Indonesian Political, Business & Finance News

Archive: 26 October 1998

47 articles found

ABRI to continue safety-net projects

ABRI to continue safety-net projects BANDUNG (JP): Despite having relatively little impact on the national food and unemployment crises, the Armed Forces is to continue its labor-intensive farming projects in villages in its campaign to boost national food stocks. Army Chief of Staff Gen.

Asian currencies to consolidate soon

Asian currencies to consolidate soon SINGAPORE (AFP): Asian currencies face consolidation in the week ahead as markets seek justification for the strengthening of regional units against the greenback, analysts say. They say the consolidation will be evident in the Indonesian rupiah, which rallied last week to a nine-month high and briefly breached the 7,000-to-the-dollar level. "We don't think the rupiah is sustainable above 7,000.

James Riady to sell his California bank

James Riady to sell his California bank SAN FRANCISCO (Bloomberg): James Riady, the Indonesian businessman whose family controls the Lippo group of financial and real estate companies, is in talks to sell his California bank, the bank said. Lippo Bank California, a trade finance and real estate business with about $100 million in assets, said it's in the "final stages of negotiations" to sell itself to another California bank, which it didn't name.

Banned player seeks reduced sentence

Banned player seeks reduced sentence JAKARTA (JP): National soccer team defender Mursyid Effendy asked on Saturday for the All Indonesian Soccer Federation (PSSI) to back his appeal for clemency from the Asian Football Confederation (AFC) which banned him for life from international matches. "I'm going to lodge an appeal for a milder sentence.

Bekasi villages face flooding

Bekasi villages face flooding JAKARTA (JP): Fears are mounting that at least five villages along the Muaragembong coast in Bekasi regency will be heavily inundated during the upcoming rainy season, which is expected to see heavier rainfall than average due to the La Nina phenomenon. Regency spokesman Koko Safrudin said on Saturday the flood- prone villages were Pantai Harapan with a population of 5,005; Pantai Mekar, 4,793; Pantai Sederhana, 3,103: Pantai Bakti, 5,130; and Pantai Bahagia, 4,807.

Maid commits suicide

Maid commits suicide BANDUNG, West Java: An 18-year-old maid committed suicide Saturday after her request for a wage rise was rejected, Antara quoted police as saying here. The maid, Lasmini, who worked for a midwife named Yulia on Jl. Gempol Sari, reportedly hanged herself with a piece of raffia. The teenager who hailed from Kutowinangun in Central Java was found at 10 a.m. in her room by Samuel, 35, the midwife's son.

NU's 4th party established in Jombang

NU's 4th party established in Jombang JOMBANG, East Java (JP): Thousands of supporters of Nahdlatul Ulama witnessed on Sunday the launching of Partai Kebangkitan Umat (Ummah Awakening Party, PKU), born out of disappointment in the previous three NU affiliated parties. Chairman Yusuf Hasyim declared the new party's readiness to contest the general election and said the party was ready to compete with the other NU parties -- the SUNI, the National Awakening Party (PKB) and Nahdlatul Ummat Party.

Doctors rapped for poor treatment of AIDS carriers

Doctors rapped for poor treatment of AIDS carriers JAKARTA (JP): Many medical doctors here appear to be unsympathetic in their treatment of patients with HIV/AIDS, especially women who are about to give birth, says an expert and a social worker.

Warrant issued for ferry owner's arrest

Warrant issued for ferry owner's arrest BANGKOK (DPA): Police in southern Thailand have issued an arrest warrant for the owner of an overloaded passenger ferry that sank in the Gulf of Thailand last Wednesday on charges of carelessness that caused at least 11 deaths, the English-language Bangkok Post reported on Sunday. On Thursday police arrested the ferry captain on the same charges.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Batik Exhibition, at Gedung Departemen Perindustrian, Ground Floor, Jl. Gatot Subroto, 9 a.m. to 5 p.m., until Oct. 28. * Painting Exhibition by Ketut Susena and Hanta Guna, at Mitra Hadiprana, Jl. Kemang Raya 30, South Jakarta (Phone: 7198547), Monday to Saturday, 10 a.m. to 7 p.m., Sunday, 10 a.m. to 6 p.m., until Nov. 8. * Painting Exhibition: The Beauty of Watercolour, at Crowne Plaza Hotel, Jl. Gatot Subroto Kav.

Three bankers face dismissal over land scam

Three bankers face dismissal over land scam JAKARTA (JP): Three top executives of the city-owned Bank DKI are facing the prospect of being fired as an investigation of the fictitious acquisition of 120 hectares of land nears completion, a councilor said last Friday.

