Indonesian Political, Business & Finance News

Archive: 15 April 1999

53 articles found

Two dignified sisters

Two dignified sisters Two sisters, Ibu Titi Subyakto and Ibu Rahmi Hatta, creme de la cerme of Indonesia's high society, have just passed away.They were beautiful, dignified and sophisticated, yet humble and very kind.We all have beautiful memories of them.May God bless their souls.

Unfrel states readiness for poll monitoring

Unfrel states readiness for poll monitoring JAKARTA (JP): Four months after it was founded, the University Network for Free and Fair Elections (Unfrel) declared on Wednesday it was prepared for its poll monitoring tasks.

Garuda Indonesia eyes return to stability this year

Garuda Indonesia eyes return to stability this year SINGAPORE (Agencies): Indonesia's debt-ridden state airline Garuda Indonesia is on target to meet its US$30 million profit target for 1999 and expects business to return to normal after this year's elections, an executive said on Wednesday.

Mia gets another chance

Mia gets another chance JAKARTA (JP): The Badminton Association of Indonesia (PBSI) is allowing top women's shuttler Mia Audina to prepare for the Sudirman Cup and World Championships next month despite complaints over her undisciplined behavior.

Crossing the bridge to democracy

Crossing the bridge to democracy The threat that the planned general election will not be held (on June 7) seems to send the signal that both our bureaucrats and our reformists have lost interest in the fate of this country.

Repair work sarts on damaged Madura underwater cables

Repair work sarts on damaged Madura underwater cables SURABAYA (JP): State electricity company PLN began on Wednesday repairs on two damaged underwater cables between Java and the outlying island of Madura.Head of PLN's East Java distribution office Hizban Achmad said the task would take two months.

Visa expands RI operation with new card

Visa expands RI operation with new card JAKARTA (JP): Visa International is expanding its operations in Indonesia despite the economic crisis, and it is planning a major campaign in May to promote its new Electron card, its representative here said on Wednesday.

Informal talks likely after ceremony

Informal talks likely after ceremony HANOI (AP): Southeast Asian foreign ministers may hold unofficial talks after they admit Cambodia into their regional grouping on April 30, a Vietnamese official said on Wednesday.

Sultan meets Malaysian PM

Sultan meets Malaysian PM KUALA LUMPUR (AP): Sultan Hassanal Bolkiah of Brunei paid a visit on Wednesday to Malaysian Prime Minister Mahathir Mohamad, who is recuperating from a lung infection at his private residence.

64 bodies remain unburied in Maluku

64 bodies remain unburied in Maluku JAKARTA (JP): At least 64 bodies from communal clashes in Southeast Maluku regency earlier this month have not yet been buried in two villages in the area, Antara reported on Wednesday.

Nikko sues local franchisee

Nikko sues local franchisee JAKARTA (JP): PT Nikko Securities Indonesia is filing a bankruptcy claim against listed food franchisee PT Putra Sejahtera Pioneerindo for failing to pay Rp 7.5 billion (around US$882,000) in promissory notes, a company official said on Tuesday.

Attorney General to investigate bribery scandal

Attorney General to investigate bribery scandal BANDUNG, West Java (JP): The Attorney General's Office has formed a team to investigate alleged bribes given by Japanese companies to senior Indonesian officials.Attorney General Andi M.

Soeharto says fair election 'difficult'

Soeharto says fair election 'difficult' TOKYO (Reuters): A climate of violence and fierce competition threatens the fairness of Indonesian general elections in June, former president Soeharto said in an interview published on Wednesday.

Singapore in top rank

Singapore in top rank SINGAPORE (AP): Expatriate businessmen in Asia have rated Singapore first among countries in the region for its response to a nearly two-year-old economic crisis, according to survey results reported Wednesday.

Inco to receive loans from parent company

Inco to receive loans from parent company JAKARTA (JP): PT International Nickel Indonesia said on Wednesday that its parent company Inco Limited of Canada would provide subordinate loans totaling US$200 million to support its activities.

RI's macroeconomic situation remains difficult

RI's macroeconomic situation remains difficult The following is the International Monetary Fund's Public Information Notice (PIN) No. 99/33 issued on April 13 reviewing the situation in Indonesia. WASHINGTON: On March 25, 1999 , the Executive Board concluded the 1999 Article IV consultation with...

Southeast Asian currencies strengthen on yen's rally

Southeast Asian currencies strengthen on yen's rally SINGAPORE (Dow Jones): A rally in the Japanese yen, which saw the U.S. dollar tumble to a low of 118.92 yen in Asian trading hours, triggered a steep run-up in Southeast Asian currencies Wednesday.

CAPI provides a platform for visiting scholars

CAPI provides a platform for visiting scholarsBy Dewi Anggraeni VICTORIA, Canada (JP): Victoria, the pretty and neat capital of British Columbia in Canada, is not a place one would expect to see a reunion of Indonesians.

