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The Jakarta Globe

Wednesday, 25 Apr 2012
top news

Indonesian Plan to Cap Fuel Sales Put on Hold
A planned government cap on the sale of subsidized fuel for vehicles will not come into force in May as initially planned and the president is seeking input from several economic committees on the matter, a senior minister said on Tuesday.
Arientha Primanita & Ivan Dasa Saputra | 12:18 AM April 25, 2012
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A planned government cap on the sale of subsidized fuel will not come into force in May as initially planned, a senior minister said on Tuesday. (Antara Photo/Rosa Panggabean)



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Golkar Split on Survey for Indonesian Presidential Candidate
The Golkar Party's decision to rely on surveys in the selection of chairman Aburizal Bakrie as its 2014 presidential candidate is facing resistance, with some regional chapters threatening to call an extraordinary congress.
Ezra Sihite, Markus Junianto Sihaloho & Arientha Primanita | 11:57 PM April 24, 2012
Indonesian Sex Tape Will Go to Ethics Council as Lawmaker Says Likeness 'Hard to Deny'
The House of Representatives Ethics Council will investigate a sex tape allegedly involving two House lawmakers by calling on experts to confirm or refute the allegations.
Ezra Sihite | 11:51 PM April 24, 2012
In Today's Newspaper
Dem Leader Takes Heat for Big Financial Transactions
The Corruption Eradication Commission is being urged to follow up reports on suspicious financial transactions of more than Rp 1 trillion ($109 million) involving three lawmakers.

Indonesia Corruption Watch believe a crime may have been committed, given that a report on thousands of suspicious financial transactions involving public officials was never fully disclosed. Read about it in today's Jakarta Globe or subscribe to receive the paper every day.
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business

Positive Sentiment Spurs Strong Q1 Showing For Indonesian Mutual Funds
Growing interest by Indonesians seeking to increase their wealth and positive sentiment from two credit rating agencies that pushed the country's sovereign debt level to investment grade helped to put the mutual fund industry on a strong footing in the first quarter.
Ivan Dasa Saputra& Dion Bisara | 9:48 PM April 24, 2012
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There is more than $21 billion in assets under management in Indonesia's mutual fund industry, and that could rise by up to 15 percent this year as incomes increase and people seek out investments. (Bloomberg Photo)



Investor Education Progra
Bakrie & Bros. Need To Raise $100m For Loan Collateral
Bakrie & Brothers, the Indonesian family palm oil-to-property empire founded in 1942, needs to raise about $100 million in cash by the end of this week as loan collateral, a person familiar with the matter said.
Wendy Mock & Jesse Riseborough | 9:55 PM April 24, 2012
Pirelli, Astra to Build $120m Tire Factory in Indonesia
Italian company Pirelli is setting up a joint venture with the automotive component-maker subsidiary of Astra International to build a motorcycle tire factory in Indonesia, the companies announced on Tuesday.
Dion Bisara | 9:59 PM April 24, 2012
Wealth Gap Grows Quickly in Indonesia's Bank Accounts
Rich Indonesians are becoming wealthier much faster than the nation's lower classes, according to a look at bank accounts.
| 9:53 PM April 24, 2012
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sports

Budget Worries Hang Over Indonesian Fencer's Olympic Bid
Diah Permatasari has delivered some welcome news to an Indonesian Olympic team more worried these days with finding the funds to send athletes to London.
Ami Afriatni | 10:02 PM April 24, 2012
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Fencer Diah Permatasari qualified for the Olympics on Saturday after finishing third at an event in Japan. won the 2011 Southeast Asian Games women's sabre silver medal after losing to Vietnam's Nguyen Thi Le Dung in the final in Depok on Nov. 13, 2011. (Antara Photo)



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With La Liga Title All but Assured, Real Madrid Turns to Bayern Munich
Madrid. Real Madrid looks like it has been crowned the king of Spain but it needs to overturn a 2-1 Champions League semifinal first-leg deficit against Bayern Munich today to continue dreaming of European glory.
Mark Elkington | 10:06 PM April 24, 2012
Door Nearly Shut for Indonesian Shuttlers Seeking to Qualify for Olympics
With the India Open Super Series, the last qualifying tournament for the Olympic badminton competition, opening today, Indonesia's head coach admits it will be an uphill battle to secure more places at the London Games.
Sandy Pramuji | 9:43 PM April 24, 2012
Europe Lawmakers Slam FIFA President on Bribe Case
Bern, Switzerland. FIFA president Sepp Blatter was criticized by a European lawmakers' advisory group on Monday for his handling of a kickbacks scandal involving million-dollar payments from World Cup marketing deals to two FIFA officials.
Graham Dunbar | 9:07 PM April 24, 2012
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life & times

Indonesian Comics Start to Draw a Local Audience
Although foreign comic strips such as Garfield and Calvin and Hobbes enjoy a large following in Indonesia, the same cannot be said of local comics.
| 7:55 PM April 24, 2012
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Made Dimas Wirawan, lower left, and Ramdhany 'Danis' Dwi Nugroho, lower right, are two of the four creators of Budi and Badu, a comic strip inspired by current events and Indonesian culture. (JG Photo/Lisa Siregar)



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Avenging a Friend and a Genre Sevenfold
Heavy metal band Avenged Sevenfold knows a thing or two about obstacles, loss and overcoming challenges.
| 8:04 PM April 24, 2012
World-Class Music Acts Are Turning to the East
When Lady Gaga launches her hotly anticipated "Born This Way Ball" world tour on Friday on what is expected to be an elaborate castle-like stage, fans in Asia will be the first to see it.
| 7:59 PM April 24, 2012
Australia's Best Wining And Dining, in Jakarta
Margaret River is a destination blessed with scenic mountains, good waves, warmhearted people and fertile land. Only a few hours from Perth, the capital of Western Australia, the lush green valley boasts some of the nation's best produce, from black truffles and olive oil to fine wines.
Sylviana Hamdani | 7:41 PM April 24, 2012
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