Indonesian Political, Business & Finance News

Archive: 9 January 1999

58 articles found

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Jan. 8, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,860.00 7,960.00 7,860.00 8,010.00Australian dollar 1 4,882.35 5,083.60 4,810.00 5,110.00Brunei dollar 1 - - 4,530.00 4,805.00Canadian dollar 1 5,030.

JSX shares fall four percent on profit taking

JSX shares fall four percent on profit taking JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) fell four percent Friday on profit taking after three consecutive days of gains, stockbrokers said.In the foreign exchange market, the rupiah slid to close at 8,000 against the U.S.

Survey workers protest dismissals

Survey workers protest dismissals JAKARTA (JP): Twelve people who were fired from their jobs at a surveying firm visited the Jakarta Legal Aid Institute on Tuesday seeking advice in their efforts to fight the dismissals.

Fresh riots explode in Karawang

Fresh riots explode in KarawangBy Ivy Susanti KARAWANG, West Java (JP): Thousands ran amok in Karawang on Friday, attacking police stations, burning cars and looting shops in the city's business district in the spillover from rumors a police officer assaulted a local on Thursday night.

Hard work fails to pay devidends for quarriers

Hard work fails to pay devidends for quarriersBy Agus Maryono CILACAP, Central Java (JP): The 45-year-old man was really sad when his six children asked him for new clothes to wear at Idul Fitri."I cannot think about buying clothes.

Govt to clamp down on poor fertilizer

Govt to clamp down on poor fertilizer JAKARTA (JP): The government plans to clamp down on producers and distributors of substandard fertilizers which have found their way to the market during the recent supply shortage of the product, a senior official of the Ministry of Agriculture said on...

Antam in good delivery list

Antam in good delivery list LONDON (Dow Jones): The London Bullion Market Association has added two new names to its London Good Delivery List for gold and silver, the LBMA said in a statement Thursday.The LBMA said from Jan.

Place the national interest first

Place the national interest first The stance which the Indonesian Armed Forces (ABRI) will be taking in the upcoming general elections is now known. Minister of Defense and Security/Armed Forces Commander Gen.

Standoff continues in Lhokseumawe

Standoff continues in Lhokseumawe LANGSA, Aceh (JP): Troops continued on Friday to seal off Kandang village near Lhokseumawe in the hope frustrated residents would hand over separatist leader Ahmad Kandang, believed to be in hiding with his followers.

Bank Niaga

Bank NiagaCorrection: In the article "Bank Niaga Ready for Recapitalization Step" which appears in this paper on Friday, it was reported that Harawi Sekawan Group took a majority stake in Bank Niaga. It was DB Nominees (Singapore) Pte Ltd, PT Dwikom Financindo and PT Lisindodirgahau Utama which...

Medal-winning athletes land bonuses from sports council

Medal-winning athletes land bonuses from sports council JAKARTA (JP): Indonesia's Asian Games medal winners and their coaches received bonuses from by the National Sports Council on Friday.The rewards cost the council Rp 1.

East Timor talks set to conclude in April

East Timor talks set to conclude in April JAKARTA (JP): Talks between Indonesia and Portugal on defining the special status for East Timor may be completed by April, opening the way for the decisive phase of negotiations on a final solution to the two-decades-old issue.

Student arrested for drug trafficking

Student arrested for drug trafficking BOJONEGORO, Central Java: A Jakarta student was arrested in possession of thousands of barbiturate pills, Antara reported Friday.Bojonegoro police chief Lt. Col. Kartno said police believe the student, identified as EB, had a drug network in the rural areas...

TV today

TV todayTVRI 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: Nasib 10:00 Interval 2:00 p.m.

More bodies found in Bali, bringing death toll to 27

More bodies found in Bali, bringing death toll to 27 JAKARTA (JP): Rescue workers in Gianyar, Bali, on Friday shoveled out 10 more bodies from beneath mounds of mud in landslide-stricken Pupuan hamlet, Timbul village, bringing to 27 the death toll from Thursday's disaster.

Students unite to push for free, fair polls

Students unite to push for free, fair polls JAKARTA (JP): Student groups proclaimed on Friday their common platform in the need to ensure a free and fair general election, after the diversity of their demands since Soeharto stepped down from the presidency last May.

Asian monies sidelined; market watches the yen

Asian monies sidelined; market watches the yen SINGAPORE (Agencies): Southeast Asian currencies were largely directionless during Asian trading hours on Friday, as regional markets played second fiddle to the see-saw swings of the U.S. dollar against the yen.

Amien still sees Soeharto as obstacle to national dialog

Amien still sees Soeharto as obstacle to national dialog JAKARTA (JP): Hours after a meeting between two leading Muslim figures any hopes of progress toward a national dialog were dimmed by the divisive issue of former president Soeharto's involvement in such a dialog.

Traffic chaos worsens

Traffic chaos worsens JAKARTA (JP): Motorists and pedestrians passing down the perennially crowded streets of Jatinegara and Tanah Abang must remain patient for a bit longer because the local authorities have decided to allow hoards of sidewalk vendors who block streets in the areas and cause...

