Indonesian Political, Business & Finance News

Archive: 13 November 1998

52 articles found

Probe into Soeharto's wealth on the agenda

Probe into Soeharto's wealth on the agenda JAKARTA (JP): A Special Session commission assigned to issue a decree on clean governance will on Friday continue to debate whether provision for an investigation into former president Soeharto should be included in a separate decree.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Permata Katulistiwa, works of L. Eland, at Galeri Santi, Jl. Benda No. 4, Cilandak Timur, Kemang, South Jakarta (Phone: 7806079), 10 a.m. to 6 p.m., until Dec. 5. * Painting Exhibition: Bahasa Kalbu, by Enrico Soekarno, at Galeri TC, Jl.

863 Akabri cadets to be inducted

863 Akabri cadets to be inducted MAGELANG, Central Java: Some 863 new cadets of the Indonesian Armed Forces Academy (Akabri) will be inducted by Defense Minister and Armed Forces Chief Gen Wiranto here Saturday.

Many schools give students time off

Many schools give students time off JAKARTA (JP): Many schools in the capital have temporarily closed their doors due to social uncertainty caused by a series of student demonstrations, an official said on Thursday.

Security around MPR session

Security around MPR sessionFrom Suara KaryaAs an ordinary citizen, I am greatly concerned about the placement of civilians (AMPI, Pemuda Pancasila and FKPPI) to help secure the Special Session of the People's Consultative Assembly/House of Representatives MPR/DPR.

Commission split over use of 'indigenous' in decree

Commission split over use of 'indigenous' in decree JAKARTA (JP): A dispute at the People's Consultative Assembly over use of the term "indigenous Indonesian" in a draft decree on political economy was narrowly prevented from going to a vote late on Thursday after some frantic behind the scenes...

Habibie pledge to stay until until the end of 1999

Habibie pledge to stay until until the end of 1999 JAKARTA (JP): In an apparent response to mounting demands from students and opposition groups for his early resignation, President B.J. Habibie said on Thursday that his Cabinet would continue to serve the country until the end of next year.

Financial bodies bring Dharmala Agrifood to court

Financial bodies bring Dharmala Agrifood to court JAKARTA (JP): Three financial institutions -- publicly listed Bank Niaga, ING Indonesia Bank and International Finance Corporation (IFC) -- have jointly filed a bankruptcy petition against PT Dharmala Agrifood at the Jakarta Commercial Court for the...

The magnificent five

The magnificent five According to the government's agenda, its time spans from the on-going Special Session of the People's Consultative Assembly (MPR) to the MPR General Session in December 1999. In between, is the general election milestone, to be held in May 1999, which cuts this time span in...

Telkom certifies Nokia

Telkom certifies Nokia JAKARTA (JP): Finnish telecommunications company Nokia has received a quality certificate from state telecommunications company PT Telkom for its V5.2 Access Network product, the company said on Thursday.The V5.

PPP takes MPR to brink of vote

PPP takes MPR to brink of vote JAKARTA (JP): United Development Party (PPP) legislators, in a show of stubborn politicking, have forced the other four factions in the People's Consultative Assembly (MPR) to the brink of a vote following a hotly contested debate on the Armed Forces role in politics.

RP, China ties remain stable

RP, China ties remain stable MANILA (AFP): Relations between the Philippines and China remain calm, despite a dispute over a group of islands in the South China Sea, foreign affairs spokesman Oscar Valenzuela said on Thursday.

Levi's fights against counterfeiting acts

Levi's fights against counterfeiting acts JAKARTA (JP): Levi Strauss & Co., the producer and holder of Levi's intellectual property rights, with the help of Jakarta police is striving to fight against counterfeiting practices in the capital by targeting infringing manufacturers.

What about Soeharto?

What about Soeharto? To most of us it must be heartening to see that besides setting a definite agenda for democratic reform through fair and open general elections as soon as possible, other issues of grave national concern such as putting a limit on the political role of the now all-powerful...

Assembly reaches conclusion on human rights protection

Assembly reaches conclusion on human rights protection JAKARTA (JP): The Special Session of the People's Consultative Assembly (MPR) reached a smooth conclusion on Thursday in its deliberations of human rights protection.

Purwokerto stays on red alert

Purwokerto stays on red alert PURWOKERTO, Central Java: A security red alert is still in effect for Purwokerto and surrounding areas due to the escalating number of people beaten to death by mobs, a military official said on Thursday.

Pope will not be invited to Vietnam

Pope will not be invited to Vietnam HANOI (AP): Despite a request from Vietnamese bishops, the communist country has no plans to invite Pope John Paul II to visit next year, Deputy Prime Minister Nguyen Tan Dung said on Thursday.

