Indonesian Political, Business & Finance News

Archive: 30 December 1999

46 articles found

Youth quake hit Indonesian music industry in 1999

Youth quake hit Indonesian music industry in 1999 By Endi Aras JAKARTA (JP): New faces enlivened this year's gloomy local music industry hard hit by the ongoing economic crisis. The economic crisis has meant escalating production costs in the recording and promoting of new albums. Moreover, people's purchasing power has declined to a very low level, making it very difficult for them to buy cassettes and compact discs (CDs) of their favorite artistes.

Resistance to change can sink companies

Resistance to change can sink companies By James O'Hara This is the first of two parts of an article on corporate management. JAKARTA (JP): Change is difficult. Management change is even more difficult, when managers are asked to change the way they manage; it is like telling them that they were wrong. This can result in a loss of face, which for Asian managers is disturbing and extremely difficult to accept. The implication is that there will be a high resistance to management change in Asia.

Pelita plans to operate scheduled flights in April

Pelita plans to operate scheduled flights in April JAKARTA (JP): Private charter air carrier PT Pelita Air Service said it would expand its business into the scheduled airline sector in April 2000 to serve 12 destination cities across the country. Company president Soeratman said on Wednesday the company was upbeat that it would be able to generate reasonable revenues despite imminent competition with five existing scheduled airlines.

Teenager dies over sandals

Teenager dies over sandals JAKARTA (JP): A teenager was stabbed in his left leg during a fight and bled to death on Wednesday morning in Kebayoran Lama subdistrict, South Jakarta, the victim's father said. Sofyan, 52, a resident of Jl. Peninggaran Timur in Kebayoran Lama, said his son Ari Safrizal, 18, got into a fight with a friend over a pair of sandals. "Nobody knows what really happened or whose sandals they were fighting over.

Blowing in the wind

Blowing in the wind How many deaths will it take till he knows, that too many people have died. This line from Bob Dylan's popular song Blowin' in the Wind aptly describes the question that many people in this country, and probably the rest of the world too, are asking today: How many more deaths will it take till the government of President Abdurrahman Wahid realizes that too many people have died in the sectarian conflict in Maluku, which is now in its 12th month.

One killed, 13 injured in Belawan

One killed, 13 injured in Belawan MEDAN (JP): At least one man was killed in the mob attack on warehouses in the North Sumatra port of Gabion Belawan on Tuesday, provincial police chief Brig. Gen. Sutiyono said on Wednesday. Sutiyono said that an employee of one of the warehouses, Ang Kok Ciong, 41, was killed when he tried to prevent the mob from burning the warehouses. He added that 13 people were injured when security personnel deployed to the area were forced to open fire on the people.

Cindana advances in Copenhagen

Cindana advances in Copenhagen JAKARTA (JP): Indonesian women's singles player Cindana Hartono Kusuma defeated Mette Sorensen of Denmark 11-3, 11-9 in the Copenhagen Masters invitational meet in Copenhagen on Tuesday. Sorensen earlier lost to China's Tang Chun Yi 11-7, 11- 10 in the round-robin tournament. In the men's singles, home-crowd favorite Peter Gade Christensen will face veteran compatriot Poul-Erik Hoyer-Larsen in Wednesday's final.

Mine sniffer dog found in pet shop

Mine sniffer dog found in pet shop PHNOM PENH (AFP): Cambodia's national demining agency has rescued a Swedish-trained land mine sniffer dog valued at US$30,000 from a pet shop after it was stolen by one of its dog handlers, it was reported here on Tuesday. The English-language Cambodia Daily said Nikkon -- a German shepherd trained to sniff out tiny quantities of buried explosives -- was stolen by Cambodian Mine Action Center employee Hoy Yareth, who has since been arrested.

Oil contractors budget $4.8b for exploration and production

Oil contractors budget $4.8b for exploration and production JAKARTA (JP): Foreign oil and gas contractors will spend up to US$4.8 billion next year in exploration and production, a $500 million increase over the current year. Pertamina head of foreign contractor supervision Gatot K. Wiroyudo said on Tuesday the annual budget would include spending on 76,000 kilometers of seismic activity and the drilling of 137 exploration wells and 1,255 development wells.

