Indonesian Political, Business & Finance News

Archive: 5 August 1998

51 articles found

Postage increase

Postage increase The cost of sending letters, etc. through the mail has increased tremendously. To send a letter (regular) to Europe, which previously cost Rp 1,500, now costs Rp 12,000. Of course this is no surprise, as the dollar has also increased five or sixfold.

Local human resources still lacking

Local human resources still lacking JAKARTA (JP): The start of the free trade era in 2003 is just around the corner, but Indonesia's human resources are still ill- prepared for it, Minister of Education and Culture Juwono Sudarsono lamented yesterday.

U.S. sets duties on mushroom

U.S. sets duties on mushroom WASHINGTON (Reuters): The U.S. Commerce Department has recommended imposing anti-dumping duties on preserved mushroom imports from Chile, China, India and Indonesia, a spokesman said on Monday.

Clutching at straws

Clutching at straws Among the proposals Indonesia has so far been toying with in its desperate effort to stabilize and strengthen the rupiah, the one made by business leader Aburizal Bakrie to President B.J.

100 to compete in bowling meet

100 to compete in bowling meet JAKARTA (JP): One hundred youths from across the country are expected to pit their bowling skills in the first round of the Brunswick Indonesian Bowling Circuit at the Mega Mall Bowling Center in Pluit, North Jakarta, from Aug. 28 to Aug. 30.

U.S. firm takes Indonesian govt to international court

U.S. firm takes Indonesian govt to international court JAKARTA (JP): American giant power company Florida Power and Lights has filed arbitration proceedings against the Indonesian government in Geneva, Switzerland, for postponing its subsidiary's $1 billion power project in West Java, it was...

S'pore delivers aid to Indonesia despite tension

S'pore delivers aid to Indonesia despite tension SINGAPORE (Agencies): Despite delivery of the first batch of Singapore's humanitarian aid for Indonesia, tensions between the Southeast Asian neighbors appear to be strained.

Fixing misperceptions about the mass rapes

Fixing misperceptions about the mass rapesBy Saparinah Sadli JAKARTA (JP): Reactions in the mass media casting doubt on the truth of mass rapes during the May riots have taken the discussion to a level that is bound to have a negative social impact.

Asian crude prices steady

Asian crude prices steady SINGAPORE (Reuters): Asia's crude prices were stable in thin trading yesterday, with some sellers watching Indonesia's potential purchases for September before offering their cargoes on the spot market, traders said.

Mivan leaves partnership with Summarecon

Mivan leaves partnership with Summarecon JAKARTA (JP): Publicly-listed property company PT Summarecon Agung said yesterday a foreign contractor, Mivan Ltd., had reneged on their business contract after the British company left the country in mid-May, leaving behind a long trail of debts.

Consumer group gives partial nod to lottery

Consumer group gives partial nod to lottery JAKARTA (JP): The Indonesian Consumers Foundation gave a qualified endorsement yesterday to a planned lottery to collect funds for sports development.Chairwoman Tini Hadad, speaking after a hearing with officials National Sports Council, said the...

Village heads start rolling under public pressure in W. Java

Village heads start rolling under public pressure in W. JavaBy Kafil Yamin BANDUNG (JP): The reform movement in West Java villages is quite intense. The fanfare is more colorful, but with a simpler goal: a change in village heads.

Spotlight

SpotlightPhoto A: CiputraHotel Ciputra JakartaFIRST GUEST: Michael De Alwis from Sri Lanka (center) is the first to check in at Hotel Ciputra Jakarta on Happy Day. The event, part of Let's Go Indonesia campaign, was aimed at promoting tourism in the country.

Team formed to find bodies

Team formed to find bodies BANDAR LAMPUNG, Lampung: Lampung Police Chief Col. Gendro Budi Santoso said here yesterday that a fact-finding team had been formed to investigate reports of 14 dead bodies sighted in the Umpu River in Blambangan Umpu district, North Lampung.

Pertamina denies charges PSCs marking up costs

Pertamina denies charges PSCs marking up costs JAKARTA (JP): State oil and gas company Pertamina has dismissed charges that production sharing contractors (PSC) are guilty of substantially marking up the cost of oil and gas exploration and production in order to boost their earnings.

BI to absorb Rp 13t through SBI auction

BI to absorb Rp 13t through SBI auction JAKARTA (JP): Bank Indonesia is tightening the money supply by offering Rp 13 trillion (US$1.01 billion) in one-month promissory notes (SBIs) for auction today.A state bank's head of treasury division predicted yesterday that the central bank would most...

Two men caught with illegal guns

Two men caught with illegal guns JAKARTA (JP): Two men have been detained for recent firearms offenses, the police have announced.The first suspect, Edi Suhendar, 32, was caught red-handed in a room at Hotel Sofyan in Tebet, South Jakarta, last Friday while trying to sell a 38-mm Colt and six...

