Indonesian Political, Business & Finance News

Archive: 18 May 1999

54 articles found

President Habibie ratifies new central bank law

President Habibie ratifies new central bank law JAKARTA (JP): President B.J. Habibie officially put into force the new central bank law on Monday and renamed Bank Indonesia's board of directors the board of governors. Habibie appointed Sjahril Sabirin to head the board for a four-year term and named the seven previous directors deputy governors. The deputy governors are Miranda S. Goeltom, Iwan R. Prawiranata, Aulia Pohan, Subarjo Joyosumarto, Achwan, Achjar Iljas and Dono Iskandar Djojosubroto.

Bombing adds pressure to WTO China deal

Bombing adds pressure to WTO China deal By Andrew Browne BEIJING (Reuters): The bombing of the Chinese embassy in Belgrade has dimmed hopes for a quick deal this month with the United States on Beijing's entry to the World Trade Organization (WTO), analysts said. However, the attack may have added to pressure for an agreement by a deadline at the end of this year by dramatically raising the cost of failure for both sides.

'Time' report a slap on govt face

'Time' report a slap on govt face JAKARTA (JP): Observers said on Monday that Time magazine's report on the Soeharto family's wealth was a "slap on the government's face" and urged Attorney General Andi M. Ghalib to immediately take follow-up action. "The disclosure is quite a bombshell and what the government should do is invite the magazine to enlighten the government on its findings," leading human rights campaigner Marzuki Darusman told The Jakarta Post.

Lautan Luas pays dividends

Lautan Luas pays dividends JAKARTA (JP): Shareholders of publicly listed PT Lautan Luas approved on Monday the management's proposal to pay a total dividend of Rp 133 (about 2 U.S. cents) per share for the 1998 financial year. The company said it had paid the interim Rp 100 dividend and issued 8 bonus shares for every five existing shares between November and December last year. The company said it would pay the remaining Rp 33 dividend starting July 15.

All Indonesian semifinal in men's doubles unlikely

All Indonesian semifinal in men's doubles unlikely By Primastuti Handayani COPENHAGEN (JP): Indonesia has a slight chance to create an all-Indonesian semifinal in the men's doubles at the World Championships in Brondby Hall this week. Deputy team manager, Christian Hadinata, said it would be very difficult to make an all-Indonesian semifinal as other countries' men's doubles also showed good performances during the Sudirman Cup here last week.

'Post' website very useful

'Post' website very useful I would like congratulate The Jakarta Post for finally launching its website, which makes the Post available and accessible worldwide. I believe many Indonesians and expatriates in Indonesia welcome the website enthusiastically, as well as Indonesians living overseas. As said by the publisher, the website is more than just an electronic version of the Post newspaper. It can do what a usual newspaper cannot.

CCB cancels bankruptcy claim

CCB cancels bankruptcy claim JAKARTA (JP): Chinatrust Commercial Bank (CCB) of Taiwan has canceled its bankruptcy claim against state-owned property firm PT Rajawali Nusantara Indonesia (RNI) after the two companies reached an out-of-court agreement to settle their debt dispute. "My client has approved RNI's debt settlement proposal offered to them," the plaintiff's lawyer, Rahmat Bastian, said.

China pledges free navigation

China pledges free navigation MANILA (Reuters): China pledged on Monday to ensure freedom of navigation in the South China Sea where it is locked in disputes with five other nations over ownership of islands. China's ambassador in Manila Fu Ying said keeping the South China Sea -- regarded as one of the world's most vital shipping lanes -- free and safe for navigation was in the interest of China, Japan, the United States and other countries in the region. U.S.

Governor's plea on Sutardjianto's status rejected

Governor's plea on Sutardjianto's status rejected JAKARTA (JP): The Jakarta Prosecutor's Office on Monday refused Governor Sutiyoso's request to release from jail and place under house arrest former West Jakarta mayor Sutardjianto, the suspect in a Rp 2.6 billion (US$325,000) land scam. "There's no possibility (for such a move)," head of the Jakarta Prosecutors Office Syahmardan Lubis said after meeting City Council speaker Edy Waluyo at the council building.

Pertamina unit retains ISO

Pertamina unit retains ISO JAKARTA (JP): Ship repairer PT Patra Dok Dumai, a wholly owned subsidiary of state oil and gas company Pertamina, has passed the test to retain the International Standard Organization (ISO) 9002 certificate for its shipyard in Dumai, Riau. Pertamina spokesman Ramli Djaafar said in a statement on Monday that the London-based certification company, Lloyd Register Quality Assurance, issued the judgment on May 6.

