Indonesian Political, Business & Finance News

Archive: 13 July 1998

45 articles found

Pancasila as a uniting tool

Pancasila as a uniting tool With the continuous rise in value of the U.S. dollar against rupiah, people seem to be screaming as the prices of basic necessities skyrocket. When will this situation end? There is no sign that the country's economic condition will improve.

Captive audience

Captive audience During this year's school summer vacation, we have friends and their children staying with us. After dinner on Wednesday, after the children were given permission to watch a feature film to be broadcast by Indonesian TV because, after reading the brief description of the film in...

Attracting dollar without risk

Attracting dollar without riskBy C.J. de Koning This is the first of two articles on the Indonesian monetary crisis. JAKARTA (JP): Prominent economist Prof. Dr. Soemitro Djojohadikoesoemo called recently for a lowering of rupiah interest rates because the current rates of over 58 percent are...

Handling of corruption

Handling of corruption According to a July 8 report in The Jakarta Post, the special post office box (PO Box 0008) recently established to handle complaints from the public about official corruption has been effective.

Cash-strapped Manila seeks Marcos millions deal

Cash-strapped Manila seeks Marcos millions dealBy Claire Wallerstein MANILA: The Philippines government, crippled by the Asian currency crisis, is hoping to bail itself out by striking a controversial deal with the family of Ferdinand Marcos to share the late dictator's illegally hoarded millions.

Jakarta market mixed on looming uncertainties

Jakarta market mixed on looming uncertainties JAKARTA (JP): The rupiah will remain weak this week, while the Jakarta Stock Exchange will see more buying activities after profit taking ruled the market last week, according to some analysts.

Glodok traders set to get new home at Gambir market

Glodok traders set to get new home at Gambir market JAKARTA (JP): Gambir market at Kota Baru Bandar Kemayoran in Central Jakarta is set to be the new home for electronic and computer traders from Glodok whose shops were destroyed during the May riots.

Marcos burial to end controversy

Marcos burial to end controversy MANILA (DPA): President Joseph Estrada urged the family of late dictator Ferdinand Marcos yesterday to carry on with plans to bury the former chief executive in his hometown in the northern Philippines, scrapping a controversial interment at a heroes cemetery.

Observers blast Golkar's new bureaucrat lineup

Observers blast Golkar's new bureaucrat lineup JAKARTA (JP): Observers have blasted Golkar's huge executive lineup, saying it was comprised of people affiliated to the government and that it was too big thus making it too cumbersome to meet with the swift challenges of the future.

Three injured in helicopter mishap

Three injured in helicopter mishap JAKARTA (JP): A helicopter operated by PT Derazona Air Service made an emergency landing after engine failures at a swampy area near the heavily-packed Pinang Ranti residential area at Kampung Makassar in East Jakarta yesterday morning, an official said.

International mergers and acquisitions plunge in Asia

International mergers and acquisitions plunge in Asia LONDON (Reuters): Mergers and acquisitions by international companies in Asia has fallen dramatically due to the continuing financial crisis in the region, according to a survey released by advisory group KPMG Corporate Finance today.

Golkar's vision easier said than accomplished: Analysts

Golkar's vision easier said than accomplished: Analysts JAKARTA (JP): Golkar, the dominant political organization in Indonesia for the past 32 years, may have charted a new vision to fit with a reformed Indonesia, but its own survival hinges on its ability to match words with deeds, observers said...

Euro bankers cautiously upbeat on RI debt plan

Euro bankers cautiously upbeat on RI debt plan FRANKFURT (Dow Jones): German and Dutch bankers expressed cautious optimism about Indonesia's debt-restructuring plans Friday after attending the Frankfurt leg of a roadshow for the program.

Palm oil prices close the week higher

Palm oil prices close the week higher LONDON (Reuters): Palm oil prices ended the week higher on the European vegetable oil market on Friday.Trade talk that the Indonesian government has set a base price for the palm oil export tax has been rumored for a few days and had no impact.

