Indonesian Political, Business & Finance News

Archive: 26 September 1998

48 articles found

LG Electronic sues local partner over unpaid debt

LG Electronic sues local partner over unpaid debt JAKARTA (JP): South Korea's LG Electronic Inc. has filed a bankruptcy claim against its Indonesian partner, LG Bangunindo Electronic, in the Jakarta Commercial Court. According to court data, the plaintiff is seeking the repayment of US$1.47 million owed by LG Bangunindo, which produces water pumps. A court official said on Friday the request was filed on Sept. 22, with the first hearing scheduled for Sept. 30.

Fixing our banking problems

Fixing our banking problems With the surrender of the majority of assets, including shares, owned by ailing banks, the government has become their majority shareholder, which means it must meet those banks' obligations to third parties. Meeting those rights and obligations, however, is not an easy task.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Silverhawks 3:05 TV Drama: Perjuangan 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 Evening News 7:35 Saturday Night Music 8:00 News: Lintasan Berita 8:05 Saturday Night Music (contd.) 8:30 Entertainment News: Majalah Udara 9:00 World News 9:35 Quiz: Berpacu Dalam Melodi 10:30...

Why retired officers joining opposition ranks?

Why retired officers joining opposition ranks? By Aleksius Jemadu BANDUNG (JP): Some people were taken aback recently when several retired officers joined government critic Megawati Soekarnoputri's camp of the deeply splintered Indonesian Democratic Party (PDI). Among the officers are Maj. Gen. (ret) Theo Syafei, a former Udayana regional commander and former legislator from the military faction in the House of Representatives (DPR), and Maj. Gen. (ret) R.K.

Profit-taking hits Asian stock markets

Profit-taking hits Asian stock markets TOKYO (AFP): Asian bourses fell Friday as fretful investors quickly pocketed profits ahead of the week-end and began the wait for a U.S. interest-rate cut in the week ahead. Japanese share prices tumbled 3.4 percent, Hong Kong fell 1.7 percent, Sydney dipped 2.0 percent, Singapore closed 0.9 percent lower, Seoul fell dropped 2.2 percent and Jakarta retreated 2.5 percent. Other regional bourses ended marginally lower.

Police records 69 riots between May and August

Police records 69 riots between May and August JAKARTA (JP): The police recorded 69 cases of unrest across the country between May and August during which officers arrested 4,828 people, National Police chief Lt. Gen. Roesmanhadi said on Friday.

RI has bred political illiteracy

RI has bred political illiteracy By Riyadi Santosa SURAKARTA (JP): Chaedar Alwasilah's article "Language Education builds critical thinking" (The Jakarta Post, Monday, Aug. 3, 1988), prompts me to write on the need for political literacy for bureaucrats, politicians and the general pubic.

House urged to form transitional government

House urged to form transitional government JAKARTA (JP): An association of 167 pro-democracy organizations urged the People's Consultative Assembly (MPR) on Friday to use its planned special session in November to create a transitional government to replace President B.J. Habibie's administration.

Expats may opt out of insurance scheme

Expats may opt out of insurance scheme JAKARTA (JP): More than 47,000 expatriates working in Indonesia will no longer be obliged to participate in the social security program since they have been insured in their respective countries. Director General of Labor Placement Din Syamsuddin said that the government would no longer enforce the 1995 ministerial decree which makes the social security program compulsory for foreign workers.

Australia helps fight to erase tuberculosis

Australia helps fight to erase tuberculosis JAKARTA (JP): East Timor and East Nusa Tenggara are to receive A$4.6 million (US$2.7 million) in health aid from Australia to help fight tuberculosis. The provinces have among the highest rates of tuberculosis in the country, with 700 out of every 100,000 people affected, according to Loekman Hakim Siregar, the head of the Ministry of Health's tuberculosis control division.

Maternity mortality rates declining

Maternity mortality rates declining JAKARTA (JP): Maternity mortality rates have declined to 295 per 100,000 births, Minister of Health Faried Anfasa Moeloek said on Friday. "This achievement is closely tied to the success of the family planning program and the midwife profession," the minister said when opening the 12th congress of the Indonesian Midwives Association in Sanur, Bali.

ICRC to help Aceh victims

ICRC to help Aceh victims BANDA ACEH, Aceh: The International Committee for the Red Cross (ICRC) plans to send relief aid to Aceh in the near future for the families of victims of atrocities occurring over a decade of military operations in the province, a spokesman has said. The aid would consist of basic foodstuffs, agricultural equipment, sewing machines and books, said Soesanto, the secretary-general of the Indonesian Red Cross (PMI), on Thursday.

