Indonesian Political, Business & Finance News

Archive: 6 February 1999

53 articles found

Caption

CaptionCorrection: Budhy Tjahjati, deputy for international cooperation, is from the National Development Planning Board (Bappenas) and not from Ministry of Foreign Affairs as stated in our caption on this page on Friday. We regret the error. -- Editor

Govt decision on labor export criticized

Govt decision on labor export criticized JAKARTA (JP): The House of Representatives has criticized the government's decision to temporarily stop labor exports to Saudi Arabia, saying this policy was not helpful for the national employment program at a time of alarming levels of unemployment.

BNN joins recapitalization

BNN joins recapitalization JAKARTA (JP): Bank Nusa Nasional, a banking unit of the Bakrie Group, announced on Friday it was ready to join the government's recapitalization program to improve its capital base.

Yunus unafraid of abuse of press freedom

Yunus unafraid of abuse of press freedom JAKARTA (JP): Minister of Information Muhammad Yunus does not share the fears of some of his colleagues about the behavior of the Indonesian press in acting on their newfound freedom."Some people are concerned about press freedom.

Hospital service suffering

Hospital service suffering When my elder son received a minor head injury, we were referred to the International Bintaro Hospital (RSIB) for a CT- Scan by the pediatrician.Before going to the hospital on Saturday morning (Jan.

Plan to privatize seaport operator opposed

Plan to privatize seaport operator opposed JAKARTA (JP): Three business associations called on the government on Friday to cancel plans to privatize seaport operator PT Pelindo II and its affiliates.The Indonesian Importers Association, the Federation of Indonesian Exporters and the Indonesian...

'Circuit breakers' luring investors

'Circuit breakers' luring investorsBy C.J. de Koning LONDON (JP): Foreign equity investors and foreign lenders to countries like Thailand, Indonesia, South Korea, Russia and more recently Brazil have recently been withdrawing their funds individually and collectively on an unprecedented scale.

House slams Lippo Bank recapitalization

House slams Lippo Bank recapitalization JAKARTA (JP): The House of Representatives has demanded the government either revoke, postpone, or revise the decree which includes two privately owned banks in the first group of banks to be recapitalized by the government.

RP inflation rises 11.6%

RP inflation rises 11.6% MANILA (AFP): Philippine consumer prices rose 11.6 percent year-on in January, the National Statistics Office said Friday.Analysts said the figure was "higher-than-expected" and triggered an initial sell-off at the Philippine Stock Exchange.

Fact-finding team formed as more bodies discovered

Fact-finding team formed as more bodies discovered JAKARTA (JP): A military police fact-finding team has been formed by the Armed Forces (ABRI) in Aceh province to probe the violence in East Aceh following the discovery of more bodies.Chief of Lilawangsa Military District Col.

Five-man gang robs businessman's house

Five-man gang robs businessman's house JAKARTA (JP): A group of at least five robbers burgled the Central Jakarta house of a businessman early on Friday, making off with a stash of money and goods including Rp 36.5 million and US$50,000 in cash.Central Jakarta police detective chief Maj.

E-commerce development hampered by cultural barriers

E-commerce development hampered by cultural barriersBy Teddy Setiawan Wijaya JAKARTA (JP): Online shopping is booming in developed countries. In the United States, sales tripled last Christmas and more new consumers came online than most cyber retailers expected. Comparing the situation in the U.S.

Special team to decide on import of Indian beef

Special team to decide on import of Indian beef JAKARTA (JP): Minister of Agriculture Soleh Solahuddin said on Friday that a decision on whether to import beef and buffalo meat from India would hinge on the report of a fact-finding team which will be sent to India later this month.

Cool heads must prevail in East Timor: Bishop Belo

Cool heads must prevail in East Timor: Bishop BeloBy Lourenco Vicente Martins DILI, East Timor (JP): With tension in East Timor escalating following the government's announcement that it is now prepared to let the territory go its own way, many people are turning to Dili Bishop Carlos Felipe...

World-class European musicians to perform in Indonesia for free

World-class European musicians to perform in Indonesia for free JAKARTA (JP): It is superb and authentic, and it is brought to you live by top musicians from six European countries. And best of all, it is free.

Churches admit mistakes over Soeharto

Churches admit mistakes over Soeharto JAKARTA (JP): Indonesian churches on Thursday admitted to having played a part in maintaining Soeharto's oppressive New Order regime and vowed never to repeat the same mistake.

East Timor move not an instruction: Alatas

East Timor move not an instruction: Alatas JAKARTA (JP): The motion to grant East Timor independence was taken collectively during the Jan. 27 Cabinet meeting after President B.J. Habibie first aired the idea two days earlier, an official has said.

Meat imports from India

Meat imports from India Since the government announced its intention to import beef from India, sharp reactions have come from various sides. In the past week alone, scores of reports have appeared in the media. Views for and against the plan have been aired.

