Latest Jakarta News
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DBS allowed a stake in Danamon as Singapore and Indonesia trade horses
If bank regulators played high-stakes poker - and who knows, perhaps they do - then the conversation between Indonesia and Singapore around the green baize would have gone something like this: "I'll see your money for our bank - and I'll raise you access for ours to your market." Indonesia's central bank has finally approved DBS taking a stake in Bank Danamon. However it ...
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Mt Tangkuban Parahu unmonitored due to stolen equipment
Activity at Mount Tangkuban Parahu in northern Bandung City, West Java, has not been monitored since Tuesday as monitoring equipment installed in Ratu crater has been stolen. The equipment stolen included a seismograph and its battery. "Mt Tangkuban Parahu last erupted between February and March with the center of eruption in Ratu crater," said head of Vulcanology and Geological ...
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Activist dismayed by Dipo
A media activist is upset by Cabinet Secretary Dipo Alam's remarks about Franz Magnis Suseno. Franz criticised the Appeal of Conscience Foundation's plan to give an award to President Susilo Bambang Yudhoyono for upholding religious freedom. "Dipo Alam has seriously misunderstood the reverend's letter as an insult. Instead, it's a bold act to encourage all ...
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Pope issues first appeal for Chinese Catholics
VATICAN CITY -; Pope Francis has issued his first appeal directed at Catholics in China, long the source of concern for his predecessor Benedict ...
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Indonesias natural riches highlight international biodiversity day - in pictures
International Day for Biological Diversity . The Greenpeace ship Rainbow Warrior is touring Indonesia to document the country's rich biodiversity and call for protection for its biodiverse ...
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Switch on to Rhesus negative
An activist has urged people in Jambi to be aware of the Rhesus (Rh) negative blood group.Coordinator for Jambi-chapter Rhesus Negative (RNI), Mira Deswita, said recognizing Rh negative was very … Full News here ...
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Last bodies recovered from Indonesia mine collapse
Papua Rescuers have recovered the last seven bodies from a collapsed mine tunnel in Indonesia's Papua province, taking the accident's final toll to 28.A statement from the Indonesian subsidiary of Freeport-McMoRan says the final victims have been recovered and identified.The rescue team "recovered and identified the last of the remains of the buried workers early this ...
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Special Report The Art of Collecting An Indonesian Storyteller Ahead of His Time
JAKARTA ...
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Mattress maker Kingsdown to sell in Indonesia
Mattress-maker Kingsdown Inc. has signed a licensing deal to begin selling its products in Indonesia, according to Furniture Today. The Mebane-based Kingsdown will partner with the Massindo Group, a large Indonesian mattress and furniture producer. As part of the agreement, Massindo plans to open five retail Sleep Centers this year featuring Kingsdown products. Kingsdown is working to ...
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Hospitals cancel withdrawal from healthcare program
As many as 14 private hospitals that previously expressed their intention to withdraw from the Kartu Jakarta Sehat (KJS) healthcare program are now saying that they will stay following the city administration's plan to evaluate the program. "The 14 hospitals have agreed to stay with us and we are going to thoroughly evaluate the whole program within the next month," Jakarta ...
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Huawei demonstrates LTE-TDD in Indonesia
Chinese equipment manufacturer Huawei Technologies this week demonstrated 4G Long Term Evolution Time Division Duplex (LTE-TDD) technology in Indonesia, showcasing its services as part of its bid to enhance its commitment to the country's ...
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Indonesia re-arrests Chevron exec amid tension
JAKARTA (REUTERS) - Authorities have bypassed a court order and re-arrested an executive at Chevron Corp's Indonesian unit in a graft case that highlights growing tension with big oil companies in a country struggling to reverse a decline in oil production. The attorney general's office said on Wednesday that it had re-arrested Bachtiar Abdul, an executive at PT Chevron Pacific ...
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Japan copper buyers not seeking alternatives to closed Indonesia mine
TOKYO | Wed May 22, 2013 6:37am EDT TOKYO May 22 (Reuters) - Japanese buyers of copper ore from Indonesia's Grasberg mine have stockpiles at the closed mine and a port in the area, and have no immediate plans to buy from other suppliers, a mining industry association in Japan said on Wednesday. Freeport McMoRan Copper and Gold Inc said on Wednesday it would not restart production at ...
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Japan approves joining int’l child abduction pact
Japan’s parliament has approved joining an international child custody treaty amid foreign concerns that Japanese mothers can take children away from foreign fathers without recourse.The upper house … Full News here ...
