Indonesian Political, Business & Finance News

Archive: 14 April 1999

49 articles found

Wiranto extends term of special team in Maluku

Wiranto extends term of special team in Maluku JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto on Tuesday extended indefinitely the tour of duty of the special military task force sent to end months of religious clashes in Maluku.Maj. Gen.

Nine students injured in rallies

Nine students injured in rallies JAKARTA (JP): At least nine students were injured and 62 arrested in a number of rallies held across Java on Tuesday to oppose the June 7 general election.The arrests were made following a clash between students grouped in the Indonesian University Big Family (KBUI)...

SE Asian monies stronger against greenback

SE Asian monies stronger against greenback SINGAPORE (Dow Jones): Southeast Asian currencies ended local trading hours Tuesday stronger against the U.S. dollar, lifted by healthy flows of foreign funds into domestic asset markets.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 13, 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 400 0 121,500 AHAP Insurance 425 25 5,000 Alakasa Industrindo 75 0 0 Alter Abadi 225 0 0 Alumindo Light...

Govt launches probe into tax bribery

Govt launches probe into tax bribery JAKARTA (JP): Director General of Taxes Anshari Ritonga said here on Wednesday his office had not yet found any indications of bribes from Japanese contractors to local tax officials, but vowed to continue the investigation.

Soldier killed in card game

Soldier killed in card game JAKARTA (JP): An Indonesian Armed Forces (ABRI) member was attacked early on Tuesday by his neighbors in Jatiuwung district, Tangerang, following a dispute over a gambling game. He died in a nearby hospital a few hours later from severe head injuries.

Man held for allegedly killing nephew, maid

Man held for allegedly killing nephew, maid JAKARTA (JP): A jobless man was caught after allegedly killing his five-year-old nephew and a housemaid in a bungled robbery at his sister's house in Jagakarsa, South Jakarta, on Monday evening.

Pertamina will still dominate market despite liberalization

Pertamina will still dominate market despite liberalization JAKARTA (JP): An oil executive predicted on Tuesday state oil and gas company Pertamina would continue dominating the country's downstream sector for several years despite liberalization of the market.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 Children's Songs 7:30 Music 8:00 TV Series 9:00 Music 10:00 Interval 2:00 p.m. News 2:35 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Students' Quiz 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00...

Floods damage thousands of Irian Jaya phone lines

Floods damage thousands of Irian Jaya phone lines SORONG, Irian Jaya (JP): Floods disrupted thousands of phone lines in the town of Sorong while the local state-run telephone company worked hard to fix the damage.Repair work could take one month, a company official said.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on April 13, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,695.00 8,745.00 8,695.00 8,785.00Australian dollar 1 5,500.10 5,574.20 5,475.00 5,674.00Austrian schilling 1 680.67 689.57 - -Belgian franc 1 232.

RI companies believe crisis is over: Survey

RI companies believe crisis is over: Survey JAKARTA (JP): Indonesian beleaguered manufacturing companies believe that the economic crisis has passed and the recession has bottomed out, according to a government survey.

State banks insist not to provide debt haircut

State banks insist not to provide debt haircut JAKARTA (JP): Ailing state banks will not allow the reduction of the debts of large corporations eligible for a debt restructuring program being prepared by the government, according to a senior bank official.

Workers protest for recognition of labor union

Workers protest for recognition of labor union JAKARTA (JP): About 400 workers from garment factory PT Tae Yung Indonesia in Tangerang went to the Ministry of Manpower demanding the government press the company's management to accept the presence of an independent labor union in the factory.

Securities firms and share issuers back JSX, SSX merger

Securities firms and share issuers back JSX, SSX merger JAKARTA (JP): The Association of Indonesian Securities Companies (APEI) and several listed companies said on Tuesday they supported the merger of the Jakarta and Surabaya stock exchanges.

SE Asia needs to sell itself, says Singapore PM

SE Asia needs to sell itself, says Singapore PM BANDAR SERI BEGAWAN (AFP): Singapore Prime Minister Goh Chok Tong said Tuesday ASEAN had lost much of its stature in the regional economic crisis and proposed joint roadshows to "sell" the region to foreign investors.

Habibie seeks E. Timor peace

Habibie seeks E. Timor peace JAKARTA (JP): President B.J. Habibie endorsed the establishment of an independent rights commission to disarm warring factions in East Timor and restore peace so an international presence would not be needed there, it was reported on Tuesday.

