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Indonesian Navy sinks Filipino fishing boat The Indonesian Navys Eastern Indonesian Fleet Command (Koarmatim) has sunk a Filipino fishing boat MV Gerry 12 in the waters of Tahuna Bay, Apengsembeka village, Sangihe Islands District, North Sulawesi.

Posted in Crime @ 13 January 2015 13:42 CET by Blog Bot · permalink · 0 reactions


Political parties barred from accepting foreign funds Political parties in Indonesia participating in next years general elections have been barred from accepting donations from foreign countries, an official from the country's general election supervising agency (Bawaslu) has said.

Posted in Politics @ 29 November 2013 00:22 CET by Blog Bot · permalink · 0 reactions


Singer Agnes Monica becomes Blueberry owner Popular Indonesian singer Agnes Monica, or popularly known as Agnez Monica, has now become one of majority shareholders in Blueberry smartphones manufacturer PT Ninetology Indonesia.

Posted in Economy @ 30 October 2013 05:02 CET by Jeroen · permalink · 0 reactions


Airport operator wants Merpati Nusantara to pay their bills PT Angkasa Pura I has revealed that the debt owed to them for airport charges by PT Merpati Nusantara Airline has reached Rp. 38.4 billion (US$3,84 million.) According to Bisnis.com, the head of corporate administration for PT Angkasa Pura I, Harry Budi Waluyo, said that state-owned Merpati also has debts for aeronautic services due to a number of airports managed by Angkasa Pura I and Angkasa Pura II.

Posted in Economy @ 26 August 2013 09:01 CET by Blog Bot · permalink · 0 reactions


Malindo Air has started operations Malindo Air is a Malaysian-Indonesian airline founded in September 2012 by Lion Air (Indonesia) and NADI (Malaysia). The airline was granted their operating permits earlier this year. Shortly after, they started operations on flights between Kuala Lumpur, Kota Kinabalu and Kuching, all in Malaysia.

Posted in Travel @ 21 April 2013 07:50 CET by Jeroen · permalink · 0 reactions


Bali regional government becomes toll road shareholder The provincial government of Bali has formally become a shareholder in PT Jasa Marga Tol – the operator of the new toll road set to soon connect Benoa – Ngurah Rai Airport – Nusa Dua.

Posted in Economy @ 18 February 2013 02:01 CET by Blog Bot · permalink · 0 reactions


Batam police confiscate meth worth Rp1 billion The police in Batam, Riau Islands, have arrested an alleged narcotics courier and confiscated 512.46 grams of methamphetamine. "The suspect was caught near a police station at the Tiban Centre, Batam," said the chief of the narcotics unit of the Batam, Rempang, Galang resort police command, Commissioner Boy Herlambang, on Wednesday.

Posted in Drugs @ 30 January 2013 23:46 CET by Blog Bot · permalink · 0 reactions


PLN installs solar cells at Indonesia-Timor Leste border posts State electricity company PT PLN has installed solar cells at 31 border posts between Indonesia and Timor Leste in East Nusa Tenggara (NTT), according to East Nusa Tenggara PLN General Manager Richard Safkau.

Posted in Power supply @ 30 October 2012 14:39 CET by Blog Bot · permalink · 0 reactions


NTT police acts against international drug networks The East Nusa Tenggara police have stepped up efforts to detain suspected individuals entering the region to prevent the infiltration of any drug dealer networks in the province, a police official said.

Posted in Drugs @ 27 August 2012 18:54 CET by Blog Bot · permalink · 0 reactions


Habibie: N250 still the best Former vice president BJ Habibie said that N250 is still one of the best aircraft. On the sidelines of an open house on the occasion of Eid-al-Fitr celebration at his residence on Jalan Patra Kuningan here on Sunday Habibie said the plane will be able to fly in the next five years with some design changes.

Posted in General @ 19 August 2012 22:40 CET by Blog Bot · permalink · 0 reactions


Yudhoyono hopes industrialization can be sped up President Susilo Yudhoyono has said he hoped the development of the steel industries could help speed up overall industrialization in Indonesia.

