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Indonesia sets basic fuel prices Effective January 1, 2015, the basic prices of all fuel oils (BBM) will be determined by the government, including that of non-subsidized RON 92 Pertamax gasoline, an energy ministry official stated here on Friday.

Posted in Economy @ 02 January 2015 18:44 CET by Blog Bot · permalink · 0 reactions


Jakarta stock index down, rupiah value falls The Jakarta composite index (JCI) fell 27.27 points in the first minutes of trade on Wednesday on negative sentiment from the escalation of conflicts in Ukraine. The index of the Indonesian Stock Exchange (BEI) opened 0.53 percent lower at 5,081.81 points with index of 45 most liquid stocks down 0.78 percent to 868.63 points.

Posted in Economy @ 06 August 2014 10:39 CET by Blog Bot · permalink · 0 reactions


Pros and cons of Jokowi`s presidential candidacy Many Indonesians have hailed the presidential candidacy of Joko Widodo, popularly known as Jokowi, who has been idolized for his down-to-earth style of governance.

Posted in Politics @ 31 March 2014 17:03 CET by Blog Bot · permalink · 0 reactions


Victims due to haze to receive compensation The Ministry of Social Affairs will provide compensation for a haze victim who died in Riau province, according to National Disaster Mitigation Agency (BNPB) Head Syamsul Maarif. "The amount of the compensation will be decided later, after holding coordination discussions with the local government," the BNPB chairman said here on Thursday.

Posted in Forest fires @ 07 March 2014 09:35 CET by Blog Bot · permalink · 0 reactions


Thick haze in Riau disturbs air transportation Planes heading to Sultan Syarif Kasim international airport, Pekanbaru, Riau province, are forced to circle around before landing due to decreasing visibility, a result of ongoing forest fire in the area, an official stated.

Posted in Forest fires @ 12 February 2014 14:46 CET by Blog Bot · permalink · 0 reactions


KPK to auction seized goods to foster anti-corruption spirit The Corruption Eradication Commission (KPK) plans to auction several of the goods it has seized during the past six months on Wednesday at the Gelora Bung Karno sports center in Central Jakarta, the Commissions Director for Anti-Gratification Affairs Giri Supradiono announced on Tuesday.

Posted in Corruption @ 10 December 2013 15:35 CET by Blog Bot · permalink · 0 reactions


Yudhoyono: 'Corruption real threat to development' Corruption is a real threat to development, stated President Susilo Bambang Yudhoyono here, on Monday, in the wake of the Anti-Corruption Day commemoration. "Corruption is still happening in Indonesia. It is a real threat to the development of this nation," Yudhoyono noted.

Posted in Corruption @ 09 December 2013 18:49 CET by Blog Bot · permalink · 0 reactions


Haze forces temporary closure of schools in Pekanbaru The Pekanbaru education office has temporary closed kindergartens and elementary schools partly in the city, which have been hit by haze.

Posted in Forest fires @ 29 August 2013 14:08 CET by Blog Bot · permalink · 0 reactions


Three flights from Dumai cancelled due to haze Three flights from Dumai city are cancelled due to low visibility following haze that is still happening in the area, chief of Dumai airport`s authority, Catur Hargowo, said here on Monday.

Posted in Forest fires @ 01 July 2013 17:28 CET by Blog Bot · permalink · 0 reactions


Batam, Singapore shrouded in haze coming from Sumatra`s fires Thick smog haze has covered Batam and Singapore on Thursday, significantly reducing the visibility and causing eye irritation. The three-hour Pollutant Standards Index (PSI) reading spiked to 321 in Singapore, Simon D.I. Soekarno of the Indonesian embassy in Singapore told Antara on Thursday.

Posted in Forest fires @ 20 June 2013 14:46 CET by Blog Bot · permalink · 0 reactions


BNPB sets aside Rp25 billion to battle forest fires The National Disaster Mitigation Agency (BNPB) has set aside Rp25 billion (around 2.5 million US Dollar) to make artificial rain over forest fires in Riau Province to battle haze looming over the region and neighboring countries.

Posted in Forest fires @ 20 June 2013 13:42 CET by Blog Bot · permalink · 0 reactions


Statistics agency: Number of poor population down The number of poor population in Indonesia drops by 0.54 million or 540,000 until September 2012, according to the National Statistic Agency (BPS).

Posted in Economy @ 02 January 2013 23:59 CET by Blog Bot · permalink · 0 reactions


Expert: 'Indonesia`s Democracy Index declines' The value of Indonesia`s democracy has declined over the past few years blamed on the attitude of both the people and the government officials, an expert says.

