Indonesian Political, Business & Finance News

Archive: 15 December 1998

60 articles found

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. 9, has reduced the volume of water passing through the city's treatment plants in Buaran and Pulogadung in East Jakarta and Pejompongan in Central Jakarta by 41 percent.

ASEAN leaders decide to delay Cambodia's entry

ASEAN leaders decide to delay Cambodia's entry By 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 presummit dinner to delay Cambodia's admission into the grouping at the two-day session.

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. Procon Indah, in association with Jones Lang Wootton, said in its biweekly report that demand continued to slow down during the third quarter of the year.

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.

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. "It should be kept in mind that they (violations) have also been committed by local youths as well as the armed Falintil" group, Antara quoted him as saying on his arrival in Dili, East Timor, from France on Monday.

Candra/Tony crash out in second round

Candra/Tony crash out in second round By 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.

TV today

TV today TVRI 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.

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. The massive bank restructuring and preparations for, and holding of, the general election in June will take up another sizable piece of the budget, leaving a tiny portion for investment (development).

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.

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. Previously, the World Bank limited financing to 60 percent to 70 percent of the cost, with the rest coming from the government.

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 said here on Monday. The minister said that disclosing the names of the banks would help to ensure transparency in the process of recapitalization.

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. Director of service Mia Lukmanto said that under the memorandum of understanding signed on Monday, DialMart customers would be able to use BCA and Amex, through their credit card products, in transactions.

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. Most rooms are blacked out and electrically operated office equipment is at a standstill. Employees have been forced to use manual typewriters to complete urgent documents. The blackout began on Dec.

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. Asian nations are furious at being given only four berths in the 32-team finals, which means only two actual qualifying spots since Japan and South Korea enjoy automatic entry as co-hosts of soccer's big event.

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 (US$2,866), to mark the 250th anniversary of the birth of Johan Wolfgang von Goethe.

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$25.8 million) was signed last week with the Land Development Fund run by Jupiter Managed Fund, CB Richard Ellis, Jupiter's property consultant said in a statement. Bangkok Land chief K.

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. "This is very disappointing actually; these are not bold initiatives," said Maria Socorro Bautista, an economist at the University of the Philippines.

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. Twenty-seven of the 36 bodies were sent to Cipto Mangunkusumo's morgue in November for postmortem examinations, Suminto added. The other nine bodies were discovered and sent to the morgue during the first two weeks of this month.

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. The sharp increase in export earnings would coincide with a projected fall in palm oil production to 8.3 million tons in 1998 from 9.1 million tons in 1997, Lim said.

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. dollar's plunge against the Japanese currency caused barely a ripple in Southeast Asia's other foreign exchange markets, as the Singapore dollar and the baht continued to drift sideways, attracting minimal interest.

ABRI's dual function

ABRI's dual function From Kompas As 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. It is also demanded of ABRI that it should perform its tasks in relation to the dual function of ABRI, namely as a defense and security force and also as a sociopolitical force.

Stock Exchange

Stock Exchange Stock 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 Perkasa 125 0 0 Aneka Kimia Raya 200 -25 50,000 Aneka Tambang 1,675 0 2,945,000 Anwar Sierad 125 0 0 Apac Centertex Corp.

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. Amien insisted that a national dialog should involve all interest groups, and going it alone as Abdurrahman seems to be doing would not settle problems that created the need for national dialog.

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.

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 opposition. The three leaders are among the nine ASEAN heads of government who will hold a two-day summit in the Vietnamese capital Tuesday.

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. Edward Aritonang said the suspected criminals were all shot dead after they attacked police officers and attempted to resist arrest. "The officers fired warning shots after the criminals were caught red-handed.

Malaysia's wilderness in the hands of tourists

Malaysia's wilderness in the hands of tourists By 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. Taman Negara, peninsular Malaysia's oldest national park, has finally taken off as a tourist destination.

A battered ASEAN struggles for credibility

A battered ASEAN struggles for credibility By 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. With members of the Association of Southeast Asian Nations (ASEAN) preoccupied with their own financial and social woes, analysts said the overriding impression was of an ASEAN adrift, incapable of drawing up a decisive revival plan.

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. Suryohadiprodjo said here on Monday that 30 percent of the orders were from overseas companies. "International demand for ships has dropped by 50 percent in the last two years.

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.

Workers need safety and peace

Workers need safety and peace From Neraca During 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. We have participated in the reform movement with the hope of improvement in our future standard of living.

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 servants should be allowed to enter politics.

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, Indo Rasa, owned by PT Indo Miwon Citra Inti (IMCI). They smelled the stench from the waste disposal near the Bohong River.

