Indonesian Political, Business & Finance News

Archive: 12 October 1998

51 articles found

Women face threat of abuse as economic crisis deepens

Women face threat of abuse as economic crisis deepensBy Brigid O'Halloran JAKARTA (JP): A young woman studies her battered reflection in a large ornate mirror. "He said he wouldn't beat me anymore," she says. "He's said this before.

Farmers demand savings back

Farmers demand savings back PURWOKERTO, Central Java (JP): More than 5,000 clove farmers from Banyumas regency complained to the University of Gen. Soedirman on Saturday, requesting help from the institution for the return of their savings from the government.

Rival camps of labor export companies fail to reconcile

Rival camps of labor export companies fail to reconcile JAKARTA (JP): The two conflicting camps in the Association of Labor Export Companies Association (Apjati) failed to reconcile on Saturday because one of the warring parties failed to attend an agreed congress.

Statement on opposition to Habibie sparks speculation

Statement on opposition to Habibie sparks speculation JAKARTA (JP): A recent statement by a close presidential advisor that President B.J. Habibie's strongest opposition in a presidential election bid would come from within Golkar's own ranks has triggered speculation from political observers.

Rate ceiling for Oct. 12 - Oct. 18

Rate ceiling for Oct. 12 - Oct. 18 Time deposit Maximum rate Maximum rate Rp deposit (%) $ deposit (%)-------------------------------------------------1-month 64 153-month 61 156-month 50 1512-month 48 1524-month 30 18 Maximum overnight rate for rupiah : 58 percentMaximum overnight rate for U.S.

Bank mergers

Bank mergers In normal economic conditions there are four goals if a company or bank decides to merge with other companies or banks. First, to make the total assets bigger so as to enable them to compete with the established institution peers.

Proactive planning needed to develope telecommunications

Proactive planning needed to develope telecommunicationsBy Zatni Arbi JAKARTA (JP): My article on wired versus wireline telephones last week seems to have attracted a few responses. Unfortunately, when people were calling me over that article, I happened to be away in Bandung to attend the opening...

BI's gross foreign exchange reserves rise to US$21.5b

BI's gross foreign exchange reserves rise to US$21.5b JAKARTA (JP): Bank Indonesia (BI), the central bank, announced on Friday that its gross foreign exchange reserves rose to US$21.5 billion in the week ending Oct. 7 from $20.5 billion the previous week.

IDI demands Dewi retract Sukarno's death charges

IDI demands Dewi retract Sukarno's death charges JAKARTA (JP): The Indonesian Medical Association (IDI) has demanded that a widow of president Sukarno, Ratna Sari Dewi, retract her statement charging that his medical team killed him with an overdose of sleeping pills.

Killer's arrest stuns peacefull neighborhood

Killer's arrest stuns peacefull neighborhood JAKARTA (JP): The arrest of 22-year-old Suryadi, alias Otong, alias Bram, for the murder of volunteer counselor Marthadinata shocked his neighbors along Jl. Berlian III in Sumur Batu subdistrict in Central Jakarta.

Natural resources and economy

Natural resources and economy We have tried all kinds of things to improve our economy, including praying to God, tightening our belts, borrowing money, rescheduling our debts, cutting down subsidies, increasing taxes, clamping down on graft, recovering laundered money, eating less, reducing...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Wayang, 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.

Art Summit schedule

Art Summit schedule 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), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct.

Two more people fall victim in East Java killing spree

Two more people fall victim in East Java killing spree SURABAYA (JP): The mysterious killing spree in East Java has claimed two more victims, including one man slain in a mob attack because he was suspected of complicity in the murders.

Peaceful demo staged in Dili

Peaceful demo staged in Dili DILI, East Timor (JP): At least 30,000 people demonstrated here on Sunday, demanding that Governor Jose Abilio Soares step down following his statement that civil servants who did not support the government's proposal on autonomy for the province should resign or be...

Two unions hold congress

Two unions hold congress JAKARTA: The tourist sector's union elected Ali Samioen as its chairman and Sofyan to the secretary-general position through 2003 at a recent congress in Cianjur, West Java.Ali said the congress, attended by 250 delegates representing all 27 chapters and 125 sectoral union...

Capital inflows 'have destabilizing impact'

Capital inflows 'have destabilizing impact' NEW YORK (Dow Jones): Although capital inflows will be crucial in reactivating the Indonesian economy, they can have a very destabilizing impact and need to be monitored, the head of the country's central bank said Friday.

Sarimun installed as new mayor

Sarimun installed as new mayor JAKARTA (JP): Sarimun Hadisaputra was installed on Friday as the new mayor of West Jakarta, replacing Sutardjianto, who was appointed inspector of the city administration.

