Indonesian Political, Business & Finance News

Archive: 5 October 1998

55 articles found

Manila helps sugar industry

Manila helps sugar industry BACOLOD CITY, Philippines (DPA): The Philippine government will spend some 40 billion pesos (US$909 million) for a five-year program to rehabilitate its ailing sugar industry."We have launched a modernization plan for the sugar industry.

Police arrest three alleged Ecstasy dealers

Police arrest three alleged Ecstasy dealers JAKARTA (JP): Police arrested three alleged members of a drug- dealing ring early on Saturday and confiscated 2,867 Ecstasy pills, 150 grams of amphetamine-derivative shabu-shabu, two drug processing machines and Rp 390 million (US$35,454) in cash.

Stock market set to remain bearish

Stock market set to remain bearish JAKARTA (JP): Stock prices in the local market are expected to plummet further this week in line with the global market's bearish trend.The rupiah, however, is likely to continue gaining more leverage with the slight improvement in the country's monetary...

ABRI should drop its political role

ABRI should drop its political role As Indonesia celebrates the 53rd anniversary of its Armed Forces (ABRI) today, political sciences lecturer Mochtar Mas'oed of Gadjah Mada University in Yogyakarta stresses the necessity to realign the political role of ABRI to accelerate the democratization...

Death toll in E. Java killing may rise to 100

Death toll in E. Java killing may rise to 100 JAKARTA (JP): The death toll of murdered people in East Java's mysterious killings may soon rise to more than 100, given reports that eight people have been found dead in similar circumstances in Jember regency.

Are there alternatives to ABRI's dual function?

Are there alternatives to ABRI's dual function?By Aleksius Jemadu BANDUNG (JP): As public criticism mounts against the Armed Forces' (ABRI) socio-political role, it is worth looking into alternatives to its current dual function policy.

Bulog to auction wheat stocks to private firms

Bulog to auction wheat stocks to private firms JAKARTA (JP): The State Logistics Agency (Bulog) will auction about 900,000 metric tons of wheat flour from its stocks to private companies following the removal of the government's subsidy on the commodity.

ASEAN to hasten tariff cuts

ASEAN to hasten tariff cuts MANILA (Reuters): Members of the Association of South East Asian Nations (ASEAN) are planning to hasten economic integration and tariff cuts on 3,000 products to spur trade within the crisis-hit region, a senior Philippine official said on Friday.

Rp 13.5b paid by social security

Rp 13.5b paid by social security TANGERANG (JP): The local office of state social security agency PT Jamsostek has paid out Rp 13.51 billion to 2,649 members in the first nine months of the year, its chief said on Friday.Salim R.H.

Wiranto promises new ABRI style

Wiranto promises new ABRI style JAKARTA (JP): The Armed Forces (ABRI) celebrates its 53rd anniversary on Monday by taking a hard look at its image, pledging solutions to some rights violations, and pleading against being seen as "cruel murderers and destroyers" who inflicted suffering on people.

Will we still need overland phone line in future?

Will we still need overland phone line in future?By Zatni Arbi JAKARTA (JP): Even today, getting a new phone line from our PT Telkom can be as difficult as giving the cat a full bath. The installation cost may have dropped significantly in the past few years and the services have improved a lot,...

Nichimen to import RI logs

Nichimen to import RI logs OSAKA (Nikkei): Nichimen Corp. will resume importing logs from Indonesia, company sources said Friday, according to The Nihon Keizai Shimbun Saturday morning edition.The transaction will be the first Japanese trading firm to do so in 13 years, the newspaper said.

Tycoon tells graduates to find jobs in villages

Tycoon tells graduates to find jobs in villages JAKARTA (JP): Business tycoon Ciputra told fresh university graduates on Saturday to seek jobs in villages and areas outside Java as many of those places were less seriously affected by the severe economic crisis.

