Indonesian Political, Business & Finance News

Archive: 20 May 1999

65 articles found

Tradition of faith

Tradition of faith A realization that has become apparent about my stay here in Jakarta, more to do with Indonesia as a whole actually, is that one of the major strengths of this country is its common thread of religion.

Indonesian pair makes early exit

Indonesian pair makes early exitBy Primastuti Handayani COPENHAGEN (JP): Indonesia's top-seeded men's doubles team of Antonius and Denny Kantono became another victim of the upset-bug during the second-day of the badminton World Championships on Wednesday.

Theft at Ilham Habibie's mansion

Theft at Ilham Habibie's mansion BANDUNG: A burglary at the mansion of Ilham Habibie, the eldest son of President B.J. Habibie, at Jl. Rancabentang 48 here is yet to be solved, an officer said.Bandung regional police chief Col.

Disbursement of $1.1b WB loans delayed

Disbursement of $1.1b WB loans delayed WASHINGTON (Dow Jones): Bowing to U.S. concerns, Indonesia agreed not to spend $1.1 billion in new World Bank loans for social safety net programs until after national elections are held next month.The commitment was made on Tuesday after the U.S.

Bank DKI marketing director dismissed

Bank DKI marketing director dismissed JAKARTA (JP): Jakarta Governor Sutiyoso fired city-owned Bank DKI marketing and credit director Siti Aisyah.Deputy Governor of Administrative Affairs Abdul Kahfi said on Wednesday that Siti, who was appointed director in January this year, was officially...

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Instalation Exhibition: Forever, by Karol Pichler (Slovakian), at the Gallery CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., until May 29.

The perfect banknote

The perfect banknote I haven't had a gripe for ages in The Jakarta Post. How about this one.It continually amazes me how U.S. currency, whatever the denomination, is viewed with extra careful scrutiny at any bank or money changer in Jakarta.

New U.S. stance won't burn Asia's economies

New U.S. stance won't burn Asia's economies SINGAPORE (Reuters): The U.S. Federal Reserve's move towards a tightening bias will affect capital flows in and out of Asia, but the region is well insulated against any adverse impact of more restrictive U.S. monetary conditions.

Ode to the poor packs political punch

Ode to the poor packs political punchBy Fathul. A. Husein BANDUNG (JP): Sociopolitical euphoria after the downfall of president Soeharto in May last year, which recently clotted into ideological masks of political parties, is not over yet.

One year after Trisakti shooting

One year after Trisakti shooting The investigation into the shooting of four Trisakti students one year ago has, so far, not shed any light on the incident. It is as murky as the one befalling U.S. President John F. Kennedy.

Indonesia's forex reserves fall to $15.92 billion

Indonesia's forex reserves fall to $15.92 billion JAKARTA (JP): Indonesia's net foreign reserves declined to US$15.92 billion in the week ending on May 14 from $16.05 billion the previous week, the central bank said in its latest weekly report.

Six policemen seriously injured in road accident

Six policemen seriously injured in road accident JAKARTA (JP): Six freshly graduated police sergeants suffered severe injuries while others were slightly wounded when their speeding truck overturned at Puri Kembangan area in West Jakarta on Wednesday morning.

1,300 workers demand wage hike

1,300 workers demand wage hike JAKARTA (JP): More than 1,300 employees from biscuit and mint manufacturer PT Mayora's Tangerang factory on Wednesday threatened to continue "occupying" the Ministry of Manpower building until their demands for higher wages were met.

S'pore moves in right direction with bank reforms

S'pore moves in right direction with bank reformsBy Valerie Lee SINGAPORE (Reuters): Sweeping banking reforms, aimed at revving up growth in Singapore's financial sector and putting it on the fast track to international financial hub status, are a plus for its ambitions, analysts said on Tuesday.

Indonesia still responsible for law and order in East Timor

Indonesia still responsible for law and order in East Timor JAKARTA (JP): Despite the planned deployment of United Nations police officers in East Timor, Indonesian security personnel will be responsible for the implementation of the referendum in East Timor.

Sex workers too demanding

Sex workers too demanding PURWOKERTO, Central Java: After futile persuasions, election officials eventually succumbed to prostitutes' demand that they be allowed to cast their ballots in their brothels sprawling the famed Baturaden tourist resort next month.

Megawati's husband rejected

Megawati's husband rejected SEMARANG (JP): About 100 members of the Indonesian Democratic Party of Struggle (PDI Perjuangan) demonstrated their rejection yesterday of the legislative candidacy of party boss Megawati Soekarnoputri's husband.