RI reaches agreement with IMF on monthly review

RI reaches agreement with IMF on monthly review JAKARTA (JP): The government has reached agreement in principle with the International Monetary Fund (IMF) on a new letter of intent which would pave the way for the release of another US$1 billion in bailout funds, a senior minister said.

'Daun di Atas Bantal' honored at Tokyo film festival

'Daun di Atas Bantal' honored at Tokyo film festival JAKARTA (JP): Garin Nugroho's Daun di Atas Bantal (Leaf on a Pillow) has been awarded a special prize by the Tokyo International Film Festival 1998 jury and is ready for showing in a number of art-film cinemas in Japan.The festival, from Oct.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 12, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,750.00 7,850.00 7,750.00 7,950.00Austrian schilling 1 613.30 683.30 - -Australian dollar 1 4,760.90 5,020.90 4,760.00 5,100.00Belgian franc 1 205.

Gen. Wiranto apologizes for journos' beating

Gen. Wiranto apologizes for journos' beating JAKARTA (JP): Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto early Thursday visited 12 people injured in a clash between security personnel and demonstrating students at two different hospitals.

Japan to determine $30b Asia aid in go alone fashion

Japan to determine $30b Asia aid in go alone fashion KUALA LUMPUR (Reuters): The United States on Thursday appeared to be trying to elbow in on a US$30 billion Japanese plan to aid the battered Asian region but Tokyo was having none of it.

A biomedical view of mass rape

A biomedical view of mass rape Among the findings of the joint fact-finding team on the mid- May riots was that rape and other forms of sexual assault occurred during the rioting. This is the first of two articles by Wimpie Pangkahila, a professor at the School of Medicine of Udayana University in...

Female president

Female presidentFrom NeracaThe Indonesian Women's Congress, a federation established in 1928 of 72 women's organizations, strongly rejects the opinion that Indonesia's president and vice president should be male, an opinion which is quite contradictory to human rights.

Officer killed in MPR showdown

Officer killed in MPR showdown JAKARTA (JP): Tens of thousands of students defied a heavy downpour and a massive security cordon to march toward the People's Consultative Assembly (MPR) building on Thursday to press their demand for speedy political reform.

APEC's future direction largely depends on ASEAN

APEC's future direction largely depends on ASEANBy Edward Neilan Clinton 'victory lap' is sideshow to regional concerns; Japan's role seen as crucial. TOKYO (JP): In the alphabet soup of Southeast Asian regional politics and economics, it is important to be aware of the subtle differences between...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 12, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 65,500 AHAP Insurance 400 0 0 Alter Abadi 250 0 119,000 Alumindo Light Metal 250 -25 25,000 Alumindo...

Bulog has 2.38m tons of rice in warehouses

Bulog has 2.38m tons of rice in warehouses JAKARTA (JP): The State Logistics Agency's (Bulog) rice stocks stood at 2.38 million metric tons at the end of October, according to a statement issued on Thursday by the Ministry of Industry and Trade.

Thousands are left stranded owing to MPR traffic detours

Thousands are left stranded owing to MPR traffic detours JAKARTA (JP): Thousands of passengers of public transportation vehicles were stranded on Thursday due to the closure of numerous streets around the People's Consultative Assembly (MPR) building, where a four-day special session ends on Friday.

Unfair revenue format protested

Unfair revenue format protested JAKARTA (JP): The Association of Indonesian Telecommunications Kiosks Operators (APWI) demanded on Thursday that the government revise its current 20 percent:80 percent revenue sharing arrangement with state-owned domestic telecommunications monopoly PT Telkom.

New crop varieties launched

New crop varieties launched JAKARTA (JP): The Ministry of Agriculture introduced on Wednesday several new premier varieties of soybean, peanut, green bean, sweet potato, cassava, orange, durian fruit and chrysanthemum flower.

SE Asian currencies mirror yen's fall

SE Asian currencies mirror yen's fall SINGAPORE (Agencies): Southeast Asian currencies took a downward ride along with the yen on Thursday, as the U.S. dollar became a safe-haven currency ahead of a possible U.S. military strike on Iraq, traders said."An Iraqi attack would help the U.S.

S. Korean firm enters Medan

S. Korean firm enters Medan JAKARTA (JP): The South Korean-based chemical firm Marks and Spencer Corp. plan to build a large chemical plant in Medan Industrial Estate (KIM), North Sumatra.KIM president Papo Hermawan was quoted by Antara news agency as saying in Medan on Thursday that the Korean...

Aussie medical aid for Maluku hospitals

Aussie medical aid for Maluku hospitals JAKARTA (JP): The Australian government, which has pledged A$4.5 million in emergency medical aid to Indonesia's district hospitals and clinics, delivered on Thursday a medical aid shipment to Ambon, Maluku.

