Indonesian Political, Business & Finance News

Archive: 1 April 1999

53 articles found

BII issues rights shares

BII issues rights shares JAKARTA (JP): Publicly listed Bank Internasional Indonesia has gained approval from its shareholders to issue up to 62.1 million rights shares to raise funds for financing its recapitalization program.The bank announced on Wednesday it expected to raise about Rp 7.

Where to go in Bali:

Where to go in Bali:Exhibitions * Arts Exhibition: by Gde Sudarma, at The Chedi Gallery, Desa Melinggih Kelod, Payangan Gianyar, Ubud (Phone: 0361 975963), until May 17. * Sculptures Exhibition: The Mythology of Wood, by I Made Sutedja, in Ganesha Gallery, Four Seasons Resort, Jimbaran, 12 p.m.

NATO propaganda

NATO propaganda I am very sad and disappointed that my favorite newspaper in the last four years, The Jakarta Post, is giving in under pressure from NATO propaganda.In the March 31 issue of the Post, on the front page you have featured a strange title to a compilation of Reuters and other agencies...

Nokia opens new sales center

Nokia opens new sales center JAKARTA (JP): Nokia Mobile Phones Indonesia, a subsidiary of Finnish mobile phone producer Nokia, opened on Wednesday its new Nokia Professional Center outlet in Plaza Indonesia.

Power elite and little people

Power elite and little peopleFrom Pikiran RakyatIt is certain that political campaigns will precede the June general election. I appeal to the little people like myself not to overact during the campaigns by behaving recklessly. Such actions will trigger physical clashes and end in accidents.

Jakarta is unprepared for New Year festival

Jakarta is unprepared for New Year festivalBy Ida Indawati Khouw JAKARTA (JP): Local authorities, hoteliers, entertainment park operators, and publishers in the capital are yet to make any special arrangements to usher in the next millennium.

Good faith missing in campaign rift

Good faith missing in campaign rift Should Cabinet ministers be involved in election campaigns? This question has turned into a battle between President B.J. Habibie and the General Elections Commission (KPU). Political scientist J.

Proper placement of flags urged

Proper placement of flags urged TANGERANG (JP): Tangerang Regency has made an urgent plea to the local municipality office to issue guidelines on the posting of stickers, posters, banners and flags of political parties contesting the June elections, an official said on Wednesday.

Trisakti students injured in clash with riot troops

Trisakti students injured in clash with riot troops JAKARTA (JP): Nine students from Trisakti University and a university security guard were badly wounded by riot troops in a clash in a street rally held on Wednesday in front of the Ministry of Defense and Security in Central Jakarta.

Protesting students appeal court ruling

Protesting students appeal court ruling JAKARTA (JP): One hundred and ten students who were pronounced guilty of conducting an illegal rally announced on Wednesday they would appeal the Central Jakarta District Court's ruling.Each were ordered to pay a Rp 2,250 fine as punishment.

Police separate from Armed Forces today

Police separate from Armed Forces today JAKARTA (JP): The structural separation of the National Police from the Armed Forces (ABRI) will mark the police's first step to become a more independent force, Minister of Defense and Security/ABRI Commander Gen. Wiranto said on Wednesday.

GSM-XL, BCA in cooperation

GSM-XL, BCA in cooperation JAKARTA (JP): Cellular phone operator PT Excelcomindo Pratama, the operator of GSM-XL, announced on Wednesday that Pro-XL prepaid card subscribers now could refill their cards at Bank Central Asia's (BCA) 1,800 automated teller machines (ATMs) throughout the country.

YLKI chief welcomes new consumers bill

YLKI chief welcomes new consumers bill JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) hailed the endorsement of the Consumers Bill by legislators and urged the speedy issuance of government regulations to support its implementation.

RI futures exchange legally well prepared

RI futures exchange legally well prepared JAKARTA (JP): Preparations to put the country's long-awaited commodities futures exchange into operation are nearing completion as the necessary legal infrastructure has been put in place.

KPU urged to revise campaign code of conduct

KPU urged to revise campaign code of conduct JAKARTA (JP): Observers urged the General Elections Commission (KPU) on Wednesday to revise its election campaign Code of Conduct, which allows rallies in public places without limiting the number of participants.

IRRI boosts rice output

IRRI boosts rice output MANILA (AFP): The declining productivity of Asia's intensively irrigated rice fields could be reversed by using new nutrient management techniques, the International Rice Research Institute (IRRI) said Wednesday.

RI team optimistic about Davis Cup

RI team optimistic about Davis Cup JAKARTA (JP): The country's Davis Cup squad, despite its inexperience, is confident of its chances against the Philippines in the Group II Asia Oceania zone semifinal this weekend.

Asian bond spreads flat

Asian bond spreads flat HONG KONG (Dow Jones): Spreads on benchmark Asian bonds are mostly flat on Wednesday from a week ago, with traders reporting little activity ahead of a long holiday weekend in several major trading centers.And although Standard & Poor's Corp.