People ask for cheap medical bills

People ask for cheap medical bills TANGERANG (JP): The local regency's Social Services Office receives three to five people a day who ask for letters recommending they be given discounts on medical treatment. The office's chief, Teddy Djarkasih, said on Friday that the letters, however, only explain that the bearers come from poor families and suggest the hospitals give a reduction on a patient's medical bills. The decision is then totally up to the hospitals' management, he said.

Regent ready to face lawsuit

Regent ready to face lawsuit TANGERANG (JP): Tangerang Regent Agus Djunara has said that his administration is ready to face any lawsuits from people claiming not to have received compensation when their land was seized to build the Serpong-Bintaro toll road. "We have enough evidence which could prove that we are innocent. Our legal officers have prepared to face any such lawsuits," Agus said on Thursday.

Tradition of mutual help damping the crisis

Tradition of mutual help damping the crisis By Stephen J. Woodhouse JAKARTA (JP): Much has been written about the establishment of a social safety net to protect the poor from Indonesia's ongoing crisis. Unfortunately, a strong impression has been imparted that such a net represents something new.

Subdistrict head election questioned

Subdistrict head election questioned TANGERANG (JP): About 500 residents of Rawa Rengas village in Kosambi district staged a rally at the Tangerang regency office on Saturday to urge Tangerang regent Agus Djunara to investigate deviations in the process of electing the new chief of their subdistrict.

Opposition, rights groups urge Mahathir to resign

Opposition, rights groups urge Mahathir to resign KUALA LUMPUR (AFP): Opposition and human rights groups urged Prime Minister Mahathir Mohamad on Sunday to step down or hold early polls after an outbreak of political violence, but admitted the veteran leader would fight to stay in power.

Banks told to reinstate credit lines

Banks told to reinstate credit lines CHIANGMAI, Thailand (Reuters): More than 100 Southeast Asian bankers called on banks in ASEAN on Saturday to reinstate or establish new credit lines to promote trade in the region. Ending a three-day conference, they also urged governments to launch export financing schemes to help the export sector and said the ASEAN Bankers Association (ABA) would look into establishing an ASEAN bankers' acceptance market.

Dutch trade mission due here

Dutch trade mission due here THE HAGUE (Antara): A group of 20 Dutch businesspeople has left here for Indonesia to explore the country's fish production and exporting capabilities. Evelyne Nusalim, chairwoman of the Association of Indonesian Fish Packers and Exporters in the Netherlands, said most of the delegation members were Dutch importers of fishery products.

Komodo's treasures getting passed by

Komodo's treasures getting passed by By Devi M. Asmarani LABUAN BAJO, East Nusa Tenggara (JP): Labuan Bajo, a small coastal fishing town on the northeastern tip of the island of Flores in East Nusa Tenggara and the surrounding islands which make up Komodo National Park all have good potential for those considering an investment in tourism.

Mahathir will visit Brunei

Mahathir will visit Brunei KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad will make a two-day working visit to Brunei this week, reports said on Sunday. The Sun newspaper said the visit from Thursday is to reciprocate Sultan Hassanal Bolkiah's official visit to Malaysia last year. The premier will also hold bilateral talks with Sultan Hassanal and attend an official dinner at the palace. Mahathir is expected to return home on Friday.

Govt, businessmen argue over ideal level for rupiah

Govt, businessmen argue over ideal level for rupiah JAKARTA (JP): Recent advances made by the rupiah against the U.S. dollar has left the government and the business sector arguing over the ideal level for the currency in the economy's present state. The latest call for a limit to the sharp appreciation of the rupiah came from commodity and furniture exporters, who said the dramatic appreciation of the currency in the money markets had presented them with a serious cash flow problem.

Stock market likely to slide further

Stock market likely to slide further JAKARTA (JP): Shares prices on the local stock market are likely to slide further this week as profit taking may dominate the trading. Securities analysts said on Saturday that the absence of any fresh leads would also push most investors to sideline the trading floor.

Centralization major threat to unity

Centralization major threat to unity With the 70th Anniversary of the nation's Youth Pledge coming up on Wednesday in the midst of a severe crisis threatening national unity, The Jakarta Post asked H.S. Dillon to comment on the current state of the Indonesian nation-state. In addition to being an expert in agricultural trade and development, Dillon is a leader of the Forum for the Fostering of National Unity (Bakom PKB).

