Indonesian Political, Business & Finance News

Archive: 9 November 1999

52 articles found

Service to one religion only?

Service to one religion only?From RepublikaPresident Abdurrahman Wahid (or Gus Dur) in his dialog with figures of the Hindu religion in Denpasar on Oct. 24, 1999 said that the ministry of religious affairs had been made a place where some people sought power and others sold religious services and...

Strengthening IBRA

Strengthening IBRA The government demonstrated its full understanding of the economic problems facing this country when it acted quickly and firmly last week to dispel rumors surrounding an impending replacement of Glenn Yusuf, the chairman of the Indonesian Bank Restructuring Agency (IBRA).

Character building to fight drug abuse

Character building to fight drug abuse YOGYAKARTA: Minister of National Education Yahya Muhaimin said here on Monday that a character building campaign would be launched among students in a bid to prevent drug abuse in their age group.

Light shed on controversial cases

Light shed on controversial cases JAKARTA (JP): National Police forensics laboratory (Puslabfor) revealed in an unprecedented move on Monday portions of the truth in connection with at least two nationally controversial and undisclosed cases.Chief Brig. Gen. Suwahyu and deputy chief Col.

Allianz targets Asia

Allianz targets Asia SINGAPORE (DPA): The German insurance giant Allianz, after recently taking over the U.S. asset manager Pimco, plans to expand on the Asian market, the company announced Monday.Europe's largest insurer said it will focus on both internal growth and more corporate takeovers.

Acehnese clamor for referendum

Acehnese clamor for referendum BANDA ACEH, Aceh (JP): More than one million people took part in a mass rally in Banda Aceh on Monday, sending the loudest and clearest message to date to Jakarta of their demand for a referendum on self-determination for the province.

Arthur Andersen to fix Bank Bali recapitalization cost

Arthur Andersen to fix Bank Bali recapitalization cost JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will stick with the financial audit result of Arthur Andersen in deciding the final recapitalization cost of Bank Bali, according to agency public relations official Franklin Richard.

KL to resume taking workers

KL to resume taking workers DHAKA (Reuters): Malaysia is expected to resume taking in Bangladeshi workers next month after restricting foreign workers for nearly two years because of its economic crisis, Bangladesh's labor minister said on Monday.

Malaysia to accept Bangladesh workers

Malaysia to accept Bangladesh workers DHAKA (Reuters): Malaysia is expected to resume taking in Bangladeshi workers next month after restricting foreign workers for nearly two years because of its economic crisis, Bangladesh's labor minister said on Monday.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Nov. 08, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,821.00 6,889.00Australian dollar 1 4,366.80 4,413.78Austrian schilling 1 517.66 523.07Belgian franc 1 176.58 178.42Brunei dollar 1 4,077.11 4,121.45Canadian dollar 1 4,643.

Deadline set for reassigning closed ministries' staff

Deadline set for reassigning closed ministries' staff JAKARTA (JP): The government has set a deadline to transfer employees of the defunct ministries of social services and information to related state institutions before the Idul Fitri holiday on Jan. 8 next year, an official said on Monday.

Please give my funds and car's papers

Please give my funds and car's papers As a customer of Bank Bahari (Tomang Tol branch), a liquidated bank, I have been waiting too long to withdraw my funds and collateral from the bank because I was registered as a recipient of the Plafond Rekening Koran, a facility for small businesspeople.

IBRA to reshuffle PT Chandra Asri

IBRA to reshuffle PT Chandra Asri JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will reshuffle the key management of the country's largest petrochemical operation, PT Chandra Asri, in a bid to help accelerate the company's debt restructuring process, according to IBRA deputy...

Two jailed for teenage girl's murder

Two jailed for teenage girl's murder JAKARTA (JP): Judges at West Jakarta District Court sentenced Blackzhom Apua Walela and Ikhsan Mulyono on Monday to 42 and 36 months in jail respectively for the premeditated murder of female high school student, Heppy Trinita.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 08, 1999: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 550 0 94,500 AHAP Insurance 550 0 0 Alakasa Industrindo 475 75 83,500 Alter Abadi 375 -25...

TV Program: Tuesday, Nov. 9, 1999

TV Program: Tuesday, Nov. 9, 1999TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 9:00 Music 10:30 Interval 2:00 p.m. News 2:30 TV Series: Amazing 3:00 Music 4:00 Regional News 4:30 Management Program 5:00 Documentary 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening...

Adaro 'best coal company'

Adaro 'best coal company' JAKARTA (JP): Coal mining company PT Adaro Indonesia in South Kalimantan was named on Monday the "Best Coal Company in 1999" at the prestigious Financial Times Energy Awards in New York.

