Indonesian Political, Business & Finance News

Archive: 20 November 1999

59 articles found

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 9:00 Music 11:00 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 World News 9:30 Talk Show 10:30 Quiz 11:00 Film 12:30 a.m. Late News Program 2 4:30 p.m. Dances 5:00 City News 5:30 Music 6:00 TV Drama 6:30 News (in English) 7:00 Evening News 7:30 TV Drama TPI 5:30 a.

Give the govt a chance

Give the govt a chance I would like to strongly encourage all Indonesian people, particularly those from the professional communities, to stop any movements, criticism and demonstrations against the government. Let us all give it a fair chance. It has been barely two months since the new government was formed and people are already asking too much! The first of my two questions: When are we going to concentrate and focus on improving our lives if we are too busy screaming on the streets?

Explosive time looms as festive season approaches

Explosive time looms as festive season approaches JAKARTA (JP): Firecracker vendors have started to hit the city's streets, expecting big business during New Year celebrations and the upcoming Muslim fasting month of Ramadhan, despite a plan by the city police to conduct selective raids on their explosive circulation.

Moment of truth for agriculture at WTO

Moment of truth for agriculture at WTO By Martin Parry SYDNEY (AFP): Liberalizing agricultural trade will be the hot topic for the Cairns Group of exporters in a new round of global trade talks beginning this month, but analysts question the likelihood of any breakthrough. Agriculture has been one of the thorniest issues in the preparations for a meeting of trade ministers in Seattle, Washington, from Nov. 30 to Dec. 3 to launch a new round of global free trade talks.

The curse on the presidency

The curse on the presidency Referring to Bapak Soegih Arto's letter A curse on the presidency published on Nov. 4, 1999, I feel obliged to comment on the subject to make things clearer. Pak Soegih Arto stated that B.J. Habibie suffered also the curse because he made many mistakes due to his inexperience in state and political matters. As a politician he is a big zero.

Govt to review regulation that 'saves' Freeport

Govt to review regulation that 'saves' Freeport JAKARTA (JP) The government may revoke a governmental regulation which has exempted copper and gold mining company PT Freeport from a mandatory divestment program, a senior official at the Ministry of Mines and Energy said on Friday. Ministry secretary-general Djoko Darmono said the government would review regulation No.

Midday heist nets Rp 79.2m

Midday heist nets Rp 79.2m JAKARTA (JP): Four robbers aboard two motorcycles made off with Rp 79.2 million (US$11,500) in a midday robbery on the busy Jl. Sahardjo in South Jakarta on Friday. Police identified the victim as Ani Andari, 36, an employee of PT Danakaya Sentra Makmur, a marine surveying services company. "The robbery took place at 12:30 p.m. in the parking lot of the BCA (Bank Central Asia) branch office on Jl. Sahardjo," the police report stated.

Spratlys hangs over ASEAN-China summit

Spratlys hangs over ASEAN-China summit By Mynardo Macaraig MANILA (AFP): Simmering tensions in the Spratly islands in the South China Sea are expected to dominate at an informal summit here of Southeast Asian leaders with their counterparts from China, Japan and South Korea. Host Philippines has made the dispute over the islands a key issue of the summit through its campaign to get claimant countries to agree to a "code of conduct" aimed at avoiding conflict in the chain of islands.

PGI rejects separatism

PGI rejects separatism BOGOR, West Java (JP): The Indonesian Communion of Churches (PGI) called on the nation on Thursday to enhance solidarity and avoid national disintegration. In a statement summing up its three-day national conference here, the PGI encouraged the Indonesian's efforts "to gain freedom from all kinds of adversities ... particularly in Aceh, Irian Jaya and East Timor".

Controversy over Indonesia-Israel relations

Controversy over Indonesia-Israel relations The Foreign Minister has finally said plans to establish ties with Israel are on hold for an indefinite period and that any such plans would be consulted with legislators. International relations researcher Riza Sihbudi of the Indonesian Institute of Sciences looks at the factors which need to be taken into account.