Net international reserves down slightly

Net international reserves down slightly JAKARTA (JP): The government's servicing of its offshore debts caused Bank Indonesia's net international reserves (NIR) to decline by US$20.3 million to $14.19 billion as of July 31, from $14.22 billion the previous week.

Inflation the worst problem of the economic crisis

Inflation the worst problem of the economic crisis News of the recent pledges of US$6 billion and $7.9 billion in fresh aid from the International Monetary Fund (IMF) and members of the Consultative Group on Indonesia (CGI) respectively failed to substantially strengthen the rupiah.

Hydrocephalus

Hydrocephalus Correction: The story on Ayu, the dying hydrocephalic baby girl, which appeared on this page in yesterday's paper should have been headlined Hydrocephalic kids wait for God's mercy at Sayap Ibu orphanage, instead of "at RSCM".We apologize for any inconvenience. -- Editor

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 4, 1998: Buying Selling Rp Rp U.S. dollar 1 12,700.00 13,500.00Austrian shilling 1 967.00 1,102.00Australian dollar 1 7,593.00 8,077.00Belgian franc 1 342.00 362.00Canadian dollar 1 8,309.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Arts Exhibition by Agung Kurniawan at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), Monday to Friday, 10 a.m. to 5 p.m., Saturday, 10 a.m. to 3 p.m. until Aug. 10. * Painting Exhibition: Kriyono's Cynorure by Kriyono, at Galeri Linggar, Jl.

Rupiah strengthens but stocks lose gains

Rupiah strengthens but stocks lose gains JAKARTA (JP): The rupiah gained ground yesterday, breaking the 13,000 level against the U.S. dollar in mild dealing, but stock prices fell almost 3 percent due to profit taking on big cap stocks, dealers and stockbrokers said.

Utut loses to woman GM at MK Cafe Cup opener

Utut loses to woman GM at MK Cafe Cup opener JAKARTA (JP): Grand Master (GM) Natalia Zukhova of Ukraine dealt Indonesia's top chess player GM Utut Adianto an early blow at the MK Cafe Cup in Koszalin, Poland, with an upset win Monday.

SE Asian currencies trail the yen's rise

SE Asian currencies trail the yen's rise SINGAPORE (Dow Jones): Southeast Asian currencies faithfully trailed the yen higher as the Japanese currency rose against the U.S. dollar during Asian trading hours yesterday.

Pertamina clarifies Ginandjar trip bill

Pertamina clarifies Ginandjar trip bill JAKARTA (JP): Cash payments were not part of the assistance provided by state-owned oil and gas company Pertamina to Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita during recent overseas trips, company president Soegianto said...

Govt simplifies procedures to run tourist business

Govt simplifies procedures to run tourist business JAKARTA (JP): The government has simplified bureaucratic procedures to start tourism-related businesses as part of its efforts to put the wounded sector on the mend.

Residents cultivate empty land illegally

Residents cultivate empty land illegally JAKARTA (JP): About 100 city residents flocked to an empty plot of land on Jl. Pulo Mas Barat in East Jakarta to grow vegetables regardless of the absence of legal procedures on land utilization.

PDI legislator pressured to quit

PDI legislator pressured to quit SEMARANG: About 2,000 supporters of Megawati Soekarnoputri gathered in front of the provincial legislature here yesterday to demand the senior Indonesia Democratic Party (PDI) member resign his seat.

S'pore rubber futures fall

S'pore rubber futures fall SINGAPORE (Reuters): Singapore rubber futures softened further yesterday with players staying on the sidelines, traders said.Weakness in other Asian markets added more gloom in the already bearish market Singapore, traders said.

Officers suspected of embezzlement

Officers suspected of embezzlement BANDAR LAMPUNG, Lampung: The head of the Lampung Police detectives unit, Lt. Col. Yoyon Prasetyo, yesterday confirmed that two police officers and the Barat village chief were under investigation for allegedly embezzling money seized from a robbery.

Taekwondo team off to S. Korea

Taekwondo team off to S. Korea JAKARTA (JP): Six taekwondo athletes are to undergo a training stint in South Korea for two months ahead of the 13th Asian Games in December.Secretary-general of the Indonesian Taekwondo Association Ahmad Zarkasih said yesterday that the organization had picked...

Thailand looking to sell RI 100,000 tons of rice

Thailand looking to sell RI 100,000 tons of rice BANGKOK (Reuters): Thailand will pursue talks with Indonesia to sell only 100,000 tons of rice under its government-to- government deal and not 500,000 tons as requested by Indonesia, a senior commerce ministry official said yesterday.