World Bank to release $1.4b in new loans for RI

World Bank to release $1.4b in new loans for RI JAKARTA (JP): The World Bank's board of directors will meet today to finalize the disbursement of US$1.4 billion loans for Indonesia. The National Development Planning Board (Bappenas) said in a statement on Monday the loans comprised $600 million for social safety net adjustments, $500 million for policy reform and $300 million in water resource sector adjustment loans.

Muslim party tensions worry students

Muslim party tensions worry students SEMARANG (JP): Students at Diponegoro University have conveyed their concerns that a number of Muslim-oriented political parties still practice name calling and trade accusations. Secretary of the Family of Diponegoro University Students, M. Subekti, said on Monday the party executives were to blame for any continued friction.

Domestic car sales jump 41% in April

Domestic car sales jump 41% in April JAKARTA (JP): Domestic car sales in April rose by 41 percent to 5,100 vehicles, from 3,619 units in the previous month, according to the latest report issued by the Association of Indonesian Automotive Industries. April sales of passenger cars jumped to 705 units, from 676 in March, while commercial car sales rose 49 percent to 4,395 units, from 2,943 units in March.

Public raises objections to legislative list

Public raises objections to legislative list JAKARTA (JP): Objections have been raised by the public over the eligibility of some legislative candidates, just after the National Elections Committee (PPI) disclosed their names on Monday. PPI chairman Jacob Tobing said here on Tuesday that most of the complaints were about the selection of the candidates, which they accused of ignoring people's aspirations. Jacob said the objections were directly filed with the parties.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on May 18, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

UN urges government to stop violence in East Timor

UN urges government to stop violence in East Timor DILI, East Timor (JP): Violent incidents in which five civilians were killed Sunday led representatives of the United Nations here to strongly urge action on the part of the Indonesian government to provide security ahead of the August ballot, as it had pledged in the New York agreement. It was the first formal statement from the members of an advance team working ahead of UN civilian police who will supervise the Aug.

Nomura beefs up RI presence

Nomura beefs up RI presence HONG KONG (Dow Jones): Nomura International, the regional arm of leading Japanese brokerage firm Nomura Securities Co., is looking to beef up its equity research presence in Malaysia and Indonesia, a top company official told Dow Jones Newswires Monday.

Swazi man found dead with heroin capsules in stomach

Swazi man found dead with heroin capsules in stomach JAKARTA (JP): A 37-year-old Swazi national, found dead at a hotel in Central Jakarta last week, was believed to have been killed by a heroin-filled capsule that cracked open inside his digestive system, a noted forensic expert said on Monday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 17, 1999: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 400 0 0 AHAP Insurance 425 0 0 Alakasa Industrindo 250 -25 500 Alter Abadi 300 0 116,500 Alumindo Light Metal 750 -50 25,000 Aneka Kimia Raya 300 0 6,500 Aneka Tambang (Persero) 1,625 -75 5,678,500 Anwar Sierad 200 25 383,500 APAC Centertex Corp.

Truck drivers probed over robbery

Truck drivers probed over robbery PURWOKERTO, Central Java: Police here are questioning a truck driver and his assistant over an alleged involvement in a robbery that cost their company 600 sacks of cement. Banyumas Police Chief Lt. Col. Johnny Hutahuruk told Antara on Sunday that the driver, identified as Untung, and his co-driver Sofyan were under police custody, following information from various sources which led to the truck crew's alleged involvement.

Training to go on as planned despite campaign

Training to go on as planned despite campaign JAKARTA (JP): The national training program at the Senayan sports complex for the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August must not be interrupted by party campaigns which will kickoff on Wednesday. National Sports Council (KONI) Secretary General Rudolf S. Warouw, said on Monday athletes, coaches and officials should persist with the program during the 16 days of the campaign.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Songs 8:30 Family's Program 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Cartoon: Thunder Cats 3:00 Music 4:00 Regional News 4:30 Management Program 5:00 Documentary 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30 TV Series 8:30 Music 9:00 World News 9:30 Music 10:30 Late News Program 2 4:30 p.m.

New evidence not submitted

New evidence not submitted KUALA LUMPUR (AFP): A Malaysian court dismissed on Monday an application by a Canadian journalist with the Far Eastern Economic Review to introduce new evidence in his bid to overturn a three-month jail sentence for contempt of court. The official Bernama news agency said the Court of Appeal dismissed the application by Murray Hiebert, 50, to introduce "a correction piece" as fresh evidence.

