Indonesian Political, Business & Finance News

Archive: 28 February 1998

56 articles found

Moslems pray for MPR's success

Moslems pray for MPR's success JAKARTA (JP): Thousands of Moslems in many parts of the country held special services yesterday to pray for the success of the General Session of the People's Consultative Assembly (MPR) which starts tomorrow.

Govt defines hoarding as 3 months worth of stocks

Govt defines hoarding as 3 months worth of stocks JAKARTA (JP): The Ministry of Industry and Trade issued a ruling yesterday banning commodity suppliers from holding more than three months worth of stocks in a move to curb hoarding.

IMG has no contact with PT HM Sampoerna

IMG has no contact with PT HM Sampoerna JAKARTA (JP): The organizer of the Thomas and Uber Cups' final has denied that local cigarette maker has signed a contract to sponsor the events.Mark Adams, director of the International Management Group (IMG), the organizer of the Thomas and Uber Cups'...

Indonesia being watched

Indonesia being watched With reference to an article by Sayidiman Suryohadiprojo in The Jakata Post, Feb. 20, 1998. I agree with the author's assertion that certain nations, particularly the U.S., do not want to see "an unacceptably stronger Indonesia among nations".

Jakarta is facing blood shortage, Red Cross says

Jakarta is facing blood shortage, Red Cross says JAKARTA (JP): The Indonesian Red Cross (PMI) is facing a shortage of blood stocks in Jakarta due to a lack of donors over the past four months, an executive said yesterday.

Diarrhea claims 18 lives in East Nusa Tenggara

Diarrhea claims 18 lives in East Nusa Tenggara KUPANG, East Nusa Tenggara (JP): Diarrhea has claimed 18 lives and hospitalized 740 people in the regencies of Timor Tengah Selatan and Belu over the past week, officials said yesterday.The worst hit is Timor Tengah Selatan, where 13 people have died.

MPR must honors people's trust

MPR must honors people's trustBy Aleksius Jemadu BANDUNG (JP): On March 1 the attention of all Indonesians will be focused on Senayan in Jakarta, where the 1000 members of the People's Consultative Assembly (MPR) begin their quinqennial General Session.

Govt opens door to foreign universities

Govt opens door to foreign universities JAKARTA (JP): The government has opened the door to foreign universities to operate in Indonesia in a bid to improve the quality of Indonesian college graduates.Minister of Education and Culture Wardiman Djojonegoro also announced yesterday other sweeping...

NU members told to look to Iraq

NU members told to look to Iraq SEMARANG: Members of the 30-million-strong Nahdlatul Ulama (NU) are being advised to look to Iraqis for an example of loyalty to the government.Achmad, a senior executive of the local branch of NU, said Tuesday Moslems across the country needed to unite and line up...

Thai PM Chuan Leekpai to visit Indonesia

Thai PM Chuan Leekpai to visit Indonesia JAKARTA (JP): Thai Prime Minister Chuan Leekpai will pay a one-day working visit to Indonesia on Monday, a Palace official said yesterday.The official cited the purpose of the visit as the continuation of a long tradition among members of the Association of...

Trains readied in case of strikes

Trains readied in case of strikes BANDUNG, West Java: The state-owned railway company Perumka is preparing 1,030 coaches to accommodate increased passengers should strikes of public transportation drivers spread, an official said yesterday.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Feb. 27, 1998: Buying Selling Rp Rp U.S. dollar 1 8,250.00 10,750.00Austrian shilling 1 535.10 843.30Australian dollar 1 4,929.70 7,021.00Belgian franc 1 195.40 277.20Canadian dollar 1 5,136.70 7,276.

Forest fires endanger rare species

Forest fires endanger rare species JAKARTA (JP): The spreading forest fires in East Kalimantan have wrought havoc to endangered species in the Kutai National Park, a news report said yesterday.Forest rangers and soldiers mobilized to put out the conflagration that has been raging for several weeks...

ASEAN vows to speed up reforms in customs sector

ASEAN vows to speed up reforms in customs sector JAKARTA (JP): Senior customs officials of the Association of Southeast Asian Nations (ASEAN) ended a two-day meeting here yesterday pledging to accelerate reforms in customs administration.

Student jailed for killing

Student jailed for killing JAKARTA (JP): The Central Jakarta District Court has sentenced a senior high school student to 25 months in jail for killing another senior high school student.Presiding judge P.A.

Time waits for Irianese pupils

Time waits for Irianese pupils JAYAPURA, Irian Jaya: Many students from the Inpres Yomber public elementary school have wasted two years waiting for their final exams that never materialized after their teachers "fled" to Manokwari leaving the school building high and dry.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 27, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 675 0 0 AHAP Insurance 400 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 300 0 791,000 Alumindo Perkasa...

Malaysia upset by surge in illegal immigrants

Malaysia upset by surge in illegal immigrants KUALA LUMPUR (AFP): Malaysia is becoming alarmed at an influx of Indonesians landing here, with 3,000 illegal immigrants arrested in a two-week period this month compared with less than 9,000 for the whole of last year.

