Indonesian Political, Business & Finance News

Archive: 14 April 1998

51 articles found

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:45 TV Series: The Big Valley 3:05 Children's Program: Pesawat Terbangku 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary 6:00 News: Lintasan Berita 6:05 News: Rona Nusantara 6:15 Sports 6:30 TVRI News...

Rates for Tax Payment

Rates for Tax 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 April 13 to April 19: U.S. dollar 1 Rp 8,100.00Austrian shilling 1 622.

City to reduce 1998/1999 budget 35% to Rp 1.8t

City to reduce 1998/1999 budget 35% to Rp 1.8t JAKARTA (JP): The city administration will reduce its current budget of Rp 2.79 trillion (US$372 million) by 35 percent in line with the negative growth projection for the national economy, Deputy Governor for Economic Affairs Harun Al Rasyid said...

Army gives thumbs up to candidate

Army gives thumbs up to candidate MEDAN, North Sumatra: Army Commander Gen. Subagyo Hadisiswoyo has given his support for Maj. Gen. Rizal Nurdin -- chief of the Bukit Barisan Military Command overseeing North Sumatra, Aceh, West Sumatra and Riau -- to be nominated for North Sumatra governor for the...

Forests open to new oil palm plantations

Forests open to new oil palm plantations JAKARTA (JP): A new decree permits plantation companies to establish oil palm estates in forest areas outside Riau and North Sumatra.Minister of Forestry and Plantations Sumahadi said in the decree, dated April 8, that the forests must be located in...

Practical politics not for students?

Practical politics not for students?By Mochtar Buchori JAKARTA (JP): What is "practical politics" (politik praktis)?To be honest, I have no idea. What I know is that since it was first launched by Admiral (ret.) Sudomo, this term has never been clearly defined.

UI rector defends his students' political rallies

UI rector defends his students' political rallies DEPOK (JP): University of Indonesia (UI) rector Asman Boedisantoso Ranakusuma maintained yesterday that political rallies held by his students had not encroached on "practical politics".

Paradise lost?

Paradise lost? One should not be ungrateful, especially to those who have been good to you. So, in writing this, it is not to be ungrateful but because of a feeling of disappointment and frustration. Why is that? Because, I think, the prevailing monetary crisis has, among many other things, also...

Teenager tried for killing his own mother

Teenager tried for killing his own mother JAKARTA (JP): A 17-year-old boy was indicted at the Central Jakarta District Court yesterday for allegedly killing his mother.Prosecutor Roskanedi said the defendant, Hardiansyah, killed his 53-year-old mother, Jumriyati, on Feb. 3 in their house on Jl.

Denying harsh realities only makes things worse

Denying harsh realities only makes things worseBy J. Sumardianta YOGYAKARTA (JP): Indonesia's economic failure is the cost of bad political decisions amid the neglect of modern democratic rationalism. But the severity of the crisis leads shell-shocked people to believe there must be another reason...

First group of haj pilgrims arrive home safely

First group of haj pilgrims arrive home safely JAKARTA (JP): The first batch of Indonesia's 202,000 haj pilgrims touched downed safely yesterday, with the initial group led by Minister of Religious Affairs Quraish Shihab landing at Halim Perdanakusuma Airport, East Jakarta, early in the morning.

Tough times ahead

Tough times ahead The nation is in for the roughest stretch of the economic reform process over the next six months as all price subsidies for essential commodities, except rice and soybeans, will be eliminated by October.

Malaysia, France sign accord

Malaysia, France sign accord KUALA LUMPUR (Reuters): Malaysia yesterday signed an agreement with a French government-backed agency to promote the transfer of French technology and encourage joint ventures between companies in the two countries.

Soeharto wants all local levies stopped

Soeharto wants all local levies stopped JAKARTA (JP): President Soeharto ordered Minister of Home Affairs R. Hartono yesterday to ensure that all business levies imposed by provincial, regency and city administrations be abolished immediately.

Police seek former banker for scandal

Police seek former banker for scandal JAKARTA (JP): Police are seeking a former Bank Harapan Sentosa (BHS) director, Melinda Wijaya, who is suspected of selling the bank's assets before it was liquidated last year.City Police Spokesman Lt. Col. E.

New depot for Timor Gap gas

New depot for Timor Gap gas JAKARTA (JP): PT El Nusa, a subsidiary of state oil and gas company PT Pertamina, has almost completed the development of a Rp 30 billion (US$4 million) logistical depot in Kupang, East Nusatenggara, to support the Timor Gap gas project.