Posted in Economy @ 01 March 2012 09:43 CET by Blog Bot · permalink · 0 reactions


Expat hotel owner jailed in Singaraja NusaBali reports that the expatriate owner of the Hotel Melka in Singaraja, Karl Gunther Meyer (52), is being held in the Singaraja prison in under suspicion of fraud or embezzlement involving billions of rupiahs allegedly taken from a business associate.

Posted in Crime @ 28 February 2012 08:45 CET by Jeroen · permalink · 0 reactions


Nazaruddin named suspect in money laundering case A former Democrat Party`s treasurer has been named suspect in a money laundering case involving the purchase of shares worth Rp300.8 billion in national-flag carrier PT Garuda Indonesia.

Posted in Corruption @ 15 February 2012 08:37 CET by Blog Bot · permalink · 0 reactions


Aburizal Bakrie reports Ramadhan Pohan to police Golkar Party leader Aburizal Bakrie has reported Democrat Party (PD) politician Ramadhan Pohan to the police for alleged defamation. A lawyer of Bakrie, Rudy Alfonso, said the lawyers` team he was heading was certain the report would lead to a case in court.

Posted in Politics @ 02 February 2012 07:45 CET by Blog Bot · permalink · 0 reactions


Tiger Airways buys stake in grounded Indonesian airline Singapore budget airline Tiger Airways has bought a 33 percent stake in grounded Indonesian carrier Mandala Airlines, the companies announced on Monday. Financial details were not immediately disclosed.

Posted in General @ 30 January 2012 13:49 CET by Blog Bot · permalink · 0 reactions


Indonesia's foreign investment to surpass $19 billion in 2012 Foreign investment in Indonesia is projected to reach more than $19 billion this year, local media quoted Bank Indonesia officials as saying on Saturday.

Posted in Economy @ 14 January 2012 19:58 CET by Blog Bot · permalink · 0 reactions


Mimika district preparing to buy Freeport stake Five-percent stake in mining giant PT Freeport Indonesia, is bought by the Mimika district, administration deputy administrator H Abdul Muis, said here Thursday. He said the district administration was eyeing a 9.38 percent stake in PT Freeport that was previously owned by Indo Copper company.

Posted in PT Freeport @ 04 November 2011 12:19 CET by Blog Bot · permalink · 0 reactions


Mandala Airlines in the hands of Saratoga Group The Saratoga Group, an investment company founded by Edwin Soeryadjaya and Sandiaga Uno, has announced that is had acquired 51 percent of Mandala Airlines stock. The remaining shares are in the hands of Tiger Airways with 33 percent and 16 percent for the old shareholders and creditors of the airline.

Posted in Travel @ 21 May 2011 01:49 CET by Jeroen · permalink · 1 reaction


Two parties interested in buying Mandala Airlines At least two investors are preparing to take over PT Mandala Airlines which is currently experiencing a financial crisis. They are PT LCNC which is a lessor of aircraft and also PT Manunggal Sejati Group Sinarmas Group.

Posted in Travel @ 31 January 2011 11:00 CET by Jeroen · permalink · 0 reactions


Jamsostek readies to purchase Garuda Indonesia shares Indonesia's PT Jaminan Sosial Tenaga Kerja (Jamsostek) on Wednesday announced that it is pushing to buy 7.5 percent of state-owned airline Garuda Indonesia's stock during its upcoming initial public offering.

Posted in Economy @ 20 January 2011 04:15 CET by Blog Bot · permalink · 0 reactions


Three journalists guilty of illegaly buying Krakatau Steel IPO shares Three of the four journalists were found guilty in using their positions to obtain shares in the initial public offering (IPO) of Indonesia's state-owned steel company PT Krakatau Steel, local media reported.

Posted in Oddly enough ... @ 01 December 2010 18:19 CET by Blog Bot · permalink · 0 reactions


Foreigners able to buy property soon? Indonesia plans to allow foreigners to own property in the country and has completed its review of investment rules under the so-called negative list, said the country's investment coordination agency. The country will deregulate its property industry by the end of the first half year of 2010, paving the way for foreigners to buy homes and commercial real estate directly.

