Indonesian Political, Business & Finance News

Archive: 7 October 1999

57 articles found

Rats, water wreaking havoc on crops in Tangerang

Rats, water wreaking havoc on crops in Tangerang TANGERANG (JP): Rats and water shortages have struck some 2,900 hectares of rice fields, forcing farmers to have an early harvest, an official said on Tuesday.

Residents complain over flood

Residents complain over flood JAKARTA (JP): Residents of Kapuk subdistrict in West Jakarta called on city authorities on Wednesday to immediately solve the high level of sea water which has flooded their area for years.

National accreditation body seeks global recognition

National accreditation body seeks global recognition JAKARTA (JP): The National Accreditation Committee (KAN) is seeking global recognition by joining mutual recognition arrangements (MRA) with international accreditation bodies, its chairman said on Wednesday.

Five Indonesian players advance in Futures tournament

Five Indonesian players advance in Futures tournament JAKARTA (JP): Five Indonesian men's singles players cruised on Wednesday into the second round of the Indonesia Futures F5 tournament at the Danamon tennis complex in Kemayoran, Central Jakarta.

Students deserve peace prize

Students deserve peace prizeBy Olle Tornquist OSLO, Norway: The crisis in East Timor and Indonesia has again become acute. What went wrong? Is there any solution? What are the forces at play and how can they be influenced?Those of us who live in small countries must be able to act through the...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 6, 1999: Buying Selling Rp Rp U.S. dollar 1 7,740.00 7,818.00Australian dollar 1 5,121.56 5,178.64Austrian schilling 1 603.38 610.03Belgian franc 1 205.82 208.09Brunei dollar 1 4,604.40 4,653.57Canadian dollar 1 5,259.94 5,314.

U.S. govt pushes ADB lending program

U.S. govt pushes ADB lending program HONG KONG (Dow Jones): During the Asian financial crisis, multilateral institutions offered bail-out money with conditions to ensure economic reforms were being adopted by some countries.Now, the U.S.

New hotels mushroom in Bali despite economic crisis

New hotels mushroom in Bali despite economic crisisBy I Wayan Juniarta DENPASAR (JP): Despite an economic crisis, businesspeople are still eager to invest their money in Bali's hotel and tourism industry.

Aussie defers finance forum over East Timor

Aussie defers finance forum over East Timor DARWIN, Australia (Reuters): Ongoing strife in East Timor has led to the postponement of an East Asian investment conference in Australia, which has seen its relations with Asian neighbors deteriorate over its military role in the crisis.

Tanri urges next government to continue privatization

Tanri urges next government to continue privatization JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng has urged the country's next government to continue his state enterprise reforms to help drive the recovery of the crisis-hit economy.

Sembiring wins pro-am in Jagorawi

Sembiring wins pro-am in Jagorawi JAKARTA (JP): Edi Sembiring won the 1999 JJGF Epson Cup Golf Open pro-am on Wednesday on the old course of the Jagorawi Golf Course and Country Club in Cibinong, Bogor.

MPR working committee delays first session

MPR working committee delays first session JAKARTA (JP): The first session of the People's Consultative Assembly's working committee was pushed back from Wednesday to Thursday morning.Fatigue was suspected to be the cause of the postponement.

Subsidies touted as key to keep wheels turning

Subsidies touted as key to keep wheels turning JAKARTA (JP): City Council Speaker Edy Waluyo urged the city administration on Wednesday to keep its promise to issue a ruling granting subsidies to bus firms in a bid to avoid a mass strike by drivers and owners.

Council to establish team to study PDAM water deal

Council to establish team to study PDAM water deal JAKARTA (JP): The City Council agreed on Wednesday to establish a new team to conduct an in-depth study into the water deal between city-owned water firm PDAM Jaya and its two foreign partners.

Gang leader shot to death in Bogor

Gang leader shot to death in Bogor BOGOR (JP): Alleged robbery gang leader, Nipan bin Anang, 50, was shot to death for resisting arrest during a raid at his hiding place in Cibadung village of the Gunung Sindur subdistrict, police said on Tuesday."He attacked the officer with a machete.

