Indonesian Political, Business & Finance News

Archive: 19 September 1998

61 articles found

Rate ceiling for Sept. 21-27

Rate ceiling for Sept. 21-27 Time deposit Maximum rate Maximum rate rupiah deposit (%) U.S. dollar deposit (%)---------------------------------------------------------1-month 66 153-month 61 156-month 49 1512-month 48 1524-month 29 18 Maximum overnight rate for rupiah : 54 percentMaximum overnight...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Javan Hawk-Eagle Exhibition, at The Hall of Japan Cultural Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61-62 South Jakarta (Phone: 5201266), 10 a.m. to 9 p.m., Sept. 19, 9 a.m. to 5 p.m., Sept. 20.

Status of cemetery plot questioned

Status of cemetery plot questioned JAKARTA (JP): A city councilor urged the administration on Friday to clarify the status of a 44-hectare plot of land originally designated to be part of Pondok Ranggon Cemetery in East Jakarta.

Classified ads that bring classified exhilaration

Classified ads that bring classified exhilarationBy Alex Abraham JAKARTA (JP): Much change has been wrought on human lifestyles by the vagaries of the economy. In the west they speak of the roaring sixties, the bubbly nineties. In the east they spoke of the Asian Miracle and the Pacific Century.

Ciledug traders reluctant to move to new market

Ciledug traders reluctant to move to new market JAKARTA (JP): Hundreds of traders whose kiosks in Ciledug market were burned during the May riots have refused to move to a new market built nearby due to the high price of the kiosks there."The kiosks cost Rp 34 million (US$3,090) each.

Job seekers 'must be compensated'

Job seekers 'must be compensated' JAKARTA (JP): A lawyer and a city councilor urged the Ministry of Home Affairs or the city administration on Friday to pay compensation to hundreds of job seekers who were misled by a ministry positions vacant advertisement.

Donations go to provinces

Donations go to provinces JAKARTA (JP): The government is to use Rp 17.66 billion (US$1.6 million) and 250.30 kilogram of gold collected from the public earlier this year to fight poverty in the provinces.

Indonesia set to win Davis Cup zone title

Indonesia set to win Davis Cup zone title JAKARTA (JP): The national men's tennis team will be seeking a victory in its Davis Cup Asia Oceania second play-off in China next week, not only to escape relegation but to keep alive its hopes of playing in the Bangkok Asian Games in December.

Missing persons' relatives set up association

Missing persons' relatives set up association JAKARTA (JP): The relatives of 14 missing persons, mostly activists, set up an association on Friday to provide each other with moral support and to campaign for the eradication of forced disappearances.

Action against hoarding urged

Action against hoarding urged SEMARANG, Central Java: Dozens of local Chinese-Indonesian traders called on the Central Java administration to prosecute traders caught hoarding rice and other basic foodstuffs.

Gusmiati Suid's company opens Art Summit

Gusmiati Suid's company opens Art Summit JAKARTA (JP): At one point, a alu (a rice pestle) is first used as a plaything and later, burned.At another point, water is poured over a woman dressed in a Minang outfit of West Sumatra. Drenched, the woman undresses.

Anwar demands PM Mahathir's resignation

Anwar demands PM Mahathir's resignation KUALA TERENGGANU, Malaysia (Agencies): Ousted deputy premier Anwar Ibrahim called on Prime Minister Mahathir Mohamad on Friday to step down and said his wife would lead his reform movement if he were arrested."Mahathir should resign as prime minister.

Corruption probe may spread to other officials

Corruption probe may spread to other officials JAKARTA (JP): Attorney General Andi Muhammad Ghalib said on Friday that his office could open an investigation of government officials after it looked into the wealth of former president Soeharto.

Corrupt disposition a good breeding ground for anarchy

Corrupt disposition a good breeding ground for anarchyBy Donna K. Woodward JAKARTA (JP): Indonesia may seem ruptured by conflict just now, but the Indonesian people are unified in demanding reform. Reform is not a matter of rhetoric.

Japan's MITI to visit RI

Japan's MITI to visit RI TOKYO (AFP): Japanese International Trade and Industry Minister Kaoru Yosano will visit Indonesia, Malaysia and Singapore next week, the trade ministry said Friday. Yosano would leave Sunday for the three-day tour, a ministry spokesman said.