KPU allocates legislative seats for East Timor

KPU allocates legislative seats for East Timor JAKARTA (JP): The General Elections Commission (KPU) ruled on Tuesday the troubled province of East Timor would receive four seats in the House of Representatives (DPR) rather than the 13 stipulated by the elections law, according to KPU deputy...

BHP sells Timor Sea stake to Phillips Petroleum

BHP sells Timor Sea stake to Phillips Petroleum MELBOURNE (Bloomberg): The Broken Hill Proprietary Co, Australia's biggest resources company, said on Tuesday it sold its interest in the Bayu Undan gas field and the Elang Kakatua field in the Timor Sea to Phillips Petroleum Co.

Military resort commands revamped

Military resort commands revamped JAKARTA (JP): Acting on the Armed Forces' (ABRI) pledge for a structural reorganization of its sociopolitical division, one of the city's two military resort commands on Tuesday disbanded all of its sociopolitical units and staff.

Search for missing passenger ended

Search for missing passenger ended SAMARINDA, East Kalimantan: Rescue workers stopped on Tuesday the search for Munadi, the only passenger of the downed Gatari Bell helicopter not yet accounted for. The helicopter crashed in the waters off the provincial coast here on April 4.

Councilors boycott session to endorse deputy governor

Councilors boycott session to endorse deputy governor JAKARTA (JP): A special plenary session of the city council called to endorse the sole candidate for deputy governor for economic and financial affairs was canceled when councilors refused to attend the session on Tuesday.

Aussie boosts exports to RI

Aussie boosts exports to RI CANBERRA (Bloomberg): Australia extended the trade credit insurance it provides to businesses exporting to South Korea and Indonesia by a four months, the government said Tuesday.

Govt credit scheme repeats past mistakes, say analysts

Govt credit scheme repeats past mistakes, say analysts JAKARTA (JP): Analysts again criticized the government's policy to provide heavily subsidized loans to small- and medium- sized companies and cooperatives.They said the government's program to provide Rp 10.8 trillion (US$1.

Press told to address potential social unrest

Press told to address potential social unrest JAKARTA (JP): Instead of waiting for violent outbreaks, potential conflict simmering beneath the nation's ethnic and cultural foundations should be addressed by the media, senior journalists and a sociologist agreed on Tuesday.

Tiger kills 40 goats

Tiger kills 40 goats BANDARLAMPUNG, Lampung: At least 40 goats belonging to residents of the Pengekahan enclave in West Lampung have been killed by one or more Sumateran tigers (panthera tigris Sumatrae) in the past two weeks.

Election funds to be disbursed

Election funds to be disbursed JAKARTA (JP): The city administration will "soon" disburse part of the Rp 10 billion to finance the operation of the June 7 general election, Governor Sutiyoso said on Tuesday.

World Bank's lessons from Indonesian economic crisis

World Bank's lessons from Indonesian economic crisis Dennis de Tray, who was replaced by Mark Baird on April 1 as the World Bank Country Director for Indonesia, saw his tenure in Indonesia that started in July, 1994, as the greatest episode personally and professionally, of his life.

KPU of prime importance

KPU of prime importanceFrom Media IndonesiaI refer to Media Indonesia's report of April 9 under the heading "The election committee (KPU)'s existence is only considered as a passing breeze" and would like to give the following explanation.

Aceh students stage protest for referendum

Aceh students stage protest for referendum JAKARTA (JP): Hundreds of university and senior high school students took to the streets of Lhokseumawe in Aceh on Tuesday to protest the tearing down of street banners demanding a referendum.

Breaking the old taboo

Breaking the old taboo One would think there was no other document on this planet more sacred than Indonesia's 1945 Constitution, which still plays a role as the very source of Indonesian laws. The historic legacy of our founding fathers is also said to be the only road that leads to a just and...

World Bank delays funds for RI

World Bank delays funds for RI HONG KONG (Agencies): The World Bank has delayed the payment of a US$600 million loan to Indonesia, after it failed to reach agreement with President B.J. Habibie's government on new measures to monitor the allocation of the funds, a report said Tuesday.

First Pacicif, Indofood deal at risk

First Pacicif, Indofood deal at risk HONG KONG (Reuters): An attractive source of diversification could slip away from First Pacific Co Ltd if a deal to buy a stake in Indonesia's PT Indofood Sukses Makmur fails to go through, analysts said on Tuesday.

Antitrust law may curb growth

Antitrust law may curb growthBy Christopher Lingle UBUD, Bali (JP): New antitrust legislation passed in Indonesia is likely to place an unintentional burden on the economy. In particular, proposals to exempt state enterprises from antimonopoly actions while targeting any and all private companies...

