Indonesian Political, Business & Finance News

Archive: 7 October 1998

60 articles found

Spotlight

Spotlight Photo A: German JP/oby GERMAN REUNIFICATION: Former minister of education and culture Wardiman Djojonegoro (right) in conversation with German Ambassador Heinrich Seeman and his wife during a reception at the German embassy. The reception was held on Saturday to mark the 8th anniversary of German reunification.

Hotel Mulia 'not bound to sports development'

Hotel Mulia 'not bound to sports development' JAKARTA (JP): The management of Hotel Mulia Senayan has justified its proposed room rates for participants in the Indonesia Open badminton championships, arguing it has no black- and-white commitment to promote national sports development.

SE Asian currencies show moderate positive gains

SE Asian currencies show moderate positive gains SINGAPORE (Dow Jones): Southeast Asian currencies rose across the board against the U.S. dollar during Asian trading Tuesday, led by moderate to strong gains in the Thai baht, Singapore dollar, Chinese yuan and New Taiwan dollar. Weakness in the U.S. dollar versus the yen Tuesday, rising expectations of further cuts in the U.S.

Malaysia shuns market, seeks sovereign funds

Malaysia shuns market, seeks sovereign funds KUALA LUMPUR (Reuters): Malaysia said on Tuesday it had shelved a plan to tap the international bond market to help finance a US$16 billion economic recovery program but was negotiating to borrow from foreign governments. Special Functions Minister Daim Zainuddin told a business conference the government would also turn to domestic sources to help fund its previously announced 60 billion ringgit ($16 billion) recovery plan for 1998 to 2000.

Contractor sues Patuha Power for $1.3m

Contractor sues Patuha Power for $1.3m JAKARTA (JP): Drilling company PT Boart Longyear has filed a bankruptcy petition against Patuha Power Ltd, the owner of the suspended Patuha power project in West Java, for failing to pay a drilling service fee. Boart Longyear finance manager Bernhard Leode said on Tuesday that the suit was filed in Bermuda on Sept. 25 for US$1.3 million, including interest, in arrears. Boart Longyear is a subsidiary of the West Africa-based Longyear Group.

Hartono elected FSPSI Reformasi chief

Hartono elected FSPSI Reformasi chief JAKARTA (JP): Hartono, chairman of the plantation and agriculture sectoral trade union, was elected president of a splinter faction of the All-Indonesia Workers Union Federation (FSPSI Reformasi) for the 1998/2003 period, in its congress in Cianjur, West Java, on Tuesday.

Fishery exports may net $2.04b

Fishery exports may net $2.04b JAKARTA (JP): Foreign exchange earnings from fishery exports are expected to increase by 7.3 percent to US$2.04 billion this year from $1.9 billion last year, a senior official at the Ministry of Agriculture said on Tuesday. Director General of Fisheries Untung Wahyono said the increase was partly due to the rise in prices and demand for shrimp, tuna and skipjack on the world market.

Sutiyoso vows to clamp down on mayoralty KKN

Sutiyoso vows to clamp down on mayoralty KKN JAKARTA (JP): Governor Sutiyoso vowed on Tuesday to tightly monitor the city's five mayoralties in an attempt to stop collusion, corruption and nepotism in his administration. Speaking to reporters on the replacement of three of Jakarta's mayors, the governor said close supervision of the mayoralties would help decrease the number of public complaints and further improve public services.

Megawati responsible for security in Bali: Habibie

Megawati responsible for security in Bali: Habibie JAKARTA (JP): President B.J. Habibie has told ousted Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri that she is to help ensure security and order during her faction's congress in Bali this week. He reportedly told the eldest daughter of the country's first president that any security disturbances would seriously affect tourism on the island.

Jakarta no longer a safe place to live: Minister, academic

Jakarta no longer a safe place to live: Minister, academic JAKARTA (JP): A minister and a sociologist agreed on Tuesday that Jakarta was no longer a safe or healthy place to live due to its uncontrollable growth and development. Speaking in a seminar to commemorate World Habitat Day 1998, State Minister of Housing and Settlement Theo L.

