Indonesian Political, Business & Finance News

Archive: 26 May 1999

62 articles found

Antam, Mitsui deal on new smelter plant deadlocked

Antam, Mitsui deal on new smelter plant deadlocked JAKARTA (JP): Publicly listed state general mining company PT Aneka Tambang (Antam) said on Tuesday it was deadlocked in negotiations with Japanese contractor Mitsui & Co. Ltd. for the construction of its third ferronickel smelting plant in Pomalaa, Southeast Sulawesi. Antam president Dedy Aditya Sumanegara said the two companies had yet to reach an agreement on financing for the US$250 million project.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Songs 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Student's Quiz 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30 Music 9:00 World News 9:30 Special Reports 10:00 General Election Program 10:30 TV Series: Labyrinth 11:35 Late News Program 2 4:30 p.m.

Golkar office attacked in Ujungpandang

Golkar office attacked in Ujungpandang UJUNGPANDANG, South Sulawesi (JP): Resentment against Golkar continued to be expressed on Tuesday when supporters of the United Development Party (PPP) attacked a local office of the ruling party here. The supporters threw stones at the heavily guarded office and some of them were also seen attacking the office with arrows. Security personnel, however, were able to control the situation and there were no reports of injuries.

Golkar mass tear PDR flags

Golkar mass tear PDR flags MATARAM, West Nusa Tenggara: The sixth day of the campaign season here got off to a tense start on Tuesday when a group of people clad in Golkar Party attributes tore flags apart belonging to People's Sovereignty Party (PDR). The incident came just after the group left an outdoor rally held by Golkar's Central Lombok branch in Praya square.

Jakarta has new deputy governor

Jakarta has new deputy governor JAKARTA (JP): Minister of Home Affairs Syarwan Hamid installed Fauzie Alvi Yasin, former assistant to the Jakarta secretary in charge of administrative affairs, as Jakarta's deputy governor for economic and financial affairs on Monday. The post has been vacant for the last nine months since Harun Al Rasyid was promoted from the position to governor of West Nusa Tenggara in August last year.

Golkar landslide likely in South Sulawesi

Golkar landslide likely in South Sulawesi By Jupriadi UJUNGPANDANG, South Sulawesi (JP): Banners bearing the Golkar logo and number here also bear the image of the hometown man -- B.J. Habibie. He was born in Pare-pare regency before being sent to school in Java by his family. Habibie served for 20 years as a minister under then president Soeharto before rising to the position of vice president, and now sits in the nation's highest seat of power.

Thousands of PPP supporters flood the capital's streets

Thousands of PPP supporters flood the capital's streets JAKARTA (JP): Hundreds of thousands of United Development Party (PPP) supporters came out in full force in rowdy street rallies across the capital, causing several accidents and massive traffic jams along thoroughfares on Tuesday. Jl. Sudirman and Jl. Thamrin were packed as party convoys flocked to and lingered around the Hotel Indonesia roundabout. Other streets such as Jl. Mampang Prapatan, South Jakarta, Jl. K.M.

Thai activists reject U.S. call on WTO race

Thai activists reject U.S. call on WTO race BANGKOK (AFP): Thai activists Tuesday rejected a U.S. appeal for calm over the highly charged race for the WTO leadership after Washington sparked fury here by failing to back Thailand's candidate. About 20 activists, including a Bangkok MP, delivered two letters to the U.S. embassy here demanding U.S. neutrality in the selection process for the World Trade Organization's new leader. Thailand has accused the U.S.

Badminton association told to evaluate its failure

Badminton association told to evaluate its failure JAKARTA (JP): National Sports Council (KONI) chairman Wismoyo Arismunandar called on officials of the Indonesian Badminton Association (PBSI) to ponder its athletes' failure in the Sudirman Cup and World Championships in Copenhagen, Denmark, on May 9 through May 23. "Take a lesson from this failure and evaluate everything that needs improvement," he said after receiving the badminton contingent at Soekarno-Hatta International Airport on Tuesday.

