Indonesian Political, Business & Finance News

Archive: 2 November 1998

47 articles found

Market facing quiet run-up to MR session

Market facing quiet run-up to MR session JAKARTA (JP): Mounting opposition to the planned Special Session of the People's Consultative Assembly (MPR) is likely to overshadow the financial markets this week.

Freedom of the press promised

Freedom of the press promised MEDAN (JP): A senior information ministry official has promised that publishing permits will be more easily obtained in the reform era and that press publications will be able to work free from the threat of being banned.

'MTV' to hold youth forum

'MTV' to hold youth forum JAKARTA (JP): MTV will host a one-day youth marketing forum on Thursday at Hotel Mulia Senayan, Jl. Asia Afrika, Central Jakarta.MTV Asia's communications manger, Shabnam Melwani, said in a statement that the forum will cover topics on youth trends, lifestyles and ways of...

No tire price deflation despite rupiah's surge

No tire price deflation despite rupiah's surge JAKARTA (JP): Tire prices are likely to stay inflated despite the rupiah's surge in the last month, the association of Indonesian automotive tire manufacturers (APBI) has estimated.

Govt might slash red tape for oil and gas firms

Govt might slash red tape for oil and gas firms JAKARTA (JP): The government is considering freeing oil and gas contractors from the tedious bureaucratic hurdles they encounter when procuring goods, materials and services for their operations, Minister of Mines and Energy Kuntoro Mangkusubroto has...

Crisis 'should not lead to poor dental health'

Crisis 'should not lead to poor dental health' JAKARTA (JP): An expert in dentistry said on Saturday the economic crisis should not be an excuse to neglect dental health.Sri Harini Soemartono, a professor at the University of Indonesia's School of Dentistry, said people should not have any problems...

Asian press needs more say

Asian press needs more sayBy Goenawan Mohamad This is an abridged version of an Avery Lecture given at Pomona College on Oct. 28. It was presented in conjunction with an international conference on "Media in the Asia Pacific World. Press and Politics in Economic Crisis".

Thai Airways service

Thai Airways service I am disappointed with the service of Thai Airways Jakarta Office, BDN building in Jl. MH Thamrin, as it is not as smooth as its motto "Smooth as Silk" indicates.Thai Airways, which claims to be of international standard, was not willing to take responsibility for a change it...

RI asked to continue lead ASEAN role

RI asked to continue lead ASEAN roleBy Kornelius Purba SINGAPORE (JP): Singapore's Deputy Prime Minister Brig. Gen. Lee Hsien Loong acknowledged on Saturday that during his tenure in office, former president Soeharto had played a key leadership role in the progress made toward prosperity by members...

Indonesian worker attempts suicide at Malacca seaport

Indonesian worker attempts suicide at Malacca seaport JAKARTA (JP): An illegal Indonesian worker attempted to hang herself in a public toilet at the Malaysian port of Malacca on Saturday night after she failed to obtain a ticket home, Antara reported on Sunday.

Algerian economy coming out of eight years of stagnation

Algerian economy coming out of eight years of stagnation JAKARTA (JP): Although lying far away in northwest Africa, Algeria is one of Indonesia's closest friends, be it as a predominantly Moslem country or as a developing nation.

Carmanah buys Camar field

Carmanah buys Camar field CALGARY (Dow Jones): Carmanah Resources Ltd. said its GFB Resources (Java) Ltd. unit has now completed the purchase of another 16 percent interest in the Bawean production sharing contract and Camar field in Indonesia, bringing its interest to 100 percent.

Amnesty to observe Anwar's trial

Amnesty to observe Anwar's trial KUALA LUMPUR (Agencies): A representative of human rights group Amnesty International said on Sunday he would seek proof of "judicial independence" at the trial of former deputy premier Anwar Ibrahim.

Relief album to help the needy launched

Relief album to help the needy launched JAKARTA (JP): Fifty artists launched an album on Saturday called Tembang Peduli (Songs that Care) with the aim of helping raise social awareness during the current crisis.

New boss for Semen Tonasa

New boss for Semen Tonasa JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng will formally appoint a new president of state-owned cementmaker PT Semen Tonasa next week, the company's current president has said.Nizar Dt.

Taxi drivers protest untrue report

Taxi drivers protest untrue report JAKARTA (JP): Some 2,000 taxi drivers of Citra taxi company staged a peaceful protest outside the Berita Buana daily's building in Pulogadung, East Jakarta, on Saturday to demand a retraction of an erroneous report about a robbery by one of them and a published...

