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IFC investment in RI still suspended

IFC investment in RI still suspendedBerni K. Moestafa, The Jakarta Post, Jakarta The International Finance Cooperation (IFC), a commercial arm of the World Bank, said on Friday it would maintain its investment suspension on Indonesia, until it saw concrete improvements in the country's legal...

S'pore's trade pact with U.S. will help speed up economy

S'pore's trade pact with U.S. will help speed up economyAssociated Press, Singapore Singapore's landmark free trade pact with the United States would help restructure the city-state's struggling economy and increase the flow of trade and talent across the Pacific, its trade minister said on Friday.

Bombing cases reenacted

Bombing cases reenactedDamar Harsanto, The Jakarta Post, Jakarta Two men alledged to have taken part in last year's Christmas bombing campaign in Jakarta, have helped police recreate attacks on the Atrium Plaza and a catholic high school.

BI governor candidates are good: Economists

BI governor candidates are good: EconomistsDadan Wijaksana and Kurniawan Hari, The Jakarta Post, Jakarta Economists warmly welcomed on Monday the government's nomination of three professionals, rather than politicians, to be the new governor of Bank Indonesia, saying it signaled an intention to...

Indonesia needs better investment climate to meet growth target

Jakarta (ANTARA News) - Indonesia needed to improve its investment climate and reduce its reliance of commodity exports to achieve its forecast of 6.3 percent economic growth this year, analysts warned Wednesday.

PPP congress

PPP congress The United Development Party (PPP) will hold its five-day national congress starting today (Tuesday). As all political parties do in their congress, the focus of PPP's congress this year will be on the race for the chairmanship.

Alleged serial bomber may face life sentence

Alleged serial bomber may face life sentenceTertiani ZB Simanjuntak, The Jakarta Post, Jakarta Prosecutors demanded on Wednesday a life sentence for Abdul Jabar, the alleged bomber of the residence of the Philippines ambassador in 2001 and two churches in Jakarta in 2000.

Reduce crime in the city

Reduce crime in the cityFrom JayakartaOf late, violence in Jakarta and in the vicinity, which is supposed to be a model for other districts, is growing increasingly more gory. Robberies, slayings, thefts and other criminal acts are prevalent everywhere.

Bank Bali's profits up

Bank Bali's profits up JAKARTA (JP): Bank Bali, a private commercial bank listed on the Jakarta and Surabaya stock exchanges, yesterday reported a 7.1 percent increase in after-tax profits to Rp 61.6 billion (US$28.5 million) last year.

CPO, coal drove RI exports in April

CPO, coal drove RI exports in AprilUrip Hudiono, The Jakarta Post, JakartaIndonesia's main commodities -- crude palm oil and coal -- continued to keep the country's export performance on track in April, with the overall value of exports rising 2 percent to US$7.

Bush's retreat on Indonesian human rights

Bush's retreat on Indonesian human rightsBrad Simpson Washington, D.C. There is a bitter irony to the Bush Administration's announcement in late February that it will restore military training for the Indonesian armed forces, which came just days before the State Department's annual human rights...

Bush's retreat on Indonesian human rights

Bush's retreat on Indonesian human rightsBrad Simpson Washington, D.C. There is a bitter irony to the Bush Administration's announcement in late February that it will restore military training for the Indonesian armed forces, which came just days before the State Department's annual human rights...

Singapore exports slip, but recovery on track

Singapore exports slip, but recovery on track SINGAPORE (Reuters): Singapore posted disappointing export data on Tuesday, with non-oil exports slipping 0.7 percent in March year-on-year, but analysts said the overall trend pointed to a gradual recovery.The fall in non-oil exports to S$8.

Total case will spook investors: IPA

Total case will spook investors: IPAFabiola Desy Unidjaja, The Jakarta Post/Jakarta While the legal battle involving Total E&P Indonesie -- a local affiliate of French oil giant Total SA -- and its contractors is only in its early stages, it is already sending a bad signal about Indonesia's...

S'pore unveils S$11.3b economic relief package

S'pore unveils S$11.3b economic relief packageAgence France-Presse, Singapore The Singapore government on Friday announced an S$11.3 billion (US$6.3 billion) off-budget package to help the city-state cope with its deepest recession in more than 30 years.

China to strengthen ties with Southeast Asia

China to strengthen ties with Southeast AsiaChristopher Bodeen, Associated Press, Beijing Invigorating political ties alongside booming business links, China's Prime Minister Wen Jiabao will sign a friendship treaty with Southeast Asian nations at an upcoming regional conference and try to...

