Indonesian Political, Business & Finance News

Archive: 29 January 1999

59 articles found

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 Morning News 6:45 Healthy and Fresh 7:00 Children's Songs 7:30 TV Series 8:00 Music 9:00 Music 10:00 Interval 2:00 p.m. News: Berita 14 2:35 Cartoon 3:05 Sports Program 3:30 Village Program 4:00 Regional News 4:30 Cultural Program 5:00 Music 5:30...

Insurers record growth

Insurers record growth JAKARTA (JP): In spite of the recession, the life insurance industry in Indonesia grew by 20 percent in 1998 when measured by its premium income, down from 22 percent in 1997, a finance ministry official said on Thursday.

House endorses political laws

House endorses political laws JAKARTA (JP): The House of Representatives (DPR) passed three political bills into law by the set deadline on Thursday, but not before overcoming a number of last minute hitches.

Malaysia's blame of foreign media 'futile'

Malaysia's blame of foreign media 'futile'By M. Jegathesan KUALA LUMPUR (AFP): Malaysians have come to the defense of the foreign media following the latest attack by a cabinet minister that their reports represent the "biggest obstacle" to economic recovery.

Floods and landslides claim more victims

Floods and landslides claim more victims JAKARTA (JP): Floods in the Polmas regency in South Sulawesi killed at least one person, while about 200 houses were swept away on Wednesday and two were killed in a landslide that hit the Sambirejo district in Sragen, Central Java.

Bodies of three students recovered

Bodies of three students recovered PADANG, West Sumatra: Rescue workers have recovered the bodies of three students from Imam Bonjol Islamic Institute who were swept out to sea by waves at Carocok Beach on Tuesday.

Lifting provinces' DOM status

Lifting provinces' DOM statusBy Hendardi JAKARTA (JP): Three of the country's 27 provinces -- Irian Jaya, East Timor and Aceh -- stand out with their own characteristics and demands.And all three have long been under military rule as military operation areas (DOM).

Kamaruddin Panggabean dies at 80

Kamaruddin Panggabean dies at 80 JAKARTA (JP): Noted national sports figure Kamaruddin Panggabean died of respiratory problems on Wednesday. He was 80.He was buried at his home town of Sarbelawan, 120 kilometers east of the North Sumatra capital of Medan, in a funeral attended by hundreds of...

32 errant bus firms to be reprimanded

32 errant bus firms to be reprimanded JAKARTA (JP): The authorities will reprimand at least 32 intercity bus companies for their involvement in 47 cases of violating the regulation on fare increases during the Idul Fitri exodus, an official said.

Table of domestic helpers in Hong Kong

Table of domestic helpers in Hong Kong The 180,600 domestic helpers in Hong Kong come from countries across Asia, including India, Sri Lanka, Nepal, Bangladesh and even Singapore. However, by far the largest groups are from three Southeast Asian countries of the Philippines, Indonesia and Thailand.

Bali's Hyatt awarded

Bali's Hyatt awarded JAKARTA (JP): The Grand Hyatt Bali, a resort hotel in Nusa Dua, announced on Thursday that it recently received international recognition from two leading U.S. travel publications.The resort said that it was recognized by Conde Nast Traveler as the resort with the "Highest...

Ex-landowners to take over Kapuk Muara housing complex

Ex-landowners to take over Kapuk Muara housing complex JAKARTA (JP): Sixty-two families claiming to own the 36- hectare plot which was used to develop a housing complex in Kapuk Muara, North Jakarta, vowed to reoccupy their land unless they received proper compensation from the developer.

Habibie's support for Freeport's expansion roasted

Habibie's support for Freeport's expansion roasted JAKARTA (JP): Mining professionals and environmentalists have panned President B.J. Habibie's support for PT Freeport Indonesia to increase daily ore output at its Grasberg mine in Irian Jaya.

An honorable exit

An honorable exit The government's indication that it may be willing to consider granting East Timor independence is a major shift in policy that is both inevitable and late in arriving.The futility of the campaign to assimilate East Timor has grown increasingly apparent and the proposal to assign...

