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Fiscal, monetary policy

Fiscal, monetary policy The one to two percentage point increase in deposit interest rates announced by many banks over the last few days might cause inordinate concern about an impending credit crunch.

Indonesia routs Sweden 5-0 in Thomas Cup c'ship

Indonesia routs Sweden 5-0 in Thomas Cup c'shipBy Arif Suryobuwono HONG KONG (JP): Replacing its second singles player with its first did not help Sweden cut its 5-0 loss to Indonesia on the second day of the Thomas Cup men's team badminton championship here yesterday.

March inflation eases, but threat remains

March inflation eases, but threat remainsDadan Wijaksana, The Jakarta Post, Jakarta The Central Bureau of Statistics (BPS) reported on Monday that inflation eased slightly in March, but warned that high inflationary pressures remained a threat, particularly following the latest fuel price hike.

'ASEAN TV' developers to promote understanding

'ASEAN TV' developers to promote understanding JAKARTA (JP): ASEAN TV, which Ariobimo Ekakarma is developing, will operate as a satellite TV network using a transponder of Indonesia's Palapa C-2 satellite, Sharif C. Sutardjo, president of the company, said over the weekend.

Abdullah secures position as UMNO's undisputed leader

Abdullah secures position as UMNO's undisputed leaderEileen Ng, Agence France-Presse/Kuala Lumpur Prime Minister Abdullah Ahmad Badawi has secured his position as Malaysia's undisputed leader by winning the ruling party presidency, brushing aside a surprise challenge from a veteran...

Indonesian president to make quake-delayed Australian visit

Indonesian president to make quake-delayed Australian visit Neil Sands Agence France-Presse/Sydney, AustraliaIndonesian President Susilo Bambang Yudhoyono's determination to visit Australia just days after his country was rocked by a massive earthquake underscores improvements in the once shaky...

Quake hits Jakarta, West Java, ruins houses

Quake hits Jakarta, West Java, ruins houses JAKARTA (JP): An earthquake hit Jakarta and some areas in West Java on Wednesday, destroying dozens of buildings, mostly residents' houses, in Sukabumi and Bogor.

Putting male reality back on the runway

Putting male reality back on the runwaySyahmedi Dean, Contributor, Jakarta When one talks about fashion, there is not much in the way of choice in Jakarta for men. It seems that Indonesia's designers are much more at home creating clothes for women.

ADB warns RI over optimism on inflation

ADB warns RI over optimism on inflation JAKARTA (JP): A senior economist at the Asian Development Bank (ADB) warned Indonesia on Tuesday the negative inflation rate posted in March did not signal a deflationary economy.

Mandela's threat harks back to apartheid age

Mandela's threat harks back to apartheid ageBy Rich Mkhondo JOHANNESBURG (Reuter): By threatening to cut funds to rebellious KwaZulu-Natal, President Nelson Mandela appears to have adopted the tactics used by South Africa's former white governments against errant black homelands, analysts said.

House silent over high-profile graft cases

House silent over high-profile graft casesM. Taufiqurrahman, The Jakarta Post, Jakarta The House of Representatives (DPR) sent out the wrong signal in their anticorruption drive on Monday by taking a weak stance over the termination -- by the Attorney General's Office (AGO) -- of the investigation...

Tax facilities to Soeharto-linked firms to be reviewed: Hamzah

Tax facilities to Soeharto-linked firms to be reviewed: Hamzah JAKARTA (JP): Newly appointed State Minister for Investment Hamzah Haz said yesterday the government would review special tax facilities given to companies owned by the family and friends of former president Soeharto.

Mahathir says in no hurry for elections

Mahathir says in no hurry for elections KUALA LUMPUR (Agencies): Malaysian Prime Minister Mahathir Mohamad said on Friday that he could call general elections at any time but was in no hurry to organize polls.

Economic stability

Economic stability It should have been a surprise to big speculators to find out that the Indonesian financial market had not been jolted by wild fluctuations during the violence-marred election campaign.

ASEAN vows tariff cut on agricultural goods

ASEAN vows tariff cut on agricultural goods MANILA (AFP): ASEAN members pledged Tuesday to speed up import tariff cuts on sensitive products traded within the region, including key agricultural commodities to help rebuild shattered confidence on crisis-hit Asia.

China tones down rhetoric against Taiwan

China tones down rhetoric against Taiwan BEIJING (Reuter): Beijing cooled its diatribes against victorious Taiwan President Lee Teng-hui yesterday, proposing a summit between China's communist leaders and their rivals on the island it claims as a rebel province.

Financial market give cool response to IMF package

Financial market give cool response to IMF package JAKARTA (JP): Indonesia's financial market responded coolly yesterday to the long-waited approval for the disbursement of the International Monetary Fund's second US$1 billion tranche to Indonesia.

