Indonesian Political, Business & Finance News

Archive: 10 October 1998

53 articles found

Speedy settlement needed on land row

Speedy settlement needed on land row JAKARTA (JP): Residents of Pondok Pinang subdistrict in South Jakarta urged city councilors on Thursday to help speed up the settlement of their dispute with PT Metropolitan Kencana over the possession of social facilities.

One-year debt repayment plan 'unrealistic'

One-year debt repayment plan 'unrealistic' JAKARTA (JP): The Indonesian Society of Appraisers (MAPPI) said on Friday that forcing the owners and former owners of troubled banks to repay their government debts within one year was unrealistic. MAPPI chairman Karsono Suryowibowo suggested that a realistic requirement would be a combination of a cash and asset-for-loan payment method since the property market was now reeling from the economic crisis.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Gerak dan Warna, at Sari Pan Pacific Hotel Jl. M.H. Thamrin, Central Jakarta (Phone: 323707), until Oct. 23. * Painting Exhibition: Lukisan Dalam Gejolak Reformasi, by Irawan Karseno, Yoes Rizal, etc., in Bebek Bali Resto-Cafe- Gallery, Jl. Gerbang Pemuda, Taman Ria Senayan, 11 a.m. to 1 a.m., Oct. 10-25. * Painting Sketches Exhibition: Ragamu Ragaku by Lita Darmawan, Maud van der Lely, Seemun Leong, at Galeri Teguh, Jl.

Sundanese music joins with Japanese songs

Sundanese music joins with Japanese songs By Kafil Yamin BANDUNG (JP): Music is not merely a composition of contrived sounds. It is also motion. Music is more than just an artwork composition of colors, it brings with it lovely tunes. To Dedi Sundara, a Sundanese choreographer, the motion of melodies is so obvious that he is able to embody flowing music into a dance. Some years ago, a Japanese artist produced a musical piece while staring at paintings on a gallery's walls.

RI growth to resume in 2000

RI growth to resume in 2000 WASHINGTON (JP): Top Indonesian economic officials have expressed optimism that economic growth will resume in the country in 2000, although more reforms are needed to win back market confidence. "The recovery will take some time. Of course, the success of the whole thing will also depend on the world economy (and) the Japanese economy in the year to come," Bank Indonesia governor Syahril Sabirin told reporters in Washington on Thursday.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 9, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

ASEAN told not to interfere

ASEAN told not to interfere KUALA LUMPUR (AFP): Foreign Minister Abdullah Ahmad Badawi urged ASEAN neighbors on Friday to stay out of its internal affairs as he warned against Malaysians abroad seeking to undermine the government. "We have already told these countries not to meddle in the internal affairs of our country," the official Bernama news agency quoted him as saying.

Murders may be organized: Kontras

Murders may be organized: Kontras JAKARTA (JP): Rights activists have said that the grisly murder spree that took place in East Java over the past two months has now claimed 157 victims and appears to have been perpetrated by an organized force.

Car market slump hits manufacturers

Car market slump hits manufacturers JAKARTA (JP): A slump in the country's car market has forced domestic automotive component producers to either halt their operations or decrease production. According to the Indonesian Automotive Parts and Components Industries Association (GIAMM), 21 of its 125 members have closed their factory doors.

Crisis hits mental health

Crisis hits mental health ACEH: About 40 percent of 156 patients in the central mental hospital in Banda Aceh are there as a result of the economic crisis, the hospital director said. Antara quoted Saiful Anwar as saying that most of his patients were facing psycho-social pressures caused by the soaring price of basic needs, unemployment and political tension. "Patients with mental disorders are usually from poor families with a low educational background," the hospital's director said.

ANA to fly Osaka-Denpasar

ANA to fly Osaka-Denpasar TOKYO (Dow Jones): Japan's All Nippon Airways Co said Friday it applied to the Transportation Ministry to start an Osaka- Denpasar direct air route service. If approved, the service to Bali, Indonesia, is scheduled to start on Dec. 23 with flights twice a week, the major Japanese air transportation company said. ANA has suspended its Jakarta-Denpasar flights due to political instability there since August.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Thunder Cats 3:05 TV Drama: Perjuangan 3:30 Science Film: Invention 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in English) 7:00 Evening News 7:35 Saturday Night Music 8:00 News: Lintasan Berita 8:05 Saturday Night Music (contd.) 8:30 Entertainment News: Majalah Udara 9:00 World News 9:35 Quiz: Berpacu Dalam Melodi 10:30...

