Indonesian Political, Business & Finance News

Archive: 29 December 1998

57 articles found

Eddy Tansil 'living in China'

Eddy Tansil 'living in China' JAKARTA (JP): In a major corruption related development an independent corruption watch dog announced on Monday it has discovered escaped convict Eddy Tansil prospering in China after fleeing a 17-year prison sentence in 1996.

BI net foreign reserves up to $14.43b

BI net foreign reserves up to $14.43b JAKARTA (JP): Bank Indonesia said on Monday that its net international reserves (NIR) rose by US$146.3 million to $14.43 billion as of Dec. 23 from the Dec. 15 level.

47 people living with HIV/AIDS in Bali

47 people living with HIV/AIDS in Bali DENPASAR: There are 47 people living with HIV/AIDS in Bali, though it is believed that many cases are not reported.The head of Bali's committee focusing on the Acquired Immune Deficiency Syndrome (AIDS), I Gusti Agung Mayun Eman, was quoted Monday by Antara as...

Transport prepared for Idul Fitri exodus

Transport prepared for Idul Fitri exodus JAKARTA (JP): The continuing crisis may be no obstacle to the traditional end-of-the-fasting month family gathering of Idul Fitri, and the government is gearing up to prepare for this year's expected exodus of 16.

Textile factory owner found dead in his own office

Textile factory owner found dead in his own office JAKARTA (JP): The trussed and battered body of the owner of a textile factory was found in his office in Cibitung, Bekasi on Monday morning.Sugiarto, alias A Ling, 40, who owned PT Karang Buana Indah textile manufacturer, was found dead by one of...

Ramadhan time for Jakarta

Ramadhan time for JakartaTuesdayMaghrib 6:10 p.m.WednesdayImsak 4:07 a.m.Subuh 4.17 a.m.

Student questioned over treason

Student questioned over treason JAKARTA (JP): National Police summoned a student activist on Monday as a witness in the case of three opposition figures charged with trying to topple President B.J. Habibie's government.

Feminists sound alarm on evil of domestic violence

Feminists sound alarm on evil of domestic violence JAKARTA (JP): Feminists have called on women to be on the alert for domestic violence against them in the light of the continued crisis next year. Among cases of violence reported to the crisis center Mitra Perempuan this year, most were...

RI pay-TV business labors to survive

RI pay-TV business labors to surviveBy Antariksawan Jusuf JAKARTA (JP): At the end of 1998, the Indonesian pay- television industry is struggling to survive the painful economic crisis, but the future remains rosy in this vast market of more than 200 million people.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 28, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,750.00 7,900.00 7,750.00 7,950.00Austrian schilling 1 613.90 683.90 - -Australian dollar 1 4,568.75 4,828.75 4,575.00 4,875.00Belgian franc 1 206.

Habibie urged to release all political prisoners unconditionally

Habibie urged to release all political prisoners unconditionally JAKARTA (JP): Observers are appealing to President B.J. Habibie to grant amnesty to all political prisoners to signal a clean break from Soeharto's New Order regime.Political scientist Muhammad A.S.

Indonesia may cut rice imports by 50% next year

Indonesia may cut rice imports by 50% next year JAKARTA (JP): The country could more than halve its huge rice imports next fiscal year if domestic unhusked rice production meets the targeted 52 million metric tons, Minister of Agriculture Soleh Solahuddin said on Monday.

Two tried for forging money worth Rp 5b

Two tried for forging money worth Rp 5b TANGERANG (JP): Beware of your Rp 50,000 bank notes since they may be among the forged ones distributed by Jie Jusanhadi, 65, alias Anon, and his accomplice Iwan Wijaya, 46.

Seven die, eight hurt in road accident

Seven die, eight hurt in road accident SALATIGA, Central Java: Seven people died and eight sustained severe injuries in an accident involving a truck, a public transport vehicle, a motorcycle and a pedicab in Salatiga on Sunday.

