Indonesian Political, Business & Finance News

Archive: 31 July 1998

59 articles found

'Napoleon's' hiding places found

'Napoleon's' hiding places found PALU, Central Sulawesi: The Palu Natural Conservation Agency has announced the discovery of various sites used in transit by traders in smuggling the Napoleon Wrasse fish, a popular delicacy among Chinese, to Hong Kong.

Hun Sen wins King Sihanouk's backing

Hun Sen wins King Sihanouk's backing SIEM REAP, Cambodia (Agencies): Strongman Hun Sen won the unofficial backing yesterday of King Norodom Sihanouk to quell Cambodia's political instability by trying to create a three- sided coalition government including opposition parties that accuse him of...

Cafes find spot along Kali Besar River

Cafes find spot along Kali Besar River JAKARTA (JP): The city plans to refurbish areas along the Kali Besar River in Roa Malaka, West Jakarta, in an effort to provide more appropriate spaces for sidewalk cafes and food stalls that have been established throughout the capital over the past few...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Magical Realism in Arts, by Prijono Maruto, Galeri Cipta II, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta (Phone: 3140554), until Aug. 3. * Arts Exhibition by Agung Kurniawan at Lontar Gallery, Jl.

Hidden benefit in fresh aid from CGI

Hidden benefit in fresh aid from CGI PARIS (Dow Jones): Indonesian Coordinating Minister of Economy, Finance and Industry Ginandjar Kartasasmita said Wednesday international aid for his country will result in continuous buying of Indonesian rupiah by the Indonesian central bank in the months ahead,...

The danger of stereotyping

The danger of stereotyping The article Ethnic Chinese at fault for riots by Masli Arman, which appeared in this newspaper yesterday, really shocked me. He hinted that he did not wish his article to be followed by a polemic, but I believe if one is not open to exchanges of views, one should not...

Analysts upbeat about rupiah recovery

Analysts upbeat about rupiah recovery SINGAPORE (Reuters): The accord Indonesia signed with the IMF in June assumed that the rupiah would recover to 10,000 to the dollar by the fourth quarter of this year, a target analysts labeled "optimistic" at the time.

Cheap fertilizer disappears

Cheap fertilizer disappears BALIKPAPAN, East Kalimantan (JP): Hundreds of tons of fertilizer distributed by state-owned PT Pupuk Sriwijaya (Pusri) to local village cooperatives at subsidized prices are believed to have been smuggled to Malaysia across the common border, Antara reported.

Quake rocks Irian Jaya

Quake rocks Irian Jaya WAMENA, Irian Jaya: An earthquake measuring 5.9 on the Richter scale rocked the town in the early hours yesterday, but most people said they were unaware of it or felt only light tremors.There were no reports of casualties or destruction, Antara reported.

Govt to get $287m from Gresik divestment

Govt to get $287m from Gresik divestment JAKARTA (JP): The government is likely to receive more than US$287 million in cash next month from the sale of 35 percent of state-owned PT Semen Gresik.The price bids from three new bidders, Germany's Heilderberger Zement AG, Switzerland's Holderbank and...

Drugs abuse victims share insight of causes of drug abuse

Drugs abuse victims share insight of causes of drug abuse WONOSOBO, Central Java (JP): Observers and experts have cited many causes for youngsters becoming drug addicts: busy parents, broken homes, the need to fit in and so on.

Seat belts a must in public vehicles

Seat belts a must in public vehicles JAKARTA (JP): All public transportation -- taxis, mikrolet (minivans), minibuses and buses -- must be equipped with seat belts in front seats by Sept. 1, an official said yesterday.Head of the City Land Transportation Agency J.P.

Donors pledge $7.9b in aid to Indonesia

Donors pledge $7.9b in aid to Indonesia PARIS (Agencies): International donors pledged yesterday US$7.9 billion in aid to Indonesia, to be disbursed during the 1998/99 fiscal year which ends in March 1999, the World Bank said.

Japanese consortium to remain in talks on Natuna Gas stake

Japanese consortium to remain in talks on Natuna Gas stake TOKYO (Dow Jones): A Japanese consortium of 11 companies will continue with talks aimed at acquiring a 13 percent stake in Indonesia's giant Natuna natural gas field, despite an announcement Wednesday that exploration on the field will be...

