Indonesian Political, Business & Finance News

Archive: 19 December 1998

56 articles found

Public figures call for no rallies during fasting

Public figures call for no rallies during fasting JAKARTA (JP): A day after clashes between students and security personnel in Jakarta ended with dozens injured on both sides, noted scholars, religious leaders and the military renewed their appeals for an end to demonstrations during the Muslim...

Students testify in murder trial

Students testify in murder trial MEDAN, North Sumatra: Two junior high school students testified in court on Thursday that they were invited by M. Fachrizal, who stands trial for killing of his family, for a party in his house the day of the murder in October.M.

Timor misses tax deadline: Official

Timor misses tax deadline: Official JAKARTA (JP): PT Timor Putra Nasional, a controversial automotive company controlled by the youngest son of former president Soeharto, missed Friday's deadline to pay Rp 3.09 trillion (US$412 million) in backdated import duties, an official said.

Paying devout homage to The Ministry of Sound

Paying devout homage to The Ministry of SoundBy Yudha Kartohadiprodjo JAKARTA (JP): The congregation had eagerly awaited his appearance for hours. At 1 a.m., the 6,000-strong assembly of teenagers and college students stood shoulder-to-shoulder, waiting for the high priest of rave music to come to...

Blue Bird clarifies

Blue Bird clarifies We have received many calls lately from confused customers asking whether Prestasi Taksi is a member of the Blue Bird Group. Through this letter we would like to enlighten the public, as follows.

German aid for RI

German aid for RI JAKARTA (JP): Kreditanstalt fur Wiederaufbau, a German financial institution, will provide DM 65 million (about US$39.07 million) in loans to Indonesia for healthcare, education and resource protection.

Forestry ministry to auction logging rights next month

Forestry ministry to auction logging rights next month JAKARTA (JP): Minister of Forestry and Plantations Muslimin Nasution said on Friday that his office will auction next month concession rights to carry out logging activities in a number of forest blocks in the country.

Bills threatened by civil servants issue

Bills threatened by civil servants issue JAKARTA (JP): The United Development Party (PPP) threatened on Friday to boycott the remaining deliberations of the election bill, thus rendering it unlawful, if the dominant Golkar faction insists on Indonesia's 4.

S'pore crash probe zeros in on cause

S'pore crash probe zeros in on cause SINGAPORE (AFP): Investigators have ruled out terrorism, weather and aircraft maintenance as possible causes of a Singapore SilkAir jet crash that killed all 104 people on board a year ago, a report said on Friday.

Food supply for festive season sufficient: Sutiyoso

Food supply for festive season sufficient: Sutiyoso JAKARTA (JP): Governor Sutiyoso said on Friday that food supplies ahead of and during the upcoming festivities -- the Ramadhan fasting month, Christmas, the New Year and Idul Fitri -- were adequate to meet demand in the city.

PLN's Bogor revenue shrinks

PLN's Bogor revenue shrinks BOGOR (JP): The Bogor office of state electricity company PLN's monthly revenue has declined by Rp 4.5 billion (US$600,000) since May mainly due to the impact of the prolonged monetary crisis, a spokesman of the office said on Friday.

Will new council be effective?

Will new council be effective?By Ikrar Nusa Bhakti JAKARTA (JP): President B.J. Habibie, under decree No. 191/1998, established a Council for the Enforcement of Security and Law with the aim of accelerating the government's reform programs.Under the decree, which was signed on Nov.

Rupiah still weak as stocks slip further

Rupiah still weak as stocks slip further JAKARTA (JP): The rupiah remained weak, closing flat at 7,750 against the U.S. dollar in very quite trading on Friday as stock prices closed 0.3 percent lower due to profit taking, currency dealers and stock brokers said.

Revenue to be cut for gas exploitation

Revenue to be cut for gas exploitation JAKARTA (JP): The government is prepared to cut the revenue it earns from the exploitation of natural gas reserves to encourage the development of gas reserves and promote the use of gas as an alternative source of energy, Minister of Mines and Energy Kuntoro...

