Indonesian Political, Business & Finance News

Archive: 27 December 1997

55 articles found

Disrespect for the rupiah

Disrespect for the rupiah From Kompas In the 1960s, the government issued a policy prohibiting transactions in foreign currency on Indonesian territory. It was necessitated by the fact that in Tanjungpinang, Tanjung Balai Karimun and towns in the Riau islands people preferred the use of the dollar and the Malaysian ringgit in markets and elsewhere. I have observed that the current use of foreign currency, especially the U.S. dollar has become a culture.

No escape from Hollywood for local moviegoers

No escape from Hollywood for local moviegoers By Bruce Emond JAKARTA (JP): Any discussion of the "local film scene" is a nebulous contradiction in terms, considering that the Indonesian movie industry has been on its last legs for most of this decade. There were brief signs of life this year as the much-touted Fatahillah, a biopic about the Islamic founder of Jakarta, gained a spot in the city's plush movie theaters.

Freeport gets expansion approval

Freeport gets expansion approval JAKARTA: P.T. Freeport Indonesia has received approval from State Minister of Environment Sarwono Kusumaatmadja of the regional Environmental Impact Analysis it conducted. The approval will enable the company to expand its milling rate up to a maximum of 300,000 tons of ore per day.

Sutiyoso orders officials to limit trips, cut spending

Sutiyoso orders officials to limit trips, cut spending JAKARTA (JP): Following President Soeharto's order that the government tighten its belt, Governor Sutiyoso announced yesterday that his office would also limit official trips in a bid to cut spending. Sutiyoso said the restriction would include local and overseas trips. Officials would only be sent on very important business and without their spouses or other family members.

City aims to curb dengue fever cases

City aims to curb dengue fever cases JAKARTA (JP): East Jakarta is considered the area most prone to outbreaks of dengue fever in the city, according to an official. Rasjid Piarah, head of the city's school health campaigns, said about 30 percent of the 7,800 dengue fever cases recorded in the city this year occurred in East Jakarta.

BI intervenes to prop up rupiah amid calm market

BI intervenes to prop up rupiah amid calm market SINGAPORE (AFP): Indonesia's central bank intervened yesterday to prop up the ailing rupiah amid an uneasy post-Christmas calm in Asian currency markets following the South Korean won's sharp rebound, dealers said. Most troubled regional currencies ended slightly higher against the U.S. dollar as the won shot up on news of an emergency global cash infusion to salvage the South Korea economy. The won rocketed to 1,400 against the U.S.

Vatican greets Ramadhan in Indonesian

Vatican greets Ramadhan in Indonesian JAKARTA (JP): The Vatican used Indonesian for the first time in its message to Moslems across the world as they prepare for the start of the Ramadhan fasting month next week. Antara quoted Indonesian Ambassador to the Holy See Irawan Abidin as saying in Rome Thursday that this was unusual. The annual message was usually conveyed in English, Arabic, French or Italian.

Salor leads selection for European tour team

Salor leads selection for European tour team JAKARTA (JP): International Master Salor Sitanggang has taken the lead in the selection tournament for the Bali Jeff Indonesia team for its European tour starting next month. Salor's score is 2.5 Victory Points following his victory against Ruby Tamono in the third round of the competition Wednesday. Salor defeated Ruby on the 75th move after the Peti opening.

Cellular phone growth to slow down

Cellular phone growth to slow down By I. Christianto JAKARTA (JP): The currency crisis, which has seen the value of the rupiah drop almost 60 percent against the U.S. dollar since July, will affect the growth of the mobile phone industry in Indonesia. The rupiah's sharp depreciation will not only limit new subscribers but also make cellular expansion more expensive. Cellular service providers, like most other companies, are facing difficulties in paying back their offshore loans.

Indonesia may lose its title as no. 1 robusta producer

Indonesia may lose its title as no. 1 robusta producer By Sylvia Gratia M.N. JAKARTA (JP): Indonesia may lose its crown as the world's biggest robusta producer to Vietnam due to the prolonged dry season caused by the El Nio weather phenomenon. Vice chairman of the Association of Indonesian Coffee Exporters (AICE) Mustafa Sulaiman told The Jakarta Post that Indonesia's coffee production was expected to drop sharply by 35 percent to about 300,000 tons from Oct. 1, 1997 to Sept.

Forest squatters to be resettled

Forest squatters to be resettled PALU, C. Sulawesi: Some 24,000 families of forest squatters, comprising 40,000 people, will be moved from the Lore-Lindu National Park and resettled to other parts of Central Sulawesi province in fiscal year 1998/1999, Antara reported yesterday.