E. Java to farm edible fungus

E. Java to farm edible fungus SURABAYA: East Java in cooperation with Taiwanese businessmen will cultivate edible fungus because the commodity is in great demand both in the domestic and foreign markets, Antara reported.

Number of Tangerang vagrants jumps to 1,200

Number of Tangerang vagrants jumps to 1,200 TANGERANG (JP): The number of registered vagrants, who mostly earn a living by begging at major traffic lights in Tangerang Mayoralty, jumped from only 521 before the economic crisis hit the country in July last year to 1,200 at present, an official said.

Unilever's Asia growth

Unilever's Asia growth THE HAGUE (AFP): The rate of growth experienced by food and consumer group Unilever in Asia has been halved, company chairman Morris Tabaksblat said in an interview published Saturday.The Anglo-Dutch giant registered growth in Southeast Asia of around eight to 12 percent.

Four nabbed for trying to steal ATM money

Four nabbed for trying to steal ATM money JAKARTA (JP): Police foiled an attempt to steal money from a Citibank automatic teller machine (ATM) in Kelapa Gading Mall in North Jakarta on Saturday, an officer said.City police spokesman Lt. Col. E.

Illegal immigrants given 15 more days

Illegal immigrants given 15 more days KUALA LUMPUR (AP): The government has extended by 15 days the deadline for illegal immigrants to leave Malaysia, a news report said.A two-month amnesty period that started on Aug. 31 was to have ended on Saturday night.

Stable hort-term outlook for markets

Stable hort-term outlook for markets SINGAPORE (AFP): Asia's economic crisis enters its 16th month on Monday with analysts expecting regional financial market stability at least until the New Year. But the long-term picture remains uncertain.

Security concerns knocks tourist number off target

Security concerns knocks tourist number off target JAKARTA (JP): The government is projecting that foreign tourist arrivals will be hard put to reach 4.6 million visitors, far short of the initial 6.5 million target, mainly due to lingering fears over the country's security situation.

Observers warn unrest likely

Observers warn unrest likely JAKARTA (JP): Political observers warned that conflict among political forces may lead to unrest during the upcoming special session of the People's Consultative Assembly. One even said there could be bloodshed unless the government take concrete steps to head off the...

Poor residents want capital for business, not rice

Poor residents want capital for business, not rice JAKARTA (JP): Residents of Kali Baru subdistrict in North Jakarta, one of the city's poorest areas, have asked the city administration to give them capital to start business ventures instead of staple food packages.

Soldiers, civilian killed in E. Timor

Soldiers, civilian killed in E. Timor DILI, East Timor: Assailants killed three soldiers and a civilian in Weberek, near the provincial capital of Dili, Antara reported on Sunday.A fourth soldier was missing and believed to be dead.

Three detectives killed as 'ninjas'

Three detectives killed as 'ninjas' JAKARTA (JP): Three Surabaya police precinct detectives were killed on Saturday by an angry mob in Bangkalan on the island of Madura after a criminal they were chasing shouted "ninja killers" at them.The three were named as Second Sgt. Yunus Paribong, Second Sgt.

Banks propose fixed asset injection

Banks propose fixed asset injection JAKARTA (JP): Bankers have urged the government to allow undercapitalized banks to improve their capital adequacy ratios (CARs) by injecting their fixed assets into their capital structure.

TV Program: Monday, Nov. 2, 1998

TV Program: Monday, Nov. 2, 1998TVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Management Program: Kiat Manajemen 3:30 TV Drama: Sembilan Satu 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Tangkas Cermat 6:00 News: Lintasan...

Panic recovery of credits

Panic recovery of credits The capricious manner in which the finance ministry has sought to recover the more than Rp 140 trillion (US$18.6 billion) in liquidity support given to 14 troubled banks which were taken over or suspended in August is the hallmark of a government in panic, feeling the...

Visio 5.0 drawing software gets better and better with age

Visio 5.0 drawing software gets better and better with ageBy Zatni Arbi JAKARTA (JP): About two weeks ago I received a wedding invitation from a cousin. He was to have his wedding reception at the mosque inside the House of Representatives (DPR) complex in Jakarta.

True colors of reform Indonesia

True colors of reform Indonesia As officially announced to achieve a total reformed Indonesia, three important milestones have been scheduled by the government and seemingly agreed upon by the whole nation: the Special Session of the People's Consultative Assembly (MPR) in November, the general...