PAN names Amien presidential candidate

PAN names Amien presidential candidate BANDUNG (JP): The National Mandate Party (PAN) officially nominated its chairman Amien Rais its presidential candidate on Friday, and vowed at the end of its congress here to win up to 35 percent of the vote in the general election next June.

UI to take part in debate contest

UI to take part in debate contest JAKARTA (JP): Two teams from the University of Indonesia (UI) will take part in the World Universities Debating Championships which open in Manila on Dec. 27, their manager said on Friday.

Ramadhan time for Jakarta

Ramadhan time for JakartaSunday Imsak 4:02 a.m. Subuh 4.12 a.m.

Rights groups join chorus against militia

Rights groups join chorus against militia JAKARTA (JP): Human rights groups joined on Friday the chorus of opposition to the Armed Forces' (ABRI) plan to establish a 70,000-strong civilian militia.The groups, including the Indonesian Legal Aid Institute, the International NGO Forum on Indonesian...

Shoe firm donates food

Shoe firm donates food TANGERANG (JP): Sports shoemaker PT Dong Joe Indonesia presented a Rp 300 million (US$40,000) food donation to local villagers and its workers on Wednesday in conjunction with the commemoration of its 10th anniversary.

School off in Brebes as fear spreads

School off in Brebes as fear spreads BREBES, Central Java: Four elementary schools in Buara village have been closed since Monday reportedly because of fears of escalating violence in the area following last week's election of the village head, Antara reported.

Japan to loan rice to RI

Japan to loan rice to RI TOKYO (DPA): Japan agreed Friday to loan 200,000 tons of rice to Indonesia, in addition to previous commitments, to help Jakarta alleviate a severe food shortage, Japan's Foreign Ministry said.

JIHD picks local chain to manage Borobudur

JIHD picks local chain to manage Borobudur JAKARTA (JP): PT Jakarta International Hotels and Development (JIHD), the owner of Hotel Borobudur Intercontinental Jakarta, has appointed Discovery Hotels & Resorts to replace Intercontinental Hotels and Resorts in managing the five-star hotel.

ASEAN finds little unity in diversity

ASEAN finds little unity in diversityBy Dean Yates HANOI (Reuters): With one word, tiny Laos symbolized the lack of unity at a summit of Southeast Asian nations in Vietnam this week.Lao Prime Minister Sisavat Keobounphan, speaking at a scripted opening ceremony on Tuesday, said it was "regrettable"...

Liberian faces jail term for theft

Liberian faces jail term for theft JAKARTA (JP): A prosecutor asked the Central Jakarta District Court on Thursday to sentence a Liberian to eight months in jail for his involvement in the theft of US$50,000 in cash.

Habibie heads poll on technology wizards

Habibie heads poll on technology wizards YOGYAKARTA (JP): President B.J. Habibie came first in a poll on the country's most popular figure -- among students asked to name the foremost figure in the technology world.

Students defend attacks on security personnel

Students defend attacks on security personnel JAKARTA (JP): Protesting students involved in a clash with troops and police officers on Thursday have defended their actions, saying that assaults on security personnel were in retaliation for heavy handed crowd control measures used against them...

ICW accuses Soeharto's relative of tax evasion

ICW accuses Soeharto's relative of tax evasion JAKARTA (JP): Indonesian Corruption Watch (ICW) alleged on Friday that a company owned by a relative of former president Soeharto was involved in a tax scam that caused the state at least Rp 30.2 billion (US$4.02 million) in losses.

TPJ supplies water with the help of 26 tankers

TPJ supplies water with the help of 26 tankers JAKARTA (JP): PT Thames Pam Jaya (TPJ), one of city-owned water company PDAM Jaya's partners, announced on Friday that it had supplied over 140,000 liters of water to its customers experiencing water shortages following a rupture of the West Tarum...

