Archive: 3 November 1999
50 articles found
Wed, 03 Nov 1999, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 02, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 550 0 0 Alakasa Industrindo 325 0 21,500 Alter Abadi 350 50 61,500 Alumindo Light Metal 1,300 0 0 Aneka Kimia Raya 425 0 0 Aneka Tambang (Persero) 1,450 0 2,735,000 Anwar Sierad 250 0 78,000 APAC Centertex Corp.
Wed, 03 Nov 1999, 00:00 WIB
Troops shoot protesters in Aceh, 23 wounded
Troops shoot protesters in Aceh, 23 wounded JAKARTA (JP): At least 23 people were seriously injured in Meulaboh, West Aceh, on Tuesday afternoon when military troops opened fire on thousands of demonstrators who took to the streets to demand a self-determination referendum for the troubled province, witnesses said.
Wed, 03 Nov 1999, 00:00 WIB
$16b expected to return from S'pore: Report
$16b expected to return from S'pore: Report SINGAPORE (AFP): A fifth of US$80 billion in funds that fled Indonesia when unrest was at its height is expected to return following the election of a new leadership, the Singapore Business Times said Tuesday. New President Abdurrahman Wahid was given the estimate by a number of Indonesian tycoons who had fled the country during turmoil of the past two years, it reported.
Wed, 03 Nov 1999, 00:00 WIB
Asian currencies test long-term highs
Asian currencies test long-term highs HONG KONG (Dow Jones): Asian currencies tested new long-term highs Tuesday, but most failed to sustain their gains and had fallen back again by the end of local trading hours. In Southeast Asia early buying interest pushed the Singapore dollar to its highest level in over nine months, as U.S. dollar sales, executed primarily by U.S. investment banks, forced the U.S. currency as low as S$1.6550.
Wed, 03 Nov 1999, 00:00 WIB
Oil prices stable in Asia
Oil prices stable in Asia SINGAPORE (Reuters): Crude prices in Asia were steady on Tuesday, holding the gains from a rally in London and New York on Monday. December New York Mercantile Exchange (NYMEX) crude futures were last traded at $22.50 at 0745 GMT, down just one cent from the New York close. The contract jumped 76 cents higher in New York to close at $22.51 on Monday. The price surge was the result of technically driven buying, as prices broke through some resistance levels.
Wed, 03 Nov 1999, 00:00 WIB
Marzuki pledges to 'clean up' office
Marzuki pledges to 'clean up' office JAKARTA (JP): Newly-appointed Attorney General Marzuki Darusman promised on Tuesday to start "cleaning up" his office and pledged not to compromise in investigations of politically sensitive cases.
Wed, 03 Nov 1999, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibitions * Installation Exhibition by Iwan Wijono, at CCF - French Cultural Center, Jl. Purnawarman 32, until Nov. 10. * Painting Exhibition by Dadang Mochamad Achjar, at Galeri Bandung, Jl. Siliwangi 16 (Phone: 236515), 9 a.m. to 5 p.m., Nov. 5-20. Peformances * Concert: Sujiwo Tejo, at Fame Station, 9:30 p.m., Nov. 4. * Unplugged Rehearsal Event, by young musician groups, at CCF, 6:30 p.m. to 10:30 p.m., Nov. 6.
Wed, 03 Nov 1999, 00:00 WIB
Recommendations to the govt
Recommendations to the govt In order to maintain a reform agenda, so that the goal of a new democratic Indonesia will be achieved, and as a result of the Symposium on Clean and Good Governance, held in Bandung, the Center for Information and Development Analysis states that: 1.
Wed, 03 Nov 1999, 00:00 WIB
Government releases Bank Bali audit
Government releases Bank Bali audit JAKARTA (JP): President Abdurrahman Wahid released on Tuesday the full PricewaterhouseCoopers (PwC) audit into transactions in the Bank Bali scandal, meeting a critical requirement for the resumption of international loans to the government.
Wed, 03 Nov 1999, 00:00 WIB
Drug raids last with two condoms
Drug raids last with two condoms BOGOR (JP): A joint drug raid carried out on Tuesday by the Bogor administration in four schools failed to seize any drugs, although two condoms, a pornographic video compact disc (VCD) and pictures from Playboy magazine were found in a boy's schoolbag in the Ciheuleut area. "We'll continue staging the routine raids and provide proper explanations to students on the dangers of drugs," chief of social and political affairs in Bogor E. Rukanda said.
