Archive: 28 May 1999
62 articles found
Fri, 28 May 1999, 00:00 WIB
Bali Police arrest two for exam leaks
Bali Police arrest two for exam leaks DENPASAR, Bali: Local police have arrested two men believed to have revealed the contents of the province's high school final examination, an official said here on Thursday. Police identified the suspects only as KBD, 30, an employee of a local printing company allegedly paid to print the examination papers, and unemployed IBS, 25, Bali Police spokesman Maj. Y. Suyatmo said.
Fri, 28 May 1999, 00:00 WIB
Credit suspension affects PDR
Credit suspension affects PDR MANADO, North Sulawesi: An executive of the People's Sovereignty Party (PDR) here acknowledged on Wednesday the central bank's suspension of a business credit scheme for farmers had forced it to revise its vote target in the upcoming polls. However, the party chapter's secretary, Rizal Lumiu, was quick to deny the credit loans were only allocated to farmers who supported PDR.
Fri, 28 May 1999, 00:00 WIB
Indonesia beats Sri Lanka 2-1 in pre-Olympic match
Indonesia beats Sri Lanka 2-1 in pre-Olympic match JAKARTA (JP): Indonesia's pre-Olympic soccer team did not play its best in defeating underdog Sri Lanka 2-1 in the second match of the Asian Zone Group eight prequalifying tournament for the 2000 Olympic Games at Tong Dae Moon stadium in Seoul, South Korea, on Thursday, according to Tondo Widodo, spokesman for the All-Indonesian Soccer Federation (PSSI).
Fri, 28 May 1999, 00:00 WIB
Agenda
Agenda JAKARTA (JP): Some of the 10 political parties to take turns campaigning in the capital Friday plan to do "something different" to win public sympathy. They promise it will be more than just street rallies. The Indonesian People's Party (Pari) supporters, for instance, will hold a Friday Islamic mass prayer at the Hotel Indonesia roundabout in Central Jakarta. The prayer will be led by party chairman Agus Miftah. "It will be an innovative way of campaigning," a party activist said.
Fri, 28 May 1999, 00:00 WIB
Party supporter falls to his death
Party supporter falls to his death SEMARANG: An Indonesian Democratic Party of Struggle (PDI Perjuangan) teenage supporter died after he fell from a truck during a motorcade here on Thursday. Witnesses said Slamet Riyanto, 18, slipped off the back of the truck after falling asleep. The convoy was passing Salaman subdistrict when the accident occurred.
Fri, 28 May 1999, 00:00 WIB
PKB supporters attack PPP backers, injuring 15
PKB supporters attack PPP backers, injuring 15 PEKALONGAN, Central Java (JP): Fifteen supporters of the United Development Party (PPP) were injured in an attack by supporters of the National Awakening Party (PKB), party officials said on Thursday. The attack occurred during a PPP campaign rally in Gemek village on Wednesday.
Fri, 28 May 1999, 00:00 WIB
PAN executives leave party
PAN executives leave party PALEMBANG, South Sumatra: Three executives of the National Mandate Party's (PAN) provincial chapter here have decided to leave the party. Deputy secretary Sribanun Hafiz, head of youth affairs K. Herman and a member of the executive board Usman Said announced their resignations during a media conference on Wednesday. Herman told Antara he would concentrate on his business, while Sribanun cited disagreements between the party's missions and her conscience.
Fri, 28 May 1999, 00:00 WIB
A tragic legacy
A tragic legacy Brutal acts of violence and murders, such as the senseless "killing fields of Aceh", "bloody Semanggi", and "the Ketapang free fight" are merely a reflection of the way this nation was brought to its 53rd birthday, under authoritarian rule for more than 50 percent of its lifetime. All of these incidents have tragic consequences, not only for those killed or injured, but also for their families and communities and, indeed, for the national psyche.
