Indonesian Political, Business & Finance News

Archive: 12 October 1999

48 articles found

Indonesia able to put religious discord to rest: Scholar

Indonesia able to put religious discord to rest: Scholar The following is an interview with Greg Barton Ph.D., an Australian expert on liberal Islam in Indonesia. JAKARTA (JP): For more than two years Indonesia has seen numerous outbreaks of unrest in many of its provinces.

Paiton asks PLN to return to power negotiations

Paiton asks PLN to return to power negotiations JAKARTA (JP): Independent power producer PT Paiton Energy asked state electricity company PT PLN on Monday to resume negotiations to settle the dispute over their power purchase contract and to drop both parties' plans to seek a legal solution to the...

Firm summoned for damaging old building

Firm summoned for damaging old building JAKARTA (JP): The City Council will summon a private developer for allegedly damaging a protected historical building on Jl. Teuku Umar, Menteng subdistrict, Central Jakarta, a councilor said on Monday.

Repsol to sell RI unit

Repsol to sell RI unit MADRID (Dow Jones): Grupo Repsol-YPF, the Spanish-Argentine oil and energy group, said Monday that it will sell its assets in the UK and Indonesia.A Repsol-YPF spokeswoman declined to say how much the asset sales would generate, but said the sales are part of the company's...

Flexibility vital for Golkar: Akbar

Flexibility vital for Golkar: Akbar JAKARTA (JP): Golkar Party chief Akbar Tandjung told an executive party meeting on Monday evening that it must be flexible to cooperate with other political parties in the coming days to reach "common goals".

Should foreigners speak out?

Should foreigners speak out? In his article in The Jakarta Post on Oct. 2, 1999: Let Indonesians choose a ruler, Nova Poerwadi responded to an article I wrote about Megawati Soekarnoputri's recent efforts in Newsweek to portray herself as a reform leader.

Inquiry halted into Soeharto's charities

Inquiry halted into Soeharto's charities JAKARTA (JP): Acting Attorney General Ismudjoko said on Monday he had decided to stop the year-long corruption investigation into former president Soeharto for lack of evidence.Ismudjoko told reporters after a meeting with President B.J.

Trial of a suspected drug dealer adjourned

Trial of a suspected drug dealer adjourned JAKARTA (JP): The West Jakarta District Court adjourned on Monday a trial of a woman charged with selling Nipam pills to at least 20 elementary school students after the woman asked for leniency.

Eight injured in Dayak rally

Eight injured in Dayak rally PONTIANAK, West Kalimantan: At least eight people were injured when police opened fire on some 300 Dayaks who attacked the provincial legislature on Monday.Seven protesters suffered gunshot wounds and a policeman was stabbed in the clash sparked by the tribesmen's...

MPR committee works to amend 1945 Constitution

MPR committee works to amend 1945 Constitution JAKARTA (JP): The People's Consultative Assembly (MPR) set up on Monday demarcation lines between presidential power and privileges to allow a check-and-balance arrangement to work well in the future.

Glodok Plaza to be rebuilt

Glodok Plaza to be rebuilt JAKARTA (JP): Almost a year and a half after last year's devastating riots, construction work will begin on the gutted Glodok Plaza electronics and computer shopping complex at downtown Kota in West Jakarta, an executive said on Monday.

RP to inspect former U.S. base

RP to inspect former U.S. base MANILA (AFP): A Philippine government task force will inspect the former U.S. air force Clark base to determine whether any hazardous waste was left behind, President Joseph Estrada's spokesman said on Monday.

Telkom's new `discount' hours

Telkom's new `discount' hours BANDUNG (JP): State-owned telecommunications company PT Telkom has proposed the government change the peak and off-peak hours for local long distance calls, a Telkom executive said on Monday."Peak hours would be from 8 a.m to 8 p.

Pertamina lost $4.69b, Bulog $840m: Auditors

Pertamina lost $4.69b, Bulog $840m: Auditors JAKARTA (JP): Independent auditors have found losses amounting to US$4.69 billion at state oil and gas firm Pertamina and Rp 6.7 trillion ($840 million at the current rate) at the State Logistics Agency (Bulog).

Habibie's unholy war

Habibie's unholy war With the presidential election only nine days away, President B.J. Habibie is under pressure to accomplish his national duties one by one. Yesterday, he dropped the curtain on a dramatic comedy show while demonstrating strong confidence concerning his future.

Industrially profound Banten area expects more tenants

Industrially profound Banten area expects more tenantsBy I. Christianto The Jakarta Post, in cooperation with Banten West Java Tourism Development Corporation, is presenting weekly issues on the Banten region. This week's issue is on industry.

