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Sat, 23 Sep 2000
Conversion Rates
Conversion RatesBank Indonesia's conversion rates on Sept. 22, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,235.00 9,235.00 8,691.00 8,779.00Australian dollar 1 4,497.13 5,047.85 4,746.16 4,798.60Austrian schilling 1 514.38 577.24 542.86 548.
Fri, 22 Sep 2000
Jafco offers $2m for IT firms
Jafco offers $2m for IT firms JAKARTA (JP): Jafco investment of Asia Pacific (JafcoAsia), a Japanese venture capital company, is offering a total of US$2 million in seed capital for local small and medium enterprises in the information technology (IT) industry.
Fri, 22 Sep 2000
More W. Java people to work abroad
More W. Java people to work abroad BANDUNG: The number of West Java residents working abroad will probably increase this year, judging from the growing number of people applying for passports to work overseas.
Fri, 22 Sep 2000
Cohen should be much wiser
Cohen should be much wiser Many if not most Indonesians would agree with William Cohen's stern message to the Indonesian government to disarm the pro- Indonesia militia. However, it is evident that the way he conveyed it has sparked responses that may be counterproductive to the efforts to bring...
Fri, 22 Sep 2000
Abdurrahman's options
Abdurrahman's options Hardly a day seems to pass these days without President Abdurrahman Wahid getting himself embroiled in one controversy or another with either the House of Representatives (DPR) or the People's Consultative Assembly (MPR).
Fri, 22 Sep 2000
Fitch reaffirms RI's long-term forex rating at B-minus
Fitch reaffirms RI's long-term forex rating at B-minus JAKARTA (Dow Jones): Ratings agency Fitch IBCA Ltd. said Thursday it had affirmed Indonesia's long-term foreign currency rating at single-B-minus with a stable outlook.
Fri, 22 Sep 2000
Maan maintains lead, Ilyassak closes in
Maan maintains lead, Ilyassak closes in TANGERANG, West Java (JP): Fighting off a stubborn cold, Maan Nasim came closer on Thursday to winning the Rp 27 million top prize at the Andersen Consulting Challenge golf tournament at the Bumi Serpong Damai course.
Fri, 22 Sep 2000
Mahathir blasts Western media
Mahathir blasts Western media KUALA LUMPUR (DPA): Malaysian Prime Minister Mahathir Mohamad on Thursday blasted the foreign media as "racist" and "arrogant" know-it-alls who should learn how to be humble and fair in their reporting.
Fri, 22 Sep 2000
Two ex-soldiers jailed for counterfeiting
Two ex-soldiers jailed for counterfeiting JAKARTA (JP): Two former servicemen, Ismail Putra and Eddy Kereh, were sentenced on Thursday to seven years and four years in jail respectively, for their roles in producing Rp 19.2 billion (US$2.2 million) in counterfeit money.
Fri, 22 Sep 2000
APEC wants quick implementation of Asia Gas Grid
APEC wants quick implementation of Asia Gas Grid JAKARTA (JP): The Asia Pacific Economic Cooperation's (APEC) Partnership for Equitable Growth (PEG) and the Indonesian Chamber of Commerce and Industry (Kadin) have called on Asian countries, especially China and Indonesia, to realize the plan of...
Fri, 22 Sep 2000
Asia's appetite for natural gas growing fast
Asia's appetite for natural gas growing fast BANGKOK (Reuters): As global crude prices keep rising, Asian oil consuming nations are turning to less expensive and environmentally cleaner natural gas.Across Asia from Australia to Japan and India, power producers, which are major users of natural gas,...
Fri, 22 Sep 2000
Dutch firm appeals ship's seizure
Dutch firm appeals ship's seizure JAKARTA (JP): A Dutch firm has appealed to the Riau High Court over a July 2000 verdict by Batam District Court that endorsed the seizure of one of its ships and punished its captain for sand smuggling.
Fri, 22 Sep 2000
Jl. Jatibaru closed to traffic
Jl. Jatibaru closed to traffic JAKARTA (JP): Due to the construction work in progress, Jl.Kebon Jati in the busy Tanah Abang area in Central Jakarta would be closed to traffic for about three months starting from Thursday.
