Indonesian Political, Business & Finance News

Archive: 1 October 1998

51 articles found

Where to go in Surabaya, for Thursday, Oct. 1, 1998

Where to go in Surabaya, for Thursday, Oct. 1, 1998 Exhibitions * Photo Exhibition: Indonesia - Paradox Cultural, Herve Dangla, in CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 5678639), 9 a.m. to 8:30 p.m., until Oct. 13. Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Cosindos Band, Monday to Saturday, 9 p.m. to 1:30 a.m., X-Men Band, Sunday, 9 p.m. to 1:30 a.m.

City budget for 1998/1999 revised

City budget for 1998/1999 revised JAKARTA (JP): The city administration has upwardly revised its budget for the 1998/1999 fiscal year by 23 percent to Rp 1.6 trillion (US$145.45 million) as the result of a significant rise in revenue raised through hotel and entertainment taxes and land status upgrading fees, a city official announced on Wednesday.

Ghafar Baba's remarks

Ghafar Baba's remarks The remarks made in Jakarta on Sunday by Malaysia's former deputy prime minister, Tun Abdul Ghafar Baba -- criticizing what he regarded as a biased attitude in the Indonesian media regarding events in his country -- may be considered constructive criticism. But that is not to say that all of his comments are acceptable.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Sept. 30, 1998: TT rates Bank notes rates ------------------------------------------ Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Tanztheater to dance in Art Summit

Tanztheater to dance in Art Summit By Helly Minarti JAKARTA (JP): The one-month long Art Summit, is not only an opportunity for the public to indulge in the works of the best local talent, but also to see the work of international artists. One of these is the dance performance of Bremer Tanztheater from Germany. This dance troupe from Bremen, which has an Indonesian member, Ditta Miranda Jasfji, is led by Susanne Linke, 54.

ABRI can do no good

ABRI can do no good It is only logical that lately the Indonesian Armed Forces (ABRI) has become the center of political attention, combined with unfair criticism from several groups. ABRI is very active at this moment in trying to maintain law and order, which is now getting out of hand and sometimes needs harsh action. Even the President is aware of this situation and according to The Jakarta Post asked ABRI on Sept. 24 to act firmly.

Australia resumes cattle trade with RI

Australia resumes cattle trade with RI SYDNEY (Bloomberg): Australia has resumed its live cattle trade with Indonesia, stopped last year when the Indonesian currency collapsed during Asia's economic crisis. The first Australian shipment this year bound for a feedlot has landed in the country bringing 2,100 head of cattle. "It's just starting out in small way," said Sid Parker, principal of Southeast Asian Livestock Services, a cattle exporter.

Political moves key to economic cure

Political moves key to economic cure By Sofyan Wanandi This is the second of two articles based on a paper presented at the "Indonesia Update 1998" Conference in Melbourne from Sept. 25 to Sept 26, 1998. MELBOURNE: It is unfortunate that anti-Chinese issues, and in fact stronger anti-Chinese feelings, are being aired at a time when Indonesia is entering a new era, the era of reformation, an era of greater respect for human rights and democratic ideals.

Japan to give $30b in aid to SE Asia

Japan to give $30b in aid to SE Asia TOKYO (Agencies): Japan's Finance Minister Kiichi Miyazawa said Wednesday Tokyo would unveil a US$30 billion rescue package for Southeast Asia at Saturday's Group of Seven meeting in Washington. "During this upcoming G-7 meeting I would like to present what Japan can do for Asia," Miyazawa told reporters. "I think Japan's direct contribution to Southeast Asia is likely to be $30 billion," he said.

PT Puri 'owes' Pertamina US$40 million

PT Puri 'owes' Pertamina US$40 million JAKARTA (JP): State fertilizer maker PT Pupuk Sriwijaya (Pusri) is US$40 million in arrears for gas supplied by state oil and gas company Pertamina, Pertamina said on Wednesday. Pertamina director Soegianto said Pertamina had given Pusri until Oct. 5 to pay off its obligations, though he promised not to take strict action against the company if it failed to meet the deadline. "If Pusri can't pay by the deadline, no problem.

