Indonesian Political, Business & Finance News

Archive: 1 April 1998

58 articles found

Japan think tank revises down Asian growth outlook

Japan think tank revises down Asian growth outlook TOKYO (Reuters): The Institute of Developing Economies (IDE), a Japanese think tank, said yesterday it has revised down sharply its growth forecast for the Asian region in calendar 1998.

Dharmala sees higher income

Dharmala sees higher income JAKARTA (JP): Publicly listed PT Dharmala Insurance expects a 17 percent increase in gross premium income this year from Rp 145 billion (US$16.86 million) last year, the company has said.Director M.

Court rejects Ratna's lawsuit against police

Court rejects Ratna's lawsuit against police JAKARTA (JP): North Jakarta District Court rejected lawsuits filed against the police by stage actress Ratna Sarumpaet and five other people for alleged illegal arrest and detention during a hearing yesterday.

Indonesia may keep oil product imports down

Indonesia may keep oil product imports down SINGAPORE (Reuters): Indonesia is not expected to step up spot gas oil and jet fuel purchases despite its failure to renew a one-year term contract with Kuwait Petroleum Corp (KPC) which expired in March, industry sources said yesterday.

Aussie, RI seal research deal

Aussie, RI seal research deal CANBERRA (Dow Jones): An Australian government scientific and research agency will conduct research on minerals exploration and mining with its Indonesian counterpart under a new agreement, CSIRO Australia said yesterday.

Job description of new cabinet announced

Job description of new cabinet announced JAKARTA (JP): President Soeharto issued a decree yesterday defining the positions, basic functions and organizational structure of his 36-strong cabinet, in a bid to avoid overlapping tasks.

ABRI denies involvement in activists' disappearance

ABRI denies involvement in activists' disappearance JAKARTA (JP): The Armed Forces (ABRI) headquarters yesterday dismissed allegations that the military were behind the recent disappearance of a number of activists.ABRI spokesman Brig. Gen. A. Wahab Mokodongan said the allegations were groundless.

No hike in fuel prices in near future: Govt

No hike in fuel prices in near future: Govt JAKARTA (JP): The government will not increase fuel prices today, as outlined in the IMF-brokered reform package signed on Jan. 15, and is likely to maintain fuel subsidies for some time to curb the spiraling inflation rate and prevent possible social...

A new approach?

A new approach? The step taken by the Armed Forces (ABRI) chief of sociopolitical affairs, Lt. Gen. Susilo Bambang Yudhoyono, to hold a dialog with intellectuals in Yogyakarta deserves to be welcomed. It seems that ABRI is serious in its intention to approach the social and political difficulties...

Price of milk

Price of milkFrom Pikiran RakyatMy small child was born amid the ailing economy. The prices of virtually all commodities, basic commodities in particular, have risen. Traders seem to be in a rat race to increase their prices. The price of milk, for babies and adults alike, has skyrocketed.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film 3:05 Family's Film 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Teen Drama: Dunia yang Beda 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI News...

OPEC's decision to trim oil production stumbles

OPEC's decision to trim oil production stumbles VIENNA (Agencies): An OPEC decision to trim oil output for the first time in years stumbled yesterday when prices sank despite unprecedented gifts of cuts from other exporters.

Long-term capital inflows needed to shore up rupiah

Long-term capital inflows needed to shore up rupiah JAKARTA (JP): Indonesia needs policies at the moment that will attract long-term capital inflows in order to shore up the rupiah and revive the dying economy, economist Rizal Ramli and currency market analyst Theo F. Toemion have said.

Govt plans to merge 18 state firms

Govt plans to merge 18 state firms JAKARTA (JP): The government is considering merging 18 state companies under the Ministry of Transportation into a handful of firms to improve their performance.A source at the ministry said four port management companies (PT Pelabuhan Indonesia I, II, III and IV)...

Dry spell dogs water stocks

Dry spell dogs water stocks SINGAPORE (Reuters): Singapore's water stocks have fallen due to unusually hot and dry weather and are expected to drop further in the coming dry season, the government said yesterday.