Allianz's firms set up foundation to help poor

Allianz's firms set up foundation to help poor JAKARTA (JP): The Allianz's companies in Indonesia, PT Asuransi Allianz Utama Indonesia and PT Asuransi Allianz Aken Life, have set up the Allianz Care Foundation with the aim of paying medical bills for the needy who are unable to cover their...

Mahathir accuses U.S. of meddling

Mahathir accuses U.S. of meddling KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad accused the United States on Friday of supporting a move to topple his government while blaming ousted deputy premier Anwar Ibrahim for "rioting" in Malaysia.

Drivers protest route overlaps

Drivers protest route overlaps TANGERANG (JP): Dozens of minivan drivers have staged a protest at the local office of the Land Transportation Agency (DLLAJ) here, demanding that chronic route overlap be sorted out as soon as possible.

Supriati captures overdue RI gold

Supriati captures overdue RI gold BANGKOK (JP): Practice makes perfect for middle-distance runner Supriati Sutono, who won the 5,000-meter title at the 13th Asian Games here.A rigorous altitude training program in the tea plantations near the West Java town of Pangalengan, 350 kilometers east of...

Monument for parachutists

Monument for parachutists BUN AIR BASE, Central Kalimantan: Air Force Chief of Staff Vice Marshal Hanafie Asnan dedicated a monument on Friday to mark the force's first ever parachute operation during the revolutionary struggle 51 years ago, Antara reported.

Govt demands a premium for Indofood stake sale

Govt demands a premium for Indofood stake sale JAKARTA (JP): The government will sell its 10.18 percent stake in PT Indofood Sukses Makmur at a higher price than that received by the Salim Group in its recent deal, State Minister of the Empowerment of State Enterprises Tanri Abeng said on Friday.

Peat forests facing extinction from crisis-hit profiteers

Peat forests facing extinction from crisis-hit profiteersBy Jack Rieley PALANGKARAYA, Central Kalimantan (JP): We are witnessing the demise in Southeast Asia of one of the last wilderness ecosystems on this planet -- tropical peat swamp forest.

Pertamina scams could cause Rp 191 billion loss

Pertamina scams could cause Rp 191 billion loss JAKARTA (JP): Evidence of corruption uncovered by the Development Finance Comptroller (BPKP) at state oil and gas company Pertamina during the January-November period could inflict an Rp 191 billion (US$24.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 18, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 500 0 0 AHAP Insurance 400 0 0 Alter Abadi 300 0 91,500 Alumindo Light Metal 375 25 40,500 Alumindo Perkasa...

Southeast Asian currencies drift higher as yen surges

Southeast Asian currencies drift higher as yen surges SINGAPORE (Dow Jones): The U.S. dollar's fall against the yen in thin Asian trading late on Friday finally pushed sluggish Southeast Asian currencies higher, traders said."The U.S. raids on Iraqi are a non-factor now.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 18,1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,675.00 7,825.00 7,675.00 7,875.00Austrian schilling 1 613.25 683.25 - -Australian dollar 1 4,624.40 4,884.40 4,635.00 4,935.00Belgian franc 1 205.40 230.

Live TV shows

Live TV shows The following are sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):Saturday:English soccer league: Chelsea v Tottenham SCTV at 10 p.m.Sunday:English soccer league: Arsenal v Leeds United Indosiar at 10:30 p.m.

Poor English causes headaches

Poor English causes headaches BANGKOK (JP): Bangkok people were happy to welcome visiting athletes, officials and journalists to the 13th Asian Games, but they were not prepared to speak to the guests... in English.

Indonesian stay put in Baghdad, says Alatas

Indonesian stay put in Baghdad, says Alatas JAKARTA (JP): Indonesia has no plans to evacuate its 123 citizens who are registered with the Indonesian Embassy in Baghdad, Minister of Foreign Affairs Ali Alatas said on Friday.