Posted in General @ 12 December 2012 14:52 CET by Blog Bot · permalink · 0 reactions


Indonesia ranked 100th on list of corruption nations Indonesia ranked 100th together with 11 other corrupt countries, according to Transparency International, a global anti-corruption watchdog, in its Corruption Perception Index (CPI) 2011.

Posted in Corruption @ 09 December 2012 18:23 CET by Blog Bot · permalink · 0 reactions


Indonesia to raise budget allocations for Papua The government will raise the amount of general allocation funds for mountainous districts in Indonesia`s eastern-most province of Papau next year, a presidential aide said.

Posted in Economy @ 05 December 2012 22:57 CET by Blog Bot · permalink · 0 reactions


House speaker: 'Anti-graft agency cannot stand alone' House Speaker Marzuki Alie has stated that an anti-corruption agency cannot be expected to eradicate corruption in the country without the cooperation of other parties.

Posted in Corruption @ 27 November 2012 00:23 CET by Blog Bot · permalink · 0 reactions


Health sector needs Rp80 tln to achieve MDGS Budget allocations for the health sector must be raised by 68 percent to Rp80.6 trillion next year to achieve the target of Millennium Development Goals (MDGs) in the health sector, a spokesperson said.

Posted in Health @ 05 September 2012 23:22 CET by Blog Bot · permalink · 0 reactions


Minister: 'Indonesia not a failed state' National Development Planning Minister Armida Salsiah Alisjahbana denied on Monday that Indonesia was a failed state, saying the country was making progress. "We are not a failed state because we are improving. By scoring 80.6 points in a recent survey, we are moving closer to a moderate level," she told a press conference here.

Posted in Economy @ 25 June 2012 15:18 CET by Blog Bot · permalink · 3 reactions


Minister: 'Poverty rate down to 11,7 percent in 2013' The government will lower the poverty rate from 12.36 percent in 2011 to 11.7 percent this year, Coordinating Minister for People`s Welfare Agung Laksono said. "It is expected the rate will drop to 11.7 by March 2013 and to achieve the target all parties need to work hard," he said in his new year speech here on Wednesday.

Posted in Economy @ 05 January 2012 05:04 CET by Blog Bot · permalink · 0 reactions


Indonesian police arrest 27 after violent wage protests At least 27 people have been arrested after two consecutive days of violent protesters in the Indonesian province of Riau Islands, police said on Saturday. Around 20 people were injured.

Posted in Protests @ 26 November 2011 14:22 CET by Blog Bot · permalink · 0 reactions


Indonesia's Mount Tambora shows rising volcanic activity The status of the Mount Tambora volcano on the Indonesian island of Sumbawa has been raised to the second-highest alert status as its activity has been increasing since April, the Jakarta Globe reported on Friday.

Posted in Volcanoes @ 03 September 2011 00:44 CET by Blog Bot · permalink · 0 reactions


Lion Air adds many new flights and routes The Indonesian airline Lion Air is currently working hard to expand it's already large network. During the month of May, four new routes will be opened while 18 existing routes will see their frequencies increased from today's levels. Expansion of their network can be noticed throughout the country.

Posted in Travel @ 08 May 2011 15:19 CET by Jeroen · permalink · 0 reactions


1 of 5 Indonesian judges corrupt - official Indonesia's Judicial Commission chief said 20 percent of Indonesian judges are corrupt, participating in bribes and failing to maintain independent during cases, Indonesia's Antara news agency reported.

Posted in Corruption @ 28 March 2011 15:55 CET by Blog Bot · permalink · 0 reactions


Disaster-prone, but still hungry for nuclear energy In the hope of bringing electricity to some of Indonesia's 90 million people who are currently without it, the country is proceeding with plans to build four nuclear reactors, despite growing opposition sparked by the ongoing nuclear crisis in Japan.

Posted in Power supply @ 22 March 2011 04:40 CET by Jeroen · permalink · 0 reactions


Hundreds of drivers stuck in 12km traffic jam to seaport Hundreds of frustrated truck drivers have been stranded for several days on the road to the Indonesian port city of Merak, the Jakarta Globe reported Sunday.

Posted in General @ 27 February 2011 21:30 CET by Blog Bot · permalink · 0 reactions


August 17, Liberation Day Every August 17th, the Indonesians celebrate the fact they threw out the Dutch in 1945. Merdeka! Now wait a second, they had to wait a few years more for that to materialise, so officially the day is called Hari Proklamasi, the day they proclaimed the Republik Indonesia. Whatever, it is a national holiday anyway, and it is celebrated all over Indonesia.

