Indonesian Political, Business & Finance News

Archive: 1 December 1999

52 articles found

Ambon at standstill from days of unrest

Ambon at standstill from days of unrest AMBON, Maluku: The situation remained tense in the riot-torn city here on Tuesday as most activities were paralyzed after four consecutive days of communal clashes. Virtually no public transportation or private vehicles were on the roads, which were blockaded at many spots by groups of armed youths, Schools and businesses were temporarily closed. Pattimura Military District Commander Brig. Gen. Max Tamaela said that Indonesian Military Commander Adm.

Vision of E. Asia common market emerges

Vision of E. Asia common market emerges By Raju Gopalakrishnan MANILA (Reuters): East Asia's vision for a common market and unified currency is perhaps half a century away but a weekend summit which discussed the issue signals the potential emergence of a powerful new bloc, some analysts said on Monday.

DPR supports Texmaco loans from BNI

DPR supports Texmaco loans from BNI JAKARTA (JP): The House of Representatives (DPR) endorsed on Tuesday the almost US$1 billion in loans the publicly listed Texmaco Group obtained from state Bank BNI as normal business transactions.

10,000 students have tried drugs: Official

10,000 students have tried drugs: Official JAKARTA (JP): At least 10,000 junior and senior high school students in the city are believed to have experimented with drugs, particularly shabu-shabu (crystal methamphetamine), an official said on Tuesday. The number represents 0.5 percent of the city's total 1.8 million students at the 2,000 state and private high schools in Jakarta. "In each of the schools, there are between five and eight students who have reportedly used drugs.

Mob damages 50 houses in Kudus

Mob damages 50 houses in Kudus SEMARANG: A group of 40 people threw stones and vandalized 50 houses in Gondoharum village, Jekulo district, in Kudus Monday night. Kudus Police chief Lt. Col. Imam Wahyudi said on Tuesday there were no injuries in the incident. "The attackers were from neighboring Kaliwuluh village and were angry because a group of people mocked their village and called it underdeveloped," Imam said.

Probosutedjo, Soeharto on losing end in workers' suit

Probosutedjo, Soeharto on losing end in workers' suit JAKARTA (JP): A judge at the Central Jakarta District Court ruled on Tuesday that former president Soeharto and businessman Probosutedjo pay Rp 435 million (US$54,375) for unlawfully dismissing 80 handicapped workers from their jobs at a workshop in August last year.

World AIDS Day more than just spouting the message

World AIDS Day more than just spouting the message By Chris W. Green In conjunction with the World AIDS Day, which falls on December 1, attention is being drawn to escalating number of the AIDS victims worldwide and tireless efforts to arouse public's awareness on the deadly AIDS threat. The following articles are written to commemorate the World AIDS Day.

West Java dominates tae kwon do National C'ships

West Java dominates tae kwon do National C'ships JAKARTA (JP): West Java brought home the Vice President trophy after dominating the three-day first LG Cup national tae kwon do championships by bagging nine gold medals, three silver and three bronze. Central Java trailed behind in second place with only two gold, five silver and two bronze medals while Lampung came third with two golds, one silver and one bronze.

Discovery of bodies a clue to East Timor turmoil

Discovery of bodies a clue to East Timor turmoil Text and photos by IGGP Bayu Ismoyo BELU, East Nusa Tenggara (JP): At 3:00 a.m. on Thursday, Nov. 25, a team from the central board of the National Commission on Human Rights and an assistance team led by commission member H.S. Dillon, Maj. Gen. (ret.) Supardi and Munir, headed toward a location in East Nusa Tenggara province.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Music 2:00 p.m. News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Student's Quiz 5:30 TV Drama 6:00 Sports 6:30 TVRI News 7:00 Evening News 7:30 Music 9:00 World News 9:35 Talk Show 10:30 TV Series: Labyrinth 11:35 Late News Program 2 4:30 p.m. Children's Program 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.m.

Zarina dissmises lawyers over inattention

Zarina dissmises lawyers over inattention JAKARTA (JP): Unable to provide serious legal counsel and assistance in her latest case, drug trafficking suspect Zarina Mirafsur fired two of her lawyers -- Roy Rening and Pascalis Pieter -- on Monday. "The decision to sack Roy and Pascalis is definite. But, I still don't know who the replacements are. My father is looking for senior lawyers to replace them.

