Indonesian Political, Business & Finance News

Archive: 24 December 1998

54 articles found

The Christmas spirit

The Christmas spirit As Christians throughout Indonesia prepare to celebrate Christmas under circumstances that could at best be described as less than ideal, millions of Indonesians, regardless of race or creed, no doubt share their hope that the event may bring back the spirit of peace and...

Govt may import eggs for Idul Fitri: Rahardi

Govt may import eggs for Idul Fitri: Rahardi JAKARTA (JP): For the first time, Indonesia may have to import eggs in anticipation of shrinking supplies in the run-up to the Muslim Idul Fitri celebration in mid-January, Industry and Trade Minister Rahardi Ramelan said on Wednesday.

Press, parties reminded on roles to foster civil society

Press, parties reminded on roles to foster civil society JAKARTA (JP): Failure of the press and political parties to match up to expectations would render the reform movement started by students stagnant, political observers and a party member warned Wednesday.

'SCTV' gives scholarship

'SCTV' gives scholarship JAKARTA (JP): Private television station Surya Citra Televisi (SCTV) has awarded scholarships worth Rp 74 million to 75 students with high achievements selected from 1,500 state and private universities nationwide.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 23, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,550.00 7,900.00 7,750.00 7,950.00Austrian schilling 1 617.40 687.40 - -Australian dollar 1 4,611.30 4,871.30 4,625.00 4,925.00Belgian franc 1 207.

SE Asian currencies mixed in run-up to Xmas holidays

SE Asian currencies mixed in run-up to Xmas holidays SINGAPORE (Dow Jones): Asian currencies were mixed against the U.S. dollar in thin trading late Wednesday.The Philippine peso and New Taiwan dollar did manage to move slightly higher, benefiting from a rise in the yen against the U.S.

Customs office presents weapons cache to police

Customs office presents weapons cache to police TANGERANG (JP): The Customs and Excise Office of the Soekarno- Hatta International Airport handed over 412 replicas of common weapons and 15 paint balls, confiscated in several foiled smuggling attempts since last year, to the police on Wednesday.

Bad buildings disrupt schooling

Bad buildings disrupt schooling BANJARNEGARA, Central Java: Bad workmanship found in 2,695 elementary school buildings throughout Banjarnegara regency has disrupted study for thousands of pupils, Parmadhi, the head of Banjarnegara Educational Office, said on Tuesday.

A climate of fear hangs heavy over Jakarta

A climate of fear hangs heavy over JakartaBy Ivy Susanti JAKARTA (JP): The Chinese Year of the Tiger brought traumatic roars to many Jakartans, with the claws of crime ripping apart many of their lives in an increasingly inhospitable concrete jungle.

Golkar likely to force civil servants into politics

Golkar likely to force civil servants into politics Golkar's attempt to sustain backing from civil servants in elections by allowing them to become executives of political parties under a bill being prepared by the House of Representatives (DPR) has created a controversy.

Dengue kills 18 Rembang children

Dengue kills 18 Rembang children SEMARANG: Dengue outbreaks have killed 18 children and hospitalized 231 others in 63 villages in Rembang regency, health officials said on Wednesday.Waryu Cahyadi of the regency's health office blamed the high fatality rate on parents' failure to promptly seek...

11 soldiers go on trial for abduction

11 soldiers go on trial for abduction JAKARTA (JP): The much-awaited trial of 11 Army Special Forces (Kopassus) soldiers charged with involvement in the abduction of political activists opened here on Wednesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 23, 1998: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 450 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 -25 1,000 Alumindo Light Metal 350 0 71,000 Alumindo Perkasa...

Bulog in limbo after losing its monopoly

Bulog in limbo after losing its monopolyBy Sylvia Gratia M. Nirang JAKARTA (JP): For over 20 years enjoying exclusive rights to import and distribute basic commodities, the State Logistics Agency (Bulog) monopoly role came to an end this year as the country's economic crisis worsened.

Habibie plans another meeting with Bishop Belo, Yunus says

Habibie plans another meeting with Bishop Belo, Yunus says JAKARTA (JP): President B.J. Habibie told his Cabinet ministers on Wednesday that he planned to have another meeting with Dili Bishop Carlos Felipe Ximenes Belo as part of his prosperity and cultural approach to the province.

Of demons and angels

Of demons and angels As a former influential general with a political vision and mission, it is only natural that Prabowo should always become a subject for gossip. So great has been Prabowo's influence, that he is constantly being seen as being behind every disturbing incident that has happened...

100 employees quit 'Gatra' to establish a new weekly

100 employees quit 'Gatra' to establish a new weekly JAKARTA (JP): One hundred employees, among them reporters, of the Gatra weekly magazine have resigned, citing management intervention in editorial policies, editors said Wednesday.

ICMI and 1966 activists against national dialog

ICMI and 1966 activists against national dialog JAKARTA (JP): The Association of the Indonesian Muslim Intellectuals (ICMI) and activists of the 1966 generation on Wednesday joined hands in opposing a proposed national dialog for reconciliation.

