Indonesian Political, Business & Finance News

Archive: 16 April 1999

41 articles found

Hoodlum killed by mob

Hoodlum killed by mob JAKARTA (JP): A known hoodlum who operated in the Jatiuwung district in Tangerang was mobbed to death by angry residents on late Tuesday, a police officer said.Also on Tuesday, at around 9 p.m.

No paper

No paper In observance of Islamic New Year, The Jakarta Post will not be published tomorrow. The Post will appear again on Sunday. -- Publisher

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Dua Ekspresi, by Syarief Hidayat and Hassan Pratama, at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (Phone: 7194270), until April 30. * Painting Exhibition: Works of Nina Saputra, the Fine Arts and Ceramics Museum, Jl. Pos Kota No.

Baduy tribespeople want out of June elections

Baduy tribespeople want out of June elections JAKARTA (JP): Four representatives of the Kanekes people, more commonly known as the Baduy, of Lebak regency, West Java, requested to the General Elections Commission on Thursday that they be exempted from voting in the June 7 general election.

Misdeed costs Telkom over Rp 6t in financial loss

Misdeed costs Telkom over Rp 6t in financial loss JAKARTA (JP): Mismanagement cost state-owned domestic telecommunications provider Telkom at least Rp 6.08 trillion (around US$715 million) in financial losses, according to the Indonesia Corruption Watch (ICW).

Minor clashes continue in Sambas regency

Minor clashes continue in Sambas regency JAKARTA (JP): Sporadic attacks continue against Madurese migrants in the West Kalimantan regency of Sambas, provincial police chief Col. Chaerul Rasjid said on Thursday.

Developing a relevant civil society in contemporary RI

Developing a relevant civil society in contemporary RIBy Mochtar Buchori PARIS (JP): At a recent conference on Civil Society and Governance here, the dominant tendency among the participants was to emphasize the tension between state and civil society.

Housemaid kills unwanted baby

Housemaid kills unwanted baby BOGOR (JP): A 24-year-old housemaid was arrested for allegedly killing her unwanted baby, the result of a relationship with her male employer, an officer said on Wednesday.Bogor Regency Police chief Lt. Col.

Strong quake jolts Ternate

Strong quake jolts Ternate TERNATE, Maluku: A tectonic earthquake measuring 6.8 on the Richter scale jolted the North Maluku district town of Ternate and its surrounding area on Wednesday at 3:45 p.m. local time, Antara reported on Thursday.

Madura to get power back

Madura to get power back JAKARTA: State-run electricity company PT Perusahaan Listrik Negara (PLN) confirmed the power supply to the island of Madura, East Java, would return to normal by the end of this month, Antara reported.

Search continues for helicopter crash victims

Search continues for helicopter crash victims JAKARTA (JP): A search and rescue team continued its search for the missing crewmen and passenger from the helicopter chartered by Atlantic Richfield Company (ARCO) Indonesia which crashed in the Java Sea on Wednesday.

Chase will accept Indonesian L/Cs

Chase will accept Indonesian L/Cs JAKARTA (JP): The Indonesian Exporters Association (GPEI) said Thursday it had received firm commitment from the New York-based Chase Manhattan Bank to facilitate overseas transactions.GPEI secretary-general Johannes L.

WB holds corporate seminar

WB holds corporate seminar JAKARTA (JP): The World Bank and the Jakarta Initiative will hold a one-day seminar on corporate governance reform at Hotel Gran Mulia here on Monday.The bank said in a statement on Thursday it would examine the fundamentals of sound corporate governance practices and...

Rowing venues moved to Curug

Rowing venues moved to Curug JAKARTA (JP): Indonesia will move rowing training venues to Curug, Karawang, in West Java from the site at Jatiluhur dam in preparation for the 2006 Asian Games, a sports official said on Thursday.

Parties' flags to start flying in city on May 19

Parties' flags to start flying in city on May 19 JAKARTA (JP): The city administration will officially hoist flags of the 48 political parties contesting the June 7 general election on May 19, the first day of the two-week campaigning period, an official said on Thursday.

Hendrawan focused on Sudirman Cup

Hendrawan focused on Sudirman Cup JAKARTA (JP): Men's singles coach assistant, Joko Supriyanto, said Hendrawan would be prepared for the Sudirman Cup, while Taufik Hidayat and Budi Santoso would receive training for the World Championships.

New tax will reduce RI wood's competitive edges

New tax will reduce RI wood's competitive edges JAKARTA (JP): The Association of Indonesian Forest Concessionaires (APHI) expressed concern on Thursday that the planned progressive levies to be imposed on timber companies will make Indonesian wood-based products less competitive in international...

Aceh students, residents vandalize national flags

Aceh students, residents vandalize national flags JAKARTA (JP): Thousands of students and residents on Thursday vandalized national flags in Lohksukon, North Aceh, following the removal of banners demanding a referendum on the troubled province's future.

Blast rocks capital shopping center

Blast rocks capital shopping center JAKARTA (JP): A strong blast rocked the three-story Hayam Wuruk Plaza shopping center in West Jakarta on Thursday morning, shattering the windows of at least four shops on the plaza's ground floor and panicking shoppers.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on April 15, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,625.00 8,685.00 8,625.00 8,725.00Australian dollar 1 5,440.80 5,521.25 5,415.00 5,571.00Austrian schilling 1 673.96 683.65 - -Belgian franc 1 229.

INDRA extends entry deadline

INDRA extends entry deadline JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) has extended the deadline for entry to its program from June 30 to Dec. 31 because there have been no takers so far.