Swallow's nest trade brisk during crisis

Swallow's nest trade brisk during crisisBy M.M.I. Ahyani LABUAN, West Java (JP): It is sometimes difficult to understand man's attitude toward and taste for food and medicine. Take a swallow's nest, for example.

PT Pos seeks alliances with private companies

PT Pos seeks alliances with private companies JAKARTA (JP): In a bid to expand nondocument forwarding services, state-owned postal service company PT Pos Indonesia is seeking business alliances with private firms, a company executive announced on Monday.

Soccer hooligans ready and waiting

Soccer hooligans ready and waiting SURABAYA: The annual soccer league championship final is still several months away, but thousands of soccer hooligans here are ready to flock to Jakarta in support of Megawati Soekarnoputri.

Fatal shooting sparks tough words

Fatal shooting sparks tough words JAKARTA (JP): Indonesia and Australia traded tough words on Monday as they reproached one another over the fatal shooting of an Indonesian police officer in Sunday's mix-up over the East Timor border.Foreign Minister Ali Alatas on Monday said the death of Pvt.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 11, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 475 0 4,000 AHAP Insurance 550 0 0 Alakasa Industrindo 250 0 0 Alter Abadi 300 0 40,000 Alumindo...

Fish bombs destroying Lampung's coral reefs

Fish bombs destroying Lampung's coral reefsBy Budisantoso Budiman BANDARLAMPUNG, Lampung (Antara): Despite a high incidence of tragic accidents, Lampung's fishing communities have expressed no sign of remorse for their use of explosives when catching fish.

Eastern team beats westerner in all-star duel

Eastern team beats westerner in all-star duel YOGYAKARTA (JP): The eastern division basketball team beat the western division 95-79 in the 1999 A Mild Kobatama all-stars meet, in a packed Among Rogo indoor stadium on Sunday.

TIM forums unearth rich cultural traditions

TIM forums unearth rich cultural traditions JAKARTA (JP): An international seminar and a festival on writing and oral traditions are two events exploring Indonesia's rich heritage to be held this week beginning on Tuesday at the Taman Ismail Marzuki Arts Center in Central Jakarta.

Graft law, rights tribunal rulings passed

Graft law, rights tribunal rulings passed JAKARTA (JP): With just a few days left to his term, President B.J. Habibie had a busy day on Monday issuing a decree on the establishment of an independent commission to keep tabs on state officials' wealth and signing a government ruling to set up a...

Indonesia ministers to sign Iraqi oil deals in Baghdad

Indonesia ministers to sign Iraqi oil deals in Baghdad BAGHDAD (Reuters): Indonesia will dispatch its trade and energy ministers to Baghdad on Tuesday to conclude oil and trade deals with Iraq under its oil-for-food arrangement with the United Nations, an official at the Indonesian embassy in...

Court to issue legal opinion on PwC report

Court to issue legal opinion on PwC report JAKARTA (JP): The Supreme Court will issue a legal opinion on whether the Supreme Audit Agency (BPK) should disclose the full report of the PricewaterhouseCoopers (PwC) audit of the transactions relating to the Bank Bali scandal, a government source said.

Two-hour deluge causes flood in Bogor

Two-hour deluge causes flood in Bogor BOGOR (JP): A two-hour heavy downpour on Sunday inundated Tegal Gundil village in East Bogor district, destroying at least five houses and damaging 66 others.Strong wind and rain hit the area on Sunday afternoon at about 5:30 p.m.

'TPI' broadcasts wildlife program

'TPI' broadcasts wildlife program JAKARTA (JP): Private television station TPI will begin broadcasting the 30-minute documentary Toyota World of Wildlife at 8:30 p.m. every Monday starting this week.Jointly produced by British Broadcasting Corporation (BBC), Discovery Channel and Sunset+Vine...

Mother, kids, friends caught in drug orgy

Mother, kids, friends caught in drug orgy JAKARTA (JP): A woman, her two adolescent children and two friends were arrested during a drug orgy in the woman's rented room at Gang Langgar in Taman Sari.West Jakarta Police chief Lt. Col.

Asian currencies mixed; Japan, U.S. holidays mute activity

Asian currencies mixed; Japan, U.S. holidays mute activity SINGAPORE (Dow Jones): Asian currencies were mixed in thin trading late Monday as holidays in Japan and the U.S. muted market activity.Traders said they had expected a relatively quiet session and got one, given the absence of any fresh...

