Indonesian Political, Business & Finance News

Archive: 12 February 1999

62 articles found

Police vow to come down hard on unruly students

Police vow to come down hard on unruly students JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman warned brawling students on Thursday that the police would no longer show them mercy, but would begin to take stern measures against those caught fighting in the streets.

Mashill to boost capital

Mashill to boost capital JAKARTA (JP): Publicly listed Bank Mashill will issue rights shares next month to partly finance its recapitalization program, the bank said on Thursday.It announced it was also seeking new investors to meet the minimum capital requirement set by Bank Indonesia.

Prostitutes opt for resettlement

Prostitutes opt for resettlement BOGOR (JP): Two of three prostitutes who have been regularly netted in raids against sex workers here agreed on Thursday to join the government-sponsored transmigration program, an official said.

Govt policy in handling aliens

Govt policy in handling aliensFrom Sinar PagiTelevision has recently aired reports on stay permits of aliens in Indonesia.Many among the foreign visitors are traders, contractors and so on. Not rarely does it happen that in order to facilitate matters they enter the country by illegal means.

NU holds cultural show

NU holds cultural show PURWOKERTO, Central Java: Tens of thousands of members of the Nahdlatul Ulama (NU) Muslim organizations and a large number of Chinese residents gathered here Wednesday for a cultural show organized by both groups.

German-trained group to dance at GKJ

German-trained group to dance at GKJ JAKARTA (JP): The modern dance group Kreativitat Dance Indonesia will stage five pieces at the Gedung Kesenian Jakarta (GKJ) in Central Jakarta on Friday and Saturday.

City to check IDs in weeklong operation

City to check IDs in weeklong operation JAKARTA (JP): The city administration will launch a week-long ID card operation in the city's five mayoralties in a bid to check whether newcomers entering the capital have adequate documents, Governor Sutiyoso said on Wednesday.

Dhaka summit for developing

Dhaka summit for developing DHAKA (AFP): Five leaders have confirmed they will attend a summit of eight developing nations in the Bangladesh capital from March 1, a foreign ministry spokesman said here on Thursday.Indonesian President B.J.

Military must quit political arena: Observer

Military must quit political arena: Observer JAKARTA (JP): Indonesia will never become a democratic country unless the Armed Forces (ABRI) withdraws from the national political stage, an outspoken retired general said."ABRI's pullout from politics is an absolute requirement for democracy.

Shoot on the spot

Shoot on the spotFrom Media IndonesiaI was startled on hearing that Minister of Defense and Security/Armed Forces (ABRI) Commander had issued an order to shoot all rioters on the spot.At a time when the people do not trust ABRI and almost hate it, why did he make the statement? I am afraid the...

Ali Yafie installed to head MUI

Ali Yafie installed to head MUI JAKARTA (JP): Senior scholar Ali Yafie was installed by Minister of Religious Affairs A. Malik Fadjar on Thursday as the chairman of the Indonesian Ulemas Council (MUI), replacing Hasan Basri who died last November.

Suwandi RI's first singles in Davis Cup

Suwandi RI's first singles in Davis Cup JAKARTA (JP): Indonesia made a last-minute change to its lineup for a Davis Cup Asia Oceania Group II match against Qatar in Doha starting Friday, naming Suwandi its first singles choice instead of Febi Widhiyanto.

Rupiah falls slightly lower as stocks surge 1 percent

Rupiah falls slightly lower as stocks surge 1 percent JAKARTA (JP): The rupiah fell against the U.S. dollar on Thursday, closing weaker at 8,700 in thin trading while stock prices edged up 1 percent.Currency dealers said that the rupiah, which managed to advance against the greenback the previous...

CMEL buying shares in local securities firm

CMEL buying shares in local securities firm JAKARTA (JP): Caribbean-based investment consortium Capital Middle East Ltd. (CMEL) is buying up to 19 percent of shares of securities firm PT Bhakti Investama to pave the way for its expansion into the Indonesian capital market.

PKB nominates Gus Dur for presidency

PKB nominates Gus Dur for presidency PURWOKERTO, Central Java (JP): The National Awakening Party (PKB) has decided to nominate Nahdlatul Ulama (NU) chairman Abdurrahman Wahid as its presidential candidate, while deputy chairman Said Agil Siradj is said to be ready to take the helm of Indonesia's...