Hashimoto eying ASEM gains

Hashimoto eying ASEM gainsBy Linda Sieg TOKYO (Reuters): The promise of a record big stimulus package and some diplomatic goodwill from his visit to Indonesia could smooth the way for Japan Prime Minister Ryutaro Hashimoto at an Asian-European summit this week.

No meetings in hotels

No meetings in hotels SEMARANG, Central Java: Governor Soewardi yesterday issued an order banning all officials in his administration from holding meetings in hotels."The prohibition is a move to help save money in all sectors", he said, as quoted by Antara.

KL does not recognize migrant asylum appeals

KL does not recognize migrant asylum appeals KUALA LUMPUR (Reuters): Malaysia said yesterday that it considered 14 Indonesians seeking asylum in the UN refugee agency's compound in Kuala Lumpur as illegal immigrants who were to be deported.

Ministry launches project to counter foreign music

Ministry launches project to counter foreign music JAKARTA (JP): For many, the country's traditional music is being forgotten, losing the battle against invasions of foreign music. Now, even children tend to watch MTV instead of traditional performances aired on television.

City crime rate on the rise, police say

City crime rate on the rise, police say JAKARTA (JP): The number of larcenies, robberies and burglaries in the capital increased over the first three months of this year and is feared to rise further this month, police said yesterday.City Police spokesman Lt. Col. E.

French Guignol to speak for the voiceless in four cities

French Guignol to speak for the voiceless in four cities JAKARTA (JP): French puppet master Guy Baldet is to stage the 190-year-old Guignol puppet show in Jakarta, Bandung, Yogyakarta and Surabaya.Beginning April 2, the comedy marionette show will be staged for five days in Jakarta.

Mild quake hits Bali

Mild quake hits Bali DENPASAR, Bali: The island of Bali was shaken by a mild earthquake measuring 4.6 on the Richter scale yesterday morning."The quake surprised and frightened residents, but it really wasn't dangerous," Sridadi Budihardjo, an official at the Meterology and Geophysics Agency, said.

102,000 jobless employed

102,000 jobless employed BOGOR (JP): Labor intensive projects, designed to temporarily provide work for jobless people during the economic crisis, have employed 102,000 workers, an official from the Bogor Mayoralty said yesterday.

Dead Indonesian gets PhD in Japan

Dead Indonesian gets PhD in Japan JAKARTA (JP): An Indonesian national has become the first person to get a Doctor of Philosophy (PhD) in Japan after his death.Halwany Microb, an Indonesian education and culture ministry official who died of cancer on July 3 last year, was posthumously conferred...

Firefighters lack equipment in RP

Firefighters lack equipment in RP PUERTO PRINCESA, Philippines (Reuters): The Philippines battled yesterday to control forest fires with machetes and shovels, and officials said they expected more outbreaks with the onset of summer.

Nameless isles in Riau

Nameless isles in Riau PALEMBANG, South Sumatra: Over three-quarters of the 3,214 islands in the province of Riau have not yet been named.Riau provincial legislator Djufri Hasan Basri revealed during a visit to Palembang yesterday that only 714 have been named.

A new elegance dawns in Jakarta, with commercial appeal

A new elegance dawns in Jakarta, with commercial appealBy Yogita Tahil Ramani JAKARTA (JP): Sensuality floated through smatterings of black leaves on a cream slip dress. A turquoise-colored rose on the model's hair complemented a crepe gabardine spaghetti-strap dress in grape.

Pusri to raise urea output

Pusri to raise urea output JAKARTA (JP): PT Pupuk Sriwijaya (Pusri), a state-owned fertilizer producer based in Palembang, South Sumatra, will raise its annual urea fertilizer production to 7.48 million tons by 2005 from about 6.16 million tons at present.

PDI decides criteria for new leadership

PDI decides criteria for new leadership JAKARTA (JP): The likelihood of Megawati Soekarnoputri, the ousted leader of the Indonesian Democratic Party (PDI), regaining her post in June's government-sanctioned congress declined yesterday as one of the criteria set forth for leadership candidates...