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Franz Magnis Suseno acknowledges Dipo’s remark
Catholic priest Rev. Franz Magnis Suseno SJ said he could comprehend Cabinet secretary Dipo Alam's latest remark -- that he was a narrow-minded person who had created bad publicity about the country because of his protest of the US-based Appeal Conscience Foundation (ACF)'s plan to award President Susilo Bambang Yudhoyono."It is his right to give statement as well as to defend ...
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OFW claims to be Indonesian skips night-outs to avoid attacks in Taiwan
ILOILO CITY, Philippines -- An overseas Filipino worker in Taiwan had to say she is Indonesian while another Filipino worker could only go to work riding a company truck to be safe from irate Taiwanese. Upon the advice of her employer, she identified herself as an Indonesian whenever asked for her nationality. She has also limited going out in public especially when alone at night. "I ...
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UPDATE 2-DBS-Danamon deal hinges on Singapores invite to Indonesian banks
Wed May 22, 2013 5:25am EDT (Recasts, adds Indonesia bank law proposal, analyst quotes) By Saeed Azhar and Janeman Latul SINGAPORE/JAKARTA May 22 (Reuters) - Southeast Asia's largest bank merger now depends largely on cooperation between Singaporean authorities and Indonesian politicians. Indonesia's central bank gave Singapore's DBS Group Holdings Ltd its long-awaited approval on ...
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Inquiry Set in Fatal Mining Collapse in Indonesia
JAKARTA, Indonesia ...
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Team to Investigate Indonesian Mining Collapse That Killed 28
JAKARTA, Indonesia ...
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UPDATE 1-Indonesian MPs say proposed new bank law should limit foreign ownership
Wed May 22, 2013 4:40am EDT (Adds quotes, detail) By Fathiya Dahrul and Rieka Rahadiana JAKARTA May 22 (Reuters) - Indonesian MPs said they want a new banking law, under discussion since late last year, to limit foreign ownership to a maximum of 50 to 51 percent and suggested it could make it to the statute books by next year. MPs have not publicly discussed a percentage figure before. The ...
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Death toll rises to 28 at Freeport Indonesia tunnel collapse
Freeport McMoRan Copper & Gold said Wednesday that 28 people have been pronounced dead after a tunnel collapsed last week at a training tunnel close to its Grasberg mine ...
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Sunbathing crocodile shocks Indonesian beachgoers
JAKARTA--Hundreds of sunbathers fled a popular Indonesian beach in panic when a four-meter (13-foot) crocodile laid down next to them to soak up some rays, an official said Wednesday. Crowds were thronging the beach at Balikpapan on Borneo island at the weekend when the 500 kilogram (1,100 pound) reptile crawled ashore. ';The crocodile was spotted sunbathing near the lifeguard post on ...
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Freeport cant say when Indonesia mine to reopen confirms 28 dead
1 of 2. Freeport McMoran Chief Executive Richard Adkerson (R) chats with Indonesian Minister of Energy and Mineral Resources Jero Wacik during a news conference after their meeting in Jakarta May 22, ...
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Sriwijaya Air clarifies report on ‘damaged emergency door’
Private airline Sriwijaya Air clarified thejakartapost.com’s report that said an emergency door on its aircraft broke off at Raja Haji Fisabilillah Airport in Tanjungpinang, Riau Island, during … Full News here ...
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STOCKS NEWS INDONESIA-CIMB cuts Bank Danamon to underperform
Wed May 22, 2013 4:08am EDT CIMB Equity Research cut its rating on Indonesia's PT Bank Danamon to 'underperform' from 'buy', saying de-rating catalysts are expected from on-going acquisition uncertainty. "The press reports that BI (Bank Indonesia) has approved a 40 percent stake purchase of Danamon by DBS, but demands more reciprocity from Singapore's central bank if ...
Jakarta Digest
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Jakarta water issues a reflection of bad planning.
Jakarta residents have little access to fresh water from the city’s water system, a reflection of bad planning on the part of city management rather than a lack of funds.
An article posted on the Jakarta-Indonesia-Urban blog reflects a serious situation facing the capital city of the country, “Already there is more waste water generated and dispersed today than at any other time in the history of our planet: more than one out of six people lack access to safe drinking water, namely 1.1 billion people, and more than two out of six lack adequate sanitation, namely 2.6 billion people.” This is a statement on the world situation, but it hits uncomfortable close to home for many Jakartans, in fact, almost a majority of them. Read more
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