Indonesian Political, Business & Finance News

Archive: 11 December 1999

51 articles found

Thieves beat driver, steal car

Thieves beat driver, steal car JAKARTA (JP): Four suspected car thieves calling themselves police officers, beat a man with a steel pipe before taking off with the latter's blue Opel Blazer sedan, on Jl. Supratman in Ciputat, South Jakarta, early on Thursday morning, a city police spokesman said.Lt.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 10, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,200 0 104,000 Alakasa Industrindo 700 0 0 Alter Abadi 425 -50 154,000 Alumindo Light Metal 1,125 25...

Seach and rescue workers find 15 bodies in landslide

Seach and rescue workers find 15 bodies in landslide PADANG, West Sumatra (JP): Search and rescue workers on Friday discovered another eight bodies under thick mud that engulfed a residential area in Seberang Palinggan subdistrict in an overnight landslide.

Dutch bank's loans for RI

Dutch bank's loans for RI UTRECHT, The Netherlands (Dow Jones): The Dutch Development Finance Agency (FMO) Friday signed an agreement with Rabobank International and the International Finance Corporation to set up a US$120 million credit facility in Indonesia.

Newmont ships first export

Newmont ships first export JAKARTA (JP): Copper and gold mining company PT Newmont Nusa Tenggara said on Friday it had sent its first export of 30,000 tons of copper and gold concentrate from Benete port, Sumbawa, West Nusa Tenggara to Japan.

SE Asia recovering faster than expected

SE Asia recovering faster than expected TOKYO (AP): Southeast Asian economies are rebounding faster than expected, the head of the Asian Development Bank (ADB) said Friday."The recovery is exceeding everybody's expectations," said Tadao Chino, president of the bank, which loans money to developing...

Asian monies flat as dealing slows for start of Ramadhan

Asian monies flat as dealing slows for start of Ramadhan HONG KONG (Dow Jones): Dealing in Asian currencies ground to a halt Friday as traders and investors closed their books at the start of Ramadhan and in the approach of the New Year.

Quick trial for servicemen

Quick trial for servicemen MAGELANG, Central Java: Army chief Gen. Tyasno Sudarto ordered a quick trial of servicemen who were involved in drug cases."Servicemen who are involved in drugs cases and gambling must be tried as soon as possible while their cases are still hot," he said during a speech...

Selective rally set to continue in Asia debt market

Selective rally set to continue in Asia debt market HONG KONG (Dow Jones): This year's rally by Asian bonds is expected to continue into next year, but at a much slower pace, debt investors and analysts say.

MPR factions divided on issue of federalism

MPR factions divided on issue of federalism JAKARTA (JP): The debate over a federal state continues among factions in the People's Consultative Assembly as two strong proponents of the idea, the Crescent Star Party (PBB) and the Reform faction, insist that it should be decided by the public.

Gus Dur agrees to review nicotine regulation: GAPRI

Gus Dur agrees to review nicotine regulation: GAPRI JAKARTA (JP): Following calls from local cigarette producers, President Abdurrahman "Gus Dur" Wahid agreed on Friday to review a new regulation on cigarette tar and nicotine levels.

Commitment failing?

Commitment failing? It seems that our courage and commitment are being tested. Those government officials who have recently shown such courage are now facing huge obstacles trying to remain consistent. Laksamana Sukardi, who won acclaim for daring to uncover the Texmaco megacredit scandal recently,...

German casts new light on city's buildings

German casts new light on city's buildingsBy Emma Cameron JAKARTA (JP): Not many art exhibitions enter their last week still incomplete, but an exhibit titled Jakarta 2000 -- Contemporary Architecture in the Indonesian Capital managed this feat.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Dec. 10, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,209.00 7,281.00Australian dollar 1 4,587.09 4,636.54Austrian schilling 1 535.06 540.67Belgian franc 1 182.51 184.43Brunei dollar 1 4,294.14 4,339.61Canadian dollar 1 4,879.

PGA golf school lands sponsorship

PGA golf school lands sponsorship JAKARTA (JP): Prestasi Golf Andalan golf school received sponsorship on Friday from Mizuno sports equipment manufacturer.The deal was announced during the launching of Mizuno's newest golf equipment, Presage, at the school on Friday.

English proficiency needs new teaching setting

English proficiency needs new teaching settingBy Sugeng Susilo Adi ADELAIDE, Australia (JP): Older Indonesians, particularly men, often criticize members of the younger generation because they cannot speak English fluently despite having studied English formally for six years in junior and high...

Government at odds with IMF over fuel price hikes

Government at odds with IMF over fuel price hikes JAKARTA (JP): The government and the International Monetary Fund (IMF) are still at odds over the questions of when and how much to increase the price of fuel and electricity.

