Indonesian Political, Business & Finance News

Archive: 15 December 1998

60 articles found

Competition on Goethe's works

Competition on Goethe's works JAKARTA (JP): The German embassy has launched a 1999 competition for translating Goethe's literature works into Indonesian.The embassy said that all publishers and translators were invited to participate in the competition, which offers a cash prize of DM 5,000...

PT PAL lands $250m in contracts

PT PAL lands $250m in contracts SURABAYA, East Java (JP): State-owned shipbuilder PT PAL announced on Monday it had secured Rp 2.1 trillion (US$250 million) in orders for ships and power-generation equipment for delivery through the year 2000.Company president Adwin H.

A battered ASEAN struggles for credibility

A battered ASEAN struggles for credibilityBy Dean Yates HANOI (Reuters): As Southeast Asian leaders fly into Hanoi on Monday for an annual summit many leave behind shattered economies and a growing tide of desperation as millions sink back into poverty.

Malaysia's wilderness in the hands of tourists

Malaysia's wilderness in the hands of touristsBy Chris McCall TAMAN NEGARA, Malaysia (Reuters): Millennia ago aboriginal hunters came here to fish. Decades ago Malay princes and colonial officers came to shoot game.Today tourists come to take photographs of endangered species.

Police shoot, kill three criminals

Police shoot, kill three criminals JAKARTA (JP): Police shot dead three suspected street bandits in the early hours of Monday, bringing to 11 the number of alleged criminals killed by the police since a crackdown on crime was launched late last month.Jakarta Police spokesman Lt. Col.

Cambodia's entry into ASEAN may not be realized

Cambodia's entry into ASEAN may not be realized HANOI (JP): The chances of Cambodia gaining immediate entry into the Association of Southeast Asian Nations (ASEAN) looked increasingly bleak on Monday as leaders of Singapore, Thailand and the Philippines upon arrival remained steadfast in their...

Govt revokes license for three-tier transit system

Govt revokes license for three-tier transit system JAKARTA (JP): The government has revoked the license for a consortium involving a company owned by former president Soeharto's daughter to build a three-tier transit system in Jakarta due to indications of collusion, a minister said on Monday.

Gus Dur's motive for meetings questioned

Gus Dur's motive for meetings questioned JAKARTA (JP): Amien Rais expressed perplexity on Monday over Abdurrahman Wahid's recent personal meetings with President B.J. Habibie and Minister of Defense Gen. Wiranto, saying the campaign to establish a national dialog should be conducted with others.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 14, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 450 0 3,000 AHAP Insurance 400 0 0 Alter Abadi 300 0 150,000 Alumindo Light Metal 375 25 916,500 Alumindo...

ABRI's dual function

ABRI's dual functionFrom KompasAs the Armed Forces of the Republic of Indonesia (ABRI) has been built by the government with the people's money, it is the people's hope that ABRI will actively play its role as the guardian of the state and the nation.

Dollar falls against most Asian currencies

Dollar falls against most Asian currencies SINGAPORE (Dow Jones): The U.S. dollar's slide against the yen helped push both the South Korean won and the New Taiwan dollar higher during Asian trading on Monday.The Philippine peso also rose, but the U.S.

Malaysia's CPO earns $5.5b

Malaysia's CPO earns $5.5b KUALA LUMPUR (Dow Jones): Malaysia should earn 21 billion ringgit (US$5.5 billion) in palm oil exports this year, up sharply from 12.1 billion ringgit in 1997, said Primary Industries Minister Lim Keng Yaik, the national news agency reported Monday.

RSCM receives 36 unidentified bodies

RSCM receives 36 unidentified bodies JAKARTA (JP): Thirty-six bodies discovered in the greater Jakarta area since early last month are still unidentified, Suminto, an employee at the Cipto Mangunkusumo General Hospital's (RSCM) morgue, said on Monday.

ASEAN measures are not bold enough: Analysts

ASEAN measures are not bold enough: Analysts HANOI (AP): Southeast Asian officials are finalizing a package of "bold measures" to restore confidence in the region's devastated economies. But analysts say they aren't bold enough to spark a turnaround of the 17-month-old financial crisis.

