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Surabaya receives award for maintaining culture preserves The Education and Culture Ministry of Indonesia has awarded a medal to the Surabaya city government for its efforts in caring for culture preserves.

Posted in History @ 06 September 2014 21:36 CET by Blog Bot · permalink · 0 reactions


House passes geothermal bill into law The House of Representatives (DPR) on Tuesday passed a geothermal energy bill into law, replacing law number 27 of 2003. All factions in the House agreed to the passage of the government-initiated bill into law during a plenary meeting.

Posted in Politics @ 26 August 2014 22:19 CET by Blog Bot · permalink · 0 reactions


Haze disrupts oil palm production in Riau Haze from the ongoing forest fires in the Riau province had disrupted the harvest of oil palm fruits, a local farmer Rohim, 57 years old, said here on Friday. "The thick haze makes it hard for farmers to see the palm fruits that are ready to be harvested," Rohim noted.

Posted in Forest fires @ 14 March 2014 16:30 CET by Blog Bot · permalink · 0 reactions


KPK : 'Losses worth Rp6.7 trillion to state in minerals sector' The Corruption Eradication Commission (KPK) said it has found losses to the state worth Rp6.7 trillion in the minerals and coal sector over the past nine years. The losses were in non tax revenues including royalty and fixed fee in the period of 2003-2011, KPK Deputy Chairman Busyro Muqoddas said here on Thursday.

Posted in Corruption @ 29 August 2013 23:03 CET by Blog Bot · permalink · 0 reactions


23 Freeport workers still trapped in landslide area About 23 employees of US-based gold and copper mining compant PT Freeport Indonesia are still being trapped in a landslide occurring in underground mining area in Tembagapura, Papua Province, last Tuesday (May 14), spokesman said.

Posted in Accidents @ 18 May 2013 14:03 CET by Blog Bot · permalink · 0 reactions


President asks people to preserve tolerance President Susilo Bambang Yudhoyono asked all parties to continue maintaining tolerance and political ethics in entering the year of politics in the run up to the 2014 general elections.

Posted in Religion @ 07 April 2013 22:01 CET by Blog Bot · permalink · 0 reactions


Economic gap seen as cause of security problem in Papua Economic and social gap is the root cause of persistent security problem in Papua, Velix Wanggai, a special staff of the president on regional autonomy, said.

Posted in Violence @ 23 February 2013 00:15 CET by Blog Bot · permalink · 0 reactions


AGO names three suspects in hybrid seed graft case The Attorney General`s Office confirmed on Friday it has named three suspects in an alleged graft case related to the procurement of hybrid seeds at the Agriculture Ministry between 2008 and 2012.

Posted in Corruption @ 09 February 2013 00:17 CET by Blog Bot · permalink · 0 reactions


Fire destroys central market in Bangli The Kidul Market in Bangli, northwest Bali, was heavily damaged by fire on Monday, September 9, 2012. The fire, which started at 2:30 pm, destroyed 104 shops, threatening both the livelihoods of the shop owners and the distribution network that drives a large part of the Bangli economy.

Posted in Accidents @ 18 September 2012 11:00 CET by Blog Bot · permalink · 0 reactions


UNESCO declares Wakatobi world biosphere reserve The United Nations Educational, Scientific and Cultural Organization (UNESCO) has declared the Wakatobi Marine National Park of Southeast Sulawesi province as a world biosphere reserve area unconditionally.

Posted in Elections @ 10 May 2012 15:57 CET by Blog Bot · permalink · 0 reactions


Indonesia promoting nuclear power plant in Bangka The government continued campaigning about the benefits and security of a nuclear power plant among the population of Bangka island in the Sumatran province of Bangka-Belitung.

Posted in Power supply @ 21 April 2012 15:16 CET by Blog Bot · permalink · 0 reactions


Indonesia to soon develop renewable energy Indonesia will soon develop renewable energy to replace the country`s diminishing oil reserves, according to Deputy Energy and Mineral Resources Ministry, Kardaya Warnika.

Posted in Economy @ 08 April 2012 04:13 CET by Blog Bot · permalink · 0 reactions


Jakarta police on standby for flood anticipation At least 1,000 Jakarta Traffic Police are on standby in case flooding occurs in the capital city of Indonesia, said an official here on Thursday.