Posted in General @ 06 April 2010 08:06 CET by Jeroen · permalink · 0 reactions


From hotel room to standard prison cell Artalyta Suryani, a businesswoman convicted for corruption, thought she had it all figured out after she was put in prison for her crime. Her cell in the Pondok Bambu prison in East Jakarta was turned into a hotel room in which she was supposed to stay for a few years. Her 64 square meter large room had a large bed, flat0screen television, refrigerator and air-conditioning.

Posted in Crime @ 22 January 2010 04:52 CET by Jeroen · permalink · 2 reactions


Garuda to go public within a matter of months The Indonesian government has confirmed that the national airline PT Garuda Indonesia will offer up to 25% of its shares via an initial public offering scheduled for Q2 of 2010. To this end, an underwriter has been appointed by Garuda.

Posted in Garuda Indonesia @ 21 January 2010 06:16 CET by Jeroen · permalink · 0 reactions


Bali needs a HIV/AIDS care center HIV/AIDS activist in Bali have called on Bali's administration to establish a special rehabilitation center for people suffering from the disease.

Posted in Health @ 30 November 2009 01:15 CET by Jeroen · permalink · 0 reactions


Garuda shopping for more aircraft The Jakarta Post reports that Garuda Indonesia has allocated US$100 million (70 million euro) for expenditure in 2010 as the first of five yearly installments that will increase the airline's present fleet from 67 to 116 aircraft. Garuda's finance director Eddy Purwanto told the press, "We plan to spend $100 million in capital expenditure in 2010 to buy more planes as well as to fulfill Garuda's other operational expenditure."

Posted in Garuda Indonesia @ 14 November 2009 11:43 CET by Jeroen · permalink · 0 reactions


What is 'newcomer' KLM going to do? Although KLM is flying to destinations like Jakarta and Surabaya in Indonesia through a 'detour' - by codeshares with Malaysian and Singapore Airlines for example - they will also fly to Bali with their own blue swans three times a week later this year. This means that three plane loads of Dutchmen can fly to Bali to celebrate their holidays without leaving the Netherlands behind during their long flights.

Posted in Travel @ 15 October 2009 12:51 CET by Jeroen · permalink · 0 reactions


Bank Mandiri to buy 11% stake in Garuda Indonesia Bank Mandiri, the biggest lender in Indonesia, has announced that it will take an 11 percent stake in now state-owned Garuda Indonesia. All parties involved agreed on this share for Bank Mandiri. Under the plan, Mandiri will convert 100 million dollar of the bond debt into equity. The buy values Garuda Indonesia around 910 million dollar (635 million euro).

Posted in Garuda Indonesia @ 29 August 2009 13:15 CET by Jeroen · permalink · 0 reactions


Garuda Indonesia wants to fly free - again Garuda Indonesia has again presented plans to raise between 300 and 400 million dollar in an initial public offering (IPO) early 2010. Emirsyah Satar told reported that the funds raised from the IPO would be used to pay for the expansion plans of the company. He added that Garuda Indonesia was worth some 1.5 billion dollar (1.1 billion euro).

Posted in Garuda Indonesia @ 26 August 2009 11:41 CET by Jeroen · permalink · 2 reactions


Operating licenses expired; Garuda cancels purchase of airlines Garuda Indonesia has abandoned plans to acquire either Linus Airways or Star Air following the formal revocation on July 26, 2009, of the operating licenses of the two air carriers by the Indonesian Department of Civil Aviation.

Posted in Garuda Indonesia @ 21 July 2009 05:53 CET by Jeroen · permalink · 1 reaction


Garuda finalizing acquisition of Star Air Unsuccessful in their bid to reach an agreement that would allow the purchase of 100% of the shares of Linus Airways, the national air carrier Garuda Indonesia is reported to be near finalizing an agreement to purchase Star Air. Both Linus Airways and Star Air ceased operations in 2008. Garuda is seeking to purchase the operating licenses of an existing Indonesian carrier as a "fast track" solution to the lack of an airline operating license and other licenses needed for its low-cost subsidiary Citilink.

Posted in Garuda Indonesia @ 20 June 2009 13:17 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


KPK names two suspects in bribery case The Corruption Eradication Commission has named Mohammad Iqbal, a member of the Business Competition Supervisory Commission, and Billy Sindoro, President Director of First Media, as suspects for bribery less than a day after the arrest was made on them. Muhammad Iqbal is detained at Central Jakarta Police headquarters while Billy is detained in West Jakarta, both will be under police custody for 20 days.