RI negotiates rice deal with Thailand

RI negotiates rice deal with Thailand BANGKOK (Reuters): Indonesia is renegotiating a deal to buy 100,000 tons of rice from the Thai government, a senior commerce ministry official said on Monday.Pracha Charutrakulchai, head of the foreign trade department, told reporters that Indonesia asked...

National sports struggle to survive economic crisis

National sports struggle to survive economic crisisBy Dwiatmanta JAKARTA (JP): A self-fulfilled medal target at the Asian Games in Bangkok allowed Indonesian sports to breathe a sigh of relief, at least for the moment.

Labor condition likely to worsen in 1999: Observers

Labor condition likely to worsen in 1999: ObserversBy Ridwan Max Sijabat JAKARTA (JP): Observers predicted on Monday that labor conditions would worsen next year due to the prolonged economic and political crises, warning that an unemployment rate of 38 million out of the total work force of 90...

Improve the system!

Improve the system! Mr. Pieroelie completely misses the point in his letter about the "loss of a few television shows on the tube" (Dec. 26, 1998).The Indovision case is a typical example of how Indonesia operates (doesn't).

Markets dip before New Year holiday

Markets dip before New Year holiday HONG KONG (AFP): Asian stock markets ended mixed Monday in thin trade and on a lack of buying incentives ahead of the New Year, with most investors on year-end holidays, dealers said.

Rates for tax payment, valid from Dec.28 1998 to Jan. 03 1999

Rates for tax payment, valid from Dec.28 1998 to Jan. 03 1999 U.S. dollar 1 Rp 7,550.00Austrian schilling 1 641.98Australian dollar 1 4,605.50Belgian franc 1 219.13Canadian dollar 1 4,861.25Swiss franc 1 5,537.22Deutschemark 1 4,506.12Danish krone 1 1,188.85French franc 1 1,348.

Whose year was it?

Whose year was it? The Jakarta Post has never named its man or woman of the year, the custom of several media institutions in distinguishing individuals or groups for their prominence, good or otherwise, during the preceding 12 months.

Mining sector promises more investment in 1999

Mining sector promises more investment in 1999 JAKARTA (JP): Foreign investment in the mining sector should continue flowing in 1999 despite the prevailing uncertainties on both the economic and political fronts, Minister of Mines and Energy Kuntoro Mangkusubroto said on Monday.

Yayuk at crossroads once again

Yayuk at crossroads once againBy Primastuti Handayani JAKARTA (JP): Indonesia's best ever tennis player Yayuk Basuki captured the headlines by winning the Asian Games women's singles gold medal in the twilight of her career.Yayuk was extremely happy, as she approaches the ending.

Pulp plant in C. Kalimantan

Pulp plant in C. Kalimantan JAKARTA (JP): A private national company PT. Ceria Karya Pranawa plans to build an Rp 8.5 trillion (US$1.13 billion) pulp plant in Kotawaringin Timur regency, Central Kalimantan, Antara reported on Monday.

Monoloyalty policy: Problems and prospects

Monoloyalty policy: Problems and prospectsBy R. Siti Zuhro JAKARTA (JP): The Indonesian bureaucracy is not neutral, due to the government's policy of insisting on the monoloyalty of civil servants, so that they can only vote for its political body, Golkar, in general elections.

1998: Worst year in living memory for many Jakartans

1998: Worst year in living memory for many JakartansBy Ida Indawati Khouw JAKARTA (JP): Unlike previous years when Jakarta witnessed constant growth in development, the city this year experienced a multitude of severe problems, including a sharp drop in the city budget, the necessary renovation of...

Thai tourism fares well despite crisis

Thai tourism fares well despite crisis BANGKOK (Reuters): Thailand's tourism industry is thriving as the weak baht currency enables local hotels and tour operators to offer cheap holidays, the head of one of Thailand's biggest hotels said on Monday.

Sutiyoso vows to crack down on firecrackers business

Sutiyoso vows to crack down on firecrackers business JAKARTA (JP): Governor Sutiyoso warned Jakartans on Monday that city security authorities would take stiff measures against anyone who makes, supplies, carries, sells or lights fireworks that explode.