U.S. envoy to visit Indonesia

U.S. envoy to visit Indonesia JAKARTA (JP): The United States Ambassador to the United Nations Richard Holbrooke will arrive here on Saturday morning to conduct talks with top government officials before heading to East Timor. Holbrooke, who will be accompanied by U.S. Assistant Secretary Stanley Roth, is scheduled to meet separately with President Abdurrahman Wahid, Vice President Megawati Soekarnoputri, Foreign Ministry Alwi Shihab and Minister of Defense Juwono Sudarsono.

Indonesian doubles hope bows out in China Open

Indonesian doubles hope bows out in China Open JAKARTA (JP): Indonesia's sole hopes in the US$150,000 China Open Antonius, Budi Irianto and Denny Kantono, failed to reach the final and had to bow out to world champion Kim Dong-moon and Ha Tae-kwon of South Korea 5-15, 3-15 in Beijing on Friday. Kim and Ha will face Lee Dong-soo and Yoo Yong-sung, who defeated Simon Archer and Nathan Robertson of England 15-8, 15- 13, in an all-Korean final on Saturday.

Documentaries at JIFFest provide glimpses of Indonesia

Documentaries at JIFFest provide glimpses of Indonesia By Tam Notosusanto JAKARTA (JP): It's called The Great Post Road. It's a 1,000 kilometer passage that cuts across the island of Java, from Anyer to Panarukan. The road was built in early 19th century under the instruction of Herman Willem Daendels, the governor general of the Dutch East Indies, to allow smooth transportation of goods during the colonial era.

$8.5m grant from Japan

$8.5m grant from Japan JAKARTA (JP): The Japanese government gave Indonesia 888 million yen (US$8.5 million) in grant assistance under diplomatic notes which were signed here on Friday by Japan's Ambassador Takao Kawakami and Indonesia's Director General for Foreign Economic Relations Johan Syahperi. The grant is part of the Japanese government aid commitment to Indonesia for the current fiscal year ending next March. (06)

Observers call on reporters to reject Djadja's donation

Observers call on reporters to reject Djadja's donation JAKARTA (JP): Media observers called on Friday for journalists to reject all gifts or "donations" from their news sources, especially from governing parties, in order to maintain their independence and freedom to file reports. Andi Muis, Mochtar Lubis and Arswendo Atmowiloto told The Jakarta Post separately that the gifts or donations would only undermine the country's recently won press freedom.

Teenager arrested for murder

Teenager arrested for murder JAKARTA (JP): Police detained an 18-year-old resident of Wijayakusumah subdistrict in West Jakarta for allegedly killing a 65-year-old neighbor, Siti Aisyah, early Thursday morning. Police at Tanjung Duren station said the suspect, identified only as Budi, was attempting to steal the woman's small black-and-white television along with two of his friends. Aisyah, a retired elementary school teacher, was found dead in the living room.

46 kgs of ganja seized in Tangerang

46 kgs of ganja seized in Tangerang JAKARTA (JP): Police have seized 46.15 kilograms of dried marijuana estimated to have the street value of at least Rp 90 million (US$13,000) from four suspected drug dealers in a single raid in Tangerang. Tangerang police chief Lt. Col.

UN diplomat blames TNI for E. Timor carnage

UN diplomat blames TNI for E. Timor carnage DILI, East Timor (AP): Indonesian army officers responsible for the violence that followed East Timor's independence referendum in August must be brought to justice, the former chief of the UN mission in the territory said on Friday.

Martial law plan comes under fire

Martial law plan comes under fire JAKARTA (JP): State Minister of Human Rights Affairs Hasballah M. Saad accused on Friday military and defense officials of undermining the government's efforts of reconciliation in Aceh by demanding the imposition of limited martial law in the restive province. Hasballah outlined the careful steps being taken by the government in resolving the growing successionist calls in Aceh through nonrepressive means.

