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Thu, 06 May 1999
Malaysia in hot seat again over CLOB
Malaysia in hot seat again over CLOBBy Nelson Graves KUALA LUMPUR (Reuters): Malaysia has stirred new doubts about its commitment to market transparency with its handling of a plan to buy up billions of dollars worth of shares formerly traded in Singapore.
Thu, 21 Aug 1997
Controlling prices
Controlling prices Amid the current financial uncertainty and rupiah upheaval, there is some good news. The latest reports from the National Logistics Agency show the level of its rice stocks, now amounting to about three million tonnes, is adequate to cover any shortfall in harvests caused by the...
Thu, 28 Feb 2002
Shake-up at Semen Gresik
Shake-up at Semen Gresik The owners of publicly-listed Semen Gresik finally moved decisively to stop the rot that has been eating away at their cement company since last year. An extraordinary shareholders meeting of the government-controlled company voted on Tuesday to oust its chief executive...
Wed, 02 Jun 2004
U.S. set to up Asian maritime security
U.S. set to up Asian maritime securityRichard Hubbard, Reuters, Singapore Washington will seek to win over skeptical Southeast Asia to U.S. plans for increased security in the area's busy shipping lanes when Defense Secretary Donald Rumsfeld visits Asia this week, analysts said.
Tue, 26 Sep 2000
Indonesia may face tough time at upcoming CGI meeting
Indonesia may face tough time at upcoming CGI meeting JAKARTA (JP): The government may have a hard time convincing the international donors grouped in the Consultative Group on Indonesia (CGI) to support the 2001 state budget deficit, former finance minister Bambang Sudibyo cautioned here on Monday.
Wed, 21 Apr 1999
Share prices plunge as profit taking sweeps the market
Share prices plunge as profit taking sweeps the market JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) plunged on Tuesday in active trading, ending a week-long buying spree.Stockbrokers said most blue chip stocks fell sharply as jittery investors took profits amid fears of escalating...
Fri, 29 Apr 2005
Defending the rupiah
Defending the rupiah The joint concerted efforts of Bank Indonesia and the government to defend the rupiah exchange rate, which fell to a three-year low of nearly Rp 9,800 against the U.S. dollar on Tuesday, should have come as early as March, after the fuel price increase set off stronger...
Thu, 08 Mar 2001
Last group of refugees leave Sampit
Last group of refugees leave Sampit SAMPIT, Central Kalimantan (JP): The last remaining refugees sheltering in camps here as a result of the bloody ethnic riot have been officially evacuated and transported by ship to East Java.
Mon, 18 Jun 2001
Labor 'terror' a blow to investor confidence
Labor 'terror' a blow to investor confidence JAKARTA (JP): The government's decision to shelve the implementation of labor decrees will only deepen foreign investors' negative perception of the country's legal certainty, a noted foreign analyst said here on Saturday.
Sat, 16 Aug 2003
Election-year budget
Election-year budget The 2004 state spending program, proposed by President Megawati Soekarnoputri to the House of Representatives on Friday, is quite a bare-bones budget, packed in a boring budgetary document.But this is precisely the reason why the market will welcome the budget as realistic.
Fri, 22 Jul 2005
Hostage to fuel subsidies
Hostage to fuel subsidies While the government is stepping up its fuel-conservation programs and strengthening their implementation, it should continue preparations for removing, once and for all, fuel subsidies next year, except for kerosene for household use.
Sat, 21 Jul 2001
Next president 'needs a chief minister'
Next president 'needs a chief minister' The sense of an imminent change of power in Indonesia is felt as far afield as Australia. One who has never lifted his eyes off the continuing crisis in Indonesia is noted political scientist Dr Herbert Feith..
Fri, 05 Sep 1997
Preventing a crisis
Preventing a crisis The package of measures announced after the monthly cabinet meeting on Wednesday once again proves the crisis management capability of the Indonesian government. It is, nevertheless, too early to gauge the full impact of the move on the market sentiment and investor confidence.
Sat, 09 Sep 2000
Reform must go on
Reform must go on There is great comfort in knowing that none of the core elements of the reform package set in Indonesia's July 31 letter of intent (LoI) to the International Monetary Fund have been changed.
Sat, 16 Aug 2003
Election-year budget
Election-year budget The 2004 state spending program, proposed by President Megawati Soekarnoputri to the House of Representatives on Friday, is quite a bare-bones budget, packed in a boring budgetary document.But this is precisely the reason why the market will welcome the budget as realistic.
Wed, 02 Jan 2002
Megawati draws criticism over no-rally appeal
Megawati draws criticism over no-rally appealThe Jakarta Post, Jakarta President Megawati Soekarnoputri in her year-end address discouraged the use of street democracy, boasting that the "success" shown in 2001 was a basis to begin solving problems orderly through established national institutions.
Fri, 24 Jul 2015
Jakarta raises import taxes for more than 1,000 items
With the economy slowing and retail sales falling, Indonesia yesterday raised import tariffs on more than a thousand items covering many consumer goods such as clothes, food and cars. The decision is likely to make some Indonesians shift to having coffee at a local shop over Starbucks and drive...
