Indonesian Political, Business & Finance News

Archive: 12 March 1999

50 articles found

Taking Soeharto to court

Taking Soeharto to court Former president Soeharto has once again come under the spotlight of public attention. Legislators in the House of Representatives' Commission I have urged the attorney general to step up the questioning of Pak Harto to the level of a formal investigation, and even asked...

Habibie must visit Ambon, says scholar Nurcholish

Habibie must visit Ambon, says scholar Nurcholish JAKARTA (JP): President B.J. Habibie must visit the destroyed Ambon capital of Maluku as the disorder has degenerated into a national-scale problem, renowned scholar Nurcholish Madjid said on Thursday.

Habibie dismisses concern over poll clashes

Habibie dismisses concern over poll clashes JAKARTA (JP): President B.J. Habibie dismissed on Thursday fears the number of parties set to contest the polls and the limited time available for preparations would trigger conflict and political instability.

Village office burned in Bali

Village office burned in Bali DENPASAR, Bali: The office of Lembongan village in Klungkung regency in Bali, around 20 kilometers southeast of Denpasar, was set on fire early Thursday by unidentified people.

Govt to ease entry of foreign observers

Govt to ease entry of foreign observers JAKARTA (JP): The government pledged on Thursday to ease immigration procedures for foreigners who will watch over the June 7 general election, but warned them against favoring an individual party or presidential candidate.

Lawyers call for halt of Soeharto probe

Lawyers call for halt of Soeharto probe JAKARTA (JP): Lawyers for former president Soeharto on Thursday demanded at the Attorney General's Office that the inquiry into the veteran former ruler be stopped while hundreds of pro-Soeharto protesters demonstrated outside.

Alatas defends RI's policy on East Timor

Alatas defends RI's policy on East TimorBy Imanuddin NEW YORK (JP): Minister of Foreign Affairs Ali Alatas defended here on Wednesday Indonesia's rejection of a referendum as a means to settle the East Timor problem.

Singapore court rejects Bank Bali unit loan case

Singapore court rejects Bank Bali unit loan case SINGAPORE (Dow Jones): Singapore's highest court has in effect dismissed a suit over a loan default filed against an Indonesian businessman currently living in Singapore, saying that Singapore isn't the place the case should be heard.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 11, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 -50 500 Alumindo Light Metal 300 0 5,000 Alumindo Perkasa...

Amien Rais: A new political paradigm for Indonesia's future

Amien Rais: A new political paradigm for Indonesia's futureBy Jusuf Wanandi JAKARTA (JP): It is refreshing to hear Amien Rais speak frankly about critical matters facing Indonesia. Not only is he direct in explaining the issues, he also brings coherency to the topics.

ICW links Soeharto to city water deal

ICW links Soeharto to city water deal JAKARTA (JP): The Indonesian Corruption Watch (ICW) urged the government on Thursday to investigate former president Soeharto for alleged involvement in a Jakarta tap water deal which reportedly caused the state Rp 4.98 trillion (US$554 million) in losses.

Fishermen riot in Cilacap

Fishermen riot in Cilacap CILACAP, Central Java: A riot erupted late Wednesday involving at least 200 fishermen in the Adipala district, who claimed waste from a plant contaminated the nearby river, destroying thousands of fish.

Govt predicts budget deficit of Rp 500b this fiscal year

Govt predicts budget deficit of Rp 500b this fiscal year JAKARTA (JP): The government expects a budget deficit of Rp 500 billion (about US$58 million) for the 1998/1999 fiscal year ending on March 31, Minister of Finance Bambang Subianto said here on Thursday.

RI's GDP may shrink 4.1% in 1999: Poll

RI's GDP may shrink 4.1% in 1999: Poll JAKARTA (Reuters): Indonesia's gross domestic product (GDP) is forecast to shrink a further 4.13 percent this year after plunging 13.68 percent in 1998, according to a Reuters poll of 10 research houses.

FedEx pledges to maintain services in Indonesia

FedEx pledges to maintain services in Indonesia JAKARTA (JP): International courier company Federal Express (FedEx) said on Thursday it had no plans to reduce its five-day-a-week direct flights to Indonesia despite the country's gloomy economic outlook.Harsha E.

A new cafe at Metropolitan II

A new cafe at Metropolitan II JAKARTA (JP): Mata Bar and Cafe, a new cafe on the 16th floor of Wisma Metropolitan II on Jl. Sudirman in South Jakarta is scheduled to start operations on Friday.The grand opening of the cafe will be held at 7 p.m.

