Indonesian Political, Business & Finance News

Archive: 26 September 1998

48 articles found

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.

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.

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...

Motorcycle taxi drivers fight to survive despite high risks

Motorcycle taxi drivers fight to survive despite high risksBy 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...

'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.

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.

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.

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.

Morality: A remedy for national afflictions

Morality: A remedy for national afflictionsBy 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.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 25, 1998: Buying Selling Rp Rp U.S. dollar 1 10,675 10,975Australian dollar 1 6,060 6,460Brunei dollar 1 6,075 6,425Swiss franc 1 7,350 7,950Deutschemark 1 6,050 6,600French franc 1 1,670 1,990Poundsterling 1 16,400...

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.

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.

Stock Exchange

Stock ExchangeStock 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...

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...

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...

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.

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.

RI has bred political illiteracy

RI has bred political illiteracyBy 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.

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.

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.

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.

TV today

TV todayTVRI 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)...

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.

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.

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.

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.

Dhani back with new Ahmad Band album

Dhani back with new Ahmad Band albumBy 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).

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.

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.

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.

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...

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...

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.

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...

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.

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.

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.

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.

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...

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.

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.

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.

Fear and loathing from street banners

Fear and loathing from street bannersFrom NeracaBanners 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.

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.

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.

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.

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.

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.