Large private banks come short on funds

Large private banks come short on funds JAKARTA (JP): Bank Indonesia deputy governor Subarjo Joyosumarto said on Tuesday owners of large private banks were unable to come up with the 20 percent cash requirement to recapitalize their banks due to ballooning funding needs. He said the government would inject more than 80 percent of the necessary funding to recapitalize the banks. "The government will end up controlling more than 80 percent of the banks, but only in large banks.

No more changes to legislative list: PPI

No more changes to legislative list: PPI JAKARTA (JP): The National Elections Committee (PPI) confirmed on Tuesday the list of provincial legislative candidates was final, shrugging off complaints lodged by parties contesting the June polls. "There will be no revision to the list. It's final," PPI chairman Jacob Tobing said.

Party supporters sit on hot teak

Party supporters sit on hot teak KENDARI, Southeast Sulawesi: Two truckloads of party supporters on they way to a soccer field for a campaign were not aware they were sitting on a load of stolen timber until police stopped them. Aburachim Idris, chief of the Southeast Sulawesi forestry office, said on Tuesday the thieves gave a ride to supporters of the unnamed party with the hope that police would not notice anything suspicious in the trucks.

Deputies get the ax at Attorney General's Office

Deputies get the ax at Attorney General's Office JAKARTA (JP): Attorney General Andi M. Ghalib is scheduled to lead a ceremony on Wednesday marking a major reshuffle in the Attorney General's Office, with four of five deputy attorney generals being replaced. One of the deputy attorney generals who will be replaced is Antonius Sujata, the deputy attorney general for special crimes.

'Legitimate' leader key to ending social disorder

'Legitimate' leader key to ending social disorder JAKARTA (JP): Amid the leadership crisis, Indonesia needs a widely-accepted leader to end the social entropy and disorganization that has triggered a series of recent riots, a researcher said on Tuesday. S. Budhisantoso, a researcher from the center of research and development at the University of Indonesia, said that Indonesians have been frustrated and disappointed by President B.J.

Hotel occupancy flat amid campaign

Hotel occupancy flat amid campaign JAKARTA (JP): The Indonesian Hotel and Restaurant Association (PHRI) said on Tuesday there was no sign of an increase in room demand from local residents during the past two weeks as the general election campaign proceeded without major incident. Association deputy chairman Said Umar Husin said earlier predictions there would be a sudden influx during the campaign period proved untrue.

Rebels kill six, injure others in Aceh

Rebels kill six, injure others in Aceh JAKARTA (JP): Violence flared again in the province of Aceh on Tuesday, with the military reporting that Free Aceh separatist guerrillas killed six and seriously injured six others. Indonesian Military (TNI) spokesman Maj. Gen. Syamsul Ma'arif told The Jakarta Post on Tuesday night that at least 20 members of the rebels group launched an assault on a transmigration resettlement center in the Peudada district of North Aceh.

Presidential hopefuls debate

Presidential hopefuls debate From Republika June 7 will be general election day with 48 political parties participating in the elections. The parties will bring their own visions, missions and programs. The event is very important because it will determine the future of Indonesia. The future is expected to be much better because it will be shaped by a clean, moral and professional government. It is not easy for the Indonesian people to choose among the 48 parties.

Spectacle of presidential hopefuls

Spectacle of presidential hopefuls From Rakyat Merdeka I would like the attention of all sides related to the presidential hopefuls debates. The debates have become trendy and a business commodity. The format for the debates is unclear. The debates have a slipshod presentation, and the presidential hopefuls have become mere spectacles. I believe that: 1.

UN to send 5,000 personnel to East Timor

UN to send 5,000 personnel to East Timor JAKARTA (JP): The United Nations plans to deploy nearly 5,000 personnel, including 280 civilian police officers, for its operations in organizing the August ballot in East Timor. Secretary-General Kofi Annan presented to the Security Council on Monday a plan to establish the United Nations Mission in East Timor (UNAMET) which will organize and conduct the "popular consultation", as the vote is officially called. In the ballot, scheduled for Aug.

Anxious workers halt overseas trip

Anxious workers halt overseas trip BANJARNEGARA, Central Java: Some 300 workers bound for several Asian countries rallied at a labor exporting company here to demand that it cancel their overseas trip for fear the unrest during the campaign season now underway for the June elections would affect the company. The workers also demanded a return of their registration fees, which cost each of them Rp 3 million (US$370).

