Indonesian Political, Business & Finance News

Archive: 26 December 1998

47 articles found

Japan gives RI 100b yen in soft loans

Japan gives RI 100b yen in soft loans JAKARTA (JP): The Japanese government is giving Indonesia 100 billion yen (US$870 million) in long-term, low-interest loans to help the country cope with its worst-ever crisis.

A year of unresolved rights abuse cases

A year of unresolved rights abuse casesBy Budiman Moerdijat JAKARTA (JP): Leading rights campaigner Marzuki Darusman described 1998 as the year when unresolved cases of violations were the "most visible dimension" of Indonesia's rights situation.

Birthday present for alleged murderer

Birthday present for alleged murderer MEDAN, North Sumatra: Popy Wahyuni gave a birthday present here on Thursday to her boyfriend Muhammad Ferizal Batubara, or Ical, the 17-year-old accused of bludgeoning his parents and four of his siblings to death with a hammer in October.

Prabowo's rejection of riot probe result 'no problem'

Prabowo's rejection of riot probe result 'no problem' JAKARTA (JP): A member of the team which investigated riots that rocked the capital in May was unfazed by a rejection by former Army Special Force (Kopassus) commander Lt. Gen. (ret) Prabowo Subianto of his alleged involvement in the riots.

Total sells field to Clough

Total sells field to Clough PERTH (Dow Jones): Clough Ltd., an Australian engineering and construction company, said Thursday it has won an A$82 million contract at the Tunu gas and condensate field in Indonesia for a unit of France's Total SA.

Tanah Abang fire kills six people, destroys shops

Tanah Abang fire kills six people, destroys shops JAKARTA (JP): Six people, including a baby boy, died in a fire that gutted four shop-houses near the crowded Tanah Abang textile market on Jl. K.H. Mas Mansyur in Central Jakarta on Thursday.

3 million hectares of forest will be auctioned to public

3 million hectares of forest will be auctioned to public JAKARTA (JP): The government will auction to the public next month a number of concession rights to carry out logging activities in three million hectares of the country's forests, a senior official of the ministry of forestry and plantations...

BI foresees further fall in interest rates

BI foresees further fall in interest rates JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin predicted on Thursday a further fall in interest rates, currently running above 40 percent a year for short term deposit rates.

Calls for disbandment of KNPI widespread

Calls for disbandment of KNPI widespread JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono has been urged to disband the state-sponsored youth organization, KNPI.Antara reported from Bandarlampung, Lampung, on Thursday that in a discussion in North Lampung, the minister told...

Jobless man kills partner

Jobless man kills partner JAKARTA (JP): Pamulang police, South Jakarta, arrested a 19- year-old jobless man on Thursday for allegedly killing Abdul Karim, 60, a man he claimed was his homosexual partner, an officer said.

Golkar's felonious ploy

Golkar's felonious ploy Every time Indonesians, whose sense of humanitarianism remains intact, speak about civil servants, they do so with strong emotion. This is due to the fact that for decades, administration after administration, the crusade to improve the lot of civil servants has proved...

Stocks Exchange

Stocks ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec.24, 1998: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 450 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 25,000 Alumindo Light Metal 350 0 7,500 Alumindo Perkasa 125...

May, 21, 1998 marks the end of an autocratic regime

May, 21, 1998 marks the end of an autocratic regimeBy Santi W.E. Soekanto JAKARTA (JP): "I quit as president."Those words were uttered by Soeharto when on May 21, 1998, he stepped aside and handed over the power that had been in his hands for 32 years to Vice President B.J. Habibie.

SembGas, Pertamina deal

SembGas, Pertamina deal SINGAPORE (Dow Jones): SembGas, the consortium led by Singapore's SembCorp Engineering, has finally sewn up the long overdue US$8 billion deal with Indonesian state oil company Pertamina to buy natural gas from West Natuna and pipe it to here, a local daily reported Thursday.

Thailand to rescue stranded elephants

Thailand to rescue stranded elephants BANGKOK (AFP): Thailand dispatched a ship on Friday to rescue five elephants stranded in Indonesia by the regional economic crisis, officials said.The ship carrying 14 veterinarians and mahouts left from the resort island of Phuket and will return with the...

