Indonesian Political, Business & Finance News

Archive: 9 February 1998

46 articles found

U.S. sees lower oil demand in Asian states due to crisis

U.S. sees lower oil demand in Asian states due to crisis WASHINGTON (Reuters): Due to the economic crisis in Asia, the U.S. Department of Energy Friday reduced its monthly forecast for oil demand this year in Asian countries -- excluding China and Japan -- by 300,000 barrels to 9.

German school to move to BSD

German school to move to BSD TANGERANG (JP): The German International School is scheduled to move to Bumi Serpong Damai (BSD) housing complex here in August.The new school complex is under construction at BSD and a topping-off ceremony was held yesterday to mark the completion of the basic...

More Irianese wear clothing

More Irianese wear clothing WAMENA, Irian Jaya (Antara): More Irianese living in remote areas are now able to speak Bahasa Indonesia and choose to wear clothing instead of penis sheaths, or koteka, thanks to government policy aimed at opening up the province through infrastructure development...

Bandung's rider Dadang wins Gudang Garam Championships

Bandung's rider Dadang wins Gudang Garam Championships TEGAL, Central Java (JP): Aep Dadang Supriatna from Bandung, West Java, reaffirmed his status as one of the country's top 125cc riders when he took out the opening round of the Gudang Garam Motocross National Championships yesterday.

Save your money by faxing directly through your PC

Save your money by faxing directly through your PCBy Zatni Arbi JAKARTA (JP): In offices and homes, fax machines have become as ubiquitous as 'tukang parkir' (parking attendants) in Jakarta. In fact, no real office today can operate without one.The popularity of the fax is justifiable.

RI, Bangladesh to sign treaty

RI, Bangladesh to sign treaty DHAKA (DPA): Indonesian Foreign Minister Ali Alatas arrived in Dhaka on Saturday from Colombo on a four-day official visit to Bangladesh, a government spokesman here said.Alatas is expected to sign with Bangladesh Foreign Minister Abdus Samad Azad a bilateral treaty...

Sofjan back home

Sofjan back home JAKARTA (JP): Businessman Sofjan Wanandi returned from an overseas business trip Saturday declaring his readiness to answer a police summons tomorrow in connection with an ongoing investigation into last month's bomb-making activities here.

Laws crucial for effective reforms

Laws crucial for effective reforms JAKARTA (JP): Adequate legal infrastructure and transparent government will be critical to the success of Indonesia's painful International Monetary Fund (IMF) sponsored economic reforms, economist Sri Mulyani Indrawati has said.

Local stock prices likely to consolidate this week

Local stock prices likely to consolidate this week JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to consolidate this week after making a 10 percent gain last week, securities analysts have said.

Bomb hoax disturbs moviegoers at mall

Bomb hoax disturbs moviegoers at mall JAKARTA (JP): A bomb threat rocked Mal Pondok Indah in South Jakarta on Saturday night, forcing the mall's management to temporarily evacuate hundreds of moviegoers.

Singapore backs Asian currency plan: Mahathir

Singapore backs Asian currency plan: Mahathir SINGAPORE (Reuters): Malaysian Premier Mahathir Mohamad said on Saturday he had agreed at a meeting with Singapore Prime Minister Goh Chok Tong about "the use of our own currencies for the purpose of trade between ASEAN countries".

Chain e-mails result in cyber-boycotts

Chain e-mails result in cyber-boycottsBy Amir Sidharta JAKARTA (JP): In the past few days, I have received numerous e-mail messages under "guardian angel". I have to agree with my friends that these particular e-mail were more fun than others I received in recent times.

Military reassures foreigners about personal safety

Military reassures foreigners about personal safety JAKARTA (JP): City Military Commander Maj. Gen. Sjafrie Sjamsoeddin has guaranteed the security of foreigners living and working in the capital."I can assure foreigners not to worry about staying in Jakarta because we will continue taking...

Asian monetary crisis halts arms buying binge

Asian monetary crisis halts arms buying binge The financial crunch crippling parts of Asia has put a crimp on governments' military spending, writes Thalif Deenof Inter Press Service. UNITED NATIONS (IPS): The spreading economic crisis in Southeast Asia threatens to torpedo the once vibrant multi...

