Indonesian Political, Business & Finance News

Archive: 6 May 1999

51 articles found

Diarrhea epidemic in Wolomesa

Diarrhea epidemic in Wolomesa MAUMERE, East Nusa Tenggara: Two people have died and a further 105 have been treated for diarrhea at local health clinics here, the head of Ende health agency said on Tuesday. The outbreak is centered on the village of Wolomesa, 75 kilometers north of Ende town, the official, Johanes Don Bosco, said.

Mar'ie sides with the federalist camp

Mar'ie sides with the federalist camp JAKARTA (JP): Former finance minister Mar'ie Muhammad has called for the establishment of a federal state, saying that a political compromise is urgently needed to dissolve the growing tension and upheavals in the regions. In a letter to President B.J. Habibie on Wednesday, Mar'ie said federalism should be founded on the concepts of power and revenue sharing between Jakarta and the regions.

Regional autonomy

Regional autonomy From Republika With reference to a report in Republika daily of April 24, 1999, titled Fifteen percent of oil output and 30 percent of natural gas for the regions and another one on April 26 titled Riau people coldly respond to law on balance in financial matters, I wish to express the following opinions.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 5, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 450 0 183,000 AHAP Insurance 425 0 0 Alakasa Industrindo 275 0 17,000 Alter Abadi 275 -25 910,500 Alumindo Light Metal 775 100 926,500 Aneka Kimia Raya 225 25 115,000 Aneka Tambang (Persero) 1,800 175 41,732,000 Anwar Sierad 125 25 780,000 APAC Centertex Corp.

Where to go in Surabaya

Where to go in Surabaya Exhibition * Product Design Exhibition by Jennyfer Lacroix (French) and students of ITS, at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., until May 16. Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Streamline Band, Monday to Friday, 9 p.m. to 1 a.m., Saturday, 9 p.m. to 2 a.m. - Lobby: Gamelan (Traditional Music), Monday to Thursday, 7 p.m.

Bappenas admits political abuse

Bappenas admits political abuse JAKARTA (JP): Chairman of the National Development Planning Board (Bappenas) Boediono admitted on Wednesday the country's multibillion dollar social safety net fund was abused by certain political parties seeking to gain popularity. Boediono declined to name the political parties, but said the government would not halt the social safety net program despite the abuse. "We will continue with the safety net program.

Protesting water firm workers break into Palyja office

Protesting water firm workers break into Palyja office JAKARTA (JP): About 30 members of city-owned water management company PDAM Jaya's labor union broke into a PT Palyja office in Bendungan Hilir, Central Jakarta, on Tuesday morning and forced their colleagues to join their protest.

Bimbo sue recording firm

Bimbo sue recording firm JAKARTA (JP): The South Jakarta District Court heard on Tuesday a lawsuit filed by members of the Indonesian pop music band Bimbo, who are demanding a recording company pay Rp 42 billion (US$5.18 million) for illegally recording and selling their songs. Lawyer Mohamad Assegaf said his clients, Syamsudin D.H., Darmawan H., Djaka H. and Iin Parlina, the members of one of Indonesia's most popular veteran bands, wanted compensation from PT Remaco Ltd.

RI, Portugal to sign historic E. Timor pact

RI, Portugal to sign historic E. Timor pact UNITED NATIONS (Agencies): Indonesia and Portugal were set to sign a historic agreement on Wednesday that could lead to independence for the territory of East Timor, the climax to 15 years of sporadic negotiations at the United Nations. "I am ready to sign," Indonesia's Foreign Minister Ali Alatas told UN Secretary-General Kofi Annan before his final talks with Portugal's Foreign Minister Jaime Gama.

Five suspects detained over Jepara violence

Five suspects detained over Jepara violence SEMARANG (JP): Five people have been detained for alleged involvement in the deadly clashes that broke out last Friday in Jepara regency between supporters of two rival Muslim-based political parties, Central Java Police said on Wednesday. Four people were killed in the incident involving supporters of the United Development Party (PPP) and the National Awakening Party (PKB) in Dongos village, Kedung district. Central Java Police chief Maj. Gen.

