Indonesian Political, Business & Finance News

Archive: 23 October 1999

65 articles found

Three injured in gas stove explosion

Three injured in gas stove explosion JAKARTA (JP): Three people sustained serious burns after a new gas stove exploded on Friday morning at a house in Kelapa Dua, Tangerang, a hospital official said on Friday.

Drug trial moves forward

Drug trial moves forward JAKARTA (JP): A defendant told the Central Jakarta District Court on Friday that someone gave him more heroin than he expected in a drug transaction at Hotel Hannover in Tanah Abang, Central Jakarta, last April.

Aspac too strong for underdog Siliwangi

Aspac too strong for underdog Siliwangi BANDUNG (JP): Jakarta-based Aspac proved too strong for the outmanned Siliwangi, cruising to a 78-38 victory in the fifth and final day of action in the 1999 A Mild Kobatama National Basketball League's fourth series on Friday.

Analysts urge nation to continue with reforms

Analysts urge nation to continue with reforms YOGYAKARTA (JP): A party to celebrate the birth of the democratically elected government of popular leaders Abdurrahman Wahid and Megawati Soekarnoputri may have just started, but analysts warned people on Friday not to get carried away as rocky...

Excellent website

Excellent website I would like to convey my compliments on your excellent website. I see improvement to it every day. I am impressed that you have "scooped" Reuters, Kompas, The Wall Street Journal and other media in reporting Megawati's vice presidency.

Japan, China, S. Korea, ASEAN to form new forum

Japan, China, S. Korea, ASEAN to form new forum MANILA (DPA): The 10 members of the Association of Southeast Asian Nations (ASEAN) as well as Japan, China and South Korea will launch a new East Asian forum next month to address the region's security and economic concerns, a diplomatic source said...

To the President, congratulations!

To the President, congratulations!From Media IndonesiaOn 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).

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Oct. 22, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,741.00 7,356.44Australian dollar 1 4,383.67 4,431.98Austrian schilling 1 528.93 534.61Belgian franc 1 180.42 182.36Brunei dollar 1 4,041.37 4,084.58Canadian dollar 1 4,549.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Program 9:00 Music 10:30 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Sports 4:00 Regional News 4:30 English Lessons 5:00 Cultural Program 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News...

Funds exit Asian economies over Y2K

Funds exit Asian economies over Y2K HONG KONG (Reuters): Wary investors are moving money out of Asian countries seen as ill-prepared for the Y2K millennium bug, an expert at Warburg Dillon Read said on Friday.

Seven city museums receive face-lift

Seven city museums receive face-lift JAKARTA (JP): The city administration is currently beautifying all of its seven museums in a bid to attract more Jakartans to visit them, a city official said on Friday.

Noegroho says sorry again for hospital attack

Noegroho says sorry again for hospital attack JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman apologized on Friday for the disruption and damage caused to a part of Jakarta Hospital in South Jakarta by military officers on Wednesday night.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 22, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 475 75 74,000 AHAP Insurance 550 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 350 0 237,000...

DPR protesters claim Golkar betrayed Habibie

DPR protesters claim Golkar betrayed Habibie JAKARTA (JP): About 100 students and legislators claiming to represent the people of eastern Indonesian rallied at the House of Representatives on Friday to protest the Golkar Party's failure to clinch support for B.J.

Regional stock markets close generally mixed

Regional stock markets close generally mixed HONG KONG (AP): Asian stock markets closed mixed Friday, with the key index in Hong Kong surging nearly 3 percent following the decision by local conglomerate Hutchison Whampoa to sell its stake in British mobile phone company Orange to Germany's...

Presidential selection

Presidential selection Your editorial Going the extra mile dated Oct. 22, 1999, although beautifully written and sincere, seems to reflect your hopes -- that the purposes of democracy have been well served by the People's Consultative Assembly (MPR) in its selection of the new president and vice...

KL conference AIDS in Asia-Pacific

KL conference AIDS in Asia-Pacific KUALA LUMPUR (Agencies): Asia's largest AIDS conference has a heavy topic on its agenda: How to control the epidemic in countries where experts say the virus is growing at a faster rate than anywhere in the world.

New security forum 'not to override ARF'

New security forum 'not to override ARF' MANILA (Agencies): A proposal by the Philippines to form a new security forum in Asia will not override the functions of the ASEAN Regional Forum (ARF), the body's secretary general Rodolfo Severino said on Friday.

