Indonesian Political, Business & Finance News

Archive: 19 November 1999

57 articles found

RI opens HK promotion center

RI opens HK promotion center JAKARTA (JP): The Indonesian Consulate General in Hong Kong said on Thursday it reopened the Indonesian Promotion Center after almost three and a half years of being closed. The center was inaugurated by Consul General Roestam Effendi on Thursday in a modest ceremony in Hong Kong attended by 25 invited Hong Kong and Indonesian businessmen, the consulate general said in a statement.

Police urged to solve environmental crimes

Police urged to solve environmental crimes JAKARTA (JP): The chief of the National Police's forensics laboratory, Brig. Gen. Suwahyu, said here on Thursday that a major obstacle to solving environmental crimes was the police's lack of earnestness in dealing with such cases. "The achievements of police detectives in this field are zero," Suwahyu said, noting that detectives rarely followed up environmental cases which passed through his office.

TNI in row over Aceh martial law

TNI in row over Aceh martial law JAKARTA (JP): A barrage of criticism was raised on Thursday in response to the Indonesian Military and National Police's proposal to impose limited martial law in Aceh, warning such a move could lead to further human rights violations. National Commission on Human Rights chairman Marzuki Darusman said imposing martial law in Aceh was not "feasible" and should only be considered as the "very last" alternative.

Rudy Ramli files suit

Rudy Ramli files suit JAKARTA (JP): Former Bank Bali president Rudy Ramli lodged on Thursday a complaint against the chief integration officer of Standard Chartered Bank (SCB) and two Indonesian Banking Restructuring Agency (IBRA) executives for tarnishing his name in media reports, the city police chief of detectives said. Col. Alex Bambang Riatmodjo said the complaint was made in connection to newspaper reports on Aug. 18 this year quoting SCB chief integration officer Douglas K.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 18, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,025 0 1,326,000 AHAP Insurance 550 0 0 Alakasa Industrindo 525 25 27,500 Alter Abadi 450 0 1,085,500 Alumindo Light Metal 1,275 0 5,000 Aneka Kimia Raya 600 0 0 Aneka Tambang (Persero) 1,425 0 1,140,500 Anwar Sierad 375 25 852,500 APAC Centertex Corp.

Abdurrahman faults media for fueling rumor mill

Abdurrahman faults media for fueling rumor mill JAKARTA (JP): President Abdurrahman Wahid lashed out at the media on Thursday for the public craze of seeking the names of ministers investigated for alleged corruption, saying that he did not harbor suspicions about any of his aides. "I don't have suspicions about anybody," Abdurrahman told journalists after speaking before the House of Representatives. "I didn't say anything (about the matter) ... Now I hear rumors about three ministers.

IPTN's aircraft fails to take off

IPTN's aircraft fails to take off BANDUNG (JP): State aircraft manufacturer IPTN has halted its ambitious project to build a passenger jet due to financial difficulties, a company executive said here on Thursday. IPTN director of technology Agung Nugroho said it was simply unrealistic to continue the expensive project at the moment.

Anwar Sierad restructuring debt

Anwar Sierad restructuring debt JAKARTA (JP): Publicly listed poultry company PT Anwar Sierad announced on Thursday that it expected to complete the restructuring of its US$160 million debt within the next three months. The company's finance director Awi Tantra said the company was currently working to obtain a "letters of support" from its five biggest creditors.

Where to go in Jakarta: Friday, Nov. 19, 1999

Where to go in Jakarta: Friday, Nov. 19, 1999 Festival November '99 * The festival features poetry, story readings, theaters, exhibitions, dances, and film, at Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta. - Exhibitions, at 10 a.m. to 9 p.m.: Bala Dupak by Nandang Gawe, Galeri Cipta III, Nov. 20 - 27. Spiritualism of Five Indonesian Female artists, Galeri Cipta II, Nov. 23 to Dec. 2. - Short Story Reading, by Seno Gumira Adjidarma, etc., Galeri Cipta II, 8 p.m., Nov. 20.

