Archive: 21 August 1998
62 articles found
Fri, 21 Aug 1998, 00:00 WIB
Ginandjar denies reshuffle rumors
Ginandjar denies reshuffle rumors JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita denied yesterday resurgent rumors he was planning to quit his post and that several ministers under his coordination would be reshuffled. "I have no intention to step down now because my job isn't finished yet," he was quoted by Antara news agency as telling journalists here.
Fri, 21 Aug 1998, 00:00 WIB
ABRI begins pulling out combat troops from Aceh
ABRI begins pulling out combat troops from Aceh By Efendy Naibaho LHOKSEUMAWE, Aceh (JP): The Armed Forces (ABRI) have begun to withdraw troops from Aceh following the lifting of the province's status as a military operation region. Yesterday, the first group of 250 soldiers left Aceh -- long blighted by the excessively violent suppression of small numbers of armed insurgents. The second group of 660 troops will leave on Aug. 31.
Fri, 21 Aug 1998, 00:00 WIB
Estrada says U.S. still vital for defense
Estrada says U.S. still vital for defense MANILA (AP): The Philippines will have to depend on its defense ties to the United States and regional security arrangements until it can develop a credible military, President Joseph Estrada said yesterday. The country also must strengthen its economy to be able to buy weapons for defense, Estrada said in an address to graduates of the National Defense College.
Fri, 21 Aug 1998, 00:00 WIB
Bustanil Arifin responds
Bustanil Arifin responds I am responding to an article by George J. Aditjondro published on Page 4 on Aug. 14 titled The myth of Chinese domination. I was referred to as former chief of the National Logistics Agency (Bulog). That much is true. The following part: "His wife Christine obtained etc., etc..." is entirely incorrect. My wife's name is Suhardani Arifin.
Fri, 21 Aug 1998, 00:00 WIB
Bishop Belo's statement
Bishop Belo's statement From Kompas Bishop Belo's statement in which he deplores the big-scale exodus of nonindigenous citizens in East Timor has impressed me. The condition in East Timor is replete with problems due to the economic crisis. That condition has made me reflect again on the departure of Chinese-Indonesians from Indonesia. I think the two cases resemble each other. Only the contents are different.
Fri, 21 Aug 1998, 00:00 WIB
Mahathir warns against rioting
Mahathir warns against rioting KUALA LUMPUR (AP): Malaysia can surmount its economic woes if riots are avoided as the government crafts its recovery plan, the prime minister said yesterday. "We can overcome this economic crisis if everybody continues to be calm and there's no rioting," Prime Minister Mahathir Mohamad told a group of contractors.
Fri, 21 Aug 1998, 00:00 WIB
Taiwan invests in SE Asia
Taiwan invests in SE Asia TAIPEI (Dow Jones): Taiwan's state-run oil monopoly Chinese Petroleum Corp has earmarked more than US$130 million in fiscal 1999 for investments in Vietnam and Malaysia, an official at the company said yesterday. Fiscal 1999 started on July 1. Chinese Petroleum is investing more than US$30 million, or a 45 percent stake, in a lubricant blending unit in Vietnam, said Chen Li-way, press coordination manager at Chinese Petroleum.
Fri, 21 Aug 1998, 00:00 WIB
ABRI rejects death toll reports
ABRI rejects death toll reports JAYAPURA, Irian Jaya: Trikora Regional Military Commander Maj. Gen. Amir Sembiring has denied reports that as many as 112 people died when security forces quelled a separatist demonstration in Biak last month. "There's little chance of that (the number of deaths) happening since the number of people who were flying the West Papua flag from July 2 to July 7 was only about 150 people," he was quoted by Antara as saying here Wednesday.
Fri, 21 Aug 1998, 00:00 WIB
Villagers protest test decision
Villagers protest test decision BOGOR (JP): As many as 200 residents of Waru Induk village in Parung district here staged a demonstration at the local council yesterday after their favorite candidate for village head failed a selection test. The head of administrative affairs for Bogor regency, Adjat Sudradjat, said the protesters' candidate, Jajang alias Enjang, 45, scored a 48 on the test -- seven points lower than the required score of 55.
