Indonesian Political, Business & Finance News

Archive: 7 September 1998

50 articles found

Govt bank probe on credits 'may send wrong signal'

Govt bank probe on credits 'may send wrong signal' JAKARTA (JP): The government's hastiness in trying to recover massive liquidity support given to ailing banks may send out a wrong signal about efforts to rehabilitate the troubled industry, an expert has warned.

Reformation of ABRI

Reformation of ABRIFrom Jawa PosEvery time a criminal act or a human rights violation is committed by members of the Armed Forces (ABRI), it says that it concerns certain "individuals". ABRI has hardly ever displayed a noble spirit by admitting openly that the act was in fact ABRI's official...

An Indonesian lesson for Malaysia

An Indonesian lesson for Malaysia When Amien Rais was forced to resign as chairman of the council of experts in the Association of Indonesian Moslem Intellectuals (ICMI), Anwar Ibrahim, who at the time was Malaysia's deputy prime minister, sent him a telephone message of sympathy.

RI needs to formulate a long-term strategy

RI needs to formulate a long-term strategy Although the government appears to have fought the current crisis tooth and nail, it does not seem to have abated. Jusuf Wanandi, chairman of the Supervisory Board of the Center for Strategic and International Studies, talks of pitfalls lying ahead.

Indonesia must stop its politics of hatred

Indonesia must stop its politics of hatredBy Sri Pamoedjo Rahardjo JAKARTA (JP): Lessons learned from 53 years of independence in Indonesia are characterized by only two long-term serving leaders. Both leaders allowed the growth of a personality cult, with some degree of vindictiveness toward those...

Bapepam to issue rules to help firms restructure

Bapepam to issue rules to help firms restructure YOGYAKARTA (JP): The capital market watchdog, Bapepam, is to soon issue new rules on the revaluation of assets, mergers and acquisitions, and income tax on debt write-offs.

Indonesia eying four Asiad golds from badminton

Indonesia eying four Asiad golds from badminton JAKARTA (JP): Indonesia is setting its sights on winning four gold medals from its shuttlers in the upcoming Asian Games in Bangkok in December, despite its disappointing result in the just-concluded Asian Championships.

Australia ready for food mission

Australia ready for food mission SYDNEY (AFP): Australian officials flew to Seoul on Sunday for talks with China, Japan and South Korea amid reports that Canberra is readying its armed forces to mount a rescue mission in Indonesia.

'Silver Town' sees silver lining slip away

'Silver Town' sees silver lining slip awayBy Gin Kurniawan YOGYAKARTA (JP): A former seat of the ancient Mataram Kingdom, Kotagede to the southeast of downtown Yogyakarta is dubbed "Silver Town" because the majority of its residents are silversmiths.

Four arrested for extortion

Four arrested for extortion JAKARTA (JP): Four men were arrested on Thursday for allegedly pretending to be Marine officers and extorting money from a businessman in Muara Baru, Cilincing, North Jakarta.Marine Corps spokesman Maj.

Big Ecstasy factory uncovered

Big Ecstasy factory uncovered JAKARTA (JP): The National Police have uncovered a large Ecstasy producing factory on Jl. Muhtar Raya in Ciledug, Tangerang, an official said on Friday.Maj. Gen. Da'i Bachtiar, the chief detective in the National Police, said the discovery was the largest this year.

Hamengkubuwono X to send team to talks

Hamengkubuwono X to send team to talks YOGYAKARTA (JP): Yogyakarta's Sultan Hamengkubuwono X is to set up a small team to represent the sultanate palace in talks with the government aimed at drafting a presidential decree covering gubernatorial succession in the special province.President B.J.

Hardship forces many to reduce food consumption

Hardship forces many to reduce food consumptionBy Ida Indawati Khouw JAKARTA (JP): Hardship incurred during the prolonged economic crisis has forced many residents of the Greater Jakarta area, especially those living in underdeveloped subdistricts, to reduce their daily food intake.

'Soeharto must be held liable for wrongdoing'

'Soeharto must be held liable for wrongdoing' JAKARTA (JP): Former president Soeharto must be held accountable for any mismanagement of financial and economic policies during his tenure, a constitutional law expert has said.

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., until Sept. 7.

Middle class families 'should help the poor'

Middle class families 'should help the poor' JAKARTA (JP): Sociologist Paulus Wirutomo urged middle class families to help the poor in order to minimize social instability as the crisis thrusts millions of Indonesians below the poverty line.

More counters for phone bills

More counters for phone bills JAKARTA (JP): East Jakarta residents will no longer have to join the long queues at local major post offices to pay their telephone bills.The management of the East Jakarta post office have provided 58 post offices and a number of mobile units in a bid to help...

