Indonesian Political, Business & Finance News

Archive: 30 October 1999

64 articles found

SCB sees Bank Bali confidence return

SCB sees Bank Bali confidence return BANGKOK (Dow Jones): The group chief executive of Standard Chartered Bank PCL (SCB) said Friday that Indonesian public confidence in Bank Bali has returned despite a major political scandal involving the bank.The U.K.

Political commitment key to ASEAN reforms: Malaysia

Political commitment key to ASEAN reforms: Malaysia KUALA LUMPUR (AFP): Southeast Asian countries need strong political commitment to carry out reforms to shore up the emerging economic recovery, Malaysia's finance ministry said Friday.

Newly open museum takes visitors to historic Java

Newly open museum takes visitors to historic Java YOGYAKARTA (JP): A new museum that takes visitors to historic Java is now open in the ancient city of Yogyakarta.Museum of Javanese Culture, which opened on Oct. 21, does not display its collections like most museums do.

E. Timor, Spratlys to figure at ASEAN summit

E. Timor, Spratlys to figure at ASEAN summit MANILA (Reuters): Southeast Asian leaders will discuss East Timor's future and a code of conduct to prevent conflicts in the South China Sea when they meet next month, Philippine Foreign Secretary Domingo Siazon said on Friday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 29, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 475 0 40,000 AHAP Insurance 550 0 0 Alakasa Industrindo 300 0 7,000 Alter Abadi 325 -25...

Marine sectors promising

Marine sectors promising SEMARANG (JP): The country could earn about US$10 billion in foreign exchange annually from the fishery and marine sectors in the next four years if they are professionally developed, local economist Soetoyo Abadi said on Friday.

Chuan calls for security restraint

Chuan calls for security restraint BANGKOK (Xinhua): Thai Prime Minister Chuan Leekpai urged authorities concerned to exercise restraint after a major scuffle between police and protesting tapioca farmers, state television station Channel 9 reported on Friday.

Telkom rejects joint venture mechanism with KSO partners

Telkom rejects joint venture mechanism with KSO partners JAKARTA (JP): State-owned telecommunications firm PT Telkom rejected on Friday the proposal from its Joint Operation (KSO) partners to form a joint venture firm as an alternative solution to the existing flawed and full-of-conflict...

Yapto's son detained in cafe owner beating

Yapto's son detained in cafe owner beating JAKARTA (JP): City police detectives have detained Yedidiah S.K. Soerjosoemarno, son of the chairman of the Pemuda Pancasila youth organization Yapto Soerjosoemarno, for the alleged physical assault of a cafe owner last Saturday.

Halloween tricks and treats around the city

Halloween tricks and treats around the city JAKARTA (JP): This weekend is the time to dress up, be creative and have fun in celebrating the hijinks of Halloween, the festival of the dead.Entertainment spots across the city are using the Halloween spirit to lure would-be witches and ghosts to get...

UGM gets tractors from Texmaco

UGM gets tractors from Texmaco YOGYAKARTA: Tractor manufacturer PT Texmaco Perkasa Engineering donated 10 tractors to Gadjah Mada University (UGM) on Thursday.Company president Marimutu Sinivasan handed over the tractors to university rector Ichlasul Amal in a brief ceremony at the university's...

Bus burned as violence mars students protest

Bus burned as violence mars students protest MAKASSAR, South Sulawesi (JP): A group of students set a state public bus alight here on Friday as two weeks of demonstrations demanding an independent state heated up.

TNI members set to leave E. Timor within 48 hours

TNI members set to leave E. Timor within 48 hoursBy Budiman Moerdijat and Lourenco Vicente Martins DILI, East Timor (JP): The last 1,000 personnel of Indonesian Military (TNI) in East Timor are expected to be withdrawn within the next 48 hours, the spokesman for the International Force for East...

Comprehensive settling of KKN

Comprehensive settling of KKNFrom Rakyat MerdekaWe, who belong to the Alumni Communication Forum of the Catholic Students Association of the Republic of Indonesia, state that along with the rest of the Indonesian people we congratulate KH Abdurrahman Wahid and Megawati Soekarnoputri on their...

President puts aside protocol to meet protesters

President puts aside protocol to meet protesters JAKARTA (JP): President Abdurrahman Wahid and Vice President Megawati Soekarnoputri shrugged off security protocol to meet hundreds of people who staged a protest across the street from Merdeka Palace on Friday.