Fri, 22 Sep 2000
Train commuters ran amok over delay
Train commuters ran amok over delay JAKARTA (JP): Upset over a delay, some 100 passengers on a Bekasi-Kota electric train ran amok at the Jatinegara train station in East Jakarta on Thursday morning.There were no injuries in the incident, but the mob destroyed doors, windows and equipment in the...
Fri, 22 Sep 2000
Prosecutor files appeal against Djoko verdict
Prosecutor files appeal against Djoko verdict JAKARTA (JP): Prosecutors here on Thursday formally submitted appeal notes against the recent verdict which exonerated Djoko S. Tjandra from the Rp 546 billion (US$65 million) Bank Bali scandal.
Fri, 22 Sep 2000
Indonesia won't start coffee retention in October: Luhut
Indonesia won't start coffee retention in October: Luhut JAKARTA (Reuters): Indonesia will not be able to start holding back coffee stock on Oct. 1 as part of a global plan to lift prices, because it is still seeking money to finance the scheme, Trade and Industry Minister Luhut Pandjaitan said on...
Fri, 22 Sep 2000
Jakarta PDI-P to elect new chairman
Jakarta PDI-P to elect new chairman JAKARTA (JP): The Jakarta chapter of the Indonesian Democratic Party of Struggle (PDI Perjuangan) is due to elect a new chairman on Friday to replace outgoing Roy B.B. Janis who has assumed a post on the central executive board.
Fri, 22 Sep 2000
PSM victorious, PKT overthrown
PSM victorious, PKT overthrown MAKASSAR, South Sulawesi (JP): Home favorites PSM Makassar thrashed visiting Royal Thai Air Force (RTAF) 6-1 in the home leg of its second round match of the Asian Club Football Championships at Mattoangin stadium here on Wednesday.
Fri, 22 Sep 2000
Soeharto's trial
Soeharto's trialFrom Rakyat MerdekaObserving the process of Soeharto's trial on Aug. 31 at the Ministry of Agriculture's auditorium, South Jakarta, as an ordinary citizen I was deeply disappointed because at a time when people want the supremacy of the law to be established, the presiding judge...
Fri, 22 Sep 2000
Conversion Rates
Conversion RatesBank Indonesia's conversion rates on Sept. 21, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,275.00 9,275.00 8,731.00 8,819.00Australian dollar 1 4,455.26 4,998.30 4,700.77 4,752.56Austrian schilling 1 509.24 571.11 537.30 543.
Fri, 22 Sep 2000
The future of toll road investment
The future of toll road investment The following is the second of two articles on the toll road sector by Heru Dewanto, executive director of the Jakarta-based Center for Technology and Industry Development.
Fri, 22 Sep 2000
On marriage law
On marriage lawFrom Media IndonesiaI would like to respond to a report that State Minister for Empowerment of Women's Roles Khofifah Indar Parawansa, which approves of a proposal made by the central governing board of the Islamic Union that Government Regulation No. 10/1983 should be revoked.
Fri, 22 Sep 2000
Nigeria okays telecoms plan
Nigeria okays telecoms plan ABUJA, Nigeria (AFP): The Nigerian government on Wednesday approved a US$10 billion development plan for the state-run telecoms company NITEL, casting doubt on its place in the country's slow-moving privatization program.
Fri, 22 Sep 2000
Malaysian palm oil futures ends lower
Malaysian palm oil futures ends lower KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower on Thursday as players resumed selling following bearish data from private forecaster Ivan Wong.Wong said Malaysia's palm oil production was expected to increase 9.4 percent to 1.
Fri, 22 Sep 2000
City Hall to purchase bomb detectors to improve security
City Hall to purchase bomb detectors to improve security JAKARTA (JP): After receiving at least two bomb threats over the past three days, the city administration plans to purchase seven bomb detectors and make significant improvements to the security system at the City Hall building complex.
