Indonesian Political, Business & Finance News

Archive: 21 July 1998

61 articles found

Ananda eyes coveted Formula One license

Ananda eyes coveted Formula One license JAKARTA (JP): Indonesian auto racing talent Ananda Mikola is gunning to obtain the license to drive in Formula One races, his father has said. Although Tinton Suprapto did not elaborate on the requirements, he said Sunday his 18-year-old son would qualify for the world's most prestigious races if he finished among the top five in the Italian Formula Three circuit. If Ananda succeeds, he will be the first Indonesian Formula One driver ever.

Four suspects identified

Four suspects identified TANGERANG (JP): Police say they have identified four men who they believe masterminded the shrimp-pond looting by thousands of people in Teluk Naga district on July 13. Despite the identification, no one has been arrested, Tangerang Police chief Aryanto Boedihardjo said Sunday. The four suspects, who include shrimp brokers who used to operate during the shrimp harvest, are believed to have provoked people to do the looting, he said.

The people's hope

The people's hope From Merdeka I put my hopes on President Habibie to enter history as "a figure who enforced democracy and sovereignty for the people" by revoking the legitimation of the Soerjadi-led Indonesian Democratic Party (PDI), which was only a protective agent and a puppet of the New Order regime to maintain the status quo.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Album Kenangan 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary: Tradisi Pesantren 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports: Monitor Olah Raga 6:30 TVRI News (in English) 7:00 Evening News 7:35 Music: Profil dan Lagu 8:00 News: Lintasan Berita 8:05 Music: Profil dan Lagu (contd.) 8:30 Talk Show: Dialog 9:00...

Long term commitment: Australia and E. Asia (2)

Long term commitment: Australia and E. Asia (2) This is the second of two articles based on a speech delivered by Australian Minister of Foreign Affairs Alexander Downer at a meeting of the Indonesian Council on World Affairs and the Indonesia-Australia Business Council in Jakarta on July 9. JAKARTA: Australian involvement in the Asian region has been challenged most recently by the One Nation Party.

RI medal for WHO chief Nakajima

RI medal for WHO chief Nakajima JAKARTA (JP): The Indonesian government has presented the Jasa Utama medal to World Health Organization (WHO) Director General Hiroshi Nakajima for his efforts to develop stronger cooperation with Indonesia. The medal was presented to Nakajima by the charge d'affaires of the Indonesian representative to the United Nations headquarters in Geneva, Saodah B.A. Syahrudin, on Friday, a statement issued by the foreign ministry here said yesterday.

1,300 Mayora workers continue strike

1,300 Mayora workers continue strike JAKARTA (JP): More than 1,300 workers of an export-oriented candy and cookie producer in Tangerang continued their strike for a fifth day yesterday, demanding an increase in wages and other allowances. A number of military personnel were deployed at the plant at Jl. Daan Mogot Km. 19 in Batu Ceper to help the company -- PT Mayora Indah -- force the workers to go back to work, the workers' lawyer Yuwana Berlianti of the Jakarta Legal Aid Institute said.

Unbelievable postage increase

Unbelievable postage increase For the past four years, I have been corresponding with a couple of friends who live in the United States. The postage was always Rp 1,500 (the exchange rate Rp 2,800 to US$1), which means more or less 54 U.S. cents. On July 13, I wanted to mail a letter to America at a small post office in Puri Indah, West Jakarta. I was in great shock. The clerk told me that the postal rates had increased since early July. Could you guess how much? Rp 16,000 at least.

Women can help beat the crisis: Habibie

Women can help beat the crisis: Habibie JAKARTA (JP): President B.J. Habibie said yesterday that Indonesian women could play a pivotal role in restoring the country's economy if they were given adequate opportunity, especially in developing cooperatives and in distributing essential commodities throughout the country.

RI crudes benefit from high utility demand

RI crudes benefit from high utility demand SINGAPORE (Reuters): Spot premiums for Indonesian crudes touched their highest level in July pushing up much needed oil revenues even as international prices sink amid cuts to Asian refinery runs, traders said yesterday. Traders said the heavier Indonesian crude were propped up by strong demand from utility companies as power demand rises in north Asia as air-conditioners use are ramped up in summer.

