Indonesian Political, Business & Finance News

Archive: 17 May 1999

58 articles found

Police deny arrests made in Istiqlal bombing case

Police deny arrests made in Istiqlal bombing case JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman insisted on Saturday that his men had made no arrests in connection with the April 19 bombing at Istiqlal Grand Mosque in Central Jakarta.

A glimpse into Indonesian politics

A glimpse into Indonesian politics This article is based on an address to journalists made by Minister of Foreign Affairs Ali Alatas during a dinner hosted by the Asia-Europe Foundation in Jakarta on May 13.

Clean water needed in Aceh

Clean water needed in Aceh LHOKSEUMAWE, Aceh: Most residents of North Aceh are still in want of clean water, Antara reported Sunday.Regent Tarmizi A. Karim said only around 200,000 out of one million residents have access to clean water, which, he said, was ironic in the industrial area.

IBRA broke guarantee: Bond holders

IBRA broke guarantee: Bond holders JAKARTA (JP): Fixed-income investors in banks liquidated by the government last year have complained about the difficulties imposed by the Indonesian Bank Restructuring Agency (IBRA) to recover their government-guaranteed investments.

What kind of coalition?

What kind of coalition? If media public opinion polls with all their inherent imperfections are anything to go by, it should be clear by now that of all the 48 political parties to take part in the June 7 general election, only a handful will emerge strong enough to influence the political...

Shareholders of KSO Partners

Shareholders of KSO PartnersPramindo Ikat Nusantara:* PT Astratel Nusantara (Indonesia)* PT Indosat (Indonesia)* France Cables et Radio (France)* Marubeni Co. (Japan)* International Finance Co* NMP Singapore Pte Ltd (Singapore)Ariawest International:* PT Artimas Kencana Murni (Indonesia)* MediaOne...

Two executives tried for swindling

Two executives tried for swindling JAKARTA (JP): Two executives of a private company were indicted at the West Jakarta District Court on Wednesday for swindling US$688,337 from privately run Bank Prima Express.Prosecutor Deddy S.

Loan recovery strategy seen as IMF-tailored

Loan recovery strategy seen as IMF-tailored JAKARTA (JP): The new strategy for recovering non-performing loans (NPLs) of the country's major banks, announced by the government on Friday, reflects strong pressure from the International Monetary Fund to accelerate the debt resolution process,...

RP police clash with soldiers

RP police clash with soldiers ZAMBOANGA, Philippines (AP): A clash between a group of policemen and Philippine soldiers, apparently over a family feud in a southern village, left three bystanders dead and five injured, a military official said on Sunday.

A Golkar ticket for Habibie

A Golkar ticket for Habibie The possible repercussions (of Habibie being named presidential candidate) have naturally been well considered by Golkar's leaders. Obviously, they must have pondered all the pros and cons of their decision.

JSX to apply rating code

JSX to apply rating code JAKARTA (JP): The Jakarta Stock Exchange (JSX) will apply a company rating code by July 1 to give more transparency to investors about the companies' compliance to listing rules.

Russian crisis adds to Central Asia's suffering

Russian crisis adds to Central Asia's sufferingBy Mike Collett-White ALMATY, Kazakhstan (Reuters): For resource-rich but impoverished Central Asia, the timing of Russia's latest descent into political and economic crisis could hardly be worse.

Probe into RP police chief

Probe into RP police chief MANILA (AP): President Joseph Estrada accepted on Sunday a request by the national police chief to go on leave pending an investigation into accusations linking him to drug syndicates.

Foreign banks file bankruptcy claims against local clients

Foreign banks file bankruptcy claims against local clients JAKARTA (JP): Credit Lyonnais Indonesia and Chinatrust Commercial Bank have filed bankruptcy claims against their Indonesian clients, the banks said last week.

'Time' magazine puts Soehartos' wealth at $15b

'Time' magazine puts Soehartos' wealth at $15b JAKARTA (JP): United States news magazine Time discloses in its latest weekly issue that former Indonesian president Soeharto and his children have amassed a US$15 billion fortune during his 32 years of rule.

Going beyond the formal educational evaluation

Going beyond the formal educational evaluationBy Mochtar Buchori JAKARTA (JP): Education is a series of acts done to help pupils or students actualize their individual potential, as one definition of education goes.

New telecoms feature planned

New telecoms feature planned JAKARTA (JP): New technology and services are among the major growth areas of the telecommunications industry's future. Companies are competing to provide facilities like value-added services and information technology, including electronic data interchanges and...

Maintain national unity: Ex-servicemen

Maintain national unity: Ex-servicemen JAKARTA (JP): More than 1,000 retired military and police officers called for all groups in society to end all forms of conflict and animosity to help calm chaotic situations.

Habibie is 'Golkar's best of the worst'

Habibie is 'Golkar's best of the worst' JAKARTA (JP): The incumbent President B.J. Habibie is the best of the worst presidential candidates of the ruling Golkar party, a political lecturer said, while four others who were previously named as possible candidates pose a higher risk of fragmentation...

