Indonesian Political, Business & Finance News

Archive: 6 August 1998

56 articles found

All entertainment spots in Puncak closed temporarily

All entertainment spots in Puncak closed temporarily BOGOR (JP): Regent Eddie Yoso Martadipura has temporarily closed all entertainment establishments in the popular Puncak mountain resort area until a dispute between operators and locals is resolved.

Firm debuts home grocery delivery

Firm debuts home grocery delivery JAKARTA (JP): Those who have less time to shop no longer have to venture into a store to get their basic necessities as a new grocery delivery service, DialMart, will cater to their needs.

Rupiah extends gains as stocks plunge further

Rupiah extends gains as stocks plunge further JAKARTA (JP): The rupiah continued to make headway against the U.S. dollar yesterday due to bullish sentiment on regional markets, especially the Japanese yen, currency dealers said.

Bulog to import up to 1 million tons of sugar

Bulog to import up to 1 million tons of sugar JAKARTA (JP): The State Logistics Agency (Bulog) plans to import between 900,000 metric tons and 1 million tons of sugar this year to meet domestic demand.Bulog chairman Beddu Amang said Tuesday that 50 percent of the imported sugar would be white...

Women look for protection after May atrocities

Women look for protection after May atrocitiesBy Stevie Emilia JAKARTA (JP): While victims of the May rapes are struggling to deal with the nightmare, some women have decided to protect themselves against sexual assault with something most of them had never set eyes on.

Habibie not yet asked to open PDI congress

Habibie not yet asked to open PDI congress JAKARTA (JP): President B.J. Habibie has not received a formal invitation to open a planned congress of the government- recognized Indonesian Democratic Party (PDI) under Soerjadi, despite claims to the contrary from congress organizers.

Minister/State Secretary installs deputy, assistants

Minister/State Secretary installs deputy, assistants JAKARTA (JP): Minister/State Secretary Akbar Tandjung swore in Let. Gen. (ret) Toni Hartono as his deputy and six other assistants in a brief ceremony at the State Secretariat offices yesterday.

Utut scores first win at MK Cafe Cup

Utut scores first win at MK Cafe Cup JAKARTA (JP): Indonesian Utut Adianto made amends for a first- round defeat with a win over Vil Syrtlanov of Russia in the second round of the MK Cafe Cup chess tournament in Koszalin, Poland, on Tuesday.

RI jet skiers take King's Cup

RI jet skiers take King's Cup JAKARTA (JP): Indonesian jet skiers took home the King's Cup after winning three out of six gold medals up for grabs in the Asia Pacific Jet Sport Championship at Samila Sangkhla Beach, Thailand, over the weekend.

MUI says planned lottery against Islamic principles

MUI says planned lottery against Islamic principles JAKARTA (JP): The Indonesian Ulemas Council (MUI) has issued an edict stating a planned lottery to raise funds for sports development violates Islamic principles.

Student detained for throwing bomb

Student detained for throwing bomb JAKARTA (JP): Police arrested yesterday a 24-year-old student suspected of throwing two Molotov cocktails at the security post of Governor Sutiyoso's official residence in Menteng, Central Jakarta, on Monday night, an officer said.City police detective chief Col.

More women learn martial arts

More women learn martial arts JAKARTA (JP): More women are taking up martial arts to protect themselves.The Indonesian Women's Congress (KOWANI) in cooperation with the city police and martial arts groups Cakra Murti and Panca Daya are offering a special training course for women based on the use...

Indonesia, Portugal agree on East Timor package

Indonesia, Portugal agree on East Timor package UNITED NATIONS (Agencies): Indonesia and Portugal agreed yesterday to hold in-depth discussions on Indonesia's proposals for a "special status, based on a wide-ranging autonomy" for East Timor, according to a communique issued after two days of talks.

Antiforeigner sentiment reaches fever pitch

Antiforeigner sentiment reaches fever pitchBy Todd Gregory This is the first of two articles on Indonesians' attitude toward foreigners. JAKARTA (JP): The din of antiforeigner sentiment has reached fever pitch in recent weeks, marked by an excess of emotion and resentful rhetoric.