Dharmala seeks new partners

Dharmala seeks new partners JAKARTA (JP): Bank Dharmala is seeking foreign investors to help fund its recapitalization program, the bank said on Thursday."The bank has appointed Hong Kong Shanghai Bank Corporation as its financial advisor whose task is to negotiate with prospective investors,"...

Student suing ABRI chiefs over abuse

Student suing ABRI chiefs over abuse JAKARTA (JP): A female student of Indonesian Christian University (UKI) has announced that she will sue the Jakarta Military commander, the Army chief of staff and the Armed Forces commander for alleged physical abuse at the hands of soldiers.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 11, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,575.00 8,675.00 8,575.00 8,725.00Australian dollar 1 5,515.20 5,655.10 5,415.00 5,715.00Austrian schilling 1 701.65 716.79 - -Belgian franc 1 239.

People's Economy

People's Economy The controversial people's economy concept, which Minister of Cooperatives and Small Enterprises Adi Sasono has staunchly promoted since last June, has gained endorsement from the quarter considered most important for its advancement.

RI urges tighter control on global financial system

RI urges tighter control on global financial system JAKARTA (JP): Indonesia has called for tighter control on inflows of offshore funds to avert another financial crisis in the future.Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said on Wednesday that tighter...

Bangladesh nears political crisis after the floods

Bangladesh nears political crisis after the floodsBy Anis Ahmed DHAKA (Reuters): Bangladesh is approaching political crisis only six months after devastating floods brought the nation to its knees, diplomats said on Wednesday.

Goverment says no threat from World Bank

Goverment says no threat from World Bank JAKARTA (JP): The government denied reports on Thursday that the World Bank had threatened to stop funding the country's social safety net program because of the ineffective distribution system.

PC market in Asia back to pre-crisis golden age

PC market in Asia back to pre-crisis golden age SINGAPORE (AFP): Asia's market for personal computers (PCs) returned to pre-crisis levels in the last quarter of 1998, boosting hopes of a rebound in the regional market this year, a research firm said Thursday.

City to get tough on prostitutes

City to get tough on prostitutes JAKARTA (JP): The city administration is determined to continue its efforts to clean up the illegal operation of prostitutes and miscreants on the city's streets, despite the resistance to its operations, an officer said.

Six killed as bus burst into flames

Six killed as bus burst into flames BANDARLAMPUNG, Lampung: A bus with 42 people on board collided with a truck and burst into flames at Bandardalam village, South Lampung, Wednesday morning, killing six people and injuring tens of others.

Anwar alleges Mahathir wanted to 'finish me off'

Anwar alleges Mahathir wanted to 'finish me off' KUALA LUMPUR (AFP): Ousted Malaysian deputy premier Anwar Ibrahim told on Thursday of a face-to-face confrontation with Prime Minister Mahathir Mohamad, whom he accused of wanting to "finish me off.

Fast solution on E. Timor favored

Fast solution on E. Timor favored JAKARTA (JP): President B.J. Habibie dropped another bombshell on Thursday. He wants to see an independent East Timor by January 1 next year.The announcement came nearly two weeks after his shocking motion to grant the disputed territory independence from Indonesia...

Unrest hampers distribution, causes increased costs: Eva

Unrest hampers distribution, causes increased costs: Eva NUSA DUA, Bali (JP): PT Indofood Sukses Makmur expressed concerns on Thursday over increasing political and social tension in the country, saying that it could hamper distribution of the company's products.

Retired House members spoiled

Retired House members spoiledFrom Bisnis IndonesiaI agree with Laica Marzuki, a constitutional law expert of Hasanuddin University, who said the government should review the pension of members of the House of People's Representatives (DPR) because it is much higher than the pension received by...

Ax to fall on ailing banks on Feb. 27

Ax to fall on ailing banks on Feb. 27 JAKARTA (JP): President B.J. Habibie said on Thursday that the government would close down a number of ailing banks on Feb. 27 as part of its program of cleaning up the country's crowded and weak banking industry.