Live TV shows

Live TV shows JAKARTA (JP): Sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):Saturday English soccer league: Nottingham Forest v Manchester United, SCTV at 10 p.m.Sunday Italian soccer league: Fiorentina vs AC Milan, RCTI at 8:30 p.m.

Tabloid told to get license

Tabloid told to get license KENDARI, Southeast Sulawesi: The provincial administration has asked the publisher of Wawasan, a weekly tabloid based in Kolaka, to cease publishing until it obtains a license, Antara said.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 5, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 50,000 Alumindo Light Metal 250 0 250,000 Alumindo...

Southeast Asian currencies end mixed

Southeast Asian currencies end mixed SINGAPORE (Dow Jones): Southeast Asian currencies were mixed against the U.S. dollar in late trade on Friday, after a mid- session surge by the yen to 111.40 against the U.S. currency.

RI receives US$2.4b loans from Japan

RI receives US$2.4b loans from Japan JAKARTA (JP): The Japanese government agreed on Friday to provide Indonesia with US$2.4 billion in loans to help finance the country's 1999/2000 budget deficit.Japan's vice finance minister for international affairs, Eisuke Sakakibara, said that a substantial...

New paper hits streets of Padang

New paper hits streets of Padang PADANG, West Sumatra: A new daily newspaper, Padang Ekspres, launched its first edition on Friday in a ceremony attended by West Sumatra Governor Muchlis Ibrahim.The 16-page Ekspres, which is managed by the Jawa Pos newspaper group, is the fifth daily to operate out...

Indonesia lowers five year target for tourist arrivals

Indonesia lowers five year target for tourist arrivals JAKARTA (JP): The government has revised down its target for foreign tourist arrivals over the next five years due to the worsening political situation here.

IMF and govt to finalize new letter of intent

IMF and govt to finalize new letter of intent JAKARTA (JP): The International Monetary Fund (IMF) is finalizing an agreement with the Indonesian government on a new letter of intent to pave the way for the latest disbursement of the agency's bailout fund, IMF Asia Pacific director Hubert Neiss said...

Political parties rush to register for election

Political parties rush to register for election JAKARTA (JP): The Ministry of Justice opened on Friday the registration of prospective poll contestants, including the Indonesian Democratic Party (PDI) under Megawati Soekarnoputri and four other parties all claiming to be the Indonesian National...

Everybody's duty

Everybody's duty It may seem strange to describe the neighborhoods disrupted by fighting around the Kampung Rambutan bus station on Wednesday as lucky, but that is exactly what they are.Although lives were lost, property destroyed and bus services brought to a complete standstill, the disruption...

Freeport told to double royalty for expansion go-ahead

Freeport told to double royalty for expansion go-ahead JAKARTA (JP): Permission for PT Freeport Indonesia to double daily ore production at its Irian Jaya copper and gold mining operation hinges on it agreeing to the doubling of its royalty payments, Minister of Mines and Energy Kuntoro...

East Timor status

East Timor status The year was 1978, the time 1 p.m., the location, Parliament House, Canberra. The then Australian prime minister, Malcolm Fraser, had just told me his government would recognize Indonesia's presence in East Timor from de facto to de jure status after bilateral talks between...

TPJ gives aid to six orphanages

TPJ gives aid to six orphanages JAKARTA (JP): PT Thames PAM Jaya (TPJ), a partner of city- owned tap water company PDAM Jaya, handed over donations worth Rp 15 million on Friday to six orphanages in the capital.

'RCTI' coverage

'RCTI' coverage RCTI's Seputar Indonesia news coverage on Feb. 1 has discredited the struggle of the little people for justice. The TV station has shifted the substance of the demand voiced by the little people, with suspicions toward us who accompanied the demonstrators at Bappenas, by saying that...

No money, no 'arwana' research

No money, no 'arwana' research JAYAPURA, Irian Jaya: Lack of funding has prevented the Irian Jaya administration from launching a research program to confirm reports that rivers in Merauke regency are inhabited by the prized arwana fish, Antara said.

Miyazawa aid pledge fails to cheer embattled market

Miyazawa aid pledge fails to cheer embattled market JAKARTA (JP): A bearish financial market persisted on Friday despite Japan's pledge to lend Indonesia US$2.4 billion from the Miyazawa Fund.Currency dealers said the commitment failed to lift market sentiment as a rise in demand for the greenback...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 5, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,600.00 8,705.00 8,600.00 8,750.00Australian dollar 1 5,562.35 5,702.60 5,500.00 5,859.00Austrian schilling 1 706.15 721.32 - -Belgian franc 1 240.87 246.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * World Press Photo Exhibition, at Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5252321), Monday to Friday, 9 a.m. to 5 p.m., Saturday, 9 a.m. to 12 p.m., until Feb. 11.