Karaoke contest at 19 outlets

Karaoke contest at 19 outlets JAKARTA (JP): Are you depressed by the monetary crisis? Now is your chance to sing your blues away at a karaoke competition being held at 19 major karaoke outlets in the city.The competition, Chivas Regal Music Talent Awards 1998, which started on Feb.

Golkar gears up for MPR meeting

Golkar gears up for MPR meeting JAKARTA (JP): Golkar intensified yesterday preparations for the opening of the General Session of the People's Consultative Assembly (MPR) tomorrow, marshalling members to attend briefings and signed nomination forms for the ruling faction's candidacy of Soeharto and...

Dengue kills five children

Dengue kills five children JEPARA, Central Java: Five children have died and 49 others hospitalized in the latest dengue fever outbreak in the regency, an official said Thursday."The five children died because they were admitted to the hospital when it was too late," said Kartini Hospital director...

Stocks slip as rupiah strengthens

Stocks slip as rupiah strengthens JAKARTA (JP): Local stock prices slipped slightly yesterday due to arbitrage trading on overseas-listed shares following a strengthening of the rupiah and continuing high interest rates, stockbrokers said.

USAID vows to donate $6m worth of implants

USAID vows to donate $6m worth of implants JAKARTA (JP): U.S. Aid for International Development (USAID) has pledged to donate $6million worth of implants and intrauterine devices to Indonesia, a cabinet minister said yesterday.

Local carmakers ripe for the buying

Local carmakers ripe for the buyingBy John Aglionby When General Motors announced last month that it was buying out its local partner, President Soeharto's half-brother Probosutedjo, the world sat up and took notice.

Nursalim's kidnapper dies in jail

Nursalim's kidnapper dies in jail JAKARTA (JP): One of the kidnappers involved in the abduction of business tycoon Sjamsul Nursalim has been found dead in his cell at Cipinang Penitentiary in East Jakarta.

Hercules to go cloud seeding

Hercules to go cloud seeding SAMARINDA, East Kalimantan: A Hercules C-130 aircraft will be sent here today on a cloud-seeding operation that is expected to help extinguish forest fires fast spreading in the province, Antara said here yesterday.

ASEAN finance ministers here to discuss crisis

ASEAN finance ministers here to discuss crisis JAKARTA (JP): Finance ministers of the Association of Southeast Asian Nations (ASEAN) are expected to focus on the group's worst financial crisis and the possibility of using regional currencies for intra-ASEAN trade in their second formal meeting here...

Mondale to convey U.S. 'grave concern' about RI

Mondale to convey U.S. 'grave concern' about RI WASHINGTON (AFP): Former U.S. vice president Walter Mondale will express the Clinton administration's "grave concern" about Indonesia when he travels there next week, Deputy Treasury Secretary Lawrence Summers said Thursday.

Couple found dead in housing complex

Couple found dead in housing complex TANGERANG (JP): A couple was found dead yesterday with their hands tied together at a house in the Modernland housing complex.Local residents said the bodies of Hendra Rusmawan, 47, and his wife Prastiwi, 42, were found in the bedroom after the couple's driver,...

Harjanto made German consul

Harjanto made German consul SURABAYA (JP): The government of Germany has appointed Indonesian Harjanto Tjokrosetio as its honorary consul here, in a bid to improve economic and cultural relations between the European power and East Java.

Nissan recycles

Nissan recycles TOKYO: Nissan plans to recycle 90 percent of parts from scrapped cars, on a weight basis, for new models introduced in and after 2000.The plan is based on an initiative drawn up last year by the Ministry of International Trade and Industry, aiming to raise the recycling ratio to 90...

History repeated

History repeated Politics is the art of possibility but in Indonesia it has more often appeared as the agony of frustration.The feeling is seemingly shared by most of the voters in last year's general election, who pinned their hopes for political reform on the changes promised by contestants from...

Two condo project workers plummet to their deaths

Two condo project workers plummet to their deaths JAKARTA (JP): Two workers have fallen to their deaths in North and East Jakarta over the last three days.Madekan, 40, died after falling from the 14th floor to the 13th floor in a condominium project in Ancol in North Jakarta early yesterday, while...

RI, NZ to boost trade ties

RI, NZ to boost trade ties JAKARTA (JP): Indonesia and New Zealand have agreed to promote private sector trade between each other and increase economic cooperation.The agreement was a result of the first meeting of the New Zealand-Indonesia Economic Cooperation Joint Commission, which was held here...

RI gearing up for record rice imports

RI gearing up for record rice imports CANBERRA (Reuters): Widespread rice crop failure in Indonesia because of El Nino-induced drought would stretch the country's distribution system to handle record imports, an Australian academic said on Friday.

Message from the Publisher

Message from the Publisher More than a month ago The Jakarta Post implemented several cost-efficiency measures -- including the reduction of the number of pages of the newspaper from 16 to 12 -- to cut financial losses caused by shrinking advertising revenue and rising newsprint prices.

Athletes for Asiad to be selected from KASAD Cup

Athletes for Asiad to be selected from KASAD Cup JAKARTA (JP): The Indonesian Karate-do Federation is to use the fifth KASAD (Army Chief of Staff) Cup as the first selection phase for the 13th Asian Games squad.