Where to go in Bali for Thursday, Oct. 1, 1998

Where to go in Bali for Thursday, Oct. 1, 1998 Exhibitions * Painting Exhibition: Cakrawala Seni, Museum Puri Lukisan - Yayasan Ratna Warta, Jl. Raya Ubud, Ubud (Phone: 0361 975136), 8 a.m. to 5 p.m., until Oct. 8. * Painting Exhibition: Manifold Changes, by Davina Stephens, in Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010), 12 p.m. to 8 p.m., until Oct. 28. * Painting Exhibition: Atmospheres by American artist Mark Rutkowski, at Blue Moon Gallery, Jl.

ASEAN will set up rice foundation

ASEAN will set up rice foundation JAKARTA (JP): Agriculture ministers of the Association of Southeast Asian Countries (ASEAN) agreed to establish a special foundation to boost rice production in the region during their recent annual meeting in Hanoi. Minister of Agriculture Soleh Solahuddin said on Wednesday that the foundation, to be named the ASEAN Rice Foundation, would seek funds from the private sector to finance research and development of rice production.

The rupiah recovery

The rupiah recovery The string of good news since early August seems to have ignited the beginning of the long-awaited recovery of the rupiah, pushing it into a range of between Rp 10,800 and Rp 11,000 against the American dollar for the past eight weeks. Still more encouraging was the fact that the market seemed to shrug off the series of isolated riots in several towns over the same period. The currency remained fairly stable in its newfound range, except briefly on Sept. 8 and Sept.

Students demand action on hunger

Students demand action on hunger SEMARANG, Central Java (JP): Some 250 students of the Semarang State Islamic Institute (IAIN) staged a protest at the local legislative council here on Wednesday to demand immediate action to overcome increasing malnutrition and starvation. Should prices continue to rise, their statement said, the country would inevitably face "a generation rife with poverty and stupidity".

Firm uses rice to line road

Firm uses rice to line road MATARAM, West Nusa Tenggara: Mining firm PT Newmont Nusa Tenggara (NNT) has acknowledged it used 70 tons of unhusked rice to line a road on its mining site in West Nusa Tenggara. In a written statement sent to Antara on Tuesday, the management responded to criticism of rice being used for roads amid the crisis. The statement said the unhusked rice was laid along the road in Batu Hijau, Sumbawa, with several types of grass.

Rupiah stable following U.S. interest rate cut

Rupiah stable following U.S. interest rate cut JAKARTA (JP): The rupiah remained stable against the U.S. dollar on Wednesday, closing at Rp 10,750 on the Jakarta spot market, buoyed up by a 0.25 percentage point cut in U.S. interest rates, currency dealers said. Most shares in the local market remained weak due to unfavorable regional conditions, but the main price index on the Jakarta Stock Exchange (JSX) edged up slightly after a late flurry of trading in several blue chip stocks.

Auction houses reap benefit of art collectors' woes

Auction houses reap benefit of art collectors' woes By Amir Sidharta JAKARTA (JP): The effects of the financial crisis are only now beginning to have an effect on the art market, as can be seen in the upcoming Sotheby's and Christie's auctions which will be held on Saturday Oct. 3 and Sunday Oct 4. About 150 of the 200 paintings offered by Sotheby's are linked to Indonesia, while Christie's is offering more than 180 paintings, of which about 120 are relevant to Indonesia.

Jakarta yuppies' lingo keeps them in an exclusive world

Jakarta yuppies' lingo keeps them in an exclusive world JAKARTA (JP): If you relax in a cafe or the other places frequented by yuppies, you might occasionally catch fragments of conversations in a strange language. It is quite dissimilar to foreign languages like English, French, German or Japanese, the languages we sometimes hear in the course of our daily lives in Indonesia. One example of this strange language is Ina pina kina binar?, which means Apa kabar? (How are you?).

Moslem group stages anticommunist rally

Moslem group stages anticommunist rally JAKARTA (JP): Thousands of Moslems gathered at the Istiqlal Grand Mosque on Wednesday to champion causes ranging from raising public awareness of communist threats to supporting President B.J. Habibie and his reform programs. The Indonesian Council of Ulemas organized the gathering, which also provided an occasion to launch the Moslem Forum of the Upholders of Justice and the Constitution (FURKON).

Conflicting statements

Conflicting statements It is still fresh in the mind of all when President Habibie in his state address on Aug. 17 said in front of a plenary session at the House of Representatives, attended also by foreign representatives and journalists, that "... the May riots were aggravated by sexual harassment against women of mostly ethnic Chinese descent ... all these irresponsible acts have streaked the face of our nation renowned for its high morals ...