Twelve racers compete in Formula Asia in Sentul

Twelve racers compete in Formula Asia in Sentul JAKARTA (JP): Twelve drivers will compete in the first leg of the Gudang Garam Formula Asia auto racing national championship to be held at the Sentul circuit, near Bogor, March 13-14.

'Middlemen' cheated villagers out of electricity supply

'Middlemen' cheated villagers out of electricity supply BOGOR (JP): Many villagers in the Bogor area attempting to get an electricity supply to their homes have been cheated by middlemen, an executive of the state electricity firm PT PLN said on Thursday.

Factions supports bill to ease up Pertamina's grip

Factions supports bill to ease up Pertamina's grip JAKARTA (JP): Most factions in the House of Representatives expressed support on Thursday for the government's proposed oil and gas bill, which would end state oil and gas company Pertamina's three-decade long monopoly of the country's oil and gas...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on March 11, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,175.00 9,205.00 9,175.00 9,245.00Australian dollar 1 5,817.40 5,910.80 5,738.00 5,938.00Austrian schilling 1 726.17 737.49 - -Belgian franc 1 247.

Military takes control in Ambon

Military takes control in Ambon JAKARTA (JP): The military took over riot control in Ambon from police on Thursday as sporadic clashes in the city continued, witnesses and a senior police officer said.Lt. Col.

What causes ethnic violence?

What causes ethnic violence? The foreign media and the Indonesian government seem to have the same misconceptions about the causes of recent ethnic violence in Ambon, Maluku, and several other islands.The International Herald Tribune, quoting European and American wire services, has reported on...

SE Asian monies come under selling pressure

SE Asian monies come under selling pressure SINGAPORE (Dow Jones): The U.S. dollar's break below Y120 in New York dealing failed to lend any support to Southeast Asia's currencies, most of which saw more selling pressure during Asian trading hours on Thursday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Menjaring Waktu, by Iskandar Syah, at Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61-62 South Jakarta (Phone: 5201266), 10 a.m. to 6 p.m., until March 23.

A theater of the absurd

A theater of the absurd Up until last week, very few Indonesians realized that the law on freedom of expression, endorsed by the House of Representatives and passed into law in October 1998, is as defective as a three dollar bill.

Beating of students

Beating of studentsFrom MerdekaWe wish to express our deep concern over the violent act committed by the security apparatus against our fellow students in Jakarta (March 4), making a number of students victims.

Chaos threatens June 7 polls

Chaos threatens June 7 pollsBy Hermawan Sulistyo JAKARTA (JP): The potential for further riots and other social disturbances, complicated by the current cloud of political uncertainty, has made some observers doubt whether the general election, scheduled for June 7, can in fact be held.

Supersemar anniversary passes unnoticed

Supersemar anniversary passes unnoticed JAKARTA (JP): "Do you know what's not reported at all in the newspapers today?" a senior journalist here quizzed his colleagues on Thursday, March 11."Supersemar!" he replied in the absence of response.

Two armed robbers apprehended

Two armed robbers apprehended JAKARTA (JP): Two street criminals armed with sharp weapons were apprehended by passers-by at different locations in the capital on Wednesday thanks to the alerting screams of the victims.Another crook managed to escape from the crowd.

Female candidate for Mataram mayor

Female candidate for Mataram mayor MATARAM, West Nusa Tenggara: Baiq Diyah Ratu Ganefi, 37, is the first known female candidate for mayor in West Nusa Tenggara.Antara reported Thursday she was running for the mayor's position in Mataram, for the period of 1999 to 2004.

Parties demand officials stay neutral in polls

Parties demand officials stay neutral in polls JAKARTA (JP): Political parties eligible to contest the June 7 general election have demanded that the city administration proves its neutrality during the upcoming campaign period as promised by Governor Sutiyoso.

Govt set to close 31 banks tomorrow

Govt set to close 31 banks tomorrow JAKARTA (JP): The government is expected Saturday to close down 31 insolvent banks and to take over at least 11 others under a massive multi-billion dollar restructuring program.

North Aceh students demand referendum demands

North Aceh students demand referendum demands JAKARTA (JP): About 2,000 students in Lhokseumawe, North Aceh, marched to the regional council demanding a referendum to determine whether the province wished to remain in Indonesia or break away.

PLN tower project under attack

PLN tower project under attack TANGERANG (JP): Members of 20 families from Cibogo Kulon village in the Kelapa Dua area here have demanded state-owned electricity firm PT PLN immediately cancel its plan to build a 150-kilovolt electricity tower in their neighborhood.

