Indonesian Political, Business & Finance News

Archive: 27 November 1999

64 articles found

Syahnakri to prioritize repatriation of East Timorese refugees

Syahnakri to prioritize repatriation of East Timorese refugeesBy Lela E. Madjiah The following article is based on an interview with Maj. Gen. Kiki Syahnakri, Operation Assistant to Army Chief of Staff.

TNI vows to get tough on separatists

TNI vows to get tough on separatists BANDUNG (JP): Despite growing opposition to repressive military measures, the Indonesian Military (TNI) kept up its tough talk against separatist threats on Friday by warning it would not tolerate actions which could undermine the state's integrity.With the Dec.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 26, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,200 0 716,000 AHAP Insurance 550 0 0 Alakasa Industrindo 700 50 22,500 Alter Abadi 425 -25...

Reopening of Bank of China office urged

Reopening of Bank of China office urged JAKARTA (JP): The Association of Indonesia-China Economic, Social and Cultural Cooperation called on the government on Friday to allow Bank of China to reopen its branch office in Jakarta. Chairman of the association Sukamdani S.

Two teenage drug traffickers nabbed

Two teenage drug traffickers nabbed JAKARTA (JP): Police detectives from the Pasar Minggu Police subprecinct apprehended on Thursday two alleged shabu-shabu (crystal methamphetamine) traffickers on Jl. Purbaya in South Jakarta, a police report said.

Incentives for investors

Incentives for investors It is certainly good to be an investor. Many countries are ready to grant them various incentives and special facilities, including tax privileges and special treatment, to encourage them to spend their money.

Islam forbids tie with jinn

Islam forbids tie with jinn Many changes have taken place in the country. Members of Nahdlatul Ulama (NU) are now seeking the assistance of jinn. On Nov. 22, 1999, it was reported in Pos Kota that hundreds of jinn, magicians and people endowed with supernatural powers were involved in guarding the...

Residents protest minivan strike

Residents protest minivan strike MAKASSAR, South Sulawesi: People living in the northern part of this provincial capital questioned on Friday the local government's slow-paced efforts in resolving a strike staged by hundreds of public minivan drivers.

Export of excavated material

Export of excavated material We refer to your article Alert sounded in dumping of hazardous waste in RI dated Nov. 9, 1999 (page 2).The Singapore Ministry of the Environment has not issued permits to any Singaporean or Indonesian company to export excavated materials, including marine clay, from...

Manggarai floodgate prevents disaster

Manggarai floodgate prevents disasterBy Ida Indawaty Khouw Floods have been a perennial visitor to Jakarta since at least the 5th century. They are a recurrent nightmare for many city residents and an opportunity for fun for children.

Asian stock markets close generally higher

Asian stock markets close generally higher HONG KONG (AP): Asian stock markets closed generally higher Friday, but the key index in Taipei tumbled almost 4 percent on rumors that China was amassing submarines and fishing boats across from the island.Hong Kong's blue-chip Hang Seng Index rose 1.

Tunas Baru Lampung to go public next year

Tunas Baru Lampung to go public next year JAKARTA (JP): Crude palm oil (CPO) producer PT Tunas Baru Lampung will launch an initial public offering (IPO) in January next year to raise between Rp 173 billion (US$25 million) and Rp 322 billion to finance its expansion.

Rp 3 billion allocated to remove 'becak'

Rp 3 billion allocated to remove 'becak' JAKARTA (JP): The city administration introduced on Friday a new approach in its ambitious campaign to establish a becak (pedicab)-free Jakarta.Head of the city's public order office Hadi Utomo said the city administration would allocate funds of between Rp...

'TVRI', 'RRI' to be self-financed

'TVRI', 'RRI' to be self-financed JAKARTA (JP): The state television station TVRI and radio station RRI will have to make profits and finance their expenditures in three years, following the closure of the information ministry.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Nov. 26, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,164.00 7,236.00Australian dollar 1 4,559.89 4,612.95Austrian schilling 1 530.05 535.64Belgian franc 1 180.81 182.71Brunei dollar 1 4,284.95 4,330.60Canadian dollar 1 4,885.

Youths pray for peace, unity

Youths pray for peace, unity YOGYAKARTA: About 500 youths representing various religions grouped under the United People's Forum gathered at the Pagelaran hall in the Sultan's Palace compound on Friday to say prayers for national unity and peace.

Sigit, Halim remain in Hong Kong Open

Sigit, Halim remain in Hong Kong Open JAKARTA (JP): The new partnership of Sigit Budiarto and Halim Heryanto are Indonesia's sole hope in the US$30,000 Hong Kong Open final, after they easily defeated Chang Kim Wai and Hong Chien Hun of Malaysia 15-6, 15-7 in Friday's semifinals.

