Indonesian Political, Business & Finance News

Archive: 26 November 1998

53 articles found

PSSI receives Rp 50m donation

PSSI receives Rp 50m donation JAKARTA (JP): The Youth and Sports Development Foundation presented on Wednesday a Rp 50 million (US$6,700) donation to the All Indonesian Soccer Federation (PSSI) to help it finance competitions for elementary school students.

Company executive caught smuggling gun

Company executive caught smuggling gun JAKARTA (JP): Customs officials at Soekarno-Hatta International Airport arrested a company executive for smuggling a gun into the country shortly after his arrival here from Singapore on Tuesday night.

Civil servants free to join parties

Civil servants free to join parties JAKARTA (JP): In an apparent effort to maintain the support of four million civil servants, the faction of the dominant Golkar, which has declared it will be a formal political party, insisted on Wednesday during deliberations on a political law that civil...

Churches asked to step up security ties with locals

Churches asked to step up security ties with locals JAKARTA (JP): Deputy Governor for Social Welfare Djailani said on Wednesday he could not guarantee security for churchgoers at houses of worship damaged in unrest last Sunday, but believed their best bet was to strengthen security efforts with...

Villagers attack Serpong factory

Villagers attack Serpong factory JAKARTA (JP): About 200 Suradita villagers in Serpong, Tangerang, attacked a chemical factory late Tuesday after learning that one of its employees allegedly attempted to rape a local girl on the previous day.Jakarta Police spokesman Lt. Col.

Copper smelter to begin exporting next year

Copper smelter to begin exporting next year SYDNEY (Dow Jones): Indonesia's pioneer copper smelter, PT Smelting Copper Co., has obtained commitments to ship 30,000 metric tons of copper cathodes to buyers in Asia, an official with Mitsubishi Corp. in Tokyo told Dow Jones Newswires.Mitsubishi Corp.

End to anti-Chinese prejudice

End to anti-Chinese prejudiceBy Anom Surya Putra SURABAYA (JP): Anti-Chinese rumors circulating some time ago can be reflected upon and developed as a historical study of ideas, particularly with a view to sharing a common understanding and evaluation of the intellectual processes of the presence...

Photo exhibition at Plaza Menteng

Photo exhibition at Plaza Menteng JAKARTA (JP): Two of the few Indonesian professional photographers, Kayus Mulia and Eky Tandyo, are displaying 44 of their works in a two-week exhibition beginning Wednesday at Cahya photo gallery in Plaza Menteng in Central Jakarta.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 25, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 375 -75 39,500 AHAP Insurance 400 0 0 Alter Abadi 275 -50 653,000 Alumindo Light Metal 300 -50 175,000...

Profit-taking spree pulls down local share prices 7.7 percent

Profit-taking spree pulls down local share prices 7.7 percent JAKARTA (JP): Share prices in the local stock market tumbled 7.7 percent on Wednesday as massive profit-taking hit most blue chip stocks, dealers said.

Era before Bharata Yudha

Era before Bharata YudhaFrom MerdekaThe recent happenings in this country remind me of the story of the period leading to the Bharata Yudha (war of the Bharatas). In short, there will be a struggle to enforce truth and justice.Back then there were two camps, each of which felt it was right.

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.

Rallies and demonstrations continue throughout the capital

Rallies and demonstrations continue throughout the capital JAKARTA (JP): Having an endless supply of energy, thousands of students and activists, including nuns and taxi drivers, continued their massive rallies on Wednesday. Across the city a wide-range of voices protested for a diversity of causes.

Riot rocks Pinrang over embezzlement of public money

Riot rocks Pinrang over embezzlement of public money PINRANG, South Sulawesi (JP): Tens of thousands of angry people went on a rampage on Wednesday, burning down some government offices in protest at the local administration's handling of a scam involving two local cooperatives.

Women lead rallies against violence

Women lead rallies against violence JAKARTA (JP): Birds and flowers featured in demonstrations on Wednesday as women took to the streets in several cities to mark the United Nations Day for the Elimination of Violence Against Women.

The chicken has been fried: Ghalib

The chicken has been fried: Ghalib JAKARTA (JP): Attorney General Lt. Gen. Andi Muhammad Ghalib became the star of the cabinet meeting on Wednesday when his colleagues and even President B.J. Habibie asked him what he had done with a chicken he received from protesting students one day earlier.

Soeharto hands over foundations' money

Soeharto hands over foundations' money JAKARTA (JP): Former president Soeharto has handed over to the government the funds from seven charity foundations he chaired, a total of about Rp 4 trillion (US$530 million), according to Minister of Information Lt. Gen. Muhammad Yunus.In a letter dated Nov.