Fri, 21 Aug 1998, 00:00 WIB
Bad loans: A sperate affairs
Bad loans: A sperate affairs By Andrew Cainey & Andrew Clark JAKARTA (JP): Banks need to separate their current operations from the resolution of problem loans. Without this clarity, ongoing business will be neglected and a work out will suffer from lack of concentrated effort appropriate expertise. Clear separation is important because the objectives, pace, type of personnel required and measures of success are all so different.
Fri, 21 Aug 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 20, 1998: Buying Selling Rp Rp U.S.
Fri, 21 Aug 1998, 00:00 WIB
Minister wants soccer fans to behave properly
Minister wants soccer fans to behave properly JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono called yesterday on the country's soccer fans to behave themselves when the All Indonesian Soccer Federation restarts the professional league in October. Agung said the league's survival prospects would depend very much on the supporters' good behavior, considering the fact that they had been prone to run amok in the past.
Fri, 21 Aug 1998, 00:00 WIB
An independent judiciary?
An independent judiciary? After a delay of almost a year, the Supreme Court on Tuesday announced its final ruling in the more than two-year-old dispute between Megawati Soekarnoputri, the ousted leader of the Indonesian Democratic Party (PDI), on one side, and her government-backed political rivals within the party and the government on the other.
Fri, 21 Aug 1998, 00:00 WIB
Downer against referendum in E. Timor in near future
Downer against referendum in E. Timor in near future JAKARTA (JP): Australian Foreign Minister Alexander Downer said yesterday that he was against a referendum in East Timor in the near future, arguing that the proposal seemed to have been put together in a hurried fashion and had the potential to trigger a civil war.
Fri, 21 Aug 1998, 00:00 WIB
SE Asian currencies higher against dollar
SE Asian currencies higher against dollar SINGAPORE (Dow Jones): Southeast Asian currencies were shot higher against the U.S. dollar during Asian trading yesterday, propelled upward by a surge in the value of the yen. Currencies across the region rose as Japanese threats of intervention to support the yen loosed a cascade of dollar selling, which forced the yen up through successive resistance levels, in turn triggering dollar sales against Southeast Asian currencies.
Fri, 21 Aug 1998, 00:00 WIB
High court upholds Bintang's appeal against minister
High court upholds Bintang's appeal against minister JAKARTA (JP): The State Administrative High Court has upheld politician Sri Bintang Pamungkas' appeal against former education minister Wardiman Djojonegoro who fired him from the Civil service. This caused his dismissal from a teaching post at the University of Indonesia.
Fri, 21 Aug 1998, 00:00 WIB
Tourist industry authority
Tourist industry authority Although many a time I flew JAL on my trips to Japan, I nonetheless could not help but feel my heart fill with a blend of pride and pity every time I saw a Garuda aircraft lonely resting in the parking area of Narita Airport. The plane always looked innocent. I could not fly Garuda because the frequent flight delays, as rumored, were dreadful. It is commonplace for passengers to raise complaints for bad service in letters to the editor in popular local papers.
Fri, 21 Aug 1998, 00:00 WIB
Ginandjar asks for more rice aid from Japan
Ginandjar asks for more rice aid from Japan JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita asked the Japanese government yesterday for 400,000 metric tons of additional rice aid, saying that Indonesia's rice production might be lower than forecast. "This year's rice production forecast is probably a little bit too optimistic.
Fri, 21 Aug 1998, 00:00 WIB
Health course for Nike staff
Health course for Nike staff JAKARTA (JP): Footwear producer PT Pratama Abadi Industri, a subcontractor of Nike International Inc., held a one-day health course on anemia at its factory in Tangerang Monday. The company said in a statement made available to The Jakarta Post yesterday that the course, which was held in conjunction with the commemoration of Indonesia's 53rd Independence Day, was aimed at providing more than 5,000 of its female employees with knowledge of anemia.
