Indonesian Political, Business & Finance News

Archive: 4 September 1998

55 articles found

Bob Hasan vows to repay Rp 2t he received from BI

Bob Hasan vows to repay Rp 2t he received from BI JAKARTA (JP): Tycoon Mohammad "Bob" Hasan has promised that his PT Bank Umum Nasional, whose operations were suspended last month, will repay the Rp 2 trillion received in liquidity credit from the central bank.

Telecom tariff rise postponed until next year

Telecom tariff rise postponed until next year JAKARTA (JP): Plans to raise the country's domestic telecommunications tariffs by October will be delayed until next year due to the devastating impact of the economic crisis on the people, a senior government official said.

Ministers at odds on Soeharto kin contracts review

Ministers at odds on Soeharto kin contracts review JAKARTA (JP): Two ministers sent out mixed signals on Thursday concerning the government's progress in reviewing the slew of business contracts signed with children of former president Soeharto and his longtime associate Mohamad "Bob" Hasan.

Youth activists protest Wiranto's statement

Youth activists protest Wiranto's statement JAKARTA (JP): Youth activists on Thursday protested the recent statement of Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto in which he branded certain groups as being opposed to the state ideology Pancasila.

Fire Agency gets more familiar with lingering problems

Fire Agency gets more familiar with lingering problems JAKARTA (JP): The city's fire chief, Suharso, expressed concern on Thursday over the poor condition and lack of agency equipment.Fire units had been suffering from a shortage of essential equipment since before the economic crisis started...

Housewife hangs herself in closet

Housewife hangs herself in closet JAKARTA (JP): A housewife hanged herself in a cupboard in South Jakarta on Wednesday, apparently after hearing reports that her second husband wanted to marry a daughter from her first marriage.

Three raped migrant workers seek justice

Three raped migrant workers seek justice JAKARTA (JP): Three domestic workers recently employed in Saudi Arabia have complained to Ministry of Manpower officials that they had been raped by their employers, a ministry official has said.

Net international reserves falls to US$ 13.51 billion

Net international reserves falls to US$ 13.51 billion JAKARTA (JP): Bank Indonesia's (BI) net international reserves declined by US$190.7 million to $13.51 billion in the week ending Aug. 31 from the previous week's level of $13.70 billion.

Honda controls RI venture

Honda controls RI venture TOKYO (AFP): Japan's Honda Motor Co. Ltd. has taken majority control of its joint ventures in Indonesia and Peru as part of its plan to expand operation overseas, a company spokesman said Thursday.

Prisoners still on hunger strike

Prisoners still on hunger strike DILI, East Timor (JP): Fourteen political prisoners and detainees entered the fourth day of their hunger strike on Thursday at the Becora jail here.The fourteen, who began the strike on Aug. 31, are among the 22 political prisoners and detainees held here.

Cemex SA wants Gresik stake

Cemex SA wants Gresik stake MONTERRY, Mexico (Bloomberg): Mexico's Cemex SA said Wednesday it is still interested in a stake in cement maker PT Semen Gresik if authorities give the world's third-largest cement maker a management role in the state-owned company.

Five years hard work pays off for Capella Amadeus

Five years hard work pays off for Capella AmadeusBy Gus Kairupan JAKARTA (JP): Seems like only yesterday that a group of nine string players, known as Capella Amadeus, made its debut at Erasmus Huis. The performance five years ago, a realization of leader violinist Grace Sudargo's ideals, had all...

Supriati leads RI's charges

Supriati leads RI's charges JAKARTA (JP): Women's middle-distance runner Supriati Sutono will lead a six-strong Indonesian team to the Nike 60th Singapore Open Track and Field Championships on Sept. 5 and Sept. 6.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Kabut di Rumah Betang, by Melki Lesmana, at Galeri Cipta III, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta, 10 a.m. to 9 p.m., Sept. 4-7. * Painting Exhibition: by A. Sibarani and Tarigan, Galeri Cipta II, Jl. Cikini Raya No.

Mangunwijaya: Indonesian political opposition must improve

Mangunwijaya: Indonesian political opposition must improve YOGYAKARTA (JP): Many have voiced criticism against the new government but none are using appropriate ethics for political opposition.Social activist and novelist Y.B.

Bogor mayor warns of starvation

Bogor mayor warns of starvation BOGOR (JP): Bogor Mayor Eddy Gunardi underlined the importance of paying more attention to the possibility of starvation in the city on Wednesday.Speaking at a ceremony to appoint 18 new village heads for the 1998/2006 term at the mayoralty office, Eddy urged all...

Reporters beat up intelligence officer

Reporters beat up intelligence officer JAKARTA (JP): An intelligence officer was beaten up on Thursday by a group of angry reporters and photographers for blocking and pulling the collars of some of their colleagues when they tried to interview former president Soeharto's golfing buddy Mohamad...

Mines found in S. Sulawesi

Mines found in S. Sulawesi SURABAYA: In an operation to hunt mines left over from World War II, the Navy has reportedly found 278 contact devices for submarine mines in the Tanakeke waters in the Galengsong Selatan district, Takalar regency in South Sulawesi.

