Indonesian Political, Business & Finance News

Archive: 16 January 1999

49 articles found

Study room set up to help poor kids

Study room set up to help poor kids JAKARTA (JP): The Nanda Dian Nusantara foundation inaugurated the operation of a study room in the Cilincing slum area in North Jakarta on Thursday with the aim of enabling local children from poor families to attend school. The inauguration of the wooden structure was marked with the handover of packages of food stuffs by Roostien Ilyas, the chairwoman of the foundation, to 400 families in the area.

Independent BI

Independent BI The draft law on the central bank (Bank Indonesia), proposed to the House of Representatives on Wednesday, is part of the overall restructuring of the banking industry.

Fewer passengers leave city by plane

Fewer passengers leave city by plane JAKARTA (JP): The outflow of city residents via airlines at the Soekarno-Hatta International Airport as of Tuesday, seven days ahead of the Idul Fitri celebration, has fallen by 40 percent from last year's number, an official said on Wednesday. Without giving details, Miskul Firdaus, president of state- owned airport management company PT Angkasa Pura II, attributed the sharp drop to hardship caused by the prolonged economic crisis.

All dollars not created equal?

All dollars not created equal? From Kompas On Jan. 13 I went to Bank Central Dagang's Kedoya branch in West Jakarta to exchange US$250. The bank's rate was Rp 8,050 to the dollar. But the teller would not exchange my money at the prevailing rate because the banknotes were issued in 1990, 1991 and 1993. BCD applied the rate only to banknotes issued since 1996.

BI's local office catches fire

BI's local office catches fire BANDUNG: The local office of the central bank, Bank Indonesia, caught fire on Thursday evening, Antara reported. Part of the building's parking area was destroyed, as well as dozens of boxes used to transport money. The fire was discovered at about 8:30 p.m. after smoke billowed out of the parking lot and the alarm went off. Security guards were able to extinguish the fire within half an hour, so it did not spread to areas where vaults are located.

Bira joins govt's plan

Bira joins govt's plan JAKARTA (JP): Publicly-listed Bank Bira, currently under the control of the Indonesian Bank Restructuring Agency, has confirmed that it would participate in the government's recapitalization program. The bank said earlier this week that owners and directors had agreed to meet the central bank's requirements in order to qualify for the recapitalization program.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 15, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 400 0 0 AHAP Insurance 400 0 0 Alter Abadi 300 25 115,000 Alumindo Light Metal 275 -25 25,000 Alumindo Perkasa 125 0 0 Aneka Kimia Raya 225 0 0 Aneka Tambang 1,525 0 2,773,000 Anwar Sierad 100 0 0 Apac Centertex Corp.

Six die of dengue in Central Java

Six die of dengue in Central Java TEGAL, Central Java: Six people have died of dengue fever in the past week among 474 patients admitted to two hospitals here. Most patients came from towns, the head of the health agency, Siti Rochmah said. Many still do not give full attention to sanitation, leading to the high number of cases, she said. Residents cleaning out their own environment to reduce the potential of the aedes aegypti mosquito laying its larvae is now a priority compared to fumigation.

ABRI yet to prove 'its reform is beyond rhetoric'

ABRI yet to prove 'its reform is beyond rhetoric' DEPOK, West Java (JP): Political science lecturers at the University of Indonesia are so far not convinced that the Armed Forces' reform promises are anything more than rhetoric. They accused the Armed Forces (ABRI) of being "half-hearted" in its reform drive since its commander, Minister of Defense and Security Gen. Wiranto, announced their intentions last year.

Malaysia denies plotting to descredit Anwar Ibrahim

Malaysia denies plotting to descredit Anwar Ibrahim KUALA LUMPUR (Agencies): Malaysia denounced on Friday a Singapore newspaper that said Prime Minister Mahathir Mohamad and trusted supporters met secretly in November to plot strategy against former cabinet minister Anwar Ibrahim. Information Minister Mohamed Rahmat said a report in the Singapore Business Times was "an ill-intentioned attempt" to undermine Mahathir's governing coalition and his United Malays National Organization (UMNO) party.

DHL to expand business

DHL to expand business JAKARTA (JP): International courier company DHL Worldwide Express has targeted a 5 percent increase in its business in Indonesia for 1999 despite the economic slump. PT Birotika Semesta/DHL Worldwide Express said in a statement on Thursday that it planned to add several new services including the so-called "overnight destinations" to achieve its target.

Violence likely to continue in 1999

Violence likely to continue in 1999 JAKARTA (JP): Violence is likely to continue during the year as the nation has not proved itself able to tolerate and accept political differences, observers said on Friday. The views were raised in a discussion at the Jakarta Legal Aid Office and in a presentation of political predictions by a team of lecturers at the University of Indonesia.