Fri, 28 May 1999, 00:00 WIB
Politicians lack education
Politicians lack education MATARAM, West Nusa Tenggara: Over 30 percent of the 559 legislative candidates for the Mataram mayoralty legislative council are elementary school graduates, an official revealed on Thursday. The legal minimum education level for a legislative candidate is junior high school. Abd. Hamid Faesal, chief of the Mataram elections committee, said the legislative candidates' lack of formal education had put the committee in a difficult situation.
Fri, 28 May 1999, 00:00 WIB
Worker protests inflict losses: Apindo
Worker protests inflict losses: Apindo JAKARTA (JP): Local industrialists said here on Thursday that a recent series of protests and strikes by workers has inflicted great losses on their companies. Secretary-general of the Indonesian Employers' Association (Apindo) Purbadi Hardjoprajitno said the workers' protests often disrupted production activities for days. "During this time of crisis, if strikes continue to happen, factories could not produce and companies could not earn profits.
Fri, 28 May 1999, 00:00 WIB
Delay in SSX-JSX merger hailed
Delay in SSX-JSX merger hailed JAKARTA (JP): Securities analysts hailed on Thursday the decision by the Surabaya Stock Exchange (SSX) to cancel its merger plan with the Jakarta Stock Exchange (JSX). The president of Arga Artha securities, Nurkhamid, said the Surabaya-based market should be directed to trade shares of small and weak companies while the Jakarta bourse would trade blue chip shares.
Fri, 28 May 1999, 00:00 WIB
PIB threatens to sue police
PIB threatens to sue police UJUNGPANDANG, South Sulawesi: The local chapter of the New Indonesia Party (PIB) threatened to sue the police on Wednesday for asking its campaigners to cancel its gathering only hours before it was about to begin. Party secretary Juliadi, however, claimed party officials notified the police of the gathering plan as required by law. "The police should have informed us long before the gathering if they wanted to cancel it ...
Fri, 28 May 1999, 00:00 WIB
Golkar office set on fire in troubled Aceh
Golkar office set on fire in troubled Aceh JAKARTA (JP): A Golkar Party office in the North Aceh capital of Lhokseumawe was set on fire early Thursday as reports came that the local elections committee requested a delay for the June 7 poll because of escalating tensions in the troubled province. A local journalist told The Jakarta Post by phone from Lhokseumawe that a group of six unidentified people riding motorcycles torched the two-story building in a predawn attack.
Fri, 28 May 1999, 00:00 WIB
S'pore tourism on the rise
S'pore tourism on the rise SINGAPORE (DPA): The number of tourists traveling to Singapore rose for the fourth straight month in April though the number of visitors from Europe and the United States was down, the Singapore Tourism Board (STB) reported Thursday. Figures showed a 6.6 percent increase in tourists year-on- year, following erratic but positive monthly growth since January. Hotel occupancy was flat at 70 percent, and room rates fell 15 percent during the month.
Fri, 28 May 1999, 00:00 WIB
City planning department launched
City planning department launched JAKARTA (JP): Private Tarumanagara University launched on Thursday a new city planning department in a bid to meet rising demands for professional experts in city design. Tono Setiadi, dean of the university's technique school, told a media conference at the Jl. S. Parman campus in West Jakarta that the opening of the new department was in line with a government ruling on the importance of city planning departments at universities.
Fri, 28 May 1999, 00:00 WIB
Stickers circulated to help voters
Stickers circulated to help voters PURWOKERTO, Central Java: The local chapter of the Indonesian Democratic Party of Struggle (PDI Perjuangan) has found a creative way to educate its supporters: distributing stickers bearing the party logo, which has been pierced. "We are worried that our supporters may pierce the wrong picture so we have given them copies they can bring along with them when they go to the polls," J. Winarjo, a local party executive, said on Thursday.
Fri, 28 May 1999, 00:00 WIB
S'pore hotels see no influx of guests
S'pore hotels see no influx of guests SINGAPORE (Reuters): Jittery Indonesians are once again taking refuge in Singapore ahead of a potentially violent election back home but local hoteliers said on Thursday they were not seeing a repeat of last year's riots-inspired windfall. Indonesians fled their country in droves in May of last year as racial riots, looting and arson rocked Jakarta and led to the resignation of long-ruling former President Soeharto.