ICMI jump onto anti-Soeharto bandwagon

ICMI jump onto anti-Soeharto bandwagon JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) jumped on the bandwagon of criticism yesterday as it denounced its own patron, former president Soeharto, for establishing a brittle state system which shunned public participation.

DBS boosts RI investment

DBS boosts RI investment SINGAPORE (Dow Jones): Singapore-listed DBS Land Ltd said yesterday a wholly owned unit has increased its investment in an Indonesian unit by S$2.6 million (US$1.5 million). Amethyst Holdings Pte Ltd has taken up an additional 25,500 ordinary shares in the paid-up capital of PT Pakuwon Subentra Amethyst, which is incorporated in Indonesia. Amethyst's stake in the Indonesian unit remains at 51 percent after the additional investment.

Habibie's comments under fire

Habibie's comments under fire JAKARTA (JP): Observers criticized President B.J. Habibie yesterday for recent remarks on Chinese-Indonesians who fled the country in the wake of last May's riots. Political expert Harry Tjan Silalahi of the Centre for the Strategic and International Studies (CSIS) and chairman of the Chinese-Indonesians Reform Party (PARTI) Lieus Sungkharisma termed as "deplorable" Habibie's statements in an interview with the Washington Post on Saturday.

Car sales fell 82.4% in first semester of this year

Car sales fell 82.4% in first semester of this year JAKARTA (JP): Car sales plunged 82.4 percent to 35,789 units in the first half of this year, industry statistics published yesterday revealed. The data, provided by the country's largest carmaker PT Astra International, showed that car sales for the first half of the year were sharply lower than the 203,212 units sold during the same period last year. Astra sold 21,236 cars in the first half of the year, or 59.3 percent of the total.

Shooting victim leaves hospital after 69 days

Shooting victim leaves hospital after 69 days JAKARTA (JP): The last injured victim of the May 12 shooting incident at Trisakti University left Sumber Waras Hospital yesterday after undergoing 69 days of treatment for complications from a bullet wound. Sofyan Rahman, a student of the School of Mineral Technology at the university, looked pale and weak while attending a small ceremony organized by the hospital to mark his recovery.

Utut shines in rapid chess

Utut shines in rapid chess JAKARTA (JP): Indonesia's noted chess player Grand Master Utut Adianto fulfilled his promise to defend his title at the rapid chess tournament in Biel, Switzerland on Sunday. Utut collected 8.5 points after winning six games and drawing five in the competition that boasted 76 players from 22 countries. The Indonesian shared the top place with GM Lajos Portisch of Hungary, GM Vladimir Tukmakov of Ukraine and International Master Alexander Cherniaev of Russia.

Producers may cut newsprint prices

Producers may cut newsprint prices JAKARTA (JP): Newsprint producers agreed yesterday to sell their products to newspaper publishers at average rates of their export prices, possibly reducing newsprint prices by almost 20 percent. The Association of Indonesian Pulp and Paper (APKI) and the Association of Indonesian Newspaper Publishers (SPS) signed the agreement yesterday which set the price of newsprint, which is sold in U.S. dollars, at the average free-on-board (FOB) export prices.

Palm oil market awaits RI news

Palm oil market awaits RI news KUALA LUMPUR (Reuters): Asian palm oil traders are largely unsure about this week's trend with markets still clouded by uncertainty over Indonesia's supply situation and prospects of slower export business. They said the markets were likely to focus on currency movements. "We feel that the trend is directionless in the immediate term. The Indonesian issue is still not resolved," said a trader in Malaysia.

State companies not for public offering: Tanri

State companies not for public offering: Tanri JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng said yesterday that none of the 12 state firms to be privatized this fiscal year would be sold directly to the public. Speaking at a discussion with the staff of the Attorney General's Office, the minister said the government would instead invite strategic partners to buy the companies' shares through direct placement.