New team gets cautious welcome

New team gets cautious welcome JAKARTA (JP): Observers were cautious over the weekend about the establishment of the National Reconciliation Team -- intended to avert national disintegration -- and suggested that President B.J.

Rupiah assigned B-3 rating

Rupiah assigned B-3 rating NEW YORK (Dow Jones): Moody's Investors Service said it assigned a B3 issuer rating to rupiah obligations of Indonesia.Issuer ratings are used to provide an opinion about the debt- service capacity of a government that may have no outstanding long-term general obligation...

16 still being questioned over rice delivery orders

16 still being questioned over rice delivery orders JAKARTA (JP): Police are still questioning 16 people, including an official of the city's logistics agency (Dolog Jaya), for their alleged role in the illegal transaction and possession of rice delivery orders, an official said on Sunday.

Indonesian hotel industry slumps as crisis continues

Indonesian hotel industry slumps as crisis continuesBy Devi M. Asmarani JAKARTA (JP): Over three decades of rapid economic growth had fostered Indonesia's hotel industry, but recent economic and political blows are now threatening high-flying investment in star-rated hotels.

Reconciliation at last?

Reconciliation at last? Though much belated, the government's agreement to form a national reconciliation team consisting of representatives of the government, the National Commission on Human Rights, non- governmental organizations and the public at large can only be welcomed.

Think nationally!

Think nationally! "The momentum is still on the side of the reform movement," Adam Schwarz said in The Jakarta Post (Sept. 3). I agree with him, the gate has not yet been closed for all of us to march forward to turn this nation into a civil society.

Freeport denies ignoring local people

Freeport denies ignoring local people JAKARTA (JP): American mining giant PT Freeport Indonesia has denied an Antara report that the company had failed to improve the lot of the local community in Irian Jaya in the more than 25 years it has been there.

Soeharto urged to help poor people

Soeharto urged to help poor people JAKARTA (JP): Golkar chairman Akbar Tandjung has urged former president Soeharto to direct the Dakab Foundation to hand over its funds to the government to help low-income families weather the crisis.

Restructuring RI companies to create value

Restructuring RI companies to create valueBy Bernd Waltermann JAKARTA (JP): Indonesia's executives and policymakers face difficult challenges in every dimension -- to simultaneously restructure the financial sector, reinvent the structure and practices of corporate enterprises and redefine...

Police question eight people over Bekasi incident

Police question eight people over Bekasi incident JAKARTA (JP): Bekasi Police have questioned at least eight people following the death of a resident of Kampung Jati, Tambun subdistrict, on Friday.Bekasi Police chief Lt. Col.

Japati charges

Japati chargesFrom KompasIn my telephone May bill there are charges listed for the use of Japati service amounting to Rp 4,950. As I have never used this service, I feel burdened by the charge. There is no mention of Japati in my June bill.

Burglar arrested for stealing TV

Burglar arrested for stealing TV JAKARTA (JP): A construction worker was arrested on Saturday for breaking into a house belonging to one of The Jakarta Post's photographers in Sunter, North Jakarta, on the previous day.

Bangladeshis jailed for fraud

Bangladeshis jailed for fraud JAMBI: Jambi District Court on Saturday sentenced four Bangladeshi nationals to six months in jail for illegally obtaining Indonesian citizenship.The four, identified as Rezal, 24, Kemal, 23, Hasyim, 30 and Musa, 28, were also found guilty of having entered Indonesian...

Bulog to honor deals despite end of monopolies

Bulog to honor deals despite end of monopolies JAKARTA (JP): Minister of Industry and Trade Rahardi Ramelan said on Saturday the State Logistics Agency (Bulog) had completely stopped importing sugar, soybeans and wheat following a recent removal of the government's subsidies on the commodities.

Ships suspected of exporting rice held

Ships suspected of exporting rice held CILACAP, Central Java (JP): Two ships carrying 70 and 80 metric tons of rice were impounded on Saturday morning at the Tanjung Emas harbor in Semarang on suspicion they were about to export rice.Central Java Police chief Maj. Gen.

Bangkok stresses city will be ready to host Asiad

Bangkok stresses city will be ready to host AsiadBy Mick Elmore BANGKOK (DPA): Bangkok's planned eight-year march to prepare to host the 13th Asian Games in December turned into a sprint last year when organizers admitted little had been accomplished in the first six years and time was running out.

