Archive: 3 April 1999
47 articles found
Sat, 03 Apr 1999, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Installation, Drawing Exhibition: Cenderamata Orde Batu by Moelyono, at Galeri Milenium, Blok B-23, Jl. R.S. Fatmawati No. 15, South Jakarta (Phone: 7507828), until April 12. * 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.
Sat, 03 Apr 1999, 00:00 WIB
Govt signs MOU on recapitalization with nine banks
Govt signs MOU on recapitalization with nine banks JAKARTA (JP): The government signed a memorandum of understanding (MOU) on Thursday with majority owners of nine private banks to join the government bank recapitalization program in a bid to suppress fears that the program may not go as scheduled.
Sat, 03 Apr 1999, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 1 , 1999: Shares Close Change Trading Volume ----------------------------------------------------- Ades Alfindo 350 125 39,500 AHAP Insurance 400 0 0 Alakasa Industrindo 75 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 350 -25 497,500 Aneka Kimia Raya 100 0 37,500 Aneka Tambang (Persero) 1,425 -25 2,682,000 Anwar Sierad 50 -25 170,000 APAC Centertex Corp 225 25 307,500 Aqua Golden Mississippi 2,700 0 0 Argha Karya...
Sat, 03 Apr 1999, 00:00 WIB
No imminent change in CPO export tax
No imminent change in CPO export tax JAKARTA (JP): The government has no immediate plan to reduce export taxes on crude palm oil (CPO) and its derivatives despite a drop in international prices. Minister of Industry and Trade Rahardi Ramelan said on Thursday the 40 percent export taxes on palm oil products would remain in place at least until May. "For now, I will not lower the taxes at least for the next two months," Rahardi said.
Sat, 03 Apr 1999, 00:00 WIB
Foreign investment handling
Foreign investment handling It is good news to hear that the Investment Coordinating Board intends to simplify licensing process for foreign investment. But it would be better if other units, such as the tax department, immigration office and labor department can work hand-in-hand with the board. Operating in Indonesia is just like operating in an unknown land to many investors. First of all, it is like becoming illiterate or blind as many papers and documents are in Bahasa Indonesia.
Sat, 03 Apr 1999, 00:00 WIB
RI, Vietnam sign trade deal
RI, Vietnam sign trade deal HANOI (AFP): Vietnam and Indonesia on Thursday signed a memorandum of understanding on counter trade, the Indonesian embassy said. The agreement was proposed to boost bilateral trade between the two cash-strapped countries, an Indonesian diplomat said. Under the proposed accord Vietnam will exchange agricultural goods and animal foodstuffs for Indonesian fertilizer, consumer goods and telecommunications equipment.
Sat, 03 Apr 1999, 00:00 WIB
Y2K compliance
Y2K compliance Bank Central Asia (BCA) is Y2K compliant. This means that BCA has upgraded its computer system so that it is ready to face 2000. BCA customers can feel safe depositing their money in BCA without fear of losing their savings, time deposits or any other accounts. It would not funny if suddenly, when you want to withdraw your money in 2000, the bank where you have a time deposit does not have your data.
Sat, 03 Apr 1999, 00:00 WIB
Top director enriches Indonesians with Dutch films
Top director enriches Indonesians with Dutch films By Gotot Prakosa JAKARTA (JP): Hes, a 40-year-old social worker at a state office, is a man who is indifferent to his surroundings. A witness of annoying bureaucratic attitude in the workplace, he has turned into a very cynical man. One day Hes learns about a mentally disabled 14-year-old girl who lost her parents in an accident. Hes tries to help by adopting the girl, but has to face the bitter reality of bureaucracy.
Sat, 03 Apr 1999, 00:00 WIB
Japanese contractor linked to kickbacks here: Report
Japanese contractor linked to kickbacks here: Report TOKYO (Agencies): A Japanese contractor allegedly paid at least 40 million (US$340,000) in kickbacks to cronies of former Indonesian president Soeharto and related ministries to get a railway contract, a report said Thursday. Tekken Corp. paid the money between 1988 and 1990 to the Udinda firm that acted as the Japanese firm's mediator in attempts to get the Jakarta railway deal, the Yomiuri Shimbun said.