RI's Olympic team wins 2-1 in opening match

RI's Olympic team wins 2-1 in opening match JAKARTA (JP): Indonesia's pre-Olympic soccer team defeated Taiwan 2-1 in an opening match of the Asian zone Group 8 prequalifying round for the 2000 Olympic Games in Tong Dae Moon, Seoul on Tuesday. Spokesman for the All Indonesian Soccer Federation (PSSI) Tondo Widodo said Taiwan led 1-0 after a goal from Lee Chen-Kuang at the 20th minute, but Indonesia's top striker Bambang Pamungkas equalized at the 66th minute.

Jayapura drivers go on strike

Jayapura drivers go on strike JAYAPURA, Irian Jaya: Dozens of public transportation drivers here went on strike on Tuesday following a police attack against one of them a day earlier. The strike left scores of commuters stranded, forcing some of them to go on foot to their destination. One of the protesting drivers, Muhammad, said he and his friends launched the strike in solidarity with their friend who was hit by a police officer on Monday. Antara quoted police officer First Lt.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on May 25, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Golkar charge taints mostly smooth campaign

Golkar charge taints mostly smooth campaign JAKARTA (JP): The first phase of the two-week general election campaign was generally considered secure and orderly, except for a spoiler on Monday which could lead to the Golkar Party's disqualification from the remainder of the campaign.

11 injured as police fire on protesters: Reports

11 injured as police fire on protesters: Reports JAKARTA (JP): Police in the North Sumatra capital of Medan shot into a crowd of about 5,000 students and workers during a protest over a land dispute on Tuesday, wounding at least 11, local hospital sources said. Speaking to The Jakarta Post by telephone from Medan, nurses at Nur Shadah Hospital and Elizabeth Hospital said that most of the injured suffered gunshot wounds.

Golkar suspected of rice gift scam

Golkar suspected of rice gift scam CILACAP, Central Java: The government Election Supervisory Committee said it was investigating reports in the Kroya district of Golkar distributing free sacks of rice to people with coupons bearing the party's logo. Amir S. Fauzi, the committee chairman, said investigations followed suspicions that the distributed five-kilogram sacks belonged to the state.

Manila regrets boat sinking

Manila regrets boat sinking MANILA (Reuters): Manila voiced regret on Tuesday over what it called an accidental sinking of a Chinese fishing boat in a disputed area in the South China Sea, but three survivors said they were rammed by a Philippine Navy ship. "This is an unfortunate incident. We have sent our regrets to the Chinese ambassador," Philippine President Joseph Estrada told reporters.

Not much credit is due Habibie's presidency

Not much credit is due Habibie's presidency After Soeharto finally relinquished power a year ago due to a combination of the economic downturn, bloody riots and unrelenting pressure from students, he put vice president B.J. Habibie in power. Political analyst J. Soedjati Djiwandono taps into the nation's pulse on the merits of his successor. JAKARTA (JP): Two positive things about Habibie's presidency readily come to mind: He is a civilian and non-Javanese.

Governor ready for hostages

Governor ready for hostages JAYAPURA, Irian Jaya: Governor Fredy Numberi said on Tuesday he has been authorized by Minister of Home Affairs Syarwan Hamid to receive 11 Irianese currently held captive in Papua New Guinea (PNG) by a rebel group should the latter party release the hostages. The Irianese gang abducted the 11 Arso villagers, mostly women, early this month, and is believed to be hiding in the neighboring country.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 25, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 400 0 378,000 AHAP Insurance 425 0 0 Alakasa Industrindo 250 0 42,500 Alter Abadi 350 25 1,687,000 Alumindo Light Metal 750 0 0 Aneka Kimia Raya 375 25 292,500 Aneka Tambang (Persero) 1,650 -100 15,326,500 Anwar Sierad 300 50 974,500 APAC Centertex Corp.

Soldiers on dead alert

Soldiers on dead alert JAKARTA: Troops jealously guarding vital government offices around the National Monument stopped a funeral procession, which they mistook for a Golkar rally because the mourners carried yellow flags. A brief argument occurred before the mourners could convince the soldiers that the coffin contained a real corpse and they were not student demonstrators protesting controversial government policies. "We are not demonstrating, Sir.