Officials warn Jakartans against tempting thieves

Officials warn Jakartans against tempting thieves JAKARTA (JP): Governor Sutiyoso and City Council Speaker Edy Waluyo warned Jakartans on Friday not to make ostentatious displays of wealth in public areas due to a growing number of violent robberies in the capital.

Bambang says inflation rate will drop sharply

Bambang says inflation rate will drop sharply WASHINGTON (Dow Jones): Indonesian Finance Minister Bambang Subianto said Friday Indonesia's rate of inflation will drop sharply in coming months and that since June the base money supply, Indonesia's key monetary indicator, has shown no growth.

More retired servicemen join Megawati's PDI camp

More retired servicemen join Megawati's PDI camp JAKARTA (JP): As the Megawati Soekarnoputri faction of the Indonesian Democratic Party (PDI) continues to prepare for its planned party congress in Bali, more retired Armed Forces (ABRI) officers and national figures have joined and pledged their...

Govt limits rattan exports

Govt limits rattan exports JAKARTA (JP): A new regulation has limited exports of processed rattan and sawn timber in a bid to protect local companies.Only designated types of processed rattan can be exported under a decree issued by Minister of Trade and Industry Rahardi Ramelan last week.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Bias-Bias Akuarel, at the Hilton Executive Club, Jl. Gatot Subroto, South Jakarta, 10 a.m. to 9 p.m., until Oct. 9. * Painting Exhibition: Ungkapan Dunia-Dalam, by Nasirun and Pupuk DP., at Galeri Santi, Jl. Benda No.

Govt seen printing more money to recapitalize banks

Govt seen printing more money to recapitalize banks SEMARANG (JP): Economist Sri Mulyani Indrawati predicted Saturday that the government would have no other choice but to print more money to recapitalize ailing banks.

Dayak, Madurese relations still tense

Dayak, Madurese relations still tense MENJALIN, West Kalimantan (JP): "Dayaks are just like bees. Disturb one of them and the whole nest will react," explains one Chinese-Indonesian in Sei Pinyuh, some 50 kilometers north of the provincial capital, Pontianak.

Australia's Cini rules the RI motocross roost

Australia's Cini rules the RI motocross roost BOGOR, West Java (JP): Adam Cini of Australia outwitted local riders by capturing the 125cc and 250cc titles on his Indonesian motocross championships debut at the Lido circuit here on Sunday.

Spouses told to help ministers in crisis

Spouses told to help ministers in crisis JAKARTA (JP): First Lady Hasri Ainun Habibie urged the wives of ministers of the Reform Development Cabinet on Saturday to help the government in overcoming the current economic turmoil.

Art Summit schedule of events

Art Summit schedule of events Oct. 6-7: Dance, Kembang Sampah (Garbage Flowers), Miroto (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct. 7-8: Music, No World Improvisations, Jin Hi Kim (USA), Taman Ismail Marzuki (TIM), Jl.

Japanese tourist dies rafting

Japanese tourist dies rafting JAKARTA (JP): A 24-year-old Japanese tourist, Fusano Tominaga was killed last month when the white-water rafting boat he rented with four friends capsized on the Ayung river in Carangsari village, Bali.Tominaga's body was found on Sept. 24, one day after the incident.

Separatists protest in Manokwari

Separatists protest in Manokwari JAKARTA (JP): Security personnel fired warning shots to disperse 500 separatists as they tried on Saturday to enter the pier area of the port of Manokwari, on the northwest tip of the mineral-rich province of Irian Jaya, Antara reported on Saturday.

PAL confirms it's to take off again

PAL confirms it's to take off again MANILA (AP): Philippine Airlines publicly announced Sunday it was reopening after forging a no-strike deal with its largest union, though militant workers vowed to continue opposing the deal.

Management consultants find their market wilting

Management consultants find their market wilting JAKARTA (JP): Local management consultancies are suffering a sharp downturn in revenue because businesses have phased out their usual spending on their services in the crisis, a top industry executive has said.