Drinking water project launched in Tanah Abang

Drinking water project launched in Tanah Abang JAKARTA (JP): A drinking water supply plant donated by an Australian-Indonesian joint venture firm, PT Ovelgone Indonesia, was launched on Saturday on Jl. Kebon Kacang in Tanah Abang, Central Jakarta.

Acehnese flee homes due to military raids

Acehnese flee homes due to military raids SIGLI, East Aceh (JP): About 1,000 residents from three villages in Pidie regency fled their homes on Saturday following interrogations by military who said they were seeking a colleague.Pidie military commander Lt. Col.

Economic reform target dates

Economic reform target dates The following is the target dates for Indonesia's economic reform package under the latest agreement between the government and the International Monetary Fund.Box 1. Updated Financial Sector Reform AgendaI. Loan collection and asset recovery1.

APEC ministers warn of significant risks

APEC ministers warn of significant risks LANGKAWI, Malaysia (AFP): APEC finance ministers warned of "significant risks" for the region despite signs of returning investor confidence and an improved economic outlook as they ended talks here Sunday.

Foreign bankers

Foreign bankersFrom Business IndonesiaWith reference to a report in one of the morning dailies about Mr. Mar'ie Muhammad's proposal that foreign bankers be recruited to work in Indonesia, allow me to appeal to him that he not talk so much about this matter.

Telecommunications investors answer challenges

Telecommunications investors answer challenges Three years after the inauguration of the KSO Scheme in Indonesia's fixed-line telecommunications business, the total number of telephone lines has increased significantly, with more than one million new subscribers.

The needy wait for safety net program assistance

The needy wait for safety net program assistanceBy Christiani S.A. Tumelap JAKARTA (JP): The eyes of Husin, a grandfather of six, shone bright as he talked about his tire repair business, a business he has been in for the last 20 years.

Aplio/Phone, the Wizard that slashes your phone bills

Aplio/Phone, the Wizard that slashes your phone bills Melbourne-Jakarta: Rp 7,800/hourFrom her rented apartment in Melbourne, Australia, the blossoming and spoiled Jessi made an international call to Jakarta almost every other night.

Soeharto giggles away Amien's allegations of corruption

Soeharto giggles away Amien's allegations of corruption JAKARTA (JP): Soeharto burst into laughter when Amien Rais said in a televised debate on Friday the former president tried to arrest him a few months before the May 21 transfer of power to then vice president B.J.

Perhapi, AusIMM sign deal

Perhapi, AusIMM sign deal JAKARTA (JP): The Association of Indonesian Mining Professionals (Perhapi) has signed a cooperation agreement with the Australian Institute of Mining and Mineralogists (AusIMM) to certify Indonesian mining experts.

Political parties to electioneer via 'TVRI'

Political parties to electioneer via 'TVRI' JAKARTA (JP): State-owned TVRI will start on Wednesday airing prerecorded political debates and orations of the 48 parties contending the June 7 general election.Each debate session involves three parties.

Ariawest finishes debt restructuring agreement

Ariawest finishes debt restructuring agreement JAKARTA (JP): PT Ariawest International announced on Saturday it had closed a debt restructuring deal with creditors and vendors.The company said the deal included the rescheduling of a US$212 million project financing loan and $57 million owed to...

Students stand for lessons

Students stand for lessons TANGERANG (JP): Sixty-seven secondary students of SD Kebon Baru at Ketapang village of Mauk district are studying on their feet in a tiny, emergency 'classroom' of the principal's official home.

Alcatel continues to support RI telecommunications

Alcatel continues to support RI telecommunications Convinced that Indonesia will soon be on its journey toward recovery, Alcatel has never changed its commitment to this country.And it should not be surprising at all.

Parties solicit candidates

Parties solicit candidates By May 4, the last day for registration of legislative candidates, many parties were struggling to find candidates for the House of Representatives (DPR) and regional council members.

Asian nations welcome Japan's new aid plan

Asian nations welcome Japan's new aid plan LANGKAWI, Malaysia (AP): Asian nations on Sunday welcomed Japan's ambitious new initiative to help regional economies recover by guaranteeing Asian sovereign bonds.

Respect for embassy staff

Respect for embassy staff Following the recent barrage of letters of condemnation of the Australian Embassy and its staff, allow me to throw in a bouquet.In nearly 25 years of dealing with the embassy in Jakarta, I can recall only a few occasions of difficulties and all were resolved.

Candidates list released, doubts still lurk

Candidates list released, doubts still lurk JAKARTA (JP): The National Elections Committee finally announced the temporary lists of provincial legislative candidates on Sunday, but party officials raised doubts over the validity, citing possible technical errors.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Cartoon Exhibition: Cartoons For Democracy, in Gallery Pasar Seni Jaya Ancol, Jl. Lodan Timur, North Jakarta, until May 18. * Graphics Exhibition: Ekspresi Grafis Dalam Ekspresi Buku II, at Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend.

Taiwanese agriculture firms to relocate to Indonesia

Taiwanese agriculture firms to relocate to Indonesia TAIPEI (JP): Several Taiwanese agriculture-processing companies are looking for opportunities to relocate their plants to Indonesia, visiting Industry and Trade Minister Rahardi Ramelan said on Saturday.