Govt to recapitalize BCA, three other banks

Govt to recapitalize BCA, three other banks JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will convert the liquidity support provided by Bank Indonesia to Bank Central Asia (BCA) and three other banks nationalized in August into government equity in an effort to recapitalize the ailing institutions. IBRA chairman Glenn S.

Lifting the lid on truth of 1965 abortive coup attempt

Lifting the lid on truth of 1965 abortive coup attempt Pancasila Sanctity Day on Thursday commemorates the state's success in crushing the 1965 coup attempt by the now defunct Indonesian Communist Party (PKI). Hermawan Sulistiyo, a political researcher at the Indonesian Institute of Sciences, reflects on a day which changed the course of the nation's history but still holds lingering questions. Question: The government's version of the abortive coup 33 years ago is under renewed public scrutiny.

Jonathan hoping for Asiad bronze

Jonathan hoping for Asiad bronze JAKARTA (JP): Indonesia's top gymnast Jonathan Mangiring Sianturi has something to prove in his Asian Games debut in Bangkok in December, but is determined not to get carried away. Jonathan, the country's lone hope in the 13th Asiad gymnastics competition, said on Wednesday he had set a target of just taking a bronze medal in his favorite ring discipline. "My major ambition in the upcoming Asian Games is to win a bronze.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept.30, 1998: ------------------------------------------------------- Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 128,000 Alumindo Light Metal 325 75 1,931,000 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 125 0 0 Aneka Tambang 1,200 -25 3,746,000 Anwar Sierad 100 0 36,500 Apac Centertex Corp.

TV Program: Thursday, Oct. 1, 1998

TV Program: Thursday, Oct. 1, 1998 TVRI 8:00 a.m. Live Reports: Pancasila Sanctity Day 2:00 p.m.

Joint venture firm to start on major pipeline project

Joint venture firm to start on major pipeline project JAKARTA (JP): PT Thames Pam Jaya (TPJ), a British-Indonesian tap water management joint venture, is scheduled to embark on the installation of 100 kilometers of pipelines in the eastern part of Jakarta on Thursday, according to a company executive. Nani Sariati, TPJ's sales and marketing manager, said on Wednesday the pipeline project was aimed at replacing old pipes as part of the firm's water-quality improvement program.

Uton reappointed WHO regional chief

Uton reappointed WHO regional chief JAKARTA (JP): Indonesian Uton Mochtat Rafei was reelected Southeast Asia regional director of the World Health Organization (WHO) in New Delhi, India, last month. Uton was selected over competitors from Bhutan, Korea, Maldives, Myanmar, Nepal, Sri Lanka and Thailand in the WHO annual meeting on Sept. 7 to Sept. 12, said Broto Wasisto, an expert staff member of the Ministry of Health. He will serve his second period as regional director of WHO from Mar.

Pertamina, Caltex likely to operate CPP block jointly

Pertamina, Caltex likely to operate CPP block jointly JAKARTA (JP): State-owned oil and gas firm Pertamina and its largest oil contractor PT Caltex Pacific Indonesia may jointly develop the Coastal Plains Pekanbaru (CPP) oil block in Riau, after Caltex's contract on the block expires in 2001.

SE Asian currencies unmoved after rate cut comes up short

SE Asian currencies unmoved after rate cut comes up short SINGAPORE (Agencies): Southeast Asian currencies were down against the U.S. dollar in late trade Wednesday, compared with levels seen at the same time Tuesday, as the much-awaited cut in U.S. interest rates failed to meet market expectations. "We've seen a bit of a turnaround from the rally early in the week due to the smaller-than-expected rate cut," said one trader at a U.K. bank, referring to the U.S.

Losses from East Java earthquake reach Rp 3.5b

Losses from East Java earthquake reach Rp 3.5b JAKARTA (JP): Monday's earthquake in East Java caused estimated losses of at least Rp 3.5 billion (US$325,000), East Java Governor Imam Utomo said on Wednesday during a visit to part of the worst-hit area in the Malang regency. The earthquake measuring 6.4 on the Richter scale was also felt in Bali and West Nusa Tenggara. A second tremor occurred early on Tuesday. A 40-year-old woman died when hit by falling debris and hundreds were left homeless.

