Archive: 14 May 1999
46 articles found
Fri, 14 May 1999, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 12, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 375 0 50,000 AHAP Insurance 425 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 300 25 15,000 Alumindo Light Metal 775 75 63,500 Aneka Kimia Raya 250 25 118,000 Aneka Tambang (Persero) 1,750 -50 10,294,500 Anwar Sierad 150 25 1,400,000 APAC Centertex Corp.
Fri, 14 May 1999, 00:00 WIB
Sumitomo sues cable producer
Sumitomo sues cable producer JAKARTA (JP): PT Bank Sumitomo Niaga filed a bankruptcy claim against PT Supreme Cable Manufacturing Corporation for failing to pay its debt of US$3 million in promissory notes, the bank's lawyer said on Wednesday. Cemby Hutapea of Kemalsjah, Cemby and Avriline law firm said the action was taken because the cable manufacturer could not settle debts which matured on Jan. 9. Sumitomo said the company also was indebted to another joint venture bank, Daiwa Perdania Bank.
Fri, 14 May 1999, 00:00 WIB
Electronics firms in Taiwan up beat on Indonesia's prospects
Electronics firms in Taiwan up beat on Indonesia's prospects By Sylvia Gratia M. Nirang TAIPEI (JP): Taiwan electronics firms have expressed optimism about Indonesia's prospects, saying they will invest in the country once it recovers from the crisis. Executives of two major electronic firms said at a meeting with visiting Minister of Industry and Trade Rahardi Ramelan on Thursday that Indonesia remained a promising destination to develop an electronic industry because of cheap labor.
Fri, 14 May 1999, 00:00 WIB
Government to sign new letter of intent with IMF
Government to sign new letter of intent with IMF JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said on Wednesday the government would sign a new letter of intent with the International Monetary Fund (IMF) either on Friday or Monday. Ginandjar said the letter would include new economic assumptions reflecting a faster than anticipated economic recovery.
Fri, 14 May 1999, 00:00 WIB
Thousands attend signing of peace deal in riot-torn Ambon
Thousands attend signing of peace deal in riot-torn Ambon JAKARTA (JP): Over 10,000 people attended the signing of a peace accord in the Maluku capital of Ambon on Wednesday which many hope will mark an end to months of deadly clashes between Muslim and Christian groups in the province. M.G. Lailossa, chairman of the committee which supervised the drafting of the accord, told The Jakarta Post by phone from Ambon that the ceremony took place in front of the governor's office in Merdeka Square.
Fri, 14 May 1999, 00:00 WIB
Officials accused of safety net funds abuse
Officials accused of safety net funds abuse JAKARTA (JP): At least 18 residents of Karang Anyar subdistrict in Central Jakarta have lodged complaints to city police about data manipulation and abuse of social safety net funds. On Wednesday, two of the residents filed reports on the misuse of the social safety net program funds in their area.
Fri, 14 May 1999, 00:00 WIB
APEC debates financial reforms
APEC debates financial reforms LANGKAWI, Malaysia (AFP): APEC central bankers and finance officials opened talks Thursday to lay the groundwork for the group's finance ministers to reinforce reforms to hasten an Asian economic recovery. Representatives from all 21 economies of the Asia-Pacific Economic Cooperation (APEC) forum attended the informal talks at the popular resort island of Langkawi in northwestern peninsular Malaysia.
Fri, 14 May 1999, 00:00 WIB
Muslim women rally against violence
Muslim women rally against violence JAKARTA (JP): A number of Muslim women's organizations held a rally at the square of the Al Azhar Mosque in South Jakarta Thursday to call for an end to violence and to preserve national unity.
Fri, 14 May 1999, 00:00 WIB
Civil code for bankruptcy law
Civil code for bankruptcy law By Frans H. Winarta The following is an excerpt from a paper presented at a recent conference in Jakarta on 150 Years of the Indonesian Civil Code: The Civil Law Basis for a Modern Bankruptcy Law. The conference was jointly organized by the Ministry of Justice and the Netherlands' University of Leiden. JAKARTA: The monetary crisis has put a number of companies in financial difficulties. Many do not have the ability to pay back their loans.