New government must tackle roots of restlessness

New government must tackle roots of restlessness With the presidential and vice presidential elections completed, the country enters a new phase amid much societal friction. After meeting with President Abdurrahman Wahid, popularly known as Gus Dur, influential Muslim scholar and poet Mustofa...

Vienna symphony orchestra to perform here

Vienna symphony orchestra to perform here JAKARTA (JP): Classical music lovers will be treated to a world-class concert by the Vienna Volksoper Symphony Orchestra here on Nov. 19, the organizing committee has announced.

Muhayat named city's new spokesman

Muhayat named city's new spokesman JAKARTA (JP): City Governor Sutiyoso installed Muhayat as the new spokesman for the city administration on Friday, replacing Kamaludin Santos."In an era of press freedom, the city spokesman should supervise press activities in the city, including the reporters...

Now the challenges

Now the challenges The political and social stability ushered in with a new government led by two respected, popular figures is predictably moving rallies from the streets to the foreign exchange and stock markets.

Dossiers prepared on Bank Bali suspects

Dossiers prepared on Bank Bali suspects JAKARTA (JP): The Jakarta Prosecutor's Office filed on Friday a dossier on four suspects in the high-profile Bank Bali scandal to the South Jakarta District Court, only two days after legislators elected a new president.

President meets with ASEAN envoys

President meets with ASEAN envoys JAKARTA (JP): As an indication of the continued importance Indonesia places on regional cooperation, newly elected President Abdurrahman Wahid met with nine envoys from the member states of the Association of Southeast Asian Nations (ASEAN) on Friday.

'It's time to reform ourselves'

'It's time to reform ourselves' The election this week of respected Muslim leader Abdurrahman Wahid as president and the leader of the Indonesian Democratic Party of Struggle (PDI Perjuangan), Megawati Soekarnoputri, as vice president signifies the beginning of national reconciliation, says...

The democratic tendency lingers on in Asia

The democratic tendency lingers on in AsiaBy Martin Woollacott LONDON: Indonesia today stands at a gate at which many other countries have presented themselves in recent years. It is the one which leads to democracy, but it is a tricky gate to open and the road beyond is trickier still.

Protests continue, affect trade

Protests continue, affect trade MERAUKE, Irian Jaya: An outbreak of violence which erupted here following news of the sinking of the Bimas Raya II ferry on Wednesday continued on Friday, with protesters damaging several government and private buildings.

Cambodia, Laos sign agreements

Cambodia, Laos sign agreements PHNOM PENH (Reuters): Cambodia and Laos signed agreements on power, road transportation and extradition, Cambodian state television reported on Friday.The media gave no details of the agreements, which were signed in the Lao capital of Vientiane, where Cambodian Prime...

Tourism in Bali returns to normal after riots

Tourism in Bali returns to normal after riots JAKARTA (JP): Business in Bali has gradually returned to normal after Megawati Soekarnoputri supporters went on the rampage on the resort island to protest her defeat in the presidential race.

MidAmerican relies on $290m insurance policy

MidAmerican relies on $290m insurance policy CHICAGO (Dow Jones): MidAmerican Energy Holdings Co. (MEC) said Thursday that it won't take a US$285 million charge as a result of failed investments in Indonesian power plants.

Several cities count the cost of recent riots

Several cities count the cost of recent riots JAKARTA (JP): As normality returned, several towns shook by unrest following Megawati Soekarnoputri's defeat in the presidential election began to count the losses on Friday.

RI's credit rating faces challenges: U.S. agency

RI's credit rating faces challenges: U.S. agency NEW YORK (AFP): The U.S. agency Standard and Poor's on Thursday warned that Indonesia's credit rating depended on how effectively its new leaders restore order, complete corruption probes and deal with the army.

Heavy storms hit Bandung

Heavy storms hit Bandung BANDUNG, West Java: Heavy rainstorms followed by hail hit major parts of the city on Friday.The areas of Lembong, Lingkar Selatan, Pagarsih, Buah Batu and Gede Bage were completely flooded.Most main roads in the city were abandoned as collapsed tree trunks blocked streets.

Asiapower to list on SES

Asiapower to list on SES SINGAPORE (Dow Jones): Singapore's Asiapower Investments Pte. Ltd. said Friday it has received in-principle approval to list on the main board of the Stock Exchange of Singapore.

KL palm oil prices mostly down

KL palm oil prices mostly down KUALA LUMPUR (Reuters): Malaysian palm oil prices ended the week lower, continuing their downward trend on weak sentiment despite some earlier firmness.Traders said underlying poor fundamentals continued to dampen market sentiment.