A backlash against Golkar

A backlash against Golkar With less than a fortnight to go before the ballots are cast in what could easily be the most crucial general election in this country's history, things do not seem to be looking too well for the erstwhile all-powerful ruling party, Golkar. Obvious obstacles on Golkar's road to a possible victory are the two separate, but related, alliances forged between opposition parties during the past week.

Messy politics may 'delay investor return to Indonesia'

Messy politics may 'delay investor return to Indonesia' SINGAPORE (Agencies): Hopes for a rush of foreign capital into Indonesia following the June 7 elections are dwindling as it becomes clear the result may begin a long period of political deal making. Recent opinion polls from Jakarta have shown that none of the major parties contesting the election have anywhere near a commanding enough lead to form a government on their own.

Cement exports rise 200 percent in first quarter: ICPA

Cement exports rise 200 percent in first quarter: ICPA JAKARTA (JP): Cement exports rose 200 percent to 2.2 million tons in the first quarter of the current year from the same period last year, according to the Indonesian Cement Producers Association. The association said cement exports began to pick up in February when a number of local producers began to sell their products overseas to compensate for sluggish demand in the domestic market.

'Negative campaigning' prominent, says UNFREL

'Negative campaigning' prominent, says UNFREL JAKARTA (JP): Observers believe the reform movement which forced Soeharto to step down last year has yet to change people's political behavior for the better, with many still engaged in "negative campaigning" for the June 7 general election.

History leads us to be decisive about our future

History leads us to be decisive about our future By Mochtar Buchori JAKARTA (JP): It has been frequently said that there is a clear relationship between our past, our present, and our future, and that history teaches us how to perceive this relationship. Is this a valid proposition? It is not too easy to answer this question, because there are conflicting views about the value of history.

PUI campaigner left in the cold

PUI campaigner left in the cold JAKARTA (JP): Dozens of people attending the Islamic Community Party (PUI) rally in North Jakarta ran for safety, leaving campaigner Zhulhasby in alone, when hundreds of rival party supporters streamed in for their own campaign. Zhulhasby saw no more PUI supporters and stopped his speech when the noisy banner-waving United Development Party (PPP) crowd glared at him.

Diabetes research focuses on local foods

Diabetes research focuses on local foods YOGYAKARTA (JP): The 30-year-old man gave up rice three months ago after the doctor told him that he was diabetic. Now, like many diabetic patients, he has boiled potatoes for his meals as he believes that the diet is good for him. The fact is, potatoes provides the same glucose levels in blood as rice does. "It is often suggested that diabetic persons eat potatoes instead of rice.

Workers stage protest on toll road

Workers stage protest on toll road TANGERANG (JP): At least 1,300 workers of the biscuit company PT Mayora Indah staged a protest for wage increases on the Jakarta-Merak toll road on Tuesday after nine earlier demonstrations went unheeded. The protesters held a free speech forum on the busy lanes in Bitung area, about 3 kilometers from their factory at Pasir Jaya village in Jatiuwung district, causing major traffic jams for about two hours.

Agenda

Agenda JAKARTA (JP): Wednesday campaigning will be the turn for 10 political parties: the National Awakening Party (PKB); the Justice and Unity Party (PKP); the All-Indonesian Workers Solidarity Party (PSPSI); the Indonesian Nation's National Party (PNBI); the Indonesian Unity in Diversity Party (PBI); the Suni Party; the National Democrats Party; the Indonesian Muslim Party (PUMI) and the Indonesian Workers Party (PPI).

Malaysian sex syndicate busted

Malaysian sex syndicate busted KUALA LUMPUR (AFP): Malaysian authorities have busted a syndicate in Malaysia's northern Penang state that brought in foreign transvestites to work in the sex industry, a report said on Tuesday. Four transvestites from Thailand and two Indonesians, aged between 20 and 28, were nabbed during a raid last week, immigration director Mohamad Saad Mohamad Akhir was quoted as saying by The Sun daily.

