Indonesian Political, Business & Finance News

Archive: 16 March 1999

58 articles found

Bees kill one kid, injure 2 others

Bees kill one kid, injure 2 others BAJAWA, East Nusa Tenggara: A child died while two others are under intensive treatment after being stung by bees last Thursday in Bajawa, Flores.Riki Dhori, 6, died two hours after being stung by a swarm of bees.

RI men's double win All England title

RI men's double win All England title BIRMINGHAM, England (Agencies): Indonesia's men's doubles Tony Gunawan and Candra Wijaya won the All England badminton title in defeating Lee Dong-soo and Yoo Yong-sun of South Korea in straight set 15-7, 15-5 on Sunday.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Photo Exhibition: Germany Advertisement Photograph in 1925- 1988, at Bandung Institute of Technology, Jl. Ganesha 10, until March 27. * Photo Exhibition: Herve Dangla and Francois Sevreau, at Bandung Institute of Technology, Architecture Department, 8 a.m.

Riau declaration of independence canceled

Riau declaration of independence canceled JAKARTA (JP): A group of scholars and students canceled their planned declaration of an independent state in Riau on Monday, but pressed on with their demand for a fairer division of income derived from oil exploitation in the Sumatra province.

Asian students primed for leadership

Asian students primed for leadershipBy Lena Rosenthal JAKARTA (JP): Not much time has passed since we witnessed the impact of student demonstrators on national political developments. Without their vigilant efforts to voice the people's aspirations, many of the rapid changes that occurred last May...

Community chiefs seek stronger bargaining stand

Community chiefs seek stronger bargaining stand JAKARTA (JP): Hundreds of community representatives from across the archipelago have descended on the heart of the capital for a week-long gathering, slated to end Sunday.

Reconciliation in Ambon

Reconciliation in Ambon It is time the people of Ambon and surroundings start working side-by-side to restore peace. People outside Ambon should stop yelling slogans to incite island residents to continue fighting their own brothers and sisters.

Investors waiting for legitimate government

Investors waiting for legitimate government The economic crisis and political upheavals over the past year and a half have driven investors out of Indonesia. Economist Kwik Kian Gie questions whether investors will return to the country after the general election scheduled for June 7.

Infrastructure development

Infrastructure development PT Krone Indonesia started producing components and systems for the development of telecommunications infrastructure in Indonesia in 1993 at its factory in Kota Bukit Indah, Purwakarta, West Java.

Oil price hike a new headache for Asia

Oil price hike a new headache for Asia SINGAPORE (Reuters): If global oil exporters get their way, net importer Asia will feel the bite of the highest crude prices in more than 15 months, analysts said on Monday.

Legislators open debate on clean governance bill

Legislators open debate on clean governance bill JAKARTA (JP): The House of Representatives kicked off on Monday its deliberation of the clean governance bill which, if passed, will have the power to force all state officials to declare their assets.

Parents of dead students decry lax Semanggi probe

Parents of dead students decry lax Semanggi probe JAKARTA (JP): Parents of two students shot dead in a street rally against the government at Semanggi cloverleaf on Nov. 13, demanded the government continue investigating the tragedy, in which 14 people, mostly students, were killed.

3,000 under-fives suffering from malnutrition in Jakarta

3,000 under-fives suffering from malnutrition in Jakarta JAKARTA (JP): At least 3,000 cases of malnutrition in children under five years old in the city have been detected during the current economic crisis, which first hit the country in 1997, an official said on Monday.

Restoration begins for riot-hit areas

Restoration begins for riot-hit areas JAKARTA (JP): Work to rebuild riot-hit cities such as Ambon in Maluku and Kupang in East Nusa Tenggara has begun and is expected to be completed within four months, officials say.

Ariawest's access lines up

Ariawest's access lines up JAKARTA (JP): PT Ariawest International, a joint operations partner of state telecommunications operator PT Telkom announced on Monday that a survey done by an independent appraiser revealed that the company has built 354,879 access line units in West Java.

Over 1,000 babies malnourished

Over 1,000 babies malnourished PURWAKARTA, West Java: At least 1,164 infants here are believed to be suffering from malnutrition, head of the district health office, Sam Soemadipradja, said Monday."If their weight keeps on dropping, it means that they are malnourished," Soemadipradja said, as...

DHL's Asian revenues rise

DHL's Asian revenues rise JAKARTA (JP): International courier company DHL Worldwide Express announced on Monday that in spite of the economic crisis in Asia, the company recorded an increase of 15 percent in revenues from deliveries of samples, prototypes, spare parts and finished goods from Asia...

Financial chaos threat to world economy: Megawati

Financial chaos threat to world economy: Megawati SINGAPORE (AP): Financial chaos of developing nations threatens the world economy with contagion, without international trade and investment standards, Indonesian politician Megawati Sukarnoputri said on Monday.

FedEx wins five awards

FedEx wins five awards JAKARTA (JP): International air express company Federal Express (FedEx) announced on Monday that it had won five awards out of 37 categories in the 13th Asian Freight Industry Awards (AFIA) 1999.

