Indonesian Political, Business & Finance News

Archive: 13 October 1998

55 articles found

Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from Oct.12 to Oct.18 : U.S. dollar 1 Rp 9,000.00Austrian shilling 1 784.

German school moves to BSD

German school moves to BSD TANGERANG (JP): The Deutsche Internationale Schule (DIS) started operations at its new address in Bumi Serpong Damai (BSD) housing complex here on Monday.DIS' principal Wolfgang Hinners said the school relocated from its two old locations on Jl.

Villagers fear landslides

Villagers fear landslides CILACAP, Central Java (JP): One hundred and twenty families were evacuated to safe ground on Monday following the discovery of cracks in the ground in Panulisan Timur village, Dayeuh Luhur district.

Malnutrition 'a big threat' to future human resources

Malnutrition 'a big threat' to future human resources JAKARTA (JP): A nutritionist warned on Monday that acute nutritional deficiencies not recorded for 20 years are making a comeback, presenting the likelihood of a dearth of high-quality human resources in the first decade of the new millennium.

Mayoralty office catches alight

Mayoralty office catches alight Samarinda, E Kalimantan: A fire broke out in the mayoralty office here on Monday morning, damaging one third of the three- story building. No casualties were reported.A witness said he saw flames break out in the deputy mayor's empty room.

Philippine films screened

Philippine films screened JAKARTA (JP): In celebration of the Philippines centennial, the Philippine Women's Association is organizing a film festival in cooperation with the Philippines Embassy.The three-day festival, which starts on Tuesday, is taking place at the ASEAN Secretariat's main...

British investors upbeat on RI's economic prospects

British investors upbeat on RI's economic prospects JAKARTA (JP): British investors remain upbeat about Indonesia's economic prospects despite the country's worst economic crisis in decades, according to the Indonesian British Business Council (IBBC).

Sigit questioned over $25m bank fraud case

Sigit questioned over $25m bank fraud case MEDAN (JP): Former president Soeharto's eldest son Sigit Harjojudanto was questioned here on Monday as a witness in a Rp 227 billion (US$25 million) bank fraud case.

Boy shot in Jambi clash

Boy shot in Jambi clash JAMBI: A boy was accidentally shot when police fired warning shots to deter residents who were attacking a police station late Sunday. The unnamed 10 year old was shot in the abdomen and is under intensive care at Jambi hospital, a police spokesman said as quoted by Antara...

Learning from past mistakes

Learning from past mistakes I don't claim to know for certain all the facts of history, but am writing from personal experience.I was a boy in 1964/1965, and even then my parents encouraged me to read English-language books. Two of my favorite places were the British Council, then located on Jl.

'Vengeance' behind killing spree

'Vengeance' behind killing spree JAKARTA (JP): National Police chief Maj. Gen. Roesmanhadi said on Monday that revenge was behind East Java's mysterious murder spree in which more than 150 people -- many of them Islamic teachers -- have been killed.

No easy way out of RI's crisis

No easy way out of RI's crisisBy Bambang Subianto This is the second of two articles excerpted from a paper presented at the National Issues Forum of the Brookings Institute and the Harvard Institute for International Development, Washington D.C. on Oct. 2, 1998.

Fire damages discotheque

Fire damages discotheque JAKARTA (JP): A fire partially burned a discotheque and karaoke hall building in Kemayoran, Central Jakarta, on Sunday night.No fatalities were recorded during the fire which was first noticed at 9:45 p.m. by a singer at the Scorpion Dangdut Discotheque and Karaoke Hall.

Direct presidential election possible: Ryaas Rasyid

Direct presidential election possible: Ryaas Rasyid JAKARTA (JP): A senior government official said on Monday the government would not object to the direct election of the president provided it was supported by Constitutional amendments."It's possible...

Kadin supports early AFTA implementation

Kadin supports early AFTA implementation JAKARTA (JP): Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Aburizal Bakrie said on Monday that the organization would give its full support to an early implementation of the ASEAN Free Trade Area (AFTA).

Bangkok to hold pre-Asian Games

Bangkok to hold pre-Asian Games JAKARTA (JP): The Bangkok Asian Games Organizing Committee (BAGOC) will stage its run-through for the Asian Games this week to test its readiness to host the continent's premier sporting meet.

Feuding Manggarai residents given three unpleasant choices

Feuding Manggarai residents given three unpleasant choices JAKARTA (JP): Governor Sutiyoso offered rival resident groups in Manggarai, South Jakarta, three unpleasant alternatives on Monday unless they immediately settle their long-standing dispute peacefully.

Capital controls may become a boomerang

Capital controls may become a boomerangBy Eddy Soeparno JAKARTA (JP): As expected by many analysts, the government recently announced that it would study Chile's treatment of short-term fund flows as well the possibility of requiring exporters to surrender their dollar earnings.