Eight firms win Bulog's rice tender

Eight firms win Bulog's rice tender JAKARTA (JP): Eight companies have been awarded contracts by the State Logistics Agency (Bulog) to import a total of 526,000 tons of rice between now and December, the government announced on Friday.

Habibie's urgent tasks

Habibie's urgent tasks In times of crisis such as now, the government must move with both firmness and speed. There is no other option for the Habibie government but to finish at least two urgent tasks. First, it must stick to the reform agenda already agreed upon.

Parties call for soft poll rules

Parties call for soft poll rules JAKARTA (JP): Political parties planning to contest next year's general election have welcomed the government's drafts on new political laws but demanded improvements, particularly concerning elections and political parties.

RI urges teamwork to solve fiscal snag

RI urges teamwork to solve fiscal snag UNITED NATIONS (AP): No nation is immune from the economic turmoil that brought down an Indonesian president and prompted some of the worst riots in that country's history, the Indonesian foreign affairs minister said Thursday.

Enlightenment in crisis

Enlightenment in crisis One might wonder what line of reasoning the organizers of Art Summit Indonesia were pursuing when they decided to hold a month- long international event in Jakarta while the country is going around bent double under the worst period of political and economic uncertainty it...

German pianist to play local works

German pianist to play local works JAKARTA (JP): German pianist Hansjrg Koch will play on Sunday the winning pieces of a composition contest for Indonesian artists at the Erasmus Huis, Jl. Rasuna Said, South Jakarta.

MPR committee agrees to limit presidential term

MPR committee agrees to limit presidential term JAKARTA (JP): Ad Hoc Committee I of the People's Consultative Assembly (MPR) agreed on Friday to recommend that a president and vice president can only serve a maximum of two terms, whether consecutively or not.

Global woes weaken most Asian markets

Global woes weaken most Asian markets HONG KONG (AP): Most Asian stock markets ended the week lower Friday on the back of an overnight plunge on Wall Street. Bucking the trend was the Tokyo Stock Exchange, where the key index rebounded after falling to a 12-year low a day earlier.

A federal state for good governance?

A federal state for good governance?By Aleksius Jemadu BANDUNG (JP): There have been heated debates recently on whether a federal system of government could enhance Indonesian national unity. Such a proposal argues that Indonesia is too vast and pluralistic to be governed in a centralized manner.

Rioting in Indorama complex traumatizes expat children

Rioting in Indorama complex traumatizes expat childrenBy M.M.I. Ahyani PURWAKARTA, West Java (JP): A badly battered sedan, with all its windows shattered, stood abandoned in front of the Rama International School, inside the PT Indorama Synthetics company compound.

Gontha questioned over Bank Andromeda scandal

Gontha questioned over Bank Andromeda scandal JAKARTA (JP): Businessman Peter F. Gontha was questioned for nearly 10 hours at the National Police Headquarters on Friday over allegations of loan scandals at his Bank Andromeda, which was closed by the government last November.

Two boys drown in TIM pond

Two boys drown in TIM pond JAKARTA (JP): Two boys drowned in an eight-meter-deep muddy pond at Taman Ismail Marzuki (TIM) arts center in Central Jakarta on Thursday.Witnesses said Yakub Fimansyah and Asep, both 11, together with some of their year six primary school colleagues went for a midday...

S'pore hangs 2 for drug trafficking

S'pore hangs 2 for drug trafficking SINGAPORE (Reuters): Singapore hanged two men on Friday for drug trafficking, a prison official said.Singaporean Loh Kim Cheng, 31, and Malaysian Mohd Ariff Bin Mat Rifin, 39, were sentenced to death for drug trafficking in 1997 and 1996 respectively, the Central...

Asian sugar industry hit by supply surplus, low demand

Asian sugar industry hit by supply surplus, low demand BANGKOK (Dow Jones): Surplus supply and diminished demand, as a result of the widespread economic slump in the region, are set to figure strongly as price influences in the Asian sugar market next year, according to sugar industry experts.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Silverhawks 3:05 TV Drama: Olah Raga 3:30 Science Film: Invention 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in English) 7:00...

