Indonesian Political, Business & Finance News

Archive: 25 April 1998

54 articles found

Bank Exim's rating adjusted

Bank Exim's rating adjusted JAKARTA (JP): International rating agency Standard & Poor's revised local-currency rating of state Bank Ekspor-Impor Indonesia (Bank Exim) to "CCCpi" from "NM" following the bank's release from the supervision of the Indonesian Bank Restructuring Agency (IBRA).

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 24, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 1,000 0 6,500 Alumindo Light Metal 400 0 43,500 Alumindo...

Toothache delays governor choice

Toothache delays governor choice JAKARTA (JP): The selection of East Kalimantan's gubernatorial candidates was delayed Wednesday because the speaker of the provincial legislative council, Harsono, had a toothache, a media report said yesterday.

Government wages war against dengue fever

Government wages war against dengue fever JAKARTA (JP): President Soeharto expressed deep concern yesterday over the dengue fever outbreak that has affected thousands and killed at least 429 people across the country over the past months.

Traders angry over latest RI CPO twist

Traders angry over latest RI CPO twist LONDON (Reuters): Crude palm oil drifted lower at the opening of the European vegetable oil market yesterday but participation was thin ahead of this evenings trade dinner in Rotterdam.

Hospitals and the dengue outbreak

Hospitals and the dengue outbreak As Dr. Ali Imran Umar revealed recently, Jakarta office of the Ministry of Health survey findings show the greatest numbers of Aedes aegypti mosquitoes (carriers of the dengue fever virus) are found in hospitals.

More minivans rev up protests

More minivans rev up protests JAKARTA (JP): The West Jakarta administration's policy to allow five more public transport minivans B-06 to ply the Kamal- Kota route has met with angry protests from owners of those already in service.

Paradise lost refound?

Paradise lost refound? I am writing in response to the letter 'Paradise lost?' by Mr. Roland Woehrle of April 14.After reading of your recent experiences we share your feelings of disappointment and frustration.

Police opt to cancel Red Cross sticker sales at offices

Police opt to cancel Red Cross sticker sales at offices JAKARTA (JP): City Police decided yesterday to cancel sales of Indonesian Red Cross (PMI) stickers imposed for several police services because there was no official instruction governing the measure, an officer said.City Police spokesman Lt.

Govt increases minimum legal work age to 15 years

Govt increases minimum legal work age to 15 years JAKARTA (JP): The government has revised the legal work age to 15 years and above, from 10 years previously, in a bid to reduce child labor and keep more young people in school.

RI revamps judiciary and bankruptcy laws

RI revamps judiciary and bankruptcy laws NEW YORK (Dow Jones): As many international creditors will tell you, Indonesia's legal system is long overdue for a revamp.The country's bankruptcy laws and the judicial infrastructure for enforcing them are outdated, unreliable and virtually unworkable,...

Violence mars student demonstration in Medan

Violence mars student demonstration in Medan JAKARTA (JP): Students in Medan threw Molotov cocktails at security personnel who responded with volleys of tear gas and rubber bullets yesterday as more than 20,000 protesters throughout the country continued their demonstrations for reforms.

Four fetuses dumped in North Jakarta

Four fetuses dumped in North Jakarta JAKARTA (JP): Four fetuses were found in plastic bags under a flyover on Jl. Warakas, Tanjung Priok, in North Jakarta yesterday afternoon.Witnesses said that a 15-year-old student, identified as Heri, made the discovery only 200 meters away from where 11 aborted...

Fifteen years of service

Fifteen years of service The Jakarta Post is 15 years old today. Normally, the fifteenth anniversary in a newspaper's life would be cause for a special celebration. But these are not ordinary times. The economic crisis, which has been hitting us for the past several months, has forced us to scale...

Cooking oil producers assured of CPO supply

Cooking oil producers assured of CPO supply JAKARTA (JP): Minister of Forestry and Plantations Sumahadi gave assurances yesterday that the country's three state cooking oil producers would continue to receive a supply of crude palm oil (CPO) from state plantation companies.

Two state firms to be turned into trading house

Two state firms to be turned into trading house JAKARTA (JP): The government plans to convert two of its state-owned trading companies into a trading house to facilitate the country's exports, a minister said yesterday.

Malaysia palm oil may outdo oil and gas

Malaysia palm oil may outdo oil and gas KUALA LUMPUR (Reuters): Malaysia, the world's largest palm oil exporter, expects record earnings from the commodity this year, possibly surpassing even crude oil and gas, its top money spinners.

Postpone sticker plan until crisis end: Golkar

Postpone sticker plan until crisis end: Golkar JAKARTA (JP): The Golkar faction in the House of Representatives added yesterday to mounting pressure on the city administration to shelve plans to introduce a traffic sticker system.