Sat, 03 Apr 1999, 00:00 WIB
Acer expands in RI
Acer expands in RI JAKARTA (JP): Taiwanese computer manufacturer Acer Computer International Ltd, said on Thursday it would open several new branch offices in Surabaya, Bandung, Yogyakarta, Semarang, Medan and Ujungpandang. Company general manager for sales and distribution in Indonesia Bobby Change, said in a statement that Indonesia was still a market contender despite the ongoing economic and political instability.
Sat, 03 Apr 1999, 00:00 WIB
PMI gets help from UN body
PMI gets help from UN body JAKARTA: The United Nations World Food Program has agreed to provide 10,760 tons of rice to support a relief program organized by the Indonesian Red Cross (PMI). PMI secretary-general Soesanto Mangoensadjito said on Thursday the rice would be distributed to 645,000 poor people and 15,000 orphanages and foundations caring for disabled persons. "We will fill their rice demand for one year, starting from April 1999," he said.
Sat, 03 Apr 1999, 00:00 WIB
Japan works to revive its economy
Japan works to revive its economy By Christopher Lingle DENPASAR, Bali (JP): Japan's latest legislative package, which was passed in March, provides some promise to revive the country's stagnating economy. By focusing upon tax and financial sector reform, there are reduced dangers of Japan's economy crumbling under a combined weight of its own looming domestic crises and the impact of regional crises.
Sat, 03 Apr 1999, 00:00 WIB
Japanese cultural expo at Summitmas
Japanese cultural expo at Summitmas JAKARTA (JP): In an effort to promote Japanese culture in Indonesia, the Japan Foundation will hold a two-day exhibition on Japanese culture and language beginning next Friday. The event at the Japan Foundation's office at Summitmas Tower building in South Jakarta will feature different skills and crafts inherent to the Japanese culture. The exhibition will be opened to the public from 10 a.m. during the April 9 and April 10 expo.
Sat, 03 Apr 1999, 00:00 WIB
Thieves burned to death in Bekasi
Thieves burned to death in Bekasi JAKARTA (JP): Upset by a series of thefts in their neighborhood over the past few weeks, Bekasi residents of the Bintara Jaya housing complex burned two suspected thieves to death on Thursday. The two men were spotted by a neighborhood watch personnel stealing an air-conditioner from a local telecommunications service shop at 3 a.m., Antara quoted the residents as saying.
Sat, 03 Apr 1999, 00:00 WIB
President may allow ministers to campaign
President may allow ministers to campaign JAKARTA (JP): President B. J. Habibie will most likely allow Cabinet ministers to join election campaigns under certain conditions, State Secretary/Minister Akbar Tandjung, who is also the chairman of Golkar party, hinted on Thursday. "The President is preparing a government regulation which will arrange a leave of absence for ministers participating in election campaigns," Akbar told reporters.
Sat, 03 Apr 1999, 00:00 WIB
GRL's drilling result in Jambi
GRL's drilling result in Jambi DENVER (Dow Jones): Gulf Indonesia Resources Ltd. (GRL) said it has received positive results from a natural gas delineation well drilled in the South Jambi B Production Sharing Contract, or PSC, area in South Sumatra, Indonesia.
Sat, 03 Apr 1999, 00:00 WIB
Eleven killed in Tual as Maluku clashes resume
Eleven killed in Tual as Maluku clashes resume JAKARTA (JP): Religious clashes in the Southeast Maluku town of Tual have claimed at least 11 lives and injured 50, police and hospital sources said Friday. Head of the Tual General Hospital, Nona Notanubun, told Antara that a priest, Butje Hehanussa, and his two sons, Hensen Hehanussa and Dani, were killed as a result of machete attacks on Wednesday.
Sat, 03 Apr 1999, 00:00 WIB
IBRA seizes Rp100t in bad bank assets
IBRA seizes Rp100t in bad bank assets JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) took over Rp 100 trillion (US$11.5 billion) in nonperforming loans from the seven state banks. "The bad loans belong to some 1,200 debtors at Bank Bumi Daya, Bank Dagang Negara, Bank Pembangunan Indonesia, Bank Tabungan Negara, Bank Ekspor Impor Indonesia, Bank Rakyat Indonesia and Bank Negara Indonesia," IBRA deputy chairman Eko S. Budianto said on Thursday.