Fri, 28 May 1999, 00:00 WIB
Street kids underfunded
Street kids underfunded SAMARINDA, East Kalimantan: The government could only provide help to 18,000 street children, or 45 percent of the country's reported 40,000 street urchins, due to a shortage of funds allocated for the scheme, an official said here on Thursday. The visiting secretary-general of the Ministry of Social Services, Moerwanto, said the limited funds available forced the government to carry out the nurturing program in stages.
Fri, 28 May 1999, 00:00 WIB
Medan students denounce military violence
Medan students denounce military violence MEDAN, North Sumatra (JP): Dozens of university students staged a noisy rally on Thursday in front of North Sumatra University to denounce the shooting of protesters outside the headquarters of state plantation company PTP Nusantara II in Tanjung Morawa on Tuesday.
Fri, 28 May 1999, 00:00 WIB
Many Jakartans net extra income from campaign
Many Jakartans net extra income from campaign By Ida Indawati Khouw and Ahmad Junaidi JAKARTA (JP): Campaigning activities have become an income source for some Jakartans, as scores of political parties provide payment for those willing to join rallies or party gatherings. Several campaign supporters told The Jakarta Post on Wednesday and Thursday they were willing to participate in campaigns in exchange for money.
Fri, 28 May 1999, 00:00 WIB
Students enjoy their own party
Students enjoy their own party BANJARMASIN, South Kalimantan: Dozens of high school students in shirts covered pen scribbles, roamed the streets on motorbikes yesterday -- not campaigning for any political party but celebrating their graduation. Upon hearing the noise, many townspeople ran out of their homes to have a look, thinking that a campaign motorcade was passing by, Antara reported. The students rally was just as alarming for some road users as a political party campaign.
Fri, 28 May 1999, 00:00 WIB
Conversion Rates
Conversion Rates Bank Bali's conversion rates on May 27, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Fri, 28 May 1999, 00:00 WIB
Parents told not to take children to campaign sites
Parents told not to take children to campaign sites JAKARTA (JP): Raising an alarm over campaign fatalities, General Elections Commission (KPU) chairman Rudini warned parents against taking children to campaign rallies. "Campaigning is not a recreation. It is inappropriate for political parties to take advantage of the situation and put children in danger," Rudini said in a media briefing on poll preparations Thursday, or eight days ahead of the June 7 poll.
Fri, 28 May 1999, 00:00 WIB
Ballot papers
Ballot papers Now, about two weeks before the general election, the people -- especially those in the provinces -- are not yet informed about the format of the ballot paper to be used on election day, June 7. I appeal to the media to immediately help socialize the format of the ballot paper. On the ballot paper, the 48 political parties are presented eight across and six down -- not six across and eight down.
Fri, 28 May 1999, 00:00 WIB
Govt should take over recapitalized banks
Govt should take over recapitalized banks JAKARTA (JP): The Center for Banking Crisis and the Indonesian Exporters Association urged the government on Thursday to take over all large recapitalized banks and revamp their management to minimize risks.
Fri, 28 May 1999, 00:00 WIB
Source says Lippo Life to sell majority stake
Source says Lippo Life to sell majority stake SINGAPORE (Reuters): A deal to sell a majority stake in Indonesian insurer PT Asuransi Lippo Life may be finalized in two weeks, a source familiar with the deal said on Thursday. Insurance sources said the price tag was between two and three trillion rupiah ($250-$370 million), based on the value of existing business and future income projections.
Fri, 28 May 1999, 00:00 WIB
National gallery draws mixed reactions
National gallery draws mixed reactions By Rita A. Widiadana JAKARTA (JP): It was a disenchanting visit to a national gallery, commented an art lover when he toured Galeri Nasional Indonesia on Jl. Merdeka Timur, Central Jakarta, which opened three weeks ago. "I thought I would visit a new and elegant Galeri Nasional, instead I only saw the old Wisma Seni Nasional with a fresh coat of paint," he said cynically. The gallery is located in the former Wisma Seni Nasional building.