DXN to open Indonesian plant

DXN to open Indonesian plant JAKARTA (JP): Herbal medicine producer DXN International of Malaysia is to set up a plant in Cikarang, West Java, to strengthen its business in Indonesia. DXN Indonesia, the Malaysian company's official distributor, said on Saturday that work on the plant costing Rp 4 billion (US$530,000) would start early next year.

Utut in tough group at int'l rapid chess tournament

Utut in tough group at int'l rapid chess tournament JAKARTA (JP): Indonesia's top chess player Utut Adianto faces a tough draw at the Intercontinental Cup rapid chess tournament in Cap d'Agde, France this week.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Environment Program: Pemanfaatan Lahan 3:30 TV Drama: Komitmen 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Educational Quiz: Tangkas Cermat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports: Monitor Olah Raga 6:30 TVRI News (in English) 7:00 Evening News 7:35 Music 8:00 News: Lintasan Berita 8:05 Music 8:30 Belief in God the Almighty 9:00 World News 9:35 Sport...

Exporters' greed and hypocrisy

Exporters' greed and hypocrisy Why has the strengthening of the rupiah against the U.S. dollar to about Rp 7,000 worried our exporters? Is it because the profit they reaped was not enough when the value of rupiah against the U.S. dollar was very weak at Rp 15,000? I am really disappointed with the government's reaction to the appreciation of the rupiah against the U.S. dollar.

Singapore cannot risk 'imposing capital controls'

Singapore cannot risk 'imposing capital controls' SINGAPORE (AFP): Singapore is not in favor of capital controls, such as those imposed in neighboring Malaysia, and such controls can only give brief respite from economic turmoil, Senior Minister Lee Kuan Yew was quoted as saying in news reports Saturday. Malaysia may have a "temporary window of opportunity" to boost its economy through the capital controls it introduced in September, said Lee, as he warned of their ill-effects.

How far can RI credit crunch go?

How far can RI credit crunch go? By Eddy Soeparno JAKARTA (JP): For Indonesia's growing middle class, owning a private means of transportation, be it a motorcycle or a Kijang van, was not so much of a dream when consumer financing became available to a large number of them. Credit was available for a wide range of consumer products, from television sets to water pumps, from personal computers to mobile telephones.

Indonesia export expo ends with $59m in deals

Indonesia export expo ends with $59m in deals JAKARTA (JP): The 1998 Indonesian Export Products exhibition at the Jakarta Fairground ended on Sunday without fanfare but with deals signed worth US$58.9 million. The robust trade recorded by the exhibition's organizing committee contrasted with what many exhibitors said they experienced during the five-day exhibition. Many said they recorded only a few transactions or none whatsoever.

Reckless driver kills two people

Reckless driver kills two people JAKARTA (JP): Two people were killed and 15 others were injured when a speeding Kijang van smashed into a group of people standing in front of Pasar Minggu railway station in South Jakarta late on Friday. Staff at Cipto Mangunkusumo General Hospital identified the fatalities as Mardak, 37, of Pancoran Mas in Depok and Agus Budiarto, 20, of Kebagusan Kecil in South Jakarta. The injured people were street vendors and bystanders.

Parents of shot Trisakti students to meet Wiranto

Parents of shot Trisakti students to meet Wiranto JAKARTA (JP): The parents of four Trisakti University students who were shot dead during a campus rally on May 12, are to meet Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto on Monday to seek further explanation of the incident.

Balinese urged to curb anger over Hindu slur

Balinese urged to curb anger over Hindu slur JAKARTA (JP): Religious and community leaders have called for peace among the Balinese following outbursts of anger over a cabinet minister's remarks about their Hindu religion, citing that certain parties might manipulate the situation to raise the issue of separatism. The religious leaders also believed, however, the government still needed to take firm action against State Minister of Food and Horticulture A.M.

Matahari holds social activities

Matahari holds social activities JAKARTA (JP): Matahari Department Stores, one of the country's major retail business companies, is holding a series of social activities, ranging from providing scholarships to students of poor families to giving used clothes to street children, in conjunction with its 40th anniversary.

PBSI to improve training discipline

PBSI to improve training discipline BANDUNG, West Java (JP): The Badminton Association of Indonesian (PBSI) plans to enforce stricter discipline on shuttlers at the national training camp in Cipayung, East Jakarta, chairman Gen. Subagyo Hadisiswoyo said on Sunday. "The strict discipline is aimed at ensuring that all shuttlers carry out their training seriously and they are always in peak form," Subagyo said after opening a seminar on preparations for the 2000 Sydney Olympics here on Sunday.