Sat, 08 Jul 1995
Asia could follow suit with rate cut
Asia could follow suit with rate cut SINGAPORE (AFP): The U.S. Federal Reserve's decision to cut interest rates for the first time in three years was seen by analysts yesterday as a possible signal for Asian central banks to move towards softer rate regimes.
Mon, 24 Jun 2002
Averting a power crisis
Averting a power crisis The resumption of several major private electricity-generation projects, as announced by chief economics minister Dorodjatun Kuntjoro-Jakti last week, should be welcomed as a crucial step to avert a national power crisis that most analysts have predicted could be two to...
Sat, 22 Jun 2002
Averting a power crisis
Averting a power crisis The resumption of several major private electricity-generation projects, as announced by chief economics minister Dorodjatun Kuntjoro-Jakti last week, should be welcomed as a crucial step to avert a national power crisis that most analysts have predicted could be two to...
Fri, 25 Oct 2002
RI wants JI included on UN terrorist list
RI wants JI included on UN terrorist listFabiola Desy Unidjaja, The Jakarta Post, Jakarta In a unprecedented move, Indonesia joined many other countries on Thursday in supporting the inclusion of Southeast Asia-based Jamaah Islamiyah (JI) on the United Nations list of terrorist groups.
Tue, 02 May 2000
Four killed and 37 injured in head-on train crash
Four killed and 37 injured in head-on train crash TANGERANG, West Java (JP): A speeding train on the Jakarta- Merak line collided head-on with another train on Monday morning, killing at least four passengers and injuring 37 others.
Fri, 08 Sep 2000
A national disgrace
A national disgrace Nearly one year since its separation from Indonesia, East Timor is still haunting the republic the way it always did when it was under Jakarta's occupation between 1975 and 1999. The brutal killing of at least three United Nations humanitarian workers by pro-Indonesian East...
Sat, 23 Nov 2002
Applying Ramadhan's values
Applying Ramadhan's valuesA.Chaedar Alwasilah, Dean, Faculty of Language and Arts, Indonesia University, of Education (UPI), Bandung, chaedar@bdg.centrin.net.id Once a year, all Muslims are obliged to fast for a whole month during Ramadhan, which means, literally, "extremely hot".
Thu, 31 Jan 2008
Danareksa latest survey: Business sentiment down
Martin Jenkins, AnalystIn order to forecast economic activity in the near future, economists have a number of tools available at their disposal. One of the most useful of them is the Business Sentiment Index (BSI).
Tue, 17 Dec 2002
Do something about radicals, Gus
Do something about radicals, GusMafoot Simon, The Straits Times, Asia News Network, Singapore If not for the gravity of the situation, Gus Dur's recent remarks about Islamic radicals in Indonesia would have been amusing.
Fri, 12 Dec 2003
Crack down on bad bankers
Crack down on bad bankers Many citizens have become very skeptical about the willingness and/or courage of law enforcers to dig deep into the roots of the Rp 1.7 trillion (US$200 million) lending scam at the country's second largest bank, state-owned Bank Negara Indonesia (BNI).
Tue, 08 May 2001
PM Koizumi vows to strengthen ties with China, Asia
PM Koizumi vows to strengthen ties with China, Asia TOKYO (Reuters): Japanese Prime Minister Junichiro Koizumi held out an olive branch to regional rival China in his debut parliamentary speech on Monday, avoiding a string of tricky diplomatic issues that have irritated relations with Beijing.
Thu, 04 Apr 2002
A coming state visit of President Megawati to Holland?
A coming state visit of President Megawati to Holland?Lambert J Giebels, Historian, Breda, The Netherlands The 400th anniversary of the Dutch East India Company (VOC) was commemorated last month in The Hague.
Mon, 25 Oct 2004
India welcomes Myanmar junta leader
India welcomes Myanmar junta leaderAgencies, New Delhi/YangonThe world's largest democracy India welcomed on Sunday Myanmar's army strongman Senior Gen. Than Shwe, who arrived on an official visit days after sacking his prime minister in what was seen as a bid to promote military hardliners.
Tue, 02 Dec 2003
Warning on mutual funds
Warning on mutual funds The rush by investors in Jakarta last month to redeem their fixed-income mutual funds should serve as an early warning signal to the capital market watchdog (Bapepam) to establish safeguard measures for this rapidly-growing, yet largely unregulated, investment instrument.
Mon, 21 Oct 2002
Yanuar Nugroho
Yanuar Nugroho Director, The Business Watch Indonesia Lecturer, Sahid Univ. Surakarta Researcher, Unisosdem Jakarta yanuar-n@unisosdem.org The world is shocked. Bali and Manado, two areas known as the "calm-and-peace" places were brutally disrupted by deadly explosions.
Mon, 21 Aug 2000
Want to use an even smaller digital camera? Try Ixus
Want to use an even smaller digital camera? Try IxusBy Zatni Arbi JAKARTA (JP): Not long after Canon released PowerShot A50, they came out with PowerShot S10. Before I could try out this 2.1 megapixel model, they launched the 3.4 megapixel PowerShot S20.