Crime rate jumps during MPR

Crime rate jumps during MPR JAKARTA (JP): The crime rate during the recent General Session of the People's Consultative Assembly (MPR) increased 1.7 percent from the rate recorded two and a half weeks before its commencement, the chief of the city police's center of operations and control said.Col.

Home affairs minister Surjadi vows to reform bureaucracy

Home affairs minister Surjadi vows to reform bureaucracy JAKARTA (JP): Newly-sworn-in Minister of Home Affairs Surjadi Soedirdja said his main goal would be to improve the departments' poor image by cracking down on corruption and enhancing its service to the public.

RI-Australia friendship

RI-Australia friendship Due to recent events in East Timor, I wish to write to assure you of the Australian Council of Trade Unions' (ACTU's) continuing feelings of friendship toward the workers and people of Indonesia.

Foreign fund managers warm toward Indonesian Cabinet

Foreign fund managers warm toward Indonesian Cabinet SINGAPORE (Reuters): Foreign fund managers are giving a cautious thumbs up to Indonesia as its new reform-minded cabinet takes up the challenge of getting the country's battered economy back into shape.

Golf makes an increasing swing in ancient Yogyakarta

Golf makes an increasing swing in ancient YogyakartaBy Israr Ardiansyah YOGYAKARTA (JP): It was a nice day with lots of sunshine. A woman held a golf stick tightly in her hands as she concentrated on it to hit the ball in the right direction.

Usaha Tegas, STT tie up

Usaha Tegas, STT tie up KUALA LUMPUR (Dow Jones): Malaysia's Usaha Tegas Group said Friday its affiliate has signed a memorandum of understanding with Singapore Technologies Telemedia Pte. Ltd. to develop and establish a regional broadband communications and multimedia network infrastructure.

Two new bylaws on taxes implemented

Two new bylaws on taxes implemented JAKARTA (JP): The city administration enacted on Thursday two bylaws on entertainment tax and hotel and restaurant tax, which were postponed last year due to the economic crisis, an official said.

City administration shuts 16 gambling dens

City administration shuts 16 gambling dens JAKARTA (JP): The city administration has in the past two days closed 16 amusement centers, which had allegedly been used as gambling dens, Governor Sutiyoso said on Thursday.

Yulong to buy Nissan's unit

Yulong to buy Nissan's unit TAIPEI (DPA): Taiwan's Yulong Motor, breaking into the ASEAN market, plans to buy 75 per cent of Nissan Motor Philippines Inc (NMPI) for US$31 million, Yulong announced Friday.

Malaysia's Anwar rejects ex-banker's accusations

Malaysia's Anwar rejects ex-banker's accusations KUALA LUMPUR (Reuters): Malaysia's jailed former finance minister, Anwar Ibrahim, and others accused of improprieties by an ex-central banker denied the accusations on Friday as the government launched an inquiry.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 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 7:30 Music 9:00...

Where to go in Yogyakarta: Saturday, Oct. 30, 1999

Where to go in Yogyakarta: Saturday, Oct. 30, 1999Cultural Events* Labuhan Alit Keraton Yogyakarta at Pemancingan, Bantul, 8 a.m., Nov. 9.* Labuhan at Kinahrejo, Cangkringan (Mt. Merapi), Sleman, 8 a.m., Nov. 10.Exhibitions* Photo Exhibition: The Netherlands and Its People at Karta Pustaka, Jl.

The horrors of East Timor's decolonization

The horrors of East Timor's decolonizationBy Onghokham JAKARTA (JP): What else can one call today's Indonesian policies on East Timor but a process of decolonization?The eastern half of the Timor island was invaded in 1975 by Indonesia and annexed in l976 by a People's Consultative Assembly (MPR)...

Willis' supernatural flick stays on top

Willis' supernatural flick stays on top JAKARTA (JP): A kid psychic may have the sixth sense, but it's Bruce Willis' supernatural flick that has gained its sixth straight week on top. Now it's ready to make way for another ghost story, opening next week.

Book says Habibie close to declaring war

Book says Habibie close to declaring war JAKARTA (JP): Former president B.J. Habibie came close to declaring war against Australia over East Timor, according to a recently released book.In his biography, launched on Thursday night, former coordinating minister for political affairs and security Gen.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Oct. 29, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,865.00 6,935.00Australian dollar 1 4,424.49 4,473.08Austrian schilling 1 525.09 530.70Belgian franc 1 179.11 181.03Brunei dollar 1 4,112.75 4,157.18Canadian dollar 1 4,656.

Drug dealers 'should be sentenced to death'

Drug dealers 'should be sentenced to death' JAKARTA (JP): In a fresh campaign against increasing drug trafficking in the city, Governor Sutiyoso aired on Friday the importance of implementing the death penalty for drug dealers.

