Indonesian Political, Business & Finance News

Archive: 8 January 1999

52 articles found

Barbiturate haul in Manado

Barbiturate haul in Manado MANADO, North Sulawesi: North Sulawesi Police seized about 8,200 nipam pills, a form of barbiturate, in Tuminting, Manado, Antara reported.North Sulawesi Police chief Col. Marsono said on Wednesday the pills were found in the house of a woman, identified as NP, on Monday.

City councilors criticize governor's idea on gambling

City councilors criticize governor's idea on gambling JAKARTA (JP): City councilors lambasted on Wednesday the idea proposed last week by Governor Sutiyoso to localize gambling dens in the capital.According to the councilors, either the governor does not know that gambling in Indonesia is illegal...

Ramadhan time for Jakarta

Ramadhan time for JakartaFridayMaghrib 6:15 p.m.SaturdayImsak 4:13 a.m.Subuh 4.23 a.m.

Search continues for missing boat

Search continues for missing boat GORONTALO, North Sulawesi: The search is still on for a fishing boat missing since last month in the Tomini waters here.Antara quoted the commander of the search operation for the Hidayatullah vessel, Sgt.Maj.

15 killed and 50 missing after Bali landslide

15 killed and 50 missing after Bali landslide JAKARTA (JP): Fifteen people died when a landslide struck Timbul village in Gianyar, Bali, on Thursday morning and rescue workers assisted by Pupuan hamlet residents were laboring to dig out an estimated 50 people still buried under the mud.

Most bankers unwilling to predict interest rates

Most bankers unwilling to predict interest rates JAKARTA (JP): Where are interest rates headed in 1999?A number of bankers interviewed on Thursday were reluctant to predict which way they are heading, citing uncertainties about future political developments and a number of economic trends in the...

Soeharto case not to be postponed

Soeharto case not to be postponedFrom MerdekaSoeharto's trial should not wait until after the general election because it is not impossible that the next government will again be in the hands of his cronies. It will make the case only a dream.

Malaysia palm oil faces difficult year in 1999

Malaysia palm oil faces difficult year in 1999 KUALA LUMPUR (Reuters): With the market awash with supplies, Malaysian palm oil could lose some of its shine in 1999 after a buoyant 1998, when local prices soared to a record high.

IMA's new lineup

IMA's new lineup JAKARTA (JP): The Indonesian Mining Association (IMA) has reshuffled its board to face increasing challenges to the mining sector in the political reform era.The association announced on Thursday that the association's extraordinary meeting on Dec.

18 arrested in drug den bust

18 arrested in drug den bust JAKARTA (JP): The city police late Wednesday arrested 18 teenagers, including a pregnant girl, for allegedly consuming shabu-shabu, the local name for the crystal methamphetamine, during a raid at a house believed to be used as a drug den in West Jakarta.

Aerowisata plans to expand

Aerowisata plans to expand JAKARTA (JP): Local hotel chain PT Aerowisata plans to buy more hotels in Bali this year despite the gloomy outlook for the tourist industry in the country.Aerowisata's executive vice president Toto K.

Value of free press

Value of free press In your Jan. 7 editorial Press freedom or fiefdom, the apt quotation from Thomas Erskine on the value of a free press reminds me of these lines from Thomas Jefferson (in a letter of January 1787): "...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 7, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 -50 209,000 AHAP Insurance 400 0 0 Alter Abadi 300 25 926,500 Alumindo Light Metal 300 0 150,000...

Bank Niaga ready for recapitalization step

Bank Niaga ready for recapitalization step JAKARTA (JP): The publicly-listed Bank Niaga said on Thursday it would conduct a rights issue next month to raise funds to finance its recapitalization plan.Vice president Arwin Rasyid said on Thursday that the bank may need some Rp 3 trillion (US$400...

Ginandjar to visit Tokyo to seek financial help

Ginandjar to visit Tokyo to seek financial help JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said on Thursday that he would meet with Japanese government officials on July 17 to seek more external financing to help plug the 1999/2000 budget deficit.

PLN lit up by loss of US$756 million

PLN lit up by loss of US$756 million JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) on Wednesday announced an unaudited loss of at least Rp 5.9 trillion (US$756 million) for 1998, up from Rp 579 billion in 1997.

Alms must be managed professionally: Habibie

Alms must be managed professionally: Habibie JAKARTA (JP): President B.J. Habibie on Thursday called for more transparent and professional management of zakat (obligatory alms for Muslims) as well as infaq and shodaqoh (voluntary alms) in a bid to better fulfill their purpose of helping the needy.

