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Tue, 13 Mar 2001
Govt to raise fuel prices for industry
Govt to raise fuel prices for industry JAKARTA (JP): The government decided on Monday to raise fuel prices for industries by 50 percent up to 100 percent on April 1 but keep kerosene and fuel prices at gas stations unchanged until October to protect the poor.
Tue, 13 Mar 2001
SCB, BII sign deal
SCB, BII sign deal JAKARTA (JP): Standard Chartered Bank (SCB) customers are now able to pay their credit card bills through Bank Internasional Indonesia (BII) automatic teller machines (ATMs) under an agreement signed here on Monday.
Tue, 13 Mar 2001
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on March 12, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo Tbk 1,700 -50 478,500 Adindo Foresta 110 -5 5,000 AGIS Tbk 180 -10 1,812,500 Alakasa 140 0 0...
Tue, 13 Mar 2001
Govt officially declares GAM as separatists
Govt officially declares GAM as separatists JAKARTA (JP): The government officially declared on Monday the Free Aceh Movement (GAM) as separatists with a clear aim to separate Aceh province from the unitary Republic of Indonesia.
Tue, 13 Mar 2001
Where to go in Bandung:
Where to go in Bandung:Exhibition* Handicrafts NTT Traditional Handicrafts, the lobby of Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 4231631), 9 a.m. to 9 p.m., until March 31.Performances* Sundanese Traditional Drama Dalemcuka, Gedung Kesenian Rumentang Siang, Jl.
Tue, 13 Mar 2001
RI's chaotic decentralization
RI's chaotic decentralizationBy Hans W. Vriens JAKARTA (JP): Two months ago Indonesia overnight moved from one of the most centralized to one of the most decentralized states in the world. The first results are not promising.
Tue, 13 Mar 2001
APP faces slew of S'pore court actions
APP faces slew of S'pore court actions SINGAPORE (Reuters): Debt-ridden Asia Pulp and Paper (APP) and several units face eight lawsuits by ABN Amro NV, Credit Lyonnais and others for tens of million of dollars in Singapore courts in the next few weeks.
Tue, 13 Mar 2001
Several buses hijacked during massive strike
Several buses hijacked during massive strike JAKARTA (JP): Monday's mass student rally was marked by the hijacking of several buses with their drivers being forced to transport protesters to the scene of the demonstration.
Tue, 13 Mar 2001
Gus Dur refuses to step down
Gus Dur refuses to step down JAKARTA (JP): President Abdurrahman "Gus Dur" Wahid remained unmoved despite loud protest on Monday by thousands of students besieging the presidential palace calling for his resignation.
Tue, 13 Mar 2001
Asian stocks end down on Wall Street losses
Asian stocks end down on Wall Street losses HONG KONG (Dow Jones): Asian stocks fell sharply Monday in a stereotypical knee-jerk reaction to Wall Street's heavy losses Friday.But in some markets - specifically Indonesia, Japan and Hong Kong - domestic concerns aggravated the already bearish...
Tue, 13 Mar 2001
U.S.-China tension is bad for Southeast Asia
U.S.-China tension is bad for Southeast AsiaBy Kavi Chongkittavorn BANGKOK: With U.S.-China tension steadily on the increase, Southeast Asia's future strategic environment is full of uncertainties. For the region, it comes at the worst time as China has become more aggressive, especially in its...
Tue, 13 Mar 2001
Call for national strike gets mixed response
Call for national strike gets mixed response JAKARTA (JP): The Jakarta Student Executive Boards' (BEMs) call for a national strike received a mixed response from both the people and university students nationwide, and life practically went on as normal in all cities in the country on Monday,...
Tue, 13 Mar 2001
Asian currencies down late, rupiah plunges to 30-month low
Asian currencies down late, rupiah plunges to 30-month low SINGAPORE (Dow Jones): The Indonesian currency Monday suffered one of its hardest blows since the Asian financial crisis, plunging below the Rp 11,000 rupiah level in intraday dealings, though its spillover effect on other Asian currencies...