C. Kalbar restructures debts

C. Kalbar restructures debts JAKARTA (JP): Fats producer and cocoa grinder PT Cahaya Kalbar said on Monday that it had successfully restructured its US$30 million debts with a group of 13 foreign and local banks.

Opportunities 'still remain' to alter political bills

Opportunities 'still remain' to alter political bills JAKARTA (JP): The dominant Golkar faction at the House of Representatives (DPR) said on Monday there were still opportunities for the public to propose changes to the draft political laws currently under deliberation.

Jakartans will have to fight flooding on their own this year

Jakartans will have to fight flooding on their own this yearBy Stevie Emilia JAKARTA (JP): Controversy is still raging over predictions that the La Nia weather phenomenon will cause massive flooding in Jakarta. But with or without La Nia, the city will surely be inundated during the rainy season.

Jonathan wins gold, three silvers

Jonathan wins gold, three silvers JAKARTA (JP): The nation's top gymnast Jonathan Sianturi won a gold and three silver medals in the Egypt Cup in Alexandria last week, but failed to get the morale boost he wanted prior to the 13th Asian Games in December.

Banks cut deposit interest rates to below 60 percent

Banks cut deposit interest rates to below 60 percent JAKARTA (JP): A number of commercial banks have cut their deposit interest rates by as much as eight percentage points in the wake of the rupiah's recent rally and falling inflation.

Asia could kick off global meltdown: Economists

Asia could kick off global meltdown: Economists SINGAPORE (Reuters): Asia's economic crises could result in a global recession as early as next year if Japan does not recover, economists at the East Asia Economic Summit said on Monday.

Dance depicts fight to topple Soeharto

Dance depicts fight to topple SoehartoBy Sal Murgiyanto JAKARTA (JP): The fall of Soeharto's New Order has brought great changes to the life of the nation, for better and worse, in various fields of political, social, culture and the arts.

Rahardi Ramelan says CPO export taxes remain in force

Rahardi Ramelan says CPO export taxes remain in force JAKARTA (JP): The government is retaining high export taxes on crude palm oil (CPO) and its derivatives despite a significant decline in domestic prices in recent weeks.

Newcrest to mine gold in 1999

Newcrest to mine gold in 1999 JAKARTA (JP): Gold mining company PT Nusa Halmahera Mineral said on Monday it would start gold production in its contract area on the island of Halmahera in Maluku in the middle of next year.

Pertamina 'must be consistent in anticorruption campaign'

Pertamina 'must be consistent in anticorruption campaign' JAKARTA (JP): Legislators called on state oil and gas company Pertamina on Monday to be consistent in its efforts to eradicate collusion, corruption and nepotism from its many businesses.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Children's Drawings: International Price Winning Pictures from Bavaria (1997), at the Goethe-Institut Bandung, Jl. Martadinata 48 (Phone: 022 436440), 9 a.m. to 5 p.m., until Oct. 19.

Expect surprises, not a flamenco flurry

Expect surprises, not a flamenco flurry JAKARTA (JP): Praise has been heaped on the Second Art Summit Indonesia 1998 committee's decision to bring in some of the world's best dance groups, like Japan's Yukio Waguri or Germany's Bremer Tanztheater.

Stocks strengthen as rupiah remains firm

Stocks strengthen as rupiah remains firm JAKARTA (JP): Share prices rose slightly in the local market on Monday, bolstered by foreign investors' persistent buying of certain blue-chip stocks, as the rupiah remained stable against the U.S. dollar.

Govt campaign against corruption 'half-hearted'

Govt campaign against corruption 'half-hearted' JAKARTA (JP): The government's move to probe into high level corruption cases in the country is a half-hearted effort merely to refine its image, an American expert on Indonesia's political economy said here Monday.Jeffrey A.

Creditors 'keen to renegotiate debts'

Creditors 'keen to renegotiate debts' JAKARTA (JP): Foreign creditors are generally prepared to restructure loans to Indonesian private sector debtors in the hope it will allow them to eventually recover some of their money, a senior government official has said.

Residents urge village head to quit

Residents urge village head to quit TANGERANG (JP): About 70 residents of Sawah Lama village in Ciputat district here went to the Tangerang regency inspectorate office, demanding that their village head, Rusdi Ali, resign his position.

Investigation into the death of Ita cast into confusion

Investigation into the death of Ita cast into confusion JAKARTA (JP): The only sister of Marthadinata, or Ita, who was murdered at midday on Friday has said she believes the murder of her younger sibling was a criminal act and not motivated by a more sinister agenda.

