Indonesian Political, Business & Finance News

Archive: 24 June 1999

51 articles found

Duta Pertiwi pays dividend

Duta Pertiwi pays dividend JAKARTA (JP): Publicly listed wood glue manufacturer PT Duta Pertiwi Nusantara announced on Wednesday it would pay a dividend of Rp 100 (1.4 cents) per share for the 1998 financial year.The company president, Siang Hadi Widjaya, said sales rose to Rp 97.

PT Tambang Timah stresses its interest in KPC shares

PT Tambang Timah stresses its interest in KPC shares JAKARTA (JP): PT Tambang Timah is still interested in buying a 30 percent stake in the country's largest coal mining company, PT Kaltim Prima Coal (KPC), the tin mining company's top executive has said.

Rights body spurns human rights bill

Rights body spurns human rights bill JAKARTA (JP): A rights group rejected on Wednesday a government-sponsored bill on human rights, saying that it should be included in the 1945 Constitution.The Indonesian Legal Aid and Human Rights Association (PBHI) said human rights was a "basic norm" which...

Rupiah could strengthen further: BI

Rupiah could strengthen further: BI JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Wednesday it was possible for the rupiah to further appreciate to around Rp 6,000 to the U.S. dollar without threatening the country's export competitiveness.

City powerless to stop gambling: Sutiyoso

City powerless to stop gambling: Sutiyoso JAKARTA (JP): Governor Sutiyoso said on Wednesday the city administration could not rid the capital of gambling, which has mushroomed recently, because gambling operators were backed by "certain people".

Suwandi, Febi clear first selection hurdle

Suwandi, Febi clear first selection hurdle JAKARTA (JP): Men's singles Suwandi and Febi Widhiyanto posted two victories each in the first day of the national tennis selection for the 20th Southeast Asian (SEA) Games in Brunei in August.

YLKI warns about school fees

YLKI warns about school fees JAKARTA: The Indonesian Consumer Foundation (YLKI) is urging the public to report irregular fees and practices during the school registration period.No fees should be exacted for membership in the intra-school organization OSIS, computer classes and compulsory savings.

The value of the rupiah

The value of the rupiah As Indonesia continues to adopt a free foreign exchange system in which the rupiah is traded abroad, the inescapable consequence is that the value of our national currency will always be influenced by prevailing market sentiment.

Investors hail First Pacific plan to buy Indofood stake

Investors hail First Pacific plan to buy Indofood stake HONG KONG (Dow Jones): Investors reacted positively on Wednesday to First Pacific Ltd.'s plan to buy a 40 percent stake in PT Indofood Sukses Makmur of Indonesia for US$650 million from the Salim Group (P.SLM), its parent company.

Frans says painting no intellectual activity

Frans says painting no intellectual activity Springs of Fire Springs of Tears; Frans Nadjira; Thomas Hunter, editor/translator; Matamera Book & Yayasan CAK Denpasar; 132 pp. DENPASAR, Bali: "I have never believed that painting is an intellectual activity.

The East Timor ballot

The East Timor ballot Should the referendum in East Timor be delayed or go as scheduled? This controversy, minor though it may seem on the surface -- after all, what difference does a delay of a mere two weeks make -- could be the first open indication of the disparate positions which Indonesia and...

First free and fair election fails to materialize

First free and fair election fails to materializeBy Vanessa Johanson BANDA ACEH, Aceh (JP): The 700 or so international observers who attended polling day in various parts of Indonesia have been quick to congratulate Indonesia on the conduct of largely peaceful, free and fair elections.

Mar'ie quits Bank Mandiri

Mar'ie quits Bank Mandiri JAKARTA (JP): Former minister of finance Mar'ie Muhammad has resigned from his position as chief commissioner of the newly established Bank Mandiri.An assistant of the state minister of the empowerment of state enterprises, Sofyan A.

Supriati must beat her 5,000m mark to get Olympic ticket

Supriati must beat her 5,000m mark to get Olympic ticket JAKARTA (JP): The Indonesian Amateur Athletics Association (PASI) hopes Supriati Sutono will shave at least 15 seconds off her personal best in the 5,000 meters at the 20th Southeast Asian Games in order to qualify for the Olympic Games in...

Experts, consumers blame Pertamina for car damage

Experts, consumers blame Pertamina for car damageBy A'an Suryana JAKARTA (JP): Senior observer of consumer matters Zoemrotin K. Soesilo lashed out at state oil and gas company Pertamina for halting its import of Detergent III Plus, an additive used for fuel in motor vehicles, since April without...

