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Fri, 05 May 2000
JSX, Danareksa ink deal
JSX, Danareksa ink deal JAKARTA (JP): The Jakarta Stock Exchange (JSX) and Danareksa Investment Management have signed a memorandum of understanding on developing investment products that comply with the Islamic syariah law.
Fri, 05 May 2000
Asia crude prices down, sluggish trade on China
Asia crude prices down, sluggish trade on China SINGAPORE (Dow Jones): Asian and Persian Gulf crude values are lower late Thursday from Wednesday, with spot trade sluggish on the absence of Japan-based and China-based buyers.
Fri, 05 May 2000
Violence continues despite peace plan
Violence continues despite peace plan JAKARTA (JP): Violence continues to plague the restive province of Aceh ahead of next week's peace accord between the Indonesian government and the separatist Free Aceh Movement (GAM).
Fri, 05 May 2000
Pelti to file Fed Cup complaint
Pelti to file Fed Cup complaint JAKARTA (JP): The Indonesian Tennis Association (Pelti) will file a complaint with the International Tennis Federation (ITF) to protest a nontechnical disruption during the Fed Cup Asia Oceania Zone group one playoff, team manager Martina Wijaya said on Thursday.
Fri, 05 May 2000
Woman sues doctors for leaving bullet in her body
Woman sues doctors for leaving bullet in her body JAKARTA (JP): A woman filed a Rp 2.4 billion (US$320,000) lawsuit against three doctors over a bullet that was not removed from her right hip during an operation last July.
Fri, 05 May 2000
Cacuk leads real estate sale in Singapore
Cacuk leads real estate sale in Singapore SINGAPORE (Bloomberg): Cacuk Sudarijanto, chairman of Indonesia's bank restructuring agency (IBRA), meets with potential buyers in Singapore Friday (today) of the US$7.5 billion of real estate under the agency's control.
Fri, 05 May 2000
AAAA seeks support for reelection of Bob Hasan
AAAA seeks support for reelection of Bob Hasan JAKARTA (JP): The Asian Amateur Athletics Association (AAAA) is drumming up support for the reelection of Mohamad "Bob" Hasan as the organization's chairman.
Fri, 05 May 2000
KONI sees Thomas/Uber Cup as Olympic stepping-stone
KONI sees Thomas/Uber Cup as Olympic stepping-stone JAKARTA (JP): The National Sports Council (KONI) considers the Thomas and Uber cups, badminton's premier team events, as the benchmark for its goals in the Olympic Games in Sydney in September.
Fri, 05 May 2000
Conversion Rates
Conversion RatesBank Indonesia's conversion rates on May 4, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,450.00 8,450.00Australian dollar 1 4,392.52 4,986.35Austrian schilling 1 481.80 546.72Belgian franc 1 164.35 186.49Brunei dollar 1 4,331.40 4,915.65Canadian dollar 1 4,989.
Fri, 05 May 2000
Swimmers warm up in national event
Swimmers warm up in national event JIMBARAN, Bali (JP): The National Age Group Swimming Championships would serve as a tryout for Indonesian athletes before competing in the ASEAN Age Group Swimming Invitation, said the Indonesian Swimming Federation (PRSI) Secretary General Abdurrahim Napitupulu...
Fri, 05 May 2000
Falling trees land on vehicles in storm
Falling trees land on vehicles in storm JAKARTA (JP): Vehicles in several parking lots were damaged after trees and branches fell on them when a storm lashed the capital on Thursday afternoon.No fatalities were recorded but the downpour, which lasted less than two hours, inundated several major...
Fri, 05 May 2000
Minister suggests Inhutani hold all forestry rights
Minister suggests Inhutani hold all forestry rights JAKARTA (JP): Minister of Forestry and Plantations Nur Mahmudi Ismail proposed on Thursday the appointment of state-owned Perum Inhutani as the single holder of the country's forestry concession rights.