Brokers and looters blamed for hike in food prices

Brokers and looters blamed for hike in food prices JAKARTA (JP): Traders and a councilor have said the soaring prices of foodstuffs such as eggs, chicken meat, beef, chilies and rice in the capital during the first few days of Ramadhan was mainly due to greedy brokers and looters.

National dialog

National dialogFrom GatraToward Soeharto's fall, Minister of Defense and Security/Armed Forces Commander Gen. Wiranto held a "national dialog" in Kemayoran, Jakarta. This dialog was attended by representatives of students' senates from all over Indonesia, community figures, intellectuals, generals...

Gus Dur doubts Soeharto really wants a dialog

Gus Dur doubts Soeharto really wants a dialog JAKARTA (JP): Following a controversy over a planned national dialog that would have included former president Soeharto, the man who initiated the plan said that he doubted Soeharto was serious about participating in the dialog.

Modern but not westernized

Modern but not westernizedBy Daniel Lindgren and Rob Goodfellow The following is an excerpt of a paper presented at a seminar at the Faculty of Economics of the Islamic University of Indonesia, the International Program, in Yogyakarta on Dec. 18.

Crippled emerging markets seek new lease of life

Crippled emerging markets seek new lease of life BRASILIA (Reuters): Indonesia has been knocked off its feet, Russia is on its knees and Brazil is hobbling on crutches. For emerging market specialists, the crippling events of 1998 will be hard to forget.

No second term for mayor

No second term for mayor SURABAYA: East Java Governor Imam Utomo has virtually killed any chances for Surabaya Mayor Sunarto Sumoprawiro to be reelected for a second term in office after his current one ends in July.

Xmas celebrated in solemnity

Xmas celebrated in solemnity JAKARTA (JP): Hundreds of Jakartan Christians on Friday held a modest Christmas mass in the ruins of Kristus Church in Ketapang, West Jakarta. The church was burned down during a riot late last month.

Adi wants extradition treaty with S'pore

Adi wants extradition treaty with S'pore SINGAPORE (Reuters): Indonesia wants Singapore to sign an extradition treaty so Jakarta can bring back "economic criminals", Minister of Cooperatives Adi Sasono was quoted on Thursday as saying.

Rupiah slips to 7,850 as stocks slightly up

Rupiah slips to 7,850 as stocks slightly up JAKARTA (JP): The rupiah slipped further to close at 7,850 against the U.S. dollar in extremely quiet dealings on Thursday, with most banks closing their dealing rooms earlier than usual, currency dealers said.

Lower interest rates!

Lower interest rates!From Bisnis IndonesiaAs the exchange rate of the U.S. dollar against the rupiah is now under Rp 10,600 to the dollar -- the level set as a target by the IMF and the government in the current state budget -- as a businessman, I hope that bank interest rates may be lowered again...

Suu Kyi defiant despite rumors

Suu Kyi defiant despite rumors YANGON (Reuters): Myanmar opposition leader Aung San Suu Kyi took a defiant stance amid rumors that Myanmar's ruling military government may deport her and dissolve her National League for Democracy (NLD) party early next month.

Prolonged economic crisis adds more fuel to the fire

Prolonged economic crisis adds more fuel to the fireBy Ati Nurbaiti JAKARTA (JP): Meisi, a toddler in Tasikmalaya, West Java, was killed early December when her neighbor, a food vendor, caused an accident when trying to snatch her earrings to buy food.

Bankruptcy petition against PT Hutama Karya rejected

Bankruptcy petition against PT Hutama Karya rejected JAKARTA (JP): The Jakarta Commercial Court turned down a bankruptcy petition on Wednesday against state-owned builder PT Hutama Karya brought by private construction firms PT Jaya Readymix and PT Primacout Lestari.

Performing arts shed the shackles of repression

Performing arts shed the shackles of repressionBy Rita A. Widiadana JAKARTA (JP): Expressions of agony, anger and disappointment imbued the themes of most performing art works staged throughout l998.The fall of the New Order regime, with former president Soeharto's stepping down in May after 32...

Street children, vagrants and beggars

Street children, vagrants and beggarsFrom NeracaGreater Jakarta reportedly has 12,630 street children. Social organizations take 4,160 of them under their protection, while a UNDP program and the government have 1,084 in their care.