Utut breaks world simultant chess record

Utut breaks world simultant chess record JAKARTA (JP): Indonesian Grand Master Super Utut Adianto broke the world record playing a marathon 28.5-hour simultant chess game against 833 players in Surabaya, East Java. Utut broke the world record playing for two days, totaling 28.5 hours, non stop at Taman Surya in Surabaya on Sunday. He recorded 637 wins, 185 draws and 11 defeats. Utut's record outpassed Bojan Kurajica of Yugoslavia who played against 666 players.

Global changes hoped to reinforce Asian economies

Global changes hoped to reinforce Asian economies SYDNEY (Reuters): Structural changes to global financial services would reinforce the crisis-driven restructuring of East Asian economies, according to a report by the Australian department of foreign affairs and trade. "The countries of Asia are now embarking on the most far- reaching transformation of their financial systems since independence," said the report titled "Asia's Financial Markets, Capitalizing on Reforms" and released on Tuesday.

Where to go in Surabaya:

Where to go in Surabaya: Exhibition * Painting Exhibition, at the gallery of CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), Dec. 7-11. Performances * Concert: A Great Pops and Classics Concert, in the Balai Adika Ballroom of Hotel Majapahit - Mandarin Oriental Surabaya, at Jl. Tunjungan 65 (Phone: 031 5454333), 7 p.m., Dec. 2. * Theaters, at the auditorium of Petra University, 7 p.m.: Sang Pecinta, by Joko Bibit Santoso, Dec. 1. Keadilan, Dec. 3.

We need clarifications

We need clarifications The The Jakarta Post's editorial of Nov. 23, 1999, reports on the latest progress on the truth about East Timor and the urgency to question Gen. Wiranto on this matter. Since his ascent to the military's top job I have continuously regarded Wiranto with esteem. Imagine his three predecessors being put into Wiranto's shoes: They would probably not have succeeded so well. The way Wiranto stepped aside as a vice presidential candidate confirmed my earlier feelings.

Astra back in black

Astra back in black JAKARTA (JP): Publicly listed PT Astra International announced on Tuesday a net profit of Rp 330 billion (US$47.1 million) for the first nine months of the year, compared to Rp 1.84 trillion in losses in the corresponding period last year. The country's largest automaker attributed the improvement mainly to a significant increase in its automobile sales, which generated Rp 3.1 trillion in revenues in the third quarter, up 47 percent from Rp 2.1 trillion in the second quarter.

Harimurti takes over as new Atma Jaya rector

Harimurti takes over as new Atma Jaya rector JAKARTA (JP): Harimurti Kridalaksana, a professor in Indonesian linguistics and literature at the University of Indonesia, was inaugurated on Tuesday as the new rector of Atma Jaya University until 2003, replacing Thomas Suyatno. The inauguration ceremony at the Jl. Sudirman campus in South Jakarta was led by Djokopranoto, chairman of the Atma Jaya Foundation that runs the university.

Foreign investors urged to buy assets from IBRA

Foreign investors urged to buy assets from IBRA JAKARTA (JP): Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie encouraged foreign investors on Tuesday to be more active in acquiring assets currently managed by the Indonesian Bank Restructuring Agency (IBRA).

City reels from growing toll of student violence

City reels from growing toll of student violence JAKARTA (JP): Four high school students have died in three brawls and one accident in the past two days, leaving many city residents shocked by the bloody toll from student violence in the capital. A student was fatally injured on Monday after being struck by a Metromini public minibus when he attempted to stop the vehicle by standing in the middle of the street. Locals beat the driver of the bus to death.

Aceh enigma: Old sins with long shadows

Aceh enigma: Old sins with long shadows By Johannes Nugroho SURABAYA (JP): The saying "Old sins have long shadows" seems to be reverberating in the country's westernmost province Aceh, materializing in the mounting pressure for a self-determination referendum.

No KKN in the Cabinet

No KKN in the Cabinet From Suara Karya A report in Rakyat Merdeka daily of Nov. 14, 1999, is entitled Beware, don't let the palace be stained by those addicted to corruption, collusion and nepotism: Dispel the lackeys of B.J. Habibie!. In my opinion the statement in the title is logical and must always be borne in mind. No ministers should forget that in this present reform era there is a strong demand that the National Unity Cabinet be free from corruption, collusion and nepotism (KKN).

