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Tue, 18 Jan 2000
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 17, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 900 -50 49,000 Alakasa Industrindo 525 0 0 Alter Abadi 425 0 52,500 Alumindo Light Metal 1,200 50...
Tue, 18 Jan 2000
Steady Safe to settle debts before April
Steady Safe to settle debts before April JAKARTA (JP): Transportation company PT Steady Safe announced on Monday that it would settle its US$265 million debt with the liquidator of Peregrine Fixed Income Limited (PFIL) before April.
Tue, 18 Jan 2000
Minister hints at rise in fuel, electricity prices
Minister hints at rise in fuel, electricity prices JAKARTA (JP): Minister of Mines and Energy Susilo Bambang Yudhoyono hinted on Monday that fuel and electricity prices would be increased in April to reduce their combined subsidies to Rp 22.3 trillion (US$3 billion).
Tue, 18 Jan 2000
Becak drivers protest govt policy
Becak drivers protest govt policy JAKARTA (JP): Seeking a flexible policy on the presence of becak (pedicabs) in the capital, some 60 pedicab drivers staged a protest at City Hall demanding limited becak operational zones in the city.
Tue, 18 Jan 2000
Indonesia to host Southeast Asia Fencing Championships
Indonesia to host Southeast Asia Fencing Championships JAKARTA (JP): Indonesia will host the fifth Southeast Asia Fencing Federation (SEAFF) championships from Jan. 29 to Feb. 2 at state-owned Universitas Negeri Surabaya's sports hall.
Tue, 18 Jan 2000
President says pay hike intended for future
President says pay hike intended for future JAKARTA (JP): Amid a public outcry, President Abdurrahman Wahid said on Monday he would not propose a massive pay hike for top state officials in the 2000 draft state budget.
Tue, 18 Jan 2000
The strategic position of Indonesian small businesses
The strategic position of Indonesian small businessesBy Tony Agus Ardie JAKARTA (JP): To overcome the negative impact of the economic crisis in Indonesia, President Abdurrahman Wahid has given first priority to creating the maximum number of job opportunities.
Tue, 18 Jan 2000
35,000 dropouts in Central Java
35,000 dropouts in Central Java SEMARANG: About 35,000 students from elementary to high school levels dropped out of school in Central Java last year, the provincial ministry of national education spokesman said on Monday.
Tue, 18 Jan 2000
Team accuses four of stirring up Maluku violence
Team accuses four of stirring up Maluku violence JAKARTA (JP): A team established to effect reconciliation in Maluku has submitted a list of the men it suspects fomented the bloody sectarian strife, a team member said on Monday.
Tue, 18 Jan 2000
Where to go in Bandung:
Where to go in Bandung:Performances* Sundanese Traditional Theater Festival, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 4233562), 10 a.m. to 11 p.m., until Jan. 23. * Theater: Anarkis itu Mati Kebetulan, at Gedung Kesenian Rumentang Siang, 8 p.m., Jan. 29 - 30.
Tue, 18 Jan 2000
Alcatel moves HQ to China
Alcatel moves HQ to China SHANGHAI (Reuters): French telecommunications equipment giant Alcatel said on Monday it will put its new Asia-Pacific headquarters in Shanghai in a vote of confidence in the Chinese market.
Tue, 18 Jan 2000
TNI attacks AGAM headquarters in Pidie
TNI attacks AGAM headquarters in Pidie BANDA ACEH, Aceh (JP): The Indonesian Military (TNI) continued on Monday to attack the headquarters of AGAM (the armed wing of the Free Aceh Movement) on a hilly area in Pidie, some 100 kilometers east of here.
Tue, 18 Jan 2000
Won rise continues despite govt threat, rupiah slips
Won rise continues despite govt threat, rupiah slips HONG KONG (Dow Jones): The Korean won rose Monday to its highest level since late November 1997 despite verbal intervention from the finance ministry, dollar purchases executed by state-run Korea Development Bank and reported direct intervention...
