Indonesian Political, Business & Finance News

Archive: 17 March 1998

50 articles found

Two more nameless bodies found

Two more nameless bodies found JAKARTA (JP): Two more unidentified corpses were brought to Cipto Mangunkusumo General Hospital in Central Jakarta over the weekend, increasing the number of unknown bodies taken to the morgue to 77 in the last two months.

JGBs higher on buy backs

JGBs higher on buy backs TOKYO (Reuters): Key June 10-year Japanese government bond futures were higher by midday yesterday on short-covering by dealers and concern about weak economic fundamentals."Dealers who took short positions on Friday ahead of Prime Minister Ryutaro Hashimoto's visit to...

Rates for Taxes Payment

Rates for Taxes Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from March 9 to March 15: U.S. dollar 1 Rp 10,305.00Austrian shilling 1 800.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 16, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 400 0 0 Alter Abadi 550 0 54,000 Alumindo Light Metal 350 25 843,000 Alumindo...

All England defeats prompt introspection

All England defeats prompt introspection JAKARTA (JP): The Badminton Association of Indonesia (PBSI) called psychologist Singgih Gunarsa back to his old job yesterday as it gears up for its Thomas Cup and Uber Cup world team championship titles defense.

Students press ahead with demands for reform

Students press ahead with demands for reform JAKARTA (JP): Students pressed ahead with their demands for political reform and lower prices of basic commodities as small scale protests continued in several universities.

Malaysia to rethink Indonesia plane deal

Malaysia to rethink Indonesia plane deal KUALA LUMPUR (Antara): The agreement by the Malaysian Armed Forces to purchase the Indonesian-made CN-235 carrier aircraft to transport its troops will be reviewed following the latest developments involving the manufacturer and Indonesia's economy.

Soaring office rental rates 'strangle' tenants

Soaring office rental rates 'strangle' tenants JAKARTA (JP): The practice of charging office rents in U.S. dollars in the city's prime areas has driven many tenants to consider alternative accommodation in shop-houses since the rupiah plunged in value against the dollar, a firm of property...

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 16, 1998: Buying Selling Rp Rp U.S. dollar 1 9,500.00 11,500.00Austrian shilling 1 677.90 896.10Australian dollar 1 6,003.00 7,425.00Belgian franc 1 239.40 294.60Canadian dollar 1 6,351.

Three farmers drown at sea

Three farmers drown at sea TANGERANG (JP): Three farmers drowned and one went missing while they were catching rajungan (small crabs) along the Tanjung Anom coast over the weekend, eyewitnesses and police said.

Palm oil markets hold back

Palm oil markets hold back KUALA LUMPUR (Reuters): Southeast Asian palm oil markets are likely to watch official Malaysian February crop data this week and look out for whether Indonesia lifts its ban on crude palm oil exports, regional traders said.

Council unhappy with joint venture records

Council unhappy with joint venture records JAKARTA (JP): The city council has demanded that the administration review its business partnerships with private enterprises because many of them are money losing.

RP signs accord with Communists

RP signs accord with Communists MANILA (AFP): The Philippine government was due to sign a human rights accord with Communist guerrillas in the Netherlands yesterday. The government said the breakthrough should shortly lead to a cease-fire.

Dengue fever kills 125 in S. Sumatra

Dengue fever kills 125 in S. Sumatra PALEMBANG, South Sumatra: An alarming trend has developed here judging from the number of people suffering and dying from dengue fever over the last five years.In the first two months of this year alone, the disease has killed 125 people.

SEA Games stickers

SEA Games stickersFrom RepublikaPT PLN (the state-owned electricity company) has 20 million subscribers throughout Indonesia. Suppose half of them had bought SEA Games stickers at Rp 1,000 each. The total collected amount must have been Rp 20 billion per month from one source.

ABRI ready for dialog with students: Yudhoyono

ABRI ready for dialog with students: Yudhoyono JAKARTA (JP): The powerful Armed Forces (ABRI) reiterated yesterday its commitment to developing open dialog with students who have been exerting pressure on the government to resolve the economic crisis.

City Council endorses 1998/99 austerity budget

City Council endorses 1998/99 austerity budget JAKARTA (JP): The City Council yesterday endorsed the 1998/1999 austerity budget of Rp 2.79 trillion (US$279 million), a ten percent decrease on last year.