Where to go in Bandung:

Where to go in Bandung: * Painting Exhibition: Monologue, by I Made Arya Palguna, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578/2504229), Dec. 5 - 19. * Photo Exhibition by Lee Yanor, at Galeri Soemardja, Art and Design Faculty of ITB, Jl. Ganesha 10, 9 a.m. to 4 p.m., Dec. 3- 17. Peformances * Sundanese Traditional Drama: Ciung Wanara Ngadeg Raja, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 3 p.m., 8 p.m., Dec. 1-3.

Association calls on government to deregulate shipping industry

Association calls on government to deregulate shipping industry JAKARTA (JP): The country's shipowners urged the government on Tuesday to cut taxes and ease bureaucratic procedures in the shipping industry to help it convalesce from its financial turmoil. Firdaus Wadjdi, the chairman of the Indonesian National Shipowners Association (INSA), said local shipping companies were also hurt by the government's lack of support.

Australia promises E. Timor full benefits of Timor Gap oil treaty

Australia promises E. Timor full benefits of Timor Gap oil treaty SYDNEY (AFP): East Timor will receive all the royalties that would have gone to Indonesia under its 1989 Timor Gap oil exploration treaty with Australia, the Australian government pledged Tuesday. East Timorese leaders Monday cast doubt on the future of the treaty, declaring it to be an illegal agreement and saying they would not be a successor to Indonesia in such an arrangement.

Mob burns man to death

Mob burns man to death CILACAP, Central Java: A man identified as Saimun, 45, was burned to death by a mob who suspected he was a thief, in Bulusari village, Gandrungmangu district, early Sunday morning. Saimun is the fourth person to be deliberately burned to death in November in mob violence, Cilacap Police chief Lt. Col. Bambang Sudarisman said on Monday. "The alleged thief was Saimun's son, 20-year-old Basiman. He stole a television set from a house in neighboring Muktisari village.

Acehnese criticize generals' statements on troubled province

Acehnese criticize generals' statements on troubled province JAKARTA (JP): Acehnese reacted strongly to testimonies given by former top generals on Monday night at the House of Representatives, saying their accountability statements concerning alleged military atrocities in the province were inadequate and only served to aggravate the situation further.

Cathay upbeat on RI flights

Cathay upbeat on RI flights JAKARTA (JP): Cathay Pacific expressed optimism on Indonesia's recovery under the newly elected leaders and launched on Tuesday new uniforms and a new first class. Country manager James W. Ginns said that under the country's newly elected leaders, Indonesia had shown signs of economic recovery. "The company is optimistic that the improvement will favorably influence business," he said.

Bank Mandiri suffers Rp 6.81t net loss in two months

Bank Mandiri suffers Rp 6.81t net loss in two months JAKARTA (JP): Bank Mandiri reported on Tuesday a consolidated net loss of Rp 6.81 trillion during its first two months of operations from Aug. 1 until Sept. 30. The bank's president, Robby Djohan, said the bank's net interest loss resulting from a negative interest spread reached Rp 2.44 trillion while those due to foreign exchange losses totaled Rp 4.1 trillion.

Comic strips spread the word about AIDS threat

Comic strips spread the word about AIDS threat By Emma Cameron JAKARTA (JP): Sompret and Kampret are cool. They wear baggy jeans and slouch hats and have goatees. Because they are so cool they inject drugs and because they are friends, they share everything, including needles -- and HIV.

Bob Hasan reelected PASI chairman

Bob Hasan reelected PASI chairman JAKARTA (JP): Muhammad "Bob" Hasan was renamed chairman of the Indonesian Amateur Athletics Association (PASI) for his sixth term, which will end in 2004. Hasan, who has chaired the organization since 1978, was reelected unanimously during PASI's one-day national congress at Wisma Kalimanis in East Jakarta on Tuesday. The congress was attended by officials from the organization's 26 provincial chapters. "I thank the congress for unanimously electing me today.