Bambang questioned in bank scam

Bambang questioned in bank scam JAKARTA (JP): Bambang Trihatmodjo, a son of former president Soeharto, was questioned by police on Thursday night over allegations of a scam at his Bank Andromeda, which was closed down by the government last November for mismanagement.

Charity tournament raises Rp 84m

Charity tournament raises Rp 84m JAKARTA (JP): A charity golf tournament jointly organized by international air express company DHL Worldwide Express and Planet Hollywood Jakarta raised Rp 84.325 million on Thursday.

Australian investors vow to stay in Indonesia

Australian investors vow to stay in Indonesia JAKARTA (JP): Most of the Australian businesses operating in Indonesia have vowed to stay in the country in the long-term, despite current uncertainty, an executive of the Australian Industry Group said here on Thursday.

Mysterious silence

Mysterious silence The situation in Lhokseumawe, Aceh, has returned to normal following unrest there earlier this week. The rioting and looting, which broke out shortly after a second batch of combat troops withdrew from the province on Monday, continued through Tuesday.

Owls to fight pestilential rats

Owls to fight pestilential rats CIREBON, West Java: Owls have been deployed to get rid of rats which have infested 800 hectares of farmland near here. The head of the Plantation Agency, Komar, said on Thursday that the 16 barn owls (tyto alba) were ideal to kill the rats.

Sacked Anwar says he will fight charges

Sacked Anwar says he will fight charges KUALA LUMPUR (AP): Malaysia's sacked deputy prime minister said Thursday he had been framed in a "larger political conspiracy" and vowed to fight all charges against him.

Motocross to lure 100 riders

Motocross to lure 100 riders JAKARTA (JP): Some 100 riders are expected to enter the fifth leg of the national motocross championship series at the Kota Hijau Sepinggan circuit in Balikpapan, East Kalimantan, this weekend.

Student protest greets Habibie on visit to C. Java

Student protest greets Habibie on visit to C. Java KENDAL, Central Java (JP): About 100 students staged a demonstration here on Thursday to demand that President B.J. Habibie take concrete measures to lower the price of staple foods, even as the President was asserting his commitment to help the...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Family's Program: Menjaga Keutuhan Keluarga 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 My...

Councilor tells of corruption in rice distribution

Councilor tells of corruption in rice distribution JAKARTA (JP): A city councilor has questioned the efficiency of the Jakarta Logistics Agency (Dolog Jaya) in distributing rice in the capital.The head of the council's Commission B for economic affairs, Djafar Badjeber, said on Thursday he believed...

Executives urge people to stop paying taxes

Executives urge people to stop paying taxes JAKARTA (JP): Dozens of white-collar workers staged a protest on Thursday against the government, which they said had given scant attention to people's interests, and urged people to temporarily stop paying their taxes.

Amex files against Davomas

Amex files against Davomas JAKARTA (JP): American Express Bank became the first foreign bank to file a case in Indonesia's new bankruptcy court against listed cocoa maker PT Davomas Abadi.According to documents filed at Central Jakarta Commercial Court, the Jakarta branch of American Express is...

Singapore dollar gains spotlight, others mixed

Singapore dollar gains spotlight, others mixed SINGAPORE (Dow Jones): Southeast Asian currencies are mostly mixed against the U.S. dollar, but the Singapore dollar grabbed the spotlight as volumes in other currencies dried up Thursday, said market players.

Subsidy removal will not jack up prices: Experts

Subsidy removal will not jack up prices: Experts JAKARTA (JP): Removal of subsidies on wheat flour, sugar and soybeans is the right move and will not significantly impact consumers because the commodities already sell at market prices, experts and businessmen said Thursday.

Annan sets Congo talks at NAM

Annan sets Congo talks at NAM DURBAN, South Africa (AP): Seeking to end a civil war in Congo that has dragged in its neighbors, UN Secretary-General Kofi Annan said on Thursday that he was "very encouraged" by peace talks at the Non-Aligned Movement (NAM) summit.

RP's July exports rise 21%

RP's July exports rise 21% MANILA (Bloomberg): Philippine merchandise exports rose 20.9 percent in July from the previous year, powered by surging shipments of computer chips and other electronic gear, the government said Thursday.Exports rose to a record US$2.499 billion in July from $2.

Sukarno's widow doubts Soekardjo's accusations

Sukarno's widow doubts Soekardjo's accusations JAKARTA (JP): Hartini, the widow of former president Sukarno, has cast further doubt on accusations that the late president was forced to sign the historic March 11, 1966, letter which effectively transferred power to then Lt. Gen.

Fix ABRI

Fix ABRI A host of events has demonstrated the atrocities that the Indonesian Armed Forces (ABRI) has committed against the Indonesian people, its fellow countrymen: the shooting to death of four students of Trisakti University in May 1998; the recently exposed massacre, torture and rapes of...

