Indonesian Political, Business & Finance News

Archive: 5 December 1998

53 articles found

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 delegation will be allowed to march at the ceremony.

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". As far as the Netherlands are concerned, this information is wrong. There is no negative advice from the Ministry of Foreign Affairs of the Netherlands to Dutch citizens with respect to traveling to Indonesia. E.J.

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. During a session of the House special committee deliberating the political bills, the ABRI faction's spokesman on the committee, Budi Harsono, proposed a reduction of 20 seats from the current allocation of 75.

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. "We don't have much time. We will soon enter the new era of the 21st century which will be filled with challenges and competition in every field," Mrs. Habibie was quoted by Antara as saying.

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). Speaking on Friday, Soleh said that PT Pusri had failed to ensure that a sufficient supply of urea, ZA, superphospate 36 (SP36) and kalium chloride (KCl) fertilizers reached the nation's farmers.

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. "ICMI wants a peaceful presidential succession," Ahmad said on Friday in response to continuous students demonstrations. "Let's stop demonstrating...

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. Minister of Mines and Energy Kuntoro Mangkusubroto said on Friday the measure was important because there were no signs the prices would improve in the near future. "Market and prices are things which we can't control.

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 announced on Friday. Martiono will replace Soegianto who took over the helm of the country's largest state company in January. Kuntoro refused to comment in detail on Martiono's appointment.

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. Adams, acknowledged here on Friday that the rupiah's collapse against the U.S. dollar -- the major cause of the economic turmoil -- actually worked to encourage more exports.

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. Yusuf Manggabarani told journalists in a press conference with military commander Col. Husni Thamrin. It was the latest in a series of riots with religious overtones in the country over the past two weeks.

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. In a statement issued after Budi Acid's extraordinary shareholders meeting here on Friday, RPPEL said the investment was part of two private equity and corporate restructuring investment funds under the "Asian Opportunity" banner.

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. Speaking to The Jakarta Post after witnessing the crowd of people observing the vehicles on the first of the three-day Open House, managing director of PT Balai Lelang Indonesia (Balindo) auction firm, G.

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. Medita, at CCF - French Cultural Center, Jl. Salemba Raya 25 Central Jakarta (Phone: 3908580,3908585), until Dec. 15. * Fine Arts Exhibition: Ekspresi 18 Perupa, at Cemara 6 Galeri Kafe, Jl.

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. Andi Muhammad Ghalib, who was ordered by President B.J. Habibie to launch the investigation, disclosed that a summons had been sent to Soeharto's residence and questioning would begin next week.

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 Agency said on Friday. During demolition work on the east side of the street, north to south traffic traveling in the slow and fast lanes will be detoured from the intersection at Jl. Sudirman and Jl.

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.

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. Joseph Prueher, commander in chief of the U.S.

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. In remarkably blunt comments, Soros -- chairman of Soros Fund Management and adviser to the Quantum Fund -- said Malaysians should turn against Mahathir because his policies aimed to keep him in office and benefit his political allies.

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. The Jakarta Post reported on Wednesday that the town had been closed to tourists after the provincial government deemed it too unsightly following a number of recent fires.

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. In a report, the global watchdog praised the government for terminating several monopolies since the onset of Asia's financial crisis and resisting "protectionist pressures".

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. 6-20 event the only nations that had formally applied for subsidies to cover their teams' costs were Laos, North Korea and Cambodia. But war-torn Cambodia's situation is less clear.

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. The move is in line with the agreement reached at the Asia- Pacific Economic Cooperation forum summit in Malaysia in mid- November to promote efforts to stabilize the financial system in Asia.

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.

TV today

TV today TVRI 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.

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. English soccer league: Middlesbrough v Newcastle, Indosiar at 10 p.m. Asian Games: Opening ceremony, TVRI at 5 p.m.

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. The general manager of Coca-Cola Amatil Jakarta, Joe Haydon, said the agreement was aimed at giving park visitors better service and enhancing the atmosphere.

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. Basari, head of the regency's office of the education and culture ministry, said the schools were part of at least 104 elementary school buildings to be renovated this fiscal year.

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 the printed media suggested. The survey of 8,861 individuals aged between 12 and 65 was conducted in 17 cities by Sofres FSA Indonesia and was released on Thursday.

