Latest Jakarta News
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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 ...
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Indonesia to sell global bonds in second half
JAKARTA | Wed May 22, 2013 3:44am EDT JAKARTA May 22 (Reuters) - Indonesia plans to issue global bonds in the second half of this year, and dollar bonds in the domestic market in October, the head of the debt office said on Wednesday. Indonesia also plans to issue 20 trillion rupiah ($2 billion) of retail bonds in October, and a global sukuk in September or October, said Robert ...
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Indonesia demolished 0-5 by China at Sudirman Cup
Indonesia's Aprilia Yuswandari celebrates after winning her first game against China's Li Xuerui during the 2013 Sudirman Cup world mixed team badminton championships in Kuala Lumpur, Malaysia, on Tuesday. Aprilia lost 21-13, 4-21, ...
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Fitch DBSDanamon Decision May Temper Indonesian Bank MA
U.S. Money Funds Return to Eurozone Banks U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April, although asset allocations to these institutions remain well below 2011 levels, according to Fitch Ratings. As of end-April 2013, MMF allocations to eurozone banks represented 15.1% of assets under management within Fitch Ratings'sample of the 10 largest U.S. ...
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Freeport losing 220000 T of ore output a day at shut Indonesia mine
JAKARTA | Wed May 22, 2013 1:55am EDT JAKARTA May 22 (Reuters) - Freeport McMoRan Copper & Gold Inc is losing production of about 220,000 tonnes of concentrated ore a day after the shutdown of its Indonesian copper mine in Papua after a tunnel collapse that killed 28 people, a company executive said on Wednesday. Freeport closed the remote Papua mine on Wednesday last week, a day after ...
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Editorial Uphill tasks for Chatib
Paper Edition | Page: 6 M. Chatib Basri -- who was installed on Tuesday as the new finance minister to replace Agus Martowardojo, who is to head Bank Indonesia (Central Bank) -- had all along been the front-runner and most qualified candidate to lead the fiscal management all along.Chatib fulfills all the fundamental requirements to lead the fiscal management --he is not affiliated with any ...
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All 28 bodies recovered from Indonesian mine room
JAKARTA, Indonesia -; Rescuers have recovered all 28 bodies from a collapsed underground room inside the giant U.S.-owned gold and copper mine in Indonesia's province of ...
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UPDATE 1-Indonesias Bank Danamon shares tumble 5 pct after DBS approval
Tue May 21, 2013 11:48pm EDT (Adds analyst reaction, details) JAKARTA May 22 (Reuters) - Shares in Bank Danamon Indonesia Tbk PT dropped as much as 5 percent on Wednesday, pressed down by uncertainty over whether Singapore's DBS Group Holdings Ltd will be able to purchase a majority stake in the Indonesian lender. Indonesia's central bank said Singapore needed to open up its banking ...
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China too strong for Indonesia
Defending champion China trounced arch rival Indonesia 5-0 to top Group A of the Sudirman Cup in Kuala Lumpur yesterday, declaring it is ready to face anyone in tomorrow's ...
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Indonesian activists rail against rising cyber-homophobia
Indonesian activists say more work is needed to fight online discrimination against homosexuals and transgendered people. Kamilia Manaf, a representative of the Pelangi Perempuan Institute, which advocates lesbian rights, said that an increasing number of people were insulting members of the lesbian, gay, bisexual and transgendered (LGBT) community on the Internet. "There are people who ...
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Police to probe Labora’s superiors
Paper Edition | Page: 4 The National Police will question the direct superiors of Adj. First Insp. Labora Sitorus over their involvement in his suspicious 'businesses', a top official said. National Police chief of detectives Comr. Gen. Sutarman said on Tuesday that the force's Internal Affairs Division (Propam) was in Papua to interrogate and investigate. "Propam deals with ...
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Lawmakers biggest source of funding for parties Survey
Paper Edition | Page: 4 Antigraft watchdog Indonesian Corruption Watch (ICW) claims to have found in its survey that political parties finance their activities by illegally collecting funds through their politicians at the House of Representatives. Throughout 2012, ICW conducted research on the financial reports of nine political parties: the Democratic Party, Golkar Party, Democratic Party of ...
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Activists rail against increasing ‘cyber-homophobia’
Paper Edition | Page: 4 Activists say more work is needed to fight online discrimination against homosexuals and transgendered people.Kamilia Manaf, a representative of the Pelangi Perempuan Institute, which advocates lesbian rights, said that an increasing number of people were insulting members of the lesbian, gay, bisexual and transgendered (LGBT) community on the Internet."There are ...
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Indonesia - Market factors to watch on May 22
JAKARTA, May 22 (Reuters) - Following are some company-related and market news which could have an impact on the local market. ------------------- MARKET SNAPSHOT @ 0010 GMT -------------- INSTRUMENT LAST PCT CHG NET CHG S&P ...
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US aircraft released after being impounded
After being impounded for 17 hours, a US military aircraft was given clearance at 7:15 a.m. on Tuesday after it entered Indonesian airspace uninvited the day before."We have allowed them to continue their journey to Singapore [the aircraft's final destination] after we received security clearance from TNI headquarters as well as diplomatic clearance [from the Foreign Ministry]," ...
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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