RI problem political in nature

RI problem political in natureBy Dian M. Noer JAKARTA (JP): The world we live in is not perfect. Within this context we must aspire to a society that is not a perfect utopia, but one that is realistic and attainable: a society where each member, regardless of race, ethnic origin and gender can lead...

Minister vows to cut imports, boost output

Minister vows to cut imports, boost output JAKARTA (JP): The newly appointed Minister of Agriculture Justika Sjarifudin Baharsjah promised yesterday to boost the production of several important commodities including rice, corn and soybeans to cut back on imports.

Man tried for raping girl

Man tried for raping girl JAKARTA (JP): An employee of a maid placement agency has been indicted at the Central Jakarta District Court for raping a 14- year-old girl.The defendant, Encon Yusroni, 26, raped Nur Hayati on the premises of the placement agency, Darma Nusantara Foundation, on Jl.

Japan is ready to call on global powers to help RI

Japan is ready to call on global powers to help RI TOKYO (AFP): Japan is ready to call on the international community as it seeks to break an impasse blocking IMF payments for Indonesia, a top government minister said yesterday.

Juwono gives forest fires top priority

Juwono gives forest fires top priority JAKARTA (JP): Only hours after being installed as the new State Minister of Environment, Juwono Sudarsono declared his intention to instill "a sense of crisis" in the public over the threat of widespread forest fires.

'Opera Sembelit' wins second place

'Opera Sembelit' wins second place JAKARTA (JP): Jakarta-based playwright Nano Riantiarno won second place at a play writing contest yesterday with his Opera Sembelit (Opera of Constipation).A member of the judging panel, Noorca M.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:45 TV Series: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Science and Technology: Rektor Serbaguna 5:00 English Lessons 5:25 Variety Show 5:30 Documentary: Seraut Wajah Kabupaten Banggai 6:00...

New commander for Bogor military

New commander for Bogor military BOGOR (JP): Lt. Col. Misjan Anang Sutisna was installed yesterday as the new commander of the Bogor military district, replacing Lt. Col. Widji Utomo.The installation ceremony was led by Brig. Gen.

RI crisis may spark new disaster

RI crisis may spark new disasterBy Jonathan Thatcher MANILA (Reuters): Indonesia's continuing economic problems could lead to a second crisis in the region, Asian Development Bank (ADB) President Mitsuo Sato said yesterday.

Sports council stages congress

Sports council stages congress JAKARTA (JP): The national team's preparations for the 13th Asian Games look to be highlighted at the National Sports Council's three-day congress which starts today.Representatives of all 36 sports organizations under the council's auspices will attend the annual...

Miscommunication affects Indonesia-IMF ties

Miscommunication affects Indonesia-IMF ties There has been some friction in the relationship between the government and the International Monetary Fund (IMF) over the methods to improve Indonesia's economic situation. Economist Kwik Kian Gie discusses the possible cost.

Governor hopefuls need ABRI's nod

Governor hopefuls need ABRI's nod MEDAN, North Sumatra: Armed Forces (ABRI) members, whether retired or active, still need the "blessing" of the military chief if they wish to pursue a civilian position, head of the ABRI faction in the North Sumatra legislature said.H.A.

Mob burns buses in N. Jakarta

Mob burns buses in N. Jakarta JAKARTA (JP): A mob set alight two Metromini buses after one of them fatally hit two pedestrians and seriously injured another on Jl. Sunter, North Jakarta, on Sunday, police said yesterday.The two dead were identified as M.

Thailand inspires fatigued Asian currencies: Dealers

Thailand inspires fatigued Asian currencies: Dealers SINGAPORE (Reuters): Asian currencies were off their highs but relatively firm yesterday as traders turned towards Thailand's brightening prospects after an event-filled weekend in Indonesia failed to stir fresh interest.

Global ties vital, says Hasan

Global ties vital, says Hasan JAKARTA (JP): Controversial new Minister of Industry and Trade, Mohamad "Bob" Hasan, said yesterday that Indonesia ought to continue cooperating with the international community in order to escape the economic crisis.

Dynaplast, Trepak sign deal

Dynaplast, Trepak sign deal JAKARTA (JP): Publicly listed plastic producer PT Dynaplast has signed an agreement with a Dutch leading crate manufacturer, Wavin Trepak B.V., to produce plastic bottle crates and to use recycling technology in IndonesiaThe company said in a statement yesterday that...