Irawati to meet Liza in Circuit semifinals

Irawati to meet Liza in Circuit semifinals JAKARTA (JP): The semifinal of the US$10,000 Indonesia Women's Circuit 4 will be an all-Indonesian affair after the victories on Friday of Liza Andriyani and Irawati Moerid Iskandar at the Danamon Tennis Complex in Kemayoran, Central Jakarta.

ASEAN upset by test ban treaty failure

ASEAN upset by test ban treaty failure MANILA (AFP): The Association of Southeast Asian Nations (ASEAN) is disappointed by the United States Senate's rejection of a landmark nuclear test ban treaty, ASEAN secretary-general Rodolfo Severino said on Friday."Obviously, it's very unfortunate.

Something for everyone at the flicks

Something for everyone at the flicks JAKARTA (JP): Here is the lineup of movies playing at local movie theaters, with reviews and grades by Rayya Makarim and Tam Notosusanto.Arlington Road; thriller; starring Jeff Bridges, Tim Robbins, Joan Cusack and Hope Davis. Directed by Mark Pellington.

'Drug dealers' arrested in Bogor

'Drug dealers' arrested in Bogor BOGOR (JP): Local police arrested two alleged drug dealers on Friday in an alley in Menteng, west Bogor, for possession of ecstasy.The two suspects, identified as A and L, admitted to trafficking drugs in Bogor for quite some time, Bogor Police chief Col.

Bouraq to serve Bengkulu

Bouraq to serve Bengkulu JAKARTA (JP): Bouraq Airlines will open a new flight service linking Jakarta and Bengkulu, central Sumatra, once a day beginning on Sunday."The new service, using Fokker-28 with a capacity of 80 seats, will depart Jakarta at 7:00 a.m. and depart Bengkulu at 8:30 a.m.

Sutiyoso pledges to repair roads to President's home

Sutiyoso pledges to repair roads to President's home JAKARTA (JP): Governor Sutiyoso said on Friday that the roads to President Abdurrahman Wahid's residence in Ciganjur subdistrict, South Jakarta, were in bad condition and needed to be repaired.

Convicted threatens prosecutor's life

Convicted threatens prosecutor's life MEDAN, North Sumatra: Sometimes being a prosecutor means having to tolerate threats after being successful at obtaining a conviction.That was the case for prosecutor Azis Rasaan who was openly threatened by Eko Sudarto after he was convicted of murder and...

Legend surrounds Jonker, Si Pitung

Legend surrounds Jonker, Si Pitung Just like in many other cities, protected sites are not always determined by their historical background but sometimes based merely on legend or local beliefs. The tomb of Kapitein Jonker and the traditional house of Si Pitung in Marunda subdistrict in North...

Outgoing state minister to build hospital in Bali

Outgoing state minister to build hospital in Bali JAKARTA (JP): Outgoing State Minister of Population/Chairman of the National Family Planning Board (BKKBN) Ida Bagus Oka hopes to make a happy return to Bali, the island of paradise where he was raised and nurtured his career.

Profit taking by investors hits stock market, rupiah up slightly

Profit taking by investors hits stock market, rupiah up slightly JAKARTA (JP): Share prices continued their rally in morning trading on Friday but ultimately ended the week lower as the euphoria faded over Megawati Soekarnoputri's election to the vice presidency.

Resumption of RI aid soon

Resumption of RI aid soon WASHINGTON (AFP): The deputy head of the International Monetary Fund on Thursday said he hoped to see a resumption in IMF credits to Indonesia "in a matter of weeks."IMF deputy managing director Stanley Fischer, speaking to journalists at a conference here, said the...

719 people to run in Bali Marathon

719 people to run in Bali Marathon JAKARTA (JP): Some 719 people, consisting of 563 Indonesians and 156 Japanese, will run in the 13th Bali Marathon on Oct. 24 at Sanur beach in Denpasar.Event organizer Arifin Hutabarat told Antara news agency on Friday that the number of participants had dropped...

Xanana gets hero's welcome in Dili

Xanana gets hero's welcome in Dili DILI (JP): East Timorese resistance leader Jose Alexandre "Xanana" Gusmao returned to the territory on Friday for the first time in nearly seven years and called for reconciliation in the territory.

Awaiting President's move

Awaiting President's moveFrom Rakyat MerdekaWith their hearts throbbing, the people witnessed every second of the process of the presidential election up to the election of Abdurrahman Wahid as Indonesia's fourth president.