Asian stocks end mixed as foreign buying continues

Asian stocks end mixed as foreign buying continues SINGAPORE (AFP): Asian stock markets ended mixed Wednesday with some extending their gains on steady inflows of foreign funds and others pulling back after an overnight fall on Wall Street. The Dow Jones Industrial Average, the barometer of US blue- chip stocks, fell 128.58 points (1.2 percent) to 10.886,11 points Tuesday, slipping from its record close above 11,000 points Monday.

Four officials named as graft suspects

Four officials named as graft suspects JAKARTA (JP): Four high-ranking officials in the city administration were named suspects in corruption cases which cost the city some Rp 23.46 billion. Deputy governor for administrative affairs Abdul Kahfi said on Tuesday that dossiers of the cases had been forwarded to the Jakarta Prosecutor's Office. "The cases are being studied by the office," Kahfi, the head of the city reform team, said, refusing to give the names or positions of the officials.

IMF presses for more monetary freedoms

IMF presses for more monetary freedoms JAKARTA (JP): Indonesia should further relax its monetary policy to allow economic recovery to proceed with more speed, International Monetary Fund Asia Pacific director Hubert Neiss said here on Wednesday. Speaking to journalists after a luncheon with President B.J. Habibie, Neiss said relaxing the monetary policy would not affect the rupiah because it was supported by low inflation.

Fake prescription medicines seized in raid

Fake prescription medicines seized in raid JAKARTA (JP): Police seized thousands of fake prescription pills and tablets worth an estimated Rp 100 million (US$12,500) during raids on a warehouse and two kiosks in East Jakarta on Tuesday afternoon. Jakarta Police Detective chief Col. Alex Bambang Riatmodjo said on Wednesday that the medicines had been packaged in exactly the same way as the authentic drugs, which are only available on prescription.

Surabaya 'most vulnerable to unrest'

Surabaya 'most vulnerable to unrest' JAKARTA (JP): The East Java capital of Surabaya is the most likely area to explode into unrest, a study reveals. The study, jointly conducted by Trisakti University, Suara 234 and Research Institute for Democracy and Peace researchers, put Surabaya ahead of South Jakarta, Medan in North Sumatra, East Jakarta and North Jakarta. The areas were listed in numerical order, based on socioeconomic disparity and the degree of public distrust in the government.

Govt plans to create 15 holding companies

Govt plans to create 15 holding companies JAKARTA (JP): President B.J. Habibie announced on Wednesday eight new basic plans for the country's state enterprises which will lead to a consolidation of 155 state enterprises into some 15 world-class holding companies and the elimination of "old bad habits". State Minister of the Empowerment of State Enterprises Tanri Abeng said the final framework for establishing between 12 and 15 holding companies was expected to be completed in three months time.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on May 5, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,000.00 8,070.00 - - Australian dollar 1 5,257.60 5,345.70 5,232.00 5,395.00 Austrian schilling 1 614.28 624.68 - - Belgian franc 1 209.54 213.09 - - Brunei dollar 1 - - 4,638.00 4,772.00 Canadian dollar 1 5,489.15 5,571.60 - - Swiss franc 1 5,268.40 5,349.50 5,218.00 5,399.00 Deutschemark 1 4,321.77 4,394.99 4,271.00 4,444.00 Danish krone 1 1,126.05 1.

East Timor's independence

East Timor's independence I refer to the article by Soegio Sosrosoemarto To be free, E. Timor needs Indonesia published in The Jakarta Post on April 30, 1999. However learned you obviously are, you seem to have forgotten that a free and independent Indonesia was born out of the colonial womb.

An independent Aceh?

An independent Aceh? The conduct of our military during the time that Aceh was a Military Operations Territory inflicted on the people of the province wounds so deep they are difficult to heal. For that reason, any friction with the military, however small, is enough to make the people's aggressive emotions flare. In any case, we cannot allow Aceh to remain an inferno.

Ericsson to sell new handsets

Ericsson to sell new handsets JAKARTA (JP): Ericsson Indonesia will this year launch more than six new handsets of its three newly established A, R and T series. The company's director of mobile phone and terminals division, Susanto Sosilo, said on Wednesday the new series were created to serve users' needs.

School children to get free milk

School children to get free milk JAKARTA (JP): The non-profit Bina Putra Sejahtera Foundation launched on Wednesday a program with the aim of providing free milk to 500,000 elementary school children in Java starting in June. The US$6.5 million program, assisted by the U.S. Department of Agriculture, was launched in a modest ceremony at the Tugu Utara elementary school in North Jakarta.