Another stone war in Manggarai

Another stone war in Manggarai JAKARTA (JP): Another stone war erupted between two groups of local residents near Manggarai railroad station in South Jakarta in the early hours of Friday. The clash involved youths living in separate community units in the one neighborhood, Antara reported. Erupted at 1 a.m. after the two groups had mocked each other for some time, the battle ended only after police officers arrived at 1:30 a.m. to calm the situation.

Tourism mart expected to make $1.27m in deals

Tourism mart expected to make $1.27m in deals JAKARTA (JP): The fifth annual Tourism Indonesia Mart ends today and is expected to result in US$1.27 million worth of deals made between local tourist-related businesses and their foreign counterparts, the organizing committee said on Friday. The committee's chairman, Wuryastuti Sunario, said this would be a big drop from the deals worth $8.7 million concluded last year.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 25, 1998: Buying Selling Rp Rp U.S.

Morality: A remedy for national afflictions

Morality: A remedy for national afflictions By Kasdin Sihotang JAKARTA (JP): The mid-May riots and lootings were manifestations of a moral decadence in this country. People did not uphold ethical values like justice, responsibility and good conduct and respect toward the rights and lives of others. The cultures of homo homini lupus and Machiavellianism are rife and have been put to work to further individuals' and groups' interests.

Due diligence audit on 56 banks completed: BI

Due diligence audit on 56 banks completed: BI JAKARTA (JP): A due diligence audit of the financial status of 56 commercial banks has been completed, part of the central bank's target to examine all of the country's more than 200 institutions by the end of October. Bank Indonesia director Soebardjo Djojosoemarto said on Friday the financial authority believed the October deadline could be met even though only a quarter of the banks had been audited.

Liberian beaten over fish dish

Liberian beaten over fish dish JAKARTA (JP): Angry residents of Jl. Jaksa, the Central Jakarta street famed for hotels popular among backpackers, beat up a Liberian in the early hours of Friday after the latter allegedly refused to pay for a dish he had ordered at a restaurant, a report said.

No plans to lower CPO export taxes soon: Rahardi

No plans to lower CPO export taxes soon: Rahardi JAKARTA (JP): The government has no immediate plan to reduce export taxes on crude palm oil (CPO) and its derivatives despite a drop in cooking oil prices on the domestic market in recent weeks. Minister of Trade and Industry Rahardi Ramelan acknowledged on Friday that prices were lower, but he said it was not sufficient to affect the application of taxes.

'TVRI' news

'TVRI' news TVRI telecasts news in English everyday at 6:30 p.m. The news is widely viewed by the expatriate community, visiting foreigners and a section of the local community with an interest, despite the existence of several international news channels such as CNN, CNBC, BBC etc. For the benefit of viewers and to increase the number of viewers of "TVRI News" I suggest those in charge do the following: 1. Increase the frequency of the news. Introduce morning news around 6:30 - 7 a.m.

Motorcycle taxi drivers fight to survive despite high risks

Motorcycle taxi drivers fight to survive despite high risks By Ivy Susanti JAKARTA (JP): Have you had problems getting transportation in remote areas not reachable by public transportation vehicles? Or been in a hurry in the middle of the city, but become trapped in a heavy traffic jam? It is in situations like these that ojek (motorcycle taxis) usually come in handy as a means of alternative transportation.

Senayan venues to be let for free

Senayan venues to be let for free JAKARTA (JP): The Gelora Senayan Management Board has decided to allow sports organizations to use its venues in the Senayan sports complex for free. State Minister of Youth Affairs and Sports Agung Laksono told reporters on Friday that a board meeting on Thursday night concluded that national athletes should be given top priority to practice and play in the complex's facilities.

Rupiah-paid expatriates

Rupiah-paid expatriates The well-meaning Mrs. Hilda May has done a great many expatriates, including myself, a disservice in her letter "Help the poor to solve crisis" of Sept. 19. I ignore the faint odor of patronizing neocolonialism that clings to her letter. However, I cannot pass over the dangerous assumption she makes that all foreigners working in Indonesia are earning a salary paid in a foreign currency. This is by no means always the case.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 25, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 225 25 79,500 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 125 0 0 Aneka Tambang 1,225 -50 6,543,000 Anwar Sierad 75 0 53,500 Apac Centertex Corp.

Flood inundates paddy fields

Flood inundates paddy fields CILACAP, Central Java: Three days of incessant rain resulted in flooding in four subdistricts here on Friday, inundating thousands of hectares of newly planted paddy fields. The subdistricts covered in 50 cm of water were Adikala, Kroya, Kawungenten and Sidareja. Priyono, a staff member at the Kroya subdistrict office, said the worst-hit area was Sikampuh village. The village almost always flooded during the rainy season, he said.

