Archive: 30 June 1998
52 articles found
Tue, 30 Jun 1998, 00:00 WIB
House asked to endorse bankruptcy rules
House asked to endorse bankruptcy rules JAKARTA (JP): The government urged the House of Representatives yesterday to endorse its new bankruptcy regulation issued in lieu of a law in April to deal with the mountain of cases caused by the economic crisis. Minister of Justice Muladi told a plenary session of the House that the government hoped the regulation, issued to replace the antiquated bankruptcy law, could come into effect on Aug. 20.
Tue, 30 Jun 1998, 00:00 WIB
Medco boosts oil output to offset lower oil prices
Medco boosts oil output to offset lower oil prices JAKARTA (JP): Publicly listed oil and gas company Medco Energy Corporation plans to increase its oil, gas and methanol output this year to offset a decrease in prices. "The depressed prices are really having an impact on us. But we hope to maintain a good, if not better, performance this year by increasing our output," Medco's newly appointed president, John S. Karamoy, told reporters after a company shareholders meeting yesterday.
Tue, 30 Jun 1998, 00:00 WIB
No new loan request from RI
No new loan request from RI TOKYO (Reuters): Japan has not been asked by the International Monetary Fund (IMF) to make additional loans to Indonesia, an official at the Ministry of Finance said yesterday. "If needed, Japan will probably consider what it can do. But there has been no such request," the official, who did not want to be identified, told Reuters.
Tue, 30 Jun 1998, 00:00 WIB
Air Force sergeant held for 'killing'
Air Force sergeant held for 'killing' JAKARTA (JP): The police arrested last night an Air Force first sergeant for allegedly killing a woman whose dismembered body was found in a fishpond in Pondok Ranggon, East Jakarta, on Saturday. Chief of the East Jakarta Police precinct Lt. Col. Sjahrir Kuba told The Jakarta Post last night that his team of detectives arrested the Air Force officer, identified only as First Sgt. Luk, at 9:30 p.m. at a security post near Halim Airbase in East Jakarta.
Tue, 30 Jun 1998, 00:00 WIB
TV today
TV today TVRI 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Variety Show 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports: Monitor Olah Raga 6:30 TVRI News (in English), featuring News & Views, by host Inke Maris and Muladi, Minister of Justice 7:00 Evening News 7:35 TV Drama: Biro Jasa 8:00 News: Lintasan...
Tue, 30 Jun 1998, 00:00 WIB
Habibie yet to decide on his reelection
Habibie yet to decide on his reelection JAKARTA (JP): President B.J. Habibie said yesterday that he had yet to decide whether or not to run for the presidency in next year's planned general elections, saying it is too early for him to decide since his mind is preoccupied with lifting the nation out of its crisis. His response seemed to backtrack on previous remarks he made earlier this month that he would not run for the presidency.
Tue, 30 Jun 1998, 00:00 WIB
Villagers launch counterrally
Villagers launch counterrally TANGERANG (JP): Some 400 villagers of Babakan Asem subdistrict staged a rally in front of the Tangerang regency yesterday, demanding the regent restore M. Buang, their village head, to his position.
Tue, 30 Jun 1998, 00:00 WIB
Speedier reforms needed after IMF deal
Speedier reforms needed after IMF deal The government has signed another agreement over the US$43 billion reform loan package with the International Monetary Fund (IMF). Economist Kwik Kian Gie says Indonesia needs to accelerate political reform in tandem with the new accord. JAKARTA (JP): Some people say economics has no bearing on politics. Institutions like the IMF and the World Bank certainly have a tendency to belittle the importance of such relations.
Tue, 30 Jun 1998, 00:00 WIB
Blora calm after evening of rioting
Blora calm after evening of rioting BLORA, Central Java: The Blora regency was calm yesterday after riots Monday evening left one person dead and six houses burned. Blora police chief Lt. Col. Guritno said yesterday the riot erupted after several people seen stealing timber from the state- owned timber company PT Perhutani were shot at.
Tue, 30 Jun 1998, 00:00 WIB
Asia palm oil market seen firm on data, supply
Asia palm oil market seen firm on data, supply KUALA LUMPUR (Reuters): Asian palm oil prices are expected to rise this week on expectations of bullish export data and tight supplies, regional traders said. Trading would also depend on currency movements, they said, adding that buyers were likely to cover their positions in the wake of weaker ringgit and rupiah. "Malaysia's good export data is quite inspiring and it looks like supplies in Indonesia are tightening," said one trader in Singapore.