Wiranto orders stop to killings

Wiranto orders stop to killings JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto said on Tuesday he had instructed East Java police to put a stop to the mysterious killing spree which has claimed more than 100 victims, including Islamic teachers and alleged practitioners of "black magic".

Young snappers display city scenes

Young snappers display city scenes JAKARTA (JP): Five young photographers are displaying works revealing the capital's many facets in a three-week long exhibition which opened last night at Antara's Press Photography Gallery on Jl. Antara No. 59 in Pasar Baru, Central Jakarta.

Two new military command chiefs of staff installed

Two new military command chiefs of staff installed JAKARTA (JP): Brig. Gen. Achmad Yahya and Brig. Gen. Albert Inkiriwang were installed on Tuesday as the new chiefs of staff of the Jakarta Military Command and the Jakarta Garrison respectively. The two were installed by Jakarta Military Commander Maj. Gen. Djadja Suparman, who is also the garrison's commander, in a ceremony held at the command's East Jakarta headquarters. Yahya, who was formerly chief of staff at the garrison, replaced Maj.

RI karate experts want overseas training in Japan

RI karate experts want overseas training in Japan JAKARTA (JP): National karate experts being groomed for the 13th Asian Games in Bangkok in December have urged the National Sports Council to send them for training in Japan. Coach Willem Mantiri told council chairman Wismoyo Arismunandar on Tuesday that the overseas training stint was needed to improve the athletes' fighting spirit in their build up to the Asiad, in which they hope to capture at least one gold medal.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Oct. 6, 1998: TT rates Bank notes rates ------------------------------------------ Buying Selling Buying Selling Rp Rp Rp Rp U.S dollar 1 10,125.00 10,225.00 10,125.00 10,300.00 Austrian schilling 1 844.50 914.50 - - Australian dollar 1 5,820.70 6,080.70 5,810.00 6,185.00 Belgian franc 1 283.25 308.25 - - Brunei dollar 1 - - 6,075.00 6,425.00 Canadian dollar 1 6,315.30 6,595.30 6,300.00 6,700.00 Swiss franc 1 7,371.25 7,651.25 7,095.00 7.695.00...

Three killed in multiple pileup

Three killed in multiple pileup BOGOR (JP): Three people were killed and 12 injured in a chain collision in the Puncak hill resort area in Bogor on Monday evening, a police officer said. Bogor Police chief Col. Hary Setyabudhi told reporters that the accident was caused when the brakes failed on a Gapuraning Rahayu inter-city bus plying the Banjar-Jakarta route. "The bus could not be controlled so it hit vehicles queuing in front of it.

Mashill's merger will be decided later this month

Mashill's merger will be decided later this month JAKARTA (JP): Shareholders of the publicly listed Bank Mashill are to hold an extraordinary meeting later this month to decide the bank's plan to merge with three other local banks.

NGOs say military atrocities also occurred in C. Aceh

NGOs say military atrocities also occurred in C. Aceh JAKARTA (JP): Rights activists alleged on Tuesday that military atrocities occurred in Central Aceh regency -- in addition to those found recently in the regencies of Pidie, East and North Aceh -- when the province was a military operation zone from 1989 to 1998.

Irian separatist leader arrested

Irian separatist leader arrested JAYAPURA, Irian Jaya: Police arrested on Tuesday Theys H. Elvay, who reportedly claimed to be president of the West Papua separatist movement, in a raid at his home in Sentani. Irian Jaya Police chief Brig. Gen. Hotman Siagian confirmed the arrest and said Theys would soon be interrogated. "If he is found guilty he will be jailed along with five other (separatist suspects) who are also undergoing police questioning," Antara quoted him as saying here on Tuesday.

Hate and anger prevail

Hate and anger prevail When I read The Jakarta Post's editorial of Sept. 18, A familiar story, I began reading it with great interest. Not just because of its good and eloquent writing but it also seems that the Post is the only Indonesian paper which gives enough space to the debate of one of the most urgent problems of this nation, which seems to be neglected by many: anti-Chinese riots which occur again and again, with no sign of when these ugly demonstrations of hate and anger will end.