Tue, 13 Mar 2001
Akbar briefs Gus Dur on scam
Akbar briefs Gus Dur on scam JAKARTA (JP): House of Representatives Speaker Akbar Tandjung admitted on Monday to have met with President Abdurrahman Wahid in connection with his alleged involvement in a land scam in the past.
Tue, 13 Mar 2001
Dodgy land deal sealed by group
Dodgy land deal sealed by group JAKARTA (JP): About 30 former employees of the now defunct Ministry of Information sealed entry to a 14,198-square meter plot of land in South Jakarta on Monday which once belonged to the ministry's State Film Production Company (PPFN).
Tue, 13 Mar 2001
'Baku Bae' team meets Maluku governor
'Baku Bae' team meets Maluku governor AMBON, Maluku (JP): The Maluku's Baku Bae reconciliation team met with Maluku Governor Saleh Latuconsina here on Monday in an effort to establish a neutral turf for the two warring camps and speed up the recovery process in the riot-torn province.
Tue, 13 Mar 2001
Net delivery service puts women first
Net delivery service puts women firstBy Dwi Rahayu JAKARTA (JP): Joko is a tall, well-groomed young man who is glad to be at your beck and call.Need that important document you accidentally left at home? Craving a takeout order of mutton fried rice from Kebon Sirih in Central Jakarta but loath to...
Tue, 13 Mar 2001
KOSTRAD
KOSTRAD Correction: The story Kostrad to launch new intelligence battalion which appeared on Monday, March 12, 2001, should have read Kostrad to launch new intelligence platoon. We apologize for the error. -- Editor
Tue, 13 Mar 2001
Centralink wins bid to purchase Indocoal
Centralink wins bid to purchase Indocoal JAKARTA (JP): PT Centralink Wisesa, in a joint venture with Thai coal mining firm Banpu Plc, has won the bid to purchase Indocoal, a group of four coal mining companies in Sumatra and Kalimantan.
Tue, 13 Mar 2001
Refugees want to return to Sampit
Refugees want to return to Sampit SURABAYA: Governor Imam Utomo said here on Monday most Madurese refugees displaced from Sampit and Palangkaraya, Central Kalimantan, by ethnic violence refused to be relocated to their hometowns in Madura, East Java.
Tue, 13 Mar 2001
Court to continue trying Aceh activist
Court to continue trying Aceh activist BANDA ACEH, Aceh (JP): The judges of the Banda Aceh District Court ruled on Monday that the court could continue to try Acehnese independence activist Muhammad Nazar, ruling that the court had legal grounds on which to proceed.
Tue, 13 Mar 2001
Nine RP policemen jailed for life
Nine RP policemen jailed for life MANILA (AFP): Nine Philippine policemen were jailed for life here on Monday for the murder of two men, a lower court said.Chief Inspector Francisco Alhambra and another policeman were found guilty of murdering two members of a family and wounding a third in a 1993...
Tue, 13 Mar 2001
The crisis deepens
The crisis deepens The rupiah predictably plunged past 11,000 to the U.S. dollar on Monday morning before closing slightly up at 10,700. It dragged down the composite price index of the Jakarta Stock Exchange (JSX) to 396.611, below the psychologically important 400 point level, and a 4.
Tue, 13 Mar 2001
Bind them with your brand
Bind them with your brandBy Rhenald Kasali JAKARTA (JP): "If you build they'll come," says Steve Rifkin, and that is correct. If one builds the right community, people will soon flock and fill up that community.That was what Yahoo did when it set up a health site in its portal.
Tue, 13 Mar 2001
City to disburse part of Rp 73b fund to 267 subdistricts
City to disburse part of Rp 73b fund to 267 subdistricts JAKARTA (JP): The city administration will soon disburse part of the Rp 73 billion (US$7.3 million) budget allocated for its 267 subdistricts which are complaining of their inability to cover their operational costs, an official said on...
Tue, 13 Mar 2001
PBSI pledges changes after All England failure
PBSI pledges changes after All England failure JAKARTA (Agencies): The Badminton Association of Indonesia (PBSI) will revise it training programs for the men's singles and mixed doubles following the poor showing of its shuttlers in both events at the just-concluded All England Open Championships...