Tribunal told of senior officer's involvement

Tribunal told of senior officer's involvement JAKARTA (JP): A military tribunal trying 11 alleged abductors of political activists revealed on Thursday the involvement of higher-ranking officers who have yet to be processed legally.

European investors cancel plans in RI due to unrest

European investors cancel plans in RI due to unrest JAKARTA (JP): Many European investors have backed down from their plans to invest in Indonesia due to the high incidence of social unrest, a noted business envoy has said.

Central Java riots not organized

Central Java riots not organized YOGYAKARTA: Brig. Gen. Bibit Waluyo, who heads the Diponegoro Military Command overseeing Central Java and Yogyakarta, said on Thursday he had not found anything to suggest that a number of recent riots in Central Java had been incited by agents provocateurs.

Provinces to get more say on forest projects

Provinces to get more say on forest projects JAKARTA (JP): The Ministry of Forestry and Plantations plans to increase the budget allocations for local administrations in the 1999/2000 fiscal year in a bid to give them greater autonomy in managing the country's forest assets.

Central bank bill doesn't guarantee accountability

Central bank bill doesn't guarantee accountability JAKARTA (JP): The Econit Advisory Group, a think tank that concentrates on economic problems, criticized the government's central bank bill for its lack of clear-cut provisions to guarantee Bank Indonesia's accountability and transparency.

Nurse found dead in boarding house

Nurse found dead in boarding house TANGERANG (JP): An eighteen-year-old nurse was found hanged in the bedroom of her boarding house in Harapan Kita housing complex in Curug here on Tuesday evening.The body of Dwi Lestari, who worked at Siloam Gleneagles Hospital in Lippo Karawaci, was discovered by...

Indonesia's corporate debt restructuring to accelerate

Indonesia's corporate debt restructuring to accelerate SINGAPORE (Reuters): Corporate debt restructuring in Indonesia is gathering pace and may speed up if the potential for more political turmoil looms, Indonesian government advisers said on Thursday.

ABRI should come clean

ABRI should come cleanFrom DRIn a Jakarta newspaper, Gen. (ret.) Rudini recently asked the people to stop their aspersions against the Armed Forces (ABRI). Just a day before Minister of Defense and Security/ABRI Commander Gen.

Japan gives $20m to ASEAN fund

Japan gives $20m to ASEAN fund TOKYO (AFP): Japan has agreed to give US$20 million to a Southeast Asian fund designed to promote education, training and business exchanges in the region, the foreign ministry said on Thursday.

Dharmala upset by bankruptcy demand

Dharmala upset by bankruptcy demand JAKARTA (JP): Publicly listed PT Dharmala Sakti Sejahtera said on Thursday it was "extremely disappointed" with PT Hanil Bakrie Finance's decision to ask Jakarta Commercial Court to declare it bankrupt.

Thai's FDI slip 37%

Thai's FDI slip 37% BANGKOK (DPA): Thailand approved foreign investment projects worth 303.4 billion baht (US$8.4 billion) last year, a 37 per cent drop from 1997 figures, Board of Investment (BOI) officials said Thursday.

Labor export frims protest over workers' poor protection

Labor export frims protest over workers' poor protection JAKARTA (JP): Around 200 labor export companies have threatened to cancel their partnership with local insurance companies following their failure to provide protection for around 1,000 workers in Saudi Arabia and Malaysia.

Commercial court needs modernization

Commercial court needs modernization JAKARTA (JP): The poor performance of Indonesia's Commercial Court, particularly its lack of understanding of the complex nature of modern financial transactions, is a major bottleneck in developing an effective and efficient bankruptcy regime, analysts said...

Walhi calls for reallocation, decentralization of resource

Walhi calls for reallocation, decentralization of resource JAKARTA (JP): The Indonesian Forum for the Environment (Walhi) has called for the decentralization and reallocation of natural resources in a bid to boost the people-oriented economy as part of a reform agenda of environmental management.

