Indonesian Political, Business & Finance News

Archive: 7 October 1998

60 articles found

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 10,300.00Austrian schilling 1 844.50 914.50 - -Australian dollar 1 5,820.70 6,080.

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.

Raja Singa Bansa: Dayak monarch without power or wealth

Raja Singa Bansa: Dayak monarch without power or wealthBy 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.

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...

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).

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.

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.

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.

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.

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.

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...

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.

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...

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.

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.

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.

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.

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.

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.

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".

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.

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.

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.

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.

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,...

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.

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.

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.

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.

Spotlight

SpotlightPhoto A: GermanJP/obyGERMAN 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.

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.

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.

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.

'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.

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).

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.

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.

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...

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.

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...

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.

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.

Stock Exchange

Stock ExchangeStock 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...

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.

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.

How the Chinese learned to trade

How the Chinese learned to tradeBy 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.

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.

Indonesia's crisis in 'feng shui' vision

Indonesia's crisis in 'feng shui' visionBy 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...

Rice swept rice into profit by hard-working market women

Rice swept rice into profit by hard-working market womenText 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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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...