Indonesian Political, Business & Finance News

Archive: 13 April 1999

47 articles found

Intergovernmental fiscal relations bill under fire

Intergovernmental fiscal relations bill under fire JAKARTA (JP): The Indonesian Economists Association (ISEI) urged on Monday the House of Representatives to cancel debates on the intergovernmental fiscal relations and local government bills, contending the draft legislation were so flawed they...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 12, 1999: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 400 0 174,500 AHAP Insurance 400 0 0 Alakasa Industrindo 75 0 0 Alter Abadi 225 25 10,000 Alumindo Light...

RI organic fertilizers to Malaysia

RI organic fertilizers to Malaysia Fertilizer company PT Rajawali Phara Jaya shipped on Monday the first export of 300 tons of organic fertilizers under the brand of Rajawali Fertilizer to neighboring Malaysia.

RI should return to fixed exchange rate

RI should return to fixed exchange rate Indonesia's monetary crisis, which has led to a combination of stagnancy in economic growth and high inflation (stagflation), is still dragging on in spite of an over US$40-billion bailout package from the International Monetary Fund (IMF).

Rachmadi elected Percasi chairman

Rachmadi elected Percasi chairman JAKARTA (JP): Businessman Bambang Rachmadi was chosen by acclamation as chairman of the Indonesian Chess Federation (Percasi) on Sunday.The federation's plenary meeting, begun on Saturday, chose Rachmadi to lead Percasi in the 1999-2003 period.

Anwar Ibrahim faces political wilderness

Anwar Ibrahim faces political wildernessBy K. Baranee Krishnaan KUALA LUMPUR (Reuters): Guilty or innocent, Malaysia's ousted finance minister Anwar Ibrahim faces prolonged political exile after his corruption trial ends this week.

McDermott tipped for Natuna pipeline plan

McDermott tipped for Natuna pipeline plan JAKARTA (JP): The West Natuna gas consortium has recommended that PT McDermott Indonesia construct the 650-kilometer underwater pipeline to channel natural gas from west of the Natuna islands to Singapore, a source said on Monday.

JAL doubles RI flights despite security concerns

JAL doubles RI flights despite security concerns JAKARTA (JP): Japan Airlines (JAL) is doubling its flights to Indonesia despite growing concern over security in the country.Starting April 1, JAL will fly 14 times a week to Indonesia, a marked increase over its current seven flights a week to the...

HK's First Pacific says Indofood deal in doubt

HK's First Pacific says Indofood deal in doubt HONG KONG (Dow Jones): Conglomerate First Pacific Co. warned on Monday that its plan to acquire 30 percent of Indonesia's largest food producer, PT Indofood Sukses Makmur (PT ISM) for US$285 million may not go through because some conditions of the...

Where to go in Bandung:

Where to go in Bandung:Exhibition * Fine Arts Exhibition: Wearable, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578/2504229), until April 30.Performances * Puppet Show, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 9:30 p.m., April 17.

Voting facilities for the blind unprepared

Voting facilities for the blind unprepared JAKARTA (JP): Members of the Committee of Indonesian Advocates for the Disabled (Kapci) questioned on Monday the city's readiness to provide voting facilities for the blind.

Foreign firms to reaudit nine private banks

Foreign firms to reaudit nine private banks JAKARTA (JP): The government has hired four international accountant firms to reaudit the nine private banks joining the state-sponsored bank recapitalization program due to concerns of possible deterioration in the banks' capital conditions.

Press freedom vital in 'overcoming woes'

Press freedom vital in 'overcoming woes' JAKARTA (JP): Indonesia cannot do much in battling the corruption, collusion and nepotism which has devastated the nation and sapped its resources unless press freedom and transparency are maintained, a top official said on Monday.

Thai PM seeks end to border violence

Thai PM seeks end to border violence BANGKOK (AP): Thailand's Prime Minister Chuan Leekpai is calling on Myanmar's military government to cooperate in trying to end violence and illegal activities along their common border, The Nation newspaper reported on Monday.

Seven alleged robbers arrested

Seven alleged robbers arrested JAKARTA (JP): Police arrested seven men because they were believed to be members of an armed robbers group in the Prumpung red-light district in East Jakarta on Saturday, an official said.City police detectives unit chief Col.

KL airport suffers blackout

KL airport suffers blackout KUALA LUMPUR (AP): A computer failure at Malaysia's new international airport over the weekend caused an hour long blackout, delayed international flights and stalled escalators, forcing travelers to lug bags five flights of stairs to departure gates, according to news...