Women play pivotal role in Javanese 'wayang' shows

Women play pivotal role in Javanese 'wayang' showsBy Kanti Walujo JAKARTA (Antara): The dalang (Javanese shadow puppet master) usually needs supporting personnel in charge of the orchestra, stage management, sound system, lighting, offerings and logistics to enable the show to go on.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Handicraft Exhibition: Cinderamata Nusantara, at Galeri Kampoeng Seni, in Metropolitan Mal, Bekasi, until Jan. 7. Dances and music performance, every Monday, Thursday, at 4 p.m. to 5 p.m.

Ex-ministers to be queried over Ambon clashes

Ex-ministers to be queried over Ambon clashes JAKARTA (JP): A House of Representatives working commission will question Gen. Wiranto and two other former Cabinet ministers next week over persistent riots in Maluku."We plan to question the former ministers from Dec. 14 to Dec.

Muslims told to uphold peace during Ramadhan fasting month

Muslims told to uphold peace during Ramadhan fasting month JAKARTA (JP): The Indonesian Ulemas Council (MUI) called on the Muslim community on Friday to exercise restraint and uphold peace during the Ramadhan fasting month.

Preparing bahasa Indonesia for the new millennium

Preparing bahasa Indonesia for the new millenniumBy Setiono JAKARTA (JP): A two-day seminar on the politics of national language held recently in Cisarua, Bogor, south of here, reflects an awareness of the urgency in preparing bahasa Indonesia to face the new millennium, with the uncontrollable...

Painter Blanco dies of heart failure

Painter Blanco dies of heart failure DENPASAR, Bali (JP): Flamboyant painter Antonio Blanco died on Friday of heart disease at Sanglah Hospital here.A member of the hospital's staff, Gede Wardana, said Blanco died at about 1:30 p.m.

Telkom, Alcatel agree to push telecommuting

Telkom, Alcatel agree to push telecommuting JAKARTA (JP): PT Alcatel Indonesia and PT Telkom Indonesia have agreed to jointly promote telecommuting concepts to the Indonesian community.Under the agreement signed here early this week, the two companies will provide complete-integrated satellite...

Police look for leads in gang brawl investigation

Police look for leads in gang brawl investigation JAKARTA (JP): West Jakarta Police are still in the dark about a Wednesday gang brawl in the Asemka subdistrict of West Jakarta, in which four cars and one motorcycle were severely damaged by one of the gangs."So far, we have questioned 10 witnesses.

Telecoms and IT expo in 2000

Telecoms and IT expo in 2000 JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) will hold an annual international conference and exhibition on telecommunications, broadcasting and information technology.

PT Pindo Deli plans to go public next year

PT Pindo Deli plans to go public next year JAKARTA (JP): Indonesia's third largest paper manufacturer PT Pindo Deli Pulp & Paper Mills announced on Friday that it was making preparations to float its shares on the stock market next year, according to company vice president Ali Alimsyah.

Seven hoodlums arrested for street fight

Seven hoodlums arrested for street fight TANGERANG (JP): Police arrested seven people on Thursday in connection with a brawl at Cikokol bus station on Wednesday in which R. Purba, 28, was killed and Natalius Marbun severely injured.

Govt secures more beef

Govt secures more beef JAKARTA (JP): The government has secured 9,568 metric tons of beef for Jakarta and its surrounding areas, 2,432 tons more than the estimated demand during the upcoming holidays, Sofyan Sudarjat, director general of livestock said on Friday.

Fire department appeals for equipment, personnel

Fire department appeals for equipment, personnel JAKARTA (JP): With the risk of fires ever increasing, the city fire department is proposing an increment to fire fighting equipment and personnel."We have only 7 percent of an ideal of 10,000 fire hydrants throughout the city," head of the city fire...

Teenage prostitute boom in Semarang

Teenage prostitute boom in Semarang SEMARANG: A provincial councilor expressed concern over the apparent boom in teenage prostitutes in the city who are operating publicly along its streets and entertainment centers.

U.S. wants to see Indonesia peaceful and prosperous

U.S. wants to see Indonesia peaceful and prosperous This is the second of two articles based on a paper presented by the United States Ambassador Robert S. Gelbard at the one-day conference on U.S.-Indonesia relations on Dec. 6, 1999. JAKARTA: The first U.S.

Government to deliver draft budget after Idul Fitri

Government to deliver draft budget after Idul Fitri JAKARTA (JP): The government will delay the presentation of its 2000 state budget draft from the usual schedule of January 1 to the middle of the month, according to finance minister Bambang Sudibyo.