OPEC's basket price falls

OPEC's basket price falls LONDON (Reuters): The price of OPEC's basket of seven crudes fell to US$12.11 a barrel on Friday from $12.30 a barrel on Thursday, the OPEC news agency said quoting the OPEC Secretariat. The basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabia's Arabian Light, Dubai of the UAE, Venezuela's Tia Juana and Mexico's Isthmus.

Paul unchallenged in drag race

Paul unchallenged in drag race JAKARTA (JP): Defending champion Robert Paul of Canada confirmed his supremacy in the national drag race series when he won the third leg at the Sentul circuit, near Bogor, Sunday. Paul, a consultant with a petroleum company here, drove his Holden Torana to the fastest time of 11.452 seconds over a 402- meter track. The time bettered his own mark of 11.502secs he clocked in the second leg in May.

Ten students rounded up

Ten students rounded up JAKARTA (JP): Police rounded up 10 senior high school students who were involved in a brawl at the Hotel Indonesia roundabout in Central Jakarta yesterday, an official said. "They were some of some 200 high school students from STM PGRI XII in West Jakarta and SMA Nusantara in Central Jakarta who clashed near the roundabout at about 1 p.m.," city police spokesman Lt. Col. E. Aritonang told reporters.

Pedicabs in Jakarta

Pedicabs in Jakarta From Neraca There is a need for becak (pedicabs) in Jakarta's residential areas. It is practical and economical for the majority of inhabitants in their daily activities. Housewives going to and coming from the market, taking and collecting their small children to and from school. Besides, the pedicab provides a feeder service to transportation on the main roads.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 20, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 350 25 12,500 AHAP Insurance 575 0 0 Alter Abadi 525 -25 78,000 Alumindo Light Metal 350 -25 20,000 Alumindo Perkasa 200 0 0 Aneka Kimia Raya 200 -25 35,000 Aneka Tambang 2,725 250 32,672,000 Anwar Sierad 125 0 83,000 Apac Centertex Corp.

Eight people killed in train-minivan collision

Eight people killed in train-minivan collision JAKARTA (JP): At least eight people were killed yesterday evening when a speeding train hit a public minivan in the Bintaro Permai area in South Jakarta after the minivan's driver reportedly refused to obey a warning from the railway crossing attendant. All of the fatalities were minivan passengers. Three other passengers, including driver Sulaiman, were badly injured in the accident which took place at JAM BERAPA?.

Local airlines seek up to 47 percent rise in airfares

Local airlines seek up to 47 percent rise in airfares JAKARTA (JP): The Association of Indonesian Airlines (INACA) plans to raise domestic airfares between 35 percent and 47 percent beginning next week to compensate for the continued fall of the rupiah against the dollar. INACA secretary-general Benny Rungkat said yesterday Minister of Communications Giri Suseno and Director General of Air Transportation Zainuddin Sikado had in principle approved the planned fare rises.

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 July 20 to July 26: U.S.

Thai sugar exports sour

Thai sugar exports sour BANGKOK (AP): Thailand's sugar exports to most of its Asian customers dropped off sharply in this year's first five months because of the region's economic crisis, the government's Office of Cane and Sugar Board said yesterday. Thailand is one of the top sugar exporters in the world. Sugar exports to Indonesia, Thailand's largest customer, totaled 708,750 metric tons from January to May, compared to 915,900 tons for the same period last year, a decline of 22.6 percent.

King's 'Dream' fits for Chinese-Indonesians

King's 'Dream' fits for Chinese-Indonesians JAKARTA (JP): Today, the issue of racial discrimination anywhere in the world seems to be inseparable from Martin Luther King's speech delivered on the steps of the Lincoln Memorial in Washington D.C. on Aug. 28, 1963. Although there is a marked difference in terms of economic status and political history between the Chinese in Indonesia and the African-Americans in the United States, it is still relevant to refer to King's I have a Dream speech.

LG to sell rice to RI

LG to sell rice to RI SEOUL (Reuters): South Korea's LG International Corp plans to sell 100,000 tons of Vietnamese rice to Indonesia for shipment between August and October this year, trade sources said yesterday. They said LG International, a unit of the LG Group, had offered long grain rice at around US$270 a ton, but the Indonesian government was asking $20 a ton lower than that price. The company was seen offering lower grade rice of 25 percent broken, the trade sources said.