Student arrested for bomb threats

Student arrested for bomb threats UJUNGPANDANG, South Sulawesi: A student has been arrested in connection with a number of bomb threats received in prominent public buildings here in recent weeks, police said on Wednesday. The student, 24-year-old Zulhamdi alias Dedi, is a student at a private Jakarta-based college and a former member of City Forum (Forum Kota) student activists' group, police said. Police chief Brig. Gen.

Aceh death toll hits 38

Aceh death toll hits 38 JAKARTA (JP): The number of confirmed deaths from Monday's shooting of protesters by the military in North Aceh rose to 38 on Wednesday, while medical supplies destined for local hospitals overwhelmed by victims were not expected to arrive until early on Thursday. "Nineteen people died in hospital or were dead when they arrived here, while 19 bodies were taken straight home from the scene by relatives," T.S.

Court punishes Niaga, Credit Lyonnais

Court punishes Niaga, Credit Lyonnais JAKARTA (JP): Bank Niaga lost another battle with PT Suryamas Dutamakmur after the Jakarta High Court ordered the bank pay compensation of Rp 290.08 billion (US$36 million) to the property developer. Suryamas' attorney Hotman Paris Hutapea from Makarim & Tiara S., said the high court verdict, dated April 12, also ordered the bank to pay a 6 percent interest rate per annum on the total amount.

Where to go in Bali:

Where to go in Bali: Exhibition * Arts Exhibition: by Gde Sudarma, at The Chedi Gallery, Desa Melinggih Kelod, Payangan Gianyar, Ubud (Phone: 0361 975963), until May 17. Music and entertainment * The Oberoi, Legian Beach, Jl. Laksamana, Denpasar (Phone: 0361 730361): - Kura-Kura Restaurant, 7 p.m. to 10:30 p.m.: Balinese Rindik music, Tuesday, Thursday, Friday, Saturday, Sunday. Angklung, Monday. Batak Duo, Wednesday. - Amphitheatre Restaurant: Balinese dances performance, daily, 9 a.m.

Local striker offered contract in Germany

Local striker offered contract in Germany JAKARTA (JP): German first division soccer club Borussia Munchengladbach is seeking to sign young Indonesian striker Bambang Pamungkas to its squad. All-Indonesian Soccer Federation (PSSI) chairman Agum Gumelar said on Wednesday he would allow 18-year-old Bambang to play in German's professional league. "We warmly welcome the offer. We'll allow our players to join European leagues as long as the correct procedures are followed," he said.

Late parties receive kind treatment from KPU

Late parties receive kind treatment from KPU JAKARTA (JP): The General Election Commission (KPU) on Wednesday relaxed its own rules and allowed two parties to run for House of Representatives (DPR) seats despite missing Tuesday's midnight deadline for submitting lists of legislative candidates. Commission chairman Rudini said: "The Indonesian Christian Nationalist Party (Krisna) and the Indonesian Muslim Awakening Party (Kami) have been included despite the fact that they were a few hours late..

More banks will be sold to foreign investors

More banks will be sold to foreign investors SINGAPORE (Dow Jones): The Indonesia Bank Restructuring Agency expects several domestic banks to be sold to foreign investors before the upcoming parliamentary elections in June, said Farid Harianto, IBRA deputy chairman and head of asset management. "We believe that foreign banks provide the best practices in which to break from past bad habits," he said, before IBRA's country roadshow kicked off in Singapore Wednesday.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 TV Series 8:00 Children's Song 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 TV Series: Drew Carey Show 3:00 Music 4:00 News 4:30 Religious Teachings 5:00 Koran Recital 5:30 TV Drama 6:00 Sports 6:00 News 6:30 News (in English) 7:00 Evening News 7:30 TV Drama 8:25 Talk Show 9:00 World News 9:35 Talk Show 10:30 Music 11:35 Late News Program 2 4:30 p.m.

RI needs $17b for recovery

RI needs $17b for recovery MELBOURNE (AP): Indonesia needs another US$17 billion to get its economy back on its feet, a special adviser to Indonesian President B.J. Habibie said Wednesday. "The total need of the country is about $60 billion to bail out all the bad debts of the banks, to finance the social safety net programs and the budget deficit," economist Frans Seda told the Australia Unlimited conference in Melbourne.