Prominent retired officers formally join Megawati's PDI

Prominent retired officers formally join Megawati's PDI JAKARTA (JP): Maj. Gen. (ret) Theo Syafei and Maj. Gen. (ret) Raja Kami Sembiring Meliala led an illustrious pack of former military officers, former Golkar leaders and businessmen who formally joined the Indonesian Democratic Party (PDI)...

Help the poor to solve crisis

Help the poor to solve crisis As a foreigner I would not dare to urge the Indonesian middle and upper class to help the poor in overcoming the effects of the current economic crisis.I rather feel encouraged to address an appeal to those expatriates living in Indonesia who dispose of quite a notable...

Traditional production of cooking oil revived

Traditional production of cooking oil revivedBy Agus Maryono and Ngudi Utomo PURWOKERTO, Central Java (JP): Many people have shed tears during the current economic turmoil as they can no longer afford to buy staple foods and other basic needs.

Seized drugs incinerated

Seized drugs incinerated JAKARTA (JP): East Jakarta Prosecutor's Office has destroyed 66.6 kilograms of dried marijuana, 26.3 grams of heroin, 1,982 Ecstasy pills and 15,411 Nipam pills.The drugs, collected as evidence in cases dating as far back as January 1996, were incinerated in the office...

Cemex close to clinching PT Semen Gresik deal

Cemex close to clinching PT Semen Gresik deal JAKARTA (JP): Mexico's Cemex S.A. de C.V. is set to take a 14 percent stake in state-owned cement manufacturer PT Semen Gresik if no other bidder tops its offer by Sept. 28, according to a senior government official.

Balaraja boy killed in gas fire

Balaraja boy killed in gas fire JAKARTA (JP): A three-year-old boy was killed when a fire destroyed a house also used as a gasoline stand on Jl. Cagak, Balaraja, Tangerang on Friday.The body of the victim, Jeliande, was taken to the Cipto Mangunkusumo General Hospital morgue, while his parents,...

Legacy of Ken Arok lives on

Legacy of Ken Arok lives onBy Aboeprijadi Santoso AMSTERDAM (JP): President B.J. Habibie should be applauded for condemning the May riots and offering an apology in July and in his State of the Nation address in August.

Kuntoro calls on gas industry to be more competitive

Kuntoro calls on gas industry to be more competitive JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Friday the country's natural gas industry needed to review its marketing strategy to address growing competition in the regional market.

Herbalife expands into RI

Herbalife expands into RI PITTSBURGH (Dow Jones): Herbalife International Inc (HERBA) formed a unit to offer its products in Indonesia, bringing to 38 the number of countries in which Herbalife products are available.

Art summit schedule of performances

Art summit schedule of performances Sept. 19-20: Dance, Api Dalam Sekam (Fire in the Chaffs), Gusmiati Suid (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087).Sept. 21-22: Music, Alvin Lucier (USA), Gedung Kesenian Jakarta (GKJ), Jl. Pos No.

RI forex control unlikely

RI forex control unlikely NEW YORK (Dow Jones): Standard & Poor's does not expect Indonesia to move in the immediate future to impose capital controls, the global ratings service announced Thursday.Market speculation about a move by Indonesia surfaced this week following Malaysia's imposition of...

SEA Games consortium agrees debt repayment

SEA Games consortium agrees debt repayment JAKARTA (JP): The 19th Southeast Asian (SEA) Games underwriting consortium will pay its debts over the next two years, starting next month, State Minister of Youth Affairs and Sports Agung Laksono said on Friday.

ASEAN rice reserves may not go to Indonesia

ASEAN rice reserves may not go to Indonesia HANOI (DPA): Emergency rice reserves held by the Association of Southeast Asian Nations (ASEAN) are to be used only as a last resort and cannot be counted on to alleviate near-starvation conditions in Indonesia, an ASEAN official in Vietnam said Friday.

Local firms to get better chance in oil industry

Local firms to get better chance in oil industry JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Friday his office would give local companies a better chance to develop the country's oil and gas reserves.

SE Asian currencies flat as volatility dies

SE Asian currencies flat as volatility dies SINGAPORE (Dow Jones): Southeast Asian currencies finished Asian trading on Friday largely flat against the U.S. dollar at the end of a week notable mainly for an unaccustomed lack of volatility in regional foreign exchange markets at a time when markets...

