Indonesian Political, Business & Finance News

Archive: 12 November 1998

64 articles found

'BBC' invites radio plays for int'l competition

'BBC' invites radio plays for int'l competition JAKARTA (JP): BBC World Service has launched Writer Around the World, its sixth International Playwriting Competition -- run this year in conjunction with The British Council.

Fashion looks to used phone cards, coconuts

Fashion looks to used phone cards, coconutsBy Stevie Emilia JAKARTA (JP): What will people wear in the future? Forget chic or elegant dresses made out of silk or chiffon. The answer is plastic, newspapers, coconut shells and even used telephone cards.

Stronger rupiah masks a dangerous economic paradox

Stronger rupiah masks a dangerous economic paradox The rupiah is strengthening in value despite deterioration in the Indonesian economy. Economist Kwik Kian Gie discusses the paradox inherent in the recent performance of the currency. JAKARTA (JP): The rupiah strengthened to Rp 7,600 against the U.

MPR members hail Ciganjur declaration

MPR members hail Ciganjur declaration JAKARTA (JP): Members of the People's Consultative Assembly (MPR) hailed on Wednesday a declaration by four popular prodemocracy figures while disagreeing over the demanded deadline for the establishment of a new government and the phasing out of the Armed...

Wanakerta women fluff their way for a living

Wanakerta women fluff their way for a livingBy Agus Maryono and Ngudi Utomo PURBALINGGA, Central Java (JP): The woman and her two teenage children could not stop sneezing as heaps of kapok floated in the air around them. Even the afternoon downpour did not dampen their working spirit.

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Photo Exhibition: Images d'Europe by Jean-Christophe Ballot, at CCCL - French Cultural Center Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8:30 p.m., until Nov. 28.Film * French Film, at CCCL - French Cultural Center Jl.

Australian firm may invest in Bogasari

Australian firm may invest in Bogasari MELBOURNE (Bloomberg): AWB Ltd., the monopoly exporter of Australian wheat, is interested in investing in PT Bogasari Flour Mills, Indonesia's largest flour miller, Chairman Trevor Flugge said.

Wiranto guarded on ABRI's political role

Wiranto guarded on ABRI's political role JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto trod cautiously on Wednesday over mounting demands that the military end its presence in the House of Representatives (DPR) and regional legislative councils.

Court rejects claim in exile libel case

Court rejects claim in exile libel case SINGAPORE (Reuters): The wife of a self-exiled Singapore opposition leader claiming compensation for having her assets frozen by government leaders had her case rejected by the High Court on Wednesday.

Korean president leaves for China

Korean president leaves for China SEOUL (AP): President Kim Dae-jung left for China on Wednesday, hoping to persuade it to boost trade with South Korea and help bring rival North Korea to peace talks.Economic cooperation is at the top of the agenda when Kim meets with Chinese President Jiang Zemin...

Man nominates self for president

Man nominates self for president JAKARTA (JP): A 70-year-old man from Bandung, the capital of West Java, has named himself Indonesia's next president, declaring his readiness to compete with other candidates in the ballot.

Civilian security personnel

Civilian security personnel In the current increasingly heated situation, it is suspected that the Armed Forces (ABRI) created a situation in society where one side fights against the other. Correct?Why did ABRI deploy (armed) civilian security personnel to safeguard the Special Session of the...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 11, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,700.00 7,800.00 7,700.00 7,900.00Austrian schilling 1 607.20 677.20 - -Australian dollar 1 4,694.75 4,954.75 4,666.00 5,016.00Belgian franc 1 203.

At least five workers die in Lampung dam accident

At least five workers die in Lampung dam accident BANDAR LAMPUNG, Lampung (JP): At least five workers of a dam project at Tanggamus regency have been found dead and nine others remained trapped on Wednesday after a concrete framework they were building caved in two days earlier.

Ooq searches for truth through his works

Ooq searches for truth through his worksBy Amir Sidharta JAKARTA (JP): While the general public has only recently questioned the validity of the Surat Perintah 11 Maret (the 11 March Order) -- popularly known as Supersemar, and the events that led to the final days of Sukarno's life, the late Pak...

The people have spoken

The people have spoken While the People's Consultative Assembly (MPR) was beginning its four-day Special Session on Tuesday, the country's leading opposition politicians saw fit to remind the nation that the reform movement was still very much alive.