Gus Dur and Mega asked to settle Maluku problems

Gus Dur and Mega asked to settle Maluku problems JAKARTA (JP): President Abdurrahman Wahid and Vice President Megawati Soekarnoputri are expected to promptly settle the lingering problems in Maluku, a group of the province's natives said on Friday.

World leaders welcome new RI team

World leaders welcome new RI team JAKARTA (JP): Congratulations pouring in for President Abuddrahman Wahid on Friday hastened following the election of Megawati Soekarnoputri as vice president.United States State Department spokesman James Foley said Washington hopes the new tandem will enhance...

Gus Dur, Megawati face first test

Gus Dur, Megawati face first test JAKARTA (JP): The first test of the credibility of the new government in solving the multi-faceted crisis is how acceptable the new Cabinet will be to the various political factions and the market (people), analysts here noted on Friday.

Where to go in Jakarta: Saturday, Oct. 23, 1999

Where to go in Jakarta: Saturday, Oct. 23, 1999Church Services * Church of Christ Worship Service in English, in the dining room, Graha Purna Wira Polri, Jl. Darmawangsa III no. 2, Kebayoran Baru, South Jakarta, on Sunday, 5 p.m. Further information contact Donald L. Goodman 336244.

The new reformist quartet

The new reformist quartet Since Oct. 21, 1999 this country has a new reformist quartet which will guide its people to enter the third millennium, after two days of drama full of tears of disappointment and joy.

Prospects for RI's recovery

Prospects for RI's recovery The following article is taken from a presentation at the Indonesia Next: Politics, Business and The Impact of Change Conference in Bali on Friday.By Mar'ie Muhammad JAKARTA (JP): After a long political struggle, the People's Consultative Assembly succeeded in electing...

DHL maintains Ambon service

DHL maintains Ambon service JAKARTA (JP): The DHL branch office in Ambon, capital of the Maluku province, has continued its operations despite the civil strife in the riot-torn city, a senior technical advisor from PT Birotika Semesta/DHL Worldwide Express announced on Friday in a statement.

ASEAN common currency idea wins ground

ASEAN common currency idea wins ground MANILA (Reuters): The idea of a common currency for the 10- member Association of Southeast Asian Nations (ASEAN) has gained ground but is still far from becoming reality, the grouping's head said on Friday.

Pertamina asked to clarify bribery report

Pertamina asked to clarify bribery report JAKARTA (JP): A legislator called on state oil and gas company Pertamina on Friday to clarify a report that it had awarded a business contract to a former legislator in return for his help in blocking the oil and gas bill.

180 golfers to contest c'ship

180 golfers to contest c'ship JAKARTA (JP): Seventy amateur and 110 professional golfers will compete in the second Andersen Consulting Challenge Golf Championship from Oct. 26 to Oct. 30 at the Pondok Indah Golf and Country Club.

No quick fix for Australia-Indonesia ties

No quick fix for Australia-Indonesia tiesBy Vivienne Stanton CANBERRA (Reuters): Australia sees the election of a new president in Indonesia as a chance to mend battered ties, but domestic pressure on Abdurrahman Wahid will make it difficult for him to respond.

RI lamp makers ask Egypt to waive tariff hike plan

RI lamp makers ask Egypt to waive tariff hike plan JAKARTA (JP): The Association of Indonesian Electric Lamp Producers (Aperlindo) has appealed to the Egyptian government to refrain from imposing a 110 percent import surcharge on lamps.

Asian monies extend rupiah-led rally

Asian monies extend rupiah-led rally HONG KONG (Dow Jones): As in recent days, trading in Southeast Asia's other currencies followed the rupiah's lead, with the baht slipping from its intraday high to end Asian hours down on the day, while the Singapore dollar eased after the morning's run-up to...

Regional representatives push for independent faction

Regional representatives push for independent faction JAKARTA (JP): The 130 regional representatives from 27 provinces gathered on Friday to express their determination to set up an independent faction at the People's Consultative Assembly (MPR) despite its earlier termination by the Assembly.

Investors, experts seek clean and stable government

Investors, experts seek clean and stable government JIMBARAN, Bali (JP): The restoration of public order, law enforcement and the elimination of corruption were identified on Friday by investors and observers here as priorities for the new government if Indonesia wanted to attract foreign capital.

Floods kill three

Floods kill three BANYUMAS, Central Java: Three people were killed and at least 52 houses were damaged when torrential rain caused flash floods and landslides in three districts here.The incessant rain, which began on Sunday, has caused landslides in three districts over the past three days.