PKB, PDI Perjuangan 'coalition possible'

PKB, PDI Perjuangan 'coalition possible' JAKARTA (JP): Political observer Nurcholish Madjid said on Wednesday a coalition of "anti-status quo" parties comprising Megawati Soekarnoputri's Indonesian Democratic Party of Struggle (PDI Perjuangan) and Abdurrahman Wahid's National Awakening Party (PKB)...

Corruption-free government key to recovery: Economist

Corruption-free government key to recovery: Economist JAKARTA (JP): A new and clean government resulting from the general election in June, the first since long-reigning president Soeharto stepped down last May, is the key to Indonesia's economic recovery, an economist has said.

Habibie's nomination could backfire on Golkar: Experts

Habibie's nomination could backfire on Golkar: Experts JAKARTA (JP): Golkar Party's decision to name B.J. Habibie as a prospective presidential candidate is likely to backfire for the country and its own political fortunes, observers concluded on Thursday.

ARCO says RI to remain leading LNG supplier

ARCO says RI to remain leading LNG supplier SINGAPORE (Dow Jones): Indonesia will remain well placed as the leading liquefied natural gas supplier in Asia-Pacific when the region emerges from the economic crisis, Herb Vogel, a senior official with ARCO Indonesia Inc., told Dow Jones Newswires.

Haj visas possible for green passport-holders: Ambassador

Haj visas possible for green passport-holders: Ambassador JAKARTA (JP): Saudi Arabian Ambassador Abdullah Abdurrahman Alim said on Wednesday that with the approval of the Indonesian government his embassy would grant visas to Indonesian haj pilgrims using ordinary green passports rather than the...

Export promotion helps small firms

Export promotion helps small firms JAKARTA (JP): An export promotion drive introduced recently by the National Agency for Export Development in cooperation with the United Nations Development Program has helped at least 100 small and medium-scale companies.

Commodity exchange firm accused of fraud

Commodity exchange firm accused of fraud JAKARTA (JP): A group of 10 people, who claim they were cheated by a local commodity exchange firm, visited city council on Thursday to lodge a complaint.Spokesperson Sucipto said he and his friends and a great number of other people, had lost billions of...

Singapore downplays Indonesia allegations

Singapore downplays Indonesia allegationsBy Raj Rajendran SINGAPORE (Reuters): Singapore likes to punch above its weight in world affairs, but for now the city state is avoiding a scuffle with its huge, restive neighbor, Indonesia.

Mahathir chases votes in Sabah

Mahathir chases votes in Sabah KOTA KINABALU, Malaysia (Reuters): Malaysian Prime Minister Mahathir Mohamad criss-crossed the remote eastern state of Sabah on Thursday in an 11th-hour bid to win his first electoral test since sacking his former deputy.

New smoking regulations to be enacted this month

New smoking regulations to be enacted this month JAKARTA (JP): The government's new regulation on smoking is in its final draft, the director general of food and drug supervision at the Ministry of Health, Sampurno, said on Thursday.

Bullets found in Bagansiapiapi

Bullets found in Bagansiapiapi PEKANBARU, Riau: Ten thousand bullets have been found by a construction worker in Bagansiapi-api in the Bengkalis region here, Antara reported Thursday.Spokesman for the Riau Police, Maj. S.

'Bajaj' passenger wounds driver

'Bajaj' passenger wounds driver JAKARTA (JP): A bajaj (three-wheeled motorized pedicab) driver suffered thigh and severe hand wounds after a passenger slashed him with a sharp weapon in a fare dispute in Cempaka Baru, Central Jakarta, early on Thursday.

Raising funds to send the classics on tour

Raising funds to send the classics on tourBy Lena Rosenthal JAKARTA (JP): Classical music, universally appreciated for its beauty and earning considerable recognition around the world, surprisingly does not have a large appreciative audience in Indonesia.

Dragon dance and lion dance

Dragon dance and lion dance Being an ethnic Chinese who has been deprived of my cultural link to my ancestors for the last three decades, I am indebted to Mr. Edi Petebang who has boldly pulled off the shroud covering the cultural heritage of the Chinese Indonesians (The Jakarta Post, March 6,...

Bank Bali responds

Bank Bali responds I would like to thank Mr. Rahul Kapur for his valuable input concerning the Bali Dolar (Dollar episode, The Jakarta Post, Feb. 20, 1999). Please accept our apologies for all the inconvenience you have experienced.The problem arose purely as a result of misunderstanding.

Asian economic view brighter: Poll

Asian economic view brighter: Poll SINGAPORE (Reuters): Asian countries appear to be hauling themselves out of their economic slump but progress is patchy, a Reuters poll of more than 100 research units shows.