high last year and grew 108 per cent compared with a year...

Taiwan likely in U.S watchlist

Taiwan likely in U.S watchlist TAIPEI (AFP): The United States may tag Taiwan as a "priority" country in a special watchlist this year for having allegedly violated intellectual property rights, the Economic Daily News reported Monday.

Death toll from Banten landslide, flood rises to 100

Death toll from Banten landslide, flood rises to 100 SERANG, Banten (JP): The death toll of landslides and flooding following torrential rains which hit four regencies in Banten province in the past three days has risen to 100, officials said on Monday.

Stretching the imagination and fulfilling fantasies

Stretching the imagination and fulfilling fantasiesBy Hari Susianto JAKARTA (JP): Every few years there will be a new concept and trend in marketing. Since the late 1990s, it has been experiential marketing.We can easily detect the latest marketing trend by surfing the web.

One dead, 13 missing on MT. Slamet

One dead, 13 missing on MT. Slamet PUWOKERTO, Central Java: One student has been killed and 13 others reported missing following an attempt to conquer the 3,428-meter high Mt. Slamet, a climb coordinator said on Monday.

KL hopes to revive debt-ridden plant

KL hopes to revive debt-ridden plant KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad said Monday that the government hopes to revive its debt-ridden Perwaja Steel which is currently under investigation for alleged abuse of funds.

No compromise in combating graft: Marzuki

No compromise in combating graft: Marzuki JAKARTA (JP): Attorney General Marzuki Darusman said on Monday that he supported President Abdurrahman "Gus Dur" Wahid's intention to fight corruption, collusion and nepotism without any political compromise.

Vessel stranded in Madura

Vessel stranded in Madura SAMPANG, Madura: The KM Osihana was found with its captain dead after being stranded in waters off Sokobanoh Utara village beach here, while the remaining seven ship crew members were saved, official said.

Controversy continues over transgenic produce

Controversy continues over transgenic produce JAKARTA (JP): Environmental groups, producers and scientists on Friday demanded the government take up a more assertive and active role in resolving the long standing debate over transgenic crops.

Second commodities exchange to open in March

Second commodities exchange to open in March JAKARTA (JP): Indonesia's second futures commodity exchange, the Jakarta Commodities Exchange (JACOM), expressed its optimism that it could start trading in March, although it had yet to receive the government's operation permit.

Court rules against Perhutani

Court rules against Perhutani JAKARTA (JP): The Jakarta State Administrative Court overruled on Monday a decision by directors of the state-owned forestry company Perum Perhutani to demote two executives.Two panels of judges, presided over by judges Trimurti S.

Where to go in Bandung:

Where to go in Bandung:Exhibitions* Painting, Ikatan Wanita Pelukis Indonesia, Galeri Hidayat, Jl. Sulanjana 36 (Phone: 022 4208257), 9 a.m. to 4:30 p.m., until Feb. 14. * Batik Kolase, by Joachim Blank, Galeri Bandung, Jl. Siliwangi 16 (Phone: 022 2036515), 9 a.m. to 5 p.m., until Feb. 24.

Tjiwi to make $13.25m bond payment

Tjiwi to make $13.25m bond payment JAKARTA (Reuters): PT Tjiwi Kimia Tbk, an Indonesian unit of Asia Pulp and Paper (APP), said on Monday it will make a delayed $13.25-million coupon payment on its $600 million of bonds due in 2004 within 30 days from Feb. 1."The company will pay the coupon...

Asian currencies down prior to Greenspan report, U.S. retail data

Asian currencies down prior to Greenspan report, U.S. retail data SINGAPORE (Dow Jones): Most Asian currencies drifted lower late Monday in cautious, range-bound trading, as the yen provided a weak lead with Japanese financial markets closed for a national holiday, dealers said.

Minister insists on fuel price hike

Minister insists on fuel price hike JAKARTA (JP): Finance Minister Prijadi Praptosuhardjo insisted on Monday that fuel prices must be increased by 20 percent in April to meet urgent budget needs, indirectly disputing a remark made earlier by Coordinating Minister for the Economy Rizal Ramli.

Merapi's volcanic activities subside amid thick fog: Rizal

Merapi's volcanic activities subside amid thick fog: Rizal YOGYAKARTA (JP): Mount Merapi's volcanic activities subsided on Monday as most parts of the mountain were covered by thick fog, chief of Volcanic Technology and Research Development (BPPTK) Syamsul Rizal said.

GAM troops told to comply with newly signed pact

GAM troops told to comply with newly signed pact BANDA ACEH, Aceh (JP): Commander of the Free Aceh Movement (GAM) separatist group Tengku Abdullah Syafiie has ordered his troops to comply with the newly signed pact with the Indonesian government and "to seriously make an effort to end violence in...

Remote chance of crisis hitting Asia again: PERC

Remote chance of crisis hitting Asia again: PERC SINGAPORE (AFP): Asian countries remain dogged by problems arising from the 1997 financial crisis but these are not likely to trigger another collapse in the region's economies, a report said Monday.

I'll do it my way, says new justice minister Lopa

I'll do it my way, says new justice minister Lopa JAKARTA (JP): Newly installed Minister of Justice and Human Rights Baharuddin Lopa said here on Monday that he would employ his own approach in efforts to reform the judicial system, including measures to achieve greater control over delinquent...

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