Indonesian Political, Business & Finance News

Archive: 3 December 1998

61 articles found

Exhibition reveals contrasting styles of local snappers

Exhibition reveals contrasting styles of local snappersBy K. Basrie JAKARTA (JP): Kayus Mulia and Eky Tandyo are both members of the Association of Indonesian Professional Photographers. But, viewing them from many angles, it is obvious the two are very different.

Int'l group denounces KL

Int'l group denounces KL KUALA LUMPUR (Reuters): Legislators representing a global rights watchdog condemned the Malaysian government on Wednesday over a jailed opposition leader, adding to international criticism of Kuala Lumpur's rights record.

Maluku earthquake toll rises to 26

Maluku earthquake toll rises to 26 JAKARTA (JP): The death toll from a severe earthquake that struck the remote Tailabu and Mangole islands in Maluku on Sunday has risen to 26, with eight people still missing, Antara reported on Wednesday.

Vehicle maintenance losses jump to Rp 16b

Vehicle maintenance losses jump to Rp 16b JAKARTA (JP): The loss of funds allocated by the city for the maintenance of official vehicles in the first eight months of this fiscal year jumped from an estimated Rp 2 billion (US$266,666) to about Rp 16 billion, an official at the city supplies office...

Epson meets business challenges

Epson meets business challenges PT Indonesia Epson Industry is a subsidiary of Sieko Epson Corporation, Japan, a company known worldwide as a manufacturer of quality computers, printers, watches, semiconductors and a wide range of electronic devices.

PPP expected to push govt for total reform

PPP expected to push govt for total reform JAKARTA (JP): The new leadership of the United Development Party (PPP) under Hamzah Haz is expected to continue the party's drive for reforms which include a reduction of the Armed Forces' role in politics and a fair democratic election next year.

Extortionist shot dead in Kota

Extortionist shot dead in Kota JAKARTA (JP): A man caught extorting money from bajaj (three- wheeled pedicab) drivers was shot dead after he wounded two pedestrians and attacked police officers in front of the Bank Exim building in Kota, West Jakarta on Tuesday.Maj.

Optimizing your stay in Jakarta

Optimizing your stay in Jakarta Situated in the heart of Jakarta, Hotel President optimizes your travel to any destination in the city. Hotel President is affiliated to Nikko Hotels International.With a choice of 315 luxury hotel rooms, as well as a fitness center, sauna, swimming pool and eight...

Indonesia, a genuine friend and partner of Japan

Indonesia, a genuine friend and partner of Japan On the occasion of the birthday of His Majesty the Emperor of Japan, The Jakarta Post interviewed His Excellency Mr. Takao Kawakami, Ambassador of Japan to the Republic of Indonesia. Here we share his thoughts concerning Japan-Indonesia relations.

Information for studying in Japan

Information for studying in Japan The Japanese Embassy's education section provides various books and brochures about studying in Japan. These books can be read free of charge in the lobby. The embassy hopes the books and brochures will be of use for prospective students at Japanese institutions.

PAL talks fail on two fronts

PAL talks fail on two fronts MANILA (Reuters): The future of Philippine Airlines Inc. was in grave doubt on Wednesday after news that talks had broken down with two potential foreign investors, Cathay Pacific Airways and Northwest Airlines Corp.

Southeast Asian currencies strengthen

Southeast Asian currencies strengthen SINGAPORE (Dow Jones): Just as the rally in Southeast Asian currencies was appearing to flag, the Philippine peso took up the baton, strengthening sharply to hit a six-month high during Asian trading on Wednesday.

Australia to dominate Jakarta mining expo

Australia to dominate Jakarta mining expo JAKARTA (JP) Australian mining equipment, technology and service suppliers will have the largest presence at the Mining Indonesia '98 exhibition, which will be opened today and run until Saturday at the Jakarta fairgrounds in North Jakarta.

Three hurt in prison brawl

Three hurt in prison brawl SEMARANG, Central Java: A fight broke out among convicts at the Ambarawa penitentiary on Wednesday, leaving three prisoners with serious injuries."The fight erupted after several convicts felt they had been treated unfairly when a senior prisoner was rationing out food...