Accusation on scam denied

Accusation on scam denied JAKARTA (JP): The city office of the Ministry of Social Services denied on Friday accusations from a group of disabled people that the office had embezzled funds allocated to purchase artificial limbs for the handicapped. Head of the office's disabled people's affairs, Yugiyani, asked that the disabled prove the charge. "I'm ready to face their accusation even under police questioning," she told The Jakarta Post.

China to get war apology

China to get war apology TOKYO (Reuters): When Chinese President Jiang Zemin visits Tokyo next month, he will receive the same direct apology from Japan as the one issued to visiting South Korean President Kim Dae-jung, a Foreign Ministry official said on Friday. "China is to get the same kind of apology as South Korea got, in a joint declaration," when Jiang meets Japanese Prime Minister Keizo Obuchi, the official said.

Most Southeast Asian currencies slump

Most Southeast Asian currencies slump SINGAPORE (Dow Jones): Just one week ago, excessively strong currencies may have seemed the last problem likely to afflict Southeast Asia. But as regional markets ended Asian trading hours on Friday mostly down on the day, but all stronger than a week previously, analysts warned that further appreciation may prove damaging to Asia's fragile economies.

Dewi to act as presidential spokeswoman

Dewi to act as presidential spokeswoman JAKARTA (JP): Minister/State Secretary Akbar Tandjung said on Friday that he has ordered his assistant Dewi Fortuna Anwar to act as a presidential spokeswoman when he was too busy with his job as a minister or as Golkar chairman. The minister however emphasized that he would remain as the President's chief spokesman and Dewi, now his assistant for foreign affairs, would only be assigned to help liaise with the press.

11 Serpong villagers arrested for looting

11 Serpong villagers arrested for looting JAKARTA (JP): Tangerang police detectives have busted 11 Sarimulya villagers in Serpong for allegedly being involved in the recent looting of thousands of livestock and the burning of the animals' byres. "All of the suspects are still under intensive investigation as we track down the real mastermind (of this incident)," Tangerang Police chief Lt. Col. Pudji Hartanto Iskandar said on Thursday.

Four questioned over operation of trawlers

Four questioned over operation of trawlers JAKARTA (JP): Tanjung Priok port police have questioned the four owners of 11 trawlers docked at Sunda Kelapa port in North Jakarta for allegedly operating the banned fishing boats. City police spokesman Lt. Col. Edward Aritonang said on Friday that the four -- identified only as AK, M alias N, B alias H and JT -- had been questioned since Tuesday but none of them was detained. The police have confiscated the vessels, he said.

Sutiyoso pledges to disclose wealth

Sutiyoso pledges to disclose wealth JAKARTA (JP): Governor Sutiyoso on Friday joined public calls for a wider investigation into corruption among past and present government officials and said he would soon hand over details of his private wealth to the government. However, the list detailing his fortune will remain sheltered from public scrutiny, he added. The right to open the files belongs only to his superior in the bureaucracy, in this case the Minister of Home Affairs, Sutiyoso said.

Military deal for U.S. and Manila

Military deal for U.S. and Manila MANILA (AP): Philippine and U.S. officials signed an agreement on Friday granting benefits to Filipino soldiers being trained in the United States, a sweetener for an earlier pact that would allow a resumption of large joint military exercises in the Philippines. The earlier pact, the Visiting Forces Agreement, was signed in February but must be approved by the Philippine Senate. Church and leftist groups have opposed the agreement and the return of U.S. forces.

Leprosy high in Irian, Maluku

Leprosy high in Irian, Maluku WAMENA, Irian Jaya: A noted doctor said here on Thursday that seven out of every 10,000 people in Maluku and six out of every 10,000 people in Irian Jaya were suffering from leprosy. "In Indonesia, an average of 2.3 per 10,000 people have leprosy. That means Maluku and Irian Jaya have a high incidence of the disease," said Hudion Boutmy, the head representative of NSL, a Dutch organization focusing on the eradication of leprosy.