Fri, 22 Sep 2000
Pertamina, Petronas sign initial pact on gas sales
Pertamina, Petronas sign initial pact on gas sales JAKARTA (JP): State oil and gas company Pertamina has signed the initial agreement with Malaysian state oil and gas company Petronas which will allow Pertamina's contractor Conoco Inc.
Fri, 22 Sep 2000
House plans to investigate Kostrad scandal: Muhaimin
House plans to investigate Kostrad scandal: Muhaimin JAKARTA (JP): The House of Representatives plans to investigate allegations of a Rp 189 billion corruption scandal at a foundation ran by the Army Strategic Reserves Command (Kostrad) although the Army has dismissed allegations of graft.
Fri, 22 Sep 2000
Seven musicals on offer at Teater Utan Kayu at weekend
Seven musicals on offer at Teater Utan Kayu at weekend JAKARTA (JP): In the past few years we have seen Woody Allen's Everyone Says I love You, Kenneth Branagh's Love's Labor's Lost and our own Riri Riza's phenomenal success Petualangan Sherina. All musicals.
Fri, 22 Sep 2000
Filipino refugees to be put in camp
Filipino refugees to be put in camp KUALA LUMPUR (AFP): Filipinos fleeing to Malaysia to escape a military attack on extremist rebels will be treated as war refugees and placed in a camp, Prime Minister Mahathir Mohamad said here on Thursday.
Fri, 22 Sep 2000
Tangerang mosque project needs funds
Tangerang mosque project needs funds TANGERANG (JP): The Rp 21 billion Grand Mosque project in Tangerang, which began in 1995, has still not been completed because of a lack of funds."West Java Governor Nuriana should have allocated some money for the project," Sagaf Usman, chairman of the...
Fri, 22 Sep 2000
Navy needs more warships
Navy needs more warships CILACAP, Central Java (JP): Indonesian Navy's Eastern Fleet Commander Rear Admiral Adi Haryono said on Thursday that the Navy needed more warships in safeguarding the country's waters from sea intruders, citing that its current 114 warships were far from enough.
Fri, 22 Sep 2000
Activists caught for drugs
Activists caught for drugs BANDUNG: Two members of non-governmental antinarcotics and anticrime organizations were caught red handed by police using crystal methamphetamine, locally known as shabu shabu, in a red light district here on Thursday.Police confiscated 0.
Fri, 22 Sep 2000
Batam asks for free trade zone status
Batam asks for free trade zone status JAKARTA (JP): The Batam Industrial Development Authority urged the government on Thursday to change the island's status from an industrial bonded zone to a free trade area to make it more attractive and credible for foreign investment.
Fri, 22 Sep 2000
Police detain ten students in clash near Soeharto's house
Police detain ten students in clash near Soeharto's house JAKARTA (JP): A fierce clash between riot police and anti- Soeharto student protesters erupted again near the residence of the former president on Thursday evening after the students incited the conflict by pelting stones and Molotov...
Fri, 22 Sep 2000
Hostages could be freed very soon, says RP official
Hostages could be freed very soon, says RP official JOLO, Philippines (AP): Philippine troops attacked an area on a remote island where Muslim rebels are believed to be holding an American hostage and hope to rescue him very soon, a government spokesman said on Thursday.
Fri, 22 Sep 2000
Telkom blasts AriaWest for suspending line installment
Telkom blasts AriaWest for suspending line installment BANDUNG (JP): State owned telecommunications company PT Telkom blasted its partner, American AT&T subsidiary, PT AriaWest International, for suspending the installation of new telephone lines in West Java amid their escalating disagreement.
Fri, 22 Sep 2000
Asian currencies mixed late
Asian currencies mixed late SINGAPORE (Dow Jones): Asian currencies were mixed late Thursday, with the South Korean won resuming its downward spiral after a two-day pause.Persistently high oil prices, which hit a 10-year peak overnight, a slide in the Korean stock market and lingering concerns over...
Fri, 22 Sep 2000
A dream comes true for Candra, Tony after winning Sydney golds
A dream comes true for Candra, Tony after winning Sydney golds SYDNEY (JP): When the dream comes true, sometimes it is difficult to believe.For world men's doubles number one pair Tony Gunawan and Candra Wijaya, winning the elusive Olympic gold medal was their most coveted title until they snatched...