Pertamina quadruples profit in 1998/99

Pertamina quadruples profit in 1998/99 JAKARTA (JP): State oil and gas company Pertamina almost quadrupled its consolidated net profit in the year ending March 31 to Rp 1.05 trillion (US$150.5 million) because of higher revenues from domestic and export sales of crude oil. "The conditions were tough, yet we managed to reap high profits," Pertamina president Martiono Hadianto said at a ceremony to accept the 1998/99 audited balance sheet.

Int'l family planning conference closes

Int'l family planning conference closes KUTA, Bali (JP): The International Training Program for Family Planning/Reproductive Health closed here on Thursday with a call for participants to maintain a critical stance on their country's implementation of the program developed in Indonesia.

Asia braces as oil price surges to nine-year high

Asia braces as oil price surges to nine-year high SINGAPORE (Reuters): Asia is bracing for the impact of oil prices at nine-year highs amid fears they could go even higher. Key global producers Saudi Arabia, Venezuela and Mexico said on Wednesday they had no intention of relaxing a production- cutting pact during the key demand period of the next four months. The pact has cut output by almost five million barrels per day (bpd).

PABBSI hopes lifters get four Olympics tickets

PABBSI hopes lifters get four Olympics tickets JAKARTA (JP): The Indonesian Weightlifting, Powerlifting and Bodybuilding Association (PABBSI) hopes to send five of its lifters to the 2000 Olympic Games in Sydney. PABBSI secretary general Djoko Pramono said on Thursday that four female lifters -- Lisa Rumbewas and Sri Indriyani in the 48kg division, Supeni and Winarni in the 53kg division -- and a male athlete Erwin Abdullah competing in the 63kg division were the best hopes to grab the tickets.

32 killed in RP rebel war

32 killed in RP rebel war ZAMBOANGA CITY, Philippines (AP): About 30 Muslim separatist rebels and two government soldiers were killed in heavy fighting Thursday in the southern Philippines that threatened planned peace talks, officials said. At least five other soldiers were critically wounded, regional military spokesman Maj. Salih Indanan said. President Joseph Estrada, visiting a nearby province, warned the rebels that he will scrap the peace talks if they continue attacking military camps.

Aspac, Panasia claim wins in Kobatama sixth serie

Aspac, Panasia claim wins in Kobatama sixth serie JAKARTA (JP): League leaders Aspac and Panasia Indosyntec taught their rivals on Thursday a never-say-die spirit can be more important than strategy and skill.

Hanoi exports to ASEAN down

Hanoi exports to ASEAN down HANOI (Dow Jones): Vietnam's exports to ASEAN countries as a percentage of overall exports will fall next year as rice sales to Indonesia and the Philippines decline, the Vietnam Industry Times newspaper said Thursday. It added though that export growth to other countries will increase on the back of strong oil sales to Australia and greater exports to the U.S. - assuming Hanoi signs a bilateral deal with Washington soon.

RI faces dissolution threat

RI faces dissolution threat It's a long way from Berlin to Aceh, but as The Jakarta Post's Asia correspondent Harvey Stockwin made that mental journey recently, some provocative parallels came to mind. HONG KONG (JP): As the 10th anniversary of the destruction of the Berlin Wall by People Power was commemorated recently, the crucial role of one key personality was completely forgotten. Of course, the then U.S.

Maj. Gen. Djadja donates Rp 100 million to reporters

Maj. Gen. Djadja donates Rp 100 million to reporters JAKARTA (JP): The outgoing chief of the Jakarta Military Command, Maj. Gen. Djadja Suparman, donated on Thursday Rp 100 million to reporters covering the activities of the military command. Djadja suggested the money be used by reporters covering the beat as the initial working capital for the establishment of either a cooperatives unit or a telecommunications kiosk.