Monetary policy goals still unclear in most Asian nations

Monetary policy goals still unclear in most Asian nations HONG KONG (Dow Jones): After two years in which the region's financial crisis dominated their decisions, Asian countries have finally regained some freedom to set monetary policy - and some are finding it difficult to reconcile conflicting goals.

Bus owners play hard to get

Bus owners play hard to get JAKARTA: As animosity against the once extremely powerful Golkar abounds, even bus drivers and people on the street are playing hard to get with the party. Leaders of the ruling Golkar party found getting people and transportation for Monday's campaigning were scarce due to fear of attacks on the street.

Auction opens for forestry concessions

Auction opens for forestry concessions JAKARTA (JP): After several delays, the government finally opened the long-awaited auction for obtaining concession rights to carry out logging activities in the country. Director General of Forest Utilization Waskito Soerjodibroto said on Tuesday the auction, the first open bidding system to award forest concession rights to investors, would be made for 170,000 hectares of forest blocks in Central Kalimantan and Irian Jaya.

Hopes for a better Indonesia

Hopes for a better Indonesia While I wrote this on May 19, 1999, far away in England, my thoughts went back to the same day, a year ago, when we lived in Indonesia. On this same day, we got a phone call in the morning from concerned people in our company and were told to leave Jakarta for Singapore, as massive unrest was expected. So, together with thousands of other people, many much more desperate and determined not to return, we made it to Singapore in the early hours of the following days.

Bintang displays street cred

Bintang displays street cred SEMARANG: Sri Bintang Pamungkas, the Indonesian Democratic Union Party (PUDI) boss very popular among reformists, is known as an "ex-detainee" and nothing else among the city's traders. Bintang learned the bitter reality when he dropped by Karangayu and Bulu markets on Monday to distribute party stickers to traders and shoppers. "Isn't it Pak Bintang who was detained with (labor leader) Pak Pakpahan?" a woman mumbled out loud.

Secretary-general of home affairs ministry resigns

Secretary-general of home affairs ministry resigns JAKARTA (JP): The secretary-general of the Ministry of Home Affairs, Feisal Tamin, tendered his resignation on Monday, intending to concentrate on chairing the Indonesian Civil Servants Corps (Korpri). The resignation, which took place within in 15 minutes at the ministry's office on Jl. Medan Merdeka Utara in Central Jakarta, was attended by Minister of Home Affairs Syarwan Hamid and other high-ranking officials at the ministry.

PDI orator losing listeners

PDI orator losing listeners KUPANG, East Nusa Tenggara: Nico Daryanto, probably one of the greatest orators the once pro-Soeharto Indonesian Democratic Party (PDI) has ever had, is losing his audience. Two years ago, thousands of people attended his fiery campaign speech. But on Tuesday, only about 50 people, mostly children, were present at his campaign on the same soccer field.

Motorcycle theft rises in Nusa Tenggara

Motorcycle theft rises in Nusa Tenggara MATARAM, West Nusa Tenggara: Local police here on Tuesday urged motorcycle owners to equip their vehicles with extra locks and use special signs to help them easily identify their belongings if they are stolen later. West Nusa Tenggara Police spokesman Maj. Dahlan Enjang also asked people to not be easily attracted to purchase cheap motorcycles as they might be stolen.

Police disband PRD rally

Police disband PRD rally PURWOKERTO, Central Java: Police here dispersed hundreds of Democratic People's Party (PRD) supporters who attended a night campaign rally on Monday. The party supporters had flocked to Saudagaran square on Jl. D.I. Panjaitan when about 100 police came to disband the gathering on grounds that it violated campaign rules. The police insisted that the party branch here had failed to notify them of the event beforehand.

Mahathir tells the West to leave Asia alone

Mahathir tells the West to leave Asia alone KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad has told the west to let Asia resolve its own economic problems, warning in his new book that any economic deterioration might spark unrest. In his book A New Deal for Asia launched here on Monday, Mahathir said it was the western countries, in particularly the United States, and not Japan, who have real leverage to overcome East Asia's economic malaise.