Corruption trial opens in Central Jakarta court

Corruption trial opens in Central Jakarta court JAKARTA (JP): Two executives of state-owned construction company PT Hutama Karya were indicted at Central Jakarta District Court yesterday on charges of involvement in a Rp 1.5 trillion (US$115 million) corruption scandal in two toll road projects.

Fears of political uncertainty keep exports subdued

Fears of political uncertainty keep exports subdued JAKARTA (JP): Indonesia's political uncertainty continues to scare away foreign buyers of the country's major non-oil and gas export products, according to exporters.

Man throws bombs at Sutiyoso's home

Man throws bombs at Sutiyoso's home JAKARTA (JP): An unidentified man lobbed two Molotov cocktails at the security post of the official residence of Governor Sutiyoso in Menteng, Central Jakarta, late Monday night, partially burning the brick structure.

Man charged with helping kidnappers

Man charged with helping kidnappers SINGAPORE (DPA): A Singapore food-stall owner has been charged with receiving millions of dollars in ransom money from the family of an ethnic Chinese man kidnapped in Indonesia, reports said yesterday.

ABRI 'must trim political role', says Yudhoyono

ABRI 'must trim political role', says Yudhoyono JAKARTA (JP): Retired and serving senior ranking officers in the Armed Forces (ABRI) have acknowledged that the military must reduce its dominant role in politics in order to help promote democracy and the creation of a civil society.

Jakarta told to tighten neighborhood security

Jakarta told to tighten neighborhood security JAKARTA (JP): Governor Sutiyoso has called on Jakartans to celebrate the country's upcoming 53rd Independence Day as usual but to tighten security in their neighborhoods.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 4, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 325 0 10,000 AHAP Insurance 575 0 0 Alter Abadi 500 -25 17,500 Alumindo Light Metal 375 50 118,500...

Govt to probe CPO smuggling

Govt to probe CPO smuggling JAKARTA (JP): The government pledged yesterday to investigate the alleged smuggling of crude palm oil (CPO) and its byproducts out of Indonesia in a bid to secure sufficient domestic supply, Minister of Industry and Trade Rahardi Ramelan said yesterday.

Minister warns about threat from 'La Nina'

Minister warns about threat from 'La Nina' JAKARTA (JP): Minister of Communications Giri Suseno warned the nation yesterday about the threat of floods, violent tropical storms and landslides brought about by the arrival of the La Nina weather phenomenon.

Malaysia cautions S'pore not to take it for granted

Malaysia cautions S'pore not to take it for granted JOHOR BARU, Malaysia (AP): Amid a worsening row with neighboring Singapore, Malaysian Prime Minister Mahathir Mohamad cautioned the tiny city-state yesterday not to take peace-loving Malaysia for granted.

Habibie alerts public to divisive rumors

Habibie alerts public to divisive rumors JAKARTA (JP): President B.J. Habibie, denouncing irresponsible people bent on splintering the nation through spreading vicious rumors, has alerted the general public to be wary.

PDI to hold congress in Palu this month

PDI to hold congress in Palu this month JAKARTA (JP): The executive board of the government-backed Indonesian Democratic Party (PDI) announced yesterday it would hold its congress in the Central Sulawesi capital of Palu from Aug. 26 through Aug. 30.

Palm oil mostly lower in thin European trading

Palm oil mostly lower in thin European trading LONDON (Reuters): Palm oil prices were mostly lower at midday yesterday following the easier close in Chicago overnight and in Malaysia.Talk that India may tender later this week gave the market some support, but movements in either direction were...

ABRI to remain in E. Timor

ABRI to remain in E. Timor DILI, East Timor: Despite a recent troop withdrawal, the rotation of military units for duties in East Timor will continue, a local military official said."The activities are for humanitarian purposes such as in the fields of health and counseling to encourage people to...

DKP opens probe on officers' role in abductions

DKP opens probe on officers' role in abductions JAKARTA (JP): The Officers Honor Council began its investigation yesterday into the allegedly involvement of officers and soldiers of the Army's special force (Kopassus) in the abductions and torture of political activists.

11 prisoners flee, officers questioned

11 prisoners flee, officers questioned BOGOR (JP): Bogor Police Internal Affairs is questioning six personnel from Citeureup precinct, including its chief, following the escape of 11 suspects from the police station in the wee hours of last Saturday.Bogor Police chief Lt. Col.

Journalists union vows to uphold independent stance

Journalists union vows to uphold independent stance JAKARTA (JP): The government-sanctioned Indonesian Journalists Association (PWI) pledged yesterday to strengthen its independence by distancing itself from the government and the dominant political organization Golkar.

Another activist tells story of abduction

Another activist tells story of abduction JAKARTA (JP): While investigations seem to be focussing on the involvement of the Army's Special Force (Kopassus) in the abduction of activists, witnesses maintain that other military units were also involved in various abductions.