Fri, 21 Aug 1998, 00:00 WIB
Focusing on films from the edge
Focusing on films from the edge Film Pinggiran, Antologi Film Pendek, Film Experimental & Film Dokumenter (Alternative Films: An Anthology of Short, Experimental and Documentary Films); By Gotot Prakosa; Published by FFTV-IKJ (The Jakarta Arts Institute's Film and Television Department)-YLP, Jakarta l997; 221 + xxx pp. JAKARTA (JP): Most filmmakers -- and moviegoers -- in Indonesia or anywhere else in the world grow up watching Hollywood films.
Fri, 21 Aug 1998, 00:00 WIB
Fighting illegal levies
Fighting illegal levies Minister of Education and Culture Juwono Sudarsono has expressed his determination to put himself in the forefront in the fight to eradicate illegal levies. Such a resolution, of course, is actually nothing new. Illegal, or additional levies have been a major public complaint since the beginning of the former New Order regime. All the same, the practice has continued to be persistent. People are aware that illegal levies contribute to our high-cost economy.
Fri, 21 Aug 1998, 00:00 WIB
R. Arsyad elected S. Sumatra governor
R. Arsyad elected S. Sumatra governor PALEMBANG, South Sumatra: Commodore Rosihan Arsyad was elected governor of South Sumatra yesterday for the 1998/2003 term. Rosihan defeated two other candidates in the election held by the provincial legislature, receiving 23 of the 45 votes cast. His two rivals, Nangali Solihin and Machmud Hasjim, received 16 and three votes respectively. Rosihan replaces Ramli Hasan Basri, who served a maximum two terms as governor, Antara reported.
Fri, 21 Aug 1998, 00:00 WIB
Contractors to invest $1 billion in western Natuna gas project
Contractors to invest $1 billion in western Natuna gas project JAKARTA (JP): Contractors working in the gas fields in the western Natuna islands plan to invest about US$1 billion over the next three years to establish facilities for the delivery of gas from the area to Singapore.
Fri, 21 Aug 1998, 00:00 WIB
Empowering the indigenous population
Empowering the indigenous population By Junus Jahja JAKARTA (JP): The economic gulf between the indigenous population and citizens of Chinese descent has become a chronic problem, necessitating a new approach for its permanent solution. In this context, an article by Indonesia's first vice president, Mohammad Hatta, titled Nationals of Chinese Descent in the Jan. 26, 1957, edition of the Star Weekly may be useful for further thought.
Fri, 21 Aug 1998, 00:00 WIB
Council's probe result to be announced soon
Council's probe result to be announced soon JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto confirmed yesterday he would announce the result of the Officers Honor Council investigation into the abductions of political activists next week. "I have not received the council's recommendation of its investigation into the abductions of activists.
Fri, 21 Aug 1998, 00:00 WIB
New commercial court, bankruptcy law launched
New commercial court, bankruptcy law launched JAKARTA (JP): The government opened here yesterday the country's first commercial court on the same day the new bankruptcy law took effect. The court, located at the Central Jakarta District Court, was officially opened by Minister of Justice Muladi and Supreme Court Chief Justice Sarwata Gandasubrata.
Fri, 21 Aug 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 20, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 -25 753,500 Alumindo Light Metal 300 -25 515,000 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 175 -25 20,000 Aneka Tambang 2,075 -75 6,438,500 Anwar Sierad 100 25 12,500 Apac Centertex Corp.
Fri, 21 Aug 1998, 00:00 WIB
Rupiah remains stable, stocks lose ground
Rupiah remains stable, stocks lose ground JAKARTA (JP): The rupiah maintained its stability yesterday on relative tranquility at home and regional stability, but local stock prices lost ground on the government's backtracking on its privatization plan. Local currency dealers said the rupiah managed to hit an intraday high of 11,200 against the U.S. dollar in the morning session after state banks put dollars up for sale. The currency hit 10,900 in Singapore.
