Indonesian Political, Business & Finance News

Archive: 22 May 1999

62 articles found

Poll official turns out to be thief

Poll official turns out to be thief PURBALINNGA, Central Java: A legislative candidate who is also a local member of the Indonesian Elections Committee is in trouble after he was caught red-handed stealing ballot cards on Thursday.

Fed up and still taking it?

Fed up and still taking it? The May 18 article on the misuse of social safety net funds by Karang Anyar subdistrict head Erwanto is a prime example of what is rotten in Indonesia, and it will continue unabated.

Education master plan -- Quo Vadis?

Education master plan -- Quo Vadis?By Nirwan Idrus JAKARTA (JP): Somebody was recently heard asking if Indonesia has an education master plan? Somebody else was heard replying: "A what?", and another murmured something about it being overdue.

Megawati gets orangutan backing

Megawati gets orangutan backing SEMARANG: Supporters of Megawati Soekarnoputri's Indonesian Democratic Party of Struggle (PDI Perjuangan) never run out of fresh ideas to draw people's attention to their street rallies.On Thursday, they paraded two large orangutans on motorcycles around town.

Cows take over rally

Cows take over rally PADANG, West Sumatra: A group of reporters who arrived at Rimbo Data soccer field were greeted by a group of grazing cows while supporters of People's Choice Party (Pilar) who had scheduled to stage a campaign there Thursday were nowhere in sight.

PNBI bosses hard to please

PNBI bosses hard to please PURWOREJO, Central Java: Local Indonesian Nation's Nationalist Party (PNBI) leaders' bid to improve the dignity of marginalized people has failed to impress the bosses in Jakarta.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 21, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 400 0 16,500 AHAP Insurance 425 0 0 Alakasa Industrindo 250 0 121,000 Alter Abadi 300 25 96,000...

Indonesian vanguard advances in Copenhagen

Indonesian vanguard advances in CopenhagenBy Primastuti Handayani COPENHAGEN (JP): The Indonesian flag continues to fly in Copenhagen as women's singles player Cindana Hartono, men's singles Hendrawan and three men's doubles teams survived the third day of the badminton World Championships at...

Rallying students clash with troops

Rallying students clash with troops JAKARTA (JP): Around 3,000 students clashed with security personnel on their way to the House of Representatives (DPR) in Central Jakarta on Friday afternoon, where they planned to stage a demonstration to demand former president Soeharto be brought to trial for...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Cancer Constellation, by Venezuelan artists, at La Casa de Mexico, Jl. Panglima Polim III no. 1-3, South Jakarta, 11 a.m. to 6 p.m., until May 25. * Drawing Exhibition: Tumbal by Hendro Suseno, at Galeri Milenium, Blok B-23, Jl. R.S.

State banks told to recover $5.6b in bad loans

State banks told to recover $5.6b in bad loans JAKARTA (JP): The government has ordered state banks to recover Rp 45 trillion (US$5.6 billion) of their problem loans this year by focusing on their 125 largest debtors.

Foreign ownership limit removed

Foreign ownership limit removed JAKARTA (JP): Foreign investors are now allowed to buy up to 99 percent of a bank's shares, the Jakarta Stock Exchange (JSX) announced on Friday.The JSX said the move, which became effective on Friday, followed the government's recent decision to raise the limit on...

Supreme Court rejects Bank Papan appeal

Supreme Court rejects Bank Papan appeal JAKARTA (JP): The Supreme Court has upheld Jakarta Commercial Court's decision to reject an attempt by Bank Papan Sejahtera to have PT Semen Cibinong declared bankrupt.

Habibie's performance

Habibie's performance A year after President B.J. Habibie came to power, many people are busy writing reports on his performance. Some people are giving him positive grades, as a media poll conducted by the RCTI television network and some foreign media publications showed us a few months ago.

PKB reprimanded for damning Golkar

PKB reprimanded for damning Golkar YOGYAKARTA: The National Awakening Party (PBB) was reprimanded Friday because its chairman Matori Abdul Djalil damned a rival party while addressing a campaign here Thursday."We filed the letter of warning today (Friday)," said Moh. Mahfud M.D.

Only five parties turn up for debate

Only five parties turn up for debate PURWOKERTO, Central Java: Of 35 parties registered to contest the June polls here, only five sent representatives to a public debate organized by the Student Senates of General Soedirman University here on Friday.