Firms seek U.S. govt help in dispute with CalEnergy

Firms seek U.S. govt help in dispute with CalEnergy JAKARTA (JP): A group of local contractors who have supplied materials and services to giant U.S. power company CalEnergy Company Inc's power projects in Indonesia, have asked the U.S. government to help them recover payments amounting to US$40 million from the company.

Cemex upbeat on Gresik deal

Cemex upbeat on Gresik deal MONTERREY, Mexico (Dow Jones): Mexico-based cement giant Cemex SA said Tuesday that its successful bid for Indonesia's PT Semen Gresik is a "key piece" of its global diversification strategy. Cemex also said in a press release that it is confident of the long-term economic prospects of both state-owned PT Semen Gresik and Indonesia.

Scholars warn of potential for money politics in poll

Scholars warn of potential for money politics in poll JAKARTA (JP): Participants in a conference on election monitoring urged Wednesday that no party should be allowed to abuse government facilities in campaigning and in other parts of the general elections slated for May 1999. "Minister/State Secretary Akbar Tanjung should step down from his job," political scholar Arbi Sanit said, because of the potential abuse of power in his capacity as chairman of the ruling party Golkar.

Muladi warns against subverting govt

Muladi warns against subverting govt JAKARTA (JP): Minister of Justice Muladi warned on Wednesday against attempting to secede or to topple the legitimate administration of President B.J. Habibie, saying such malicious intentions would be countered with heavy punishments.

Collection of illegal levies 'still rampant'

Collection of illegal levies 'still rampant' JAKARTA (JP): The collection of illegal levies and other wrongdoing are still rampant in several city agencies despite the reform era, Deputy Governor for Administrative Affairs Abdul Kahfi said on Wednesday. Kahfi said about 300 cases linked to illegal levy collection had been reported to a team set up four months ago to fight corruption, collusion and nepotism.

Wood-processing firms face log scarcity: Minister

Wood-processing firms face log scarcity: Minister JAKARTA (JP): Minister of Forestry and Plantations Muslimin Nasution predicted on Wednesday that the country's wood- processing industry was facing a log shortage of at least 25 million cubic meters annually over the next five years. The supply of logs over the next five years, he said, would be 31.36 million cubic meters per year -- far less than the 57 million cubic meters needed by the country's 1,812 wood- processing firms each year.

Ghalib rejects independent probe of Soeharto

Ghalib rejects independent probe of Soeharto JAKARTA (JP): Attorney General Andi Muhammad Ghalib, who heads a government probe into former president Soeharto's wealth, said on Wednesday an independent investigation team would be redundant. "We don't need an independent team. What I need is a team of experts to help me in carrying out (the job of the Attorney General office)," Ghalib told reporters at the Bina Graha presidential office before a Cabinet meeting on security and political affairs.

Bayer's vitamins for the needy

Bayer's vitamins for the needy JAKARTA (JP): Around 14,000 people from 153 social institutions, orphanages and nursing homes in the Greater Jakarta area received donations of medicine from PT Bayer Indonesia on Wednesday. The donations, which included one million sachets of Tonikum Bayer vitamins and Upixon anti-worm tablets, were intended to help those who received them to avoid malnutrition and disease.

Tangerang warns pig farmers

Tangerang warns pig farmers TANGERANG (JP): The Tangerang Regency Office warned all pig farm owners in the area to handle disposal of their animals' waste correctly to avoid upsetting nearby residents. Regency spokeswoman Ena Karlina said the authorities were powerless to prevent people running pig farms on their properties, despite never having issued permits authorizing the practice.

Denmark to field stars in Indonesia Open

Denmark to field stars in Indonesia Open JAKARTA (JP): Denmark will be at full strength in the US$120,000 Sanyo Indonesia Open badminton championships, still awaiting the bulk of foreign entries even though its deadline falls on Saturday.

Two more bankruptcy claims filed in court

Two more bankruptcy claims filed in court JAKARTA (JP): Publicly listed Bank Niaga and business partners Hussein and Johan Subekti are the latest parties to make use of the month-old Jakarta Commercial Court, already under intense scrutiny after several controversial decisions. Bank Niaga filed a claim on Sept. 23 against PT Bajamarga for the latter's failure to repay its letter of credit facility of Rp 170.3 billion, according to court official Tri Widodo.