KL boosts border patrols before RI polls

KL boosts border patrols before RI polls KUALA LUMPUR (AP): Malaysia will increase patrols along its borders and coastlines to ensure illegal immigrants do not flood the country during the run-up to Indonesia's general elections, news reports said Monday. "We hope there will be no untoward incident," Deputy Home Minister Abdul Kadir Sheikh Fadzir was quoted as saying by the New Straits Times daily. "However, we are prepared for any eventuality.

Bus accident kills 12

Bus accident kills 12 BANDUNG, West Java: Twelve people, mostly elementary school students, were killed after their minibus rolled down the street near Ciater tourist resort, 80 kilometers south of here, on Sunday. Subang police suspected that a brake failure caused the accident, the deadliest to happen in the province so far this year. The victims suffered from multiple injuries before they died. The bus driver, Anton, was among the casualties.

Barbed wire, iron gate business booming

Barbed wire, iron gate business booming JAKARTA (JP): Unlike many other commercial activities, the business of iron gates and barbed wires in the capital has been booming since the May 1998 riots and is mainly due to skyrocketing demands by wealthy Jakartans.

Security arrangement at Hotel Mulia

Security arrangement at Hotel Mulia JAKARTA (JP): Hotel Mulia Senayan has introduced a number of steps to improve security for its guests during the campaign activity period starting Wednesday and the June 7 general election, an executive of the hotel said on Monday. Amita Andansari said the hotel has used the security services of AGI, an American security consultancy company, since November last year.

IBF names three VPs and six council members

IBF names three VPs and six council members COPENHAGEN (JP): The International Badminton Federation (IBF) selected three vice presidents, two from Asia and one from Africa, in its annual general meeting on Sunday. Justian Suhandinata of Indonesia and Charoen Wattanasin of Thailand were reelected. James Sekajugo of Uganda, an IBF council member, took the third place, replacing Roy Ward of Australia. The three will serve in their posts from 1999 to 2001.

Witnesses claim Goro owes Rp 8b in unpaid rent

Witnesses claim Goro owes Rp 8b in unpaid rent JAKARTA (JP): Two witnesses testified at the South Jakarta District Court on Monday that wholesaler PT Goro Batara Sakti had not paid rent totaling Rp 8 billion (US$1 million) on premises used by the State Logistic Agency (Bulog) in the period between 1995 and 1998.

Immediate help urged for Buton refugees, orphans

Immediate help urged for Buton refugees, orphans JAKARTA (JP): Medical doctors, students and witnesses of religious unrest in the Maluku towns of Ambon and Tual, which have up to 100,000 people displaced, are appealing for immediate assistance for refugees now living in so squalid a condition many could die of disease.

Migrants demand relocation

Migrants demand relocation PALU, Central Sulawesi: Some 500 families living in the transmigrant area in Unpute Jaya village in Poso regency, about 200 kilometers west of here, have demanded resettlement before the June 7 general election. One of the migrant settlers, Mastur, said over the weekend that Governor HB Paliudju promised to relocate them by May, but that did not materialize due to the slow construction project of their new settlement area in the neighboring village of Saemba- Walati.

Police sued for illegal arrest

Police sued for illegal arrest JAKARTA (JP): A lawsuit filed by six suspects in the April 15 foiled robbery attempt and bomb blast in West Jakarta against city police chief Maj. Gen. Noegroho Djajoesman was heard by the South Jakarta District Court on Monday. The six suspects, represented by lawyer M.H. Sinaga from the Ampera Legal Aid Institute in Bogor, asked the court to order the defendant to release their husbands.

Supreme Audit Agency planning IBRA audit

Supreme Audit Agency planning IBRA audit JAKARTA (JP): Head of the Supreme Audit Agency (BPK) Satrio B. Joedono said on Monday the agency would audit the Indonesian Bank Restructuring Agency (IBRA) in the "near future", following strong demand from the public for transparency. Joedono said the performance audit was also needed to ensure IBRA was working as expected, particularly in restructuring the ailing banking sector.

Closure of account

Closure of account I would like to lodge a formal complaint to Citibank Pondok Indah branch in the hope that this top tier international bank can improve the quality of its service to its customers. My mother has a number of accounts in the above bank which she wants to close as she has moved permanently out of the country.

