Indonesian Political, Business & Finance News

Archive: 14 January 1999

53 articles found

Expats' obligation

Expats' obligation I would like to quote two separate stories which appeared recently in The Jakarta Post.The first is from an article entitled "Training ends for workers filling expatriates' shoes" which appeared on Jan. 7, 1999.

ABRI waging war with its tarnished image

ABRI waging war with its tarnished image JAKARTA (JP): The Armed Forces is striving to improve its badly stained image, which some high-ranking military officials have blamed on the press.Chief of ABRI's territorial affairs Lt. Gen.

Lee criticizes campaigner Chee

Lee criticizes campaigner Chee SINGAPORE (AP): Elder statesman Lee Kuan Yew has criticized an opposition politician campaigning for free speech, accusing him of trying to emulate Malaysia's jailed reform leader.Singapore Democratic Party chief Chee Soon Juan "thinks that he's like Mr.

Support for Gus Dur as president

Support for Gus Dur as presidentFrom Sinar PagiI fully agree the decision of the National Awakening Party (PKB) to nominate Abdurrahman Wahid (Gus Dur) as candidate for Indonesia's fourth president. In my opinion Gus Dur has certain advantages over other community figures.

Hearing canceled in student no-show

Hearing canceled in student no-show JAKARTA (JP): A pretrial hearing in a wrongful arrest suit filed by an Indonesian Christian University student against the Jakarta Police was postponed on Wednesday due to the absence of plaintiff, who remains in police custody.

Australia shifts with times on East Timor issue

Australia shifts with times on East Timor issueBy John Mair CANBERRA (Reuters): Australia's move to countenance independence for East Timor is in keeping with its pragmatic stand on the Indonesian-ruled territory, political analysts said.

Aceh military battalion commander replaced

Aceh military battalion commander replaced JAKARTA (JP): The Armed Forces has replaced the commander of a battalion whose members were involved in the killings of four Acehnese in military detention, another local military commander said on Wednesday.Lilawangsa Military Commander Col.

Indonesian accused of kidnapping Japanese

Indonesian accused of kidnapping Japanese TOKYO (Antara): A Japanese businessman has filed a report with local police over the kidnapping of his son by an Indonesian in December 1998, a source from the local police said as quoted by the Yomiuri Shimbun daily on Wednesday.

Anwar says he is smeared by lurid sex allegations

Anwar says he is smeared by lurid sex allegations KUALA LUMPUR (Reuters): A Malaysian judge amended four corruption charges on Wednesday against sacked finance minister Anwar Ibrahim, prompting the former cabinet member to protest he had been unfairly smeared by sex allegations.

Looters blamed for blackouts

Looters blamed for blackouts MEDAN, North Sumatra (JP): Blackouts in large areas of Medan and nearby Binjai on Monday were blamed on the continued theft of equipment belonging to the state-run electricity company, PLN.

Govt submits bill to boost central bank's freedom

Govt submits bill to boost central bank's freedom JAKARTA (JP): The government submitted to the House of Representatives on Wednesday the draft law on the central bank to replace a 1968 law often faulted as ineffective.

Businesses told to forgo tax breaks

Businesses told to forgo tax breaks JAKARTA (JP): The tax revenue target set in the 1999/2000 state budget proposal can be obtained if industries don't ask for tax breaks, according to a senior government official.Director General of Tax Effendi Ritonga admitted that achieving the Rp 74.

Badawi named NEAC deputy chairman

Badawi named NEAC deputy chairman KUALA LUMPUR (AP): Malaysia's new deputy prime minister was named deputy chairman of the country's National Economic Action Council, the group said on Wednesday.Abdullah Ahmad Badawi is also now a member of NEAC's executive committee, the council said in a...

Farmers burdened by landowner's request

Farmers burdened by landowner's request TANGERANG (JP): Hundreds of Cihuni farmers in Legok district here are seeking help from Tangerang regent Agus Djunara in their dispute with the owner of a plot on which they are cultivating crops.

Why this discrimination?

Why this discrimination? I have been an ardent member of the Rancamaya Golf Club at Bogor for several years and have enjoyed not only the club's facilities but the majestic panorama as well.As of late, and due to certain personal circumstances, I was no longer able to play golf at the club and...

Rice for the poor to reach 39% of targeted people

Rice for the poor to reach 39% of targeted people JAKARTA (JP): In a report to a Cabinet meeting on Wednesday, State Minister of Food and Horticulture A.M. Saefuddin said the government's program providing cheap rice for the poor could reach 38.9 percent of the targeted 17.

Govt defends plan for bank recapitalization

Govt defends plan for bank recapitalization JAKARTA (JP): The government on Wednesday defended its costly bank recapitalization program, saying that it was necessary to revive the crippled economy.State Minister of National Development Planning Boediono warned that the process of economic recovery...

