Indonesian Political, Business & Finance News

Archive: 11 October 1999

45 articles found

Dipasena names underwriters

Dipasena names underwriters JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) announced on Friday the appointment of Credit Suisse First Boston and state owned PT Danareksa Sekuritas to lead manage the initial public offering (IPO) of PT Dipasena Citra Darmaja.

Three window washers killed as platform falls

Three window washers killed as platform falls JAKARTA (JP): Two of three window washers died instantly, and one died on his way to the hospital, when the scaffold they were using to wash windows on the sixth floor of the Tira building in Setiabudhi, South Jakarta, crashed to the ground, late Friday...

Quality is more important

Quality is more important I refer to the article in The Jakarta Post on Oct. 8, 1999 titled Drug rehab center turns away addicts. The title was inaccurate and misleading. Therefore, we need to clarify the state of affairs.It is true that the facility for drug addicts can only take 40 patients.

Portable CD-Writer, a perfect accessory

Portable CD-Writer, a perfect accessoryBy Zatni Arbi JAKARTA (JP): I've always recommended reformatting the entire hard disk and reinstalling everything -- Windows, antivirus utilities, Microsoft Office, Internet Explorer, etc.

Foreign airlines see improvement in RI flights

Foreign airlines see improvement in RI flights JAKARTA (JP): Several foreign airlines have reported a turnaround in their business in Indonesia and expected the revival will continue in line with signs of the country's economic recovery.

Why Habibie must go

Why Habibie must go The past week certainly was a busy one for President B.J. Habibie. Looking after the routine daily affairs of state and government alone would be exhausting enough to sap the energy of any person in this time of crisis. But not for our spirited incumbent chief executive.

Foreign exhibitors shun RI

Foreign exhibitors shun RI JAKARTA (JP): Foreign exhibition organizers are reluctant to hold exhibitions in Indonesia due to uncertainty about the country's situation, Herman Wiriadipoera head of the Association of Indonesian Exhibitor Companies (ASPERAPI) said on Saturday.

Fire claims 11 lives

Fire claims 11 lives WAMENA, Irian Jaya: Eleven people died and two others suffered serious burn injuries when a fire razed a house in Wagawaga village, Jayawijaya regency.Jumati, Jayawijaya's Assistant of Regional Administration Secretary, told Antara that the fire started when one of the victims...

U.S. court issues verdict on Enim oil field dispute

U.S. court issues verdict on Enim oil field dispute WASHINGTON (Dow Jones): A California jury has handed down an $11.7 million verdict against Triton Energy Ltd. in connection with a nine-year-old dispute over the Enim oil field in Indonesia, according to a Form 8-K filed with the Securities and...

Limit president's term of office

Limit president's term of office Among the subjects being discussed by the ad hoc committee of the People's Consultative Assembly (MPR) is amending the 1945 Constitution, including in regard to the president's term of office.

Manokwari hit by earthquake

Manokwari hit by earthquake MANOKWARI, Irian Jaya: An earthquake measuring 5.6 on the Richter scale shook the area surrounding Cendrawasih Bay here on Sunday afternoon.Antara reported that the quake's epicenter was believed to be 135 kilometers south of Manokwari and some 33 kilometers below sea...

Nippon, Cosmo Oil tie up

Nippon, Cosmo Oil tie up TOKYO (AFP): Japan's top oil distributor Nippon Mitsubishi Oil Corp. said Saturday it was considering a tie-up with the third largest distributor Cosmo Oil Co. Ltd."We are considering a tie-up with Cosmo Oil as we are facing the severe management environment and feeling the...

RP upbeat on Taiwanese investments despite despute

RP upbeat on Taiwanese investments despite despute MANILA (AFP): Philippine officials are optimistic of attracting more Taiwanese investment despite concerns in the private sector about the cancellation of direct flights from Taiwan.

Where to go in Jakarta:

Where to go in Jakarta:Museums * Bayt Al-Qur'an Museum, at Taman Mini Indonesia Indah, Bambu Apus, East Jakarta (Phone: 8416466), Monday to Sunday, 9 a.m. to 4 p.m. * Adam Malik Museum, Jl. Diponegoro 29, Menteng, Central Jakarta (Phone: 337403), Tuesday to Saturday, 9 a.m. to 3 p.m., Sunday, 9 a.m.