East Timorese leaders to visit Indonesia

East Timorese leaders to visit Indonesia UNITED NATIONS (Reuters): Nobel peace prize co-winner Jose Ramos-Horta said on Wednesday that he and East Timorese independence leader Xanana Gusmao would meet Indonesia's new president Abdurrahman Wahid in Jakarta on Nov. 30.

NU warned against turning its back on the grass roots

NU warned against turning its back on the grass roots JAKARTA (JP): The Nahdlatul Ulama (NU) will take on the psychological challenge of making a break from its charismatic, longtime leader Abdurrahman Wahid, observers said on Thursday. Minister of Religious Affairs Tolchah Hasan and political analyst Kacung Marijan warned that the country's largest Muslim organization would lose people's confidence if it tried to make full use of its link with Abdurrahman, who is now President.

Starting a new era

Starting a new era When President Abdurrahman Wahid announced the lineup of his National Unity Cabinet at the end of last month, many circles here were concerned that the House of Representatives would not be able to carry out its check-and-balance task because all political powers are represented in the administration. "Can someone unveil the dirtiness of his or her own household?" some people wondered.

Alfa plans to go public

Alfa plans to go public JAKARTA (JP): PT Alfa Retailindo, a trading arm of the Sampoerna Group, announced on Thursday a plan to offer shares to the public. The company said in a statement that it would offer 100 million shares with a nominal price of Rp 500 from Dec. 6 to Dec. 9. The company said it would use 67 percent of the proceeds from the public offering to open new stores and install new technology. The remaining 33 percent will be used to strengthen its working capital.

Buddhist temple caretakers turn down expulsion order

Buddhist temple caretakers turn down expulsion order BOGOR (JP): A team of officials from the Bogor District Court and the city's social and political office called off on Wednesday a planned eviction of two caretakers from the Ho Tek Bio Vihara (Buddhist temple) after one threatened to commit suicide.

Bayer to invest $1b in Asia

Bayer to invest $1b in Asia BANGKOK (Dow Jones): Bayer AG, the German chemicals company, said Thursday it plans to invest US$1 billion in Asia before 2005 to raise its plastics production capacity. By that year, Bayer expects to produce 250,000 tons a year of polycarbonate at plants in Thailand and China. Thursday, the German company opened its Thai polycarbonate plant located in Thailand's eastern seaboard industrial belt.

Indians deported for fake passports

Indians deported for fake passports BATAM, Riau: The immigration office here deported on Thursday three Indian citizens for holding counterfeit passports. An immigration official, Wachiyat, told Antara the three foreigners were stopped upon arrival at Hang Nadim Airport. Wachdiyat said the Indians acquired their passports from people in Jakarta. He said Batam, an industrial zone which abuts Singapore, had become a main center for foreigners, leading to a sharp increase in counterfeit passports.

Indonesia's economy

Indonesia's economy From DR Observing the economic crises which have hit Asian countries, particularly in Southeast and East Asia, such as Korea, Thailand and Indonesia, unfortunately it is Indonesia which looks as if it will experience difficulty in getting back to its precrisis peak, when its growth was above 5 percent. South Korea and Thailand have quickly recovered and both are predicted an economic growth of more than 3 percent.

The National Police deal with their growing pains

The National Police deal with their growing pains By Yogita Tahil Ramani JAKARTA (JP): The National Police turned 53 in July, usually an age of maturity and wisdom in a person's life. For the Indonesian police corps, being 53 means a continuing period of waiting for independence. After 38 years as part of the country's armed forces (ABRI, later TNI), the police came under the Ministry of Defense and Security last April. The police of the Republic of Indonesia was declared on Aug. 21, 1945.

Beware of 'pistol' packing youths in idyllic Bali

Beware of 'pistol' packing youths in idyllic Bali By I Wayan Juniarta DENPASAR, Bali (JP): Foreign visitors must consider an important tip, in addition to other more prosaic traveling tips, when visiting to Bali: Equip yourself with a bulletproof vest. The tip has been made in response to the present situation in Denpasar, the province's capital city, which seems to be turning into a war zone, with hundreds of youths hanging around on the city's street corners carrying "pistol-guns".