2.65 million Jakarta voters register for general election

2.65 million Jakarta voters register for general election JAKARTA (JP): The city has recorded 2.65 million people registrants, or about 46 percent of total eligible voters, as of Monday afternoon, chairman of the Jakarta Provincial Elections Committee (PPD I) Djafar Badjeber said.

Anwar verdict will help shape Malaysia's political destiny

Anwar verdict will help shape Malaysia's political destinyBy Nelson Graves KUALA LUMPUR (Reuters): A Malaysian judge delivers the verdict this week in the corruption trial of sacked finance minister Anwar Ibrahim with a ruling that will help shape the nation's political destiny.

11 poll monitors register with accreditation body

11 poll monitors register with accreditation body JAKARTA (JP): Eleven local election monitoring bodies registered with the accreditation committee of the General Elections Commission (KPU) on Monday.The KPU will take three days to check that the monitoring bodies fulfilled administrative...

Tommy in court on graft charge

Tommy in court on graft charge JAKARTA (JP): The youngest son of former president Soeharto, Hutomo "Tommy" Mandala Putra, was indicted at the South Jakarta District Court on Monday for his alleged involvement in a land scam which caused the state Rp 95.4 billion (US$10.9 million) in losses.

Diarrhea kills one in Kupang

Diarrhea kills one in Kupang MAUMERE, East Nusa Tenggara: Diarrhea has affected 69 people in Takari village, near the provincial capital of Kupang, in the past month. One of them has died.Head of the Kupang health office Herman Man told The Jakarta Post on Monday the fatal victim was aged 72.

Ginadjar to seek aid of envoy over graft reports

Ginadjar to seek aid of envoy over graft reports JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said he planned to ask the Japanese government to investigate corruption reports involving Japanese companies.

PRD chief hospitalized after hunger strike

PRD chief hospitalized after hunger strike JAKARTA (JP): Jailed leader of the Democratic People's Party (PRD) Budiman Sudjatmiko was rushed to hospital on Monday after a seven-day hunger strike, his lawyer said.

Astra hopes to reach debt agreement later this month

Astra hopes to reach debt agreement later this month JAKARTA (JP): PT Astra International said on Monday evening that it hoped to clinch a deal with its creditors by end of April to restructure its US$1 billion debt.Astra president Rini M.S.

Bapepam keeps hands off JSX-SSX merger plan

Bapepam keeps hands off JSX-SSX merger plan JAKARTA (JP): Capital Market Supervisory Agency (Bapepam) officials are keeping their hands off plans to merge the Jakarta and Surabaya stock exchanges.Head of Bapepam's legal bureau I.

Australia aids exports to RI

Australia aids exports to RI CANBERRA (Dow Jones): Australian Deputy Prime Minister and Trade Minister Tim Fischer said Monday that the government has extended credit insurance facilities for exports to Indonesia and Korea by a further four months to July.

Manggarai residents receive food aid

Manggarai residents receive food aid JAKARTA (JP): The Jakarta Care Team has handed over 2,000 food packages to residents from Manggarai subdistrict, South Jakarta, with the aim of relieving poor people's burden during the current economic crisis.The donation was given on Saturday by H.

KONI told to focus on finding new talent

KONI told to focus on finding new talent JAKARTA (JP): President B.J. Habibie urged new officials from the National Sports Council (KONI) to pursue talent scouting, citing the activity as the most important process by which champions are created.

Correcting history

Correcting history On the occasion of the 53rd anniversary of the Indonesian Air Force, Air Force chief of staff Air Marshal Hanafie Asnan said he supported the idea of correcting the history of past communist infiltration into the Air Force as it is officially recognized at present.

Four killed in separate attacks in East Timor

Four killed in separate attacks in East Timor DILI, East Timor (JP): Four people were shot dead in two separate clashes in East Timor on Monday, police and military said.The first clash took place when proindependence guerrillas ambushed a car carrying six men, including a local official and...

Astra sells Makro stake

Astra sells Makro stake SINGAPORE (Dow Jones): Astra International, Indonesia's biggest auto-assembler, has sold a small non-automotive asset.Rini Soewandi, chief executive, told Dow Jones Newswires here that Astra had just signed an agreement to sell its 17 percent share in a chain of Makro...