Fri, 14 May 1999, 00:00 WIB
Indonesia's forex reserves rise to $16.05 billion
Indonesia's forex reserves rise to $16.05 billion JAKARTA (JP): Indonesia's net foreign reserves rose to US$16.05 billion in the week ending on May 7 from $16.02 billion the previous week, the central bank said in its latest weekly report. Bank Indonesia attributed the increase in the country's net foreign reserves to higher revenue from oil and gas exports.
Fri, 14 May 1999, 00:00 WIB
PLN to buy Pertamina geothermal steam
PLN to buy Pertamina geothermal steam JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) signed an agreement on Wednesday to buy geothermal steam from state oil and gas company Pertamina for its planned 20-megawatt (MW) power plant in North Sulawesi. PLN's President Director Adhi Satriya said that PLN would buy geothermal steam from Pertamina for 30 years starting from 2001.
Fri, 14 May 1999, 00:00 WIB
Priests and nuns march in Dili in bid to resume peace
Priests and nuns march in Dili in bid to resume peace DILI, East Timor (JP): Catholic priests and nuns joined a huge rally on the streets of Dili on Thursday calling for an end to violence in the province. Dili Bishop Carlos Ximenes Filipe Belo and Baucau Bishop Basilio do Nascimento led the candlelight vigil including approximately 1,000 residents from the Cathedral to the Balide church.
Fri, 14 May 1999, 00:00 WIB
Conversion Rates
Conversion Rates Bank Bali's conversion rates on May 12, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Fri, 14 May 1999, 00:00 WIB
Trisakti tragedy remembered
Trisakti tragedy remembered JAKARTA (JP): Thousands of students from universities in cities across the country staged peaceful street rallies on Wednesday to commemorate the one-year anniversary of the fatal shooting of four Trisakti University students. No clashes occurred during the rallies. In Jakarta, more than 1,000 students from universities and student organizations took to the capital's main thoroughfares to observe the May 12 tragedy, watched by scores of security troops.
Fri, 14 May 1999, 00:00 WIB
Water firm's president fired for incompetency
Water firm's president fired for incompetency JAKARTA (JP): Governor Sutiyoso fired the president of city water company PDAM Jaya, Rama Boedi, saying the latter was unable to resolve the company's internal problems. Deputy Governor for Development Affairs Budihardjo Soekmadi said Wednesday's dismissal occurred because Rama was too slow in settling a prolonged dispute between employees of the company and the firm's two foreign partners, PT Thames Pam Jaya (TPJ) and PT Pam Lyonnaise Jaya (Palyja).
Fri, 14 May 1999, 00:00 WIB
Untrendy Indonesia not a hit in Japan
Untrendy Indonesia not a hit in Japan By Sylvia Gratia M. Nirang TOKYO (JP): Japanese traders are reluctant to import Indonesian clothes, which are seen as unfashionable here, a visiting Indonesian minister said. "Japanese importers told me they preferred to import from other countries because Indonesia's garment products were often out of mode and unfashionable," Minister of Industry and Trade Rahardi Ramelan said after meeting with Japan's major textile and garment importers.
Fri, 14 May 1999, 00:00 WIB
Foreigners tender $3.2b in RI debt
Foreigners tender $3.2b in RI debt LONDON (Reuters): Bank Indonesia and Deutsche Bank AG said on Thursday more than US$3.2 billion of external debt of Indonesian banks was tendered by creditors in an exchange to help the country restructure its banking system. "The amount of tendered debt exceeded substantially the threshold amount of $2.4 billion provided under the terms of the exchange offer," the banks said in a joint statement issued in London.
Fri, 14 May 1999, 00:00 WIB
Anwar scoffs at official's remark
Anwar scoffs at official's remark KUALA LUMPUR (AP): Jailed Malaysian politician Anwar Ibrahim criticized a Cabinet minister for saying his wife, a budding opposition figure, was Chinese and therefore unqualified to lead native Malays, a statement said on Thursday. Anwar, the former No. 2 leader of Malaysia, reacted angrily in a statement written from his jail cell.
Fri, 14 May 1999, 00:00 WIB
EVA Air upbeat on RI flights
EVA Air upbeat on RI flights JAKARTA (JP): Taiwan's EVA Air said the flow of passengers from Taiwan to Indonesia remained strong despite security fears ahead of the June 7 general election. "We are overbooked for trips to Bali and have quite a few passengers for Jakarta starting from May and it should continue strong until June," EVA Air Indonesia country manager Makmun Hamsa said here on Wednesday. Makmun said the company's current load factor in Indonesia was between 60 percent and 64 percent.