Gauging RI's own native title

Gauging RI's own native title By Dewi Anggraeni MELBOURNE, Australia (JP): Many Australians, it seems, find it hard to accept the concept of sharing a land with other people, if the difficulty with recognizing Aboriginal native title rights can be used as an indicator. How do other countries fare with the issue of coexistence? Or at home, how does Indonesia handle the issue? "Native title is not a new concept in Indonesia," said Judge Maruarar Siahaan of the West Java High Court in Bandung.

Australian indigenous law on land and sea

Australian indigenous law on land and sea MELBOURNE (JP): Like adat (traditional) communities in Indonesia, the Australian aboriginal and Torres Strait Islander people have developed their own legal system. This indigenous law operates among the people across the mainland and Torres Strait Islands. There are degrees of variation of this law in individual communities. Indigenous law provides all members of a community with rules of behavior to assist smooth functioning of the community.

Enterpreneurs told to honor debts

Enterpreneurs told to honor debts JAKARTA (JP): A cabinet minister called yesterday for the country's private entrepreneurs to honor their domestic and international debts and service them on time despite their financial hardships. Minister of Transmigration Siswono Yudohusodo warned that any attempt to avoid responsibility would tarnish the country's image in international financial markets. "Do not expect the government to be responsible for their (private sector) debts.

For whom the bell tolls

For whom the bell tolls The government will soon begin labor-intensive projects to employ several thousand unskilled workers needing to earn an income during the Christmas, New Year and Ramadhan season. President Soeharto called for the state-funded labor program because, in his words, blue-collar workers are suffering from the severe economic turmoil as many private-industry projects, especially in the construction sector, have been rescheduled or terminated due to cash-flow problems.

KNPI's East Java chapter faces disintegration

KNPI's East Java chapter faces disintegration SURABAYA (JP): The East Java chapter of the Indonesian National Youth Committee (KNPI), a politically well-connected umbrella organization of various youth groups -- is facing disintegration after one member abandoned it while seven others have threatened to do the same.

RI's 'Mir' cosmonaut plan idle

RI's 'Mir' cosmonaut plan idle MOSCOW (Agencies): Indonesia, which two months ago began negotiations with the Russian space agency RKA to put a cosmonaut on the Russian orbital space station Mir, has abandoned the project, Itar-Tass news agency reported yesterday. The Indonesian government gave no reason for its change of plan, according to an RKA official, but the Russian space agency assumed that financial problems were the cause.

TV Today: Saturday, Dec. 27, l997

TV Today: Saturday, Dec. 27, l997 TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: The Crystal Maze 3:10 Teenager's Program: Jenjang Vokal 3:35 Tour and Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:30 TV Series: Full House 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Live Reports: Peringatan Natal KORPRI 1997 9:00 World News 9:30 Music: Sepekan Musik 10:30 Late News 10:40 Traditional...

Stock market, rupiah looking better: Mar'ie

Stock market, rupiah looking better: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad predicted yesterday that Indonesia's stock prices would rebound and the rupiah would continue to strengthen next year. Speaking after announcing new local stock market rules, Mar'ie said the crisis sweeping across the region had made overdose corrections to most stock markets in the region, including Indonesia's.

Four meet records broken at interclub swim c'ships

Four meet records broken at interclub swim c'ships YOGYAKARTA (JP): Four meet records were broken at the national inter-club swimming (KRAPNAS) championships here yesterday. Armand Panji of Lampung's Jaka Utama Club was the first swimmer to break the KRAPNAS record in the men's senior 400 meters freestyle. He recorded a time of 4 minutes and 15.60 seconds and broke his own record of 4:15.98. This record is, however, far below the national record of 4:02.04 set by Albert C. Sutanto.

Govt issues 15 new stock market rulings

Govt issues 15 new stock market rulings JAKARTA (JP): Minister of Finance Mar'ie Muhammad announced yesterday the formation of a stock market custodian and settlement company to facilitate scripless stock trading on the Jakarta Stock Exchange (JSX), expected to start early March. Mar'ie also announced 15 rulings related to the capital market, including those on new products, asset-backed securities and the Indonesian Depository Receipt (IDR).

Cartels smuggle Malaysian food

Cartels smuggle Malaysian food KUALA LUMPUR (DPA): Several syndicates are involved in smuggling food products from Malaysia, where prices are controlled to protect domestic consumers, an official said yesterday. Domestic Trade and Consumer Affairs Minister Megat Junid Megat Ayob said the government has identified several syndicates in the state of Malacca which have allegedly smuggled essential items such as cooking oil, flour and sugar into Thailand, Singapore and Indonesia.