Goro indictments to be heard soon

Goro indictments to be heard soon JAKARTA (JP): The indictments of the former chief of the State Logistics Agency (Bulog), Beddu Amang, and a senior executive at wholesaler PT Goro Batara Sakti, Ricardo Gelael, will be heard at the South Jakarta District Court on Monday next week, a judge said on...

Jakarta condominium market remains bleak: Consultant

Jakarta condominium market remains bleak: Consultant JAKARTA (JP): Sales in Jakarta's condominium market are projected to remain stagnant over the next six months due to expected political and social tension ahead of the general and presidential elections.

Fresh violence rocks Maluku

Fresh violence rocks Maluku JAKARTA (JP): Fresh communal violence erupted on Wednesday in the Southeast Maluku town of Tual, where at least seven people were wounded by bullets, arrows and machetes.Roy Taha, a Muslim resident, told The Jakarta Post by phone from Tual, some 540 kilometers southeast...

Three killed in raging river

Three killed in raging river SEMARANG: Three villagers drowned in the raging Elo river in Magelang regency, some 60 kilometers south of here, on Tuesday.Rescue workers found the bodies of Suyanti, 18, Rudi Prabowo, 17, and Kohar, 40, all from Mungkid village, in the river's estuary.

Scholarships for Bandung students

Scholarships for Bandung students BANDUNG: Telecommunications company PT Nynex Indonesia has awarded US$25,000 in scholarships to Bandung Institute of Technology and the Institute of Telecommunications Technology.

Basic education for children

Basic education for children I arrived at a big television station in Jakarta holding a copy of a videotape, which contains a documentary showing the results of the implementation of basic education in Brazil.

Govt to scrap draconian subversion law

Govt to scrap draconian subversion law JAKARTA (JP): The government moved on Wednesday to discard the infamous 1963 Subversion Law, but proposed its replacement with inclusion of six new articles on "crimes against the state" in the Criminal Code.

More people die from diarrhea

More people die from diarrhea KUPANG, East Nusa Tenggara: Six more people have died of diarrhea-related conditions in remote villages affected by flooding in the province, bringing the death toll to 16 since contaminated water supplies became prevalent early this month.

Singapore's top general meets Habibie

Singapore's top general meets Habibie JAKARTA (JP): Regular joint military exercises between Indonesian and Singapore will continue as scheduled despite economic difficulties faced by the two countries, Singaporean armed forces chief Lt. Gen. Bey Soo Chiang said on Wednesday.

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Photo Exhibition: Metis, at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., until April 10.Film * French Film, at CCCL - French Cultural Center: La Voie est Libre, until April 2. Chacun cherce son chat, until April 5.

The economic crisis revisited

The economic crisis revisitedBy Lance Castles YOGYAKARTA (JP): Reviews of the economic situation in Indonesia typically speak in terms of gloom, pessimism and crisis even though they should not necessarily do so.It seems the typical Jeremiah approach ignores at least three points.

SE Asian currencies edge higher late

SE Asian currencies edge higher late SINGAPORE (Dow Jones): Southeast Asian currencies traded sideways within well established ranges on Wednesday, ending Asian hours mostly higher against the U.S. dollar.

S&P flip-flops on RI foreign currency rating downgrade

S&P flip-flops on RI foreign currency rating downgrade JAKARTA (JP): U.S. rating agency Standard and Poor's hurriedly restored Indonesia's long-term foreign currency rating on Wednesday, just one day after its downgrade was protested by the central bank.

Oil bill decried as only aiding foreigners

Oil bill decried as only aiding foreigners JAKARTA (JP): Economic consultancy firm Econit Advisory Group declared on Wednesday the proposed law on oil and gas would only benefit foreign companies and backtracked on established gains.

Student stabbed to death in brawl

Student stabbed to death in brawl JAKARTA (JP): A senior student of a Bekasi technical high school was stabbed to death on Monday, allegedly by students from another technical high school.Student from the two schools have been involved in brawls before.

KONI chairman names officials for 1999-2003

KONI chairman names officials for 1999-2003 JAKARTA (JP): The newly reappointed chairman of the National Sports Council (KONI), Wismoyo Arismunandar, announced at his office on Wednesday officials of KONI for the 1999/2003 period.

RI's March oil prices surge

RI's March oil prices surge TOKYO (Dow Jones): Unofficial prices for Indonesian crude grades for March have all jumped from official February levels, according to industry calculations released late Tuesday.Price increases ranged from US$1.42 a barrel to $1.57/barrel.

Electric 'wayang' performance

Electric 'wayang' performance This is a correction to "Wayang performance shows art in new light" (The Jakarta Post, March 26, 1999).The March 13 premiere of the performance Wayang listrik -- Tirtha Amertha (Electric Wayang -- Holy Water) was sponsored by the Dyatmika Sekar Bawana foundation.

