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Wed, 26 Jul 2000
Islamic banks sign syndicated loan deal
Islamic banks sign syndicated loan deal JAKARTA (JP): Bank Muamalat, Bank Syariah Mandiri, both of which operate under Islamic banking principles, and Bank IFI inked a Rp 70 billion (US$8.2 million) syndicated loan deal on Tuesday with a local private hospital for financing the latter's purchase of...
Wed, 26 Jul 2000
SembCorp, Tubindo tie up
SembCorp, Tubindo tie up SINGAPORE (AFX-ASIA): SembCorp Logistics Ltd said wholly-owned unit Singapore Offshore Petroleum Services has entered into a S$17 million joint venture deal with PT Citra Tubindo to set up a network of offshore oil and gas logistics supply bases in Indonesia.
Wed, 26 Jul 2000
ASEAN states ask or funds to shape Mekong region
ASEAN states ask or funds to shape Mekong region BANGKOK (AFP): ASEAN's comparatively poor new members are clamoring for a piece of the region's economic action and called Tuesday for funds to accelerate the Mekong Basin development.
Wed, 26 Jul 2000
Bambang joins Ernst & Young
Bambang joins Ernst & Young JAKARTA (JP): Former minister of finance Bambang Subianto has joined global consultant firm Ernst & Young, Hanadi, Sarwoko & Sandjaja, the company announced on Monday.The company said Bambang, who served as finance minister from 1998 to 1999, was joining its Corporate...
Wed, 26 Jul 2000
Hike in transportation fare
Hike in transportation fareFrom Suara KaryaOn July 1, 2000 the government introduced a hike in transportation fares, ranging between 30 percent and 40 percent. Unfortunately, this fare increase was not coupled with improved service.
Wed, 26 Jul 2000
Romo relatives lose court case
Romo relatives lose court case YOGYAKARTA: Relatives of the late essayist and novelist Y.B. Mangunwijaya (Romo Mangun) lost on Tuesday any legal claim to the deceased's estate which was bequeathed to a church and an educational foundation.
Wed, 26 Jul 2000
Bazis collects more alms, donations
Bazis collects more alms, donations JAKARTA (JP): In spite of the economic crisis, the Jakarta Agency for Islamic Tax, Alms and Donations (Bazis Jakarta) collected Rp 8.1 billion (US$862,000) from Muslims in the capital during the year ended March 31.The figure is 20 percent higher than the Rp 6.
Wed, 26 Jul 2000
Muslim cleric shot dead in Pandeglang
Muslim cleric shot dead in Pandeglang PANDEGLANG, West Java (JP): A local leader of the Hizbullah Front Muslim organization was shot dead by a group of four unidentified men armed with a pistol and an automatic weapon here on Monday evening.
Wed, 26 Jul 2000
Papua New Guinea to lead crisis talks on Fiji, Solomon Islands
Papua New Guinea to lead crisis talks on Fiji, Solomon Islands BRISBANE (Reuters): Papua New Guinea will lead a Pacific delegation to Fiji and the Solomon Islands in an attempt to solve political crises which have rocked the region.
Wed, 26 Jul 2000
Customs officials foil drug smuggling
Customs officials foil drug smuggling TANGERANG (JP): Customs and excise officials at Soekarno-Hatta International Airport foiled on Saturday an attempt to smuggle over 10,000 ecstasy pills to Thailand, a police officer revealed on Tuesday.Soekarno-Hatta Airport Police substation chief Asst. Supt.
Wed, 26 Jul 2000
Activists assert rights of people in SE Asia
Activists assert rights of people in SE Asia BANGKOK (JP): Human rights activists from member states of the Association of Southeast Asian Nations (ASEAN) called on Tuesday on the regional grouping to truly prioritize the needs and rights of the peoples in the region.
Wed, 26 Jul 2000
New social safety net to cost Rp 876b
New social safety net to cost Rp 876b JAKARTA (JP): The government will launch in September a three- month social safety net program worth Rp 876 billion (US$96.2 billion) to help victims of the prolonged economic crisis, the program's information center said in a statement on Tuesday.