Reform coalition

Reform coalition Recently, three leaders, Megawati Soekarnoputri, Abdurrahman Wahid and Bishop Belo, met to initiate the idea of a government- backed reform coalition. Reportedly these leaders stated that a consensus among reform leaders was needed, to improve people confidence in the nation. Yet one very strong reform leader who seems to have the confidence of a great many of Indonesia's people, Amien Rais, was conspicuous by his absence from this meeting.

Court, NGOs to oversee election

Court, NGOs to oversee election JAKARTA (JP): The government has promised to include the Supreme Court and non-governmental organizations (NGOs) in supervising the general elections, scheduled for next year, to ensure the polls proceed fairly and honestly.

50 political prisoners to go free later this week

50 political prisoners to go free later this week JAKARTA (JP): The government is to release 50 political prisoners this week, Minister of Justice Muladi said here yesterday. "Fifty political prisoners will be released across Indonesia in one or two days," Muladi said before meeting the United Nations Special Envoy for East Timor Jamsheed Marker at his office in Kuningan, South Jakarta.

Cheap market to continue despite looting: Sutiyoso

Cheap market to continue despite looting: Sutiyoso JAKARTA (JP): Governor Sutiyoso said yesterday that the government-sponsored cheap market program at the National Monument (Monas) park, Central Jakarta, would continue despite an act of looting by hundreds of people on Saturday. "The decision to continue the program was taken as it is badly needed by people to get staple food at reasonable prices," Sutiyoso said, adding that the market would be held every Saturday and Sunday.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 20, 1998: Buying Selling Rp Rp U.S.

Merapi refugees begin to trek home

Merapi refugees begin to trek home YOGYAKARTA (JP): Around 7,000 refugees have returned to their villages on the slopes of Mount Merapi following a decrease in volcanic activity in the area. Despite the decrease, the mountain, which erupted early on Sunday, was still spewing out a thick cloud of hot ash yesterday. Sudjarwo, an official in Dukun subdistrict, Magelang regency, said that as many as 5,000 people who fled the subdistrict on Sunday night had returned home early yesterday.

Irian Jaya, E. Timor issues are over: Govt

Irian Jaya, E. Timor issues are over: Govt JAKARTA (JP): The government snubbed heightened calls for independence in the provinces of East Timor and Irian Jaya yesterday, saying that their inclusion in Indonesia was an historical fact and unworthy of further discussion. Their status as an integral part of Indonesia was reasserted during a limited cabinet meeting on political and security affairs.

Foreign investors express interest in troubled banks

Foreign investors express interest in troubled banks JAKARTA (JP): Several foreign investors have shown a keen interest in buying stakes in the six financially troubled banks under the control of the Indonesian Bank Restructuring Agency (IBRA), Minister of Finance Bambang Subianto said yesterday.

ABRI urged to act against lawlessness

ABRI urged to act against lawlessness JAKARTA (JP): The military has been urged to take immediate action to curb looting, robbery and other forms of lawlessness which have increased fears of a further decrease in investors' interest in the country. The monthly ministerial meeting on political affairs and security, led by Coordinating Minister for Political Affairs and Security Gen.

Treating ethnic Chinese equally (2)

Treating ethnic Chinese equally (2) By Amir Sidharta This is the second of two articles on the ethnic Chinese minority. JAKARTA (JP): President B.J. Habibie and prominent leaders Amien Rais, Megawati Soekarnoputri and Abdurrachman Wahid are trying to restore the confidence of the Chinese-Indonesians. Amien, chairman of the Muhammadiyah organization, asked Indonesian Moslems to accommodate the Chinese so that they could continue coexisting peacefully in the country.

Debt rescheduling and aid management

Debt rescheduling and aid management Following the pledge by international financial institutions and donor countries to provide more assistance outside the bounds of the IMF bailout package, the Indonesian government has formally asked for a rescheduling of its overseas debts. In principle, this should be a technical banking problem. However, aside from technical banking factors, the request to reschedule debt also raises a moral dilemma for the authorities in this country.

