Indonesian Political, Business & Finance News

Archive: 24 February 1999

55 articles found

Irian Jaya separatist leader hails planned talk

Irian Jaya separatist leader hails planned talk NEW YORK (Antara): The leader of the Free Papua Organization, John Ondawame, has welcomed the planned dialog between the Irianese and President B.J. Habibie at Merdeka Palace, Jakarta, on this coming Feb. 26. "Through the dialog Habibie can listen directly to the inner voice and aspirations of the Irian Jaya people.

Yen's rebound boosts SE Asian currencies

Yen's rebound boosts SE Asian currencies SINGAPORE (Dow Jones): Although a rebound in the Japanese yen lent strength to most Southeast Asian currencies during regional trading hours on Tuesday, the Singapore dollar failed to benefit, slumping to a fresh five-month low against the U.S. dollar. After the U.S. dollar broke above trendline resistance at S$1.7180 in early trading, a brief flurry of stop-loss buying pushed the U.S. currency as high as S$1.7225, its highest level since Sept. 23.

Officials destroy jackpot machines

Officials destroy jackpot machines TANGERANG (JP): The prosecutor's office in Tangerang destroyed 26 jackpot machines and 742 counterfeit bills, mostly Rp 10,000 notes, on Monday, an official said. "The elimination of the goods was done legally," Pudji Basuki, the head of the general crime unit at the prosecutor's office, said without giving details.

Another lesson for motorist

Another lesson for motorist JAKARTA (JP): A lone motorist fixing a flat tire on his car on a lonely street in Kemayoran, Central Jakarta early Monday, was robbed by a group of six, who first posed as kindly-hearted men. Agung Adianto, 28, a resident of Poncorawis in Purwokerto, Central Java, handed over his cellular phone, wristwatch, gold necklace and Rp 150,000 in cash after being threatened with a knife by one of the street criminals. According to Jakarta Police spokesman Lt. Col.

Akaindo settles dispute amicably

Akaindo settles dispute amicably JAKARTA (JP): The city water contractors' association (Akaindo) amicably settled its dispute with city-owned water company PDAM Jaya and its two foreign partners -- Pam Lyonnaise Jaya (Palyja) and Thames Pam Jaya (TPJ). The head of Akaindo, Win Gaza, said on Monday that a memorandum of understanding to end the dispute was signed by representatives of Akaindo and PDAM Jaya's partners on Jan. 6.

ABRI to summon Prabowo soon

ABRI to summon Prabowo soon JAKARTA (JP): Minister of Defense/Armed Forces Commander Gen. Wiranto said on Tuesday he would summon Lt. Gen. (ret.) Prabowo Subianto, former chief of the Army's Strategic Reserves Command (Kostrad), to question him about a meeting at Kostrad headquarters one day after violent rioting in the capital.

One shot dead in fresh Ambon violence, 10 injured

One shot dead in fresh Ambon violence, 10 injured JAKARTA (JP): At least one man was killed and 10 others injured on Tuesday after security personnel opened fire to disperse mobs of Muslims and Christians in the riot-torn Maluku capital of Ambon, officials said. Mintaihutu, a staff member at the emergency ward of the local general hospital, told The Jakarta Post the dead man was named Yosef Pelima. "He died from a bullet wound in his back while the other 10 have gunshot wounds.

First batch of haj pilgrims set to go

First batch of haj pilgrims set to go JAKARTA (JP): The first flight carrying Indonesians on the haj pilgrimage to Saudi Arabia was scheduled to take off late on Wednesday from Adisumarno Airport in Surakarta, Central Java. Renowned Nahdlatul Ulama scholar Mustofa Bisri and Director General for the Guidance of the Islamic Community and Haj Affairs Mubarak will start the massive operation at 10:30 p.m., Antara reported.

Bomb hoax disrupts sports congress

Bomb hoax disrupts sports congress JAKARTA (JP): A bomb threat which turned out to be just a hoax interrupted the second day of the three-day national sports congress at the Hotel Mulia Senayan in Central Jakarta on Tuesday morning.

Awards conferred on 10 art figures

Awards conferred on 10 art figures YOGYAKARTA: The provincial administration has conferred awards upon ten notable figures for their outstanding contribution to arts and cultural development, Antara reported on Monday. Yogyakarta Governor Sri Sultan Hamengku Buwono X presented the awards on Monday evening to Umar Khayam, Soedarso SP, Soedarsono, Damudoro Nuradyo, Iman Soetrisno, Ardiyanto Pranoto, Sri Murtini, Abidah El Khaliegy and Anto Soegiartono alias Manthous.