Komodo dragon lures tourists, conservation

Komodo dragon lures tourists, conservationBy James Astill KOMODO ISLAND, East Nusa Tenggara (JP): The Komodo dragon, a 3 meter-long, occasionally man-eating lizard seems an unlikely savior of coral reefs.

Wie Wie wins final national drag race

Wie Wie wins final national drag race JAKARTA (JP): Local driver Wie Wie Rianto from the Jakarta Firna Racing Team won the fifth and final national drag race at the Sentul circuit, near Bogor, on Sunday.

HKTI backs 25% hike in rice price

HKTI backs 25% hike in rice price YOGYAKARTA (JP): The Association of Indonesian Farmers (HKTI) urged the government on Monday to increase the price of rice by at least 25 percent from about Rp 2,400 per kilogram.

Amex launches first credit card in RI

Amex launches first credit card in RI JAKARTA (JP): American Express (Amex) launched its first credit card on Monday amid signs of recovery in the country's economy.The vice president and country manager of Travel Related Services (TRS) in Indonesia, Atul Mathur, said the Account Linked Blue Credit...

Kediri gears up for NU congress

Kediri gears up for NU congress KEDIRI, East Java (JP): When the town was selected to host the congress of Nahdlatul Ulama (NU) five years ago, few people, including residents of Kediri, expected this to be a different gathering from the ones the organization had held in the past.

Caltex has new president

Caltex has new president JAKARTA (JP): PT Caltex Pacific Indonesia, a joint venture between American oil and gas companies Chevron Corp. and Texaco Inc., has appointed Humayunbosha new president, replacing Baihaki H. Hakim effective from Jan. 1, 2000.

Gus Dur says trip to Cambodia a visit to ancestral homeland

Gus Dur says trip to Cambodia a visit to ancestral homelandBy Kornelius Purba PHNOM PENH, Cambodia (JP): President Abdurrahman Wahid arrived here on Monday afternoon for a devotional visit to his ancestral homeland.

More RP troops set for E. Timor

More RP troops set for E. Timor MANILA (AFP): A third batch of Philippine troops is to leave for East Timor on Tuesday to join the international peacekeeping force, armed forces chief Gen. Angelo Reyes said on Monday.

Mahathir likely to shift electoral sights to 2000

Mahathir likely to shift electoral sights to 2000By Nelson Graves KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad looks increasingly reluctant to go to the polls this year as he tries to build political momentum after a year of unprecedented turmoil.

City's oil revenues to be in the millions of dollars: councilor

City's oil revenues to be in the millions of dollars: councilor JAKARTA (JP): City administration is expecting an annual revenue of US$27.5 million from at least 11 oil platforms located off Pulau Seribu (Thousand Islands), North Jakarta, a councilor said on Monday.

Jakarta, Canberra relations can and must be rebuilt

Jakarta, Canberra relations can and must be rebuilt This is the second of two articles based on remarks by former ambassador S. Wiryono at a gathering organized by the Indonesia- Australia Business Council in Jakarta on Nov. 2, 1999.

'No' vote reveals Australia's isolation

'No' vote reveals Australia's isolationBy Trevor Datson CANBERRA (Reuters): Far from emerging as a new force on the Asian political scene, Australia appears to have underlined its isolation in the region with a popular vote to retain Britain's Queen Elizabeth as sovereign.

Autonomy advocated to ease federalist calls

Autonomy advocated to ease federalist calls JAKARTA (JP): The establishment of a law which provides each province with wide-ranging autonomy would give the government an ideal start in easing demands for a federal state, former rebel group leader Ventje Sumual suggested on Monday.

Hendrawan picks Asian Cup to build waning confidence

Hendrawan picks Asian Cup to build waning confidence JAKARTA (JP): Indonesia's men's singles shuttler Hendrawan is aiming to rebuild his motivation and confidence in the upcoming JVC Asia Cup in Ho Chi Minh City this week.

Time to face up to changing times

Time to face up to changing timesBy J. Soedjati Djiwandono Calls for separatism from the Republic are now no longer limited to Aceh and Irian Jaya. Political analyst J. Soedjati Djiwandono shares his reflection on the once taboo subject.

Contradictory hypothesis

Contradictory hypothesis It is interesting to note the self contradictory hypothesis purported by Mr. Gottfried Roelcke (The Jakarta Post, Nov. 5, 1999, Has the MPR failed the people?). There he theorized that had the people been given the direct choice between Megawati Soekarnoputri and...

Alert sounded in dumping of hazardous waste in RI

Alert sounded in dumping of hazardous waste in RI JAKARTA (JP): The Agency for Environment Control (Bappedal) warned on Monday of hazardous waste imported from Singapore and Taiwan.Recent research conducted by the agency on samples of waste from the mass rapid transportation construction project in...