Wed, 03 Nov 1999, 00:00 WIB
Bomer vows to tackle unemployment
Bomer vows to tackle unemployment JAKARTA (JP): Shrugging off criticisms over his appointment, new Minister of Manpower Bomer Pasaribu has pledged to set up good industrial relations and step up labor exports in an effort to help reduce unemployment in the country. "Unemployment is a serious problem that needs an urgent solution not only from the government but also from the business sector and non-governmental organizations," he said during a hand-over ceremony at the ministry.
Wed, 03 Nov 1999, 00:00 WIB
No preference for U.S. investors: IBRA
No preference for U.S. investors: IBRA JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) dismissed on Tuesday allegations that the agency prefers investors from a certain country for buying assets under its management, saying it would always give the first option to local investors. "We will give top priority to local investors if domestic and foreign bidders offer the same prices," IBRA spokesman Franklin Richard said.
Wed, 03 Nov 1999, 00:00 WIB
PSSI to issue guidelines on player transfers, terms
PSSI to issue guidelines on player transfers, terms JAKARTA (JP): The Indonesian Soccer Association (PSSI) will issue guidelines on players' working terms and their transfer between clubs across provinces. The PSSI official in charge of competition and tournaments, Ismet Djalis Tahir, said on Tuesday the guidelines would be endorsed after the association completed its preparations for the upcoming Indonesian Soccer League (Ligina).
Wed, 03 Nov 1999, 00:00 WIB
Home appliance scam uncovered by police
Home appliance scam uncovered by police JAKARTA (JP): City police detectives arrested three men in different raids last week for allegedly substituting non-Philips home appliances and reselling them as the authentic product, an officer said on Tuesday. Jakarta Police Detective chief Col. Alex Bambang Riatmodjo said the suspects, identified as Hadi P., A Fong and Tan Sun Fa, had first bought cheaper products, such as the Toyosaki brand, before changing the brands into the world famous one.
Wed, 03 Nov 1999, 00:00 WIB
Riau students run amok
Riau students run amok PEKANBARU, Riau: Two massage parlors were burned down and several entertainment buildings vandalized by some 400 university students on Tuesday after they demonstrated for the closure of nightspots which allegedly tolerated prostitution, gambling and drug use on their premises. The students started the protest outside City Hall on Jl. Diponegoro to demand National Police chief Gen.
Wed, 03 Nov 1999, 00:00 WIB
Indonesia's foreign policy principles maintained
Indonesia's foreign policy principles maintained JAKARTA (JP): After officially taking over the reins of the foreign ministry on Tuesday, Alwi Shihab stressed his determination to maintain Indonesia's principles in its foreign policy, including maintaining a strong focus on regional issues.
Wed, 03 Nov 1999, 00:00 WIB
Budget restraints
Budget restraints The decision by the House of Representatives on Tuesday to release the PricewaterhouseCoopers full audit on Bank Bali will pave the way for the resumption of US$4.7 billion in international aid held up since September, thereby securing state budget revenues for the second half of the 1999/2000 fiscal year ending in March.
Wed, 03 Nov 1999, 00:00 WIB
Will President Abdurrahman Wahid remain a democrat?
Will President Abdurrahman Wahid remain a democrat? George Aditjondro Ph.D who is well-known for his research on the wealth of Soeharto and Habibie, talked to The Jakarta Post recently in Singapore on numerous issues, including the current political changes taking place in Indonesia.
Wed, 03 Nov 1999, 00:00 WIB
Minister or Ministry?
Minister or Ministry? The new government recently decided that two ministries, the Ministry of Information and Ministry of Social Affairs, were to be closed down, reportedly leaving about 78,000 employees in confusion of what life is going to be like in the days to come.
Wed, 03 Nov 1999, 00:00 WIB
Habibie's ex-adjutant new city garrison chief of staff
Habibie's ex-adjutant new city garrison chief of staff JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman installed on Tuesday former president B.J. Habibie's adjutant Col. Hasanuddin as the new chief of staff of the Jakarta Garrison. Hasanuddin replaced Brig. Gen. Albert Inkiriwang, a 1972 graduate of the National Military Academy, in a modest handover ceremony at the garrison headquarters in Gambir subdistrict, Central Jakarta.
Wed, 03 Nov 1999, 00:00 WIB
Unity is strength
Unity is strength Democracy has now found its place in Indonesia. Democracy offers a favorable atmosphere for the development of human personality. While referring to democracy, a humane incident which I read about a long time ago comes to mind. An American soldier was riding on a bus to Sweden. He told the man sitting next to him that America was the most democratic country in the world and that ordinary citizens could go to the White House to discuss things with the president.
