Indonesian Political, Business & Finance News

Archive: 27 July 1999

49 articles found

Investor to come to Bongkaran

Investor to come to Bongkaran JAKARTA (JP): A private investor lurks behind the government's plan to relocate squatters in Central Jakarta's subdistrict of Tanah Abang Bongkaran, an official from the state-owned railway company Perumka confirmed on Monday."Yes, the proposal is ready.

U.S., EU concerned over security in East Timor

U.S., EU concerned over security in East Timor SINGAPORE (JP): The United States and the European Union expressed concern over security in East Timor on Monday, warning that failure to ensure a conducive environment could foil plans for a fair referendum in the disputed province.

Minivan drivers go on strike

Minivan drivers go on strike TANGERANG (JP): Minivan drivers plying Bumi Serpong Damai (BSD)-Cikokol route went on strike on Monday in protest of the operation of Mayasari Bhakti buses serving the BSD-Senen route.

Premier to sell RI project

Premier to sell RI project LONDON (Dow Jones): Premier Oil PLC of the UK is planning a US$200 million refinancing with the sale of a half share in its West Natuna gas project in Indonesia, according to the UK's Times newspaper.

'RCTI' journalists plan strike

'RCTI' journalists plan strike JAKARTA (JP): At least 41 employees of the editorial department of private television station RCTI threatened to go on strike on Wednesday if the department's three head editors did not resign, the employees said in a statement on Monday.

JSX composite index drops to 592 over political concerns

JSX composite index drops to 592 over political concerns JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) plunged on Monday after the General Elections Commission (KPU) failed to approve the general election results.The Jakarta Composite Index fell 5.3 percent or 33.

Qantas starts E-ticket sales

Qantas starts E-ticket sales JAKARTA (JP) : Australian airline Qantas Airways has launched an electronic ticket (E-ticket) facility in Jakarta and Bali to expedite ticketing, Qantas sales manager Ronny Mampouw announced on Monday.

Thailand defends ASEAN's stance

Thailand defends ASEAN's stance BANGKOK (AFP): Millions of Asians wanted to see positive political development in military-run Myanmar but not if it meant the collapse of ASEAN, Thailand's deputy foreign minister said on Monday.

Tripatra responds

Tripatra responds In connection with Paul Key's letter of July 23, 1999, Injustices in Tripatra, PT. Tripatra wishes to correct the writer's mistakes and misleading comments.As a national enterprise, PT Tripatra (the company) employs approximately 9,700 workers for its construction services for PT...

FORKI to select kata karatekas for Southeast Asian Games

FORKI to select kata karatekas for Southeast Asian Games JAKARTA (JP): The Indonesian Karate-Do Federation (FORKI) still plans to announce its athletes names in the technical meeting, although it staged a competition on Monday to select kata karatekas to compete in the 20th Southeast Asian (SEA)...

10 babies with malnutrition

10 babies with malnutrition LAMONGAN, East Java: Ten undernourished babies in Lamongan regency were placed in intensive care by health officials, Antara reported on Saturday.Data from the Babad Lamongan community health center showed the babies mostly came from poor families, health center chief...

Indonesia looks to regain sepaktakraw dominance

Indonesia looks to regain sepaktakraw dominanceBy Ivy Susanti JAKARTA (JP): Sepaktakraw is a traditional Indonesian sport which is popular among natives of South Sulawesi, Kalimantan and Sumatra.Yet, Indonesia no longer dominates the sport.

AG lacks evidence to prosecute Soeharto

AG lacks evidence to prosecute Soeharto JAKARTA (JP): With just a few months left to the November deadline, acting Attorney General Ismudjoko insisted on Monday that his office lacked sufficient evidence to name former president Soeharto a suspect in corruption cases.

U.S. Embassy's cowboy tactics

U.S. Embassy's cowboy tactics It is really hard to understand that a country as big and advanced as U.S. still resorts to cowboy-style culture in the provision of immigration services, particularly with respect to young Indonesian citizens.

Soeharto 'may leave hospital soon'

Soeharto 'may leave hospital soon' JAKARTA (JP): Ailing former president Soeharto, who was admitted to Pertamina hospital last Tuesday after suffering a mild stroke, is not paralyzed and is likely to be discharged from hospital later this week, his daughter said on Monday.

Minister promotes healthy lifestyle

Minister promotes healthy lifestyle JAKARTA (JP): Preventing an illness is better than curing it, Minister of Health Faried Anfasa Moeloek said on Monday, in a speech that was part of a campaign to promote healthy living.

Payment of 'fiskal'

Payment of 'fiskal'From KompasAt 1:30 p.m. on May 30 I paid my fiskal (tax imposed on people going abroad) at Terminal E of the Soekarno-Hatta Airport.In view of the large amount -- Rp 1,000,000 -- I hoped the official in charge would complete the fiskal receipt which would facilitate settlement at...