An insult to politicians

An insult to politicians It is difficult to tell from the strident and abrasive tone of Hilde May's letter of May 19 whether the writer is for or against Megawati. Perhaps in Germany, Hilde finds it necessary to verbally abuse and insult politicians in order to get the necessary results, but in...

Wooing the votes of 94 million workers in the general elections

Wooing the votes of 94 million workers in the general elections JAKARTA (JP): Millions have lost jobs and careers, many more fear the same. What pledge would a workers' party dare make?Political parties, including labor parties, face tough competition to win more than 94 million workers' votes in...

PDI Perjuangan, PAN steal the show in South Sulawesi

PDI Perjuangan, PAN steal the show in South Sulawesi UJUNGPANDANG, South Sulawesi (JP): The third day into the campaign season proceeded in a relatively peaceful way here on Friday, with the Indonesian Democratic Party of Struggle (PDI Perjuangan) and the National Mandate Party (PAN) exchanging...

PPP takes advantage of 'Time' report

PPP takes advantage of 'Time' report MEDAN, North Sumatra: Politicians took advantage of a Time magazine report alleging that the Soehartos own a fortune of US$15 billion, promising a serious investigation into the issue should their parties win.

Army developing new military commands

Army developing new military commands JAKARTA (JP): Eight new regional military commands will be established, adding to the existing nine commands, to maintain the country's defense, security and unity, Indonesian Defense Force (TNI) Commander Gen. Wiranto said on Friday.

Determined Cindana proves her point

Determined Cindana proves her point COPENHAGEN (JP): Cindana Hartono Kusuma is no longer overshadowed by Indonesia's controversial sports starlet Mia Audina. She proved that even without Mia, she could beat seventh seeded Gong Zhichao in the World Championships on Thursday.

Official's wife faces punishment

Official's wife faces punishment YOGYAKARTA: The local elections committee will summon Mrs. Suharto, wife of the secretary to the Bantul regent, for allegedly abusing the housewives organization (PKK) she leads in favor of the Golkar Party.

Extra flights not used by foreign airlines

Extra flights not used by foreign airlines JAKARTA (JP): Several international airlines including EVA Air, Emirates Airlines and Singapore Airlines (SIA) denied on Friday that they have asked the government for permission to boost flight frequency from Indonesia.

Contemporary group reviving Bali's operatic tradition

Contemporary group reviving Bali's operatic traditionBy Kadek Suartaya BALI (JP): An ancient form of Balinese theater, Arja, seems to have recovered from its unconsciousness and regained the glory it held from the 1950s to the 1970s.

Third campaign day peaceful in Jakarta

Third campaign day peaceful in Jakarta JAKARTA (JP): The third day of campaigning passed smoothly on Friday, with no single party dominating the city's streets.Some lesser known parties avoided staging large rallies and instead distributed flowers, sparing city residents the ordeal of endless...

Wasted flags

Wasted flags It was surprising to learn that the Jakarta city administration allocated Rp 2 billion (US$231,000) for the purchase and raising of 5,400 campaign flags (Parties' flags to start flying, The Jakarta Post, April 26, 1999). The cost per flag works out to US$42.78.

Airport records surge in departures

Airport records surge in departures TANGERANG (JP): The departure gates of Soekarno-Hatta International Airport were crowded with people leaving the country on Friday, as fears of rioting during the campaign period rose to new heights.

ARCO's deal with Circle questioned

ARCO's deal with Circle questioned JAKARTA (JP): State oil and gas company Pertamina said on Friday it would question the Indonesian unit of American oil and gas company Atlantic Richfield Company (ARCO) over the transportation and logistics contracts it awarded to American service company Circle...

Arts performance breaks out at rally

Arts performance breaks out at rally BANDUNG: Poor preparation left a planned campaign rally at Saparua sports hall here on Thursday without any campaigners, but the crowd did not go home disappointed.No executives from the Umat Awakening Party (PKU) appeared to address the hundreds of people who...

Indonesia names soccer squad for 20th SEA Games

Indonesia names soccer squad for 20th SEA Games JAKARTA (JP): The All Indonesia Soccer Federation (PSSI) announced on Friday the names of the 23 players to compete for the country in the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August.