Hundreds involved in East Jakarta street brawl

Hundreds involved in East Jakarta street brawl JAKARTA (JP): Hundreds of youths were involved in a street brawl along Jl. Matraman in East Jakarta which left dozens of people injured on Thursday.No fatalities were reported, but at least 14 people were taken to Mitra Keluarga Hospital and Cipto...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Dari Lengser Sampai Semanggi, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta (Phone: 3458771), 11:30 a.m. to 7:30 p.m., until Jan. 14.

Election volunteers now in 22 provinces

Election volunteers now in 22 provinces JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) now has volunteers in 62 cities in 22 provinces, its secretary general, Mulyana W. Kusumah, said on Thursday.

Bomb hoax at Tangerang store

Bomb hoax at Tangerang store TANGERANG (JP): The mayoralty on Thursday received its first bomb threat this year when a shopping center in Ciledug district was told by an anonymous caller that an explosive device had been planted at the site.

Five sports top priority for Olympics

Five sports top priority for Olympics JAKARTA (JP): The National Sports Council (KONI) picked five sports on Thursday as priorities for the 2000 Olympics in Sydney.KONI chairman Wismoyo Arismunandar said badminton, boxing, taekwondo, weightlifting and windsurfing would be the focus of training...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 6:45 Healthy and Fresh 7:00 Children's Program: Lagu Anak Nusantara 7:30 TV Series 8:00 Music: Dendang Pagi 9:00 Music: Hiburan Keluarga 10:00 Interval 2:00 p.m.

Stocks surge 7.2% on Wall Street's rally

Stocks surge 7.2% on Wall Street's rally JAKARTA (JP): Share prices in the local stock market rallied for a third consecutive day on Thursday, rising 7.2 percent due to a persistent inflow of fresh offshore funds, stockbrokers and analysts said.

S&P upgrades RP outlook

S&P upgrades RP outlook NEW YORK (AFP): The U.S. agency Standard and Poor's on Wednesday raised its outlook on the Philippines' long-term credit rating from negative to stable, citing continued export growth and financial reform.

Acehnese separatist leader still on the loose: Military

Acehnese separatist leader still on the loose: MilitaryBy Budiman Moerdijat LHOKSEUMAWE, North Aceh (JP): The suspected leader of the Free Aceh separatist movement, Ahmad Kandang, was still at large and believed to be hiding under the protection of Kandang villagers, the military said here on...

Oil and gas contractors to spend US$5.3b

Oil and gas contractors to spend US$5.3b JAKARTA (JP): State-owned Pertamina's oil and gas contractors plan to increase exploration and production expenditures to US$5.3 billion this year, from last year's figure of $4.3 billion, on expectations of a recovery in oil prices after the economic crisis.

Malaysia plans to introduce 'exit tax' on foreign capital

Malaysia plans to introduce 'exit tax' on foreign capital KUALA LUMPUR (Reuters): The Malaysian government looks sure to relax capital controls by introducing an "exit tax" on foreign portfolio investments that are repatriated, a government official said on Thursday.

MasterCard appoints new head

MasterCard appoints new head JAKARTA (JP): MasterCard International announced on Thursday that industry veteran Jitendra "Sonny" Sannon has been appointed as the new senior vice president and general manager for the Southeast and South Asia regions.

Irian Jaya needs health specialists

Irian Jaya needs health specialists JAYAPURA: Seven general hospitals in Irian Jaya lack specialists, the head of the health agency here said.WE Kalalo was quoted Thursday by Antara as saying the institutions were in Wamene, Merauke, Manokwari, Serui, Nabire, Biak and Fakfak.

Militia will help foster sense of security: Wiranto

Militia will help foster sense of security: Wiranto JAKARTA (JP): The House of Representatives is holding off on a decision on the hotly debated plan to establish a civilian militia, which the Armed Forces (ABRI) argues is needed to help in law enforcement and restore a sense of security among the...

463 bodies admitted at PMI hospital

463 bodies admitted at PMI hospital BOGOR (JP): The number of bodies admitted to the Bogor PMI Hospital here in 1998 reached 463, a drop of 15 percent from the 548 in 1997, according to the hospital's data.

Disbursement of aid for community projects postponed

Disbursement of aid for community projects postponed JAKARTA (JP): The city administration has postponed disbursement of Rp 109.52 billion (US$14.6 million) in World Bank aid allocated for community development due to discrepancies in its proposed usage, an official said on Thursday.

Not militia but dialog

Not militia but dialogFrom MerdekaThe worsening safety conditions in the capital city have been used as the justification for establishing a militia (ratih = rakyat terlatih = trained civilians). In the current difficulties of the political, legal, economic and social situations, the idea of...

Police point to officials' hand in recent unrest

Police point to officials' hand in recent unrest JAKARTA (JP): The authorities have revealed that government officials and legislators may have been involved in recent unrest in various parts of the country.

