Indonesian Political, Business & Finance News

Archive: 2 May 1998

50 articles found

ABRI to investigate abductions

ABRI to investigate abductions This nation's honor and dignity was dealt a heavy blow by the recent spate of disappearances and the international community has been quick to accuse Indonesian authorities of having no regard for their country's own citizens.

Local academics oppose Soewardi's reelection

Local academics oppose Soewardi's reelection SEMARANG (JP): A group of local academics has rejected outright the proposal to reelect Central Java Governor Soewardi, who was busy yesterday refuting allegations that he set up a team and furnished it with Rp 18 billion (US$2.

Indonesian debt team to meet creditors in Tokyo

Indonesian debt team to meet creditors in Tokyo JAKARTA (JP): The government-appointed private offshore debt team and international creditor banks will meet in Tokyo on May 7-10 to discuss a broad agreement to restructure the country's huge private debt.

Indonesian Navy to bring home illegal migrants

Indonesian Navy to bring home illegal migrants JAKARTA (JP): An Indonesian Navy transportation ship will depart Malaysia on Tuesday to bring home 1,759 illegal migrants.The Tanjung Oisina will depart from Pasir Gudang harbor in Johor Baru, Malaysia, and is scheduled to arrive at Tanjung Perak...

Fuad says banking reform implemented rapidly

Fuad says banking reform implemented rapidly GENEVA (Dow Jones): Indonesian Minister of Finance Fuad Bawazier yesterday rejected a recent assessment by rating group Standard & Poor's that the Indonesian government isn't pushing ahead fast enough with its banking sector reforms.

Humpuss starts exploration

Humpuss starts exploration JAKARTA (JP): PT Humpuss Patragas, a technical assistance contractor of state oil and gas firm PT Pertamina, will soon start oil exploration in Bojonegoro and Tuban, East Java.

Russian lady dies after fall from 2nd floor of her house

Russian lady dies after fall from 2nd floor of her house JAKARTA (JP): A Russian woman died after falling from a second floor window at her residence on Jl. Rasuna Said, Kav. 10, No. 2, South Jakarta, on Thursday night, police said.

RI's crude prices rise

RI's crude prices rise TOKYO (Dow Jones): Unofficial prices for Indonesian crude grades have climbed, putting April prices above March levels, according to industry calculations released yesterday.For most grades, price rises ranged from $0.97 to $1.72 a barrel.

Political reforms only 'after 2003'

Political reforms only 'after 2003' JAKARTA (JP): President Soeharto said yesterday that he was all for political and economic reforms but indicated that such reforms should only be implemented after 2003.

Bali governor off to Washington

Bali governor off to Washington DENPASAR, Bali: Bali Governor Ida Bagus Oka has been invited by the World Bank to attend a discussion on urban development in Washington from May 18 to May 21."This is a good opportunity for us to participate in an international event especially since Bali has been...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 1, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 975 -25 970,500 Alumindo Light Metal 375 0 36,500 Alumindo...

Pastrana beats Roga for title

Pastrana beats Roga for title FORT LAUDERDALE, Florida (AP): Colombia's Mauricio Pastrana successfully defended his International Boxing Federation junior flyweight title with a fourth-round knockout of Indonesia's Anis Roga Thursday night.

Pasar Jaya in deep water over parking rate hike

Pasar Jaya in deep water over parking rate hike JAKARTA (JP): The municipality is investigating PD Pasar Jaya, the city-owned market management company, for raising parking fees without the governor's approval, a senior official said.

Amien Rais 'forced' to talk on East Timor

Amien Rais 'forced' to talk on East Timor WASHINGTON, D.C. (Antara): Moslem scholar Amien Rais has expressed disappointment that the Human Rights Caucus "forced" him to talk on the issue of East Timor before a formal forum without sufficient preparation.

No more obligations on clove purchases: Official

No more obligations on clove purchases: Official JAKARTA (JP): Cigarettemakers are no longer required to buy cloves from PT Kembang Cengkeh Nasional (KCN) in order to be able to purchase excise stamps from the customs and excise office, a key government official said yesterday.

Veterans backbone of RI's badminton team

Veterans backbone of RI's badminton team JAKARTA (JP): There were no surprises yesterday when Indonesia named veterans to spearhead its teams for the Thomas Cup and Uber Cup finals from May 15 to May 24 in Hong Kong.