Police investigating villagers' dispute

Police investigating villagers' dispute TANGERANG (JP): Local police detectives are still investigating Sunday's vandalism of an Islamic elementary school and a boat factory in Tanjung Burung village in Teluk Naga, an officer said."We really regret the cases.

Flushing work affects water service

Flushing work affects water service JAKARTA (JP): Poor tap water service will continue to affect customers in certain parts of the city over the next one to two years due to a pipeline flushing project, an executive at a tap water company said on Wednesday.

PAN leaders say goodbye to their civil servant jobs

PAN leaders say goodbye to their civil servant jobs JAKARTA (JP): Chairman of the National Mandate Party (PAN) Amien Rais and secretary-general Faisal Basri are among the first politicians who have decided to abandon their posts in the bureaucracy.

Court turns down bankruptcy petition against 'ANteve'

Court turns down bankruptcy petition against 'ANteve' JAKARTA (JP): The Jakarta Commercial Court turned down on Thursday a bankruptcy petition against local private television station ANteve, a unit of the Bakrie Group.The petition was jointly filed by Hong Kong-based IBJ Asia Ltd.

Social anarchy leading to disintegration

Social anarchy leading to disintegration Fear about social revolution gains strength as mass brawls and riots intensify throughout the country. Researcher Muhammad A.S. Hikam of the Indonesian Institute of Sciences believes that a social revolution will not occur.

Just say no to the IMF

Just say no to the IMFFrom NeracaThe Indonesian government should take necessary quick and bold corrective measures in the nation's economy following the failure of the International Monetary Fund (IMF) to hit the target in its economic salvation program.

Minister denies taking bribe from businessmen

Minister denies taking bribe from businessmen JAKARTA (JP): State Minister of Environment Panangian Siregar denied on Thursday he had taken a bribe from businessmen in the controversial planned importation of waste clay from Singapore.

Two retired generals summoned by police

Two retired generals summoned by police JAKARTA (JP): The National Police summoned two retired generals to give preliminary information on Wednesday about their suit against chief of the Supreme Advisory Council (DPA) A.A. Baramuli for an alleged slander.Lt. Gen. (ret.) Kemal A. Idris and Lt. Gen.

Pressure on rupiah remains; stocks also down slightly

Pressure on rupiah remains; stocks also down slightly JAKARTA (JP): The rupiah remained under pressure on Thursday, closing slightly down at 9,225 against the U.S. dollar, while stock prices ended the day 0.7 percent lower.Currency dealers said the rupiah hit an intraday low of 9,350 against the U.

Little holiday cheer for Indonesian workers in HK

Little holiday cheer for Indonesian workers in HKBy Sari Sartika Natley HONG KONG (JP): In late December, Hong Kong's Chek Lap Kok Airport was mobbed by Filipino domestic workers. They dragged luggage full of gifts and presents for their families.They were going home for Christmas.

Art Summit awards for media coverage

Art Summit awards for media coverage JAKARTA (JP): The Directorate General of Culture is scheduled on Friday to hand out awards to seven print and electronic media companies for their coverage of last year's Art Summit, which was held between September and October.

More than 20 firms bid in first forest auction

More than 20 firms bid in first forest auction JAKARTA (JP): More than 20 private companies, cooperatives and state timber firms have applied to join the country's first ever auction of forest concessions to be held early next month, a senior official at the Ministry of Forestry and Plantations...

House member dies during tough discussion

House member dies during tough discussion JAKARTA (JP): A member of the House of Representatives (DPR) collapsed and died on Thursday afternoon during the last in a series of tough sessions deliberating new laws designed to facilitate a general election in June.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Jan. 28, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,225.00 9,325.00 9,225.00 9,375.00 Australian dollar 1 5,699.05 5,899.75 5,680.00 5,980.00 Austrian schilling 1 767.00 779.11 - - Belgian franc 1 261.

Rp 86b earmarked for flood relief

Rp 86b earmarked for flood relief JAKARTA (JP): The National Development Planning Board has set aside funds totaling Rp 85.95 billion (US$9.3 million) for this year's flood relief program, an official said.