Mobil announces gas finding

Mobil announces gas finding SINGAPORE (Dow Jones): Mobil Makassar Inc., a unit of Mobil Corp, and Unocal Corp announced yesterday that additional oil and gas discovered in the deepwater Merah Besar area, offshore East Kalimantan, will be ready for production by 2001.

UOB's first-half profit falls

UOB's first-half profit falls SINGAPORE (AP): One of Singapore's big four banks is expected to announce a huge drop in profits for the first half of 1998 because of the regional economic crisis, analysts said yesterday.United Overseas Bank Ltd.

'Becak' drivers not involved in riot

'Becak' drivers not involved in riot JAKARTA (JP): An activist fighting for the right of becak (pedicab) drivers to operate again in parts of Jakarta denied yesterday that drivers had been involved in a massive attack last week on a district administration office in West Jakarta.

Mob vents wrath on Puncak discotheques

Mob vents wrath on Puncak discotheques BOGOR (JP): Mobs of hundreds of people stoned 12 discotheques in the mountainous Puncak resort area here yesterday in a long- running feud over alleged prostitution and illegal drug transactions at the establishments.

Steel workers balk at forced resignations

Steel workers balk at forced resignations JAKARTA (JP): About 500 Bekasi steel workers made their second trip to the National Commission on Human Rights to protest at their firm's attempts to force a large number of employees to resign following a bloody rally last month.

Soeharto gives up title to hospitals

Soeharto gives up title to hospitals JAKARTA (JP): Former president Soeharto handed over the ownership and management of Harapan Kita Child and Maternity Hospital, Harapan Kita Cardiac Hospital and Dharmais Cancer Hospital to the government yesterday.

Energy buys RI gas fields

Energy buys RI gas fields VANCOUVER (Dow Jones): Continental Energy Corp acquired two oil and natural gas exploration properties in Indonesia for about US$1.4 million cash and 1.9 million common shares.

Orphans' winding road to care

Orphans' winding road to careBy K. Basrie and Christiani SA Tumelap JAKARTA (JP): Children are perhaps the third most precious gift from God after our life and the earth on which we live.In spite of this many women still have the heart to dump their newborn babies.

Thousands of tourists make good use of free services

Thousands of tourists make good use of free services JAKARTA (JP): An estimated 15,000 foreign tourists who arrived in the country yesterday were entitled to free hotel rooms, free meals and free tours as part of the government's "Happy Day" promotion designed to lure foreign tourists back into the...

Indonesia buys wheat

Indonesia buys wheat JAKARTA (Reuters): Indonesia has bought 745,000 tons of wheat from the United States, Australia and Canada for between $129.24 and $171 per ton, trade sources said yesterday.They said the wheat, for which Indonesia tendered on Tuesday, was for August, September and October...

Confidence through tourism

Confidence through tourism Free transportation, free accommodation, free meals, complimentary return airline tickets to any domestic destination and free tickets to any tourist resort in the country: What more could a tourist want, or need?Even without all those lures, Indonesia -- whose national...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 30, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 575 0 0 Alter Abadi 525 0 25,000 Alumindo Light Metal 325 0 1,006,000 Alumindo...

SE Asian currencies lower in late trading

SE Asian currencies lower in late trading SINGAPORE (Dow Jones): Southeast Asian currencies are lower in late trading yesterday, although the U.S. dollar has steadily come off highs seen in early morning trading.

Govt accused of engineering PDI conflict

Govt accused of engineering PDI conflict JAKARTA (JP): Parties involved in the Indonesian Democratic Party's (PDI) leadership conflict continued to hurl accusations at each other yesterday.Loyalists of ousted PDI leader Megawati Soekarnoputri, responding to Coordinating Minister for Political...