Gus Dur to order the release of 18 Timorese prisoners

Gus Dur to order the release of 18 Timorese prisoners JAKARTA (JP): President Abdurrahman Wahid said on Tuesday that he would order next week the release of 18 East Timorese political prisoners still in Indonesian jails. He made the pledge at a meeting with East Timor independence leader Jose Alexandre "Xanana" Gusmao, who received a red carpet welcome befitting a head of state, at Merdeka Palace.

ATM cards safe over New Years

ATM cards safe over New Years JAKARTA (JP): Anxiety over the effects of the Y2K bug during the transitional period into the next millennium has prompted the banking sector, along with other industries reliant upon computers, to take action. Aware of the possibilities that electrical and telecommunication systems may go down during the period, Visa International reassured on Monday its credit cardholders. Visa International's country manager, Ellyana C.

Government plans to raise taxes paid by affluent

Government plans to raise taxes paid by affluent JAKARTA (JP): The government plans to raise income tax rates for large individual taxpayers in a bid to increase state revenues from the tax sector, a senior tax official said on Tuesday. Anshari Ritonga, the director general of tax at the Ministry of Finance, said the existing tax bracket, which sets income tax rates between 10 percent to 30 percent for individual taxpayers, only benefited the rich.

TNI blamed for East Timor killings

TNI blamed for East Timor killings JAKARTA (JP): A government-sanctioned inquiry said on Wednesday that the Indonesian Military (TNI) was directly or indirectly involved in extra-judicial executions in the ravaged territory of East Timor after the Aug. 30 self-determination ballot.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 30, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,200 50 396,500 AHAP Insurance 550 0 0 Alakasa Industrindo 700 0 0 Alter Abadi 425 0 150,500 Alumindo Light Metal 1,050 25 24,000 Aneka Kimia Raya 600 75 158,000 Aneka Tambang (Persero) 1,300 0 993,000 Anwar Sierad 250 0 265,500 APAC Centertex Corp.

Access to refinery silts up

Access to refinery silts up JAKARTA (JP): The waterway to the fuel harbor of state oil and gas company Pertamina in Cilacap, Central Java has silted up over the past several years, hampering ships from leaving the harbor, a Pertamina official said on Monday. Spokesman for Pertamina's Cilacap refinery, Husni Banser, said the bottom of the waterway was covered with 2.2 million cubic meters of mud and was increasing by between 800 and 900 cubic meters per year.

Irian Jaya chruch leaders say flag raising not a separatist sign

Irian Jaya chruch leaders say flag raising not a separatist sign JAYAPURA, Irian Jaya (JP): The plan to hoist the 'Morning Star' flag is just the way the Irianese express their demand for justice and more respect for human rights, church leaders say here. Leaders of Christian denominations in Irian Jaya said in a statement made available to The Jakarta Post on Tuesday that the 'Morning Star' flag hoisting planned by the people on Dec.

YLKI for 25% Idul Fitri fare hike

YLKI for 25% Idul Fitri fare hike JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) objected on Tuesday to the Association of Public Land Transportation Owners (Organda) Jakarta branch's proposal to increase inter-city bus fares by 50 percent during the upcoming annual Idul Fitri holidays. Tini Hadad, a YLKI executive board member, said her foundation agreed to a 25 percent only increase in bus fares for the annual exodus.

Gus Dur wants Benjamin as new Chief Justice

Gus Dur wants Benjamin as new Chief Justice JAKARTA (JP): President Abdurrahman Wahid proposed on Tuesday National Commission on Human Rights member Benjamin Mangkoedilaga be named the new chief justice of the Supreme Court. Addressing a business forum here jointly organized by state- run radio station RRI and Harvest International, the President also said he would like to see Antonius Sujata named a national ombudsman and professor of law J.E.

Wicaksana signs debt restructuring deal

Wicaksana signs debt restructuring deal JAKARTA (JP): Publicly listed trading and distribution company PT Wicaksana Overseas International has entered into a principle agreement with its creditors to restructure US$126 million in debts through debt buyback, debt-to-equity swaps and rescheduling deals.

Explaining the Papuans wish to secede from Indonesia

Explaining the Papuans wish to secede from Indonesia By Neles Kebadabi Tebay This is the first of two articles exploring the resentment of the people of Irian Jaya (Papuans) which was fostered by the adverse government practices during Soeharto's 32-year-long authoritarian rule. ABEPURA, Irian Jaya (JP): Papuans, already anxious about their existence as an ethnic group, are helplessly watching as they are outnumbered by incoming outer islanders.