Posted in Flooding @ 07 April 2012 03:49 CET by Blog Bot · permalink · 0 reactions


Bima district chief revokes PT SMN's exploration permit Energy and Mineral Resources Minister Jero Wacik said the Bima district chief in West Nusa Tenggara has revoked the exploration permit of mining company PT Sumber Mineral Nusantara (PT SMN).

Posted in Politics @ 27 January 2012 08:39 CET by Blog Bot · permalink · 0 reactions


Mount Merapi eruptions buried hundreds of springs Hundreds of springs in the Mount Merapi area have disappeared after being exposed to materials from the mountain`s recent eruptions and as a result , people there were now suffering water shortages, Sultan Hamengkubuwono X said.

Posted in Volcanoes @ 11 November 2011 09:27 CET by Blog Bot · permalink · 0 reactions


Indonesia finds new gas, oil, and coal reserves in Sumatra New gas, oil, and coal reserves were discovered in Indonesia's island of Sumatra, which could have significant impact in the region's development, officials said Monday.

Posted in Economy @ 28 June 2011 00:56 CET by Blog Bot · permalink · 0 reactions


Mitsubishi to invest $2.8 billion in Indonesian LNG plant Mitsubishi Corporation on Monday announced that the final investment decision on the Donggi-Senoro LNG project in Indonesia has been reached and will cost approximately 230 billion JPY ($2.8 billion).

Posted in Economy @ 25 January 2011 06:01 CET by Blog Bot · permalink · 0 reactions


Indonesia fines Singapore's Temasek in anti-monopoly violation Indonesia on Tuesday fined Singapore's investment powerhouse Temasek Holdings Pte and its nine affiliates Rp 15 billion ($1.7 million) each for violating anti-monopoly laws, local media reported.

Posted in Economy @ 19 January 2011 07:54 CET by Blog Bot · permalink · 0 reactions


Indonesia claws its way to economic superpower status Indonesia is one of the "rising stars" of emerging Asia and some economists believe this vast nation will one day become a regional superpower, behind only China and India, as global economic activity increasingly shifts towards east Asia, away from the faltering developed nations of the west and Japan.

Posted in Economy @ 03 October 2010 03:29 CET by Jeroen · permalink · 0 reactions


Kostrad ready to protect border with Malaysia The Army Strategic Reserves Command (Kostrad) is out to protect the border shared by Indonesia and Malaysia in Kalimantan for the sake of territorial integrity. "Currently we are maintaining security in the border zone. If needed, we will mobilize our troops there," Kostrad chief Lt. Gen Burhanudin Amin told Antara state news agency on Monday as he inspected a combined free fall exercise attended by hundreds of soldiers at the Kalijati airbase in the West Java regency of Subang.

Posted in Military @ 24 August 2010 08:45 CET by Jeroen · permalink · 0 reactions


PDAM itself biggest user subterrain water in Bali Despite repeated warnings from the government to conserve sub-terrain water reservoirs in Bali, the Bali Post reports that the state water company PDAM has little hesitation to tap into Bali's diminishing underground water reserves. According to the report, in every municipality and regency of Bali, PDAM derives more water from sub-terrain reservoirs than it does from surface sources. This approach offers several advantages, including less competition with farmers for water from rivers and streams and the reduced cost of tapping into sub-terrain sources that requires less treatment than the more polluted water in Bali's rivers and streams.

Posted in Oddly enough ... @ 26 October 2009 00:05 CET by Jeroen · permalink · 0 reactions


Inadequate power supply contributes to slowdown of investments The Jakarta Post reports that limited power supplies are causing headaches for domestic and foreign investors in Bali. Quoting the vice-chairman of the Bali branch of the Indonesian Chamber of Commerce (KADIN), Tedja Nandi Yasa, the lack of power on Bali's electrical grid has become severe: "We have been working hard to promote Bali, but the anxiety over the minimum electricity supply has eliminated almost 50 percent of the chance to invest here."