Tatlee Bank

Tatlee Bank Correction: The headline of an article which appeared on this page on Tuesday was incorrect. It should have identified Keppel Tatlee Bank as the seller of a stake in PT DBS. We regret the error. -- Editor

Fifty drivers in slalom test

Fifty drivers in slalom test JAKARTA (JP): About 50 drivers will compete in the third leg of the Gudang Garam Slalom Test race, to be held in the parking lot of Sentul racetrack near Bogor on April 18.Organizer Didi Hardianto said on Monday only junior racers and newcomers were allowed to compete...

Tight security imposed ahead of Anwar verdict

Tight security imposed ahead of Anwar verdict KUALA LUMPUR (Agencies): Malaysian paramilitary troopers on Tuesday took position around the courthouse where a judge is to deliver the verdict in the landmark trial of sacked finance minister Anwar Ibrahim.

14 timber companies lose concessions

14 timber companies lose concessions JAKARTA (JP): The government has revoked the logging concessions of 14 timber companies after they failed to pay overdue reforestation fees by April 1, Minister of Forestry and Plantations Muslimin Nasution said on Tuesday.

ISO 14001 for Tetra Pak

ISO 14001 for Tetra Pak JAKARTA (JP): Processing equipment manufacturers Tetra Pak Processing Systems Asia/Pacific and PT Indo-Laval have received ISO 14001 quality assurance certification for the environmental management system applied at their plants in Pulogebang, Cakung, East Jakarta.

Dignitaries gather to mourn Rahmi Hatta

Dignitaries gather to mourn Rahmi Hatta JAKARTA (JP): Rahmi Hatta, the widow of Indonesia's first vice president Mohammad Hatta, died on Tuesday morning at 73 after a two-week hospitalization for heart problems at Cipto Mangunkusumo General Hospital in Jakarta.

Special task force set up to campaign for 2006 Asiad

Special task force set up to campaign for 2006 Asiad JAKARTA (JP): The National Sports Council (KONI) appointed Arie Sudewo to chair a special team set up to campaign for Indonesia's bid to host the 2006 Asian Games.

RI's pre-Olympics soccer team to warm up in Malaysia

RI's pre-Olympics soccer team to warm up in Malaysia JAKARTA (JP): Indonesia will compete in the five-day Quadrangular Tournament for Olympic teams at Bukit Jalil National Stadium, Kuala Lumpur, as a warmup for the soccer prequalifying round for the 2000 Olympics.

House hails bills on ILO conventions

House hails bills on ILO conventions JAKARTA (JP): House members are hopeful three bills on International Labor Organization (ILO) conventions on workers rights submitted by the government last month will end labor exploitation here.

Laid off workers look abroad

Laid off workers look abroad SURABAYA: Hundreds of redundant workers across East Java have sought new jobs abroad in the past few months, an immigration official said here on Tuesday."Applications for passports have reached between 300 and 400 per day in the past few months, mostly coming from...

Telkom delays launching of its new satellite

Telkom delays launching of its new satellite JAKARTA (JP): The launch date of the new Telkom-1 satellite owned by state-owned telecommunications company PT Telkom has been rescheduled to the first half of July this year, the European space launcher Arianespace said on Tuesday.

Judge bars witness in forensic expert's trial

Judge bars witness in forensic expert's trial JAKARTA (JP): West Jakarta District Court barred on Tuesday testimony from a witness named by Marthadinata's parents in their suit against forensic expert Mun'im Idries, who they claim revealed their murdered daughter's autopsy results.

Rabies kills one in Sikka

Rabies kills one in Sikka MAUMERE, East Nusa Tenggara: Dogs carrying the rabies virus in Sikka regency have bitten and infected 13 people, killing one of them, a local health official said on Monday.Henyo Kerong of Sikka health office said the remaining dog bite victims were undergoing medical...

Golkar, PDI Perjuangan make peace in Purbalingga

Golkar, PDI Perjuangan make peace in Purbalingga PURBALINGGA, Central Java (JP): Golkar Party and the Indonesian Democratic Party of Struggle (PDI Perjuangan) have made peace following an attack on Golkar supporters.

ASEAN battered but will survive, says official

ASEAN battered but will survive, says official SYDNEY (Reuters): The Association of South East Asian Nations (ASEAN) has been battered by the Asian crisis, but has rallied to pave the way for the region's economic recovery, a senior ASEAN official said on Tuesday.