Pertamina struggling to improve its image

Pertamina struggling to improve its imageBy Johannes Simbolon JAKARTA (JP): The state oil and gas company, Pertamina, which has been rocked by many scandals over the past several decades, has returned to the press limelight with a battered face this year, following the downfall of former president...

City detectives get new boss

City detectives get new boss JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman on Wednesday installed Col. Alex Bambang Riatmojo on Tuesday as the new head of the city police detective directorate, replacing Col. Gories Mere.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturdayMaghrib 6:10 p.m.SundayImsak 4:05 a.m.Subuh 4.15 a.m.

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 My Country 9:00 TV Drama: Gelas Retak 10:00 Interval 2:00 p.m.

Beggars have own reasons 'to operate' during Ramadhan

Beggars have own reasons 'to operate' during Ramadhan JAKARTA (JP): The beginning of the annual Muslim fasting month of Ramadhan has, as usual, been accompanied by an increase in the number of beggars on the streets and in the public cemeteries of Greater Jakarta.

Christmas in a time of crisis

Christmas in a time of crisis In Indonesia this year, Christmas is being celebrated in unfavorable sociopolitical and economic conditions. On the social and political plane, the people are in an euphoric mood over the prospect of reform, which unfortunately has brought with it some ominous negative...

Six banks may change status

Six banks may change status JAKARTA (JP): Six commercial banks have applied to change their status into interest-free Islamic banks, Bank Indonesia director Soebardjo said here on Thursday.He said that the six banks include Bank Mega, BSB, Bank Ratu, Bank Intan, Bank IFI and Bank Nusa Nasional.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: World Press Photo 1998, at Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5252321), Dec. 27 to Feb. 11. * Photo Exhibition: Dari Lengser Sampai Semanggi, at Galeri Foto Jurnalistik Antara, Jl. Antara No.

Rights body, KWI posts in new council stay vacant

Rights body, KWI posts in new council stay vacant JAKARTA (JP): The government decided on Thursday not to fill places left vacant by the National Commission on Human Rights and the Indonesian Bishop Conference (KWI) on the Council for Enforcement of Security and Law.

Habibie struggles to find his footing in presidency

Habibie struggles to find his footing in presidencyBy Kornelius Purba JAKARTA (JP): If one is a new head of state who takes office amid shouts of "lack of legitimacy" or even "a mere extension of the old regime", what should one do to find one's footing?For President B.J.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 24, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,725.00 7,875.00 7,725.00 7,925.00Austrian schilling 1 612.90 682.90 - -Australian dollar 1 4,581.00 4,841.00 4,585.00 4,885.00Belgian franc 1 205.

Singapore jobless to exceed 30,000

Singapore jobless to exceed 30,000 SINGAPORE (AP): More than 30,000 Singaporeans will be out of work by the end of the year, exceeding the government's projections, the head of the city-state's largest union was quoted on Friday as saying.

Silent Indovision!

Silent Indovision! I would like to join in the ongoing correspondence published in your paper regarding Indovision, to which the company has not seen fit to reply.I agree with what all your other writers have said and find Indovision's service nothing short of appalling.

1998 paves the way toward a legal, legitimate democracy

1998 paves the way toward a legal, legitimate democracyBy Ridwan Max Sijabat JAKARTA (JP): Political scientist Deliar Noer insisted recently that all pro-reform elements ensure that the general election take place next year, "no matter what".

Opposition to new education chief

Opposition to new education chief PONTIANAK, West Kalimantan: Local university students staged a protest at the West Kalimantan' office of the Ministry of Education on Wednesday opposing the appointment of its new head, Antara reported.

KB-UI students to hold 'tarawih' at Atma Jaya campus

KB-UI students to hold 'tarawih' at Atma Jaya campus JAKARTA (JP): Hundreds of students grouped in the Big Family of University of Indonesia (KB-UI) will hold a breaking of the fast gathering and tarawih (Ramadhan evening prayer) inside the Atma Jaya Catholic University on Saturday, its executives...

Strike ends at Caltex's contractor

Strike ends at Caltex's contractor PEKANBARU, Riau: A strike by workers of PT Tri Patra, a major contractor of PT Caltex Pacific Indonesia, ended on Thursday after the company agreed to meet most of their demands, Antara has reported.