PDI-P to observe July 27 incident

PDI-P to observe July 27 incident SURABAYA (JP): Some 1,000 supporters of the Indonesian Democratic Party of Struggle (PDI Perjuangan) are expected to attend a gathering here on Tuesday to commemorate the third anniversary of the "July 27" tragedy.

Iwan wants sepaktakraw gold for Indonesia

Iwan wants sepaktakraw gold for Indonesia JAKARTA (JP): A gold medal in the Southeast Asian (SEA) Games has been sepaktakraw player Rasiwan's dream since his debut in the event in 1995.Rasiwan, nicknamed Iwan, was born on Jan. 27, 1971, in a small village in Banyumas, Central Java.

Aceh woman activist supports refugees

Aceh woman activist supports refugeesBy Ati Nurbaiti PIDIE, Aceh (JP): At the end of a long hot day, Farida Hariyani had developed flu symptoms and a relative was massaging her head at her sister's residence in Ulee Glee district.

Thousands of Tual refugees in desperate state

Thousands of Tual refugees in desperate state JAKARTA (JP): Four resident representatives from the troubled city of Tual, Southeast Maluku, pleaded on Monday for immediate assistance for some 22,000 refugees, with many of them malnourished children who have been dying from hunger-related diseases,...

Nine-year-old dies in blaze

Nine-year-old dies in blaze DENPASAR, Bali: A nine-year-old child was killed when a fire razed at least 14 houses in a complex belonging to the Udayana Regional Military Command in Kuta subdistrict, 15 kilometers south of here, on Sunday morning, Antara reported on Monday.

Standard Chartered leads Bank Bali management

Standard Chartered leads Bank Bali management JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) entered into a strategic partnership with Standard Chartered Bank on Monday, whereby the United Kingdom-based bank will head Bank Bali's new management team.

Military kills 41 in latest Aceh strife: Report

Military kills 41 in latest Aceh strife: Report JAKARTA (JP): Troops shot dead at least 41 civilians, including a former political prisoner, in an antirebel operation in the troubled province of Aceh last week, a human rights group said on Monday.

Bank Bali's conversion rates on July 26, 1999:

Bank Bali's conversion rates on July 26, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 6,970.00 7,060.00 6,970.00 7,090.00Australian dollar 1 4,520.75 4,616.45 4,495.00 4,691.00Austrian schilling 1 531.11 542.75 - -Belgian franc 1 181.17 185.

Amien's 'center axis'

Amien's 'center axis' National Mandate Party (PAN) chairman Amien Rais, United Development Party (PPP) chairman Hamzah Haz, Crescent Star Party (PBB) chairman Yusril Ihza Mahendra and Nadhlatul Ummat Party (PNU) chairman Yusuf Hasyim met at PPP headquarters over the past weekend.

Telecoms bill set to pass next month

Telecoms bill set to pass next month JAKARTA (JP): The House of Representatives is upbeat about passing the telecommunications bill by the end of August.Chairman of House Commission IV for telecommunications, tourism and transportation Burhanuddin Napitupulu said on Monday that legislators and the...

Mercedes takes hatchback orders

Mercedes takes hatchback orders JAKARTA (JP): PT Mercedes Benz Indonesia, capitalizing on recent slashes in import tariffs, said on Monday it was taking orders for its A-class hatchbacks in fully built form for delivery early next year.

Lunar eclipse on Wednesday

Lunar eclipse on Wednesday BANDUNG, West Java: The Bosscha Observatory announced that people across the country would be able to witness a partial eclipse of the moon on Wednesday, Antara reported.The partial eclipse of the moon -- the last event of its kind in the 20th century -- will be seen in...

Constructive approach needed for Aceh

Constructive approach needed for AcehBy Yulius P. Hermawan BANDUNG (JP): It is pure irony that human rights violence in Aceh has been increasing dramatically after Aceh's status of the Military Operation Zone (DOM) was removed by a military commander in August 1998.

Monagro donates corn seeds

Monagro donates corn seeds JAKARTA (JP): Herbicide and seed producer PT Monagro Kimia donated on Monday five tons of prime C-5 hybrid corn seeds and one tons of Polaris herbicides to farmers whose rice fields and corn plantations have been destroyed by pests.

Sri Indriyani breaks world record

Sri Indriyani breaks world record JAKARTA (JP): Indonesia's women's weightlifter Sri Indriyani managed to break the world record after lifting 84 kilograms in snatch in the 48 kg division at the Indonesian Weightlifting, Powerlifting and Bodybuilding Association (PABBSI) national championships at...

Orangutan population faces extinction

Orangutan population faces extinctionBy Stevie Emilia JAKARTA (JP): Indonesia is adored for its natural and cultural diversity and stands out among the richest countries in the world in terms of its biodiversity. But at the same time, it is also losing these assets at an incredibly fast rate.