Sutiyoso mulls smaller staff load to economize

Sutiyoso mulls smaller staff load to economize JAKARTA (JP): Governor Sutiyoso said yesterday he would consider a cost-cutting measure for three deputies instead of the current four following the election of Harun Al Rasyid as West Nusa Tenggara governor.

Threat of sanctions looms over May rapes

Threat of sanctions looms over May rapes TAIPEI (Agencies): Taiwan threatened yesterday to cut the number of Indonesian migrant workers unless "Jakarta properly handles the rape of ethnic Chinese women during the May 13-14 riot".

Doctor busted for trading porn VCDs

Doctor busted for trading porn VCDs JAKARTA (JP): City police have busted a 60-year-old physician believed to have produced and sold pirated pornographic VCDs nationwide, an officer said Tuesday.From the suspect's warehouse on Jl.

Nontaxable income to be raised by 66.67%

Nontaxable income to be raised by 66.67% JAKARTA (JP): A married taxpayer with three children who earns only up to Rp 8.64 million (US$664 at the current rate) a year will be exempt from income tax beginning next year, according to a new tax ruling announced by the finance ministry yesterday.

Council urged to probe other military units

Council urged to probe other military units JAKARTA (JP): Rights activists have urged the newly- established Officers Honor Council to widen its investigation into the abduction and torture of political activists to include other military units besides the Army's Special Force (Kopassus).

SE Asia currencies up as U.S. stocks fall

SE Asia currencies up as U.S. stocks fall SINGAPORE (Bloomberg): The Singapore dollar and other Southeast Asian currencies rose yesterday as the plunge in U.S. stocks raised concern investors will sell U.S. securities and convert the dollar proceeds into other currencies.

Manulife shifts HQ to HK

Manulife shifts HQ to HK SINGAPORE (Reuters): Canada's biggest mutual life insurer, Manulife Financial, has moved its regional headquarters from Singapore to Hong Kong, the Business Times said yesterday.

The Aceh killing fields

The Aceh killing fields Reports reaching us about the human rights abuses committed in recent years by Armed Forces personnel in Indonesia's westernmost province of Aceh have made us shudder.While precise figures may as yet be lacking, estimates made by independent investigators on the basis of...

Tsunami victims found in Biak

Tsunami victims found in Biak JAYAPURA, Irian Jaya: As many as 33 bodies, victims of the tsunami which hit Aitape in neighboring Papua New Guinea, have washed up on the Biak Timur district coast.Biak Numfor Police chief Lt. Col.

Exim Bank's loans rise 220%

Exim Bank's loans rise 220% TOKYO (Nikkei): The Export-Import Bank of Japan extended a record Y699.2 billion in loans to Southeast Asian nations between January and June, up 220 percent from the same period a year ago, according to The Nihon Keizai Shimbun's Wednesday morning edition.

Antam finds bauxite

Antam finds bauxite JAKARTA (JP): Publicly listed state general mining company PT Aneka Tambang announced yesterday that it had discovered a 2.5- ton bauxite reserve on Bintan island, Riau.The reserve, which is located in the Lomesa area, will enable Aneka Tambang (Antam) to extend its bauxite...

RI 'lacks experts for new bankruptcy law'

RI 'lacks experts for new bankruptcy law' JAKARTA (JP): Indonesia's new bankruptcy law may face difficulties during its first year as the result of a lack of lawyers and accountants qualified to act as receivers and administrators, according to the chairman of a receivers' association.

Imam Utomo elected East Java governor

Imam Utomo elected East Java governor SURABAYA (JP): After a controversial nomination process, Maj. Gen. Imam Utomo Suparno, former chief of the Brawijaya Military Command overseeing East Java, was elected East Java governor yesterday, replacing Basofi Soedirman.

