Indonesian Political, Business & Finance News

Archive: 29 October 1999

52 articles found

TNI officers want end to dual function

TNI officers want end to dual function JAKARTA (JP): A number of high-ranking Indonesian Military (TNI) officers said on Tuesday the doctrine which gave the military its pervasive power prevented the institution from improving its professionalism. The military's assistant for general planning, Maj. Gen. Agus Wirahadikusumah, said the dwifungsi doctrine was "a bastard whose birth could not be prevented". Dwifungsi is the doctrine which established TNI's dual sociopolitical role.

Three crushed to death by train

Three crushed to death by train JAKARTA (JP): A man, his wife and their 15-year-old daughter were crushed by an Argo Bromo express train after they disembarked from their train on the wrong side of the tracks at the Pondok Kopi station in East Jakarta on Wednesday night. The couple's 13-year-old and 11-year-old sons, who also were present, survived the accident but one of them suffered serious injuries.

Launch date of 'Garuda-1' satellite delayed

Launch date of 'Garuda-1' satellite delayed JAKARTA (JP): The launch date of the new 'Garuda-1' telecommunications satellite owned by PT Asia Cellular Satellite (ACeS) has been delayed from its Oct. 31 launch schedule, a company official said on Thursday. ACeS business development manager Gema Suria told The Jakarta Post the delay was due to a technical problem found in the launcher vehicle Proton rocket.

Bank Danamon to face test before merger: BI

Bank Danamon to face test before merger: BI JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution said on Thursday plans by the Indonesian Bank Restructuring Agency (IBRA) to merge Bank Danamon with eight other nationalized banks could not yet be implemented because it had yet to fulfill the central bank requirements on merger and acquisition. Anwar said Bank Indonesia had yet to audit the new personnel of the board of commissioners and board of directors of Bank Danamon.

Indonesia quietly ends all claims to East Timor

Indonesia quietly ends all claims to East Timor JAKARTA (JP): The country's 24 years of unhappy rule of East Timor formally ended with little fanfare on Thursday with a letter informing the United Nations of Jakarta's decision to relinquish all legal claims to the territory. Indonesian Ambassador to the United Nations Makarim Wibisono presented the letter from President Abdurrahman Wahid to UN Secretary-General Kofi Annan in New York, Antara reported.

Habibie and Tutut skip official dinner

Habibie and Tutut skip official dinner JAKARTA (JP): Former president B.J. Habibie and Siti Hardiyanti "Tutut" Rukmana did not show up for dinner at the State Guest House on Thursday evening, having been invited by President Abdurrahman Wahid. Palace officials who announced the sudden cancellation of the dinner said Habibie was away on a private visit while Tutut, who was to attend on behalf of her ailing father former president Soeharto, declined without a clear explanation.

Southeast Asian currencies lose ground

Southeast Asian currencies lose ground HONG KONG (Dow Jones): Southeast Asian currencies in slipped back in quiet trading on Thursday as market players covered their short positions in the U.S. dollar ahead of the month's end. The rupiah continued to slip in response to increased sniping about the makeup of Indonesia's new cabinet, which just two days previously had been hailed as an artful political compromise. Toward the end of Asian trading, the U.S.

Military and driver in speech

Military and driver in speech BANDUNG: The reform movement bore more fruit on Thursday when a becak (three-wheeled pedicab) driver was given a chance to speak on the podium along with a top military official during a ceremony to celebrate the Youth Pledge Day. The ceremony, sponsored by poll monitoring organization Rector Forum, took place at the Gedung Merdeka. Among the noted figures present were West Java Military chief Maj. Gen.

David Glass Ensemble set to make children the stars

David Glass Ensemble set to make children the stars By Chris Brummitt JAKARTA (JP): After taking their most recent work to over 40 countries in the past three years, David Glass and his ensemble have recently arrived in Jakarta.

Wahid's new team

Wahid's new team Despite high hopes that President Abdurrahman Wahid's new government would herald a complete break with the past, it was inevitable that a handful of the old guard would receive a place. Previous regimes included some highly competent ministers, in addition to those tainted with the corruption and cronyism of the Suharto regime. Those figures are now, to the electorate's relief, consigned to the wilderness.