Posted in Economy @ 27 May 2009 16:30 CET by Jeroen · permalink · 0 reactions


Indonesia's Freeport to look for efficiency as copper price falls PT Freeport Indonesia, a unit of Freeport McMoran Copper and Gold Inc., said on Wednesday that it will look for efficiency and was to delay exploration projects, following lower world copper prices. But spokesman of the company Mindo Pangaribuan said that the firm, which has cut 75 jobs at its Jakarta office recently, was still optimistic that the prices could recover in coming months.

Posted in PT Freeport @ 01 January 2009 10:23 CET by Jeroen · permalink · 0 reactions


Indonesia warns oil output to finish in 10 years’ time Indonesia’s oil watchdog, BPMIGAS, warned on Friday that the country’s dwindling oil reserves could be exhausted in 10 years’ time if no new reserves are found. Indonesia has struggled to develop its rich energy resources, turning into a net importer of crude oil in recent years.

Posted in Economy @ 04 August 2008 11:10 CET by Jeroen · permalink · 0 reactions


Java and Bali facing continuing electrical power crisis The Chief Director of state power company PLN, Eddie Widiono, has declared that the Java-Bali power grid will continue to suffer shortages in 2008.

Posted in Power supply @ 07 January 2008 00:32 CET by Jeroen · permalink · 0 reactions


Gasoline shortage hits Bali A number of gas stations were forced to temporarily suspend operations when new supplies of premium gasoline failed to arrive in Bali. The shortage, which lasted for 3- 4 days during the second week of May 2007, was blamed for 30-40 minute lines at the gas stations that stayed open to distribute diminishing fuel supplies.

Posted in General @ 20 May 2007 06:14 CET by Jeroen · permalink · 0 reactions


Indonesian central bank to leave Rupiah to market The central bank in Indonesia will allow the market to determine the exchange rates for the Rupiah, even if the currency strengthens beyond 9,000 against the dollar, as was said by deputy governor Aslim Tadjuddin on Friday. Soon after his comments, the currency did indeed break the psychological mark and rose to 8,975 per dollar.

Posted in Economy @ 07 May 2007 09:23 CET by Jeroen · permalink · 0 reactions


Indonesia says still apart with Exxon over Natuna Indonesia and Exxon Mobil Corp. played down a deadline on Monday for the expiration of a contract to operate the Natuna D-Alpha gas block, although an official at oil watchdog BPMIGAS said the two sides remained far apart. Indonesia says it has terminated the contract, while Exxon Mobil has said its Natuna contract remains valid until January 2009 and still plans to develop the field.

Posted in Economy @ 08 January 2007 13:55 CET by Jeroen · permalink · 0 reactions


Indonesia-Russia: Arms, atoms and oil The United States, China and now a resurgent Russia are all competing for regional influence in Southeast Asia, and Indonesian President Susilo Bambang Yudhoyono is shrewdly playing his diplomatic cards among all three suitors.

Posted in Military @ 13 December 2006 00:00 CET by Jeroen · permalink · 0 reactions


Santos cuts Jeruk to 50 million barrels as woes mount MORE than two years after indicating it had a massive oil discovery in Indonesia, Santos yesterday disclosed reserves at its Jeruk find were "most likely to be less than 50 million barrels". The sharp downgrade - to less than a third of the estimate only four months ago - adds to Santos's Indonesian woes with the company battling perceptions that its involvement in the Banjar Pangi-1 well - which this week was implicated in a fatal gas explosion - might damage its vital relationship with the Indonesian Government.

Posted in Economy @ 27 November 2006 10:46 CET by Jeroen · permalink · 0 reactions


Freeport looks beyond Indonesia, sticks to copper For the founders of Freeport-McMoRan Copper & Gold, this weekend's deal for Phelps Dodge Corp. marks a step away from the source of their wealth - and the belief that its product has still a long way to run. New Orleans-based Freeport in a friendly deal that would forge the world's biggest publicly traded copper miner. The acquisition would spread out Freeport's source of its copper to the Americas, where Phelps Dodge operates mines in the U.S., Chile and Peru.