Govt, IMF agree to reimpose import duty on rice, sugar

Govt, IMF agree to reimpose import duty on rice, sugar JAKARTA (JP): The government has agreed with the International Monetary Fund (IMF) to reimpose the import duty on rice and sugar to protect local farmers from cheap imports, Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie said on Thursday. He said the IMF, which pressured the government to cut the import tariff on both commodities to zero percent, was initially opposed to the proposal.

Indonesia to join G-20, attends planning meeting

Indonesia to join G-20, attends planning meeting VANCOUVER (Reuters): Indonesia has been invited to join the newly-formed "Group of 20" economic forum now that it has held democratic elections and relinquished control of East Timor, a Canadian official said on Wednesday.

Abdurrahman calls DPR a 'kindergarten'

Abdurrahman calls DPR a 'kindergarten' JAKARTA (JP): President Abdurrahman Wahid, already criticized for shooting his mouth off too often, called the House of Representatives (DPR) a kindergarten on Thursday because its members used emotions rather than brains when criticizing his policies. During a rare policy debate with the House, Gus Dur, as the President is popularly called, also quipped that Malaysian ministers did little more than play golf.

Mass media a hero in the coverage of E. Timor

Mass media a hero in the coverage of E. Timor By Veven Sp Wardhana JAKARTA (JP): The view of East Timor from Indonesia reminds one of the local adage "Far from the eye, but close to the heart," twisted parody-like into "Close to the eye, but far from the heart." This is particularly evident from various reports on this region carried in Indonesia's mass media ever since East Timor was integrated with Indonesia in 1975.

Heroin trafficker gets 16 months in jail

Heroin trafficker gets 16 months in jail JAKARTA (JP): A judge at the Central Jakarta District Court sentenced on Wednesday defendant Doni Novian to one year and four months in jail for trafficking 0.5112 grams of grade one heroin. Judge Endang Soemarsih said the defendant was found guilty of violating article 82 of the 1997 Narcotics Law. The article carries a maximum punishment of life imprisonment. "However, the defendant is still young and has regretted all his wrongdoings," said the judge.

Dozen injured in train collision in Bekasi

Dozen injured in train collision in Bekasi JAKARTA (JP): An express train from Gambir station, Central Jakarta, bound for Cirebon collided with a locomotive on Thursday morning, some 40 meters away from Tambun railway station in Bekasi. No fatalities were reported but dozens of passengers on the Cirebon Express suffered minor injuries, witnesses and executives of state-owned PT Kereta Api Indonesia said.

UGM graduates 1,225 students

UGM graduates 1,225 students YOGYAKARTA: State Gadjah Mada University (UGM) marked its golden anniversary with the commencement of 1,225 graduates on Thursday. The university's rector, Ichalsul Amal, said the country's oldest university produced 98,234 graduates from all programs since it was founded in 1949. The figure includes 10,559 holders of master's degrees and 367 doctorate holders.

American puppet-master takes to the stage

American puppet-master takes to the stage By Emma Cameron JAKARTA (JP): An English language shadow puppet (wayang kulit) performance to be held here on Sunday is already sold out. The performance will be held by the Indonesian-American Friendship Association (PPIA) on Sunday at 7 p.m. at LIA's Pengadegan campus, South Jakarta, by puppet-master (dalang) Marc Hoffman from America. The show is a celebration of 50 years of diplomatic ties between Indonesia and the U.S.

Military denies rampant drug use among members

Military denies rampant drug use among members JAKARTA (JP): The Jakarta Military Command is awaiting the results of urine tests of its members who are suspected of using drugs, city military command spokesman Lt. Col. Djazairi Nachrowi said on Thursday. He sought to play down media reports quoting Jakarta Military Commander Maj. Gen. Djadja Suparman as saying at least 10 of the command's personnel were in a drug treatment program. "It was only an initial indication.