Government to sell a further 5 percent stake in Indosat

Government to sell a further 5 percent stake in Indosat JAKARTA (JP): The government will sell another 5 percent of its stake in the publicly listed international telecommunications operator PT Indosat in a bid to raise cash and provide support for the rupiah.

Legal aid posts for women

Legal aid posts for women JAKARTA: Lawyers grouped in the Legal Team for Women's Political Rights say they have opened legal advocacy posts for women. The posts have been set up to ensure "democratization which is just, peaceful and free of violence", said a letter signed by the lawyers, including...

Punishment unlikely for errant parties

Punishment unlikely for errant parties JAKARTA (JP): The Election Supervisory Committee is reluctant to punish political parties that started campaigning early, worried that such a move would spark anger, a committee executive said on Tuesday.

Party leaders go hungry

Party leaders go hungry JAKARTA: Many political party leaders attending the first day of street rallies at the National Monument (Monas) on Wednesday went hungry.Activists in charge of logistics could do nothing when dozens of hungry children, men and women stole the lunch boxes reserved for the...

Party ads branded a waste of money

Party ads branded a waste of money JAKARTA (JP): Observers said on Wednesday political parties' advertisements on television were "a waste of money" and not effective in influencing voter behavior.Senior political observer Soedjati Djiwandono of the Centre for Strategic and International Studies...

Vietnam-Lao joint venture

Vietnam-Lao joint venture HANOI (AFP): The central banks of Vietnam and Laos have signed a contract to create a joint venture bank in the Laotian capital of Vientiane, the State Bank of Vietnam said Wednesday.

Cobra campaigns for PDI of Struggle

Cobra campaigns for PDI of Struggle BANDUNG (JP): Supporters of the Indonesian Democratic Party of Struggle (PDI Perjuangan) in Bandung and elsewhere in the country are notorious for their fanaticism.On the first day of street rallies here on Wednesday, they appeared frightening.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on May 19, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,920.00 7,990.00 7,920.00 8,030.00Australian dollar 1 5,233.50 5,331.85 5,208.00 5,406.00Austrian schilling 1 611.26 621.69 - -Belgian franc 1 208.51 212.

'KM Pangebu' survivor says ship exploded

'KM Pangebu' survivor says ship exploded KENDARI, Southeast Sulawesi: The only survivor of KM Pangebu, the vessel that sank in the Wowoni Strait in Southeast Sulawesi last week, revealed on Wednesday that the cargo ship foundered shortly after a blast was heard in one of its holds.Capt.

W. Sumatra parties battle time and apathy

W. Sumatra parties battle time and apathyBy Yusril Ardanis PADANG, West Sumatra (JP): Last Wednesday, party executives visiting the office of the Provincial Elections Committee here looked relieved.They had passed the "first round" of the elections by submitting their lists of prospective...

Denmark's Hoyer-Larsen wants to go out in style

Denmark's Hoyer-Larsen wants to go out in style COPENHAGEN (JP): Olympic badminton champion Poul-Erik Hoyer- Larsen may turn 33 this year, but do not expect him to play like an old man in the World Championships here at Brondby Hall.

WB approves $400m loans to Indonesia

WB approves $400m loans to Indonesia JAKARTA (JP): The World Bank announced in Washington on Tuesday its approval of US$400 million in new loans to Indonesia for the country's poverty alleviation and water resource improvement programs.

Passengers stranded in Bogor

Passengers stranded in Bogor BOGOR, West Java: Hundreds of people were stranded along Jl. Baranangsiang here as fewer buses were operating due to the perceived risks on the first day of campaigning."I've waited for one hour," said Nuryanto, one stranded resident.

Malaysian ministers asked to 'step down'

Malaysian ministers asked to 'step down' KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad is replacing two veteran ministers in a cabinet reshuffle widely seen as preparing the main ruling party for general elections, sources said on Wednesday.

Campaigning off to noisy start

Campaigning off to noisy start JAKARTA (JP): The capital turned into a sea of colorful flags, balloons and banners on Wednesday as the 16-day campaign period began, but red-clad supporters of the Indonesian Democratic Party of Struggle (PDI Perjuangan) dominated the multiparty "peace parade" here...

Revision of the 1945 Constitution

Revision of the 1945 Constitution According to a media report, a seminar on "Revision of the Constitution of 1945 as continuation of the reform drive in the legal sector" has proposed that a state team for the revision of the 1945 Constitution be set up.