Art summit schedule of performances

Art summit schedule of performances Sept. 25-26: Theater, The Wedding on the Field, Yukio Waguri (Japan), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087). Sept. 26-27: Music, Tony Prabowo (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892). Sept. 29-30: Theater, Suku Naga (Dragon Tribe), Bengkel Teater Rendra (Indonesia), TIM. Oct. 1-2: Ballet, Also Egmont, Bitte. Frauenballett, Bremer Tanztheater (Germany), GKJ. Oct.

W. Sumatra fears more dropouts

W. Sumatra fears more dropouts PADANG, West Sumatra: The West Sumatra administration has handed out 20,994 scholarships to needy students to date, but reports that at least 49,234 more children need help to stay in school. The head of the province's education and culture office, Basir AS, told a gathering held by the Migrants' Social Movement (GSOR) here that thousands of students may have to discontinue their education because of the crisis.

New open sky policy won't hurt local carriers, says INACA

New open sky policy won't hurt local carriers, says INACA JAKARTA (JP): The Indonesian National Air Carriers Association (INACA) said on Friday that the government's plan to allow foreign airlines to enter all parts of the country from their home base would not harm local carriers. INACA's chairman Soelarto Hadisoemarto said anyway not all the country's airports had the facilities to safely receive large airplanes of the type normally operated by foreign carriers.

Youths call for nightspot closure

Youths call for nightspot closure JAKARTA (JP): Around 150 students grouped in the Pemuda Pancasila youth organization have urged city councilors to immediately close all entertainment spots here that are allegedly used for drug transactions and prostitution. The youths, who said they were members of the Pemuda Pancasila's Students and College Students Union, submitted their demands during a noisy but peaceful rally at the City Council office on Thursday.

Fear and loathing from street banners

Fear and loathing from street banners From Neraca Banners with political messages have been popping up of late on main streets, places of worship and at other places. They are a stain on the city's scenery and they cause a great amount of stress to the beholder. I do not understand the purpose of the war of banners and their messages. I remember there was a similar situation shortly before Pak Harto stepped down. The banners said the community should not to vilify Soeharto.

Military to clamp down on inciteful opinions

Military to clamp down on inciteful opinions JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman said on Friday that he was not against different opinions being voiced in rallies, but that he would not tolerate any opinion which sowed insecurity among the public. "We are responsible for maintaining security in the city," Djadja said after opening a joint sports event held by the command to mark its reconciliation with students in the city.

World Bank's silent collusion

World Bank's silent collusion Dennis de Tray's response to Jeffrey Winters' comments on the World Bank's silent collusion with their sponsor's (Soeharto's) corrupt regime, skirts Winters' challenge altogether. Failing to address Mr. Winters' points of argument, de Tray instead answers an argument that Winters never made. Mr. Winters never said that the World Bank programs did no good at all in Indonesia; but this is the issue Mr. de Tray hastened to debate.

Observers and students dismiss communism threat

Observers and students dismiss communism threat JAKARTA (JP): Political observers and students alike dismissed on Friday the recent warning by Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto that the recent flurry of street rallies smacked of security-disturbing communist maneuvers.

Troops withdrawn from E. Timor have not been replaced: ABRI

Troops withdrawn from E. Timor have not been replaced: ABRI DILI, East Timor (JP): East Timor Military Commander Col. Tono Suratman bore witness on Thursday evening that, contrary to recent media reports, there has been no deployment of new troops in the province to replace 1,400 combat troops withdrawn in August. Tono challenged both national and foreign journalists to visit the territory and prove the reported new deployment.

Farmers protest over land in Semarang

Farmers protest over land in Semarang SEMARANG (JP): Around 150 farmers staged a demonstration at the provincial legislature office here on Friday to demand that the government return land which they claim was taken from them arbitrarily. The farmers came from the Central Java regencies of Bantang and Kendal. "We just want the land which we tilled for years to be given back to us so we can grow crops to feed our families during the crisis," the farmers' leader Sanuri said.

Stocks down 2.4 percent but rupiah creeps higher

Stocks down 2.4 percent but rupiah creeps higher JAKARTA (JP): Shares prices on the Jakarta Stock Exchange (JSX) declined 2.4 percent on Friday due to bearishness in the regional market and profit taking by most investors on gains made in the last three trading days. But the rupiah strengthened against the U.S. dollar, closing slightly firmer at 10,950 on Friday compared to Thursday's close of 10,975.

New Jakarta Ensemble to perform rare quality concert

New Jakarta Ensemble to perform rare quality concert JAKARTA (JP): Tony Prabowo and the New Jakarta Ensemble will tantalize local music lovers with a rare concert held at Gedung Kesenian Jakarta on Saturday and Sunday night. The music of Tony Prabowo has been hardly heard of in Indonesia, despite the fact that he is currently regarded as one of the country's most prominent contemporary composers whose works have been performed throughout the world.

