Indonesian Political, Business & Finance News

Archive: 14 October 1998

63 articles found

IMF's Neiss sees Asian recovery by late next year

IMF's Neiss sees Asian recovery by late next year SINGAPORE (Agencies): The International Monetary Fund (IMF) expects crisis-hit Asian economies to start growing again in the second half of next year, Hubert Neiss, director of the Fund's Asia-Pacific department, said on Tuesday.

PGN to spend $1b to expand network

PGN to spend $1b to expand network JAKARTA (JP): State gas transmission and distribution company PT Perusahaan Gas Negara (PGN) said on Tuesday that it plans to spend nearly US$1 billion expanding its gas transmission network over the next five years.

Students protest nepotism at MPR/DPR compound

Students protest nepotism at MPR/DPR compound JAKARTA (JP): Hundreds of students staged a peaceful rally in front of the People's Consultative Assembly (MPR)/House of Representatives (DPR) building on Tuesday, demanding the Assembly remove members involved in corruption, collusion and nepotism...

Third day of protests in Dili

Third day of protests in Dili DILI, East Timor: Hundreds of protesters on Tuesday took to the streets here to press for the resignation of the Jakarta- appointed governor.For the third straight day, demonstrators demanded the resignation of Jose Osorio Abilio Soares who was appointed governor of...

New body set up to protect women from violence

New body set up to protect women from violence JAKARTA (JP): The new National Commission on Violence Against Women announced its 21 members on Tuesday and immediately moved to criticize the media coverage of women victims of violence.

Int'l lawyers join call for abolition of ISA

Int'l lawyers join call for abolition of ISA KUALA LUMPUR (Agencies): International human rights lawyers on Tuesday deplored Malaysia's harsh Internal Security Act (ISA) which has been used against detained deputy premier Anwar Ibrahim and other individuals.

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.

Legislators dismissed in reorganization: Observers

Legislators dismissed in reorganization: Observers JAKARTA (JP): Political observers said on Tuesday that the ruling political organization Golkar's decision to dismiss 36 legislators from the House of Representatives (DPR) and five legislators from the People's Consultative Assembly (MPR) was part...

Drivers strike in Kendari

Drivers strike in Kendari KENDARI, Southeast Sulawesi: Hundreds of public transportation drivers entered their second day of a strike on Tuesday, leaving thousands of employees scrambling to find a ride to work.

Local stocks continue to surge, rupiah stable

Local stocks continue to surge, rupiah stable JAKARTA (JP): Share prices on the local market continued to gain ground on Tuesday as the rupiah stayed at the Rp 9,000 level against the U.S. dollar.Stock brokers said the firm rupiah coupled with a relatively calm political situation encouraged...

30 hookers netted in Bogor

30 hookers netted in Bogor BOGOR (JP): Police netted at least 30 prostitutes, including eight transvestites, in a midnight operation here on Monday.Bogor Police chief Lt. Col. Edmond Ilyas said the arrested prostitutes, aged between 12 and 16, were handed over to the local Social Services Agency...

Widespread profit-taking knocks Asian stock markets off beam

Widespread profit-taking knocks Asian stock markets off beam TOKYO (AFP): Investors locked in profits Tuesday on handsome gains notched up by share prices the previous day, cutting short a rally on Asian stock markets that helped lift world bourses.

Delhaize boosts RI presence

Delhaize boosts RI presence BRUSSELS (Bloomberg): Delhaize Le Lion, Belgium's largest retailer, wants at least 50, and preferably 100, supermarkets in Indonesia by 2002, a spokesman told Belgian daily De Standaard Tuesday.

Tunas Perdana suspended

Tunas Perdana suspended JAKARTA (JP): The management of the Jakarta Stock Exchange suspended PT Tunas Perdana Securindo from trading in the exchange for the company's failure to submit a report on its net adjusted working capital.

Inappropriate for Megawati

Inappropriate for Megawati I have been a The Jakarta Post reader since 1987 and always find the paper precise in choosing certain word(s) to illustrate someone or something. But to the best of my understanding, the phrase "the ousted leader" of the Indonesian Democratic Party (PDI) you use to refer...