Three Koreans 'misuse' visas

Three Koreans 'misuse' visas JAKARTA (JP): Three South Koreans have been questioned by immigration officers for allegedly misusing their visas.Zaiman Nurmatias, the director for supervision at the Directorate General of Immigration, said yesterday the foreigners were arrested at Kheun Sol Fashion...

Gen. Wiranto names new Inkai board

Gen. Wiranto names new Inkai board JAKARTA (JP): The Indonesian Karate Federation (Forki) chairman, Gen. Wiranto, installed Sunday the new executive board for the Indonesian Karate-do Institute (Inkai), calling on them to boost the development of the sport nationwide.

Hospitals told to aid dengue patients

Hospitals told to aid dengue patients JAKARTA (JP): A city councilor urged hospitals here yesterday not to reject or fail to give priority to those with dengue fever during the current outbreak.Soeparmo, head of Commission E for welfare affairs, said yesterday that refusing to provide medical...

Union calls for hike in minimum wages

Union calls for hike in minimum wages JAKARTA (JP): The Federation of the All-Indonesia Workers Unions urged the government yesterday to increase the official minimum wage by 20 percent across the board.

Poor bank service draws complaints

Poor bank service draws complaints TANGERANG (JP): Several customers of Lumbung Mekar Sentosa secondary bank on Jl. Daan Mogot in Batuceper district complained yesterday of difficulties in withdrawing their savings.

'RCTI' to provide full Cups coverage

'RCTI' to provide full Cups coverage JAKARTA (JP): Jakarta-based private TV station RCTI has won broadcasting rights to this year's Uber Cup and Thomas Cup badminton finals across Asia and Australia.James White of the International Management Group, commercial agent of the events, said yesterday...

Man killed in robbery

Man killed in robbery BOGOR (JP): Local police said yesterday they know the whereabouts of a man who killed a resident of Rawa Kalong subdistrict in Gunung Sindur and severely injured his wife in a robbery on Saturday.Col.

Irwan wins motocross race

Irwan wins motocross race JAKARTA (JP): Yogyakarta rider Irwan Ardiansyah took out the overall championship title for the national motocross races at Lido Lake Resort, in Sukabumi, West Java, Sunday.Irwan, riding a Yamaha YZ 125, dominated the 125cc competition and finished second in the 250cc...

Bus drivers protest against police

Bus drivers protest against police JAKARTA (JP): The drivers of at least 20 Kopaja-502 buses stopped plying the Kampung Rambutan - Tanah Abang route yesterday in protest at police action against them they believe to be excessive and unfair.

Price of onions hits new high

Price of onions hits new high JAKARTA (JP): Many housewives expressed shock yesterday on finding the price of onions rising yet again to an amazing new high.The price of onions has jumped from about Rp 5,000 (about 63 U.S. cents) per kilo last week to Rp 9,000 per kilo yesterday.

IMF supplementary reform may repeat old mistakes

IMF supplementary reform may repeat old mistakes The government and the International Monetary Fund (IMF) have reached an agreement on supplementary reforms needed to restimulate the Indonesian economy. Economist Kwik Kian Gie discusses its impact.

UN given the go-ahead to observe student protests

UN given the go-ahead to observe student protests SEMARANG (JP): Minister of Justice Muladi said here yesterday that the United Nations could send representatives to monitor the waves of student protests in Indonesia, but their presence should only be as observers.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 13, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 800 50 65,500 Alumindo Light Metal 425 0 135,000 Alumindo...

Soeharto confirmed to attend G-15 summit next month

Soeharto confirmed to attend G-15 summit next month JAKARTA (JP): President Soeharto will attend the summit of the Group of 15 (G-15) developing countries in Egypt next month, Minister of Foreign Affairs Ali Alatas said yesterday.

PDI requests ABRI protection to safeguard June congress

PDI requests ABRI protection to safeguard June congress JAKARTA (JP): The government-recognized board of the Indonesian Democratic Party (PDI) has formally requested the protection of the Armed Forces for its June congress.

On water bills

On water bills I am writing in response to PT Kekar Thames Airindo's (KATI) letter of April 8 regarding the reason for the late delivery of a customer's monthly water bill. It said that the delivery could not be made in time because there was nobody at home to receive the bill.

Asia crude mart likely weaker

Asia crude mart likely weaker SINGAPORE (Reuters): The Asian crude market is expected to be under pressure on ample supplies this week, as refinery shutdowns for maintenance cut demand even as Indonesia and China reduce oil production, traders said yesterday.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 13, 1998: Buying Selling Rp Rp U.S. dollar 1 7,250.00 8,750.00Austrian shilling 1 541.10 649.70Australian dollar 1 4,703.50 5,280.50Belgian franc 1 191.10 213.70Canadian dollar 1 5,056.

