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Thu, 22 Feb 2001
KL palm oil rises on data
KL palm oil rises on data KUALA LUMPUR (Reuters): Declines in stocks and output for February prompted short covering in Malaysia's palm oil futures at the close on Wednesday but some traders expected gains to be shortlived.Benchmark third-month May rose 22 ringgit to 753 ringgit ($198.16) a tonne.
Thu, 22 Feb 2001
A framework for East Timor's economic planning
A framework for East Timor's economic planning The following is the second of two articles on East Timor's economic planning by C.G. Moghe (cmoghe@indosat.net.id), who has worked in financial services in various countries for the last 30 years.
Thu, 22 Feb 2001
Guthrie won't renegotiate deal on RI plantations
Guthrie won't renegotiate deal on RI plantations KUALA LUMPUR (Reuters): Malaysia's Kumpulan Guthrie Bhd said on Wednesday it would not renegotiate a deal to buy palm oil estates from the Indonesian Bank Restructuring Agency (IBRA) which has not been closed for unspecified reasons.
Thu, 22 Feb 2001
Water supply disrupted
Water supply disrupted JAKARTA (JP): Tap water in some parts of South Jakarta will be disrupted until Thursday as a result of repair work on the pipeline connecting Pasar Minggu and Pancoran, the PAM Lyonnaise (PALYA) tap water company announced on Wednesday.
Thu, 22 Feb 2001
A journey in search of Balinese cuisine
A journey in search of Balinese cuisineBy Risa Permana Deli DENPASAR, Bali (JP): The cultural activities that the Balinese are generally engaged in, whether or not in relation to efforts to lure tourists, seem to neglect the most essential human activity: eating.
Thu, 22 Feb 2001
Councillors will get brand new sedans
Councillors will get brand new sedans JAKARTA (JP): All members of the City Council will soon drive a new car as the city administration finally gave the green light on Wednesday for the request to buy the vehicles.
Thu, 22 Feb 2001
Indofarma to float shares on stock market in April
Indofarma to float shares on stock market in April JAKARTA (JP): State-owned pharmaceutical company PT Indofarma will become the first state company to go public this year, when Indofarma floats its shares on the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) in April.
Thu, 22 Feb 2001
House yet to name new chief justice candidates
House yet to name new chief justice candidates JAKARTA (JP): The House of Representatives (DPR) has yet to name new candidates for the post of chief justice of the Supreme Court even though Muladi, one of the current candidates, has indicated his intention of withdrawing his candidacy, House...
Thu, 22 Feb 2001
Factions oppose no confidence vote
Factions oppose no confidence vote MANADO, North Sulawesi: Three factions at the provincial council have rejected the proposal of the Indonesian Democratic Party of Struggle (PDI Perjuangan) faction to go ahead with the vote of no confidence against council speaker Syahrial Damopolii, following his...
Thu, 22 Feb 2001
Government to proceed with asset-backed bond issue plan
Government to proceed with asset-backed bond issue plan JAKARTA (JP): Director general of financial institutions Darmin Nasution said on Wednesday that the government would proceed with its plan to issue bonds backed by the sale of natural gas to Singapore.
Thu, 22 Feb 2001
Gulf Canada reports profit
Gulf Canada reports profit CALGARY, Alberta (Reuters): Gulf Canada Resources Ltd., the country's sixth-largest oil and gas producer, said on Tuesday it climbed into the black in the fourth quarter thanks to high commodity prices and more production after its takeover of rival Crestar Energy.
Thu, 22 Feb 2001
PSSI to issue notes to finance leagues
PSSI to issue notes to finance leagues JAKARTA (JP): The Soccer Association of Indonesia (PSSI) will kick off a new method of fund-raising by issuing notes worth a total of Rp 1.5 trillion (US$158 million), the association's treasurer Irawadi D. Hanafi announced Wednesday.
Thu, 22 Feb 2001
Garbage becoming a major problem for Mount Gede park
Garbage becoming a major problem for Mount Gede park JAKARTA (JP): Next time you pass through the Mount Gede Pangrango National Park please heed the "do not litter signs", as garbage is becoming a serious problem which has contaminated rivers passing through the 15,196 hectare park.