1998: A ministerial search for confidence

1998: A ministerial search for confidenceBy Sugianto Tandra JAKARTA (JP): In search of lost public confidence.One could say it is what many ministers of President B.J. Habibie's Reform Cabinet have been striving to achieve for over half of 1998.

Five illegal tillers shot in Medan clash

Five illegal tillers shot in Medan clash JAKARTA (JP): Five laborers of a state-owned plantation in Deli Serdang, North Sumatra, were shot Monday in a clash involving possibly illegal tillers and employees of the Nusantara II plantation.

Today's calm may turn to chaos

Today's calm may turn to chaosBy Hermawan Sulistyo JAKARTA (JP): Renewed student demonstrations have marked the local political landscape in the last three months. Many might contend the rallies serve as an indicator of political and social tensions.

RI economy worse than IMF hopes

RI economy worse than IMF hopes The government has taken several measures in its efforts to restore the economy, which has been affected by a monetary crisis since July 1997. Economist Kwik Kian Gie reviews economic developments during 1997.

Coral is dying: Expert

Coral is dying: Expert VICTORIA (AFP): Coral is dying at massive rates around the world as a result of global warming, U.S. expert warned.He said 80 percent of the corals in the Seychelles and 90 percent of those in Indonesia were already dead, and that the worst was yet to come because sea...

Bank looses billions through corruption

Bank looses billions through corruption MATARAM, West Nusa Tenggara: The prosecutor's office here is investigating allegations of corruption reaching billions of rupiah at the local Bank Pembangunan Daerah, the regional development bank.

S'pore races ahead with costly petrochemical plan

S'pore races ahead with costly petrochemical plan SINGAPORE (AFP): As other recession-hit Asian economies shelve mammoth infrastructure projects, Singapore is going full steam ahead with its ambitious plan to create a new island for a world class petrochemical complex.The S$7 billion (US$4.

S'pore sugar for Aceh

S'pore sugar for Aceh JAKARTA (JP): PT Kandi Agung, a private company in Banda Aceh, has begun importing cheaper sugar from Singapore instead of Jakarta to meet a rising demand during the Ramadhan fasting month, Antara reported from the Aceh capital on Monday.

Government bank guarantee to stay in place: Sjahrir

Government bank guarantee to stay in place: Sjahrir JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin reaffirmed on Monday that the government guarantee on depositors' money at poorly capitalized banks would remain in place even if the banks had to be closed down.

Petrosea wins contract

Petrosea wins contract JAKARTA (JP): Publicly listed PT Petrosea has been awarded a US$50.8 million project for phase seven of Total Indonesie's Tunu Field Development Project in East Kalimantan, the company announced on Monday.

Indra has slim chance in Copenhagen Masters

Indra has slim chance in Copenhagen Masters JAKARTA (JP): Indonesia's men's singles shuttler Indra Wijaya was left with a slim chance of going through to the 1998 Copenhagen Masters final after one victory and one defeat on Sunday.The Copenhagen Masters runs until Dec. 31.

Entertainment spots sealed off

Entertainment spots sealed off JAKARTA (JP): A gaming hall and a gambling den located on the first and third floors of the six-story Prinsen Park building in the Lokasari complex in West Jakarta were temporarily sealed off by the city public order office on Sunday, an official said.

TV Program: Tuesday, Dec. 29, 1998

TV Program: Tuesday, Dec. 29, 1998TVRI 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 Documentary: Tanah Airku 9:00 Music 9:30 Live Reports: Pencanangan Tahun Kriya dan Rekayasa 2:00...

ABRI to stay neutral in next year's poll

ABRI to stay neutral in next year's poll JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto promised on Monday that the military would not back Golkar in next year's general election, and that it would treat all contestants equally.Addressing the media after he met with President B.J.

Nationalism and studying abroad

Nationalism and studying abroadFrom Bisnis IndonesiaBisnis Indonesia of Dec.18 carried the articles Jakarta in chaos, MNC reacts and Relocation of shoe factory to Vietnam side by side.The situation in our country is really saddening.