President's planned Middle East tour riles the House

President's planned Middle East tour riles the House JAKARTA (JP): President Abdurrahman Wahid once again raised a few eyebrows when he announced that he would go abroad on Monday for a three-country visit to the Middle East followed by the Philippines despite the unsettled domestic strife. The President will be going to Kuwait, Qatar and Jordan. He is scheduled to address a meeting of the World Congress of Religion and Peace, which he chairs, in Amman on Thursday.

The fiscal distress

The fiscal distress Measured by whatever financial ratios, President Abdurrahman Wahid's government is indeed facing the daunting and immediate task of tackling mountains of sovereign debts which threaten to explode the fiscal deficit to an unmanageable level and cripple the country's fragile economic recovery.

Mustofa launches poetry album

Mustofa launches poetry album SEMARANG: Nahdlatul Ulama cleric Mustofa Bisri launched his first album titled Tadarus containing religious songs and poetry composed as a way of propagating Islam. Mustofa, popularly known as Gus Mus, is a noted writer and poet from Rembang, Central Java. He has been touted as a strong candidate to fill Abdurrahman Wahid's shoes as NU chairman during its congress, which opens on Sunday.

BPGS negotiates with IBRA on Mulia and Hilton hotels

BPGS negotiates with IBRA on Mulia and Hilton hotels JAKARTA (JP): The Gelora Senayan Management Board (BPGS) has asked the Indonesian Bank Restructuring Agency (IBRA) to seek a settlement for its debt row with PT Indobuildco and PT Mulia Intan Lestari, which have leased its land for years. The Gelora Senayan Executive Directors chairman Yasidi Hambali said on Thursday that he started to negotiate with IBRA four months ago to charge both companies with the lease contracts.

What constitutes a war crime?

What constitutes a war crime? By David Jardine JAKARTA (JP): As the United Nations Human Rights Commissioner, the straight-talking Mary Robinson, goes about her work of evaluating any evidence of war crimes and crimes against humanity committed in East Timor it is reasonable to ask just what such crimes they might be. Given the slowness of the proceedings at the Yugoslavia War Crimes Tribunal in The Hague, a serious attempt at clarity is of the essence.

N..Korea, S. Korea to set joint team

N..Korea, S. Korea to set joint team SEOUL (Reuters): North Korea has not ruled out joining forces with rival South Korea to form a team for soccer's 2002 World Cup, Seoul's top football official said on his return from Pyongyang on Friday. Chung Mong-joon, president of the Korea Football Association and a vice-president of football's international ruling body FIFA, conveyed a message from North Korean officials after a five-day visit.

Old drug cases involving military, police pile up

Old drug cases involving military, police pile up JAKARTA (JP): The military police is still handling the cases of 28 Army and police officers suspected of either drug dealing, planting marijuana or illegally selling liquor over the past three years, Col. Saleh Saaf of the National Police information unit said. "In some cases the dossiers have not even been completed. In others, the cases are still being tried at military tribunals. It's really going slow," Saleh said. "New cases are piling up.

10 murder suspects questioned

10 murder suspects questioned TANGERANG (JP): Tangerang Police are investigating Wednesday's murder of two alleged kidnappers and rapists at Keramat village hall in Pakuhaji subdistrict. "Police are interrogating 10 Keramat residents who were allegedly involved in the brutal assault and burning of Agung and Ali Sadikin," Tangerang Police precinct chief Lt. Col. Pudji Hartanto said on Thursday.

President lashes out at critics of Israel ties

President lashes out at critics of Israel ties GARUT, West Java (JP): President Abdurrahman Wahid lashed back at protesters who use religious scriptures to criticize him over topics such as opening trade ties with Israel, saying that they themselves were ignorant of Koranic teachings. "They have yet to truly comprehend, but they immediately go mad about it," President Abdurrahman said.

Wicaksana debt talks near completion

Wicaksana debt talks near completion JAKARTA (JP): PT Wicaksana Overseas International, one of the country's major consumer product distributors, said on Thursday negotiation on the restructuring of its US$131 million debt was nearing completion. The company's finance director, Ekahadi Djaya, said the negotiations on the debt restructuring, which started early last year, had been intensified in the last three months.