Posted in Culture @ 11 August 2009 05:34 CET by Jeroen · permalink · 0 reactions


Falling wheels new chapter in Indonesian air safety Where it used to be falling planes that scared Indonesians, Indonesian skies are much safer these days. Yesterday afternoon a plane belonging to Merpati Nusantara with flight number MZ 761 on the route Jayapura - Biak - Makassar - Jakarta only lost one tire when departing from Biak Airport in the province of Papua. One of the left wheels of the plane which was flown by pilot Haryogi and co-pilot Eko Laksono, fell off shortly after taking of for Makassar.

Posted in Accidents @ 07 July 2009 03:10 CET by Jeroen · permalink · 0 reactions


Indonesia Bisa! They stole my motorbike already It was just my second night in my new neighborhood of Lippo Cikarang when I woke up and found out that something was wrong. As I was preparing to go to Jakarta by bus - a one hour drive to Komdak bus shelter - I wanted to get my motorbike from the parking space which is fenced off with an iron fence. I wanted to get the key first, but no key at the place where it should be. And then; no motorbike there. Oops, what had gone wrong and where is the thing?

Posted in Oddly enough ... @ 08 June 2009 12:21 CET by Jeroen · permalink · 0 reactions


Yogya 'clean', Kupang most corrupt city in Indonesia Yogyakarta, which is known as the city of education, has been named as the city most clean of corruption. Kupang, in East Nusa Tenggara, holds the last position and is seen as the most corrupt in the country. These are the results from a survey held by Transparansi Internasional Indonesia (TII), held in 50 cities in Indonesia during the months September through December 2008.

Posted in Corruption @ 21 January 2009 09:54 CET by Jeroen · permalink · 0 reactions


Indonesia stocks fall as government raises bank guarantee The Indonesian stock-exchange fell by 5 percent at the reopening of trade on Monday after a three-day halt, despite the government increasing the bank guarantee to help restore investor confidence in the economy amid the global financial market crisis. Finance minister Sri Mulyani Indrawai announced that the government would extend the bank guarantee deposit from 100 million rupiah (7.500 euro) up to 2 billion rupiah (150.000 euro).

Posted in Economy @ 14 October 2008 08:01 CET by Jeroen · permalink · 0 reactions


Indonesia keeps stock exchange closed Indonesia closed its stock exchange for the second day to halt a flurry of selling that sent the main stock index plummeting more than 20 percent this week, while Asian trading ended mixed. Stock exchange president Erry Firmansyah said it will remain closed to give investors a chance to "calm down before they make decisions."

Posted in Economy @ 09 October 2008 05:19 CET by Jeroen · permalink · 0 reactions


Bank Indonesia increases interest rate Bank Indonesia has increased its policy rate by 25 basis points to 9.5% as they continue their ongoing battle with inflation. Indonesia did not join Australia, who cut rates today by the highest since a recession in 1992. It is predicted however that today’s increase may be the last this year as the aim of the central bank moves onto supporting growth rather than continuing the fight against inflation.

Posted in Economy @ 07 October 2008 03:41 CET by Jeroen · permalink · 0 reactions


Indonesia makes gains in fight against corruption Indonesia's fight to curb corruption has led to a series of headline-grabbing investigations in recent months. Indonesia's leap from 143rd to 126th on the Transparency International corruption perception index last month is a small sign of improvement in a country widely viewed as one of the most corrupt in Asia.

Posted in Corruption @ 02 October 2008 04:58 CET by Jeroen · permalink · 0 reactions


The southern edge of Yogya: The eroded beach of Samas Some days you will most likely not have a full agenda so you can finally do something that has been waiting for some time. Earlier this month I had such a day, I have more than one a month fortunately, but I can not always do what I want because the weather often has to be nice as well. This time it was jack pot; a nice blue sky in the early morning and some small clouds at the time I was about to depart for a days out. My plan was to take a motorbike trip to the beach of Samas.

Posted in Travel @ 13 April 2008 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia ranks 100th in world press freedom Press freedom in Indonesia according to non governmental organizations, monitoring international media in 167 countries in the world, as surveyed by Reporters Without Borders (RWB) is low for Indonesia. In the press freedom index of 2007 released in Tokyo on Sunday, Indonesia ranked second in South Asia after Cambodia but in the entire world Indonesia only made it to the 100th place.