Malaysian oil plant blast injures 12 people

Malaysian oil plant blast injures 12 people KUALA LUMPUR (AFP): Twelve people, including four employees, were injured when a gas plant belonging to oil giant Shell exploded in the town of Bintulu late Thursday night, a company official said yesterday. "Ten people have been discharged but two are still in hospital for observation," Masari Allision, Shell's local human resources senior manager, told AFP. He said the two had cuts but no burns.

Houses and buildings destroyed in blaze

Houses and buildings destroyed in blaze JAKARTA (JP): A large blaze gutted a two-story abandoned restaurant, a four-story office block and two houses on Jl. H. Juanda in Central Jakarta yesterday afternoon. No fatalities were reported but material losses were estimated to be hundreds of billions of rupiah. A short circuit was believed to have sparked the fire which started at 2 p.m. in the kitchen of the La Fonda restaurant, Freddy Alling, head of the Central Jakarta Fire Department, said.

Government denies reports on offshore debts

Government denies reports on offshore debts JAKARTA (JP): The government denied press reports yesterday that Indonesia's offshore debt could total US$200 billion, saying the amount was exaggerated. Bank Indonesia said in a statement that the country's offshore debt stood at $118 billion last September, consisting of $52.4 billion in government debt and $65.6 billion in private-sector debt.

Police question another BI director

Police question another BI director JAKARTA (JP): A former Bank Indonesia director, Hendrobudiyanto, cut short medical treatment in Japan to attended Jakarta Police Headquarters last night and answer a summons regarding his alleged role in a bank scam. Hendrobudiyanto's lawyer Amir Syamsuddin told The Jakarta Post that his client, who should have spent an additional three days in Tokyo, returned early as an act of goodwill.

Search for talent and expression in local theater

Search for talent and expression in local theater By Rita A. Widiadana JAKARTA (JP): Dark clouds shadowed Indonesian theater in the past month when the authorities banned performances of Ratna Sarumpaet's monolog, Marsinah Menggugat (Marsinah Accuses), in several cities in Java and Sumatra. Their reason was the fear it could foment public unrest.

SEA Games victory brings smiles but frowns remain

SEA Games victory brings smiles but frowns remain Higher, faster and stronger. The Jakarta Post's sports desk, Robert Soelistyo, Primastuti Handayani and Lukman Natanegara, assesses Indonesia's sporting year and pick out some of the most prominent winners and losers. JAKARTA (JP): If regaining its overall title at the SEA Games in October was the target touted to justify sports development in Indonesia this year then we can wear big smiles in recognition of the fact that it was achieved.

Equal opportunity sought for all in election of VP

Equal opportunity sought for all in election of VP JAKARTA (JP): A cabinet minister called on the nation yesterday to carefully select the country's best son or daughter, regardless of their background, to accompany President Soeharto in leading Indonesia toward the third millennium. Minister of Transmigration Siswono Yudohusodo said an equal opportunity should be given to all potential candidates for the vice presidential post, whether they come from civil or military circles.

Political trials 'have been used to curb dissent'

Political trials 'have been used to curb dissent' JAKARTA (JP): Political trials have become a legal ploy exploited by the government to curb dissent, rights activists said here yesterday. "Political trials are an irrefutable phenomenon of how the government treats dissenting parties," the Indonesian Legal Aid and Human Rights Association's (PBHI) executive director Hendardi told journalists.

Police crackdown on phonecards

Police crackdown on phonecards YOGYAKARTA: Yogyakarta police have launched a special assignment this month for its 350 police officers: monitor the use of illegally refilled phonecards. Yogyakarta Police Chief Col. Bani Siswono told The Jakarta Post that the assignment is conducted in cooperation with the local branch of the state-owned telecommunications company PT Telkom.

RI success in Islamic Women's Games hailed

RI success in Islamic Women's Games hailed JAKARTA (JP): Indonesia's success in the second Islamic Women's Games in Tehran should motive athletes to perform better at the 13th Asian Games in Bangkok next December. Wismoyo Arismunandar, the National Sports Council chairman, said yesterday when meeting the returning athletes that Indonesia did not win its 22 golds and 17 silvers easily. "Iran and Kazakhstan are known to be strong countries in shooting.

Bengkalis school buildings rotting

Bengkalis school buildings rotting PEKANBARU, Riau: At least 500 elementary school buildings, out of 877 in the Bengkalis district, are deemed to be in an inadequate condition to conduct classes, a local education official said. "There are 877 state-owned and private elementary school buildings in the region. Some 500 of them are dilapidated," M. Hanafiah said here yesterday.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: by Sosrodoro at Jimbani Cafe Gallery, Jl. Kemang Raya 85, South Jakarta,10 a.m. tp 10 p.m., until Dec. 28. * Photo Exhibition: Kilas Balik 97, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta, daily except Monday, 11:30 a.m. to 7:30 p.m., until Jan. 14. * Painting Exhibition: Impressions of Indonesia by Hetty Ansing at Nusantara Gallery, Jl.