Association reluctant to ban Australian sugar

Association reluctant to ban Australian sugar JAKARTA (JP): The Indonesian Sugar Association (AGI) said on Wedneday it opposed a plan to stop imports of raw sugar from Australia."A boycott is a political decision, while our activities are purely based on business," the association's chairman Faruk...

PDI-P acknowledges bargaining with Golkar

PDI-P acknowledges bargaining with Golkar JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan) acknowledged trading concessions with Golkar Party to secure Akbar Tandjung's overwhelming win in the secret ballot for House speaker in the early hours of Wednesday.

Insiders suspected of leaking plans on raids: Mayor

Insiders suspected of leaking plans on raids: Mayor JAKARTA (JP): Officials in command of fighting drugs in Jakarta said on Wednesday they suspected an inside leak after a second raid came up empty-handed for contraband or suspects.

Political disillusionment shadows presidential election

Political disillusionment shadows presidential election A continuing coalition of the "axis force" and the Golkar Party will have dire consequences for the nation, warned Goenawan Mohamad, former chief editor of Tempo magazine, in an interview with The Jakarta Post on Tuesday.

Habibie's account to MPR may skirt sensitive issues

Habibie's account to MPR may skirt sensitive issues JAKARTA (JP): Three of President B.J. Habibie's most sensitive problems -- the alleged corruption by Soeharto, the Bank Bali scandal and the East Timor issue -- looks set to be sidelined in his upcoming accountability speech to the nation's...

Cultural capitalism in the Balinese tourist trade

Cultural capitalism in the Balinese tourist tradeBy Degung Santikarma DENPASAR, Bali (JP): For the million-plus travelers who visit Bali each year, the "enchanted isle" seems to offer a respite from the routines and responsibilities that rule modern life.

Language problem forces court to adjourn drug trial

Language problem forces court to adjourn drug trial JAKARTA (JP): Lack of a translator forced judges at the West Jakarta District Court on Wednesday to adjourn for a second time the preliminary hearing of two Ghanaians arrested for drug possession in June.Presiding judge A.L.

Government blamed for Indonesia's poor performance in sports events

Government blamed for Indonesia's poor performance in sports events JAKARTA (JP): The government's lack of commitment to support sports in the country has been blamed as the main reason for Indonesia's poor performance in international events in the last few years.

Hopes about TNI

Hopes about TNI It cannot be denied that the Indonesian Military' (TNI's) dwifungsi (dual function) has traumatized people in our society and aroused the antipathy of many. Those people resent the fact that so many strategic positions in our society are occupied by members of the military and...

Experts urge government to involve locals

Experts urge government to involve locals JAKARTA (JP): Tourism experts and executives of tourism- related businesses called on the new government on Wednesday to involve local communities in developing the country's tourism.

Manokwari police chief replaced

Manokwari police chief replaced MANOKWARI, Irian Jaya: Manokwari Police chief Lt. Col. R.E. Hutabarat was replaced by Lt. Col. Agung Sabar Santoso in a ceremony on Wednesday.The ceremony which was closed to journalists, was presided over by Irian Jaya Police chief Brig. Gen. Hotman Siagian.

Cabinet rules out breaking diplomatic ties with Australia

Cabinet rules out breaking diplomatic ties with Australia JAKARTA (JP): The government ruled out on Wednesday the possibility of severing diplomatic ties with Australia, despite the tense relationship between the two countries and the perceived inappropriate behavior of the Australia-led...

IBRA says it has recovered Rp 2.7t in loans

IBRA says it has recovered Rp 2.7t in loans JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) announced on Wednesday that it had recovered some Rp 2.7 trillion in loans including bad debts owed by debtors of banks which have been closed down, nationalized banks, and privatized banks.

'Hijackers' of passenger ship set free in Ujungpandang

'Hijackers' of passenger ship set free in Ujungpandang UJUNGPANDANG, South Sulawesi (JP): A group of hijackers were let off lightly, following their hijacking of the Bukit Siguntang passenger ship on Wednesday morning.