Domestic help needs help

Domestic help needs help MALANG, East Java: Activists here are urging the government to pay more attention to household servants in the country, including through setting wage standardization.Kridawati Sadhana of the Women's Studies Institute said servants, often an integral part of the household...

Researchers fear disputes over tribal land

Researchers fear disputes over tribal land JAKARTA (JP): A group of researchers have called on the government to slow down the process of registering traditional lands, saying that moving too rapidly could do more harm than good.

Weak prices to offset growth in rubber exports

Weak prices to offset growth in rubber exports JAKARTA (JP): Increased volume of the country's rubber exports will be offset by the continuing slump in prices of the commodity on the international market, an Indonesian Rubber Association (Gapkindo) executive predicts.Gapkindo's executive director A.

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 Documentary Film 9:00 Music 10:00 Interval 2:00 p.m.

Mrs. Murdaya, ever onward!

Mrs. Murdaya, ever onward! I am a non-Buddhist. But I admire and appreciate what has been done by Mrs. Siti Hartati Murdaya. She made herself readily available to help the needy and provide suffering people with medical treatment.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 2, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,300.00 7,450.00 7,300.00 7,525.00Austrian schilling 1 577.75 647.75 - -Australian dollar 1 4,522.10 4,782.10 4,515.00 4,865.00Belgian franc 1 193.60 218.

UI student who knocked down troops released

UI student who knocked down troops released JAKARTA (JP): Police said on Wednesday that a student detained for driving his vehicle into a cordon of security personnel, injuring nine soldiers in the process, was released on Nov. 27.City police chief Maj. Gen.

Banks file bankruptcy claim against Indomobil subsidiary

Banks file bankruptcy claim against Indomobil subsidiary JAKARTA (JP): At least 12 overseas and local banks have filed a joint bankruptcy claim in the Jakarta Commercial Court against PT Bringin Indotama Finance, part of the Indomobil Group, for defaulting on debt payments.

Three killed as robbers and residents clash in Joglo

Three killed as robbers and residents clash in Joglo JAKARTA (JP): Three men were killed in a clash between three robbers and residents of Joglo in the Kembangan district of West Jakarta after the residents caught a gang of robbers stealing a 14-inch television set from a neighborhood house on...

RI's economy to start growing in 2000: Mari

RI's economy to start growing in 2000: Mari JAKARTA (JP): Fallout from domestic political turmoil rules out the country returning to the growth track before 2000, noted economist Mari E. Pangestu said on Wednesday.

Local companies reluctant to seek ISO certification

Local companies reluctant to seek ISO certification JAKARTA (JP): Most companies in Indonesia have yet to make use of the international quality standardization known as ISO, despite its increasing importance in global trade, a Ministry of Industry and Trade official has said.

Addressing export woes

Addressing export woes The latest foreign trade figures announced by the Central Bureau of Statistics earlier this week confirmed not only the extent of the damage the financial meltdown has wreaked on the economy but also the numerous hurdles to exports which businesspeople have long complained...

IBRA set to auction frozen bank's vehicles

IBRA set to auction frozen bank's vehicles JAKARTA (JP): Eighty-three cars and 41 motorcycles owned by 10 banks whose operations were suspended by the government will be auctioned to the public next week, an executive of the Indonesian Bank Restructuring Agency (IBRA) said on Tuesday.

Students rally at Merdeka Palace

Students rally at Merdeka Palace JAKARTA (JP): About 2,000 Trisakti University students broke through a tight military cordon across from the Merdeka Palace on Wednesday, only hours after President B.J. Habibie reproached them for taking to the streets.

Govt 'must review its land swap deal with Salim firms'

Govt 'must review its land swap deal with Salim firms' JAKARTA (JP): State-owned forestry firm Perum Perhutani has urged the Ministry of Forestry and Plantations to review its 1995 land swap deals with two companies in the widely diversified Salim Group.

Govt lifts subsidies, trade restriction on fertilizers

Govt lifts subsidies, trade restriction on fertilizers JAKARTA (JP): The government has decided to lift subsidies on fertilizers and remove all restrictions to their trade, Minister of Agriculture Soleh Solahuddin said on Wednesday.

Rupiah stays put but stocks up 2.38 percent on bullish sentiment

Rupiah stays put but stocks up 2.38 percent on bullish sentiment JAKARTA (JP): The rupiah ended unchanged at 7,450 against the U.S. dollar in thin trading on Wednesday but stock prices gained ground to close 2.38 percent higher.