Eight detained for penitentiary arson

Eight detained for penitentiary arson MAKASSAR, South Sulawesi: Eight inmates were placed under police custody for allegedly provoking a jailbreak attempt in the early hours on Wednesday. Makassar Penitentiary chief Djati Setiawan said the prisoners, identified as Bram, Iwan, Gani, Basri, Jabur, Tono, Aco and Enal, had instigated others to burn a block of the jail compound.

Shuttlers accept new training plan

Shuttlers accept new training plan JAKARTA (JP): National shuttlers have finally agreed to the decision of the Badminton Association of Indonesia (PBSI) to change the training system at the Indonesian Badminton Center in Cipayung, East Jakarta. PBSI's players board chairman Rexy Mainaky told The Jakarta Post on Wednesday that all shuttlers met PBSI chairman Subagyo Hadisiswoyo in a meeting on Monday.

Ex-deputy PM hospitalized

Ex-deputy PM hospitalized KUALA LUMPUR (AP): A former deputy prime minister has been hospitalized in Kuala Lumpur after suffering a mild stroke during a trip to Indonesia, hospital officials said on Wednesday. Ghafar Baba, 74, was flown back to Malaysia on Tuesday on a military jet from Bogor, 80 kilometers southeast of the Indonesian capital of Jakarta, where he had been visiting his wife's family, the Malay-language Utusan Malaysia daily reported.

'Kremasi Waktu' redefines universal time concepts

'Kremasi Waktu' redefines universal time concepts By I Wayan Juniarta DENPASAR, Bali (JP): Noted Balinese artist I Nyoman Erawan is upset. He is trapped in a daily routine. He starts his day at 6 a.m. At 7 a.m., his kids rush to school, at 10 a.m., he starts working and meeting with friends or clients. "It is annoying to hear the ticking and ringing of the clock every morning. We have to adhere to tight schedules, made by ourselves," said Erawan.

Govt policy on economic councils criticized

Govt policy on economic councils criticized JAKARTA (JP): The government needs to review the membership of the newly established economic and business councils in order to ensure their independency in advising the President, noted economist Sjahrir said on Wednesday. Speaking at the year-end briefing of the Indonesian Chamber of Commerce and Industry (Kadin), Sjahrir said that members of the two councils should be freed from both political and business motives.

Education ministry introduces major changes

Education ministry introduces major changes JAKARTA (JP): The Ministry of National Education announced on Wednesday its planned sweeping reforms that will include changes to school examinations and the bureaucracy of the institution. Speaking at a year-end media conference at his office, Minister of National Education Yahya Muhaimin said that students of elementary and secondary schools would have their essay topics increased to at least 50 percent in their final examinations.

Grasshoppers raid rice, corn fields

Grasshoppers raid rice, corn fields MAUMERE, East Nusa Tenggara: Over 2,800 hectares of rice and corn fields in three West Sumba districts have been declared destroyed following attacks by thousands of grasshoppers. A staff member at the local agriculture office, Ambrosius Leba, said on Wednesday residents of the districts had been ordered to exterminate the pests in order to prevent them from affecting other districts.

Two policemen shot dead by assailant in South Aceh

Two policemen shot dead by assailant in South Aceh BANDA ACEH, Aceh (JP): Police officers on Wednesday continued a security sweep of the Kuala Batee district in South Aceh after two policemen were shot dead by an unknown man on Tuesday. "They pound on doors at any given time and search our houses in an effort to find the man suspected of killing their colleagues on Tuesday. The terror continues unabated," a local said on Wednesday.

Policeman detained over drugging, rape

Policeman detained over drugging, rape BOGOR (JP): Bogor Police have detained a Kedunghalang subdistrict policeman for allegedly drugging a teenage schoolgirl who was then reportedly raped, Bogor Police deputy chief Maj. Sumarso said on Monday. "We have taken the officer's gun from him. The investigation will go on, and as long as it goes on, this officer is going to serve as one of my adjutants," Sumarso told reporters at the Bogor Police Headquarters.