Improving English teaching system

Improving English teaching system Referring to Gill Westaway's letter of Jan. 2, 1999, I would like to respond to her comments on my article published in The Jakarta Post on Dec. 28, 1998. And, at the same time, clarify some points countered by Ms.

Insurance brokers demand 'equal treatment'

Insurance brokers demand 'equal treatment' JAKARTA (JP): Many insurance companies in Indonesia are operating with limited capital which restricts their ability to expand, Chairman of the Association of Indonesian Insurance Brokers (ABAI) Rubianto said.

Teachers must produce critical students

Teachers must produce critical studentsBy Joko Kusmanto BANDUNG (JP): Indonesia is confronted with a lot of problems pertaining to its school and college practices (SCP). In fact, Indonesia's future, that is "how it will look in decades to come", relies much on its present SCPs.

KL imports 130,000 RI coconuts per day

KL imports 130,000 RI coconuts per day JAKARTA (JP): Malaysia imports at least 130,000 coconuts a day from Indonesia to cope with the commodity shortage during the Moslem fasting month of Ramadhan, Malaysia's top minister has said.

Road closure hits 'Ojek' drivers

Road closure hits 'Ojek' drivers PURBALINGGA, Central Java (JP): About 300 pedicab and ojek (motorcycle taxi) drivers from villages in Purbalingga regency staged a protest against the closure of main roads here on Thursday.The roads were closed because a bazaar was being opened.

Home sweet hut for 21 people: Cramped quarters for slum dwellers

Home sweet hut for 21 people: Cramped quarters for slum dwellersBy Jupriadi UJUNGPANDANG, South Sulawesi (JP): The big traditional house in the Bugis-Makassar style is in poor condition. Several parts of the corrugated zinc roof leak and the holes are covered with old clothes.

City facing serious social problems

City facing serious social problems JAKARTA (JP): The capital is facing the prospect of buckling under the strain of a number of serious social problems resulting from sharp increases in the number of jobless people coupled with the arrival of migrants from other parts of the country, a government...

Strike called after union plan thwarted

Strike called after union plan thwarted TANGERANG (JP): Some 400 workers at plastic bottle manufacturer PT Artha Manggala Mulia went on strike on Thursday, holding a rally on the grounds of the factory in the Curug district here to press their demands to set up their own branch of the All...

Two killed in truck accident

Two killed in truck accident MATARAM, West Nusa Tenggara: At least two died and 22 were injured when a truck with 24 passengers rolled over near the Newmont Nusa Tenggara gold and copper mine in Sumbawa, Antara reported on Friday.

Stock exchange

Stock exchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 8, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 475 0 78,000 AHAP Insurance 400 0 0 Alter Abadi 300 0 619,000 Alumindo Light Metal 300 0 252,500 Alumindo...

Devoted services

Devoted services I arrived at Soekarno-Hatta airport from Miami via Frankfurt by Lufthansa, flight number LH778 on the evening of Jan. 5, 1999. At the baggage collection belt, I noticed that one of my bags was missing.

Canada, RI in tax pacts

Canada, RI in tax pacts OTTAWA (Dow Jones): The Canadian government announced separate tax arrangements with Vietnam, Indonesia and the Netherlands.The Canadian Finance Department said a Canada-Vietnam agreement to avoid double taxation and to prevent tax evasion has now entered into force.

Mahathir names new deputy in major reshuffle

Mahathir names new deputy in major reshuffle KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad on Friday named a new deputy in a cabinet reshuffle aimed at consolidating his position four months after sacking former number-two Anwar Ibrahim.

Village office destruction probed

Village office destruction probed TANGERANG (JP): Police are investigating Thursday's destruction of the Kayu Agung village office and the house of the village head, an officer said on Friday."We are in the process of looking for the culprits who provoked villagers into attacking the two...

Sad tales behind the green farm

Sad tales behind the green farmBy Kafil Yamin BANDUNG (JP): Things seemed all right in Cikuya, a small village at the foot of Lagadar hill, West Java. Men and women were working on a huge, green farm stretching out in front of their neighborhood.

Theo reports tabloid to police for defamation

Theo reports tabloid to police for defamation JAKARTA (JP): A former top military officer, Maj. Gen. (ret) Theo Syafei, lodged a complaint against the newly established tabloid Abadi for slander on Friday at the headquarters of the Jakarta Police.

Budget for militia

Budget for militia On Dec. 23, 1998, the media printed an announcement by Information Minister Muhammad Yunus that for a militia of 40,000 men, a budget of Rp 300 billion has been reserved. On average, the cost will be Rp 7,500,000 per head.

Renegotiations with IPPs to start in February: PLN

Renegotiations with IPPs to start in February: PLN JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) said on Friday that negotiations with independent power producers (IPPs) concerning the renewal of power purchase contracts would start next month and might take two years.

Industrial estate sales drop as foreign investment falls

Industrial estate sales drop as foreign investment falls JAKARTA (JP): Declining investor interest during Indonesia's turbulence will continue to slow demand for industrial property this year after last year's downturn, according to a recent property report.

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.