13 provinces suffer from food shortages: Report

13 provinces suffer from food shortages: Report JAKARTA (JP): A government study has revealed 13 out of Indonesia's 27 provinces were facing food shortages. Five of these provinces were categorized as having "very poor food security" and in need of immediate assistance.

Indonesia slaps antidumping duty between 4% and 68% in tin plates

Indonesia slaps antidumping duty between 4% and 68% in tin plates JAKARTA (JP): The government has decided to impose anti- dumping duties ranging between four to 68 percent on tin plates imported from Australia, Japan, South Korea and Taiwan. The Ministry of Finance set the import surcharge on the imports of tin plates from BHP Steel and other Australian companies at 16.7 percent.

Shuttlers told to show their best in Sudirman Cup

Shuttlers told to show their best in Sudirman Cup JAKARTA (JP): Badminton Association of Indonesia (PBSI) chairman Subagyo Hadisiswoyo, urged national shuttlers to perform to the best of their abilities in the Sudirman Cup and World Championships in Copenhagen next week. Speaking before the national team members at the Indonesian Badminton Center in Cipayung, East Jakarta, Subagyo said although Indonesia was not the strongest candidate, an all-out performance was still needed.

Civilian militia members go on strike over payment

Civilian militia members go on strike over payment JAKARTA (JP): At least 150 members of the People's Security (Kamra) civilian force deployed in North Jakarta went on strike on Wednesday over unpaid wages and other allowances. The Kamra personnel, who were trained by the military and temporarily deployed to assist traffic police, said they have not yet received their Rp 200,000 (US$24) April salary, meal allowance of Rp 8,000 a day and free medical treatment.

'Singapore not yet a nation,' says PM

'Singapore not yet a nation,' says PM SINGAPORE (AP): Singapore Prime Minister Goh Chok Tong said on Wednesday that Singapore is "not yet a nation", and must strive to overcome the pitfalls of a multi-ethnic society that can lead to bloodshed. "Singapore is too small to break up into two or three separate countries. But racial riots can tear the country apart," Goh told Parliament in an usually candid speech focusing on Singapore's weaknesses.

Oscar combines technology and culture for designers award

Oscar combines technology and culture for designers award By Agni Amorita JAKARTA (JP): In mid-April, fashion designer Oscar Lawalata flew to Singapore, carrying a dozen black-and-white suits bearing bodo motifs to represent Indonesia in the ASEAN Young Fashion Designers Contest 1999. His two months of toil preparing for the contest proved worthwhile: He won the second prize of 4,000 Singapore dollars in the prestigious annual event. Born on Sept.

Voters still waiting for registration forms

Voters still waiting for registration forms JAKARTA (JP): Slow delivery of voter registration forms continue to set back the registration process, reported Director General of Public Administration and Regional Autonomy Ryass Rasyid at a meeting of provincial elections committees on Wednesday. "Some packages, when opened, only contain a few dozen forms when they should contain hundreds," Syahrir, the chairman of the West Java committee, said. Areas in Sulawesi also reported similar slowness.

PLN ordered to pay U.S company $572.3m in damages

PLN ordered to pay U.S company $572.3m in damages JAKARTA (JP): Independent power producer MidAmerican Energy Holdings Co. of the United States said on Wednesday it had won US$572.3 million in damages in its breach of contract arbitration hearing against state electricity company PT Perusahaan Listrik Negara (PLN).

Forex losses, high rates burden Astra

Forex losses, high rates burden Astra JAKARTA (JP): Publicly-listed automotive giant Astra International has reported a consolidated net loss of Rp 2.4 trillion (about US$303 million) in 1998, a sharp increase from Rp 278.7 billion losses in the previous year. The massive deficit resulted mainly from sharp increases in the company's foreign exchange loss, interest expense and other financing charges which together totaled (net) Rp 3.49 trillion, up from Rp 1.66 trillion in 1997.

Garment workers strike in Medan

Garment workers strike in Medan MEDAN, North Sumatra: Around 3,000 employees of the garment manufacturer PT RM went on strike on Wednesday and staged a demonstration outside the Governor's office to draw attention to their struggle. The workers, many of whom were women, notified police of their plans early in the morning and gained permission to enter the grounds of the governor's office at noon.

