Indonesian Political, Business & Finance News

Archive: 5 November 1999

52 articles found

Sailors missing after ship sinks

Sailors missing after ship sinks SINGAPORE (AP): Divers were searching for two Dutch and three Filipino seafarers missing after their ship capsized in Indonesian waters two days earlier, the vessel's owners said on Thursday.

Government vows thorough resolution of bank scandal

Government vows thorough resolution of bank scandal JAKARTA (JP): The government is determined to thoroughly resolve the Bank Bali scandal, including taking legal action against wrongdoers as demanded by the International Monetary Fund (IMF), according to Coordinating Minister for Economy, Finance...

Most Asian monies fall against US dollar

Most Asian monies fall against US dollar HONG KONG (Dow Jones): The won surged to its highest level in over two months Thursday after the South Korean government announced an extensive package of measures aimed at stabilizing the country's shaky financial markets.

Abolishment of fiscal

Abolishment of fiscal In view of the present development of Indonesia's economy, as a small-scale exporter, I often feel that the government does not take into account the opinions of small-scale businesspeople.

Plan to dissolve BPN protested

Plan to dissolve BPN protested YOGYAKARTA: Some 800 students from the National Land School here staged a protest on Thursday to voice their opposition to suggestions to dissolve the National Land Agency (BPN).

Travel ban against Sofyan lifted

Travel ban against Sofyan lifted JAKARTA (JP): The foreign travel ban against Sofyan Wanandi was officially lifted here on Thursday after the Attorney General's Office received guarantees from his lawyers and the businessman himself.

KL palm oil up, RI a concern

KL palm oil up, RI a concern KUALA LUMPUR (Reuters): Malaysian palm oil prices rebounded on short-covering to end slightly higher on Thursday.Concern over Indonesian crude palm oil contamination held prices in a tight range as players awaited further developments, traders said.

The Aceh peace agenda

The Aceh peace agenda If anyone in Jakarta at present can be regarded as having the right qualifications to resolve the decades-old Aceh problem once and for all, it must be President Abdurrahman Wahid -- or Gus Dur, by which he has long been known to his followers and admirers, and his preferred...

Manila, KL agree code of conduct

Manila, KL agree code of conduct MANILA (AFP): The foreign ministers of Malaysia and the Philippines agreed on Thursday on the need for a code of conduct for the disputed Spratly islands and said they were hopeful of a deal at this month's ASEAN summit.

City Council endorses new bylaw on reserve funds

City Council endorses new bylaw on reserve funds JAKARTA (JP): The City Council endorsed on Thursday a new bylaw on the city's reserve funds amid councilors' anxiety over the poor performance of the city-owned Bank DKI, which has been entrusted to keep the funds.

No paper

No paper In observance of the Ascension Day of Prophet Muhammad, The Jakarta Post will not be published on Saturday. The Post will appear again on Sunday. -- Publisher

Gus Dur eagerly awaited in Singapore

Gus Dur eagerly awaited in Singapore JAKARTA (JP): Diplomats, ministers and businesspeople are scrambling for seats to a luncheon with President Abdurrahman Wahid during his visit to Singapore on Saturday, Indonesian ambassador to the city state Luhut Pandjaitan said here on Thursday.

Most local banks ready for millennium bug

Most local banks ready for millennium bug JAKARTA (JP): Most of the country's banks are ready to cope with the computer glitch in the new millennium, according to the latest assessment by the government-sponsored Y2K Task Force.

Financial institutions, banks must report forex deals: BI

Financial institutions, banks must report forex deals: BI JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution said on Thursday that banks and non-bank financial institutions in the country would have to report their foreign exchange transactions to the central bank starting next...

Two prisoners still on the run

Two prisoners still on the run JAKARTA (JP): One of three prisoners who managed to escape from the Sawah Besar Police subprecinct's cell rooms early Monday morning has been recaptured, police said on Thursday.

Thousands rally for Aceh referendum

Thousands rally for Aceh referendum JAKARTA (JP): Tens of thousands of people rallied peacefully in Sigli, Aceh, on Thursday demanding a referendum on self- determination for the province, a local police chief said.

Autonomous police 'will better serve public'

Autonomous police 'will better serve public' JAKARTA (JP): Observers praised on Wednesday city police chief Maj. Gen. Noegroho Djajoesman's proposal to require a minimum rank of colonel instead of lieutenant colonel for the city's five precinct chiefs.

Investors, donors still watching new economic team

Investors, donors still watching new economic team After the presentation of the complete audit of Bank Bali to the IMF, donors and investors are still cautiously watching the new ministers and their handling of corruption, economist Sri Adiningsih of the Yogyakarta-based Gadjah Mada University,...

