Indonesian Political, Business & Finance News

Archive: 25 November 1998

51 articles found

ICMI's statement disappointing

ICMI's statement disappointingFrom Bisnis IndonesiaAs a member of the executive board of the Indonesian Association of Moslem Intellectuals (ICMI), I was very shocked to hear, and consequently lodged a strong protest against, the statement made by the acting general chairman of ICMI and reported in...

Demontrations spread in several big cities

Demontrations spread in several big cities JAKARTA (JP): Students continued on Tuesday with their demonstrations demanding that former president Soeharto be tried, and that recent riots be investigated thoroughly.

On ethnic Chinese again

On ethnic Chinese again On Nov. 16, Masli Arman accused me of declaring "... through The Jakarta Post last month that the Chinese in Indonesia were not really a minority but the third largest ethnic group in the country (after the Javanese and Sundanese), ...

Computer problem may bring new crisis in the future: WB

Computer problem may bring new crisis in the future: WB JAKARTA (JP): The so-called Year 2000 computer problem has the potential to emerge as a serious crisis for Indonesia, even as the country might be on its way towards economic recovery, the World Bank has said.

Mine prospecting falls in economic, political crisis

Mine prospecting falls in economic, political crisis JAKARTA (JP): Mining explorations in the country have significantly dropped this year amid the monetary and political turbulence, the Indonesian Mining Services Association (Aspindo) said on Tuesday.

Rights body sets up probe team on Semanggi tragedy

Rights body sets up probe team on Semanggi tragedy JAKARTA (JP): The National Commission on Human Rights has established its own team to investigate the Nov. 13 clash between students and security personnel at the Semanggi Cloverleaf junction.

'I love rupiah' gold auctioned

'I love rupiah' gold auctioned BANDUNG (JP): Gold contributions totaling 2,249 grams raised during the "I love rupiah" campaign were auctioned off by the state pawn house here Tuesday.The gold was raised in a campaign launched by former minister of social affairs Siti Hardiyanti Rukmana, known as...

Four-way tie in opening round of Matoa National

Four-way tie in opening round of Matoa National JAKARTA (JP): Four veteran golfers shared the lead after the first round of the Rp 100 million (US$13,300) Matoa Nasional Open-Andersen Consulting Challenge on Tuesday.

Narcotics officer found dead with gunshot wound

Narcotics officer found dead with gunshot wound TANGERANG (JP): A police narcotics detective was found dead with a gunshot wound to his stomach, at his rented house in the Legok district here on Monday night.His wife was also in critical condition with a similar wound.

Indonesia needs banking plan

Indonesia needs banking plan HONG KONG (Reuters): Indonesia is unlikely to emerge from its political and economic crisis without strong government leadership and proper implementation of a banking recapitalization plan, Duff & Phelps Credit Rating Co said.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 6:30 News: Nuansa Reformasi 7:00 Children's Program: Lagu Anak Nusantara 7:30 Cartoon 8:00 Music 8:30 Documantary Film 9:00 Music 9:30 Interval 2:00 p.m.

Clinic opens for business

Clinic opens for business JAKARTA (JP): The London Institute of Communications Jakarta in cooperation with the Pasundan University of Bandung will soon open a "business clinic" that will provide consultancy services to people intending to enter into food and food processing businesses using local...

Japan firms get nod for subway project

Japan firms get nod for subway project JAKARTA (JP): The government gave the nod on Tuesday for Japanese firms to build a subway system in the city and an electric railway connecting the capital to Surabaya, East Java, according to a business leader.

Obituary

Obituary JAKARTA (JP): Ahem Erningpraja, a former minister of manpower in the early 1960s, died on Monday of old age at 85. He was buried Tuesday at Tanah Kusir public cemetery.Born in 1912, he earned a medal for being an independence fighter.From 1959 to 1963 he served as a minister of manpower.

Politicians warn of vested interests

Politicians warn of vested interests JAKARTA (JP): Politicians and youth activists warned on Tuesday that groups with political agendas were playing on people's mutual suspicions to divide and conquer.Since 1996, unsolved investigations into riots with religious overtones led the leaders to state...

Debate rages on Pancasila as sole political party principle

Debate rages on Pancasila as sole political party principle JAKARTA (JP): Legislators discussing a draft bill on political parties were unable to resolve differences on Tuesday over the inflammatory issue of stipulating the Pancasila state ideology as the sole doctrine of political institutions.

ABRI gears up for continual demos

ABRI gears up for continual demos JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto warned that campus activists would continue anti-government protests until general elections in mid-1999.Speaking on Tuesday in a hearing with the House Commission I on security and defense, Wiranto predicted...