Posted in General @ 18 February 2008 05:16 CET by Jeroen · permalink · 0 reactions


Situation report Mount Kelut volcano; no. 3 The Team for Volcanology and Geological Hazard Observation in Blitar reported today that the temperature of water in the crater continues to increase, albeit slowly. The highest level of alert (level 4) is still in force.

Posted in Volcanoes @ 21 October 2007 09:36 CET by Jeroen · permalink · 0 reactions


Situation report Mount Kelut volcano; no. 2 According to the Head of Directorate for Volcanology and Geological Hazard Management in Bandung, who leads an assessment mission in Blitar, the activity of the Mount Kelud volcano is still increasing. The level of volcanic tremors has nevertheless decreased over the last day. The deformation process of the crater is also increasing, thus the eruption continues to be imminent. BAKORNAS PB reported that mud and poisonous gases are likely to be emitted from the volcano.

Posted in Volcanoes @ 19 October 2007 03:42 CET by Jeroen · permalink · 0 reactions


Situation report Mount Kelut volcano; no. 1 On 16 October 2007 at 18:00 local time, the Directorate for Volcanology and Geological Hazard Management in Bandung, West Java Province, raised the alert status of Kelud Volcano to the highest level 4. This indicates that an eruption is imminent. Mount Kelud is located approximately 90 kilometres southwest of Surabaya in East Java.

Posted in Volcanoes @ 18 October 2007 06:30 CET by Jeroen · permalink · 0 reactions


Lower inflation in May 2007 Year-on-year inflation in Indonesia for the month of May is likely to be lower than the month before as prices of most basic goods were steady, according to the senior deputy governor of Bank Indonesia, the central bank on Thursday. The consumer price index was down 0.16 percent in April from March but was up 6.29 percent year-on-year.

Posted in Economy @ 01 June 2007 09:58 CET by Jeroen · permalink · 0 reactions


Shares predicted to continue strong gains in 2007 Jakarta's main stock index is set for further heady gains this year, supported by improving economic conditions, firm commodity prices and subdued inflation which should give corporate earnings a boost, encouraging fresh capital into the sharemarket, analysts said. They are picking a gain of between 16-43 pct, after last year's 55 pct surge, which saw the composite index repeatedly setting new records to finish 2006 at an all-time high of 1,805.522 points.

Posted in Economy @ 09 January 2007 03:30 CET by Jeroen · permalink · 8 reactions


House not yet able to eradicate internal corruption The accountability and transparency mechanism of the House of Representatives (DPR), carried out by the DPR Honorary Board, is not thorough enough to eradicate corruption taking place within parliament. “The Honorary Board handles more issues that are related to public morality, such as Yahya Zaini,” said Adnan Topan Husodo, a member of the Working Board of Indonesia Corruption Watch (ICW).

Posted in Corruption @ 13 December 2006 14:34 CET by Jeroen · permalink · 0 reactions


Shares rise to new record high led by blue chip stocks Indonesia shares rose to a new record high Thursday on combination of local fund share purchases and buoyant investor sentiment as well as expectation of cut next week in the central bank's one month rate. The Jakarta Stock Exchange Composite index closed up 17.828 points, or 1.12 percent at of 1,606.696 as gainers led losers 80 to 4.

Posted in Economy @ 03 November 2006 03:41 CET by Jeroen · permalink · 0 reactions


The day before the fall of Suharto Controversy has surrounded the book written by former President Habibie, which reveals a number of new historical facts about the events of May 1998. The military is mentioned as having a hand in speeding up the downfall of the Suharto regime. Two major-generals and a number of colonels are suspected of having "allowed" university students to occupy the parliament building in Senayan. Tempo sorts out the important moments during the 24 hours preceding Suharto's downfall. Here is the report.

Posted in History @ 03 November 2006 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia haze back over Singapore A shift in wind direction brought the haze from Indonesia's land-clearing fires back to Singapore on Tuesday after an earlier clean air reprieve. The Pollution Standards Index (PSI) moved out of the healthy range to 57 and remained within the moderate category. Singaporeans have been out in force since last Wednesday, when heavy showers cleared the air of the weeks of haze that triggered warnings from environmental officials to stay indoors and in air conditioned rooms.

Posted in Forest fires @ 31 October 2006 13:46 CET by Jeroen · permalink · 0 reactions


Rain clears haze in SE Asia, Indonesia airports open Airports closed by low visibility have reopened in Indonesia and the air is cleaner over Singapore and Kuala Lumpur after rain doused forest fires spreading haze across the region, officials said on Friday. It was not immediately clear however if the improvement was temporary or whether the haze could return after a few days.