Fri, 14 May 1999, 00:00 WIB
Unfrel has doubts about poll security
Unfrel has doubts about poll security DEPOK, West Java (JP): Just three weeks ahead of the June 7 general election, a leading independent poll watch organization warned on Wednesday of various shortcomings, including a lack of security guarantees and continuing calls for a boycott in Aceh. The University Network for Free and Fair Elections (Unfrel) revealed a report that members of proreferendum groups in Aceh were keeping up pressure on people to boycott the polls.
Fri, 14 May 1999, 00:00 WIB
Borobudur to host 50,000 Buddhists
Borobudur to host 50,000 Buddhists SEMARANG, Central Java: About 50,000 people will attend the commemoration of Buddha's Day of Enlightenment on May 30 in the ancient Borobudur temple in Magelang, an official predicted on Thursday, Antara reported. Heru Budi Santoso of the Ministry of Religious Affairs here said minister Malik A. Fadjar would also attend the occasion. Buddhists across the world are to commemorate the birth, death and enlightenment of the founder of Buddhism, Siddhartha Gautama.
Fri, 14 May 1999, 00:00 WIB
State bank debtors to be taken to court
State bank debtors to be taken to court JAKARTA (JP): The president of newly established Bank Mandiri, Robby Djohan, said on Wednesday some 5 percent of the Rp 61 trillion (about US$7.6 billion) in nonperforming loans at four state banks could not be restructured because the debtors' businesses were no longer viable. He said Bank Mandiri, which will take over the four state banks, would have no choice but take the debtors to the bankruptcy court.
Fri, 14 May 1999, 00:00 WIB
Cempaka Putih resident shot
Cempaka Putih resident shot JAKARTA (JP): A Cempaka Putih resident in Central Jakarta was shot on Tuesday evening attempting to apprehend a member of a vehicle thieving gang. Central Jakarta Police detective chief Maj. Budiono Sandi on Thursday identified the wounded resident as 24-year-old Rudy Novianto. The blue metallic Kijang van belonging to Jenri Sinaga was parked in front of his girlfriend Dela Malik's house. Budiono said at 11 p.m.
Fri, 14 May 1999, 00:00 WIB
Court deals second blow to gas partners
Court deals second blow to gas partners JAKARTA (JP): State oil and gas company Pertamina and its Canadian contractor Gulf Resources have suffered a second blow in a land dispute with a South Sumatra plantation company, losing a key ruling by Palembang Low Administrative Court.
Fri, 14 May 1999, 00:00 WIB
Quota for women legislators
Quota for women legislators From Pikiran Rakyat The demand for a quota of women legislators by a number of women activists at the coming general election seems excessive. It shows that in this globalization era the long debate on gender matters carried on since the time of our ancestors is not finished. Sometimes to obtain their rights women must "beg" and hope for men's "pity". Sometimes women are not able to accept losing in a competition with men.
Fri, 14 May 1999, 00:00 WIB
Malaysia marks 1969 race riots
Malaysia marks 1969 race riots KUALA LUMPUR (Reuters): Malaysia marked the 30th anniversary of the country's worst racial riots on Thursday, and the opposition charged the government was using fears of a recurrence of violence to keep its stranglehold on power. Malays and Chinese clashed on May 13, 1969 after the opposition, led largely by Chinese, won many seats in elections dominated by ethnic issues and which weakened the predominantly Malay government.
Fri, 14 May 1999, 00:00 WIB
TNI sends special team to Aceh
TNI sends special team to Aceh JAKARTA (JP): The Indonesian Military (TNI) has sent a special team of 34 officers to appraise the security situation in Aceh, Antara reported on Thursday. The team's recommendations would be considered in the formulation of security policies in the troubled province, where at least 41 civilians were killed in the latest military action in Dewantara district, North Aceh, on May 3. A member of the team, Maj. Gen.
Fri, 14 May 1999, 00:00 WIB
Government demands KPU neutrality during campaign
Government demands KPU neutrality during campaign JAKARTA (JP): Minister of Justice/State Secretary Muladi insisted on Wednesday that members of the General Elections Commission (KPU) be barred from campaigning to ensure their neutrality. Muladi's demand apparently came in response to the commission's ban on Cabinet ministers and other high-ranking state officials from electioneering in the campaign period, which officially starts next Wednesday.