Acehnese seek justice for ABRI atrocities

Acehnese seek justice for ABRI atrocities By Ridwan Max Sijabat LHOKSEUMAWE, Aceh (JP): The outgoing chief of the Armed Forces (ABRI) General Affairs, Lt. Gen. Fachrul Razi, was greeted during his one-day visit here on Friday by around 100 locals who delivered strong demands for justice for past military atrocities.

Allianz opens branch

Allianz opens branch JAKARTA (JP): Insurance company PT Asuransi Allianz Aken Life has opened a branch office in the South Sulawesi capital Ujungpandang as part of its expansion program. The office, Graha Allianz, will provide easy access to financial consultants who will assist clients in planning for the future, the company said in a statement on Thursday.

Myanmar issues protest to Thailand

Myanmar issues protest to Thailand BANGKOK (AP): Myanmar's Foreign Ministry has summoned Thailand's ambassador in Yangon to protest over what it said was an unprovoked attack by the Thai Navy on one of its patrol boats, the ministry said on Friday. Thai naval officials, however, said the Myanmar vessel opened fire first with machine guns after a Thai patrol boat answered a distress call from two fishing trawlers whose crew said the Myanmar ship was chasing them.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Calligraphy Exhibition: by Yoesoef Effendie, at Jl. Mesjid I/19, Pejompongan, West Jakarta (Phone: 5733912), until Jan. 18. * Batik, Furniture Exhibition: Batik dan Antik, at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (Phone: 7194278), Sunday, at 10:30 a.m. to 12 p.m., Monday to Thursday, 11:30 a.m. to 11:30 p.m., Friday to Saturday 11:30 a.m. to 1:30 a.m., until Jan. 31.

Airport arrivals to pay new taxi charge

Airport arrivals to pay new taxi charge JAKARTA (JP): The state airport management company PT Angkasa Pura II announced on Thursday that it would set additional fare charges for members of the public catching taxis at Soekarno- Hatta airport. The company's director of operations, Mulyono, explained that provision for the new charges was contained in a decree issued by the director general of land transportation on March 19 last year.

New age sparks millenarianism

New age sparks millenarianism By Marianus Kleden This is the second of two articles about a new age in the new spirit of millenarianism. KUPANG, East Nusa Tenggara (JP): Millenarianism, which seems prevalent among Indonesians nowadays as they look forward to the coming of a just leader, is distinguished by the involvement of the concepts of inclusion and exclusion. It intensifies the concept of in-group and out-group proposed by W.G. Sumner.

Farmers resort to detergent to kill pests

Farmers resort to detergent to kill pests SORONG, Irian Jaya (JP): Frustrated by soaring pesticide prices, farmers in Mariyai village have begun spraying their paddy stalks with diluted detergent and soap. "I've been using Rinso (detergent brand) and B-29 soap to kill pests attacking my plants," said farmer Ansuri. "What am I supposed to do?

RI seeks US$5b in new loans

RI seeks US$5b in new loans JAKARTA (JP): Indonesia expects to secure US$5 billion from the World Bank, the Asian Development Bank and Japan to help finance the 1999/2000 budget deficit, according to Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita. He said on Friday that the Japanese aid would come from the so-called Miyazawa Plan.

Aussie moved to Maesa jail

Aussie moved to Maesa jail PALU, Central Sulawesi: The Palu immigration office has moved Raul Antonio, 39, an Australian tourist who on Monday tried to torch an immigration office cell, to Maesa penitentiary before deporting him. "The immigration office does not want to take any further risk and has therefore decided to move him to the Maesa penitentiary while waiting for his deportation," chief warden of the Palu immigration cell, Yusuf Sadu said on Friday.

Business loans are available, govt assures

Business loans are available, govt assures JAKARTA (JP): The government assured exporters on Friday that trade financing and credit facilities were available even though the establishment of the much-awaited Export Financing Agency had yet to come about. A team consisting of key officials of the Ministry of Industry and Trade and Bank Indonesia told the disgruntled businesspeople that the central bank's recent move to extend the legal lending limit would allow banks to resume lending.

Giri to witness major exodus

Giri to witness major exodus JAKARTA (JP): Minister of Communications Giri Suseno is scheduled on Saturday to witness the departure of 12,000 herbal medicine sellers at the Jakarta Fairground in Kemayoran, Central Jakarta. The passengers in the exodus, which is sponsored by herbal medicine producer PT Sido Muncul, will be transported by 170 buses to various destinations in West and Central Java such as Cirebon, Kuningan, Tegal, Banjarnegara, Surakarta and Wonogiri.