Reform faction backs Gus Dur for presidency

Reform faction backs Gus Dur for presidency JAKARTA (JP): The Reform faction of the National Mandate Party (PAN) and the Justice Party (PK) officially made Abdurrahman Wahid their presidential candidate on Wednesday.

Major rally held in support of Megawati

Major rally held in support of Megawati JAKARTA (JP): Some 1,500 members of the Indonesian Democratic Party of Struggle (PDI Perjuangan) staged a raucous demonstration in front of Hotel Indonesia in Central Jakarta on Wednesday to pledge their support for party chairwoman Megawati Soekarnoputri.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 6, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 -25 57,000 AHAP Insurance 550 0 0 Alakasa Industrindo 250 0 0 Alter Abadi 325 50 527,500 Alumindo...

U.S. 'obsessed' over reporter: Mahathir

U.S. 'obsessed' over reporter: Mahathir KUALA LUMPUR (Reuters): The United States is "obsessed" over the jailing of a Canadian journalist in Malaysia even though he was convicted of breaking the law, Prime Minister Mahathir Mohamad said on Wednesday.

Irian seeks foreign funds

Irian seeks foreign funds JAYAPURA (JP): The provincial administration of Irian Jaya will seek foreign funds to finance the province's development projects, a local official said on Wednesday.FX Suryanto, a public relations officer at Irian Jaya's Governor's office, said that the provincial...

Government pledges to announce Soeharto investigation

Government pledges to announce Soeharto investigation JAKARTA (JP): Monday. That is the latest in a line of promised dates for the long-awaited unveiling of the results of the investigation into former president Soeharto's alleged corruption.

No time to celebrate

No time to celebrate Under normal circumstances I would have rushed to congratulate the newly elected members of the House of Representatives and People's Consultative Assembly (DPR/MPR). My political intuition, however, tells me to wait a little longer until all the fog shrouding the political...

Hermawan questioned over Yun Hap's death

Hermawan questioned over Yun Hap's death JAKARTA (JP): City police summoned and questioned on Wednesday political observer Hermawan Sulistyo in connection with the fatal shooting on Sept. 24 of three persons in a crowd of protesters on Jl. Sudirman.

Police raid nets biggest ganja haul in 15 years

Police raid nets biggest ganja haul in 15 years JAKARTA (JP): Police detectives of the Penjaringan police subprecinct in North Jakarta seized 929 kilograms of marijuana, worth about Rp 1.85 billion (US$238,200) from four of seven suspected drug dealers in a single raid early on Wednesday morning.

Where to go in Bali for Thursday, Oct. 7, 1999

Where to go in Bali for Thursday, Oct. 7, 1999Exhibitions * Painting Exhibition: Pengider Bhuana, The Colours of Life, Deja Vu Gallery, Jl. Dewi Sita, Ubud (Phone: 0361 978225), 10 a.m. to 6 p.m., until Oct. 8. * Instalation Exhibition by Saijo Shun (Japanese), at Sika Contemporary Art Gallery, Jl.

Asian currencies stronger as local issues take center stage

Asian currencies stronger as local issues take center stage SINGAPORE (Dow Jones): Asian currencies are stronger against the U.S. dollar in choppy trading late Wednesday, as salient domestic issues take center stage in currency markets across the region.

Translated books for the blind

Translated books for the blind JAKARTA (JP): Hundreds of blind people involved with the Mitra Netra Foundation will soon enjoy new stories and gain more knowledge thanks to Citibank volunteers, who are to translate various English books into Indonesian and input dictionary data into computers to be...

East Timor and independence

East Timor and independenceFrom Pikiran RakyatIndonesia can be an independent state and survive as one because it has natural resources, which serve as a source of income to finance the needs of the state.

Market signals for change

Market signals for change With only two weeks before Indonesia's presidential election, billed as the most democratic in the country since 1955, increasing numbers of businesspeople have become more outspoken about the qualities and characteristics expected in the new president and her or his...