Indonesia picked as feature nation for PATA event

Indonesia picked as feature nation for PATA event JAKARTA (JP): Indonesia will be a feature country at the 1999 Pacific Asia Travel Association (PATA) Travel Mart, to be held at the Singapore International Convention and Exhibition Center on April 13 to April 16.

Some Sambas refugees seek 'special places'

Some Sambas refugees seek 'special places' JAKARTA (JP): A senior ulema urged the government on Wednesday to not only attend to the physical needs of about 21,000 Madurese refugees from Sambas in West Kalimantan, but to also facilitate their necessary romantic activities.H.A.

Persebaya pledges to play hard against PSMS in 1st semifinal

Persebaya pledges to play hard against PSMS in 1st semifinal JAKARTA (JP): Defending champion Persebaya Surabaya and home favorite Persija Jakarta will play aggressively in the soccer league (Ligina) semifinals on Thursday at the Senayan main stadium.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting and Art Works Auction at the Balindo exhibition hall, Menara Citibank Pondok Indah, Jl. Metro Pondok Indah Kav. IIBA, South Jakarta, April 3 to April 4. * Photo Exhibition: Revolution, at Galeri Foto Jurnalistik Antara, Jl. Antara No.

ASEAN and EU agree on meeting

ASEAN and EU agree on meeting BANGKOK (AP): A meeting between senior officials of the Association of Southeast Asian Nations and the European Union, postponed several times because of disagreements over whether Myanmar should attend, will be held in late May, EU representatives in Thailand said on...

20 infants die of malnutrition

20 infants die of malnutrition PADANG, West Sumatra: At least 20 infants aged under five have died of malnutrition in the past three months, an irony to the fact that the province has long enjoyed a surplus in rice output.

Retailers suffer Rp 40b losses due to shoplifting

Retailers suffer Rp 40b losses due to shoplifting JAKARTA (JP): Shoplifting caused Rp 40 billion (US$4.6 million) in losses to 342 retailers across the country last year, the Indonesian Retailers Association (Aprindo) revealed on Wednesday as it urged law enforcers to crack down on the crime.

Grosbeak pays $215m for Pelindo stake

Grosbeak pays $215m for Pelindo stake JAKARTA (JP): The government has sold 51 percent of newly established container port operator PT Jakarta International Container Terminal (JICT) to Grosbeak Pte Ltd, a unit of Hong Kong's Hutchison Whampoa, for US$215 million in cash.

Notice

NoticeWe do not carry a stocks table and rupiah conversion rates on this page because the local financial markets were shut down on Wednesday for end of 1998/1999 fiscal year account-squaring. -- Editor

Carter meets local poll watchdogs

Carter meets local poll watchdogs JAKARTA (JP): Former United States president Jimmy Carter met with leading poll watchers here on Wednesday to discuss plans to monitor the June 7 election process, a national poll monitor coordinator said.

Jakarta happy with no-street campaigns

Jakarta happy with no-street campaigns JAKARTA (JP): The city administration and all provincial chapters of political parties contesting the June general election here praised the General Elections Commission's (KPU) ruling banning campaign rallies in the streets.

A German journey through advertising

A German journey through advertisingBy Kafil Yamin BANDUNG (JP): Good advertisements can succeed in creating an enduring "product image".The man in the street may feel he is a real gentleman not because his Gudang Garam cigarettes have great flavor, but because the product's advertisement proclaims...

No paper

No paper In observance of Good Friday, The Jakarta Post will not be published tomorrow. The Post will appear again on Saturday. -- Publisher

Hamzah may quit Cabinet to campaign for PPP

Hamzah may quit Cabinet to campaign for PPP JAKARTA (JP): State Minister of Investment Hamzah Haz said on Wednesday he was prepared to resign if the General Elections Commission's (KPU) controversial ruling to bar Cabinet ministers from campaigning prevails.

Alleged instigator of Bogor brawl surrenders

Alleged instigator of Bogor brawl surrenders BOGOR (JP): One of three people suspected of causing last Friday's street brawl, which led to 14 students drowning in Cisadane River, gave himself up to local police on Tuesday.Head of the Bogor Police detectives, Capt.

Freeport's expansion plan gets govt approval

Freeport's expansion plan gets govt approval JAKARTA (JP): The government has officially approved PT Freeport Indonesia's plan to increase its ore output to 300,000 tons per day (tpd) from the current 160,000 tpd, an official at the Ministry of Mines and Energy said on Wednesday.

Car exports surge as local makers look overseas

Car exports surge as local makers look overseas JAKARTA (JP): Vehicle exports may jump to 15,000 cars this year, from 8,000 cars in 1998, as most car makers opt for an overseas market to avoid the domestic slump, a senior automotive analyst has said.