Ita's parents to sue scientist

Ita's parents to sue scientist JAKARTA (JP): Parents of Marthadinata, better known as Ita, the teenager slain by her neighbor last October, are filing suit again noted forensic expert Mun'im Idries for disclosing their daughter's autopsy results to the media.

Hendrawan confident of success in Grand Prix Finals debut

Hendrawan confident of success in Grand Prix Finals debut JAKARTA (JP): Indonesia's top men's badminton singles player Hendrawan is upbeat about possible victory in his debut at the Grand Prix Finals later this month.

Two held for stealing car side mirrors

Two held for stealing car side mirrors JAKARTA (JP): Police arrested on Thursday two teenagers for allegedly attempting to steal side mirrors from a car at the Pacenongan intersection in Central Jakarta.Jakarta Police spokesman Lt. Col.

Posyandu running out of infant food supplements

Posyandu running out of infant food supplements JAKARTA (JP): Volunteers at several state-sponsored Posyandu, the integrated health service posts for infants and pregnant women, here strongly urged the government on Friday to soon allocate money for their activities due to the serious shortage of...

Floods force hundreds to evacuate in S. Sulawesi

Floods force hundreds to evacuate in S. Sulawesi UJUNGPANDANG, South Sulawesi (JP): One died in floods and hundreds of town residents were forced to evacuate to higher ground when floods and strong winds again hit Ujungpandang and other areas in South Sulawesi.

Ambon still tense amid rumors of fresh unrest

Ambon still tense amid rumors of fresh unrest AMBON, Maluku (JP): The capital of Maluku province was still tense on Friday as rumors of fresh attacks against residents circulated throughout the city."These kind of rumors are used to provoke unrest.

Manpower office inundated by people seeking work

Manpower office inundated by people seeking work TANGERANG (JP): The Tangerang office of the Ministry of Manpower has been swarmed by scores of people seeking jobs as the number of dismissed workers continues to rise because of the severe impact of the prolonged economic crisis, an official said on...

Ridding the country of hoodlums takes time: Criminologists

Ridding the country of hoodlums takes time: Criminologists JAKARTA (JP): Two leading criminologists said on Friday that getting rid of hoodlums, especially in public places like bus terminals and traditional markets, was impossible at the moment as long as people had no respect for security...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 Children's Program 7:30 TV Series 8:00 Music 8:30 Tour and Travel 9:00 TV Drama 10:00 Interval 2:00 p.m. News 2:35 Children's Film: Silverhawks 3:05 Documentary 3:30 Science: Invention 4:00 Regional News 4:30 Sports Program 5:30 TV...

Westwood out, Norquist leads Malaysian Open

Westwood out, Norquist leads Malaysian Open KUALA LUMPUR (AFP): U.S. player Gerry Norquist fired a second successive 67 to lead the Malaysian Open by five shots on Friday as world number six Lee Westwood sensationally missed the cut.

Ex-village head jailed for scam

Ex-village head jailed for scam TANGERANG (JP): The Tangerang District Court has sentenced a former head of Cibogo village in Serpong to four years in jail and fined him Rp 30 million for illegally selling a 46,000-square-meter plot of land belonging to the village.

Don't surrender East Timor

Don't surrender East TimorFrom MerdekaI felt saddened and angered upon hearing the foreign minister's explanation of the East Timor issue on Jan. 27. It was shocking, and in my opinion even amoral, to put forward the option of getting rid of East Timor.

Boat people face deportation

Boat people face deportation SURABAYA: The Navy will escort a wooden boat carrying 57 passengers from Gongxi province in China back into international waters as soon as the vessel has been repaired, Antara reported on Friday.

ANZ to boost stake in Panin to over 24%

ANZ to boost stake in Panin to over 24% JAKARTA (JP): Australia and New Zealand Banking Group Limited (ANZ) plans to boost its stake in publicly listed Panin Bank to 24.4 percent, from 4.9 percent at present, in a bid to strengthen its presence in the Indonesia's banking sector, the bank's...

Northwest, MAS sign accord

Northwest, MAS sign accord MINNEAPOLIS (AFP): Northwest Airlines and Malaysia Airlines on Thursday announced a marketing alliance that will enable them to coordinate schedules and reservations between their two flight networks.

Village election stirs unrest

Village election stirs unrest PURBALINGGA, Central Java: Hundreds of Tanggisan villagers in Mrebet district went on a rampage on Thursday, vandalizing seven houses and public buildings in anger over a village chief election.

'Flabby' Thai army trims surplus

'Flabby' Thai army trims surplus BANGKOK (Reuters): Thailand's army chief said on Friday that due to impending budget cuts the once powerful but now flabby army had begun trimming surplus manpower.Army commander-in-chief Gen.