Indonesian Political, Business & Finance News

Archive: 22 October 1999

53 articles found

Sports council sets criteria of selection for PON host bids

Sports council sets criteria of selection for PON host bids JAKARTA (JP): The National Sports Council is drawing up criteria for the selection of a province other than frequent host Jakarta as the site of the 16th National Games (PON) in 2004. KONI's vice chairman Arie Sudewo said on Thursday that the criteria would be adapted from the 18 main criteria set by the International Olympic Committee to stage a multisports event.

Baucau: A beacon of hope in devastated East Timor

Baucau: A beacon of hope in devastated East Timor By Andrew Marshall BAUCAU, East Timor (Reuters): In a territory where most settlements have been reduced to charred and mangled ghost towns, the city of Baucau stands as a beacon of hope. East Timor's second largest city did not escape unscathed from the violence that erupted following the territory's overwhelming August 30 vote for independence.

Megawati presidential loss talk of the town nationwide

Megawati presidential loss talk of the town nationwide JAKARTA (JP): Mixed reactions were the prevailing mood in different cities nationwide on Thursday following Indonesian Democratic Party of Struggle (PDI Perjuangan) leader Megawati Soekarnoputri's presidential election defeat to Muslim leader Abdurrahman Wahid a day earlier.

Gus Dur-Megawati seen as cure for the economy

Gus Dur-Megawati seen as cure for the economy JAKARTA (JP): Newly elected President Abdurrahman Wahid and Vice President Megawati Soekarnoputri are seen by both politicians and economists as having the ability to effectively cure the country's ailing economy. People's Consultative Assembly Deputy Speaker Kwik Kian Gie said both Megawati and Abdurrahman, popularly known as Gus Dur, would provide the country much-needed social and political stability.

Delphi in $100m Asian deals

Delphi in $100m Asian deals MAKUHARI, Japan (AFP): The world's top auto parts supplier Delphi Automotive Systems Thursday announced a string of new Asian contracts worth US$100 million and predicted tough industry consolidation. The U.S. firm, which until February this year was owned by auto giant General Motors Corp., said it has now signed three major contracts and negotiated seven acquisitions, joint ventures or partnerships in Asia this year.

Gus Dur keeps matters casual on first day

Gus Dur keeps matters casual on first day JAKARTA (JP): President Abdurrahman Wahid, in addition to tackling the country's economic and social troubles, must also take on the daunting challenge of conforming to state protocol. But he may be intent on relaxing some of the rules. Renowned for his warm and familiar manner, the President appears confirmed in receiving guests in his bare feet and chatting informally with them despite the trappings of his new status.

Residents rampage over late rescue plan

Residents rampage over late rescue plan JAKARTA (JP): Hundreds of residents of the Merauke regency, Irian Jaya, ran amok on Thursday in response to the slow rescue operation to search and rescue the victims of the sunken KM Bimas Raya II ferry, which sank in the Arafura sea off the regency on Monday evening. Antara reported from Merauke that mobs damaged and burned government buildings, houses and a market, paralyzing the economic and social activities of the city.

UPS builds Asian headquarter

UPS builds Asian headquarter SINGAPORE (Dow Jones): United Parcel Service of America Inc. Thursday broke ground on a US$38 million Asia-Pacific headquarters in Singapore, a news release said. The new facility, located near Singapore Changi Airport, will be completed in the second quarter of 2001, the statement said. It will replace four facilities scattered across Singapore and will also house UPS affiliate UPS Worldwide Logistics.

Create a happy ending

Create a happy ending From "Media Indonesia" The amount of demonstrations has increased in the days approaching the election of the fourth president of the Republic of Indonesia on Oct. 20, 1999. There is therefore no harm if the Indonesian people pray to God so that He will protect them and their country from destruction and violence brought about by human anger. The only way to do this is to surrender to God and request His help.

India's truckers hold strike to protest diesel price hike

India's truckers hold strike to protest diesel price hike NEW DELHI (AFP): More than two million Indian truckers launched an indefinite strike on Thursday to protest against a government move to increase diesel prices steeply, strike organizers said. The All India Motor Transport Congress, which represents 32 national cargo haulers' unions, said more than 2.2 million trucks went off the road to protest the 35-percent price increase.