Fri, 28 May 1999, 00:00 WIB
Officials misused funds at Bank DKI, source claims
Officials misused funds at Bank DKI, source claims JAKARTA (JP): City administration run Bank DKI has suffered losses of at least hundreds of million of rupiah allegedly through embezzlement by the bank's top executives, a source at the Jakarta Prosecutor's Office said on Thursday. The source, who asked not to be named, showed copies of what he claimed were internal payment notices (SPMUs) issued by the bank.
Fri, 28 May 1999, 00:00 WIB
Asian currencies end mixed as regional markets flounder
Asian currencies end mixed as regional markets flounder HONG KONG (Dow Jones): Asian currencies were mixed in local trading hours Thursday, as easing tension in Latin America and choppy trading in the U.S. dollar against the yen left dealers unsure which direction regional markets are set to take. While the Singapore dollar and the Philippine peso closed a little lower against the U.S. currency, the Thai baht edged higher, and the Indonesian rupiah ended the day flat.
Fri, 28 May 1999, 00:00 WIB
Polls in remote islands in doubt
Polls in remote islands in doubt KENDARI, Southeast Sulawesi: The participation of thousands of people in isolated islands is in doubt because of an absence of transportation to carry vital ballot materials, Antara reported on Thursday. As of Thursday, ballot sheets, ballot boxes, ink and ballot counting forms were yet to be sent to Asera, Waworete and Laonti subdistrict islands.
Fri, 28 May 1999, 00:00 WIB
Senior citizens seek welfare provisions
Senior citizens seek welfare provisions JAKARTA (JP): Senior citizens appealed to the government on Thursday to provide them with social insurance because of the lack of an institutional welfare guarantee for the over-65s. They made the appeal during a discussion on senior citizens sponsored by the Ministry of Social Services in cooperation with Antara news agency and Republika daily.
Fri, 28 May 1999, 00:00 WIB
Breaches of campaign rules becoming order of the day
Breaches of campaign rules becoming order of the day JAKARTA (JP): Reports of violations of electoral campaigning rules are on the rise as political parties entered the second of three rounds of campaigning on Thursday. Most cases reported from across the country entailed the removal of party flags, unruly campaigning in the streets and use of money incentives to draw supporters.
Fri, 28 May 1999, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Drawing Exhibition: Tumbal by Hendro Suseno, at Galeri Milenium, Blok B-23, Jl. R.S. Fatmawati No. 15, South Jakarta (Phone: 7507828), until Jun. 7. * Drawing Exhibition: Film Dalam Gambar, by Fritz Lang, at Galeri Lontar, Jl. Utan Kayu 68 H, East Jakarta (Phone: 8569281), 9 a.m. to 5 p.m., until May 31. * Painting Exhibition: by Yarri Yaryatno, at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (Phone: 7194270), Sunday, at 10:30 a.m.
Fri, 28 May 1999, 00:00 WIB
Muslim-based parties set to make deal on extra votes
Muslim-based parties set to make deal on extra votes JAKARTA (JP): Eight Muslim-oriented parties are set to strike a deal on allocating extra votes, a move they say conforms to the Islamic principle of charity. Justice Party (PK) chairman Nur Mahmudi Ismail said on the sidelines of the party's electoral campaign here on Thursday that the accord was not a concerted maneuver targeting rival parties. "The plan is merely an effort to realize our intention to unite our vision.
Fri, 28 May 1999, 00:00 WIB
Character building
Character building A captivating feature article appearing in two parts in Kompas, May 21 and May 22, came from the hand of Dr. Mochtar Pabottingi of the Indonesian Institute of Sciences under the eye- catching title State with no nation, nation with no character.
Fri, 28 May 1999, 00:00 WIB
PKB guards to be 'invincible'
PKB guards to be 'invincible' PURWOKERTO, Central Java: Senior Moslem clerics of the National Awakening Party (PKB) are busy training 300,000 activists to safeguard the party's campaigns. Associated in Laskar Balaba (defense paramilitary troops), members do not only undergo physical training, but are also being trained to use inner powers, believed to be able to protect them from any physical harm.