Fri, 05 May 2000
Qantas flies into Dili
Qantas flies into Dili DILI (AP): Qantas Airways Ltd. became the second Australian airline to inaugurate services to East Timor Thursday, but competition on the lucrative route linking Dili with Darwin hasn't resulted in better prices for travelers.
Fri, 05 May 2000
President encourages Arabs to invest here
President encourages Arabs to invest here JAKARTA (JP): President Abdurrahman Wahid courted Arab investors on Thursday, assuring them his administration would establish a conducive environment for their operations.
Thu, 04 May 2000
Mall security guard fatally mobbed
Mall security guard fatally mobbed JAKARTA (JP): West Jakarta Police detectives are looking for four men who they believe mobbed to death a mall security guard after dragging him from his house in Rawa Buaya, Cengkareng.West Jakarta Police chief of detectives Capt.
Thu, 04 May 2000
Police arrest two, seize drugs
Police arrest two, seize drugs JAKARTA (JP): City Police detectives apprehended a married couple on Tuesday for possession of 1,863 ecstasy pills, 590 grams of shabu-shabu (crystal methamphetamine), some marijuana, a pistol and some bullets at their house on Jl.
Thu, 04 May 2000
Poverty alleviation program helps the poorest of the poor
Poverty alleviation program helps the poorest of the poorBy I Wayan Juniarta KARANGASEM, East Bali (JP): Imagine what it is like to wake up each day with no clean water, little food and no place to take an ailing child.
Thu, 04 May 2000
Where to go in Bali for Thursday, May 4, 2000
Where to go in Bali for Thursday, May 4, 2000Exhibitions * Painting Exhibition, Seni Lukis Kaca Nagasepaka, Buleleng, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until May 23. * Painting Exhibition at Seniwati Showspace, Jl. Raya Ubud, until May 31.
Thu, 04 May 2000
Deposit insurance: Moral hazard here to stay
Deposit insurance: Moral hazard here to stay HONG KONG (Dow Jones): The absence deposit insurance spelled financial disaster for Indonesia in October 1997, reinvigorating a debate about how much governments should be willing to guarantee banks.
Thu, 04 May 2000
Govt, IMF yet to reach final accord
Govt, IMF yet to reach final accord JAKARTA (JP): The government and the International Monetary Fund have completed the review of Indonesia's reform measures but have yet to agree on a new letter of intent (LoI), Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie said on...
Thu, 04 May 2000
Rozy Munir appoints 31 directors to office
Rozy Munir appoints 31 directors to office JAKARTA (JP): State Minister for Investment and State Enterprises Development Rozy Munir swore in 31 directors to his office on Wednesday, just one week after he moved into the job.
Thu, 04 May 2000
Team set up to probe Nomensen case
Team set up to probe Nomensen case MEDAN, North Sumatra (JP): North Sumatra Police chief Brig. Gen. Sutanto vowed on Wednesday to investigate the bloody clash which claimed the lives of two Nomensen Christian University students on Monday.
Thu, 04 May 2000
Cartoonist Eddy Hermanto exhibits his serious side
Cartoonist Eddy Hermanto exhibits his serious sideBy Wawan S. Husin BANDUNG (JP): Gallery Bandung, one of the few galleries in the West Java capital that "dares to be different", is exhibiting about 30 works of cartoonist Eddy Hermanto.
Thu, 04 May 2000
Private parking operators threaten to sue government
Private parking operators threaten to sue government JAKARTA (JP): Operators of privately owned shopping centers warned on Wednesday that they would sue the city administration if it went ahead with its plan to close down the city's private parking lots for their failure to adjust their parking...
Thu, 04 May 2000
Indonesian team manager hopeful of Thomas Cup chances in KL
Indonesian team manager hopeful of Thomas Cup chances in KL JAKARTA (JP): Indonesia's team manager Sumaryono expressed optimism about the men's shuttlers chance of retaining the Thomas Cup for the 12th time in the Thomas and Uber Cup championships in Kuala Lumpur next week.