Local share prices surge despite political concerns

Local share prices surge despite political concerns JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) closed higher on Wednesday, despite market fears of possible political instability on the first day of the country's campaigning period.The Jakarta Composite Index rose 2.

'Dangdut' time in Palu

'Dangdut' time in Palu PALU, Central Sulawesi: Only about 500 people showed up at the campaign rallies of four parties on Wednesday, but youngsters at least got a chance to enjoy dangdut dancing.Business went on as usual in several parts of the town and the only signs of campaigning were the...

Crescent Star wins the day

Crescent Star wins the day BENGKULU: Scheduled campaigns of four parties here failed to take place because party attributes were not ready.Asep Firmansyah Putra from the New Indonesia Party (PIB) said his party could not meet the campaign schedule because some props from Jakarta had failed to...

Status quo forces and reformers: Where lie our parties' loyalties?

Status quo forces and reformers: Where lie our parties' loyalties? JAKARTA (JP): When Amien Rais, Megawati Soekarnoputri and Abdurrahman Wahid agreed on Tuesday to join forces to defeat the status quo, many people automatically thought of the ruling Golkar Party.

Four killed by rebels in Irian Jaya

Four killed by rebels in Irian Jaya JAYAPURA, Irian Jaya (JP): Papua New Guinea Prime Minister Bill Skate sent condolences on Tuesday to the families of four Arso plantation workers who were killed by Indonesian rebels in an attack here two weeks ago.Maj. Gen.

Celebrities all doing their bit for democracy

Celebrities all doing their bit for democracy JAKARTA (JP): Dangdut singer Machicha Mochtar is earnest in her support for Golkar, believes its presidential candidate B.J. Habibie is an "intelligent" enough man to bring progress to the nation, and that Indonesian Military Commander Gen.

Golkar bashings tarnish quiet provincial campaigns

Golkar bashings tarnish quiet provincial campaigns JAKARTA (JP): While the streets in the capital were incarnadined by Megawati Soekarnoputri's noisy supporters, the three-week campaign period began elsewhere in Indonesia with lethargy.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 19, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 400 0 187,500 AHAP Insurance 425 0 0 Alakasa Industrindo 275 25 7,500 Alter Abadi 275 0 5,000 Alumindo...

Safeguarding reform

Safeguarding reform The latest package of economic stabilization and reform measures agreed on by Indonesia and the International Monetary Fund last week should be welcomed, especially ahead of the June 7 general election and after the ruling Golkar Party's nomination of the incumbent B.J.

UN rights commissioner's envoy visits East Timor

UN rights commissioner's envoy visits East Timor JAKARTA (JP): The UN High Commissioner for Human Rights' special envoy to East Timor, Soli Sorabjee, is scheduled to start a four-day visit to the province on Thursday to assess the human rights conditions in the troubled territory.

Where to go in Bali:

Where to go in Bali:Exhibition * Arts Exhibition: A Diversity in Art, by Art Teachers of Denpasar Art Academy and Udayana University, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until Jun. 30.Music and Entertainment * The Oberoi, Legian Beach, Jl.

Provincial legislative candidates unveiled today

Provincial legislative candidates unveiled today JAKARTA (JP): The final provincial legislative list of some 13,500 candidates was completed Wednesday morning, National Elections Committee (PPI) chairman Jacob Tobing said.

Don't vote for 'antiwomen' parties

Don't vote for 'antiwomen' parties SEMARANG (JP): The Jakarta-based Alliance of Women for Justice and Democracy campaigned yesterday against political parties which do not include the protection of women's rights.

PLN makes progress in contract renegotiations

PLN makes progress in contract renegotiations JAKARTA (JP): Cash-strapped state electricity company PT Perusahaan Listrik Negara (PLN) said on Wednesday it had made significant progress in renegotiating contracts with independent power producers (IPPs).

Violations mark 1st day

Violations mark 1st day BANDUNG: The first day of campaigning was colored by various violations, with parties failing to meet their campaign schedules. Six parties were scheduled to campaign on Wednesday, but it turned out that street rallies also involved supporters of the Indonesian Democratic...

Hockey body sets out plans for SEA Games preparations

Hockey body sets out plans for SEA Games preparations JAKARTA (JP): Indonesian Hockey Association (PHSI) executive chairman Nang Primadi Tarmadi said on Wednesday that hockey players would be sent to Brunei Darussalam to compete in the 20th Southeast Asia (SEA) Games in August.