WTA cites security concerns in canceling RI events

WTA cites security concerns in canceling RI events JAKARTA (JP): The WTA Tour has dropped the Wismilak Open tournaments in Surabaya and Jakarta from its calendar this year due to security concerns. Operations manager of the women's professional tennis circuit governing body, Linda Christensen, said in a July 17 faxed letter to the Indonesian Tennis Association that the decision was made after an inspection of the cities.

Police apologize to ex-con Anton Medan

Police apologize to ex-con Anton Medan JAKARTA (JP): A police investigator handling the inquiry into Anton Medan's involvement in the May riots apologized for the misconduct of several policemen who tried to escort Anton, an ex- convict turned Moslem preacher, to city police headquarters for interrogation on Wednesday. Head of the investigation team Capt.

Students sit on floors

Students sit on floors MATARAM, West Nusa Tenggara: Lack of financial resources to equip elementary schools with even the most basic furnishings has forced children in several schools in the province to sit and study on the floor. Head of the provincial education and culture office, M. Soelkan, said he was concerned by the sorry state of many schools.

Indonesia-Australia ties on a never-ending roller coaster

Indonesia-Australia ties on a never-ending roller coaster By Al Busyra Basnur JAKARTA (JP): The recent visit of Australian Foreign Minister Alexander Downer to Jakarta aimed at, among others, offering help to Indonesia to ease the current economic crisis being faced by Indonesians not only indicates the serious concern of a neighbor but also shows the depth of Australia's friendship with Indonesia, coming to Indonesia's aid every time it is in difficulty.

Rupiah plunge to 14,175, stocks continue gains

Rupiah plunge to 14,175, stocks continue gains JAKARTA (JP): The rupiah returned to its all-too-familiar bearish territory yesterday, plunging to 14,175 against the U.S. dollar. The stock market, meanwhile, maintained its bullish run. Currency dealers said the rupiah gave up some of last week's gains on regional weaknesses and concerns about sporadic looting as well as comments by President B.J. Habibie on the ethnic Chinese community.

Nation's assets not for lease

Nation's assets not for lease From Merdeka I was astounded to hear media reports that an academic from the Bandung Institute of Technology had proposed that Natuna and Biak islands be leased out for 50 years to the United States for their naval base and that the proposal would later be discussed by the Indonesian Association of Engineers (PII) and the Indonesian Association of Economists (ISEI).

Southeast Asian currencies down in thin trading

Southeast Asian currencies down in thin trading SINGAPORE (Dow Jones): Southeast Asian currencies fell in thin, range-bound trading yesterday, unable to take much direction from the Japanese yen with Tokyo out on holiday. Despite the release of an unexpectedly good June non-oil exports number, the Singapore dollar led regional currencies lower. "Most people were caught by surprise," said one trader at a Japanese bank in Singapore. "Traders were caught long U.S.

ABRI may set up honorary council over abductions

ABRI may set up honorary council over abductions JAKARTA (JP): Amid growing pressure for transparency in the investigation into the abductions of political activists, the Armed Forces (ABRI) confirmed yesterday it is considering establishing an honorary council to try all parties charged with the kidnappings. Also yesterday, the ABRI fact-finding team confirmed that at least 10 members of the Army's special force (Kopassus) were involved in the abductions.

Habibie's appeal to fast gives little food for thought

Habibie's appeal to fast gives little food for thought JAKARTA (JP): The recent appeal made by President B.J. Habibie requesting Indonesians to fast for two days each week has apparently received a frosty reception from the city's officials and councilors. "I have no special reason to do so," replied a private assistant to Jakarta Governor Sutiyoso. The officer also said that his boss, Sutiyoso, sometimes fasted on Mondays and Thursdays. "But not routinely.

Currency volatility casts gloom over Asian rubber market

Currency volatility casts gloom over Asian rubber market SINGAPORE (Reuters): Political upheaval in Japan and regional currency volatility would cast a gloomy cloud over Southeast Asia's lackluster rubber market this week, regional traders said yesterday. "Japan's political problems and falling regional currencies remain the focus of the market and will keep rubber prices under downward pressure," one Singapore-based trader said.

