Indonesian Political, Business & Finance News

Archive: 27 March 1999

45 articles found

The effect of higher lubricant prices

The effect of higher lubricant prices A "bonus" to add to the burdens which the Indonesian people already shoulder in the crisis has been dispensed by our esteemed state-owned oil company Pertamina, which has announced a 55 percent increase in lubricant prices.

WHO warns Indonesia of aging population pressures

WHO warns Indonesia of aging population pressures JAKARTA (JP): The World Health Organization (WHO) warned Indonesia on Friday of health problems among its senior citizens, as their number would reach 29 million in 2020, the third largest aging population in the world after China and India.

BI says still more room to lower interest rates

BI says still more room to lower interest rates MELBOURNE (Dow Jones): Bank Indonesia Director Miranda Goeltom Friday said the current weak level of the rupiah reflects the country's political and social climate, rather than interest rates.

Earth purification ritual in C. Java

Earth purification ritual in C. Java JAKARTA (JP): A three-day earth purification ceremony featuring local arts and cultural activities is being held in a village about one hours drive from Yogyakarta this weekend.

Reckless driving claims 12 lives

Reckless driving claims 12 lives JAMBI: Reckless driving cost 12 lives and seriously injured 12 others in two separate traffic accidents in the Sumatra town of Kerinci and the Central Sulawesi town of Poso on Thursday.

Rights body to visit Sambas to get full picture on strife

Rights body to visit Sambas to get full picture on strife JAKARTA (JP): Representatives of the National Commission on Human Rights will visit Sambas regency on Tuesday for a close-up look at the devastation from ethnic strife.

Govt may review Natuna pipeline project nod

Govt may review Natuna pipeline project nod JAKARTA (JP): The government is considering reviewing the controversial recommendation for construction of a 650-kilometer underwater pipeline to supply natural gas from west of the Natuna island group to Singapore, an official said on Friday.

Realization of Haneda-Kimpo air route awaited

Realization of Haneda-Kimpo air route awaitedBy Edward Neilan TOKYO (JP): Has the time finally come for the takeoff of the Haneda (Japan)-to-Kimpo (South Korea) air shuttle?Last week's summit meeting between South Korean President Kim Dae-jung and Japanese Prime Minister Keizo Obuchi in Seoul...

Police seize 25 vehicles from three auto theft gangs

Police seize 25 vehicles from three auto theft gangs JAKARTA (JP): City police detectives have confiscated 25 stolen vehicles, mostly Kijang and Isuzu Panther vans and Feroza jeeps, in the last two weeks.Chief of the Jakarta Police detectives Col.

Scholarships for Asian Games hopefuls

Scholarships for Asian Games hopefuls JAKARTA (JP): The National Sports Council (KONI) will hand over scholarships to 800 athletes and 200 coaches to groom them for the 2006 Asian Games.KONI's outgoing vice chairman, Arie Sudewo, told reporters on Friday after a meeting to discuss the matter that...

City government seals off Timor, Humpuss buildings

City government seals off Timor, Humpuss buildings JAKARTA (JP): Central Jakarta public order officials sealed off the disputed multistory Timor and Humpuss buildings on Jl. Medan Merdeka Timur early Friday morning.

Jakarta's power disintegrating

Jakarta's power disintegrating Gruesome pictures of beheaded Indonesians bear dreadful testimony to the dangerous disintegration of the power of the republic's central government.Violent deaths are occurring daily throughout the vast archipelago.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 26 , 1999: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 225 0 0 AHAP Insurance 400 0 0 Alakasa Industrindo 75 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 350 0...

Police to probe tax evasion at five firms

Police to probe tax evasion at five firms JAKARTA (JP): Acting on a tip-off, police will begin to probe five companies here for possible tax evasion, a police officer said on Friday.Speaking to reporters, chief of the Jakarta Police detectives Col.

Courage to lose

Courage to loseFrom RepublikaThe lack of courage on the part of political-party leaders to lose in the June 7 general election and their increasing egoism are becoming more and more apparent. Many community circles are concerned about this, as is prominent scholar Nurcholish Madjid, rector of...

