Indonesian Political, Business & Finance News

Archive: 16 July 1998

57 articles found

Activists claim intimidation

Activists claim intimidation JAKARTA (JP): Activists of Urban Poor Consortium, a non- governmental organization, yesterday claimed they had been intimidated by a police officer and unidentified men for helping pedicab drivers organize demonstrations to protest Sutiyoso's ban.

Habibie condemns May rapes, conveys regret

Habibie condemns May rapes, conveys regret JAKARTA (JP): President B.J. Habibie condemned yesterday the rape of dozens of women during and after the May riots in Jakarta and other cities, and promised greater protection for women.

'Ojek' driver tried for rapes

'Ojek' driver tried for rapes JAKARTA (JP): An ojek (motorcycle taxi) driver was indicted at the Central Jakarta District Court yesterday for raping four minor girls.Prosecutor Rosmanida said the 23-year-old defendant, Saptanius, sexually abused the girls aged between five and eight in his house on...

Anton denies police accusations on riots

Anton denies police accusations on riots JAKARTA (JP): Dressed in black suit, scarf and Moslem cap, ex- convict-turned-Moslem preacher Anton Medan responded to a second police summons yesterday afternoon.

Petronas to make car engine

Petronas to make car engine KUALA LUMPUR (DPA): Malaysia's state oil firm Petronas and national carmaker Proton have agreed to form a joint venture company to develop car engines and transmissions and conduct research, company officials confirmed yesterday.

Kopassus chiefs might be probed

Kopassus chiefs might be probed JAKARTA (JP): The ongoing investigation into the abductions of political activists will not stop at the current seven Army special force (Kopassus) suspects as the unit's former commanders might also be questioned.Maj. Gen.

Editor's resignation sparks fear in KL press

Editor's resignation sparks fear in KL press KUALA LUMPUR (Agencies): The resignation of the editor of a top Malaysian newspaper group has sent a chill through the local media with speculation that more heads will roll as Prime Minister Mahathir Mohamad shores up his power base.

W. Cup hosts go ahead with stadium plans

W. Cup hosts go ahead with stadium plans TOKYO (Reuters): Japan and South Korea, co-hosts of the 2002 World Cup, are pushing ahead with their plans to build new stadiums despite the economic crisis in Asia.

Merapi ash hits town 150 km away

Merapi ash hits town 150 km awayAntara MAGELANG, Central Java (JP): The volcanic ash spewed by Mount Merapi in the past few days has fallen about 150 kilometers west of the volcano on parts of Gombong town, Kebumen regency.

Asian stocks close higher after Japan fears quelled

Asian stocks close higher after Japan fears quelled HONG KONG (AP): Overcoming their initial uncertainty, most Asian stocks closed higher yesterday buoyed by optimism that the next government will get the ailing Japanese economy back on track.

Officer's wife found dead in vehicle trunk

Officer's wife found dead in vehicle trunk TANGERANG (JP): The wife of a city traffic police officer was found dead yesterday afternoon in the trunk of her husband's car at the Traffic Police Education Center in Serpong, Tangerang.Her husband, Lt. Col.

City Council set to endorse new by-law on fuel tax

City Council set to endorse new by-law on fuel tax JAKARTA (JP): City Council is preparing to sign a new by-law ratifying the city administration's plan to collect a 5 percent tax from state oil and gas firm Pertamina on sales of automotive diesel and fuel in the capital.

Southeast Asian currencies rally after yen gains ground

Southeast Asian currencies rally after yen gains ground SINGAPORE (Dow Jones): Southeast Asian currencies rallied across the board yesterday, tracking the Japanese yen's overnight move higher against the U.S. dollar.Regional currencies are likely to remain in relatively tight ranges against the U.S.

Asian corn stock falling

Asian corn stock falling SINGAPORE (Reuters): Argentine corn may have a chance to head for Southeast Asia, where corn stocks seem to be falling, traders said yesterday."We heard the current corn harvest in Indonesia is not very good.