Subdistrict' head faces dismissal

Subdistrict' head faces dismissal JAKARTA (JP): Central Jakarta Mayor Andi Subur Abdullah said on Monday he would dismiss Erwanto, the head of Karanganyar subdistrict in Central Jakarta, if he was involved in the misuse of social safety net funds amounting to Rp 764 million. "Should the police investigation show Erwanto is involved in the deviation, I will fire him," he said. Andi said Erwanto, who is also the supervisor of the fund distribution, should have known about the misuse of the money.

Unchecked forest exploitation in Riau causes environmental damage

Unchecked forest exploitation in Riau causes environmental damage By Yaunusar Bakar PEKANBARU, Riau (Antara): Recently, police seized hundreds of logs outside Bukit Batabuh National Park. Dozens of trucks were also impounded along the Eastern Sumatra highways for carrying logs above the maximum tolerable tonnage. For people in Riau, there is nothing new about this. Local mass media report similar cases almost every day.

Three BAKN staff arrested for forging promotion papers

Three BAKN staff arrested for forging promotion papers JAKARTA (JP): The Jakarta Police have apprehended three employees of the Institute of State Personnel Administration (BAKN) for allegedly forging teachers' promotion documents, an officer said on Monday. The city police chief of detectives, Col. Alex Bambang Riatmodjo, said it was believed the three suspects issued hundreds of false documents, mostly for junior high school teachers in Jakarta and several other cities in Kalimantan.

Bandits extort, beat motorists

Bandits extort, beat motorists JAMBI, Jambi: A group of youths claiming to be repairing damage across the eastern road bordering Jambi and Riau have reportedly extorted Rp 10,000 from every passing motorist. Antara quoted on Sunday a public transportation driver, Nasrul, who said he was beaten a number of times for failing to pay the young men. The damaged stretch of road in the Srensen village, 150 kilometers from Jambi, was covered with wooden planks.

A disgraceful performance

A disgraceful performance The performance of our General Elections Commission (KPU) is shoddy and disgraceful. The work there is done by adventurers, who do their job with an eye to serving their own personal interests: people who are busy making demands, such as the size of their honorary fees; a Rp 1 billion subsidy for each party; cars for Commission members; who gets the right to print the ballots; times to go into recess; distribution of blazers and several other facilities.

President without religion?

President without religion? I refer to the letter by Mr. Vleugels in The Jakarta Post of May 12. It's saddening to read Mr. Vleugels' letter. It's beyond my imagination to live in a country without religion, where human power dominates our life. I believe every religion teaches its believers to respect others. We should know when to be modest and think that everyone has the same rights. Only then we could live in harmony. NITA Jakarta

Yusril 'wins' presidential hopeful's debate

Yusril 'wins' presidential hopeful's debate JAKARTA (JP): Yusril Ihza Mahendra of the Crescent Star Party (PBB) earned loud applause from the audience at a presidential candidate debate, after he refused to take advantage of the empty dais when the other candidates failed to show up. After being made to wait for over an hour for the other candidates, Yusril turned down an offer from the organizers -- the Muslim Students Association (HMI) -- to take the stand.

Is Soeharto that poor?

Is Soeharto that poor? Nobody can blame Indonesians for believing that former president Soeharto and his family are worth more than US$15 billion, as reported by TIME magazine this week. Many people in the street here reacted to the magazine's article, which was widely quoted by local newspapers yesterday, by saying that Attorney General Andi M.

Indonesia needs new law for protecting e-commerce trade

Indonesia needs new law for protecting e-commerce trade JAKARTA (JP): The government has been urged to amend or create existing laws and regulations to safeguard and support trade transactions through the Internet. Coordinating Minister for Development, Supervision and State Administrative Reforms Hartarto Sastrosoenarto said on Monday e- commerce transactions must be well-administered and regulated to ensure their legality and accountability.

Malang polishing its image as tourist destination

Malang polishing its image as tourist destination By Adi Samekto MALANG, East Java (Antara): Few tourists, apparently, head to this cool town, famous for its high-grade apples, despite the numerous unique attractions it offers. Tourists from other cities going to scenic Mount Bromo, probably East Java's main attraction, usually transit in Probolinggo or Pasuruan instead of Malang. In fact, Malang, a 3,730 square kilometer city, has tremendous potential as a tourist destination in East Java.

Tanjung Lesung Resort Hotel responds

Tanjung Lesung Resort Hotel responds I would like to reply to Mr. Frank Richardson's letter that appeared in The Jakarta Post on May 17, 1999. Mr. Richardson and his wife have contracted malaria and I would like to wish them a speedy recovery. However, I would also like to correct a number of points raised by Mr. Richardson in the letter. Mr. Richardson believes he contracted malaria while staying at the hotel.