A New Indonesia

A New IndonesiaFrom Rakyat MerdekaFrom the beginning, the student movement had the sole objective of removing Soeharto from the presidency and electing a president according to the people's wishes. Their motto was to abolish collusion, corruption and nepotism and implement total reform.

Where to go in Yogyakarta: Saturday, Nov. 27, 1999

Where to go in Yogyakarta: Saturday, Nov. 27, 1999Exhibitions* Painting Exhibition by Asri Nugroho, Bentara Budaya, Jl. Suroto 2 (phone: 0274-560404), 9 am - 1 pm and 5 pm - 9 pm, Dec 3 - 10. * Painting, installation and art performing exhibition: Chemistry of Combustion and Illumination by...

Sutiyoso's office warns of scam

Sutiyoso's office warns of scam JAKARTA (JP): The city administration warned Jakarta residents on Friday about an illegal lottery in which a Kijang van prize was reportedly from Governor Sutiyoso's office.

Tough talks ahead over Spratlys

Tough talks ahead over Spratlys MANILA (AP): Long and difficult negotiations will be needed to persuade China to endorse a draft "code of conduct" adopted by Southeast Asian officials to limit conflicts over disputed territories in the South China Sea, a Philippine official said on Friday.

Anwar deplores extremism fears raised by ruling party

Anwar deplores extremism fears raised by ruling party KUALA LUMPUR (AFP): Jailed Malaysian ex-deputy premier Anwar Ibrahim accused on Friday the National Front of creating a "culture of fear" and urged Chinese and Indian voters not to be scared by forecasts of riots and Islamic extremism if the...

Govt insists on licensing more airlines

Govt insists on licensing more airlines JAKARTA (JP): The government defended on Friday a recent decision to allow more scheduled airlines to operate in the country.Secretary General of the Ministry of Communications Anwar Suprijadi said the decision was taken in a bid to promote fair competition...

Laos, Thailand, Vietnam deal

Laos, Thailand, Vietnam deal BANGKOK (AFP): Laos, Thailand and Vietnam signed a landmark transport agreement Friday which aims to slash red tape and boost economic development, an Asian Development Bank (ADB) official said.

Kerebet village gains fame for its handicrafts

Kerebet village gains fame for its handicraftsBy Singgir Kartana YOGYAKARTA (JP): Kerebet is only a small and remote village in Yogyakarta yet it has great potential as one of the region's biggest handicraft producers.

E. Asian common market still decades away

E. Asian common market still decades awayBy Raju Gopalakrishnan MANILA (Reuters): A common market which links China, Japan and both Koreas to the tiger economies of Southeast Asia is a mouth- watering prospect for the region but one which is at least decades away.

Philippine GNP expands 3.3%

Philippine GNP expands 3.3% MANILA (AFP): The Philippines' gross national product (GNP) grew 3.3 percent year-on-year in the three months to September with gross domestic product (GDP) growth at 3.1 percent, Economic Planning Secretary Felipe Medalla said here Friday.

Japanese asked to head IMF

Japanese asked to head IMF MANILA (AP): Asian nations were building a consensus Friday around supporting a Japanese candidate to head the International Monetary Fund (IMF), signaling a resurgent confidence on the world stage after two years of being humbled by economic crisis.

Obuchi supports RI reform efforts

Obuchi supports RI reform efforts JAKARTA (JP): Japanese Prime Minister Keizo Obuchi arrived here on Friday for a two-day working visit, thus giving him the distinction of being the first foreign leader to visit Indonesia since the election of Abdurrahman Wahid as president in October.

Fiskaragung declared bankrupt

Fiskaragung declared bankrupt JAKARTA (JP): The Jakarta Commercial Court declared publicly listed PT Fiskaragung Perkasa bankrupt on Friday after the salt producer failed to reach a debt restructuring agreement with its creditors.

Hamzah quits as minister

Hamzah quits as minister JAKARTA (JP): President Abdurrahman Wahid announced here on Friday he had accepted the resignation of Hamzah Haz and had appointed Basri Hasanuddin to replace him as coordinating minister for people's welfare and poverty eradication.

The fiscal distress

The fiscal distress Congratulations on bringing attention and clarity to the looming fiscal liquidity crisis in Indonesia in your Nov. 20, 1999, editorial The fiscal distress.But surely you can be a little harder hitting -- and helpful -- than concluding meekly as you do with an unarticulated "hope...

Who says Aceh is integral to RI?