Thu, 04 May 2000
Alleged con artist nabbed in Yogyakarta
Alleged con artist nabbed in Yogyakarta JAKARTA (JP): Central Jakarta Police detectives are awaiting the arrival of their counterparts from Yogyakarta who are expected to hand over a 55-year-old woman accused of having collected Rp 470 million by deceiving 12 people, including a Navy officer.
Thu, 04 May 2000
Students hunger for cheap school fees
Students hunger for cheap school fees MAKASSAR, South Sulawesi: Two students of the state-run Hassanudin University staged a hunger strike and hung themselves in front of the university's main gate to demand cheaper school tuition.M.
Thu, 04 May 2000
South Jakarta court annuls mining agreement
South Jakarta court annuls mining agreement JAKARTA (JP): The South Jakarta District Court has annulled an agreement between Canadian mining firm Ag Armeno Mines and Minerals Inc. and Indonesian mining entrepreneur Yusuf Merukh over the acquisition of shares in the Batu Hijau gold project in West...
Thu, 04 May 2000
Between IBRA and Danaharta
Between IBRA and Danaharta This is the first of two articles by Sidhesh Kaul, a Jakarta- based regional commentator on economic and political issues, on bank restructuring efforts in Indonesia and Malaysia.
Thu, 04 May 2000
Act firmly on Aceh rebels!
Act firmly on Aceh rebels! If we read the news in our dailies, especially about the violence in Aceh, we cannot help feeling that the situation there is going from bad to worse. The police are attacked almost every day and casualties among civilians and members of the police are mounting.
Thu, 04 May 2000
SingTel buys 30% of CyberCity
SingTel buys 30% of CyberCity JAKARTA (JP): Singapore Telecommunications (SingTel) has bought a 30 percent share of PT CyberCity Indonesia (CCI), which is developing a 10-hectare site in Kemayoran for domestic and international Internet-related businesses.
Thu, 04 May 2000
Military witnesses in Aceh trial defend shooting
Military witnesses in Aceh trial defend shooting BANDA ACEH, Aceh (JP): Three military witnesses testified on Wednesday that troops fired in self-defense after Islamic leader Tengku Bantaqiah and his followers attacked them in Beutong Ateuh village, West Aceh, last year.Second Cpl.
Thu, 04 May 2000
'Mystical Machine Made in Indonesia' stuns audiences
'Mystical Machine Made in Indonesia' stuns audiencesBy Prasetyohadi JAKARTA (JP): This may be an unnecessary inquiry but a valid one nonetheless: Do you find it disturbing when you realize that technology, a human achievement that is supposed to make life easier, ends up making your life more...
Thu, 04 May 2000
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 3, 2000: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 775 0 0 Adindo Foresta Indonesia 400 -25 200,500 Alakasa Industrindo 925 175 8,500 Alfa...
Thu, 04 May 2000
Conversion Rates
Conversion RatesBank Indonesia's conversion rates on May 03, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,498.00 8,498.00Australian dollar 1 4,420.07 5,013.82Austrian schilling 1 495.04 561.68Belgian franc 1 168.86 191.60Brunei dollar 1 4,362.85 4,947.60Canadian dollar 1 5,042.
Thu, 04 May 2000
PDI Perjuangan and Golkar are still worlds apart
PDI Perjuangan and Golkar are still worlds apart Amid signs of cooperation between the Indonesian Democratic Party of Struggle (PDI Perjuangan) and Golkar, lecturer in politics Cornelis Lay says it would be too risky for PDI Perjuangan to join forces with the former ruling party.
Thu, 04 May 2000
ASEAN swap plan needs $20b
ASEAN swap plan needs $20b BANGKOK (Dow Jones): The Association of Southeast Asian Nations (ASEAN) needs to greatly increase the scope of its currency swap plan with its northern neighbors, China, South Korea, and Japan, for it to work, Japan's former Vice Finance Minister for International Affairs...