Street name mars Egypt-Iran ties

Street name mars Egypt-Iran ties ASYUT, Egypt (AFP): A Tehran street named after one of President Anwar Sadat's assassins is a barrier to improving Iranian-Egyptian ties, Egyptian President Hosni Mubarak said in remarks published on Monday. "The presence in the Iranian capital of a street bearing the name of Sadat's assassin offends the feelings of Egyptians and is an obstacle to a return to normal," Mubarak said during a visit to Asyut on Sunday.

Ambon soldiers 'may have violated rules'

Ambon soldiers 'may have violated rules' JAKARTA (JP): Newly installed Pattimura Military Commander Brig. Gen. Max Tamaela indicated on Monday that his soldiers might have violated military procedures during operations that caused the deaths of seven civilians in the Maluku capital of Ambon three days ago. "Based on the data collected from the scene of the incident, for the meantime it can be said that the actions of the security personnel was partly beyond standing procedures," Tamaela said.

DHL invests $750 million in new warehouse facilities

DHL invests $750 million in new warehouse facilities JAKARTA (JP): Courier company DHL Worldwide Express has for the past year invested at least US$750 million in constructing new warehouse facilities in Jakarta and Bandung, a senior officer of the company said on Monday. DHL's senior Technical Advisor Mike Fitzpatrick said the new Jakarta warehouse is worth some $450 million and the one in Bandung, which will be operational in July, is about $300 million.

Indian-led party wins Fiji polls

Indian-led party wins Fiji polls SUVA (Reuters): Fiji's Mahendra Chaudhry, leader of the Indian-dominated Fiji Labor Party, on Monday declared victory in an historic multi-race election and said he would be Fiji's first Indian prime minister. Chaudhry said his Labor-led coalition, which includes two Fijian parties, would hold 52 seats in Fiji's new 71-seat parliament. His Labor party alone would snare 38 seats.

S. Africa's Del Monte eyes RI acquisitions

S. Africa's Del Monte eyes RI acquisitions BANGKOK (Reuters): South Africa's Del Monte Royal Foods Ltd said on Monday it is looking at possible acquisitions in Indonesia and Malaysia to complement its latest buy -- Thailand's Siam Agro Industry Pineapple Co Ltd (SAICO). "We are looking at Indonesia and Malaysia. I can't be specific, but it would be in line with our core business activities," Vivian Imerman told Reuters in an interview.

Bakrie plays down concerns over its restructuring plan

Bakrie plays down concerns over its restructuring plan JAKARTA (JP): Chairman of the well-diversified PT Bakrie & Brothers Aburizal Bakrie played down on Monday concerns by the U.S. Exim Bank over the transparency of the business group's US$1.02 billion debt restructuring plan. Aburizal said the U.S. bank's concerns would not affect the debt restructuring program which in principal was approved by most of its creditors. "The Exim Bank concern was issued before the meeting took place.

Where to go in Bandung:

Where to go in Bandung: Exhibitions * Fine Arts Exhibition: Batu Melangkah Waktu, by Sunaryo, at Selasar Seni Sunaryo, Jl. Bukit Pakar Timur no. 100 (Phone: 022 2507939), until Jun. 30. * Photo Exhibition by Frank Thiel, at Galeri Red Point, Jl. Jurang 103, until May 21. Performances * Sundaneses Traditional Drama, Raja Lieur, at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 8 p.m., May 22.

Tourism Indonesia Mart 1999 insured

Tourism Indonesia Mart 1999 insured JAKARTA (JP): Participants of the Tourism Indonesia Mart & Expo (TIME) to be held in the capital in September will be insured against a possible delay in the annual tourism event, the organizer said here on Monday. Meity Robot, an executive of the event organizer, said that the insurance coverage would be provided in response to concerns over uncertain political situations following the June 7 general election period.

Goodyear's profits surge

Goodyear's profits surge JAKARTA (JP): PT Goodyear Indonesia's net profit increased more than nine-fold to Rp 50.3 billion (about US$6.3 million) in the 1998 financial year on widely expanded export business. "We found profitable opportunities to offset almost all sales losses in our domestic markets by expanding our export business to other Goodyear companies, especially in Japan, Europe and USA," GI president Gottfried Hess said at the annual shareholders' meeting here on Monday.