SE Asian states eye 'development triangle'

SE Asian states eye 'development triangle' HANOI (Reuters): Vietnam, Cambodia and Laos have discussed the idea of creating a "development triangle" that would allow the sharing of economic and natural resources, official media reported on Thursday. The Vietnam News daily said this could involve the three countries sharing electricity, transport, labor resources and involve joint management of rare flora and fauna along their shared borders.

Jeep driver suspects bomb was planted in bag

Jeep driver suspects bomb was planted in bag JAKARTA (JP): The driver of the jeep which exploded on Wednesday in front of the Jakarta Hilton Convention Center (JHCC) in Central Jakarta said on Thursday that shortly before the deadly blast, a man in the crowd had handed them a bag. Asep Sugianto, 23, the driver of the Daihatsu Taft jeep, who was accompanied by three other men on the day, said the stranger told him that the bag contained bottled mineral water.

Look who's talking

Look who's talking JAKARTA (JP): Never believe the words of a stranger, wise men say. Apparently impressed by his commentary on the narrow defeat of then president B.J. Habibie's accountability speech, a television journalist interviewed a man who claimed to be a political analyst. "It's likely that Golkar will stick to its presidential candidate because of the close margin (of defeat of the accountability speech)," the talkative man, who looked neat in his coat and tie, began his analysis.

Calm returns to Surakarta after Wednesday's violence

Calm returns to Surakarta after Wednesday's violence SURAKARTA, Central Java (JP): Calm returned to the town on Thursday evening after being hit by one day of unrest. At least one died, scores were injured and dozens of cars, offices and business centers were either vandalized or destroyed by fire in a riot here on Wednesday.

Aspac nears finals with 87-63 win

Aspac nears finals with 87-63 win BANDUNG (JP): The odds-on favorite to capture the league title this year, Aspac, is poised to secure a berth in the league finals after a 87-63 victory over Citra Satria Pelita (CSP) in fourth-day action of the 1999 A Mild Kobatama National Basketball League's fourth series on Thursday. Aspac is undefeated in three games in the series at Padjadjaran basketball stadium here, while CSP has one victory and two losses in its three games.

Frustrated troops storm Jakarta Hospital

Frustrated troops storm Jakarta Hospital JAKARTA (JP): The quiet surroundings of Jakarta Hospital on Jl. Sudirman suddenly turned into a war zone on Wednesday midnight when some 50 frustrated military officers ran amok searching for suspected militant students hiding on the premises.

TNI wants colleague to be freed

TNI wants colleague to be freed DILI, East Timor (JP): A spokesman for the Indonesian military (TNI) said on Thursday that troops would remain in East Timor until Capt. IGK Hartawan, who is allegedly being held hostage by proindependence armed Falintil members, was freed. Deputy commander of the Indonesian Task Force for East Timor (Itfet) Col.

Mother, son killed at home

Mother, son killed at home JAKARTA (JP): A young mother and her son were killed on Wednesday afternoon in their one-room rental home in Lebak Bulus, South Jakarta, police and hospital officials said on Thursday. Komariah, 21, was found dead, lying on a mat with open wounds on her neck and right side of her abdomen, while her three-year- old son laid next to her with slash wounds to his head and neck. A forensic examination revealed the neck wounds were the cause of death.

Fearful city hides behind closed doors

Fearful city hides behind closed doors JAKARTA (JP): Business activities slightly stirred in the capital on Thursday after the previous day's violent clashes between security troops and supporters of Indonesian Democratic Party of Struggle (PDI Perjuangan) prompted many businesses to close their doors. Following the victory of Megawati in the afternoon, hundreds of her supporters flooded the main streets of the capital in the evening to celebrate her triumph.

Going the extra mile

Going the extra mile The election of Abdurrahman Wahid as president by the People's Consultative Assembly (MPR) was democratic, free and fair, transparent and, most importantly, constitutional, but it did little justice to the losing contestant, Megawati Soekarnoputri. She and her Indonesian Democratic Party of Struggle (PDI Perjuangan) have worked hard, perhaps more so than others, in enduring the tyranny of president Soeharto and finally effecting his fall.