House backs request for lifting travel ban

House backs request for lifting travel ban JAKARTA (JP): The House of Representatives has called on the authorities to lift a travel ban on the former top executives of 38 closed banks, House Speaker Akbar Tandjung said on Wednesday. After meeting with about 40 former executives of the closed banks, Akbar urged the government to treat the bankers with justice in accordance with existing regulations.

Cigarette workers go on strike

Cigarette workers go on strike BLORA, Central Java: Some 1,500 employees of local cigarette company PT Unggul Jaya staged a protest in the company's compound in Jepon village on Thursday, demanding a salary hike and fitting transport and meal allowances. "My salary is only enough to buy basic needs," said Sukirman, 38, the rally coordinator. The workers demanded a Rp 250,000 average monthly wage. The local government sets the minimum regional salary at Rp 230,000 per month.

Centralized ownership 'contributed to crisis'

Centralized ownership 'contributed to crisis' MANILA (AFP): The concentration of corporate ownership in many Asian countries contributed to the Asian economic crisis that broke out in 1997, the Asian Development Bank (ADB) said Thursday, citing a study of five affected countries.

Locals rebuff plan for proposed dump

Locals rebuff plan for proposed dump TANGERANG (JP): The community of Ciangir village of the Legok subdistrict in Tangerang has rejected the Jakarta administration's plan to move a garbage dump to their area. "We are against the plan although it is said that the garbage dump will be using modern processing technology," Halimi, a local leader, said during a hearing on Wednesday between residents and Tangerang Mayoralty councilors on the planned dump transfer.

Mob kills alleged thief

Mob kills alleged thief SEMARANG: A man who was alleged to have stolen a bird was beaten to death by residents of Kalimoro village in Kedungjati subdistrict on Wednesday. A police officer, Lt. Purnomo, said the suspect, identified as Suwondo, 30, sustained severe injuries to his head and chest. Purnomo regretted the residents were unable to control their emotions and resorted to attacking the man. "The public should not take punitive measures of their own against suspects," he said. (har/edt)

Bank DKI to pursue Rp 340b bad debts

Bank DKI to pursue Rp 340b bad debts JAKARTA (JP): City-owned Bank DKI will set up a team to collect bad debts amounting to Rp 345 billion (US$49 million) following the failure of the Indonesian Banking Restructuring Agency (IBRA) to handle the non-performing debts, the bank's executive said on Thursday. "The bad debts were earlier handed over to IBRA as part of the bank recapitalization program.

Minister denies irregularities in granting forest concessions

Minister denies irregularities in granting forest concessions JAKARTA (JP): Minister of Forestry and Plantations Nur Mahmudi Ismail dismissed on Thursday allegations 51 forest concessions awarded by the ministry were tainted by corruption, collusion and nepotism. Nur said he reevaluated the 51 concessions awarded by his predecessor Muslimin Nasution and concluded there was nothing untoward in the process.

Govt backs down on Israel trade ties

Govt backs down on Israel trade ties JAKARTA (JP): President Abdurrahman Wahid on Thursday back- pedaled on his plan to open trade links with Israel, saying that he would only move forward after deep and lengthy studies. "I will have to study it first," Abdurrahman said during an unprecedented policy debate with the House of Representatives. "This will be a long process," he added. The plan to open trade ties with the Jewish state, revealed by the President only a day after his Oct.

KL opposition seeks to nominate Anwar

KL opposition seeks to nominate Anwar KUALA LUMPUR (Agencies): Malaysia's opposition alliance will try to nominate jailed former deputy premier Anwar Ibrahim as a candidate in the Nov. 29 election, his wife says. "He will stand as a candidate in KL (Kuala Lumpur)," Azizah Ismail said, adding the constituency had already been decided.

Acehnese stock up on staple foods

Acehnese stock up on staple foods BANDA ACEH, Aceh (JP): Fears of an outbreak of violence in the province has prompted residents here to inundate markets and stores to stock up on staple foods. Residents were also anticipating on Thursday a surge in market prices. Two local markets in Peunayung and Kampung Baru in the Aceh mayoralty were packed with people buying rice, sugar, cooking oil and eggs.