Timor Gap no bonanza: Downer

Timor Gap no bonanza: Downer SINGAPORE (AFP): Australian Foreign Minister Alexander Downer on Tuesday rejected fears of a Gulf-like scenario arising from any dispute over the potentially oil and gas rich Timor Gap area if East Timor becomes independent. He said Canberra believed a treaty governing the joint exploration of petroleum in the area between the troubled Portuguese colony of East Timor and Australia would continue to be enforced even if it had to be amended.

Civil servants to get 50 percent salary hike

Civil servants to get 50 percent salary hike JAKARTA (JP): The government and the House of Representatives agreed on Tuesday to revise the draft 1999/2000 state budget to allow for a 15 percent to 50 percent salary increase for civil servants and changes in other expenditures.

Recapitalized banks must focus on productive sectors

Recapitalized banks must focus on productive sectors NUSA DUA, Bali (JP): Recapitalized banks should focus on lending to productive sectors to help lift the country out of the present economic crisis, banker James T Riady said here on Tuesday. Speaking on the sidelines of a business forum here, James said banks should not repeat past mistakes by investing too much money in certain sectors while ignoring other areas.

A fair fiscal balance

A fair fiscal balance Like the bill on regional administration designed to give provinces and regencies more power over their political and administrative affairs, the draft legislation on striking a fiscal balance between the central government and local administrations aims at providing the latter with more control and a bigger share of their wealth. The bills therefore complement each other.

Concerned Philippines wants venue for Davis Cup moved

Concerned Philippines wants venue for Davis Cup moved JAKARTA (JP): The Philippines, citing security concerns, has requested the International Tennis Federation (ITF) move its Davis Cup Asia Oceania Group Two match against Indonesia in April from Jakarta.

Farmer dies three days after winning award

Farmer dies three days after winning award JAKARTA (JP): A farmer from North Sumatra, recently honored by President B.J. Habibie for his success in promoting the agricultural intensification program, collapsed and died on Monday at Gambir Railway Station, Central Jakarta. Muhammad Syapei, 42, a resident of Lubuk Rotan village in Perbaungan district, Deli Serdang regency, is believed to have died from a heart attack.

Two die, 129 infected in latest outbreak of dengue fever

Two die, 129 infected in latest outbreak of dengue fever JAKARTA (JP): Dengue fever has claimed two lives so far this year and 129 others have contracted the disease, an official of the city health agency said on Tuesday. Lindawati, the agency's public relations officer, said people should be on alert because the number of people being infected with dengue fever was on the increase. She cited as an example that on Feb.

ASEM may stall without Myanmar

ASEM may stall without Myanmar HANOI (Reuters): Vietnam said on Tuesday that a planned European Union meeting with Southeast Asian countries would be shelved if Myanmar was not able to participate. Britain, Ireland, the Netherlands and several Scandinavian members of the EU have opposed granting a visa to Myanmar Foreign Minister Win Aung to attend the Berlin gathering because of the country's human rights record.

Lubis denies Sofyan named as a suspect

Lubis denies Sofyan named as a suspect JAKARTA (JP): The lawyer representing a businessman implicated in a bank credit scandal said his client, Sofyan Wanandi, could not be named a suspect because he had never been even questioned over the matter. Todung Mulya Lubis said Tuesday his client had yet to be summoned by the prosecutor for alleged abuse of bank credit usage involving three government banks.

Corpses found in Malacca Strait

Corpses found in Malacca Strait PEKANBARU, Riau: A group of fishermen from Bagan Siapiapi, Bangko district in Bengkalis regency, found two male bodies floating near Halang Island in Malacca Strait, Antara reported on Tuesday. Police said that the bodies, discovered on Saturday and Sunday, were decomposed and bloated and that locals had given them a proper burial.

Indonesian holidays a real bargain

Indonesian holidays a real bargain CANBERRA, Australia (AP): Australian tourists have been flocking to Indonesia to take advantage of bargain rates produced by the Asian economic crisis. The Australian Bureau of Statistics reported Tuesday that 323,500 visited Indonesia in the first 11 months of last year, an increase of 13 percent over the corresponding period in 1997.

YPF-Maxus enjoys big output in SE Sumatra

YPF-Maxus enjoys big output in SE Sumatra JAKARTA (JP): Oil and gas company YPF-Maxus achieved on Tuesday a landmark in its operations in the country, reaching a cumulative output of one billion barrels of crude oil at its offshore block in Southeast Sumatra. The general manager of the company, Curtis W. Murray, said the company was delighted with the achievement and would continue its commitment to Indonesia despite the economic and political crises.