RP, U.S. strike military agreement

RP, U.S. strike military agreement MANILA (AP): Philippine and U.S. officials have concluded a new military agreement to cover visits by Filipino soldiers to the United States, a senior official said on Tuesday. The accord complements an earlier pact, the Visiting Forces Agreement, that would allow the resumption of large-scale joint military exercises in the Philippines, Foreign Secretary Domingo Siazon said.

S'pore, Malaysian police mend ties

S'pore, Malaysian police mend ties SINGAPORE (AP): Singapore police said on Tuesday they had resolved a recent tiff with their Malaysian counterparts, who conducted interviews in the city-state last week without informing authorities here first. Malaysian police came to Singapore five days ago to question journalists at U.S.-owned television network CNBC Asia about how they obtained interviews with jailed politician Anwar Ibrahim and his wife, Azizah Ismail.

Troops man key areas to safeguard Jakarta

Troops man key areas to safeguard Jakarta JAKARTA (JP): While driving along Jakarta's streets these days, it would be difficult not to notice the armed security personnel clad in various uniforms at major intersections or outside large businesses. The troops may come from disparate units, but they are united in a single mission: Safeguard the capital!

RI lands extra quota

RI lands extra quota JAKARTA (JP): Director General of Foreign Trade Djoko Moeljono said on Tuesday the government had secured an additional quota for textile exports to the United States this year and advised exporters to contact his office to get the additional quota. Djoko said the increase was a relief for the local textile industry, which had been pummeled by a slump in domestic demand. He said the original quota to the U.S.

S'pore to send aid to Maluku

S'pore to send aid to Maluku AMBON, Maluku: The Singaporean Red Cross will send about 8,000 packages of basic commodities to Maluku this December, the deputy chief of the Red Cross in Jakarta, Nico Pieter, said on Tuesday. The Singaporean Red Cross is deeply touched by the plight of the province's poor as a result of the economic crisis, he said. The food packages will be distributed to all needy people on Ambon and Ternate islands. (rms)

Many timber firms facing closure

Many timber firms facing closure JAKARTA (JP): Almost half of the country's timber-related companies may call it quits due to growing uncertainty over their business, according to the Indonesian Forestry Society (MPI). MPI's chairman Sudradjat DP said on Tuesday that at least 40 percent of the country's timber-related companies planned to switch to more promising business sectors such as plantations.

ABRI's accountability

ABRI's accountability The current political discourse on the military's sociopolitical role has rarely touched on the question of accountability. Who is the Armed Forces (ABRI) responsible to when it carries out its political role? To whom is it accountable for its actions? Accountability has never been spelled out, let alone discussed, since ABRI assumed its sociopolitical role decades ago.

Raja Singa Bansa: Dayak monarch without power or wealth

Raja Singa Bansa: Dayak monarch without power or wealth By Edi Petebang PONTIANAK, West Kalimantan (JP): Kings are identified with power and wealth. But this is not the case with Raja (King) Singa Bansa, a 27-year-old Dayak monarch. There is no reference in Indonesian history books to him and many of the Dayak themselves do not even know they have a king. But some Dayak, including those in Malaysia, still come to offer tribute and still believe in the king and respect him.

Two die at Pelabuhan Ratu

Two die at Pelabuhan Ratu BOGOR, West Java: Two students from the department of marine technology and science from the Bogor Agriculture Institute (IPB) were found dead on Monday in the waters off the Pelabuhan Ratu beach resort in West Java. Goval Pasaribu, 22, and Akbar, 19 were carried away when they were swimming after a welcome party for first-year students. Andri Nugroho, the coordinator of the student activity, said it was a welcome party for new students that was held every year.

Anonymous threats continue on human rights activists

Anonymous threats continue on human rights activists JAKARTA (JP): Human rights activists working to publicly disclose information on the mass rapes that occurred during the May riots have reported that they are continuing to receive anonymous threats. Members of the Volunteers for Humanity told a media conference at the Indonesian Legal Aid Foundation on Tuesday that they had been receiving threatening phone calls and letters and had been followed.