Women commit suicide at X-mas

Women commit suicide at X-mas JAKARTA (JP): Two women were found dead after they apparently committed suicide in two separate incidents on Christmas Day. One of the victims, Suherni, 21, of Jl. Semeru Raya in Grogol, West Jakarta was found dead with an empty glass and a can of insecticide beside her. She was found at her boyfriend's aunt's house in Kampung Gedong, Pasar Rebo in East Jakarta about 12:30 p.m. Her body was sent to Cipto Mangunkusumo General Hospital for a postmortem examination.

Swiss pedophile 'molested' Lombok boys

Swiss pedophile 'molested' Lombok boys JAKARTA (JP): Indonesian police confirmed yesterday the alleged sexual offenses committed by a Swiss national against local young boys in the last couple of years. The deputy head of the National Central Bureau of ICPO- Interpol, Col. Wayan Ardjana, said yesterday the suspect who was recently detained in his hometown by Swiss police for pedophilia was identified as Phillip Panchaud.

Plane makes emergency landing

Plane makes emergency landing DHAKA (AFP): A plane was forced to make an emergency landing at an airport in Bangladesh's southeastern city of Chittagong without contact with the control tower, airport officials said yesterday. Airport manager Mashrekul Anwar said a Russian-made AN-24 plane operated by the private Aero Bengal Airlines took off from the port city for Dhaka Wednesday night with 11 passengers. But thick fog prevented it landing at Dhaka and it was forced to return to Chittagong.

Top Thai bank closes Hanoi, Yangon branches

Top Thai bank closes Hanoi, Yangon branches BANGKOK (AFP): Thailand's second largest commercial bank is to shut representative offices in Vietnam and Myanmar next week to cut costs as the institution is battered by the regional slump, reports said yesterday. Thai Farmers' Bank will close the offices in Hanoi and Yangon as "the number of Thais wanting to do business in both nations has dropped because of the economic crisis," it reportedly said.

Critical Thai army general quits

Critical Thai army general quits BANGKOK (AFP): A Thai army general has quit the military after becoming embroiled in a public furor over his criticism of the premier's dual appointment as defense minister, a report said yesterday. Lt. Gen. Rerkdi Chart-utis could however face disciplinary action from the military after writing a letter criticizing Chuan Leekpai's appointment as defense chief to a Thai newspaper, the Bangkok Post said.

Catholic church put faith in local architecture in bali

Catholic church put faith in local architecture in bali By Putu Wirata DENPASAR (JP): The peal of bells atop the Church of the Sacred Heart of Jesus resonates through houses in the predominantly Catholic village of Palasari. The church marries Gothic and Balinese architectural designs, and serves as a memorial to the transmigrants from the Badung regency who cleared and inhabited the Pangkung Sente forest -- now Palasari -- in 1940.

Thai agricultural 'relics' are back in fashion again

Thai agricultural 'relics' are back in fashion again Losing their jobs in the cities, workers are expected to return to the countryside to revive their ties with the farms. Satya Sivaraman of Inter Press Service reports. BANGKOK: With the collapse of its city based, yuppie economy in the wake of a runaway currency crisis, Thailand's long neglected farmers are back in fashion once again. During the country's boom years, farmers were often called 'relics from the past' by urban commentators.

A 'we can' attitude

A 'we can' attitude Ever since I came to Indonesia, I have seen a tremendous amount of optimism and growth in almost all sectors of the economy, whether in infrastructure projects or in private sector projects. It seemed that an industrialist could do and build almost anything he or she wanted. The moral support extended by the government to industry has been very strong compared to other governments throughout the world.

RI ponders prayer to end crisis

RI ponders prayer to end crisis JAKARTA (JP): Indonesian officials are pondering a new approach to deal with the monetary crisis: prayer. Minister of Religious Affairs Tarmizi Taher said he would consult with President Soeharto on a proposal to hold a national prayer to ask for divine intervention in helping the country out of its current monetary woes.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec.

Eight rob bank in Bogor

Eight rob bank in Bogor BOGOR (JP): Eight men broke into a branch office of state Bank Rakyat Indonesia (BRI) on Jl. Pasir Muncang Km 18, in Cijeruk early yesterday morning, startling four security guards and making off with a safe. Eman Sulaeman, one of the security guards, said the robbers -- armed with a crowbar and machetes -- broke into the office at 2 a.m. "We were sitting in the security post in front of the office when the crooks suddenly broke the front door," Eman recalled.