Freeport not benefiting Irian Jaya: DPR members

Freeport not benefiting Irian Jaya: DPR members JAKARTA (JP): Legislators are urging a review into the operations of American mining giant PT Freeport Indonesia, contending it has failed to better the lot of local communities in Irian Jaya despite a more than 25-year presence.

Malaysia education institutes lures Indonesian students

Malaysia education institutes lures Indonesian studentsBy Yudha Kartohadiprodjo JAKARTA (JP): "Go and study as far as China," said Mohammad the prophet. In the past few years, however, Indonesians have gone further than China: the United States, Europe, Japan and Australia have been the preferred...

Rupiah stable, stocks bounce 1.6 percent

Rupiah stable, stocks bounce 1.6 percent JAKARTA (JP): Indonesia's financial markets remained stable on Thursday with the rupiah closing slightly lower at 10,900 against the U.S. dollar but stocks rising 1.6 percent.Currency dealers said the rupiah fluctuated above the 10,000 level to the U.S.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Sept. 3, 1998: Buying Selling Rp Rp U.S. dollar 1 10,725.00 11,175.00Austrian shilling 1 835.00 932.00Australian dollar 1 6,127.00 6,387.00Belgian franc 1 295.00 306.00Canadian dollar 1 6,897.

Gold smugglers released on bail

Gold smugglers released on bail TANGERANG (JP): The Tangerang prosecutor's office released four alleged gold smugglers on bail Wednesday.The suspects were reportedly caught by Soekarno-Hatta International Airport customs officers attempting to smuggle 204,05 kilograms of gold bars in January.

Long, winding road to democracy

Long, winding road to democracyBy Daniel Dhakidae The following article is based on a paper presented at a seminar, Toward Structural Reforms for Democratization in Indonesia: Problems and Prospects, held in Jakarta from Aug. 12 to Aug.

Six men arrested for car thefts

Six men arrested for car thefts JAKARTA (JP): South Jakarta police have arrested six men believed to be members of a notorious vehicle theft gang in separate raids which began on Aug. 10, an official said on Wednesday.South Jakarta Police chief Lt. Col.

Exhibits, performances to promote human rights

Exhibits, performances to promote human rights JAKARTA (JP): Photography and art exhibitions and theatrical performances will be among various activities staged as part of a campaign held to commemorate the 50th anniversary of the Universal Human Rights Declaration.

U.S. Embassy in RP on alert

U.S. Embassy in RP on alert MANILA (AFP): Philippine police have stepped up security around U.S. facilities amid threats of an attack on the U.S. Embassy here found on an aircraft in Kuwait, officials said on Thursday.President Joseph Estrada said U.S. facilities "are being closely watched.

Reformation inspires protest songs from nation's artists

Reformation inspires protest songs from nation's artistsBy Stevie Emilia JAKARTA (JP): Student protests a few months ago not only led to the downfall of Soeharto and brought some changes to the country's politics but they also inspired artists and musicians to be more critical.

Legislator suspects Aceh riot was masterminded

Legislator suspects Aceh riot was masterminded JAKARTA (JP): A provincial legislator said on Thursday that he suspected the two-day riot which erupted in the North Aceh town of Lhokseumawe on Monday was masterminded.

PLN, govt sued for breaching contracts

PLN, govt sued for breaching contracts JAKARTA (JP): Giant U.S. power producer CalEnergy Company Inc. has filed suit in Washington, D.C., against state electricity company PLN and the Indonesian government for breaching power purchase contracts.

After all is said and done, who is Indonesian?

After all is said and done, who is Indonesian?By Peter Richards This is the first of two articles exploring the identity of Indonesians. JAKARTA (JP): As incidents occur, questions arise: "Who is an Indonesian? How do Indonesians through their leaders measure the worth of some fathers against some...

In search of a cure for the current moral crisis

In search of a cure for the current moral crisisBy Mochtar Buchori JAKARTA (JP): In a recent discussion organized by Indonesian alumni of foreign universities, a lively session took place on the topic of the nation's current moral crisis.

Violence in Bali

Violence in Bali I write this letter as one who has had the privilege to know Bali in a different light. As a very young boy, my parents brought me to see and know the wonders of a different culture.I do not smoke or drink and prefer the beauty of scenery to the other offerings of such places as...

Irian has enough food stock despite crisis, official says

Irian has enough food stock despite crisis, official says JAKARTA (JP): Irian Jaya, where almost 700 people died of starvation and drought-induced disease last year, has sufficient stocks of rice and other staple foods, despite country's economic and food crises, an official has claimed.

Citibank responds

Citibank responds We are responding to the letter from Mr. Boothby My money in limbo? in The Jakarta Post on Sept. 1. We would like to clarify on your recent experience with Citibank. First, please allow us to apologize for not responding to you in a timely fashion with regard to your queries.

Quest for independent local councils

Quest for independent local councilsBy Yulius P. Hermawan BANDUNG, West Java (JP): The recent controversial elections of the governors of Central and East Java have raised questions over just how independent provincial councils should be in electing their local executives.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 3 , 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 250 0 0 Alumindo Perkasa 225...