Firm sells part of Asiad site

Firm sells part of Asiad site BANGKOK (AFP): Giant Thai developer Bangkok Land has sold a third multi-million-dollar site at the Maung Thong Thani complex in the capital, currently being used for the Asian Games, a statement said.A sale of assets worth 930 million baht (US$25.

Students mark Semanggi incident

Students mark Semanggi incident JAKARTA (JP): About 250 proreform students and activists commemorated the one-month anniversary of the Nov. 13 Semanggi incident on Monday afternoon by demanding the government not let its investigation lapse.

Asian soccer chiefs to mull boycott of 2002 World Cup

Asian soccer chiefs to mull boycott of 2002 World Cup BANGKOK (Reuters): Asian soccer chiefs will decide on Tuesday whether to heed a call to boycott the 2002 World Cup in emergency talks on the region's representation in the finals.

Tangerang Legislative Council 'in the dark'

Tangerang Legislative Council 'in the dark' TANGERANG (JP): State electricity company PLN has cut its supply to the mayoralty's Legislative Council building due to a Rp 13 million (US$1,733) unpaid bill for the last eight months.Council activities have been severely affected.

DialMart, BCA sign deal

DialMart, BCA sign deal JAKARTA (JP): Household shopping service company PT DialMart Indotama is joining up with Bank Central Asia (BCA) and American Express Bank (Amex) in a bid to facilitate their customers' shopping.

Audits on banks to be unveiled in January

Audits on banks to be unveiled in January JAKARTA (JP): The government will disclose the names of banks which have passed due diligence next month and decide upon what measures to take against those which do not qualify for the bank recapitalization program, Minister of Finance Bambang Subianto...

WB ups loan ceiling to boost RP lending

WB ups loan ceiling to boost RP lending MANILA (Bloomberg): The World Bank said on Monday it will lend as much as 90 percent of the cost of Philippine projects, the first time it has agreed to do so, boosting capital inflows into the Southeast Asian country by as much as US$300 million.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 14, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,325.00 7,525.00 7,325.00 7,575.00Austrian schilling 1 595.20 665.20 - -Australian dollar 1 4,415.00 4,675.00 4,395.00 4,745.00Belgian franc 1 198.

The crisis budget

The crisis budget The 1999/2000 State Budget starting in April will remain a crisis-spending program albeit to a lesser degree than the current one. The bulk of the budget will still go to routine operating expenditures and social safety-net programs.

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 Health Program: Katarak pada Mata 9:00 Music 9:30 Interval 2:00 p.m.

Candra/Tony crash out in second round

Candra/Tony crash out in second roundBy Primastuti Handayani BANGKOK (JP): Indonesia's bid to win more gold medals in the badminton competition at the 13th Asian Games suffered a blow on Monday when the men's doubles favorites of Candra Wijaya and Tony Gunawan bowed out of the event.

Bishop Belo urges E. Timorese to honor human rights accords

Bishop Belo urges E. Timorese to honor human rights accords JAKARTA (JP): Bishop Carlos Filipe Ximenes Belo has urged East Timorese to comply with the Universal Declaration on Human Rights, saying rights violators were not only found among the military.

Mochtar to get ASEAN Award

Mochtar to get ASEAN Award JAKARTA (JP): Former minister of foreign affairs Mochtar Kusumaatmadja will be a recipient of the ASEAN Award presented on Tuesday for contributions toward the promotion and development of regional cooperation.

Low demand for apartments predicted for next year

Low demand for apartments predicted for next year JAKARTA (JP): Apartment sales were dealt a serious blow by simmering unrest in Jakarta over the past two months, with the market unlikely to pick up in 1999, a property consultant said on Monday.

ASEAN leaders decide to delay Cambodia's entry

ASEAN leaders decide to delay Cambodia's entryBy Kornelius Purba & Medyatama Suryodiningrat HANOI (JP): President B.J. Habibie and his 86-strong entourage arrived here on Monday afternoon to attend the sixth summit of the Association of Southeast Asian Nations (ASEAN) leaders, who decided during a...

Tap water supply drops due to canal damage

Tap water supply drops due to canal damage JAKARTA (JP): Governor Sutiyoso has called for Jakartans to be patient over disruptions to the city's tap water supply following a rupture of the West Tarum canal in West Java.The rupture, which occurred on Dec.

