Indonesian Political, Business & Finance News

Archive: 8 December 1998

51 articles found

Thanks to Garuda

Thanks to Garuda I would like to relate a very positive experience on Nov. 13, 1998. We were 50 expectant participants for Jungle Run 9 in Tana Toraja, scheduled on the 12:30 p.m. Garuda flight from Jakarta to Ujungpandang.

Meaning of democracy

Meaning of democracyFrom Media IndonesiaApparently we still have a lot to learn about democracy. The New Order regime interpreted democracy as holding total power (judiciary, executive and legislative, even military) in one hand.

Obuchi to attend ASEAN summit

Obuchi to attend ASEAN summit TOKYO (Reuters): Prime Minister Keizo Obuchi will attend the Association of Southeast Asian Nations (ASEAN) summit meeting in Hanoi on Dec.15 through Dec. 16, which includes a Japan-ASEAN summit on the Dec. 16, a senior Foreign Ministry official said on Monday.

Obituary

Obituary Soebadio Sastrosatomo, an independence fighter and a politician after Indonesian won its independence, died of old age at the Metropolitan Medical Center (MMC) on Monday.Antara reported that he died at MMC after having been treated at the hospital for a month for various health problems.

ASEAN leaders urge trade, finance liberalization

ASEAN leaders urge trade, finance liberalization HANOI (Dow Jones): Southeast Asian leaders will call for increased liberalization of trade and services and faster implementation of a regional tariff agreement at a summit of leaders in Hanoi next week, according to a preliminary draft of a joint...

English language teaching must be reformed

English language teaching must be reformedBy A. Chaedar Alwasilah This is the first of two articles on the necessity of reform in the teaching of English as a foreign language in Indonesia. BANDUNG, West Java (JP): May 1998 marked a new era of reform for all walks of Indonesian life, including...

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.

DHL's money-back guarantee

DHL's money-back guarantee JAKARTA (JP): PT Birotika Semesta/DHL Worldwide Express launched on Tuesday a new service called The USA First's Service Guarantee that promises door-to-door delivery of any shipment from a number of major cities in Indonesia to the United States in two days.

Author forecasts a cautious resumption of growth in Asia

Author forecasts a cautious resumption of growth in AsiaBy Edward Neilan TOKYO (JP): Always ahead of the curve in anticipating change, historian-author-consultant Daniel Yergin is already talking about "The Asian Comeback.

Students told to stop denouncing ABRI

Students told to stop denouncing ABRI JAKARTA (JP): Minister of Education and Culture Juwono Sudarsono appealed to students on Monday to stop bashing the Armed Forces (ABRI) while the nation's security and stability is in a most precarious position.

Thailand calls for Cambodian reforms

Thailand calls for Cambodian reforms BANGKOK (AP): Despite the United Nations' recent decision to admit Cambodia, Thailand is still cautious about allowing the country to join the Association of Southeast Asian Nations, a Foreign Ministry official said on Monday.

When a doctor's honest help paid back with a cruel attack

When a doctor's honest help paid back with a cruel attackBy Yogita Tahil Ramani JAKARTA (JP): It was dusk on Nov. 27 and Andi Santosa, a 47- year-old general practitioner, was at his rented practice on Jl. Dewi Sartika, East Jakarta.He was alone.

E. Timorese mark anniversary of 'invasion' with protests

E. Timorese mark anniversary of 'invasion' with protests JAKARTA (JP): East Timorese marked the 23rd anniversary of what they described as the territory's invasion by Indonesia by dancing and protesting at the United Nations headquarters here.

Muchtar, Ratna to get awards

Muchtar, Ratna to get awards JAKARTA (JP): Labor leader Muchtar Pakpahan and playwright Ratna Sarumpaet have been named as recipients of awards by two separate international bodies advocating human rights.The awards will be handed at separate ceremonies on Dec.

Rupiah end unchanged, stocks gain 2.3 percent

Rupiah end unchanged, stocks gain 2.3 percent JAKARTA (JP): The rupiah remained steady to close at 7,550 against the U.S. dollar in dull trading on Monday but stock prices gained 2.3 percent.Currency dealers said trading activities had significantly subsided and most participants had moved to the...

The long and painful process of reforming a government

The long and painful process of reforming a governmentBy Owen Podger This is the second of two articles on the obstacles blocking attempts to reform the government. JAKARTA (JP): Why has the government delayed implementing functional positions (jabatan fungsional)? The reason given by the Ministry...

Ghalib says Tommy's Timor car nepotistic

Ghalib says Tommy's Timor car nepotistic JAKARTA (JP): Attorney General Andi M. Ghalib described the former president Soeharto's national car program, entrusted to his own son Hutomo Mandala Putra, as a graft-infested project designed entirely for self-profit.