Typhoon Zeb scrapes past

Typhoon Zeb scrapes past MANILA (AFP): Typhoon Zeb hammered the eastern Philippines with gale-force winds on Tuesday but there were hopes that the country would escape major damage.There were no immediate reports of casualties or damage though school holidays were declared in the eastern and...

Utilization of hospitals in RI below average

Utilization of hospitals in RI below average JAKARTA (JP): A comparative study on hospitals in the Asia- Pacific region released here on Tuesday indicated that the utilization of hospitals in Indonesia was below average.

Radioactive waste management forum

Radioactive waste management forum BANGKOK (AP): Officials from nine East Asian countries began on Tuesday a two-day regional seminar on radioactive waste management to try to establish a future vision and management practices in the field.

Migrant workers robbed on return

Migrant workers robbed on return PURWOKERTO, Central Java (JP): Four newly returned women migrant workers were forced to hand over their money and strip under threats they would be killed on Monday.The women hired a vehicle from two men at the Soekarno-Hatta International Airport after their...

Dairy farmers complain about low price of fresh milk

Dairy farmers complain about low price of fresh milkBy Agus Maryono PURWOKERTO, Central Java (JP): People might think that since the price of milk powder in grocery stores has soared threefold, dairy farmers must be enjoying robust business.That thought is wrong.

Dossiers of 11 soldiers ready for court-martial

Dossiers of 11 soldiers ready for court-martial JAKARTA (JP): Dossiers of 11 members of the Army's Special Force (Kopassus) will be submitted next Tuesday to a court- martial on their role in the abductions and torture of political activists.

Investment may drop 50% this year: BKPM

Investment may drop 50% this year: BKPM JAKARTA (JP): The Investment Coordinating Board (BKPM) predicted on Tuesday that both foreign and domestic investment in the country would fall by 50 percent this year and would remain flat next year.

Stabbed students get donations

Stabbed students get donations JAKARTA (JP): Governor Sutiyoso handed over on Tuesday a donation of Rp 10 million (US$1,111) to two university students who were bayoneted during last month's student demonstration in front of the House of Representatives building in Central Jakarta.

Soeharto's land investigated

Soeharto's land investigated JAKARTA (JP): Minister of Agrarian Affairs/National Land Agency Chairman Hasan Basri Durin said on Tuesday properties owned by former president Soeharto would be confiscated if it was proven they were obtained illegally.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thunder Cats 3:05 TV Series: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Science and Technology 5:30 Education Quiz: Sang Juara 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports...

Local TV programs vie for awards

Local TV programs vie for awards JAKARTA (JP): ANteve's news program Cakrawala, sports program Majalah Olahraga and presenter Monica Desideria have been nominated for this year's Asian Television Awards.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 13, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 25 1,736,500 Alumindo Light Metal 250 0 0 Alumindo Perkasa...

Tapos farmers protest treatment at hands of police

Tapos farmers protest treatment at hands of police JAKARTA (JP): Representatives of farmers from Cibedug, near Tapos, Bogor, visited the National Commission on Human Rights on Tuesday, complaining of torture by police officers the previous day at former president Soeharto's Tri-S Tapos ranch.

Modernland Realty rejects commercial court decision

Modernland Realty rejects commercial court decision JAKARTA (JP): Property firm PT Modernland Realty rejected on Tuesday the commercial court's decision to declare it bankrupt, saying it would appeal to the Supreme Court to nullify the insolvency decision.

Used motorcycles to Nigeria seized

Used motorcycles to Nigeria seized BOGOR (JP): The police have foiled an attempt to smuggle 84 used motorcycles to Nigeria, an official said on Tuesday.During a Sunday night raid on a warehouse on Jl. Cileungsi here, police arrested four members of the smuggling ring, chief detective Maj.

Habibie, Estrada express concern over Malaysia

Habibie, Estrada express concern over Malaysia BATAM, Riau (JP): President B.J. Habibie met his Philippines' counterpart Joseph Estrada here on Tuesday and both expressed mutual concern over the domestic situation in Malaysia.

Soleh admits rice smuggling continuing unchecked

Soleh admits rice smuggling continuing unchecked JAKARTA (JP): Minister of Agriculture Soleh Solahuddin admitted on Tuesday that the smuggling of rice from West Kalimantan to neighboring eastern Malaysia was continuing.