Fajar to restructure debts

Fajar to restructure debts HONG KONG (Dow Jones): Indonesia's Fajar Surya Wisesa said yesterday it will seek to restructure its outstanding debts, totaling at least US$265 million, and ask creditors to accept a moratorium on principal and interest payments until the restructuring is complete.

Doctors told to improve dengue treatment

Doctors told to improve dengue treatment JAKARTA (JP): Respected medical experts have said that doctors who hastily recommend blood transfusions for dengue patients are "inexperienced".In a media briefing held by the Indonesian Hematology and Blood Transfusion Association yesterday, the experts...

Seachem clarifies

Seachem clarifies We refer to your article of April 3 titled 'CPO smuggling rife again: Hasan'.As operators of the vessel Courageventure, a ship with a similar name to the vessel mentioned in your above article, we wish to make clear on behalf of our company, the owners of the vessel and one of the...

Liberian tried for his role in heroin trafficking

Liberian tried for his role in heroin trafficking JAKARTA (JP): A Liberian citizen was indicted at Central Jakarta District Court yesterday on charges of being involved in an 850-gram heroin deal.Prosecutor Toto Sucasto said the defendant, Jones Brown, 23, and his two Nigerian accomplices, Melvin...

Timah rakes in windfall profit from rupiah's fall

Timah rakes in windfall profit from rupiah's fall JAKARTA (JP): Publicly listed tin mining company PT Timah booked a profit of Rp 125.7 billion (US$15.7 million) in the first quarter of this year, up 375 percent from Rp 26.5 billion in the same period last year despite a fall in sales.

New firm 'controls' clove supply

New firm 'controls' clove supply JAKARTA (JP): The nation's cigarette manufacturers are still under an unofficial obligation to buy their cloves from one supplier, PT Kembang Cengkeh Nasional (KCN), the chairman of the Association of Indonesian Cigarette Companies said yesterday.

UNCHR statement good deal for RI

UNCHR statement good deal for RIBy Dino Patti Djalal GENEVA (JP): The big question faced by Indonesia in the 54th session of the UN Commission on Human Rights (UNCHR) was finally answered Thursday when the commission produced a chairman's statement on East Timor.

Jakarta's reforms ease worst fears

Jakarta's reforms ease worst fears HONG KONG (Dow Jones): Indonesia has put to rest the markets' worst fears by announcing this week that it has complied with the first major set of reforms under the International Monetary Fund's $43 billion restructuring program.

Contract workers increase

Contract workers increase SEMARANG: The number of people going abroad to work from Central Java has steadily increased over the past several months, Antara reported yesterday.Head of the provincial manpower office, Andi Usman, said 2,843 Central Javanese had left Indonesia over the period between...

Tourist visas

Tourist visas It is really sad to read about the decreasing figures of tourist visiting Indonesia (The Jakarta Post, April 20).I have a suggestion which might increase the flow of tourists despite all the negative reports about the country.

Govt's humorless stance no laughing matter for press

Govt's humorless stance no laughing matter for press JAKARTA (JP): The government's failure to grasp humorous intent could threaten the existence of the country's press, speakers in a discussion on a responsible press agreed here yesterday.

Scholarships offered to athletes

Scholarships offered to athletes PURWOKERTO, Central Java (JP): The state Jenderal Soedirman University here is offering scholarships to 25 athletes across the country in the next academic year.The university's rector, Rubiyanto Misman, said yesterday the awards were aimed at boosting not only the...

Dismissed workers seek redress

Dismissed workers seek redress JAKARTA (JP): Seventeen former employees of state-run tin mining company PT Tambang Timah took their dispute with the company to the National Commission on Human Rights.The group, which was met by commission members Clementino dos Reis Amaral and Nohamad Salim,...

Food aid to pour into Indonesia

Food aid to pour into Indonesia JAKARTA (JP): Japan plans to send more than 500,000 metric tons of rice to Indonesia to ease escalating food shortages due to the severe drought, Japan's agriculture minister said yesterday.

Inco earns $5.2 million in first quarter

Inco earns $5.2 million in first quarter JAKARTA (JP): Nickel producer PT International Nickel Indonesia (Inco) announced unaudited earnings of $5.2 million for the first quarter of 1998, compared to $7.1 million for the first quarter of 1997.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting, Sculpture Exhibition by 82 Alumni ASRI Yogya, at World Trade Center, Jl. Jend. Sudirman Kav. 29-31, Central Jakarta, 10 a.m. to 9 p.m., until April 27. * Photo Exhibition: Potret by Benno Harun and Artli Ali at Plaza Indonesia Atrium, Jl. M.H.

Nuriana reelected West Java governor

Nuriana reelected West Java governor BANDUNG, West Java: As many predicted, 60-year-old R. Nuriana was reelected governor of West Java after winning a majority vote during a plenary session of the local legislative assembly here Wednesday.