Bakrie to build CPO plan

Bakrie to build CPO plan JAKARTA (JP): PT Agrowiyana, a subsidiary of the Bakrie Group, plans to build a crude palm oil (CPO) processing plant in Tanjung Jabung in Jambi.Agrowiyana executive Nano Priatno was quoted by Antara in Jambi on Saturday as saying construction would start early next year.

Hock Kin steals Indonesia's glory

Hock Kin steals Indonesia's glory JAKARTA (JP): Home shuttlers entertained their victory hungry supporters with devastating displays at the US$120,000 Sanyo Indonesia Open on Sunday, but conceded the prestigious men's crown to Malaysian second stringer Yong Hock Kin.

Se Ri Pak hospitalized

Se Ri Pak hospitalized SEOUL (AP): LPGA rookie sensation Se Ri Pak has been hospitalized because of a cold and may have to skip the Japan Classic, hospital officials and sponsors said Sunday."Pak has fever and muscular pains.

Seven die in speedboat crash

Seven die in speedboat crash PALANGKARAYA, Central Kalimantan: Two speedboats collided on a river here, leaving at least seven people dead and 35 missing, Antara reported on Sunday.Boats carrying 50 and 31 passengers collided head-on while traveling on the Katingan River at around 10 a.m.

Rice imports may be cut by 50%

Rice imports may be cut by 50% JAKARTA (JP): The country will be able to halve its huge rice imports next fiscal year if rice production meets the target, Minister of Agriculture Soleh Solahuddin has said.

MPR urged to drop decree on military presence in House

MPR urged to drop decree on military presence in House JAKARTA (JP): Political expert Harry Tjan Silalahi has urged the People's Consultative Assembly (MPR), when it holds its Special Session on Nov. 10 through Nov.

Mahathir says capital controls working

Mahathir says capital controls working KUALA LUMPUR (Reuters): Prime Minister Mahathir Mohamad said on Saturday that Malaysia's two-month-old capital controls had been more successful than expected but the recession-hit economy had not yet really recovered.

Downer praises East Timor efforts

Downer praises East Timor efforts SYDNEY, Australia (AP): Foreign Minister Alexander Downer has praised the efforts of Indonesia's government in East Timor over the past six months despite reports that as many as 18,000 troops remain in the area.

S'pore to better ties with KL

S'pore to better ties with KL SINGAPORE (Reuters): Singapore wants to put its relations with Malaysia back on keel and ensure cohesion within the Association of Southeast Asian Nations (ASEAN), Prime Minister Goh Chok Tong said on Sunday.

Tourist arrivals drop in RP

Tourist arrivals drop in RP MANILA (AFP): Tourist arrivals in the Philippines dropped 1.26 percent in the first eight months of the year, an official statement said Sunday.The statement quoted a report by the Philippine Convention and Visitors Corp.

Freeport: Dirty water won't wash away graft

Freeport: Dirty water won't wash away graftBy Donna K. Woodward BANDUNG (JP): The furor over the extension of the contract between the government and PT Freeport Indonesia, and the compulsory divestment of shares by the latter, attest to a general pattern of unequal relationships between a...

A man dressed in black ambushed in Ancol Baru

A man dressed in black ambushed in Ancol Baru JAKARTA (JP): Residents of Jl. Raya Ancol Baru in North Jakarta arrested a man on Saturday who they accused of being one of the ninja-like killers targeting Moslem preachers and suspected black magic practitioners, an officer said.

Where to go in Jakarta: Monday, Nov. 2, 1998

Where to go in Jakarta: Monday, Nov. 2, 1998Exhibitions * Painting Exhibition by Ketut Susena and Hanta Guna, at Mitra Hadiprana, Jl. Kemang Raya 30, South Jakarta (Phone: 7198547), Monday to Saturday, 10 a.m. to 7 p.m., Sunday, 10 a.m. to 6 p.m., until Nov. 8.

Joint team to present riot probe findings on Tuesday

Joint team to present riot probe findings on Tuesday JAKARTA (JP): The join fact-finding team investigating the May riots is to present its much-awaited final report to the government on Tuesday, the team chairman said on Sunday.

Protest at plan to net vagrants

Protest at plan to net vagrants JAKARTA (JP): A non-governmental organization has strongly protested the city administration's plan to round up street children and send them to rehabilitation shelters ahead of the People's Consultative Assembly's Special Session next week.