Indonesian Political, Business & Finance News

Archive: 7 November 1998

50 articles found

Senayan management draws up new land use contracts

Senayan management draws up new land use contracts JAKARTA (JP): The management of Senayan sports complex has set a Nov. 12 deadline to finish drafting new contracts which it will refer to in a series of negotiations with 14 companies now occupying its land.

Indonesia, the WTO and globalization

Indonesia, the WTO and globalizationBy Huala Adolf JAKARTA (JP): Monicagate aside, one tough issue now drawing the attention of the international community is the economic crisis now gripping most East Asian countries.

Cheap paintings on sale at bazaar

Cheap paintings on sale at bazaar JAKARTA (JP): Dozens of paintings from noted painters as well as younger artists are on sale at discounted prices in a bazaar sponsored by the Indonesian Women Painters Association between on Nov. 2 and Dec. 6.The bazaar, held at the association's office on Jl.

Report serves as test of govt

Report serves as test of govtBy Stefanus Haryanto JAKARTA (JP): The May 1998 rioting in Jakarta,the worst unrest ever in Indonesian history, made President Habibie's government establish a joint fact-finding team which is called TGPF (Team Gabungan Pencari Fakta).

Bank interest rates

Bank interest rates Rate ceiling for Nov.9-Nov.15* Time deposit Maximum rate Maximum rate rupiah deposit (%) U.S. dollar deposit (%)---------------------------------------------------------1-month 57 153-month 56 146-month 47 1412-month 45 1424-month 30 18 Maximum overnight rate for rupiah : 47...

Foreign ship caught in illegal activities

Foreign ship caught in illegal activities AMBON, Maluku: Navy patrol vessel KRI Samadikun has caught a tanker, flying the Indonesian flag, selling diesel fuel to fishing boats in the Arafura Sea in Southeast Maluku, Commander of the Marine Security Task Force of the Eastern Fleet, Vice Admiral...

U.S. Navy paying visit to fabled Bali

U.S. Navy paying visit to fabled Bali DENPASAR, Bali: Two warships of the United States Navy have moored at the Benoa port here to allow 800 crew members to tour Indonesia's world-renowned tourist spot, Antara reported.

Riau anti-Dutch sultan honored

Riau anti-Dutch sultan honored PEKANBARU, Riau: The late monarch Sultan Syarif Qasim II of the Malay kingdom of Riau will soon be declared a national hero in recognition of his struggle against the Dutch colonial rule, Antara said.

Government drafts new regulation on private power

Government drafts new regulation on private power JAKARTA (JP): The government is drafting a regulation on the supply of private power to free state electricity company PT Perusahaan Listrik Negara (PLN) from the obligation of buying power from projects awarded to independent power producers (IPP)...

Uncertain legal position keeps Winters away from Jakarta

Uncertain legal position keeps Winters away from Jakarta JAKARTA (JP): American scholar Jeffrey Winters will not come to Jakarta to attend an economic conference here later this month as long as the government refuses to give a written guarantee that he will not be banned from entering and leaving...

Habibie calls for successful MPR Special Session

Habibie calls for successful MPR Special Session JAKARTA (JP): President B.J. Habibie called on the nation Friday to help ensure the success of the Special Session of the People's Consultative Assembly (MPR), which he described as a very important milestone in Indonesia's journey through the past...

Housewives went end to communal discord

Housewives went end to communal discord JAKARTA (JP): At least 25 housewives from Menteng Jaya subdistrict in Central Jakarta demanded on Friday an end to recurring brawls between local residents and residents of neighboring Manggarai subdistrict in South Jakarta.

Astra proposes debt restructuring

Astra proposes debt restructuring JAKARTA (JP): The country's largest automaker, PT Astra International, said on Friday that it had proposed a two-step program to its foreign creditors to restructure its US$2 billion of overseas debt.

Assault of VCDs, TV and crisis kills Yogyakarta movie theaters

Assault of VCDs, TV and crisis kills Yogyakarta movie theatersBy Gin Kurniawan and Sri Wahyuni YOGYAKARTA (JP): Local movie theaters are facing a critical business situation.In the past five years, the number of movie theaters here has shrunk by half -- from 16 to eight.

No plan to send border crossers home

No plan to send border crossers home JAYAPURA, Irian Jaya: No date has yet been set for the repatriation of the 3,000 Irianese border crossers now in Papua New Guinea (PNG), an Indonesian diplomat was quoted by Antara as saying.