APEC ministers open meeting on investment

APEC ministers open meeting on investment GINOWAN (AP): Energy ministers from countries along the Pacific met Friday to discuss how to sustain investment in new energy despite Asia's economic ills. Officials said a major issue at the two-day Asia-Pacific Economic Cooperation ministerial meeting on energy will be how to prevent a drop off in private investment in the power industry.

New relief projects target nine provinces

New relief projects target nine provinces JAKARTA (JP): Unicef and four prominent non-government organizations (NGOs) have launched a social relief project in the nine provinces worst hit by the economic crisis, according to a Unicef representative here. The nine provinces are West, Central and East Java, West Nusa Tenggara, East Nusa Tenggara, East Timor, South Sulawesi, Maluku and Irian Jaya. Stephen J.

Rape victims' counselor killed

Rape victims' counselor killed JAKARTA (JP): A Volunteers for Humanity activist working with rape victims of the May riots was found dead at her Central Jakarta house on Friday evening. The victim, identified as Martadinata and popularly known as Ita, 18, was found with her neck slashed and stab wounds on her hands, abdomen and chest. "Ita's body was discovered by my husband at about 6 p.m. in her room on the second floor," Wiwin, Ita's mother, said calmly.

Pertamina awaiting Habibie's decision

Pertamina awaiting Habibie's decision JAKARTA (JP): State oil and gas company Pertamina said on Friday it was awaiting President B.J. Habibie's decision on the development of the Coastal Plains Pekanbaru (CPP) block in Riau after 2001. Pertamina's exploration and development director Priyambodo Mulyosudirjo said the final decision would rest with the President. The CPP block is currently being developed by PT Caltex Pacific Indonesia (CPI) with an output of 77,000 barrels per day.

IFC's RI debtors in trouble

IFC's RI debtors in trouble WASHINGTON (Bloomberg): Sixty percent of the 42 companies in Indonesia that have borrowed money from the International Finance Corp, the World Bank's private lending arm, are in financial difficulty, the Asian Wall Street Journal reported Friday, quoting executives of the Washington-based lender.

Govt consults IMF, WB on capital control plan

Govt consults IMF, WB on capital control plan JAKARTA (JP): The government is consulting with the International Monetary Fund (IMF) and the World Bank over plans to implement a new system to monitor capital flows, according to Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita. He said on Friday that the government needed to get the views of various experts before implementing the new system so that it would be effective and meet the government's objectives.

Will new press freedom survive?

Will new press freedom survive? By Amir Sidharta JAKARTA (JP): The banning of premier weeklies Tempo, Detik and Editor in June 1994 was very frustrating because it happened just as it seemed that the New Order was becoming more tolerant to openness in the press. It was clear that the pendulum had swung back in the opposite direction and the New Order regime of the time was starting to tighten its grip on the media once again.

Musicians drum up support for saving traditional music

Musicians drum up support for saving traditional music By Yudha Kartohadiprodjo JAKARTA (JP): Imagine a caravan of mules and a group of experts climbing the hills of Sulawesi. Carrying heavy equipment, the group is searching for the world's most universal, and valuable, language: music. Led by Philip Yampolsky, a U.S. ethnomusicologist, the group was on its way to record South Sulawesi traditional music.

Congress support for Megawati shows 'public aspirations'

Congress support for Megawati shows 'public aspirations' DENPASAR (JP): Senior members of Megawati Soekarnoputri's faction of the Indonesian Democratic Party (PDI) believe the overwhelming support for her presidential candidacy at a congress here mirrors the people's wish for a new leader. Aberson Marle Sihaloho and Mochtar Buchori agreed the support of her nomination was "realistic" and would "uphold people's sovereignty".

Singers protest sexual harassment

Singers protest sexual harassment TANGERANG (JP): Over 125 female singers from a karaoke singing hall have sought legal advice from the legal aid institute here after a number of the girls were sexually assaulted by a mob protesting outside the night spot on Sept. 19. Model singing hall's manager, Alex, who accompanied the singers to the office, said three of his employees were molested by members of the 150-strong mob which staged the midnight protest.