Democracy taking root

Democracy taking root The rally by Megawati Soekarnoputri's Indonesian Democratic Party of Struggle (PDI Perjuangan) is the popular politician's first personal appearance in the lead up to the June 7 poll, and its peaceful conclusion makes a promising start in the first democratic elections since 1955.

Rubber futures close lower

Rubber futures close lower SINGAPORE (AFP): Rubber futures prices in Singapore ended lower Tuesday on bigger turnover, dealers said. Volume for the three contracts traded on the Singapore Commodity Exchange Ltd. rose to 7,430 tons from 4,210 tons on Monday. October-December RSS 1 was last traded at 116.5 Singapore cents, July RSS 3 at 63.00 U.S. cents and June TSR 20 (FOB) at 56.00 U.S. cents.

Indonesia awaits its future

Indonesia awaits its future By Patrick Schwarz This is the first of two articles exploring the stake of Indonesian people in the days to come. SEMARANG (JP): Many foreign executives, diplomats and educators that faced a posting to Indonesia over the last few years were handed a book by their organizations that served as a political introduction to their future host country.

McDermott's Natuna success receives lukewarm welcome

McDermott's Natuna success receives lukewarm welcome JAKARTA (JP): The success of PT McDermott Indonesia, a subsidiary of American construction company J Ray McDermott SA, in winning the contract to build an underwater pipeline to transport natural gas from the Natuna islands to Singapore has received a lukewarm response.

Does televised campaigning get the message across

Does televised campaigning get the message across Television stations broadcast every day staged sessions of debates and orations of political parties. The Jakarta Post correspondents M.M.I. Ahyani in Bandung, Asip Agus Hasani and Sri Wahyuni in Yogyakarta, Lourenco Vicente Martins in Dili, East Timor, Ainur R. Sophiaan in Surabaya, and reporter Sugianto Tandra in Jakarta ask whether this particular method of campaigning is effective.

Partisan duo killed in crash

Partisan duo killed in crash PADANG, West Sumatra: Two men died and another was seriously injured in a traffic accident on Jl. Simpang Haru after leaving a campaign rally held by Indonesian United Islam Party (PSII) on Monday. Dasman, 30, and his friend Muhardi, 25, were killed instantly after an oncoming speeding truck slammed into their motorbike. Their friend, Ismet, 40, who was riding another motorcycle, escaped the truck's impact. The bodies of Dasman and Muhardi were buried on Tuesday.

PBI waits for funds from KONI

PBI waits for funds from KONI JAKARTA (JP): Indonesian Bowling Association (PBI) had not received financial support from National Sports Council (KONI) to fund its athletes' tryout abroad in preparation for the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August, PBI's deputy chairman Aswin Limansantoso said on Monday. Aswin said that PBI's officials did not know how to propose for the money.

Govt to trace 'Time' reports in Europe

Govt to trace 'Time' reports in Europe JAKARTA (JP): Minister of Justice Muladi announced on Tuesday he would go to Switzerland and Austria with Attorney General A.M. Ghalib to investigate Time magazine's report on the transfer of US$9 billion in funds allegedly belonging to the Soeharto family from a bank in Switzerland to an Austrian bank.

Govt plans incentives for coal mining activities

Govt plans incentives for coal mining activities JAKARTA (JP): The Ministry of Mines and Energy plans to provide new incentives to encourage the development of low quality coal in remote areas. Director General of Mines Rozik Boedioro Soetjipto said on Tuesday the planned incentives would include the introduction of lower royalties for coal mining activities.

New military paradigm

New military paradigm From Media Indonesia Now that people are every day of their lives concerned with matters pertaining to security and public order -- especially after the bloody May riot and similar riots in Ambon, Ketapang, Kupang, Sambas, Aceh and elsewhere across the country -- the above issue is worth posing to the Indonesian Military (TNI).

Viewers divided over value of television campaigns

Viewers divided over value of television campaigns JAKARTA (JP): Everyone would agree that campaigning on TV is very useful in that it doesn't cause problems like fear of street violence and traffic snarls. However, due to time constraints its effectiveness to convey the campaigners' party programs is questionable. The Jakarta Post asked people from a variety of backgrounds for their viewpoints on the electronic media election campaigns.