Rains affect KPC coal production

Rains affect KPC coal production By Wachyudi Soeriaatmadja SANGATA, East Kalimantan (JP): PT Kaltim Prima Coal (KPC), one of the country's major coal producers, might not be able to meet its production target of 15 million tons this year due to heavy rains during the first half of the year, according to one of the company's senior officials.

Businesspeople report 'fraudulent' seminar

Businesspeople report 'fraudulent' seminar JAKARTA (JP): At least 500 businesspeople from across the country reported to the police on Wednesday a fraudulent case which befell them after attending a one-day seminar on foreign trade, a police official said. Chief of Central Jakarta police precinct, Maj.

I will only lead in transition: Xanana

I will only lead in transition: Xanana By Dewi Anggraeni MELBOURNE (JP): The moment he entered the room, Jose Alexandre "Xanana" Gusmao exuded such warmth that everyone felt themselves wanted and appreciated. He did not move around affecting interest like politicians are likely to do. He was interested, and people knew he was. While he was obviously fit and healthy, and moved with a sure gait, it was hard to imagine this man having lived in the mountains for 16 years leading a resistance army.

Riverbank residents ready to face this year's floods

Riverbank residents ready to face this year's floods JAKARTA (JP): Considering it a regular activity, city residents living in flood-prone areas have made necessary preparations to "welcome" the upcoming rainy season. Residents said on Thursday that floods had been part of their lives, that there was nothing for them to complain about. "What we can do as poor families is just to find ways to survive.

Crumb rubber regulation

Crumb rubber regulation JAKARTA (JP): Indonesia's crumb rubber producers should use rubber raw materials processed under Indonesian National Standard (SNI) or ISO 9000 quality standards beginning from October next year, according to a new decree issued by the Ministry of Trade and Industry. The new decree also required crumb rubber producers to buy their rubber raw materials from licensed vendors, the ministry said in a statement on Thursday.

Newcrest's gold mine operating amid strife

Newcrest's gold mine operating amid strife MELBOURNE (Dow Jones): Australian gold miner Newcrest Mining Ltd. (A.NEW) is operating its Gosowong gold mine on Indonesia's Halmahera island with a skeleton staff after renewed civil unrest on the tiny island, a company official said Thursday. A violent dispute between the two villages of Kao and Malifut, about 25 kilometers from the mine, is discouraging some 180 local workers from turning up for work, Newcrest Mining Chairman Ian Johnson said.

War on drugs launched in Bogor

War on drugs launched in Bogor BOGOR (JP): The Bogor administration along with community and religious leaders here jointly declared on Thursday a war against drugs, gambling and prostitution in the town. The declaration was made after participants witnessed the burning of two kilograms of ganja and about 200 ecstasy pills which were seized a month ago by police during a drug operation.

Maid commits suicide

Maid commits suicide JAKARTA (JP): An 18-year-old women died on Wednesday evening after her married lover, who had promised to simultaneously commit suicide with her, remains alive and is currently under treatment at Magna Hospital in Ciledug, South Jakarta. The man, identified as Endang, was admitted to hospital on Wednesday after drinking insecticide at his house in the Pesanggrahan Permai Housing complex, South Jakarta.

Foreign, local experts search for ancient fish

Foreign, local experts search for ancient fish JAKARTA (JP): A joint Indonesian-German marine expedition will leave Muara Baru harbor in North Jakarta on Friday for a five- week voyage searching for the main colony of the ancient coelacanth fish (Latimeria menadoensis) in the waters off Sulawesi and Ambon.

Autonomy to phase out ministries

Autonomy to phase out ministries JAKARTA (JP): The government's plan to allocate greater autonomy to the provinces would eventually result in the phasing out of several ministries, State Minister of Regional Autonomy designate Ryaas Rasyid said here on Thursday. Ryaas said the full implementation of regional autonomy, expected to be achieved within the next two years, would mean that provinces would have greater control over their natural resources and fiscal policies.

U.S. to send treasury officials

U.S. to send treasury officials JAKARTA (JP): The U.S. government will send several senior officials from its treasury department to assist the economic team of the new Cabinet in handling the economic crisis. "The new Indonesian economic team has accepted our offer of assistance, so the officials will be here in the next two weeks," the new U.S. ambassador to Indonesia, Robert S.Gelbard, said at a news conference on Thursday.