Are there Islamic hard-liners?

Are there Islamic hard-liners?From PelitaThere could be no Muslim fundamentalists in this country. I, for one, do not believe in the existence of Islamic fundamentalists here. If such a group was in existence, I believe many figures who have done a lot in the interest of Islam would not be alive...

Caltex boss named IPA president

Caltex boss named IPA president JAKARTA (JP): The president and chairman of the managing board of PT Caltex Pacific Indonesia (CPI), Baihaki H. Hakim, was recently elected the president of the board of directors of the Indonesian Petroleum Association (IPA) for 1999.

Bank Bali needs Rp 1.4t for recapitalization

Bank Bali needs Rp 1.4t for recapitalization JAKARTA (JP): Publicly listed Bank Bali announced on Wednesday that its capital adequacy ratio (CAR) was minus 8.17 percent, based on a financial audit conducted by international auditors.The bank said that it needed a total of Rp 1.

Big hotels offer special packages to lure visitors

Big hotels offer special packages to lure visitors JAKARTA (JP): Five-star hotels are trying their best to liven up the holiday spirit by offering lunch, dinner and buffets at special prices, and special room packages to help attract more guests during a season of slow business.

Kuda on market in March

Kuda on market in March JAKARTA (JP): PT Krama Yudha Tiga Berlian Motors, the sole distributor of Mitsubishi vehicles in the country, said on Wednesday it would start selling its newest product, the Kuda van, in March.

Three arrested for rape in Bekasi

Three arrested for rape in Bekasi JAKARTA (JP): Acting on a tip-off from the victims, Bekasi police on Tuesday morning arrested three men believed to have robbed a couple and raped the woman a few hours earlier at the lonely Bekasi Stadium in Caringin Jaya subdistrict.

KKM, creditors sign deal

KKM, creditors sign deal JAKARTA (JP): PT Kia Keramik Mas (KKM) and its creditors Deutsche Bank AG (DB) and International Finance Corporation (IFC) signed on Wednesday a standstill agreement as part of its debt restructuring program.

PBSI to reshuffle national team

PBSI to reshuffle national team JAKARTA (JP): The Badminton Association of Indonesia (PBSI) plans to reshuffle its national players as it prepares to win gold medals at the 2000 Olympics Games in Sydney.

New crime patterns emerge

New crime patterns emergeBy Emmy Fitri JAKARTA (JP): Newly developed crime patterns ranging from looting to robberies targeting taxi drivers and passengers, along with a rising trend in other street crimes and scams involving U.S. dollars have given Jakarta a reputation as an unsafe place to be.

5,000 homes flooded in Bandung

5,000 homes flooded in Bandung BANDUNG (JP): At least 5,000 homes and thousands of hectares of farmland were flooded after the Citarum River and a number of streams overflowed on Tuesday night.Antara reported Wednesday the worst hit areas included villages in Cileunyi district.

RI ranks world's worst for religious disharmony

RI ranks world's worst for religious disharmony JAKARTA (JP): Indonesia has been rated the worst in the world in terms of religious intolerance and persecution, the Indonesian Church Community (PGI) executives announced Wednesday.The community's chairman Soelarso Sopater and Secretary- General J.M.

IDB lends Malaysia

IDB lends Malaysia KUALA LUMPUR (AFP): The Islamic Development Bank has in principle approved a US$200 million loan to Malaysia, a report said on Wednesday.Utusan Malaysia quoted the bank's regional director Mohammad Siddik as saying that the loan would be disbursed in the next few months once...

RI maid jailed for false report

RI maid jailed for false report SINGAPORE (AP): An Indonesian maid working in Singapore was jailed for a month for falsely reporting that her employer raped her, a newspaper reported on Wednesday.A court found Pikati Slamet, 23, guilty of giving false information to the police and imposed a maximum...

Fertilizer versus Ratih

Fertilizer versus RatihFrom Media IndonesiaTheft of fertilizers recently took place in various towns. Fertilizer shops have been plundered. Fertilizer factories have been coerced into selling their product below the market price.

Fertilizer firms to build new plants

Fertilizer firms to build new plants JAKARTA (JP): State-owned fertilizer producers PT Pupuk Iskandar Muda (PIM), PT Pupuk Kalimantan Timur (Kaltim) and PT Pupuk Kujang will build three new plants worth US$924.7 million to increase domestic production of urea.

ABRI to start training 40,000 civilian security

ABRI to start training 40,000 civilian security JAKARTA (JP): Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto told a Cabinet meeting on Wednesday that ABRI would start training 40,000 members of People's Security (Kamra) in January as part of its controversial civilian militia...

Mixed day for Asian stock markets

Mixed day for Asian stock markets HONG KONG (AFP): Asian stock markets ended mixed Wednesday, focusing on local factors with Tokyo shut for a holiday and the Federal Reserve deciding to leave US interest rates unchanged.Hong Kong, Singapore, Sydney, Jakarta and Taipei ended lower.