Pusri to raise production

Pusri to raise production JAKARTA (JP): State-owned fertilizer producer PT Pupuk Sriwijaya (Pusri) is looking to increase fertilizer production to 2.24 million tons this year from Rp 2.11 million tons last year.

IFC pledges to help clients settle debts

IFC pledges to help clients settle debts JAKARTA (JP): The International Finance Corporation (IFC), the private sector arm of the World Bank, is currently reviewing the performance of its 42 clients in Indonesia to assess their liquidity requirements and their capacity to service their foreign...

An insight into the tragic Banjarmasin riot

An insight into the tragic Banjarmasin riot Amuk Banjarmasin (Banjarmasin Unrest); Dr. Hairus Salim HS and Andi Achdian; Forewords by Dr. Mohtar Mas'oed and Setia Budhi; Yayasan Lembaga Bantuan Hukum Indonesia (YLBHI) Jakarta, 1997; XXII, 124 pp.

Four killed in boat crash

Four killed in boat crash PALEMBANG, South Sumatra: Four people, missing since last Thursday's boat crash on the Musi river, Mariana subdistrict, were found dead Saturday, Antara reported.A spokesman for South Sumatra provincial police said the four victims, three adults and one child, were...

Securities firms consolidate their operations

Securities firms consolidate their operations JAKARTA (JP): A number of local securities companies are engaged in massive cost-cutting programs to cope with the economic crisis -- laying off key personnel and consolidating business units.

RI presidential election 'influences' crisis

RI presidential election 'influences' crisis SINGAPORE (Reuters): Singapore's former prime minister Lee Kuan Yew has said the worst of Asia's financial troubles will not be over until after Indonesian presidential elections next month, the local Sunday Times newspaper reported.

Military, civilians stand equal chance in VP race

Military, civilians stand equal chance in VP race JAKARTA (JP): Military and civilian figures have an equal opportunity to win the vice presidential race next March, but an association with incumbent President Soeharto would be a deciding factor, a political analyst has said.

Thailand must pay for pipeline delays

Thailand must pay for pipeline delays YANGON (AFP): Thailand must pay thousands of dollars a day in compensation if the launch of a disputed gas pipeline linking Myanmar and Thailand is delayed by Thai protesters, officials said here yesterday.

Currency board 'an option' for RI

Currency board 'an option' for RI NEW YORK (AFP): Setting up a currency board linking the rupiah to the dollar could help stabilize Indonesia's currency, though this is not the only option, IMF Managing Director Michel Camdessus said Friday.

Don't raise drug prices without permission: Governor

Don't raise drug prices without permission: Governor JAKARTA (JP): Governor Sutiyoso has asked privately owned drugstores and city-owned hospitals here not to raise their service fees and drug prices without permission from the government."Don't add to the people's burdens, especially sick people's.

Drought may drag on, forest fires may worsen

Drought may drag on, forest fires may worsen JAKARTA (JP): The drought may continue well into June in East Kalimantan, where new fires in January have ravaged tens of thousands of hectares of forest, an official has said.Deputy Chairman of the National Disaster Management Coordinating Board, Maj.

Palm oil industry buffeted by inconsistent regulations

Palm oil industry buffeted by inconsistent regulationsBy Devi M. Asmarani JAKARTA (JP): Over the past three months the government has issued numerous new regulations on the country's palm oil industry to stabilize cooking oil prices but none has yet shown any effectiveness.

Crisis forces city to review its draft budget

Crisis forces city to review its draft budget JAKARTA (JP): The monetary crisis has forced the municipality to keep reviewing its draft budget for the 1998/1999 fiscal year which is due to take effect beginning April 1, an official said.

Solving imminent social conflict

Solving imminent social conflictBy Makmur Keliat SURABAYA (JP): A variety of comments have been made on the origins of the ongoing monetary crisis. Analysis has suggested anything ranging from economic mismanagement to political misrule, from cultural weakness to structural impediments, from...

Food consumption diversification

Food consumption diversificationFrom KompasI am a housewife and do not understand the inner mysteries of the economy, including the policy on provision of the nine essential food staples.The apparently low supply of rice has caused panic in society recently.

Arrested students freed in Bogor

Arrested students freed in Bogor JAKARTA (JP): Four students, who were arrested Saturday for distributing copies of a speech by ousted leader of the Indonesian Democratic Party Megawati Soekarnoputri in Bogor, were released yesterday.