Fri, 22 Sep 2000
Two die as clash breaks out in Maluku's Saparua island
Two die as clash breaks out in Maluku's Saparua island AMBON, Maluku (JP): A community clash broke out in Saparua island, Maluku, on Thursday, leaving two people dead and four others injured.At least 40 houses in the predominantly Christian Siri Sori Kristen village were burned down during the...
Fri, 22 Sep 2000
Salim Group 'obeys MSAA agreement'
Salim Group 'obeys MSAA agreement' JAKARTA (JP): Attorney General Marzuki Darusman said on Thursday that only the Salim Group had so far properly observed the Master of Settlement and Acquisition Agreement (MSAA).
Fri, 22 Sep 2000
Education ministry to submit Rp 25t budget
Education ministry to submit Rp 25t budget JAKARTA (JP): The Ministry of National Education is set to submit a Rp 25 trillion education budget for 2001."This proposal, however, does not include the budget for sports," Minister Yahya Muhaimin told journalists on Thursday.
Fri, 22 Sep 2000
Humanitarian pause brought more casualties, says Graito
Humanitarian pause brought more casualties, says Graito JAKARTA (JP): Indonesian Military (TNI) spokesman Rear Marshall Graito Usodo said on Thursday that the humanitarian pause in restive Aceh province had failed to create a positive environment to settle the region's problems and had led to more...
Fri, 22 Sep 2000
'Envoys unconcerned with Jakarta's security'
'Envoys unconcerned with Jakarta's security' JAKARTA (JP): Jakarta diplomatic corps dean Ribhi Y. Awad said on Thursday that foreign ambassadors and their staff had only taken on modest security precautions following recent acts of terrorism in the capital.
Fri, 22 Sep 2000
China to pose as tough competitor for ASEAN nations
China to pose as tough competitor for ASEAN nations BANDAR SERI BEGAWAN (AFP): Southeast Asia must prepare for tougher competition from China after the US Senate voted overwhelmingly to normalize trade ties with Beijing, officials said here Thursday.
Fri, 22 Sep 2000
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 21, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 960 125 1,334,500 Adindo Foresta Indonesia 205 0 64,500 Alakasa Industrindo 570 70 500 Alfa...
Fri, 22 Sep 2000
No political motives behind Fachrul's dismissal: Widodo
No political motives behind Fachrul's dismissal: Widodo JAKARTA (JP): Indonesian Military (TNI) Commander Adm. Widodo A.S. denied political motives were behind the dismissal of TNI deputy chief Gen. Fachrul Razi, calling the move part of an ongoing program in military headquarters.
Fri, 22 Sep 2000
Ongko's five units bankrupt
Ongko's five units bankrupt JAKARTA (AFX-ASIA): The Jakarta Commercial Court has declared five Ongko Group units bankrupt after they failed to settle a total of US$100 million in matured debts, judge Mahdi Soroinda Nasution said.
Fri, 22 Sep 2000
PT Newmont says Batu Hijau gives twice expected cash flow
PT Newmont says Batu Hijau gives twice expected cash flow MELBOURNE (Dow Jones): PT Newmont Nusa Tenggara's Batu Hijau copper and gold plant in Sumbawa, Indonesia, produced around 265.8 million pounds of copper and 165,000 troy ounces of gold in its first year of production, Tom Enos, the company's...
Fri, 22 Sep 2000
Mutual understanding vital for sex in your sixties
Mutual understanding vital for sex in your sixtiesBy Rochmat Darodjat BANDUNG (JP): "Frankly, my husband and I still need sex," says 62-year-old Rokayah loudly to a cheering audience in a seminar."I say this in front of you all, men and woman of my age, with a sincere intention to share experiences...
Fri, 22 Sep 2000
Month-long crackdown on criminals planned
Month-long crackdown on criminals planned JAKARTA (JP): All top city officials, including those in the police and military, are to meet on Friday in preparation for the planned month-long joint raid in the capital against criminal activities, particularly the possession of fire arms and explosive...