Govt to prioritize agricultural sector

Govt to prioritize agricultural sector JAKARTA (JP): President B.J. Habibie said on Friday his government would prioritize the development of the agricultural sector due to its competitiveness in the world market and its relative strength in the economic crisis. The President conceded the government had ignored the sector in the past despite its absorption of a huge labor force. The government gave inordinate attention to industrial development instead.

LIPI team conducts study on interethnic relations

LIPI team conducts study on interethnic relations JAKARTA (JP): A study on how members of ethnic groups in the country relate to one another is currently being conducted by the National Institute of Science (LIPI), it was reported on Friday. The head of a 12-member LIPI research team, Rusdi Muchtar, said he hoped the study would yield results that could be used by the government to improve its policies with regards to the issue.

Singapore meeting to focus on Asian crisis

Singapore meeting to focus on Asian crisis SINGAPORE (Reuters): Capital controls and the liberalization of financial systems in Asia will be the key focus of discussions, both formal and informal, at a gathering of international political and business leaders next week. "The issue of what is happening to the process of financial liberalization all over the region is a key issue," said Claude Smadja, managing director of the World Economic Forum.

Labor activists threaten to stage hunger strike

Labor activists threaten to stage hunger strike JAKARTA (JP): Five members of the Committee for United Action of Indonesian Workers (KAPPI) have threatened to go on a hunger strike unless the government lifts the 1998 ministerial decree on the registration of labor organizations. "The ruling has caused the ongoing friction within the All Indonesia Workers Union Federation (FSPSI)," KAPPI Chairman Alexander Sinaga told The Jakarta Post here on Friday.

Doubting IMF help

Doubting IMF help Since the IMF took over the Indonesian economy back in 1997, I have seen no crucial or significant structural changes to the fundamentals of the Indonesian economy, except a simple dollar bailout. I do not know who initially asked for IMF help. Was it the IMF that offered its so-called expertise as a troubleshooter to sort out the financial mess? First, let us look at the IMF proposal on bank restructuring, which has left us with a number of unsolved problems.

Congress likely to give nod to Megawati

Congress likely to give nod to Megawati By Imanuddin & M.M.I. Ahyani DENPASAR (JP): Megawati Soekarnoputri's faction of the Indonesian Democratic Party (PDI) is expected to wind up its congress on Saturday by reelecting her to its helm and naming her as its candidate for next year's presidential election. As of Friday night, 18 of the 27 provincial chapters had expressed support for Megawati retaining her position as chairwoman for the 1998 to 2003 period.

Pertamina to scrap 159 dubious deals

Pertamina to scrap 159 dubious deals JAKARTA (JP): State oil and gas company Pertamina said on Friday it would scrap 159 deals made with former President Soeharto's family, cronies and high-ranking officials. The company said it would save US$64.7 million in dollar- denominated expenses and Rp 313.3 billion ($34.8 million) in rupiah-denominated expenses from discarding the deals, which it claimed were made under corrupt practices.

Hotel industry showing sign of slow recovery

Hotel industry showing sign of slow recovery JAKARTA (JP): The hotel industry's sluggish post-riot period has shown signs in the last two months of coming to an end, with occupancy rates climbing to above 40 percent from less than 20 percent during the first half of the year. Hoteliers attributed the improvement in the industry to the relatively stable economic conditions and political situation over the last two months.

Stock index rebounds to cross the 300 barrier

Stock index rebounds to cross the 300 barrier JAKARTA (JP): The bulls were out in force on Friday at the Jakarta Stock Exchange (JSX) as share prices rose 5.6 percent, and the rupiah maintained its own rally by holding steady at the 9,000 level against the U.S. dollar. Stockbrokers said foreign fund managers basked in the rupiah gains and bullish regional market to buy undervalued large-cap stocks, driving the main price index to pass the 300 boundary.

Team investigates Lampung riot

Team investigates Lampung riot JAKARTA (JP): Three members of a government-sponsored joint fact-finding team on the mid-May riots have found a similar pattern of destruction in the unrest that hit Central Lampung, Medan, Jakarta, Surakarta, Palembang and Surabaya concurrently. Sri Hardjo of the office of the State Minister of Women's Roles and Zulkarnain and Mulyanto from the Ministry of Justice were in Lampung to investigate the rioting in Bandarjaya market in Central Lampung on May 15.