Soeharto 'may face corruption charges'

Soeharto 'may face corruption charges' JAKARTA (JP): Further checks are needed before former president Soeharto can be declared a suspect in a corruption case, Attorney General Andi Ghalib said Wednesday.

Shareholders approve Lippo Bank's rights issue plan

Shareholders approve Lippo Bank's rights issue plan JAKARTA (JP): Publicly listed Lippo Bank obtained shareholders approval on Wednesday for a rights issue that will allow it to raise Rp 4.7 trillion to finance its recapitalization program.The bank said in a statement that some 17.

SE Asia seen losing foreign investment pull

SE Asia seen losing foreign investment pull SINGAPORE (AFP): Southeast Asia's attraction for foreign direct investments will wane due to its debilitating financial crisis, benefiting the Greater China region, a report said Wednesday.The Political and Economic Risk Consultancy Ltd.

Militia

MilitiaFrom Media IndonesiaThe establishment of a civilian militia (military-trained civilians), will, in my opinion, only add to the problems of our beloved Indonesia. It is well known that the people are easily angered now.

Perumka adds more coaches

Perumka adds more coaches YOGYAKARTA: The state-run railway company Perumka has added 15 more coaches for its train operation out of Yogyakarta's station, bringing the total to 130 per day, to cope with the current holiday travel boom.

Civil servants and politics

Civil servants and politicsFrom Pikiran RakyatIt has been widely discussed whether civil servants can join or become a member of the executive board of a political party. In my opinion, we need to be pragmatic, to the effect that every citizen must be given a fair chance and freedom to channel...

Bank Niaga, Suryamas case to go to high court

Bank Niaga, Suryamas case to go to high court JAKARTA (JP): Publicly listed Bank Niaga said it would appeal a court decision ordering it to pay a US$60 million fine to PT Suryamas Duta Makmur.The bank's attorney, Faisal Syahmenan of Warens & Achyar law firm, said Wednesday that his client was not...

The story of human rights in RI

The story of human rights in RIBy Cornelis A. Boeky JAKARTA (JP): The forefathers of independent Indonesia were mostly lawyers graduated from the well-known Dutch university of Leiden. Their training in Holland helped form their knowledge and awareness of basic and universal human rights.

Man arrested for drug trafficking

Man arrested for drug trafficking JAKARTA (JP): Police have arrested a man for allegedly selling 95 grams of the amphetamine-derivative shabu-shabu at Sunlight Hotel, Jl. Danau Sunter, North Jakarta, an officer said on Tuesday.City police spokesman Lt. Col.

Govt aids small ventures

Govt aids small ventures JAKARTA (JP): The government is allocating Rp 68 billion in revolving funds to be channeled to 1,000 groups of small-scale entrepreneurs, Minister of Cooperatives and Small Enterprises Adi Sasono said on Wednesday.

Bakrie unit, PGN sign contract on natural gas

Bakrie unit, PGN sign contract on natural gas JAKARTA (JP): Local oil and gas company Lapindo Brantas, Inc., controlled by the Bakrie group, has signed a memorandum of understanding to supply natural gas worth US$300 million to state gas company Perusahaan Gas Negara (PGN) in East Java.

Underfed infants in Gunungkidul

Underfed infants in Gunungkidul GUNUNGKIDUL, Yogyakarta: Five hundred seventeen children under five have been diagnosed as undernourished, Antara reported Tuesday. Twenty-one were considered in advanced stages of malnourishment.

Estrada fires customs chief

Estrada fires customs chief MANILA (AFP): Philippine President Joseph Estrada fired on Wednesday Manila's customs chief for brandishing a gun at hotel patrons."This morning I was informed that Customs Commissioner Pedro Mendoza got involved in a gun toting incident at the lobby of the Manila Hotel.

Freedom of expression comes out of the cold in 1998

Freedom of expression comes out of the cold in 1998By Amir Sidharta JAKARTA (JP): On New Year's Day this year, Soeharto, who was president at the time, designated 1998 as the year of art and culture."Through art and culture, we strengthen our identity as a nation and at the same time attract...

Creditors will meet here over aid package

Creditors will meet here over aid package JAKARTA (JP): Indonesia's main donors will meet here in January to assess the country's aid needs for the upcoming 1999/2000 fiscal year, Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said here on Wednesday.

Ramadhan time

Ramadhan time for Jakarta ThursdayMaghrib 6:08 p.m.FridayImsak 4:04 a.m.Subuh 4.14 a.m.Maghrib 6:09 p.m. SaturdayImsak 4:04 a.m.Subuh 4:14 a.m.

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.

Djada tells soldiers to improve professionalism

Djada tells soldiers to improve professionalism JAKARTA (JP): City Military Commander Maj. Gen. Djadja Suparman underlined on Wednesday the importance of improving soldiers' professionalism in order to provide better service to society.

All quiet on financial front ahead of Xmas

All quiet on financial front ahead of Xmas JAKARTA (JP): The rupiah kept on a slippery path to close at 7,825 against the U.S. dollar in quiet trading on Wednesday and stock prices dipped in tandem by 1.4 percent.