Five killed in unrest in Luwu, dozens injured

Five killed in unrest in Luwu, dozens injured UJUNGPANDANG, South Sulawesi (JP): Five were killed, dozens more were injured, and around 90 houses were set alight during brawls between residents from several villages in the district of Sabbang in Luwu regency on Monday and Tuesday.

Australian opposition calls for Timor Gap deal review

Australian opposition calls for Timor Gap deal review SYDNEY (Reuters): Australia's Labor opposition urged Prime Minister John Howard's government on Wednesday to review its Timor Gap oil sharing treaty with Indonesia as East Timor pushes for independence.

Rupiah slides 7% to close at 8,600 against the dollar

Rupiah slides 7% to close at 8,600 against the dollar JAKARTA (JP): The financial market sank again on Wednesday, with the rupiah sliding 7 percent to close at 8,600 and stock prices falling nearly 4 percent.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Jan. 13, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,325.00 8,475.00 8,275.00 8,525.00Australian dollar 1 5,182.00 5,415.10 5,144.00 5,444.00Belgian franc 1 238.52 244.11 - -Brunei dollar 1 - - 4,829.

Telephone cables stolen in C. Java

Telephone cables stolen in C. Java PURWOKERTO, Central Java (JP): A total of 415,000 meters of telephone cable has vanished along a railway route, disrupting communications here.Although the damage done from the theft of the copper cables was not too severe, "we have to work extra fast to replace...

High unemployment may worsen: ILO

High unemployment may worsen: ILO BANGKOK (AFP): Asia's unemployment crisis triggered by the region's economic meltdown may deepen as desperate businesses further slash their workforces, the International Labor Office warned on Wednesday.

Asian monies plunge against dollar amid market worries

Asian monies plunge against dollar amid market worries SINGAPORE (Dow Jones): Southeast Asian currencies were well down against the U.S. dollar in late trading Wednesday, as the market grappled with the double-barreled news of the Bank of Japan's multi-billion dollar market intervention Tuesday to...

Kidnapping of 22 in southern RP

Kidnapping of 22 in southern RP ZAMBOANGA, Philippines (AFP): Muslim militants in the southern Philippines kidnapped 22 men they accuse of drug trafficking, but later freed 15 of them, officials said on Wednesday.

Prudential doubles income

Prudential doubles income JAKARTA (JP): Despite the economic crisis, PT Prudential BancBali Life Assurance nearly doubled its premium revenue to Rp 36.9 billion (about US$4.6 million) in 1998, its president said on Tuesday.

Soldiers' remains to be returned

Soldiers' remains to be returned JAKARTA (JP): Remains of eight World War II U.S. soldiers found in Irian Jaya will be returned to their families following a ceremony scheduled for Jan. 22.Trikora military commander Maj. Gen. Sembiring is to officially give the remains to commander of the U.S.

Paying telephone bills

Paying telephone bills As a long-standing subscriber of PT Telkom living in the Pamulang area, I have observed over the years that there has been no improvement in the service for the payment of monthly telephone bills.

Closed-door meeting at Ministry of Justice

Closed-door meeting at Ministry of Justice JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto, Minister of Justice Muladi, Attorney General A.M. Ghalib and deputy chief of the National Police Lt. Gen.

Restoring investor confidence

Restoring investor confidence Once again Indonesia has had to swallow a bitter pill, and due to one single factor: the absence of certainty. Among the factors contributing to the climate uncertainty are the deteriorating security situation, the political friction coming to the surface as the...

Idea to localize gambling blasted

Idea to localize gambling blasted JAKARTA (JP): City councilors expressed outrage on Wednesday at suggestions of gambling being localized in the capital, saying that it was against both the nation's laws and cultural values.

Consortium urged to pay persisting debts for SEAG

Consortium urged to pay persisting debts for SEAG JAKARTA (JP): The management board of the Senayan sports complex called on Wednesday for the establishment of a deadline by which time the Southeast Asian (SEA) Games underwriting consortium must settle its debts.

Property firm taken to court for unpaid debt

Property firm taken to court for unpaid debt JAKARTA (JP): Multifinance firm PT Perdana Jatiputra and its director Lukman Kolim filed a bankruptcy petition against property company PT Metropolitan Development at the commercial court on Wednesday.

Discounted luxury -- for those who can afford it

Discounted luxury -- for those who can afford itBy Juliane Gunardono JAKARTA (JP): Entering Plaza Indonesia is like entering a spaceship. There are no signs of the cosmos of Jakarta street life, no sweaty people who have just squeezed themselves out of an overfilled city bus, no sidewalk vendors,...

Investment in new hotels set to stay low this year

Investment in new hotels set to stay low this year JAKARTA (JP): Investment in new hotels in the capital will remain low this year as fears over security problems will continue to discourage investors, analysts have said.