Rate ceiling for Oct. 5 - Oct. 11

Rate ceiling for Oct. 5 - Oct. 11 Time deposit Maximum rate Maximum rate Rp deposit (%) $ deposit (%)-------------------------------------------------1-month 66 153-month 61 156-month 50 1512-month 48 1524-month 29 18 Maximum overnight rate for rupiah : 52 percentMaximum overnight rate for U.S.

Number of poor people in Nusa Tenggara rises

Number of poor people in Nusa Tenggara rises JAKARTA (JP): The number of poor people in East and West Nusa Tenggara is on the rise, but distribution of cheap rice to them is pending a decision from the National Family Planning Development Board, an official has said.

Journal provides medical assistance

Journal provides medical assistance JAKARTA (JP): Intisari monthly provided medical services on Saturday to 500 families from Palmerah subdistrict and its surrounding area in Central Jakarta.Held at the Bentara Budaya building complex on Jl.

UPS expects larger share in courier market

UPS expects larger share in courier market JAKARTA (JP): U.S.-based express parcel company United Parcel Service (UPS) is targeting 35 percent of Indonesia's market share next year despite its relatively recent entry into the country.

Too broke to renovate school

Too broke to renovate school TANGERANG (JP): Hundreds of students at state elementary school SDN 5 in Teluk Naga district here have been forced to attend school in much smaller classrooms over the last two years following the collapse of three of the school's six classrooms.

Liquidity matters in the end

Liquidity matters in the endBy Eddy Soeparno JAKARTA (JP): It is now clear that relying on foreign money has its costs. The Asian miracle, characterized by the economic boom in the region over the past two decades was undoubtedly nurtured by unprecedented flows of capital.Even U.S.

Clouds of unrest still hang over West Kalimantan

Clouds of unrest still hang over West Kalimantan West Kalimantan has drawn national attention twice this year. In May, a significant number of Chinese-Indonesians fleeing Jakarta's May turmoil sought shelter in the province, known to be traditionally accepting of them despite tensions between other...

Tracking wealth

Tracking wealth Those seriously (as opposed to farcically) investigating the wealth of the New Order president, his family, ministers, other officials, and associates, and of his successor and his family, ministers, other officials, and associates, should send someone to Manila to talk to those who...

History of French comics no laughing matter

History of French comics no laughing matterBy Izabel Deuff JAKARTA (JP): Foreign comic strips are quite popular here. Both children and adults enjoy reading them, and it is no secret that most people prefer foreign comics to local ones.

Kadin urges foreign creditors to be forgiving

Kadin urges foreign creditors to be forgiving JAKARTA (JP): Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Aburizal Bakrie said on Saturday that providing debt forgiveness to the country's indebted private sector would be the best way to settle some US$64 billion in overseas...

Bali to have tourist tabloid

Bali to have tourist tabloid DENPASAR: The Bali Post is planning to publish an English- language tabloid called Bali Travel News by the end of this year.I Gde Wirata, chief of the Indonesian Hotel and Restaurant Association (PHRI) chapter in Bali, said the tabloid would provide access to...

Whereabouts of missing activists still a mystery

Whereabouts of missing activists still a mystery JAKARTA (JP): Mystery remains over the whereabouts of 14 missing activists because the Armed Forces (ABRI), which has been battered by revelations of alleged serious human rights abuses, can no longer afford the disclosure of any past wrongdoing,...

ABRI at 53 years old

ABRI at 53 years old ABRI, the Armed Forces, celebrates its 53rd anniversary today against a backdrop of declining public popularity.The new reality is that people are extremely disappointed with the excessive implementation of ABRI's right, bequeathed to it by the Soeharto regime, to intervene in...

Upholding the law

Upholding the law Investigations into practices of corruption, collusion and nepotism (KKN) in the judiciary is of the greatest importance. KKN was suspected of being widely practiced in this institution many years ago, long before anyone dared to speak up openly about investigating Soeharto's...