Dubya's retreat on Indonesian human rights

Dubya's retreat on Indonesian human rightsBrad Simpson, Washington, D.C. There is a bitter irony to the Bush Administration's announcement in late February that it will restore military training for the Indonesian armed forces, which came just days before the State Department's annual human rights...

Save the rupiah

Save the rupiah I am an expatriate living in Indonesia for the last three years. Indonesia is a fantastic country to live in with its diversity in culture, people and the scenic landscape. It is a shame to observe over the last few months, especially since December last year, that the people of...

Asian stock markets higher in line with Wall Street

Asian stock markets higher in line with Wall Street HONG KONG (REUTER): Asian markets were mostly higher yesterday following a rise in the dollar and Wall Street overnight, brokers said.Hong Kong stocks were the major gainers with the blue-chip Hang Seng Index surging 97.42 points, or 1.

Last group of haj pilgrims depart

Last group of haj pilgrims depart JAKARTA (JP): Indonesia's last group of haj pilgrims departed for Saudi Arabia yesterday, bringing to a close the first stage of the country's massive airlift of 201,961 people which began March 6.

Toward a Better Law On Mineral Resources

Indonesia is one of the largest producers of mineral resources in the world. In tin, it comes in second after China, in coal it is third after Australia and South Africa, and the list goes on. Minerals and related products account for 19 percent of the county’s total exports.

Razali hopeful of Myanmar talks

Razali hopeful of Myanmar talks YANGON (Reuters): UN envoy Razali Ismail ended a four day visit to Myanmar this week hopeful of progress in landmark talks between the military government and opposition, the United Nations said in a statement.

Three killed in Padalarang plane crash

Three killed in Padalarang plane crash PADALARANG, West Java (JP): Three people were killed after a U.S.-made Baron training plane, belonging to the Curug Civil Aviation Academy, crashed in the village of Tagog Apu, Padalarang subdistrict, Bandung, on Wednesday.

KPK remains tight-lipped on Puteh probe

KPK remains tight-lipped on Puteh probeTiarma Siboro, Jakarta Embattled Aceh Governor Abdullah Puteh again appeared at the office of the Corruption Eradication Commission (KPK) on Monday, where KPK officials asked him dozens of questions about his role in the alleged markup in the purchase of a...

World Bank encouraged by Soeharto's speech

World Bank encouraged by Soeharto's speech TOKYO (Reuters): A senior World Bank official said yesterday he was encouraged by statements from Indonesian President Soeharto at his inauguration, but added that the bank's structural assistance to the region depends on an International Monetary Fund aid...

Jakarta not friendly to people with disabilities

Jakarta not friendly to people with disabilitiesM. Taufiqurrahman, The Jakarta Post, Jakarta In a city where the basic rights of citizens are frequently violated, daily life for people with disabilities is worse.Visually disabled Faqih said he survived commuting around the city only by luck.

Press test for Indonesia

Press test for Indonesia The largest and harshest group of "judges" ever to invade the country will push Indonesia's new policy of openness to the limit this month.Some 5,000 foreign and local news reporters and commentators are due to be in the country before Nov. 15.

Sutiyoso revamps PBSI board

Sutiyoso revamps PBSI boardMoch. N. Kurniawan, Jakarta Newly elected chairman Sutiyoso revamped the new board of the Indonesian Badminton Association (PBSI), trimming the number of officials by more than half to 26 from the previous 55.

Soeharto for free trade

Soeharto for free trade Many businessmen and analysts, even those in Indonesia itself, are still surprised at President Soeharto's enthusiasm about the free trade concept recommended by the Eminent Persons Group and the Pacific Business Forum.

U.S. role is 'crucial' in SE Asia's antiterror war

U.S. role is 'crucial' in SE Asia's antiterror warAgence France-Presse, Singapore A U.S. role is crucial in Southeast Asia's fight against terrorism both in the political and economic spheres, a Singapore minister said.

Government threatens separatists loyalists with imprisonment

Government threatens separatists loyalists with imprisonmentThe Jakarta Post, Jakarta The government sent a strong signal against any unfaithful civil servants on Monday, saying that they would end up in jail if they were proven to be backing the secessionist movement in war-torn Nanggroe Aceh...

Yogie withdraws remark on PPP chief

Yogie withdraws remark on PPP chief JAKARTA (JP): Minister of Home Affairs Yogie S.M. is working to placate the United Development Party and the feelings that were hurt last week when the minister issued a statement calling the party's chief "sick".

Burning Down

Burning DownBy Sunaryono Basuki Ks The sky was clear but people of the whole village were fearful. It was clear to them that the Dutch colonial soldiers would soon arrive and the villagers did not know what would become of them.