Thu, 04 May 2000
U.S. sees improvement in RI protection of IPR
U.S. sees improvement in RI protection of IPR JAKARTA (JP): The United States government has seen a remarkable improvement in Indonesia's protection of intellectual property rights and has accordingly moved the country down to Watch List from Priority Watch List, the government announced here on...
Thu, 04 May 2000
E-stock trading launched
E-stock trading launched SINGAPORE (AP): Oversea-Chinese Banking Corp.'s stock brokerage unit Wednesday launched its online stock trading system amid an increasingly competitive market and plunging brokerage fees.The Internet site, www.iOCBC.
Thu, 04 May 2000
SE Asia urged to boost support for chemical weapons treaty
SE Asia urged to boost support for chemical weapons treaty SINGAPORE (AFP): Southeast Asian nations were urged on Wednesday to strengthen support for an international treaty banning the production and use of chemical weapons.
Thu, 04 May 2000
New Formula One magazine launched
New Formula One magazine launched JAKARTA (JP): Formula One racing enthusiasts need no longer search for magazines abroad about the sport as a new racing publication was launched here on Wednesday.The first edition of F1 Racing contains 120 pages and is priced at Rp 20,000.
Thu, 04 May 2000
Rupiah undervalued due to volatile politics
Rupiah undervalued due to volatile politics JAKARTA (JP): The rupiah is undervalued due to lingering volatility on the Indonesian political front, according to an executive of a foreign hedge fund."Theoretically the rupiah is still undervalued.
Thu, 04 May 2000
Salary hike for public-service doctors
Salary hike for public-service doctors JAKARTA (JP): Doctors and dentists assigned to community health centers got a government pledge on Wednesday to raise basic salaries by 100 percent.But it took a personal telephone call from Minister of Finance Bambang Sudibyo to convince doctor and dentist...
Thu, 04 May 2000
Bangkok sends invite to N. Korean FM
Bangkok sends invite to N. Korean FM BANGKOK (AFP): North Korean Minister of Foreign Affairs Paek Nam-Sun has been formally invited by Thailand to visit in July at the time Bangkok hosts the annual ASEAN Regional Forum (ARF), the Thai foreign ministry said on Wednesday.
Thu, 04 May 2000
Misunderstanding Gus Dur
Misunderstanding Gus Dur News reports published in some newspapers in recent days have drawn the conclusion that President Abdurrahman Wahid said he would retire in September this year, based on an interview with the President published in the Australian Financial Review on April 28, 2000.
Thu, 04 May 2000
A tough task lies ahead
A tough task lies ahead Director-General of Land Transportation Santo Budiono and State Railroad Company Director Edie Haryoto have announced their resignation in the wake of the train crash that left four people dead, reflecting their awareness of their public responsibilities.
Thu, 04 May 2000
Bali's Nagasepaha village a living museum of glass paintings
Bali's Nagasepaha village a living museum of glass paintingsBy Rosemarie F. Oei BULELENG, North Bali (JP): The first glass paintings in Indonesia were created in Java where this form of art was probably introduced by the Dutch in the 19th century.
Thu, 04 May 2000
Govt raises teachers' allowance
Govt raises teachers' allowance JAKARTA (JP): The government on Wednesday increased the functional allowance of teachers an additional 50 percent, while slashing in half the controversial structural allowance hike for high-ranking officials.
Thu, 04 May 2000
Pertamina and Caltex negotiations suspended
Pertamina and Caltex negotiations suspended JAKARTA (JP): Current negotiations between state oil and gas company Pertamina and PT Caltex Pacific Indonesia over future operations in the Coastal Plain Pekanbaru (CPP) oil producing block, have been suspended following President Abdurrahman Wahid's...
Thu, 04 May 2000
Army pledges to punish errant troops in Maluku
Army pledges to punish errant troops in Maluku AMBON, Maluku (JP): Army Chief of Staff Gen. Tyasno Sudarto has proposed a special team be sent to Maluku to deal with soldiers who overstep their authority in the riot-hit province.