Posted in Forest fires @ 27 October 2006 10:38 CET by Jeroen · permalink · 0 reactions


Malaysia urges Indonesia to ratify cross-border haze pact Malaysia urged Indonesia to quickly ratify an agreement that would facilitate a regional response to smokey haze in Southeast Asia caused by brush fires on the sprawling archipelago, a news report said Sunday. Indonesia is the only country among the 10 member-Association of Southeast Asian Nations that hasn't ratified the ASEAN Agreement on Transboundary Haze Pollution, which the grouping approved in 2002.

Posted in Forest fires @ 08 October 2006 13:59 CET by Jeroen · permalink · 0 reactions


Air quality in Singapore improves after PSI hit high of 150 Singaporeans woke up to clearer skies on Sunday morning after a hazy Saturday. Air quality in Singapore on Saturday moved into the "unhealthy" range for the first time this year. The 3-hour Pollutant Standards Index (PSI) hit 150 at 9pm, the highest this year. But it later eased to 136 at 12 midnight and on Sunday morning, the PSI dropped further to 57 at 7am. The highest 3-hour average PSI reading recorded was in September 1997 when it hit 226.

Posted in Forest fires @ 08 October 2006 03:54 CET by Jeroen · permalink · 0 reactions


Provinces to combine efforts to save major rivers The Jakarta, Banten and West Java administrations have agreed to jointly rehabilitate the three big rivers that are the provinces' main sources of clean water. The Jakarta administration will be responsible for restoring the Ciliwung River, Banten province will handle the Cisadane River, while West Java will deal with Citarum River. The Jakarta Environment Management Board (BPLHD) said Tuesday that each province would be responsible for the quality and quantity of water flowing through the rivers.

Posted in Environment @ 08 August 2006 14:40 CET by Jeroen · permalink · 0 reactions


Vanuatu is world's happiest country, Indonesia 23th The tiny South Pacific Ocean archipelago of Vanuatu is the happiest country on Earth, according to a study published Wednesday measuring people's wellbeing and their impact on the environment. Colombia, Costa Rica, Dominica and Panama complete the top five in the Happy Planet Index, compiled by the British think-tank New Economics Foundation (NEF).

Posted in General @ 12 July 2006 08:35 CET by Jeroen · permalink · 0 reactions


Indonesia inflation edges up in May Indonesia’s annual inflation rate edged up in May on higher food prices and a weaker rupiah, underlining expectations that the central bank will hold off lowering interest rates at a policy review next week.

Posted in Economy @ 02 June 2006 07:08 CET by Jeroen · permalink · 0 reactions


Kalla: No need for another fuel hike Concerns that the recent surge in global oil prices could lead to another fuel price hike this year have eased for the moment, after Vice President Jusuf Kalla said the government had no immediate plans to raise fuel prices. "I don't think a fuel price hike is necessary at the moment," Vice President Jusuf Kalla said Monday. "What we have to do now is to use energy more efficiently, fix up our power sector, and think up of other ways to save fuel."

Posted in Economy @ 25 April 2006 07:09 CET by Jeroen · permalink · 0 reactions


RI's natural wealth, a blessing and curse The ongoing discussion about the urgent need to increase the education budget and Vice President Jussuf Kalla's irritation with Indonesian backwardness despite the obvious natural wealth of the country, as reported in this paper on April 5, highlights a problem that is not limited to Indonesia, but harms this country and coincidentally a number of other Muslim countries disproportionally.

Posted in Environment @ 20 April 2006 00:00 CET by Jeroen · permalink · 0 reactions


Shared end at record high at BI move Indonesia shares ended at a record high Monday buoyed the central bank's move to defy market expectations and not hike its benchmark Bank Indonesia rate for the first time since July, analysts said.

Posted in Economy @ 10 January 2006 07:07 CET by Jeroen · permalink · 0 reactions


Many admit to bribing officials In what is seen as further proof that corruption is entrenched in Indonesian society, up to 30 percent of Indonesian adults may have bribed officials in 2005 for speedy government service in obtaining either an ID card, a driver's license or a business permit. This fact was revealed in the 2005 Global Corruption Barometer, a report issued by Transparency International. The report was submitted on Friday to President Susilo Bambang Yudhoyono, who has made the fight against graft one of his top priorities.

Posted in General @ 24 December 2005 12:49 CET by Jeroen · permalink · 1 reaction


Indonesia raises February crude imports to 6.18M barrels Indonesia's state-owned oil and gas company Pertamina (PTM.YY) has sharply raised crude imports for February from January due to lower domestic crude supply, said a company official Friday. The company bought a total of 6.18 million barrels of crude via a tender, he said, adding that the volume is sharply higher from its purchase for January of 3.45 million bbls.

