Indonesian Political, Business & Finance News

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On This Day - January 31, 2001

Young generation should stay out of elite's dispute: KNPI

Young generation should stay out of elite's dispute: KNPI JAKARTA (JP): While calling for an end to the mounting tension between the House of Representatives and President Abdurrahman "Gus Dur" Wahid, the Indonesian National Youth Committee (KNPI) asked the younger generation on Tuesday not to...

Quake shakes Irian Jaya

Quake shakes Irian Jaya JAKARTA: A powerful earthquake jolted Manokwari and the nearby towns of Biak and Sorong on Tuesday morning, but no casualties or damage were reported.The spokesman for the Meteorology and Geophysics Agency, Waan Tarmin, said the quake, measuring 5.

Perplexity of asset sales

Perplexity of asset sales The protests by farmers in Riau province and politicians in Jakarta against the sale in November of around 260,000 hectares of oil palm plantations, through a competitive bid, to Malaysia's Kumpulan Guthrie Berhad is the latest in a series of perplexities hitting major...

Old hands cruise in Cigna Open tournament

Old hands cruise in Cigna Open tournament JAKARTA (JP): Veteran players cruised into the second round of the 2001 Cigna Open Colors of Life tennis tournament on Tuesday at the Bung Karno tennis complex in Senayan, Central Jakarta.

Eight arrested for burglaries

Eight arrested for burglaries BOGOR (JP): Bogor police have apprehended eight people over Monday's burglaries in the village of Galuga, Bogor regency, deputy chief of Bogor Police said on Tuesday.Comr. Soemarso told reporters that the eight were members of an 11 person gang who broke into three...

House confirms Gus Dur's role

House confirms Gus Dur's role JAKARTA (JP): The House of Representatives' special committee investigating the Bulog and Brunei financial scandals alleged that President Abdurrahman "Gus Dur" Wahid was involved in the two scams.

Gus Dur's fate pathetic

Gus Dur's fate patheticFrom Rakyat MerdekaPresident Abdurrahman "Gus Dur" Wahid has a lame argument when stating that the special committees set up by the House of Representatives (DPR) are illegal because the legal basis for their establishment was weak and, hence, can be easily revoked.

East Timorese refugees told to use official borders

East Timorese refugees told to use official borders KUTA, Bali (JP): Udayana Military Commander Maj. Gen. Willem T. da Costa said on Tuesday that all East Timorese refugees living in East Nusa Tenggara (NTT) must use official borders to travel in and out of the two territories.

Rupiah Rates Jan. 30

Rupiah Rates Jan. 30 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,920.00 9,920.00 9,373.00 9,467.00Australian dollar 1 4,839.99 5,387.55 5,085.79 5,141.53Austrian schilling 1 594.18 669.55 624.35 630.96Belgian franc 1 202.68 225.52 212.97 215.

Police drill six test holes in hunt for Tommy

Police drill six test holes in hunt for Tommy JAKARTA (JP): The National Police announced on Tuesday that their suspicion of further underground bunkers beneath and in the vicinity of the residence of the fugitive Hutomo "Tommy" Mandala Putra, had recently been strengthened after a number of test...

Government won't cancel deal with KL firm despite protest

Government won't cancel deal with KL firm despite protest JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will not cancel the recent sale of 25 oil palm plantations to Malaysia's Kumpulan Guthrie Bhd despite protest from local farmers and politicians, said a senior official at the...

Police closing in on person linked to bombs

Police closing in on person linked to bombs JAKARTA (JP): Jakarta Police detectives have yet to apprehend the person who bought the three traveler's checks reportedly given by fugitive Hutomo "Tommy" Mandala Putra to Elize, suspect in the recent TMII bomb plant, despite the fact that they know the...

Eurico's court hearing comes under spotlight

Eurico's court hearing comes under spotlight JAKARTA (JP): Portuguese Ambassador Ana Martins Gomez questioned on Tuesday the security and objectivity of the North Jakarta District Court during hearings on pro-integration leader Eurico Guterres.

Angelique Widjaja wants to enter the world top 20

Angelique Widjaja wants to enter the world top 20 JAKARTA (JP): Living a secluded life does not prevent women's tennis player Angelique Widjaja from shining. Angelique, who will turn 17 on Dec. 12, just concluded her campaign in the Australian Open junior championships last week.

Asian currencies mostly up late, caution ahead of Fed rate policy

Asian currencies mostly up late, caution ahead of Fed rate policy SINGAPORE (Dow Jones): Most Asian currencies were higher late Tuesday, as caution prevailed ahead of an anticipated interest rate cut by the U.S. Federal Reserve and the release of key U.S. economic data this week, dealers said.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 30, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,925 50 936,000 Adindo Foresta Indonesia 130 0 193,000 Alakasa Industrindo 425 0 0 Alfa Retailindo...

The business of golf versus facilities offered

The business of golf versus facilities offeredBy Sirikit Syah SURABAYA (JP): Indonesia's golf-course management business is experiencing difficult times. Its development is incomparable with similar businesses in other Southeast Asian countries like Malaysia and Thailand.

Aircraft firm signs deal to repair engines

Aircraft firm signs deal to repair engines JAKARTA (JP): Aircraft engine maintenance company PT Nusantara Turbin dan Propulsi (NTP) will repair up to 30 Tay jet engines this year as part of a five-year contract signed with Brazilian airline operator MTU-TAM.

IFC loses bankruptcy battle with POF

IFC loses bankruptcy battle with POF JAKARTA (JP): The International Finance Corporation (IFC), the commercial financing arm of the World Bank, lost its legal battle with publicly listed PT Panca Overseas Finance (POF) when a commercial court rejected its bankruptcy petition on Tuesday.

City firm has quietly sold land in Cibubur

City firm has quietly sold land in Cibubur JAKARTA (JP): City property company PT Sarana Jaya has quietly sold 3.2 hectares in Cibubur, East Jakarta to a private company and distributed some of the money to its employees, a city councillor revealed on Tuesday.

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