Slain Ita 'a rape victim in May riots'

Slain Ita 'a rape victim in May riots' JAKARTA (JP): An executive of the Indonesian Legal Aid and Human Rights Association said on Sunday that he believed Marthadinata, who was murdered on Friday, was one of the rape victims of the mid-May riots.

PAL to take to foreign skies

PAL to take to foreign skies MANILA (Reuters): Resurrected Philippine Airlines is preparing to take off for foreign skies again this week, but may avoid using leased jumbo jets to fly to the United States for fear of action by creditors there.

Asian currencies rally on weakened U.S. outlook

Asian currencies rally on weakened U.S. outlook HONG KONG (AFP): Currencies in the Asia-Pacific region strengthened against the greenback in a week that saw U.S. Federal Reserve chairman Alan Greenspan warn of a weakened outlook for the American economy.

Moral crisis as serious as economic turmoil

Moral crisis as serious as economic turmoilBy Harkiman Racheman MEDAN (JP): In a country where absolute power revolves around a single hand, the ruling regime tends to be corrupt and unaccommodating (let alone representative!) toward the aspirations as well as interests of its various social...

'One out of 1,000' people suffer from cancer

'One out of 1,000' people suffer from cancer JAKARTA (JP): One out of every 1,000 Indonesians in Java and Bali suffers from cancer, an expert said on Saturday.Tjahjono, a professor of anatomic pathology at the Semarang- based University of Diponegoro in Central Java, said based on his research from...

Tarman Azzam named new PWI chairman

Tarman Azzam named new PWI chairman SEMARANG, Central Java (JP): The Indonesian Journalists Association (PWI) has elected Tarman Azzam, its Jakarta chapter chairman, as its leader through 2004.Tarman, chief editor of Terbit afternoon daily, was picked from several strong contenders, including...

ASEAN fractures exposed once again

ASEAN fractures exposed once again MANILA (Reuters): The disparate Association of Southeast Asian Nations (ASEAN) has always had a tough job convincing onlookers of its combined purpose, and its divisions are now attracting even more attention than usual.

Toll road pickets urged to end action, go to court instead

Toll road pickets urged to end action, go to court instead TANGERANG (JP): A senior official of the Tangerang Regency Office believes that protesters blocking a toll gate in a dispute over unpaid land compensation would be better served by taking their grievance to court.

Govt stops issuing plantation licenses

Govt stops issuing plantation licenses JAKARTA (JP): The government has stopped issuing new licenses to open up forests for plantation estates as most investors have neglected the projects.Minister of Forestry and Plantations Muslimin Nasution said on Friday that only 1.4 million hectares (16.

PDI coming of age?

PDI coming of age? Sighs of relief are no doubt being heaved all across Indonesia, and around the power centers in Jakarta in particular, that the fifth party congress of PDI Perjuangan -- the Megawati- led faction of the Indonesian Democratic Party -- ended in Bali over the weekend without any...

Soeharto family's oil, gas interests suffer heavy blow

Soeharto family's oil, gas interests suffer heavy blowBy Johannes Simbolon JAKARTA (JP): A death knell has been sounded for Soeharto's family, relatives and friends who have dominated the country's oil and gas industry for decades.

More evidence needed to prosecute Prabowo

More evidence needed to prosecute Prabowo JAKARTA (JP): National Military Chief Maj. Gen. Syamsu Djalal said on Saturday that investigators were still looking for further evidence to prosecute former Army Special Force (Kopassus) chief Lt. Gen.

Catch rare art treats while you can at Summit

Catch rare art treats while you can at SummitBy Stevie Emilia and Yudha Kartohadiprodjo JAKARTA (JP): Art lovers only have a week left to enjoy top- quality performances as the Second Art Summit Indonesia nears its final curtain.

It must be call from heaven

It must be call from heaven JAKARTA (JP): When a Blue Bird operator received a call ordering a taxi, he was pretty sure that the voice was that of a long-time male customer whose name was on the database.So a taxi was dispatched to the usual address.

Former official gives back property

Former official gives back property BEKASI (JP): Former Bekasi deputy regent H. Dede Satibi has returned all the property belonging to the Bekasi administration he used during his tenure in office, an official said.

Rejuvenated rupiah may start to flag

Rejuvenated rupiah may start to flag JAKARTA (JP): The rupiah, which perked up to break through the psychological barrier of 9,000 against the U.S. dollar last week, is expected to take a breather from its surge and most probably lose ground due to selling pressure.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Talk Show: Sebaiknya Anda Tahu 3:30 TV Drama: Tamu Tak Diundang 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Tangkas Cermat 6:00 News: Lintasan Berita 6:05 Documentary:...