Political instability keeps security companies busy

Political instability keeps security companies busy JAKARTA (JP): Security companies have mushroomed in the capital amid the economic instability and political tension weighing heavily on the minds of most city residents. The companies, which mostly charge their clients in U.S. dollars, provide a range of services, from e-mail security bulletins warning clients to avoid certain areas of the city because of the possibility of violence to designing contingency plans ahead of the elections.

Robbers wound security guard

Robbers wound security guard TANGERANG (JP): Three robbers broke into a shop in Tangerang on Monday and made away with two computers and Rp 150,000 in cash after wounding one of the shop's security guards. The robbery occurred as Tohari, the wounded security guard, was about to enter the shop owned by PT Trikarya Pamulindo Lestari and located in the Duta Garden Business Complex in the Benda district. Armed with machetes, the three suspects surrounded Tohari and forced their way into the shop.

The world needs new consensus

The world needs new consensus By Christopher Lingle UBUD, Denpasar, Bali (JP): Forget the talk about the "new economy". That will take care of itself. A more important change is the "new consensus", which did not come about until the so- called Washington consensus expressed a dominant view that countries would prosper through open trade with fewer government interference in their economies, competitive financial markets and fiscally prudent macroeconomic policies.

Military under fire for power abuses, unchecked violence

Military under fire for power abuses, unchecked violence JAKARTA (JP): Lt. Gen. Agum Gumelar, under fire over the military's perceived inability to halt recent outbreaks violence, or remain out of the fray, admitted on Wednesday that the country's myriad social problems were growing harder to handle. "Even the most sophisticated military in the world would find it difficult to address the unrest in our country," Agum said.

Parties agree to suspend campaigning on Fridays

Parties agree to suspend campaigning on Fridays BOGOR (JP): All political parties and city authorities agreed here on Wednesday to suspend all campaign activities on Fridays during the May 19 to June 4 election campaign period.

Malaysia in hot seat again over CLOB

Malaysia in hot seat again over CLOB By Nelson Graves KUALA LUMPUR (Reuters): Malaysia has stirred new doubts about its commitment to market transparency with its handling of a plan to buy up billions of dollars worth of shares formerly traded in Singapore.

Indosat reports Rp 374b 1st quarter earnings

Indosat reports Rp 374b 1st quarter earnings JAKARTA (JP): Publicly listed telecommunications company PT Indonesian Satellite Corporation (Indosat) has reported a consolidated net income of Rp 374.1 billion (US$44 million) for the first quarter of this year. The company said on Wednesday that the figure represented a 112.6 percent increase on the corresponding period in 1998.

Fishery catch still low

Fishery catch still low JAKARTA (JP): Only 50 percent of marine resources are being tapped, due to a lack of modern fishing equipment, Minister of Agriculture Soleh Solahuddin said on Wednesday. At the opening of a national meeting of fishermen, Soleh said there was a potential fishery catch of 6.36 million tons a year.

School receives award for innovative project

School receives award for innovative project By Dewi Anggraeni MELBOURNE (JP): Western culture has been present in the Indonesian curriculum for a long time. Western countries, however, seldom felt the need to incorporate Asian cultures into their curricula. When Asialink along with its partner Asia Education Foundation began their initiatives to push Australian schools to incorporate Asian culture into their curriculum, it seemed at first a gigantic task.

A fatal misunderstanding

A fatal misunderstanding The Indonesian Military (TNI) has too easily, if not conveniently, dismissed the latest bloody clashes in the troubled northern province of Aceh as a "misunderstanding" on the part of villagers regarding the military's intentions. That must go down as a very costly, if not ridiculous, misunderstanding.

RI forex reserves rise to $16 billion

RI forex reserves rise to $16 billion JAKARTA (JP): The country's net foreign exchange reserves rose by US$202.1 million to $16 billion in the week ending April 30, Bank Indonesia announced in its weekly report. The central bank said on Tuesday that the increase resulted from the government proceeds from the privatization of several state companies and revenues from oil and gas sales. BI said the level was above the IMF adjusted net international reserve of $14.3 billion.