Assets: Getting better value for money

Assets: Getting better value for moneyBy C.J. de Koning The following is the second of two articles on Indonesia's economic crisis. LONDON (JP): How does the IMF program for Indonesia fit into this analysis? Selling state-owned companies to the private sector shifts ownership in the expectation...

Govt will open Java, Bali to foreign mining investments

Govt will open Java, Bali to foreign mining investments BANDUNG, West Java (JP): Both Java and Bali will be opened to foreign mining investments under the eighth generation Contract of Work (COW) which is being drafted by the Ministry of Mines and Energy, a ministry official said here on Tuesday.

Troops rescue man from mob's attack

Troops rescue man from mob's attack JAKARTA (JP): Hundreds of Duri Utara, West Jakarta residents on Monday evening threw stones at the house of a local resident who was hiding inside after wounding a youth with a sword.

Reform justification for blasphemy?

Reform justification for blasphemy? President B.J. Habibie said reforms do not intend to destroy what the country has achieved these past decades. Reforms should not serve as a reason for people to blaspheme one another or force their own will on others.

Lifter Indri bags RI's 1st medal

Lifter Indri bags RI's 1st medalBy Primastuti Handayani BANGKOK (JP): Liu Xiuhua of China won the gold medal in the 48 kilograms women's weightlifting event on the second day of the 13th Asian Games.Liu lifted a total of 187.5 kilograms and set a new snatch record of 83.5 kilograms.

Sporting superpower has nervous start to Asian Games

Sporting superpower has nervous start to Asian Games BANGKOK (Agencies): China struggled to establish its superiority on the first day of serious Asian Games competition Monday with its swimmers slowing down and its shooters off target.

Prabowo to be honored in retirement ceremony

Prabowo to be honored in retirement ceremony JAKARTA (JP): The former commander of the Army's Special Force (Kopassus), Lt. Gen. (ret) Prabowo Subianto, is among 70 generals invited to bring their service to an honorable end in a formal retirement ceremony on Thursday.

Private Budi sues Wiwid

Private Budi sues Wiwid JAKARTA (JP): Private Budi Leksono, a member of the Presidential Guard, lodged a complaint at the Central Jakarta Police station on Monday against Wiwid Pratiwo for defamation."Wiwid has spread lies with groundless statements.

Fishing boat catches fire

Fishing boat catches fire DENPASAR, Bali: A fishing boat caught fire on Saturday off Bali but all the crew swam to safety to Ketapang, south of Denpasar, Antara reported on Monday.Bali Police spokesman Maj. Y.

In search of talented teachers

In search of talented teachers Iwan Pranoto in his article "Nation needs talented teachers" (The Jakarta Post, Dec. 3) stated some of the problems in the Indonesian educational system and suggested several solutions, focusing on improving the quality of teachers.

New Year's party is still on

New Year's party is still on SURABAYA: People hoping to celebrate the New Year in style will be allowed to have their party after all.The East Java provincial administration ruled on Monday that entertainment locations may open during the first 13 days of the Ramadhan fasting month, but only...

Japan will aid Vietnam

Japan will aid Vietnam TOKYO (AFP): Tokyo will give financial assistance worth 100 billion yen (US$847 million) to Vietnam and consider giving part of the US$30 billion Asian rescue fund to the country, a report said on Monday.

Civilians rewarded for helping police arrest criminals

Civilians rewarded for helping police arrest criminals JAKARTA (JP): City police honored three civilians on Monday for helping law enforcement officers catch criminals in the capital.Awards of certificates and Rp 125,000 (US$17) cash each were presented by Jakarta Police chief Maj. Gen.

Gold donations to be auctioned

Gold donations to be auctioned JAKARTA (JP): The government will auction on Tuesday and Wednesday 100.79 kilograms of gold collected from the public during the "I Love Rupiah" campaign earlier this year.

Marzuki elected to chair human rights commission

Marzuki elected to chair human rights commission JAKARTA (JP): Marzuki Darusman was elected as the new chairman of the National Commission on Human Rights during a meeting on Saturday that also saw the appointment of six new members, the commission announced on Monday.

Questioning of Sjahrir on hold

Questioning of Sjahrir on hold JAKARTA (JP): The city police have temporarily ended the questioning of Sjahrir, one of the country's top economists, a senior officer said on Monday.Head of the Jakarta Police unit for special crimes, Lt. Col.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 7, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 400 0 17,000 AHAP Insurance 400 0 0 Alter Abadi 275 -25 43,000 Alumindo Light Metal 300 25 90,500 Alumindo...