Indonesian-U.S. business meet

Indonesian-U.S. business meet JAKARTA (JP): The United States Committee of the Indonesian Chamber of Commerce and Industry (Kadin) met here on Wednesday with two leaders of the American Chamber of Commerce discussing cooperation in the development of small and medium-scale enterprises and...

IMF satisfied with new timetable for bank debts

IMF satisfied with new timetable for bank debts JAKARTA (JP): The International Monetary Fund's (IMF) Asia Pacific director Hubert Neiss expressed satisfaction on Wednesday over the new repayment scheme for a large proportion of more than Rp 141 trillion (US$18 billion) in government loans injected...

Federal Motors is seeking debt delay

Federal Motors is seeking debt delay SINGAPORE (Dow Jones): Indonesia's PT Federal Motors, the main motorcycle-producing unit of giant conglomerate PT Astra International, is seeking to have debt payments falling due this year extended for three years, a company director said Wednesday.

Legislator loses out on plenary session

Legislator loses out on plenary session JAKARTA (JP): Andi Matalatta, chairman of the Golkar faction in the House of Representatives, missed the plenary session of the People's Consultative Assembly on Tuesday because no seat was prepared for him."I found no seat prepared for me so I went out.

ABRI's persistence

ABRI's persistenceFrom RepublikaThe Armed Forces' (ABRI) persistence in maintaining a presence in the People's Consultative Assembly/House of Representatives as well as their dual function role is very impressive.

'Civilian guards' consist mainly of out of town jobless

'Civilian guards' consist mainly of out of town jobless JAKARTA (JP): Many of the civilian guards whose recruitment has sparked controversy during this week's four-day Special Session of the People's Consultative Assembly (MPR) consist of unemployed people from cities across Java.

Sell-off and oil exports boost foreign reserves

Sell-off and oil exports boost foreign reserves JAKARTA (JP): Indonesia's foreign reserves rose in the first week of November, boosted by oil exports and the sale of a stake in state-owned cement maker PT Semen Gresik.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov.11, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 32,000 AHAP Insurance 400 0 0 Alter Abadi 250 -25 85,000 Alumindo Light Metal 275 25 286,500 Alumindo...

Family members die in landslide

Family members die in landslide MANADO, North Sulawesi: A 66-year-old widow and her 14-year- old granddaughter died when an early morning landslide buried their home in the Kleak subdistrict of Malalayang on Tuesday. Two other grandchildren were injured.

Mediocre archery results due to lack of competition

Mediocre archery results due to lack of competition JAKARTA (JP): The newly appointed chairman of the Indonesia Archery Association, Hayono Isman, blamed a lack of competition as the main factor for the national athletes' bad results during a two-day simulation for the 13th Asian Games that ended...

Australian veto of RI food itams 'hurts exports'

Australian veto of RI food itams 'hurts exports' JAKARTA (JP): The Australia quarantine authority's rejection of several food imports from Indonesia over the past few years is a blow to the confidence of the latter country's exporters, a report says.

Six detainees make an escape

Six detainees make an escape TANGERANG (JP): Six detainees fled from Ciledug police subprecinct detention center on Tuesday night after taking advantage of lax security arising through distractions presented by the Special Session of the People's Consultative Assembly.Tangerang Police chief Lt. Col.

Settling the foreign debt snag

Settling the foreign debt snagBy Laksamana Sukardi JAKARTA (JP): Indonesia's private foreign debt burden must be dealt with expeditiously. One of the most important prerequisites for recovery of the Indonesian economy is the settlement of this debt incubus.

Mandela, others set to be at ASEAN meet

Mandela, others set to be at ASEAN meet HANOI (Reuters): Japanese Prime Minister Keizo Obuchi and South Korean President Kim Dae-jung will attend next month's summit of the Association of South East Asian Nations (ASEAN) in Vietnam, diplomats said on Wednesday.

PPP takes tough stance at the session

PPP takes tough stance at the session JAKARTA (JP): The United Development Party (PPP) left on Wednesday a strong mark during the plenary session by presenting a tough stance on controversial issues such as the probe into Soeharto's wealth, and apologizing to the nation for failure to fight...

Japan aids rice production

Japan aids rice production JAKARTA (JP): The Japanese government has agreed to provide Rp 1.7 billion in soft loans to boost Indonesia's rice, corn and soybean production, according to a senior official at the Ministry of Agriculture.