Police and customs make big drug bust

Police and customs make big drug bust JAKARTA (JP): Police and airport customs and excise officers here on Sunday foiled a smuggling attempt of 1.9 kilograms of marijuana, 42 grams of cocaine and 148,700 ecstasy pills from Hong Kong and arrested two men suspected of being couriers for the syndicate.

Polls demand neutral monitors

Polls demand neutral monitorsBy Vedi R. Hadiz PERTH (JP): The general elections scheduled for June are supposed to restore the Indonesian people's trust in the government. Recently, the people's confidence in those running the country has been wearing very thin.

Experts split over merits of coalition government

Experts split over merits of coalition governmentBy Sugianto Tandra JAKARTA (JP): Observers agree a multiparty coalition government is inevitable after the June 7 general election, but are divided on whether it will lead to a weak government.

Djoko unsure of contesting KONI top post

Djoko unsure of contesting KONI top post JAKARTA (JP): Djoko Pramono showed on Thursday his lack of enthusiasm for joining the race to become the National Sports Council's next chairman, despite being hailed as a strong contender for the position."It is not our culture to show off.

A nice way to convey advice

A nice way to convey advice I agree with Mr. Peter Ganz of Semarang that foreigners should openly point out any shortcomings in Indonesia (The Jakarta Post, Jan. 4: Improved service vital for survival).

Flower trader stabbed by mistake

Flower trader stabbed by mistake JAKARTA (JP): A 25-year-old flower trader in Kebayoran Lama, South Jakarta, was stabbed to death on Thursday afternoon by a youth, who mistook the victim for a teenager who had been ridiculing him and his gang.

Shoe factory workers go on strike

Shoe factory workers go on strike TANGERANG (JP): Some 4,500 employees of a shoe factory in Balaraja have gone on strike and staged a noisy protest in their factory compound to demand their annual Idul Fitri bonus and holidays.The employees of PT Tae-Hwa Indonesia (THI) on Jl.

Chili sauce is a new tool in the criminal's arsenal

Chili sauce is a new tool in the criminal's arsenal JAKARTA (JP): Chili sauce was put to an unusual new use on Thursday when a hapless criminal used it as a weapon in a botched robbery.The man was caught by residents of Batu Ampar subdistrict in Kramat Jati, East Jakarta, early on Thursday morning...

Fear of unrest gives boost to insurance industry

Fear of unrest gives boost to insurance industry JAKARTA (JP): Many insurers cannot keep up with growing demand for extensive damage insurance coverage amid growing violence and worries over continued social unrest, industry executives said on Thursday.

Transportation firms to get Rp 52.52b loan

Transportation firms to get Rp 52.52b loan JAKARTA (JP): City-owned Bank DKI agreed on Thursday to apportion loans worth Rp 52.52 billion (US$7 million) to four transportation cooperatives and eight transportation companies in the capital next week.

Gus Dur meets Amien Rais

Gus Dur meets Amien Rais JAKARTA (JP): A breakthrough for the much-awaited national dialog came on Thursday with a meeting between leading Muslim figures Abdurrahman Wahid and Amien Rais.The closed-door meeting, held at the Hotel Indonesia in Central Jakarta, was arranged by New Society, a private...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Jan. 7, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,835.00 7,930.00 7,835.00 7,985.00Australian dollar 1 4,831.20 5,032.00 4,765.00 5,065.00Brunei dollar 1 - - 4,485.00 4,760.00Canadian dollar 1 5,017.

Economic crisis affects Tanah Abang vendors this Idul Fitri

Economic crisis affects Tanah Abang vendors this Idul FitriBy Juliane Gunardono JAKARTA (JP): The notorious traffic jams in the Tanah Abang area of Central Jakarta have gotten worse recently. Near the Tanah Abang market, cars, buses and mikrolet (mini-vans) crawl at a snail's pace if they are lucky...

Govt plans to restart marketing Natuna gas

Govt plans to restart marketing Natuna gas JAKARTA (JP): The government plans to restart marketing gas from the giant East Natuna gas field because the owner of the exploitation rights has developed new technology which can provide liquefied natural gas (LNG) at a much lower cost.

Two UKI students sue police for Rp 1b for wrongful arrest

Two UKI students sue police for Rp 1b for wrongful arrest JAKARTA (JP): Two Indonesian Christian University (UKI) students, detained for alleged involvement in kidnapping a police officer, are suing the city police for wrongful arrest.Rudi Pahala Simatupang Siburian and Edward Taurus B.

SE Asian monies stronger against dollar

SE Asian monies stronger against dollar SINGAPORE (Dow Jones): Southeast Asian currencies were generally stronger against the U.S. dollar in late, choppy trading Thursday, as the yen found new footing against the U.S.

A sound assessment

A sound assessment Though so far no official response has been given to the National Commission on Human Rights (Komnas HAM) annual assessment of human rights conditions in this country, it can be safely surmised that the document is not exactly being greeted as a welcome New Year's present by the...