Tue, 30 Jun 1998, 00:00 WIB
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 June 29 to July 5: U.S.
Tue, 30 Jun 1998, 00:00 WIB
Deposit guarantee
Deposit guarantee From Kompas The government has decided to give a 100 percent guarantee for deposits placed in a national bank. Unfortunately, the run recently at several private banks indicates that customers still do not feel safe depositing their money in banks. They have this feeling of insecurity because the government has never specifically explained to the public the mechanism of how this guarantee policy will be applied.
Tue, 30 Jun 1998, 00:00 WIB
Govt to release more political prisoners
Govt to release more political prisoners JAKARTA (JP): Minister of Justice Muladi said here yesterday that at least 10 more political prisoners will be released within the next 10 days. Muladi however said that East Timorese separatist leader Jose Alexandre "Xanana" Gusmao would not be among those who would be released.
Tue, 30 Jun 1998, 00:00 WIB
Barito not to pay dividend due to massive losses
Barito not to pay dividend due to massive losses JAKARTA (JP): Publicly listed integrated timber company PT Barito Pacific Timber (BPT) has decided not to pay a dividend for the company's 1997 financial year due to sustaining significant losses during the year.
Tue, 30 Jun 1998, 00:00 WIB
Rare banknote worth US$83,636
Rare banknote worth US$83,636 SINGAPORE (Reuters): One of the world's rarest and largest denomination banknotes has been sold for S$138,000 (US$83,636), a London auction house said recently. The Straits Settlements $10,000 banknote was issued in 1930 for the British-administered territories of Singapore, Malacca and Penang. It was sold to an unidentified bidder at an auction Saturday.
Tue, 30 Jun 1998, 00:00 WIB
Exports of forest products estimated at $8.25b this year
Exports of forest products estimated at $8.25b this year JAKARTA (JP): The Indonesian Forestry Society (MPI) estimates that foreign exchange earnings from exports of wood and other forest-related products will reach US$8.25 billion this year despite sluggish sales in this year's first quarter.
Tue, 30 Jun 1998, 00:00 WIB
Habibie's precarious position
Habibie's precarious position It is becoming increasingly clear that members of the nation's political elite are now too busy preparing their own respective political agendas... to think about attempting any breakthroughs to improve the economy. Ironically, there are many who believe that it will be impossible to restore the economy until a definite national political agenda is established. Under such circumstances, it will be difficult for the government to overcome the economic crisis.
Tue, 30 Jun 1998, 00:00 WIB
Wiranto denies report Soeharto ruling ABRI
Wiranto denies report Soeharto ruling ABRI JAKARTA (JP): Minister of Defense and Security Affairs/Armed Forces Commander Gen. Wiranto admitted yesterday he is still personally close to former president Soeharto but insisted the relationship did not influence Armed Forces decision-making. He told journalists at the Armed Forces' Merdeka Barat headquarters in Central Jakarta that the Armed Forces (ABRI) had no structural relationship with Soeharto anymore.
Tue, 30 Jun 1998, 00:00 WIB
ASEAN currencies stop tracking yen
ASEAN currencies stop tracking yen SINGAPORE (Dow Jones): After weeks of mirroring the yen's every move, Southeast Asian currencies broke step with the Japanese currency yesterday. Scenting a weaker monetary policy stance from the Malaysian government, offshore funds took the opportunity to hammer both the ringgit and the Singapore dollar lower, even as the yen remained relatively stable. Both currencies fell through key support levels, with the U.S.
Tue, 30 Jun 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 29, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 0 107,500 Alumindo Light Metal 275 0 35,500 Alumindo Perkasa 200 0 0 Aneka Kimia Raya 175 25 47,000 Aneka Tambang 1,500 0 1,031,500 Anwar Sierad 100 0 10,000 Apac Centertex Corp.
Tue, 30 Jun 1998, 00:00 WIB
House to deliberate chemical weapons ban
House to deliberate chemical weapons ban JAKARTA (JP): A bill on the ratification of the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction was submitted yesterday to the House of Representatives for deliberation. Minister of Foreign Affairs Ali Alatas said that when passed, Indonesia would become the 111th party to the convention and the fifth in Southeast Asia after Brunei, Laos, the Philippines and Singapore.
Tue, 30 Jun 1998, 00:00 WIB
IBRA: Danamon needs Rp 28.3t to survive
IBRA: Danamon needs Rp 28.3t to survive JAKARTA (JP): Auditing results by independent internationally- accredited accountants on cash-strapped Bank Danamon show a very big difference to those presented by the bank's old management. The Indonesian Bank Restructuring Agency (IBRA) said yesterday the new auditing of Bank Danamon found that the bank's total assets were only Rp 9.3 trillion as of the end of March 1998, compared to Rp 25.5 trillion reported by the bank's management.