SCB bolsters S'pore team

SCB bolsters S'pore team SINGAPORE (Dow Jones): Standard Chartered PLC announced Wednesday three new senior manager appointments to its Singapore team, to cope with the expansion of its Indonesian and Thailand businesses.Michael De Noma has been appointed as group head of banking.

Shuttler Johan top seed in German Open

Shuttler Johan top seed in German Open JAKARTA (JP): Indonesia's Johan Hadikusuma is the top seed in the German Open, while compatriot Ronny Agustinus has been seeded third for the US$50,000 tournament which will run from Wednesday to Sunday in Bremen, Germany.

Locals protest MPR representatives

Locals protest MPR representatives PONTIANAK, West Kalimantan: A mob of local residents vandalized the provincial legislature building on Wednesday to protest what they called the unfair composition of representatives to the People's Consultative Assembly (MPR).

Central bank forecasts 1999 inflation at 2%

Central bank forecasts 1999 inflation at 2% JAKARTA (JP): Bank Indonesia is forecasting 2 percent inflation throughout 1999 if the domestic political situation improves following the Oct. 20 presidential election.

Aussie firms speed up Indonesian staff promotion

Aussie firms speed up Indonesian staff promotion JAKARTA (JP): Some Australian mining companies are speeding up the promotion of Indonesian staff to replace Australian executives in anticipation of worsening anti-Australian sentiments in the future, a mining analyst said.

Search for balance among new powers

Search for balance among new powers The election of Amien Rais as the Speaker of the People's Consultative Assembly (MPR) has been welcomed, yet critics say his National Mandate Party only won around seven percent of votes in the last election.

Australia and Indonesia: Mutual confusion

Australia and Indonesia: Mutual confusionBy Dewi Anggraeni MELBOURNE (JP): Picture the following events: Australia's media reported on atrocities in East Timor. Its prime minister pushed for a referendum. Very little moved.The United States stirred and suggested that the referendum was a good idea.

Close New Order history book

Close New Order history bookFrom Rakyat MerdekaWe all hope for the birth of a new Indonesia that is just and democratic and capable of bringing prosperity to the people. Even after the fall of the New Order leadership, Indonesia's portrait has not changed very much.

Surviving 'red' artists Soeromo, Djoko Pekik still active

Surviving 'red' artists Soeromo, Djoko Pekik still activeBy Ahmad Solikhan YOGYAKARTA (JP): Lekra (the People's Cultural Institute) was founded in 1954 by Yobar Ayub and was disbanded by the New Order regime in 1965 on suspicion of collaboration with communist leaders from China and East Germany.

Two militiamen killed in East Timor clashes

Two militiamen killed in East Timor clashes JAKARTA (JP): The Australian led multinational force in East Timor on Wednesday killed two militiamen in the first clashes since they began their mission in the territory.Maj. Gen.

Drug dealers busted in Bogor

Drug dealers busted in Bogor BOGOR (JP): Local police detectives here on Wednesday arrested a 30-year-old man believed to have been a popular drug dealer among teenagers in Bogor.Bogor Police chief Col.

Indofood to sell Bogasari mill to strategic buyers

Indofood to sell Bogasari mill to strategic buyers JAKARTA (JP): Shareholders of giant instant noodlemaker PT Indofood Sukses Makmur approved on Wednesday a management proposal to spin off its flour mill division PT Bogasari Flour Mills into four separate companies.

KL may revise merger plan

KL may revise merger plan KUALA LUMPUR (AFP): Malaysia may revise its program of forced bank mergers following difficulties in uniting banks and finance companies into six large groups, Prime Minister Mahathir Mohamad said Wednesday.

Human rights meeting set to probe abuse claims

Human rights meeting set to probe abuse claims JAKARTA (JP): The National Commission on Human Rights will convene a meeting of leading rights activists and forensic experts on Thursday to draw up the composition of a fact-finding team to investigate the alleged human rights abuses in East Timor...