Gunmen free 18 captives in RP

Gunmen free 18 captives in RP ILIGAN, Philippines (Reuters): A group of sacked security guards abducted 18 minibus passengers in the southern Philippines but freed them after negotiators promised help over unpaid wages, the military said on Thursday. The captives -- including 11 students and seven staffers of Mindanao State University (MSU) -- were kidnapped on Wednesday but were released 20 hours later to a government negotiating panel, a military report said.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 28, 1999: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 550 0 0 Alakasa Industrindo 300 0 7,500 Alter Abadi 350 25 500 Alumindo Light Metal 1,300 0 0 Aneka Kimia Raya 425 0 0 Aneka Tambang (Persero) 1,500 25 1,221,000 Anwar Sierad 225 -25 67,500 APAC Centertex Corp.

Genetically altered rice tested in Asia

Genetically altered rice tested in Asia MANILA (Reuters): Asia can look forward to a new generation of genetically altered rice, resistant to pests, floods and bacteria, following the success of field tests, a scientist at the International Rice Research Institute (IRRI) said. Swapan Datta, plant biotechnologist at the world's premier rice research institute, told Reuters late on Wednesday field experiments on the IR-72 and MH-63 rice plant types were the first in the region.

Sumitomo to close factory

Sumitomo to close factory TOKYO (DPA): Japan's Sumitomo Metal Industries Ltd. said Thursday it will withdraw from making electronic parts in the Philippines because dwindling demand has made the operation unprofitable. The steel-maker that has diversified into the field of electronic parts said the production line at the Philippine factory for manufacturing plastic package for MPUs (microprocessing units) was halted Oct. 15.

RI democracy: A new paradigm?

RI democracy: A new paradigm? I believe that the people of Indonesia can be optimistic about the Abdurrahman Wahid-Megawati Soekarnoputri duo. This is a good and winning ticket on paper. Now they face a tremendous task, putting Indonesia's economy back on track, knowing all the debts already accumulated under Soeharto's and Habibie's drives. To accomplish that task, they will need a clear vision looking right into the future of the country and its silent majority.

Singapore tourism officials rebut criticism

Singapore tourism officials rebut criticism SINGAPORE (DPA): Southeast Asia's cruise industry has made a huge leap in passenger and cruise vessel traffic since its beginnings and is more international than the U.S. sector, tourism officials said on Thursday in response to recent criticism. Although regional governments have yet to sink money into port infrastructure, interest from the private sector is increasing, said Lee Loong Koon, the Singapore Tourism Board's director of cruise marketing.

RP says Vietnam fired at plane

RP says Vietnam fired at plane MANILA (Reuters): The Philippines on Thursday accused Vietnamese troops of shooting at a Philippine aircraft over the disputed Spratly Islands and said it had expressed its "greatest concern" to Hanoi. Foreign Secretary Domingo Siazon said the Philippine Air Force plane was investigating a three-story concrete facility being built by Vietnam on a reef claimed by the two countries when it was shot at on Oct. 13. The plane was not hit.

Time was up for information ministry

Time was up for information ministry The new Cabinet line-up revealed the abolition of the Ministry of Information. Leo Batubara, a founder of the Indonesian Press Society (MPI) and secretary-general of the Union of Newspaper Publishers (SPS), talked to The Jakarta Post on this development. Question: Do you welcome the abolition of the Ministry of Ministry? Answer: Yes. We think the function of the ministry is still needed, but not the structure.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 28, 1999: Bank notes rates Buying Selling Rp Rp U.S.

Critics give Cabinet 100 days to prove itselft

Critics give Cabinet 100 days to prove itselft JAKARTA (JP): Criticism of the newly formed Cabinet continued on Thursday, however in the spirit of democracy and reconciliation many said they were willing to extend the nascent government a "trial period". The National Front (Barnas), a group of outspoken critics consisting mainly of former senior government officials and military officers, said it would give the new Cabinet 100 days to prove itself.