Rapid reaction units hailed

Rapid reaction units hailed JAKARTA (JP): The Jakarta Military Command has warmly welcomed the establishment of rapid reaction units by both teachers and students at traditional Moslem schools to safeguard security. Brig. Gen. Ahmad Yahya, chief of staff of the Jakarta Garrison, made the statement on Thursday at the inauguration of 5,000 teachers and students from traditional Moslem schools throughout Bekasi as members of the units.

30,000-strong security team created

30,000-strong security team created JAKARTA (JP): A new 30,000-strong security team culled from ranks of the city's security personnel will assist in guarding against renewed outbreaks of unrest. Making its debut in a public parade on Friday, the team consists of officers and staff members of all of the capital's security-related units, including the fire department, civilian defense office, public order office, land transportation agency and health agency.

U.S. investor eyes Buton asphalt reserve

U.S. investor eyes Buton asphalt reserve JAKARTA (JP): A U.S. investor has signed an agreement with local firm PT Eka Karma to cooperate on developing natural asphalt resources on Buton island, Southeast Sulawesi, the province's governor said on Friday. La Ode Kaimoeddin said in the provincial capital of Kendari the product would be exported to the United States for infrastructure projects.

Mining sector dives amid economic woes

Mining sector dives amid economic woes JAKARTA (JP): New foreign investment in the country's mining sector has plummeted this year, but activities of existing contract holders are expected to significantly increase over the next five years, Minister of Mines and Energy Kuntoro Mangkusubroto has said.

Govt wants Megawati's to move congress site

Govt wants Megawati's to move congress site JAKARTA (JP): While the police have yet to issue a permit for a congress planned by the faction of the Indonesian Democratic Party (PDI) loyal to ousted leader Megawati Soekarnoputri, the government has begun to bargain with organizers to move the meeting out of Bali.

Opposition chiefs leave Cambodia after arrests

Opposition chiefs leave Cambodia after arrests PHNOM PENH (Agencies): Cambodian opposition leaders Prince Norodom Ranariddh and Sam Rainsy abruptly left the country on Friday after the arrest of eight people in connection with a fatal explosion the previous day ahead of the opening of Parliament. Another opposition leader, Kem Sokha, was in hiding on Friday, claiming police had surrounded his house in Phnom Penh.

Regional monies up on U.S. rate cut hope

Regional monies up on U.S. rate cut hope SINGAPORE (Dow Jones): Mounting conviction that the U.S. Federal Reserve will cut interest rates in the coming week triggered a surge in Southeast Asian currencies Friday, with most traders and analysts predicting fresh gains when trading reopens Monday. The baht led the rush, soaring to its highest level in four months, as regional currencies across Asia rallied against the U.S. dollar.

U-Lane to buy PAL jets

U-Lane to buy PAL jets TAIPEI (DPA): Taiwan's U-Lane Airlines plans to take over some of the business of the closed Philippine Airlines (PAL) through its joint venture airline in the Philippines, the company said Friday. U-Lane said it plans to buy 10 wide-body Boeing passenger jets to lease to Air Philippines to service Asian, European and American destinations, including the Manila-Taipei route.

Dhani back with new Ahmad Band album

Dhani back with new Ahmad Band album By Helly Minarti JAKARTA (JP): In this newfound era of political change, it seems everybody has their own hero. Rock musicians are no exception. It is reflected in the cover of Ahmad Band's debut album, Ideologi, Sikap, Otak (Ideology, Attitude, Brain). Dhani Ahmad Manaf -- the band's founder, frontman and composer -- poses in Sukarnoesque style, complete with peci (national cap) and khaki safari jacket. "Yes, I worship him as a hero," nodded Dhani, 26.

Indonesia on brink of Davis Cup abyss

Indonesia on brink of Davis Cup abyss JAKARTA (JP): China sent visiting Indonesia to the verge of the tennis wilderness after sweeping the first two singles matches in their Davis Cup Asia Oceania second playoff in Yan Jin City on Friday. Drama ran high during the crucial match between two of Asia's former tennis powers when Indonesia's second singles player Feby Widhiyanto lost to Chinese number one Zhang Yu in a marathon five setter. Both players were treated for cramp during the match.

Soeharto authorizes prosecutors' probe

Soeharto authorizes prosecutors' probe JAKARTA (JP): Former president Soeharto went to the Attorney General's Office on Friday, "not for investigation" according to the government, but to submit draft letters granting permission to open any bank accounts bearing his name both here and overseas.