Indonesian Political, Business & Finance News

Archive: 31 December 1999

50 articles found

Hope amid concerns

Hope amid concerns As the year draws to a close, Indonesians are looking toward the new year -- and a dawning new millennium -- with justifiable hope. True, a host of problems and uncertainties remain to becloud the new vista of civic liberties that has emerged from under the debris of the...

KSEI says it is ready for Y2K bug

KSEI says it is ready for Y2K bug JAKARTA (JP): The Indonesian Central Securities Depository (KSEI) announced on Thursday its readiness to anticipate the millennium bug.KSEI said in a statement that its preparedness was based on internationally accepted "best practices" as acknowledged by...

Perbasi slaps six-month ban and Rp 10 million fine on Panasia

Perbasi slaps six-month ban and Rp 10 million fine on Panasia JAKARTA (JP): The Indonesian Basketball Association (Perbasi) announced it would ban Bandung-based Panasia Indosyntec from national competitions for six months and fine the club Rp 10 million (US$1,413).

Noegroho concedes intelligence officers need improvement

Noegroho concedes intelligence officers need improvement JAKARTA (JP): Chief of city police Maj. Gen. Noegroho Djajoesman confessed on Thursday that his intelligence personnel failed to properly carry out their duty to predict and prevent the rampant riots that rocked the city this year.

UPC seeks pedicab total with registration, license scheme

UPC seeks pedicab total with registration, license scheme JAKARTA (JP): Securing President Abdurrahman Wahid's blessing for becak (pedicab) to operate in residential areas, the Urban Poor Consortium (UPC), which coordinates pedicab drivers in the capital, has begun registering becak and issuing...

Man killed in gang fight

Man killed in gang fight TANGERANG (JP): Police have one man in custody and are searching for three other suspects in the murder of 20-year-old Asmawan, who died in a gang fight here on Monday night, an officer said.Tangerang District Police chief Lt. Col.

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. * Photo Exhibition: by Deniek G. Sukarya, Dandung B.

Reforestation fund management to be revised

Reforestation fund management to be revised JAKARTA (JP): The government will improve the management of its reforestation fund to ensure transparent fund collection and disbursement, Minister of Forestry and Plantations Nur Mahmudi Ismail said on Thursday.

Panther van stolen by gang

Panther van stolen by gang BOGOR (JP): A 29-year-old driver named Samiyo, a resident of Tomang, West Jakarta, was found on the Jagorawi toll road with a severe head wound on Wednesday night after an unidentified gang stole his blue Isuzu Panther van.

East Java killing spree continues

East Java killing spree continues SURABAYA, East Java (JP): A 65-year-old woman became the latest victim of the two-week-old killing spree in the Malang area, which has so far claimed nine lives.Alimah Saniwar was found dead in the wee hours of Wednesday morning at her home in Sumber Runcing...

Local franchises outshine foreign competitors: Expert

Local franchises outshine foreign competitors: Expert JAKARTA (JP): Local franchises posted significant growth this year to outshine foreign franchises, a trend veteran consultant Amir Karamoy predicted would continue into the new year.

Mahathir advises local Muslims

Mahathir advises local Muslims KUALA LUMPUR (DPA): Malaysia's Prime Minister Mahathir Mohamad on Thursday encouraged Malaysian Muslims to practice their religion in full view of all, so that suspicions and misconceptions could be avoided.

TNI denies role in Dutch journalist's murder

TNI denies role in Dutch journalist's murder JAKARTA (JP): A former battalion commander in East Timor admitted on Thursday that his troops ambushed two foreign journalists in the territory's capital of Dili on Sept. 21.However, Maj.

Asian markets bid fond farewell to profitable 1999

Asian markets bid fond farewell to profitable 1999 HONG KONG (Reuters): Asian asset markets came to a quiet close on Thursday ahead of a widespread New Year break with traders and investors sitting on comfortable gains for 1999.

Police need to thaw cold relations with public

Police need to thaw cold relations with publicBy Adrianus Meliala JAKARTA (JP): During the recent graduation ceremonies of military and police academy cadets, President Abdurrahman Wahid stressed that all graduates should be more aware of the situation surrounding the Indonesian Military (TNI) and...

Maj. Gen. Agus apologizes for military's past mistakes

Maj. Gen. Agus apologizes for military's past mistakes MAKASSAR, South Sulawesi (JP): Wirabuana Military Commander Maj. Gen. Agus Wirahadikusumah apologized here on Wednesday for past human rights abuses by Indonesian Military (TNI) personnel.