Wed, 03 Nov 1999, 00:00 WIB
NU to criticize Gus Dur if he steps out of line
NU to criticize Gus Dur if he steps out of line SEMARANG (JP): Nahdlatul Ulama (NU) vowed to be critical if need be toward President Abdurrahman Wahid's government, chief of NU's Central Java chapter Achmad said on Tuesday. Speaking in the lead-up to the NU congress later this month, Achmad said the country's largest Muslim organization would not hesitate to criticize or warn Abdurrahman, popularly known as Gus Dur, for faulty policies. "NU must play a role appropriate to national interests.
Wed, 03 Nov 1999, 00:00 WIB
City administration queried over fuel tax
City administration queried over fuel tax JAKARTA (JP): A councilor demanded on Tuesday the city administration quickly give a clear explanation why it has been unable to reach the target of Rp 36 billion (US$5.37 million) from fuel tax collections in the 1998/1999 fiscal year.
Wed, 03 Nov 1999, 00:00 WIB
Conversion Rates
Conversion Rates Bank Indonesia's conversion rates on Oct. 02, 1999: Bank notes rates Buying Selling Rp Rp U.S.
Wed, 03 Nov 1999, 00:00 WIB
Where to go in Surabaya:
Where to go in Surabaya: Exhibition * Ancient Money Exhibition: Uang Nusantara Milenium 2, at The Westin Surabaya, Jl. Embong Malang 85-89 (Phone: 031 5458888), until Nov. 5. Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - Lobby: Gamelan (Traditional Music), Monday to Thursday, 7 p.m. to 10 p.m., Solo Pianist, Monday to Sunday, 7 a.m. to 9 a.m., Friday to Saturday, 7 p.m. to 9 p.m.
Wed, 03 Nov 1999, 00:00 WIB
Citigroup to buy Diners Club
Citigroup to buy Diners Club TOKYO (DPA): Japan's Fuji Bank and Japan Travel Bureau Incorporation (JTB) said Tuesday they have agreed to sell their share-holdings in Japanese credit card company Diners Club of Japan Incorporation to Citigroup Incorporation of the United States. Fuji Bank and its affiliates currently own 60 per cent of Diners Club of Japan. The remaining 40 per cent is owned by JTB.
Wed, 03 Nov 1999, 00:00 WIB
KL's palm oil prices down
KL's palm oil prices down KUALA LUMPUR (Reuters): Malaysian palm oil prices ended lower on Tuesday extending overnight falls on bearish sentiment and lack of supportive news. Technical selling also contributed to the fall. European vegetable oil traders said on Monday that they were starting to resolve the problems of contaminated crude palm oil (CPO). This also dampen sentiment.
Wed, 03 Nov 1999, 00:00 WIB
Government allays fears of power, fuel price hikes
Government allays fears of power, fuel price hikes JAKARTA (JP): Minister of Mines and Energy Susilo Bambang Yudhoyono allayed on Tuesday any fears of an imminent price hike for electricity and fuel. "The government is not considering or has not planned to raise power and fuel prices," Yudhoyono said prior to a meeting of the economic, finance and industry ministers.
Wed, 03 Nov 1999, 00:00 WIB
Gus Dur's new Asian paradigm
Gus Dur's new Asian paradigm By Nova Poerwadi JAKARTA (JP): Before he was elected President, Abdurrahman Wahid, popularly known as Gus Dur, promised to make Asia (and by extension, the Middle East) the focus of Indonesia's new foreign policy. Now that the charismatic Muslim figure has become leader of the 210 million-strong nation, President Wahid seems intent on making good his promise by writing off Western countries from his immediate travel plans and putting Beijing at the top of his agenda.
Wed, 03 Nov 1999, 00:00 WIB
Economic optimism leads to rebuilding of stores, markets
Economic optimism leads to rebuilding of stores, markets JAKARTA (JP): Almost 95 percent of destroyed retail business buildings in the city have been rebuilt following increasing optimism on the part of businessmen's attitudes toward economic recovery, a business association executive said on Tuesday.
Wed, 03 Nov 1999, 00:00 WIB
Witnesses questioned over soldiers' attack on market
Witnesses questioned over soldiers' attack on market JAKARTA (JP): Interrogators from the Jakarta Military Police have started questioning 10 witnesses on an attack on Sunday by some 40 soldiers at the Senen Market in Central Jakarta, a senior official said on Tuesday. Col. Mungkono Mursidi, the commander of the City Military Police, said the 10 witnesses, all civilians, consisted of five victims, four spectators and a market security guard.
Wed, 03 Nov 1999, 00:00 WIB
The President's initial moves
The President's initial moves A few days after his election as the fourth President, even before his Cabinet was formed, Abdurrahman Wahid made some surprising diplomatic moves. First was his plan to visit ASEAN countries, Japan and the People's Republic of China. Second was his sensational political breakthrough to open trade relations with Israel.