Mon, 15 Dec 1997
ASEAN summit puts spotlight on IMF
ASEAN summit puts spotlight on IMF KUALA LUMPUR (AP): Southeast Asian leaders, worried that IMF rescues have not stopped their currency crises, urged the United States and other economic powers yesterday to help by showing support.
Mon, 05 Jul 1999
Don't' delay MPR session, experts say
Don't' delay MPR session, experts say JAKARTA (JP): Law and political experts have warned that a delay to the scheduled General Session of the People's Consultative Assembly (MPR) in November would wreak havoc to political life.
Sat, 21 Feb 1998
Who's hoarding what?
Who's hoarding what? In big cities, the police and military have been breaking open warehouses stacked high with basic foodstuffs. In many small towns, people have been ransacking shops and looting their contents.
Mon, 16 Sep 1996
Stock prices on JSX expected to rise
Stock prices on JSX expected to rise JAKARTA (JP): Several stock analysts predict that stock prices on the Jakarta Stock Exchange (JSX) may increase slightly this week as foreign investors may continue their bargain hunting on selected blue chips.
Mon, 06 Dec 1999
Message by the Ambassador
Message by the Ambassador We are approaching the end of a remarkable year, century, and millennium. It is time to look back and take stock of what has transpired for nations, peoples, individuals. It is also time to look ahead and think about the future.For Indonesia, 1999 was a momentous year.
Mon, 07 Feb 2005
Water commands a price
Water commands a price The public furor over the 8.14 percent increase in tap water rates charged by PAM Jaya could scare off investors intending to submit bids for 91 infrastructure projects over the next few months following the Jan. 17 and Jan. 18 Infrastructure Summit in Jakarta.
Sat, 05 Feb 2005
Water commands a price
Water commands a price The public furor over the 8.14 percent increase in tap water rates charged by PAM Jaya could scare off investors intending to submit bids for 91 infrastructure projects over the next few months following the Jan. 17 and Jan. 18 Infrastructure Summit in Jakarta.
Thu, 23 Jan 1997
Mobisel offers new product to improve its services
Mobisel offers new product to improve its services JAKARTA (JP): PT Mobile Selular Indonesia (Mobisel), a private cellular telecommunications provider, introduced here yesterday its new Nordic mobile telephone (NMT-450i) system which will operate nationwide.
Mon, 19 Jul 2004
Nahdlatul Ulama politics should be reinterpreted
Nahdlatul Ulama politics should be reinterpretedMuhaimin Syamsuddin, Jakarta The politics of 30-million-strong Muslim organization Nahdlatul Ulama (NU), has been interpreted as the day-to-day politics of anyone who makes use of traditional Islamic symbols.
Sat, 17 Jul 2004
Nahdlatul Ulama politics reinterpreted
Nahdlatul Ulama politics reinterpretedMuhaimin Syamsuddin Jakarta The politics of 30-million-strong Muslim organization Nahdlatul Ulama (NU), has been interpreted as the day-to-day politics of anyone who makes use of traditional Islamic symbols.
Mon, 13 Mar 2000
Reform the judiciary
Reform the judiciary Last week's court ruling acquitting businessman Djoko Tjandra of corruption charges in the high-profile Bank Bali scandal is a major setback for the government of President Abdurrahman Wahid.
Sat, 25 Mar 2000
Singapore's CCL wins Astra stake
Singapore's CCL wins Astra stake JAKARTA (JP): An investor consortium led by Singapore's automotive distributor Cycle & Carriage Ltd. (CCL) finally won on Friday the bid for the Indonesian Bank Restructuring Agency's (IBRA) 39.5 percent stake (1.
Sun, 14 Mar 1999
Karto's Misfortune
Karto's MisfortuneBy Sartono Kusumaningrat The heavy downpour that had pounded the hilly land since early that morning seemed to mock Karto, who wanted to go out weeding his farm. The daily rains would hasten the growth of wild grass on his cassava farm.
Fri, 11 May 2001
Telkom-Indosat landmark deal
Telkom-Indosat landmark deal Most of the independent shareholders, including foreign investors, who together own 3.3 billion shares or 33.57 percent of PT Telkom predictably voted on Thursday to approve the US$1.
Fri, 15 Dec 2000
Currency options may increase Singapore dollar volatility
Currency options may increase Singapore dollar volatility SINGAPORE (Dow Jones): The Monetary Authority of Singapore's move last week to loosen rules on onshore currency options trading may be a signal that it's prepared to let the local dollar fluctuate more widely - if not exactly wildly,...
Sat, 20 Mar 2004
KPU a crisis-in-waiting
KPU a crisis-in-waitingOng Hock Chuan Partner PT Maverick Solusi Komunikasi Jakarta Denial is the main cause of crises in organizations. If all the media reports about the General Elections Commission (KPU) are even half right the KPU is exhibiting such behavior and courting a crisis when polling...
Sun, 25 Aug 2002
Choking haze annual plague for Kalimantan
Choking haze annual plague for KalimantanBambang Bider and Haidir Anwar Tanjung, The Jakarta Post, Pontianak/Pekanbaru Forest and ground fires have become an annual headache not only for the people affected, but for the rest of the nation and neighboring countries as well.