Banks' reserves at BI jumps to Rp 19.79t

Banks' reserves at BI jumps to Rp 19.79t JAKARTA (JP): Commercial banks' deposits with Bank Indonesia (BI) expanded by Rp 1.3 trillion (US$120 million) to Rp 19.79 trillion in the week ending Sept. 30.The central bank said in its latest weekly report that the increase reflected an improvement in...

Donations to poor students

Donations to poor students JAKARTA (JP): Students at the Gandhi Memorial International School handed over on Friday a donation of Rp 20 million (US$1,800) to poor students under the National Charity Movement (GN-OTA) to enable them to continue their studies.

Madurese toil for a better lot in life

Madurese toil for a better lot in life SIANTAN, West Kalimantan (JP): Here is an ordinary town on the bank of the Kapuas river, the main business artery in the province.It is a town around which the Madurese -- who number 80,000 of the province's four million inhabitants -- are mostly concentrated.

BMW to make Thailand its regional hub

BMW to make Thailand its regional hub BANGKOK (AFP): German automaker BMW AG announced plans Saturday to build cars in Thailand, with the aim of turning the country into its regional manufacturing hub.Executives from the firm officially launched two new companies to make and export cars, but warned...

Student plan to topple Habibie condemned

Student plan to topple Habibie condemned JAKARTA (JP): Politicians, religious leaders and observers expressed alarm at the weekend over the stated support of the National Front -- an association of retired generals, officials and ex-Golkar leaders -- for student activists' 40-day campaign to force...

Investigating Soeharto's wealth

Investigating Soeharto's wealth The government, i.e. the Attorney General's office, has started a probe into former president Soeharto's wealth, but I think the method being used is very sluggish. Apparently the government is not sufficiently serious about this matter.

Corruption in Indonesia

Corruption in Indonesia While The Jakarta Post articles of Mr. Jeffrey A. Winters, U.S. Northwestern University professor, and author, Mr. Sri Pamoedjo Rahardjo, former regional development bank officer, Indonesian World Bank country director, Mr. Dennis de Tray, and others (i.e.

Police arrest hashish 'mafia'

Police arrest hashish 'mafia' LHOKSEUMAWE, North Aceh: Police here arrested eight people with suspected links to a hashish syndicate and confiscated around 32 kilograms of hashish in a raid on Saturday.Local police chief Lt. Col.

Habibie mulls APEC attendance: Paper

Habibie mulls APEC attendance: Paper BANGKOK (Agencies): Indonesian President B.J. Habibie was quoted on Sunday as saying he was "very concerned" about the reported treatment of sacked Malaysian minister Anwar Ibrahim and would have to consult the House of Representatives on whether to attend...

McDonald's workers leave for Kuwait

McDonald's workers leave for Kuwait JAKARTA (JP): Thirty-nine employees and managers of McDonald's Indonesia left for Kuwait on Saturday to work at McDonald's Kuwait.McDonald's Indonesia president Bambang N. Rachmadi said the workers had been trained and had worked for two years at his outlets.

Opposition voiced to plan to relocate brawling residents

Opposition voiced to plan to relocate brawling residents JAKARTA (JP): Criminologists disagree with a city administration idea to relocate communities stricken by chronic outbreaks of violence between rival groups.Speaking to The Jakarta Post on Saturday, criminologists Mulyana W.

Medan students protest by hanging themselves

Medan students protest by hanging themselves MEDAN (JP): Fourteen students at St. Thomas Catholic University used a novel, albeit very dangerous, way to protest what they perceived as the government's sluggish handling of the economic crisis. They hanged themselves until they passed out.

Lubricant producers against import freedom

Lubricant producers against import freedom JAKARTA (JP): The Association of Indonesian Lubricant Producers (Aspelindo) has expressed concern over the government's plan to ease restrictions on lubricant imports.

Govt urged to give income supplement

Govt urged to give income supplement JAKARTA (JP): The government should provide an income supplement to the needy, instead of subsidized food staple, in a bid to encourage diversification of staple foods, agriculture analysts suggested on Sunday.