Two more bomb hoaxes disrupt the capital

Two more bomb hoaxes disrupt the capital JAKARTA (JP): Two more bomb threats were received in the capital on Thursday, bringing the number of such threats so far this week to six. All have turned out to be hoaxes.

PBSI targets men's doubles title at World Championships

PBSI targets men's doubles title at World Championships JAKARTA (JP): The Badminton Association of Indonesia (PBSI) does not expect too much from the Sudirman Cup mixed team event championship in May, but is upbeat about retaining at least the men's doubles title at the subsequent World...

Proper place:

Proper place: Correction: Tisna Sanjaya's artwork titled Monumen Tiga Puluh Dua Tahun Berpikir dengan Dengkul (Monument of Thirty-two Years of Thinking with Our Elbows) as mentioned in Amir Sidharta's article in Thursday's edition, was exhibited at Yayasan Pusat Kebudayaan, not Yayasan Pendidikan...

Breakaway MPI backs govt plan for $48m fund use

Breakaway MPI backs govt plan for $48m fund use JAKARTA (JP): A breakaway reform group of the Indonesian Forestry Society (MPI) said on Thursday they supported the Ministry of Forestry and Plantations' decision to use the association's US$84 million savings to help cooperatives and two local banks.

Focusing on English teaching in RI

Focusing on English teaching in RIBy Simon Marcus Gower JAKARTA (JP): At the forefront of the minds of any genuine thinkers on the subject of language teaching ought to be the realization that teaching and/or learning a language is a highly practical consideration -- one in which learners of the...

Pius, Andi refuse to testify in the trial of 11 elite troops

Pius, Andi refuse to testify in the trial of 11 elite troops JAKARTA (JP): Pius Lustrilanang and Andi Arief refused on Friday to testify in the trial of 11 elite troops accused of abducting them and seven other political activists, citing their suspicions that the legal proceedings were unfair and...

Government to rely on WB, ADB to cover budget deficit

Government to rely on WB, ADB to cover budget deficit JAKARTA (JP): The World Bank (WB) and Asian Development Bank (ADB) will be the primary sources of external financing to plug the state budget deficit, National Development Planning Board chairman Boediono said on Friday.

Purworejo villages hit by flooding

Purworejo villages hit by flooding PURWOREJO, Central Java (JP): At least eight villages in Butuh district here were hit by floods when a reservoir lying adjacent to the Gebang Besar river collapsed.The head of Purworejo administrative district, Giritno, told The Jakarta Post that thousands of...

Soros invests in Seoul firm

Soros invests in Seoul firm SEOUL (AFP): U.S. financier George Soros is engaged in talks to buy into Seoul Securities Co., an official of the South Korean brokerage said Friday."It is true that Soros' Quantum Fund is engaged in talks with us," the official said. He declined to give details.

Used clothes get warm welcome

Used clothes get warm welcome JAMBI, Jambi: A market selling secondhand garments in Jambi town was crowded as people rushed to get "new clothes" for the family for the Idul Fitri festival, which falls on Jan. 19.

Kuntoro foresees no price rises for fuel, power

Kuntoro foresees no price rises for fuel, power JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto promised on Friday that the government would not increase prices of most fuel products on the domestic market during the coming 1999/2000 fiscal year.

Railway looters arrested

Railway looters arrested TUBAN, East Java: Police here arrested seven suspects for looting railways, while four others are still at large."They were caught red-handed when tearing the railway apart in the Klakah village in Plumpung district," police chief Lt. Col.

Contentious debate on civil servants rages on

Contentious debate on civil servants rages on JAKARTA (JP): Lawyer Bambang Widjojanto said on Friday that Golkar were correct to argue that barring civil servants from an involvement in political parties was tantamount to a violation of human rights.

Handle Aceh with care

Handle Aceh with care Some might have been shocked by news last week of clashes between troops and armed rebels operating in the hinterland of Aceh.Many were not. They long knew such an incident was inevitable, somewhere and sometime, in the northernmost province in Sumatra because long-standing...

Councilors warns against misuse of aid

Councilors warns against misuse of aid JAKARTA (JP): City councilors and a community activist on Friday said safeguards were needed to prevent patronage and malfeasance in the disbursement of Rp 109.52 billion (US$14.6 million) in World Bank community development aid.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturdayMaghrib 6:16 p.m.SundayImsak 4:14 a.m.Subuh 4.24 a.m.

Live TV shows

Live TV shows JAKARTA (JP): Sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):SaturdayEnglish soccer league: Arsenal v Liverpool, SCTV at 9 p.m.SundayItalian soccer league: Juventus v Bari, RCTI at 8:30 p.m.

Tax evasion?

Tax evasion? Based on my personal experience working with several foreign companies (PMA), joint-venture companies, herewith I would like to call on the government to investigate the tax evasion made by most of such companies for over five years.

Muslimin warns Tanri over timber firm chief

Muslimin warns Tanri over timber firm chief JAKARTA (JP): Miffed forestry minister Muslimin Nasution has warned State Minister of the Empowerment of State Enterprises Tanri Abeng over his decision to install his personal pick as president of one of the five state timber firms.