Posted in Economy @ 16 December 2005 07:11 CET by Jeroen · permalink · 0 reactions


October inflation surges to 17.9% on fuel Indonesia's inflation rate jumped to a six-year high after the government increased fuel prices, putting pressure on the central bank to raise interest rates today. Stocks and the rupiah fell. Consumer prices climbed 17.9 percent in October from a year earlier after a 9.1 percent rise in September, the Central Statistics Bureau said today in Jakarta. That's faster than the median forecast of 13.3 percent in a Bloomberg survey.

Posted in Economy @ 01 November 2005 07:01 CET by Jeroen · permalink · 0 reactions


Watchdog: Press freedom in Indonesia improving Indonesia has made further progress in terms of press freedom over the past 12 months, according to Reporters Without Borders' 2005 Worldwide Press Freedom Index. According to the index, made public late last week, Indonesia is ranked 102nd, out of 167 countries surveyed. The country was ranked 117th last year.

Posted in Media @ 24 October 2005 10:17 CET by Jeroen · permalink · 6 reactions


Mr Popularity survives a tough year On Thursday, one year after the inauguration of Indonesian President Susilo Bambang Yudhoyono, a 200-metre mural was erected facing Jakarta's main roundabout. The mural was in front of the deserted Hotel Indonesia where a dissident was bundled out of a window in the film The Year of Living Dangerously.

Posted in Politics @ 22 October 2005 10:32 CET by Jeroen · permalink · 0 reactions


CreditSights: 'Bank Indonesia rate may rise to 12 percent' Bank Indonesia needs to increase interest rates now and be ready to raise them as high as 12 percent, a level unseen since February 2003, or risk further erosion in the nation's finances, according to CreditSights Inc.

Posted in Economy @ 30 August 2005 07:10 CET by Jeroen · permalink · 1 reaction


Rupiah set for biggest drop in 4 years on oil surge Indonesia's rupiah fell, poised for the biggest weekly decline in more than four years, as record crude oil prices threatened the nation's budget-cutting plans and eroded confidence in the government.

Posted in Economy @ 26 August 2005 18:29 CET by Jeroen · permalink · 0 reactions


'Indonesia might raise interest rates’ Pressure is growing on the Indonesian central bank to raise interest rates and defend a battered rupiah. Worried about stifling economic growth, the Indonesian central bank has so far relied on dollar-selling and verbal intervention to stem the rupiah’s decline, suggesting as recently as last week the currency could rally to 9,000 per dollar this year because of strong economic fundamentals.

Posted in Economy @ 27 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Jakarta stock market hits new record high Driven by optimism of higher economic growth next year and continuing macroeconomic stability, the Jakarta stock market soared on Tuesday to another record high. The Jakarta Composite Index closed 1.42 percent, or 12.642 points, higher at 901.380 on a trading volume of 873.35 million shares worth Rp 1 trillion (about US$111 million).

Posted in Economy @ 10 November 2004 00:01 CET by Jeroen · permalink · 0 reactions


Jakarta stock exchange plunges 4% after explosion Location of the Australian embassy in JakartaIndonesian share prices slumped nearly four percent in morning trade Thursday as investors rushed to dump stocks on news of a large blast near the Australian embassy in central Jakarta, dealers said. The cause of the blast is not yet known but hospital officials said at least three people were killed.

Posted in Terrorism @ 09 September 2004 00:03 CET by Jeroen · permalink · 0 reactions


Megawati says 2005 deficit to narrow Indonesia's budget deficit will fall by almost a third, President Megawati Soekarnoputri said, as the fastest economic growth in nine years boosts revenue. The government's deficit next year will probably be 16.9 trillion rupiah ($1.83 billion), or 0.8 percent of gross domestic product, Megawati said in a speech to parliament to present the 2005 draft budget. That is 31 percent less than the 24.4 trillion rupiah projected for this year.

Posted in Economy @ 16 August 2004 00:02 CET by Jeroen · permalink · 0 reactions


Increased prices raise concerns of hike in interest The Central Statistics Agency (BPS) reported on Monday that the prices of imported foods and housing rent edged up in July, and coupled with higher education costs, helped to push inflation up by 0.39 percent from the previous month. "The decline in rupiah contributed in part to the inflation in July, as it pushed up prices of imported foods, although the higher education costs was more attributable to the new school year," BPS chairman Choiril Maksum said while presenting the agency's monthly reports on inflation and trade figures.