Sat, 03 Apr 1999, 00:00 WIB
RI falls behind RP 0-2 in Davis Cup openers
RI falls behind RP 0-2 in Davis Cup openers JAKARTA (JP): Host Indonesia was left with an uphill battle after it lost both matches on the first day of the second round Davis Cup Group II Asia Oceania zone on Friday. Indonesian junior Febi Widhiyanto let slip some key chances as he lost 6-7 (2-7), 1-6, 5-7 to Filipino Bryan Juinio to open the best-of-five match tie at Senayan indoor tennis stadium.
Sat, 03 Apr 1999, 00:00 WIB
Buddhists offer four days of free medical services
Buddhists offer four days of free medical services JAKARTA (JP): The Indonesian Buddhists Organization (Walubi), Tzu Chi International Buddhist organization and Jakarta Military personnel held a four-day free medical service for 9,481 people in Tangerang recently, a Walubi executive said on Thursday.
Sat, 03 Apr 1999, 00:00 WIB
Oil, gas bill will slash govt revenue: Pertamina
Oil, gas bill will slash govt revenue: Pertamina JAKARTA (JP): State oil and gas company Pertamina warned on Thursday that the government-proposed oil and gas bill currently being debated by the House of Representatives, if passed, would potentially reduce the government's revenue from the oil and gas sector.
Sat, 03 Apr 1999, 00:00 WIB
BP Amoco eyes ownership of Chandra Asri
BP Amoco eyes ownership of Chandra Asri JAKARTA (JP): British Petroleum Amoco Chemicals (BP Amoco), one of the world's biggest petrochemical companies, has shown an interest in entering debt-ridden PT Chandra Asri Petrochemical Center, Minister of Industry and Trade Rahardi Ramelan said on Thursday. Rahardi said BP Amoco's top executives told him during his visit to Britain last week that they wanted to build the biggest integrated olefin industry in Southeast Asia by acquiring Chandra Asri.
Sat, 03 Apr 1999, 00:00 WIB
Train accidents kill 10 soccer fans
Train accidents kill 10 soccer fans JAKARTA (JP): Nine PSIS Semarang fans died after being crushed by a train and another was electrocuted on a train roof in accidents in South and East Jakarta on Thursday, only hours before their team took the field, witnesses and hospitals reported. Five other soccer fans -- commonly known as bonek (literally "penniless but reckless") -- were seriously injured in the South Jakarta accident.
Sat, 03 Apr 1999, 00:00 WIB
Standard & Poor's waffling on RI rating irks the market
Standard & Poor's waffling on RI rating irks the market HONG KONG (Dow Jones): A rapid about-face by Standard & Poor's on Indonesia this week gave the Asian debt market ratings whiplash, prompting participants to once again pile criticism on the agency. On Tuesday, S&P lowered Indonesia's long-term foreign currency rating to a new level of SD, or "selective default," after the country said it was rescheduling the outstanding portion of a US$350 million syndicated loan.
Sat, 03 Apr 1999, 00:00 WIB
Police reforms should begin in earnest now: Retired generals
Police reforms should begin in earnest now: Retired generals JAKARTA (JP): Following the formal separation of police from the Armed Forces, former senior police officers said the work was only just beginning to gain true independence for the police and reeducate the force's personnel. Gen.
Sat, 03 Apr 1999, 00:00 WIB
PSIS sets up final showdown with Persebaya
PSIS sets up final showdown with Persebaya JAKARTA (JP): Dark horse PSIS Semarang turned the tables on Persija Jakarta in its semifinal on Thursday to set up a final showdown with defending champion Persebaya Surabaya in the fifth Indonesian Soccer League (Ligina) playoffs at Senayan soccer stadium. Persebaya failed to overcome the constant attack from PSMS Medan in the first match on Thursday.
Sat, 03 Apr 1999, 00:00 WIB
Troop behaviour condemned
Troop behaviour condemned JAKARTA (JP): The Jakarta Legal Aid Institute has condemned the violent actions of Armed Forces (ABRI) members against the Trisakti University students during their street rally on Wednesday in front of the Ministry of Defense and Security in Central Jakarta. The institute's director, Apong Herlina, said a statement made available to The Jakarta Post on Thursday he wanted ABRI Commander Gen.
Sat, 03 Apr 1999, 00:00 WIB
Former military commander dies
Former military commander dies JAKARTA (JP): Former Siliwangi military commander Lt. Gen. (ret) Ibrahim Adjie died at age 77 on Friday morning in Singapore, Antara news agency reported on Friday. The agency said he died at his apartment in the company of his wife and a physician. His body is scheduled to be brought to Istiqomah Mosque on the grounds of the Indonesian Embassy in Singapore, where prayers will be conducted. It was not reported where Ibrahim would be buried.