Posted in General @ 17 September 2008 05:51 CET by Jeroen · permalink · 0 reactions


Indonesia lowers taxes to attract business Indonesia’s parliament has passed a long-awaited law cutting corporate and personal income tax rates to broaden the country’s relatively tiny tax base and stimulate economic growth. Analysts hailed the legislation as a major milestone in Indonesia’s transition to a more business-friendly market. But they cautioned that further reforms are needed, particularly in labour regulations and the legal sector, to improve the investment climate.

Posted in General @ 03 September 2008 03:25 CET by Jeroen · permalink · 0 reactions


Indonesia threatens to close Adam Air in three weeks Indonesia threatened Monday to close low-cost carrier Adam Air after two of its largest shareholders announced plans to pull out of the beleaguered company. The airline has defaulted on debt payments to airplane leasing companies, which has forced the company to ground 12 of its 22 planes, said Adam Suherman, whose family together with Sandra Ang owns a 50 percent stake.

Posted in General @ 17 March 2008 13:54 CET by Jeroen · permalink · 1 reaction


Lion Air to acquire airlines in six countries Indonesia's budget carrier Lion Air said Wednesday that it was preparing funds to acquire shares in airlines in six Asian countries as part of the company's ambition to boost its global presence. Lion Air will buy stakes in airlines in Thailand, Vietnam, Malaysia, the Philippines, Bangladesh and South Korea at the amount permitted under their respective laws.

Posted in General @ 15 November 2007 01:33 CET by Jeroen · permalink · 0 reactions


Indonesia privatises part of toll road company The Indonesian government is selling a 30 percent stake in PT Jasa Marga, the leading state toll road operator, at an IPO targeted at the top of the range to raise some 267 million euro. This makes it the fourth largest IPO in Indonesia since the Asian financial crisis in 1997-1998. The deal is the second sale of an Indonesian government owned company this year. Earlier PT Bank Negara Indonesia (BNI) had raised some 537 million euro, of which 43 percent went to the state coffers. The sale cut the government’s stake in BNI from 99.1% to about 73%.

Posted in Economy @ 29 October 2007 01:08 CET by Jeroen · permalink · 0 reactions


West-Java farmers struggle to survive Farmers living outside Indonesia's flood-hit capital said Monday they were struggling to survive after hundreds of square miles of land were inundated, destroying rice and other recently planted crops. With waters receding, many returned to their washed-out fields Monday to survey the damage.

Posted in Flooding @ 12 February 2007 11:53 CET by Jeroen · permalink · 0 reactions


Indonesia may curb exports of crude palm oil Indonesia, the world's second largest palm oil grower, may curb unprocessed exports of the commodity to encourage the development of local refining, an official at the Trade Ministry said. Curbing overseas sales of crude palm oil (CPO) is among the options that will be discussed at a meeting on January 22, Agus Tjahyono, agricultural exports director, said in an interview yesterday. "There are lots of options besides taxes to discourage exports," Tjahyono said. "We can impose regulations."

Posted in Economy @ 20 January 2007 09:41 CET by Jeroen · permalink · 0 reactions


Report: Indonesia to file civil charges against Suharto The Indonesian attorney-general's office plans to file a civil lawsuit against former president Suharto by the end of this month, the Jakarta Post reported on Saturday. The Jakarta Post quoted Attorney-General Abdul Rahman Saleh as saying his office was still calculating how much money it aimed to seize from Suharto. "I don't know the exact amount. One thing for sure, it's a lot of money," he said.

Posted in General @ 06 January 2007 12:08 CET by Jeroen · permalink · 1 reaction


Indonesia central bank cuts key rate to 14-month low Indonesia's central bank cut its benchmark interest rate to a 14-month low, the seventh reduction since May, to help revive consumer spending and boost investment. Bank Indonesia Governor Burhanuddin Abdullah and his fellow policy makers reduced the rate used as a reference for bill sales by half a percentage point to 9.75 percent, a move predicted by 16 of 21 economists surveyed by Bloomberg News, and indicated further cuts are likely next year.