95 banks book windfall profit from forex trade

95 banks book windfall profit from forex trade JAKARTA (JP): The drastic fall of the rupiah against the U.S. dollar has brought a windfall profit to 95 foreign exchange banks, the Indonesian Business Data Center (PDBI) said yesterday.They recorded a combined foreign exchange income of Rp 25.

Tondo residents demand amends

Tondo residents demand amends PALU, Southeast Sulawesi: Tondo subdistrict residents are threatening to block the main road leading to Tadulako University unless they receive adequate compensation for land appropriated from them 16 years ago.

Where to go in Bali:

Where to go in Bali:Exhibition * Painting Exhibition: Images of Meditating Figures, by Jerry T, in Ganesha Gallery, Four Seasons Resort, Jimbaran, Bali (Phone: 0361 701010), Aug. 17 to Sept. 17.Music and entertainment * Grand Hyatt Bali, Nusa Dua (Phone: 0361 771234): - Pasar Senggol at 8 p.m.

Seasonal demand boosts Asian crude oil prices

Seasonal demand boosts Asian crude oil prices SINGAPORE (Reuters): Spot premiums of heavy Asian crudes continued to climb, boosted by seasonal demand coupled with expectations of lower export volumes from Indonesia, traders said yesterday.

Spy furor clouds South Korea Kim's sunshine policy

Spy furor clouds South Korea Kim's sunshine policyBy Bill Tarrant SEOUL (Reuters): North Korea almost certainly did not want to see one of its agents washed up on a South Korean beach in a frogman's outfit, with an automatic weapon, underwater camera, radio and maps scattered nearby.

Not all new political parties will be allowed: Syarwan

Not all new political parties will be allowed: Syarwan JAKARTA (JP): The first indication of possible limitations on political parties began to emerge yesterday when Minister of Home Affairs Syarwan Hamid said that not all recently established or registered political parties would be allowed to...

Phone banking

Phone banking Phone banking is being offered by foreign banks in Jakarta. I can mention Citibank, Hong Kong Bank and Standard Chartered Bank which have used phone banking for their customers' satisfaction.

Town braces for influx of refugees from Timor

Town braces for influx of refugees from Timor JAKARTA (JP): The border town of Atambua in Belu regency, East Nusa Tenggara, has prepared a temporary refugee camp with capacity to shelter 10,000 in anticipation of a larger exodus of migrants from East Timor's provincial capital of Dili.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thundercats 3:05 Orchestra Film 3:30 Science Film 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Arabic Lessons 5:30 TV Series: Man From Uncle 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports...

A laudable step forward

A laudable step forward News that five officers of the Army's special force (Kopassus) have been detained and that two other Kopassus members are under intensive investigation in connection with the abduction of political activists brings fresh hope to Indonesia's crisis- stricken community that...

RI sends 2 athletes to Asia c'ships

RI sends 2 athletes to Asia c'ships JAKARTA (JP): The Indonesian Amateur Athletics Association is to send Supriyati Sutono and Tersiana to the Asia Athletics Championships in Fukuoka, Japan, from July 19 to July 21.The association's secretary-general, B.

Kuntoro wants provinces to get mining royalties

Kuntoro wants provinces to get mining royalties JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday that the government should in future split royalties from mining, oil and gas operations with the producing provinces.

Women in Indonesia

Women in Indonesia We all know what happened during the May riots: wild attacks on banks, supermarkets and shops, followed by a brutal assault on women. It is not important whether these victims were Chinese- Indonesians, Arab-Indonesians or foreign women.

More coffee deals may be on brewing

More coffee deals may be on brewing SINGAPORE (Reuters): Indonesian farmers have started to offer more coffee beans as their harvest begins to peak and more deals could be struck in coming weeks, traders said yesterday.