SE Asian currencies on slippery ground

SE Asian currencies on slippery ground SINGAPORE (Reuter): Southeast Asian currencies remained on slippery ground yesterday after coming under renewed pressure as the Thai baht slid to new lows.Poor market liquidity and wide spreads added to market volatility as players turned increasingly nervous...

Palapa-C1 satellite ready for launching

Palapa-C1 satellite ready for launchingBy I. Christianto COCOA BEACH, Florida (JP): Palapa-C1, the first of Indonesia's new generation of telecommunication satellites, is ready to be launched from Cape Canaveral, Florida, tomorrow at 7:50 p.m. (Feb. 1 at 7:50 a.m., Indonesian Western Time Zone).

Falling interest rate

Falling interest rate Bank Indonesia has steadily lowered its benchmark interest rate since early last year in a bid to fuel economic recovery and to prod banks to increase new lending to liquidity-starved businesses.

Asian monies mixed late, outperform yen's decline

Asian monies mixed late, outperform yen's declineNetty Ismail, Dow Jones, Singapore Asian currencies were mixed late Wednesday after clambering off their intraday lows, as the dollar remained well-bid against the yen even as it took a breather from its runup to new 39-month highs Tuesday.

'Green' team aims for medals on the links

'Green' team aims for medals on the linksThe Jakarta Post Jakarta After being left off the roster for the 22nd Southeast Asian Games (SEAG) in Vietnam in 2003, golf makes its return in the Philippines this year with Indonesia fielding a team of newcomers.

'Green' team aims for medals on the links

'Green' team aims for medals on the linksThe Jakarta Post Jakarta After being left off the roster for the 22nd Southeast Asian Games (SEAG) in Vietnam in 2003, golf makes its return in the Philippines this year with Indonesia fielding a team of newcomers.

New Toyota Vios

New Toyota ViosNovan Iman Santosa The Jakarta Post JakartaThere are several ways for an automaker to promote a new vehicle to get a leg up on the competition. It can emphasize the vehicle's sleek new design, improved performance, fuel efficiency or all the latest technological gizmos stuffed inside...

Sutiyoso launches first 'Delman' parade

Sutiyoso launches first 'Delman' parade JAKARTA (JP): In a campaign to establish an image of a capital that is safe to invest in and in connection with the city's 473rd anniversary, Governor Sutiyoso launched the first delman (horse- drawn carriage) parade on Sunday.

Temasek says DBS Group remains key asset

Temasek says DBS Group remains key assetDow Jones, Singapore Temasek Holdings Pte. Ltd. Wednesday said DBS Group Holdings Ltd. remains one of the state-owned investment company's key assets, in its first comments after an analyst report questioned whether Temasek still considered Southeast Asia's...

Analysts pessimistic about RI recovery

Analysts pessimistic about RI recovery HONG KONG (Reuters): Indonesia's latest cabinet reshuffle has dashed hopes of any short-term recovery in asset prices, adding fresh political risks for investors considering a return to the country's markets.

JSX rise expected to continue

JSX rise expected to continue JAKARTA (JP): The Jakarta Stock Exchange (JSX) is predicted to perform stronger this week as foreign fund managers become positive about Indonesia's economy."There is no reason for the JSX to lose its uptrend because the foreign fund managers' confidence in Indonesia...

Obuchi optimistic Asia to become center of growth

Obuchi optimistic Asia to become center of growth BANGKOK (Reuters): Japanese Prime Minister Keizo Obuchi, in Thailand on the last leg of a three-nation Southeast Asian visit, said on Friday he was confident that Asia would be the center of growth in the 21st century.

Shares likely to gain ground on consolidation

Shares likely to gain ground on consolidation JAKARTA (JP): Analysts are predicting that share prices on the Jakarta Stock Exchange (JSX) will rise slightly this week on profit taking and consolidation.

World leaders congratulate Susilo

World leaders congratulate SusiloAgencies, JakartaCongratulatory messages from world leaders are pouring in for the victor in Indonesia's historical first direct presidential election, Susilo Bambang Yudhoyono.

NU politicians send warning to PPP leadership

NU politicians send warning to PPP leadership JAKARTA (JP): Nahdlatul Ulama (NU) leaders have sent their strongest signal yet that they intend to win the leadership election at the United Development Party (PPP) in August.

Thai FM rules out autonomy for restive south

Thai FM rules out autonomy for restive southShino Yuasa and Rene Slama, Agence France-Presse/Bangkok Thailand on Monday ruled out any form of autonomy for its Muslim- majority south and said there was no evidence that foreign terror groups linked to al-Qaeda were involved in the region's unrest.

Cutting aid to RI -- does it send a message?

Cutting aid to RI -- does it send a message?By Jim Anderson WASHINGTON (DPA): U.S. National Security Adviser Sandy Berger, accompanying President Clinton in East Asia, said last Friday that nothing has been ruled out in possible U.S.