2,500 bottles of liquor seized

2,500 bottles of liquor seized DENPASAR, Bali: Two men were arrested and 2,496 bottles of imported liquor were seized in a routine crackdown, a police officer said here on Friday.Bali Police detective chief Col. Bambang Hendarso said police raided a warehouse on Jl.

TNI is a political enigma

TNI is a political enigma The appointment of four active military officers to nonmilitary posts in the new Cabinet on Friday runs counter to the recent drive to phase the Indonesian Military (TNI) gradually out of politics.

Teenager killed in brawl

Teenager killed in brawl JAKARTA (JP): A teenage chicken vendor was killed in a case of mistaken identity early Friday morning during a brawl in Kampung Siluman, Bekasi, the father of the dead youth claimed on Friday.

Kasyadi's fine putt wins him Andersen tourney

Kasyadi's fine putt wins him Andersen tourney JAKARTA (JP): Kasyadi of Yani Golf Club made a two-meter putt to close the fourth round with nine-under 279 at the Rp 75 million (US$11,000) Andersen Consulting Challenge Golf Championship on Friday.

Gus Dur's Cabinet keeps the military satisfied

Gus Dur's Cabinet keeps the military satisfied Col. Bob Lowry, author of The Armed Forces of Indonesia and visiting fellow at the Australian Defense Force Academy in Canberra, considers President Abdurrahman Wahid's wisdom in appointing his Cabinet, as well as the challenges and potential problems...

Museum explores the fabric of life

Museum explores the fabric of lifeBy Ida Indawaty Khouw This museum is not as sophisticated as the Louvre in Paris. But, compared to other museums in this country whose government and people still have little respect for such places, this Museum of Textiles is among the very best, judging from its...

State budget is safe, says new finance minister

State budget is safe, says new finance minister JAKARTA (JP): Newly appointed Minister of Finance Bambang Sudibyo said on Friday that the state budget remains in a safe position despite the delay in disbursements from the International Monetary Fund (IMF) and World Bank (WB) loans.

Inco posts $1.5m net profit

Inco posts $1.5m net profit JAKARTA (JP): Publicly-listed nickel mining company PT International Nickel Indonesia (INCO) announced on Friday an unaudited net profit of US$1.5 million for the third quarter of the year, compared with a net loss of $0.8 million in the corresponding period of last year.

VP swears in new Cabinet

VP swears in new Cabinet JAKARTA (JP): President Abdurrahman Wahid warned his 35 strong-Cabinet that he would keep close tabs on their integrity and performance, saying he would rather see them resign than become suspect to power abuses.

RI names China as threat in Asia Cup

RI names China as threat in Asia Cup JAKARTA (JP): Badminton Association of Indonesia (PBSI) training director Christian Hadinata said on Thursday that Indonesia's only serious challenge in the JVC Asia Cup would be from China.

Kalla considers tariff on rice imports

Kalla considers tariff on rice imports JAKARTA (JP): Minister of Industry and Trade Yusuf Kalla said on Friday that he would look into proposals to impose a tax on rice imports in order to protect local farmers, in defiance of an agreement with the International Monetary Fund (IMF).

Amien fumes over alleged U.S. advice in govt matters

Amien fumes over alleged U.S. advice in govt matters JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais and Minister of Finance Bambang Sudibyo are both fuming over suggestions allegedly made by the U.S. ambassador on the possible lineup of key government posts.

Govt to seek political solution on Soeharto

Govt to seek political solution on Soeharto JAKARTA (JP): Attorney General Marzuki Darusman further fueled speculation the government would opt for a political solution to corruption allegations against former president Soeharto, saying on Friday justice could be served equally through a political...

SBSI rejects manpower minister

SBSI rejects manpower minister MEDAN, North Sumatra: Hundreds of people claiming to represent 21 branches of the Indonesian Prosperous Labor Union (SBSI) in the province rallied on Friday against the appointment of Bomer Pasaribu as the new manpower minister.

Mac Donald ad

Mac Donald ad I am a Muslim but I am shocked by an advertisement which has been airing on SCTV and RCTI for the past week. The advertisement shows, on one side, young and modern Indonesian people that look ugly, while on the other side, people putting on Islamic dress look good.

Agum pledges to fight corruption

Agum pledges to fight corruption JAKARTA (JP): Minister of Communications Agum Gumelar vowed on Friday to fight corruption, collusion and other irregularities in the ministry during his tenure."There will be no more favoritism in the awarding of contracts," he said after a ceremony marking the...