Andrean's hopes of to three finish dashed

Andrean's hopes of to three finish dashed JAKARTA (JP): A defeat by Alexander Fier of Brazil cost Indonesian junior chess player Andrean Susilodinata his chance of finishing among the top three at the World Age Group Chess Championships in Oropesa Del Mar, Spain on Thursday.

Gen. Wiranto denies reports of reshuffle in the Army

Gen. Wiranto denies reports of reshuffle in the Army JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto has denied reports that Army Chief Gen. Subagyo Hadisiswoyo is to be replaced in the near future.

Anwar 'could be target of smear campaign'

Anwar 'could be target of smear campaign' KUALA LUMPUR (Reuters): Sex allegations against sacked Malaysian finance minister Anwar Ibrahim are false and apparently part of a shadowy conspiracy to smear him, the capital's High Court was told on Friday.

Sun Hung buys Lippo Capital

Sun Hung buys Lippo Capital HONG KONG (Bloomberg): Sun Hung Kai & Co., a Hong Kong-listed financial services company, said it agreed to pay HK$500 million (US$64.5 million) for a 49 percent stake in Lippo Capital Ltd.SHK & Co.

Reporters make food donation

Reporters make food donation JAKARTA (JP): Reporters covering crimes at city police headquarters gave food packages to police officers and soldiers posted to safeguard the House of Representatives building in Central Jakarta on Friday.

One is worth a faction

One is worth a faction It is understandable if Amien Rais, chairman of the National Mandate Party, Megawati Soekarnoputri, chairwoman of the Indonesian Democratic Party Perjuangan, and Abdurrahman Wahid, chairman of the Nahdlatul Ulama, refuse the offer to participate in the coming Special Session...

Five more killed in 'ninja' murder spree

Five more killed in 'ninja' murder spree JAKARTA (JP): Five more people were lynched by mobs in several districts of Central Java after residents accused them of being members of marauding gangs of "ninja" assassins who have killed more than 180 people in the neighboring province of East Java in...

Honoring our very own heroes with major medals

Honoring our very own heroes with major medalsBy Amir Sidharta JAKARTA (JP): The study of history used to be centered around great figures and great events. In 332 B.C. Alexander the Great founded the city of Alexandria near the western arm of the Nile in Egypt.

Lack of funds hurts outreach to street kids

Lack of funds hurts outreach to street kids TANGERANG (JP): Fund constraints prevent Tangerang regency from assisting the vast majority of children panhandling on local streets, a leading social services official admitted on Friday.

Rupiah boosted by news of IMF loan disbursement

Rupiah boosted by news of IMF loan disbursement JAKARTA (JP): The rupiah rose again to 8,450 against the U.S. dollar on Friday and local stock prices inched down 0.4 percent on profit taking, currency dealers and stockbrokers said.

Officials gather for economic discussions

Officials gather for economic discussions KUALA LUMPUR (AFP): Asia-Pacific finance officials will meet here over the weekend to discuss a regional surveillance mechanism aimed at warding off potential future crises, and the burning issue of capital controls.

Live TV shows

Live TV shows JAKARTA (JP): The following are sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):Saturday:English soccer league: Aston Villa v Tottenham Hotspur SCTV at 10 p.m.Sunday:Italian soccer league: Udinese v Juventus RCTI at 8:30 p.m.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov.6, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 350 125 118,000 AHAP Insurance 400 0 0 Alter Abadi 250 -25 70,000 Alumindo Light Metal 275 25 25,000 Alumindo...

Martial artist dies following bout

Martial artist dies following bout JAKARTA (JP): A North Sulawesi pencaksilat martial artist died of a brain hemorrhage after sustaining a head injury in his semifinal bout at the National Student Games in Balikpapan, East Kalimantan.

Govt removes 10 percent VAT on feed meal imports

Govt removes 10 percent VAT on feed meal imports JAKARTA (JP): The government has removed the 10 percent value- added tax (VAT) on imports of animal and poultry feed meal and its raw materials, the finance ministry announced on Thursday.

Students want Soeharto tried

Students want Soeharto tried JAKARTA (JP): Thousands of students here and in several other cities staged peaceful rallies on Friday to demand the upcoming Special Session of the People's Consultative Assembly (MPR) arrange for the prosecution of Soeharto, expel the military from politics and...

Djody sclarifies his stance on Kostrad meeting

Djody sclarifies his stance on Kostrad meeting JAKARTA (JP): Businessman Setiawan Djody on Friday stepped into the furor over a meeting he attended at the Army's Strategic Reserve Command (Kostrad) on May 14 during the height of the bloody riots in the capital.