Farm unites students, soldiers

Farm unites students, soldiers JAKARTA (JP): Soldiers and dozens of students from 25 universities in Greater Jakarta have joined forces to cultivate unused land in Bekasi.The land, acquired mostly by property developers, is being cultivated for people who lost their jobs during the economic crisis.

Power, ful prices to go up on same day

Power, ful prices to go up on same day JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday the government would raise fuel and electricity prices concurrently.But he refused to reveal when the price increase would be announced.

1,500 workers go on strike

1,500 workers go on strike TANGERANG (JP): About 1,500 workers of PT Starnesia Garment on the Jatiuwung industrial estate went on strike yesterday, protesting deductions from their salaries and demanding the establishment of a labor union branch and a pay rise.

Waitress' death was accident: Kopassus

Waitress' death was accident: Kopassus JAKARTA (JP): The severe chest wound that led to the death of a woman in the Army's special force (Kopassus) headquarters Wednesday was caused by an accident, doctors and officers said yesterday.

Confiscated boats for migrants

Confiscated boats for migrants SEMARANG, Central Java: The government has agreed to give foreign fishing boats apprehended for violating Indonesian territorial waters to fishermen set for transmigration.

Company donates blood, milk

Company donates blood, milk JAKARTA (JP): One hundred employees and executives of electronics company PT Prima Global Elux donated blood Thursday for people suffering from dengue fever.The donation was witnessed by Melanie Wikanta, an Indonesian Red Cross executive, and Fredrik Ramen, the president...

Reform in a constitutional way

Reform in a constitutional wayFrom MerdekaCertain sides say that reform should be constitutional, meaning that reform must be in line with the 1945 Constitution. Some of its articles read as follows:Article 33, paragraph 1: the economy is organized as a joint effort based on the family principle.

Obuchi to meet Asian leaders

Obuchi to meet Asian leaders BANGKOK (AP): Japanese Foreign Minister Keizo Obuchi headed to Thailand yesterday, the first stop on a tour that will also take him to Malaysia and Singapore for talks with regional leaders on ways to ease Asia's economic crisis.

East Timor issue

East Timor issue The article by Dino Patti Djalal, UN statement good deal for RI, April 25, touched on some problems for Indonesian foreign policy with regard to East Timor without addressing the fundamental obstacles which currently prevent a lasting solution to the dispute.

BAJ expects higher profit

BAJ expects higher profit JAKARTA (JP): Publicly listed integrated tapioca producer PT Budi Acid Jaya (BAJ) is expecting a 30 percent increase in its gross profit this year, the company said yesterday.BAJ's corporate secretary, Mawarti, said the projected profit increase was partly due to the high...

Toyo to expand RI factory

Toyo to expand RI factory TOKYO (Nikkei): Toyo Communication Equipment Co. plans to invest about 550 yen million to expand its Indonesian factory for the production of low-cost, sealed-glass liquid crystal oscillators, The Nikkei Industrial Daily reported in its Friday edition.

Herry to fight it out for keep perfect record

Herry to fight it out for keep perfect record JAKARTA (JP): Herry Makawimbang vowed yesterday to maintain his winning streak when he fights Salim Ayuba in a 10-round junior featherweight bout in Tangerang, West Java, today.

IMF set to restart loan payments to RI

IMF set to restart loan payments to RI WASHINGTON (Reuters): The International Monetary Fund is set to approve a US$1 billion loan payment to Indonesia next Monday, and to disburse a further $2 billion in June and July, a senior IMF official said yesterday.

Scholars to discuss national pride, identity

Scholars to discuss national pride, identity SURABAYA (JP): Hundreds of scholars will discuss at a seminar today how education should be developed so that it can rebuild "national identity and dignity".

Haj pilgrims death toll reaches 719

Haj pilgrims death toll reaches 719 JAKARTA (JP): The number of Indonesian haj pilgrims who died in the Holy Land this year has reached 719, including a woman only recently known to have been killed in the mass stampede in Mina, near Mecca.

C. Java governor takes salary cut

C. Java governor takes salary cut SEMARANG, Central Java: From yesterday Central Java's governor, mayors, regents and their assistants began receiving lower basic salaries to support the government's poverty alleviation program."Beginning this month, my basic salary of Rp 1.1 million (US$137.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 1, 1998: Buying Selling Rp Rp U.S. dollar 1 7,600.00 8,600.00Austrian shilling 1 576.20 690.00Australian dollar 1 4,900.00 5,486.00Belgian franc 1 203.60 226.80Canadian dollar 1 5,261.