Fri, 28 May 1999, 00:00 WIB
Elections hold hope and reform
Elections hold hope and reform JAKARTA (JP): With the many encouraging changes that have occurred since the demise of the New Order regime, one foreign observer expects this year's general election to generate reform in Indonesian politics.
Fri, 28 May 1999, 00:00 WIB
No change in East Timor ballot date: UN
No change in East Timor ballot date: UN DILI, East Timor (JP): A United Nations advance team in East Timor confirmed on Thursday that the New York-based world organization had no intention of changing the date for the vote scheduled for Aug. 8 in the troubled territory. "We have come to East Timor to assist the implementation of the balloting on Aug. 8 -- the date which was set by the UN and agreed by Indonesia and Portugal.
Fri, 28 May 1999, 00:00 WIB
IMA pledges to be more active in helping members
IMA pledges to be more active in helping members JAKARTA (JP): The Indonesian Mining Association (IMA) pledged on Thursday it would work to repair the bad image of the country's mining companies. Association chairman BN Wahyu said in the past the organization had been accused by various international mining companies of not defending them against criticism from the public and environmentalists. The organization was also criticized for keeping too low a profile in dealing with the government.
Fri, 28 May 1999, 00:00 WIB
Watie: The woman behind Galeri Nasional Indonesia
Watie: The woman behind Galeri Nasional Indonesia JAKARTA (JP): Operating a national-scale gallery is a mammoth task for Watie Moerany, a modest mother of two, who is now head of the newly opened Galeri Nasional Indonesia, the Indonesian National Gallery. Although she has spent most of her working years in various art institutions here and abroad, Watie admitted she was quite anxious when she was assigned to manage Galeri Nasional.
Fri, 28 May 1999, 00:00 WIB
Govt expects lower interest rates
Govt expects lower interest rates JAKARTA (JP): The interest rate for three-month Bank Indonesia promissory notes (SBI) should drop to below 23 percent in two weeks' time from the current 29.82 percent, according to Bank Indonesia deputy governor Miranda S. Goeltom. "The interest rate on the 3-month SBI will soon decline," she said on Thursday on the sidelines of a seminar on banking.
Fri, 28 May 1999, 00:00 WIB
ELECTION '99
ELECTION '99 Photo A/B: Snake JP/bay, JP/bay SNAKE LADY: Sitting on top of a car, a supporter of the Indonesian Democratic Party of Struggle (PDI Perjuangan) holds a snake to draw people's attention (left). Two supporters of the National Mandate Party (PAN) show off their blue-and-white painted faces during the party's campaign in Kemayoran, Central Jakarta (above). Raising a thumb of one hand and the five fingers of the other, fans represent the party's number 15.
Fri, 28 May 1999, 00:00 WIB
Asia may leave Vietnam behind
Asia may leave Vietnam behind By Dean Yates HANOI (Reuters): Most Asian countries are upbeat about their economies as signs of recovery emerge after two years of crisis. In Vietnam the outlook is likely to get grimmer. Economic growth may be positive but a host of problems make the communist-ruled country a risky investment prospect, analysts say. The key risk is government inaction on economic reform.
Fri, 28 May 1999, 00:00 WIB
Unknown cleric for president
Unknown cleric for president MEDAN, North Sumatra: The Moslem-based Justice Party (PK) is standing by its policy to nominate a little-known Muslim cleric for the next president of the republic. A party executive, Daud Rasyid, said in a campaign here on Wednesday that the party is fielding Kyai Haji Didin Hafiduddin, a cleric who runs an Islamic boarding school in Bogor, West Java. Didin is not a member of the party's board of executives.
Fri, 28 May 1999, 00:00 WIB
Golkar appropriates headache commercial
Golkar appropriates headache commercial PALU, Central Sulawesi: Political parties still have eight more days of campaigning, but the Golkar Party already seems to be running out of steam to create new slogans. In its Wednesday's campaign in Palu, it appropriated the slogan of a headache drug commercial aired on RCTI TV station, in which comedian Doyok grins, lifts his eyebrows, gives the thumbs- up and utters the English words, "Good, good, good." On some city corners, such as Jl.