ABRI warmly welcomes S'pore humanitarian aid

ABRI warmly welcomes S'pore humanitarian aid JAKARTA (JP): The Armed Forces (ABRI) said it appreciates Singapore's S$12 million (US$7 million) in humanitarian aid, claiming it is immaterial the assistance was extended nearly a year into Indonesia's severe crisis.ABRI spokesman Maj. Gen.

Flood-swept homes burglarized

Flood-swept homes burglarized SAMARINDA, East Kalimantan: Even in times of suffering, there always seems to be someone trying to take advantage.This is the situation facing victims of a massive flood here, with thieves looting houses from which the occupants had been evacuated.

Seminar on people's wealth

Seminar on people's wealth JAKARTA (JP): The Indonesian Society of Appraisers is to hold a seminar on Aug. 12 on the use of the state's wealth for the benefit of the people.The society's chairman, Karsono Suryowibowo, said yesterday that several ministers, including Minister of Finance Bambang...

BRC to hold int'l event

BRC to hold int'l event PALANGKARAYA, Central Kalimantan: The Borneo Research Council (BRC) will begin a five-day international conference on human resources here Monday.M. Usop, head of the conference's organizing committee, said yesterday that the BRC's fifth conference would focus on sustainable...

Women's group helps scavengers

Women's group helps scavengers JAKARTA (JP): Mrs. Fahmi Idris, the chairwoman of the organization of civil servants' wives at the Ministry of Manpower, appealed to wealthy people yesterday to help scavengers in Bantar Gebang, an area 30 kilometers of east Jakarta.

RI to boost regional trade

RI to boost regional trade KUALA LUMPUR (AP): To reduce its growing trade deficit, Indonesia said yesterday it would trim commerce with richer countries and turn to Southeast Asian markets.Iman Taufik, Indonesia's ambassador to the Association of Southeast Asian Nations, said his crisis-hit country...

U.S., Philippines stage war games

U.S., Philippines stage war games MANILA (AP): U.S. and Philippine warships and aircraft staged live-fire war exercises yesterday near a disputed South China Sea shoal, an act that could trigger protests from China.

Where to go in Surabaya:

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

Manila irked by Greek definition

Manila irked by Greek definition MANILA (Reuters): The Philippines has protested to Greece over the definition of "Filipina" in a Greek dictionary as "housemaid", the Foreign Office said yesterday.Philippine Ambassador Norberto Basilio, in a formal protest to the Greek foreign ministry, said the...

Former political prisoners establish own cooperative

Former political prisoners establish own cooperative JAKARTA (JP): Dozens of former political prisoners have set up their own cooperative in order to get back on their feet financially and seize the social and economic rights which were wrested away from them through being stigmatized.

Legislator calls for probe of alleged CPO smuggling

Legislator calls for probe of alleged CPO smuggling JAKARTA (JP): Legislator Priyo Budi Santoso urged the government yesterday to probe a major palm oil producer, the PT Bukit Kapur Reksa Group, for allegedly smuggling crude palm oil (CPO) and its byproducts.

DPR team denies visiting mass grave

DPR team denies visiting mass grave JAKARTA (JP): Military legislator Lt. Gen. Hari Sabarno denied yesterday that a House of Representatives (DPR) fact-finding team had visited a site in Aceh, locally known as Skulls Hill, reported to have been a torture chamber and mass grave used by the Armed...

Akbar wants Dakab funds to be returned to Golkar

Akbar wants Dakab funds to be returned to Golkar JAKARTA (JP): Golkar chairman Akbar Tandjung said billions of rupiah collected by the Dakab Foundation, established by former president Soeharto, should be returned to Golkar to finance the dominant party's activities.

PIA steward nabbed for smuggling cockatoos

PIA steward nabbed for smuggling cockatoos TANGERANG (JP): A Pakistan International Airlines (PIA) flight attendant has been arrested by Soekarno-Hatta International Airport officers for attempting to smuggle two black cockatoos to Karachi, an official said yesterday.