Wed, 26 Jul 2000
ASEAN Troika not designed for Maluku, says Alwi Shihab
ASEAN Troika not designed for Maluku, says Alwi Shihab BANGKOK (JP): Indonesia affirmed on Tuesday its support for the newly formed ASEAN Troika mechanism designed to cope with transborder issues, but stressed that it would not accept the new mechanism in the bloody sectarian conflict in its...
Wed, 26 Jul 2000
What next for the Supreme Court?
What next for the Supreme Court? The House of Representatives has submitted 17 candidates for Supreme Court justices to the President. The Jakarta Post talked to former justice Adi Andojo Sutjipto who now heads the independent anti-corruption team.
Wed, 26 Jul 2000
Decisive action desperately needed on Malukus
Decisive action desperately needed on MalukusBy Lee Kim Chew SINGAPORE: Desperate for help, Christians in the Malukus had for months appealed to the Indonesian government to allow foreign intervention to stop the sectarian conflict, but no one in Jakarta heeded them.
Wed, 26 Jul 2000
Masked men rob engineering company
Masked men rob engineering company BOGOR (JP): Five masked men armed with daggers robbed an engineering and construction company in Leuwinutug, a police officer said on Tuesday.Bogor Police detective First Sgt. Dwi said the robbery had caused the company Rp 100 million in losses.
Wed, 26 Jul 2000
Pertamina says gas supply to return to normal today
Pertamina says gas supply to return to normal today JAKARTA (JP): The capital was hit by a scarcity of gasoline on Tuesday but state-owned oil and gas company Pertamina gave assurances that the supply would return to normal beginning Wednesday.
Wed, 26 Jul 2000
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Jul. 25, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 640 -35 500 Adindo Foresta Indonesia 310 0 412,500 Alakasa Industrindo 900 0 0 Alfa...
Wed, 26 Jul 2000
Golkar deplores students demo
Golkar deplores students demo SEMARANG: Golkar deplored students from a local Islamic university on Tuesday for conducting a rowdy demonstration, which included burning the party's flags."They are free to despise Golkar, but they cannot show it by that kind of demonstration and burning Golkar's...
Wed, 26 Jul 2000
Good corporate governance vital for privatization: WB
Good corporate governance vital for privatization: WB JAKARTA (JP): The negative perception foreign investors have of Indonesia's corporate governance has hampered the privatization of state companies, a World Bank official said on Tuesday.
Wed, 26 Jul 2000
Yuana can expect a struggle in Olympics
Yuana can expect a struggle in Olympics JAKARTA (JP): Indonesia's best hope in the tae kwon do competition at the Olympic Games, Juana Wangsa Putri, will be severely tested by athletes from Chinese Taipei and the United States, her coach, South Korean Oh Il-nam, said on Tuesday.
Wed, 26 Jul 2000
Wanted: Clean judges
Wanted: Clean judges The more Indonesia strives to become a state based on law, it seems, the more we find that the country is sorely lacking in good and honest judges to administer the courts. This may come across as pathetic but, unfortunately, it is a sad reality.
Wed, 26 Jul 2000
MAS eying Qantas equity participation
MAS eying Qantas equity participation KUALA LUMPUR (Dow Jones): Malaysian Transport Minister Ling Liong Sik Tuesday said the board of directors of Malaysian Airline System Bhd. will discuss a possible equity participation by Australian carrier Qantas Airways Ltd.
Wed, 26 Jul 2000
School janitor killed in Aceh
School janitor killed in Aceh BANDA ACEH, Aceh: A school janitor was found dead in unusual circumstances in the Samudra district of North Aceh on Monday.A worker at Lhokseumawe General Hospital said the body of 55- year-old Misrianto Zakaria was brought in by policemen from Nisam district.
Wed, 26 Jul 2000
Mayor asked to restore order to Melawai area
Mayor asked to restore order to Melawai area JAKARTA (JP): City councillors from Commission B on economic affairs have urged the South Jakarta mayoralty and the city-owned market operator PD Pasar Jaya to make serious efforts to restore order at the popular Plaza Melawai market compound which has...