Fri, 21 Aug 1998, 00:00 WIB
Aquino wants truth about her husband
Aquino wants truth about her husband MANILA (AP): Former Philippine president Corazon Aquino said yesterday a former military chief of staff under late dictator Ferdinand Marcos should now tell the truth about her husband's assassination 15 years ago. President Joseph Estrada said Wednesday he would allow former Gen. Fabian Ver to return to the Philippines after fleeing the country with Marcos at the height of the 1986 "people power" revolt that toppled the strongman.
Fri, 21 Aug 1998, 00:00 WIB
GKPB aims at preventing past mistakes
GKPB aims at preventing past mistakes JAKARTA (JP): The recent establishment of the Movement for Indonesian Justice and Unity (GKPB) as an "opposition group" to President B.J. Habibie has received much hype, but chief coordinator Siswono Yudohusodo emphasizes that the organization was created more as a campaign against repeating past social and political mistakes than as a government antagonist.
Fri, 21 Aug 1998, 00:00 WIB
Grave looting turns rampant in areas of Central Java
Grave looting turns rampant in areas of Central Java By Haryoso SEMARANG (JP): In Central Java, the spirits of many wealthy Chinese-Indonesians who died more than 20 years ago have been rudely disturbed because they, too, have had to bear the brunt of the present crisis. Over the past month, suspicious-looking strangers have dug up Chinese graves and stolen the valuables in Pekalongan and Surakarta. Eyewitnesses say the criminals usually came in groups of at least 10 people.
Fri, 21 Aug 1998, 00:00 WIB
Tempeh makers left without a bean
Tempeh makers left without a bean SURABAYA, East Java: Some 8,400 tofu and tempeh makers have been forced to change profession and become becak (pedicab) drivers or construction workers because of a shortage of soybean, the basic ingredient in the much loved food.
Fri, 21 Aug 1998, 00:00 WIB
WB rejects reports on graft figure
WB rejects reports on graft figure JAKARTA (JP): The World Bank's country director for Indonesia, Dennis de Tray, rejected reports yesterday that more than 20 percent of the bank's loans to finance projects in the country was siphoned off by local officials. The 20 percent figure is not really a concrete fact because no systematic research has been conducted to reach such a conclusion, he argued. "I don't deny the problems (of corruption in Indonesia)... but the 20 percent figure is anecdotal.
Fri, 21 Aug 1998, 00:00 WIB
Govt bows to pressure on Gresik privatization
Govt bows to pressure on Gresik privatization JAKARTA (JP): The government, caving in to the public outcry which greeted an earlier plan, will divest just 14 percent of its 65 percent stake in publicly listed PT Semen Gresik, a minister said yesterday. Coordinating Minister for Development Supervision and State Administrative Reforms Hartarto Sastrosoenarto said the modified privatization scheme would retain government control of 51 percent in the country's largest cement maker.
Fri, 21 Aug 1998, 00:00 WIB
Malaysia reacts angrily to Australian criticism
Malaysia reacts angrily to Australian criticism KUALA LUMPUR (AP): As one newspaper put in bold yesterday, Australia's top Commonwealth Games official was a "pain from down under." Perry Crosswhite, general manager of Australian's Commonwealth Games Association, may want to stay away from Kuala Lumpur, given how much hostility he has provoked.
Fri, 21 Aug 1998, 00:00 WIB
Corruption must be halted
Corruption must be halted We have to admit that Indonesia is now in a very difficult economic situation. We also have to admit that this situation has been mostly caused by corruption. So to improve the situation, we must fight corruption. But how? At the higher level of bureaucracy, one practices corruption to enrich oneself. At lower levels, it becomes a way of life as the salaries of employees are insufficient to live on, so they resort to corruption for survival.
Fri, 21 Aug 1998, 00:00 WIB
1,000 officers will protect Soerjadi's PDI congress
1,000 officers will protect Soerjadi's PDI congress JAKARTA (JP): National Police Chief Lt. Gen. Roesmanhadi said no special protection would be accorded to participants of the Soerjadi-led Indonesian Democratic Party (PDI) congress in Palu, Central Sulawesi, but confirmed that 1,000 police officers would be deployed to safeguard the event which begins Wednesday.