Soeharto swears in the new cabinet

Soeharto swears in the new cabinet JAKARTA (JP): President Soeharto swore in his new 36-strong cabinet in a solemn ceremony at the State Palace yesterday.Moslem clergyman Basiq Djalil, standing next to the 34 ministers who are Moslem, held a Koran above their heads, while Jason Lase held a Bible...

Criticism may find expression

Criticism may find expression President Soeharto has heartened many, including the editors of this newspaper, with his humble admission in his inaugural speech that to become a better President he needs to receive criticism.

Oil production facilities face shortage of spare parts

Oil production facilities face shortage of spare parts JAKARTA (JP): Most of the country's oil and gas production facilities face a shortage of spare parts due to the difficulty in importing the equipment, an oil executive said yesterday.President of PT Caltex Pacific Indonesia Baihaki H.

Bomb suspects in police custody

Bomb suspects in police custody JAKARTA (JP): The three men arrested in an East Jakarta apartment last week on charges of making bombs and plotting a political maneuver have been transferred from the city's military command to police headquarters for further investigation.City police spokesman Lt.

Aspirations for reform

Aspirations for reform The clamor for economic and political reform may die down temporarily now that the new cabinet has been installed.Unlike the students and housewives, however, who can only grumble if, within the next few months, prices do not go down significantly, the rest of the population...

New economics team

New economics team The economics team of any new cabinet has always commanded much more attention than other portfolio because the performance of economics ministers directly influences the living conditions of the people.

19 foreigners to be questioned

19 foreigners to be questioned YOGYAKARTA: The 19 foreigners who swam ashore Saturday after jumping from a deserted boat were transported yesterday to Jakarta for further questioning at the central immigration office.They boarded a bus bound for Jakarta yesterday morning.

Agung pledges to work with sports council

Agung pledges to work with sports council JAKARTA (JP): Newly inaugurated State Minister of Youth Affairs and Sports Agung Laksono paid a courtesy call to National Sports Council chairman Wismoyo Arismunandar yesterday to make pledges of cooperation between the two sports authorities.

Pakistani jailed for possessing heroin

Pakistani jailed for possessing heroin JAKARTA (JP): The Central Jakarta District Court sentenced Muhammad Rafiq Choudry of Pakistan yesterday to two years and six months in jail and fined him Rp 1 million for possessing 450 grams of heroin.

Call her 'Ibu' Tutut now: Subiakto warns

Call her 'Ibu' Tutut now: Subiakto warns JAKARTA (JP): Newly reappointed Minister of Cooperatives and Small Enterprises Subiakto Tjakrawerdaja yesterday called for a show of respect for his fellow ministers.

IMF team will arrive tomorrow

IMF team will arrive tomorrow JAKARTA (JP): A team from the International Monetary Fund (IMF) is expected to arrive here tomorrow to review the country's reform program, said former coordinating minister for economy and finance Saleh Affif yesterday.

OPEC to name new president

OPEC to name new president LONDON (Dow Jones): The United Arab Emirates Oil Minister Obaid bin Saif Al-Nasseri is to be the new president of the Organization of Petroleum Exporting Countries, confirmed an OPEC official yesterday.

WB upbeat on Thailand

WB upbeat on Thailand BANGKOK (Reuters): Thailand should largely escape fallout from Indonesia's economic crisis, but it will still feel some impact, the World Bank's Thailand country director said yesterday.

Observers welcome women ministers

Observers welcome women ministers JAKARTA (JP): Observers have welcomed the appointment of three prominent women to the cabinet and have called on them to continue promoting gender equality.Rudini, Lies Marcus and Wardah Hafidz agreed in separate interviews yesterday and Sunday that great...

Kuntoro to improve investment climate

Kuntoro to improve investment climate JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto pledged yesterday to improve the investment climate in the country's mining and energy sector.Kuntoro said the improvement of the investment climate would be the ministry's top priority to boost...

Politically linked shares gain ground in active trade

Politically linked shares gain ground in active trade JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) rose marginally by 0.8 percent yesterday on the back of some gains on stocks related to those in the power, stockbrokers said.

7,000 schools need a 'facelift'

7,000 schools need a 'facelift' SEMARANG, Central Java: About one-third of all primary school buildings in Central Java are said to be damaged and in need of repairs.The head of the Ministry of Education and Culture's provincial office, Soekendro, told The Jakarta Post yesterday that 7,000 of the...