An expert's testimony

An expert's testimony An article in the April 12 issue of The Jakarta Post on the identification of areas of possible future unrest in Indonesia appears to have incorrectly applied the background of at least one of the two major contributors to the article.

Indonesian sees recovery in tourism industry

Indonesian sees recovery in tourism industry SINGAPORE (AFP): Indonesian tourism authorities expressed confidence Wednesday the country's battered travel industry will recover this year in the wake of negative publicity over sectarian riots.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 14, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 400 0 318,500 AHAP Insurance 425 0 0 Alakasa Industrindo 75 0 0 Alter Abadi 225 0 0 Alumindo Light Metal...

One killed in helicopter accident

One killed in helicopter accident JAKARTA (JP): A helicopter chartered by ARCO Indonesia crashed on Wednesday off the coast of West Java, killing at least one passenger.A spokesman for state oil and gas company Pertamina, Toto Suparto, told The Jakarta Post that three other people on board the...

Governor satisfied with registration

Governor satisfied with registration JAKARTA (JP): Governor Sutiyoso expressed his satisfaction on Wednesday with the many Jakartans registering for the June 7 general election.He said 65 percent of all eligible voters had registered by Tuesday."This is spectacular.

'Aufklarung' for new RI

'Aufklarung' for new RIFrom NeracaChanging a paradigm is not a simple matter. The pattern adopted during 32 years of New Order rule may have turned into an axiom, especially if a bad paradigm has been implanted coercively by means of power in pursuit of goals devoid of morality.

The Cold War may be reignited

The Cold War may be reignitedBy Muhammad Takdir JAKARTA (JP): On consecutive days in mid-March 1999, the Senate and House voted in Capitol Hill to endorse the national missile defense system. Their votes signified the closest deployment of the most advanced technology in missile defense technology...

Clean election more crucial than turnout, says Habibie

Clean election more crucial than turnout, says Habibie JAKARTA (JP): President B.J. Habibie on Wednesday shrugged off expectations of low voter turnout for the June 7 general election, saying it was more important for the elections to be clean.

Marvelous Asia in the eyes of a banker

Marvelous Asia in the eyes of a bankerBy K. Basrie JAKARTA (JP): The dividing line between Asia and Europe is still debatable. But the "border" is very much clear for the private life of Paul Beiboer, a Dutch photography enthusiast and Asia-based banker by profession.

Aceh exports coffee

Aceh exports coffee JAKARTA (JP): The Central Village Cooperative (Puskud) in Aceh will export 16 tons of Arabica coffee to Denmark at the end of this month.Puskud chairman Hasbi Ali said on Wednesday this would be the first time the cooperative had exported coffee.

Where to go in Bali:

Where to go in Bali:Exhibitions * The Bali Starling Painting Exhibition, at the Oberoi Hotel, in Seminyak, until April 23. * Arts Exhibition: by Gde Sudarma, at The Chedi Gallery, Desa Melinggih Kelod, Payangan Gianyar, Ubud (Phone: 0361 975963), until May 17.

House annuls subversion law

House annuls subversion law JAKARTA (JP): The House of Representatives passed on Wednesday a bill scrapping the draconian 1963 subversion law while endorsing simultaneously another which opens the door to stricter prosecution for crimes against the state.

Jakarta Fair canceled

Jakarta Fair canceled JAKARTA (JP): The city administration has decided to cancel the 32nd annual Jakarta Fair, usually held in June, due to lack of interest and the unpredictable sociopolitical situation, a fair management executive said on Wednesday.

BI downplays WB fund delay

BI downplays WB fund delay JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Wednesday the reported delay in disbursement of a US$600 million World Bank loan would not negatively impact the country's crisis- hit economy due to improvements in macroeconomic conditions.

Pepper production to plunge this year

Pepper production to plunge this year JAKARTA (JP): Indonesia's pepper production is expected to decline sharply this year due to heavy rains in the main pepper growing areas of Bangka Island and Lampung, southern Sumatra, traders have said.

Elderly woman and maid killed, motive unclear

Elderly woman and maid killed, motive unclear JAKARTA (JP): An elderly woman and her housemaid were found dead in a residential house on Jl. Kebahagiaan in Krukut subdistrict in Taman Sari, West Jakarta, on Wednesday afternoon.

Health official denies graft

Health official denies graft MAUMERE, East Nusa Tenggara: The head of local the health office, Pangkrasio Iskandar, denied on Wednesday allegations that he had skimmed Rp 420 million (US$48,000) off Rp 65 billion in foreign aid for the regency's social safety net program.