Airport officials seize Rp 1.15b

Airport officials seize Rp 1.15b MEDAN: Polonia Airport customs officials have foiled an attempt to smuggle Rp 1.15 billion ($143,750) in cash, three yellow-crested parrots and three arwana fish out of the country, Antara reported.

IMF okays RP GNP target

IMF okays RP GNP target MANILA (AFP): The International Monetary Fund (IMF) has endorsed a 5 percent Philippine gross national product (GNP) growth target for 1999 to follow a 3.0 percent expansion for 1998, a Filipino official said Friday.

National bowling c'ships open

National bowling c'ships open JAKARTA (JP): The four-day National Bowling Championships began at the Ancol Bowling Center yesterday.David Sitorus, the Indonesian Bowling Association's competition deputy, said about 200 athletes were entered in the six events of the championships.

A much wider gap

A much wider gap The monetary crisis has given me a new hobby, browsing around the department stores just to look at the price labels. For some, it might seem stupid but I like to see the prices change every day.

Shoe exporters suffer despite rupiah's fall

Shoe exporters suffer despite rupiah's fallBy Devi M. Asmarani JAKARTA (JP): Layers of problems, mostly regarding the import of raw materials, are impairing Indonesian shoe exporters from benefiting from the rupiah's sharp fall in value.

Student rallies at campuses not wrong: Sjafrie

Student rallies at campuses not wrong: Sjafrie JAKARTA (JP): The city military commander, Maj. Gen. Sjafrie Sjamsoeddin, said yesterday that staging rallies at campuses was not wrong but he encouraged students to make their protests through the appropriate channels.

Bank DKI to merge with provincial banks

Bank DKI to merge with provincial banks JAKARTA (JP): City-owned Bank DKI plans to merge with provincial banks in order to meet the central government's requirement of a minimum paid-up capital of Rp 1 trillion by the end of the year, an official said.

Severino presents awards to competition winners

Severino presents awards to competition winners JAKARTA (JP): ASEAN Secretary-General Rodolfo C. Severino presented awards and prizes yesterday to the winners of the ASEAN Essay, Photo and Poster Competitions.

Police guarantee security during General Session

Police guarantee security during General Session JAKARTA (JP): City police chief Maj. Gen. Hamami Nata guaranteed yesterday that the 1,000 members of the People's Consultative Assembly (MPR) could rest assured that officers would maintain security and order.

Pakistani tried for possessing heroin

Pakistani tried for possessing heroin JAKARTA (JP): A prosecutor asked Central Jakarta District Court yesterday to sentence a Pakistani man to 18 months in jail and order him to pay Rp 1.5 million (US$157) for possessing 450 grams of heroin.

Rp 55 billion for reforestation

Rp 55 billion for reforestation SEMARANG, Central Java: The provincial forestry office will receive a budget of Rp 55 billion (US$7 million) this coming fiscal year for reforestation activities, including building rice terraces, small dams and water catchment wells.

Indonesia poised to be world's top tin supplier

Indonesia poised to be world's top tin supplier KUALA LUMPUR (Reuters): Indonesia could become the world's largest supplier of tin if dominant producer China retains its current output and Peru's production stabilizes, an executive with Malaysia's biggest tin smelter said yesterday.

No specific plan yet for RI debt: Japan

No specific plan yet for RI debt: Japan TOKYO (Reuters): Japan's Ministry of Finance (MOF) said yesterday it is considering various options to solve the foreign debt problems of Indonesia's private sector but has not yet chosen one as its official proposal.

Fixing the rupiah with IMF aid

Fixing the rupiah with IMF aid Deciding whether or not to adopt a currency board system is not easy. It has been difficult to align the proposed system with the stance of the International Monetary Fund (IMF), which insists that Indonesia first carry out the 50 points of economic and monetary...

Energy saving more important

Energy saving more important JAKARTA (JP): The economic crisis is forcing businesses to save money by paying more attention to energy conservation practices, the state energy conservation consultancy PT Koneba has said.Company president Ramses O.

Habibie should prove his mettle, Rudini says

Habibie should prove his mettle, Rudini says JAKARTA (JP): Political observer Rudini believes State Minister of Research and Technology B.J. Habibie, the official sole vice presidential candidate, needs to prove that he has the required leadership qualities to hold the nation's second top position.

Respect, jokes the key to serving Soeharto

Respect, jokes the key to serving Soeharto JAKARTA (JP): Outgoing Vice President Try Sutrisno gave his advice yesterday on how to serve President Soeharto well: never try to outshine him and never run out of clean jokes to amuse him with.

Most Asian currencies firm

Most Asian currencies firm SINGAPORE (Reuters): Most Asian currencies remained firm but were off their highs in late yesterday trade as the Singapore dollar subsided after the country's 1998 budget failed to deliver any major tax cuts.

Supervision on expats

Supervision on expats I read with dismay the front page story on Thursday, Feb. 26, Special team set up to supervise expats.Zaiman Nurmatias said: "We have no choice but to tighten supervision and control on expatriates.