Fri, 28 May 1999, 00:00 WIB
Business as usual despite campaign
Business as usual despite campaign JAKARTA (JP): Business activities at Mangga Dua shopping center in West Jakarta continue as usual, undisturbed by the campaign rallies. Most shops, selling products ranging from shoes, bags, clothes, electronic goods, watches and food, in the business center were open on Thursday. Cigarette and drink vendors were seen on the street in front of the market offering their merchandise to passing motorists and passengers on public transportation vehicles.
Fri, 28 May 1999, 00:00 WIB
Safety net money abused
Safety net money abused Once again this newspaper is devoting a column to the issue of the misappropriation of social safety net money. Once again, because the problem is being allowed to be forgotten, or to evaporate, with no legal action ever being taken. Case upon case has surfaced, only to be forgotten or left to mere gossip. We know that there are many kinds of thieves. Some are big fish, others are small, and there are also other species of thieves.
Fri, 28 May 1999, 00:00 WIB
Aceh problem will drag on
Aceh problem will drag on Due to a worsening security problem, Aceh, which once again is restless, looks like it'll cause more and more headaches for the central government. Reports coming from the country's northernmost province show that the security situation there is deteriorating. Since many reports and ensuing official statements are confusing, however, the province itself is also shrouded in mystery. Even worse will be the coming days which do not promise any hope either.
Fri, 28 May 1999, 00:00 WIB
Hunt goes on for Soeharto's 'riches'
Hunt goes on for Soeharto's 'riches' JAKARTA (JP): Two senior Cabinet members will travel to Switzerland and Austria this weekend to trace a reported US$9 billion fortune allegedly belonging to former president Soeharto, despite prevailing concerns their investigation will hit a dead end. Minister of Justice Muladi said on Thursday he and Attorney General Lt. Gen. Andi M.
Fri, 28 May 1999, 00:00 WIB
Ramos-Horta speaks on East Timor independence ballot
Ramos-Horta speaks on East Timor independence ballot By Aboeprijadi Santoso In an exclusive interview with The Jakarta Post, the co-winner of the 1996 Noble Peace Prize,Jose Ramos-Horta, reiterates his support for the New York agreement on a United-Nations-supervised ballot. However, he reserves strong criticism for the planned security arrangements, which will be the responsibility of Indonesia.
Fri, 28 May 1999, 00:00 WIB
Dozens of kiosks gutted by fire
Dozens of kiosks gutted by fire JAKARTA (JP): Some 50 cigarette kiosks at Sumber Artha market in Bekasi were gutted by a fire on Thursday morning. No fatalities were reported. The head of the Bekasi fire department, Yusuf, said the 50 destroyed kiosks were part of 130 kiosks at the market. The cause of the fire is still unclear, but two of the market's security officers were questioned by police, Yusuf said, adding that losses from the fire were estimated at about Rp 2 billion.
Fri, 28 May 1999, 00:00 WIB
New BPKP chief installed
New BPKP chief installed JAKARTA (JP): Minister/State Secretary Muladi installed Arie Soelendro on Thursday as the new chief of the Development Finance Comptroller (BPKP), replacing Soedarjono. Muladi told Arie during the installation ceremony to improve BPKP's performance, particularly in preventing corruption, collusion and nepotism in government projects.
Fri, 28 May 1999, 00:00 WIB
N. Maluku polls in jeopardy
N. Maluku polls in jeopardy TERNATE, North Maluku: Elections in the regency are in jeopardy because not all ballot materials from Jakarta have reached here, an official warned on Thursday. Chairman of the North Maluku elections committee, Abdurahim Fabanyo, said the materials included ballot sheets, ballot counting forms and ink. The regency needs 408,000 ballot sheets and only 400,400 have arrived. Ballot counting forms are yet to arrive in the province.