Soeharto openly laments people's suffering

Soeharto openly laments people's suffering JAKARTA (JP): President Soeharto openly lamented the growing torment and increased poverty faced by the people due to the economic crisis which has become so bad that even some mothers cannot afford to buy milk for their children.

Asian markets end mixed as Japan readies for reform

Asian markets end mixed as Japan readies for reform TOKYO (AFP): Asian markets closed mixed yesterday as Japan readied for its Big Bang financial reforms to kick in with high hopes that they would boost the world's second biggest economy.Japanese share prices closed 1.

Worse over, except Indonesia

Worse over, except Indonesia CHICAGO (Reuters): The worst may be over for most Asian economies with the exception of Indonesia, according to P. Jan Kalff, chairman of the board of managing directors for the Dutch bank holding company ABN AMRO Holding NV.

No deal on new aid for RI

No deal on new aid for RI TOKYO (Dow Jones): A senior Japanese finance ministry official said yesterday that no deals had been reached yet on either the Indonesia corporate debt problem or to restart the US$43 billion aid program between Indonesia and the International Monetary Fund.

Asia-Pacific may lose up to 12 million tourists

Asia-Pacific may lose up to 12 million tourists MANILA (AFP): Asia-Pacific tourist spots can wave goodbye to up to 12 million tourists annually over the next three years amid the regional economic crisis, a World Tourism Organization (WTO) official predicted here yesterday.

Dili can't confirm death of Santana

Dili can't confirm death of Santana JAKARTA (JP): Military officials in Dili, East Timor said yesterday it could not confirm reports that Fretilin separatist leader Coni Santana had died in a car accident because his body has not been found.

Soeharto still loved by the people: ABRI

Soeharto still loved by the people: ABRI JAKARTA (JP): The Armed Forces (ABRI) dismissed suggestions yesterday that President Soeharto had lost the people's confidence because of the ongoing monetary crisis.ABRI spokesman Brig. Gen. A.

53 people unable to perform haj

53 people unable to perform haj TANGERANG (JP): Fifty three people planning to perform their haj pilgrimage to Mecca this year have been informed that they cannot go even though they had paid Rp 9 million each to pilgrimage coordinator RA Afandi.

Military to crack down on blood 'merchants'

Military to crack down on blood 'merchants' JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin threatened yesterday to punish scalpers who exploited blood donors to rake in quick profits.

Bakrie forms trading holding

Bakrie forms trading holding JAKARTA (JP): Shareholders of publicly listed PT Bakrie Sumatra Plantations approved yesterday the company's plan to inject all of its trading firms into Lewis & Peat (Rubber) Holdings Pte Ltd.

Bad times dog Thai sugarcane farmers due to El Nino

Bad times dog Thai sugarcane farmers due to El NinoBy Anchalee Koetsawang SUPHAN BURI, Thailand (Reuters): El Nino is an alien word to Thai sugarcane farmer Panya Chankongsuwan but the catastrophic effect of the disruptive weather phenomenon on his crops is something he is very familiar with.

Spotlight

SpotlightPhoto A: MedalFrench EmbassyMEDAL OF MERIT: French Ambassador Gerard Cros (right) presents a medal of merit, Chevalier dans l'Ordre Nationale du Merite, to Buly Oskar Suryaatmadja, former deputy of international relations at the National Development Planning Board.

Indonesia braces for tough Thomas, Uber Cup fights

Indonesia braces for tough Thomas, Uber Cup fights JAKARTA (JP): Indonesia may have to settle for semifinal places in both the Thomas Cup and Uber Cup badminton championship finals in Hong Kong next May, a coach predicted yesterday after tournament drawings placed teams into competition groups.

Wood-processing industries face log supply shortage

Wood-processing industries face log supply shortage JAKARTA (JP): Wood-processing industries will face a log supply shortage of at least 14.5 million cubic meters per year over the next five years due to forest fires, a forestry official said yesterday.

Students say no to dialog with ABRI

Students say no to dialog with ABRI JAKARTA (JP): Students from the country's top universities have snubbed the offer of a meeting with Armed Forces Commander Gen. Wiranto and several cabinet ministers which was planned for Saturday.