Govt urged to address violence in Irian

Govt urged to address violence in Irian JAKARTA (JP): Washington-based human rights groups called on the Indonesian government to address violence allegedly committed against indigenous women in Irian Jaya by the Indonesian Defense Force (TNI).The Robert F.

Abdurrahman named for presidency

Abdurrahman named for presidency SEMARANG: The provincial office of the National Awakening Party (PKB) here announced on Friday its support for the party founding father Abdurrahman Wahid to run for the presidency.

One year on and students still pushing for change

One year on and students still pushing for change Demonstrating university students were among the major elements behind the immense pressure that eventually forced Soeharto to resign a year ago. Hermawan Sulistyo, director of the Research Institute for Democracy and Peace reevaluates the student...

Police post burned after beating report

Police post burned after beating report MANOKWARI, Irian Jaya: A police post in the Sanggeng area of Manokwari here was set ablaze by an unidentified group in the early hours of Friday.No fatalities were reported in the fire at the post, located in the heart of Manokwari town, Antara said.

Hawkers swarm election office

Hawkers swarm election office PALU, Central Sulawesi: The Provincial Elections Committee office has been overwhelmed by food and drink hawkers who have flocked there to obtain campaign schedules.The stream of inquiries was triggered by disappointment over Thursday's cancellation of Indonesian...

Reform coalition gets a boost from PK, PPP

Reform coalition gets a boost from PK, PPP JAKARTA (JP): The opposition alliance recently set up to challenge Golkar received on Friday a further boost when two Islamic parties with large followings, the United Development Party (PPP) and the Justice Party (PK), jumped on the bandwagon.

MAS sells overseas assets

MAS sells overseas assets KUALA LUMPUR (AFP): Malaysian Airline System Bhd. is believed to be selling residential and commercial properties abroad as part of a cost rationalization program, industry sources say.

'Restructure' ownership of Soeharto firms

'Restructure' ownership of Soeharto firms JAKARTA (JP): Economic analyst Laksamana Sukardi rejected on Friday the idea of 'killing' businesses owned by former president Soeharto's family and cronies, saying the businesses should be maintained given their valuable assets.

Parties are not doing much for political education

Parties are not doing much for political educationBy Johannes Nugroho SURABAYA (JP): As Indonesia advances toward the designated "period of political campaign", one pertinent question remains. Amid the continuing pandemonium of conflicting ideas, political brawls and slingshots of accusations, is...

Confusing words

Confusing words A few days ago President Habibie gave a speech warning the people of the lurking danger of KOMAS, which he meant as the danger coming from communists, marhaenists and socialists. This combination of three political ideologies invented by the President has invited strong criticism...

Ambon MP probe shooting incidents

Ambon MP probe shooting incidents AMBON, Maluku: Military police investigators from the 16th Pattimura Regional Military Command have questioned seven security officers and four civilians in connection with last Saturday's shooting in the Mardika and Batu Gajah area in which seven people were...

Direct ballot in East Timor to be held on Aug. 7

Direct ballot in East Timor to be held on Aug. 7 JAKARTA (JP): The government has decided to move the scheduled Aug. 8 direct ballot in East Timor one day forward on request of Catholic church leaders in the predominantly Catholic province, Minister of Justice Muladi said on Friday.

PPI issues final legislative candidates' list

PPI issues final legislative candidates' list JAKARTA (JP): After a two-day delay, the National Elections Committee (PPI) issued on Friday the final list of 11,583 provincial legislative candidates, reduced from about 13,500 names on the original list.

Parties want TNI dual function reviewed

Parties want TNI dual function reviewed JAKARTA (JP): The dominant role of the military is one of the most serious constraints to democracy, say reform-minded students. The students have been at odds with politicians and legislators, most of whom call for compromises.

Ginandjar says U.S. govt not behind WB loan delay

Ginandjar says U.S. govt not behind WB loan delay JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita denied on Friday reports that the U.S. government was behind the delay of a World Bank loan disbursement for Indonesia.

Govt under fire over banking policy

Govt under fire over banking policy JAKARTA (JP): Former finance minister Fuad Bawazier on Friday doubted the effectiveness of the country's costly bank restructuring program, accusing the government of not being serious about cracking down on banking crime.