Sjafrie denies role in attack on Belo's residence

Sjafrie denies role in attack on Belo's residence JAKARTA (JP): Maj. Gen. Sjafrie Sjamsoeddin denied on Wednesday allegations that he was present or had anything to do with a militia attack on Bishop Carlos Felipe Ximenes Belo's residence in Dili, East Timor, on Sept. 6.

IBRA urged to comply with court order

IBRA urged to comply with court order JAKARTA (JP): Finance companies PT Hanil Bakrie Finance and PT Hana Risjad Finance are urging the Indonesian Bank Restructuring Agency (IBRA) to repay interbank claims owed them. Faisal Tadjuddin from Taira Faisal & Panggabean law firm, which is acting on behalf of the two companies, said IBRA should comply with a court ruling ordering it to repay the interbank claims of the two joint ventures.

PLN suffers Rp 5.26t in losses from inefficiency

PLN suffers Rp 5.26t in losses from inefficiency JAKARTA (JP): Inefficiencies at state electricity firm PT PLN have cost the company Rp 5.26 trillion (about US$750 million) per year, while the mismanagement of reforestation funds has left the government suffering $5.25 billion in losses, according to independent audits.

The toughest question to answer

The toughest question to answer By Budiman Moerdijat JAKARTA (JP): Some three months after clashes between Muslims and Christians first broke out in the Maluku capital of Ambon in mid-January, a local Muslim leader told The Jakarta Post that the hardest question to answer was "how to put the pieces back together?" Some eight months later, the very same question is still being asked as violent communal clashes have only intensified in a province once dubbed by former president B.J.

24 injured in latest train accident in South Jakarta

24 injured in latest train accident in South Jakarta JAKARTA (JP): At least 24 people were injured in a head-on collision between a locomotive and an express train in Manggarai subdistrict in South Jakarta on Wednesday morning. The accident damaged four of the express train's six cars. Four of the injured were the drivers and assistants on the two trains. It was the second railway accident in two days after a fatal train-bus collision in Lenteng Agung, South Jakarta, on Tuesday evening.

Bali: Paradise for millennial partyers

Bali: Paradise for millennial partyers DENPASAR, Bali (JP): Millennial fever has hit Bali. Thousands of domestic and foreign tourists have already flocked to this island of paradise, the site of the biggest and longest millennial party in Indonesia. Local artists, hotels and restaurants and the provincial government have begun brainstorming about millennial celebrations since a few years ago. A minute before midnight on Dec.

Murder suspect arrested in Bogor

Murder suspect arrested in Bogor BOGOR (JP): Bogor Police arrested on Wednesday a man identified as Edward for the murder of Himawan Sukmantoro, 37, an officer said on Wednesday. "The suspect admitted the killing was carried out with the assistance of two of his friends, who are still at large," Bogor Police chief Col. Edi Darnadi said. He said the victim's family filed a report with the police two weeks ago after Himawan failed to return home for three days. "Before leaving home on Dec.

KONI allows Olympic-qualified athletes in PON

KONI allows Olympic-qualified athletes in PON JAKARTA (JP): National Sports Council (KONI) deputy secretary- general Hussein Argasasmita said on Wednesday athletes qualified for the 2000 Olympics would be allowed to compete in the 15th National Games (PON), with some conditions. "Some sports organizations have indicated that their athletes will compete in PON, but we require (the athletes) to compete only in the discipline they will compete in at the Olympics," he said.

Roziq to propose solution for flooded airport road

Roziq to propose solution for flooded airport road JAKARTA (JP): Sections of Cengkareng toll road in West Jakarta, the main route to Soekarno-Hatta International Airport, remained swamped for the second straight day on Wednesday, resulting in delays at the airport and frazzled nerves. State Minister of Public Works Roziq Boedioro Soetjipto inspected the toll road on Wednesday and said his office would propose the central government immediately build an adequate alternative route to the airport.