Fri, 14 May 1999, 00:00 WIB
Akbar officially transfers ministerial post to Muladi
Akbar officially transfers ministerial post to Muladi JAKARTA (JP): Akbar Tandjung officially handed over his post as minister/state secretary to Minister of Justice Muladi in a ceremony at the State Palace on Wednesday. President B.J. Habibie was at hand along with 35 members of the Cabinet, but did not deliver a speech to mark the occasion. He looked emotional when he hugged a tearful Akbar, who has worked for him since he came to power in May last year.
Fri, 14 May 1999, 00:00 WIB
Message from the Publisher
Message from the Publisher PT Bina Media Tenggara , publisher of The Jakarta Post, proudly announces two new services for our readers and advertisers. One is the early arrival of the paper for our readers in the island of Bali. The other is our uniquely designed website for the global community.
Fri, 14 May 1999, 00:00 WIB
A slip of the political tongue
A slip of the political tongue The daily Suara Pembaruan of May 9, 1999, reported a request from the Indonesian Nationalist Party (PNI) for President Habibie to study more about history, especially Indonesian national history. This request is in connection to the lecture given by the President some days ago. He had asked Indonesians to be more vigilant about the lurking dangers of the concerted efforts of Communism, Marhaenism and Socialism (KOMAS).
Fri, 14 May 1999, 00:00 WIB
Estrada aide blasts bishops
Estrada aide blasts bishops MANILA (AFP): Philippine President Joseph Estrada's chief adviser, Ronaldo Zamora, berated Roman Catholic bishops on Thursday for allegedly stoking hostile actions among opponents of a defense pact with the United States. Leaders of the country's dominant religion issued a pastoral statement this week urging the senate to reject the "Visiting Forces Agreement" for its alleged unfair provisions.
Fri, 14 May 1999, 00:00 WIB
Yenville sells stake in Econ
Yenville sells stake in Econ SINGAPORE (Dow Jones): Yenville Pte. Ltd., an Indonesian-owned company, will sell its 24.5 percent stake in Singapore-listed Econ International Ltd. to U.S.-based Asian Energy Ltd. for S$40 million (US$23.6), Econ said late Tuesday. The sale is expected to be completed by June 8. Asian Energy's principal business is the development and funding of power plants and industrial projects.
Fri, 14 May 1999, 00:00 WIB
World Bank to fight Indonesian poverty with new vigor
World Bank to fight Indonesian poverty with new vigor Mark Baird, a New Zealander, who became the World Bank Indonesia Country Director on April 1, is now on his second assignment in Jakarta. But the task and the work environment he is facing is strikingly different from his previous one in 1986- 1989 when the country's economy enjoyed robust growth.
Fri, 14 May 1999, 00:00 WIB
China to meet S. Korea, Indonesia faces Denmark in semis
China to meet S. Korea, Indonesia faces Denmark in semis By Primastuti Handayani COPENHAGEN (JP): Defending champion China will challenge South Korea, while home favorite Denmark will face Indonesia in the reserve semifinals of the Sudirman Cup mixed team championships at Brondby Hall on Friday. China tops Group A after wins over Malaysia 4-1 and Indonesia 3-2, while Denmark beat Sweden 5-0 and South Korea 3-2.
Fri, 14 May 1999, 00:00 WIB
Al Azhar to join international folk dance gala
Al Azhar to join international folk dance gala JAKARTA (JP): If you watch them on the dance floor, you might think they are professional dancers because their movements are so gracious as they follow the beat of the music. These students from Al Azhar I Islamic senior high school in Jakarta are dancing the Saman, a traditional dance from Aceh. The students will represent Indonesia at the International Folk Dance Festival from May 15 to May 20 in Akhisar, Turkey.
Fri, 14 May 1999, 00:00 WIB
Peaceful rally marks Trisakti shooting
Peaceful rally marks Trisakti shooting JAKARTA (JP): Around 5,000 Trisakti University students flocked to their campus in Grogol, West Jakarta, on Wednesday to mark the first anniversary of the fatal shooting of four of their classmates during a peaceful demonstration outside the university. The day began with the unfurling of a gigantic black cloth over the Trisakti emblem on the university building at 8:30 a.m.
