Indonesian Political, Business & Finance News

Archive: 16 November 1999

51 articles found

Man deported for overstaying visa

Man deported for overstaying visa JAKARTA (JP): The Tangerang immigration office deported a Singaporean identified as Ibrahim bin Shaik Hussain Bamadhag for violating his visa, an official said on Monday."Ibrahim was involved in stock trading here.

PON organizers urged to watch their budget

PON organizers urged to watch their budget JAKARTA (JP): The National Sports Council (KONI) vice chairman Arie Sudewo urged the 15th National Games (PON) Organizing Committee in Surabaya to budget efficiently for the quadrennial sports event.

Disseminate power to the provinces

Disseminate power to the provincesBy David Keller JAKARTA (JP): The inherent pluralistic culture found in Indonesia from the past to the present, can infer that the enlightening processes of western democracy has, without fail, determined New Order democracy obsolete.

Some firms in better position to repay debt: S&P

Some firms in better position to repay debt: S&P JAKARTA (JP): The credit quality of Indonesian corporations remains weak but some companies are in a better position to meet outstanding debt obligations in a timely manner, according to the Standard & Poor's rating agency.

Taking the wrong cues from the U.S.

Taking the wrong cues from the U.S.From Rakyat MerdekaIndonesians consist of people dwelling in areas stretching from Sabang to Merauke and people who are no longer concerned by the issue of ethnic differences, for example because of interethnic marriage.

Put Soeharto on trial

Put Soeharto on trialFrom Rakyat MerdekaI believe that any sensible Indonesian will agree that it is Soeharto who must assume the greatest responsibility for all the recent disasters to have befallen this nation.

Speculation continues over ministers' names

Speculation continues over ministers' names JAKARTA (JP): Who could they be? This question buzzed around the capital on Monday following President Abdurrahman Wahid's announcement that he was preparing to replace three Cabinet members following new allegations of corruption.

Irianese call for dialog with Gus Dur and Megawati

Irianese call for dialog with Gus Dur and Megawati JAKARTA (JP): A group of Irianese in Timika, Irian Jaya, are willing to lower the Morning Star separatist rebel flag if President Abdurrahman Wahid and Vice President Megawati Soekarnoputri grant their demand for face-to-face talks.

Malaysian polls will be fought in the heartland

Malaysian polls will be fought in the heartlandBy Eileen Ng KUALA LUMPUR (AFP): The main battleground in Malaysia's upcoming elections lies hundreds of kilometers from the gleaming skyscrapers of Kuala Lumpur -- in the conservative rural Muslim Malay heartland.

Gambling backers disclosed

Gambling backers disclosed BOGOR (JP): Bogor administration spokesman Yus Herdiyus disclosed to media on Monday that five local officials allegedly backed activities in a gambling den at Jl. Siliwangi No. 23D which was raided by students earlier this month.

Bank Bali imbroglio

Bank Bali imbroglio The decision by Indonesian Bank Restructuring Agency (IBRA) chairman Glenn Yusuf last week to review the agency's management and investment agreements with Standard Chartered Bank (SCB) of Britain for Bank Bali, though rather late, is imperative to resolving the imbroglio...

Scholar renews independence proposal for Riau

Scholar renews independence proposal for Riau JAKARTA (JP): A scholar rejected on Monday a federal proposal for Riau and insisted that the oil-rich province separate from the Republic of Indonesia instead.

House approves release of 90 political prisoners

House approves release of 90 political prisoners JAKARTA (JP): The House of Representatives (DPR) endorsed President Abdurrahman Wahid's plan to release a total of 90 political prisoners, and urged the President to free those remaining in prison.

Gus Dur pledges quick solution for Aceh problem

Gus Dur pledges quick solution for Aceh problem TOKYO (JP): President Abdurrahman Wahid said on Monday he wanted to resolve the question of Aceh within a month, a Japanese official said here.The chairman of the Japan-Indonesia Parliament Friendship League, Taku Yamasaki, quoted Abdurrahman as...

Brimob expanded in coming weeks

Brimob expanded in coming weeks JAKARTA (JP): National Police chief Gen. Roesmanhadi said on Monday that the elite Mobile Brigade would soon expand from three regiments to seven regiments.He said the expansion was vital for the coming years as the police would need more troops to effectively...

Singapore revises growth

Singapore revises growth SINGAPORE (AFP): The Singapore government has revised upwards the 1999 growth forecast for the island state's economy, causing the stock market to jump more than two percent on Monday.

MP private sought in truck holdups

MP private sought in truck holdups JAKARTA (JP): Tangerang Police are seeking a member of the military police who is suspected in a series of armed robberies of container trucks involving hundreds of millions of rupiah, an officer said on Monday."The member of the military police, Pvt.