Dewi says Soeharto knew of coup plot

Dewi says Soeharto knew of coup plot JAKARTA (JP): A widow of founding president Sukarno, Ratna Sari Dewi, alleged on Wednesday that Soeharto had been fully informed about the planned assassination of six top generals on the night of Sept. 30, 1965 as part of a coup plot to topple Sukarno. Dewi also contended that Soeharto, who resigned in May after 32 years in power, had not done anything to stop the conspiracy.

Sherratt revels in local aesthetic affluence

Sherratt revels in local aesthetic affluence By Pavan Kapoor JAKARTA (JP): Subconscious forces, fantasies, archetypal myths and surrealist symbols, all eventually crystallized by a compelling rainbow spectrum into a complex arrangement of forms and rhythms, is perhaps the best attempt at describing the work of surrealist artist Bruce Sherratt. The English artist is displaying his 58 paintings at the Duta Fine Arts Foundation in Kemang, South Jakarta, until Oct. 14.

Police has yet to issue permit for Megawati

Police has yet to issue permit for Megawati JAKARTA (JP): National Police chief Lt. Gen. Roesmanhadi said on Wednesday that the police have yet to issue a permit for a congress planned by the faction of the Indonesian Democratic Party (PDI) loyal to Megawati Soekarnoputri. "The congress, planned for Oct. 8 to Oct. 10, has still got a long way to go. We still have time.

Bank employees demand payment over dismissal

Bank employees demand payment over dismissal JAKARTA (JP): At least 100 former employees of suspended Bank Umum Nasional (BUN) staged a rally at the Jakarta Legal Aid Institute office on Wednesday, urging the Indonesian Bank Restructuring Agency (IBRA) to provide severance pay over their dismissal.

U.S. journal to publish Indonesian literature

U.S. journal to publish Indonesian literature JAKARTA (JP): An American literary journal has announced that it will devote its year 2000 summer issue to literature from Indonesia with John H. McGlynn, editor-in-chief of the Lontar Foundation of Jakarta, serving as the journal's guest editor. Manoa, which is published by the University of Hawaii Press, and its guest editor have chosen "Silent Voices, Muted Expressions" as the theme for the issue.

Local schools join in website contest

Local schools join in website contest JAKARTA (JP): Six teams from three privately run schools in the capital will pit their wits against their peers around the world in a five-month-long international website design contest beginning on Thursday. The organizer, telecommunications company AT&T, said all of the Indonesian teams are composed of students from secondary and high schools managed by the Penabur Christian Foundation Body.

ABRI's top brass regrets fatal clash

ABRI's top brass regrets fatal clash JAKARTA (JP): Senior Armed Forces (ABRI) officers regretted on Wednesday a fatal armed clash between members of the Army cavalry unit and the police's elite Mobile Brigade stationed in the West Kalimantan capital of Pontianak. Minister of Defense and Security/ABRI Chief Gen. Wiranto said the clash, which left four troops dead on Tuesday, would not have happened if each unit had set aside their pride after an exchange of gibes.

Hanoi urged to bring back exile

Hanoi urged to bring back exile HANOI (AFP): The World Association of Newspapers (WAN) said on Wednesday it had sent a letter to Vietnamese President Tran Duc Luong urging him to allow exiled journalist Doan Viet Hoat to return home. "Sending a critic into exile may silence the messenger but will not silence the message," WAN said in the letter to Luong, according to a press release from its Paris headquarters.

Govt tells Timor to repay waived import, luxury taxes

Govt tells Timor to repay waived import, luxury taxes JAKARTA (JP): PT Timor Putra Nasional has been ordered to repay the import duty and luxury tax exemption it received on all the 39,000 Timor cars it imported from South Korea since 1996. Minister of Industry and Trade Rahardi Ramelan said on Wednesday Timor was liable to pay the penalty because it had not followed the government's guidelines in exchange for the tax facilities it received.

Retired general lodges complaints against Amex

Retired general lodges complaints against Amex JAKARTA (JP): A former chief of the Armed Forces Intelligence Agency (BIA), Maj. Gen. (ret) Syamsir Siregar, has lodged a complaint of alleged defamation and improper treatment against his credit card provider American Express Bank in Singapore. City police spokesman Lt. Col. Edward Aritonang told reporters on Wednesday that Syamsir, 57, reported the case to the Jakarta Police on Sept.