South coast road in need of repairs

South coast road in need of repairs BANYUMAS, Central Java: Holiday revelers who will pass the town have been asked to be aware of the damage to the south coast highway here.Local Police chief Col. Carel Risa Kotta said on Thursday there were many holes, averaging 15 centimeters deep and between 1.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 30, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,025 0 30,000 Alakasa Industrindo 600 0 0 Alter Abadi 425 0 100,000 Alumindo Light Metal 1,300 100...

Borobudur 2000 night canceled

Borobudur 2000 night canceled YOGYAKARTA: Millennium Night Borobudur, the once-in-a-lifetime celebration to be held in Borobudur Buddhist temple on Jan. 31, was canceled on Thursday due to poor ticket sales to foreign tourists.

Police chief defends shooting

Police chief defends shooting MEDAN, North Sumatra: The provincial police chief Brig. Gen. Sutiyono said on Thursday he could understand the motives behind the recent shooting by Mobile Brigade troops of a house belonging to a youth group.

TV programs

TV programsTodayTVRI 5:00 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 Student's Quiz 3:00 Music 4:00 News 4:30 Music 5:00 Ramadhan Program 6:00 Sports 6:30 TVRI News (in English) 7:00 Evening News 7:30 Documentary 8:00 New Year Eve...

Armed robbers snatch $5,000 from woman

Armed robbers snatch $5,000 from woman JAKARTA (JP): Two men armed with machetes snatched more than US$5,000 in cash from a woman in Tanah Abang, Central Jakarta, on Wednesday morning, an officer said.Chief of Tanah Abang Police subprecinct Capt.

Man killed by single slash

Man killed by single slash JAKARTA (JP): A 24-year-old man was fatally slashed about 50 meters from his home in the Koja area of North Jakarta on Thursday morning, the parents of the victim said.Parjono, 50, a resident of Jl.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Dec. 30, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,064.00 7,136.00Australian dollar 1 4,595.13 4,649.10Austrian schilling 1 516.54 522.33Belgian franc 1 176.20 178.17Brunei dollar 1 4,237.55 4,283.31Canadian dollar 1 4,860.

Italian films to light up the movie screens of Bali

Italian films to light up the movie screens of Bali DENPASAR, Bali (JP): A rare Italian film week is certain to delight local film lovers.Organized jointly by the Italian Embassy, the Italian Cultural Center in Jakarta and Taman Budaya Bali, the Italian film week will take place at Taman Budaya...

Flight services may be moved to Halim

Flight services may be moved to Halim TANGERANG (JP): The government and authorities of Soekarno- Hatta International Airport are considering temporarily moving several flight services to Halim Perdanakusuma Air Force Base in East Jakarta, an airport official said on Thursday.

Poll casts doubt on President's leadership

Poll casts doubt on President's leadership JAKARTA (JP): Just two months after taking over the reins of national leadership, observers and opinion polls are already heaping doubt on the leadership of Abdurrahman Wahid.

Youths prefer worship to parties on New Year

Youths prefer worship to parties on New Year JAKARTA (JP): Youth organizations at several houses of worship here are set to organize religious activities to mark the New Year, which falls on Saturday, amid growing tendencies among city dwellers to exuberantly celebrate the annual event which will...

2,000 troops set for New Year's party

2,000 troops set for New Year's party PURWOKERTO, Central Java: Over 2,000 police and military personnel are prepared for New Year's festivities across the town, local police chief Lt. Col. Jhonny Hutauruk said here on Thursday."We will watch out for nightspots, which must close at 1 a.m.

Davis Cup team disappointed at lack Indian warm-up

Davis Cup team disappointed at lack Indian warm-up JAKARTA (JP): National Davis Cup team members are disappointed with a decision made by the Indonesian Tennis Association (Pelti) that they can compete in three future tournaments in India only if they pay their own expenses.

Resistance to change can sink companies

Resistance to change can sink companiesBy James O'Hara This is the second of two parts on an article on corporate management. JAKARTA (JP): It is interesting that no major company in Indonesia has gone bankrupt.

Wiranto and immigration

Wiranto and immigration The leaders of the Indonesian Military (TNI) are disputing the reports of both the UN High Commissioner for Human Rights and Indonesia's Commission of Inquiry into Human Rights Violations in East Timor.Lt. Gen. (ret.

Telkom's partners agree to put investment on hold

Telkom's partners agree to put investment on hold JAKARTA (JP): Joint operation (KSO) partners of state-owned telecommunications firm PT Telkom have agreed to suspend investment plans until a contractual dispute with the domestic telecommunications provider is settled.