Govt to sell bonds worth billions of dollars to BI

Govt to sell bonds worth billions of dollars to BI JAKARTA (JP): The government plans to sell bonds worth tens of billions of dollars to Bank Indonesia to fund the bank recapitalization program, a senior minister said on Wednesday.

Crybaby for 'cengeng'

Crybaby for 'cengeng' I am writing in response to Ifrad Sukanto's letter of Jan. 13. I presume that his original letter on Gus Dur was in Bahasa Indonesia and translated into English. I also presume that the original Indonesian world for "tearful" was "cengeng".

Regent told to resign

Regent told to resign KUPANG, East Nusa Tenggara: Community leaders in West Sumba have urged Regent Rudolf Malo to resign because of his inability to prevent a clash among residents which killed 27 people last November.

Lawsuit filed against Baramuli for slander

Lawsuit filed against Baramuli for slander JAKARTA (JP): Former Army general Kemal Idris and former Jakarta governor Ali Sadikin plan to file a lawsuit against A.A. Baramuli, chairman of the Supreme Advisory Council, for slander.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 13, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 450 0 0 AHAP Insurance 400 0 0 Alter Abadi 300 0 540,000 Alumindo Light Metal 300 -25 330,500 Alumindo...

NGO says East Timor should be military-free

NGO says East Timor should be military-free JAKARTA (JP): The government should change the way it governs East Timor and declare the province a military-free zone, according to a group of activists campaigning for peace in the troubled province.

Safety net program not running well

Safety net program not running well JAKARTA (JP): The country's multibillion dollar social safety net program has not run well because of the overcautiousness of government officials in distributing the aid, according to the government-sponsored social safety net monitoring task force.

Where to go in Bali:

Where to go in Bali:Exhibitions * Woodcarving Exhibition: The Legacy, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until Feb. 29.Music and entertainment * Sheraton Nusa Indah, Nusa Dua (Phone: 0361 771906): - Poolside: Cultural Dances, Thursday and Monday,...

Al Markaz al Islami, a South Sulawesi landmark

Al Markaz al Islami, a South Sulawesi landmarkBy Jupriadi UJUNGPANDANG (JP): Jakarta has the Istiqlal, Banda Aceh its Baiturrahman and Ujungpandang its Al Markaz al Islami. Those are the three largest and most popular mosques in the country.

Tanah Abang kiosks closed after 'threat'

Tanah Abang kiosks closed after 'threat' JAKARTA (JP): Hundreds of kiosks at the busy Tanah Abang market in Central Jakarta were abruptly closed by their owners on Wednesday afternoon in fear of a gang of hoodlums, who had become incensed after their demands for Idul Fitri money were rejected.

Yogyakarta to get Islamic village

Yogyakarta to get Islamic village YOGYAKARTA (JP): Plans to set up an international Islamic village here were announced by Governor Sultan Hamengku Buwono X on Wednesday.The traditional monarch said after a plenary meeting with the local council that 27 countries had conveyed their support for the...

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Painting Exhibition at Shangri-La Hotel, Jl. May. Jend. Sungkono 120 (Phone: 031 5661550), until Jan. 24.Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Phenomenon Band, Monday to Friday,...

Fire destroys Bandung market

Fire destroys Bandung market BANDUNG (JP): A fire destroyed at least 320 of 410 kiosks at Bandung's Ancol market on Tuesday night and was only put out in the early hours of Wednesday. Losses were estimated at Rp 4 billion. No casualties were reported.The market was closed when the fire began.

Ramadhan time for Jakarta

Ramadhan time for JakartaThursdayMaghrib 6:17 p.m.FridayImsak 4:17 a.m.Subuh 4.27 a.m.

Golkar: Past and present

Golkar: Past and presentFrom Pikiran RakyatThe Functional Group (Golkar) assumes a unique position in this reform era. Akbar Tandjung's recent reaction shows that on the one hand, it does not see the need to apologize but, on the other, it realizes that during the New Order era it subjugated itself...

House urged to rule out ABRI's voting rights

House urged to rule out ABRI's voting rights JAKARTA (JP): Two political parties have made last gasp attempts to introduce changes to the political bills by calling on the House of Representatives to remove the voting rights given to unelected members of the military in the House and to take...

'King Lear' goes East

'King Lear' goes East JAKARTA (JP): In a very unusual artistic event a group of actors from six countries will perform an Asian version of King Lear early next month.The three-day production, starting on Feb.

Japan's rescue fund 'too slow'

Japan's rescue fund 'too slow' TOKYO (AFP): Japan's US$30 billion Asian rescue package is so slow-footed the crisis will be over before it is spent, Malaysian Premier Mahathir Mohamad said in an interview published here on Wednesday.