Muslims to start fasting on Sunday

Muslims to start fasting on Sunday JAKARTA (JP): The Ramadhan fasting month will begin on Sunday, Minister of Religious Affairs Malik Fadjar announced on Friday.Following a meeting of mathematics experts and representatives from major Muslim organizations, the ministry issued decree No. 654/Dec.

RI doctor refuses Thai massage

RI doctor refuses Thai massage BANGKOK (JP): Massage parlors are scattered across the city here but not all visitors are comfortable about their presence, or even pronouncing the words.It was still in the morning when an Indonesian medical official had a little argument with a taxi driver in front...

UN official confirms rapes during May upheaval

UN official confirms rapes during May upheaval COLOMBO (Reuters): A United Nations investigator on Friday accused the Indonesian military under former president Soeharto of carrying out widespread rapes in various parts of the country.Radhika Coomaraswamy, U.N.

Indosat to raise $200m through rights issue

Indosat to raise $200m through rights issue JAKARTA (JP): International telecommunications operator PT Indosat expects to raise some US$200 million through a rights issue early next year to finance its expansion plans, according to State Minister for the Empowerment of State Enterprises Tanri Abeng.

BAGOC promises Asiad grand closing

BAGOC promises Asiad grand closing BANGKOK (JP): The Bangkok Asian Games Organizing Committee (BAGOC) promised on Friday a grandiose display during the closing ceremony of the 14-day event to be held at the Rajamangala National Stadium on Sunday.

Supriati wins historic Asian Games gold medal

Supriati wins historic Asian Games gold medalBy Primastuti Handayani BANGKOK (JP): Indonesia's Supriati Sutono carved out a piece of history as she stormed to victory in the women's 5,000 meters at the Asian Games on Friday, ending Indonesia's 36-year gold- medal drought in the quadrennial event's...

Protest decries gambling dens

Protest decries gambling dens TANGERANG (JP): Dozens of students from an Islamic college here visited the Tangerang Regency office on Thursday, demanding the closure of several alleged gambling dens in the city.

Somluck - some fight - some gold at Games

Somluck - some fight - some gold at Games BANGKOK (AFP): Thai Olympic champion Somluck Kamsing gave a royal performance as he became undisputed king of Asian boxing here Friday.Somluck, watched by Thai crown prince Maha Vajiralongkorn, defeated Uzbekistan's Tulkunbav Turgunov 8-3 in the 57-kilogram...

Tales of two environmental project disasters

Tales of two environmental project disasters (1) The Mega-Rice Land Conversion ProjectThis project, which commenced in January 1996, involved the wholesale destruction of about one million hectares of forested peatland in order to clear the area prior to its conversion to a plantation for rice...

Indorayon to pass govt audit

Indorayon to pass govt audit SINGAPORE (Dow Jones): Indonesian rayon and pulp maker PT Inti Indorayon Utama is likely to pass an environmental audit ordered by the Indonesian government, said Singapore-based Asia Pacific Resources International Holdings Ltd., or the April Group.

General public want student rallies to stop

General public want student rallies to stop JAKARTA (JP): Members of the general public on Friday urged students to stop their rallies on the capital's streets as their agenda was no longer clear and the daily traffic congestion was reducing many Jakartans' earnings.

Night spots' guidelines for next month issued

Night spots' guidelines for next month issued JAKARTA (JP): Entertainment spots in the city would be allowed to open during the upcoming festive seasons, including Ramadhan fasting month, but under limited operating hours in the evening.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Dari Lengser Sampai Semanggi, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta (Phone: 3458771), 11:30 a.m. to 7:30 p.m., until Jan. 14.

UNHCR to help border crossers

UNHCR to help border crossers JAYAPURA, Irian Jaya: The United Nations High Commissioner for Refugees (UNHCR) has offered to help Irian Jaya repatriate 143 Irianese border crossers now living in Papua New Guinea (PNG), an official said Wednesday.