Xanana meets his captor in Jakarta prison

Xanana meets his captor in Jakarta prison JAKARTA (JP): Jailed East Timor separatist leader Jose Alexandre "Xanana" Gusmao met yesterday with Maj. Gen. (ret.) Theo Syafei, the man who led the East Timor special military command when he was arrested in his Dili hideout in 1992.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 30, 1998: Buying Selling Rp Rp U.S. dollar 1 12,800.00 13,600.00Austrian shilling 1 978.80 1,114.50Australian dollar 1 7,775.00 8,265.80Belgian franc 1 347.20 367.40Canadian dollar 1 8,427.

Local artists settle for cuts and alternatives during crisis

Local artists settle for cuts and alternatives during crisisBy Yogita Tahil Ramani JAKARTA (JP): If you sit down and watch local TV for a few hours each evening, don't be surprised to see vocalist Yana Julio littering almost every channel.

State electricity firm may terminate IPP contracts

State electricity firm may terminate IPP contracts JAKARTA (JP): State electricity company PLN is likely to terminate contracts with independent power producers (IPPs) who cannot raise financing for their projects or complete them, an official said yesterday.

Rupiah strengthens on hopes of new CGI aid

Rupiah strengthens on hopes of new CGI aid JAKARTA (JP): The rupiah continued to gain ground yesterday, touching 12,800 against the U.S. dollar amid hopes of a favorable outcome to the Consultative Group on Indonesia (CGI) meeting in Paris, currency dealers said.

Demeaning article

Demeaning article I am writing in relation to the article which appeared on page 4 of The Jakarta Post on July 30, 1998, captioned Ethnic Chinese at fault for riots. This drivel demeans your newspaper.Please do not do the author the favor of publishing any further such articles. DEAN BOULDINGJakarta

Basofi told of rejection

Basofi told of rejection SURABAYA: Governor Basofi Soedirman was formally notified yesterday that he had been dropped from the nominations of the upcoming election for East Java governor by the central government in Jakarta.

Stop divisive political agenda

Stop divisive political agendaBy Frans H. Winarta This is the first of two articles on the New Order government's divisive agenda in the country. JAKARTA (JP): President B.J. Habibie and Minister of Cooperatives, Small and Medium Enterprises Adi Sasono recently threatened that if the 100,000...

Bali greets 3,000 foreign tourists on 'Happy Day'

Bali greets 3,000 foreign tourists on 'Happy Day'By Devi M. Asmarani DENPASAR (JP): The famous tourist destination of Bali greeted at least 3,000 international visitors who were entitled to free hotel rooms, free meals, free tours and, for some, free domestic flight tickets on the nation's tourist...

U.S. wheat aid to Indonesia hurts Australian farmers

U.S. wheat aid to Indonesia hurts Australian farmers CANBERRA (Dow Jones): Australia's Trade Minister Tim Fischer yesterday said Australia would be hurt by a U.S. plan that could give up to 500,000 metric tons of wheat to Indonesia as foreign aid.U.S.

TV cameraman accuses famed 'dangdut' singer of assault

TV cameraman accuses famed 'dangdut' singer of assault JAKARTA (JP): Police promised yesterday to summon witnesses to an alleged assault on an RCTI cameraman by noted dangdut singer Camelia Malik."We are studying the complaint.

Freed men want name cleared

Freed men want name cleared BANDUNG: Two former political prisoners released by the government this week say they hold grudges against the government and are demanding that their good name be restored, Antara said.Asep Ilyas and Abdul Muis said they also planned to write to President B.J.

Drug addicts pledge to reform themselves

Drug addicts pledge to reform themselvesBy Ati Nurbaiti WONOSOBO, Central Java (JP): The young man kept pacing, to and fro, asking what the time was. He also asked for flight, train and bus schedules from Jakarta to Yogyakarta, and blurted out, "Should I call home?"Budi, not his real name, couldn't...

Govt recommends mixed electoral system

Govt recommends mixed electoral system BANDUNG (JP): A combination of proportional representatives and first-past-the-post systems for next year's general election will likely reduce the influence of political parties and strengthen the accountability of elected representatives.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Sports: Topik Olah Raga 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Educational Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Science Film 6:15 Sports...

Asia markets firm as Obuchi appointed PM

Asia markets firm as Obuchi appointed PM SINGAPORE (Reuters): Most Asian share markets firmed yesterday as traders greeted the end of weeks of political uncertainty in Japan.Tokyo shares gained 0.3 percent and Hong Kong's main index ended more than one percent higher, although the region's...