Thu, 22 Feb 2001
Four soccer teams into semifinals
Four soccer teams into semifinals JAKARTA (JP): Four women's soccer teams -- Buana Putri, the State University of Jakarta (UNJ), Putri Belitung and Putri Priangan -- went through to the semifinals of the 2001 Women's Soccer Invitational here on Wednesday.
Thu, 22 Feb 2001
Gus Dur leaves for two weeks overseas
Gus Dur leaves for two weeks overseas JAKARTA (JP): President Abdurrahman Wahid said on Wednesday he was not concerned about leaving the country for a two-week trip despite threats at home to his presidency.
Thu, 22 Feb 2001
Badminton body was unfair to me, says Minarti Timur
Badminton body was unfair to me, says Minarti Timur JAKARTA (JP): Indonesian mixed doubles Olympics silver medalist Minarti Timur expressed her disappointment with the Badminton Association of Indonesia (PBSI) following its decision to supervise her performance until July and separate her from...
Thu, 22 Feb 2001
IMF a cold-blooded strangler
IMF a cold-blooded stranglerFrom Pikiran RakyatI would like to refer to a report in Pikiran Rakyat, dated Feb. 6, 2001 entitled IMF worried about Indonesia's increasingly inflated debts. Commenting on it, Rizal Ramli stated that Indonesia had to limit our foreign loans, including those signed by...
Thu, 22 Feb 2001
Some 22 SOEs suffer US$2.4 billion in losses
Some 22 SOEs suffer US$2.4 billion in losses JAKARTA (JP): Director general of state-owned enterprises (SOEs) I Nyoman Tjager said on Wednesday that some 22 SOEs suffered combined financial losses of Rp 27.78 trillion (US$2.40 billion) last year.
Thu, 22 Feb 2001
Trial of SIRA activist adjourned
Trial of SIRA activist adjourned BANDA ACEH (JP): The controversial trial of activist Muhammad Nazar opened on Wednesday at the Medan District Court in North Sumatra with an immediate adjournment because both the defendant and the prosecutor failed to appear.
Thu, 22 Feb 2001
Padang, Tonasa spin-off setback to govt program
Padang, Tonasa spin-off setback to govt program JAKARTA (JP): The spin-off of PT Semen Padang and PT Semen Tonasa from publicly-listed PT Semen Gresik will be a major setback to the government's state enterprises development plan, experts have said.
Thu, 22 Feb 2001
Gus Dur keeps playing with power
Gus Dur keeps playing with powerFrom Rakyat MerdekaIn an effort to increase his popularity, President Abdurrahman "Gus Dur" Wahid called on the people to contribute input to him on the concept of total reform.
Thu, 22 Feb 2001
Akbar Tandjung a suspect in land scam, say police
Akbar Tandjung a suspect in land scam, say police JAKARTA (JP): The police have found indications of the commission of a crime in an alleged land scam linked to House of Representatives Speaker and Golkar Party chairman Akbar Tandjung, National Police Spokesman Brig. Gen.
Thu, 22 Feb 2001
Tanri supports controversial EGP agreement
Tanri supports controversial EGP agreement JAKARTA (JP): Former Bank Bali president Rudy Ramli testified on Wednesday that Tanri Abeng, the then state minister of investment and state enterprise development, had warned him not to cancel the banks' controversial agreement with PT Era Giat Prima (PT...
Thu, 22 Feb 2001
Bali Tourism Board has crucial role to play
Bali Tourism Board has crucial role to play DENPASAR, Bali (Antara): The Bali Tourism Board (BTB) must be able to play its role as a strategic planner of tourism in Bail, given the fact that owing to internal and external factors the survival of the tourist industry in this province is precarious...
Thu, 22 Feb 2001
C. Java to host junior c'ships
C. Java to host junior c'ships SEMARANG (JP): Teenagers are invited to compete in the sixth Gotong Royong Cup junior national tennis championships at Sasana Ambirawa Raga here from March 12 to March 18.