Teater Ketjil to perform 'Mega-Mega' at GKJ

Teater Ketjil to perform 'Mega-Mega' at GKJ JAKARTA (JP): Jajang C. Noer and her Teater Ketjil will perform Mega, Mega (Clouds) at Gedung Kesenian Jakarta from Wednesday through Saturday. The play was written by Jajang's late husband, Arifin C. Noor, and first published in Horison literary magazine in 1967.

Australians told to invest in RI's agribusiness

Australians told to invest in RI's agribusiness By Riyadi NUSA DUA, Bali (JP): Australian Minister for Agriculture, Fisheries and Forestry Mark Vaile has urged businesspeople from his country to take the lead in investing in Indonesia's agribusiness to help the latter recover from the crisis. Vaile said here on Tuesday that his government would continue to facilitate Australian businesses venturing into Indonesia's agro industries.

Indorayon stops production

Indorayon stops production JAKARTA (JP): Publicly listed PT Inti Indorayon Utama near Lake Toba in North Sumatra, has again stopped rayon and pulp production due to disruption of supplies and materials to its mills, the company's spokesman, Fatmin Prihatin Manalu said on Tuesday.

Rp 720b for rice purchases

Rp 720b for rice purchases JAKARTA (JP): The National Logistics Agency (Bulog) has set aside Rp 720 billion (US$84.7 million) to finance rice procurement from farmers, industry and trade minister Rahardi Ramelan told reporters on Tuesday. Rahardi, who is also acting chief of Bulog, told Antara that rice harvests this year started earlier than the normal April normal schedule due to the rainy season.

Safe motherhood campaign launched

Safe motherhood campaign launched SEMARANG: The Central Java administration has launched a safe motherhood campaign in 253 districts in the hope of reducing the maternal mortality rate, Antara reported on Tuesday. Organizer Hartono, who is also vice governor, said the campaign concentrated on raising public awareness of the need to help mothers realize a safe pregnancy and labor.

Sorry lot of migrant workers

Sorry lot of migrant workers I feel both deeply saddened and concerned to witness so many Indonesian women migrant workers returning home after experiencing so much suffering. I would be all the more concerned to find that many Indonesian women migrant workers are missing or lost their lives in Saudi Arabia without the Indonesian government being able to effectively monitor their stay there.

Police chief visits injured woman, asks forgiveness

Police chief visits injured woman, asks forgiveness JAKARTA (JP): A young pregnant woman who was shot in the abdomen on Sunday by a city police detective who mistakenly thought she was a drug supplier was still being treated at Husada hospital on Tuesday. Jakarta Police chief Maj. Gen. Noegroho Djajoesman and two senior police staff, including Central Jakarta Police chief Lt. Col. Iman Haryatna, visited the 23-year-old victim, Sandra Agustini, on Tuesday and asked her relatives for forgiveness.

ITB launches 'cyberlib' campaign

ITB launches 'cyberlib' campaign BANDUNG: The Bandung Institute of Technology (ITB) is planning this weekend a seminar on libraries in the future, which will feature the high-tech information retrieval systems of the Internet and CD-ROM, Antara reported on Tuesday. Organizer Tina Danubrata said the ITB library has adopted the so-called "cyberlib" from which visitors access E-mail and information from other libraries and CD-ROM.

Major responsible for abductions

Major responsible for abductions JAKARTA (JP): Maj. Bambang Kristiono of the elite Army's Special Force (Kopassus) admitted on Tuesday he was responsible for the abductions of nine activists, an act he believed was in the national interest. Bambang, 38, who holds the highest rank of the 11 Kopassus personnel put on trial for involvement in the abductions, told the Jakarta Military Court in East Jakarta he would "obey the court's verdict" and was "ready to take the consequences if proven guilty".

Facts straight

Facts straight The All-Indonesia Workers Union (SPSI) at PT Tong Yang Indonesia, in reference to a report in the Feb. 22 The Jakarta Post, offers the following explanation: 1. It is untrue that employees of PT Tong Yang Indonesia are paid a monthly salary of Rp 200,000. Currently the salaries exceed the regional minimum wage rate and amount to Rp 250,500, not including the allowances given by the company. 2. It is untrue that canteen supervisor Bapak Aris is detained by the authorities. 3.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 23, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Man mobbed for attempted robbery

Man mobbed for attempted robbery BOGOR (JP): A man was mobbed by residents of Tegallega village in the Cigudeg district here on Tuesday when he was caught attempting to break into a local resident's house. The victim, identified as Dadang, 23, died of severe stab wounds. The victim's body was sent by local police to PMI Hospital in Bogor for a postmortem examination. One of the residents, who asked for anonymity, said that local people were fed up with the victim's behavior.