KL urged to move immigration office

KL urged to move immigration office SINGAPORE (Reuters): Singapore has warned Malaysia that rail passengers will face problems if Malaysia does not shift its immigration operation in the city state, Singapore's Ministry of Home Affairs said yesterday.

Indonesia deal boosts Thailand's rice market

Indonesia deal boosts Thailand's rice market BANGKOK (Reuters): Thailand's rice market has been lifted by expectations the government might soon conclude a deal to sell a large amount of rice to Indonesia, trade sources said yesterday.

Chinese-Indonesian issue

Chinese-Indonesian issue Ms. Donna K. Woodward's letter on July 23, 1998, was her second on the Chinese/indigenous subject. In the first letter, she basically dismissed the magnitude of unfair discrimination against the Chinese-Indonesians by saying that the indigenous Indonesians would rather have...

Bonanza for foreign tourists

Bonanza for foreign tourists I am writing in response to your article Tourist industry gears up for 'Happy Day' freebie bonanza, July 15, where "one free day of services and accommodation for international tourists" is being offered by Indonesia's tourist industry.

Eight new police companies set up

Eight new police companies set up JAKARTA (JP): The city police established eight new companies yesterday to back up police operations in the fight against surging crime in Greater Jakarta."The ability of the new companies is in making quick maneuvers in handling crowds, search and rescue and...

Shuttlers urged to improve fitness

Shuttlers urged to improve fitness JAKARTA (JP): Indonesian badminton players need to improve their physical fitness if they want to maintain their long-held supremacy, former shuttling great Rudy Hartono said yesterday.

Seats for ABRI in the legislature?

Seats for ABRI in the legislature? The Indonesian Armed Forces (ABRI) has been carrying out the historical role of guarding the constitutional Indonesian state for more than 50 years. During this service, ABRI developed its (dual function) doctrine, which, though not unique, may be called...

Bakrieland's creditors agree to restructure foreign debt

Bakrieland's creditors agree to restructure foreign debt JAKARTA (JP): Publicly listed property firm PT Bakrieland Development, a property arm of the Bakrie Group, has successfully restructured part of its US$15.7 million foreign debt, its president said yesterday.

LIPI researchers present alternative electoral system

LIPI researchers present alternative electoral system JAKARTA (JP): Members of the government-run National Institute of Sciences (LIPI) gave their views to President B.J. Habibie yesterday about how to conduct next year's general election.

Police question 26 in reopened Marsinah murder investigation

Police question 26 in reopened Marsinah murder investigation JAKARTA (JP): East Java police have questioned 26 people in the course of their reinvestigation into the 1993 murder of labor activist Marsinah, Antara has reported."There are old witnesses, there are new witnesses.

Family ties can strangle the nation's freedom

Family ties can strangle the nation's freedomBy Wati Abdulgani-Knapp JAKARTA (JP): Asians are usually great pretenders. It is more important for them to put on a united front in public despite the reality there are things that they do not like in their own families.

Whereabouts of missing activists still unknown

Whereabouts of missing activists still unknown JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto claimed yesterday he did not know the whereabouts of the 12 missing activists but pledged to keep searching for them.

Indonesia financial sector key to recovery: World Bank

Indonesia financial sector key to recovery: World Bank PARIS (Reuters): Restoring links between banks and corporations is the key challenge in the restructuring process required to prevent the Indonesian economy collapsing, Jean- Michel Severino, World Bank vice president, east Asian and the...

Indonesian GM Utut draws again at Biel Masters

Indonesian GM Utut draws again at Biel Masters JAKARTA (JP): Indonesia's Utut Adianto wasted another chance in his attempt to top the standings at the Biel Masters chess tournament in Switzerland after drawing with Lajos Portisch of Hungary on Wednesday.

Army 'spy' killed in southern RP

Army 'spy' killed in southern RP ZAMBOANGA CITY, Philippines (DPA): Unidentified armed men gunned down a former rebel leader suspected of spying for the army in the southern Philippines, the military said yesterday.