Posted in Economy @ 03 August 2004 00:02 CET by Jeroen · permalink · 0 reactions


Market drops over fear Susilo may lose The Jakarta stock market fell on Thursday, with some analysts saying an key factor was fears "market favorite" Susilo Bambang Yudhoyono might fail to win the president's job. The Jakarta Composite Index ended lower by 1.54 percent or 11.92 points, to 759.742, on volume of 1.72 billion shares traded worth Rp 908.78 billion (US$101 million). Stock analyst Fendi A. Susiyanto of BNI Securities said the decline was attributable to profit-taking by investors following concerns Susilo might lose the runoff on Sept. 20 to incumbent President Megawati Soekarnoputri or Wiranto.

Posted in Elections @ 09 July 2004 00:01 CET by Jeroen · permalink · 0 reactions


Govt vows to check raging fires in Sumatra Indonesia is seeking help to put out the raging fires in Sumatra – the source of the haze over neighbouring Malaysia – and taking to court those who carry out open burning. Indonesian Embassy deputy chief of mission Suherman Obon said his country would be happy to accept Malaysia's assistance. “Our ambassador has reported the situation in Malaysia to Jakarta.

Posted in Forest fires @ 26 June 2004 00:02 CET by Jeroen · permalink · 0 reactions


He has established direct air links with Singapore and is negotiating similar links with Malaysia. And now, the Sultan of Yogyakarta province in central Java wants to change the value system of his bureaucrats to make them more entrepreneurial and understand the needs of foreign investors.

Posted in Travel @ 30 May 2004 00:00 CET by Jeroen · permalink · 0 reactions


Asep, a Jakarta parking-lot attendant, rejoiced in 1998 when Indonesian strongman Suharto was overthrown after three decades of authoritarian rule. But democracy hasn't proved to be quite the boon he and so many other Indonesians expected. In some ways, says Asep, his life is worse now than ever before. Under Suharto, he says, at least he only had to bribe one person—a stadium security officer—for the right to manage the lot at Senayan Stadium. But now, Asep complains, he is routinely approached by people claiming to be policemen, soldiers, sports department officials and political-party officers, all demanding baksheesh of a few thousand rupiah or a pack of cigarettes. These kickbacks often eat away almost half of his meager earnings of $2 a day, but "it's hard not to give," says Asep, "because you don't know anymore who is really in charge."

Posted in Politics @ 27 April 2004 00:00 CET by Jeroen · permalink · 0 reactions


Aviation, tourism industries hit by bird flu outbreak As the bird flu continues to sweep through Asia, airlines and tourism agencies worry that the epidemic could revive the SARS nightmare that wreaked havoc on both the aviation and tourism industries in the region last year.

Posted in Bird Flu @ 28 January 2004 00:01 CET by Jeroen · permalink · 0 reactions


Employers fear loss of 1m jobs More than one million Indonesian workers will lose their jobs this year due to ineffective government policies and fierce foreign competition, an employers' group has warned. New investors would stay away, scared by uncertainties resulting from this year's general election, said the Indonesia Employers Association, which groups the nation's leading businessmen.

Posted in Economy @ 07 January 2004 00:01 CET by Jeroen · permalink · 0 reactions


Inflation in November up 1.01%, but still on track for year Consumer price index rose in November by 1.01 percent from the previous month, bringing the cumulative inflation in the first 11 months to 4.08 percent, strengthening hopes that full-year inflation will be lower than the initial government forecast of 6 percent to 7 percent. Chairperson of the Central Statistics Agency (BPS) Sudarti Soerbakti said that although the November inflation rate was quite high, the bureau was optimistic that full-year inflation would be below 6 percent.

Posted in Economy @ 01 December 2003 00:04 CET by Jeroen · permalink · 0 reactions


'Corruption rampant in courts, police, govt' The lack of political will to combat corruption has once again positioned Indonesia as one of the most corrupt countries in the world, anticorruption activists say. Quoting a survey released by the Berlin-based Transparency International (TI) on Tuesday, Emmy Hafild said Indonesia was the second most corrupt country in the Association of Southeast Asian Nations (ASEAN) after Myanmar, and the third in Asia after Bangladesh and Myanmar.