Posted in Economy @ 08 December 2006 03:03 CET by Jeroen · permalink · 0 reactions


Indonesia gas sale fails amid Java mudflow row Indonesian energy and mining firm PT Energi on Tuesday lost a potential buyer of some gas assets as controversy over devastating mud flows from near a drilling site in East Java continued to rage. PT Energi Mega Persada Tbk wants to sell stakes in firms that control gas block operator Lapindo Brantas -- a company that has been blamed for causing mud to gush from near a drilling site for months.

Posted in Sidoarjo mudflow @ 28 November 2006 16:16 CET by Jeroen · permalink · 0 reactions


Indonesia becomes frontline in World Bank battle against corruption Paul Wolfowitz, a key architect of America's invasion of Iraq and its ambitions to reshape the world, was President George Bush's controversial choice to take the reins of the World Bank last year. Mr Wolfowitz, despised by many for his policies but admired for his intellect, ignored the furore over his appointment, waiting 12 months to make his first major policy pronouncement. Its location, Indonesia, and his warning of rampant corruption undermining global aid and development efforts, was almost as ambitious and controversial as his attempts to re-engineer the Middle East.

Posted in Economy @ 18 November 2006 00:00 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


BI closes down UFJ Indonesia The central bank has closed Bank UFJ Indonesia at the request of its own shareholder, the Bank of Tokyo-Mitsubishi UFJ (BTMU). As of Oct. 5, the lender has been effectively required to terminate all banking and other operations at all of its branch offices, Bank Indonesia said in a statement released Friday.

Posted in Economy @ 15 October 2006 03:09 CET by Jeroen · permalink · 0 reactions


Trials and travails of Indonesia's richest man Publicity-shy paper and plantation magnate Sukanto Tanoto is in Indonesia's national headlines after topping two high-profile lists. Forbes Asia last month listed the 56-year-old tycoon as the richest individual in Indonesia, with assets worth about US$2.8 billion (Rp25.2 trillion). In June, the self-made ethnic-Chinese tycoon also topped a list of state-owned Bank Mandiri's six biggest debtors.

Posted in General @ 15 October 2006 00:00 CET by Jeroen · permalink · 0 reactions


JSX suspends Bank Negara Indonesia from trading The Jakarta Stock Exchange (JSX) said it is suspending trading in the shares of PT Bank Negara Indonesia (BNI) today to give investors time to reassess their views about the stock after its 77 pct gain over the past two weeks.

Posted in Economy @ 29 September 2006 05:49 CET by Jeroen · permalink · 0 reactions


Indonesia allots 6M hectares for biofuel Indonesia has earmarked 6 million hectares for development of its biofuel industry, part of plans to reduce its dependence on crude oil and susceptibility to price fluctuations, its energy minister said Friday. "Our target to develop our biofuel industry is by 2009-2010," said Energy Minister Purnomo Yusgiantoro. "And we have plans for 6 million hectares (14.8 million acres) of development, worth about US$20 billion (euro15.6 billion)."

Posted in Economy @ 05 August 2006 05:07 CET by Jeroen · permalink · 0 reactions


Indonesia fully reopens border with Timor Leste The Indonesian Military (TNI) has fully reopened the land border in East Nusa Tenggara province to allow Indonesians entering Timor Leste as security situation in the neighbor has returned to normal, an officer said Thursday. "We have fully reopened the land border. Indonesians are allowed to go to Timor Leste and so Timor Leste people can enter Indonesia as long as they have necessary legal document," Major Infantry Aziz Mahmudi, spokesman of border patrol, was quoted by the national Antara news agency as saying.

Posted in Politics @ 14 July 2006 14:42 CET by Jeroen · permalink · 0 reactions


Quake survivors wait patiently for help Muddin gently tries to lift his injured two-year-old daughter from the hospital trolley she shares with her injured mother and five-year-old brother. The half-naked little girl is hot and crying. Iksanu Khoirun Nisa wants her father, but the drip in her arm -- held in place by a piece of cardboard and bandage -- and her splinted leg makes it difficult, so instead he fans her with an old box.