Garuda to resume KL flights

Garuda to resume KL flights JAKARTA (JP): Indonesia's flag carrier, Garuda Indonesia Airlines said on Monday it would reopen the route linking Medan, North Sumatra to Kuala Lumpur, Malaysia, using Boeing 737's starting in March 2000. Iriansyah Antemas, the company's international marketing officer said in Pekan Baru, Riau, Garuda was ready to compete with other airlines who also serve the destination.

Mahathir to meet Malaysian king

Mahathir to meet Malaysian king KUALA LUMPUR (AP): Mahathir Mohamad, Malaysia's leader for 18 years, was to meet the king on Wednesday in the first step toward his swearing-in as prime minister, election officials said. Mahathir was assured of a fifth consecutive term after his National Front coalition won Monday's parliamentary elections, retaining its two-thirds majority with a campaign that focused on economic and civil stability.

Indonesia-Australia ties: What went wrong?

Indonesia-Australia ties: What went wrong? By Hal Hill and Chris Manning This is the second of two articles exploring the low ebb in the Jakarta and Canberra ties. CANBERRA (JP): Where do we go from now? Recent experience has surely taught us that there are no quick fixes. Unrealistic expectations of close bilateral relations, frequently based on impractical hopes of commercial advantage, built up in the 1990s, especially in the Keating years.

Police point to drowning in slaying of woman, daughter

Police point to drowning in slaying of woman, daughter TANGERANG (JP): Preliminary results of a police investigation revealed on Tuesday that the four children alleged to have killed their mother and sister may have drowned them in a water tank at the family's house. "Based on the suspects' confessions, both victims were pushed in the tank. We also found bubbles coming from the victims' mouths," Tangerang Police chief Lt. Col. Pudji Hartanto said on Tuesday.

Sutiyoso puts blame on inspection bodies

Sutiyoso puts blame on inspection bodies JAKARTA (JP): Governor Sutiyoso blamed on Tuesday the four inspection agencies' overlapping supervision of the city administration's inefficiency. "There are four agencies supervising the city administration, making it difficult for us to work properly," Sutiyoso said while addressing participants of a panel discussion on the role of the city's inspectorate agency.

Hamzah hands over post, wants to focus on party

Hamzah hands over post, wants to focus on party JAKARTA (JP): Hamzah Haz who on Tuesday handed over his post of Coordinating Minister of People's Welfare and Poverty Eradication to Basri Hasanuddin, asserted his resignation was purely motivated by his desire to focus on party affairs. "There is no pressure at all from other parties.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Nov. 30, 1999: Bank notes rates Buying Selling Rp Rp U.S.

IBRA threatens to take legal action against Hashim

IBRA threatens to take legal action against Hashim JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Tuesday it would take legal action against businessman Hashim S. Djojohadikusumo if he failed to settle his obligations with the government.

Investors in Malaysia remain cautious despite Mahathir win

Investors in Malaysia remain cautious despite Mahathir win KUALA LUMPUR (Dow Jones): Prime Minister Mahathir Mohamad's election victory may boost investors' confidence in the government, but foreign fund managers say they are unlikely to rush back to the Kuala Lumpur bourse. The National Front coalition's win may be reassuring, but fund managers remain concerned about the uncertainty over Mahathir's eventual successor and the political transition process.

Mahathir retains power in decisive election victory

Mahathir retains power in decisive election victory KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad on Tuesday celebrated an emphatic poll victory which secured his legacy as Asia's longest-serving elected leader but also saw big gains by an Islamic opposition. Despite predictions of a major backlash over the Anwar Ibrahim affair, Mahathir's National Front coalition won 148 of the 193 parliamentary seats and kept power in nine of 11 state assemblies.

Government drops charge against Sofyan

Government drops charge against Sofyan JAKARTA (JP): The Attorney General's office on Tuesday dropped the graft charges against businessman Sofyan Wanandi, saying that it had no proof to support the allegation. In a letter, a copy of which was distributed to the media, the team of investigators was ordered to stop the year-long investigation because there were not enough grounds to continue with the prosecution.