Unity in diversity

Unity in diversity To the superstitious, it may seem that recent events show the truth in the old saying that misfortune never occurs alone.

Rural poor turn to maize as rice becomes costly

Rural poor turn to maize as rice becomes costly By Agus Maryono and Ngudi Utomo PURWOKERTO, Central Java (JP): The economic crisis has relentlessly been pushing up staple food prices. Most inhabitants in underdeveloped villages in Central Java's Banyumas regency must struggle hard to fill their stomachs. They cannot think of nutritious food. As farm workers, their wages are not enough to buy rice for their families for one week, let alone one month.

Where to go in Bandung:

Where to go in Bandung: Exhibition * Painting Exhibition: Ragam Karya, by Roedyat Martadiradja, Tatang Ganar, Marilies Forster, Elly Roedyat, etc, in the Lobby, Jayakarta Hotel, Jl. Ir. H. Juanda 381 A (Phone: 022 2505888), until Aug. 5. Performances * Sundanese Dances: Pesta Panen, in Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 10 a.m. to 3 p.m., July 27.

Indictment in Trisakti shooting upheld

Indictment in Trisakti shooting upheld JAKARTA (JP): Prosecutors at the court martial of two police officers accused of committing an indisciplinary act during the Trisakti shooting incident upheld their indictment during yesterday's hearing. Col. Sadji Purnomo and Capt. Bambang Ari Wibowo, who read out the indictment in turn, said the two defendants had ordered their subordinates to open fire without proper authorization from their superior, West Jakarta Police chief Lt. Col. Timur Pradopo.

U.S. criticized over wheat donations to RI

U.S. criticized over wheat donations to RI BRUSSELS (Reuters): The European Union and Australian farm groups yesterday said a United States government plan to purchase hundreds of millions of dollars worth of surplus U.S. wheat and donate it to needy countries including Indonesia amounted to a disguised subsidy. Gerry Kiely, spokesman for EU Farm Commissioner Franz Fischler, said the provision of food aid should not be linked to the domestic market situation.

Laborers seek more benefits

Laborers seek more benefits PANGKEP, South Sulawesi: About 1,500 daily laborers of PT Semen Tonasa held a demonstration yesterday demanding benefits. Without specifying the increase, the workers said they wanted a better daily transport and meal allowance from the current Rp 1,000 per day. They also questioned cuts in their wages for matters such as the state-run social security program PT Jamsostek.

ASEAN countries meet to discuss tough issues

ASEAN countries meet to discuss tough issues MANILA (DPA): Top Southeast Asian officials and their major trading partners gathered in Manila yesterday in hopes of mitigating the region's economic crisis, averting further nuclear tests and promoting an honest election in Cambodia.

Marines compensate Surabaya locals

Marines compensate Surabaya locals JAKARTA (JP): About 100 marines, assisted by locals, repaired over the weekend nine houses in Tembok Lor III neighborhood in Surabaya, East Java, which they damaged in a brawl last week. "All public facilities damaged by the marines have been repaired, costing (the Navy) Rp 10 million (approximately US$714)," according to Maj. Ibrahim Sadong, the marine's spokesman, as quoted by Antara yesterday.

Mental patients face food crisis

Mental patients face food crisis By Ida Indawati Khouw JAKARTA (JP): The administration's limited budget, soaring prices of essential goods, an absence of donors and the rising number of patients have turned the city's three centers for mentally ill people into virtual concentration camps. Overstretched staff can do little beyond helping to keep the centers open and their patients, most of whom have become emaciated, pale and weak, alive.

Most creditors to reschedule sovereign debt: Bambang

Most creditors to reschedule sovereign debt: Bambang JAKARTA (JP): Most government creditors have agreed to reschedule the majority of the country's sovereign debt due this year, Minister of Finance Bambang Subianto said yesterday. "Most of the government's debt which has to be repaid this year will be rolled over.