The trials have started for four members of Commission IX of the House of Representatives from the 1999-2004 period. They are suspected of having received traveler's cheques during the election of the 2004 Bank Indonesia (BI) senior deputy governor. The Corruption Eradication Commission (KPK) has charged Nunun Nurbaetie as the one handing out the cheques. Tracing the fund disbursement, as accused by the KPK, the Indonesian International Bank (BII) traveler's cheques were handed out from Nunun t... [Read Post]
19 Mar 2010, 15:01 |
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The Jakarta administration is planning to convert the Marunda area in North Jakarta into a special economic zone (SEZ) to serve logistics purposes, according to The Jakarta Post. "We will call it the `Ali Sadikin Logistics Center'," Jakarta Governor Fauzi Bowo said. Fauzi said the new SEZ would be...
19 Mar 2010 14:48
US President Barack Obama has postponed his trip to Australia and Indonesia until a later date as he attempts to push his health care reform Bill through Congress. "We greatly regret the delay of the trip," White House spokesman Robert Gibbs said, but he added the "passage of health insurance refor...
19 Mar 2010 06:59
Indonesian palm oil giant Sinar Mas rejected claims of environmental vandalism on March 18 after Nestle, the world's biggest food company, dropped it as a supplier following protests by Greenpeace. It was the second embarrassing blow to Sinar Mas in three months after Unilever severed ties with it i...
18 Mar 2010 21:48
A politician from the United Development Party (PPP) was tried at the Corruption Court in Jakarta on Thursday on charges of receiving bribes linked to the election of Miranda S. Goeltom as Bank Indonesia (BI) senior deputy governor during his tenure as a member of the House of Representatives in 200...
18 Mar 2010 15:41
Investors should sell Indonesia’s 10-year government bonds to guard against a possible pickup in inflation, according to PT Mandiri Sekuritas, a unit of the nation’s largest lender. The yield on the 11 percent note due November 2020 was 9.22 percent at yesterday’s close, according to the Inter...
18 Mar 2010 09:19