Residents attack suspected murderer

Residents attack suspected murderer JAKARTA (JP): Angry residents of Sungai Bambu subdistrict in Tanjung Priok, North Jakarta, attacked a man suspected of killing a widowed mother of two and injuring her younger brother on Monday.

Revived Korea to pay back $7.7b to IMF

Revived Korea to pay back $7.7b to IMF SEOUL (Reuters): South Korea said on Monday it planned to pay off US$7.7 billion of its massive loan from the International Monetary Fund by the end of this year as officials expressed concerns the country had a surfeit of dollars.

Dayak leaders help escort trucks carrying Madurese

Dayak leaders help escort trucks carrying Madurese JAKARTA (JP): Chiefs of the Dayak tribe in the conflict-torn town of Sambas, West Kalimantan, helped on Monday escort 28 trucks transporting more than 5,000 Madurese fleeing to safer ground in Singkawang, West Kalimantan.

Saudi Arabia hits Asia with May oil supply cuts

Saudi Arabia hits Asia with May oil supply cuts SINGAPORE (Reuters): Oil producers announced a flurry of supply cuts to Asia on Monday, telling buyers that cuts in May would be deeper than in April.The world's biggest oil exporter, Saudi Arabia, told customers in Japan and South Korea that May...

Police rescue woman from tower

Police rescue woman from tower JAMBI, Jambi: Local police special forces members rescued a distressed woman after she abandoned a suicide attempt on a television transmission tower here at dawn on Monday.

Foreign firms bid for container terminal operator

Foreign firms bid for container terminal operator JAKARTA (JP): Four foreign port operators have submitted bids for a 49 percent stake in a state-owned container terminal operator in Surabaya, the country's second largest commercial center, according to a senior government official.

100,000 pirated VCDs, CDs and DVDs seized

100,000 pirated VCDs, CDs and DVDs seized JAKARTA (JP): City police seized more than 100,000 pirated video compact discs, audio compact discs and digital video discs from three audio cassette shops in Mangga Dua shopping center, Central Jakarta, on Saturday, an official said.

Envoy tips scholar for president

Envoy tips scholar for president JAKARTA (JP): Is the United States tipping Muslim scholar Nurcholish Madjid to become Indonesia's next president?Perhaps not, but U.S. Ambassador Stapleton J. Roy has at least recognized that Nurcholish has the potential to lead the country.

DBS sells Indonesian stake

DBS sells Indonesian stake SINGAPORE (Dow Jones): Keppel TatLee Bank Ltd. said Monday it will sell its 20 percent stake in PT DBS Securities Indonesia to DBS Securities Holding Pte. Ltd.The 20 percent stake will be sold for Rp 6.85 billion (US$830,000), the bank said.

Cooperatives leave farmers unpaid

Cooperatives leave farmers unpaid SURABAYA: Hundreds of farmers in the East Java regency of Jombang have complained they have not been paid for rice sold to local cooperatives, Antara reported on Monday.

Ghalib installed as wrestling body chief

Ghalib installed as wrestling body chief JAKARTA (JP): Attorney General Andi Muhammad Ghalib was installed as chairman of the Indonesian Wrestling Association (PGSI) for the 1999 to 2003 term in a ceremony led by National Sports Council (KONI) chairman Wismoyo Arismunandar on Monday.

Riau NGO sues Habibie

Riau NGO sues Habibie JAKARTA (JP): A Riau non-governmental organization went to court on Monday, demanding that President B.J. Habibie and the government pay US$23 billion compensation for 46 years of oil exploitation in the Sumatran province.

PAN likely to dominate June general election

PAN likely to dominate June general election This is the second of two articles on potential results of the coming general election prepared by Lance Castles, an Australian scholar and visiting lecturer of political sciences at Gadjah Mada University, Yogyakarta.

Golkar plans to go on with Central Java event

Golkar plans to go on with Central Java event SEMARANG (JP): Despite growing calls for postponement of Golkar events due to the fear of disturbances, the party is putting off by only one day the planned visit of its chairman Akbar Tandjung to Central Java.

Mahathir out of hospital

Mahathir out of hospital KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad has been discharged from hospital and will rest at home for a few days, officials said on Monday."The prime minister has been discharged.

Reward offered for finding survivor

Reward offered for finding survivor SAMARINDA, East Kalimantan: The Unocal Indonesia Company announced it was providing a reward of Rp 500,000 for anyone finding Munadi, the remaining victim of a helicopter crash on April 3.