New minister to repropose oil and gas bill

New minister to repropose oil and gas bill JAKARTA (JP): New Minister of Mines and Energy Susilo Bambang Yudhoyono promised on Friday to renew his predecessor's bid of introducing a new oil and gas law to revamp the country's oil and gas industry.

New Javanese encyclopedia launched

New Javanese encyclopedia launched YOGYAKARTA (JP): Most people understand kyai to mean a Muslim scholar, a Muslim leader or a teacher of Islam. But how about Kyai Slamet?Kyai Slamet is a white buffalo belonging to the Surakarta Palace which is believed to have magic or supernatural powers.

Cabinet fails to satisfy students

Cabinet fails to satisfy students The new Cabinet may extol the values of democracy and reconciliation, but the threat of disintegration still lurks. Political observer Ichlasul Amal of Gadjah Mada University in Yogyakarta discussed the issue with The Jakarta Post.

More eye donors for Abdurrahman

More eye donors for Abdurrahman SEMARANG (JP): United Development Party (PPP) supporters have joined the list of willing eye donors for President Abdurrahman Wahid, a National Awakening Party (PKB) official said on Friday.

Vietnam's Phieu to visit France

Vietnam's Phieu to visit France HANOI (Reuters): Vietnam Communist Party chief Le Kha Phieu will visit France next month, French Finance Minister Dominique Strauss-Kahn said in Hanoi on Friday.Strauss-Kahn, who arrived in Hanoi late on Thursday, told a news conference that details of Phieu's visit...

Where to go in Jakarta: Saturday, Oct. 30, 1999

Where to go in Jakarta: Saturday, Oct. 30, 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.

Announcing wealth

Announcing wealth Referring to the approval given by President Abdurrahman Wahid to the effect that the wealth of officials should be made public, I would like to urge all officials to announce immediately in the media their wealth, with no feelings of shame or the slightest doubt.

Expo 2000 to open in March

Expo 2000 to open in March JAKARTA (JP): At least 5,000 foreign buyers and investors from 60 countries will attend the Indonesian Expo 2000 trade fair scheduled for March next year.The trade fair is expected to net business transactions worth US$27.

Fallout with Australia hits Yogyakarta

Fallout with Australia hits YogyakartaBy Sri Wahyuni YOGYAKARTA (JP): The worsening relation between Indonesia and Australia over the East Timor chaos is not just a problem for elite politicians or bureaucrats.

Investment realization slow

Investment realization slow JAKARTA (JP): The realization of investments in the plantation sector in East Kalimantan remains low according to the head of the provincial office of the Ministry of Forestry and Plantations.

Govt investigates tainted CPO exports

Govt investigates tainted CPO exports JAKARTA (JP): The Ministry of Industry and Trade said it would investigate how 19,000 tons of crude palm oil being transported from North Sumatra to the Netherlands were tainted with diesel oil.

Wiranto, Agum, Susilo to leave military service

Wiranto, Agum, Susilo to leave military service JAKARTA (JP): Coordinating Minister for Political and Security Affairs Gen. Wiranto said he and two other serving military personnel in the Cabinet -- Lt. Gen. Agum Gumelar and Lt. Gen. Susilo Bambang Yudhoyono -- would soon retire from active duty.

New minister to fight malnutrition

New minister to fight malnutrition JAKARTA (JP): Overcoming widespread malnutrition in the country will be a priority for new Minister of Health Achmad Sujudi.In a speech after taking over the ministry from Farid Anfasa Moeloek here on Friday, Sujudi stressed the pressing need to address the...

What good can an economic council do?

What good can an economic council do?By Sri-Edi Swasono JAKARTA (JP): President Abdurrahman Wahid's plan to establish a national economic council not only reflects his awareness of the critical state of our economy, but also indicates his serious intention to overcome the problems.

Rudy Ramli files defamation suit

Rudy Ramli files defamation suit JAKARTA (JP): Former Bank Bali president Rudy Ramli filed a defamation charge on Friday against senior officials of the Indonesian Bank Restructuring Agency (IBRA) and Standard Chartered Bank (SCB), Rudy's lawyer said.

Lawyers rebuffed in pursuit of Soeharto

Lawyers rebuffed in pursuit of Soeharto JAKARTA (JP): The South Jakarta District Court rejected on Friday two civil lawsuits that the court revoke an Oct. 11 decree from the Attorney General's Office, which put an end to a year- long investigation into alleged corruption by former president...