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Indonesia stampede leaves 21 dead
During the pious month of Ramadan Poor Muslims are given donations under a system known as Zakat. Under this system wealthy muslims give a portion of their money to the poor every year.But this year the event turned into a stampede and the crush happened as people waited for...Zambian President Levy Mwanawasa Dies Aged 59
Zambian President Levy Mwanawasa died at the age of 59 today two months after suffering a stroke.Mwanawasa became president in 2001, after which he fought corruption and became an outspoken critic of Zimbabwe's...Graft trial starts for ex-BI boss
Good governance need to be improve in Indonesia. I must admit for Corruption Eradication Commission team who had done a remarkable job. Well done!!" Former Bank Indonesia governor Burhanuddin Abdullah stood trial...Rupiah strengthens to Rp9,295/9,300 on Wednesday afternoon
""We are optimistic that the rupiah will continue to strenthen to approach the rate of Rp9,250 against the US dollar," he said.Sinaga said BI`s target to lower the rupiah`s rate to below Rp9,300 against the US dollar was met. "We want to see how long the rupiah can stay below...Indonesia will not issue more bonds in 2007
"Indonesia's finance ministry will not issue any more treasury bonds this year after meeting the 2007 budget target of raising 58.5 trillion rupiah ($6.30 billion) through bond issues, a senior official said on Wednesday.Bhimantara Widyajala, debt director at the finance...Indonesian telecoms stocks fall on anti-monopoly ruling
"Shares of the largest telecommunication firm, PT Telekomunikasi Indonesia Tbk (Telkom) opened down 3.35 percent at 10,100 rupiah at the start of trading. Telkom owns 65 percent of Indonesia's biggest mobile phone operator Telkomsel. PT Indosat Tbk, Indonesia's second-largest...Indonesia central bank intervened on Friday - deputy governor
Jakarta (ANTARA News) - Indonesia's central bank intervened on Friday to prop up the rupiah currency and is prepared to take more action if necessary, deputy governor Hartadi Sarwono told Reuters on Monday. Sarwono also repeated that falls in the rupiah, Asia's worst...Former Bulog chief collapses during court hearing
"The corrupt act he was accused of having committed in the importation of Australian cows for meat cosumption during the post-fasting festivities, Christmas and New Year 2001 had caused a loss of Rp11 billion to...Tommy Suharto to countersue over land scam allegation
"But Tommy escaped and the case was overturned. He was eventually caught and jailed for ordering the murder of the judge who had convicted him. Tommy was freed last year after serving just a third of his 15-year...Parliament approves amended state budget 2007
Jakarta (ANTARA News) - The House of Representatives (DPR) in a plenary session at the Parliament building here on Tuesday approved the Amended State Budget (APBN-P) 2007 with a number of new assumptions. At the...Lawsuit to be filed against ex-Indonesia dictator Suharto`s son
Jakarta (ANTARA News) - Indonesian state prosecutors are to file a civil lawsuit against the youngest son of ex-dictator Suharto to recover money linked to a land exchange scheme in the 1990s, an official said...Indonesia`s Mobile-8 sells $100 mln bonds to finance 2008 capex, debt
Jakarta (ANTARA News) - Indonesia's fourth largest mobile telephone operator PT Mobile-8 Telecom said Tuesday its unit Mobile-8 Finance BV has sold bonds worth 100 million US dollars. Mobile-8 president Hidadjat Tjandradadja told Thomson Financial that Mobile-8 will...
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