Posted in PT Freeport @ 21 November 2006 02:34 CET by Jeroen · permalink · 0 reactions


Australia says no objection to selling uranium to Indonesia A security agreement signed by Indonesia and Australia earlier this week has provided a basis for Indonesia to buy uranium from Australia for a planned nuclear power plant, according to a local media Wednesday. Local newspaper The Jakarta Post quoted Australian Foreign Minister Alexander Downer as saying that the provision about the nuclear industry was a very important step forward for the two countries, which have pledged to support the non-proliferation of nuclear weapons.

Posted in General @ 15 November 2006 12:21 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


PLN signs deal on 1,200 MW power plant Indonesia state electricity firm PT Perusahaan Listrik Negara (PLN) signed a preliminary deal with U.S. energy firm AES Corp.), Japanese trading firm Sojitz and local firm PT Triaryani to build a 1,200 megawatt coal-fired power plant, the energy minister said on Wednesday. The cost of the project, to be located in South Sumatra, in the west of the archipelago, is estimated at about $1.5 billion.

Posted in Power supply @ 01 November 2006 14:12 CET by Jeroen · permalink · 0 reactions


Jakarta looks deserted as fasting month draws to end As the Muslim holy fasting month of Ramadhan draws to close, Indonesia's capital city Jakarta's boisterous hustle and bustle receded as of Sunday because many residents returned to their home villages or towns to celebrate the Islamic festive days of Idul Fitri which will fall on Monday. According to local media reports, the quietness of the city was felt in the last three or two days.

Posted in Ramadan @ 23 October 2006 04:44 CET by Jeroen · permalink · 0 reactions


Exxon stands firm on Natuna contract Despite uncertainty over its contract, giant oil and gas company ExxonMobil has expressed optimism that it will start developing the D-Alpha gas field in the Natuna Sea in 2008. "The contract is still valid and stands as it is. There have been no official talks about the contract being revised, let alone terminated," Peter J. Coleman, the company's president and general manager for Indonesia, told the press in Jakarta on Thursday evening.

Posted in General @ 13 October 2006 13:26 CET by Jeroen · permalink · 0 reactions


Indonesia terminates Exxon Mobil's Natuna contract Indonesia has terminated a contract held by Exxon Mobil Corp. on the huge Natuna offshore gas field, the country's oil minister said on Tuesday, amid high extraction costs and a lack of buyers for the gas. Despite the difficulties developing the field, the move to end Exxon's contract may cause concern among foreign investors about uncertainties of doing business in Indonesia, compounding worries over the legal system, labour and corruption.

Posted in Economy @ 11 October 2006 06:11 CET by Jeroen · permalink · 0 reactions


Chevron to invest $6 bln in Indonesia gas fields Chevron Corp. (CVX.N) plans to invest about $6 billion to develop gas fields off the coast of Borneo, aiming to crank up flagging Indonesian gas output, a senior official at the country's oil watchdog said on Monday. Indonesia, the world's top liquefied natural gas (LNG) exporter, has failed to meet its contractual commitments to traditional buyers such as Japan, South Korea and Taiwan because of a slump in production.

Posted in Economy @ 09 October 2006 15:25 CET by Jeroen · permalink · 0 reactions


Indonesia pays off IMF debts The Indonesian government has decided to pay off the remaining debts from the International Monetary Fund (IMF) totaling 3.2 billion U.S dollars, the central bank chief said. "So next week we owe nothing to the IMF. After completing the early repayment, we will stand at the same level of playing field. We are no longer a troublesome member," Bank Indonesia Governor Burhanuddin Abdullah was quoted Friday by the major economic daily Bisnis Indonesia as saying.

Posted in Economy @ 06 October 2006 14:23 CET by Jeroen · permalink · 1 reaction


Central bank vows further cuts in interest rate The Indonesian central bank said Friday it may further cut the benchmark interest rate to 10 percent by the end of the year. Earlier this week, Bank Indonesia cut the interest rate by 50 basis points to 11.25 percent. "We are confident that, between now and the end of the year, the inflation will be contained below 7 percent and Bank Indonesia interest rate will move to 10 percent," Bank Indonesia deputy governor Aslim Tadjuddin told reporters here.