Three teenagers drown in reservoir

Three teenagers drown in reservoir KENDARI, Southeast Sulawesi: The body of three teenagers who drowned in the Ameroro reservoir were fished out by friends on Sunday night, Antara reported on Monday.The tragedy occurred when two 14-year old girls, both members of a scout team camping in the area,...

Habibie exempt from being questioned: Adviser

Habibie exempt from being questioned: Adviser JAKARTA (JP): Senior constitutional law expert Ismail Suny said on Monday that presidential privilege exempted President B.J. Habibie from questioning on alleged corruption by Soeharto until he left office.

PMF taken to court over debt

PMF taken to court over debt JAKARTA (JP): Bank Nusa Nasional (BNN), which belongs to the widely diversified Bakrie Group, filed a bankruptcy claim against PT Perdana Multi Finance (PMF) with Jakarta Commercial Court on Monday.

Sutiyoso defends govt's civilian militia plan

Sutiyoso defends govt's civilian militia plan JAKARTA (JP): Governor Sutiyoso urged Jakartans on Monday not condemn out of hand the government's plan to set up a 40,000- member civilian militia to support security forces in the maintenance of law and order.

Yayuk Basuki sets up rematch with Fang Li

Yayuk Basuki sets up rematch with Fang Li BANGKOK (JP): Indonesia's Yayuk Basuki powered her way to the semifinals of the 13th Asian Games tennis women's singles competition on Monday to set up a rematch with Fang Li of China.

Probe into cause of Thai aircrash goes on

Probe into cause of Thai aircrash goes on SURAT THANI, Thailand (Reuters): Police and volunteers combed the wreckage of a Thai Airways jet on Monday seeking clues to why it crashed, killing 101 of 146 people on board.

Muladi at odds with Wiranto on militia

Muladi at odds with Wiranto on militia JAKARTA (JP): Minister of Justice Muladi broke ranks with Armed Forces Commander Gen. Wiranto on Monday over the plan to establish a civilian militia to help the police maintain law and order.

Textile company workers oppose mass dismissals

Textile company workers oppose mass dismissals JAKARTA (JP): Seven hundred workers dismissed at short notice from their jobs with the Bekasi-based textile producer PT Pusaka Buana Raya intend to fight the company's management for a more just settlement.

Three die in road accident

Three die in road accident SURAKARTA, Central Java: Three died and another was seriously injured in an accident that took place at about the same time as a motorcycle drag race that degenerated into violent rioting.

Police focus on riot instigators

Police focus on riot instigators KUPANG, East Nusa Tenggara: Police said on Monday there was strong evidence linking eight people, including prominent figures, to the Nov. 30 riot here, Antara reported."Four of the eight people are high-ranking officials," chief of the provincial police, Col.

Dharma Wanita needs to change: Saparinah

Dharma Wanita needs to change: Saparinah DEPOK, West Java (JP): An advocate of women's' rights said on Tuesday that there should be changes in Dharma Wanita, the organization of all female civil servants and their male counterparts' wives are obliged to join.

Japan, China take back seat for once

Japan, China take back seat for once BANGKOK (Agencies): The Asian Games on Monday showed the growing depth of its track and field talent with Sri Lanka, India and Qatar elbowing aside regional giants China and Japan.

ASEAN solidarity at stake as leaders meet for summit

ASEAN solidarity at stake as leaders meet for summitBy Meidyatama Suryodiningrat HANOI (JP): When ASEAN leaders sit down for their annual summit on Tuesday, the eyes of the region and the world will look to them to produce concrete results and a show of solidarity in a grouping facing a crisis of...

Violence erupts as boxing fan tries to attack referee

Violence erupts as boxing fan tries to attack referee BANGKOK (AFP): The Asian Games boxing tournament erupted in violence here Monday night when a spectator tried to attack a referee after a Thai gold medal favorite lost a controversial points decision.

Squatters destroy protected forest

Squatters destroy protected forest PALOPO, South Sulawesi: Some 13,000 hectares of protected forests in Luwu have been destroyed by squatters planting cocoa in the area, a forestry official said on Monday.