121 suspects in Maluku unrest

121 suspects in Maluku unrest AMBON, South Maluku: Police have completed the dossiers on 121 people suspected of provoking riots in several areas of the province."All the dossiers, along with evidence, have been submitted to the prosecutor's office, and some of them have already been submitted to...

Signs of economic recovery continue: BPS

Signs of economic recovery continue: BPS JAKARTA (JP): The country's gross domestic product (GDP) rose by 1.54 percent in the third quarter of this year compared to the second quarter: Another sign that the economy is improving, according to the Central Bureau of Statistics (BPS).

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Nov. 15, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,930.00 7,000.00Australian dollar 1 4,476.78 4,525.50Austrian schilling 1 519.84 525.34Belgian franc 1 177.32 179.20Brunei dollar 1 4,159.66 4,204.20Canadian dollar 1 4,738.

Councilors may suggest water agreement cancellation

Councilors may suggest water agreement cancellation JAKARTA (JP): The City Council suggested it would call for the cancellation of the water management agreement between city water firm PDAM Jaya and its foreign partners after irregularities in the deal were uncovered.

Kwik says govt seeks refinance, reschedule for foreign debt

Kwik says govt seeks refinance, reschedule for foreign debt JAKARTA (JP): The government is seeking to refinance and reschedule its foreign debt but will not ask for any debt relief, according to Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie.

Hyundai wins $30 in chip panel deals

Hyundai wins $30 in chip panel deals SEOUL (AfP): South Korea's leading chip maker Hyundai Electronics Industries Co. Ltd., said Monday that it had secured about US$30 billion in overseas orders for microchips and flat panel displays.

State firms take over subsidized loans

State firms take over subsidized loans JAKARTA (JP): Bank Indonesia (BI) has formally handed over the management of government-sponsored credit to three state financial companies: Bank Rakyat Indonesia (BRI), PT Bank Tabungan Negara (BTN) and Permodalan Nasional Madani (PNM)BI Governor Sjahril...

Panasia and Aspac warm up for the final four

Panasia and Aspac warm up for the final four JAKARTA (JP): With the final berths already in their hands, the sixth series of the 1999 A Mild Kobatama national basketball league served only as a warm-up for Panasia Indosyntec and Aspac Indosyntec.

Astra CMG debuts health plan

Astra CMG debuts health plan JAKARTA (JP): PT Astra CMG Life insurance company launched on Monday the Danatra Citra Plus, a health insurance scheme that offers protection against various critical illnesses and also serves as an old-age saving plan.

NU must reinstate mission at next congress: Hasyim

NU must reinstate mission at next congress: Hasyim JAKARTA (JP): An influential Nadhlatul Ulama (NU) figure urged on Monday that the NU reinstate its mission during its next congress to enable the largest Muslim organization to contribute to the country's development.

Police raid gambling den

Police raid gambling den MAKASSAR, South Sulawesi (JP): Police raided what is believed to be the town's largest gambling den after a month of surveillance, an officer said on Monday.The chief of the provincial police detectives, Maj.

Accor Asia-Pacific puts Banten's delights on the map

Accor Asia-Pacific puts Banten's delights on the mapBy I. Christianto JAKARTA (JP): World-class hotel management company Accor Asia- Pacific is looking to develop more properties in Tanjung Lesung in Banten, West Java, in addition to its existing four-star property in the emerging tourist resort...

Fishermen voice concern over sea erosion

Fishermen voice concern over sea erosion TANGERANG (JP): Dozens of fishermen from Tanjung Anom village in the Mauk subdistrict in Tangerang complained over the increasing threats of sea erosion and floods during the east wind season which brings in high tides and strong winds.

Foreign investors' concern turns to unrest in Aceh

Foreign investors' concern turns to unrest in Aceh JAKARTA (JP): Political uncertainty in the troubled province of Aceh has become a major concern for most foreign investors in Indonesia, according to a Singapore-based economist.

Tanjung Puting National Park facing disaster

Tanjung Puting National Park facing disasterBy Mahmudah PALANGKA RAYA, Central Kalimantan (Antara): Tanjung Puting National Park, one of the most important forest reserves in the country, is in a deplorable state.

Antidrug activists demand death sentence for Zarina

Antidrug activists demand death sentence for Zarina JAKARTA (JP): At least 100 activists grouped in the People's Anti-Drug Movement, or Geram, packed City Hall on Monday and demanded the death sentence for Zarina Mirafsur if she is found guilty of drug offenses.

Thai-Myanmar row 'threatens' ASEAN

Thai-Myanmar row 'threatens' ASEAN BANGKOK (AFP): Thailand's Foreign Minister Surin Pitsuwan has warned that deteriorating relations with neighbor Myanmar may cause problems at the Association of Southeast Asian Nations (ASEAN) summit in Manila later this month, reports said on Monday.