Posted in Earthquake @ 30 May 2006 17:16 CET by Jeroen · permalink · 0 reactions


Doctor: Suharto's condition deteriorates Former Indonesian President Suharto's condition has deteriorated after further internal bleeding, but the long-time ruler is fully conscious, one of his doctors said on Saturday. Suharto, 84, who ruled Indonesia for 32 years, was admitted to hospital more than a week ago because of bleeding in his digestive system, which lowered his body's oxygen level, including to his brain.

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


Indonesia says 3 Papuan students possibly flee for PNG The Indonesian Foreign Affairs Ministry said Monday it received report from Papua New Guinea indicating that three students have fled Papua province for political asylum in the neighbor. "There is an indication (of asylum seeking). The Indonesian Embassy in Port Moresby is working to check the report," the ministry's spokesman Desra Percaya was quoted by the Detikcom news website as saying.

Posted in Violence @ 28 March 2006 06:34 CET by Jeroen · permalink · 0 reactions


Protests in Papua threaten peace, crisis group says Protests in Indonesia's Papua province threaten the resource-rich region's peace process, which will collapse without the support of the Indonesian government, the International Crisis Group said. The government sent additional forces to Papua's capital, Jayapura, after the deaths of five security officers last week during protests to demand the closure of Freeport-McMoRan Copper & Gold Inc.'s Grasberg mine, the world's largest for gold and second-biggest for copper.

Posted in PT Freeport @ 24 March 2006 08:35 CET by Jeroen · permalink · 0 reactions


Four more sought over shooting of Americans Indonesian authorities are hunting for four more people over the 2002 killing of two Americans in Papua province, police said on Monday after declaring eight men suspects in the case last week. The eight were arrested on Wednesday over an ambush that killed two Americans and an Indonesian, all teachers from a school run by PT Freeport Indonesia, a unit of U.S.-based Freeport-McMoRan Copper & Gold Inc., which operates mines in Papua's mountains.

Posted in PT Freeport @ 17 January 2006 12:59 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


SIA, Lufthansa, KLM, THAI consider partnership with Garuda Singapore Airlines, Lufthansa, KLM Royal Dutch Airlines and Thai Airways International Airlines expressed interest in forming a strategic partnership with PT Garuda Indonesia, which may include injecting funds into the ailing national flag carrier, an official at the office of the Indonesian State Minister for State Enterprises said.

Posted in Garuda Indonesia @ 06 January 2006 13:00 CET by Jeroen · permalink · 13 reactions


HIV-positive Dolvince keeps spirit of life aflame The mere mention of the term "PLWHA" (person living with HIV/AIDS) will make people's imagination immediately form the image of a frail person characterized by a severe inferiority complex and a strong urge to keep himself aloof from society. This is a common image about a PLWHA because the people in this country, generally, still find it difficult to accept them.

Posted in Culture @ 01 December 2005 00:00 CET by Jeroen · permalink · 0 reactions


Scientists in Indonesia find evidence of another 'Hobbit' Scientists digging in a remote Indonesian cave have uncovered a jaw bone that they say adds more evidence that a tiny prehistoric Hobbit-like species once existed. The jaw is from the ninth individual believed to have lived as recently as 12,000 years ago. The bones are in a wet cave on the island of Flores in the eastern limb of the Indonesian archipelago, near Australia.

Posted in Oddly enough ... @ 11 October 2005 20:21 CET by Jeroen · permalink · 1 reaction


Study: 'Indonesia military commits genocide in Papua' Indonesia's military is allegedly committing genocide in its eastern province of Papua, which may threaten the survival of the region's tribal population, the University of Sydney's Centre for Peace and Conflict Studies said in a report.

Posted in General @ 19 August 2005 07:05 CET by Jeroen · permalink · 0 reactions


Philip Morris raises stake in Sampoerna to 97 pct Philip Morris International Corp said it has raised its stake in Indonesia's third largest 'kretek' (clove) cigarette maker, PT HM Sampoerna, to 97 pct following an irrevocable tender offer for an additional 57 pct. The tender was launched a month ago and is due to close today.

Posted in Economy @ 18 May 2005 20:35 CET by Jeroen · permalink · 1 reaction


Three Mandiri Bank executives named in corruption probe Prosecutors investigating a graft case reportedly involving 1.3 billion dollars in loans from Indonesia's largest lender have named three state-bank executives as suspects. Bank Mandiri's president ECW Neloe, vice president I Wayan Pugeg and corporate banking director Sholeh Tasripan were Wednesday declared suspects in the corruption case, the attorney general's spokesman Suhandoyo told AFP.