S'pore shaken by Malaysian capital policy

S'pore shaken by Malaysian capital policy SINGAPORE (AFP): Singapore has been badly shaken by drastic capital controls imposed in neighboring Malaysia and is anxiously tracking the political crisis triggered by the sacking of deputy premier and finance minister Anwar Ibrahim.

Dollar liquidity crisis

Dollar liquidity crisis Please allow me to take the liberty to comment on A way out of the liquidity crisis by Mr. C.J. de Koning which appeared in The Jakarta Post on Aug. 24 and Aug. 25. In the article the author reduces the current crisis to a simple problem of U.S. dollar liquidity.

Chandra wins Formula Asia national c'ships

Chandra wins Formula Asia national c'ships JAKARTA (JP): Veteran driver Chandra Alim edged Fino Saksono in the fourth and final leg of the Formula Asia autoracing championship on Sunday to overtake his perennial rival in the standings and emerge the overall winner.

On riot mastermind

On riot mastermind My congratulations to Mr. Robin Peter Holman for his analysis on this subject under the title Why look for masterminds? in Your Letters on Sept. 1, 1998. What he wrote is exactly on many Indonesians' minds, but the people never ventured to speak out, bulldozed by outcries from...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Management Program: Kiat Manajemen 3:30 TV Drama: Pintu Keluar 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Tangkas Cermat 6:00 News: Lintasan Berita 6:05 Documentary:...

Recession fears likely to affect local stocks

Recession fears likely to affect local stocks JAKARTA (JP): Trading in the country's ailing stock market is expected to further send stock prices down this week as fears of a lingering global recession and reports of escalating riots at home continue to kill market sentiment.

Mining firms 'misperceived by public'

Mining firms 'misperceived by public'By Johannes Simbolon JAKARTA (JP): The Indonesian Mining Association has expressed concern over the spate of criticism currently leveled against the country's mining industry, saying much of the criticism is due to public misperceptions.

Moslems demand fresh probe into Priok case

Moslems demand fresh probe into Priok case JAKARTA (JP): Moslem preachers and thousands of followers demanded on Sunday a fresh investigation into the 1984 killing of Moslems in Tanjung Priok, and that the military leaders at the time -- including former vice president Try Sutrisno and former Armed...

Soeharto says on TV he has 'not one cent' abroad

Soeharto says on TV he has 'not one cent' abroad JAKARTA (JP): Former president Soeharto denied allegations on Sunday night that he has a personal fortune worth trillions of rupiah stashed both overseas and at home.

Megawati states readiness to fight general election

Megawati states readiness to fight general election JAKARTA (JP): Megawati Soekarnoputri, the ousted leader of the Indonesian Democratic Party (PDI), stated on Sunday that she was ready to stand in the upcoming general election and urged all party members to get ready to join the polls.

Action demanded against perpetrators of atrocities

Action demanded against perpetrators of atrocities JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) has urged the government to take legal action against all Armed Forces personnel involved in atrocities in Aceh during the military operations there.

Philippines imports sugar

Philippines imports sugar GENERAL SANTOS, Philippines (AFP): Some 46,000 metric tons of imported sugar are to arrive in the Philippines in November as part of government efforts to avert a looming shortage, President Joseph Estrada said Sunday.

ASEAN backs Thai bid for WTO

ASEAN backs Thai bid for WTO BANGKOK (DPA): The Association of South East Asian Nations (ASEAN) has agreed to support Thai Deputy Prime Minister Supachai Panichpakdi's bid to become the next director-general of the World Trade Organization (WTO), reports said Saturday.

Building autonomy in Indonesia's state universities

Building autonomy in Indonesia's state universitiesBy Iwan Pranoto BANDUNG (JP): Universities are not merely buildings, but ideas and cultures remaking themselves. A university is not a place where professors just lecture on their subjects and present their thoughts, it is a place where learning...

Farmers face harvest failure

Farmers face harvest failure JAKARTA (JP): Farmers in Tangerang are facing failed harvests as a result of a jump in the population of snails and rats in their paddy fields in the city's coastal districts.

Pakistan exports sugar to RI

Pakistan exports sugar to RI KARACHI (AFP): Pakistan will bid for the export of about 200,000 metric tons of sugar to Indonesia this month, industry sources said Sunday.The Indonesian State Logistic Agency (INLA) has informed Pakistan it will float an international tender for the purchase of...

Azwar prepared to quit as PSSI chairman

Azwar prepared to quit as PSSI chairman JAKARTA (JP): All Indonesian Soccer Federation (PSSI) chairman Azwar Anas took the blame on Sunday for Indonesia's farcical defeat to Thailand in their Tiger Cup group match, saying he was prepared to step down on account of it.