Posted in Corruption @ 08 October 2003 00:01 CET by Jeroen · permalink · 0 reactions


Bomb rocks Marriott Hotel Jakarta, 10 killed [update II] A powerful bomb exploded on Tuesday at about 12:30 p.m. just outside the JW Marriott Hotel on Jl. Dr Satrio in the Mega Kuningan business complex in Kuningan, South Jakarta. The front of the hotel is still burning at this time, with black smoke billowing out from the lobby. Plaza Mutiara, an office building adjacent to the hotel, also suffered damages from the shock of the blast.

Posted in Terrorism @ 05 August 2003 00:03 CET by Jeroen · permalink · 0 reactions


Two die as SARS spreads to Singapore, Indonesia Two persons, including a doctor, died from Severe Acute Respiratory Syndrome (SARS), while six nurses suffering from the deadly flu-like disease were hospitalised today in Singapore. "Two SARS patients in intensive care passed away today," the Ministry of Health said in its daily update.

Posted in SARS @ 08 April 2003 00:01 CET by Jeroen · permalink · 0 reactions


Inflation falls to 7,12% in March Indonesia's inflation rate fell to a better-than-expected 7.12 per cent in March thanks to cheaper food prices, according to official figures released yesterday.

Posted in Economy @ 02 April 2003 00:02 CET by Jeroen · permalink · 0 reactions


Shares down on fear of escalating protests Indonesian shares are lower early Wednesday as blue chips fall further on concerns that protests against recent price and tariff hikes will escalate, dealers said. At 0245 GMT, the Jakarta Stock Exchange Composite index was down 0.5%, or 2.067 points, at 392.452. Decliners lead gainers 13 to four, with 12 stocks unchanged. Volume is light at 11 million shares valued at 25 billion rupiah (€ 1=IDR 9,291).

Posted in Protests @ 08 January 2003 00:02 CET by Jeroen · permalink · 0 reactions


Inflation rate 10.03 % in December Indonesia's annual inflation rate in December reached 10.03 percent, slightly above the government's nine percent target, Central Bureau of Statistics (BPS) chief Sudarti Surbakti said here, Antara news agency reported. The annual inflation rate for 2001 was 12.6 percent. Last month's consumer price index rose 1.2 percent from November due to higher food prices, Sudarti said.

Posted in Economy @ 03 January 2003 00:03 CET by Jeroen · permalink · 0 reactions


Haze returns to bring misery to Borneo Choking haze from forest fires has returned to cover much of Indonesia's side of Borneo island, forcing residents to wear masks as the pollution index rises to three times world safety standards, officials said on Friday. Visibility in at least two provinces has dropped to as low as 50 metres over the past few days and all flights to and from Central Kalimantan's airport have been cancelled since the beginning of the month as the smoke has spread.

Posted in Forest fires @ 13 September 2002 00:05 CET by Jeroen · permalink · 0 reactions


Y-o-Y inflation slows down in May Indonesia's annuall inflation rate iscontinuing to decline, officials said Monday, with a 12.9 percent rate recorded in May, AFP reported. This compares with year-on-year rises in the consumer price index of 15.3 percent in February, 14.8 percent in March and 13.3 percent in April. The Central Bureau of Statistics (BPS) said the May figure was up 0.8 percent from the previous month.

Posted in Economy @ 03 June 2002 00:04 CET by Jeroen · permalink · 0 reactions


Rupiah faces bleak outlook again this week The rupiah faces a bleak outlook again this week as anticipation of a political showdown between President Abdurrahman Wahid and his opponents at the end of this month is expected to further spur dollar buying, analysts predict.

Posted in Economy @ 23 April 2001 00:01 CET by Jeroen · permalink · 0 reactions


When the Jakarta stock market plummeted by 31 points on Sept. 18, 2000, many domestic analysts directly blamed the bomb explosion at the Jakarta Stock Exchange (JSX) building as the main cause. We, on the other hand, beg to differ. In our opinion, most of the decline in the JSX can be directly attributed to weak sentiments toward regional stocks. In turn, part of the weak sentiments occurred through events happening beyond Asia's boundary (i.e. in Europe and the U.S.), while some of the negative sentiments are coming from inside the region itself.

Posted in Economy @ 12 October 2000 00:00 CET by Jeroen · permalink · 0 reactions


Ten people killed in JSX blast A powerful blast rocked the Jakarta Stock Exchange (JSX) building here on Wednesday afternoon, killing at least 10 people and injuring dozens. The dead, mostly drivers, were brought up one-by-one about four hours after the 3:17 p.m. blast by a joint search and rescue team from the smoke-filled second tier of the underground parking lot of the 34-story skyscraper.

Posted in Terrorism @ 14 September 2000 16:33 CET by Jeroen · permalink · 0 reactions
    
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