Fri, 28 May 1999, 00:00 WIB
Golkar cadre refuses candidacy
Golkar cadre refuses candidacy JAYAPURA, Irian Jaya: A Golkar cadre has withdrawn from the race for a provincial legislative seat, citing the party's failure to put forward women candidates. Ola Dwaramuri of Jayawijaya regency told Antara on Thursday she opted out of the race to give younger people, particularly women a chance. She also said her involvement in the political organization interfered with her job as a civil servant at the education and culture office in her home town.
Fri, 28 May 1999, 00:00 WIB
Intimidation reported in East Timor poll registration
Intimidation reported in East Timor poll registration By Lourenco Vicente Martins DILI, East Timor (JP): The campaign here has remained relatively safe and although flags and banners may be less plentiful than in other cities across the country, none of the 15 parties here has complained of discrimination. Particularly lively campaigning has been held by the Golkar Party and the Indonesian Democratic Party of Struggle (PDI Perjuangan).
Fri, 28 May 1999, 00:00 WIB
Ritonga bullish about income tax revenues
Ritonga bullish about income tax revenues JAKARTA (JP): Tax Director General A. Anshari Ritonga is optimistic about achieving the Rp 40.6 trillion (US$5.07 billion) target of income tax receipts set for the 1999/2000 fiscal year ending next March, despite a steady fall in time deposit rates.
Fri, 28 May 1999, 00:00 WIB
Proud Malaysia edges towards mainstream
Proud Malaysia edges towards mainstream By Nelson Graves KUALA LUMPUR (Reuters): Defiant Malaysia has taken a major step towards rejoining the global financial mainstream with a US$1 billion bond but some investors remain wary towards a country that burned them last year with capital controls. Malaysia sold $1 billion in 10-year global bonds on Wednesday, its first sovereign issue in nine years. Demand for the issue was about $3 billion.
Fri, 28 May 1999, 00:00 WIB
Govt sets up new bank to back exports
Govt sets up new bank to back exports JAKARTA (JP): Minister of Industry and Trade Rahardi Ramelan said on Thursday the government would open a bank next month to finance exports. Rahardi said the legal basis for the establishment of the special financing agency was signed by President B.J. Habibie on Tuesday. Under the regulation, the agency, to be named Bank Ekspor Indonesia, will begin operations with an initial paid-up capital of Rp 3 trillion (about US$375 million).
Fri, 28 May 1999, 00:00 WIB
What NU means for Indonesia's future
What NU means for Indonesia's future By Jusuf Wanandi JAKARTA (JP): Established in 1926 as an effort to reconcile Islam and Indonesian tradition and culture, Nahdlatul Ulama (NU) has come full circle in 1999. On the one hand, it has remained a socioreligious organization with the aim to enhance Islamic principles and values in Indonesian society, as well as creating a civil society in the real sense of being democratic and pluralistic.
Fri, 28 May 1999, 00:00 WIB
New directors take the helm of 'RCTI'
New directors take the helm of 'RCTI' JAKARTA (JP): RCTI, the country's first private television station, introduced two members on the board of directors -- Harry Kuntoro and Nenny Soemawinata -- to the press on Thursday.
Fri, 28 May 1999, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 27, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 450 50 3,208,000 AHAP Insurance 425 0 0 Alakasa Industrindo 275 0 70,500 Alter Abadi 325 25 107,500 Alumindo Light Metal 1,050 125 325,500 Aneka Kimia Raya 350 -25 45,000 Aneka Tambang (Persero) 1,625 -75 4,582,500 Anwar Sierad 325 0 1,443,000 APAC Centertex Corp.
Fri, 28 May 1999, 00:00 WIB
SEA Games medal target in the pipes: KONI
SEA Games medal target in the pipes: KONI JAKARTA (JP): With only 10 weeks to go, Indonesia is still waiting to set its medal target for the 20th Southeast Asian (SEA) Games in Brunei Darussalam. The National Sports Council (KONI) official in charge of the SEA Games training, Imron Z.S., said the individual sport bodies with athletes competing in the biennial event in August must submit their projected medal tally by mid-June at the latest.