A long way to go for Midori Orchestra

A long way to go for Midori Orchestra By Gus Kairupan JAKARTA (JP): What struck me first of all when I entered the Mutiara Ballroom of the Gran Melia Jakarta hotel were the bright red drapes that hung from a height of three meters and ran along the entire width of the stage at the back and sides of the orchestra. The occasion was a concert organized by the Embassy of the Kingdom of Spain as part of the commemoration of Spain's National Day. Their national day fell on Oct.

BEI channels $5 million in first export credits

BEI channels $5 million in first export credits JAKARTA (JP): Newly established Bank Expor Indonesia (BEI) has channeled a total of US$5 million in export credits since it began operations on Sept. 1, a bank official said here on Thursday. Speaking during a break in the 1999 Export Forum here, BEI director Budi Mulya said the credits were channeled to four export-oriented companies through a third-party bank. "We channeled the money to the four companies through Bank CIC," Budi said.

Where to go in Jakarta: Friday, Oct. 22, 1999

Where to go in Jakarta: Friday, Oct. 22, 1999 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. to 4 p.m. * National Museum, Jl. Medan Merdeka Barat 12, Central Jakarta: (Phone: 3811551), Tuesday to Thursday, 8:30 a.m. to 2:30 p.m., Friday, 8:30 a.m.

Megawati's victory calms unrest

Megawati's victory calms unrest JAKARTA (JP): Fresh unrest erupted in several cities nationwide on Thursday following Indonesian Democratic Party of Struggle (PDI Perjuangan) leader Megawati Soekarnoputri's presidential election defeat to Muslim leader Abdurrahman Wahid a day earlier. Riots rocked Bali, the traditional political stronghold of Megawati, on Thursday, paralyzing the capital of Denpasar with looting and arson as well as triggering disturbances in areas of Badung regency.

Assembly workers kick back, relax after session

Assembly workers kick back, relax after session JAKARTA (JP): Words were not enough to describe how many of the exhausted attendants and secretariat staff of the People's Consultative Assembly (MPR) felt as Assembly speaker Amien Rais banged the gavel to close the plenary session. "Tired," sighed Syaefudin, 43, as he slumped in his chair. Others yawned in response to the question of how they felt. Some mustered the energy to utter "You know the answer".

Megawati's personal struggle comes full circle

Megawati's personal struggle comes full circle JAKARTA (JP): The personal struggle of Megawati Soekarnoputri has come full circle, with her appointment as Indonesia's vice president. It was not the coveted presidency, but it will do, at least for the moment. From now on, she is virtually her own person. She can no longer count on the greatness of her late father, Indonesia's founding president Sukarno, the way she did in the early years of her political career.

Living with old forces under a new government

Living with old forces under a new government The old forces still play a key role in this 'reform era.' Political professor of the Yogyakarta-based Gadjah Mada University, Pratikno talks with The Jakarta Post on the issue. Question:Golkar reportedly agreed at the last minute to give its votes to Abdurrahman Wahid (Gus Dur). How do you see this? Answer: Golkar would surely have been a major contributor. After B.J.

Duff maintains Indonesian ratings

Duff maintains Indonesian ratings HONG KONG (Dow Jones): Duff & Phelps Credit Rating Co. said Thursday that it is maintaining its triple-C long-term foreign currency issuer rating on Indonesia, and it single-B-minus long- term foreign currency rating on Indonesia's Yankee bond due 2006. The outlook on the ratings remains stable. The statement comes a day after the surprise election of Abdurrahman Wahid, also known as Gus Dur, as president.

Police arrest dozens carrying explosives

Police arrest dozens carrying explosives JAKARTA (JP): Police detectives aided by local people arrested 53 people in two separate raids on Thursday for possession of Molotov cocktails and other explosives. In the morning, 35 people were arrested by detectives from the South Jakarta precinct at the Perbanas School of Economics on Jl. Genteng Hijau. The officers confiscated at least 35 Molotov cocktails and 15 plastic and glass bottles filled with fuel and equipped with wicks.

To the President, congratulations!

To the President, congratulations! From Media Indonesia On behalf of the co-members of the Movement for Justice and National Unity (GKPB) I congratulate Abdurrahman Wahid on his election as President in the 1999 General Session of the People's Consultative Assembly (MPR). In our opinion the presidential election took place in a democratic and transparent way, and in brotherly spirit.