IMI to stage three int'l events in 2000

IMI to stage three int'l events in 2000 JAKARTA (JP): The newly reelected chairman of the Indonesian Motosports Association (IMI), Bob RE Nasution, said on Wednesday the association would stage three international events next year. "We will stage the Formula Ford in February, the Asia Pacific rally in March and the Borneo Four-wheel drive rally in April. This is a stepping stone for us to stage the International Rally in 2001," he said after his induction.

BI has no objection to publication of audit results

BI has no objection to publication of audit results JAKARTA (JP): Bank Indonesia (BI) said on Wednesday that it had no objection to the audit on its balance sheet being made public as such a move would not affect its operations but would improve transparency. Nevertheless, Bank Indonesia governor Sjahril Sabirin warned that the central bank would be forced to book a substantial loss if the Supreme Audit Agency refused to give an opinion on BI's balance sheet.

FedEx ramp team gets award

FedEx ramp team gets award JAKARTA (JP): The Federal Express (FedEx) ramp team in Indonesia has received the company's Circle of Excellence award for five consecutive quarters from September to November 1998 until the last quarter, according to FedEx. "For any FedEx ramp team around the world, the quarterly award is a big achievement within the multinational company that is headquartered in Memphis, the United States," FedEx said in a statement on Wednesday.

Pawnbroking busy prior to Idul Fitri

Pawnbroking busy prior to Idul Fitri YOGYAKARTA: The state pawnbroking company in the Gunung Kidul regency has lent local residents Rp 321 million (US$45,714) this month, ahead of the Idul Fitri Muslim holiday, an employee said on Wednesday. The loans averaged some Rp 13 million per day. "Over the last two days, the loans even reached Rp 50 million," Wasiti, a cashier at the firm told The Jakarta Post. She said most residents used their golden jewelry as collateral for the money they borrowed.

Two wanted for murder of maid

Two wanted for murder of maid JAKARTA (JP): West Jakarta Police detectives are combing the streets of a city outside Jakarta in search of two men suspected of murdering a 60-year-old woman who was found dead on Tuesday morning at her workplace. West Jakarta Police deputy chief Maj. Syafril Nursal said on Wednesday that the two men were strongly suspected of killing Minah, who worked as a maid in Kelapa Dua Villa housing complex in Kebon Jeruk.

Regional discontent a test for new Indonesia

Regional discontent a test for new Indonesia By Dwi Atmanta JAKARTA (JP): History repeats itself in an Indonesia reveling in newfound democracy, with an upsurge in demands throughout the year from provinces long treated as cash cows. With no significant efforts to properly address the widespread secessionist movements, the outcry added to the burdens of the country, which was rocked by sectarian clashes in the Maluku islands for almost the whole year.

Courts still to prove independence, fairness

Courts still to prove independence, fairness By A'an Suryana JAKARTA (JP): When the reform spirit started to sweep across the country last year, people began to hope that the government would establish independence and fairness in the court system. People thought the government would listen to their aspirations and improve the performance of the courts, which, ever since the New Order government rose to power in 1966, had often ignored the will of the people when pronouncing verdicts.

Gus Dur: No martial law in Ambon

Gus Dur: No martial law in Ambon JAKARTA (JP): President Abdurrahman Wahid has vowed not to impose martial law in Ambon, Maluku, which has seen 63 people killed in bloody conflicts since Sunday. Abdurrahman stressed that he did not consider martial law a means to end the conflict, but asserted that military reinforcements would be deployed in the area where the military had taken up the security command from police on Wednesday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 29, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,025 -50 30,000 Alakasa Industrindo 600 -100 1,000 Alter Abadi 425 0 95,000 Alumindo Light Metal 1,200 0 20,000 Aneka Kimia Raya 550 -50 15,000 Aneka Tambang (Persero) 1,375 -25 492,000 Anwar Sierad 300 -25 25,500 APAC Centertex Corp.