Stocks drop due to decline in blue chips

Stocks drop due to decline in blue chips JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) were again driven down yesterday by a sharp fall in large capitalized stocks, stockbrokers said.The JSX Composite Index ended 0.3 percent lower, down 1.37 points to 490.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 24,1998: Buying Selling Rp Rp U.S dollar 1 7,500.00 8,500.00Austrian shilling 1 569.50 678.30Australian dollar 1 4,828.90 5,379.20Belgian franc 1 200.90 222.60Canadian dollar 1 5,191.

Shuttlers tune up for Thomas, Uber Cup finals

Shuttlers tune up for Thomas, Uber Cup finals JAKARTA (JP): Indonesian top shuttlers shaped up for the Thomas Cup and Uber Cup finals in simulation matches at the Senayan Indoor Stadium yesterday, with Hariyanto Arbi giving the only worry to the defending champions.

Housing complex hit by flood

Housing complex hit by flood JAKARTA (JP): Hundreds of houses in a complex in East Jakarta were flooded yesterday, despite having fair weather all day.Water began to rise in the Cipinang Indah housing complex at 11 a.m. By 7:30 p.m. floods were up to 1.5 meters deep, residents said.

Recourse set in bankruptcy law

Recourse set in bankruptcy law JAKARTA (JP): A new bankruptcy act which will come into force in July promises simple and swift court actions that will give better protection to creditors and other claimants than the existing legislation.

Golkar rejects talk of leadership change

Golkar rejects talk of leadership change JAKARTA (JP): Golkar has said no to a spate of calls for a new president.An official of the ruling political organization said yesterday that Golkar would not heed student demands calling for President Soeharto to be replaced since now was not the time for a...

Wiranto meets with KL counterparts

Wiranto meets with KL counterparts JAKARTA (JP): Minister of Defense/Armed Forces Commander Gen. Wiranto began a visit to Kuala Lumpur yesterday by meeting his Malaysian counterparts, Defense Minister Syed Hamid Albar and Commander of the Malaysian Armed Forces Gen. Ismail.

Lombok pottery pieces go international

Lombok pottery pieces go internationalBy H. Bur Solihin MATARAM (Antara): A decade ago pottery from Lombok, such as large bowl-like water containers and lamp shades, were merely simple works made with traditional techniques.

Professional managers fill key ministry posts

Professional managers fill key ministry posts JAKARTA (JP): Several professional managers from top private and state companies have been appointed to fill important posts in the Ministry of Finance and the Office of the State Minister of the Empowerment of State Enterprise.

Rights body will query activists

Rights body will query activists JAKARTA (JP): Rights campaigner Marzuki Darusman expressed his belief yesterday the military and police were linked to the highly publicized disappearances of student and political activists.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Red Shoes 3:05 Children's Drama: Balada Kura-Kura 3:30 Science Film: Ticket to Adventure 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports...

Credit-card scam at Lippo Bank branch

Credit-card scam at Lippo Bank branch JAKARTA (JP): The Menteng, Central Jakarta, branch of Lippo Bank has suffered about Rp 300 million in losses in a credit-card scam, police said yesterday.Addresses and other documents of 50 credit card holders, who have been delinquent in payment since last...

Expelled diplomat faces probe at home

Expelled diplomat faces probe at home JAKARTA (JP): An Indonesian diplomat who was expelled by the Tanzanian government for alleged illegal possession of game trophies this week will face an investigation from the authorities on his return, the Ministry of Foreign Affairs said yesterday.

Sleepy Asian currencies hold up with Japan's yen

Sleepy Asian currencies hold up with Japan's yen SINGAPORE (Reuters): Asian currencies held up in listless trade yesterday as the yen's resilience provided the only point of interest in a market largely starved of fresh leads.

Landslide kills three in Dili

Landslide kills three in Dili DILI, East Timor: Three people were killed and two injured when a landslide, brought on by hours of heavy rain, buried two houses Thursday night in West Lahane village, West Dili district.

SEI aids fight against fires

SEI aids fight against fires JAKARTA (JP): SEI Industries Ltd. of Canada donated a package of fire-fighting equipment to the Ministry of Forestry and Plantations on Thursday to help the ministry in its efforts to extinguish the forest fires in East Kalimantan.

Bekasi to get more open schools

Bekasi to get more open schools BEKASI (JP): The local administration plans to establish another open junior high school because existing regular schools are not enough, an official has said.Bekasi already has an open junior high school, with its headquarters in Sukatani district, with 2,072...

Yuyun finished fifth at Asian X Games

Yuyun finished fifth at Asian X Games PHUKET, Thailand (JP): Indonesia's Yuyun Yuniarti failed to impress in the wall climbing difficulty event final at the Asian X Games Qualifier here yesterday.Yuyun, a late recruit to the Indonesian team for the radical sports competition, had to settle for...

Police asked to probe Games sticker scam

Police asked to probe Games sticker scam JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono has asked the police to investigate an alleged scam in the sale of stickers to fund the 19th Southeast Asian Games here last year.