Fri, 21 Aug 1998, 00:00 WIB
Taiwan reviews bilateral programs with Indonesia
Taiwan reviews bilateral programs with Indonesia SINGAPORE (Dow Jones): Taiwan is in the process of reviewing a 200,000-ton rice deal with Indonesia, along with other bilateral programs, in view of anti-Chinese incidents that occurred during the May riots in Indonesia, Roy Y. Wu, spokesman for Taiwan's Ministry of Foreign Affairs told Dow Jones Newswires yesterday. To help it avoid a looming food crisis, Taiwan had earlier agreed to ship Indonesia the rice under a loan agreement.
Fri, 21 Aug 1998, 00:00 WIB
Economists urge govt to liberalize CPO trading
Economists urge govt to liberalize CPO trading JAKARTA (JP): Economists have again urged the government to liberalize trade in crude palm oil (CPO) and cooking oil to boost the country's foreign exchange earnings. Bungaran Saragih, an economist at Bogor Institute of Agriculture, said yesterday the government would earn at least US$2 billion from CPO exports in this financial year if it liberalized the trade.
Fri, 21 Aug 1998, 00:00 WIB
Kramat Jati killers nabbed in 24 hours
Kramat Jati killers nabbed in 24 hours JAKARTA (JP): City police detectives took less than 24 hours to arrest a man and two suspected hired assassins in connection with the Tuesday killing of a Kramat Jati market vendor at his home in East Jakarta. The detectives' speedy work was mainly due to the valuable information gained from the victim's neighbors and relatives, city police spokesman Lt. Col. E. Aritonang said yesterday.
Fri, 21 Aug 1998, 00:00 WIB
Govt should not be hasty in phasing out Jamsostek's monopoly
Govt should not be hasty in phasing out Jamsostek's monopoly JAKARTA (JP): The Association of Indonesian Social Security Insurance Companies warned the government yesterday not to be too hasty in phasing out of the monopoly of PT Jamsostek, a state- owned company which runs the compulsory social security program for workers.
Fri, 21 Aug 1998, 00:00 WIB
Artists mark Independence Day by pondering Indonesia today
Artists mark Independence Day by pondering Indonesia today JAKARTA (JP): Indonesia has just celebrated the 53rd anniversary of her independence, but can we really count ourselves as free? Some feel independence inevitably remains incomplete without freedom of expression. Writer and director Putu Wijaya ventured this thought in his essay-reading held on the eve of Independence Day at the Graha Bhakti Budaya Stadium of Taman Ismail Marzuki arts center in Central Jakarta.
Fri, 21 Aug 1998, 00:00 WIB
Govt to issue new tax incentives regulation
Govt to issue new tax incentives regulation JAKARTA (JP): The government is to issue a new regulation next week on special tax facilities for companies operating in the country, State Minister of Investment Hamzah Haz said yesterday. "The new ruling will be issued hopefully by next week, and will come into effect in September," Hamzah, who is also the chairman of the Investment Coordinating Board, told reporters after a lunch discussion.
Fri, 21 Aug 1998, 00:00 WIB
Number of street kids surges because of crisis
Number of street kids surges because of crisis JAKARTA (JP): The number of street children has substantially increased over the last couple of months as a direct impact of the prolonged economic crisis, an official said yesterday. Ami Poerwanto, head of the city office of the Ministry of Social Services, said they could be easily spotted as newspaper sellers and buskers at busy road intersections or as shoe polishers at public facilities and as laborers at markets.
Fri, 21 Aug 1998, 00:00 WIB
Number of slums up 400 percent in last five years
Number of slums up 400 percent in last five years JAKARTA (JP): Slum areas in the city have soared in number in the wake of the debilitating crisis, a population official has confirmed. Head of the population section of the Jakarta Central Bureau of Statistics (BPS Jakarta) Rusmandesiar said Wednesday 45 community units were now classified as slums, up from just nine five years ago. He said the sharp increase was caused mainly by the impact of the chronic economic turmoil.
