Indonesian Political, Business & Finance News

Archive: 31 December 1999

50 articles found

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 Bali from Thursday Dec. 30, 1999, to Jan. 4, 2000. The film week, officially opened by Italian ambassador to Indonesia Carlo Marsili on Dec.

Conversion Rates

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

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. Bendungan Melayu, said his second son, Agung Legowo, was waiting at 5:30 a.m. for a bus to take him to work when a man slashed his back with a sharp weapon and fled.

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. Suwito said Murni Setiawati of Penjaringan, North Jakarta, withdrew $5,000 and Rp 70,000 from Standard Chartered Bank's headquarters on Jl. Sudirman and was passing Jl. Kebon Kacang when a man on a motorcycle stopped her Isuzu Panther van.

TV programs

TV programs Today TVRI 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 Program 9:00 World News 9:55 New Year Eve Program Program 2 4:30 p.m. Documentary 5:00 Ramadhan Program 6:00 City News 6:30 News (in English) 7:00 Evening News 7:30 Performance TPI 5:30 a.m.

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. Sutiyono said he had asked the Golkar-affiliated youth group to surrender its member who allegedly stabbed a Mobile Brigade soldier, Second Sgt. Afriandi, and beat him up on Tuesday. "But they did not heed our call.

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. Chairman of the event's committee Bagus Baliantoro said out of the 142 tourists who had booked seats for the performance, only 35 had confirmed them.

Stock Exchange

Stock Exchange Stock 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 99,000 Aneka Kimia Raya 550 0 0 Aneka Tambang (Persero) 1,400 25 149,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

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 1.5 meter and 2 meters wide, along Jl. Raya Wangon and Jl. Raya Ngijo. The roads link Banyumas and Kebumen. "It's very dangerous to drive on the roads.

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. "I would like to apologize for past military violence and I call on the people to stop condemning the military," he told a gathering of local community leaders.

Police need to thaw cold relations with public

Police need to thaw cold relations with public By 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 the National Police (Polri).

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 collapsed authoritarian and corruption- ridden New Order regime of president Soeharto and its brief extension under president B.J. Habibie.

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.

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. Mahathir was speaking at the opening of the International Conference of Religious Studies Meeting the Millennium which is aimed at promoting peace and creating an understanding between various religious denominations.

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. Amir said on Thursday the number of homegrown franchises, most of them small and medium-size companies, had grown by 12.5 percent over the past four years. This compares to a some 10 percent drop in the number of foreign-based franchises.

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 village, Pagak district, Malang, some 90 kilometers south of Surabaya. Witnesses said she suffered severe slash wounds to her back and her house was also torched by a mob.

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. "It happened on Wednesday afternoon right after I dropped off my employer's child at Kelapa Gading Mall in East Jakarta," Samiyo told the media in PMI Bogor Hospital on Thursday. "I parked the car and a man approached me.

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. Responding to results of an audit on the fund by independent auditor Ernst & Young, Nur Mahmudi acknowledged that there had been leakages and inefficiencies in management of the fund.

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. Kahono, at Galeri Foto Cahya, Plaza Menteng, 2nd floor, Jl. H.O.S. Cokroaminoto 79, Menteng (Phone: 3907623), Central Jakarta, 10 a.m. to 8 p.m., until Jan. 1.

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. Pudji Hartanto said on Wednesday his office identified the three suspects at large. "Ron, who is under police custody, provided us with the names of the other three. They are wanted by the police for other crimes," Pudji said.

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 licenses to drivers. UPC chairwoman Wardah Hafidz said the registration was meant to ascertain the actual number of pedicabs and pedicab drivers in Jakarta.

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.

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). Perbasi executive director, Sri Sudono Sumarto, announced on Thursday that based on decision letter numbered 219/PB/XII/1999, the punishment for Panasia would be effective from Dec. 23 to June 23, 2000.