Pepabri members may support new Justice and Unity Party

Pepabri members may support new Justice and Unity Party JAKARTA (JP): Former members of Golkar established here on Friday the Justice and Unity Party (PKP), which some analysts believed would "deflate" the dominant grouping and become a serious poll contender. Former Armed Forces (ABRI) commander Gen. (ret) Edi Sudradjat is chairman of the new party, while former state minister of sports Hayono Isman will serve as the PKP's secretary-general. Edi's deputies are Tatto S.

Rupiah dives further after Brazil scare

Rupiah dives further after Brazil scare JAKARTA (JP): The country's crippled rupiah tumbled again on Friday to hit an intraday low of 9,300 against the U.S. dollar as stock prices plunged 1.5 percent for the third consecutive day.

Govt extends West Natuna gas contracts

Govt extends West Natuna gas contracts JAKARTA (JP): The government has finally agreed to extend the production sharing contracts awarded to the contractors grouped in the West Natuna consortium. This will secure natural gas supplies from the gas fields west of the Natuna Islands to Singapore.

Taman Mini management raises Idul Fitri bonuses

Taman Mini management raises Idul Fitri bonuses JAKARTA (JP): The Taman Mini Indonesia Indah (the Beautiful Indonesia in Miniature Park) management has finally agreed to its employees' demand for a raise in their annual Idul Fitri bonus, following Sunday's strike. The park spokesman, Dandoel Hardoyono, said on Wednesday that the management has doubled the bonus, locally known as THR, to Rp 300,000 and it had been distributed to the employees on Tuesday.

The rupiah under pressure

The rupiah under pressure The weakening of the rupiah against the U.S. dollar in the last few days has been discussed widely. This is because over the past weeks the currency had shown itself to be quite capable of holding its ground against the greenback. People had begun to believe the rupiah would stabilize below the Rp 8,500 per dollar level. Maintaining a stable currency is no easy task.

Bekasi child scavengers get new school at garbage dump

Bekasi child scavengers get new school at garbage dump By Juliane Gunardono JAKARTA (JP): Yan no longer bothers to shoo away the millions of flies which, like him, live off the endless heaps of municipal garbage in Bantar Gebang, in Bekasi, east of Jakarta.

Gold jewelry exports surge as crisis continues

Gold jewelry exports surge as crisis continues JAKARTA (JP): Indonesia's exports of gold jewelry have recorded a significant increase during the country's 18-month economic crisis as many traders have shifted their markets overseas due to low demand at home, according to the World Gold Council (WGC).

TV today

TV today TVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 7:00 Children's Program: Lagu Anak Nusantara 7:30 TV Series 8:00 Music 8:30 Documentary 9:00 TV Drama: Bangkit Kembali 10:00 Interval 2:00 p.m.

Man arrested for stealing car

Man arrested for stealing car JAKARTA (JP): Police arrested a man for allegedly stealing a Kijang van in the parking lot in front of shipping company PT Pelni at Tanjung Priok harbor, North Jakarta, on Friday. City police spokesman Lt. Col. Edward Aritonang said the suspect, identified as Yani, 31, stole the van as soon as it was left by the owner, Andi Nurul, at 9:30 a.m.

UKI clarifies

UKI clarifies The Information Management Team of the Indonesian Christian University (UKI) deems it necessary to clarify a news report in The Jakarta Post of Dec. 31, 1998, concerning incidents occurring on Dec. 17 and Dec. 18, 1998, at the UKI campus in Cawang and its surrounding areas. 1. The Senayan and Cawang incidents, which occurred on Dec. 17, 1998, in which scores of students were wounded by a group of members of security apparatuses/forces, and another incident on Dec.

Appeal to the nation's leaders

Appeal to the nation's leaders From Merdeka Government authorities, please help the people. While the situation worsens by the day, you busy yourselves with mutual accusations and reproach, feeling your vision is right. Apparently you are not aware that you are behaving like buffoons for the sake of personal interest and ambition. Riots and lootings continue unabated everywhere.

Three arrested for robberies at intersections

Three arrested for robberies at intersections JAKARTA (JP): Police arrested three men for allegedly robbing motorists at major street intersections on Thursday and Friday, an officer said. City police spokesman Lt. Col. Edward Aritonang said on Friday that the first suspect, identified as Dedy, 23, was arrested at the Cawang interchange traffic light in East Jakarta on Thursday after robbing Rahmat, 26, a driver working for a Japanese national.

Survey finds half of voters undecided

Survey finds half of voters undecided JAKARTA (JP): Sixty percent of Indonesia's eligible voters are still undecided about which party to vote for in the upcoming general election according to the results of an opinion poll announced on Friday.