MPR undecided over presidential election procedures

MPR undecided over presidential election procedures JAKARTA (JP): The People's Consultative Assembly (MPR) completed deliberation on procedures of presidential nomination and election on Sunday, but left three major issues unresolved.

The clock is ticking for RI's television industry

The clock is ticking for RI's television industryBy Antariksawan Jusuf JAKARTA (JP): Indonesian television stations are biting their finger nails as their future remains uncertain. The legacy of Indonesia's former president Soeharto's 32 years in power could still wreak havoc on terrestrial...

Presidential candidates may have to present their causes

Presidential candidates may have to present their causes JAKARTA (JP): For the first time, an Indonesian candidate may have to publicly justify before the People's Consultative Assembly (MPR) why he or she is eligible to become president.

Qureshi wins Futures tourney

Qureshi wins Futures tourney JAKARTA (JP): Aisam Qureshi of Pakistan won the US$150,000 Indonesia Futures F5 tournament after defeating Danai Udomchoke of Thailand 5-7, 7-5, 6-3 in the final on Sunday.In the semifinal, Qureshi ousted Sebastian Da Costa of Indonesia 6-4, 6-2 on Saturday.

Levi's music contest next month

Levi's music contest next month JAKARTA (JP): High school students from several major cities will once again compete in the 1999 Levi's Music Brawl contest for cash prizes totaling Rp 14.5 million, trophies and gifts from the sponsors.

U.S. official wants swift repatriation of refugees

U.S. official wants swift repatriation of refugees JAKARTA (JP): The United States government urged Indonesia on Saturday to carry out a swift repatriation of East Timor refugees who wish to return to their homeland and immediately halt and disarm militias to ensure security in refugee camps.

INDRA plans to revise its debt relief scheme

INDRA plans to revise its debt relief scheme JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) plans to once again revise its debt relief scheme in a bid to attract more participants, according to executive secretary of the private sector debt restructuring team Irzan Tanjung.

Students get scholarships

Students get scholarships BANJARMASIN, South Kalimantan: Some 65,090 children in the province, from elementary to high school level, will receive scholarships in the 1999/2000 school year from the social safety net fund.

Myanmar boosts troops along Thailand border

Myanmar boosts troops along Thailand border MAE HONG SON, Thailand (AFP): Myanmar troops are pouring into border regions opposite Thailand's northern Mae Hong Son province and may be preparing to attack refugee camps here, sources said on Sunday.

Unidentified bodies buried in Bogor

Unidentified bodies buried in Bogor BOGOR (JP): After being stored and unclaimed for three weeks in the local Indonesian Red Cross (PMI) Hospital's morgue, five unidentified bodies were buried at Blender Public Cemetery in Kebon Pedes on Sunday.

State cars kept by councilors

State cars kept by councilors BENGKULU, Bengkulu: Councillors at the Bengkulu City Council apparently don't know the meaning of state owned property. At least that's the impression many get when they "refuse" to return official automobiles despite the end of the their term in office.

Truck hijacked on Cipaku toll road

Truck hijacked on Cipaku toll road BOGOR (JP): Three men hijacked a truck carrying 53 loudspeakers and 6.34 tons of fertilizer at the Cipaku tollgate in Tangerang on Thursday, police said over the weekend.Bogor Police chief Lt. Col.

No vendors at Mall

No vendors at Mall BANDUNG: Business around Cibadak Mall here was still far from normal on Sunday following a brawl which broke out between merchants and nearby residents late on Friday.The over 300 vendors, usually situated around the mall, were nowhere to be seen following a pledge by...

RI maid acquitted of complicity

RI maid acquitted of complicity SINGAPORE (DPA): An Indonesian maid who claimed she felt compelled to obey her Singapore employer's instructions to help him commit suicide has been acquitted, a report said on Sunday.

Glodok market to be rebuilt in December

Glodok market to be rebuilt in December JAKARTA (JP): The construction of the popular Glodok electronics market in West Jakarta, which was burnt to the ground during last year's May riots, is expected to start in December this year, a company executive said on Saturday.