Gambling, not confidence

Gambling, not confidence So, a bunch of foreign investors, especially large fund managers, are strongly interested in buying shares in the country's publicly listed companies, which, as our esteemed minister of finance refers to as "this strong interest indicates their continuing confidence in...

Medical services on dengue

Medical services on dengue TANGERANG (JP): Tangerang General Hospital is offering free medical services to dengue fever victims who cannot afford to pay for treatment, a hospital official said.Syartil Arfan, a hospital director, said on Monday that the provision had been made in consideration of...

Hoodlums reign again in Tanah Abang market

Hoodlums reign again in Tanah Abang market JAKARTA (JP): Governor Sutiyoso has vowed to crack down on a new gang of hoodlums that have reportedly been extorting money from traders in the Tanah Abang market, Central Jakarta.

Tax revenue target for non-oil sectors exceeded

Tax revenue target for non-oil sectors exceeded JAKARTA (JP): Minister of Finance Fuad Bawazier estimated that government tax revenues from non-oil sectors for the 1997/1998 fiscal year ending yesterday totaled Rp 62.42 trillion, or 11 percent higher than the Rp 56.14 trillion budget target.

Premier Hashimoto plans talks with Zhu in London

Premier Hashimoto plans talks with Zhu in London TOKYO (AFP): Japanese Prime Minister Ryutaro Hashimoto plans to hold talks with his Chinese counterpart Zhu Rongji in London this week, officials said yesterday.

No breakthroughs in maritime talks

No breakthroughs in maritime talks HANOI (AFP): Talks between Vietnam and China on maritime limits in the Gulf of Tonkin have ended without any breakthroughs but were considered productive, a Vietnamese official said yesterday.

Army Academy ready to greet female cadets

Army Academy ready to greet female cadetsBy Ridwan Max Sijabat MAGELANG, Central Java (JP): The Army is to introduce changes at it's prestigious Army Academy in order to produce professional cadets who are ready for action, an officer said.Deputy Governor of the academy Brig. Gen.

'Consult locals please'

'Consult locals please' SEMARANG, Central Java: About half of the 216 registered consultancy firms in Central Java have gone bankrupt, an association official said yesterday."Half of those that are still in business have had to streamline themselves to survive, while the remainder are in a static...

RI cocoa output predicted to increase

RI cocoa output predicted to increase PANAMA CITY (Reuters): Indonesia's annual cocoa production could reach as much as 500,000 tons by the year 2005, cocoa experts said on Monday."Indonesia's cocoa production should steadily increase over the coming years," Francois Ruf, who tracks trends around...

Indonesia likely to be a dominant issue at ASEM

Indonesia likely to be a dominant issue at ASEMBy K. Basrie LONDON (JP): Indonesia's economic crisis will be a major topic at the 2nd Asia-Europe Meeting (ASEM) which begins here tomorrow, a British foreign office spokesman has said.

RI Asiad team to fly on military cargo plane

RI Asiad team to fly on military cargo plane JAKARTA (JP): The government announced the first part of its package to help the Asian Games team yesterday when it said the Air Force had promised to transport the country's 200-member contingent to Thailand on a Hercules military cargo aircraft.

Indonesia, IMF reach reasonable conclusion: Neiss

Indonesia, IMF reach reasonable conclusion: Neiss JAKARTA (JP): Indonesia and the International Monetary Fund (IMF) have come to a reasonable conclusion in reviewing the country's monetary policy, the IMF Asia Pacific director Hubert Neiss said yesterday.

Experts call for limitation of presidential term

Experts call for limitation of presidential term JAKARTA (JP): Senior political scientists and law experts openly requested a limit to the number of terms for which a person can hold the office of president and called for a revision of the 1945 Constitution to accommodate the move.

Government to provide more incentives to boost investment

Government to provide more incentives to boost investment JAKARTA (JP): The government is to provide more incentives for investors in a bid to boost new investment projects this year, it was revealed yesterday.