Indonesian Political, Business & Finance News

Archive: 5 December 1998

53 articles found

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Batik Exhibition: The Awakening of Batik at the end of the Millennium, at Galeri TC, Jl. Kemang Raya 24A, South Jakarta (Phone: 7194270), 11:30 a.m. to 12 a.m., until Dec.31. * Photo Exhibition: My Imagination, by Aendra H.

Coca-Cola, Taman Ria Senayan tie up

Coca-Cola, Taman Ria Senayan tie up JAKARTA (JP): Beverages company PT Coca-Cola Indonesia signed an agreement with the management of Taman Ria Senayan amusement park on Friday to promote both Coca Cola products and the park.

Live TV shows

Live TV shows JAKARTA (JP): Sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):Saturday:English soccer league: Aston Villa v Manchester United, SCTV at 10 p.m.Sunday:Italian soccer league: Juventus v Lazio, RCTI at 9:30 p.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 Tourism 9:00 TV Drama: Tasi Oh Tasi 10:00 Interval 2:00 p.m.

IMF defends Asia deals, WB denies rift

IMF defends Asia deals, WB denies rift WASHINGTON (Reuters): The International Monetary Fund defended its reform recipes for Asia on Thursday while the World Bank, whose officials have questioned IMF-mandated high interest rates, said it never intended to criticize the fund.

Japan to help ASEAN firms

Japan to help ASEAN firms TOKYO (AP): Japan's government will help smaller companies in Southeast Asia raise funds to help ease the credit contraction in the region, the Nihon Keizai Shimbun said in its Friday morning edition.

North Korea, Laos Asiad debtors

North Korea, Laos Asiad debtors BANGKOK (Reuters): Asian sports debtor nations -- formally -- are Laos and North Korea.Cambodia is maybe a downside risk.An Asian Games spokesman said two days before the start of the Dec.

WTO urges RI to speed up reform for sake of stability

WTO urges RI to speed up reform for sake of stability GENEVA (Reuters): Indonesia must accelerate implementation of reforms if it is to stabilize its battered economy next year and return to growth in 2000, the World Trade Organization (WTO) said on Friday.

Bukittinggi not closed to tourists

Bukittinggi not closed to tourists JAKARTA (JP): The information officer of West Sumatra, Yohannes Dahlan, denied on Friday reports that Bukittinggi was closed to foreigners.The province is secure and orderly, "and ready to receive tourists at any time," Yohannes said.

Financier Soros in Mahathir call

Financier Soros in Mahathir call WASHINGTON (Reuters): International financier George Soros called on Thursday for the ouster of Malaysian Prime Minister Mahathir Mohamad and the release of the country's former finance minister, Anwar Ibrahim.

ASEAN 'must rethink' noninterference policy

ASEAN 'must rethink' noninterference policy HONG KONG (AP): Southeast Asian nations battling a protracted financial crisis will have to reassess their commitment of non- interference in each other's affairs, the commander of U.S. forces in the Pacific said on Friday.Adm.

Govt to be flexible on state budget, Bappenas official

Govt to be flexible on state budget, Bappenas official JAKARTA (JP): The government may extend the budget for the current fiscal year, which ends next March, to the end of 1999 taking into account the country's political dynamics, a senior official has said.

Traffic detour on Jl. Jend. Sudirman

Traffic detour on Jl. Jend. Sudirman JAKARTA (JP): Traffic on Jl. Sudirman in South Jakarta will be partly detoured from 9 p.m. on Saturday night to 5 a.m. on Sunday morning due to the demolition of a pedestrian bridge in front of the Chase Plaza complex, an official of the Land Transportation...

Soeharto ready to face probe

Soeharto ready to face probe JAKARTA (JP): Former president Soeharto, the target of a new government corruption probe, said on Friday that he is ready to face questioning, but he also pleaded for the public to stop condemning him and his family.Meanwhile, Attorney General Lt. Gen.

Tangerang to renovate 34 dilapidated schools

Tangerang to renovate 34 dilapidated schools TANGERANG (JP): Renovation will begin soon on 34 state elementary schools in a complete or advanced state of disrepair to allow students to study undisturbed, an education official said on Friday.Moch.

300 register to join auction of frozen banks' vehicles

300 register to join auction of frozen banks' vehicles JAKARTA (JP): At least 300 people have submitted the required guarantee fee in order to take part in next week's auction of 83 cars and 41 motorcycles belonging to banks frozen by the government, an executive of the organizers said Friday.

Regent Pacific buys stake in Budi Acid

Regent Pacific buys stake in Budi Acid JAKARTA (JP): Hong Kong-based fund manager Regent Pacific Private Equity Ltd (RPPEL) will acquire a 5 percent stake in agrochemical firm PT Budi Acid Jaya in a new equity-for-debt swap.