Pius may report rights abuse to UN: Marzuki

Pius may report rights abuse to UN: Marzuki JAKARTA (JP): Political activist Pius Lustrilanang may report his abduction and the abuse he received at the hands of his abductors to the United Nations (UN) Commission on Human Rights, which may prompt the body to issue a resolution against Indonesia,...

Constitution needs changes, experts claim

Constitution needs changes, experts claim JAKARTA (JP): Legal experts called yesterday for revisions in the 1945 Constitution to plug loopholes allowing for abuse of power.Prof. Harun Alrasid said its shortcomings including contents open to various interpretations, which could be used by the...

Implication of monetary crisis

Implication of monetary crisisFrom MerdekaThe drawn out monetary crisis has grown into a national multicrisis. Almost everyday I read the opinions and analyses of so-called experts in economic, legal and political fields.

Crisis takes its toll on two popular magazines

Crisis takes its toll on two popular magazines JAKARTA (JP): Jakarta-Jakarta and Tiara, two popular magazines managed by the giant Kompas-Gramedia publishing group, began scaling back their office activities yesterday due to the impact of the economic crisis.

Abductions hard to understand

Abductions hard to understandFrom Pikiran RakyatJudging from the media reports on missing people, I cannot make head or tail how this thing could happen. It is as if we were in an uncivilized country.Thank God some of the missing people have returned to their homes, although, unfortunately, most of...

80% of CPO products to be sold locally

80% of CPO products to be sold locally JAKARTA (JP): Indonesia's palm oil producers have agreed to sell 80 percent of crude palm oil products on the domestic market, despite the government's recent decision to remove an export ban on the commodity.

IPTN to replace all foreign engineers soon

IPTN to replace all foreign engineers soon BANDUNG, West Java (JP): State aircraft manufacturer IPTN will replace all of its foreign engineers in the next three months in an effort to cut company spending and boost its efficiency.

Alleged thief shot dead in Ciputat for resisting arrest

Alleged thief shot dead in Ciputat for resisting arrest JAKARTA (JP): Police have shot dead an alleged thief believed to be a member of the city's most notorious vehicle-stealing gang in Pondok Ranji railway station in Ciputat, South Jakarta.

Nokia opens two centers

Nokia opens two centers JAKARTA (JP): Nokia Mobile Phones Indonesia, a subsidiary of the Finnish mobile phone producer Nokia, has opened two sales and service centers in Surabaya, East Java and Kuta, Bali.

Telkom warns of illegal levies

Telkom warns of illegal levies JAKARTA (JP): The South Jakarta branch of state telecommunications company PT Telkom has admitted some employees have illegally charged between Rp 50,000 (US$6) and Rp 100,000 for installing a telephone line.

Composers show their concern in concerts

Composers show their concern in concerts JAKARTA (JP): Since Thursday, several top local composers have shown their concern over the country's woes in performances at Gedung Kesenian Jakarta in Central Jakarta.

Students extend demand on total govt reforms

Students extend demand on total govt reforms JAKARTA (JP): Protesting students and security personnel held their ground yesterday, as though waiting for the other to blink, in more of the student demonstrations for reform that began two months ago and have yet to show signs of abating.

Share prices plunge on political fears

Share prices plunge on political fears JAKARTA (JP): Share prices on the Jakarta Stock Exchange plunged 2.5 percent yesterday as President Soeharto issued a strong warning to campus protesters.Brokers said that most investors sold their stocks because of fears that the President's warning would...

Lectures on Islam in English

Lectures on Islam in English JAKARTA (JP): Moslem organization New Moslems is hosting two public lectures in English this month aimed at both Moslems and non-Moslems.The Relevance of the Koran to Modern Science will be delivered next Sunday while The Koranic view of Embryology and Cloning is...

Marine research starts next month

Marine research starts next month AMBON, Maluku: The local research and development center of the National Institute of Sciences here is planning to conduct its first research study on marine biodiversity found in the small islands located in the eastern part of the country.

Teamwork vital to prevent fires

Teamwork vital to prevent fires SINGAPORE (DPA): Southeast Asian non-governmental organizations (NGOs) are set to gather in Singapore next month to discuss battling the region's forest fires and the resulting haze that periodically blankets the region, a news report said yesterday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Works of Indonesian Painters Association at Devi Collection Interior House, Jl. Kemang Timur No. 46A (Phone: 7991636), South Jakarta, 10 a.m. to 9 p.m., until May 15.