PSC scheme no longer obligatory: Kuntoro

PSC scheme no longer obligatory: Kuntoro JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Thursday that oil and gas companies will no longer be required to adopt the production sharing contract (PSC) scheme for future oil and gas projects.

Three defendants admit kidnapping

Three defendants admit kidnapping JAKARTA (JP): Three of the 11 members of the Army Special Forces (Kopassus) charged with abducting political activists in the last months of Soeharto's rule admitted on Thursday they had kidnapped some of them.Chief Sgt. Sunaryo, Chief Sgt.

Floods in South Sulawesi claim two lives, thousands flee

Floods in South Sulawesi claim two lives, thousands flee JAKARTA (JP): Two people have been killed in flooding spanning three days in Kendari, Southeast Sulawesi, with thousands forced to flee to safer areas.

Yogyakartans pay homage to Romo Mangun

Yogyakartans pay homage to Romo Mangun YOGYAKARTA (JP): Thousands of people here paid homage on Thursday to the Catholic priest, social worker, writer and architect Y.B. Mangunwijaya, who died at 69 of heart failure in Jakarta on Wednesday.

Angry villagers set of fire suspected motorcycle thief

Angry villagers set of fire suspected motorcycle thief JAKARTA (JP): An alleged motorcycle thief was mobbed and burned alive on Wednesday evening by dozens of people at Cibening village in Bekasi after he was apparently caught attempting to steal the bike from a parking lot.

Explosion hits riot-torn Ambon

Explosion hits riot-torn Ambon JAKARTA (JP): An explosion believed to be from a bomb thrown near an Islamic school shook the riot-torn city of Ambon in Maluku province, Antara reported on Thursday.An unidentified witness was quoted by the news agency as saying the explosion in Batu Merah village in...

KL puts gag on health officers

KL puts gag on health officers KUALA LUMPUR (AFP): Malaysia has gagged all its state health departments from making statements about the fatal Japanese encephalitis virus which has claimed 14 lives in four months, a report said on Thursday.

Mia Audina's marriage plan sparks family feud

Mia Audina's marriage plan sparks family feud JAKARTA (JP): Mia Audina's passage to the altar faces an early test from her own father, Rivan Tjiptawan, who worries that her beleaguered career will instead hit a new low.

BI not budging from high interest rates

BI not budging from high interest rates JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Thursday the tight monetary policy would remain in place as uncertainty continued to put pressure on the rupiah and prodded inflation in the run-up to the June general election.

Mocking social injustices, political chaos with artwork

Mocking social injustices, political chaos with artworkBy Tjahjono Ep. YOGYAKARTA (JP): This year's ongoing Bienniale Fine Art VI exhibition in Yogyakarta is considered an important art show as it is taking place at the turn of the second millennium.

Bible in Sentani dialect launched

Bible in Sentani dialect launched JAYAPURA, Irian Jaya: Missionary Dwight Hasler of the Kemah Injil Indonesia Church here has launched an edition of the New Testament in the local Irianese dialect of Sentani, Antara reported on Thursday.

Survivor and dead body found from ill-fated ship

Survivor and dead body found from ill-fated ship JAKARTA (JP): A bedraggled survivor and the first dead body from KLM Arta Rimba, the ship with more than 325 people aboard which sank near the West Kalimantan coast on Sunday, were found on Thursday.

Forest rangers needed

Forest rangers needed SAMARINDA, East Kalimantan: At least 2,000 forest rangers are needed to protect its 17 million hectares of forest from illegal felling and fires, Antara reported.Quoting forestry office chief H.

Indonesia set to export more instant noodles

Indonesia set to export more instant noodlesBy Riyadi NUSA DUA, Bali (JP): Indonesia should be able to export more instant noodles in the coming years following the government's approvals for the operation of 13 new noodles companies, a senior official at the Ministry of Industry and Trade said...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 11, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 10,000 Alumindo Light Metal 350 -50 689,500 Alumindo...

Photo exhibition on children

Photo exhibition on children JAKARTA (JP): The French Cultural Center is holding a 16-day photo exhibition on children of the lower income bracket at its compound on Jl. Salemba Raya 25, Central Jakarta.