Nominees for TV awards announces

Nominees for TV awards announces JAKARTA (JP): Two comedy series grabbed 12 nominations for the awards in this year's Indonesian Sinetron Festival, the highest award for TV programs.The nomination for both Mat Angin and Angkot Haji Imron II (Haj Imron's Minivan II) was announced Tuesday night and...

End the violence

End the violence Though we hate to admit it, the events of the past few months are making it more and more difficult to dispel the notion that is prevalent among a growing number of observers here, that Indonesians, as a people, are prone to violence.

Soeharto's son returns to Attorney General's Office

Soeharto's son returns to Attorney General's Office JAKARTA (JP): The youngest son of former president Soeharto, Hutomo "Tommy" Mandala Putra, reported to the Attorney General's Office on Wednesday for a third straight day of questioning in connection with a Rp 52.5 billion land scam.

Fund management firms loss assets

Fund management firms loss assets JAKARTA (JP): Many major fund management companies in Indonesia suffered substantial reductions in assets under their management due to the financial crisis, a senior official at a leading fund management company said.

Public uptight on lack of security, says sociologist

Public uptight on lack of security, says sociologist JAKARTA (JP): Widespread insecurity fears are among the factors that contributed to recent riots, sociologist Selo Soemardjan said on Wednesday. This is in addition to groups taking advantage of public distrust of the government and the military.

No reshuffle planned, Habibie says

No reshuffle planned, Habibie says JAKARTA (JP): President B.J. Habibie has assured his 34-strong cabinet there would not be any reshuffle until a new government is formed next year, Minister of Information Lt. Gen. Muhammad Yunus said on Wednesday.

300 people protest RI church burnings

300 people protest RI church burnings MANILA (AFP): Some 300 Filipinos rallied outside the Indonesian embassy here Wednesday to protest at mob violence against Christians and the ethnic Chinese minority in Indonesia.

Five journalists get CPJ awards

Five journalists get CPJ awards NEW YORK (AFP): Journalists from Belarus, Eritrea, Indonesia, Niger, Panama were lauded late on Tuesday by the Committee for the Protection of Journalists (CPJ) for covering the news in difficult and dangerous conditions.

Jamsostek offers free medical help to the poor

Jamsostek offers free medical help to the poor JAKARTA (JP): Life is hard for Syahlani. Soon after his dismissal as a driver of state-owned transportation company PT Damri in July, he opened a food stall near his house.He earns between Rp 10,000 (US$1.

Mexico's Cemex prepared to buy another six percent in Semen Gresik

Mexico's Cemex prepared to buy another six percent in Semen Gresik JAKARTA (JP): Mexico's Cemex SA will buy another 6 percent stake in PT Semen Gresik through an open market beginning next week, to increase its shares in the country's largest cement producer to 20 percent.

Drivers attack high school

Drivers attack high school PURWOKERTO, Central Java (JP): Hundreds of public transportation drivers entered their second day of strikes Wednesday and rushed to a high school to seek revenge against a student who hit a driver.

Con men target direct dial users

Con men target direct dial users JAKARTA (JP): Telecommunications company PT Indosat warned telephone owners on Wednesday about unidentified groups using the firm's name to cheat customers who use the 001 code for international calls.

Frightening student brawls

Frightening student brawlsFrom NeracaLast Friday I witnessed two (high school) student brawls. One was in the afternoon on Jl. Kramat Raya and another in the early evening on Jl. Pasar Minggu.The brawls caused huge traffic jams.

Beijing to bid to organize 2008 Olympic Games

Beijing to bid to organize 2008 Olympic Games BEIJING (AFP): Beijing will bid to stage the 2008 Olympic Games, officials said Wednesday, launching a new campaign after China's humiliating defeat to Sydney in the contest for the 2000 Games.

Rupiah volatility 'to subside in 1999'

Rupiah volatility 'to subside in 1999' JAKARTA (JP): Local and foreign economists predicted on Wednesday that the rupiah would be more stable next year despite lingering worries over the country's political instability.

Indonesian corporate golf league to resume

Indonesian corporate golf league to resume JAKARTA (JP): The Indonesian corporate golf league is to resume next month with 17 companies having confirmed their participation.Tournament spokesperson Barbara Speirs said on Wednesday that this season's league would be played over six legs at different...

Any woman can become president: Scholars

Any woman can become president: Scholars JAKARTA (JP): The recent motion by a group of Moslem clerics to stipulate that the president of Indonesia be male and Moslem had political overtones to it, and discriminated against not only women, but also people of other faiths, scholars said.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 25, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,300.00 7,500.00 7,300.00 7,575.00Austrian schilling 1 574.90 644.90 - -Australian dollar 1 4,622.40 4,882.40 4,595.00 4,945.00Belgian franc 1 192.

Youth orchestra to play at TIM

Youth orchestra to play at TIM JAKARTA (JP): The Indonesian Youth Orchestra will hold its second annual concert at 8 p.m. on Thursday at Graha Bhakti Budaya in Taman Ismail Marzuki (TIM), Central Jakarta.