Anwar verdict sparks clashes and indignation

Anwar verdict sparks clashes and indignation KUALA LUMPUR (Agencies): Malaysia's former finance minister Anwar Ibrahim was sentenced to six years in jail for corruption on Wednesday, triggering violent street protests by enraged supporters and international indignation.

Military's neutrality 'still rhetoric': Observer

Military's neutrality 'still rhetoric': Observer SURABAYA (JP): A former high-ranking military officer said on Wednesday the Armed Forces' neutrality this year should not be taken for granted because it may discreetly side with its long- standing ally the Golkar Party.

W. Sumatra invites foreign writers

W. Sumatra invites foreign writers PADANG, West Sumatra: The West Sumatra administration has invited 15 foreign writers to visit this province between April 16 and April 19 in a bid to revitalize tourism here.

Asian leaders, rights groups pan Anwar verdict

Asian leaders, rights groups pan Anwar verdict KUALA LUMPUR (Agencies): Asian leaders joined human rights groups on Wednesday in denouncing the six-year prison term given to Malaysia's convicted deputy prime minister.

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Photo Exhibition: by Foto Club Surabaya (FOKUS), at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., until April 21.Seminars * Photography Seminar, coordinated by Foto Club Surabaya (FOKUS, at CCCL - French Cultural Center,...

Former chief of Dolog Jaya tried for rice aid scam

Former chief of Dolog Jaya tried for rice aid scam JAKARTA (JP): Former head of the Jakarta Logistics Agency (Dolog Jaya) Ahmad Zawawi, was indicted at the North Jakarta District Court on Wednesday on corruption charges over the distribution of imported rice.

Police crack car theft rings, seize 26 vehicles

Police crack car theft rings, seize 26 vehicles JAKARTA (JP): Police have seized 26 stolen vehicles from three alleged auto theft gangs and have arrested 12 suspects since the start of this month, an officer said on Wednesday.Jakarta Police detectives chief Col.

Sikhs have new temple in North Jakarta

Sikhs have new temple in North Jakarta JAKARTA (JP): Minister of Religious Affairs Malik Fajar inaugurated on Wednesday a new Sikh temple in Tanjung Priok, North Jakarta, in a ceremony attended by at least 500 members of the Indian Sikh and Sindhi communities here.

Govt to restructure bad corporate debts

Govt to restructure bad corporate debts JAKARTA (JP): The government has agreed to restructure the nonperforming loans of the 20 largest corporate debtors at the country's seven state banks, according to chairman of the Indonesian Bank Restructuring Agency (IBRA) Glenn S. Yusuf.

Suggestions to Ancol Marina

Suggestions to Ancol Marina We would like to express our most sincere appreciation to Arthamara Wisata (Ancol Marina) and the staff at Bira Besar island for a most relaxing and enjoyable Easter weekend.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on April 14, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,660.00 8,710.00 8,660.00 8,750.00Australian dollar 1 5,495.15 5,569.30 5,470.00 5,669.00Austrian schilling 1 675.39 684.29 - -Belgian franc 1 230.

Mass plundering at plantations

Mass plundering at plantations SEMARANG: Some 1,000 hectares of plantations belonging to state and private companies in the provinces have been plundered or occupied in the past year, costing the firms hundreds millions rupiah in financial losses.

BI keeps interest rate rule despite IMF's warning

BI keeps interest rate rule despite IMF's warning JAKARTA (JP): The country's monetary authority will continue to allow interest rates to fall despite a warning from the International Monetary Fund (IMF).

Liza, Wukirasih fined for absences

Liza, Wukirasih fined for absences JAKARTA (JP): Singles players Liza Andriyani and Wukirasih Sawondari have been fined by the Women's Tennis Association (WTA) for missing tournaments.The Indonesian Tennis Association deputy secretary-general, Subiyanto, said on Wednesday that Liza had been fined...

Xanana calls for peace, dialog in East Timor

Xanana calls for peace, dialog in East Timor JAKARTA (JP): Jailed rebel leader Jose Alexandre "Xanana" Gusmao appealed for peace on Wednesday, but said he could not let East Timorese be slaughtered like animals.

'Dewa Ruci' sets sail for U.S.

'Dewa Ruci' sets sail for U.S. SURABAYA: Seventy-three Navy cadets will head for the United States aboard training ship KRI Dewa Ruci on Sunday.This year's mandatory across-the-world sail will last five months.

World Bank acts firmly

World Bank acts firmly The World Bank, apparently determined not to repeat its past mistake of glossing over corruption in Indonesia, has acted firmly in safeguarding its aid. In what could be the most assertive stance it has ever taken in a policy dialog with the government, the bank decided to...

CPO prices maintained

CPO prices maintained JAKARTA (JP): The Ministry of Industry and Trade has maintained reference prices used to calculate the payment of export taxes on crude palm oil (CPO) and its by-products.The ministry said on Wednesday the new reference prices would be effective until May 8.