Palm oil markets seen mixed

Palm oil markets seen mixed KUALA LUMPUR (Reuters): Asian palm oil markets are likely to be mixed this week with news India may soon cut import duties on edible oils and unexpectedly good Malaysian crop numbers seen triggering some short-covering, traders said.

Put off traffic sticker plan: PPP legislator

Put off traffic sticker plan: PPP legislator JAKARTA (JP): The United Development Party (PPP) urged the city administration yesterday to shelve its controversial traffic sticker project until the economic crisis is over.

Govt projects unemployment to reach 15%

Govt projects unemployment to reach 15% JAKARTA (JP): Some 13.4 million people, or nearly 15 percent of Indonesia's 90 million-strong workforce, will be unemployed by the end of March next year, Minister of Manpower Theo L. Sambuaga said yesterday.

Prices of three fertilizers increased 12.5 percent

Prices of three fertilizers increased 12.5 percent JAKARTA (JP): The government increased sale prices of three commonly used fertilizers yesterday by an average of 12.5 percent to cut back on subsidies, but said the move would not eat into farmers' income.

Kadin seeks big debt cut from foreign creditors

Kadin seeks big debt cut from foreign creditors JAKARTA (JP): Foreign lenders are expected to grant an average 30 percent to 40 percent reduction in Indonesia's private sector debt, the Indonesian Chamber of Commerce and Industry (Kadin) said.

Students protest misuse of funds

Students protest misuse of funds PEKANBARU, Riau: Hundreds of students staged a demonstration at their school here yesterday to protest against the recent purchase of a palm oil plantation in the province using school funds.

Aetna buys NYL Health Care

Aetna buys NYL Health Care JAKARTA (JP): United States-based insurance company Aetna has bought the NYL Care Health Plans business, a subsidiary of the New York Life Insurance Company, for US$1.05 billion.

French minister due here

French minister due here JAKARTA (JP): French Foreign Trade Minister of State Jacques Dondoux and a delegation of officials from his ministry are scheduled to arrive here today on a two-day visit.Dondoux will meet Vice President B.J.

Five more arrested for murder of Army sergeant

Five more arrested for murder of Army sergeant JAKARTA (JP): Another five men have been arrested for the murder of Army officer First Sgt. Moh. Irsal Rumalian at Hotel Sentral, Central Jakarta, on March 24, police said yesterday.City police spokesman Lt. Col. E.

Soeharto: RI committed to reform

Soeharto: RI committed to reform JAKARTA (JP): President Soeharto reaffirmed yesterday his commitment to the government's economic and financial reforms, explaining they were the only way for the country to lift itself out of its economic turmoil.

Cepu inundated after heavy rain

Cepu inundated after heavy rain CEPU, Central Java: Hundreds of houses in several villages in Cepu were inundated when the river flowing through Surakarta burst its banks following a heavy downpour over the last two days.No casualties have been reported.

Canada, RI sign techno deal

Canada, RI sign techno deal JAKARTA (JP): The Canadian and Indonesian governments have agreed to cooperate on a two-year project called Canada-Indonesia Technology Network.Canadian Ambassador to Indonesia Gary J.

RI's foreign exchange reserves at US$16.58b

RI's foreign exchange reserves at US$16.58b JAKARTA (JP): The country's gross foreign exchange reserves were US$16.59 billion as of March 31, down slightly from $16.6 billion as of March 13 and $17.07 billion on Feb. 16, Bank Indonesia said yesterday.

Three killed ahead of RP elections

Three killed ahead of RP elections COTABATO, Philippines (Reuters): Gunmen armed with assault rifles shot dead a mayor and two others in the southern Philippines yesterday in the first violence ahead of the May 11 national election.

Market responds positively to new deal

Market responds positively to new deal JAKARTA (JP): The rupiah closed slightly higher against the U.S. dollar yesterday due to a positive market response to the new economic reform accord between the government and the International Monetary Fund (IMF), currency dealers said.

Chinese issue is RI 'internal affair'

Chinese issue is RI 'internal affair' JAKARTA (JP): China considers the issues raised by the presence and activities of ethnic-Chinese Indonesians a domestic matter and will not interfere in it, visiting Foreign Minister Tang Jiaxuan said at a media briefing yesterday.

Sports tax

Sports taxFrom Media IndonesiaIt is still fresh in our memories the various efforts made to collect funds for sports development, including through different national lotteries (Lotto, Porkas and SDSB) and compulsory donations charged with electricity and telephone bills and so forth.