Sri Sultan sets helping the poor at top of agenda

Sri Sultan sets helping the poor at top of agenda YOGYAKARTA (JP): New Yogyakarta Governor Sri Sultan Hamengkubuwono X set to work on Monday with his top priority being finding ways to help the poor. Sri Sultan said the number of poor people had increased to at least 243,449 according to the current definition of those unable to meet basic needs.

2,000 people loot shrimp ponds

2,000 people loot shrimp ponds CILACAP, Central Java: About 2,000 residents of Laut village in Cilacap looted shrimp ponds belonging to a cooperative of the Nusa Kambangan correctional institution, causing around Rp 350 million (US$32,000) in material losses. Cilacap police chief Lt. Col. Andi Lolo said the people looted the shrimp ponds after an argument between a villager and a correctional institution staff member on Monday night.

Garuda to suffer huge net loss of Rp400b this year

Garuda to suffer huge net loss of Rp400b this year JAKARTA (JP): President of PT Garuda Indonesia Robby Djohan said on Tuesday that he expected the national flagship carrier to incur a net loss of roughly Rp 400 billion (about US$38 million) this year due to the economic crisis. He explained that the crisis, in which the rupiah has lost about 75 percent of its value against the U.S.

Rupiah shoots up to 10,000 against greenback, shares dip

Rupiah shoots up to 10,000 against greenback, shares dip JAKARTA (JP): The rupiah continued to rally for the second consecutive day on Tuesday, rising 5.4 percent to close at 10,000 against the U.S. dollar, currency dealers said. They said market talk on the possibility of more diligent monitoring of capital flows and persistent dollar selling by several state banks contributed to the rupiah's strong standing.

Govt mulls end to barriers on privatization

Govt mulls end to barriers on privatization JAKARTA (JP): The government is considering the removal of regulatory barriers hampering the country's privatization program, a minister said here on Tuesday. State Minister of the Empowerment of State Enterprises Tanri Abeng said a regulation on the operation of state-owned infrastructure companies should be revised to speed up the process of the privatization of such companies.

Insurance council to amend riot coverege

Insurance council to amend riot coverege JAKARTA (JP): The Insurance Council of Indonesia (DAI) will introduce more definitive clauses in damage insurance contracts by November to clear up ambiguity brought to the fore following the May riots. DAI chairman Munir Sjamsoeddin said on Tuesday that the draft of the wording had been sent to the council's members and would be deliberated during a meeting on Oct. 19 for further amendment.

Germany to give aid to Asia greater emphasis

Germany to give aid to Asia greater emphasis JAKARTA (JP): Germany's chancellor-elect, Gerhard Schroeder, plans to place a greater emphasis on foreign aid programs to Asian countries, including Indonesia, and pursue efforts to make the European Union follow suit, a noted German political scientist said on Tuesday.

Asian oil demand rally seen beginning in 1999

Asian oil demand rally seen beginning in 1999 LONDON (Reuters): Battered Asian oil demand will start a slow recovery next year but could still fall just short of the pre- financial crisis levels of 1997, a Reuters survey of analysts found. The poll of eight industry experts found that this year's unprecedented downtrend would give way to mild gains in 1999 and 2000 but nothing like the growth of previous years.

Art Summit schedule

Art Summit schedule 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. Cikini Raya 73, Central Jakarta (Phone: 3154087). Oct. 9-10: Music, Wulan Bamban, Suka Hardjana (Indonesia), GKJ. Oct. 11-12: Theater, Ngeh (Understand), Teater Mandiri (Indonesia), TIM. Oct.

Old citizens predicted to reach 29m in 2020

Old citizens predicted to reach 29m in 2020 JAKARTA (JP): The number of elderly people here will more than double over the next two decades, increasing from 11.3 million, or 6.3 percent of the 1990 population, to 29 million or 11.4 percent in 2020. Legislators, however, do not foresee any social problems resulting from the increase. In a session between Minister of Social Services Yustika S.