RP extends commitment to ASEAN liquidity facility

RP extends commitment to ASEAN liquidity facility MANILA (Reuters): Philippine central bank governor Gabriel Singson has agreed to a seventh extension of the ASEAN swap arrangement in Tokyo, a statement from the central bank said yesterday.The extension is for one year from Aug. 5, 1998.

Financial markets extend their gains on IMF loan news

Financial markets extend their gains on IMF loan news JAKARTA (JP): The Indonesian financial markets extended their gains yesterday, with the rupiah improving to 14,350 against the dollar and stock prices rising 0.

Fishermen protest use of trawls

Fishermen protest use of trawls MEDAN, North Sumatra: Hundreds of traditional fishermen gathered to meet governor Rizal Nurdin yesterday to protest the use of trawls by large fleets.The fishermen demanded the governor revoke licenses of large fishing trawls in the province's waters.

Two live bullets found at Cenderawasih Univeristy

Two live bullets found at Cenderawasih Univeristy JAKARTA (JP): A fact-finding team led by Irian Jaya Military Police Commander Lt. Col. Armen B. found two live bullets yesterday at the Cenderawasih University campus.

School principal 'raped' pupil

School principal 'raped' pupil CIREBON, West Java: The 50-year-old principal of Jatianom elementary school in Cirebon will go on trial this month for allegedly raping a 13-year-old student in May after telling her it was a prerequisite for her to pass her final examination.

Dramatic rise in post office rate

Dramatic rise in post office rate Through this letter, I would like to tell the Indonesian postal service that in this era of reform, it is not considering the people's interest.A friend of mine told me that it cost her Rp 12,800 to send a letter to Italy.

Help starving inmates!

Help starving inmates! Panti Sosial Bina Laras 3 is an institution for mentally ill people scooped up from the streets of Jakarta. The government funding it receives amounts to Rp 1,400 (10 cents U.S.) per day per inmate. It was previously supported mostly by ethnic Chinese people.

Reforestation fund reaches Rp 1.14t

Reforestation fund reaches Rp 1.14t JAKARTA (JP): The Ministry of Forestry and Plantations announced yesterday that the reforestation fund reached a total of Rp 1.14 trillion (US$100 million) at the end of March this year.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 15, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 325 -50 33,500 AHAP Insurance 575 0 0 Alter Abadi 525 0 1,518,500 Alumindo Light Metal 350 0 0 Alumindo...

Indonesia signs Kyoto treaty on greenhouse gas emissions

Indonesia signs Kyoto treaty on greenhouse gas emissions JAKARTA (JP): Indonesia's permanent representative to the United Nations, Ambassador Makarim Wibisono, signed in New York on Monday the United Nations Framework on Climate Change Convention, better known as the Kyoto Protocol, making...

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 15, 1998: Buying Selling Rp Rp U.S. dollar 1 14,000.00 14,900.00Austrian shilling 1 1,059.90 1,213.00Australian dollar 1 8,613.70 9,226.00Belgian franc 1 374.70 398.90Canadian dollar 1 9,379.

IDB guarantees RI's LCs

IDB guarantees RI's LCs JAKARTA (JP): The Islamic Development Bank (IDB) has agreed to extend a US$240 million guarantee on letters of credit to the Indonesian Exporters Association.The bank was quoted by Antara as saying yesterday that the facility would allow association members to export...

High export tax on CPO encourages smuggling: Experts

High export tax on CPO encourages smuggling: Experts JAKARTA (JP): The government must ease the restrictions on exports of crude palm oil (CPO) products to prevent the country's oil palm plantation companies from collapsing and to help stabilize the country's deteriorating macroeconomic condition,...

Government plans to limit ownership of forest assets

Government plans to limit ownership of forest assets JAKARTA (JP): The government is considering limiting corporate and personal ownership of the country's forest concessions to prevent a concentration of forest assets in the hands of a small number of companies.

Betawi arts body holds cultural event at Taman Ria Senayan

Betawi arts body holds cultural event at Taman Ria Senayan JAKARTA (JP): The Betawi Arts Foundation (LKB) is holding a five-day Betawi cultural event called Gelar Budaya Betawi to celebrate Jakarta's 471st anniversary at Taman Ria Senayan amusement park in Central Jakarta.