Mob attacks and burns church in Ujungpandang

Mob attacks and burns church in Ujungpandang UJUNGPANDANG (JP): A Catholic church in the South Sulawesi capital city was attacked and set ablaze on Friday afternoon."We are not yet able to say where the mob had come from, but we'll investigate the incident," Ujungpandang police chief Col.

UPS predicts record 1999 for Indonesian operations

UPS predicts record 1999 for Indonesian operations JAKARTA (JP): U.S.-based courier giant United Parcel Service (UPS) is predicting a bullish 1999 for its business, which is soaring as firms try to export their way out of the economic crisis.UPS senior vice president for Asia Pacific, Charles A.

Habibie names Martiono as new Pertamina boss

Habibie names Martiono as new Pertamina boss JAKARTA (JP): President B.J. Habibie has named Martiono Hadianto, director general of customs and excise at the Ministry of Finance, as the next president of state oil and gas company Pertamina, Minister of Mines and Energy Kuntoro Mangkusubroto...

Oil and gas sector told to boost efficiency in face of price slump

Oil and gas sector told to boost efficiency in face of price slump JAKARTA (JP): The government is pushing the country's oil and gas sector to trim costs and whip itself into financial shape for optimal efficiency amid the continued slump in oil prices.

ICMI calls on students to stop demonstrating

ICMI calls on students to stop demonstrating YOGYAKARTA (JP): The acting chairman of the Association of Moslem Scholars (ICMI), Ahmad Tirtosudiro, has said the association hopes that students will stop demonstrating to enable a peaceful presidential succession to take place.

Pusri blamed for fertilizer scarcity

Pusri blamed for fertilizer scarcity JAKARTA (JP): Minister of Agriculture Soleh Solahuddin has laid the blame for a nationwide scarcity of fertilizers on state fertilizer company PT Pupuk Sriwijaya (Pusri).

Habibie's wife calls on mothers to send students back to school

Habibie's wife calls on mothers to send students back to school JAKARTA (JP): First Lady Hasri Ainun Habibie has appealed to mothers all over the country to prevail upon their children to resume their classes, rather than protesting in the streets, and to prepare for the nation's future.

ABRI defends major presence in the House

ABRI defends major presence in the House JAKARTA (JP): Despite growing public calls for the Armed Forces' (ABRI) presence in the House of Representatives to be brought to an end, the military implored on Friday to be allowed 55 seats in the legislature.

On visit to Indonesia

On visit to Indonesia In The Jakarta Post of Dec. 3, 1998, you quote Bisnis Indonesia in your column "Other Opinion" of page 4 as follows: "The United States, Australia, the Netherlands, Belgium and Japan have once again cautioned their citizens not to visit Indonesia".

Athletes face shutout from Asiad ceremony

Athletes face shutout from Asiad ceremony BANGKOK (Agencies): More than half the athletes competing at the Asian Games will be shut out of Sunday's opening ceremony in Bangkok.The Bangkok Asian Games Organizing Committee (BAGOC) announced that a maximum of 80 athletes and officials from each...

More cosmetics, Habibie?

More cosmetics, Habibie? The widespread skepticism which greeted Thursday's announcement that President B.J. Habibie has ordered Attorney General Andi M. Ghalib to investigate Soeharto on charges of corruption, collusion and nepotism once again shows that public confidence and trust in the...

Habibie government is stronger

Habibie government is strongerFrom PelitaTo topple Sukarno and his Old Order regime about ten students' lives were sacrificed. To make Soeharto abdicate the number of Trisakti students who died in the struggle was four.

2002 W. Cup places allotted, two for Asia

2002 W. Cup places allotted, two for Asia ZURICH (AP): FIFA's executive committee on Friday allocated the 32 places for the 2002 World Cup finals, leaving Asian nations to fight for two slots.With France automatically qualified as champion, and Japan and South Korea as co-hosts, the world governing...

Controversy besets election bill, political conservatism

Controversy besets election bill, political conservatismBy Mulyana W. Kusumah JAKARTA (JP): Debates on the bill concerning general elections have been going on within and outside the House of Representatives (DPR) amid systematic attempts by certain groups to sustain the political privileges they...

Pushing the reform agenda

Pushing the reform agenda President Habibie has on a number of occasions warned us that reform could descend into anarchy if due processes and schedules were ignored. Like in the building of skyscrapers, work has to be done in set successive stages, though possibly each at a different pace.

240 officers assigned to fight street crime

240 officers assigned to fight street crime JAKARTA (JP): The City Police detectives unit has dispatched a team of 240 personnel, including plainclothes officers in four luxury Nissan Terrano vans, to various crime black spots to beat street crime.The unit head, Col.

Rupiah firm but local stocks down

Rupiah firm but local stocks down JAKARTA (JP): The rupiah ended the week by holding steadfast at 7,525 against the U.S. dollar on Friday, but share prices shed 0.8 percent as the local stock market's topsy-turvy fortunes continued.