U.S. property firm sets up Asian wing

U.S. property firm sets up Asian wing SINGAPORE (AFP): U.S.-based property consultants Jones Lang LaSalle Inc's investment management arm will set up an Asian wing here to act as a conduit for investments into and out of the region. Christopher Brown, executive chairman of Jones Lang in Asia Pacific, said Thursday the Asian unit would be launched early 2000 for Asia-Pacific investors eager to expand their investments and for European and American investors seeking opportunities in the region.

Bogor uses pimp to net hookers

Bogor uses pimp to net hookers BOGOR (JP): The Bogor municipality has taken new steps to eradicate prostitution in the city by guaranteeing the freedom of a local pimp in exchange for information about prostitutes. The initiative was made after the arrest in the early hours of Thursday of a 51-year-old panderer, identified only as Y, who was apprehended after officials posing as clients were allegedly offered the services of prostitutes over the telephone.

End of an era

End of an era The omission of the Ministry of Information from President Abdurrahman Wahid's National Unity Cabinet, slated to be sworn in on Friday, befits Indonesia's nascent break from its autocratic past.

Cry for federalism rings out on Youth Pledge Day

Cry for federalism rings out on Youth Pledge Day JAKARTA (JP): Mounting demands for a federal state marked the celebration of Youth Pledge Day across the country on Thursday. Some 100 youths set up the National Committee for a Federal State (Konfed) and called on the People's Consultative Assembly (MPR) to amend the 1945 Constitution, which stipulates that the republic is a united, not federal, state.

Pertamina to bust fuel graft

Pertamina to bust fuel graft JAKARTA (JP): State oil and gas company Pertamina has formed a task force to stop the illegal sale of subsidized fuel to vessels traveling abroad, a company official said on Thursday. Company spokesman Ramli Djaafar said in a statement that under existing regulations, only vessels traveling to domestic destinations were allowed to buy fuel from Pertamina at a subsidized price.

President demands immediate disclosure of PwC report

President demands immediate disclosure of PwC report JAKARTA (JP): President Abdurrahman Wahid has asked for the audit report of the high profile Bank Bali scandal to be published immediately, newly appointed Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said. "There has been a demand from the President to publish the report as soon as possible," Kwik told reporters.

Prospective eye donors line up for Abdurrahman

Prospective eye donors line up for Abdurrahman SEMARANG (JP): Nahdlatul Ulama (NU) executive Imam Syafii called on Thursday for President Abdurrahman Wahid to accept an offer from prospective eye donors. Imam was responding to the unusual offer from a group of National Awakening Party (PKB) supporters in Yogyakarta. The group said on Wednesday they were prepared to donate their eyes to the country's new President, who is the PKB's founder and chairman of the 35 million-strong NU.

Hitler lived in Bandung?

Hitler lived in Bandung? The bunker in which Hitler and his bride Eva Braun supposedly committed suicide by hanging themselves south of the Brandenburg Gate, East Berlin, will be buried to avoid its misuse by neo-Nazi groups. Was it really there that the couple ended their lives? Some people are not sure. Years ago it was rumored that when the Allied Forces invaded Germany, Hitler and Eva Braun escaped by submarine to West Java, Indonesia. They eventually lived in Bandung.

The National Unity Cabinet

The National Unity Cabinet From Media Indonesia It is interesting to note the appointment of Juwono Sudarsono as Minister of Defense and Naval Admiral Widodo AS as Indonesian Military (TNI) Commander in the National Unity Cabinet. It is the first time that a civilian occupies the post of defense minister. Juwono is an expert on international relations.

Officers in hospital attack, returnees from E. Timor: Erald

Officers in hospital attack, returnees from E. Timor: Erald JAKARTA (JP): Preliminary results of a police investigation into last week's attack at the health facility of Jakarta Hospital in South Jakarta revealed the attackers were troops who had just returned from a battle zone in East Timor. National Police spokesman Brig. Gen.

Nabire has no council speaker

Nabire has no council speaker NABIRE, Irian Jaya: The Nabire regency has not yet inaugurated Col. Maulud Hidayat, its new legislative speaker, due to an objection by three members of the town's election board. Paulus Boby of the Golkar faction, Paskalis Butu and Nancy Worabay of the Indonesian Democratic Party of Struggle (PDI Perjuangan) resisted Maulud's election on Oct. 7, saying he was not a native of the regency. Maulud represents the Indonesian Military/National Police faction.