Fri, 21 Aug 1998, 00:00 WIB
Association awaits news on takeover of Sentul circuit
Association awaits news on takeover of Sentul circuit JAKARTA (JP): The Indonesian Motorsports Association (IMI) is still waiting for the state minister of youth affairs and sports to respond to its offer to take over the management of the Sentul circuit near Bogor, West Java. IMI chairman Bob Nasution told a media conference yesterday that the association had yet to hear from State Minister Agung Laksono since it made the proposal last month.
Fri, 21 Aug 1998, 00:00 WIB
49 arrested after concert
49 arrested after concert JAKARTA (JP): Police arrested at least 49 people, mostly students and jobless youths, for their alleged involvement in a massive brawl during a Slank rock concert Wednesday in Bekasi Stadium, an officer said yesterday. Bekasi Police chief Lt. Col. Adjie Rustam Ramdja said the 49 suspects were detained after police questioned them and several other people about the fray, in which nine students were badly injured.
Fri, 21 Aug 1998, 00:00 WIB
Indonesia eyes Asiad medals from 11 sports
Indonesia eyes Asiad medals from 11 sports JAKARTA (JP): After months of observation, the National Sports Council concluded yesterday that Indonesia could expect to win medals in 11 sports at the 13th Asian Games. Speaking at a media conference that followed a two-day consultative meeting with coaches, the national team's training director Mochamad Hindarto said that the country also had a chance, albeit slim, to collect medals in another eight events.
Fri, 21 Aug 1998, 00:00 WIB
Telkom reports a net loss of Rp 1.17 trillion
Telkom reports a net loss of Rp 1.17 trillion JAKARTA (JP): PT Telkom Indonesia has reported a net loss of Rp 1.17 trillion (US$100 million) in the first half of this year compared to a net profit of Rp 821 billion in the corresponding period in 1997. The publicly-listed telecommunications company attributed the massive loss to the fall in the value of the rupiah against the U.S. dollar during the six-month period.
Fri, 21 Aug 1998, 00:00 WIB
KL, Bangkok near accord on trade
KL, Bangkok near accord on trade KUALA LUMPUR (Dow Jones): The Malaysian finance ministry deputy secretary-general said yesterday negotiations to sign a payments agreement with Thailand were in advanced stages. The agreement would permit the two countries to use each other's currencies to trade, Abdul Aziz Mohd Yaacob said. He said Indonesia and Myanmar have also indicated their interest in arranging a bilateral payment agreement.
Fri, 21 Aug 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Music Lessons: Bermain Musik 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in English) 7:00 Evening News 7:35 Dialog 8:00 TV Drama: Sabai Nan Aluih 9:00 World News 9:35 Music: Dangdut 10:30 Late News 10:40 Film Series Program 2 4:30 p.m.
Fri, 21 Aug 1998, 00:00 WIB
WB considers extra loans to Malaysia worth $2b
WB considers extra loans to Malaysia worth $2b WASHINGTON (Bloomberg): The World Bank is considering requests from Malaysia for additional loans and may lend the Southeast Asian nation as much as US$2 billion during the next year to 18 months, a senior bank official said Wednesday.
Fri, 21 Aug 1998, 00:00 WIB
Public transport firms call for cheap credit
Public transport firms call for cheap credit JAKARTA (JP): The government has been urged to provide the capital's ailing public transport companies with credits to enable them to buy spare parts for their vehicles. Aip Sjarifuddin, chairman of city branch of the Organization of Land Transportation Owners (Organda), told The Jakarta Post on Wednesday that the credits were badly needed to help operators buy spare parts which have risen drastically in price during the economic crisis.
Fri, 21 Aug 1998, 00:00 WIB
Convicted killer wants court to review case
Convicted killer wants court to review case JAKARTA (JP): Mohammad Siradjuddin, popularly known as Pak De, who was pronounced guilty in 1986 for killing fashion model Dietje, revealed yesterday his long-time plan to ask the Supreme Court to review its ruling against him.