Eradicating corruption

Eradicating corruption We support steps toward the establishment of a government that is clean, strong and free of corruption, collusion and nepotistic practices through better law enforcement in every field.

Indonesia joins leather expo

Indonesia joins leather expo JAKARTA (JP): A number of leading Indonesian leather manufacturers are to join leather producers from 20 countries in the All China Leather Exhibition '98 in Beijing from Nov. 23 to Nov. 26.

Local archers 'lack consistency'

Local archers 'lack consistency' JAKARTA (JP): With just four weeks remaining, the national archery coaches remain doubtful about their team's chances of matching their rivals at the 13th Asian Games, let alone winning medals.

Art Summit schedule

Art Summit schedule Oct. 13-14: Dance, Diez-Diez Danza SL (Spain), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct. 16-17: Music, Tsuchitori Toshiyuki (Japan), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087).Oct.

Rash statements

Rash statementsFrom Sinar PagiThe government and the Armed Forces (ABRI) must realize and be aware that their image, reputation and authority in the eyes of the people and students in general, are experiencing a crisis of confidence.

RI objects to painting

RI objects to painting HANOI (Dow Jones): An ASEAN art show sponsored by the U.S. consumer products conglomerate Philip Morris Cos. has become the subject of controversy in Vietnam, with the Indonesian Embassy trying to block the inclusion of a Singaporean painting at the exhibit.

Six killed as buses crash

Six killed as buses crash BANDARLAMPUNG, Lampung: Six people were killed and 59 injured in a two-bus collision on Monday in North Lampung. It followed a fatal accident in which two died in South Lampung last week.Police spokesman Capt.

RI rowers off to pre-Asiad

RI rowers off to pre-Asiad JAKARTA (JP): Indonesian rowers left the country on Tuesday for the pre-Asian Games in Bangkok, their last trial before competing in the main event in December.National coach Dede Rohmat said that although he had not set any target, the pre-Asiad would give his squad an...

Activists demand Dita's release

Activists demand Dita's release JAKARTA (JP): Some 30 women workers and activists of the Indonesian Prosperous Labor Union (SBSI) staged a protest at the Ministry of Justice to demand the release of fellow activist Dita Indah Sari who is serving a six-year jail sentence at the Tangerang...

JAKARTA (JP): Bank Bali's conversion rates on Oct. 13, 1998:

JAKARTA (JP): Bank Bali's conversion rates on Oct. 13, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,925.00 9,025.00 8,925.00 9,100.00Austrian schilling 1 730.25 800.25 - -Australian dollar 1 5,425.80 5,685.80 5,380.00 5,780.00Belgian franc 1 244.30 269.

World Bank highly unlikely to forgive Indonesian debt

World Bank highly unlikely to forgive Indonesian debt NEW YORK (Dow Jones): The World Bank is highly unlikely to forgive Indonesia's debt, experts said, despite being urged to do so by a former consultant for the U.S. Agency for International Development.

Confusing variations in use of braille to be put in order

Confusing variations in use of braille to be put in order JAKARTA (JP): Experts and educators gathered on Tuesday to inventorize variations in braille used in the country's blind schools as they work toward establishing a national standard.

8 die during Bali convoys

8 die during Bali convoys DENPASAR, Bali: At least eight people were killed and 39 injured in traffic accidents during the congress of Megawati Soekarnoputri's faction of the Indonesian Democratic Party (PDI), which ended here on Saturday..

Office space occupancy rates fall to 80 percent in Jakarta's CBD

Office space occupancy rates fall to 80 percent in Jakarta's CBD JAKARTA (JP): Office occupancy rates in the Jakarta commercial business district (CBD) dropped to around 80 percent or 2.27 million square meters by the end of September, compared to 84.

Mother of six stabbed to death in S. Jakarta

Mother of six stabbed to death in S. Jakarta JAKARTA (JP): A mother of six was found dead with multiple stab wounds in a quiet South Jakarta housing complex on Tuesday morning.Ratna Suryati, 42, was found at 9:30 a.m.