Banks asked to form debt restructuring unit

Banks asked to form debt restructuring unit JAKARTA (JP): Indonesian banks are obliged to set up special working units to restructure their non-performing loans before Feb. 12, 1998, according to Bank Indonesia.

Hindarto plays down injury worries

Hindarto plays down injury worries JAKARTA (JP): Indonesia's chef de mission to the Asian Games, Mochamad Hindarto, shrugged off injury worries on Wednesday on the eve of his contingent's departure for Bangkok.

Suwarna denies helping student demonstrators

Suwarna denies helping student demonstrators JAKARTA (JP): Free meals became a sensitive issue on Wednesday as an angry governor denied he had a vested interest in feeding demonstrating students.East Kalimantan Governor Suwarna Abdul Fatah issued a written statement denying he had masterminded...

RI's next budget sees rupiah at 7,500 to dollar

RI's next budget sees rupiah at 7,500 to dollar JAKARTA (JP): The government assumes that the rupiah should stay at around 7,500 against the U.S. dollar in the next fiscal year starting in April 1999.In a report to the monthly cabinet meeting on economic matters on Wednesday, Minister of Finance...

Philippine exports up 17.95%

Philippine exports up 17.95% MANILA (AFP): Philippine merchandise exports earning grew 17.9 percent in the year to October from US$20.689 billion in 1997 to $24.387 billion this year, the National Statistics Office said on Wednesday.In October alone, export earnings rose by 9.3 percent from $2.

Crisis situation may increase the death rate

Crisis situation may increase the death rate JAKARTA (JP): Crime, natural disasters, epidemics and starvation brought on by sheer poverty could increase the rate of death in the next five years, a demographer said Wednesday.

Estrada promises $51,000 reward

Estrada promises $51,000 reward MANILA (AP): President Joseph Estrada promised Wednesday to give 2 million pesos (US$51,200) to any Filipino athlete who wins a gold medal during the 13th Asian Games this month in Thailand.

E. Timor rebels shoot teacher

E. Timor rebels shoot teacher DILI, East Timor: Members of the armed insurgent group Falentil group, shot dead an elementary school teacher at Viqueque, about 197 kilometers east of here, on Wednesday while he was teaching sixth grade students.East Timor police spokesman Capt.

Tax revenue at risk due to economic crisis: Official

Tax revenue at risk due to economic crisis: Official JAKARTA (JP): Director General of Taxation Effendi Ritonga said on Wednesday that the 1998/1999 tax revenue target might not be achieved due to massive demands for tax exemption in the wake of the current economic crisis.

Man gets 6 months for kidnapping

Man gets 6 months for kidnapping BOGOR (JP): The Bogor District Court sentenced Okta Yudistira alias Sarifudin, 20, on Tuesday to six months in jail for involvement in kidnapping two South Korean citizens and holding them hostage in his rented house in Cinoro.

Hamzah beats Saefuddin to become new PPP chief

Hamzah beats Saefuddin to become new PPP chief JAKARTA (JP): The United Development Party (PPP) wound up its fourth congress on Wednesday by appointing new chairman Hamzah Haz and secretary-general Ali Marwan Hanan to lead it in the daunting task of facing stiffer political competition.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting Exhibition: Different Visions, by Frans Nadjira, Charles Cham, Budhiana, Aant S. Kawisar, at Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010), daily, 12 p.m. to 8 p.m., Dec. 3.

Australian to help rebuild RI economy

Australian to help rebuild RI economy SYDNEY (AFP): A plan to help rebuild the Indonesian economy is being mounted by influential Australian business, defense and government figures backed by some of the country's most successful companies, a report said Wednesday.

Nation needs talented teachers

Nation needs talented teachersBy Iwan Pranoto BANDUNG (JP): How bad is our school system?It is very bad.Our elementary schools are very far from satisfying. It concentrates too much on forcing students to learn by rote. It does not encourage students to learn actively and to think critically.