New city police spokesman installed

New city police spokesman installed JAKARTA (JP): Jakarta Police deputy chief Brig. Gen. Soetanto installed Lt. Col. Zainuri Lubis on Thursday as the new city police spokesman, replacing Lt. Col. Edward Aritonang.

Two nabbed for trafficking in ecstasy pills

Two nabbed for trafficking in ecstasy pills JAKARTA (JP): Police arrested two jobless men for allegedly trafficking ecstasy pills and crystal metamphetamine, known locally as shabu-shabu, in West Jakarta late on Wednesday night.Newly installed city police spokesman Lt. Col.

ABRI bows to people's will on E. Timor

ABRI bows to people's will on E. Timor JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto vowed on Thursday the military would support the people if they wanted East Timor to be separated from Indonesia.

WB vows conditional support for Indonesia

WB vows conditional support for Indonesia JAKARTA (JP): The World Bank pledged on Thursday to help finance Indonesia's 1999/2000 budget deficit estimated to reach 6 percent of gross domestic product.World Bank vice president for East Asia and the Pacific region Jean-Michel Severino, however, said...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 28, 1999: ---------------------------------------------------------- Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 375 0 0 AHAP Insurance 400 0 0 Alter Abadi 275...

Minister says govt will lower CPO export tax to 40 percent

Minister says govt will lower CPO export tax to 40 percent JAKARTA (JP): Minister of Industry and Trade Rahardi Ramelan announced on Thursday the current 60 percent export tax on crude palm oil (CPO) would be lowered to 40 percent on Feb. 1.

Recognition for Confucianism

Recognition for ConfucianismFrom Media IndonesiaAmien Rais' statement that he fully agrees with making Confucianism a state-recognized religion if it has real followers is heartening (Kompas, Jan. 25). Confucianists only want to see that their rights will find expression in this reform era.

'Peci' factory destroyed by fire

'Peci' factory destroyed by fire JAKARTA (JP): A fire gutted a Tanah Abang home industry that produces peci (national cap) in Central Jakarta on Thursday morning.No fatalities were reported, but the fire, that occurred at 7 a.m.

Australian rice aid

Australian rice aid JAKARTA (JP): The Australian embassy announced on Wednesday that the first of five Australian rice shipments has arrived in Surabaya, East Java, as part of its humanitarian assistance package to Indonesia.

RI beach volleyball team reshuffled

RI beach volleyball team reshuffled JAKARTA (JP): The Indonesian Volleyball Association has revamped the national men's beach volleyball team for this season's world series circuit at the expense of two Asian Games medalists.

ASEAN mulls tax incentives to attract foreign tourists

ASEAN mulls tax incentives to attract foreign tourists SINGAPORE (Agencies): In a bid to attract more tourism to the region, Southeast Asian nations are considering offering tax incentives to new tourism projects and liberalizing foreign equity ownership within the industry, officials said Thursday.

Astra International offers to return $45 million to creditors

Astra International offers to return $45 million to creditors JAKARTA (JP): Publicly listed PT Astra International said Thursday it has offered to spend up to US$45 million to buy back some of its $1.17 billion in unsecured debts.

CITES to send tiger mission to RI

CITES to send tiger mission to RI JAKARTA: The secretariat of the UN Convention on International Trade in Endangered Species (CITES) will send a technical mission to Indonesia in April to launch a campaign to save the tiger.

Transparency called for in granting of asylum

Transparency called for in granting of asylum JAKARTA (JP): Indonesia has called on the United Nations High Commission for Refugees (UNHCR) for transparency in its granting of refugee status to asylum seekers here.

Strong wind hits hundreds of houses in North Jakarta

Strong wind hits hundreds of houses in North Jakarta JAKARTA (JP): Hundreds of houses in the Kalibaru and Cilincing subdistricts of North Jakarta were damaged by a strong wind which hit the coastal area on Wednesday afternoon.

Security forces team finds five bodies found in North Aceh

Security forces team finds five bodies found in North Aceh JAKARTA (JP): A security forces team searching for two kidnapped marines have unearthed five bodies in North Aceh, Antara reported on Wednesday.North Aceh Police chief Lt. Col.