City Councilors push for minimum wage rise of 13%

City Councilors push for minimum wage rise of 13% JAKARTA (JP): City councilors have urged the municipality to push ahead with plans to increase the local minimum wage by 13 percent despite the nation's monetary woes. Councilors Tadjus Sobirin and Djonharro from the ruling Golkar faction said Wednesday that realizing the plan could help casual workers deal with rising costs.

Fire razes houses near zoo

Fire razes houses near zoo BANDUNG, West Java: A fire gutted at least 26 houses and more than a dozen cars and motorcycles on Jl. Kebon Binatang yesterday morning. The fire is believed to have started from coal sparks at the nearby sate food stall, adjacent to the zoo. The zoo reportedly escaped damage. Antara quoted several witnesses as saying that Agus Iwan at the time was repairing his motorcycle close to the sate food stall.

PBSI may hire Paulus as physical trainer

PBSI may hire Paulus as physical trainer JAKARTA (JP): The Badminton Association of Indonesia is considering contracting Paulus Passurney as its physical trainer as part of its preparation for the Thomas and Uber Cups championships in Hong Kong in May. "I think coaches and shuttlers need more physical conditioning in our efforts to retain both the Thomas and Uber Cups," said the newly installed Badminton Training Center director, Christian Hadinata.

Shell shuts Malaysian plant

Shell shuts Malaysian plant KUALA LUMPUR (Reuters): A Malaysian unit of Royal Dutch Shell said yesterday it had shut down a plant on Borneo island after an explosion injured 12 people and set tanks on fire. The explosion occurred at about 10:50 p.m. (1450 GMT) on Thursday at Shell MDS Malaysia Sdn Bhd's 400,000-ton middle distillate synthesis plant in Bintulu town in Sarawak state.

Billions for Manokwari housing

Billions for Manokwari housing MANOKWARI, Irian Jaya: The government will allocate Rp 2.1 billion (US$381,820) in the next two fiscal years to help reconstruct houses of victims of the 1995 earthquake and tidal waves in Manokwari district. The funds have been earmarked to help build 466 houses, Manokwari district chief Mulyono said here Wednesday.

Egg farmers feel the crunch of the crisis

Egg farmers feel the crunch of the crisis YOGYAKARTA (JP): Local egg farmers are the latest to be hit by the monetary crisis and many of them are now on the brink of bankruptcy, according to a businessman. H. Ruyono Sumowidigdo, the chairman of Yogyakarta's Center for Marketing Information of Poultry Products, said recently the situation was aggravated by the long dry spell. The supply of poultry fodder had not only grown scarce, but the price had also skyrocketed, he said.

Violence against women increases

Violence against women increases JAKARTA (JP): The number of reported cases of violence against women, including rape and marital rape, increased by 125 percent this year as the response of lawmakers and enforcers remained inadequate, women's activists said. The Indonesian Women's Association for Justice (APIK) said in an end of year evaluation issued yesterday that over the past year it handled 227 legal cases concerning women, a significant increase from 111 cases in 1996.

PLN signs power-purchase deal for Tanjung Jati C

PLN signs power-purchase deal for Tanjung Jati C JAKARTA (JP): State-owned electricity company PLN signed a power-purchase agreement (PPA) with PT Consolidated Electric Power Asia (CEPA) Indonesia yesterday for the controversial Tanjung Jati C power project worth US$1.62 billion. The agreement was signed by PLN president Djiteng Marsudi and CEPA president Gordon YS Wu, a Hong Kong businessman, in a ceremony presided over by Minister of Mines and Energy I.B. Sudjana.

RP Communists to boycott polls

RP Communists to boycott polls MANILA (AFP): Philippine Communist guerrillas will boycott next year's elections but are open to "cooperation" with parties helping to determine President Fidel Ramos' successor, a rebel leader said yesterday. "The revolutionary government has its own government and the upcoming polls are the political exercise of the other government," Communist Party of the Philippines founder Jose Maria Sison said over radio station DZRH.

Jakarta, W. Java sign deal on development

Jakarta, W. Java sign deal on development JAKARTA (JP): Governor Sutiyoso and his West Java counterpart R. Nuriana signed five joint draft agreements yesterday in connection with projects overseen by the Jabotabek (Jakarta-Bogor-Tangerang-Bekasi) Development Cooperation Agency (BKSP). The drafts are designed to facilitate the introduction of an integral land use plan between the two neighboring provinces.