Posted in General @ 11 September 2006 14:13 CET by Jeroen · permalink · 0 reactions


Study warns residents to keep safe distance A university's four case scenarios for restless Mt. Merapi predicts local residents would escape harm in the event of an eruption -- as long as they stay eight kilometers from the volcano's crater. Soetoto from the Natural Disaster Study Center of Yogyakarta's Gadjah Mada University said Wednesday previous eruptions of the Central Java volcano had not caused the expulsion of smalls stones or rocks over a great distance, only dust clouds.

Posted in Volcanoes @ 27 April 2006 07:02 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


Foreign exchange reserves reaches record high Indonesia's foreign exchange reserves during the first three months of this year reached 41.1 billion U.S. dollars, a figure never recorded before, Bank Indonesia (BI) Governor Burhanuddin Abdullah said on Wednesday. "This is the highest figure ever recorded since the founding of the republic of Indonesia," Antara news agency quoted Abdulah as saying when presenting the bank's first quarter evaluation.

Posted in Economy @ 06 April 2006 07:03 CET by Jeroen · permalink · 0 reactions


Newmont suspends exploration after camp attack The Newmont mining company suspended gold and copper exploration on Indonesia’s Sumbawa Island after unidentified people torched a camp for its workers, the company said on Monday. No one was injured Sunday when the assailants set the remote camp in Elang district on fire, but the attack underlined the difficulties facing foreign mining companies working in remote regions of the sprawling archipelago.

Posted in PT Freeport @ 20 March 2006 07:41 CET by Jeroen · permalink · 0 reactions


Pertamina, ExxonMobil reach Cepu deal State oil and gas firm PT Pertamina and U.S. oil giant ExxonMobil Corp. announced Monday they had finally reached an agreement to jointly operate the Cepu oil block, ending a protracted four-year dispute. Under the agreement, expected to be officially signed on Wednesday, Pertamina and ExxonMobil will form a joint-operating organization, to be known as Cepu Organization, that will run the oil-and-gas-rich block under a 30-year production-sharing contract with the government, they said in a press release.

Posted in Economy @ 14 March 2006 08:44 CET by Jeroen · permalink · 0 reactions


Govt to withdraw last troops from Aceh on 29th December Indonesia will pull out the last of its special forces from Aceh on Dec. 29 after rebels surrendered their last weapons this week, marking an end to a conflict that has claimed 15,000 lives in the tsunami-devastated province. The fourth and last phase of relocation started on Dec. 20 with 1,621 "non-organic'' military troops withdrawing from Lhokseumawe port, northeast of the provincial capital Banda Aceh, said the Aceh Monitoring Mission, which monitors the implementation of the peace agreement between the government and the Free Aceh Movement rebel group.

Posted in Aceh conflict @ 24 December 2005 10:00 CET by Jeroen · permalink · 0 reactions


2005 oil and gas well drillings fall below its target Indonesia, Southeast Asia's biggest oil producer, drilled 62 oil and gas wells this year, below the government target, because of higher costs of oil rigs, a government official said. Indonesia had wanted companies such as PT Pertamina, BP Plc and ConocoPhillips and Total SA to drill as many as 81 wells this year to increase the country's oil and gas reserves, Kardaya told reporters today in Bandung, West Java.

Posted in Economy @ 18 December 2005 10:17 CET by Jeroen · permalink · 0 reactions


Pertamina to shut Cilacap refinery late December State-owned Pertamina (PTM.YY) next month will shut Indonesia's biggest refinery for maintenance, an official at the oil and gas company said Wednesday. "We will shut down the refinery in late December for maintenance," Pertamina spokesman Mohammad Harun told Dow Jones Newswires.

Posted in Economy @ 23 November 2005 18:51 CET by Jeroen · permalink · 0 reactions


President: RI consuming energy inefficiently President Susilo Bambang Yudhoyono said here Friday Indonesia was consuming energy in less efficient ways than other countries and called on the people and state officials to help conserve energy. The government is trying its best to conserve energy and to find other alternative energy sources such as solar energy, coal and castor oil, he said when inaugurating 13 geothermal and oil projects.

Posted in General @ 28 October 2005 11:18 CET by Jeroen · permalink · 6 reactions


Pertamina seeks to boost crude oil output Indonesia's state oil and gas firm Pertamina has targeted to boost crude oil production to 170,318 barrels per day from 141,839 barrels last year by accelerating the activation of new oil wells, an executive said here Thursday. The company also targeted to increase gas production to 1.5 million cubic feet per day from last year's 1.09 million cubic feet, said Pertamina's head of exploration division Bambang Tjiptadi.