Tue, 30 Jun 1998, 00:00 WIB
Muhammadiyah rules out becoming a political party
Muhammadiyah rules out becoming a political party JAKARTA (JP): Muhammadiyah, an influential Moslem socio- education organization with 28 million supporters, is not going to become a political party, Lukman Harun, a senior member of the central executive board, said yesterday. Lukman said Muhammadiyah helped establish Masyumi in 1945 along with Nahdlatul Ulama (NU) and the Indonesian Islamic Association Party (PSII), and had formed the Indonesian Moslem Party in 1968.
Tue, 30 Jun 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 29, 1998: Buying Selling Rp Rp U.S.
Tue, 30 Jun 1998, 00:00 WIB
Trisakti defendants deny police used live ammunition
Trisakti defendants deny police used live ammunition JAKARTA (JP): The two defendants in the Trisakti shooting incident told the military tribunal yesterday that none of the police officers under their command used live ammunition during the May 12 incident. The defendants -- company commander First Lt. Agus Tri Heryanto, 29, and platoon leader Second Lt.
Tue, 30 Jun 1998, 00:00 WIB
The East Timor problem
The East Timor problem Whatever the circumstances that led up to it, the reported death of Orlando Marcelino, a 35-year-old East Timorese farmer, and the wounding of five other people in a shooting incident in Baucau yesterday is yet another damaging addition to the record of Indonesia's presence in the former Portuguese colony.
Tue, 30 Jun 1998, 00:00 WIB
500 dismissed workers demand reemployment
500 dismissed workers demand reemployment JAKARTA (JP): More than 500 dismissed and laid-off workers from 21 companies in Greater Jakarta staged a demonstration at the Manpower Ministry compound yesterday, demanding reemployment. "We realize that our companies are facing economic difficulties.
Tue, 30 Jun 1998, 00:00 WIB
BSP pays Rp 75 dividend
BSP pays Rp 75 dividend JAKARTA (JP): Publicly listed PT Bakrie Sumatra Plantations (BSP) announced yesterday it would pay a dividend of Rp 75 per share, or 30.8 percent of the net profit booked last year. The company reported a net profit of 50.4 billion (US$3.6 million at current rate) last year, a 17 percent increase from Rp 43.1 billion in 1996.
Tue, 30 Jun 1998, 00:00 WIB
Gema Ikasakti foundation launched
Gema Ikasakti foundation launched JAKARTA (JP): A group of Trisakti University alumni yesterday launched a foundation to provide scholarships to university students financially suffering from the economic crisis. The foundation, Yayasan Gema Ikasakti, hopes to collect donations from as many as 45,000 of the private university's alumni. "This idea came up after the economic crisis started (in July of last year).
Tue, 30 Jun 1998, 00:00 WIB
Bantul regent Sri Roso replaced
Bantul regent Sri Roso replaced YOGYAKARTA (JP): Yogyakarta Governor Sri Paku Alam VIII appointed Kismo Sukirdo Bantul as acting Bantul regent yesterday to replace Sri Roso Sudarmo who is being investigated over allegations that he tried to bribe a Soeharto-linked foundation with Rp 1 billion to get reappointed as regent. The decision was taken after a meeting between Yogyakarta's officials and heads of the Bantul council.
Tue, 30 Jun 1998, 00:00 WIB
Crude outlook: Heavy grades tightening
Crude outlook: Heavy grades tightening SINGAPORE (Reuters): The Asian crude market is expected to remain steady this week, as the limited July supplies of heavy Indonesian grades are facing good demand, traders said yesterday. Traders said expectations of tighter availabilities of Middle Eastern crude oil as a result of the OPEC cutbacks were leading some Asian refiners to increase their purchases of regional grades, helping keep Asian crude prices supported.
Tue, 30 Jun 1998, 00:00 WIB
Tangerang regent revokes permits of Transelindo hotel
Tangerang regent revokes permits of Transelindo hotel JAKARTA (JP): While the government is struggling hard to lure investors to Indonesia to restimulate the country's paralyzed economy, the Tangerang regency administration has revoked the operating permits of a hotel which was damaged by mobs in last month's rioting. Regent Agus Djunara issued the order against Hotel Transelindo in Kadu village, Curug district, on Saturday for reasons of public order and security.