Evicted residents fight for land

Evicted residents fight for land JAKARTA (JP): Seventy former residents of the now destroyed Siliwangi housing complex in Central Jakarta visited the National Commission on Human Rights yesterday to seek help in regaining their land.

A narrow-minded attitude

A narrow-minded attitude Over eight million harrowed Chinese-Indonesians owe their heartfelt gratitude to Mr. Andreas F. Limin of Medan (Aug. 3), a simple ethnic Chinese who has articulately out-Englished an English-educated academician and has outwitted this anti-Chinese intellectual with a volley...

Lack of stringency?

Lack of stringency? I don't think it is necessary at this time for me to comment on Masli Arman's gibberish (Ethnic Chinese at fault for riots, July 30) since many other readers have already provided an elegant refutation of his arguments.

Swimmers withdrawn from overseas training

Swimmers withdrawn from overseas training JAKARTA (JP): The Indonesian National Swimming Federation has withdrawn 10 swimmers from their overseas training in another sign that the country's sports organizations are feeling the pinch of the prolonged economic crisis.

Eight soldiers implicated in shooting

Eight soldiers implicated in shooting JAYAPURA, Irian Jaya: Eight military officers have been implicated in the fatal shooting of a 22-year-old law student during a free speech forum at Cendrawasih University near here on July 3, the head of a military fact-finding team said.

Jakarta to host tourism mart despite crisis

Jakarta to host tourism mart despite crisis JAKARTA (JP): The government is proceeding with its plan to host its annual international tourism mart next month despite the tourism sector remaining stuck in the doldrums.

CMG Life opens Medan office

CMG Life opens Medan office JAKARTA (JP): Life insurance company PT Astra CMG Life has opened a new marketing office in Medan, North Sumatra, to support its growing services in the provincial capital.The company, a joint venture between the giant Astra Group and Australian-based Colonial Group,...

Subang crash kills seven

Subang crash kills seven BANDUNG: A head-on collision on Tuesday night in Subang, about 50 kilometers north of here, resulted in the death of seven people and many more injured.The accident occurred when an intercity bus, license plate AG 2505 CB, tried to overtake two vehicles but failed to notice...

Spell off power in RI politics

Spell off power in RI politicsBy Ignas Kleden This is the first of two articles on political culture in Indonesia. JAKARTA (JP): The late Indonesian political scientist Dr. Alfian used to describe democracy as a continuous dialectic between consensus and conflict.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 5, 1998: Buying Selling Rp Rp U.S. dollar 1 12,650.00 13,450.00Austrian shilling 1 955.00 1,090.00Australian dollar 1 7,512.00 8,010.00Belgian franc 1 338.00 358.00Canadian dollar 1 8,152.

U.S. wheat moves on RI 'devastating': AWB

U.S. wheat moves on RI 'devastating': AWB SYDNEY (Reuters): The United States was likely to displace Australian wheat from the Indonesian market by placing half a million tons in a short period into a market which would take only four million tons a year, AWB Ltd. chairman Trevor Flugge said.

AAF looking to boost region's automotive supporting industries

AAF looking to boost region's automotive supporting industries JAKARTA (JP): Automotive supporting industries in Southeast Asian are shifting their market focus overseas to offset the decline in car sales in regional domestic markets, the ASEAN Automotive Federation (AAF) has said.

C-C Amatil profit seen flat due to losses in Indonesia

C-C Amatil profit seen flat due to losses in Indonesia SYDNEY (Reuters): Losses in Indonesia and poor results from Europe are expected to force Australian-based soft drink bottler Coca-Cola Amatil Ltd to report a flat or slightly lower first half profit on Thursday.

Where to go in Bali:

Where to go in Bali:Exhibition * Painting Exhibitions, in Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010): Works of Norbert Ivanyi (Hungarian Painter), 12 p.m. to 8 p.m., until Aug. 13. Images of Meditating Figures, by Jerry T, Aug. 17 to Sept. 17.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 5, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 5,000 AHAP Insurance 625 50 1,000 Alter Abadi 475 -25 320,000 Alumindo Light Metal 375 0 0...