Islanders harbor deep respect for Komodo dragon and nature

Islanders harbor deep respect for Komodo dragon and nature KOMODO ISLANDS, East Nusa Tenggara (JP): The Komodo dragon was first protected by order of the Sultan of Bima in 1915. But the monitor lizard's remarkable survival in a small patch of eastern Indonesia may owe more to its mystical folklore.

Beautiful, rugged Banten beckons to adventurers

Beautiful, rugged Banten beckons to adventurers Banten has survived much tumult during its long history. Perched on the westernmost tip of Java, the area continues to display the vestiges of its rich cultural and historical greatness.

Govt urged to use peaceful approach in handling Aceh

Govt urged to use peaceful approach in handling Aceh JAKARTA (JP): The House of Representatives called on the government on Monday to take immediate and concrete action to cope with conflicts in Aceh peacefully.

November sales of cell phones

November sales of cell phones On behalf of PT Alcatel Indonesia, we thank you for coming to the launch of "Alcatel One Touch Easy db mobile phone" on Nov. 3, 1999 at the Fashion Cafe. We thank you also for the coverage of that event.

Govt mulls basing budget on calender year

Govt mulls basing budget on calender year JAKARTA (JP): Finance Minister Bambang Sudibyo said on Monday the government was considering changing the current fiscal year budget to one based on the calender year.

Govt acts to prevent CPO contamination

Govt acts to prevent CPO contamination JAKARTA (JP): Cleaning is under way at the North Sumatra port of Belawan for Deli Tama Indonesia storage tanks, which have been blamed for the diesel-oil contamination of 19,000 metric tons of crude palm oil exported to Rotterdam Port last month.

Three killed in landslide

Three killed in landslide DENPASAR, Bali: Three construction workers were killed on Sunday when a landslide hit the Garuda Wisnu Kencana statue megaproject in Ungasan valley in Jimbaran, 15 kilometers south of here.

Old couple robbed by armed men

Old couple robbed by armed men JAKARTA (JP): Four men armed with pistols and sickles stole Rp 60 million (US$9,000) from an elderly couple in Petojo Selatan, Central Jakarta, in the early hours of Monday morning.

Wooing capital back

Wooing capital back There is obviously a need for Indonesia and Singapore to cooperate. Aside from the fact that for the smooth flow of trade we are to a considerable degree dependent on Singapore, there is the reality that many of our billionaires are keeping their money in Singapore.

PKB names new deputy for House

PKB names new deputy for House JAKARTA (JP): The National Awakening Party (PKB) secretary- general Muhaimin Iskandar was installed on Monday as deputy chairman of the House of Representatives (DPR) replacing Khofifah Indar Parawansa, following the latter's appointment to the Cabinet.

Police raid nets 500 porn videos

Police raid nets 500 porn videos JAKARTA (JP): Central Jakarta police seized around 500 pornographic video compact discs from street vendors in a raid at Atrium Plaza, Senen on Monday.Chief of the precinct's police detectives Maj.

Govt, KPC reach agreement on share prices

Govt, KPC reach agreement on share prices JAKARTA (JP): After months of negotiation, the Ministry of Mines and Energy has reached an agreement with the country's largest coal mining company, PT Kaltim Prima Coal, on the most crucial issue of the company's divestment program: the price of shares.

PSIS barred from hosting matches

PSIS barred from hosting matches JAKARTA (JP): Semarang-based PSIS is banned from hosting two matches at the Jatidiri stadium in the sixth Indonesian Soccer League (Ligina) following the riots which occurred during the league's opening on Sunday.

Court postpones bankruptcy case

Court postpones bankruptcy case JAKARTA (JP): The Jakarta Commercial Court has postponed on the bankruptcy proceedings against publicly listed poultry company PT Anwar Sierad after its creditors approved its tentative debt restructuring proposal.

Kalla expects strong growth next year

Kalla expects strong growth next year MAKASSAR, South Sulawesi (JP): The newly appointed Minister of Trade and Industry Jusuf Kalla, said he was upbeat that Indonesian's economy would be more stable next year.

LG expands TV production

LG expands TV production JAKARTA (JP): PT LG Electronics Indonesia president In Ki Kim said on Monday that his company invested US$4 million this year to expand its television set and refrigerator production capacity.

Telkom, Agis tie up

Telkom, Agis tie up JAKARTA (JP): Listed state-owned telecommunications operator PT Telkom Indonesia signed a cooperation contract on Monday with publicly listed electronics distributor PT Artha Graha Investama Sentral (Agis) to provide the latter with electronic commerce service.Telkom president A.

Orphans do their bit for refugees

Orphans do their bit for refugees JAKARTA (JP): Jakarta orphans, grouped under the Indonesian Orphanages Agency (Bakorpin), sent 10 tons of food aid on Monday to an East Timorese refugee camp in Kupang, Nusa Tenggara.