Wed, 03 Nov 1999, 00:00 WIB
PASI awards Rp 197.25m in cash bonuses
PASI awards Rp 197.25m in cash bonuses JAKARTA (JP): The Indonesian Amateur Athletics Association (PASI) handed over Rp 197.25 million (US$29,200) in cash bonuses to the 1999 Southeast Asian (SEA) Games' medalists and coaches in a modest ceremony at the Senayan Madya Stadium on Tuesday. PASI Head of Provincial Development Kunarto represented the associations's chairman Muhammad Bob Hasan in the handover ceremony. Indonesia managed to only win five golds, 11 silvers and three bronze medals.
Wed, 03 Nov 1999, 00:00 WIB
161 passengers presumed dead
161 passengers presumed dead MERAUKE, Irian Jaya: After an extensive two-week search, officials said on Tuesday the remaining 161 passengers of a ship which sank on Oct. 18 were missing and presumed dead. Bimas Raya II was carrying a total 436 passengers and 28 crew. The head of the rescue team, Bambang Riswanto, said there were 75 survivors. He said the team discovered 200 bodies near the coast of Komolon beach and Kumbis beach or around the site of the accident.
Wed, 03 Nov 1999, 00:00 WIB
President to hold his Cabinet's first session
President to hold his Cabinet's first session JAKARTA (JP): President Abdurrahman Wahid is scheduled to preside over his first plenary Cabinet meeting on Wednesday morning at Bina Graha presidential office, Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said. Speaking after meeting with Abdurrahman at the State Guest House, Kwik said the Cabinet would discuss several major subjects, including the formation of the National Economic Council.
Wed, 03 Nov 1999, 00:00 WIB
Closed VCD rentals back in business
Closed VCD rentals back in business PURWOKERTO, Central Java: The controversial closure of the information ministry has been a boon to Video Compact Disc (VCD) rentals in Banyumas regency previously closed by the ministry. New VCD rental stores are also proliferating because the owners no longer have to obtain a permit from the ministry's office. Banyumas Police chief Lt. Col. Jhony H. Hutauruk told The Jakarta Post on Tuesday he was confused about his next course of action.
Wed, 03 Nov 1999, 00:00 WIB
BI expects 1999 GDP maximum at zero percent
BI expects 1999 GDP maximum at zero percent JAKARTA (JP): Bank Indonesia reiterated on Monday its earlier forecast that Indonesia's economic growth this year would be between minus one and zero percent. "The board of governors are of the opinion that the overall 1999 real gross domestic product (growth) is still slow at between one and zero percent," the central bank said in a press statement following its monthly board of governors meeting.
Wed, 03 Nov 1999, 00:00 WIB
Advertisement spending up
Advertisement spending up HONG KONG (Dow Jones): After a terrible 1998, advertisers are starting to spend more in Asia, even in such unlikely places as riot-plagued Indonesia. Advertisement spending in Asia, excluding Japan, is growing faster than in Europe and the U.S. and - at US$22 billion this year - should exceed 1996, the year before Asian economies crashed, according to a new study by ACNielsen Corp. (ART).
Wed, 03 Nov 1999, 00:00 WIB
Foreign water firms look for new local partners
Foreign water firms look for new local partners JAKARTA (JP): Foreign water management firms PT Thames Pam Jaya (TPJ) and PT Pam Lyonnaise Jaya (Palyja) are seeking new local partners, executives of the firms said on Tuesday. Executives of TPJ, a subsidiary of British firm Thames Water International, and Palyja, a subsidiary of French firm Suez Lyonnaise des Eaux, revealed their search for new partners during a hearing with the City Council.
Wed, 03 Nov 1999, 00:00 WIB
East Timor is safe for refugees, say foreign diplomats
East Timor is safe for refugees, say foreign diplomats JAKARTA (JP): Three foreign envoys who visited East Nusa Tenggara on Tuesday assured the 230,000 East Timorese refugees there the former Indonesian province was secure enough for them to return to their homes.
Wed, 03 Nov 1999, 00:00 WIB
Mob burns church in Depok
Mob burns church in Depok JAKARTA (JP): A throng of some 400 unidentified men burned a church in Beji, Depok, south of Jakarta in the early hours of Tuesday, a police report revealed. The mob, armed with sharp weapons, set fire to the Western Indonesia Protestant Church (GPIB) of the Shalom congregation at about 3 a.m. using Molotov cocktails, the report said. The police report also stated that the attackers claimed themselves as members of the Islamic Defenders Front (FPI).