Kemayoran project would displace 1,700 families

Kemayoran project would displace 1,700 families JAKARTA (JP): Some 1,700 families living on the site of the planned Kemayoran township in Central Jakarta are to be moved as work on the once-adjourned multibillion rupiah project is to start soon.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Thunder Cats 3:05 Flora Program: Pesona Flora 3:30 Science Film: Invention 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in...

Manila opposing kidnap dealings

Manila opposing kidnap dealings MANILA (Reuters): The superiors of kidnapped Italian priest Luciano Benedetti should stop dealing with self-appointed negotiators, a top Philippine law enforcement official said on Friday.

Regional currencies hold steady

Regional currencies hold steady SINGAPORE (Dow Jones): Southeast Asian currencies scarcely budged during Asian trading hours on Friday, and most analysts and traders expect little to change over the coming week, predicting that regional markets will remain largely static.

New archery boss wants to promote family approach

New archery boss wants to promote family approach JAKARTA (JP): The newly appointed chairman of the Indonesian Archery Association, Hayono Isman, said he would promote a "family approach" to the athletes in a bid to help them improve their results.

Keeping the peace

Keeping the peace With the crucial Special Session of the People's Consultative Assembly (MPR) only three days away and, above all, with the memory of the worst riots in decades still fresh in our minds, it is only fair to say that it is natural for the authorities to be in no mood to risk ruining...

Taxis count cost of lost business from robberies

Taxis count cost of lost business from robberies JAKARTA (JP): The escalating number of taxi robberies in the capital over the past few weeks has drastically affected the income of many taxi drivers.Interviewed by The Jakarta Post on Friday, Robertus Silalahi, Lipan, Rianto Widodo, Dikun,...

Hotel Mulia seeks reduced penalty

Hotel Mulia seeks reduced penalty JAKARTA (JP): The management of the five-star Hotel Mulia has asked the city administration for a 75 percent reduction in the Rp 20.5 billion penalty imposed on it for violating building height restrictions, Governor Sutiyoso has said.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Etching Exhibition, by Rembrandt, from the collection of Boijmans Van Beuningen, Rotterdam, at Erasmus Huis, Jl. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5252321), 8 a.m. to 5 p.m., until Dec. 6.

Daan Mogot families ask Rp 21b in compensation

Daan Mogot families ask Rp 21b in compensation JAKARTA (JP): At least 30 people visited City Hall on Friday, strongly demanding immediate compensation worth Rp 21 billion for the land occupied by the administration for Jl. Daan Mogot in West Jakarta.

Gus Dur, Megawati endorse anti-discrimination drive

Gus Dur, Megawati endorse anti-discrimination drive JAKARTA (JP): Moslem leader Abdurrahman Wahid said on Friday that religion, love and nationalism were capable of dividing people if they were practiced without humanity.

RI slaps antidumping duty on antibiotics from India

RI slaps antidumping duty on antibiotics from India JAKARTA (JP): Indonesia's Antidumping Committee (KADI) has followed up a complaint by a local firm by imposing temporary countervailing duties of 14 percent on imports of two commonly prescribed antibiotics from India.

Rp 40,000 robbery leaves two hurt

Rp 40,000 robbery leaves two hurt JAKARTA (JP): An armed gang broke into a house on Jl. SMU in Cipayung, East Jakarta, early on Friday morning and made off with Rp 40,000 (about US$5) after wounding the house owner and his daughter.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 6, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,400.00 8,550.00 8,400.00 8,650.00Austrian schilling 1 680.20 750.20 - -Australian dollar 1 5,162.20 5,422.20 5,175.00 5,525.00Belgian franc 1 240.60 265.

Move to better phone services

Move to better phone services JAKARTA (JP): Data inventory for telephone bills of customers in East Jakarta, which was formerly combined in one system with those in Bekasi, will be separated in a bid to improve services.La Ode M.

WB urged to fight corruption in Indonesia

WB urged to fight corruption in Indonesia WASHINGTON (Dow Jones): The World Bank must tighten a host of project procedures, if it is to quell the widespread corruption in Indonesia and elsewhere that is resulting in a "significant leakage" of World Bank funds, according to an internal Bank memo.

Lack of secure trade financing still a hindrance

Lack of secure trade financing still a hindrance JAKARTA (JP): Most export-oriented companies in the country still cannot open letters of credit (L/Cs) at the appointed local banks despite the government's guarantees, a footwear industry executive has said.

Robby to lead Bank Mandiri, Gani new Garuda president

Robby to lead Bank Mandiri, Gani new Garuda president JAKARTA (JP): The government installed former PT Garuda Indonesia president Robby Djohan at the helm of newly established Bank Mandiri on Friday in its effort to speed up the restructuring of the country's disordered state banks.