Akbar not to resign cabinet post

Akbar not to resign cabinet post JAKARTA (JP): Rather than relinquish his post as minister/state secretary, Golkar's newly elected chairman Akbar Tandjung said he had asked for an assistant to ease his workload as a Cabinet minister.

Troubled Asia strives for more funding

Troubled Asia strives for more funding HONG KONG (Reuters): Asia's most crippled economies are widening budget deficits in a bid to stimulate domestic demand and head off social unrest -- but funding some of those deficits could require fresh international loans.

Golkar names new executive board

Golkar names new executive board JAKARTA (JP): New Golkar chairman Akbar Tanjung has expanded the group's central executive board to 138 members from 45 previously.The following is the line up as announced Saturday:Chairman: Akbar TanjungDeputies (13): Agung Laksono, Theo L.

Golkar's next steps

Golkar's next steps On Saturday the government party, Golkar, elected Akbar Tandjung, who is President B. J. Habibie's powerful minister/state secretary, as its new chairman. He replaces Harmoko, who led the party during the last five years when it served little purpose beyond being former...

Irian rights agent named

Irian rights agent named JAYAPURA, Irian Jaya: The National Commission on Human Rights has appointed MF Kareth as its local contact person to oversee and receive reports of human rights violations in Indonesia's easternmost province.

Golkar changes its vision, image under new chairman

Golkar changes its vision, image under new chairman JAKARTA (JP): Golkar has charted a new vision, changed its charter and severed links with its old powerful boss Soeharto, but it remains in the hands of familiar faces despite a breakthrough in the way it chose its leaders this weekend.

'Kowani' demands

'Kowani' demandsFrom MerdekaThe damnable, shameful and barbaric actions of a group of people on May 13 and 14 in Jakarta and other cities in Indonesia resulted not only in material losses due to looting and burning, but more seriously, they caused some unfortunate women terrible pain and trauma.

SCB helps orphanages

SCB helps orphanages JAKARTA (JP): Standard Chartered Bank and its employees recently donated Rp 130 million (about US$9,285) to help orphanages in the country as part of its "Peduli" social activity campaign.

Jewelry traders shine amid financial crisis

Jewelry traders shine amid financial crisis JAKARTA (JP): The monetary crisis caused by the fluctuating rupiah has brought nothing but disaster to people running property, automotive or electronic businesses.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Environment: Koridor Hijau Berkicau 3:30 TV Drama: Pesona Diri 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Tangkas Cermat 6:00 News: Lintasan Berita 6:05 My Country: Rona...

Tourist arrivals drop drastically

Tourist arrivals drop drastically KENDARI, Southeast Sulawesi: Over 33,000 local and foreign tourists visited the province in the first half of the year, a sharp drop from the same period last year.The head of the provincial Tourism, Art and Culture Office, Sukarna, said here yesterday that based...

Thailand says its Myanmar comments justified

Thailand says its Myanmar comments justified BANGKOK (Reuters): Thailand said yesterday that its expressions of concern over rising tensions between Myanmar's ruling military junta and the opposition did not contravene ASEAN's policy of non-interference in other member states.

Man falls to his death at hotel in Mangga Dua

Man falls to his death at hotel in Mangga Dua JAKARTA (JP): An unidentified man fell to his death Friday night from the 15th floor of the Ibis Mangga Dua hotel and apartment complex at Jl. Pangeran Jayakarta, Central Jakarta, police said Saturday.

Djadja becomes new city military chief

Djadja becomes new city military chief JAKARTA (JP): Maj. Gen. Djadja Suparman, a former Brawijaya Military Commander overseeing security in East Java, will be sworn in today as the capital's new military chief, replacing Maj. Gen. Sjafrie Sjamsoeddin.

Auto parts makers urge PLN to lower load expense tariff

Auto parts makers urge PLN to lower load expense tariff JAKARTA (JP): The country's automotive spareparts and components manufacturers have threatened to discontinue their electricity power supply from state-electricity company PLN unless the latter lowers its load expense tariff.

Four murdered at home

Four murdered at home SUKOHARJO, Central Java: A family of four were murdered in their bedrooms here early Saturday morning.Police as yet have not identified any suspects but believe that the perpetrators probably knew the family.