Workers strike over fraud claims

Workers strike over fraud claims TANGERANG (JP): About 1,000 workers of shoe manufacturing company PT Mitra Kumkang Shoes went on strike here on Monday, claiming that the management has for eight years been embezzling the Jamsostek social security funds meant for workers.

Honda forms joint venture to strengthen RI operation

Honda forms joint venture to strengthen RI operation JAKARTA (JP): Japan's Honda Motor Co. Ltd. set up a joint venture with local partner PT Prospect Motor on Thursday in a bid to boost its automotive operations in the country.

Sri Lanka to excavate alleged mass grave

Sri Lanka to excavate alleged mass grave COLOMBO (AP): Sri Lanka's government announced on Thursday it would begin excavating the site where 300 Tamil civilians believed murdered by the military may be buried, and invited human rights groups and journalists to witness the investigation.

'I've already said my apologies': Soeharto

'I've already said my apologies': Soeharto JAKARTA (JP): In response to demands that former president Soeharto apologize for his alleged wrongdoings and be brought to trial, Soeharto himself has said a further apology was not needed as he had already given one while in power.

Unocal drills oil in Seno

Unocal drills oil in Seno EL SEGUNDO, Calif. (Dow Jones): Unocal Corp. (UCL) said three intervals of a deepwater appraisal well in the West Seno field offshore East Kalimantan, Indonesia, is flowing at a combined rate of 19,344 barrels of oil and 18.6 million cubic feet of gas a day.

Officers told to quit on road to political career

Officers told to quit on road to political career JAKARTA (JP): Army Chief of Staff Gen. Subagyo Hadisiswoyo reiterated on Wednesday that members of the Armed Forces (ABRI) must end their active service or become civil servants if they wish to assume official postings outside the military.

Crooks impersonate soldiers, steal van

Crooks impersonate soldiers, steal van JAKARTA (JP): Five men, three of them wearing military uniforms, stole a motorist's vehicle by pretending to conduct a morning raid on a street in East Jakarta on Thursday.

Rice production will fall short of target

Rice production will fall short of target JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin said on Thursday that he feared the country's unhusked rice production would not meet the set target of 52 million metric tons this year because of a longer than expected rainy season.

Estrada to meet insurgent chief

Estrada to meet insurgent chief MANILA (AFP): A scheduled meeting between Philippine President Joseph Estrada and the head of an insurgent group will take place on "neutral ground" on the southern Philippine island of Mindanao, Estrada said on Thursday.

Retired officials told to part with official cars

Retired officials told to part with official cars JAKARTA (JP): Former officials of the North Jakarta mayoralty were reluctant to hand over 19 government cars to the office, even though they had long been retired, head of the city supplies office Dadang Ruskandar said on Wednesday.

SE Asian monies move higher

SE Asian monies move higher SINGAPORE (Dow Jones): Southeast Asian currencies generally moved higher against the U.S. dollar on Thursday, as traders took advantage of a lackluster dollar-yen market to take profit by selling the dollar against regional currencies.

Aceh and ABRI

Aceh and ABRIFrom D&RAn interview published in D&R magazine on Jan. 16 with Prof. Nazaruddin Sjamsudin, a professor at the University of Indonesia has stimulated me to respond. The article concerned the inappropriate attitude of the Armed Forces (ABRI), particularly in Aceh.

Politicians win court case

Politicians win court case BANGKOK (AP): Thailand's Constitutional Court ruled on Thursday that an opposition political party violated the charter by expelling 12 of its lawmakers who defected to the government.

Gelora denies SEAG consortium payment

Gelora denies SEAG consortium payment JAKARTA (JP): The Gelora Senayan management board denied reports that it had received payment from the 19th Southeast Asian (SEA) Games underwriting consortium, executive director Yasidi Hambali said on Thursday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Pesona Nusantara, at Galeri Foto Cahya, Plaza Menteng, 2nd floor, C7-8, Jl. H.O.S. Cokroaminoto 79, Menteng (Phone: 3907623), Central Jakarta, 10 a.m. to 8 p.m., until Feb. 25.

70-year-old granny arrested

70-year-old granny arrested BALIKPAPAN, East Kalimantan: Balikpapan police early this week arrested a 70 year-old drug-dealing grandmother, identified as Mbah Ning, alias Sumarni, Antara said."I deeply regret it.