Gus Dur urges Acehnese to settle their differences

Gus Dur urges Acehnese to settle their differences GARUT, West Java (JP): President Abdurrahman Wahid called on the Acehnese on Friday to sort out their divergent views on the referendum before approaching the central government. "The people of Aceh must settle their differences first before consulting the central government," Abdurrahman said after attending Friday prayers here. Abdurrahman, popularly known as Gus Dur, has been supportive of calls for a referendum in Aceh.

Goldman Sachs Group launches an asset hunt in Asian region

Goldman Sachs Group launches an asset hunt in Asian region BANGKOK (Reuters): U.S. investment bank Goldman Sachs Group Inc is on a hunt for undervalued and recyclable assets across Asia as it seeks to plant its footprint in the region. The president and managing director of Goldman Sachs (Asia), Richard Gnodde, said on Friday his team would look at investments in high technology companies, hotels and the financial sector where it thought management could be improved or extra value squeezed out.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 19, 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,100 75 2,013,000 AHAP Insurance 550 0 0 Alakasa Industrindo 650 125 131,000 Alter Abadi 475 25 1,128,500 Alumindo Light Metal 1,200 -75 701,500 Aneka Kimia Raya 725 125 223,500 Aneka Tambang (Persero) 1,425 0 271,500 Anwar Sierad 375 0 684,500 APAC Centertex Corp.

Abdurrahman to install new Army chief of staff

Abdurrahman to install new Army chief of staff JAKARTA (JP): President Abdurrahman Wahid will install Lt. Gen. Tyasno Sudarto as the new Army chief of staff on Saturday, Indonesian Military (TNI) spokesman Maj. Gen. Sudrajat said on Friday. Tyasno, who currently heads the Military Strategic Intelligence Agency (BAIS), will replace Gen. Subagyo Hadisiswoyo, who will then be installed as an aide to the President, Sudrajat said.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Nov. 19, 1999: Bank notes rates Buying Selling Rp Rp U.S.

New military chief sets tough antidrug agenda

New military chief sets tough antidrug agenda Soldiers involved in drugs to be punished: Ryamizard JAKARTA (JP): Newly installed Jakarta Military commander Maj. Gen. Ryamizard Ryacudu vowed on Friday to take stern measures against any of his officers found guilty of trafficking and drug use. "We'll take firm action against them.

Govt needs to come through on promises for autonomy

Govt needs to come through on promises for autonomy Economist Ken Thomas teaches Third World issues at La Trobe University in Melbourne, and has done research work on Indonesia since the early 1960s. He recently talked to The Jakarta Post in Melbourne on cries for self-determination in Indonesia. The following are excerpts from the interview: Question: Would you agree that economic disparity is behind the main trend toward regional self-determination?

No true preservation for Tugu

No true preservation for Tugu By Ida Indawaty Khouw The majority of Indonesians probably do not realize that the popular Keroncong music originated in North Africa, not Indonesia as is popularly held. Tugu, a small area in North Jakarta which has been designated a preservation site by the Jakarta administration, tells the story of Keroncong's arrival in Indonesia.

Hamzah denies media reports of his resignation

Hamzah denies media reports of his resignation JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Hamzah Haz denied on Friday media reports saying he would quit the Cabinet. But Hamzah acknowledged that he had told close friends of his intention to resign, citing his preference of staying at the House of Representatives as a deputy speaker. "I once admitted to my ulema friends that I would rather remain in an institution which controls the government.

World Bank to shift PNG, E. Timor office to Sydney

World Bank to shift PNG, E. Timor office to Sydney SYDNEY (Reuters): The World Bank said on Friday it will relocate its office covering operations in East Timor, Papua New Guinea and the Pacific islands from Washington to Sydney within six months. "It will be a base for World Bank operations in East Timor, Papua New Guinea and the Pacific islands," Graham Barrett, the bank's Australia and New Zealand representative, told Reuters.