Lee Kuan Yew leaves hospital

Lee Kuan Yew leaves hospital SINGAPORE (AFP): Singapore elder statesman Senior Minister Lee Kuan Yew has been discharged from hospital after undergoing treatment for an infection, a government press statement said on Tuesday.

Premier finds RI oil, gas

Premier finds RI oil, gas LONDON (Bloomberg): Premier Oil Plc, a UK oil exploration company, said on Tuesday an exploration well it drilled with its partners in the Pangkah area, off the coast of Indonesia, tested successfully for both oil and natural gas.The Ujung Pangkah No.

Help sought in curbing malnutrition

Help sought in curbing malnutrition JAKARTA (JP): President B.J. Habibie expressed on Tuesday deep concern over how the economic crisis had caused malnutrition levels to soar, particularly among infants and children under five, and appealed to the financially better-off to help the poor.

Supreme Court turns down Amex bankruptcy appeal

Supreme Court turns down Amex bankruptcy appeal JAKARTA (JP): The Supreme Court has turned down an appeal by the Singapore office of the American Express Bank (Amex) to declare the publicly listed firm PT Ometraco Corporation bankrupt.

Estrada adamant on execution

Estrada adamant on execution MANILA (AFP): Philippine President Joseph Estrada on Tuesday shrugged off calls from the European Union and the Vatican to call off the country's first execution in 22 years, saying the sentence would send a "lesson".

Sri Indriyani tipped for silver in Bangkok

Sri Indriyani tipped for silver in Bangkok JAKARTA (JP): Indonesia is pinning its hopes of winning a silver medal at the 13th Asian Games weightlifting competition in Bangkok next month on Sri Indriyani.

Thailand on full alert for terrorists during Games

Thailand on full alert for terrorists during Games BANGKOK (AFP): Thailand has assembled a hard core of special forces, bomb detection units and riot squads to ensure the Asian Games live up to its "Friendship Games" billing.

Stocks, rupiah tremble a little as student protests resume

Stocks, rupiah tremble a little as student protests resume JAKARTA (JP): The rupiah dipped to 7,600 against the U.S. dollar and stock prices lost 1.1 percent on Tuesday as students resumed large-scale antigovernment demonstrations in the capital.

Thai tourism booming

Thai tourism booming BANGKOK (AP): With tourist arrivals up by more than 6 percent, officials expect Thailand's crisis-ridden economy to be buoyed by 272 billion baht (US$7.5 billion) in foreign exchange earnings this year.

Calm in Ketapang but schools are still closed

Calm in Ketapang but schools are still closed JAKARTA (JP): Residents in Ketapang, West Jakarta, bore witness to an uneasy calm on Tuesday as most shops and offices in the area reopened for the first time since violent clashes erupted three days ago.Traffic clogged up Jl. K.H.

Salim's firm takes control of PLDT for $750 million

Salim's firm takes control of PLDT for $750 million MANILA (Bloomberg): First Pacific Co., a Hong Kong company owned by Indonesia's biggest business group, paid $750 million to take control of Philippine Long Distance Telephone Co.

Indonesian coffee output down 24% due to El Nino

Indonesian coffee output down 24% due to El Nino JAKARTA (JP): A prolonged dry spell, believed to have been triggered by the El Nino weather phenomenon, is blamed for a 24 percent drop in the country's coffee output for the production year ending on Sept. 30.

Chicken for Ghalib over Soeharto probe

Chicken for Ghalib over Soeharto probe JAKARTA (JP): Disappointed and angry students on Tuesday presented a black chicken to Attorney General Lt. Gen. Muhammad Ghalib when he persistently refused to set a deadline for the investigation into former president Soeharto's wealth.

Japan to extend $42b to Asia

Japan to extend $42b to Asia TOKYO (AFP): Japan is to extend five trillion yen (US$41.7 billion) in loans to help industrial restructuring in Asia, a report said Tuesday.The loans would be extended over the next five years, the Asahi Shimbun said quoting Kaoru Yosano, the minister of international...

Palestinians open historic first airport

Palestinians open historic first airport RAFAH, Gaza Strip (Agencies): The Gaza International Airport opened on Tuesday with the arrival of inaugural flights from Egypt and Morocco, giving Palestinians a long-awaited economic lifeline and a key symbol of their hoped-for sovereignty.

Plan on water tariff hike suspended

Plan on water tariff hike suspended JAKARTA (JP): The city administration, councilors, city-owned tap water company PDAM Jaya and its two foreign partners have agreed to suspend the plan to hike water rates every six months.

Sutiyoso given demand over gambling dens

Sutiyoso given demand over gambling dens JAKARTA (JP): In a rare move, city councilors on Tuesday demanded Governor Sutiyoso's resignation unless he is able to close down all of the gambling dens in the capital.