Wiranto defends security volunteers

Wiranto defends security volunteers JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto justified the use of civilian security guards on Wednesday and said they would not have been recruited if there had not been threats to disrupt the Special Session of the...

Nusa Dua to hold arts festival

Nusa Dua to hold arts festival DENPASAR, Bali: At least 25 art groups from Bali and two from Jakarta and Central Java will take part in a week-long arts festival starting on Nov. 25 in Nusa Dua, head of the Bali Tourism Office, Ida Bagus Pangjaya, said on Tuesday.

Students get scholarships

Students get scholarships JAKARTA (JP): At least 900 students of elementary and junior high schools from Jakarta and 14 other cities in West, Central and East Java received scholarships worth Rp 439 million from PT Bayer Indonesia on Monday.

Rice harvest may be hit by La Nina

Rice harvest may be hit by La Nina JAKARTA (JP): The La Nina weather phenomenon may cut rice production in 10 provinces as excessive rains induced by an unusual cool climate could delay or affect rice harvests in the areas next year, a senior government official at the Ministry of Agriculture said...

13 soldiers abducted in E. Timor

13 soldiers abducted in E. Timor DILI, East Timor (JP): Besides killing three soldiers and stealing guns, rifles and ammunition, members of the Falentil resistance movement abducted 13 other soldiers in an attack on military headquarters in Alas subdistrict, Manufahi, on Monday.

Two more alleged 'ninjas' die at the hands of mobs

Two more alleged 'ninjas' die at the hands of mobs SEMARANG, Central Java (JP): The province has witnessed the beatings of four more people accused of being "ninjas" in different incidents in Temanggung, Pemalang, West Semarang and Grobogan.

Bullish market sentiment continues despite clashes

Bullish market sentiment continues despite clashes JAKARTA (JP): The bullish sentiment in the country's financial markets continued yesterday despite reports of clashes between soldiers and students.The rupiah strengthened to end the day at 7,750 against the U.S.

Men's doubles Candra, Tony want fixed partnership

Men's doubles Candra, Tony want fixed partnership JAKARTA (JP): Top Indonesian men's doubles player Candra Wijaya said on Wednesday he needed time to settle into a partnership with Tony Gunawan after Sigit Budiarto's self-imposed break from the sport over alleged drug use.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting Exhibition: Different Visions, by Frans Nadjira, Charles Cham, Budhiana, Aant S. Kawisar, at Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010), daily, 12 p.m. to 8 p.m., until Dec. 3.

Album

AlbumPhoto A: GeneralsJP/msaGENERAL WHISPER: Armed Forces (ABRI) Chief Gen. Wiranto (extreme left) and ABRI Chief of Sociopolitical Affairs Lt. Gen. Susilo Bambang Yudoyono (center) listen attentively to Army Chief of Staff Gen. Subagyo Hadisiswoyo.

S'pore panel advises major busines moves

S'pore panel advises major busines moves SINGAPORE (AFP): A high-level committee on Wednesday recommended sweeping business cost-cutting moves worth an estimated S$10 billion (US$6.06 billion) a year to help Singapore ride out its recession.

S'pore relaxes card curbs

S'pore relaxes card curbs SINGAPORE (AFP): The Monetary Authority of Singapore (MAS) has lifted curbs restricting credit card issuers from tie-ups in incentive programs with merchants, the Straits Times reported Wednesday.

Factions agree on probe into Soeharto wealth

Factions agree on probe into Soeharto wealth JAKARTA (JP): Four of five factions in the People's Consultative Assembly (MPR) openly urged the government during the general view session on Wednesday to intensify its drive to probe the wealth of former president Soeharto and his family.

Yen's rebound drives Asian currencies

Yen's rebound drives Asian currencies SINGAPORE (Dow Jones): Southeast Asian currencies snapped back from Tuesday's lows during Asian trading on Wednesday, boosted by the yen's rebound against the U.S. dollar.

Political bills offer no guarantee of fair polls

Political bills offer no guarantee of fair polls The government has delivered three political bills to the House of Representatives (DPR), which is expected to deliberate them after the current Special Session of the People's Consultative Assembly (MPR).

BII rating downgraded

BII rating downgraded HONG KONG (Dow Jones): Thomson BankWatch announced Wednesday it has downgraded PT Bank Internasional Indonesia's short-term local currency debt rating to LC-4 from LC-3."Bank Internasional Indonesia's performance has deteriorated sharply in the dire environment facing all of...