Doubt cast on military police investigation

Doubt cast on military police investigation JAKARTA (JP): A human rights activist said on Friday that he doubted the military police would thoroughly investigate allegations that one of its members had recruited an informer to spy on student demonstrators during the recent Special Session of the...

Conoco appraises oil well

Conoco appraises oil well JAKARTA (JP): Conoco Indonesia Inc., a contractor for state oil and gas firm Pertamina, has announced finds of gas and oil from its drilling in the West Natuna Sea.Pertamina's spokesman Ramli Djaafar said in a statement on Friday that Conoco's Belanak No.

Winners of rights award named

Winners of rights award named JAKARTA (JP): The independent Commission for Missing Persons and Victims of Violence (Kontras) and Farida Hariyani, an Acehnese woman who has been helping relatives of victims of military atrocities in Aceh, have been named winners of the prestigious Yap Thiam Hien...

U.S. seeking to help RI

U.S. seeking to help RI JAKARTA (JP): The United States has great interest in Indonesia resolving its economic crisis because of the country's pivotal role in Southeast Asia, a leading Indonesian business figure said on Friday.

Gold miners run amok over shooting rumor

Gold miners run amok over shooting rumor BOGOR (JP): Hundreds of illegal miners at the Pongkor gold mine in Bogor went on the rampage on Thursday, destroying some buildings and burning at least 11 vehicles belonging to the state-owned mining company PT Aneka Tambang, the owner of the mine site, an...

Universities form poll watchdog

Universities form poll watchdog JAKARTA (JP): Fourteen private and state universities in the country are banding together in an election watchdog to ensure next year's poll is aboveboard.The University Network For a Free and Fair Election (UNFREL) will be officially launched on Saturday.

Four women forced into prostitution

Four women forced into prostitution MEDAN, North Sumatra (JP): Four women aged 16 and 17 went to the Medan Legal Aid Institute office on Friday reporting they had been made to work as prostitutes in a red-light district in Bandar Baru, 50 kilometers south of the provincial capital.

Civil, political rights in Islam

Civil, political rights in Islam This is the second of two articles based on a paper prepared by Dr. Nurcholish Madjid, rector of The University of Paramadina Mulya in Jakarta, for the Seminar on Enriching the Universalities of Human Rights: Islamic Perspectives on the Universal Declaration of...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 4, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,350.00 7,600.00 7,350.00 7,675.00Austrian schilling 1 593.10 663.10 - -Australian dollar 1 4,525.90 4,785.90 4,510.00 4,860.00Belgian franc 1 199.15 224.

City Hall recovers Rp 350m of embezzled funds

City Hall recovers Rp 350m of embezzled funds JAKARTA (JP): The city's inspectorate office has managed to recover Rp 350 million after a thorough investigation of the loss of Rp 16 billion (US$2.13 million) in funds designated for the maintenance of official vehicles, a senior official said on...

Investigators probe Manila fire

Investigators probe Manila fire MANILA (AFP): Arson investigators on Friday grimly sifted through the ashes of a Philippine orphanage in search of clues to a fire that claimed 28 lives, mainly children, while grieving relatives struggled to identify the dead.

Asian cellular mart grows despite crisis

Asian cellular mart grows despite crisis HONG KONG (Dow Jones): Except in Indonesia, Asian cellular- telephone operators continue to add new subscribers this year despite the regional economic crisis, according to Pyramid Research.

Management reshuffle at four banks

Management reshuffle at four banks JAKARTA (JP): The government reshuffled on Friday the management of four ailing state banks that are to be merged into Bank Mandiri by placing private bankers in all the top positions.

Govt to review toll road contracts with private firms

Govt to review toll road contracts with private firms JAKARTA (JP): The government will review profit-sharing toll road contracts with private firms and renegotiate deals secured through corruption, collusion and nepotism.

Students continue to rally, although number declining

Students continue to rally, although number declining JAKARTA (JP): Although small in number, university students continued their protests Friday at four different locations, voicing a variety of new and old issues.

Graphics firms urge House to ban vertical integration

Graphics firms urge House to ban vertical integration JAKARTA (JP): The Association of Indonesian Graphics Companies (PPGI) has urged the House of Representatives to prohibit the practice of vertical integration in the country's industrial sectors.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 4, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 400 0 0 AHAP Insurance 400 0 0 Alter Abadi 300 0 72,500 Alumindo Light Metal 275 0 100,000 Alumindo Perkasa...

Crimes on toll road

Crimes on toll roadFrom Bisnis IndonesiaReading, hearing about and witnessing the hair-raising hold- ups and robberies on Jakarta's urban toll roads all make we ordinary citizens really gripped by fear in conducting our daily activities.

Change pushes up demand for news

Change pushes up demand for news JAKARTA (JP): The need to keep up to date on the latest developments in reformasi and the ups and downs of the rupiah has increased the readership of newspapers at the expense of publications focusing on women's issues and entertainments, the results of a survey of...