One-track mind

One-track mind I really have problems trying to understand the attitude and way of thinking of politicians in this reform era. Their way of thinking is like a labyrinth for me. If I am right then all of us are trying to create a new society based on democracy, law and order.

Badly hurt man found in dumpster

Badly hurt man found in dumpster JAKARTA (JP): South Jakarta residents found a critically injured 19-year-old man stuffed in a dumpster, with his head covered in a plastic bag, his body riddled with welts and his hands bound.

Ex-presidential guard arrested with heroin

Ex-presidential guard arrested with heroin JAKARTA (JP): The National Military Police finally handed over on Friday Sofyan, a former military police officer arrested on Wednesday for allegedly possessing heroin, to the Jakarta Police for further investigation, an officer said.

Two old mosques share same name

Two old mosques share same nameBy Ida Indawati Khouw For many, Marunda is just a dirty slum area where the poor fishermen families of North Jakarta live. Few realize that the subdistrict was once home to many historic buildings and sites. One of the existing ones is the Al-Alam mosque.

Qantas names new manager

Qantas names new manager JAKARTA (JP): Australian air carrier Qantas Airways has appointed Philip Hood as new airport manager to run Qantas' airport operations in Indonesia.The company said Hood's main role would be maintaining safety and service standards and working with local authorities to...

Rp 25 million chair for E. Java governor

Rp 25 million chair for E. Java governor SURABAYA: The purchase of an imported Italian leather chair for Rp 25 million for the governor of East Java has sparked protest among provincial councilors, who have criticized it as "an absurd waste of money".

Myanmar ousts investment bigwigs

Myanmar ousts investment bigwigs YANGON (AP): The top members of Myanmar's powerful investment board have been replaced, the official Gazette announced on Friday.The Gazette, which is the publication of record for government activities, gave no reason for the shakeup of the Myanmar Investment...

Mahathir keeps old guard in new Cabinet

Mahathir keeps old guard in new Cabinet KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad on Friday retained the old guard and his market-savvy finance minister in a new cabinet that was welcomed by markets.In his first major political move since winning a Nov.

Incinerator may put an end to garbage disposal headache

Incinerator may put an end to garbage disposal headache JAKARTA (JP): The city administration is thinking of buying a Japanese incinerator to solve its garbage management problems, Governor Sutiyoso said on Friday.

Water shortages hit Banjarnegara

Water shortages hit Banjarnegara BANJARNEGARA, Central Java: At least 60 percent of the 841,000 residents in Banjarnegara are experiencing clean water shortages, regent H. Nurachmad said on Friday.He added there was also a lack of sufficient sanitation facilities which only compounds the situation...

Government frees 91 political prisoners

Government frees 91 political prisoners JAKARTA (JP): The government released 91 political prisoners, including 70 East Timorese and six activists of the Democratic People's Party (PRD), on Friday.Also freed were 15 people involved in a radical Muslim movement in Lampung in the 1980s.

Minister says Zarina must serve out her sentence

Minister says Zarina must serve out her sentence TANGERANG (JP): Minister of Law and Legislation Yusril Ihza Mahendra insisted on Friday that drug suspect Zarina must serve out the remaining two years of a previous jail sentence regardless of the outcome of new drug charges.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturday Maghrib 6:03 p.m.Sunday Imsak 3:59 a.m.Subuh 4:09 a.m.

Neta to accompany Juana in Olympic warm-up tour

Neta to accompany Juana in Olympic warm-up tour JAKARTA (JP): Young and self-motivated, junior tae kwon doin Rahadewi Neta will kick off her international debut by accompanying her senior, Juana Wangsa Putri, in a warm-up tour ahead of the 2000 Olympics Games in Sydney.

Boxing body rethinks hiring Cuban coach

Boxing body rethinks hiring Cuban coach JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) has expressed doubt about the need to hire Cuban coach Carlos J. Penate Torres to improve Indonesian boxers' chances for the 2000 Olympic Games qualifying round.

Business embroilment

Business embroilment The government has finally admitted what businesspeople have been concerned about: a likely backlash against the business world in the stepped-up drive against corruption, collusion and nepotism (KKN).

Budiman bids farewell to jail

Budiman bids farewell to jail JAKARTA (JP): There were traces of relief, happiness and hope for a bright new life when 91 political inmates nationwide were released on Friday in a virtual marking of the end of past authoritarianism, in which thousands of people were sent to jail for their political...

Military men deplore comments made by rights commission

Military men deplore comments made by rights commission JAKARTA (JP): Top military officers and their legal consultants on Friday slammed a government-sanctioned inquiry for making biased remarks on the military's involvement in violence in East Timor.