Protesters burn effigy of Interfet commander

Protesters burn effigy of Interfet commander JAKARTA (JP): There were a series of rallies over the weekend in which people protested a variety of issues.Most of the groups held their protests at the increasingly popular traffic circle in front of Hotel Indonesia.

Govt to revise tax laws

Govt to revise tax laws JAKARTA (JP): The government plans to revise the country's six tax laws in order to simplify tax collection and increase tax coverage, according to a senior official at the directorate general of taxation.

Certified mail: Be sure your e-mail arrives

Certified mail: Be sure your e-mail arrivesBy Lim Tri Santosa BANDUNG (JP): E-mail has arrived. In just a few years, it has become the preferred means of business communication. But despite the near ubiquity of E-mail, most people do not entrust sensitive business documents to it.

Asia prepares for possible run on banks

Asia prepares for possible run on banks SINGAPORE (AFP): Asian central banks are backing up their calls for calm over the year 2000 Y2K computer problem by ensuring their economies have enough currency to cope with a possible run on banks ahead of the new year, officials said.

'Barongsai' awes Passer Baroe festival visitors

'Barongsai' awes Passer Baroe festival visitors JAKARTA (JP): Pasar Baru shopping complex in Central Jakarta turned into a venue for the Barongsai Chinese lion dance during its three-day shopping and cultural festival over the weekend.

Indonesia policeman dies in clash with UN force

Indonesia policeman dies in clash with UN force JAKARTA (JP): An Indonesian policeman was killed and two others injured on Sunday afternoon when soldiers from the International Force for East Timor (Interfet) shot at a border post, the Indonesian Military (TNI) said.

Religious instruction relevant: Minister

Religious instruction relevant: Minister JAKARTA (JP): Religion class in schools remains relevant to the life of today's students due to their need to maintain moral values, Minister of Education and Culture, Juwono Sudarsono says.

PNG to buy RI asphalt

PNG to buy RI asphalt JAYAPURA, Irian Jaya (JP): Papua New Guinea will import asphalt from Indonesia through the state oil and gas company Pertamina's units in Jayapura.The head of the Jayapura unit of Pertamina R.A.

Fund raised for victims

Fund raised for victims AMBON, Maluku: Some Rp 7 billion in donations and assistance has been raised for the Maluku administration to fund various rehabilitation and reconciliation programs in Ambon following widespread riots in the city since the beginning of the year.

Another dubious distinction

Another dubious distinctionFrom Panji MasyarakatThe protracted economic crisis and the happenings in East Timor have left us saddened and needing to take a deep breath. The behavior of some leaders and members of the political elite has worsened the country's dire situation.

Foreign firms still barred from fixed line telecom service

Foreign firms still barred from fixed line telecom serviceBy Christiani S.A. Tumelap JAKARTA (JP): Foreign companies will still be barred from directly providing fixed line telecommunications service in Indonesia until the monopoly is lifted in 2010, according to the newly launched Indonesian...

Golkar sticks with Habibie

Golkar sticks with Habibie JAKARTA (JP): The Golkar executive meeting which begins on Monday will likely retain the nomination of incumbent B.J. Habibie as its presidential candidate, senior party officials said.

Ethnic music gives new perspective to foreigners

Ethnic music gives new perspective to foreignersBy Rita A. Widiadana CANDI DASA, Karangasem, Bali (JP): In modern countries like Australia and New Zealand, traditional music still has a place.Roger Holdsworth, radio presenter from The Global Village, PBS-FM in Melbourne, Australia, and Piripi...

Closer presidential race to weigh on JSX

Closer presidential race to weigh on JSX JAKARTA (JP): Tightening competition around the country's presidential race will be a major influence on trading on the Jakarta Stock Exchange (JSX) this week, according to equity analysts.

Two neighbors at odds

Two neighbors at odds I read with keen interest Sukawarsini Djelantik's article on the Australian media as well as Dewi Anggraeni's analysis of the lack of mutual understanding between the Australian and Indonesian peoples (The Jakarta Post, Oct. 7).

A tale of Atma Jaya student's suffering

A tale of Atma Jaya student's sufferingBy Yogita Tahil Ramani JAKARTA (JP): Most people go through their entire lives with an understanding that bullets normally either cripple or kill their targets.However obvious in language or attitude this seems, most have no way of knowing first hand how a...