Kasyadi holds lead in Andersen tourney

Kasyadi holds lead in Andersen tourney JAKARTA (JP): Kasyadi from the Yani Golf Club in Surabaya stood at seven-under-par 209 to hold the third-round lead in the Rp 75 million (US$11,000) Andersen Consulting Challenge Golf Championship on Thursday. Kasyadi, who finished fourth at last year's tournament, also boasts, with one other golfer, the tournament's best round, a 69 which included four birdies and one bogey at the par-72 Pondok Indah Golf Course here.

Where to go in Jakarta: Friday, Oct. 29, 1999

Where to go in Jakarta: Friday, Oct. 29, 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 a boon for women?

Megawati a boon for women? By Santi Soekanto BRISTOL, United Kingdom (JP): Some overly optimistic observers have in the past speculated that having Megawati Soekarnoputri lead the country in a certain capacity would not only represent a historical milestone for Indonesian women, but also a real start to their political empowerment.

Gus Dur firm on closing ministries

Gus Dur firm on closing ministries JAKARTA (JP): President Abdurrahman Wahid was uncompromising on Thursday in defending his decision to abolish the ministries of information and social services. In an emotional statement to officials from the information ministry, the President said they should not act in self-interest but consider the concerns of society.

Ethiopia to import RI goods

Ethiopia to import RI goods JAKARTA (JP): The Ethiopian business community is increasingly preferring to directly import products from Indonesia instead of importing goods via third countries, a statement from the Indonesian Embassy in Ethiopia said on Thursday The statement said an increase in Ethiopian business delegations to Indonesia over the last few years confirmed a growing interest in the direct purchase of Indonesian products.

Scholar Arief Budiman optimistic about Indonesia's future

Scholar Arief Budiman optimistic about Indonesia's future The following is from an interview with Prof. Arief Budiman, chairman of the Indonesian Program at the University of Melbourne. The interview took place in Melbourne on Tuesday shortly before the announcement of the new Cabinet by President Abdurrahman Wahid, better known as Gus Dur. The "axis force" played an important role in the election of both Abdurrahman Wahid and Megawati Soekarnoputri.

A reconciliation cabinet

A reconciliation cabinet From the start, the realization prevailed that the current Abdurrahman-Megawati Cabinet was not a Cabinet of experts, but more one of reconciliation, or a politically oriented Cabinet. Considerations of honesty, integrity and political commitment were as important as professionalism in the selection of ministers. But professionalism alone, while putting personal and group interests before those of the nation as a whole, can have catastrophic consequences.

Susi saluted as she decides to hang up her racket for good

Susi saluted as she decides to hang up her racket for good JAKARTA (JP): The Badminton Association of Indonesia (PBSI) official in charge of athlete development acknowledged on Thursday that none of the current crop of Indonesian players showed the skills of longtime champion Susi Susanti. "I have yet to see any newcomers who have Susi's outstanding talent. PBSI needs to work harder to search for talented players," Mangombar Ferdinand Siregar said.

Morgan Stanley sees rupiah's value at 6,000 by year-end

Morgan Stanley sees rupiah's value at 6,000 by year-end JAKARTA (JP): Indonesia's newly established legitimate government will boost the rupiah's value against the U.S. dollar toward 6,000 by year-end, according to an estimate by the United States-based investment bank Morgan Stanley Dean Witter (MWD). "We see scope for the dollar-rupiah to trade toward Rp 6,000 by year-end," the investment bank said in its report.

Bhinneka, Panasia make winning start in A Mild

Bhinneka, Panasia make winning start in A Mild SURAKARTA, Central Java (JP): Bhinneka Sritex drubbed Cahaya Lestari Surabaya 73-54 before a vociferous home crowd on Thursday during the second day of the 1999 A Mild Kobatama National Basketball league's fifth series. CLS was still licking its wounds from a 38-82 humiliation to defending champion Panasia Indosyntec on Wednesday night at Bhinneka Basketball Stadium. Panasia will likely face a tougher test against Bima Sakti Nikko Steel on Friday.