Cinemas on the brink of bankcruptcy

Cinemas on the brink of bankcruptcy JAKARTA (JP): At least 800 cinemas are on the verge of bankruptcy and may soon follow the 3,000 that have already closed down.The Ministry of Information's director general of radio, television and film, Ishadi SK, said yesterday that most of the 800 cinemas...

Police release activist Andi Arief

Police release activist Andi Arief JAKARTA (JP): Student activist Andi Arief, who was abducted in southern Sumatra in March but found one month later in a Jakarta police cell, was released by police Tuesday night.

Reform movement is at a standstill

Reform movement is at a standstill Recent events have threatened to bring the reform movement to a halt. Mochtar Mas'oed, lecturer in political science at Gadjah Mada University in Yogyakarta, proposes a way out to put its progression back on track.

Nod likely for RI bank debt plan

Nod likely for RI bank debt plan SINGAPORE (Dow Jones): At the end of a six-city roadshow to sell the Frankfurt debt agreement to creditors, Indonesian officials said yesterday the presentations received a "good response" and an agreement on US$7 billion in bank debt should be in place within a...

Official says RI needs people-oriented economy

Official says RI needs people-oriented economy JAKARTA (JP): Indonesia must shift to a more people-oriented economy from the current strictly capitalistic system to ensure fair distribution of wealth for its people, a government staff expert has advised.

Media closed to foreign investors

Media closed to foreign investors JAKARTA (JP): The government has issued a list of sectors closed to foreign investment, including the mass media, film and cinema, land transportation, forest concessions and freshwater fish breeding.

OPEC's basket price rises

OPEC's basket price rises LONDON (Reuters): The price of OPEC's basket of seven crudes rose to US$12.09 a barrel on Tuesday, from $11.59 a barrel on Monday, the OPEC news agency said quoting the OPEC Secretariat.

Junus quits Batam authority

Junus quits Batam authority JAKARTA (JP): President B.J. Habibie's brother Junus Effendi Habibie resigned yesterday as head of the Batam Island Industrial Development Authority.Junus, more popularly called Fanny, had first said he would quit following the appointment of his elder brother as the...

Sumitomo's cargo to Jakarta

Sumitomo's cargo to Jakarta TOKYO (Nikkei): A Sumitomo Corp. subsidiary has begun arranging air cargo service to an Indonesian industrial center housing numerous Japanese manufacturers, the Nihon Keizai Shimbun today's morning edition reported.

The future of ABRI's dual function

The future of ABRI's dual functionBy Sayidiman Suryohadiprojo JAKARTA (JP): For people who do not know enough about the history of Indonesia and its Armed Forces, it seems rather strange that the Indonesian Armed Forces (ABRI) has a sociopolitical function.

Laid-off workers to get some financial relief

Laid-off workers to get some financial relief JAKARTA (JP): Workers who have been laid-off due to the economic crisis may get some reprieve as the state-owned insurance company, PT Jamsostek, has promised to provide each of them between Rp 100,000 (US$7.15) and Rp 250,000.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Dewata Band, Monday to Saturday, 9 p.m. to 1:30 a.m., X-Men Band, Sunday 9 p.m. to 1:30 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m.

Police still fishing for suspects in shrimp theft

Police still fishing for suspects in shrimp theft TANGERANG (JP): The police have caught none of an estimated 2,000 people who stole about 1.5 tons of shrimps in Teluknaga coast on Monday night.Chief of the investigation unit of Tangerang Police precinct Capt.

RI will need int'l help beyond 1999: Downer

RI will need int'l help beyond 1999: Downer CANBERRA (AP): Indonesia will continue to need international financial aid "over the coming year and beyond," Australian Foreign Minister Alexander Downer said yesterday.Downer, who visited Indonesia last week, said in a speech that President B.J.