Who says Aceh is integral to RI?By M. Yusuf Daud STOCKHOLM, Sweden (JP): The struggle of the oppressed peoples of the world for their right to self-determination has often been overshadowed by the notion of so-called "territorial integrity" and the principle of noninterference in the "internal...

Port police seize $1m shipment goods

Port police seize $1m shipment goods JAKARTA (JP): Tanjung Priok Port Police have arrested three men and confiscated millions of rupiah from them for their alleged roles in a recent robbery of 10 empty wooden shipment containers and diesel engines worth Rp 7 billion (US$1 million) from a warehouse...

Gus Dur's tours

Gus Dur's toursFrom Media IndonesiaI am encouraged to criticize President Abdurrahman Wahid, better known as Gus Dur, after he said at the opening of the 30th congress of Nahdlatul Ulama at the Lirboyo pesantren (Islamic boarding school) in Kediri, East Java, that he would be happy to receive...

Asia First

Asia First The summit of the Association of Southeast Asian Nations (ASEAN) in Manila this weekend is of great importance for the region and for Indonesia. It will be the last summit before we move into a new millennium, with all the exciting and unpredictable challenges facing the world and the...

IBRA asked to be responsible for Bank Bali decision

IBRA asked to be responsible for Bank Bali decision JAKARTA (JP): Bank Indonesia has demanded the Indonesian Bank Restructuring Agency (IBRA) be responsible over the decision to nationalize Bank Bali following a lawsuit against the central bank governor by the former owner of Bank Bali.

ASEAN leaders prepare to add emphasis to East Asia ties

ASEAN leaders prepare to add emphasis to East Asia ties MANILA (Reuters): Southeast Asian leaders will take the unusual step of revising the draft agreement for a weekend summit in Manila to sharpen plans for greater trade and financial cooperation with Japan, China and South Korea.

Women renew no violence call

Women renew no violence call SEMARANG: About 100 women grouped under the Joint Forum for Women's Rights distributed flowers to motorists and pedestrians on the city's main streets on Friday in the latest campaign against violence.

Where to go in Jakarta: Saturday, Nov. 27, 1999

Where to go in Jakarta: Saturday, Nov. 27, 1999Festival 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.

Latief summoned over Jamsostek scam

Latief summoned over Jamsostek scam JAKARTA (JP): The Jakarta Prosecutor's Office is scheduled to question former manpower minister Abdul Latief on Monday as a suspect in alleged corruption concerning state-owned social insurance company PT Jamsostek.

Teachers demand budget hike

Teachers demand budget hike SEMARANG: About 50 teachers who claimed to represent 250,000 members of the Indonesian Teachers Association (PGRI) rallied at the provincial legislature on Friday to demand a rise in the state budget allocated for education.

Bridgestone enters Kalimantan

Bridgestone enters Kalimantan TOKYO (Dow Jones): Bridgestone Corp., Japan's largest tiremaker, said Friday it bought and began production at a natural rubber plantation in Indonesia earlier this month.PT Bridgestone Kalimantan Plantation, which covers 6,000 hectares in the province of South...

Hasan to reform PASI if he is reelected

Hasan to reform PASI if he is reelected JAKARTA (JP): Chairman of the Indonesian Amateur Athletic Association (PASI) Muhammad "Bob" Hasan said on Friday he would reform the 49-year-old association should he be reelected for the 1999-2003 term.

Government to build tunnels to free city from floods

Government to build tunnels to free city from floods JAKARTA (JP): The central government is planning to build two water tunnels at Sukasari village in Bogor, some 40 kilometers east of here as a scheme to settle flood problems in the capital, an official said on Friday.

Jaya Raya leads Aqua Masters

Jaya Raya leads Aqua Masters KUDUS, Central Java (JP): Jakarta-based Jaya Raya club dominated the Aqua Masters interclub national badminton championships at the Djarum Kudus hall on Thursday evening.Jaya Raya men's team defeated Djarum 3-1.

Military accused of hiding bodies in mass graves

Military accused of hiding bodies in mass graves ATAMBUA, East Nusa Tenggara (JP): An Indonesian investigation team on alleged rights abuses in East Timor suggested on Friday that a middle-ranking army officer was responsible for removing and hiding 26 bodies in a mass grave near the East Timor...

38 killed in fresh violence in Ambon

38 killed in fresh violence in Ambon AMBON, Maluku (JP): As many as 38 people were killed in fresh violence which erupted on Thursday and continued into Friday in troubled Ambon.The list of victims made available at the Dr.