Semifinalists decided in soccer playoffs

Semifinalists decided in soccer playoffs JAKARTA (JP): Home favorite Persija Jakarta will meet PSIS Semarang in a semifinal of the fifth Indonesian Soccer League (Ligina) playoffs on April 1 at the Senayan main stadium.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Revolution, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta (Phone: 3458771), daily except Monday, 11:30 a.m. to 7:30 p.m., until April 11.

UKI student takes ABRI to court over alleged beating

UKI student takes ABRI to court over alleged beating JAKARTA (JP): A female student of Indonesian Christian University (UKI) filed a lawsuit against Armed Forces (ABRI) Commander Gen. Wiranto and Jakarta Military Commander Maj. Gen. Djadja Suparman on Friday over alleged torture by soldiers.

'Tribune' bullish on operations in RI

'Tribune' bullish on operations in RI JAKARTA (JP): Readers' increasing awareness of the relationship between business and politics is one reason the International Herald Tribune is confident of its opportunities in Indonesia, one of the countries worst-hit by the Asian economic crisis.

51 cases of HIV found in E. Java

51 cases of HIV found in E. Java SURABAYA: As many as 51 people in East Java were found to have been infected with the Human Immunodeficiency Virus (HIV), nine of whom have died, in the past decade, a local health official said on Thursday.

Anwar backers rally in Malaysia's town

Anwar backers rally in Malaysia's town ALOR STAR, Malaysia (AFP): Thousands of people attended an opposition rally in Prime Minister Mahathir Mohamad's hometown as his ex-deputy Anwar Ibrahim awaited the verdict in his corruption trial.

Japan, IMF and WB extend new loans to RI

Japan, IMF and WB extend new loans to RI JAKARTA (JP): The Export-Import Bank of Japan agreed on Friday to extend 210 billion yen (US$1.4 billion) to Indonesia, while the International Monetary Fund offered another $1 billion to help with the rehabilitation and restructuring of the country's...

May riot rape victims scared into silence: UN

May riot rape victims scared into silence: UN GENEVA (AFP): Chinese-Indonesian women raped during last year's disturbances in Indonesia have been threatened in order to shut them up, a United Nations investigator reported Wednesday.

Winters wants Ghalib to pursue Freeport probe

Winters wants Ghalib to pursue Freeport probe JAKARTA (JP): American scholar Jeffrey Winters called on Attorney General Andi M. Ghalib on Friday to pursue investigations into alleged corruption in mining giant PT Freeport Indonesia.

Tor Ganda builds CPO plant

Tor Ganda builds CPO plant JAKARTA (JP): Plantation company PT Tor Ganda is building a crude palm oil (CPO) processing plant in Bukit Kapur district, Dumai regency, Riau.Company president DL Sitorus said in the Riau capital of Pakanbaru the new plant, costing Rp 90 billion (US$10.

Income tax yield nearly doubles initial target

Income tax yield nearly doubles initial target JAKARTA (JP): State revenue from income tax in the 1998/1999 fiscal year ending in March is expected to reach Rp 49.71 trillion (about US$5.8 billion), double the initial target of Rp 25.85 trillion.

Pushkin reading contest scheduled

Pushkin reading contest scheduled JAKARTA (JP): The Russian Science and Cultural Center will hold the final of a contest for the best recital of Alexander Pushkin's works at noon on Saturday.Students in the contest, which commemorates the 200th anniversary of the great Russian poet's birth, are in...

Over 100 infants undernourished

Over 100 infants undernourished YOGYAKARTA: More than 100 infants here aged under five years have been found in the past four months to suffer from malnutrition, 36 of them needing intensive treatment, an official said on Thursday.

Political parties urged to conduct 'smart campaigns'

Political parties urged to conduct 'smart campaigns' JAKARTA (JP): Rather than simply relying on famous national political figures, who often are unknown to local constituents, political parties should pursue "smart campaigns" to introduce their legislative candidates and party programs, political...

Company told to pay for ammonia leak

Company told to pay for ammonia leak JAKARTA (JP): Food seasoning producer PT Ajinomoto, based in Mojokerto, East Java, should compensate people affected by ammonia leaked from its storage cylinder, but closing the company is asking too much, a government official said Friday.