Kuwaiti firm to build oil refinery

Kuwaiti firm to build oil refinery JAKARTA (JP): PT Hemoco Selayar International Oil Refinery, a joint venture between a Kuwaiti firm and its local partners, has won government approval to build a US$2.4 billion oil refinery and petrochemical complex on Selayar island, South Sulawesi.

Party clears office debt

Party clears office debt DILI, East Timor: Yesri R. Brahmana's dedication to party politics is unquestionable. Last month, she borrowed Rp 5 million from a friend to open a branch office of the Indonesian Christian National Party here.

Habibie marks 1st year in office

Habibie marks 1st year in office JAKARTA (JP): President B.J. Habibie led two ceremonies on Friday to mark the end of his first year of rule, while his predecessor Soeharto marked the anniversary of his resignation by condemning the Time magazine for its report alleging he and his family had a...

75% eligible voters sign up in Maluku

75% eligible voters sign up in Maluku JAKARTA (JP): Campaigning and election preparations continued on Friday in the trouble spots of Aceh and Maluku, but came to a standstill for the second day in a row in at least one town in Irian Jaya, which has recently witnessed an upsurge of separatism.

Regional currencies gaining ground on U.S. dollar sales

Regional currencies gaining ground on U.S. dollar sales HONG KONG (Dow Jones): Purchases of regional currencies by market participants looking to cut back their long U.S. dollar positions ahead of the weekend boosted Asian currencies during local dealing hours Friday.

Pangkep islanders equate elections with free T-shirts

Pangkep islanders equate elections with free T-shirtsBy Arifuddin Saeni UJUNGPANDANG, South Sulawesi (JP): Politics, reforms, election campaigns -- all sound like gibberish in the remote fishing islands of Pangkep.

'Time' magazine report 'cruel slander': Soeharto

'Time' magazine report 'cruel slander': Soeharto JAKARTA (JP): Former president Soeharto has called the cover story on the latest edition of Time magazine -- in which he is accused of amassing enormous wealth during his 32 years in power -- a cruel slander.

Puncak Jaya waits for ballot papers

Puncak Jaya waits for ballot papers JAYAPURA, Irian Jaya: Voters in Puncak Jaya regency will have to wait several days to receive ballot papers sent from Jakarta earlier this week.Wempi Wola, the provincial administration official in charge of sociopolitical affairs, told The Jakarta Post on...

Anti-reformists to get Soeharto Awards

Anti-reformists to get Soeharto Awards JAKARTA (JP): The executive body of the University of Indonesia Students launched on Friday a poll to decide which individuals, groups or institutions deserved the Soeharto Award for being antireform and defenders of the New Order.

Agenda

Agenda JAKARTA: Saturday will see campaigning by 10 parties: the National Mandate Party (PAN), the Crescent Star Party (PBB), the Workers Solidarity Party (PSP), the Justice Party (PK), the Nahdlatul Ummat Party (PNU), PNI-Front Marhaenis under Probosutedjo, the Independence Vanguard Party (IPKI),...

Few women listed for legislature

Few women listed for legislature SEMARANG: Only one third of the political parties contesting the June polls recruit women to run for legislative seats, a researcher said on Friday.Nunik Sriyuningsih, head of Diponegoro University's Center for Women's Studies, said she was afraid the low number of...

Prajogo queried over donations

Prajogo queried over donations JAKARTA (JP): Business tycoon Prajogo Pangestu was questioned at the Attorney General's Office here on Friday in connection with an investigation into charges of collusion, corruption and nepotism at several foundations chaired by former president Soeharto.

ASEAN-EU ties at 'standstill' over Myanmar

ASEAN-EU ties at 'standstill' over Myanmar BANGKOK (Agencies): The European Union's (EU) political dialog with Asia's largest trading bloc is at a "standstill" and will not resume until Myanmar improves its human rights record, a senior EU official said on Friday.

Citizens abroad to vote by mail

Citizens abroad to vote by mail COPENHAGEN: About 40 percent of eligible Indonesian voters living in Denmark will exercise their voting right through mail, an embassy official said.Yuwono A. Putranto, first secretary for political affairs at the Indonesian Embassy and deputy chairman of the...

Conversion rates

Conversion rates Bank Bali's conversion rates on May 21, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,060.00 8,120.00 8,060.00 8,160.00Australian dollar 1 5,311.55 5,403.15 5,286.00 5,478.00Austrian schilling 1 618.62 628.26 - -Belgian franc 1 211.02 214.