South Korea rejects World Cup criticism

South Korea rejects World Cup criticism SEOUL (AFP): South Korean World Cup organizers said yesterday they were not taking seriously criticism made by FIFA general secretary Sepp Blatter of preparations for the 2002 finals.

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Green Flies By Maria Magdalena Bhoernomo Green flies the size of ostriches swarmed around Mangga Dua trading center in Jakarta, droning like the sound of planes. "Look, giant flies," shouted someone in front of an electronics shop, startling those around him.

Green Flies

Green FliesBy Maria Magdalena Bhoernomo Green flies the size of ostriches swarmed around Mangga Dua trading center in Jakarta, droning like the sound of planes. "Look, giant flies," shouted someone in front of an electronics shop, startling those around him.

Jakarta to resume Kukkiwon outing

Jakarta to resume Kukkiwon outingMusthofid, The Jakarta Post, Jakarta The change in the presidency of Kukkiwon -- the world tae kwon do headquarters -- is seen as a promising prospect for the sport's development in Indonesia.

Jakarta to resume Kukkiwon outing

Jakarta to resume Kukkiwon outingMusthofid The Jakarta Post Jakarta The change in the presidency of Kukkiwon -- the world tae kwon do headquarters -- is seen as a promising prospect for the sport's development in Indonesia.

ASEAN to gain if India-China energy partnership succeeds

ASEAN to gain if India-China energy partnership succeeds Agence France-Presse SingaporeSoutheast Asia stands to gain if regional powerhouses India and China succeed in jointly securing long-term energy supplies to fuel their fast-growing economies, analysts said.

NTT village subdued on Aug. 17 gala

NTT village subdued on Aug. 17 galaJemris Fointuna, The Jakarta Post, KabukaPreparations are being made nationwide as Indonesia's 60th Independence Day on August 17 draws near, with many people beginning to erect flags and banners in front of their homes.

RI needs better business climate, labour inputs for growth - OECD

Paris (ANTARA News) - Indonesia needs to improve the business environment and make better use of labour inputs to put the economy on a higher growth trajectory, the Organisation of Economic Cooperation and Development (OECD) said.

ASEAN delays its surveillance system: Official

ASEAN delays its surveillance system: Official MANILA (Dow Jones): The start of a pioneering scheme for Southeast Asian countries to mutually monitor each other's economies has been delayed, but the early-warning system to avert future crises in the region isn't being abandoned, a senior official...

IBRA agrees to release Sewu-New York Life funds

IBRA agrees to release Sewu-New York Life funds JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has agreed to release US$2.2 million belonging to Sewu-New York Life funds as part of the government's blanket guarantee for depositors at closed banks.

Collapsed bridge isolates West Sumba

Collapsed bridge isolates West Sumba KUPANG, East Nusa Tenggara: People in the West Sumba regency on Sumba island face isolation after heavy rainfall on Monday tore down the only bridge connecting the regency with supplies of basic commodities from East Sumba.

PermataBank's net profit increases 21.6 percent in Q3

PermataBank's net profit increases 21.6 percent in Q3The Jakarta Post, JakartaPermataBank reported an unaudited net profit of Rp 223.4 billion (about US$24.2 million) in the first nine months ending on Sept. 30, representing an increase of 21.6 percent from Rp 183.

PLN asks Sengkang to lower power prices

PLN asks Sengkang to lower power prices JAKARTA (JP): PT Energy Sengkang has asked state-owned electricity company PLN for a license to build another power plant in compensation for willingness to reduce power prices for its steam power plant in Sengkang, South Sulawesi, PLN president Djiteng...

Setting an example

Setting an example The coming month of August is likely to remain in the memory of the fishermen and their families who live in Muara Angke on the Bay of Jakarta. In that month 80 low-cost apartments, built especially for fishermen, are expected to be completed thanks to a Rp 1 billion (US$452,693)...

Natuna boosted by Japan talks, but doubts remain

Natuna boosted by Japan talks, but doubts remain SINGAPORE (Reuter): Japanese involvement in Indonesia's Natuna gas field would be a major boost for the beleaguered US$40 billion project, industry sources and analysts said yesterday.

Asia must shut backyard farms to halt bird flu: U.S.

Asia must shut backyard farms to halt bird flu: U.S.Sambit Mohanty, Reuters/Singapore Asian governments must provide financial incentives and shut down as many backyard poultry farms as possible to halt the spread of bird flu, a leading U.S. poultry industry official said.

Occupancy rate of shopping centers down

Occupancy rate of shopping centers downSari P. Setiogi, The Jakarta Post, Jakarta The occupancy rate for shopping centers in the Greater Jakarta area declined in the forth quarter of 2002, as the market showed some signs of oversupply, consultancy firm PricewaterhouseCoopers (PwC) said on Thursday.