ITTO aids forestry projects

ITTO aids forestry projects JAKARTA (JP): The International Tropical Timber Organization (ITTO), has signed an agreement to provide a US$1.57 million grant to finance four forestry projects in Indonesia dedicated to sustainable forestry management.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:45 Film: The Big Valley 3:10 TV Drama: Dibalik Buaian Semu 3:35 Belief in God The Almighty 4:00 Regional News 4:30 Health Program: Kesehatan Keluarga 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Sports 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved...

Four detained following stabbing of a Kuwaiti

Four detained following stabbing of a Kuwaiti JAKARTA (JP): Police have detained three local youths and a foreigner following the stabbing of a member of the Kuwaiti royal family at Hotel Mulia Senayan, in South Jakarta, early Saturday morning.The head of city police detectives, Col.

Forestry dues

Forestry duesFrom KompasForest concession (HPH) operators are liable for forest products royalties and must make a payment into the reforestation fund. These taxes are levied in U.S. dollars. However, the Minister of Forestry has recently stated that payments will now be made in rupiah, at a rate...

Where to go in Jakarta:

Where to go in Jakarta:Exhibition * Painting Exhibition: Journey by Parvathi Nayar Nayaran at The New Age Bar, Jl. Wahid Hasyim 112, Central Jakarta, 6:30 p.m. to 1:30 a.m., until March 23. * Photo Exhibition: World Press Photo '97, at Erasmus Huis, Jl.

Media criticized for causing unrest

Media criticized for causing unrest JAKARTA (JP): Observers rapped the national media over its knuckles over the weekend, saying that it tended to trigger unrest and lacked accuracy.Mass communication expert Alwi Dahlan said that while the country was battling the economic crisis, the media should...

The reformists' battle

The reformists' battle World Bank President James D. Wolfensohn understandably ducked political questions raised during his meeting with about 60 non- government public figures, including vocal critics of the government, in Jakarta last week.

Men quizzed in incitement probe

Men quizzed in incitement probe MANADO, North Sulawesi: Police have been questioning several people on suspicion of inciting others to riot in protest at soaring prices, a report said Saturday.Local military commander Col. H.M.

Spanish firm wins $6b deal

Spanish firm wins $6b deal MADRID (AFP): Spain's public works company Dragados is to sign a contract worth more than 1,000 billion pesetas (US$6.6 billion) to supply water and power to the Moroccan capital of Rabat, the firm said here.

10,000 retrenched in Malaysia

10,000 retrenched in Malaysia KUALA LUMPUR (Reuters): More than 10,000 Malaysians have been retrenched by companies due to the country's economic downturn, the Malaysian Trade Unions Congress (MTUC) said yesterday.

80 firms to get mining contracts

80 firms to get mining contracts JAKARTA (JP): At least 80 foreign companies will soon receive contracts of works (COWs) to develop coal and mineral deposits across the country, according to a senior official.

Train crash still being probed

Train crash still being probed JAKARTA (JP): Officials are still investigating the cause of a train accident that took place Saturday near the small Sadang railway station in Purwakarta, West Java, and which disrupted traffic up to yesterday.

Press freedom key to corruption fighting

Press freedom key to corruption fighting Calls for political reforms that include the eradication of corruption and collusion practices are becoming increasingly vociferous. Law professor J.E. Sahetapy from Airlangga University in Surabaya, East Java, gives his views on the subject.

Unocal Corp continues with Sarulla project

Unocal Corp continues with Sarulla project JAKARTA (JP): Unocal Geothermal of Indonesia Ltd, a subsidiary of United States Unocal Corp, is continuing to develop a Sarulla geothermal power plant in North Sumatra although the project has been canceled by the government.

Tycoons must not be selfish

Tycoons must not be selfishFrom Pikiran RakyatThe "Sell your U.S. dollars" campaign promoted by a number of government officials, ministers, businessmen and legislators is nothing but a moral drive. This is evident from the fact that the rupiah is still weak against the U.S.

Price protest ends in vandalism

Price protest ends in vandalism MAUMERE, East Nusa Tenggara (JP): A protest against the rising prices of basic commodities was held in Ende yesterday but ended in vandalism, Regent Frans Gedowolo said.The incident, which is the latest in a spate of food riots that have taken place in several...