Local communities vital for wetland conservation

Local communities vital for wetland conservationBy Stevie Emilia BOGOR, West Java (JP): Only a few people know that the rice they eat, the freshwater they drink or wood they use to build houses originate from the wetlands.

Prosecutors warned in bizarre case turn

Prosecutors warned in bizarre case turn JAKARTA (JP): Minister of Justice Muladi warned Ujungpandang prosecutors on Monday of stirring the public's anger by demanding the release of Golkar legislator Nurdin Halid, who is on trial for corruption.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on March 15, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,945.00 8,995.00 8,945.00 9,045.00Austrian schilling 1 704.04 716.94Australian dollar 1 5,635.35 5,741.25 5,610.00 5,791.00Belgian franc 1 240.15 244.

Universal's credit to farmers

Universal's credit to farmers JAKARTA (JP): Bank Universal, the banking arm of the widely diversified business group Astra, agreed on Monday to channel Rp 115.36 billion (US$13.4 million) in credit to the Karya Mukti cooperative in Muara Bungo, Jambi, to support the development of oil palm...

Promodes opens retail operation despite crisis

Promodes opens retail operation despite crisis JAKARTA (JP): France's Promodes Group will push forward with expansion plans in the country despite the ongoing economic and political crises, its country representative said on Monday.

Provinces demand bigger share of revenue

Provinces demand bigger share of revenue JAKARTA (JP): The governments of provinces richly endowed with natural resources have demanded bigger cuts of the revenues generated by their natural wealth, saying the present revenue- sharing is iniquitous and in favor of the central government in Jakarta.

Wanted gang suspect shot dead

Wanted gang suspect shot dead JAKARTA (JP): Tangerang detectives shot dead a suspected member of a notorious gang of robbers at the latter's hideout in Lampung in southern Sumatra, early Monday.Police said the suspect Nesin, 30, who, according to the Tangerang Police records, had been involved in a...

Govt submits bill on construction services to House

Govt submits bill on construction services to House JAKARTA (JP): The government submitted on Monday the bill on construction services to the House of Representatives, which is expected to give more leverage to local construction firms.Minister of Public Works Rachmadi B.

Another body found in shattered Ambon

Another body found in shattered Ambon JAKARTA (JP): One body was found on Monday as security personnel stepped up their search for weapons in the riot-torn Maluku capital of Ambon, church sources and witnesses said.

Bank staff protest, owners mull suit

Bank staff protest, owners mull suit JAKARTA (JP): Scattered protests by bank employees greeted the weekend closure of 38 private banks here on Monday as owners of the closed banks mulled whether to sue the government over the move.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 15 , 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 350 0 500 AHAP Insurance 400 0 0 Alter Abadi 200 -25 6,000 Alumindo Light Metal 325 25 32,000 Alumindo...

Tommy denies car program fueled by graft

Tommy denies car program fueled by graft JAKARTA (JP): The Attorney General's Office questioned former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra for more than three hours on Monday over the defunct national car program.

Hun Sen meets Habibie

Hun Sen meets Habibie JAKARTA (JP): President B.J. Habibie praised visiting Cambodian Prime Minister Hun Sen on Monday for the success of Cambodia's general election last July, and implied that Indonesia could learn from Cambodia when it holds its general election in June.

Expats help starving infants

Expats help starving infants BOGOR (JP): The We Care Fund handed over five tons of rice and dozens of boxes of infant milk to needy residents of Mulyaharja village here on Saturday.Each of 509 families received 10 kilograms of rice, with 156 infants also getting three or four 300-gram boxes of...

Farming project deviates from plan

Farming project deviates from plan TANGERANG (JP): An integrated farming project, designed to train farmers in how to run agricultural and fish farming businesses properly at Carenang village in Cisoka district here, is not running as well as expected.

Gold design contest

Gold design contest JAKARTA (JP): Local gold jewelry designers are invited to take part in this year's Millennium Gold Design Competition organized by the World Gold Council (WGC).The competition, Gold for Eternity, is, for the first time, open to entries from 10 regions in Asia, including...

Philippine groups slam Myanmar

Philippine groups slam Myanmar MANILA (AFP): Philippine rights groups slammed Myanmar's junta on Monday for its "diplomatic offensive" to gather support for its inclusion in a dialogue between ASEAN and the European Union this month.

Most Asian stock markets close higher

Most Asian stock markets close higher HONG KONG (AP): Most Asian stock markets closed higher on Monday, with the key index surging in Tokyo on reports that Nissan Motor Co. is about to forge an alliance with French carmaker Renault.Tokyo's benchmark 225-issue Nikkei Stock Average rose 290.

Opportunity for private sector in telecom

Opportunity for private sector in telecom The economic crisis has seriously impacted the business of members of the Indonesian Telecommunications Association (Apnatel). The depreciation of the rupiah against the U.S.

Overseas program loans 'off target'

Overseas program loans 'off target' JAKARTA (JP): Minister of Finance Bambang Subianto said on Monday that realized overseas program loans in the 1998/1999 State Budget ending March 31 were expected to be only Rp 30.31 trillion (about US$35.