Tue, 18 Jan 2000
Govt plans amendments to 1999 law on election, KPU
Govt plans amendments to 1999 law on election, KPU JAKARTA (JP): On Monday, the government announced a planned revision to the 1999 election law which would include dissolving the present General Elections Commission (KPU).
Tue, 18 Jan 2000
Dili commercial air service resumes
Dili commercial air service resumes DILI, East Timor (AFP): East Timor's first regularly scheduled commercial air service was set to begin on Tuesday, a UN spokesman said Monday.Air North, of Australia, was to arrive in the territory's capital Dili at 1:45 p.m.
Tue, 18 Jan 2000
Conversion Rates
Conversion Rates Bank Indonesia's conversion rates on Jan. 17, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,179.00 7,251.00Australian dollar 1 4,771.16 4,826.27Austrian schilling 1 528.66 534.49Belgian franc 1 180.33 182.32Brunei dollar 1 4,290.84 4,336.46Canadian dollar 1 4,945.
Tue, 18 Jan 2000
No plans to close down any banks this month: BI
No plans to close down any banks this month: BI JAKARTA (JP): Bank Indonesia has no plans to close down any banks this month because owners of private banks with insufficient capital have already recapitalized the banks, according to BI Governor Sjahril Sabirin.
Tue, 18 Jan 2000
Market may be unreceptive to Astra shake-up: Executive
Market may be unreceptive to Astra shake-up: Executive JAKARTA (JP): The market would react negatively to a change now in Astra International's senior management and the firm's share price would plummet, a securities company executive warned on Monday.
Tue, 18 Jan 2000
SingNet, Freei.Net plan free services
SingNet, Freei.Net plan free services SINGAPORE (AFP): Leading Singapore and U.S. Internet service providers launched a strategic alliance Monday to develop free Internet services in the Asia-Pacific region.SingNet, a unit of giant Singapore Telecommunications Ltd. (SingTel), and Freei.
Tue, 18 Jan 2000
Holidaymakers pelt train
Holidaymakers pelt train TEGAL, Central Java: At least 300 people waiting at the local railway station ran amok on Monday after being incorrectly informed by a station official that a train heading for Jakarta would not stop in Tegal.
Tue, 18 Jan 2000
Australia's Downer to visit Indonesia
Australia's Downer to visit Indonesia ADELAIDE, Australia (Agencies): Australian Foreign Minister Alexander Downer said on Monday he expects to visit Indonesia soon, as Canberra presses efforts to repair relations with Jakarta after last year's East Timor crisis.
Mon, 17 Jan 2000
Hundreds demand compensation
Hundreds demand compensation BATAM, Riau: Tension has gripped Bintan Island during the past two days as hundreds of people rallied to demand higher compensation for their land, which is occupied by a company.
Mon, 17 Jan 2000
IBRA delays payment of interbank claims
IBRA delays payment of interbank claims JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has delayed the payment of Rp 5 trillion (US$695 million) in interbank claims owed by closed banks to surviving banks, leaving several of the latter in danger of closure.
Mon, 17 Jan 2000
Pertamina talks with Petronas over Natuna gas
Pertamina talks with Petronas over Natuna gas JAKARTA (JP): State oil and gas company Pertamina said on Friday it was negotiating with its Malaysian counterpart, Petronas, on the possibility of supplying Malaysia with natural gas from the West Natuna gas field.
Mon, 17 Jan 2000
Indonesia's future: Competition and education
Indonesia's future: Competition and educationBy Elwin Tobing BOSTON (JP): In his book, The Wealth of Nations, published in 1776, Adam Smith, the founder of modern economics, made famous the idea of the invisible hand.
Mon, 17 Jan 2000
Demand for airline seats projected to rise by 6%
Demand for airline seats projected to rise by 6% JAKARTA (JP): Demand for air transportation services will recover this year and grow by six percent after declining by over 10 percent last year due to increasing economic activities, aviation analyst Benny Rungkat said over the weekend.