U.S. Ambassador regrets IBRA 'misunderstanding'

U.S. Ambassador regrets IBRA 'misunderstanding' JAKARTA (JP): After meeting with Amien Rais here on Thursday United States Ambassador Robert S. Gelbard said there had been a misunderstanding over his suggestion to keep certain officials at the Indonesian Bank Restructuring Agency (IBRA).

Sutiyoso fires new salvo in war on drugs

Sutiyoso fires new salvo in war on drugs JAKARTA (JP): In the daunting campaign for a drug-free Jakarta, Governor Sutiyoso introduced a new plan on Thursday for meting out heavy punishment to drug dealers in the capital.

Income tax hike suggested to fund health services

Income tax hike suggested to fund health services JAKARTA (JP): Minister of Health Achmad Sujudi suggested on Thursday that income tax be raised by 3 percent to fund the community health services network (JKPM), which is expected to begin operating in six years time.

Garuda pledges business as usual over New Year

Garuda pledges business as usual over New Year JAKARTA (JP): National flag carrier Garuda Indonesia will continue regular operations over the New Year despite public fears about the Year 2000 (Y2K) bug, a senior executive of the airline said on Thursday.

Military announces sweeping reshuffle

Military announces sweeping reshuffle JAKARTA (JP): The Indonesian Military (TNI) unveiled a major reshuffle on Thursday morning following the official handover of the force's command from Gen. Wiranto to Adm. Widodo A.S.

Recollections from the 1999 MPR General Session

Recollections from the 1999 MPR General SessionBy Mochtar Buchori JAKARTA (JP): After the 1999 General Session of the People's Consultative Assembly (MPR) is over, and a new President and Vice President elected, how do I feel about the whole event?On the whole I feel relieved.

Reports of capital returning to Indonesia are overblown

Reports of capital returning to Indonesia are overblown SINGAPORE (Dow Jones): Reports are wildly exaggerated of massive capital flows from ethnic Indonesian Chinese returning to the country as the political situation there stabilizes, analysts said.

U.S. firm admits falsifying papers for arms sale to RI

U.S. firm admits falsifying papers for arms sale to RI NEWARK, New Jersey (AP): A U.S. company, barred from Defense Department work for selling military parts to Iran, now admits it falsified papers to sell unapproved engine parts to the Indonesian air force.U.S.

Police free alleged provocateur

Police free alleged provocateur DENPASAR, Bali: Nusa Dua Police released a man suspected of being one of the provocateurs behind the recent riots in Bali after hundreds of the suspect's supporters besieged the police station where he was being held on Wednesday.

WB finds cause for optimism in E. Timor review

WB finds cause for optimism in E. Timor review DILI, East Timor (AP): A World Bank fact-finding mission said Thursday it has found reasons to be optimistic about the recovery of battered East Timor."Our overall impression: it could be worse," said Klaus Rohland, director of the mission that is...

Bali upset by link to 'Baligate'

Bali upset by link to 'Baligate' JAKARTA (JP): "Don't call it Baligate," was the message from distraught Bali Governor Dewa Beratha on the common term used for the Bank Bali scandal.In a letter made available to the media on Thursday, Dewa said the euphemistic style being employed by many media...

Indosat ready for Y2K

Indosat ready for Y2K JAKARTA (JP): International telecommunications provider PT Indosat assured its customers that the company was in compliance with the Y2K computer bug and its services would continue uninterrupted at the turn of the century, Djoko Prayitno, the company's general manager, said...

TNI in the Cabinet

TNI in the CabinetFrom Rakyat MerdekaThe new Cabinet formed by President Abdurrahman Wahid is a national unity Cabinet involving all existing sociopolitical forces, comprising representatives of the New Order, the reform movement and the Indonesian Military (TNI).

KONI plans to hire foreign coaches

KONI plans to hire foreign coaches JAKARTA (JP): The National Sports Council (KONI) plans to hire foreign coaches in preparing its athletes for the 2001 Southeast Asian (SEA) Games in Kuala Lumpur.KONI deputy chairman Arie Sudewo said on Thursday that foreign coaches were badly needed in the short...

Where to go in Jakarta:

Where to go in Jakarta:Museums * Bayt Al-Qur'an Museum, at Taman Mini Indonesia Indah, Bambu Apus, East Jakarta (Phone: 8416466), Monday to Sunday, 9 a.m. to 4 p.m. * Adam Malik Museum, Jl. Diponegoro 29, Menteng, Central Jakarta (Phone: 337403), Tuesday to Saturday, 9 a.m. to 3 p.m., Sunday, 9 a.m.

Has the MPR failed the people?

Has the MPR failed the people? I am writing in response to Ms. Rahayu's article MPR fails to heed people's voice, of Nov. 2, 1999, and I consider her blanket accusation against the honorable members of the People's Consultative Assembly (MPR) utterly unfair and self-righteous, written exclusively...

Environmental awareness a step in right direction

Environmental awareness a step in right directionBy Hugh Attwater JAKARTA (JP): The people of Pager Jurang, a ceramic cottage industry village in Central Java, are more aware of the biodiversity surrounding them than two months ago.