The mystery must be solved

The mystery must be solved What on earth is going on in Banyuwangi? Although this question still begs to be answered, the facts seem simple enough. Official police reports say that more than 100 people have been mysteriously murdered to date by death squads of masked men prowling the countryside at night in this far corner of East Java.

ASEAN Women's Month '98 touts women's achievements

ASEAN Women's Month '98 touts women's achievements JAKARTA (JP): Ten years ago, the then six members of the Association of Southeast Asian Nations (ASEAN) signed a declaration on the advancement of women in the ASEAN region.

Inaccurate reporting

Inaccurate reporting I am an executive of a law company and used to dealing with a wide range of people from various classes of society, both Indonesian and foreign. I have learned a lot of things from my clients, like accuracy and punctuality for instance.

Car owners find ways to reduce maintenance costs

Car owners find ways to reduce maintenance costs By Stevie Emilia JAKARTA (JP): If we had to choose between being stuck in a traffic jam in our own car or in a public vehicle, with the risk of being ripped off by pickpockets, many of us might take the first choice. But with the skyrocketing prices of spare parts and car repairs, car owners are having to take efficiency measures.

Legal, business consultants to study Senayan's assets

Legal, business consultants to study Senayan's assets JAKARTA (JP): The Senayan management board plans to hire legal and business consultants to appraise all its assets, it was announced on Friday. State Minister of Youth Affairs and Sports Agung Laksono, in his capacity as one of the board's deputy chiefs, said the consultants' report would be presented in a plenary board meeting scheduled for early December.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 9, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 -25 633,500 Alumindo Light Metal 250 0 20,000 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 150 0 20,000 Aneka Tambang 1,275 100 45,619,500 Anwar Sierad 100 0 104,000 Apac Centertex Corp.

Habibie to attend APEC summit in KL

Habibie to attend APEC summit in KL WASHINGTON (Agencies): President B.J. Habibie, who recently canceled a planned visit to Malaysia later this month, is to attend the APEC summit there in November, the Indonesian Ambassador to the United States said on Thursday. "The President...

Protesters block newly built Serpong toll road

Protesters block newly built Serpong toll road TANGERANG (JP): Dozens of demonstrators blocked a tollgate of the newly built Bintaro-Serpong toll road in Ciputat here on Friday to protest its construction. The protesters claimed that 3,280 square meters of the toll road were still owned by the heirs of a deceased local Kampung Sawah villager named Kampret. Daud, a lawyer representing the heirs, said the plot had never been sold to any party.

Ibnu named a suspect in promissory note forgery

Ibnu named a suspect in promissory note forgery JAKARTA (JP): The National Police are to send officers to the United States to investigate the alleged forgery of promissory notes worth about US$3 billion by Ibnu Hartomo, former president Soeharto's brother-in-law. Ibnu was officially named a suspect by the police on Friday for falsifying 500 promissory notes which were sold to a Syrian, identified as Hasan Zubaidi, National Police spokesman Brig. Gen. Togar M. Sianipar said on Friday.

Tickets on sale for Asian Games

Tickets on sale for Asian Games BANGKOK (AFP): Tickets for the 13th Asian Games in Thailand in December will go on sale across the region next week, organizers said Friday. Around 14,700 tickets of the total of 77,000 have so far been sold in Thailand for ceremonies at the start and end of the games and tickets for other events go on sale at the end of the month, organizers said. The Dec.

Putu puts on stage terror of May riots

Putu puts on stage terror of May riots JAKARTA (JP): The horrific May riots will again be addressed. This time, the case is brought to stage by playwright Putu Wijaya and his Teater Mandiri. His riot-inspired play, Ngeh (Understand), will be performed on Saturday and Sunday at Taman Ismail Marzuki arts center, Central Jakarta, as a part of the Second Art Summit Indonesia 1998.

Art Summit schedule

Art Summit schedule Oct. 9-10: Music, Wulan Bamban, Suka Hardjana (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892). Oct. 11-12: Theater, Ngeh (Understand), Teater Mandiri (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087). Oct. 13-14: Dance, Diez-Diez Danza SL (Spain), GKJ. Oct. 16-17: Music, Tsuchitori Toshiyuki (Japan), TIM. Oct. 18-19: Music, Kaija Saariaho (Finland), GKJ. All performances start at 8 p.m.