Sat, 03 Apr 1999, 00:00 WIB
Aussies charge RI of dumping
Aussies charge RI of dumping MELBOURNE (AP): Australia's industry and union leaders said Thursday the country's paper industry is at risk of being swamped by an Indonesian manufacturer with huge stockpiles and a reputation for dumping on overseas markets. Industry leader Amcor, unions and lobby groups have united in an appeal that Customs Minister Amanda Vanstone retain dumping penalties against Tjiwi Kimia, part of the Asia Pulp & Paper (PAP) conglomerate.
Sat, 03 Apr 1999, 00:00 WIB
SE Asian monies gain as dollar falls against yen
SE Asian monies gain as dollar falls against yen SINGAPORE (Dow Jones): Southeast Asian currencies ended Asian trading stronger against the U.S. dollar Thursday, following the U.S. currency's tumble against the yen during European trading hours Wednesday. North Asian currencies strengthened too. After Wednesday's move caught many market participants still sitting on long U.S. dollar positions against the regionals, some traders suggested that the U.S.
Sat, 03 Apr 1999, 00:00 WIB
Sheraton guests aid children
Sheraton guests aid children JAKARTA (JP): International hotel chain Sheraton Hotels & Resorts announced on Thursday that its two properties in Bali, the Sheraton Laguna Nusa Dua and the Sheraton Nusa Indah Resorts, had raised about US$50,000 in donations for Unicef since 1996. Sheraton said it had joined Unicef's "Check Out for Children" program since 1996 by encouraging its guests to give donations of $1 when settling their hotel bills.
Sat, 03 Apr 1999, 00:00 WIB
Soccer hooliganism in a time of crisis
Soccer hooliganism in a time of crisis Almost every time a soccer match is held, riots break out as a result of the behavior of supporters. This has reached such a degree that soccer is often seen as a "dangerous" sport. At the same time, however, it is also the most popular.
Sat, 03 Apr 1999, 00:00 WIB
Accreditation body for poll watchers formed
Accreditation body for poll watchers formed JAKARTA (JP): The General Elections Commission (KPU) formed on Thursday a committee to accredit foreign and domestic poll observers, KPU chairman Rudini said. "We welcome all poll watchers to observe the poll... but they must abide by KPU rules and international standards to avoid possible disputes," Rudini said after meeting with former United States president Jimmy Carter.
Sat, 03 Apr 1999, 00:00 WIB
Humpuss Group refuses to leave disputed buildings
Humpuss Group refuses to leave disputed buildings JAKARTA (JP): The widely diversified Humpuss Group has decided to remain in its two multistory buildings on Jl. Medan Merdeka Timur in Central Jakarta. The two buildings were sealed off by the local authorities last week for violating building usage rights.
Sat, 03 Apr 1999, 00:00 WIB
Antigraft bill submitted
Antigraft bill submitted JAKARTA (JP): Despite its foot-dragging probe into a number of alleged corruption cases involving former president Soeharto, his family and his cronies, the government submitted a bill on Thursday to amend an anticorruption law to the House of Representatives. Minister of Justice Muladi said, "Corruption crimes must be eradicated so that a just, prosperous and orderly Indonesia can materialize," Antara reported.
Sat, 03 Apr 1999, 00:00 WIB
Govt bans 172 bankers from traveling
Govt bans 172 bankers from traveling JAKARTA (JP): The government issued travel bans on 172 bankers on Thursday, almost three weeks after the closure of 38 ailing banks. Director General of Immigration Muhammad Mudakir said on Thursday the ban was imposed at the request of Minister of Finance Bambang Subianto. "I received the request at 2:50 p.m.," Mudakir said.
Sat, 03 Apr 1999, 00:00 WIB
RI researchers, students to Japan
RI researchers, students to Japan JAKARTA: A total of 104 Indonesian scholars departed for Japan on Thursday to continue their studies and research in various fields. The Information and Cultural Office at the Japanese Embassy here said in a release that 68 of the scholars, mostly researchers, were recipients of Japanese government scholarships. The remaining scholars received Indonesian government scholarships, which were funded by Japan's Overseas Development Assistance loan.