Posted in Economy @ 15 September 2005 18:12 CET by Jeroen · permalink · 0 reactions


Why Indonesia must consider abolishing Rupiah The crisis of confidence that has come back to haunt the rupiah for the second time in eight years is making some analysts wonder if Indonesia would be better off without a central bank. After all, what's the good of having a monetary authority when it can't protect the purchasing power of the currency it issues?

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


ConocoPhillips wins exploration rights in Indonesia ConocoPhillips, the largest U.S. oil refiner, won the right to explore and develop a field in Indonesia, Southeast Asia's biggest oil producer. ConocoPhillips secured the contract to develop the Amborit VI block off the coast of Papua, Novian M. Thaib, director of exploration and production at the Energy and Mineral Resources Ministry, told reporters in Jakarta today. The government named winners of nine exploration blocks today, which included a unit of PT Energi Mega Persada.

Posted in General @ 04 August 2005 12:20 CET by Jeroen · permalink · 0 reactions


Indonesia to stay as full Opec member Indonesia, Asia-Pacific’s only member of the Organisation of the Petroleum Exporting Countries (Opec), has decided to remain a full member of the group, an official at energy watchdog BPMIGAS said yesterday. Indonesia’s declining oil production has left it unable to meet its Opec quota, and it became a net importer of oil for several months of last year. That lead to some calls from parliamentary and industry groups for it to leave the group.

Posted in Economy @ 31 July 2005 10:43 CET by Jeroen · permalink · 0 reactions


PLN: Severe power shortages likely in Bali, Java by October Electric power reserves in Java and Bali are expected to reach a critical point during the dry season which is estimated to begin in October, a PLN (state electricity company) official said. "Power reserves during that time are expected to drop to around 120 Megawatt while the safe level is 600 MW," PLN General Manager for Java and Bali distribution Muljo Adji said here Tuesday.

Posted in Power supply @ 27 July 2005 18:20 CET by Jeroen · permalink · 0 reactions


Indonesia democracy takes final step in local polls Indonesians on Borneo island voted in landmark elections on Wednesday, choosing local leaders for the first time in a process that symbolizes the final devolution of authority from the once all-powerful central government.

Posted in Politics @ 01 June 2005 19:45 CET by Jeroen · permalink · 0 reactions


Govt to reimburse Pertamina IDR4T oil subsidies The Indonesian government in the near future will reimburse PT Pertamina (PTM.YY) IDR4 trillion ($421 million) of fuel subsidies to help the state-owned oil and gas company overcome its cash flow problems, Mines and Energy Minister Purnomo Yusgiantoro said Monday. This is to cover subsidies for the January-to-March period, Purnomo told reporters.

Posted in Economy @ 11 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia to open 43 new areas for oil and gas exploration Indonesia will open 43 new areas for oil and gas exploration in 2005 in a bid to shore up declining oil reserves and output, an official at the mines and energy ministry told Reuters. Asia-Pacific’s only OPEC member became a net oil importer last year due to production problems at ageing wells, but officials insist Indonesia should be able to restore its net exporter status in the longer term.

Posted in Economy @ 10 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Huge cigarette investment lights up prospects of economic revival Suwarno drags deeply on his kretek cigarette, the scented fumes swirling lazily in the Indonesian sunshine. Strong and cheap, the exotic smoke leaves him a little dizzy, but each lungful could take his country nearer its long overdue economic recovery.

Posted in Economy @ 20 March 2005 00:02 CET by Jeroen · permalink · 0 reactions


BI may fail to arrest rupiah's slide The Indonesian rupiah is headed for its biggest six-month decline since the first half of 2001 as central bank efforts to halt the drop fail to sway investors. Bank Indonesia bought its own currency every month this year, threatened to curb currency trading among commercial banks and raised lenders' reserve requirements in an effort to stem the rupiah's 9 percent drop since Jan. 1. The rupiah fell to a 25- month low of 9,595 per dollar on June 2.