Politics, sports: It's all a game

Politics, sports: It's all a game JAKARTA (JP): Perhaps due to his enthusiasm for sports, People's Consultative Assembly Speaker Amien Rais is eager to liken the presidential and vice presidential elections to sports matches. "The match will feature two competitors," he said upon announcing the presidential candidates -- Abdurrahman Wahid and Megawati Soekarnoputri -- on Wednesday.

Center provides facilities for historic session coverage

Center provides facilities for historic session coverage JAKARTA (JP): Despite the sudden influx of new media publications in this era of reform, the number of journalists covering the General Session of the People's Consultative Assembly (MPR) has nearly halved from the number that covered the MPR's session last year, an official has said.

New govt told to set up New Order-free Cabinet

New govt told to set up New Order-free Cabinet JAKARTA (JP): Analysts called on the newly elected Abdurrahman Wahid-Megawati Soekarnoputri government on Thursday to establish a "New Order free" cabinet. "I hope that there will be no element of the New Order (in the cabinet)," noted political analyst Soedjati Djiwandono told The Jakarta Post.

Crude oil price jump prompts inflation scare

Crude oil price jump prompts inflation scare By James T. Areddy HONG KONG (Dow Jones): At a time when crude oil prices are rising, Asian demand has picked up, which may make inflation a more immediate concern in the region's rebounding economies.

Texaco gas project in RP

Texaco gas project in RP MANILA (DPA): Texaco, one of the world's largest oil companies, Thursday acquired a 45 per cent stake in a US$2 dollar gas development project in the western Philippines, President Joseph Estrada said. Estrada said Texaco's investment in the Malampaya Natural Gas Development project off Palawan province, 600 kilometers southwest of Manila, was "a sign of the continuing confidence of the international business community in the Philippine economy".

Megawati elected as VP

Megawati elected as VP JAKARTA (JP): The curtains came down on Thursday on the three- week political drama at the People's Consultative Assembly (MPR) with the election of Megawati Soekarnoputri as the country's new Vice President. "To my children across the nation, I ask you to sincerely return to your work and not to engage in emotional acts, because as you can see for yourself your mother now stands on this podium," said Megawati in her acceptance speech.

Loan words in Bahasa Indonesia

Loan words in Bahasa Indonesia Mr. Setiono's interesting and sensible article Loanwords: Imperialism or modernization? in The Jakarta Post on Oct. 16, 1999 led me to think that two very important donor languages to Bahasa Indonesia, those of Portuguese and Dutch, were overlooked.

Press aware of pickpockets

Press aware of pickpockets JAKARTA (JP): During outdoor interviews, journalists covering the General Session of the People's Consultative Assembly always make full use of both their hands. They lunge to record statements, all the while keeping one hand on their belongings. "Watch out, pickpocket," a female journalist whispered to a colleague as a crowd of journalists crowded around Assembly Deputy Speaker Ginandjar Kartasasmita on Wednesday.

Rupiah, stock prices surge on hopes of Megawati as VP

Rupiah, stock prices surge on hopes of Megawati as VP JAKARTA (JP): Stock prices and the rupiah surged on Thursday on hopes that Megawati Soekarnoputri would be elected the vice president. The chairwoman of the Indonesian Democratic Party of Struggle (PDI Perjuangan) was elected later after the capital and currency markets closed. Securities analysts said that local investors rushed into the market at the start of the afternoon session after Indonesian Military chief Gen.

Toray expands RI factory

Toray expands RI factory TOKYO (Dow Jones): Japan's Toray Industries Inc.(J.TOR or 3402), a top maker of synthetic fibers, said Thursday it will invest Y2.4 billion to increase production capacity at its Indonesian spinning subsidiary. Toray said it will increase the number of spindles at P.T. Easterntex in East Java to 97,000 by November 2000 from 65,000 at present. P.T. Easterntex will finance the expansion project with its own funds and a loan.

Analysts applaud Abdurrahman and Megawati combo

Analysts applaud Abdurrahman and Megawati combo JAKARTA (JP): The combination of Abdurrahman Wahid and Megawati Soekarnoputri as president and vice president respectively will provide an effective national leadership in Indonesia, political observers said on Thursday.

Manual in bahasa a must for electronic goods

Manual in bahasa a must for electronic goods JAKARTA (JP): All electronics products sold in Indonesia must be accompanied by manuals and guarantee cards written in the Indonesian language, according to a new decree issued by the Ministry of Trade and Industry. The ministry said on Thursday the new regulation required electronics manufacturers to provide manuals containing complete information about the product's use, maintenance and specifications.