Talks on oil and gas bill grind to a halt

Talks on oil and gas bill grind to a halt JAKARTA (JP): Deliberation of a bill to overhaul the oil and gas sector is deadlocked as the House of Representatives and the government both refused on Wednesday to compromise on the most crucial issue -- the right to award contracts -- despite days of...

Marunda land deal in process: Witnesses

Marunda land deal in process: Witnesses JAKARTA (JP): Two witnesses in the Goro land scam case testified at the South Jakarta District Court on Wednesday that the appropriation of a 71-hectare plot of land in Marunda, North Jakarta, had not yet been completed.

Education in West Java

Education in West Java I refer to the news item on education published in Pikiran Rakyat, June 14, 1999, which stated the level of education of the people in West Java is still low. Furthermore, H. Mohamad Asta of the Central Bureau of Statistics disclosed to reporters recently that approximately...

Classic photographer Cephas presents beautiful past

Classic photographer Cephas presents beautiful pastBy Nuraini Juliastuti YOGYAKARTA (JP): Kassian Cephas, the first professional Javanese photographer, was little known until his works went on display at the Yogyakarta palace on June 11.His name is not mentioned in history books.

Provinces will have greater say in tourism, official says

Provinces will have greater say in tourism, official saysBy I. Christianto NUSA DUA, Bali (JP): Local authorities will have a greater say in developing the tourism industry under the newly approved Law on Regional Autonomy, according to a senior tourism official.Director General of Tourism I.

Debate over secret ballot continues

Debate over secret ballot continues JAKARTA (JP): Two constitutional law experts discussed the benefits and shortcomings of a secret ballot and open ballot in the upcoming presidential election.Speaking at a seminar on the presidency on Wednesday, Harun Alrasid of the University of Indonesia said...

Officers asked to leave civilian posts

Officers asked to leave civilian posts JAKARTA (JP): The Jakarta Military Command "recommended" the 104 military officers currently holding civilian posts in the city administration leave their posts and return to their military duties, city secretary Fauzi Bowo said on Wednesday.

Pollution hits Padang port

Pollution hits Padang port PADANG, West Sumatra: The outdated environmental impact management study of Teluk Bayur Port here must be reviewed, according to environmental authorities from Region I which includes West Sumatra.

Students, unemployed fined for staging rally

Students, unemployed fined for staging rally JAKARTA (JP): The Central Jakarta District Court on Wednesday sentenced 108 people -- among them students, laid-off workers and street musicians -- to pay fines of Rp 2,500 (35 U.S.

Manila to implement open skies policy

Manila to implement open skies policy MANILA (Reuters): The Philippines will implement an open skies policy as the market demands but current air agreements would allow a doubling of tourist arrivals within five years, the government said on Wednesday.

RI eyes China's LNG market

RI eyes China's LNG market JAKARTA (JP): President of state oil and gas company Pertamina Martiono Hadianto said on Wednesday he would leave for China to market the liquefied natural gas (LNG) to be produced by American energy company Atlantic Richfield Company (ARCO) in the Wiriagar area of Irian...

Estrada signs Clean Air Act

Estrada signs Clean Air Act MANILA (AP): Philippine President Joseph Estrada signed a landmark Clean Air Act into law on Wednesday despite strong lobbying by some businesses and oil companies, which said their costs would rise as a result of tougher pollution limits.

Habibie's aide dresses down journalists over dress code

Habibie's aide dresses down journalists over dress code JAKARTA (JP): An adjutant of President B.J. Habibie berated reporters as "stupid" for not wearing the peci, the traditional black cap which has reportedly become part of the dress code at the State Palace since the President came to power, the...

Astra restructures over $1.1b in debt

Astra restructures over $1.1b in debt JAKARTA (JP): After 11 months of hard negotiations, auto giant PT Astra International finally signed agreements on Wednesday with its bank creditors and bond holders to restructure some US$1 billion and Rp 1 trillion in debts, including capitalization of...

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Photo Exhibition: By Elizabeth Carecchio, at the Gallery CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., June 25 to Jul. 10.Performance * Music, Dances at CCCL - French Cultural Center, 8 p.m. June 25.

KPU, PPI split over vote-count schedule

KPU, PPI split over vote-count schedule JAKARTA (JP): A Wednesday morning decision by the National Elections Committee (PPI) to start the national ballot count on Thursday was overruled an hour later by a decree issued by the General Elections Commission (KPU).

The fate of Islamic parties at polls

The fate of Islamic parties at pollsBy Santi W.E. Soekanto and Wisnu Pramudya JAKARTA (JP): About 87 percent of the approximately 116 million voters in the general election were Muslims, but one would not know it from looking at the results of 13 Islamic parties during the June 7 polls.