Posted in Corruption @ 12 May 2005 00:01 CET by Jeroen · permalink · 0 reactions


Philip Morris offers to buy Sampoerna for US$5.2 billion Marlboro maker Philip Morris on Monday said it is offering US$5.2 billion for one of heavy-smoking Indonesia's largest cigarette firms to expand its share of one of the world's biggest markets. The US firm agreed to acquire a 40 percent stake in Sampoerna for 10,600 rupiah a share -- 20 percent higher than the closing price of 8,850 last Thursday -- and said it wanted to buy the remainder for the same amount.

Posted in Economy @ 14 March 2005 00:01 CET by Jeroen · permalink · 0 reactions


Heineken to brew beer in Indonesia Dutch brewer Heineken plans to start producing beer in Indonesia, the world's most populous Muslim nation, in a bid to tap the premium segment of the market, its local partner said on Thursday. Indonesia, where beer consumption has been hit by weak purchasing power and fewer foreign tourists due to a string of terror attacks, has a per capita consumption of 0.6 litres a year - the size of one standard local Heineken bottle - lower than Malaysia's 10 litres and China's 18 litres.

Posted in Economy @ 17 December 2004 00:01 CET by Jeroen · permalink · 0 reactions


AirAsia Indonesia operations may start In January Malaysia's first budget carrier AirAsia Bhd. (5099.KU) could start operating its 49%-owned Indonesia joint-venture airline as early as January, the Star daily reports, quoting Executive Director Kamarudin Meranun. The actual timing of PT AWAir's start will depend on when AirAsia completes due diligence on the airline and the finalization of the deal, Kamarudin said.

Posted in Economy @ 19 November 2004 00:02 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


Antam seeks financing for massive bauxite project State-owned mining company PT Aneka Tambang (Antam) said it would seek financing for its massive bauxite processing project in Tayan, West Kalimantan, next year after it completed negotiations with overseas partners to form a joint venture for the project. "We expect to start seeking financing for the project next year after we sign a joint venture deal for the project with our partners," said Antam President Director Dedi Aditya Sumanagara during a meeting with the House of Representatives' energy and mining commission on Monday.

Posted in Economy @ 07 September 2004 00:03 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 says may merge top two state banks Indonesia is considering merging its two largest state-controlled banks, a minister in charge of state firms said, a move analysts had speculated about after a multimillion dollar export credit scandal at the smaller of the two banks.

Posted in Economy @ 07 February 2004 00:02 CET by Jeroen · permalink · 0 reactions


Final disembarkation call for aviation workers The government has decided to press ahead with its plan for massive lay-offs at ailing state aircraft maker Dirgantara Indonesia despite angry protests by employees of the virtually bankrupt company. Coordinating Minister for Economic Affairs Dorodjatun Kuntjoro-Jakti said the decision was reached at a limited cabinet meeting on Thursday.

Posted in Economy @ 14 November 2003 00:01 CET by Jeroen · permalink · 0 reactions


BRI has people queuing If there remains a lack of confidence in Indonesia’s economy, no-one told the “huge crowd” that queued for a slice of the initial public offering of Bank Rakyat Indonesia (BRI) on Thursday (23/10/03). The Jakarta Post noted that very little noise has been made about the float, but word has clearly got around that, of all the banks on the market, this is the one that is producing the goods.

Posted in General @ 27 October 2003 00:03 CET by Jeroen · permalink · 0 reactions


BI upbeat on rupiah despite recent slide The rupiah weakened on Friday against the U.S. dollar for the fourth consecutive day at Rp 8,490 per dollar, but the central bank said that the current movement was still "within range" and that intervention was unnecessary. Bank Indonesia senior deputy governor Anwar Nasution told reporters that the central bank had no plans so far to intervene in the market to support the local unit.