Malaria common at Tanjung Lesung

Malaria common at Tanjung Lesung Over the last few months my family and I have visited Tanjung Lesung on the Sunda Straits three times. The tranquility and natural beauty of this area, less than three hours drive from Jakarta, is truly remarkable.

Watchdog holds last poll rehearsal

Watchdog holds last poll rehearsal JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) staged its last poll rehearsal with about 70 participants, mostly students, at Proclamation Monument in Central Jakarta on Sunday.

Telkomsel focuses on customer services

Telkomsel focuses on customer services Amid increasingly various mobile telecommunications services, what else can a cellular operator offer to users? Telkomsel said that it has improved customer care services to stay in the lead of keen rivalry in Indonesia's cellular business.

Rich urged to help curb malnutrition

Rich urged to help curb malnutrition JAKARTA (JP): The country's well-off are expected to make a concerted effort to help the some 1.3 million children across the archipelago suffering from malnutrition.

The world at your fingertips and a song in your throat

The world at your fingertips and a song in your throat What is the one thing technophiles and technophobes have in common? Technology, of course. Love it or hate it, embrace it or cringe from it, technology has entered all of our lives, changing the way we interact with the world.

RI optimistic in men's singles title

RI optimistic in men's singles titleBy Primastuti Handayani COPENHAGEN (JP): Indonesia is optimistic about winning the men's singles titles in the World Championships this week after its failure in the Sudirman Cup semifinals on Friday."We have a great chance to win the men's singles title.

The visa saga

The visa saga I read complaints about the Australian Embassy's visa section in the readers' letters and can feel the frustration of the writers. I had such an experience with the American Embassy and was outraged.

Taiwan agrees to resume rice aid to Indonesia

Taiwan agrees to resume rice aid to IndonesiaBy Sylvia Gratia M. Nirang TAIPEI (JP): Taiwan will deliver promised rice aid to Indonesia after a delay of almost one year, according to the chairman of the State Logistics Agency (Bulog), Rahardi Ramelan.

Presidential debate on radio stations

Presidential debate on radio stations JAKARTA (JP): A presidential candidate debate is scheduled to be aired by four private radio stations grouped under the Masima Corporation in Jakarta on Monday.The four stations which will the air the debate between 10 a.m. and 1 p.m. are 100.

Kuta incident leaves hawkers out in the cold

Kuta incident leaves hawkers out in the coldBy Putu Wirata DENPASAR, Bali (JP): Kuta, one of the famous tourist destinations on this island, was an international harbor a few centuries ago. Then it was called Kuta-Mimba.

Uncertain Indonesia

Uncertain Indonesia Before the fall of president Soeharto a year ago this month, Indonesia won a US$49 billion loan from the International Monetary Fund, wrapped up in conditions to curtail corruption and introduce some transparency into government.

Indonesia wins two golds in karate

Indonesia wins two golds in karate COPENHAGEN (JP): Indonesia managed to win two golds and one bronze in the Danish Open karate championships here this weekend.Team manager Darwan Siregar said he was satisfied with the six athletes' performance in the championships, in which 16 countries competed.

Only 4,000 people attend 'peaceful poll' gathering

Only 4,000 people attend 'peaceful poll' gathering JAKARTA (JP): Some 4,000 people, including housewives and children, attended a gathering to promote a peaceful general election at the 110,000-seat Senayan soccer stadium in Central Jakarta on Sunday morning.

Report cites Indonesia worse spot for piracy

Report cites Indonesia worse spot for piracy KUALA LUMPUR (AFP): Piracy on the high seas throughout the world rose substantially in the first three months of this year, with Indonesia remaining the most dangerous spot, maritime officials said.

Package contains orphaned baby

Package contains orphaned baby PURWOKERTO, Central Java: A lecturer at the Gen. Soedirman University here, Ratmi Sholehah, found a baby boy in a package sent by an unknown party on Thursday night.Antara reported late Friday that the baby, about three weeks old, was placed in an instant noodle box...

Removal companies enjoy robust trade

Removal companies enjoy robust tradeBy Sadie Mah JAKARTA (JP): With most expatriates and well-heeled locals having left the city after the riots of last May, you would expect the moving business in Indonesia to be in a slump.

Seaman hits out at wrong man

Seaman hits out at wrong man JAKARTA (JP): A member of the Navy beat up a bus conductor at the Senen bus terminal in Central Jakarta on Friday, after the soldier mistook the conductor for a thief.City police spokesman Lt. Col.

Dynamite fishing ignored in Sikka

Dynamite fishing ignored in Sikka MAUMERE, East Nusa Tenggara: Coral reefs in Sikka regency in the north of Flores island are under increasing danger as residents say fishermen are using explosives "almost every day".

KSO's Achievements

KSO's Achievements1. KSO brings investment:* Total investment: US$1.57 billion (as of March 1999).* Equity: US$568 million (as of March 1999).* Debt: US$1.008 million -- non-Government of Indonesia(GOI) guarantee (as of March 1999).2.