KL defends move on Singapore jet clearances

KL defends move on Singapore jet clearances KUALA LUMPUR (Agencies): Malaysia defended on Friday its move to end blanket clearance for Singapore military aircraft to enter its air space giving only 24 hours notice of the move.

Manila flooded by 3 days of rain

Manila flooded by 3 days of rain MANILA (AFP): At least 15 percent of Metropolitan Manila was flooded on Friday after almost three days of continuous monsoon rains, the National Disaster Coordinating Council said.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 18, 1998: Buying Selling Rp Rp U.S. dollar 1 10,925 11,275Australian dollar 1 6,300 6,750Brunei dollar 1 6,500 7,000Swiss franc 1 7,550 8,150Deutschemark 1 6,150 6,700French franc 1 1,725 2,045Poundsterling 1 16,700...

Two stabbed in separate incidents

Two stabbed in separate incidents JAKARTA (JP): Two men were stabbed to death in separate incidents on Thursday night and Friday morning.The first victim, Sugianto, 23, an ojek (motorcycle taxi) driver, was killed by two unidentified men on Jl. Kemuning, South Jakarta.

Illegal immigrants face investigation

Illegal immigrants face investigation JAMBI, Jambi: The provincial justice office has started investigating 300 residents of Indian and Arab descent who have allegedly yet to obtain Indonesian nationality, despite having stayed here for decades, Antara reported.

Stocks tumble almost 5% to a six year low

Stocks tumble almost 5% to a six year low JAKARTA (JP): Share prices on the Jakarta Stock Exchange plunged further yesterday with the main price gauge falling to a six-year low.But the rupiah remained stable at the 11,000 level despite the share price plunge.

Safety net project

Safety net project We would like to thank The Jakarta Post for its report on Sept. 14 which mentioned the social safety net programs implemented by our organization, World Vision International- Indonesia.Through this letter, we would like to provide more information to readers about the programs.

Thousands suffering from tuberculosis

Thousands suffering from tuberculosis TULUNGAGUNG, East Java: More than 2,000 residents here have tested positive for tuberculosis (TB), but only a few have had the awareness to seek treatment, Antara reported.

Masseur nabbed for selling marijuana

Masseur nabbed for selling marijuana JAKARTA (JP): Central Jakarta police on Thursday morning arrested a 22-year-old masseur red-handed for selling 3.5 kilograms of dried marijuana to an undercover detective.

Ex-Bantul regent set to face court martial

Ex-Bantul regent set to face court martial YOGYAKARTA (JP): The former regent of Bantul, a colonel implicated in the murder of a journalist, is soon to face a court martial in Jakarta.The commander of the Military Police here, Lt. Col.

Public transport owners warn of bus crew strikes

Public transport owners warn of bus crew strikes JAKARTA (JP): The Jakarta chapter of the Organization of Land Transportation Owners (Organda DKI) urged the central government on Friday to subsidize spare parts for public transportation operators.

Indonesia to sign UN Ocean Charter

Indonesia to sign UN Ocean Charter JAKARTA (JP): Indonesia is to sign the United Nation's Ocean Charter and commit itself to protecting the seas and using the maritime resources at its disposal in a sustainable way.President B.J.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept.18, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 175 -25 5,000 Alumindo Light Metal 225 0 62,000 Alumindo...

Freeport's social commitment

Freeport's social commitment I am writing in response to Mr. Dan Adams' uninformed and outrageous attack on Freeport Indonesia in his letter to The Jakarta Post on Wednesday, Sept. 16.Please, Mr. Adams, show us the facts behind your statement that "the main causes of famine in Irian Jaya is the...

Plan to allow trawlers in local waters delayed

Plan to allow trawlers in local waters delayed JAKARTA (JP): The government has delayed its plan to lift a ban on the operation of trawlers fishing in the country's territorial waters due to resistance from traditional fishermen, a senior official at the Ministry of Agriculture said on Friday.

SIA sets 'Bali Spectacular'

SIA sets 'Bali Spectacular' JAKARTA (JP): Singapore Airlines (SIA) has launched its "Bali Spectacular" program to attract more tourists to the popular tourist destination.The airline announced on Friday that it would invest a total of S$500,000 in its Bali program, which was initially promoted in...