Minister tells graduates to become entrepreneurs

Minister tells graduates to become entrepreneurs JAKARTA (JP): State Minister of Research and Technology Zuhal told new university graduates here on Tuesday to become entrepreneurs to cope with the prolonged economic crisis. In his speech delivered during a graduation ceremony for 147 students from the private Indonusa Esa Unggul University, Zuhal said that if they became entrepreneurs, the graduates would create new jobs and help lead the country out of the economic crisis.

Rice swept rice into profit by hard-working market women

Rice swept rice into profit by hard-working market women Text and photos by P.J. Leo JAKARTA (JP): The atmosphere that morning was filled with joy and laughter among a group of women at one of the rice stalls at the Cipinang rice market in East Jakarta. The women, who are mostly single parents (some widowed, the others divorced), work hard for their living.

Indonesia's crisis in 'feng shui' vision

Indonesia's crisis in 'feng shui' vision By Mauro Rahardjo BANDUNG (JP): What is the relationship between the recent Indonesian economic crisis and Feng Shui? Feng Shui, is not associated with the superstitious or mystical belief, but rather a classical Chinese science, which has developed and spread in many countries, including Indonesia. Many predictions from various points of view have been posed, and Feng Shui is just another way of contributing to our understanding of what is happening.

6,000 Irianese suffer from syphilis

6,000 Irianese suffer from syphilis JAYAPURA, Irian Jaya: About 6,000 people in Timika are reportedly suffering from syphilis while four others recently tested positive for HIV (Human Immunodeficiency Virus), Antara said. Steve Wiegnall, head of the public health center of the mining company PT Freeport in Timika, said on Friday that 95 percent of those affected were women. They were undergoing intensive treatment at the company's clinic.

Draft law on deferral of labor law filed with House

Draft law on deferral of labor law filed with House JAKARTA (JP): Minister of Manpower Fahmi Idris has submitted to the House of Representatives a draft law which seeks to defer the enforcement of the manpower law which his predecessor Abdul Latief introduced in 1997 amid allegations of bribery. The draft law, containing two chapters, was submitted to a House plenary session chaired by Deputy House Speaker Ismail Hasan Metareum on Tuesday.

Hoodlum stabbed to death

Hoodlum stabbed to death JAKARTA (JP): A notorious hoodlum from Kramat Jati in East Jakarta was found dead with severe stab wounds near the local market on Tuesday. Police believe that Maskur, 28, was fatally attacked by rival thugs in the area. According to city police spokesman Lt. Col. E. Aritonang, Maskur had suffered stab wounds in the neck, chest and back which were up to 20 centimeters in depth.

EU states its 'deep concern' on Myanmar

EU states its 'deep concern' on Myanmar LUXEMBOURG (AFP): European foreign ministers expressed "deep concern" on Monday about the "deteriorating political and human rights situation" in Myanmar, and urged authorities in Yangon to "take steps towards democracy and national reconciliation." "There have been hundreds of political prisoners taken there," said Austrian Foreign Minister Wolfgang Scheussel, whose country chairs the EU.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct.6, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 48,000 Alumindo Light Metal 250 0 0 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 100 0 0 Aneka Tambang 1,075 -50 6,868,500 Anwar Sierad 75 0 0 Apac Centertex Corp.

Asian marts end mixed, economic worries persist

Asian marts end mixed, economic worries persist SINGAPORE (AFP): Asian stock markets drifted in different directions Tuesday, taking their cue from domestic factors after a widespread sell-off the previous day. Tokyo stocks ended 0.6 percent higher amid hopes of extra economic stimulus and Singapore gained 0.9 percent but Sydney fell almost 1.0 percent amid concerns over offshore markets.