RI to buy rice from Egypt

RI to buy rice from Egypt JAKARTA (JP): Indonesia will buy 400,000 metric tons of rice from Egypt through soft loans from the Jeddah-based Islamic Development Bank (IDB), the Indonesian Embassy in Cairo said on Monday.

Where to go in Bandung:

Where to go in Bandung:Performances * Sundanese Traditional Drama: Dorna Tinggar Manuk, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 8 p.m., Dec. 18. * Puppet Show, at Gedung Kesenian Rumentang Siang, 9:30 p.m., Dec. 19.

'Setbacks' in DPR political bills debate deplored

'Setbacks' in DPR political bills debate deplored JAKARTA (JP): While lauded for retaining the proportional representation voting system for next year's poll, the House of Representatives (DPR) was lambasted on Monday for recent "setbacks" in its deliberation of three political bills.

Texmaco trucks to make debut in February

Texmaco trucks to make debut in February SUBANG, West Java (JP): Publicly listed PT Texmaco Perkasa Engineering, a unit of the Texmaco Group, will launch its Perkasa trucks in February 1999 despite the hobbled automotive business.

National consensus needed to avoid more serious chaos

National consensus needed to avoid more serious chaosBy Laksamana Sukardi This is the second of two articles analyzing the current crisis in Indonesia and predicting the outcome in the near future. JAKARTA (JP): The many instances of blatant state-sponsored terrorism have finally made the people,...

Investigation of Soeharto

Investigation of SoehartoFrom RepublikaThere is no need to set up an independent commission to investigate former president Soeharto's wealth. The commission cannot possibly be charged with the task of investigation or prosecution, let alone activities related to a trial.

Rupiah, shares slip in quiet trading

Rupiah, shares slip in quiet trading JAKARTA (JP): The rupiah closed marginally lower at 7,525 against the U.S. dollar on Monday, while stock prices fell slightly in a stagnant market, currency dealers and stock brokers said.

'Timor Pos' born in East Timor

'Timor Pos' born in East Timor DILI, East Timor: The new weekly tabloid Timor Pos hit the streets on Monday, bringing to three the number of locally produced print media in the province.The other two are dailies Suara Timor Timur and Novas.

Rates for tax payments, valid for Dec. 14 to Dec. 20

Rates for tax payments, valid for Dec. 14 to Dec. 20 U.S. dollar 1 Rp 7,350.00Austrian schilling 1 623.12Australian dollar 1 4,519.52Belgian franc 1 212.51Canadian dollar 1 4,759.44Swiss franc 1 5,338.47Deutschemark 1 4,376.56Danish krone 1 1,151.91French franc 1 1,306.57Poundsterling 1 12,137.

ASEAN alert on China in Spratlys

ASEAN alert on China in Spratlys HANOI (DPA): The Association of Southeast Asian Nations (ASEAN) has added weight to a Philippine campaign to halt China's "creeping invasion" of the disputed South China Sea, expressing concern over recent Chinese acts threatening stability in the region.

Thai to launch Islamic bank

Thai to launch Islamic bank BANGKOK (AFP): Thailand's state-run Government Savings Bank (GSB) is to open an Islamic bank counter in its southernmost branch, bank officials said Monday.The service, approved by the Finance Ministry, will be the first in Thailand when it opens in the branch in Satun...

Government to end subsidies on jet fuel

Government to end subsidies on jet fuel JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Monday the government would scrap subsidies on jet fuel next month in adhering to its pledge to lift all fuel subsidies.

Activists raise concern over Lampung waste management

Activists raise concern over Lampung waste management JAKARTA (JP): At dawn, Rosimin and Sudaryono set out for the river to collect fish in the nets they set the evening before.The two, residents of Gunung Pasir village, Jabung district, Central Lampung, passed behind a sodium glutamate factory,...

House may vote on civil servants' political status

House may vote on civil servants' political status JAKARTA (JP): The House of Representatives (DPR) may resort to voting -- a matter of course in many other countries, but so rare in Indonesia it is headline material -- following its factions' failure to agree on whether the four million civil...

Workers need safety and peace

Workers need safety and peaceFrom NeracaDuring this era of reform, Indonesia is facing the reality of increasing unemployment and rapidly spreading poverty. Nevertheless, we are trying hard to be dedicated in our work in order to meet the requirements of life.