Indonesian Political, Business & Finance News

Archive: 22 February 1999

42 articles found

No Telkom staff involved in phone tap: Nasution

No Telkom staff involved in phone tap: Nasution BANDUNG (JP): President of state-owned telecommunications company PT Telkom Asman Akhir Nasution insisted there was little possibility Telkom officials were involved in the reported taping of a phone conversation between President B.J.

NZ and Australia united over East Timor's future

NZ and Australia united over East Timor's future QUEENSTOWN, New Zealand (AFP): The New Zealand and Australian governments have agreed to consult each other on future actions to help East Timor as it approaches independence from Indonesia, NZPA reported on Sunday.

Irianese oppose PT Freeport's expansion plan

Irianese oppose PT Freeport's expansion plan JAKARTA (JP): Irianese tribal groups living near PT Freeport Indonesia's Grasberg copper and gold mine are not letting up in their opposition to the mining company's plan to increase production.

Malaysia's oppositions unite against Mahathir

Malaysia's oppositions unite against Mahathir KUALA LUMPUR (Agencies): Malaysia's two most powerful opposition parties said on Sunday they would set aside key differences and cooperate in an election strategy aimed at unseating Prime Minister Mahathir Mohamad.

Bank employees urged to form workers unions

Bank employees urged to form workers unions JAKARTA (JP): Union leaders in the banking sector urged colleagues on Saturday to form unions in a desperate attempt to ease the impact of an expected layoff of some 30,000 workers in the near future.

Bankers face difficulties raising cash

Bankers face difficulties raising cash JAKARTA (JP): Bankers have admitted that they are facing difficulties in obtaining the required 20 percent bank recapitalization funding amid the current economic crisis.

Pelita Harapan University produces first graduates

Pelita Harapan University produces first graduates TANGERANG (JP): Pelita Harapan University -- dubbed the country's most expensive university -- marked its first graduation day on Saturday in a modest but joyful ceremony at its campus in Karawaci, Tangerang, west of Jakarta.

Council for People's Economy to be set up before elections

Council for People's Economy to be set up before elections JAKARTA (JP): Controversial Minister of Cooperatives and Small Enterprises Adi Sasono said on Saturday that the Council for the Development of the People's Economy would be launched before the general election in June.

Malaysian toll rate protest

Malaysian toll rate protest KUALA LUMPUR (AFP): More than 200 people from various opposition parties staged a peaceful antigovernment demonstration in the Malaysian capital on Sunday to denounce the imposition of higher toll rates.

Team of Eleven begins examining poll contestants

Team of Eleven begins examining poll contestants JAKARTA (JP): Members of the Team of Eleven, which is entrusted with the selection of poll contestants, begin their trips to provinces and regencies on Monday to investigate the suitability of political parties applying to contest the June 7...

On capture of Ocalan

On capture of Ocalan The government of Turkey will be sorry that the leader of the Kurdish underground, Abdullah Ocalan, was captured. The Kurds will express their feelings not only in the streets of Europe but also through terror acts in Turkey.

Summers begins Asian tour to obtain feedback

Summers begins Asian tour to obtain feedback SINGAPORE (AFP): U.S. Deputy Treasury Secretary Lawrence Summers launched a five-nation Asian tour here Sunday to get feedback on how the region was coping with a rapid economic slowdown caused by the prolonged financial crisis, officials said.

Indonesian stock market set to drift this week

Indonesian stock market set to drift this week JAKARTA (JP): Stock trading on the Jakarta Stock Exchange (JSX) is likely to increase slightly this week after last week's silence in the regional market, analysts said.

Asian banks face tough competition

Asian banks face tough competition SINGAPORE (AFP): Asian banks face fierce competition in attracting deposits as a result of the regional financial crisis, which has forced them to streamline operations, a poll of 50 banks in seven economies showed.