Wayang paintings on display

Wayang paintings on display JAKARTA (JP): Paintings of traditional Javanese wayang (puppets) are on display at Hotel Sari Pan Pacific through Oct. 23.The exhibition, held in cooperation with artists from the Hastara Art Community, is part of the hotel's Year of Art and Culture 1998 program.

Megawati gets it right with party lineup: Observers

Megawati gets it right with party lineup: ObserversBy Imanuddin & M.M.I. Ahyani DENPASAR (JP): Megawati Soekarnoputri has sidestepped potential ruptures in her faction of the splintered Indonesian Democratic Party (PDI) by appointing all of the right people to the executive board, according to an...

Tap water project targets Marunda's poor families

Tap water project targets Marunda's poor families JAKARTA (JP): British tap water company Thames Water will provide a Rp 1 billion (US$100,000) donation to finance the installation of an 11-kilometer pipeline project in the low- income Marunda subdistrict of North Jakarta.

Merpati reports Rp 300b loss for first semester

Merpati reports Rp 300b loss for first semester JAKARTA (JP): State-owned airline PT Merpati Nusantara Airlines suffered a loss of Rp 300.3 billion (US$33.37 million) in the first semester of this year, an increase of nearly 300 percent from Rp 77.39 billion in the same period of last year.

NU wants a more accountable ABRI

NU wants a more accountable ABRI JAKARTA (JP): Nadhlatul Ulama (NU), the country's largest Moslem organization, has avowed its support of the Armed Forces (ABRI), but urged it to be more accountable for the safety of the nation.

APEC calls for investment in energy infrastructure

APEC calls for investment in energy infrastructure TOKYO (Agencies): Energy ministers from 21 Asian and Pacific nations called Saturday for continual investment in energy infrastructure to pull the region out of its economic crisis.

BI to keep tight monetary policy until worries over

BI to keep tight monetary policy until worries over BOGOR, West Java (JP): Bank Indonesia will stick to its tight monetary policy until worries over the rupiah exchange rate and inflation truly subside, director Achjar Iljas said here on Saturday.

Malaysia, RI to have small summit delegation

Malaysia, RI to have small summit delegation SINGAPORE (AP): As central bank governors, finance ministers and stock exchange chiefs meet for the World Economic Forum's East Asian summit this week, the two countries in the worst economic straits -- Indonesia and Malaysia -- will have only meager...

Suggestions to Habibie

Suggestions to HabibieFrom Sinar PagiMr. Habibie, your government has been running for over three months. Things, however, have gone from bad to worse. Common people can hardly afford to buy the nine basic necessities, the rate of unemployment continues to rise and this country has now found itself...

Reclamation halted on resort island

Reclamation halted on resort island JAKARTA (JP): The North Jakarta mayoralty has ordered a stop to reclamation work on Air resort island in the popular Thousand Islands chain in Jakarta Bay due to a lack of required permits.

Befuddled by banking policy

Befuddled by banking policyFrom MerdekaIt's simply fantastic -- the lobbying of prominent bankers has relegated the government to second place. The government is like a shadow forced to follow in the bankers' steps.

Estrada makes first foreign trip to Singapore

Estrada makes first foreign trip to Singapore SINGAPORE (Agencies): Philippine President Joseph Estrada arrived in Singapore on Sunday on his first state visit abroad since taking power 15 weeks ago.In keeping with his "man of the masses" appeal, Estrada's first scheduled event upon arrival was a...

Agum pledges uninterrupted soccer league

Agum pledges uninterrupted soccer league JAKARTA (JP): Newly appointed All Indonesia Soccer Federation (PSSI) chief Lt. Gen. Agum Gumelar guaranteed on Saturday that the upcoming league would run as planned.

Greater Jakarta workers set up new labor group

Greater Jakarta workers set up new labor group JAKARTA (JP): Employees of 100 companies operating in Jakarta and its surrounding areas established on Sunday a new union called Serikat Buruh Jabotabek (Greater Jakarta Labor Organization) in a bid to improve their bargaining position.

No easy way out of RI's crisis

No easy way out of RI's crisisBy Bambang Subianto The following is an excerpt from a paper presented at the National Issues Forum put on by the Brookings Institute and the Harvard Institute for International Development in Washington D.C. on Oct. 2. This is the first of two articles.

Indonesia fails to win Sentul road race

Indonesia fails to win Sentul road race JAKARTA (JP): The host team finished empty-handed in the four categories of the Asian road race in Sentul, near Bogor, on Sunday.Thailand took three classes of the 125cc, 150cc sports production and 110cc underbone, and Japan captured the 250cc sports...