No need to let East Timor go

No need to let East Timor go From Republika I love my beautiful country, so allow me to express my ideas about the settlement of the East Timor question. First, many Indonesian and foreign experts have stated that holding a referendum is the most democratic way to settle the East Timor question. This opinion may be correct from the point of view of democracy. However, a referendum may also be seen as forcing one's will on other people or depriving people of their rights.

Journalists educated on poll coverage

Journalists educated on poll coverage JAKARTA (JP): Even as political parties gear up for the June 7 general election, journalists are being trained to improve their knowledge of various aspects of the election. One of the training programs, organized by the Indonesian Media Watch (IMW), is a workshop for reporters on election monitoring between March 1 and March 5 in Surabaya, the capital of East Java, Antara reported on Tuesday.

Can producers association protests anti-dumping move

Can producers association protests anti-dumping move JAKARTA (JP): Local can producers lodged a protest on Tuesday against the government's recent drive to impose anti-dumping duties of up to 68 percent on the import of tin plates. Vice chairman of the Association of Indonesian Can Producers (APKKI) Halim Wijaya said the high countervailing duties were unfair because they protected local tin plate manufacturer PT Pelat Timah Nusantara (Latinusa) at the expense of other industries.

Hempel sets up new venture

Hempel sets up new venture JAKARTA (JP): Danish paint maker Hempel established a joint venture with PT Unimas Chemicals and Coatings on Monday in a bid to boost its operations in the country. The president of Hempel, Guido B. Eelen, said on Tuesday that the venture would streamline Hempel's operations by centralizing the tasks of the two firms under the name of PT. Hempel Coatings Indonesia.

House laments bank litigators

House laments bank litigators JAKARTA (JP): The law, security and information commission of the House of Representatives has joined the attack on Indonesian creditors who prefer settling business disputes in court in Singapore though most lawyers have blamed the trend on the distrust of the commercial court in Jakarta.

House to annul Law no.5/1985

House to annul Law no.5/1985 JAKARTA (JP): The final legal barrier to widely demanded amendments to the country's 1945 Constitution is soon to be cleared by removing a law requiring a referendum to determine whether changes may be made. On Monday Commission II for home affairs at the House of Representatives and acting Minister of Home Affairs Feisal Tanjung -- also the Coordinating Minister for Political Affairs and Security -- began deliberating a draft law seeking to annul Law no.

Indah Kiat's self-sufficiency in raw materials 'in 2005'

Indah Kiat's self-sufficiency in raw materials 'in 2005' JAKARTA (JP): Publicly listed pulp and paper producer PT Indah Kiat Pulp & Paper will reach self-sufficiency in the production of raw materials for its plants by the year 2005, the company's senior executive said on Tuesday, The executive director of the company, Njauw Kwet Meen, said the company expected its two sister industrial timber estates, PT Arara Abadi and PT Riau Abadi Lestari, to supply at least 75 percent of the raw materials...

Rethinking the E. Timor solution

Rethinking the E. Timor solution By Kwik Kian Gie JAKARTA (JP): The Jakarta Post Feb. 15 edition reported comments I made when a journalist peppered me with questions about the statement of Megawati Soekarnoputri, chairwoman of the Indonesian Democratic Party of Struggle (PDI Struggle), on East Timor. I was trying to wrestle free from the crowd around me as I hurried to find a way to my car. I admit I made several mistakes at the time, and I am not trying to find excuses for those mistakes.

Anwar accuses police chief of beating him

Anwar accuses police chief of beating him KUALA LUMPUR (AFP): Malaysia's ousted deputy premier Anwar Ibrahim accused former police chief Abdul Rahim Noor on Tuesday of beating him unconscious on the night of his arrest last year.

KONI under fire over unpaid SEA Games debts

KONI under fire over unpaid SEA Games debts JAKARTA (JP): The National Sports Council (KONI) came under further criticism on Tuesday for its lenient stance toward the 19th Southeast Asian (SEA) Games underwriting consortium which has yet to pay back its debts. Secretary-general of the Indonesian Taekwondo Association, Ahmad Zarkasih Hamid, told participants of the KONI congress that the absence of stern measures from the council could cost it billions of rupiah worth of sports funds.