Trade promotion center opens in Batam

Trade promotion center opens in Batam JAKARTA (JP): Minister of Trade and Industry Rahardi Ramelan opened a trade promotion center in Batam on Saturday with a special plug for export-oriented handicrafts.

Singapore expects more 'RI accusations'

Singapore expects more 'RI accusations' SINGAPORE (AFP): Elder statesman Lee Kuan Yew has warned Singaporeans, labeled as "real racists" by Indonesian President B.J. Habibie recently, to brace themselves for more accusations and attacks due to Asia's economic problems.

800 RI students drop out in Malaysia

800 RI students drop out in Malaysia SAMARINDA, East Kalimantan: The economic crisis has been blamed for the local education office's inaction over 800 Indonesian children who dropped out of elementary and secondary school in neighboring Tawao, Sabah, East Malaysia.

Archeological forum, expo held

Archeological forum, expo held JAKARTA: The World Archeological Wonders International Conference and Exhibition opened on Sunday at Borobudur Temple in Yogyakarta. The opening was attended by scholars, heritage site managers and policy makers from home and abroad.

Two 'ojek' drivers arrested over Jl. Sabang blast

Two 'ojek' drivers arrested over Jl. Sabang blast JAKARTA (JP): Police have arrested two ojek (motorcycle taxi) drivers in connection with a bomb blast which damaged a vacant department store on Jl. H. Agus Salim in Central Jakarta early last month, an officer said on Saturday.

Nationalism may be an infantile disease

Nationalism may be an infantile diseaseBy David Jardine JAKARTA (JP): "Nationalism," the great scientist Albert Einstein once said, "is the measles of mankind, an infantile disease." It is often rather easy to agree with him.

Student jumps from 5th floor to death

Student jumps from 5th floor to death JAKARTA (JP): A Sahid University student jumped to his death on Saturday from the fifth floor of the privately run university building on Jl. Soepomo, Tebet, South Jakarta.

Soeharto chides ex-aides for faulting him

Soeharto chides ex-aides for faulting him JAKARTA (JP): Former president Soeharto has lashed out at a number of his former ministers, who, upon facing questions about their New Order record, shunned their responsibilities and lay the blame on him.Soeharto described to Yusuf A.R.

Govt lifts ban on sending workers to Saudi Arabia

Govt lifts ban on sending workers to Saudi Arabia JAKARTA (JP): Talks between Saudi Arabia and Indonesia have resulted in lifting a temporary ban on sending workers to Saudi Arabia starting March 1.Both countries also agreed to respect their respective labor laws in a bid to overcome problems of...

Ernst & Young no newcomer

Ernst & Young no newcomer Thank you for covering the story on Ernst & Young, Hanadi, Sarwoko $ Sandjaja on page eight of The Jakarta Post on Feb. 19, 1999, titled Ernst & Young tie up with local firms.However, we need to inform you there is an inaccuracy in the article.

GFB Resources will suspends Camar production

GFB Resources will suspends Camar production CALGARY (Dow Jones): Carmanah Resources Ltd. said its GFB Resources (Java) Ltd. unit will temporarily suspend production at the Camar Field in the Java Sea offshore Indonesia, during the first week of March.

120,000 phone lines returned to Telkom

120,000 phone lines returned to Telkom JAKARTA (JP): About 120,000 phone lines in the capital were returned to state-owned telecommunications operator PT Telkom last year for various reasons, an executive at the firm said on Sunday.

BI upbbeat about economy amid unrest fears

BI upbbeat about economy amid unrest fears AMSTERDAM (Dow Jones): Bank Indonesia Governor Sjahril Sabirin Friday said he was "optimistic" that despite possible domestic and international disruptions, Indonesian inflation and the rupiah will stay within the levels targeted by the government in its...

A goodwill gesture

A goodwill gesture The government's decision to raise regional minimum wages by an average of 16 percent could easily be taken as a gross insult considering the country suffered inflation of 77 percent in 1998.