Wed, 03 Nov 1999, 00:00 WIB
Court rejects suit challenging decision to drop Soeharto case
Court rejects suit challenging decision to drop Soeharto case JAKARTA (JP): The Central Jakarta District Court rejected on Tuesday a lawsuit filed by a group of 61 North Sumatra lawyers challenging the validity of an Oct. 11 decree from the Attorney General's Office. The decree put an end to a year-long investigation into alleged corruption practices of former president Soeharto.
Wed, 03 Nov 1999, 00:00 WIB
Japan's envoy to visit RI
Japan's envoy to visit RI TOKYO (AFP): Japan's government Tuesday sent a vice finance minister to Indonesia for talks with new government leaders there, a finance ministry official said. Haruhiko Kuroda, vice finance minister for international affairs, left Tokyo Tuesday "to meet leaders in the new government," the official said, without naming Indonesian officials who would meet Kuroda. "When he will be back (to Japan) is kept open but may be Thursday or Friday," the official said.
Wed, 03 Nov 1999, 00:00 WIB
Intraco to sell subsidiary
Intraco to sell subsidiary SINGAPORE (Dow Jones): Intraco Ltd. of Singapore said Tuesday its unit, Intra-Motors (S) Pte. Ltd., has agreed to sell its car rental and leasing business for S$33.2 million (US$19.9 million) to Trac Leasing (S) Pte. Ltd. Intra-Motors operates the "Thrifty" master franchise in Singapore, Taiwan, Vietnam, Myanmar, Thailand, Brunei and Indonesia. Thrifty USA still has to approve the transfer of the franchise to Trac Leasing., the company said in a statement.
Wed, 03 Nov 1999, 00:00 WIB
Benefits of tax holidays questioned
Benefits of tax holidays questioned JAKARTA (JP): Indonesia must gradually phase out tax holidays to attract foreign investors who desire a clear, uniform and consistent tax system, an executive of KPMG consultancy company said on Tuesday. Incentives in the form of tax holidays can be counterproductive to Indonesia's economic goals, Harvey Galper, the managing director of KPMG's Barents Group, said at a seminar on the costs and benefits of tax incentives.
Wed, 03 Nov 1999, 00:00 WIB
11 million C. Java kids malnourished
11 million C. Java kids malnourished SEMARANG: About 11 million children, mostly under-fives, are suffering from malnutrition in Central Java, provincial legislator Abdul Kadir Karding said on Tuesday. "You can find malnourished children in almost all the regencies here such as Cilacap, Demak, Grobogan, Wonogiri, Tegal, Pemalang, Pekalongan and Blora," Abdul said. "We have to admit that our province has been hit by cases of severe malnutrition.
Wed, 03 Nov 1999, 00:00 WIB
Women's groups meet Gus Dur and Megawati
Women's groups meet Gus Dur and Megawati JAKARTA (JP): A group of woman activists urged the new government on Tuesday to take human rights abuses against women and children more seriously. In a meeting with President Abdurrahman Wahid and Vice President Megawati Soekarnoputri at the State Guest House, representatives of 25 women's organizations stressed the issue and insisted the government act on unresolved findings of rights violations which victimized women and children in the past.
Wed, 03 Nov 1999, 00:00 WIB
Makassar students seek meeting with Amien, Akbar
Makassar students seek meeting with Amien, Akbar MAKASSAR, South Sulawesi (JP): The provincial legislature here invited on Tuesday People's Consultative Assembly Speaker (MPR) Amien Rais and House of Representatives (DPR) Speaker Akbar Tandjung for a dialog with students. The invitation was conveyed at the request of students, who have been rallying for the past two weeks for an independent state in Sulawesi.
Wed, 03 Nov 1999, 00:00 WIB
Ministers to hold talks in S'pore
Ministers to hold talks in S'pore SINGAPORE (AFP): Southeast Asian law ministers are to meet here this weekend to lay the framework for greater legal cooperation, the Singapore law ministry said on Tuesday. The ministers will discuss specific proposals, including the establishment of procedures to exchange legal information as well as to exchange visits and attachments for law officials and the government law directory.
Wed, 03 Nov 1999, 00:00 WIB
Rupiah unmoved by release of full Bank Bali audit
Rupiah unmoved by release of full Bank Bali audit JAKARTA (JP): The House of Representatives' release of the full audit of transactions in the Bank Bali scandal failed to boost the rupiah against the U.S. dollar on Tuesday. Although long awaited because it is expected to prompt the resumption of international loans to the country, the move exerted almost no impact on the rupiah. It closed at 6,730 against the greenback from 6,750 on Monday.