ABN AMRO Account launched

ABN AMRO Account launched JAKARTA (JP): ABN AMRO Bank has launched a new product in rupiah and American dollar which it claims offers transactional convenience and the total flexibility of a savings account with the high returns of a time deposit. Called ABN AMRO Account, the new product does not require minimum deposit, but customers can start earning interest only with balances above Rp 30 million (US$4,280) or $5,000.

Alwi reassures Malaysia over Gus Dur's comments

Alwi reassures Malaysia over Gus Dur's comments JAKARTA (JP): No disrespect intended, none taken. That was the conclusion of Foreign Minister Alwi Shihab after meeting on Friday with Malaysian Ambassador Rastam Mohammad Isa to discuss the meaning of an off-the-cuff statement made by President Abdurrahman Wahid. "The ambassador came to confirm his positive point of view with what the President meant in his statement," Alwi said.

22 SMEs win approval to restructure debts

22 SMEs win approval to restructure debts JAKARTA (JP): Twenty-two small and medium enterprises (SMEs) with Rp 15.53 billion in outstanding debts have won approval from their respective creditors to restructure their debts. The companies are part of the 114 SMEs registered with the Jakarta Initiative Task Force, the government-sponsored agency that facilitates the debts of the private sector.

INACA blasts government over new airlines

INACA blasts government over new airlines JAKARTA (JP): The Indonesian National Air Carriers Association (INACA) expressed concerns on Friday over the government's recent policy to award licenses to new scheduled airlines, describing it as an ill-timed move. INACA chairman Soelarto Hadisoemarto said the country's scheduled airline industry was still in a frail condition after being severely hit by the economic crisis and that it did not urgently need new air carriers.

Military police await dossier on Lt. Agus

Military police await dossier on Lt. Agus JAKARTA (JP): City police dossiers detailing charges against the son of Army chief Gen. Subagyo Hadisiswoyo, Second Lt. Agus Isrok, who was arrested in August for drug possession, are yet to be handed over to city military police, an officer said on Friday. "The military police has yet to carry out the investigation on Second Lt. Agus Isrok because we're waiting for the dossiers from the city police.

Mob attacks dozens of houses

Mob attacks dozens of houses SEMARANG: Hundreds of unidentified people attacked 20 houses and a car in Lomanis village in the Central Java regency of Cilacap on Thursday night. No fatalities or injuries were reported in the unrest. Central Java Police spokesman Lt. Col. Ramlie suspected on Friday that the incident was a consequence of an earlier brawl between youths in Lomanis and Donan villages a couple of days before.

Aspac outshines Panasia in their second meeting

Aspac outshines Panasia in their second meeting JAKARTA (JP): Andi Poejakusuma made one of two free throws in the final eight seconds to ice Aspac's 79-75 victory over Panasia Indosyntec in the sixth series of the 1999 A Mild Kobatama national basketball league at the Senayan basketball arena on Friday. With only eight seconds remaining, Panasia was unable to catch Aspac, meaning the defending champion will most likely finish the regular season in second place.

Locals demand resolution of Maluku unrest

Locals demand resolution of Maluku unrest JAKARTA (JP): More than 50 Muslims and Christians from Maluku rallied at the House of Representatives to protest the government's sluggishness in resolving prolonged sectarian violence in the province. Led by Amir Hamzah from the Muslim group and Hendrik Pattinasa from the Christian group, the protesters, calling themselves the Reconciliation Alliance for Peace in Maluku, were received by House Deputy Speaker Soetardjo Soerjogoeritno.

HK firm to buy 25% of RI bank

HK firm to buy 25% of RI bank HONG KONG (Dow Jones): Citic Ka Wa Bank may acquire a 25 percent stake in Indonesia's Bank Century Intervest Corp., the Sing Tao Daily reported Friday. An official at Bank Century Intervest Sriyono said the acquisition will be finalized by the end of the year, the local paper said. The deal will be sealed Friday, however details of the terms of the deal haven't been finalized, the paper said, quoting unnamed sources.