Tue, 30 Jun 1998, 00:00 WIB
Medan has new AJI branch
Medan has new AJI branch MEDAN, North Sumatra (JP): Local journalists established a branch of the Alliance of Independent Journalists (AJI) here yesterday. M. Syamin Pardede from Kompas daily and Achmady from Adil tabloid were elected as the organization's chairman and secretary respectively. The newly formed branch would have seven divisions which include human resources development, sports, arts and culture.
Tue, 30 Jun 1998, 00:00 WIB
Lippo Securities' dividend
Lippo Securities' dividend JAKARTA (JP): Publicly listed PT Lippo Securities said yesterday it would set aside Rp 11.1 billion or 24 percent of its net profit last year for dividends. The company reported at an annual shareholders meeting that its net profit increased to Rp 45.9 billion (US$3.2 million at the current rate) last year from Rp 45.7 billion in 1996. Nevertheless, the company's operating profit rose 96 percent to Rp 158.9 billion last year from Rp 77.8 billion in 1996.
Tue, 30 Jun 1998, 00:00 WIB
Bank Duta-Bank Umum Tugu merger approved
Bank Duta-Bank Umum Tugu merger approved JAKARTA (JP): Shareholders of publicly listed Bank Duta yesterday endorsed a plan to merge with Bank Umum Tugu, owned by timber tycoon Mohamad "Bob" Hasan, a long-time golfing partner of ex-president Soeharto.
Tue, 30 Jun 1998, 00:00 WIB
Special MPR session plan endorsed
Special MPR session plan endorsed JAKARTA (JP): The House of Representatives (DPR) endorsed yesterday an agreement made by its leaders and President B.J. Habibie to convene an extraordinary session of the People's Consultative Assembly (MPR) this December. All four factions of the House -- Golkar, the Armed Forces, the United Development Party and the Indonesian Democratic Party -- agreed to assign the assembly's working committee to draw up the agenda for the MPR meeting. President B.J.
Tue, 30 Jun 1998, 00:00 WIB
Armed Forces members 'involved in abductions'
Armed Forces members 'involved in abductions' JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto has acknowledged rumors that some members of the military were involved in the abduction of scores of political activists over the past year. "ABRI has identified several of its personnel who were allegedly involved in the kidnapping of activists," Wiranto told reporters in a media conference at ABRI's Merdeka Barat headquarters yesterday.
Tue, 30 Jun 1998, 00:00 WIB
Jakarta market dormant on lingering uncertainties
Jakarta market dormant on lingering uncertainties JAKARTA (JP): The Indonesian financial markets remained sluggish yesterday with the rupiah barely moving and the stock market ending slightly higher on a lack of incentives and worries over political uncertainties. Currency dealers said the rupiah touched a day low of 15,200 in early afternoon trading following news reports that the political situation in East Timor was on the boil.
Tue, 30 Jun 1998, 00:00 WIB
Projects to absorb the unemployed
Projects to absorb the unemployed TANGERANG (JP): The Tangerang mayoralty will soon embark on a number of projects worth about Rp 1.6 billion (US$106,600) to help provide employment for the rising number of jobless people. Tangerang Mayor Djakaria Machmud said about Rp 500 million of the total Rp 1.6 billion fund would be used to build nine traditional markets in various districts, including Ciledug, Jatake, Cipondoh and Batuceper.
Tue, 30 Jun 1998, 00:00 WIB
Wood supply becoming problematic for Dayaks
Wood supply becoming problematic for Dayaks By Indra D. Himrat KUTAI, East Kalimantan (JP): Forty-two Dayak families in this village are homeless as they find it difficult to find wood, the main construction material for housing, in the area. These 169 Dayaks live in Jelmu Sibak village, Bentian Besar, Kutai, East Kalimantan.
Tue, 30 Jun 1998, 00:00 WIB
City to cut red tape for ID document
City to cut red tape for ID document JAKARTA (JP): The city administration plans to scrap eight of the 21 identification documents that foreigners, Chinese- Indonesians, non-Jakartans and even Jakartans require to live in the nation's capital, an official said yesterday.
Tue, 30 Jun 1998, 00:00 WIB
Golkar meeting canceled
Golkar meeting canceled JAKARTA (JP): A scheduled Golkar meeting due to be held yesterday evening was canceled under the request of former president Soeharto who still holds the post of head of Golkar's board of patrons. Minister/State Secretary Akbar Tandjung disclosed yesterday that President B.J. Habibie, also the executive chairman of the patron board, canceled the meeting after receiving Soeharto's request which was conveyed through former vice president Try Sutrisno.