Habibie says sorry to Acehnese

Habibie says sorry to AcehneseBy Kornelius Purba BANDA ACEH, Aceh (JP): A demonstration involving thousands of people, flavored by tear gas and warning shots fired by security personnel, greeted President B.J.

Allianz opens Medan office

Allianz opens Medan office JAKARTA (JP): PT Allianz Life Indonesia and PT Allianz Utama Indonesia plan to open a joint office in Medan, North Sumatra, on Saturday.Allianz Life marketing director Jens Reisch said in a statement: "The opening of this new office demonstrates our confidence and...

Southeast Asian currencies mixed ahead of long weekend

Southeast Asian currencies mixed ahead of long weekend SINGAPORE (Dow Jones): Southeast Asian currencies turned in a mixed performance against the U.S. dollar during Asian trading hours on Friday as local markets wound down ahead of a long weekend over much of the region.

Clean water: A precious resource becoming rarer by the day

Clean water: A precious resource becoming rarer by the dayBy Stevie Emilia JAKARTA (JP): Four-year-old Atang was busy playing with his toy, a wooden truck. But the sound of rain drops made him stop. In a rush, he took off his shirt and shorts and ran outside into the rain.

KPU considers compromise on campaigning rule

KPU considers compromise on campaigning rule JAKARTA (JP): The General Elections Commission (KPU) is considering exempting Cabinet ministers who chair political parties from its ban on state officials' campaigning for the June 7 polls, KPU chairman Rudini said on Friday.

Arsenal to play Thailand on tour

Arsenal to play Thailand on tour BANGKOK (Reuters): English champion Arsenal will play Thailand in May as part of an Asian summer tour, officials said on Friday.The date of the match depends on the outcome of Arsenal's F.A.

Firm aiding SMEs slated to operate in two months

Firm aiding SMEs slated to operate in two months JAKARTA (JP): The government said on Friday that PT Permodalan Nasional Madani, a state-owned financial company to cater to the needs of small and medium enterprises (SMEs), will be operational within two months.B.S.

No paper

No paper In observance of Idul Adha, The Jakarta Post will not be published tomorrow. The Post will appear again on Monday. -- Publisher

Govt upbeat oil revenue will rise

Govt upbeat oil revenue will rise JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto projected on Friday the government's oil revenue would rise to more than Rp 13 trillion (US$1.4 billion) for the 1999/2000 fiscal year despite a reduction in output.

Rama, CNAMaritime tie up

Rama, CNAMaritime tie up JAKARTA (JP): PT Asuransi Rama Satria Wibawa said on Friday it had formed a partnership with CNAMaritime of Britain to help develop its marine insurance business.Asuransi Rama president M.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on March 26, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,830.00 8,900.00 8,830.00 8,940.00Australian dollar 1 5,612. 5 5,699.60 5,587.00 5,749.00Austrian schilling 1 693.04 703.53 - -Belgian franc 1 236.

Timber firms object to new forestry fee plan

Timber firms object to new forestry fee plan JAKARTA (JP): The Association of Indonesian Wood Panel Producers (Apkindo) on Friday balked at the government's plan to impose a new forestry fee, saying it would place heavy financial burdens on the timber industry.

S. Korean, Indian found dead

S. Korean, Indian found dead JAKARTA (JP): A South Korean and a 20-year-old girl, believed to be from India, were found dead late Thursday in separate incidents in Jakarta and Tangerang.Both of them appeared to have committed suicide, city police spokesman Lt. Col. Zainuri Lubis said on Friday.

Habibie's doctor

Habibie's doctorCorrection: Dr. Nurhay Abdurrahman, a member of the presidential medical team, is a man, not a woman as indicated on this page on Friday. We deeply regret the error. -- Editor

ADB loans $6 billion in 98

ADB loans $6 billion in 98 MANILA (AP): The Asian Development Bank approved a total of 66 loans worth US$6 billion in 1998, with most of the money going to the financial sector, the Manila-based bank said Friday.The ADB's total lending last year was 36 percent lower than 1997's $9.