ASEAN agrees to introduce EHIA

ASEAN agrees to introduce EHIA KUALA LUMPUR (DPA): Five ASEAN member countries have agreed in principle to introduce the Environmental Health Impact Assessment (EHIA) to evaluate all approved development projects in view of development that can result in pollution.

Police perplexed over big robbery

Police perplexed over big robbery JAKARTA (JP): North Jakarta police were confused yesterday when a man, claiming to have been robbed of US$70,000 and Rp 125 million by two armed men, refused to reveal the complete story and gave conflicting statements."This is my own money.

Golkar is off the mark

Golkar is off the markFrom NeracaWith regards to the extraordinary congress of the Golkar functional group which is being held from July 9 - 11, 1998, the Indonesian Democratic Alliance Movement (PADI) would like to make the following statement.

Malaysia raps S'pore papers

Malaysia raps S'pore papers KUALA LUMPUR (Reuters): Malaysia's transport minister took a swipe at Singapore newspapers yesterday for playing up reports about the recent chaos at Kuala Lumpur's new airport, saying the remarks were made out of envy.

Smart, loving touch makes newborns healthy and happy

Smart, loving touch makes newborns healthy and happyBy Tri Hafiningsih JAKARTA (JP): Many of us are familiar with the soothing wonders of massage for our tired muscles. But few know the wonders of massage, or more accurately "touch", for newborn babies.

McDonald's closes 20 outlets

McDonald's closes 20 outlets JAKARTA (JP): McDonald's Indonesia has temporarily closed 20 of its 101 outlets nationwide due to the economic crisis and the recent widespread riots.Company president Bambang H.

Man killed, sign in blood found on floor

Man killed, sign in blood found on floor JAKARTA (JP): A 61-year-old man was found dead in his living room Saturday afternoon with a sign written in blood on the floor near his body reading: A from Nusakambangan.Zainuddin's body was found at his residence at Jl.

Govt plans to demote four school principals

Govt plans to demote four school principals JAKARTA (JP): The city administration is keeping its promise of taking punitive measures against school headmasters charging parents fees for various reasons without the city's consent.

Freeport copper smelter project still on track

Freeport copper smelter project still on track JAKARTA (JP): Copper and gold producer PT Freeport Indonesia has said development of a US$626 million copper smelter plant in Gresik, East Java, which it partly owns, is running on schedule despite political and economic turmoil.

President reminds people of cooperatives mission

President reminds people of cooperatives mission JAKARTA (JP): Commemorating the 51st anniversary of the country's Cooperatives Day, President B.J. Habibie reiterated once again the theme that cooperatives are the country's economic backbone.

Magic massages for healthier babies

Magic massages for healthier babies JAKARTA (JP): Here are some tips from a seminar on massaging babies:1. Start with soft, gentle touches and slowly increase the pressure of your strokes.2. Pay attention to the baby's reactions. A baby has his or her own favorite strokes.3. Maintain eye contact.

Empower village economy: Minister

Empower village economy: Minister SUKOHARJO, Central Java (JP): "Empower the village economy."That has been the calling cry of officials and experts as a possible answer to the economic crisis.In Karanganyar village, Weru subdistrict, State Minister of National Development Planning/chairman of the...

Police expel German TV team from Irian

Police expel German TV team from Irian JAKARTA (DPA): Irian Jaya Police have ordered a German public- television team out of the country, the head of the three-man group said Saturday by telephone from Jayapura.

Mt Merapi quieter but danger remains

Mt Merapi quieter but danger remains YOGYAKARTA (JP): Aside from a few minor tremors and rumblings, Mount Merapi was generally quieter yesterday compared to several powerful eruptions occurring Saturday.

ERP can help boost business efficiency

ERP can help boost business efficiencyBy Zatni Arbi JAKARTA (JP): You are the CEO of a very large company. Your annual sales topped US$2 billion last year. You have invested millions of dollars in computers and network infrastructure. You have trained all your employees to use the latest software.