Thu, 22 Feb 2001
What Middle East means to RI
What Middle East means to RIBy Riza Sihbudi JAKARTA (JP): President Abdurrahman Wahid is scheduled soon to visit a number of Middle East countries including the United Arab Emirates and Saudi Arabia. This trip to the volatile region would be his third during the one and a half years of his...
Thu, 22 Feb 2001
Indonesia scores 13-9 upset over Thailand
Indonesia scores 13-9 upset over Thailand JAKARTA (JP): Host Indonesia upset Thailand 13-9 in day-four action at the fourth Asian Cup Baseball Championship at Bung Karno Baseball Stadium in Senayan, Central Jakarta, on Wednesday.Neither team scored in the first inning.
Thu, 22 Feb 2001
Careless BNI staff
Careless BNI staffFrom KompasWe are clients at BNI's Cibubur Branch. On Dec. 22, 2000, when we were about to withdraw some money we discovered that funds in two accounts had already been withdrawn by an unknown person, amounting to Rp 10 million and Rp 7.8 million from BNI's Margonda Branch, Depok.
Thu, 22 Feb 2001
The illusion of political supporters
The illusion of political supporters Political analyst J. Soedjati Djiwandono shares his views on a "new blend" of Indonesian politics. JAKARTA (JP): Institution building should be an essential part of the reform process.
Thu, 22 Feb 2001
Banpu ups RI coal production
Banpu ups RI coal production BANGKOK (AFX-ASIA): Banpu Plc president Chanin Vongkusolkit said he expects second half consolidated revenue to come in at 2.90 billion baht."The company plans to produce 1.
Thu, 22 Feb 2001
Special court to try graft cases
Special court to try graft cases JAKARTA (JP): President Abdurrahman Wahid fired another shot in the battle against corruption on Wednesday, approving the establishment of a special court to try graft cases.
Thu, 22 Feb 2001
Govt fears IMF may slow aid over BI law reform
Govt fears IMF may slow aid over BI law reform JAKARTA (Agencies): Indonesia's Finance Minister Prijadi Praptosuhardjo said on Wednesday he was worried the International Monetary Fund (IMF) might further hold up loans after the House of Representatives and the government agreed to delay debate on a...
Thu, 22 Feb 2001
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 21, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,775 -25 124,000 Adindo Foresta Indonesia 130 0 61,500 Alakasa Industrindo 190 0 0 Alfa...
Thu, 22 Feb 2001
Shots fired at lawyer's office
Shots fired at lawyer's office JAKARTA (JP): Unidentified people fired shots at the office of lawyer Frans Hendra Winarta on Jl. Kelapa Gading Boulevard, North Jakarta, on Wednesday evening, breaking the windows.Frans, who arrived at the office at about 8 p.m.
Thu, 22 Feb 2001
House's legislative body to submit 4 draft laws
House's legislative body to submit 4 draft laws JAKARTA (JP): The Legislative Body of the House of Representatives (DPR) will submit four draft laws on the presidency, the regulation-making process, child protection and the banking credit system to the House speakers next week, a legislator said on...
Thu, 22 Feb 2001
Eight men steal bus in Bekasi
Eight men steal bus in Bekasi JAKARTA (JP): Eight men hijacked a bus on Jl. Cut Meutia near Bekasi bus terminal on Tuesday night before it reached the terminal.Armed with machetes and sickles, the gang boarded the Agung Bhakti bus plying Bekasi-Pulogadung route at 11 p.m.
Thu, 22 Feb 2001
IBRA, Marubeni fail to reach agreement on debt
IBRA, Marubeni fail to reach agreement on debt JAKARTA (JP): Indonesian Bank Restructuring Agency (IBRA) chairman Edwin Gerungan said on Wednesday the agency had not yet reached an agreement with Japan's Marubeni Corp. on the restructuring of petrochemical giant PT Chandra Asri's foreign debt.