Hasyim elected NU chairman, VP closes congress

Hasyim elected NU chairman, VP closes congress KEDIRI, East Java (JP): Vice President Megawati Soekarnoputri closed on Friday the Nahdlatul Ulama (NU) congress, which elected Hasyim Muzadi the new chairman in place of Abdurrahman Wahid.

S. Jakarta Court rejects Zarina's lawsuit on technical grounds

S. Jakarta Court rejects Zarina's lawsuit on technical grounds JAKARTA (JP): A South Jakarta District Court judge cited a legal technicality in dismissing on Friday the lawsuit filed by alleged drug trafficker Zarina Mirafsur against the city police.

Wealth commission to prob 35,000 government officials

Wealth commission to prob 35,000 government officials JAKARTA (JP): The independent commission investigating the wealth of government officials will target 35,000 officials ranging from the President to top echelon state employees.

Celebrating the new millennium in Yogya

Celebrating the new millennium in YogyaBy Asip A. Hasani YOGYAKARTA (JP): New Year's Eve is always a special time for many people, but the coming celebration is particularly remarkable because of it ushering in the new millennium.

Bank Mandiri security guard shot dead while mailing letter

Bank Mandiri security guard shot dead while mailing letter JAKARTA (JP): Central Jakarta and city police detectives spent at least two hours combing the Jl. Juanda area in Central Jakarta, after two men managed to flee the scene after allegedly shooting a Bank Mandiri security guard to death in...

Major drug haul in N. Sumatra

Major drug haul in N. Sumatra MEDAN (JP): North Sumatra Police have confiscated over one ton of dry cannabis in the last six months, with one-third of the haul seized Thursday morning.During a raid on Jl. Sering early Thursday, police seized 316 kilograms of cannabis, 145.

Giving a shout out

Giving a shout outFrom PelitaThe reform movement sweeping across the country -- after citizens were denied their right to democracy for the past 32 years -- has resulted in people from all levels of the community shouting at the top of their lungs as if this was a manifestation of democracy.

'Kidhung Kunthi' tells mothers' hardships

'Kidhung Kunthi' tells mothers' hardshipsBy Sri Wahyuni YOGYAKARTA (JP): Kunthi is endlessly praying and weeping, hoping that God can stop a duel between her two beloved sons Arjuna and Karna.But their fates are inevitable. One of them must die in the battle.

JIFFest: A quality cinematic outing for capital's children

JIFFest: A quality cinematic outing for capital's childrenBy Tam Notosusanto JAKARTA (JP): The kids are certainly not left out at the Jakarta International Film Festival. They have their own shows to see: movies the festival's organizers have specially prepared for them.

Ratih installed as presidential secretary

Ratih installed as presidential secretary JAKARTA (JP): President Abdurrahman Wahid installed his private assistant Ratih Kaniawan Hardjono in the newly created post of presidential secretary on Friday.

ITTO donates $1.6m for forestry projects

ITTO donates $1.6m for forestry projects JAKARTA (JP): The International Tropical Timber Organization (ITTO) agreed on Thursday to provide a grant of US$1.6 million to support the government's efforts in promoting sustainable forest management.

ASEAN says Japan may make crisis funds permanent

ASEAN says Japan may make crisis funds permanent MANILA (Agencies): Japanese officials have agreed to endorse to their government a proposal by the Association of Southeast Asian Nations (ASEAN) to make permanent Tokyo's multi-billion dollar funds available for crisis-hit neighbors.

Mutilated woman 'murdered': Police

Mutilated woman 'murdered': Police JAKARTA (JP): The results of the autopsy on the partial remains of a woman found on Wednesday morning near Kota railway station in North Jakarta disclosed that she had been physically abused before being killed, a police officer said on Friday.

Only 4% of state banks' problem loans will be recovered: IBRA

Only 4% of state banks' problem loans will be recovered: IBRA JAKARTA (JP): Only 4 percent of the Rp 267 trillion (US$38.1 billion) in problem loans taken over by the government from state banks will eventually be recovered, the Indonesian Bank Restructuring Agency (IBRA) predicted on Friday.

Apartments, hotels prepare to face millennium bug

Apartments, hotels prepare to face millennium bug JAKARTA (JP): Apartment residents and hotel guests in the capital have been warned to reserve an adequate supply of water, keep emergency lighting on hand and to avoid using elevators at midnight on New Year's Eve.

Hasyim is Gus Dur's man, ulemas say

Hasyim is Gus Dur's man, ulemas say KEDIRI, East Java (JP): Hasyim Muzadi's election as chairman of Nahdlatul Ulama (NU) was cautiously welcomed by local and foreign observers on Friday, with some noting the victory attested to Abdurrahman Wahid's secure hold on the Muslim organization.