Big hotels pessimistic about occupancy rates on New Year's

Big hotels pessimistic about occupancy rates on New Year's DENPASAR, Bali (JP): Expensive hotels in Bali might receive fewer guests at the turn of the new millennium due to a decline in foreign tourist arrivals on the resort island.

DHL, National Gobel sign deal

DHL, National Gobel sign deal JAKARTA (JP): PT Birotika Semesta/DHL Worldwide Express signed an agreement with PT National Gobel to handle express deliveries of Gobel's export and import related documents and freight requirements, DHL said on Thursday.

Lowest inflation in Korea

Lowest inflation in Korea SEOUL (DPA): The inflation rate in South Korea in 1999 fell to 0.8 percent, its lowest level in 35 years when the country started compiling such statistics, the Finance Ministry said Thursday.In 1998, the annual inflation rate was 7.5 percent, it said.

Man killed in row over girlfriend

Man killed in row over girlfriend BOGOR (JP): Syamsuddin alias Obos, 20, a resident of Kampung Setu in Ciseeng of Parung district here, died on the way to Bhakti Yudha Hospital on Wednesday after he was assaulted in a fight about a woman.

Bapepam rejects Bank Bali's rights issue plan

Bapepam rejects Bank Bali's rights issue plan JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) refused on Thursday to approve Bank Bali's controverisal rights issue plan due to inadequate information disclosure.Freddy R.

It's party time to mark the millennium

It's party time to mark the millennium JAKARTA (JP): Count Jakarta in among the world's major cities where party organizers are gearing up to put on the biggest bash of all time.Time to quell those fears about computer systems dying on the big night and instead size up the choices for the...

Maluku riots spread, 265 die in Halmahera

Maluku riots spread, 265 die in Halmahera JAKARTA (JP): At least 265 people have been killed in clashes between Christians and Muslims on Halmahera island in North Maluku over the last three days.The number of casualties brought the death toll in sporadic communal clashes across the spice islands...

Jakarta bourse the world's third best performing market

Jakarta bourse the world's third best performing market JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) ended the year with a 70 percent gain, making the bourse one of the world's best performing markets.

Police foil export of workers

Police foil export of workers MAUMERE, East Nusa Tenggara: Police in the Sikka regency have foiled the illegal export of 64 workers to Malaysia.Sikka Police chief Lt. Col. Jimmy Sinaga said on Wednesday a man identified as Bernardus Parera was arrested for allegedly sending the migrant workers...

Genta Budaya gala postponed

Genta Budaya gala postponed BOGOR (JP): The Genta Budaya 2000 Nusantara, a New Year's cultural celebration planned to mark the millennium, has been postponed because the Bogor administration will not issue a permit for Dec. 31.

Student rallies on the rise in 2000

Student rallies on the rise in 2000 YOGYAKARTA: The number of student rallies is expected to rise here next year, but police are much more wary of the rising crime rate.Yogyakarta Police chief Brig. Gen.

Sound of giant gong anticipated by all

Sound of giant gong anticipated by allBy Ahmad Solikhan JAKARTA (JP): Although Trimanto Wiguna is not a detective novelist, he is just as apt at creating suspense.The 70-year-old man from the Central Java ancient city of Surakarta has stirred quite a sensation with a gong he created.

Government to let select toll road projects continue: Rozik

Government to let select toll road projects continue: Rozik JAKARTA (JP): The government will allow half-finished toll road projects to continue amid signs of economic recovery, State Minister of Public Works Rozik Boedioro Soetjipto said.

President returns to Sri Lanka

President returns to Sri Lanka COLOMBO (Reuters): Sri Lankan President Chandrika Kumaratunga, returning home after treatment for wounds suffered in an assassination bid, said on Thursday she would probably lose her sight in one eye but vowed to pursue peace.

Citibank incompetence

Citibank incompetence On Nov. 1, 1999, I went to my Citibank branch in Pondok Indah Plaza to transfer US$500 to a relative in Khartoum, Sudan. I handed the teller the money in cash, filled out the necessary transfer order and paid an extra Rp 50,000 for the telex transfer cost.

Makassar students urge President to act on Ambon

Makassar students urge President to act on Ambon MAKASSAR, South Sulawesi (JP): Some 100 protesting students intercepted visiting President Abdurrahman Wahid's entourage on Thursday to demand the government promptly resolve the violence in Ambon.

RP official to legalize Indonesians

RP official to legalize Indonesians MANILA (DPA): The Philippines' immigration office has urged his government to grant permanent resident status to almost 7,000 Indonesians illegally staying in the southern region of Mindanao "for the past three generations".