Final touches made for NU congress

Final touches made for NU congress KEDIRI, East Java (JP): The finishing touches were made on Friday to the grand preparations for the start of the Nahdlatul Ulama (NU) congress, which will be opened on Sunday by it's chairman, Indonesia's President Abdurrahman Wahid. Kediri Mayor Mas'ud, Kediri Military District chief Lt. Col.

L&M to buy RI's IT firm

L&M to buy RI's IT firm SINGAPORE (Dow Jones): Singapore's L&M Group Investments Ltd. is diversifying into the information technology sector by buying into an Internet service provider in Indonesia, the company said late Thursday. L&M Group, an investment holding company, said in a statement it has signed a memorandum of understanding to buy the option to acquire a 51 percent stake in PT Starkomindo Duta Info Cemerlang, an ISP in Indonesia.

Land clearance halts flood canal project

Land clearance halts flood canal project JAKARTA (JP): The plan to construct a flood canal in East Jakarta will not be realized because of difficulty in appropriating land for the Rp 1.9 trillion (US$271 million) project, an official said on Thursday. The head of the city's public works office, M. Fadli, said the city administration had only appropriated three of the 230 hectares required for the 23-kilometer canal.

U.S. sets tough terms for military aid

U.S. sets tough terms for military aid By Yenni Djahidin WASHINGTON (JP): The U.S. House of Representatives on Thursday approved a bill that lays down strict terms for lifting U.S. military sanctions against Indonesia which were imposed in September over the East Timor crisis. The move came a week after Indonesia's new President Abdurrahman Wahid visited Washington during which he discussed the resumption of military ties with President Bill Clinton.

Home for the holidays?

Home for the holidays? Am I the only person angry at British Airways? Or are there more of us out there? In the past two years the service has deteriorated so much until now it is nonexistent. Try calling their number and you end up with Qantas and into the loop of "press number 2 for English or number 1 for Indonesian". Press what you like but after 20 minutes you are still nowhere. What happened to the efficient young ladies who could always find you a booking?

Kim says S. Korean financial crisis over

Kim says S. Korean financial crisis over SEOUL, South Korea (AP): President Kim Dae-jung said Friday that South Korea has fully overcome a foreign exchange crisis that hit in late 1997. It was the first time that Kim has boasted of a full victory over the financial crisis. He previously had maintained a cautious position on the issue.

IBRA to decide on SCB deals for Bank Bali soon

IBRA to decide on SCB deals for Bank Bali soon JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Friday the fate of its management and investment agreements with Standard Chartered Bank (SCB) for Bank Bali would be known next week after the completion of the latter bank's financial and legal audit.

Customs seizes protected items

Customs seizes protected items TANGERANG (JP): Soekarno-Hatta International Airport customs and excise officers handed over to the Ministry of Education 146 prehistoric items which they prevented from being smuggled out of the country. The head of the airport's customs and excise office, Tonny Soenanto, said that on Sept. 11 customs officers became suspicious of luggage containing articles such as necklaces, sculptures and bowls.

Maelstrom facing Gus Dur's govt

Maelstrom facing Gus Dur's govt From Suara Karya While the nation's new government is striving to carry out a series of measures in its reform agenda, we were suddenly surprised by the demand of Aceh to free itself from the Indonesian republic through a referendum. It seems that President Abdurrahman Wahid's government is bombarded with a number of problems.

Gus Dur's irreverent style

Gus Dur's irreverent style Speaking at the House of Representatives, Gus Dur (President Abdurrahman Wahid) managed to give a lighthearted touch to some serious problems. Gus Dur has managed to turn usually boring presidential speeches into eagerly awaited events. The language he uses is far removed from the rigid and formal language of textbooks. Gus Dur speaks in the same everyday language that ordinary people speak, using even expletives to underscore his opinion on certain points.

Where to go in Jakarta: Saturday, Nov. 20, 1999

Where to go in Jakarta: Saturday, Nov. 20, 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.