ASEAN to discuss investment

ASEAN to discuss investment BANGKOK (AFP): Economic ministers from the Association of Southeast Asian Nations (ASEAN) will focus on investment when they meet on the Thai resort island of Phuket next week, Thai officials said on Tuesday. Thai Board of Investment secretary general Staporn Kavitanon said the Phuket talks would develop the ASEAN Investment Area (AIA) framework announced last year, which aims to speed up free trade and promote investment.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 Children's Songs 7:30 TV Series 8:00 Music 8:30 Documentary 9:00 Music 10:00 Interval 2:00 p.m.

Telkom under pressure over tariff hike

Telkom under pressure over tariff hike JAKARTA (JP): The government's decision to raise telephone tariffs was unfair because the hike was prompted by state-owned telecommunications operator PT Telkom's failure to run its business efficiently, according to a consulting company. The Econit Advisory Group said that Telkom's management should not burden its consumers because of its failure to properly manage the company.

Police question TV, radio directors

Police question TV, radio directors JAKARTA (JP): Police questioned three news directors from two private television stations and a radio station on Tuesday as part of the investigation into the recording of a telephone conversation believed to be between President B.J. Habibie and Attorney General A.M. Ghalib. The three, who were summoned as witnesses to the Kebayoran Baru police headquarters in South Jakarta, were Chrys Kelana of RCTI, Azkarmin Zaini of ANteve and Susan Masmir of Sonora.

Antique batik on display

Antique batik on display JAKARTA (JP): Danar Hadi batik house is holding a one-week exhibition of antique batik to mark the opening of its new furniture gallery called Jawi Antik on the ground floor of its store on Jl. Melawai Raya, South Jakarta. The exhibition, which is open from 10 a.m. to 7 p.m. until Saturday, features part of the 5,000 items collected by Santosa Doellah, the owner of Danar Hadi. The collection, which has never previously been made public before, is not for sale.

Jobless trainees to sue govt over missing funds

Jobless trainees to sue govt over missing funds JAKARTA (JP): At least 20 recently dismissed workers who have just completed an eight-month training program will sue the government for failing to fulfill its pledge to supply them with credit of Rp 100 million, a lawyer said on Tuesday. The workers went to the Jakarta Legal Aid Institute's office to seek legal advice in regard to their complaint.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb.23, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 375 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 0 Alumindo Light Metal 375 50 331,000 Alumindo Perkasa 125 0 0 Aneka Kimia Raya 175 0 11,500 Aneka Tambang 1,450 0 1,708,000 Anwar Sierad 75 0 0 Apac Centertex Corp.

East Timor 'nothing but rocks': Habibie

East Timor 'nothing but rocks': Habibie JAKARTA (JP): President B.J. Habibie again expressed resentment on Tuesday about the financial burden placed on Indonesia since East Timor was integrated in 1976. Speaking to a visiting delegation from North Sulawesi, Habibie described Jakarta's decision to integrate the former Portuguese colony of East Timor as an act of "charity", aimed to relieve people's suffering, because the territory had "nothing but rocks" to offer. "But what did they give us?

Debate intensifies on Habibie's 'impeachment'

Debate intensifies on Habibie's 'impeachment' JAKARTA (JP): The road is open for the country's highest law- making body, the People's Consultative Assembly (MPR) to bring impeachment proceedings against President B.J. Habibie for his conduct in the tapped phone conversation with Attorney General Andi M. Ghalib. As of Tuesday, however, the viability of impeaching the President was still being debated.

Is 'Domino Theory' relevant to present East Timor situation?

Is 'Domino Theory' relevant to present East Timor situation? By Terry Russel JAKARTA (JP): The Domino Theory is alive and well. The United States used this theory to justify invasions of North Korea in 1950, Cuba in 1961, Vietnam in 1964, the Dominican Republic in 1965 and Grenada in 1983. Now Indonesia's new political party, the Indonesia Democratic Party of Struggle (PDI Struggle) is using it to justify Indonesia's retention of East Timor.

Police set to secure soccer playoffs

Police set to secure soccer playoffs JAKARTA (JP): Jakarta Police have prepared a 6,000-strong force comprising officers and fresh graduates to secure the Indonesian soccer league playoffs scheduled to begin in the capital in mid-March. Jakarta Police spokesman Lt. Col. Zainuri Lubis told reporters on Tuesday the force would include 1,000 Jakarta Police officers and 5,000 fresh graduates from provincial non-commissioned police schools.