Posted in Economy @ 09 June 2004 00:01 CET by Jeroen · permalink · 0 reactions


If oil-crunched Indonesia goes nuclear As the only Asian member and current president of the Organisation of Petroleum Exporting Countries (Opec) oil cartel, Indonesia should be capitalising on the high prices for crude oil and laughing its way to the bank. South-east Asia's largest country, and by far its most populous, has the world's 16th largest proven oil reserves. However, output has declined in the past three years from an average of just over 1.2 million barrels per day to about 1.1 million now, below its Opec quota of 1.27 million. Official figures published in Jakarta last month show Indonesia became a net importer of crude oil for the first time in February and March.

Posted in Nuclear power @ 05 June 2004 00:01 CET by Jeroen · permalink · 0 reactions


Soaring oil prices have again been creating headlines in the economic sections of most newspapers. After climbing about 40 percent last year, oil prices have continued to gyrate widely over the past two weeks.

Posted in Economy @ 24 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


PLN: Java-Bali region prone to blackouts The country's main Java-Bali power grid will continue to run with thin reserves until April due to the lack of fresh power supply despite growing power demands, making the region vulnerable to rotating blackouts. Basuki Prajitno, general manager of power plants and load management of state-owned electricity firm PT PLN said demand for electricity had been picking up since early this year.

Posted in General @ 23 January 2004 00:03 CET by Jeroen · permalink · 0 reactions


Indonesia seeks truth behind events of 1965 What really happened during the 1965 'aborted coup' that prompted a regime change in Indonesia - from founding president Sukarno to Suharto? That is what a team set up by the government hopes to find out. Comprising independent and noted historians, it has been given a year to come up with the truth, Minister of National Education Abdul Malik Fadjar said on Wednesday.

Posted in General @ 03 October 2003 00:03 CET by Jeroen · permalink · 0 reactions


Indonesia faces up to post-IMF reality After five years under the harsh tutelage of the International Monetary Fund (IMF), Indonesia, Southeast Asia's largest economy, is to break free from the IMF's bailout program and loan lifeline at the end of this year when its US$5 billion line of credit expires. A government committee has drafted an economic blueprint, a White Paper for post-IMF Indonesia that will be revealed on Friday, simultaneously with the draft budget for 2004, by President Megawati Sukarnoputri.

Posted in Economy @ 17 August 2003 00:02 CET by Jeroen · permalink · 0 reactions


PLN admits power reserves running thin State-owned electricity company PT PLN said that power reserves on Java and Bali had been depleted, but stopped short of saying there could be more blackouts in the future. Company president Eddie Widiono said that the current reserve margin had reached 28 percent, which is lower than the minimum reserve margin of 30 percent to avert power disruptions.

Posted in Power supply @ 05 June 2003 00:02 CET by Jeroen · permalink · 0 reactions


Indonesian attacks on rebels continue Hundreds of paratroopers jumped into combat while warplanes swooped in to fire rockets at a suspected rebel base in the hills outside the provincial capital. Staged more for TV cameras than for tactical needs, the spectacular attack last Monday launched Indonesia's biggest military operation since it invaded East Timor in 1975. But a week into the campaign against separatist rebels in Aceh province, the fighting already looks a lot like the guerrilla war that people here have endured for 27 years, one marked by few strategic victories and allegations of widespread rights abuses.

Posted in Aceh conflict @ 26 May 2003 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia may dump dollar for oil Pertamina, Indonesia's state oil company, dropped a bombshell recently. It's considering dropping the U.S. dollar for the euro in its oil and gas trades. With war unfolding in Iraq and a mysterious pneumonia spreading around Asia, few noticed. News that Indonesian government officials favor the euro also fell through the cracks. Yet it could have major implications for the world's biggest economy.

Posted in Oddly enough ... @ 18 April 2003 00:01 CET by Jeroen · permalink · 0 reactions


Troops surround rebel camp Indonesia's military said Saturday that it had surrounded hundreds of insurgents in a hidden camp in rebellious Aceh province and have demanded they surrender. The guerrillas have refused and vowed to die fighting. The rare, large-scale standoff comes at a delicate time in the 27-year separatist war in Aceh. Peace talks are set to resume next month and both sides had indicated a willingness to sign a cease-fire.