Focusing on pillars of investment

Focusing on pillars of investment By Beni Sindhunata JAKARTA (JP): The three pillars of Indonesian investment and its economic scene, which are dissimilar but have the same objectives, are George Soros, foreign direct investment and aseng -- quasi-foreign businesses of Indonesian-owned investment companies usually registered at offshore centers. Therefore, it is difficult to decide which is better and safer for the Indonesian economy.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Music 10:30 Interval 2:00 p.m. News 2:30 TV Series: Drew Carey Show 3:00 Music 4:00 News 4:30 Religious Teachings 5:00 Ramadhan Program 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30 TV Drama 8:00 Music 9:00 World News 9:35 Ramadhan Koran Recital 10:00 Ramadhan Songs 12:00 a.m. Late News Program 2 4:30 p.m.

Klaten farmers ward off pests with aid of scarecrows

Klaten farmers ward off pests with aid of scarecrows By Blontank POeR SURAKARTA, Central Java (JP): For farmers, harvest failure or a steep drop in the price of agricultural products is very frustrating. Often, just as frustrating is the Ministry of Agriculture official's insistence that the farmers use the chemicals they prescribe: urea or calcium chloride fertilizer and various pesticides. Usually, the official guarantees that the farmers will prosper if they do what he says.

Where to go in Bali:

Where to go in Bali: Exhibitions * Photo Exhibition: Foto-Realisme Indonesia, by Agus Kamal, Asri Nugroho, etc., at Edwin's Gallery Bali, Komp. Tuban Plaza no. 25- 27, Jl. Bypass Ngurah Rai, Kuta, Denpasar, until Jan. 18. * Photo Exhibition of winners and nominees of the Bali International Photo Competition '99, at Exhibition hall, the Mandala Garuda Wisnu Kencana, Jl. Raya Uluwatu - Ungasan, Jimbaran, until Dec. 31.

Foreign investment approval plunges 22 percent this year

Foreign investment approval plunges 22 percent this year JAKARTA (JP): The value of foreign investment approved by the Investment Coordinating Board (BKPM) plunged this year to US$10.6 billion from $13.6 billion in 1998 and $33.8 billion in 1997. Realized foreign investment, regarded as a better measure of investors' confidence, however, rose to $7.64 billion from $5.77 billion over the past year.

A strategic delay

A strategic delay Congratulations to the legal team of Gen. Wiranto. By changing the date of his official questioning from Dec. 22 to Dec. 24, the general was able to stall immediate substantive news reports about his testimony, since most leading papers were not published on Christmas Day. The following day was Sunday, generally a "soft" news day for newspapers, with little news analysis.

AIDS patients' confidentiality

AIDS patients' confidentiality Patient confidentiality is still a big problem in Indonesia. I can say this after having read Across the Archipelago on Dec. 22, 1999 about AIDS patients in Soetomo General Hospital in Surabaya. In that short news item, the name of an AIDS patient who had died was clearly mentioned. I don't know from whom the journalist got the patient's name, but I regret that it was made public.

BMS floats shares on JSX

BMS floats shares on JSX JAKARTA (JP): Property developer PT Bintang Mitra Semestaraya (BMS) floated its shares on the Jakarta Stock Exchange (JSX) on Wednesday. President Lukman Purnomosidi said he was optimistic about housing development next year. "I predict the demand for new houses will reach between 150,000 and 160,000 units next year," he said. The share price (coded BMSR) gained Rp 600, or more than 100 percent, to close the day at Rp 1100.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Dec. 29, 1999: Bank notes rates Buying Selling Rp Rp U.S.

Polysindo survives bankruptcy claim

Polysindo survives bankruptcy claim JAKARTA (JP): The Jakarta Commercial Court rejected on Wednesday the bankruptcy petition filed by Inter Pacific Bank against publicly listed textile concern PT Polysindo Eka Perkasa. "The plaintiff has failed to present valid proof that Polysindo has more than one creditor," presiding judge Mahdi Soroinda Nasution said when reading the court's verdict.