Thu, 22 Feb 2001
Sutiyoso accused of siding with management
Sutiyoso accused of siding with management JAKARTA (JP): Members of the Shangri-La Hotel labor union came to the City Hall on Wednesday to question Governor Sutiyoso's alleged siding with the hotel management in its protracted labor dispute with employees.
Thu, 22 Feb 2001
Marzuki's charade
Marzuki's charade No sooner after President Abdurrahman Wahid had pledged "zero tolerance" for past corruptors this month, the Attorney General's Office went into full gear to prosecute top business leaders and government officials for their alleged past misdeeds.
Thu, 22 Feb 2001
On-line oil bid
On-line oil bidCorrection: The website address to submit on-line bids for the oil block tenders as appeared in The Jakarta Post article on Page 12 of the Feb. 21, 2001 issue should have read: www.indigopool.com instead of www.INDIGO.pool.com. We apologize for the error. -- Editor
Thu, 22 Feb 2001
Niarta JasaNet launches e-market for exporters
Niarta JasaNet launches e-market for exporters JAKARTA (JP): PT Niarta JasaNet, a local dotcom company, launched on Wednesday indoTradeCenter.com, a B2B e-market for Indonesian exporters to meet foreign buyers through the Internet.
Wed, 21 Feb 2001
Megawati meets with Singapore leader
Megawati meets with Singapore leader SINGAPORE (AFP): Indonesian Vice President Megawati Soekarnoputri met with Singapore Prime Minister Goh Chok Tong on Tuesday at the start of a two-day working visit, officials said.
Wed, 21 Feb 2001
RP police find 2 trillion $ of fake US bonds
RP police find 2 trillion $ of fake US bonds MANILA (AFP): Philippine police on Tuesday said it has busted an international syndicate counterfeiting currencies and recovered some two trillion dollars worth of fake U.S. bond certificates.
Wed, 21 Feb 2001
Strong winds raise fish prices
Strong winds raise fish prices BANDUNG, West Java: The effects of strong western winds which have caused havoc on fishing in some northern coastal areas in Central Java is being felt all the way to Bandung.The price of fish has skyrocketed in the West Java capital.
Wed, 21 Feb 2001
National leaders will meet only with a clear agenda
National leaders will meet only with a clear agenda JAKARTA (JP): In response to calls for a reconciliatory meeting among members of the political elite, top national leaders said on Tuesday that they would agree to meet only if there was a certain agenda to discuss at the meeting.
Wed, 21 Feb 2001
Public vehicles told to use gas to curb pollution
Public vehicles told to use gas to curb pollution JAKARTA (JP): Public transportation vehicles in the capital will be required to use natural gas by the end of this year at the latest, State Minister of the Environment Sonny Keraf said on Tuesday.
Wed, 21 Feb 2001
Akbar ready for probe over alleged scam
Akbar ready for probe over alleged scam JAKARTA (JP): House of Representatives Speaker Akbar Tandjung said on Tuesday that he was ready to be questioned by the police in connection with a report about his alleged involvement in a land scam.
Wed, 21 Feb 2001
Oil holds steady bracing for possible OPEC cut
Oil holds steady bracing for possible OPEC cut LONDON (Reuters): Oil prices held firm on Tuesday amid growing expectations that the OPEC cartel could curb supplies again.London's Brent crude futures for April delivery traded one cent lower at US$27.30 a barrel. U.S.
Wed, 21 Feb 2001
Dialog vital to settle crisis, say observers
Dialog vital to settle crisis, say observers JAKARTA (JP): A solution to the country's myriad problems could be best sought through dialogs between members of the political elite, two foreign statesmen suggested on Tuesday.
Wed, 21 Feb 2001
Economy grew 4.77% in 2000, but growth may slow in 2001
Economy grew 4.77% in 2000, but growth may slow in 2001 JAKARTA (JP): The economy grew by 4.77 percent in 2000 after three years of recession, the Central Bureau of Statistics (BPS) reported on Tuesday.But BPS said that the economy, as measured by gross domestic product (GDP), declined by 0.