MPR urged to stay on reform track

MPR urged to stay on reform track UJUNGPANDANG, South Sulawesi: At least 200 students marched through town on Monday to demand the People's Consultative Assembly (MPR) stick to the reform agenda.The students said they suspected that MPR members, who have convened in Jakarta, are busy bargaining for...

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Oct. 11, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,776.00 7,854.00Australian dollar 1 5,082.39 5,137.30Austrian schilling 1 600.20 606.79Belgian franc 1 204.73 206.98Brunei dollar 1 4,626.92 4,676.11Canadian dollar 1 5,277.

Demonstration of democracy

Demonstration of democracy On Oct. 8, 1999, President B.J. Habibie displayed democracy for a gathering of media representatives. The event was covered by TVRI and was seen and heard throughout Indonesia.

Exporters unable to benefit from BEI

Exporters unable to benefit from BEI JAKARTA (JP): Exporters have been unable to benefit from the newly established, state Bank Expor Indonesia (BEI) due to the bank's strict lending terms, the secretary general of the Indonesian Textile Association (API) said.

East Timor's independence

East Timor's independence If the East Timorese independence leaders based their strategies to achieve independence on Jim Aubrey's approach to and understanding of Indonesia (see TNI: The people's Army or the people's tyrant in The Jakarta Post, Oct.

Police say nothing to show Tanri's role in Baligate

Police say nothing to show Tanri's role in Baligate JAKARTA (JP): National Police detectives have been unable to find any sign of involvement of State Minister of the Empowerment of State Enterprises Tanri Abeng in the Rp 546 billion Bank Bali scandal, an officer said on Monday.

Transforming Indonesia's civil service

Transforming Indonesia's civil serviceBy Raphael Lengesa Nombo YOGYAKARTA (JP): The 1980s and 1990s are viewed as very challenging and meaningful decades for civil service reform in most developing countries.

RI near to forming rubber body

RI near to forming rubber body JAKARTA (JP): Indonesia, Thailand and Malaysia plan to set up an international rubber producers association to replace the International Natural Rubber Organization (INRO), an executive of the Indonesian Rubber Producers Association said on Monday.

Color photocopiers

Color photocopiersFrom KompasI attended PT Datascript's presentation of printers that can function as color photocopiers.I intend to buy one, but I am worried because, as far as I know, there was a regulation issued by Perum Peruri (Botasupal), the coordination board for the eradication of...

S'pore investors to stay

S'pore investors to stay SINGAPORE (DPA): Officials on Indonesia's Batam Island are assuring foreigners they will safeguard their investments despite the political and social instability in the country, a report said on Monday.

Hospitals struggle to survive during crisis

Hospitals struggle to survive during crisis JAKARTA (JP): The Indonesian Hospital Association (PERSI) on Monday warned of mass hospital closures across the country if the economy did not rebound."Most Indonesian hospitals are still suffering from the economic crisis which began in 1997", the...

Affairs of the heart as minister toes govt line

Affairs of the heart as minister toes govt line JAKARTA (JP): Its not easy being a top government official. Sometimes one has to conform to political protocol rather than following the heart.Juwono Sudarsono certainly felt his heart strings being tugged following the fatal shooting of several...

Seminar on food industries

Seminar on food industries JAKARTA (JP): In a bid to improve public nutrition during the economic crisis, the government, food experts and food-related companies will hold this month a two-day national seminar on food technology.The seminar from Oct. 12 to Oct.

Forex reserves rise slightly

Forex reserves rise slightly JAKARTA (JP): Indonesia's net foreign exchange reserves increased by US$39.6 million to $16.05 billion as of Oct. 7, from $16.01 billion in the previous week, Bank Indonesia (BI) said on Monday.

Lightning kills three boys, injures three others

Lightning kills three boys, injures three others JAKARTA (JP): Three teenage boys were killed instantly and three others severely injured when lightning struck a wooden farm hut they were sheltering in at Parigi village in Tangerang on Saturday afternoon.Tangerang Police chief Lt. Col.

Traffic jam swamps Denpasar

Traffic jam swamps Denpasar DENPASAR, Bali: A downpour, believed to mark the beginning of the rainy season, caused eight hours of traffic congestion here on Monday.Roads were flooded and there were power outages at some 30 traffic lights across town.

PDAM Jaya dismisses 12 protesting workers

PDAM Jaya dismisses 12 protesting workers JAKARTA (JP): The city-owned tap water firm PDAM Jaya has dismissed 12 of its "outspoken" employees starting from Monday for allegedly damaging the company's image by conducting a series of protests over the last six months.