Sat, 03 Apr 1999, 00:00 WIB
Tangerang tax office exceeds target
Tangerang tax office exceeds target TANGERANG (JP): The Tangerang Revenue Office collected Rp 28.3 billion (US$3.3 million) in taxes and levies in the 1998/1999 fiscal year, exceeding it target by more than Rp 300 million, an official said on Friday. "We have thanked those who already paid their taxes, allowing us to reach and exceed our target," the head of the revenue office, Agus Burhanudin, said here. Agus also praised his staff and Tangerang Mayor M.
Sat, 03 Apr 1999, 00:00 WIB
Matahari suffers loss despite sales hike
Matahari suffers loss despite sales hike JAKARTA (JP): Retail chain PT Matahari Putra Prima booked a slight increase in sales and a stronger gross margin performance in 1998, but a huge foreign exchange loss put the company deeper into the red. Matahari announced on Thursday that sales during 1998 reached Rp 2.2 trillion (about US$258 million), an increase of 4 percent over 1997.
Sat, 03 Apr 1999, 00:00 WIB
Ita murder trial opens in Central Jakarta
Ita murder trial opens in Central Jakarta JAKARTA (JP): Opening statements were heard on Thursday at the Central Jakarta District Court in the trial of a 23-year-old man accused of killing a high school teenager in a highly publicized case last year. Prosecutor Amri Satta told the court that Suryadi, alias Otong or Bram, murdered his neighbor Marthadinata, or Ita, 18, on Oct. 9 at her family's house on Jl. Berlian in Kemayoran, Central Jakarta.
Sat, 03 Apr 1999, 00:00 WIB
Bankruptcy claim on Semen Cibinong denied
Bankruptcy claim on Semen Cibinong denied JAKARTA (JP): The Jakarta Commercial Court turned down a bankruptcy claim on Thursday filed by Bank Papan Sejahtera against PT Semen Cibinong and holding company PT Tirtamas Majutama due to an invalid letter of attorney.
Sat, 03 Apr 1999, 00:00 WIB
Reputed lawyer needed
Reputed lawyer needed On top of the terrible hardship which is afflicting the vast majority of this country's 210 million inhabitants -- the "fat cats" in their Mercedes, BMWs and Volvos are not suffering too greatly, nor, it would seem, are they making many sacrifices to help their less fortunate brethren -- as a result of an ongoing monetary crisis and economic recession, two new specters have arisen.
Sat, 03 Apr 1999, 00:00 WIB
Conversion Rates
Conversion Rates Bank Bali's conversion rates on April 1, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Sat, 03 Apr 1999, 00:00 WIB
IMF's aggressiveness
IMF's aggressiveness I was surprised that the IMF really proposed more money for Indonesia, revised letters of intent and was optimistic on the IMF program. A simple question crossed my mind: Can Indonesia afford to pay back the loan, when and by whom? As a taxpayer, I never feel the benefit of IMF aid. On the other hand, there will be more economic chaos ahead. Remember, Indonesia's foreign debts have grown to US$150 billion and there is no one to blame for such a huge debt.
Sat, 03 Apr 1999, 00:00 WIB
PM files defense to Anwar's suit
PM files defense to Anwar's suit KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad filed a statement of defense in response to a 100 million ringgit (US$26 million) defamation suit brought by his former deputy, the Bernama news agency said on Friday. The lawyers of fired minister Anwar Ibrahim filed a writ of summons at the capital's High Court in January, accusing Mahathir of slandering Anwar during a news conference on Sept. 22, 1998, the national news agency said.
Sat, 03 Apr 1999, 00:00 WIB
Police will take two years to 'become independent'
Police will take two years to 'become independent' JAKARTA (JP): Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto announced on Thursday that the police will have a two-year transition period to severe links from the military and develop into an independent force. Wiranto said it was "highly possible" that in time the police would be put under the command of the home affairs ministry as is the case in many foreign countries.
Sat, 03 Apr 1999, 00:00 WIB
World wants fair elections: Carter
World wants fair elections: Carter JAKARTA (JP): Former United States president Jimmy Carter said a free and fair general election would encourage peace and economic recovery in Indonesia. In a brief statement following his 90-minute meeting with President B.J. Habibie at Merdeka Palace on Thursday, Carter said people all over the world hoped to see the June 7 elections run in a free and fair manner for the sake of democracy, peace and economic progress here.