'Hot' money could burn fragile Asian economies

'Hot' money could burn fragile Asian economies SINGAPORE (Reuters): The good news is Asia is still firmly on investors' radar screens. The bad news? A big chunk of it is hot money. Spectacular rises in regional stock markets at the turn of the year tended to run out of steam around mid-year, but overseas cash has continued to trickle back.

Gus Dur refuses to budge on closure of ministries

Gus Dur refuses to budge on closure of ministries JAKARTA (JP): President Abdurrahman Wahid was firm in maintaining his ground on Thursday in closing the information and social services ministries, even as eight out of 10 factions at the House of Representatives (DPR) called for a policy reversal or review. "The House members' opinions to have the two ministries revived were good. Nevertheless, it (the decision) has happened.

Old habits die hard

Old habits die hard An Officers Honors Council is likely to be formed shortly. Setting up an exclusive apparatus such as this to settle cases of violations of the law committed by their members; that seems to be the military's answer to the perilous situation that is at present developing in Aceh. This reminds us of our old experience -- of solutions that invariably fail to really solve problems.

Antonius, Denny reach China Open semifinals

Antonius, Denny reach China Open semifinals JAKARTA (JP): Indonesian men's doubles shuttlers Antonius Budi Irianto and Denny Kantono became on Thursday the only Indonesians remaining in the US$150,000 China Open semifinals after other players made their exits in earlier rounds. Fourth seeded Antonius and Denny, who are ranked seventh in the world, eliminated on Thursday fifth seeded duo Yu Jinhao and Chen Qiqiu of China 15-10, 15-6 in the quarterfinals.

Aceh: A referendum for what?

Aceh: A referendum for what? From Rakyat Merdeka President Abdurrahman Wahid and his Cabinet are facing many problems toward the realization of the ideals of a New Indonesia. While the economic sector shows signs of recovery, on the political side the state is threatened by disintegration. Learning from the loss of East Timor, the government really needs to be wise and seriously pay attention to the demands of other provinces in Indonesia.

Zarina faces drug trafficking charge

Zarina faces drug trafficking charge JAKARTA (JP): City police detectives chief Col. Alex Bambang Riatmodjo said on Thursday that his office would charge Zarina Mirafsur with drug trafficking as stipulated in Article 60 of Law No. 5/1997 on psychotropic substances. "That's the article that we're going to nail her with," officer Alex told The Jakarta Post.

Stop tearing each other apart

Stop tearing each other apart Thanks to all who have responded to my letter, published in The Jakarta Post on Nov. 5. My special respect to Mrs. Farida Hanum for the openness, clarity and courage of her contribution of Nov. 12 (without the abrasive parts, it would have been even better). I have lived in this country since 1982, and I do not think I am superficial. I have studied with great attention the Aug.

Asia faces pressure on rapid trade reforms

Asia faces pressure on rapid trade reforms SINGAPORE (AFP): Many Asian developing economies emerging from crisis are facing domestic pressure against faster trade liberalization at the upcoming WTO ministerial talks in Seattle, Washington, analysts in the region say. Sheltered domestic industries are worried they would be overwhelmed by competition if their markets were thrown open while still recovering from a recession caused by the financial turmoil which erupted in mid-1997.

Taiwan-RI flights unaffected by Y2K

Taiwan-RI flights unaffected by Y2K JAKARTA (JP): Taiwan-based EVA Air said on Thursday it would fly as usual to Taipei from Jakarta or Denpasar on New Years Eve, but suspend its connecting flights between Denpasar and Surabaya as a year 2000 bug (Y2K) precautionary measure. EVA Air's deputy general manager for Indonesia Makmun Hamsa said the airline's fleet was already Y2K compliant and the cancellation was partly due to the unclear Y2K preparations at the airports in the two cities.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Nov. 18, 1999: Bank notes rates Buying Selling Rp Rp U.S.