Islets facing growing poverty

Islets facing growing poverty JAKARTA (JP): About 900 islands, mostly inhabited by fisherfolk, have become pockets of poverty, Minister of Home Affairs Syarwan Hamid said on Monday, blaming a lack of coordination between the central and regional governments.

BP, Caltex plan tie-up

BP, Caltex plan tie-up MELBOURNE (AFP): The Australian arm of British Petroleum said on Monday it was in discussions on a possible joint venture with Caltex Australia Ltd to jointly operate their oil refineries in the country.

Samsung swaps car unit for Daewoo firm

Samsung swaps car unit for Daewoo firm SEOUL (Reuters): South Korea's Samsung will swap its troubled car business for the debt-burdened electronics company of its rival Daewoo as the country's bloated conglomerates on Monday announced moves to shed scores of their units.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Dec. 7, 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 1 589.70 659.70 - -Australian dollar 1 4,450.90 4,710.90 4,435.00 4,785.00Belgian franc 1 197.80 222.

Govt criticized over decision to lift fertilizer subsidy

Govt criticized over decision to lift fertilizer subsidy JAKARTA (JP): The House of Representatives criticized on Monday the government's decision to lift its subsidy on fertilizers in one go, saying the decision would further cut the country's rice production.

Customs exchange

Customs exchange Correction: Regarding the caption on this page in the Business and Investment section on Saturday, Darwin will be the site of the preclearance facility set up by the Directorate General of Customs and Excise and the Northern Territory's Asia and Trade division.

Court turns down claim against Dharmala Agrifood

Court turns down claim against Dharmala Agrifood JAKARTA (JP): The Jakarta Commercial Court on Monday turned down a bankruptcy claim jointly filed by publicly owned Bank Niaga, ING Indonesia Bank and the International Finance Corporation (IFC) against PT Dharmala Agrifood.Presiding judge Ch.

ASEAN police chiefs in S'pore

ASEAN police chiefs in S'pore SINGAPORE (AP): Southeast Asian police chiefs predicted on Monday that drug trafficking, piracy of copyrighted materials and computer fraud would probably be the biggest regional cross- border crimes in the next century, Singapore's state-run television reported.

Two former ministers to be questioned

Two former ministers to be questioned JAKARTA (JP): Two former industry ministers under former president Soeharto -- Mohamad "Bob" Hasan, Tunky Ariwibowo -- will be questioned by the Attorney General's office on Tuesday on possible corruption relating to the former president.

Political tension could heighten

Political tension could heighten Unrest and uncertainty have been spreading through Indonesia at an alarming rate in recent months. Azyumardi Azra, who is professor of history and rector of the Syarif Hidayatullah State Institute for Islamic Studies (IAIN) in Jakarta, warns the situation could get...

'Many firms prefer to hold meetings outside Jakarta'

'Many firms prefer to hold meetings outside Jakarta' BOGOR, West Java (JP): The uncertainty over security and the political situation in Jakarta has provided opportunities for hotels and resorts outside the capital.

Medal winner Indri following in the footsteps of her father

Medal winner Indri following in the footsteps of her father BANGKOK (JP): Sri Indriyani may not be as well-known as the Indonesian badminton players, but the weight lifter stole the limelight after winning the country's first medal at the 13th Asian Games.

Habibie rejects plan to hold national dialog

Habibie rejects plan to hold national dialog JAKARTA (JP): President B.J. Habibie has poured cold water on the National Resilience Council's (Lemhanas) plan to hold a national dialog, saying it may create more problems than it intends to solve.

Brebes calm after Sunday riot, police still investigating

Brebes calm after Sunday riot, police still investigating SEMARANG, Central Java (JP): Police in Brebes have said they are still investigating a riot on Sunday in which 10 people were hurt when Golkar supporters clashed with followers of the splintered Indonesian Democratic Party (PDI) faction led...

Student's death investigated

Student's death investigated AMBON, Maluku: A Pattimura University team probing the mysterious death of one of its students following clashes with security forces here last month has promised to continue with the investigation.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Fine Arts Exhibition: Gonjang Ganjing Negeriku, by Herry Dim, at Galeri Taman Budaya Jawa Barat, Jl. Bukit Dago Selatan No. 53, 9 a.m. to 1 p.m. and 4 p.m. to 7 p.m., until Dec. 11.

Asian Games results

Asian Games resultsCyclingMen's downhill: 1. P. Kongsamut (Tha) 3min 43.13sec 2. Takashi Tsukamoto (Jpn) 3.44.79 3. Lam Brian Cook (Hkg) 3.57.65Women's downhill: 1. Sachiko Kamakura (Jpn) 4min 26.49sec 2. Mami Masuda (Jpn) 4:44.15 3. Chen Ju Miao (Tpe) 4:54.18ShootingWomenTeam Air Rifle: 1.