Five hospitalized for fasting strike

Five hospitalized for fasting strike PALU, Central Sulawesi: A hunger strike by farmers and students at the provincial legislature here continued on Monday as five from 15 involved were rushed to hospital.

Vote on East Timor to be held in July

Vote on East Timor to be held in July JAKARTA (JP): A United Nations-organized ballot to determine if East Timorese want independence or to remain part of Indonesia will be held in July, Minister of Foreign Affairs Ali Alatas announced on Monday.

NU and political party

NU and political partyFrom MerdekaAn ad in a newspaper in Jakarta said "a book is a drop of knowledge". Then it is very fortunate for anyone who possess the book Nahdlatul Ulama vis a vis negara (Nahdlatul Ulama vis a vis the state), written by Andree Feillard.

Fendi Hutani halts timber operations in East Timor

Fendi Hutani halts timber operations in East Timor JAKARTA (JP): PT Fendi Hutani Lestari, a timber estate firm linked to tycoon Mohamad "Bob" Hasan, has ceased operations in East Timor due to growing insecurity and political uncertainty in the province, an official said on Monday.

Muslim leader clarifies jihad call

Muslim leader clarifies jihad call JAKARTA (JP): Muslim leader Abdurrahman Wahid insisted on Monday jihad was not a call for war, but for struggle against carnal desires such as anger, brutality and violence.

Closure of Indonesian banks provokes sales of greenback

Closure of Indonesian banks provokes sales of greenback SINGAPORE (Dow Jones): Southeast Asia's foreign-exchange markets celebrated some rare good news by bidding up regional currencies against the U.S. dollar Monday.

State companies banned from 'money politics'

State companies banned from 'money politics' JAKARTA (JP): The government has banned state enterprises from funding political parties, but conspicuously overlooked specifying punishment awaiting violators.In an instruction letter to all state-owned companies dated Feb.

Australian robbed in S. Jakarta

Australian robbed in S. Jakarta JAKARTA (JP): A 61-year-old Australian fell victim to a street crime in broad daylight when fixing a flat tire in a workshop on Jl. Adityawarman in South Jakarta on Sunday, a police officer said.City police spokesman Lt. Col.

PSSI to proceed with soccer playoffs in Jakarta

PSSI to proceed with soccer playoffs in Jakarta JAKARTA (JP): The National Police issued a permit at the eleventh hour on Monday to organizers of the Indonesian soccer league (Ligina) playoffs despite a strong fear of hooliganism.National Police spokesman Brig. Gen. Togar M.

Cash crisis 'lax' on environment

Cash crisis 'lax' on environment WASHINGTON (Reuters): The world financial crisis that has gutted the economies of countries such as Indonesia, Russia and Brazil is also hurting their environment, an environmental advocacy group said on Thursday.

Professionalism, respect: Ericsson

Professionalism, respect: Ericsson Transfer of technology and being a technology trendsetter is a business commitment of PT Ericsson Indonesia, an international communications company. Thus it is quite natural if Ericsson dominates the market and mobile telecommunications network.

New team to draw up poll code of conduct

New team to draw up poll code of conduct JAKARTA (JP): The General Elections Commission (KPU) has set up a seven-member team, called the Team of Seven, to make a draft electoral code of conduct and stipulate internal rulings.

Global system for mobile telephones

Global system for mobile telephones In its aim to become the largest integrated telecommunications service provider in Indonesia, Satelindo not only provides satellite services, but also a digital cellular system using Global System for mobile telecommunications (GSM) Technology, which offers...

Separatism on the rise?

Separatism on the rise? With calls for independence echoing with increasing frequency across the country, it is only natural that the government reacts with unmistakable, if veiled, distaste to the growing demands for self-rule from thus far seemingly docile provinces.

BPS closure hits bankruptcy claim against Semen Cibinong

BPS closure hits bankruptcy claim against Semen Cibinong JAKARTA (JP): The Central Jakarta Commercial Court postponed on Monday the first hearing of a bankruptcy claim filed by Bank Papan Sejahtera (BPS) against PT Semen Cibinong due to the uncertainty over the legal status of the newly-closed bank.

Sutiyoso promises overhaul of parking agency revenue

Sutiyoso promises overhaul of parking agency revenue JAKARTA (JP): Governor Sutiyoso promised on Monday to make a significant revision in the parking agency's revenue in the draft city budget for the 1999/2000 fiscal year.

Bank Bali's properties foreclosed

Bank Bali's properties foreclosed JAKARTA (JP): The South Jakarta district court has ordered a foreclosure on two properties owned by Bank Bali located on Jalan Hayam Wuruk, West Jakarta, and in the Bintaro Jaya residential area, southwest of here.

Big chances in telecom industry

Big chances in telecom industry The Ministry of Communications' Post and Telecommunication's Director General Sasmito Dirdjo supports the notion that telecommunications is one of the industry survivors in Indonesia's crisis.

Two people die of cholera

Two people die of cholera UJUNGPANDANG, South Sulawesi: Two have died of cholera and 567 others have been affected in Takalar regency, 70 kilometers south of Ujungpandang.The director of the Pattalassang General Hospital, Rivai Ibrahim, told The Jakarta Post Monday that the epidemic began on Feb.