A blow to our tourist industry

A blow to our tourist industry The United States, Australia, the Netherlands, Belgium and Japan have once again cautioned their citizens not to visit Indonesia. This alert was issued because of the uncertain political situation in this country, and because unrest and clashes have occurred in a...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 2, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 400 25 5,000 AHAP Insurance 400 0 0 Alter Abadi 300 0 61,000 Alumindo Light Metal 275 0 198,000 Alumindo...

Number of city's crime black spots doubles

Number of city's crime black spots doubles JAKARTA (JP): The number of crime black spots in the capital doubled from 31 in July to 60 last month as the result of a growing sense of desperation setting in among the segment of the city's population recently forced into life below the poverty line, an...

Habibie urged to show statesmanship

Habibie urged to show statesmanship JAKARTA (JP): Former members of the Association of Moslem Students demanded on Wednesday that President B.J. Habibie carefully weigh potential ramifications of another term in office and demonstrate statesmanship given the deep reservations about his government's...

Social conflict reach alarming levels

Social conflict reach alarming levels JAKARTA (JP): Political scientists and observers warned on Wednesday that the recent spate of racial and religious conflicts would heighten in the coming year if fundamental societal issues were continually exploited for political ends.

Indonesian loan delay won't affect 1999 schedule: IMF

Indonesian loan delay won't affect 1999 schedule: IMF WASHINGTON (Dow Jones): The International Monetary Fund said on Tuesday a delay in its disbursement of funds to Indonesia won't disrupt its schedule of loan payments to this country in 1999.

Tourist arrivals fall 19%

Tourist arrivals fall 19% JAKARTA (JP): The number of overseas tourists visiting Indonesia slumped by about 19 percent to 2.91 million people during the first 10 months of this year, down from 3.56 million people during the same period last year, the Ministry for Tourism, Arts and Culture reported...

RP pledges support to drug suspect

RP pledges support to drug suspect MANILA (DPA): The Philippine government pledged on Wednesday to provide full legal and financial assistance to a 32-year-old Filipina facing the possibility of a death penalty in Singapore for drug possession charges.

In search of a safe exit from our present crisis

In search of a safe exit from our present crisisBy Mochtar Buchori JAKARTA (JP): What is really the problem in Indonesia today? Why are we unable to solve our crisis in a peaceful and civilized manner? Why do we desert reason and passion, and resort to violence?People have different perceptions...

Public approves students action: Poll

Public approves students action: Poll JAKARTA (JP): The following are results of a survey on what the people think of the current students movement in the aftermath of the Nov. 13 Black Friday tragedy, the full story of which is presented on Page 1.1.

Molotov cocktail hits courthouse

Molotov cocktail hits courthouse LHOKSEUMAWE, Aceh: Police in North Aceh are investigating an arson attack on the Lhokseumawe courthouse in which several rooms burned."We are still hunting the people who threw a Molotov cocktail at the court building and collecting evidence from witnesses," North...

Ex-driver says Anwar sodomized him

Ex-driver says Anwar sodomized him KUALA LUMPUR (Agencies): The former driver of Malaysia's sacked finance minister Anwar Ibrahim said on Wednesday he stood by allegations he made last year accusing Anwar of committing homosexual acts with him against his will.

'Instigators' behind Kupang riots

'Instigators' behind Kupang riots JAKARTA (JP): The rioting in the East Nusa Tenggara capital of Kupang on Monday that included attacks on a number of mosques might have been orchestrated, according to Governor Piet Alexander Tallo.

Health reform essential for hospitals' survival

Health reform essential for hospitals' survivalBy Dumilah Ayuningtyas DEPOK, West Java (JP): Indonesia marked World Health Day on May 6 and National Health Day on Nov. 12, but this year both were overshadowed by the dire impact the economic meltdown has had on health services here.

Where to go in Surabaya:

Where to go in Surabaya:Exhibitions * Exhibition of World AIDS Day, at CCCL - French Cultural Center Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8:30 p.m., until Dec. 6. * Exhibition of French Mode: Mode dari Masa ke Masa, by Esther Winoto, at CCCL - French Cultural Center, 9 a.m. to 8:30 p.m.

Police under fire in Malaysia for alleged rights abuses

Police under fire in Malaysia for alleged rights abuses KUALA LUMPUR (Reuters): Beatings. Psychological torture. Coerced confessions.Malaysia's police force, grappling with unprecedented civil unrest, has become the target of scathing criticism for alleged abuses.