East Java soldiers' wives urged to quit PDI, PKB

East Java soldiers' wives urged to quit PDI, PKB JAKARTA (JP): Members of the Armed Forces (ABRI) in East Java will have to bear the consequence if their wives refuse to resign from political parties, an officer said here on Thursday.The commander of the Brawijaya regional military command, Maj.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 15, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 400 0 157,500 AHAP Insurance 425 0 0 Alakasa Industrindo 75 0 20,000 Alter Abadi 225 0 0 Alumindo Light...

Rothmans protests new excise policy

Rothmans protests new excise policy JAKARTA (JP): Cigarette producer PT Rothmans of Pall Mall Indonesia, a unit of Australia's Rothmans Holding Limited, lodged a protest on Thursday against the new cigarette excise, saying the tax would kill its business.

Parties prepare potential vote getters

Parties prepare potential vote getters JAKARTA (JP): Some of the top contenders in the June 7 general election are fielding their leading campaigners as legislative candidates. In some cases, provincial chapters are racing to nominate the same people.

Inglorious verdict

Inglorious verdict The six-year prison sentence passed on Malaysia's former deputy prime minister Anwar Ibrahim on Wednesday is considered by many to be overly harsh and a violation of the principles of natural justice.

Riot mars village head election

Riot mars village head election PURWOKERTO, Central Java: Election for a village head in the Patikraja district, Banyumas regency was canceled Thursday, leading to a riot in which hundreds of people destroyed polling booths and ballots.

MAS expands in London, NY

MAS expands in London, NY SINGAPORE (DPA): The Monetary Authority of Singapore (MAS) has opened a London representative office and expanded its New York facilities in an effort to promoting the city-state as an international financial center amid the Asian economic crisis.

Robbers kill bank security guard, wounds manager

Robbers kill bank security guard, wounds manager JAKARTA (JP): A security guard at a branch of Bank Central Asia (BCA) in West Jakarta was fatally stabbed and the bank manager suffered stab wounds in an foiling armed robbery on Thursday afternoon.The incident at the branch on Jl.

Recapitalization agreement signed

Recapitalization agreement signed JAKARTA (JP): The government will issue bonds in two weeks to raise funds to recapitalize nine private banks, a process which will cost a total of some Rp 21.3 trillion (US$2.5 billion).

Beefing up consumer protection

Beefing up consumer protectionBy Stefanus Haryanto BATAM, Riau (JP): The bill on consumer protection, which has been unanimously approved by the House of Representatives (DPR), will provide a strong legal basis for consumer organizations to file lawsuits against manufacturers of certain defective...

Daniri elected new president of JSX to replace Cyril Noerhadi

Daniri elected new president of JSX to replace Cyril Noerhadi JAKARTA (JP): Members of the Jakarta Stock Exchange (JSX) elected on Thursday Mas Achmad Daniri as the exchange's new president, replacing D. Cyryl Noerhadi.

SEA Games health tests for athletes delayed

SEA Games health tests for athletes delayed JAKARTA (JP): Sixteen out of 454 athletes who will compete in the 20th South East Asian (SEA) Games in Brunei Darussalam in August are currently undergoing medical tests at the Sports Science Commission (KIOR) of the National Sports Council (KONI).

City military police has new chief

City military police has new chief JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman installed Col. Mungkono Mursidi on Thursday as the new commander of the city military police (Pomdam Jaya), replacing Col. Hendardji.

Citibank issues prepaid disposable travelers card

Citibank issues prepaid disposable travelers card JAKARTA (JP): Citibank launched on Thursday the Citibank Visa TravelMoney card, a prepaid disposable card that allows travelers to withdraw cash at any Visa ATM in the currency of their destination.

Belo tells groups to end hostilities

Belo tells groups to end hostilities JAKARTA (JP): Dili Bishop Carlos Filipe Ximenes Belo on Thursday appealed to jailed rebel leader Jose Alexandre "Xanana" Gusmao and warring faction leaders to end hostilities in East Timor.

U.S. summer love recalled in 'storygraph'

U.S. summer love recalled in 'storygraph'By Helly Minarti JAKARTA (JP): In this time of crisis, which has set limitations on many, some privileged people can still make their dream come true.One of them is Rio Haminoto, known as Alumera.

Taekwondo athletes to train in S. Korea

Taekwondo athletes to train in S. Korea JAKARTA (JP): Indonesia will send four taekwondo athletes for training in South Korea in preparation for the 2000 Olympic Games in Sydney, Australia.The National Sports Council's (KONI) deputy chief of media and promotion, Ahmed Solihin, identified the...

Water workers protest 'illegal partnership'

Water workers protest 'illegal partnership' JAKARTA (JP): Some 1,000 protesters of city-owned water company PDAM Jaya staged a demonstration at City Hall on Monday demanding an end to the partnership of PDAM Jaya and its two foreign partners, PT TPJ and PT Palyja.

'Court to declare' Dharmala bankrupt

'Court to declare' Dharmala bankrupt JAKARTA (JP): The Supreme Court is set to declare publicly listed PT Dharmala Agrifood bankrupt, overruling its decision in February, lawyers close to the case said.

PBB fears deadlock over presidency

PBB fears deadlock over presidency JAKARTA (JP): Leading politician Yusril Ihza Mahendra expressed concern over the possibility of a deadlock in the November presidential election if poll contestants, all fielding their own candidates, could not agree on the winner.