Indonesia surprised by delay of East Timor ballot

Indonesia surprised by delay of East Timor ballot JAKARTA (JP): Minister of Foreign Affairs Ali Alatas expressed surprise on Wednesday after UN Secretary-General Kofi Annan announced his decision to delay the direct ballot on East Timor's future.

Overseas competitions needed, Agung says

Overseas competitions needed, Agung says JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono advised sports bodies on Wednesday to fund overseas warm- up competitions for their athletes ahead of the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August.

PBSI makes changes to badminton lineup

PBSI makes changes to badminton lineup JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has made changes to its lineup of shuttlers to compete in the Malaysia and Thailand Opens.The PBSI secretary-general, Leo Chandra Wiranata, said the official in charge of athletes' development,...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on June 23, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 6,570.00 6,670.00 6,570.00 6,710.00Australian dollar 1 4,279.90 4,397.60 4,254.00 4,472.00Austrian schilling 1 490.79 503.36 - -Belgian franc 1 167.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 23, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 575 50 227,000 AHAP Insurance 525 0 0 Alakasa Industrindo 375 25 1,500 Alter Abadi 500 -25 1,785,500...

PECC projects domestic bank recovery in 2000

PECC projects domestic bank recovery in 2000 JAKARTA (JP): The country's ailing banking system will resume normal operations in the year 2000, even though the debt resolution process and the bank restructuring program will proceed consistently, according to the Pacific Economic Cooperation Council...

Ship's crew survives ordeal

Ship's crew survives ordeal SEMARANG: Six crew members of the Saubi Jaya Surabaya survived for six days in the Java Sea after their ship sank. They said they ate seaweed and munched on sandals.The crew members were picked up from their lifeboat by a passing ferry.

Disabled policeman wins aid promise with strike

Disabled policeman wins aid promise with strike JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman has promised to help a retired, disabled police office who went on a hunger strike to demand that the National Police pay him compensation for injuries sustained in the line of duty.

KPU government representatives thrown out of meeting

KPU government representatives thrown out of meeting JAKARTA (JP): Political party representatives on the General Elections Commission (KPU) removed two government representatives from the commission's plenary session on Wednesday.

Students hurt in clash with police

Students hurt in clash with police SURABAYA, East Java: About 200 students were involved in a clash with security personnel on Wednesday when they demonstrated to demand the release of six of their fellow students.

Where to go in Bali:

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

12 caught at gambling dens

12 caught at gambling dens TANGERANG (JP): Local police arrested 12 people, including six suspected gambling operators, in separate raids at gambling dens here late Monday.Tangerang Police chief of detectives of the vice control unit, First Lt.

Committee officials face jail threat over poll veto

Committee officials face jail threat over poll veto UJUNGPANDANG, South Sulawesi (JP): Four regency elections committee chairmen in this province were threatened with imprisonment on Wednesday for refusing to endorse poll results in their areas.

Iranian arrested

Iranian arrested JAKARTA (JP): Immigration officers have arrested an Iranian national for his alleged role in a passport counterfeiting syndicate, an official said on Tuesday.Tangerang Immigration Office head Dody M.

Garuda seeks more tie-ups with foreign airlines

Garuda seeks more tie-ups with foreign airlines JAKARTA (JP): National flag carrier Garuda Indonesia is seeking more alliances with foreign airlines as part of its consolidation and rehabilitation program, a senior company executive has said.

On scratching the IMF

On scratching the IMF This is in response to Mr. Hubert Neiss's letter IMF is not interfering in RI of June 22, 1999. As a mere writer, I feel honored that a man of his caliber would spend his precious time to comment on what I wrote.

'Tempo' steadfast on report despite denial by Rahardi

'Tempo' steadfast on report despite denial by Rahardi JAKARTA (JP): Tempo news weekly magazine defended on Wednesday its cover story on the alleged apprehension of Minister of Industry and Trade Rahardi Ramelan's wife, Tumbu Astiani, at a United States airport for alleged money laundering as a...

Malnourished infants need help

Malnourished infants need help BOGOR (JP): Mayor R. Iswara Natanegara ordered all of the town's six district chiefs and 68 village heads on Wednesday to collect donations from businesspeople and high-ranking officials in their respective areas to help the 2,224 malnourished infants in the mayoralty.

Bank NISP plans rights issue for its expansion

Bank NISP plans rights issue for its expansion JAKARTA (JP): Bank NISP, a publicly listed bank based in Bandung, will issue rights shares this year to raise funds to finance its expansion.NISP president Pramukti Surjaudaja said the expansion plan would boost lending capacity and entail the purchase...