Wed, 26 Jul 2000
Governor addresses new city employees
Governor addresses new city employees JAKARTA (JP): Governor Sutiyoso welcomed 1,477 employees from the Jakarta offices of four downgraded ministries which were transferred to his administration under Law No. 22/1999 on regional autonomy.
Wed, 26 Jul 2000
Wanted: An effective opposition
Wanted: An effective opposition Functional Group (Golkar) Party Chairman Akbar Tanjung stated recently that "... the former ruling party will in the future consider becoming an opposition party to provide Indonesia with a more balanced political system" (The Jakarta Post, July 20, 2000).
Wed, 26 Jul 2000
Fahmi falls in singles, advances in doubles
Fahmi falls in singles, advances in doubles JAKARTA (JP): Indonesian Yusmawan Fahmi failed in the second round of the Extra Joss Men's Future 4 tournament singles event after bowing out to sixth seed Rik de Voest of South Africa 7-5, 2-6, 3-6 on Tuesday at the Kemayoran tennis center.
Wed, 26 Jul 2000
Facing challenges in changing work attitudes
Facing challenges in changing work attitudesBy Sirikit Syah Terminal Petikemas Surabaya (TPS) started operations in the 1990s. Now a joint venture between the Indonesian government (PT Pelindo III) and P&O, Australian company P&O, it is developing its facility.
Wed, 26 Jul 2000
Conversion Rates
Conversion Rates Bank Indonesia's conversion rates on July 25, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,415.00 9,415.00 8,870.00 8,960.00Australian dollar 1 4,910.99 5,499.30 5,176.53 5,233.54Austrian schilling 1 570.08 638.51 600.90 607.
Wed, 26 Jul 2000
Govt to swap bank recapitalization bonds: Minister
Govt to swap bank recapitalization bonds: Minister JAKARTA (JP): The government plans to reduce the country's bank recapitalization bonds by swapping some for performing loans under the management of the Indonesian Bank Restructuring Agency (IBRA), Minister of Finance Bambang Sudibyo said on...
Wed, 26 Jul 2000
Four firms may be delisted
Four firms may be delisted JAKARTA (JP): The Jakarta Stock Exchange (JSX) has threatened to delist four companies if they do not submit their audited December 1999 financial statements to the JSX by the end of this week.
Wed, 26 Jul 2000
Universal enters telebanking
Universal enters telebanking JAKARTA (JP): Bank Universal announced on Tuesday the launch of its new telebanking service to allow customers to make transactions anywhere and anytime over the telephone.The publicly listed bank said the service was a new concept of banking in which people would no...
Wed, 26 Jul 2000
EC envoy to visit Indonesia
EC envoy to visit Indonesia JAKARTA (JP): European Commissioner for trade Pascal Lamy will visit Indonesia and Singapore from Thursday to Saturday to obtain support for a new round of WTO negotiations and to explain the European Union's position, according to a press statement.
Wed, 26 Jul 2000
Pupuk Kaltim awaits Bapepam approval for IPO
Pupuk Kaltim awaits Bapepam approval for IPO JAKARTA (JP): The registration statement for the initial public offering (IPO) of state-owned fertilizer company PT Pupuk Kaltim has been submitted to the Capital Market Supervisory Agency (Bapepam), a senior government official said on Tuesday.
Wed, 26 Jul 2000
Worldwide PC sales rise on strength of Asia
Worldwide PC sales rise on strength of Asia WASHINGTON (AFP): Strong demand from Asia and Latin America helped push sales of personal computers higher in the second quarter, while growth slowed in the US market, according to two studies released Monday.
Wed, 26 Jul 2000
Thai food promotion a mouth-watering experience
Thai food promotion a mouth-watering experienceBy Mehru Jaffer JAKARTA (JP): Ekarat Ungkunchai, 34, and Suradech Damapong, 23, at first were a little apprehensive about visiting Jakarta. The two Thai chefs have much experience in traveling around the world to promote the spicy cuisine of their...
Wed, 26 Jul 2000
Mixed close for KL palm oil
Mixed close for KL palm oil KUALA LUMPUR (Reuters): Malaysian palm oil futures closed mixed on Tuesday after a session dominated by switch activity.Traders said the activity helped offset slower exports for July 1-25.