Mon, 17 Jan 2000
Man to stop clash killed
Man to stop clash killed JAKARTA (JP): A man was killed on Friday at Kuta Baru in the Pasar Kemis area of Tangerang while trying to break up a dispute between a local extorter and a resident.A report from the Tangerang Police revealed that Zaenuddin, 22, a local, was stabbed in the stomach.
Mon, 17 Jan 2000
Archbishop calls for peace in the city
Archbishop calls for peace in the city JAKARTA (JP): Jakarta Archbishop Julius Darmaatmadja called on local parishes on Saturday to spread peace in the community and help those in need, regardless of creed, and told them not to be provoked by the year-long communal clashes in Maluku.
Mon, 17 Jan 2000
Illegal aliens stranded on Sumba
Illegal aliens stranded on Sumba KUPANG, East Nusa Tenggara: About 60 foreigners from Iraq, Pakistan, Turkey and Afghanistan remain stranded on Sumba island after their small boat developed engine trouble on the way to Australia.
Mon, 17 Jan 2000
Indonesian coup unlikely, PM says
Indonesian coup unlikely, PM says SINGAPORE (AP): A coup in Indonesia is unlikely, Singapore Prime Minister Goh Chok Tong said on Sunday, commenting on rumors that Indonesian generals may be plotting such a move.
Mon, 17 Jan 2000
RI: Erratic country in transition
RI: Erratic country in transitionBy Mochtar Buchori JAKARTA (JP): What has been happening in Indonesia recently, and what is going to happen next?This was the question put to me by my hosts at Simon Fraser University in Vancouver, British Columbia, Canada.
Mon, 17 Jan 2000
Men's doubles Ricky/Rexy lose to South Korean pair
Men's doubles Ricky/Rexy lose to South Korean pair JAKARTA (JP): Indonesia's veteran men's pairing of Ricky Ahmad Subagja and Rexy Mainaky felt the sting of age, bowing out to the South Korean pair of Lee Dong-soo and Yoo Yong-sung 8-15, 15-9, 4-15 at badminton's 2000 Samsung Korea Open at Hanra...
Mon, 17 Jan 2000
RP 1999 surplus hit $3.8b
RP 1999 surplus hit $3.8b MANILA (AFP): The Philippines' balance of payments surplus hit US$3.839 billion in 1999, more than twice the $1.359 billion surplus registered in 1998, the central bank said Sunday.
Mon, 17 Jan 2000
Human rights groups urge an end to Aceh violence
Human rights groups urge an end to Aceh violence BANDA ACEH, Aceh (JP): Representatives of 15 international non-government organizations concluded their two-day meeting here on Sunday putting more pressure on the Indonesian government to soon end the violence in the restive province.
Mon, 17 Jan 2000
RI stability vital to S'pore economy
RI stability vital to S'pore economy SINGAPORE (Dow Jones): Singapore's deputy prime minister, Lee Hsien Loong, said Saturday that he sees "strong momentum" in the economy but that events in neighboring Indonesia could influence the outlook for Singapore.
Mon, 17 Jan 2000
Where to go in Jakarta: Monday, Jan. 17, 2000
Where to go in Jakarta: Monday, Jan. 17, 2000Exhibitions * Poster Exhibition: Ilmu Warna Goethe, at Goethe-Institute, Jl. Matraman Raya 23, East Jakarta (Phone: 8509132), until Jan. 20. * Painting Exhibition: Fenomena Masyarakat Urban, by 15 Jakartan artists, at Galeri Milenium, Golden Truly, Blok...
Mon, 17 Jan 2000
Further TNI shake-up 'not to effect top officers'
Further TNI shake-up 'not to effect top officers' JAKARTA (JP): Outgoing Indonesian Military chief (TNI) Maj. Gen. Sudrajat confirmed on Sunday a further reshuffle in the armed forces, but denied it would effect the top brass.