We can learn a lot from 'Pongo' family

We can learn a lot from 'Pongo' family Just as Asia's only great ape faces its greatest crisis, scientists have released important new findings on the species. The latest research has found that the major differences in appearance, behavior and genetics of orangutans in Sumatra and Borneo warrant...

Inflation threatens economic recovery, says economist

Inflation threatens economic recovery, says economist BOGOR, West Java (JP): The country's economic recovery process is now being threatened by the inflationary pressure caused by the weakening rupiah and greater demand for goods and services, according to noted economist Sri Mulyani.

Indonesia's forex curbs a help or a hindrance?

Indonesia's forex curbs a help or a hindrance? SINGAPORE (Reuters): As foreign banks struggle to get to grips with Indonesia's curbs on offshore rupiah trading it is becoming clear the new rules could well backfire and hinder the currency more than help it.

Govt may protect satellite operator

Govt may protect satellite operator JAKARTA (JP): The government may protect the business of PT Asia Cellular Satellite System (ACeS), a satellite-based Personal Communications Services (PCS) provider, from competition from foreign firms.

Indonesia faces Davis Cup upset in South Korea

Indonesia faces Davis Cup upset in South Korea SEOUL (Agencies): Seoul remains a horrifying battle ground for Indonesia as in-form South Koreans won both opening singles matches for a healthy 2-0 lead over their visitors in the first round of the Davis Cup Asia Oceania Group One yesterday.

Analysts skeptical of new economic ministers

Analysts skeptical of new economic ministers JAKARTA (JP): Analysts doubted the Cabinet reshuffle by President Abdurrahman Wahid on Monday would improve the ability of the government's economic team to lead the country out of its crisis.

;REUTERS;

;REUTERS; ANPAf..r.. Shipping-Malaysia-PortMalaysian port nabs Evergreen from SingaporeJP/cargoPatrick Chalmers Reuters Kuala LumpurMalaysia's Port of Tanjung Pelepas, dealing its second big blow in two years to Singaporean rival PSA, has landed a deal with Taiwanese shipping line Evergreen Marine...

;REUTERS;

;REUTERS; ANPAf..r.. Shipping-Malaysia-PortMalaysian port nabs Evergreen from SingaporeJP/cargoPatrick Chalmers Reuters Kuala LumpurMalaysia's Port of Tanjung Pelepas, dealing its second big blow in two years to Singaporean rival PSA, has landed a deal with Taiwanese shipping line Evergreen Marine...

;REUTERS;

;REUTERS; ANPAf..r.. Shipping-Malaysia-PortMalaysian port nabs Evergreen from SingaporeJP/cargoPatrick Chalmers Reuters Kuala LumpurMalaysia's Port of Tanjung Pelepas, dealing its second big blow in two years to Singaporean rival PSA, has landed a deal with Taiwanese shipping line Evergreen Marine...

;REUTERS;

;REUTERS; ANPAf..r.. Shipping-Malaysia-PortMalaysian port nabs Evergreen from SingaporeJP/cargoPatrick Chalmers Reuters Kuala LumpurMalaysia's Port of Tanjung Pelepas, dealing its second big blow in two years to Singaporean rival PSA, has landed a deal with Taiwanese shipping line Evergreen Marine...

Police reveal reason why bombs discovered

Police reveal reason why bombs discoveredBy Yogita Tahil Ramani JAKARTA (JP): It was God's hand that guided police to Elize Maria Tuwahatu, an alleged acquaintance of fugitive Hutomo "Tommy" Mandala Putra who was arrested with three bombs in her possession at Taman Mini Indonesia Indah (TMII) on...

Reforming state companies

Reforming state companies Tanri Abeng, State Minister of the Empowerment of State Enterprises, should be one of the busiest members of the cabinet because he is in charge of managing almost 160 companies, with combined assets of more than Rp 460 trillion (US$57.6 billion).

Team to curb imports

Team to curb imports The establishment early this month of the Government Project Evaluation Team through President Soeharto's Decree No.19/1996 reaffirmed the government's concern about the widening current account deficit.

ASEAN Social Charter would set a decent social safety net

ASEAN Social Charter would set a decent social safety netPravit Rojanaphruk The Nation Asia News Network/Bangkok Nearly four decades after ASEAN was founded, labor activists say it's time to push for an ASEAN Social Charter that would guarantee a certain level of labor rights across the region.

ASEAN Social Charter would set a decent social safety net

ASEAN Social Charter would set a decent social safety netPravit Rojanaphruk The Nation Asia News Network/Bangkok Nearly four decades after ASEAN was founded, labor activists say it's time to push for an ASEAN Social Charter that would guarantee a certain level of labor rights across the region.

ASEAN Social Charter would set a decent social safety net

ASEAN Social Charter would set a decent social safety netPravit Rojanaphruk The Nation Asia News Network/Bangkok Nearly four decades after ASEAN was founded, labor activists say it's time to push for an ASEAN Social Charter that would guarantee a certain level of labor rights across the region.