Indonesian Political, Business & Finance News

Archive: 12 September 1998

51 articles found

Son back Soeharto denial of foreign riches

Son back Soeharto denial of foreign riches JAKARTA (JP): Businessman Bambang Trihatmodjo has come to the defense of his father, challenging critics of former president Soeharto to support their allegations of wrongdoings with hard evidence.

SE Asian currencies sidelined as focus shifts

SE Asian currencies sidelined as focus shifts SINGAPORE (Dow Jones): The Singapore dollar moved in line with the sharp fluctuations of the yen against the U.S. dollar Friday, as the greenback swung in a five-yen range in intraday trading.

'Black magic' killings in Madura

'Black magic' killings in Madura SURABAYA: The killings of people accused of having black magic powers may not be what they seem, according to Brawijaya Military Commander Maj. Gen. Djoko Subroto.As quoted by Antara on Friday, he said the cited reasons for the murders of people possessing such...

Stargazing compensates for questionable cuisine

Stargazing compensates for questionable cuisineBy Bruce Emond JAKARTA (JP): Few and far between they may be, but the capital's open spaces are fast becoming a living testament of sorts to Desy Ratnasari's soulful Tenda Biru (Blue Tent).

Combating the corrupt elite

Combating the corrupt eliteBy Teten Masuki JAKARTA (JP): The hurly-burly of the student-led movement against collusion, corruption and nepotism seems to have been sidelined.Now topping the nation's agenda is the establishment of new political parties, the amendment of laws on general elections and...

Pontianak antilooting task forces dissolved

Pontianak antilooting task forces dissolved JAKARTA (JP): The leaders of Madurese and Dayak ethnic groups in Pontianak, West Kalimantan, agreed on Friday to dissolve their respective antilooting task forces just a few days after their establishment because their presence had frightened people and...

Parents of hurt students ponder children's bravery

Parents of hurt students ponder children's bravery JAKARTA (JP): For parents, witnessing their wounded children lying in pain is surely a saddening moment.But their emotions must be mixed when their loved ones are wounded in a daring protest, demanding equality for all.

Three Pakistanis to be deported

Three Pakistanis to be deported JAKARTA (JP): Three Pakistanis are facing deportation by the Central Jakarta immigration office for entering the capital without proper papers, immigration director for the office of control and supervision Zaiman Nurmatias said on Friday.

ABRI to be 'firm' in facing protests

ABRI to be 'firm' in facing protests JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto warned on Friday the military would take repressive measures against street demonstrations which foment public disorder."This is our stance...

Governor urges rectors to help control students

Governor urges rectors to help control students JAKARTA (JP): Governor Sutiyoso called on officials of both state and private universities on Thursday night to urge their students to refrain from participating in demonstrations.

Night spots in Pondok Aren closed

Night spots in Pondok Aren closed TANGERANG (JP): Fourteen night spots in Pondok Aren believed to be used for sex transactions were sealed on Thursday night by a joint military, police and public order office team.

IMF errors may cost lives: Social thinker

IMF errors may cost lives: Social thinker BUENOS AIRES (Reuters): Social thinker Alvin Toffler warns Latin American nations that free markets are not the gospel truth and that International Monetary Fund medicine can costs lives.

Ex-prisoners help young vendors

Ex-prisoners help young vendors JAKARTA (JP): Fifteen former political prisoners jailed during the New Order regime launched a program on Thursday aimed at helping 200 children and adolescents working as street vendors in the city.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Sept. 11, 1998: Buying Selling Rp Rp U.S. dollar 1 11,600.00 12,100.00Austrian shilling 1 936.00 1,054.00Australian dollar 1 6,902.00 7,236.00Belgian franc 1 332.00 345.00Canadian dollar 1 7,652.

Govt to expand subsidized-rice scheme for the poor

Govt to expand subsidized-rice scheme for the poor JAKARTA (JP): The government is to expand its scheme to provide the poor with heavily-subsidized rice to cover at least 7.5 million families from next month and will work to ensure the price of the commodity falls, according to the latest agreement...

Art summit offers respite from crisis

Art summit offers respite from crisis JAKARTA (JP): Forget the crisis. Forget the weakening rupiah and the soaring prices of rice and other basic commodities. The time is approaching to indulge yourself with prime performing arts.

PM Mahathir denounced as Anwar leaves home

PM Mahathir denounced as Anwar leaves home KUALA LUMPUR (Reuters): To cries of "Down with Mahathir!", Malaysia's sacked finance minister Anwar Ibrahim on Friday addressed several thousand cheering supporters outside a mosque in the heart of the capital.