PWI hands over donations

PWI hands over donations JAKARTA (JP): The Indonesian Journalists Association (PWI) gave food donations to seven city orphanages and scholarships to 200 children of widows of city journalists on Sunday.

Councilors vow to fight for more funds for road repairs

Councilors vow to fight for more funds for road repairs JAKARTA (JP): Two senior city councilors have vowed to fight for more funds for road repairs in the capital in the 1999/2000 city budget, which starts on April 1.

The vacant throne

The vacant throne Where? Here! Why? I have no idea! But it was a reader of The Jakarta Post who exploded that Indonesians are arrogant for not sending a dignitary to Amman on the occasion of King Hussein's demise recently while the ill Russian leader, Boris Yeltsin, left his sickbed to pay his last...

Damaged buildings can be renovated

Damaged buildings can be renovated TANGERANG (JP): Local authorities have given approval for renovating four shopping centers and a hotel which were burned and damaged during massive riots last May, an official said on Saturday.

Distrust in commercial court

Distrust in commercial court JAKARTA (JP): Sudjono, deputy chairman of the Indonesian Bar Association, deplored the increasing preference among Indonesian bankers to settle disputes with debtors at the high court in Singapore as lack of nationalism.

Bomb scare diverts Merpati flight in E. Timor

Bomb scare diverts Merpati flight in E. Timor DILI (JP): A Merpati Nusantara Airlines flight carrying three prominent East Timor figures was diverted from Komoro Airport following a bomb scare, officials said.East Timor Governor Jose Osorio Abilio Soares, Police chief Col.

Austrian tourist, wife beaten by islanders

Austrian tourist, wife beaten by islanders TERNATE, North Maluku: Austrian tourist Marcus Hobbler, 29, and his Indonesian wife, Megawati Mangunsong, 21, were kidnapped and beaten on Thursday by several people in Dorarisa village on the island of Hiri, Antara reported.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Charity Painting Exhibition: Sri Hadhy, at World Trade Center, Jl. Jend. Sudirman Kav. 29-31, South Jakarta (Phone: 5211320), 10 a.m. to 9 p.m., until Feb. 28. * Painting Exhibition: by Lie Tjoen Tjay, Galeri Linggar, Jl. Kemang Timur No.

Rp 115 billion to repair markets

Rp 115 billion to repair markets JAKARTA: Rp 115 billion is needed to repair 11 marketplaces destroyed during last year's riots, said the Ministry of Public Works' director general for urban development, Gembong Priyono.Six out of the 11 markets are located in Jakarta.

What is corporate culture?

What is corporate culture?By Rahayu Ratnaningsih This is the first of two articles on corporate culture. JAKARTA (JP): Few terms have been so frequently defined, yet so widely misunderstood, as corporate culture.

Ministers assigned to visit Aceh warned of gravity of task

Ministers assigned to visit Aceh warned of gravity of task JAKARTA (JP): A team of six ministers assigned to visit Aceh have been warned of the gravity of its task given the deep public distrust, and even hatred, of the government due to former military operations in the northernmost province.

Darkness envelops Madura for 3rd day

Darkness envelops Madura for 3rd day JAKARTA (JP): Nights on Madura Island, East Java, are now pitch dark and most activities requiring electricity have halted following a power outage on Friday caused by damage to the undersea main power cable.

Hundreds of shoe factory workers poisoned

Hundreds of shoe factory workers poisoned BEKASI (JP): Hundreds of workers of shoe-manufacturing company PT Tong Yang Indonesia were admitted to at least five hospitals here for medical treatment on Thursday and Friday allegedly due to food poisoning at the factory's canteen.

Habibie enjoys music on a day of peace

Habibie enjoys music on a day of peace JAKARTA (JP): After a string of hectic days clouded by reports of a purported presidential conversation with his aide, President B.J. Habibie spent the weekend enjoying a musical show and giving advice on patience and self-control.