Tourist arrivals drop 5.3%

Tourist arrivals drop 5.3% SINGAPORE (AFP): Visitor arrivals in Singapore fell 5.3 percent from a year earlier to 506,950 in November with the number of tourists from Southeast Asia falling markedly, the Singapore Tourism Board said Monday.

Bank Rama needs Rp 262 billion for recapitalization program

Bank Rama needs Rp 262 billion for recapitalization program JAKARTA (JP): Publicly listed Bank Rama announced on Monday that it would need Rp 262 billion (about US$35 million) to boost its capital adequacy ratio (CAR) to the desirable level.

Improper meddling?

Improper meddling? This is a final follow-up to attempts to get feedback on a complaint about an official in the Medan Immigration Office who extorted many millions of rupiah at a time (in premonetary crisis value) from expatriates and Indonesians. Finally, on Dec.

BBD employee jailed for embezzlement

BBD employee jailed for embezzlement JAKARTA (JP): The Central Jakarta District Court sentenced an employee of state Bank Bumi Daya (BBD) on Monday to six years in jail and fined him Rp 5 million for embezzling Rp 630 million.

El Nino brings drought, floods and failed harvests

El Nino brings drought, floods and failed harvestsBy Mira Gajevic HAMBURG (DPA): Drought in Indonesia, record floods in Central and East Africa and a failed harvest in Latin America are all a result of the 1997/98 El Nino.

Association will give cash bonus for Supriati's gold

Association will give cash bonus for Supriati's gold JAKARTA (JP): The Indonesian Amateur Athletics Association will hand over a cash bonus to Supriati Sutono, the gold medalist in the women's 5,000 meters in the 13th Asian Games, probably next week.

Kamra and ABRI's prestige

Kamra and ABRI's prestige The government has finally decided to take the middle road in trying to overcome its security personnel shortage by forming a 40,000-strong people's security unit (Kamra). The government -- through Armed Forces Chief/Minister of Defense Gen.

Nonfeature TV miniseries face lck of public recognition

Nonfeature TV miniseries face lck of public recognitionBy Gotot Prakosa JAKARTA(JP): The term sinetron is an acronym for Sinema Elektronik, coined by Soemardjono, a national film figure who died in August 1998. He came up with sinetron as terminology for television miniseries.

Tabloid managing editor called in for defamation

Tabloid managing editor called in for defamation JAKARTA (JP): Jakarta Police on Monday summoned the managing editor of the new biweekly Warta Republik tabloid to answer allegations of defamation, following a lawsuit lodged by the country's former vice president Try Sutrisno.

Where to go in Bandung:

Where to go in Bandung:Performance * Puppet Show, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 9:30 p.m., Jan. 2.Talk * Discussion on Literature: Dramatisasi Puisi, Pujangga Manik, at Gedung Kesenian Rumentang Siang, 4 p.m., Jan. 3.

SE Asian monies slip lower on year-end dollar demand

SE Asian monies slip lower on year-end dollar demand SINGAPORE (Dow Jones): Southeast Asian currencies ended Asian trading hours on Monday lower against the U.S. dollar. But with many market participants away from their desks during the holiday season, few dealers were prepared to read any...

Rights activist Munir named 'Man of the Year'

Rights activist Munir named 'Man of the Year' JAKARTA (JP): The man of the year, in the opinion of Ummat weekly, is Munir, coordinator of the Committee for Missing Persons and Victims of Violence (Kontras).

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec.28, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 425 -25 2,500 AHAP Insurance 400 0 0 Alter Abadi 275 0 25,000 Alumindo Light Metal 325 -25 426,000 Alumindo...

Rp 8b in losses in Tanjung Enim fire

Rp 8b in losses in Tanjung Enim fire TANJUNG ENIM, South Sumatra: The fire which ravaged dozens of houses in the South Sumatran town of Tanjung Enim on Friday is estimated to have caused Rp 8 billion in material losses, Antara reported Monday.The chief of the Lahat police precinct, Lt. Col.