Tue, 30 Jun 1998, 00:00 WIB
Hayono says sports ministry not effective
Hayono says sports ministry not effective JAKARTA (JP): Former state minister of sport and youth affairs Hayono Isman has said the office he once led could be dissolved to save state funds. Hayono said over the weekend that due to the prolonged economic crisis it was unlikely the ministry could undertake its planned programs. "If necessary, the ministry could be liquidated for practical reasons. What can we hope from a ministry which is unable to execute its programs," he said.
Tue, 30 Jun 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibitions * Art exhibition: Works of Agus Suwage, at Galeripadi, Jl. Ir. H. Juanda 329 (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 4 p.m., until July 19. * Poster Exhibition: Germany in Fantasy, at Goethe Institut Bandung, Jl. Martadinata 48 (Phone: 436440), June 30. * Silver Accesories by Runa Jewelry at Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81 (Phone: 022 431631), until June 30.
Tue, 30 Jun 1998, 00:00 WIB
Ananda finishes fifth in F-3
Ananda finishes fifth in F-3 JAKARTA (JP): Indonesian driver Ananda Mikola's dream of winning his first Formula Three title was still a long way away after he finished fifth at Italy's Monza circuit on Sunday. Ananda, Indonesia's future Formula One hopeful, crossed the finish line behind Italy's Maurizio Mediani and Niki Cadei, Donny Crevel of the Netherlands and Gianluca Calgani, another Italian.
Tue, 30 Jun 1998, 00:00 WIB
Australia's EFIC sees rise in Indonesian claim defaults
Australia's EFIC sees rise in Indonesian claim defaults SYDNEY (Reuters): The Australian government's Export Finance and Insurance Corp (EFIC) has paid more than A$1 million in insurance claims on defaults in Indonesia since the start of 1998, the trade insurance and facilitation group said.
Tue, 30 Jun 1998, 00:00 WIB
Inflation hits 46.5% in first semester
Inflation hits 46.5% in first semester JAKARTA (JP): The month-on-month consumer price index rose 4.64 percent in June, taking the inflation rate to 46.5 percent for the first semester of this year, the Central Board of Statistics announced yesterday. This month's inflation figure took the year-on-year rate to 56.67 percent.
Tue, 30 Jun 1998, 00:00 WIB
Councilors strongly oppose Sutiyoso's decision on 'becak'
Councilors strongly oppose Sutiyoso's decision on 'becak' JAKARTA (JP): City councilors and an official of the City Public Order Office asked Governor Sutiyoso yesterday to reconsider his decision to allow becak (pedicabs) to operate on Jakarta's streets again. They said the decision violated City Ordinance No. 11/1988 on the eradication of becak from the city's five mayoralties.
Tue, 30 Jun 1998, 00:00 WIB
One person dies, five injured in E. Timor shooting
One person dies, five injured in E. Timor shooting JAKARTA (JP): At least one person was shot dead and five others were injured yesterday when security personnel fired on a mob surrounding their vehicle, which was escorting three European Union ambassadors in Baucau, East Timor's second largest city. The dead man was identified as Orlando Marcellino, a 35-year- old farmer. About 5,000 demonstrators had rallied in front of Baucau's St.
Tue, 30 Jun 1998, 00:00 WIB
Steady Safe not to be liquidated
Steady Safe not to be liquidated JAKARTA (JP): Debt-ridden transportation company PT Steady safe will not be liquidated despite its huge overseas debts to bankrupt Hong Kong-based investment bank Peregrine Investment Holding, a senior company executive said here yesterday.
Tue, 30 Jun 1998, 00:00 WIB
Govt to hold maritime activities
Govt to hold maritime activities AMBON, Maluku: The Indonesian government is to hold a series of maritime activities, topped by a maritime expo in Bitung district, North Sulawesi, as part of celebrations to commorate the United Nations' International Maritime Year. A national ad-hoc committee has decided that the expo will be held on Sept. 24, according to the head of administration at the National Institute of Sciences' (LIPI) oceanology research and development center, Ambon Heryanto.
Tue, 30 Jun 1998, 00:00 WIB
A question for Tutty Alawiah
A question for Tutty Alawiah From Kompas One of the ministers of the Development Reform Cabinet whose voice is hardly every heard is the State Minister of Women's Roles. Harsh voices from the public condemning and complaining about sexual harassment and rapes of Indonesian women in the May 13 to May 14 riots seem to be like a temporary storm passing through the office of the Minister of Women's Roles. Should not the Minister be the most interested party in such cases?