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. "The government is committed to gradually lifting all subsidies on fuels.

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 province, 970 kilometers (584 miles) south of Bangkok. The GSB will offer "interest free" and other banking services in line with Islamic beliefs.

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.

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 7,350.00 Austrian schilling 1 623.12 Australian dollar 1 4,519.52 Belgian franc 1 212.51 Canadian dollar 1 4,759.44 Swiss franc 1 5,338.47 Deutschemark 1 4,376.56 Danish krone 1 1,151.91 French franc 1 1,306.57 Poundsterling 1 12,137.06 Hong Kong dollar 1 948.57 Italian lira 100 442.48 Japanese yen 100 6,140.35 Malaysian ringgit 1 1,934.21 Dutch guilder 1 3,889.92 Norwegian krone 1 986.77 New Zealand dollar 1 3,793.34 Swedish...

'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. The 16-page tabloid carried in its maiden edition reports titled, among other things, Can East Timorese Unite? and The Living Witness of the Santa Cruz Incident. Sold at Rp 2,500, the tabloid is published by Lilin Timor Timur Foundation.

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. Currency dealers said that the rupiah traded in a very narrow range between 7,475 and 7,575 before finishing the day almost unchanged from its Friday close at 7,500.

Investigation of Soeharto

Investigation of Soeharto From Republika There 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. Indonesia does not have a grand jury system like America does. However, we have institutions such as the National Police, the Attorney General's Office and the state judiciaries for those purposes.

National consensus needed to avoid more serious chaos

National consensus needed to avoid more serious chaos By 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, who are already suffering economic hardship, commit counter-acts of lawlessness.

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. The company said here on Monday that 300 Perkasa trucks, produced by automotive subsidiary PT Perkasa Heavyndo Engineering, would be unveiled at the launching.

'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.

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. Film * French Film at CCF - French Cultural Center, Jl. Purnawarman 32 (Phone: 022 4212417): Les Belles De Nuit, 4 p.m., Soigne Ta Droite, 7:30 p.m., Dec. 21. Music and Entertainment * Hotel Papandayan, Jl. Gatot Subroto No.

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, were swimming in the reservoir when they were suddenly dragged down by the undertow, according to the Unaaha police.

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. Syahrul Shaidy, the head of the Luwu Forestry Office, said hundreds of families from outside the Luwu regency had moved into the area to plant the highly valued cash crop. The uncontrolled forest denudation threatens the ecological balance in the area, Syahrul said. (37/01)

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. Ten policemen jumped into the ring after the spectator as he ran towards the referee and dragged the man away.

ASEAN solidarity at stake as leaders meet for summit

ASEAN solidarity at stake as leaders meet for summit By 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 confidence. Unlike the 1995 ASEAN Summit in Bangkok, in which the grouping was the epitome of poise and calm, the leaders now meet under a completely different regional setting.

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. In what was a welcome relief for many, the tussle between Japanese and Chinese for sport supremacy took a back seat to lesser known powers. But the two powers could not be completely denied.

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.

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. Engkesman Rangkeong Hillep, said following a closed-door meeting with members of the National Commission on Human Rights.

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 made it clear the three were not part of the mob attacks on facilities that forced the police to fire warning shots.

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. The employees, who have each worked for the firm for between five and 20 years, visited the National Commission on Human Rights on Monday in search of support for their cause.

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. Speaking after attending a hearing with House of Representatives Commission I for security and defense, Muladi said the plan must first be regulated by law. Otherwise, "it would have a basic flaw," he told reporters.

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. About 200 police, army search and rescue teams and local volunteers waded through the flooded plantation where the Airbus A310-200 came down in driving rain on Friday. "We are retrieving the wreckage and collecting the evidence as much as we can," Police Col.

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. The two seeded players showed mastery and maturity to dictate their respective quarterfinal matches. They dropped only eight games between them and raised their self-confidence ahead of their second meeting in a week.

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. The civilians would be "selectively" recruited under the Rakyat Terlatih (trained civilians) or Ratih scheme and required to take a two-week advanced military training course before starting work, the governor told reporters.

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. A statement released by the court said that the claim had been filed after the finance company failed to repay a loan worth Rp 8.26 billion (US$1.1 million) which it secured from the bank in 1996.

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. "By theory, he's a Soeharto's crony, so he can be grilled also. But not as long as he's still president.

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. The embassy's commercial attach Husin Bagis told Antara news agency that the memorandum of understanding on the rice import would be signed by Minister of Industry and Trade Rahardi Ramelan during his three-day visit to Cairo which started Monday.