Posted in Economy @ 25 October 2003 00:03 CET by Jeroen · permalink · 0 reactions


Jakarta tightens grip on Aceh and Papua Indonesia's military (TNI) showed signs this week of tightening its hold on Aceh and Papua, two resource-rich regions at either ends of the sprawling archipelago that have voiced separatist sentiments and seen much violence in recent years. On Thursday, military chief General Endriartono Sutarto said he would immediately dispatch four fresh battalions, or 2,000 troops, to Papua. The move followed violent anti-government protests in Papua that have killed five in the past two weeks.

Posted in Violence @ 06 September 2003 00:01 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


IMF: Indonesia may surpass 2004 GDP growth target The International Monetary Fund said Friday that Indonesia's economy in 2004 could grow by more than the government's forecast of between 4% and 5%. The IMF's director for Asia Pacific, Daniel Citrin, who is leading a review of Indonesia's economy, also said the government's 2004 budget deficit target of 1% of gross domestic product was "reasonable."

Posted in Economy @ 03 May 2003 00:01 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


Strong Earthquake Rocks Indonesia A strong earthquake rocked parts of southeastern Indonesia, damaging dozens of houses but injuring no one, officials said Saturday. The 5.9 magnitude quake was felt first in the district of Manokwari on the northern coast of Papua province at 10:43 p.m. Friday, said Hamdani, an official with the Meteorology and Geophysics Agency. Papua province shares the island of New Guinea with the country of Papua New Guinea.

Posted in Earthquake @ 21 September 2002 00:01 CET by Jeroen · permalink · 0 reactions


Soekarno-Hatta to be offered to foreign investors The president director of PT Angkasa Pura II, Edie Haryoto, disclosed on Tuesday that the state-owned company operating Jakarta's Soekarno-Hatta International Airport would be sold to foreign investors. "At the initial stage, foreign investors will only be entitled to buy 10 percent to 15 percent of the shares. But if evaluations to be done every three years show that the investor's presence improves the company's performance, it will be allowed to hold up to 39 percent of the shares," Edie said, as quoted by the Antara news agency.

Posted in Economy @ 13 August 2002 00:01 CET by Jeroen · permalink · 0 reactions


Tutut exits Jakarta toll road Jakarta motorists will no longer be able to bitch that toll road profits are going into the pockets of former president Suharto’s eldest daughter Siti Hardiyanti ‘Tutut’ Rukmana. She’s sold her last remaining stake in lucrative toll road operator PT Citra Marga Nusaphala Persada (CMNP), the Bisnis Indonesia daily reported Wednesday (24/7/02). CMNP operates Jakarta’s Cawang-Tanjung Priok-Pluit toll road, which stretches for 30 kilometers and reportedly rakes in about $40 million a year.

Posted in General @ 25 July 2002 00:01 CET by Jeroen · permalink · 0 reactions


This year we have still to see the worst of the floods. Former state minister for the environment and professor in business ethics Sonny Keraf, who served in the Cabinet of former president Abdurrahman "Gus Dur" Wahid, shares his views on environmental policy with The Jakarta Post contributor Dwi Iswandono. . Question: What is your comment on the recent floods? . Answer: The floods have been caused by human behavior. The root of this disaster is morality, as displayed in the form of bad practice in government, private enterprise and society. Such actions have ignored all the regulations we made to safeguard the environment.

Posted in Flooding @ 31 January 2002 00:00 CET by Jeroen · permalink · 0 reactions


Expert warns of high cost of subway A overseas expert warned on Tuesday of the price the city would have to pay for its Mass Rapid Transit (MRT) or subway system, saying the project would be barely feasible. Director for International Affairs at Japan's Teito Rapid Transit Authority (TRTA) Kunio Kawakami told a seminar on the Indonesian railway system here that there were only a few subway systems worldwide whose operating income exceeded operating costs.

Posted in General @ 07 February 2001 00:02 CET by Jeroen · permalink · 0 reactions


IBRA faces tough challenges in meeting target The Indonesian Bank Restructuring Agency (IBRA) admitted that the challenges ahead would be "incredibly huge" in meeting its 2001 target. IBRA deputy chairman Slamet Sumantri said that the agency would find it difficult to obtain a good price for its banking assets because of competition from other similar agencies in neighboring countries.

Posted in Military @ 08 January 2001 00:03 CET by Jeroen · permalink · 0 reactions
    
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