Paku Alam VIII dies at 88

Paku Alam VIII dies at 88 JAKARTA (JP): Sri Paku Alam VIII, Yogyakarta's traditional monarch and acting governor, died of old age at Sardjito General Hospital in Yogyakarta on Friday. He was 88.Paku Alam died shortly after 5 p.m.

Student groups want ABRI to quit politics

Student groups want ABRI to quit politics YOGYAKARTA (JP): The Armed Forces (ABRI) must quit politics or democracy will never develop, 18 student groups declared here on Friday.They demanded in a demonstration the abolition of the Armed Forces' dual function -- a 40-year-old concept that justifies...

Local market jittery over new riot fears

Local market jittery over new riot fears JAKARTA (JP): High anxiety reigned in the local financial market on Friday due to rumblings of renewed rioting and weak regional sentiment.Currency dealers said the rupiah dived to an intraday low of 12,000 against the U.S.

Local celebrities enjoy robust business in sidewalk cafes

Local celebrities enjoy robust business in sidewalk cafesText and photos by Arief Suhardiman JAKARTA (JP): "Can I take a picture with you?" a child asked Kiki Fatmala, an Indonesian starlet who owns a sidewalk cafe in the National Monument (Monas) area of Central Jakarta.

PDAM Jaya sued over cooperation project

PDAM Jaya sued over cooperation project JAKARTA (JP): Seventeen lawyers filed a lawsuit against city governor Sutiyoso, the city-owned water management firm PDAM Jaya and nine other parties over a cooperative agreement on water management at Central Jakarta District Court on Friday.

RI needs Rp 330b to help school children

RI needs Rp 330b to help school childrenBy Joko Sarwono BOGOR, West Java (JP): Indonesia needs a staggering Rp 330 billion ($29 million) to prevent around eight million children from dropping out of school, a senior official of the National Development Planning Board has said.

'Wild' billboards to be taken down

'Wild' billboards to be taken down JAKARTA (JP): The City Revenue Agency plans to take down all unlicensed advertisement billboards and banners in and around the capital beginning on Monday, an official has said.

Armed Forces 'big family' told to preserve unity

Armed Forces 'big family' told to preserve unity JAKARTA (JP): The chief patron of the Armed Forces "Big Family" (KBA), Gen. Wiranto, called on the military and its related organizations to preserve unity on Friday.

Petroz buys RI gas assets

Petroz buys RI gas assets BRISBANE (Dow Jones): Petroz NL, an Australian oil and gas producer, Friday said it has bought Apache Corp.'s 39 percent stake in an Indonesian gas field.Petroz has acquired an interest in the Bentu and Korinci-Baru areas in Sumatra, Indonesia, which is its first foray...

Sutiyoso to fire Dolog Jaya chief for mismanagement

Sutiyoso to fire Dolog Jaya chief for mismanagement JAKARTA (JP): Governor Sutiyoso said on Friday that the head of the city's logistics agency (Dolog Jaya), Ahmad Zawawi, would soon be relieved of his post to help speed up the police's investigation into his alleged involvement in illegal rice...

Four hospitals to get free medical supplies

Four hospitals to get free medical supplies JAKARTA (JP): Four major state hospitals in the country are to get free medical supplies donated by private businesses in the United States, it was announced on Friday.The relief valued at US$1.

Fire destroys hundreds of shops in Senen

Fire destroys hundreds of shops in Senen JAKARTA (JP): A fire that started on Thursday night and burned for more than 15 hours has gutted hundreds of shops in the basement of the three-story Senen shopping center in Central Jakarta.At 3 p.m.

Moslem scholars urged to help with crisis

Moslem scholars urged to help with crisis JAKARTA (JP): President B.J. Habibie called on Moslem scholars and scientists on Friday to work hand in hand to find ways to help the country combat poverty and social conflict.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Indonesian Designers' Exhibition and Fashion Show: Hotel Mulia Senayan, Jl. Asia Afrika, Senayan, Central Jakarta (Phone: 5747777), 10 a.m. to 10 p.m., until Sept. 13. * Painting Exhibition: by Five Indonesian Painters, Gallery Room, at Crowne Plaza Hotel, Jl.

Public accountants may audit BI

Public accountants may audit BI JAKARTA (JP): Minister of Finance Bambang Subianto gave the preliminary nod on Friday to allowing public accountants to audit Bank Indonesia in the effort to create a more transparent banking system.