Posted in Aceh conflict @ 09 November 2002 00:01 CET by Jeroen · permalink · 0 reactions


Two die, 15 injured in a police-army battle in Madiun Two civilians were killed and 15 others were injured during a fierce clash between members of Infantry Battalion 501 of the Army Strategic Reserves Command (Kostrad) and police officers in Madiun, East Java, on Saturday night. Acting spokesperson for the East Java Police, Comr. Penny Handayani, confirmed the clash on Sunday, adding that five police stations, two buildings, including the police hospital in Madiun, and several vehicles were also destroyed.

Posted in Violence @ 17 September 2001 00:01 CET by Jeroen · permalink · 0 reactions


One killed in Pasuruan as unrest continues One person was killed and four others injured in a fierce clash between people claiming to be President Abdurrahman Wahid's supporters and security officers in tense Pasuruan on Wednesday, while another group of people ransacked and torched a Muhammadiyah senior high school in neighboring Situbondo. However, in general the situation remained under control in East Java, the stronghold of Abdurrahman, contrary to people's belief that on Tuesday more people would take to the streets to protest the House of Representative's (DPR) plenary session in Jakarta.

Posted in Violence @ 31 May 2001 00:01 CET by Jeroen · permalink · 0 reactions


TNI, Police braced for state of emergency The Indonesian Military (TNI) and National Police increased their alert status on Friday in anticipation of a possible imposition of a state of emergency. TNI chief Adm. Widodo AS summoned military top brass for a crisis meeting at TNI headquarters in East Jakarta, hours before the holding of a Cabinet meeting.

Posted in Politics @ 26 May 2001 00:02 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


Everything will be okay: President President Abdurrahman Wahid played down on Sunday security fears in the wake of rumored mass rallies between people in support of and against him on Monday. "God willing, there will be nothing," Abdurrahman said after a meeting at the Merdeka Palace on Sunday morning to discuss security in the capital.

Posted in Politics @ 29 January 2001 00:02 CET by Jeroen · permalink · 0 reactions


Rupiah drops to fresh low at year-end Bank Indonesia announced on Friday its year-end buy/sell rate of the rupiah against the U.S. dollar at Rp 9,095/10,095 as the local unit dropped to a fresh low of Rp 9,575 in offshore markets. The domestic financial markets have been closed for the year-end holidays since early this week, but Bank Indonesia announced the buy/sell rate to help the public and business sector conduct transactions.

Posted in Economy @ 30 December 2000 00:01 CET by Jeroen · permalink · 0 reactions


Three UN workers killed in Atambua At least three United Nations humanitarian workers were killed in an apparent retaliatory attack in Atambua, East Nusa Tenggara, on Wednesday following the murder of ex-militia leader Olivio Moruk just days after he was named a suspect in last year's mayhem in East Timor. The UN office in Jakarta said in a statement: "So far four UN humanitarian workers are unaccounted for and feared dead."

Posted in Violence @ 07 September 2000 16:31 CET by Jeroen · permalink · 0 reactions


The oil-rich province of Riau generates 20% of Indonesia's wealth but gets back only a fraction of that. The locals are demanding more.

Posted in Economy @ 28 August 2000 00:00 CET by Jeroen · permalink · 0 reactions


Neighbors asked to help rupiah The acting governor of Bank Indonesia has asked Singapore and other neighboring countries to provide technical assistance in shoring up the embattled rupiah. Anwar Nasution said on Thursday that Bank Indonesia's request pertained to stricter supervision of foreign exchange trading regulations, which could curb speculative attacks on the rupiah.

Posted in Economy @ 28 July 2000 09:33 CET by Jeroen · permalink · 0 reactions


27 killed at fresh Ambon violence Sectarian clashes continued in Ambon on Thursday, bringing the death toll to 27 since violence first re-erupted on Tuesday. Six people were killed on Thursday when mobs rampaged through Ahuru subdistrict, five kilometers east of here, burning the Waihoka community health post, the Petra church and dozens of houses in the area.

Posted in Maluku conflict @ 19 May 2000 10:05 CET by Jeroen · permalink · 0 reactions
    
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