House wraps up debate on bills until Jan. 25

House wraps up debate on bills until Jan. 25 JAKARTA (JP): The House of Representatives ended its deliberations of the political bills on Friday for the beginning of the week-long Idul Fitri holiday, practically closing the door on any new attempts to change the outcome of the bills. The House will resume talks on Monday, Jan. 25, with an open session where its 87-member Special Committee is scheduled to hear reports from the three working groups tasked with discussing the details of the bills.

Surabaya to host free peace concert

Surabaya to host free peace concert JAKARTA (JP): International peace advocate Sri Chinmoy will stage a free peace concert at the Sheraton Surabaya Hotel on Sunday at 7 p.m. The 67-year-old musician, artist, poet, athlete and spiritual leader will perform his own compositions which comprise a mixture of Western and Eastern instruments like flute, cello and harmonium. Chinmoy has composed thousands of songs about the need for love and peace.

Govt official almost loses nose

Govt official almost loses nose BENGKULU: A raid on illegal traders ended in a city official losing the outer part of his nose and his upper lip when a fish merchant attacked him with a machete. Antara reported Friday that the raid was conducted the same day. The suspect was still at large, police spokesman Capt. Nazwar said. Nazwar quoted witnesses who said the trader concerned, identified as Uck, was selling his wares in an alley.

Idul Fitri exodus prompts fears of burglaries

Idul Fitri exodus prompts fears of burglaries JAKARTA (JP): Fearful of their homes being burgled, many Jakartans traveling out of the city to celebrate Idul Fitri holidays in their hometowns have entrusted their valuables to neighbors or relatives. "We are now facing very different circumstances, where the number of burglaries and other crimes continues to increase.

Golkar's obstinacy

Golkar's obstinacy It would be very wrong if the ruling Golkar grouping continued to persist in defending its stance that civil servants can still become members, including of the boards, of parties when the people demand that civil servants be truly capable of assuming a neutral attitude in the general election scheduled for June 1999 (Kompas, Jan.5). The many violations in previous general elections during the New Order era have undoubtedly caused considerable trauma among our people.

Attorney General urged to speed up BRI inquiry

Attorney General urged to speed up BRI inquiry JAKARTA (JP): The Indonesian Corruption Watch (ICW) has called on the Attorney General's Office to speed up an investigation of alleged corruption in the state Bank Rakyat Indonesia (BRI).

SE Asian monies mostly down; Singapore dollar safe haven

SE Asian monies mostly down; Singapore dollar safe haven SINGAPORE (Dow Jones): Southeast Asian currencies -- with the exception of the Singapore dollar -- were lower against the U.S. dollar in late trading Friday. The Indonesian rupiah, Thai baht and the Philippines peso all languished. Bank Indonesia Governor Sjahril Sabirin said Friday that the rupiah's recent weakness was directly linked to Brazil's financial turmoil, but stressed the government's commitment to supporting the currency.

Congress to discuss social safety net program

Congress to discuss social safety net program JAKARTA (JP): The social safety net program will be at the top of the agenda at the national congress of the Nahdlatul Ulama (NU) Family Welfare Institute when it opens here next month. President B.J. Habibie will open the institute's sixth congress at the State Palace next month, although subsequent sessions of the congress will take place in East Java, NU officials said on Friday.

Students need not seek leading figures: Jalaluddin

Students need not seek leading figures: Jalaluddin By M.M.I Ahyani BANDUNG (JP): Jalaluddin Rahmat is officially a political communications professor at Padjadjaran University, but since 1992 he has not been given any teaching assignments nor has he been told why. "I really didn't know whether I had been given the sack or what. But the new rector, Prof.

Ramadhan time for Jakarta

Ramadhan time for Jakarta Saturday Maghrib 6:18 p.m. Sunday Imsak 4:17 a.m. Subuh 4.27 a.m.

Religious figures and politics

Religious figures and politics From Pikiran Rakyat I find the following news report, published in a number of dailies on Dec. 22, interesting to respond to: "The National Committee of Human Rights also very much hopes that religious figures will intensify their efforts to teach their followers.

BNI plans rights shares

BNI plans rights shares JAKARTA (JP): State-owned, publicly-listed Bank Negara Indonesia plans to issue rights shares in March to improve its capital structure. BNI president Widigdo Sukarman said the size of the issue was currently being discussed with the Ministry of Finance and the central bank, Bank Indonesia. The bank currently has a capital adequacy ratio (CAR) of below minus 25 percent, making it ineligible to join the government's recapitalization program.

Security officers get food donation

Security officers get food donation JAKARTA (JP): A group of local celebrities and staffers of Panji Masyarakat magazine visited on Thursday evening the security officers stationed at the House of Representatives building complex, the National Monument Park and Surapati Park in Central Jakarta. During the visits, they handed over some packages of food for breaking of the fast, and sang and danced with the soldiers who had been stationed there over the last few months.