Fri, 14 May 1999, 00:00 WIB
Gutted buildings bear witness to brutality of May 1998 riots
Gutted buildings bear witness to brutality of May 1998 riots JAKARTA (JP): A number of buildings burned and damaged in the mid-May 1998 riots have been completely refurbished and are receiving customers. Such a scene can be seen in West Jakarta's busy Chinatown Glodok area. But scores of other buildings remain as they were a year ago after the city was rocked by a massive uprising of its own residents in many locations.
Fri, 14 May 1999, 00:00 WIB
Golkar Party likely to nominate Habibie
Golkar Party likely to nominate Habibie JAKARTA (JP): The ruling Golkar Party will likely nominate President B.J. Habibie as its presidential candidate for the 1999-2004 period, according to party sources. Deputy chairman of the party's advisory board, A.A Baramuli, said shortly after 11 p.m. that 20 of the party's provincial chapters had expressed support for Habibie as the sole presidential candidate.
Fri, 14 May 1999, 00:00 WIB
Jakarta Fair to be held in August
Jakarta Fair to be held in August JAKARTA (JP): The city administration has decided to end the tradition of staging the annual one-month Jakarta Fair to coincide with the capital's anniversary on June 22 and will instead hold the event in August, according to the fair's organizer.
Fri, 14 May 1999, 00:00 WIB
Debate and Megawati
Debate and Megawati I was rather surprised to read your editorial (April 30, 1999, A new political education) on the nation's first democratic political debate aired on TV recently. Surprised, because you slip your usual high standards of objectivity and impartiality by rather severely criticizing Megawati for exercising her democratic right not to participate.
Fri, 14 May 1999, 00:00 WIB
Clashes unavoidable
Clashes unavoidable From Pikiran Rakyat Clashes between supporters of the People's Awakening Party (PKB) and the United Development Party (PPP) in Jepara (Pikiran Rakyat, May 2) and similar happenings in the run-up to the general election are "unavoidable" indeed. Why must they take place? Because it must be admitted that there is only a small number of followers who know the ins and outs of the general election. There are at least three things people should know.
Fri, 14 May 1999, 00:00 WIB
May 16 to urge HIV/AIDS awareness
May 16 to urge HIV/AIDS awareness JAKARTA: A night of recognition of the threat of HIV (Human Immunodeficiency Virus) and AIDS (Acquired Immunodeficiency Syndrome) and solidarity for those affected will be held in 70 cities across the archipelago on May 16, Antara reported on Wednesday. A group of NGOs under the National Coordination Group of Nusantara's AIDS Mobilization (GKNMAN) is organizing the event.
Fri, 14 May 1999, 00:00 WIB
Inpex leaves from W. Natuna
Inpex leaves from W. Natuna TOKYO (Dow Jones): Indonesia Petroleum Ltd., or Inpex, a leading Japanese energy developer, has withdrawn from an oil and gas exploration project offshore southern Indonesia, Japan National Oil Corp. said Wednesday. JNOC has a 50 percent interest in Inpex's exploration unit for the West Natuna project and approved Inpex's withdrawal from the project in late April.
Fri, 14 May 1999, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Graphics Exhibition: Ekspresi Grafis Dalam Ekspresi Buku II, at Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61-62 South Jakarta (Phone: 5201266), Monday to Friday 10 a.m. to 6 p.m., Wednesday 10 a.m. to 4 p.m., until May 21. * Painting Exhibition: Black Bird at the Bistro by Enrico Soekarno, at Bistro Garden Restaurant, Plaza Senayan, Jl. Asia Afrika 8, South Jakarta (Phone: 5725287), 10 a.m. to 10 p.m., until May 30.
Fri, 14 May 1999, 00:00 WIB
SCB customers win Rp 250m
SCB customers win Rp 250m JAKARTA (JP): Five Standard Chartered Bank (SCB) customers from Jakarta, Medan, Surabaya and Semarang recently won a total cash prize of Rp 250 million (some US$30,000). The cash prizes, part of the Sweet Millions Draw, culminated a six-month promotion. Standard Chartered's head of consumer banking business, Farhad Irani, handed over a check for Rp 50 million to each of the winners early last week.