Supporters give more than words

Supporters give more than words JAKARTA (JP): It was a nerve-racking count of votes for the vice presidency when Megawati Soekarnoputri was pitted against Hamzah Haz on Thursday. But laughter was not brushed aside, as some members of the People's Consultative Assembly demonstrated in the comments they wrote on their ballots in favor of Megawati, chairwoman of Indonesian Democratic Party of Struggle.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 21, 1999: Bank notes rates Buying Selling Rp Rp U.S.

Three national players reach quarterfinals in Circuit meet

Three national players reach quarterfinals in Circuit meet JAKARTA (JP): Three national players reached the quarterfinals of the Indonesia Women's Circuit 4 after winning their matches on Thursday at the Danamon tennis complex in Kemayoran, Central Jakarta. Old hand Irawati Moerid Iskandar survived her match after winning 6-3, 6-3 over teammate Mudarwati. Irawati, a mother of one, will face junior Angelique Widjaja.

Israel welcomes new President

Israel welcomes new President JAKARTA (JP): As congratulatory statements continue to pour in on from around the world following Abdurrahman Wahid's election to the presidency, a leading politician from Israel -- a country which Indonesia refuses to initiate diplomatic ties with -- also welcomed the new President.

E. Timorese want insurance payments

E. Timorese want insurance payments MAUMERE, East Nusa Tenggara: Twenty-seven East Timorese demanded on Wednesday PT Sinar Mas insurance company pay their claims from the unrest in the East Timor capital of Dili following the Aug. 30 self-determination referendum in the territory. "The incident in Dili, the fires and the destruction of buildings, is a catastrophe. None of us wanted this to happen," Simon Marcelinus, one of the customers, said on Wednesday.

Cigarette theft stopped in Bogor

Cigarette theft stopped in Bogor BOGOR (JP): Local police arrested three people allegedly involved in the theft of a truck container carrying 380 boxes of cigarettes worth a total of Rp 500 million. The three suspects are a cigarette broker, a dealer and a prospective buyer, Bogor Police chief Col. Hari Setyabudi said on Wednesday. The cigarettes of the popular brand Djarum Coklat were supposed to be delivered to West Sumatra, instead of Bogor, Hari said.

How about a night of classical music

How about a night of classical music JAKARTA (JP): A series of classical vocal music concerts, dedicated to 500 years of music ranging from the Renaissance to Broadway, will take place at The Dharmawangsa in South Jakarta starting on Friday, Oct. 22. The series is entitled Bel Canto, or beautiful song in Italian, a term that describes the singing style popularized across Europe in the 18th century when great value was placed upon the dynamic beauty of the human voice.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 21, 1999: Shares Close Change Trading Volume ---------------------------------------------------------------- Ades Alfindo 400 -100 5,000 AHAP Insurance 550 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 350 25 431,000 Alumindo Light Metal 1,175 0 0 Aneka Kimia Raya 425 0 0 Aneka Tambang (Persero) 1,575 75 3,997,000 Anwar Sierad 275 25 457,000 APAC Centertex Corp.

IMF and WB ready to work with new RI government

IMF and WB ready to work with new RI government WASHINGTON (Reuters): The World Bank and International Monetary Fund congratulated Indonesia's new president on Wednesday and said they were ready to work with the government there to realize Indonesia's immense potential.

Condescending attitude

Condescending attitude Is it any surprise that the Indonesian media holds such a negative view about the Australian-led mission in East Timor, and the Australian press in general? On Oct. 14, 1999 when asked about video footage of militia members in Liquica, Interfet Commander Peter Cosgrove snidely remarked that the footage "didn't come from East Timor", and sarcastically implied that it was propaganda launched by the Indonesian media.

Nandar instructs team to secure midfield

Nandar instructs team to secure midfield JAKARTA (JP): Indonesia's national team coach, Nandar Iskandar, said his players would have to control the midfield to win their first match against Hong Kong in the home-and-away prequalifying round of the Asian Cup at Mong Kok Stadium, Hong Kong, on Sunday. Nandar said the Hong Kong team's midfield were quick and accurate in controlling and passing the ball on to the forwards.