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 independent auditor Ernst & Young Consulting. Preparations to anticipate the Year 2000 (Y2K) problem began in 1998 with Ernst & Young auditing its readiness on Nov. 15, 1999, KSEI said.

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. Stock and bond markets in Japan, South Korea, Hong Kong, Indonesia, the Philippines, Thailand, Taiwan and Singapore will be closed on December 31 to give banks and brokerages enough time to prepare for the millennium change.

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". Immigration Commissioner Rufus Rodriguez said legalizing the stay of the Indonesians would be the best solution to their "stateless status", noting it would be difficult to force them out of the country.

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. The students from the Association of Makassar Muslim Students halted the President's entourage, including Indonesian Military Commander Adm.

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. The teller confirmed to me that the transfer would take two or three days. By mid-November, I was surprised to learn from my relative back home that the money had still not arrived.

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. Government officials said she had resumed her duties after an absence of just over a week from the capital for treatment in London.

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. "We are currently listing all toll road projects that have been put on hold to see whether they can continue. The projects which are half-finished will be given priority to continue," Rozik said on Tuesday during a visit to The Jakarta Post.

Sound of giant gong anticipated by all

Sound of giant gong anticipated by all By 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. The big deal is its unusual size: almost six meters in diameter. It weighs 3,000 kilograms.

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. Dadang Sutrisno said in a year-end conference on Wednesday that more student rallies would occur as a consequence of the government's economic recovery program, which remains uncompleted. "It's quite normal in this era of openness.

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. About 200 artists who were to perform at the gala, and who have already checked into Hotel Salak, are disappointed with the cancellation. The event has been postponed to one or two weeks after the Idul Fitri celebration.

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 without proper documents.

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. According to data compiled by the Indonesian Capital Market Supervisory Agency (Bapepam), the JSX ranked third among the world's best performing markets in 1999 after South Korea's Seoul and Singapore stock exchanges.

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 of Maluku to nearly 330 since the new wave of violence broke out on Sunday, just after a peaceful Christmas.

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. "The idea to (temporarily) move some flights to Halim Perdanakusuma airport came from Minister of Communications Lt. Gen.

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. Saragih, the head of Bapepam's Corporate Financial Analysis Bureau, said the management of Bank Bali failed to meet the disclosure requirement to carry out its limited public offering proposal.

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. "The victim was angry when he found out that Neneng was also dating a man named Dede alias Jabir," said Bogor Police detective chief First Lt. Santun Marpaung. Syamsuddin searched for Dede and found him in a house in Kampung Nalang Tengah.

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. Consumer price index in December was 1.4 percent higher than the year-earlier month and down 0.2 percent from November 1999.

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. The agreement, which was signed last week, follows an evaluation of Gobel by DHL with an eye on developing a customized solution to improve the company's current export and import process.

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. Andisuari Nehen, public relations manager of the five star diamond-rated Grand Hyatt hotel in Nusa Dua, said the occupancy rate was expected to remain normal despite the special event.

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. President of Cable & Wireless Mitratel Philip W. Green, who spoke on behalf of the partners, said on Wednesday evening that daily activities would continue. "It will be business as usual on January 1 onward.

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.) Mantiri said very emotionally in an interview on SCTV: "We have to be objective when writing such reports and we shall not accept foreign interference," but he didn't say how objective it could have been... with or without any kind of interference.

Resistance to change can sink companies

Resistance to change can sink companies By 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. In other countries, companies that do not perform, for whatever reason, are not so lucky, many go bankrupt. Lack of performance may not be directly related to poor past management but more to the inability to change to a better way of management for the future.

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.

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. There will be no strip shows in cafes or bars as happened last year," he said.

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 also be the changing of the millennium.

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. A poll conducted by Jayabaya University found that despite the prevailing climate of democracy, urban dwellers had little faith in the government's ability to bring peace and security to the country by resolving regional tension.

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 once-in-a- lifetime opportunity to bring in a millennium. Jakartans who want to spend the night at Ancol Beach in North Jakarta will be in for a rare treat in marking the celebration.