Indonesian Political, Business & Finance News

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On This Day - February 15, 2001

No more reason to delay visit to Australia: Alwi

No more reason to delay visit to Australia: Alwi JAKARTA (JP): While observing improving relations between Jakarta and Canberra, Minister of Foreign Affairs Alwi Shihab said on Wednesday that there should be no more reasons for President Abdurrahman Wahid to delay his visit to Australia.

Timah wins approval to buy Salim coal mining firms

Timah wins approval to buy Salim coal mining firms JAKARTA (JP): Publicly listed tin mining company PT Tambang Timah won unanimous approval from shareholders on Wednesday to go ahead with plans to purchase three coal mining companies formerly owned by the Salim Group.

Perbakin yet to set medal target for KL SEA Games

Perbakin yet to set medal target for KL SEA Games JAKARTA (JP): With only seven months to go, the Indonesian Target Shooting and Hunting Association (Perbakin) is yet to set a medals target for the Kuala Lumpur Southeast Asian (SEA) Games as it waits first to observe other countries' achievements.

AFP to sell residential units

AFP to sell residential units SINGAPORE (Dow Jones): Asia Food & Properties Ltd. (P.AFP), or AFP, has put on the open market its 23 unsold Costa Rhu condominium apartment units, the Straits Times reported Wednesday.

Govt to privatize 16 state-owned companies this year

Govt to privatize 16 state-owned companies this year JAKARTA (JP): The government plans to privatize or divest ownership in some 16 state-owned enterprises (SOEs) this year in a bid to raise about Rp 6.5 trillion (US$684 million) to finance the state budget deficit, an official said on Wednesday.

Security battalions to be scaled down

Security battalions to be scaled down AMBON, Maluku: Pattimura Military Commander Brig. Gen. I Made Yasa said on Wednesday that due to improved conditions in Maluku and North Maluku provinces, the military and police battalions in both areas will be scaled down from 17 to only 11.

KAI moves to better services

KAI moves to better services JAKARTA (JP): State railway company PT Kereta Api Indonesia (KAI) began a survey of passengers in Greater Jakarta on Wednesday in a bid to improve services.Assisted by senior high school students, company employees distributed yellow forms to embarking passengers at all...

Kancil car ready for sale

Kancil car ready for sale BANDUNG, West Java (JP): Automobile manufacturer PT Kurnia Abadi Niaga Citra Indah Lestari (KANCIL) said it would commercially launch its Kancil car in July this year.KANCIL vice president Achdiat A.

RI, Malaysia to form palm oil alliance

RI, Malaysia to form palm oil alliance JAKARTA (Reuters): Malaysia and Indonesia, the world's biggest producers of palm oil, plan an alliance to boost the sagging international price of the commodity, an Indonesian trade and industry ministry official said on Wednesday.

Revoke liquor trading decree!

Revoke liquor trading decree!From Bisnis IndonesiaIt is widely reported in the mass media that the government has issued a policy on the trading arrangements for liquor. In my opinion, this policy will lead to monopolistic practices.

Former minister testifies in Bank Bali trial

Former minister testifies in Bank Bali trial JAKARTA (JP): Former Minister of Finance Bambang Subianto, who was also chairman of the Indonesian Bank Restructuring Agency (IBRA), testified on Wednesday that Rudy Ramli, when he was president of Bank Bali, had complained about the difficulties to...

S'pore, Riau promote ties

S'pore, Riau promote ties SINGAPORE (AFP): Singapore has agreed to promote cooperation in agri-business projects in Indonesia's Riau province, officials from both countries said Wednesday.Singapore Trade Minister George Yeo and Riau provincial Governor Saleh Djasit said in a statement they...

One more trekker found dead

One more trekker found dead PURWOKERTO, Central Java: One more missing trekker from Gadjah Mada University's Nature Lovers club was found dead on Wednesday, raising the number of fatalities to three.Purbalingga Police chief. Comr.

La Paene still training for SEA Games: Pertina

La Paene still training for SEA Games: Pertina JAKARTA (JP): Boxer La Paene Masara is still part of the Indonesian Amateur Boxing Association (Pertina) training camp for the Kuala Lumpur Southeast Asian (SEA) Games, despite the fact that he has left the camp for personal reasons.

Analyst sees nice deals in RI stocks

Analyst sees nice deals in RI stocks HONG KONG (Reuters): Regional investors are overplaying political risk and passing up bargains in Southeast Asian equities, including Indonesia, says Aaron Pong, a director of fund managers RBC Investment Management (Asia) Ltd.

Teasing and sympathy in paintings of Gus Dur

Teasing and sympathy in paintings of Gus DurBy M. Dwi Marianto YOGYAKARTA (JP): Sometimes maybe even President Abdurrahman Wahid wonders if nearly everybody, including the art community, has something against him.

UI rector disobeys court's orders

UI rector disobeys court's orders JAKARTA (JP): A lawyer of six students from the University of Indonesia (UI) said on Wednesday that the university rector had disobeyed the court's order to delay imposing administrative sanctions against the students.

Government to continue dialog with Aceh rebels

Government to continue dialog with Aceh rebels JAKARTA (JP): The Indonesian government is set to continue dialog with the Free Aceh Movement (GAM) separatist rebels in Switzerland amid continuing violence in Aceh on Wednesday which killed five people and injured scores of others.

Class action for demonstrators

Class action for demonstrators BANDUNG (JP): A Bandung-based environmental law expert Daud Silalahi said here on Wednesday that demonstrators who caused damage to the environment deserved prosecution through a class action.

S&P revises BCA's rating to triple-Cpi

S&P revises BCA's rating to triple-Cpi HONG KONG (JP): Standard & Poor's revised on Wednesday its counterparty credit rating, based on public information, on Bank Central Asia (BCA) to triple-'Cpi' from 'R'.

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246,918
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999
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1994-2017
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