Political tensions push rupiah down against dollar

Political tensions push rupiah down against dollar JAKARTA (JP): High anxiety over the precarious situation during the Special Session of the People's Consultative Assembly (MPR) weighed heavily on market sentiment on Thursday, with the rupiah closing down at 7,900 against the U.S.

Juwono urges students to follow demo rules

Juwono urges students to follow demo rules JAKARTA (JP): Minister of Education and Culture Juwono Sudarsono charged on Thursday that students had failed to abide by the Law on Freedom of Expression, thus causing dozens of injuries in a clash that occurred during their protest against the Special...

Number of cellular users falls

Number of cellular users falls JAKARTA (JP): The number of cellular users in Indonesia dropped by 26.8 percent to 762,602 as of September this year from around one million in September last year, the state telecommunication firm PT Telkom said on Wednesday.

Ceramic workers stage protest

Ceramic workers stage protest TANGERANG (JP): Thousands of Masterina ceramic factory workers staged a second day of demonstrations in Kemis market here on Wednesday in protest over the company management's failure to increase their wages by 15 percent.

Rp 1.4t funds allotted for health safety net

Rp 1.4t funds allotted for health safety net SEMARANG, Central Java: The government has allocated funds worth Rp 1.4 trillion for the health safety net program, Health Minister Farid Anfasa Moeloek said on Thursday.

ABRI's dual function

ABRI's dual function The current issue regarding the military's dual function (sociopolitical as well as defense and security) is now focused on the appointment of representatives of the Indonesian Armed Forces (ABRI) in the House of Representatives -- a consensus agreed upon under the former New...

Color and fee

Color and fee After living in a tight work schedule in Indonesia for the past two-and-a-half years, I was excited to be able to visit the Borobudur temple last weekend. Myself and 15 other company employees (all Indonesian) were en route to a colleague's wedding.

Factions open door to reforming the Constitution

Factions open door to reforming the Constitution JAKARTA (JP): The People's Consultative Assembly removed on Thursday the longtime barriers for amendments to the 1945 Constitution, an effort repeatedly thwarted during Soeharto's 32- year rule.

Commodity woes pose threat to Thailand's recovery

Commodity woes pose threat to Thailand's recoveryBy Anchalee Koetsawang BANGKOK (Reuters): Thailand's economic recovery may be thwarted by falling world prices for its key commodities and a rapidly firming baht which could undercut exports and generate less revenue for farmers, analysts said on...

Indonesian press system still seeks best format

Indonesian press system still seeks best formatBy Junarto Imam Prakoso JAKARTA (JP): The famous words of John Stuart Mill that one single view different from all others should be respected and that humankind does not have the right to silence that view have become the fundamental principle of the...

HK eyes RP phone market

HK eyes RP phone market HONG KONG (Reuters): Hong Kong's First Pacific Co Ltd appears to be close to a deal for a major stake in Philippine Long Distance Telephone Co. as both firms said an announcement may be made later on Thursday.

Factions divided over ABRI representation in legislature

Factions divided over ABRI representation in legislature JAKARTA (JP): As widely expected, factions in the People's Consultative Assembly were divided on Thursday over the Armed Forces' (ABRI's) representation in the legislative body.

Mahathir, Anwar trade barbs over jet purchase

Mahathir, Anwar trade barbs over jet purchase KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad and his ousted deputy Anwar Ibrahim engaged in a verbal joust on Thursday over a lavish jet purchase as high-profile APEC meetings began here.

APEC officials mired in tricky negotiation

APEC officials mired in tricky negotiation KUALA LUMPUR (AFP): Official-level talks aimed at securing a APEC free trade plan dragged on into an unscheduled third session on Thursday with fish and forestry products still the main sticking point for Japan.

Polish minister seeks better bilateral ties

Polish minister seeks better bilateral ties JAKARTA (JP): Poland's deputy foreign minister Macyej Kozlowski offered on Thursday exchange of technology with Indonesia as a way of enhancing bilateral relations.

Troops ready to spring priest

Troops ready to spring priest ZAMBOANGA, Philippines (AFP): Philippine troops were prepared to rescue abducted Italian priest Luciano Benedetti from armed kidnappers if negotiations for his release collapsed, the military said on Thursday.But Col.

Album

AlbumPhoto A: HammasJP/bayIN SPIRIT: Moslem students calling themselves Hammas raise their fists in support of the Special Session of the People's Consultative Assembly. They staged a protest against "anarchic campaigns" to foil the session on Jl.

Officials that we can be proud of

Officials that we can be proud ofFrom KompasIn Mang Usil's column "Rasa sayang-sayange" (a feeling of love), which appeared in Kompas on Oct. 26 , the columnist comments on President Habibie's statement: "I want to be loved as a friend who is respected and not feared.