Tanri Abeng denies interfering with IBRA's work

Tanri Abeng denies interfering with IBRA's work JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng denied on Wednesday allegations that he was blocking Indonesian Bank Restructuring Agency (IBRA) attempts to recover nonperforming state bank loans.

Higher education needs revamping

Higher education needs revampingBy Harkiman Racheman This is the second of two articles on the state of Indonesia's higher education in Indonesia. MEDAN, North Sumatra (JP): Let us not forget that tertiary education in Indonesia has all this time been carried out within an incorrect philosophical...

Parsendi: A joker in the pack

Parsendi: A joker in the pack JAKARTA (JP): Other political parties may have recruited celebrities as their campaigners, but the Party of Artistes and Comediennes (Parsendi) is in fact chaired by illiterate comedian Sri "Milko" Mulyati.

Poor consumer protection

Poor consumer protection We bought a rice warmer -- a Young-ma magic jar -- at the Continent Hypermarket in Kuningan, South Jakarta, in April. Unfortunately the product broke after being used for one week.

Angry mob destroys buildings

Angry mob destroys buildings PURWOKERTO, Central Java (JP): Angry over the results of their village head election, hundreds of Sokawera villagers in Banyumas district, Central Java, vandalized the district and village administration offices on Tuesday evening.

U.S. poll watchers in Palembang

U.S. poll watchers in Palembang PALEMBANG, South Sumatra: Representatives of two American poll watchdogs, the Carter Center/National Institute Democratic (NID) and the International Republican Institute (IRI) arrived here on Tuesday.

Balinese kids urged to go back to school

Balinese kids urged to go back to school JAKARTA (JP): "All children have a right to their lives, a right to grow and to develop, and a right to participate in social, cultural and family lives," according to a United Nations convention on children's rights.

Meet Mahathir from Semarang

Meet Mahathir from Semarang SEMARANG: With his average-sized body, his smile, his slick hair and glasses, Daromi Irdjas is a deadringer for Malaysia's strongman leader Mahathir Mohamad.Daromi, deputy chief of the Central Java Election Committee, says his resemblance to Mahathir is an "advantage"...

First trade surplus with Australia

First trade surplus with Australia JAKARTA (JP): Indonesia booked a surplus of A$1.41 billion (about US$950 million) in bilateral trade with Australia in 1998, partly due to a sharp increase in exports to the neighboring country.The surplus is the first recorded by Indonesia in the last five years.

No politicians in KL rights body

No politicians in KL rights body KUALA LUMPUR (DPA): Politicians and civil servants will not be picked as members of the soon-to-be established National Commission on Human Rights, Malaysian Foreign Minister Syed Hamid said on Wednesday.

Golkar asked to quit polls for nation's sake

Golkar asked to quit polls for nation's sake JAKARTA (JP): Political observers irked by Golkar's pro-status quo stance demanded on Wednesday that the party bow out of next month's general election.They suggested that it would be better for Golkar to "save its face" and concentrate on the next...

Shoe firms warn of dangers of general election unrest

Shoe firms warn of dangers of general election unrest JAKARTA (JP): Footwear exporters warned on Wednesday that a disruptive general election and continuing political uncertainties could scare away foreign buyers.

Agenda

Agenda JAKARTA (JP): Ten political parties will be campaigning in Jakarta today (Thursday): the New Indonesia Party (PIB), Indonesian Christian National Party (Krisna), Indonesian National Party led by Supeni (PNI-Supeni), Indonesian Democrats Alliance Party (PADI), Indonesian Muslim Awakening...

Gun blows up inside trousers

Gun blows up inside trousers JAKARTA (JP): A man was accidentally shot and wounded in his left thigh and right arm at a mall in Depok on Wednesday morning after an FN 42 gun belonging to his Army friend accidentally blew up inside the pocket of his trousers.

UK firm plans RI expo

UK firm plans RI expo JAKARTA (JP): United Kingdom-based trade exhibition organizer Miller Freeman announced on Wednesday it would hold an information technology exhibition here in October in cooperation with local partner PT Internusa Promosarana.

Soeharto threatens to sue `Time'

Soeharto threatens to sue `Time' JAKARTA (JP): Former president Soeharto threatened to sue Time magazine on Wednesday for suggesting he and his family had amassed a $15 billion fortune in the 32 years he was in power.