SE Asian currencies slip, but mid-term view positive

SE Asian currencies slip, but mid-term view positive SINGAPORE (Dow Jones): The yen re-exerted its baleful influence over regional foreign exchange markets on Tuesday, dragging Southeast Asian currencies lower against the U.S. dollar.

Let bad banks die

Let bad banks die What a knotty bind our nation has tied itself up in. Amid the seemingly relentless waves of rioting, positive announcements about key economic indicators such as the strengthening of the rupiah, rising exports and declining inflation look hollow and meaningless.

Offshore mutual funds back to Southeast Asia

Offshore mutual funds back to Southeast Asia NEW YORK (Dow Jones): Offshore mutual funds that invest in Southeast Asia made a comeback last week.In Singapore, mutual funds surged 9.47 percent on average during the week ended Friday, according to Lipper Analytical Services Inc.

Alatas slams Portugal for halting Timor talks

Alatas slams Portugal for halting Timor talks JAKARTA (JP): Minister of Foreign Affairs Ali Alatas slammed Portugal on Tuesday for suspending United Nations-sponsored negotiations over the future of East Timor based on unsubstantiated reports of a massacre in the territory.

RI, UAE sign trade pledge

RI, UAE sign trade pledge JAKARTA (JP): Indonesia and the United Arab Emirates signed a memorandum of understanding (MOU) here on Tuesday to improve bilateral trade relations.Signatories were Andy Pancha, the vice chairman of the Jakarta chapter of the Indonesian Chamber of Commerce and Industry,...

Hurry up in Jakarta

Hurry up in Jakarta After 32 years of dictatorship under President Soeharto, Indonesians are understandably eager for free elections. President B.J. Habibie must move faster in providing them and avoid the Soeharto-style repression he has flirted with in recent weeks.Mr. Habibie, who was Mr.

200 harmed by diving

200 harmed by diving PALU, Central Sulawesi: At least 200 divers operating without standard diving equipment in the waters of the Togean islands have either died or become incapacitated over the last seven years.

Fair elections

Fair elections Reports in The Jakarta Post from Nov. 11 to Nov. 15 hinted that Indonesia's upcoming elections will not be free and fair, and will not allow all Indonesians to express their political aspirations peacefully at the ballot box.A truly democratic system is very simple.

Economic and political crisis

Economic and political crisisFrom KompasWith each passing day, the economic difficulties that the Indonesian people have to deal with are getting bigger and bigger. In our social life, there is a bigger threat to security, thus causing restlessness among community members.

Prosecutor seeks one year jail sentence for hapless kidnapper

Prosecutor seeks one year jail sentence for hapless kidnapper BOGOR (JP): A prosecutor here has asked the local court to sentence a 20-year-old man to one year in jail for his alleged involvement in the abduction of two South Koreans earlier this year.

Asian nations urged to protect workers

Asian nations urged to protect workers BANGKOK (Reuters): The United Nations' labor rights watchdog urged Asian governments on Tuesday not to forget workers' rights as they sorted out the region's economic crisis.

Former minister of finance questioned over Freeport deal

Former minister of finance questioned over Freeport deal JAKARTA (JP): Prosecutors at the Attorney General's Office questioned on Tuesday former minister of finance J.B. Sumarlin as part of an investigation into alleged corruption in the 1991 extension of the mining contract of copper and gold...

Canadians turn Christmas' ball into charity event

Canadians turn Christmas' ball into charity event JAKARTA (JP): It's almost Christmas, the most festive time of the year. It's time to have fun, but also to serve the needy.Responding to the ongoing crisis, the Canadian-Indonesian business community is turning its annual Christmas social events...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 24, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 450 25 263,500 AHAP Insurance 400 0 0 Alter Abadi 325 25 6,152,000 Alumindo Light Metal 350 0 440,500...

Fighting violence against women

Fighting violence against womenBy Julia I. Suryakusuma Today is UN Day for the Elimination of Violence against Women. JAKARTA (JP): On Nov. 25, 1989, 14 women, mostly engineering students from a technical university in Montreal, were gunned down by a male student, because "you're all a bunch of...

Golden Truly staff fight for rights

Golden Truly staff fight for rights JAKARTA (JP): One hundred twenty-three former employees of the Golden Truly supermarket outlet in the popular Blok M shopping area in South Jakarta are keeping up their fight for higher severance pay after the store was closed in August.

Govt scales down privatization plans to six state firms

Govt scales down privatization plans to six state firms JAKARTA (JP): The government has decided to privatize six state firms rather than the 12 originally planned in this fiscal year due to bearish conditions on the local stock market.