Tran Duc Luong arrives in Thailand

Tran Duc Luong arrives in Thailand BANGKOK (AFP): Vietnamese President Tran Duc Luong arrived here on Tuesday on the first visit to Thailand by a Vietnamese head of state since the two countries established diplomatic relations more than 20 years ago. King Bhumibol Adulyadej welcomed Luong and his delegation of more than 60 officials and businesspeople, while women in traditional dress threw flowers as they walked down the red carpet at Bangkok's main military airport.

MasterCard wants no bias

MasterCard wants no bias JAKARTA (JP): MasterCard International reminded merchants on Tuesday that they should not reject credit cards based on their place of issuance. MasterCard International's senior vice president and general manager for Southeast Asia, Donald Van Stone, said there should be no discrimination against cards from Indonesia, Malaysia and Thailand, all hard-hit by the economic crisis.

Government to revise regulation on forest royalties

Government to revise regulation on forest royalties JAKARTA (JP): The government is to revise the regulation on the collection of forest royalties to give provinces and regencies a larger share of the country's forest revenues. Minister of Forestry and Plantations Muslimin Nasution said on Monday the change was needed to ensure that local people could benefit more from the development of forest resources.

Poor care for elephantiasis

Poor care for elephantiasis AMBON, Maluku: Residents here said they were disappointed by the lack of effort to prevent and cure elephantiasis in the region. "We are disappointed... that until now the health office here has not acted on the results of blood tests taken from 213 residents of Batu Gajah subdistrict in August," a resident, H. Abrahams, said on Monday. The Maluku health agency has reportedly handled similar cases in 38 villages in Maluku, 22 of them in Central Maluku.

ASEAN vows tariff cut on agricultural goods

ASEAN vows tariff cut on agricultural goods MANILA (AFP): ASEAN members pledged Tuesday to speed up import tariff cuts on sensitive products traded within the region, including key agricultural commodities to help rebuild shattered confidence on crisis-hit Asia.

Indonesia Open loses top shuttlers

Indonesia Open loses top shuttlers JAKARTA (JP): Denmark's top singles players Peter Gade Christensen and Camilla Martin have withdrawn from the Indonesia Open badminton championships, organizers said on Tuesday.

Kuntoro denies PLN to opt for force majeure

Kuntoro denies PLN to opt for force majeure JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto denied on Tuesday that state electricity company PT PLN plans to declare force majeure in contracts with its independent power producers (IPP). Kuntoro said the cross-ministerial team formed on Sept. 11 by President B.J.

'Becak' drivers stage rally

'Becak' drivers stage rally JAKARTA (JP): At least 300 becak (pedicab) drivers and owners held a demonstration in front of a city-owned warehouse in Cakung, North Jakarta, on Tuesday to demand the return of vehicles that have been impounded there. Waving banners and posters, the protesters asked the city administration to revoke 1988 City Bylaw No. 11 which bans the man-powered vehicles from operating in the capital.

No World Improvisations to perform at art summit

No World Improvisations to perform at art summit JAKARTA (JP): A two-night performance by four internationally acclaimed musicians grouped in No World Improvisations will provide a compelling experience for both local artists and the audience alike. No World Improvisations will bring music and instruments from three continents into the Taman Ismail Marzuki art center in Central Jakarta when they perform there on Wednesday and Thursday at the Second Art Summit Indonesia 1998.

UNDP assists three cities

UNDP assists three cities MATARAM, West Nusa Tenggara: The United Nations Development Program (UNDP) will this fiscal year provide US$800 million in assistance for urban development in three Indonesian cities. "The three cities are Kendari in Southeast Sulawesi, Bandar Lampung in Lampung, and Mataram in West Nusa Tenggara," the UNDP assistant manager for Indonesia, Lulu Mahamad, said here on Tuesday. She said the assistance would be in the form of cash, training and consultancy.

How the Chinese learned to trade

How the Chinese learned to trade By Agus Widjaja JAKARTA (JP): Ever since the May riots the controversial debate on the income disparity between pribumi (indigenous Indonesians) and Chinese-Indonesians has raged with renewed vigor. Some have argued that the Chinese-Indonesians' entrepreneurial skills are rooted in the preferential treatment accorded them by the country's Dutch colonial rulers.