Tue, 13 Mar 2001
FORKI selects 19 karatekas for SEA Games
FORKI selects 19 karatekas for SEA Games SEMARANG (JP): The Indonesian Karate-Do Federation (FORKI) has selected 19 karatekas comprising 11 men and eight women to perform in the Southeast Asian (SEA) Games in Kuala Lumpur in September.
Tue, 13 Mar 2001
U.S. delegation to assess aid
U.S. delegation to assess aid JAKARTA: A United States delegation will visit Indonesia beginning Tuesday to assess the country's food situation and its need for food aid, the American Embassy said on Monday.
Tue, 13 Mar 2001
Sinar Mas offers Rp 23.10t in fixed asset collateral to IBRA
Sinar Mas offers Rp 23.10t in fixed asset collateral to IBRA JAKARTA (AFX-ASIA): The Sinar Mas Group has offered the Indonesian Bank Restructuring Agency (IBRA) fixed-asset collateral valued at Rp 23.10 trillion (about US$2.
Tue, 13 Mar 2001
Closures pose threat to Aceh's fertilizer plants
Closures pose threat to Aceh's fertilizer plants JAKARTA (JP): Aceh-based fertilizer companies PT Pupuk Iskandar Muda (PIM) and PT ASEAN Aceh Fertilizer (AAF) expect monthly loses of up to Rp 85 billion (about US$8.
Tue, 13 Mar 2001
Rupiah hits 11,500 against dollar as politics heat up
Rupiah hits 11,500 against dollar as politics heat up JAKARTA (JP): The rupiah plunged on Monday to an intraday low of 11,500 against the U.S. dollar amid growing political concerns as thousands of students took to the streets to demand President Abdurrahman Wahid resign.
Tue, 13 Mar 2001
Rupiah rate March 12
Rupiah rate March 12 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,225.00 11,225.00 10,671.00 10,779.00Australian dollar 1 5,200.44 5,714.65 5,427.27 5,487.59Austrian schilling 1 692.92 761.02 723.15 730.78Belgian franc 1 236.36 259.59 246.67 249.
Tue, 13 Mar 2001
Oil tiptoes down, awaits news on cuts
Oil tiptoes down, awaits news on cuts SINGAPORE (Reuters): Oil prices were marginally softer on Monday despite renewed calls from some OPEC producers for fresh curbs on output when the cartel meets to review production policy on Friday.U.S.
Tue, 13 Mar 2001
Malaysian official calls for calm following bloodshed
Malaysian official calls for calm following bloodshed KUALA LUMPUR (Agencies): Malaysia's deputy prime minister appealed for calm on Monday in a neighborhood still seething after days of bloody clashes between Indians and Malays, the worst racial violence in over 30 years.
Tue, 13 Mar 2001
Communities without faces
Communities without facesBy Tjipto Ramuni JAKARTA (JP): Roy Sembel is a financial and investment expert. He assigns himself to educate people so that they will have a better understanding about money and investment. Hence, almost all of his writings are influenced by this "personal" assignment.
Tue, 13 Mar 2001
Statoil withdrawal should not affect Vietnam gas project
Statoil withdrawal should not affect Vietnam gas project HANOI (DPA): Partners in Vietnam's largest-ever foreign investment said Monday they plan to go ahead with their huge gas project despite Norway state oil company Statoil's recent announcement that it will pull out of the deal.
Tue, 13 Mar 2001
INRO members meet in India to discuss rubber stocks
INRO members meet in India to discuss rubber stocks COONOOR, India (Dow Jones): Delegates to the Association of Natural Rubber Producing Countries meeting in Cochin in south India this week will discuss the future of the rubber industry, an official from Rubber Board of India said Monday.
Tue, 13 Mar 2001
People swarm money changers
People swarm money changers BANDUNG: The weakening rupiah, which fell to over Rp 11,000 against the U.S. dollar on Monday, resulted in a rush on money changers as people exchanged their dollars.Even before these businesses opened at 9 a.m.