Police fire on glove protesters

Police fire on glove protesters MEDAN, North Sumatra: Police fired rubber bullets at factory workers and beat them with batons after strike in North Sumatra on Friday turned violent, leaving nine workers and two riot officers wounded.

Firms drop PLN tender

Firms drop PLN tender JAKARTA (JP): Several suppliers of electricity equipment in North Sulawesi have pulled out of a state electricity company tender due to the low price ceiling offered. Nurdin, a company executive from PLN's Manado office, said on Saturday that the suppliers had in fact won the tender to supply the equipment to the state electricity company's rural power projects in the province but later withdrew after realizing that the price limits set by PLN were below market prices.

Aid too slow in reaching the poor

Aid too slow in reaching the poor JAKARTA (JP): The government will meet with the House of Representatives (DPR) soon to report over the slow realization of a multibillion-dollar social safety net program designed to help the poor in surviving the economic crisis, said the National Development Planning Board chairman Budiono. He said on Friday that Finance Minister Bambang Subianto would represent the government at the meeting.

Bulls gather in Bali

Bulls gather in Bali It was agonizingly close to the 11th hour, so to speak, that the Mother of all Bulls (bull being the symbol of the splintered Indonesian Democratic Party) was permitted to speak to her off- spring in a congress in Bali recently. In contrast, the government favored domesticated bulls of the Soerjadi species, usually got their license presented on a silver tray, and some vitamins to cover expenses.

Soeharto 'corroded' Indonesian language

Soeharto 'corroded' Indonesian language JAKARTA (JP): Political oppression under Soeharto's New Order regime destroyed the function of the Indonesian language -- which was to tell the truth -- and impoverished the people's systematic and creative thinking, according to an expert. "Throughout the New Order era, Indonesian was used by bureaucrats to maintain power by 'eliminating' its function as an instrument of the truth," said Daulat P.

Govt to buy rice and corn

Govt to buy rice and corn JAKARTA (JP): The government has allocated Rp 20 trillion (US$2.6 billion) to buy unhusked rice, corn and soybean during the main harvest in February and April next year, agriculture minister Soleh Solahuddin said on Friday. Soleh was quoted by Antara news agency as saying in Kendari regency, Southeast Sulawesi, that the government would have to purchase the commodities to prevent a sharp drop in prices caused by a glut in supply.

Legislator hopes wounds from military action can be healed

Legislator hopes wounds from military action can be healed JAKARTA (JP): A noted legislator said on Saturday during a visit to Aceh that feelings of vengeance caused by the military operations in the province could hopefully be healed. Antara reported from Banda Aceh that Aisyah Amini, chairwoman of House of Representatives Commission I for political affairs, said the commission welcomed the province's initiative to hold a meeting of various groups in Aceh. "We welcome the plan...

ABRI dual role no longer needed, observers say

ABRI dual role no longer needed, observers say JAKARTA (JP): A previous "national consensus" on the Armed Forces' (ABRI) representation at the House of Representatives (DPR) was obsolete and also in violation of the 1945 Constitution, political observers Marsilam Simanjuntak and Johannes Kristiadi said on Saturday.

Latief defends business accords with Freeport

Latief defends business accords with Freeport JAKARTA (JP): PT ALatief Corporation (ALC) defended on Saturday its business deals with PT Freeport Indonesia, saying that such transactions are normal and fair. "Therefore, we'll take legal measures against those who accuse ALC's business (with Freeport) of smacking of corruption, collusion and nepotism," ALatief Corp president Usman Ja'far said in a statement.

Military Police has yet to file abductors' dossiers

Military Police has yet to file abductors' dossiers BANDUNG (JP): Military investigators have failed to meet their promise of submitting to the military tribunal, by the end of last week, the dossiers of 11 Army's Special Force (Kopassus) soldiers suspected of involvement in the abductions of political activists. Military police chief Maj. Gen.

Proper media organizations needed

Proper media organizations needed JAKARTA (JP): The registration of around 300 new newspapers, weeklies and tabloids at the Ministry of Information has heightened the need for professional associations and unions, journalists and newspaper proprietors said here on Saturday. Speaking at a discussion, Atmakusumah Astraatmadja of Dr.

Asian crisis weighing on China trade

Asian crisis weighing on China trade BEIJING (AP): The Asian financial crisis will slash China's export growth rate this year from a projected 10 percent target to as little as 4 percent, an official newspaper reported Sunday.