Acer launches new product

Acer launches new product JAKARTA (JP): Personal computer manufacturer Acer announced on Monday the upcoming launch of its WT 300 Windows-based terminal for the Indonesian market.The company's senior vice president and general manager of Acer's branded business unit, T.

Archer Hamdiah qualifies for Olympics

Archer Hamdiah qualifies for Olympics JAKARTA (JP): Indonesia's woman archer Hamdiah qualified for the 2000 Olympic Games in Sydney after making it to the quarterfinals of the 40th World Archery Tournament in Riom, France.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 26, 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 475 -25 70,000 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 325 -75 90,500 Alumindo Light...

Danareksa gets award

Danareksa gets award JAKARTA (JP): Hong Kong's Finance Asia monthly magazine has named PT Danareksa the best local securities or investment bank in Indonesia for its innovative products and good performance, the company said.

Joint Communique on the 32nd ASEAN Ministerial Meeting

Joint Communique on the 32nd ASEAN Ministerial Meeting This is the second of two excerpts of the Joint Communique issued at the 32nd ASEAN Ministerial in Singapore.External relations34. We reaffirmed the importance of an outward-looking ASEAN, which can play a pivotal role in international forum.

Winters says new government must be a clean break from past

Winters says new government must be a clean break from past JAKARTA (JP): The country needs a new, clean government with the credibility to demand the World Bank take responsibility for massive leakage and inefficiency in the use of its foreign aid, an American expert on Indonesia said on Monday.

Rates for tax payment, valid from July 26 to Aug. 1

Rates for tax payment, valid from July 26 to Aug. 1 U.S. dollar 1 Rp 6,670.00Austrian schilling 1 499.75Australian dollar 1 4,306.82Belgian franc 1 170.47Canadian dollar 1 4,426.89Swiss franc 1 4,295.19Deutschemark 1 3,517.75Danish krone 1 940.42French franc 1 1,048.35Poundsterling 1 10,485.

BII Finance Center fights bankruptcy claim

BII Finance Center fights bankruptcy claim JAKARTA (JP): Local financing company BII Finance Center challenged on Monday the bankruptcy petition filed by three foreign creditors.The defendant's lawyer Hotman Paris Hutapea said the bankruptcy claim against his client was immature because the...

Lippo Supermal set to reopen on Saturday

Lippo Supermal set to reopen on Saturday TANGERANG (JP): Karawaci's Lippo Supermal, which was shut down after being severely burnt and looted on May 14, 1998, during the riots that swept through the capital, is scheduled to reopen on Saturday."It's a quiet opening.

Singapore-RI gas project registers full advance sales

Singapore-RI gas project registers full advance sales SINGAPORE (AFP): Singapore conglomerate SembCorp Industries on Monday said the supply of gas from a multi-billion-dollar deal with Indonesia had all been bought up in advance by occupants of a major petrochemical complex here.

U.S. declares 'shared goals' in ASEAN growth

U.S. declares 'shared goals' in ASEAN growthBy Oei Eng Goan and Meidyatama Suryodiningrat SINGAPORE (JP): The United States is equally interested in the security of the Asia-Pacific and the region's growth and leadership in its drive for a more open, stable and dynamic global economy, U.S.

Mahathir's megaproject comes under fire

Mahathir's megaproject comes under fireBy Andreas Baenziger KUALA LUMPUR (DPA): The recently completed Prime Minister's Office rages mightily over a landscape that until recently was covered by dense palm and rubber plantations.

Traffic jam near Gandhi school

Traffic jam near Gandhi school It is disheartening to note that from the day Gandhi School in Ancol, North Jakarta, was reopened on July 19, 1999 -- after about two and half months of long vacation -- school children, along with their parents, have faced the traumatic experience of enduring traffic...

Newcrest pours 1st RI gold

Newcrest pours 1st RI gold MELBOURNE (Dow Jones): Australia's Newcrest Mining Ltd. said Monday it poured its first gold from the Gosowong project in Indonesia Sunday.Newcrest owns 82.5 percent of the mine, and PT Aneka Tambang holds the remaining 17.

PDI headquarters takeover to be commemorated today

PDI headquarters takeover to be commemorated today JAKARTA (JP): The hostile takeover of the headquarters of the Indonesian Democratic Party (PDI) on Jl. Diponegoro in Central Jakarta on July 27, 1996, will be commemorated at Senayan Stadium on Tuesday morning, organizers said.

KPU rejects election results

KPU rejects election results JAKARTA (JP): The much-awaited General Elections Commission (KPU) announcement of the poll results turned out on Monday to be yet another political complication when 27 parties rejected the final vote count, and the KPU chairman deferred the final decision to President...