Mon, 17 Jan 2000
Chinese New Year to be publicly celebrated
Chinese New Year to be publicly celebrated JAKARTA (JP): Worshipers of Confucianism this year will for the first time in over three-decades be able to openly celebrate the Chinese New Year, which the High Council of Khonghucu Religion announced would fall on Feb. 5.Budi S.
Mon, 17 Jan 2000
JSX to remain active as investors return this week
JSX to remain active as investors return this week JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) is expected to remain active this week as more investors will be reentering the market after the year-end holiday, stock analysts said over the weekend.
Mon, 17 Jan 2000
RP unemployment rate falls
RP unemployment rate falls MANILA (AFP): Unemployment in the Philippines fell to 9.8 percent in 1999, a slight decrease from the 10.1 percent in 1998, the department of labor said Saturday.The department said the fall was due partly to the strong 6.3- percent growth in the agriculture sector.
Mon, 17 Jan 2000
Japanese robbed in Lapangan Banteng
Japanese robbed in Lapangan Banteng JAKARTA (JP): Two armed robberies took place in Central Jakarta and Tangerang early on Saturday, a police report said.No fatalities were reported although both gangs were armed with sharp weapons.
Mon, 17 Jan 2000
Stick to people's interests!
Stick to people's interests! I agree with Olvia Reksodipoetro's letter concerning Amien Rais, Back to politician (The Jakarta Post, Jan. 12, 2000).I am also one of the many citizens who voted for his party in last June's general elections.
Mon, 17 Jan 2000
Residents protest against Freeport
Residents protest against Freeport JAYAPURA, Irian Jaya: A group of 31 Irianese claiming to represent residents of Mimika regency lodged a fresh demand on Saturday for the closure of gold and cooper mining company PT Freeport Indonesia for human rights abuses resulting from its operations.
Mon, 17 Jan 2000
Nirwan Bakrie fights bankruptcy suit
Nirwan Bakrie fights bankruptcy suit JAKARTA (JP): The law firm representing Nirwan D. Bakrie said on Friday that the bankruptcy suit filed by Sinar Mas Multi Finance (SMF) against the prominent businessman at the Jakarta Commercial Court was invalid.
Mon, 17 Jan 2000
The fight against drugs
The fight against drugs The fatal shootout in which five foreign nationals met their violent deaths in a South Jakarta neighborhood last week once again highlights Indonesia's growing significance as both a market and a link in the international narcotics trade.
Mon, 17 Jan 2000
Inbound travelers pack bus terminals, railway stations
Inbound travelers pack bus terminals, railway stations JAKARTA (JP): Tens of thousands of people returning to the capital after celebrating Idul Fitri in their hometowns heavily packed the city's major intercity bus terminals and railway station on Saturday and Sunday.
Mon, 17 Jan 2000
Migrants set positive example of solidarity
Migrants set positive example of solidarityBy Heru Sigit Cahyanto WONOSARI, Yogyakarta (Antara): This year's Lebaran festivities have past. Thousands of travelers have returned to their adopted cities, leaving their loved ones behind and in their search for a better future.
Mon, 17 Jan 2000
Army private caught at the 'Post' for auto theft
Army private caught at the 'Post' for auto theft JAKARTA (JP): An Army private was apprehended on Sunday while attempting to steal a motorcycle from the basement parking lot of The Jakarta Post's editorial office in Palmerah, Central Jakarta.
Mon, 17 Jan 2000
Draft on subdistrict councils submitted
Draft on subdistrict councils submitted JAKARTA (JP): Members of the City Council team preparing for the establishment of mayoralty and subdistrict councils have submitted a draft of city bylaws on the establishment of councils in the capital's 265 subdistricts.
Mon, 17 Jan 2000
KL decries U.S. criticism over arrest of opposition figures
KL decries U.S. criticism over arrest of opposition figures KUALA LUMPUR (AFP): Malaysia on Sunday lashed out at U.S. criticism of the arrest of leading opposition figures, telling Washington to stay out of its internal affairs, but refusing to say whether more arrests were planned.