South China Sea workshop in Jakarta

South China Sea workshop in Jakarta JAKARTA (JP): Indonesia will host once again the annual workshop on managing potential conflicts in the South China Sea.The Dec. 1 to Dec. 3 workshop will be held in Jakarta for the first time, the Ministry of Foreign Affairs said in a statement.

Two more killed by mobs

Two more killed by mobs SEMARANG, Central Java (JP): Police proved helpless to stop mob lynchings when two more were killed on Monday by people who suspected them of being murderers of religious teachers.Semarang regency police chief Lt. Col.

MasterCard expecting growth in use of debit cards in 1999

MasterCard expecting growth in use of debit cards in 1999 JAKARTA (JP): International credit and debit card issuer MasterCard International is predicting growth of between 20 percent and 40 percent in debit card use in Indonesia next year.

RI stands at historical crossroads to democracy

RI stands at historical crossroads to democracy With wave after wave of violence rocking Indonesia and no end to antigovernment student protests in sight, prominent lawyer Todung Mulya Lubis takes a hard look at what's behind the unrest...

Trade firms get ID in China

Trade firms get ID in China BEIJING (AFP): China will issue digital identity cards (ID) to foreign trade enterprises in a further move to control fraudulent foreign exchange transactions, the official China Daily reported Wednesday.The report said the ID cards, which would be issued from Jan.

Atako-Lindskog leads Matoa National Open by one stroke

Atako-Lindskog leads Matoa National Open by one stroke JAKARTA (JP): Nigerian Stephen Atako-Lindskog recouped from a shaky first day's play to card a course record of 63 on Wednesday and take the lead in the Rp 100 million (US$13,300) Matoa Nasional Open-Andersen Consulting Challenge golf...

Rock paintings reveal deep history

Rock paintings reveal deep historyBy Bernard Estrade JAKARTA (AFP): The discovery of a series of rock paintings in lost caves along Kalimantan island has opened up new perspectives on the prehistoric era in the region between Southeast Asia and Australia.

Al Gore: A message for Indonesian students?

Al Gore: A message for Indonesian students?By David DeRosa NEW YORK (Bloomberg): Vice President Al Gore's controversial Kuala Lumpur speech last week on democracy and political freedom has Malaysia's powers that be doing back flips.

Mosques are not campaign arenas

Mosques are not campaign arenasFrom MerdekaThe dawn of the reform era, brought about by former president Soeharto's resignation from office, has enabled the establishment of new political parties. Many Moslem political figures have also enthusiastically established their own parties.

Accor postpone plan to build five new hotels in Indonesia

Accor postpone plan to build five new hotels in Indonesia JAKARTA (JP): International hotel chain Accor Asia-Pacific Corporation has put on hold the construction of its five new hotels in Indonesia due to the economic crisis.Company Director and Group General Manager in Indonesia Marc A.

PGRI must retain independence, fight for members' interest: Habibie

PGRI must retain independence, fight for members' interest: Habibie JAKARTA (JP): The failure of an association of teachers to address members' interests because it has been busy serving the interests of those in power was highlighted on Wednesday in events to mark National Teachers' Day.

China, RI sign barter deal to boost two-day trade

China, RI sign barter deal to boost two-day trade JAKARTA (JP): Indonesia and China agreed here on Wednesday to trade some of their products through a barter deal to boost the declining bilateral trade figures.

Stone gets RI project

Stone gets RI project BOSTON (Dow Jones): Stone & Webster (SW) won a contract to design, procure and construct a cogeneration plant for Amoseas Indonesia Inc.Amoseas is the Indonesian affiliate of Chevron Corp. and Texaco Inc.

Forex reserves drop to $14.21b

Forex reserves drop to $14.21b JAKARTA (JP): Indonesia's net foreign exchange reserves dropped by US$21.3 million to $14.21 billion in the week ending Nov. 23 from $14.23 million in the previous week mainly due to repayments of the government's overseas debt.

Wiwid questioned by military personnel

Wiwid questioned by military personnel JAKARTA (JP): A student informer was questioned by military investigators on Wednesday over his claim that he was recruited by a military police officer to infiltrate the student protest movement during the Special Session of the People's Consultative Assembly.

Monkeys go on looting spree

Monkeys go on looting spree JAKARTA (JP): A food crisis stemming from dwindling numbers of tourists has forced monkeys in a West Java resort to go on a looting spree, a press report said Wednesday.Dozens of monkeys in the Penanjung forest reserve who normally depend upon holidaymakers for food have...

Recent travel alert worries tourism firms

Recent travel alert worries tourism firms JAKARTA (JP): Local tourism-related companies have expressed concern over travel warnings recently issued by foreign governments to their nationals considering visits to Indonesia.