Crimes on toll road

Crimes on toll road From Bisnis Indonesia Reading, 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. A question arises in us as toll road users, is it wrong and what is the penalty if we, in order to save ourselves, ram our vehicles into the robbers? We would like to appeal to the authorities to give their attention to this matter. BUDY JACOB Jakarta

Stock Exchange

Stock Exchange Stock 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 125 0 0 Aneka Kimia Raya 225 25 500 Aneka Tambang 1,650 -75 4,910,000 Anwar Sierad 125 25 126,000 Apac Centertex Corp.

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. The association's chairman Fauzi Lubis urged a House commission currently deliberating the antimonopoly bill to make vertical integration unlawful on the grounds that the practice had eaten up many small downstream businesses.

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. The day began with the presence of some 500 KAMMI (Indonesian Moslem Students Action Force) members at about 10 a.m. at the Hotel Indonesia traffic circle in Central Jakarta.

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. Minister of Public Works Rachmadi Bambang Sumadhijo said on Thursday the renegotiations would be based on whether they conformed to Presidential Decree No. 7/1998 on open and competitive tenders. "We are inviting all investors. We will not discriminate.

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. Bank Mandiri's chief commissioner, Mar'ie Muhammad, said that the reshuffle marked the start of the consolidation process of the four banks, Bank Bumi Daya (BBD), Bank Ekspor Impor Indonesia (Bank Exim), Bank Dagang Negara (BDN) and Bank Pembangunan Indonesia (Bapindo).

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. "Throughout the region you're seeing net new additions" of subscribers, said Ross O'Brien, Asian research director at Pyramid, a division of the Economist Intelligence Unit, which in turn is a sister company of the Economist.

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. Many of the victims, five adults and 23 children under the age of five, were burned beyond recognition in the inferno early Thursday.

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 Friday. Deputy Governor for Administrative Affairs Abdul Kahfi said that reports from the inspectorate office indicate that the funds were embezzled mostly by officials from the city's supplies office.

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 7,675.00 Austrian schilling 1 593.10 663.10 - - Australian dollar 1 4,525.90 4,785.90 4,510.00 4,860.00 Belgian franc 1 199.15 224.15 - - Brunei dollar 1 - - 4,385.00 4,710.00 Canadian dollar 1 4,665.50 4,945.50 4,600.00 5,100.00 Swiss franc 1 5,311.75 5,591.75 5,135.00 5,635.00 Deutschemark 1 4,305.00 4,565.00 4,215.00 4,615.

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 Human Rights, held in Geneva, on Nov. 9-10.

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 government are at a dangerously low ebb. The announcement came in the wake of mounting protests at the government's foot-dragging in the investigation of the former president.

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. "Our vision is to create the new democratic Indonesia through a fair and just election," Ani Sutjipto of the University of Indonesia said on Friday during the inaugural meeting of the new group.

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 official said on Friday.

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. Tony Agus Ardie of the Indonesian Chamber of Commerce and Industry (Kadin) told a news conference that economic collapse in the country would adversely affect the Southeast Asian economy, a major market for American goods. "The U.S.

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 human rights award. Kontras, led by human rights lawyer Munir, 32, from the Indonesian Legal Aid Foundation, and Farida, 33, will receive the award on Dec.

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. 5 appraisal well sprouted a total of 8,000 barrels of oil per day (bpd) and 7.5 million cubic feet per day (MMSCFD) of natural gas during the recent drill stem tests.

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 People's Consultative Assembly (MPR).

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. Currency dealers said the rupiah, which slid to 7,550 on Thursday, failed to gain steam on Friday because fresh dollar demand by several state banks capped its upward movement.

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. Gories Mere, told reporters on Friday that each of the glossy black vans, for example, would be ridden in by four or five undercover armed officers.

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. The public, however, does not appear to be too much inclined to follow theoretical concepts. What matters to them is that results are secured, fast and complete.

Controversy besets election bill, political conservatism

Controversy besets election bill, political conservatism By 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 enjoyed during the rule of Soeharto's New Order administration. The DPR special committee for political bills, for example, came to an agreement on Nov.

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 body was left with one less qualifying place overall than in this year's tournament. FIFA decided Asia should have four nations in the finals, including the two already qualified.

Habibie government is stronger

Habibie government is stronger From Pelita To 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. What about the Habibie government? Despite the high number of fatalities in the Semanggi incident, it still stands. It proves that the Habibie government is stronger than the two previous governments.

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. The four -- Af, Fl, Fd, and Ck -- said that they were employed under duress for one month to serve "their guests" in a guest house near the brothel complex in the mountainous resort.