Wed, 26 Jul 2000
PKB calls on nation to support Gus Dur until 2004
PKB calls on nation to support Gus Dur until 2004By Ainur R. Sophiaan and Ahmad Junaidi SURABAYA (JP): The National Awakening Party (PKB) plans to issue a statement at the conclusion of its congress on Friday calling on the nation to support President Abdurrahman Wahid through the completion of his...
Wed, 26 Jul 2000
Sutiyoso defends policy on street people operation
Sutiyoso defends policy on street people operation JAKARTA (JP): Governor Sutiyoso defended on Tuesday his decision to launch a massive operation against street people in the capital.He said he was not pretending when he announced his intention to establish security and order in the capital.
Wed, 26 Jul 2000
Rates for tax payment, valid from July 24 to July 30
Rates for tax payment, valid from July 24 to July 30 U.S. dollar 1 Rp 8,845.00Austrian schilling 1 593.93Australian dollar 1 5,097.37Belgian franc 1 206.60Canadian dollar 1 5,970.70Swiss franc 1 5,278.08Deutschemark 1 4,180.85Danish krone 1 1,107.89French franc 1 1,245.92Poundsterling 1 13,223.
Wed, 26 Jul 2000
Jakarta safe for MPR session: Juwono
Jakarta safe for MPR session: Juwono JAKARTA (JP): Security authorities have anticipated the possibility of attempts by certain groups to destabilize the capital during next month's People's Consultative Assembly (MPR) General Session, Minister of Defense Juwono Sudarsono said.
Wed, 26 Jul 2000
Military told to be loyal to state
Military told to be loyal to state JAKARTA (JP): Major House of Representatives factions warned the Indonesian Military (TNI) on Tuesday to pledge its allegiance to the state, instead of merely serving the government's interests.
Wed, 26 Jul 2000
Amien, Akbar want extended Yogyakarta political summit
Amien, Akbar want extended Yogyakarta political summit JAKARTA (JP): People's Consultative Assembly (MPR) Speaker Amien Rais and House Speaker Akbar Tandjung have confirmed their attendance at the Yogyakarta summit scheduled for Aug.
Wed, 26 Jul 2000
Six big firms shortlisted for Indosat mobile phone project
Six big firms shortlisted for Indosat mobile phone project JAKARTA (JP): Six major phone companies have been shortlisted to help state-owned international telephone operator PT Indosat launch its mobile phone business next month.
Wed, 26 Jul 2000
Acehnese rally for referendum
Acehnese rally for referendum JAKARTA (JP): About 1,000 Acehnese rallied in front of the presidential palace on Jl. Medan Merdeka Utara in Central Jakarta on Tuesday, urging the government to hold a referendum in the province.
Wed, 26 Jul 2000
Australian scholarships for Indonesia to continue
Australian scholarships for Indonesia to continue JAKARTA (JP): Despite the turbulence in its relations with Indonesia, Australia is maintaining its cooperation in the educational field with its Asian neighbor.
Wed, 26 Jul 2000
RP hostage crisis enters 4th month, no end in sight
RP hostage crisis enters 4th month, no end in sightBy Mynardo Macaraig JOLO, Philippines (AFP): The Philippine hostage crisis entered its fourth month Monday, with Abu Sayyaf Muslim rebels still holding several dozen hostages in their jungle lair on the southern island of Jolo.
Wed, 26 Jul 2000
ASEAN voices support for RI's territorial integrity
ASEAN voices support for RI's territorial integrityBy Meidyatama Suryodiningrat BANGKOK (JP): Indonesia scored a diplomatic triumph here on Tuesday when the foreign ministers of the Association of Southeast Asian Nations (ASEAN) included an expression of support for the country's territorial...
Wed, 26 Jul 2000
Int'l union steps into Sony row
Int'l union steps into Sony row JAKARTA (JP): An international union has stepped into the dispute surrounding the dismissal of 928 workers from PT Sony Electronics Indonesia.Representatives, including those from Singapore and Japan, of the Geneva-based International Metalworkers Federation (IMF),...