Tue, 13 Mar 2001
Woman jailed for dumping baby in Garuda plane
Woman jailed for dumping baby in Garuda plane JAKARTA (JP): A migrant worker was sentenced to 10 months imprisonment on Monday for abandoning her newly born baby in the toilet of a Garuda Indonesia aircraft which brought her home from Saudi Arabia.
Tue, 13 Mar 2001
BUN abused Rp 5 trillion of liquidity support
BUN abused Rp 5 trillion of liquidity support JAKARTA (JP): Tycoon Kaharudin Ongko and banker Leonard Tanubrata of the now defunct Bank Umum Nasional misappropriated more than Rp 5 trillion (US$476 million) of Bank Indonesia liquidity support funds to finance affiliated businesses, prosecutors said...
Tue, 13 Mar 2001
TNI's role in Indonesia
TNI's role in Indonesia I understand the full support pak Soegih Arto has for the Indonesian Military (TNI) as he is a retired military officer. If KKN (corruption, collusion and nepotism) was all over the board in Indonesia under Soeharto, it was mainly because lots of TNI officers were involved...
Tue, 13 Mar 2001
Fresh tomatoes for prosecutors
Fresh tomatoes for prosecutors JAKARTA (JP): Student demonstrators hurled dozens of fresh tomatoes at the Attorney General's Office compound at Jl. Sultan Hasanuddin No.1, South Jakarta, on Monday as they protested to demand an independent prosecutors' office.
Tue, 13 Mar 2001
TNI may take control of security affairs
TNI may take control of security affairs KARAWANG, West Java (JP): Army chief of staff Gen. Endriartono Sutarto warned on Monday that the Indonesian Military (TNI) would take control of security affairs from the National Police if the political situation deteriorates into chaos.
Tue, 13 Mar 2001
Rates for tax payment, valid from March 12 to March 18
Rates for tax payment, valid from March 12 to March 18 U.S. dollar 1 Rp 9,810.00Austrian schilling 1 Rp 662.59Australian dollar 1 Rp 4,993.29Belgian franc 1 Rp 226.01Canadian dollar 1 Rp 6,331.48Swiss franc 1 Rp 5,921.77Deutschemark 1 Rp 4,663.66Danish krone 1 Rp 1,229.54French franc 1 Rp 1,389.
Tue, 13 Mar 2001
Prijadi asked to impose tax on raw leather exports
Prijadi asked to impose tax on raw leather exports JAKARTA (JP): Minister of Industry and Trade Luhut Panjaitan has proposed that Minister of Finance Prijadi Praptosuhardjo reimpose an export tax on raw leather in a bid to protect the country's ailing tanning industry.
Mon, 12 Mar 2001
Students nabbed for alcohol
Students nabbed for alcohol PURWOKERTO, Central Java: Eight high school students in Banyumas, Central Java, were arrested by local police for consuming alcohol at a marketplace on Saturday.Banyumas Police chief Comr.
Mon, 12 Mar 2001
Engaging in 'Friday politics'
Engaging in 'Friday politics'By Rachmad Bahari JAKARTA (JP): Political lobbying among parties or interest groups is quite normal. But there is something different about the lobbying after Friday prayers at Al Furqon and Al Azhar mosques in the last two weeks.
Mon, 12 Mar 2001
No military option in Aceh
No military option in Aceh Statements by top Indonesian Military (TNI) officers last week signaled mounting pressure on President Abdurrahman Wahid to take a harder line against the Free Aceh Movement (GAM), with which he has been negotiating for a peaceful solution to the Aceh problem.
Mon, 12 Mar 2001
KL seeks no bilateral deals
KL seeks no bilateral deals KUALA LUMPUR, Malaysia (AP): Malaysia's trade minister said Saturday that her country has no intention of pursuing a bilateral free trade agreement with any nation.Rafidah Aziz said that Malaysia is already committed to the free trade area being created by the 10-member...
Mon, 12 Mar 2001
Rupiah set for another bad week
Rupiah set for another bad weekBy Bernie K. Moestafa JAKARTA (JP): The rupiah is unlikely to recover from last week's dip to the 10,000 level as worries over lingering political concerns, unresolved unrest in Central Kalimantan, and a planned increase in fuel prices will continue to undermine the...