RI deems forex monitoring plan acceptable

RI deems forex monitoring plan acceptable JAKARTA (JP): The International Monetary Fund (IMF) should have no reason to forbid Indonesia from implementing its proposed foreign exchange monitoring system, the country's senior economics minister said on Monday.

56 Filipinos deported

56 Filipinos deported MANADO, North Sulawesi: Fifty-six fishermen from the Philippines were deported on Monday through Bitung Port here after they were found fishing without permits in Indonesian waters.

Govt urged to help hasten renovation of markets

Govt urged to help hasten renovation of markets JAKARTA (JP): The central government was urged on Monday to speed up the disbursement of Rp 68 billion (US$7 million) it pledged for the renovation of five traditional markets damaged and burned during the May riots in the capital.

Wealth probe here

Wealth probe hereFrom MerdekaFormer president Soeharto's visit to the Attorney General's Office can be equated to a political game between people who have had a relationship before. The name of the game is to act in defense of Soeharto.

Minibus drivers fuming with overlapping routes

Minibus drivers fuming with overlapping routes JAKARTA (JP): About 40 Kopaja minibus drivers protested at City Hall on Monday over lost business due to competition with wide-bodied buses on the same routes.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Students' Program: Tunas 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary Program 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports:...

Saefuddin challenges rivals to open debate

Saefuddin challenges rivals to open debate JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin has challenged anybody aspiring to become the next president to an open debate, Antara said.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 12, 1998: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 0 1,498,000 Alumindo Light Metal 250 0 0 Alumindo...

Does Habibie have the guts to probe Soeharto's wealth?

Does Habibie have the guts to probe Soeharto's wealth?By Aleksius Jemadu JAKARTA (JP): The controversy surrounding the investigation into Soeharto's alleged ill-gotten wealth is garnering lots of public attention. Many are cynical on President B.J.

Angry mob vandalizes LBH office

Angry mob vandalizes LBH office JAKARTA (JP): Hundreds of people attacked the Indonesian Legal Aid Institute (LBH) office here in front of dozens of police officers who had been alerted in advance, activists said on Monday.

Thousands of East Timorese demand governor's resignation

Thousands of East Timorese demand governor's resignation DILI, East Timor (JP): Thousands of people continued to demand the resignation of Governor Jose Abilio Soares on Monday, holding demonstrations at Dili's Comoro airport and in Baucau.

Habibie to meet Estrada today

Habibie to meet Estrada today JAKARTA (JP): President B.J. Habibie and Philippine President Joseph Estrada will hold their first informal summit on Tuesday afternoon on Batam island in Riau province, a palace official said on MondayEstrada will cross to Batam from Singapore by ferry after...

Reporting inaccuracies

Reporting inaccuracies Your article "Megawati gets it right with party lineup: Observers" published on Oct. 12 and written by Imanuddin and M.M.I. Ahyani, misquotes and misrepresents my comments to your reporters.

239 buildings damaged in quake

239 buildings damaged in quake PALU, Central Sulawesi: At least 239 buildings and public facilities in seven villages in the subdistrict of Banawa in Donggala district, were damaged in two consecutive tectonic earthquakes early Sunday, a provincial administration official said.

Yonex pays PBSI sponsorship money

Yonex pays PBSI sponsorship money JAKARTA (JP): Japanese sports equipment maker Yonex paid on Monday the third installment amounting to US$250,000 of its yearly sponsorship deal with the Badminton Association of Indonesia (PBSI).

Bankruptcy claim over Modernland approved

Bankruptcy claim over Modernland approved JAKARTA (JP): In only its second decision since opening in August, the Jakarta Commercial Court approved on Monday the bankruptcy petition filed by Hussein and Johan Subekti against property firm PT Modernland Realty for a Rp 94.

Police looking into drug syndicate

Police looking into drug syndicate JAKARTA (JP): City Police detectives are looking for three Nigerians believed to be members of a well-organized Jakarta- Bangkok-Hong Kong heroin trafficking syndicate, an official announced Monday.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 12, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,000.00 9,100.00 9,000.00 9,175.00Austrian schilling 1 739.65 809.65 - -Australian dollar 1 5,495.50 5,755.50 5,420.00 5,820.

Inco's contract disputed

Inco's contract disputed UJUNGPANDANG, South Sulawesi (JP): The speaker of the province's legislative council, M. Amin Syam, asked the government on Monday to change its contract with PT International Nickel Indonesia (Inco) to benefit the province more.

Hashim's Trans-Pacific needs new investors

Hashim's Trans-Pacific needs new investors SINGAPORE (Dow Jones): Partners in a partly built US$2.5 billion petrochemical complex in Indonesia say construction can't resume until new investors are found for the cash-strapped megaproject.