Fri, 21 Aug 1998, 00:00 WIB
Timor Gap gas agreement in the pipeline: Official
Timor Gap gas agreement in the pipeline: Official CANBERRA (Dow Jones): Australia is confident resolution of outstanding taxation issues in a treaty covering rich undersea gas deposits in the Timor Gap zone of cooperation will be achieved by the end of 1998, an official said yesterday. The Timor Gap treaty signed by the two nations in 1989 established a joint authority to manage exploration and exploitation of the increasingly abundant oil and natural gas in the region.
Fri, 21 Aug 1998, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Photo Exhibition: A Part of Indonesian Historical Journey, at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (Phone: 7194278), Sunday, at 10:30 a.m. to 12 p.m., Monday to Thursday, 11:30 a.m. to 11:30 p.m., Friday to Saturday 11:30 a.m. to 1:30 a.m., until Aug. 24. * Painting Exhibition: Sisi Lain, Orang Indonesia dan Negerinya, by, Galeri Santi, Jl. Benda No. 4, Cilandak Timur, Kemang, South Jakarta (Phone: 7806079), 10 a.m. to 6 p.m., until Aug. 30.
Fri, 21 Aug 1998, 00:00 WIB
Meiwa Indonesia's listing
Meiwa Indonesia's listing OSAKA (Nikkei): Meiwa Gravure Co., a maker of synthetic resin products, has canceled plans to list the shares of an Indonesian subsidiary on the foreign section of the Osaka Securities Exchange, the Nihon Keizai Shimbun reported yesterday. Meiwa Gravure's business group owns 80 percent of P.T. Meiwa Indonesia, which had sales in 1997 of 160 billion rupiah or Y4.3 billion at the exchange rage of that time.
Fri, 21 Aug 1998, 00:00 WIB
Pertamina sells new lube
Pertamina sells new lube JAKARTA (JP): State oil and gas company Pertamina has launched a new lubricating oil for heavy equipment and large vehicles using high speed diesel engines made in Europe and North America. Pertamina said in a statement yesterday the new lube, which is branded Meditran SX 15W-40, was launched Monday for heavy equipment like tractors, bulldozers, excavators and large vehicles like dump and mining trucks which were equipped with pollution-free diesel engines.
Fri, 21 Aug 1998, 00:00 WIB
Military-backed New Order power as strong as ever
Military-backed New Order power as strong as ever By Olle Tornquist This is the second of two articles based on a paper presented at an international seminar, Toward Structural Reforms for Democratization in Indonesia, which was held in Jakarta from Aug. 12 to Aug. 14. The seminar was organized by the Indonesian Institute of Sciences and the Ford Foundation. JAKARTA: Faced with the threat of a new Saddam Hussein, the West retreated. Too many business interests were at stake in Indonesia.
Fri, 21 Aug 1998, 00:00 WIB
Unocal Indonesia hits record oil find
Unocal Indonesia hits record oil find SINGAPORE (Dow Jones): Unocal Indonesia Co, a unit of Unocal Corp, has made its largest deep-water oil and gas discovery yet with a recent exploration well off the coast of East Kalimantan, a Unocal official said yesterday. Results from the West Seno #2 well, announced Monday, indicate greater oil and gas resources in the Seno field than the Merah Besar field drilled by Unocal earlier this year, the official said.
Fri, 21 Aug 1998, 00:00 WIB
Advisor defends decision to honor Habibie's family
Advisor defends decision to honor Habibie's family JAKARTA (JP): President B.J. Habibie's senior advisor has queried the uproar caused by the conferring of the nation's most prestigious honors on the President's wife, brother and close confidants, arguing that the medals have little commercial value. "Why must you make such a fuss about these medals. No one would buy them if they came up for sale," replied A.A.
Fri, 21 Aug 1998, 00:00 WIB
Ailing Suu Kyi offers to end roadside protest
Ailing Suu Kyi offers to end roadside protest YANGON (AP): Nobel laureate Aung San Suu Kyi offered to end her roadside standoff with the military regime yesterday if the government agrees to free jailed members of her political party. Suu Kyi's health was "failing" nine days into the standoff but she was in "high spirits," according to a statement released by the National League for Democracy, her political party.