March of time tramples historic Tugu kampong

March of time tramples historic Tugu kampong JAKARTA (JP): Residents of the old kampong of Tugu in North Jakarta are doubtful of the city administration's seriousness in preserving the historic area.They said the city did nothing to execute its plan proposed several years ago to protect the area,...

HIV spread in Indonesia uncontrolled: Official

HIV spread in Indonesia uncontrolled: Official JAKARTA (JP): The spread of the Human Immunodeficiency Virus (HIV) in the country remains unknown after 12 years of efforts to trace people infected with the deadly virus, a health official said on Monday.

BAT Indonesia buys Rothmans for Rp 210b

BAT Indonesia buys Rothmans for Rp 210b JAKARTA (JP): Publicly listed cigarettemaker PT British American Tobacco (BAT) Indonesia announced on Monday it had agreed to buy 99.99 percent of cigarettemaker PT Rothmans of Pall Mall Indonesia for Rp 210 billion (US$30 million).

Telkom may sell 'Palapa-B2R' to lessor PSN

Telkom may sell 'Palapa-B2R' to lessor PSN CIBINONG, Bogor (JP): Publicly listed PT Telekomunikasi Indonesia (Telkom) said on Monday it was considering selling its Palapa-B2R satellite to satellite transponder lessor PT Pasifik Satelit Nusantara (PSN).Telkom's president A.A.

Anti-Israel rallies continue

Anti-Israel rallies continue SEMARANG: A group of students from the Indonesian Muslim Student Action Front (KAMMI) protested here on Monday the government's plan to establish economic ties with Israel.The students marched from Diponegoro University to the provincial legislative council, waving...

Astra car sales climb 85%

Astra car sales climb 85% JAKARTA (JP): The country's largest automobile group, Astra International, reported an 85 percent increase in its domestic and export sales of cars to reach 54,980 units in the first 10 months of the year compared to the same period last year.

IBRA to deal with interbank claims: BI

IBRA to deal with interbank claims: BI JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Monday the central bank would no longer be involved in the process of verifying interbank claims guaranteed by the government.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 15, 1999: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 875 0 356,500 AHAP Insurance 550 0 0 Alakasa Industrindo 450 0 0 Alter Abadi 400 25 56,000...

President needs a PR person

President needs a PR person The postelection period for Cabinet ministers and members of the People's Consultative Assembly and House of Representatives, both at the central and provincial levels, should be seen, and most importantly felt by those concerned, as a trial-and-error period.

World Bank projects RI external debt to balloon

World Bank projects RI external debt to balloon TOKYO (Reuters): Indonesia faces a difficult task of revitalizing its frail banking system while controlling its ballooning public debt, the World Bank's chief economist for the East Asia and Pacific Region said on Monday.

Bus commuters say crews' attitude needs overhaul

Bus commuters say crews' attitude needs overhaul JAKARTA (JP): Commuters complained on Monday that bus terminal operators in the capital should improve the attitude of errant officials instead of spending heavily on renovations of their facilities.

RI shuttlers set for China Open to improve rankings

RI shuttlers set for China Open to improve rankings JAKARTA (JP): The Badminton Association of Indonesia (PBSI) training director, Christian Hadinata, said over the weekend that PBSI was sending athletes to compete in the China Open to improve its shuttlers world rankings to enable them to qualify...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 9:00 Music 10:30 Interval 2:00 p.m. News 2:30 TV Series: Amazing 3:00 Music 4:00 Regional News 4:30 Management Program 5:00 Documentary 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30 TV Series: Hotel...

Zero Population Growth in RI targeted for the year 2080

Zero Population Growth in RI targeted for the year 2080 DENPASAR, Bali (JP): Indonesia could reach Zero Population Growth (ZPG) in the year 2080 if the country succeeds in reducing the fertility rate to 2.1 persons in 2020, an expert said on Monday.

Japan assures Gus Dur of economic help

Japan assures Gus Dur of economic helpBy Kornelius Purba TOKYO (JP): A senior Japanese minister urged visiting President Abdurrahman Wahid on Monday to restore market confidence in Indonesia by implementing concrete economic policies.

Tourist sector sees signs of recovery

Tourist sector sees signs of recovery JAKARTA (JP): The new government is expected to rejuvenate the country's tourist industry after a number of years of downturn.Abdurrahman Wahid and Megawati Soekarnoputri were elected last month as Indonesia's president and vice president, respectively, in the...

Utan Kayu couple murdered at home as children sleep

Utan Kayu couple murdered at home as children sleep JAKARTA (JP): A hotel manager and his wife were murdered on Sunday in their home while their children and servants were asleep, said police and relatives of the victims.Konstantin K.