Street-fighting children trained for improvement

Street-fighting children trained for improvement PURWAKARTA, West Java (JP): A group of 26 students from three high schools in Jakarta frequently involved in street brawls have joined a free eight-day outdoor physical and mental training course here beginning Monday.

RP military okays more hostage talks

RP military okays more hostage talks ZAMBOANGA CITY, Philippines (DPA): The military temporarily scrapped plans to launch an assault to free five foreigners being held hostage by kidnappers in the southern Philippines, opting for negotiations instead, an official said on Wednesday.

Opposition leaders' meeting welcomed as rare opportunity

Opposition leaders' meeting welcomed as rare opportunity JAKARTA (JP): A declaration drawn up by four popular figures on Tuesday was well received by political observers on Wednesday as a rare opportunity to build an alternative national leadership.

Journalists protest beating of photographers

Journalists protest beating of photographers JAKARTA (JP): More than 200 journalists staged on Wednesday a protest at the People's Consultative Assembly (MPR) against the beating by security personnel of three photo journalists during a student demonstration on Jl. Imam Bonjol in Central Jakarta.

S'pore gas deal still on despite Gulf disagreement

S'pore gas deal still on despite Gulf disagreement JAKARTA (JP): State oil and gas company Pertamina said on Wednesday that a land dispute involving its gas contractor Gulf Indonesia Resources Ltd. in South Sumatra should not affect its deal to supply natural gas to Singapore's PowerGas.

Assembly factions agree on 12 draft decrees

Assembly factions agree on 12 draft decrees JAKARTA (JP): All five factions in the People's Consultative Assembly (MPR) agreed to a package of 12 draft decrees on Wednesday, but it was Golkar that stole the show for attempting a complete breakaway from its past.

TV today

TV todayTVRI 6:00 a.m. Morning News 7:00 Music 7:30 News: Nuansa Reformasi 8:00 Music 8:15 Talk Show: Dialog 9:00 Live Reports: Special Session of MPR 12:00 p.m. News 12:20 TV Drama: Tuntutan 1:00 Music 1:30 Documentary: Samudra Kita 2:00 Live Reports: Special Session of MPR 2:30 Music 2:35...

Transmigrants cut their losses

Transmigrants cut their losses MERAUKE, Irian Jaya: Many transmigrants at Jagebob transmigration residential site have opted to sell their land and return to their hometowns because of the poor soil quality and the lack of public transportation.

How does the Jakarta Initiative measure up?

How does the Jakarta Initiative measure up?By Eddy Soeparno JAKARTA (JP): The Jakarta Initiative successfully arranged a conference to introduce the scope and objectives of this informal body, which was created to assist borrowers and lenders in overcoming the hurdles to successful debt...

Pertamina, Petronas sign deal

Pertamina, Petronas sign deal JAKARTA (JP): Malaysian state oil company Petronas and Indonesian state oil company Pertamina signed on Wednesday a one- year term contract for the supply of Malaysian Crude Oil (MCO) to Indonesia effective Jan. 1, 1999.

IMF supports Hk dollar peg

IMF supports Hk dollar peg HONG KONG (AFP): The International Monetary Fund (IMF) has endorsed Hong Kong's linked exchange rate and supported the government's economic policy framework, the government said Wednesday.

Churches supply food for students

Churches supply food for students JAKARTA (JP): Students are not having to worry about going hungry while they are demonstrating for various causes, as many parties have declared their readiness to supply them with food.

Manila alerts its forces near Spratlys

Manila alerts its forces near Spratlys MANILA (Reuters): The Philippines said on Wednesday it had placed its forces near a Chinese-occupied reef in the South China Sea on alert but told them to avoid a military confrontation.

Asian stock markets close higher on bargain hunting

Asian stock markets close higher on bargain hunting HONG KONG (AP): Asian stock markets closed mostly higher on Wednesday, as bargain hunting and a technical rebound reversed losses from earlier in the week.

Students clash with soldiers

Students clash with soldiers JAKARTA (JP): Fourteen people were injured -- some critically -- when security personnel clashed with students protesting the Special Session of the People's Consultative Assembly on Wednesday.

Courtroom clashes mar Anwar trial

Courtroom clashes mar Anwar trial KUALA LUMPUR (AFP): Defense lawyers clashed with the judge and the prosecution on Wednesday as they were blocked from posing questions to a witness they said would unveil a conspiracy to oust Malaysian deputy premier Anwar Ibrahim.