Civil servants' pay and corruption

Civil servants' pay and corruptionFrom KompasThe Indonesian Chamber of Commerce and Industry's chairman, Aburizal Bakrie, said that corruption by civil servants can be eradicated by improving their salaries (Kompas, Sept. 15).

Australia places advert for spies

Australia places advert for spies SYDNEY (AFP): A contractor for Australia's most secretive and high-tech espionage organization has placed a newspaper advert seeking 40 operatives to spy on regional neighbors.

Govt to set up new agency to replace Bulog

Govt to set up new agency to replace Bulog JAKARTA (JP): The government plans to set up a new body by December to replace the State Logistics Agency (Bulog) in another bid to improve the distribution of staple foods in the country, Minister of Industry and Trade Rahardi Ramelan said on Tuesday.

South Korean cities may give up World Cup games

South Korean cities may give up World Cup games SEOUL (AFP): The South Korean government on Tuesday urged some of the 10 cities due to hold matches for the 2002 World Cup finals to give up the games because of the country's economic crisis.

Protests to be allowed near presidential office

Protests to be allowed near presidential office JAKARTA (JP): The House of Representatives and the government agreed on Tuesday that public protests would be allowed at a distance of 100 meters from the fence of the presidential palace.

Communists targeted over murders

Communists targeted over murders JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto warned on Tuesday against exploiting and politicizing the mysterious murder spree in East Java to disrupt national stability.

Guruh to perform at the Spirit of Indonesia

Guruh to perform at the Spirit of Indonesia JAKARTA (JP): Choreographer Guruh Soekarnoputra will present Indonesia's most spectacular traditional and contemporary dances this week, in an effort to enhance Indonesia's flagging image, damaged by the economic and political turmoil that has enveloped...

Ita's murder

Ita's murder I was both upset and angry over the killing of a rape victim counselor, which was reported in The Jakarta Post on Oct. 10.Over the past few months, we have been hearing doubts from both the progovernment people and the military that the rapes had indeed happened, saying that there has...

Anwar's wife seeks inspiration

Anwar's wife seeks inspiration MANILA (AP): The wife of arrested Malaysian dissident leader Anwar Ibrahim says she wants to learn from the Philippines' struggle against the late dictator Ferdinand Marcos to push the democratic reform movement in her country.

Charity bazaar begins on Sunday

Charity bazaar begins on Sunday JAKARTA (JP): Cahaya Ibu social and cultural foundation is to hold a two-day charity bazaar and garage sale beginning on Sunday on vacant land adjacent to the Puri Bersama building on Jl. Radio II in South Jakarta.

Political bills come under fire again

Political bills come under fire again JAKARTA (JP): Two new political parties fiercely criticized on Tuesday the government-sponsored political bills for seeking to furnish the Armed Forces (ABRI) with too much power.

Government to sell 15% of Indosat this fiscal year

Government to sell 15% of Indosat this fiscal year JAKARTA (JP): The government will sell only about 15 percent of state-owned international telecommunications provider Indosat this fiscal year, State Minister of the Empowerment of State Enterprises Tanri Abeng said on Tuesday.

Shoe firm staff nabbed for theft

Shoe firm staff nabbed for theft JAKARTA (JP): The North Jakarta Police on Tuesday arrested nine drivers of a noted export-oriented footwear company for allegedly stealing shoes which were ready to be shipped overseas.North Jakarta Police chief Lt. Col.

JIS community widens coverage of its aid

JIS community widens coverage of its aid JAKARTA (JP): In response to the current economic crisis, the Jakarta International School (JIS) community is striving to expand the coverage of its assistance to needy children throughout Indonesia, an executive of the school said on Tuesday.

RI equity funds outperform overseas funds: Lipper

RI equity funds outperform overseas funds: Lipper NEW YORK (Dow Jones): Pacific rim mutual funds outperformed other world equity funds last week, briefly turning around a year of double-digit losses.Indonesian equity funds took eight of the top 10 positions for the week ending Oct.

Repatriation of earnings not planned

Repatriation of earnings not planned JAKARTA (JP): The capital-flow monitoring mechanism being prepared by the monetary authorities will not force exporters to surrender their hard currency earnings to the central bank, Bank Indonesia Governor Sjahril Sabirin said on Tuesday.