Bogor students raid gambling den

Bogor students raid gambling den BOGOR (JP): Impatient with the city authorities' lack of action in curbing gambling in the city, some 80 students from three universities raided a gambling den on Jl. Siliwangi here on Tuesday night and confiscated at least Rp 700,000 in cash, plus various tokens...

Court-martials set to be put under Supreme Court

Court-martials set to be put under Supreme Court JAKARTA (JP): Preliminary steps have been taken to move court- martials from the jurisdiction of the Indonesian Military to the Supreme Court, Chief Justice Sarwata said here on Thursday.

Nahdlatul Ulama leadership race hots up

Nahdlatul Ulama leadership race hots up SEMARANG (JP): Nahdlatul Ulama (NU) leaders urged on Thursday that outgoing chief President Abdurrahman Wahid refrain from intervening at the upcoming congress to elect a new chairman later this month.

Angry mob assaults alleged murderer

Angry mob assaults alleged murderer BOGOR (JP): About 100 angry ojek (motorcycle taxi) drivers and residents in Babakan Madang village, Citeureup district, Bogor severely assaulted on Thursday an alleged murderer identified as a 30-year-old man Suhandi.

Special team established to explore marine resources

Special team established to explore marine resources JAKARTA (JP): Governor Sutiyoso said on Thursday that a special team would be established to explore the city's marine assets in accordance with the central government's commitment to boost the maritime industry.

More Europeans visit Bali

More Europeans visit Bali JAKARTA (JP): As many as 373,374 tourists from the European Union visited Bali in the January to September period, representing a 42.2 percent increase from the same period last year.

Taiwan hopes Indonesia maintains security

Taiwan hopes Indonesia maintains security JAKARTA (JP): Taiwanese businesspeople expressed hope on Thursday the new Indonesian government would bring fresh impetus for their investment in the country.The representative of the Taipei Economic and Trade Office, Lin Sui-Chi, said he hoped Indonesia...

Market firm defends contribution to budget

Market firm defends contribution to budget JAKARTA (JP): City-owned market operator firm PD Pasar Jaya defended on Tuesday its low contribution of Rp 1.7 billion (US$250,000) to the city's 1998/1999 revenue due to the fact it had to subsidize small and non-profitable markets under its supervision.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 04, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 525 50 43,500 AHAP Insurance 550 0 0 Alakasa Industrindo 400 75 62,000 Alter Abadi 350 0 0 Alumindo...

Akbar denies Golkar mixed up in bank scandal

Akbar denies Golkar mixed up in bank scandal JAKARTA (JP): Golkar Party chief Akbar Tandjung denied allegations on Thursday his party was involved in the Bank Bali scandal.He conceded the party received some Rp 15 billion (US$2.2 million) from businessman M.

Indonesian forensic experts say 'science never lies'

Indonesian forensic experts say 'science never lies'By Yogita Tahil Ramani JAKARTA (JP): Not all questions one asks can be answered in a lifetime, but science tries its best to provide factual answers. It is up to humans to decide on how these answers are interpreted and presented to the public.

Battling sharks and insomnia at the local movies

Battling sharks and insomnia at the local movies JAKARTA (JP): Here's the lineup of movies currently playing at your local cinema, with reviews and grades by Rayya Makarim and Tam Notosusanto.Deep Blue Sea.

Garden set stolen

Garden set stolen JAKARTA (JP): A set of cast-iron park benches and a table worth Rp 2.5 million (US$373) were stolen from the residence of the Ambassador of Yugoslavia in Menteng, Central Jakarta, on Wednesday night, police said on Thursday.

President defends outreach to Israel

President defends outreach to Israel JAKARTA (JP): President Abdurrahman Wahid dismissed opposition to his plan to open economic ties with Israel, saying it was in Indonesia's interest to do so.The President pointed out it was strange that Indonesia had relations with communist countries, like the...

Gus Dur slated to meet Clinton during U.S. visit

Gus Dur slated to meet Clinton during U.S. visit JAKARTA (JP): President Abdurrahman Wahid is scheduled to meet with United States President Bill Clinton next week as part of his eight-day overseas tour, which will include visits to eight member states of the Association of Southeast Asian Nations...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Nov. 04, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,831.00 6,899.00Australian dollar 1 4,385.50 4,432.61Austrian schilling 1 519.96 525.39Belgian franc 1 177.36 179.21Brunei dollar 1 4,086.26 4,129.41Canadian dollar 1 4,653.

No military command troops in Senen attack: Spokesman

No military command troops in Senen attack: Spokesman JAKARTA (JP): City military command spokesman Lt. Col. D.J. Nachrowi said on Thursday that six soldiers detained in the alleged attack at Senen Market in Central Jakarta last Sunday were not from the city military headquarters.