Unocal to develop RI's first deepwater oil and gas field

Unocal to develop RI's first deepwater oil and gas field JAKARTA (JP): Unocal Indonesia Co, a unit of Unocal Corp, plans to develop the country's first deepwater oil and gas discovery off the coast of East Kalimantan by 2001.Company president Timothy C.

Chrisye wins 'MTV' Asia Viewer's Choice award

Chrisye wins 'MTV' Asia Viewer's Choice award JAKARTA (JP): Chrisye won the Asia Viewer's Choice award on Thursday at the MTV Asia's MTV Video Music Awards 1998 for his latest hit song, Kala Cinta Menggoda (Time When Love Disturbs).

Correcting history

Correcting history The police wasted no time in investigating a claim that former president Sukarno signed the Supersemar document almost at gunpoint. As we recall, Supersemar, the executive order signed on March 11, 1966, supposedly empowered Maj. Gen.

A worthwhile exhibition gets scant attention

A worthwhile exhibition gets scant attentionBy Rita A. Widiadana JAKARTA (JP): People are invited to discover Indonesia's rich heritage through an art exhibition at the National Museum called East Meets West.

Real estate complexes offer a home of one's own

Real estate complexes offer a home of one's own The monetary crisis has put paid to many dreams for the country's middle class and for those who had finally begun to carve out a better quality of life for themselves.

RI to send team to youth tourney

RI to send team to youth tourney JAKARTA (JP): Four chess players who teamed up to win the 17th Merdeka Cup junior championship in Malaysia will represent Indonesia in the World Youth Chess Championship in Spain in October.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 11, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 0 42,500 Alumindo Light Metal 175 0 0 Alumindo Perkasa...

A fair general election essential

A fair general election essential The general election which will be held around the middle of May next year won't be like any other so far held in the country. It certainly won't be like any of the six we experienced under the New Order regime.

MPR, don't waste time

MPR, don't waste time As a graduate of the constitutional law department, School of Law, University of Indonesia, Depok, Jakarta, I am surprised to find that there are so many draft decrees which the People's Consultative Assembly (MPR) Working Committee will discuss (Kompas Sept. 2, 1998).

ASEAN will continue to promote peace

ASEAN will continue to promote peace JAKARTA (JP): The Association of Southeast Asian Nations (ASEAN) will continue to promote international peace and security through regional cooperation in all fields, according to Indonesian Minister of Foreign Affairs Ali Alatas.

AG vows to hunt state assets stashed abroad

AG vows to hunt state assets stashed abroad JAKARTA (JP): Attorney General Andi Muhammad Ghalib pledged on Friday to hunt state assets which were allegedly stashed overseas during the 32-year rule of former president Soeharto.

Government to maintain current monetary policy

Government to maintain current monetary policy JAKARTA (JP): The government affirmed on Friday it would continue its high interest rate policy with the aim to ensure the quick reduction of inflation and the strengthening of the rupiah.

Indonesian soccer jolted by international game suspension

Indonesian soccer jolted by international game suspension JAKARTA (JP): The All Indonesian Soccer Federation expressed shock on Friday at news of the country's suspension from international play because of a farcical game at the Tiger Cup in Vietnam last week.

Essa Indah warned over alleged logging abuses

Essa Indah warned over alleged logging abuses JAKARTA (JP): Minister of Forestry and Plantations Muslimin Nasution threatened on Friday to revoke PT Essa Indah Timber's logging rights to its forest concession in Bengkalis, Riau, for allegedly violating contract terms.

'Freedom of expression' rule goes to House

'Freedom of expression' rule goes to House JAKARTA (JP): Minister of Justice Muladi said on Friday it would be "no problem" if legislators decided to reject a proposed government regulation placing restrictions on demonstrations in lieu of a law on freedom of expression "as long as the reasons were...

Threats to stability

Threats to stability Fresh clashes between Indonesian riot police and student protesters in Jakarta invite comparison with the clashes that helped bring down former president Soeharto in May. Indeed, one student has termed this latest campaign as "round two" in the continuing struggle to rid...

South Kalimantan river basin critical

South Kalimantan river basin critical BANJARMASIN, South Kalimantan: Most of the river basin and water catchment areas in South Kalimantan are in critical condition and will seriously hinder flood prevention.

Seat belt and helmet

Seat belt and helmet As an Indonesian citizen, I find it very distressful that regulations are not strictly implemented. The government can mandate a law on seat belts but does nothing against motorcyclists who carry their innocent children without helmets.

Gulf's Natuna production

Gulf's Natuna production JAKARTA (JP): Gulf Indonesia, a production sharing contractor of state oil and gas company Pertamina, will start production at its two oil fields in the Natuna island chain in the fourth quarter of the year.