Indonesian Political, Business & Finance News

Archive: 28 July 1999

56 articles found

LIPI claims military reforms half-hearted

LIPI claims military reforms half-hearted JAKARTA (JP): National Institute of Science (LIPI) researchers concluded on Tuesday that the military has not been serious with its much-publicized reform attempts and has actively worked to maintain its grip on Indonesian politics.

Avoid violence: Megawati

Avoid violence: Megawati JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) chairwoman Megawati Soekarnoputri appealed to party members and the entire nation on Tuesday to avoid violence and to help make the upcoming General Session of the People's Consultative Assembly a success. Her calls were delivered during a ceremony marking the third anniversary of the July 27, 1996, takeover of the headquarters of the Indonesian Democratic Party led by Megawati.

IBRA cedes control of Bank Bali

IBRA cedes control of Bank Bali JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) ceded management control of Bank Bali to Standard Chartered Bank as an inducement for the UK bank to take a 20 percent stake, an IBRA advisor said on Tuesday.

Brothel complex closure may see rampant spread of STDs

Brothel complex closure may see rampant spread of STDs By Stevie Emilia JAKARTA (JP): In the morning, the country's oldest red-light district of Kramat Tunggak looks just like any other Jakarta residential area. But at night, it comes alive, revealing its true face. Every night, Kramat Tunggak's parking lot is packed. Loud music and the roar of laughter can be heard coming from each brothel, where women in thick makeup wait for pleasure-seeking guests.

Albright backs NATO before ASEAN forum

Albright backs NATO before ASEAN forum By Meidyatama Suryodiningrat SINGAPORE (JP): U.S. Secretary of State Madeleine Albright defended on Tuesday NATO's recent unilateral military action in Kosovo, arguing that circumstances necessitated the military alliance to act without the United Nation's initial consent.

Banking, telecom, power companies ready for Y2K

Banking, telecom, power companies ready for Y2K JAKARTA (JP): The country's banking, telecommunications and electricity industries are upbeat that their computerized systems will be fully prepared for the millennium bug by the end of 1999. Governor of Bank Indonesia Sjahril Sabirin said the central bank was 95 percent ready and over 74 percent of about 160 banks operating in the country already had their banking systems Y2K compliant.

ASEAN's future challenges

ASEAN's future challenges With interregional relations becoming more important as the world becomes smaller in this cyber era, the international community cannot but acknowledge the growing importance of the Association of Southeast Asian Nations (ASEAN) in boosting prosperity, peace and stability in the region.

Rado to make a comeback

Rado to make a comeback JAKARTA (JP): Lured by the promise of the country's economy recovery, Swiss luxury watch company Rado will reenter the Indonesian market in September through a new sole agent, PT Jay Gee Enterprise, said the chief executive, Roland Streule, on Tuesday. "In the past we had a strong market here but the economy crisis has hampered our business," Streule said.

Troops needed to quell Aceh rebels: Wiranto

Troops needed to quell Aceh rebels: Wiranto JAKARTA (JP): Minister of Defense and Security/Indonesian Military Commander Gen. Wiranto dismissed again on Tuesday mounting calls that he pull out troops from troubled Aceh, saying their presence was needed to crush insurgency there. He hinted it was the rebels and not his troops that should be blamed for the prolonged terror and widespread killings there. "There are illegal and unlawful armed powers. Their activities have become an insurgence.

Antam's ferronickel smelter ready by 2002

Antam's ferronickel smelter ready by 2002 JAKARTA (JP): Publicly listed PT Aneka Tambang (Antam) announced on Tuesday that construction of its third ferronickel smelter in Pomalaa, Southeast Sulawesi, would commence at the end of 1999, after being postponed for over a year. The project would be carried out by Mitsui & Co. Ltd., of Japan, which beat five other bidders during a limited international tender last year, Aneka Tambang said in a statement.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 27, 1999: Shares Close Change Trading Volume ---------------------------------------------------------------- Ades Alfindo 500 25 551,500 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 325 0 12,500 Alumindo Light Metal 925 0 7,500 Aneka Kimia Raya 600 0 8,000 Aneka Tambang (Persero) 1,500 -50 2,885,500 Anwar Sierad 250 -50 150,000 APAC Centertex Corp.

Doni promises squash medal at SEA Games

Doni promises squash medal at SEA Games JAKARTA (JP): Newcomer Doni Manik wants to surprise everyone at the 20th Southeast Asian (SEA) Games in Brunei Darussalam next month by surpassing the target set by the Indonesian Squash Association (PSI) to obtain a bronze in the men's team event. "I want to give a surprising performance in the team event. I don't want everybody to think that squash fails to contribute medals," said the 21-year-old player.

Floods surprise local villagers

Floods surprise local villagers BULUKUMBA, South Sulawesi: At least 300 Limbung hamlet residents of Benjala village in Bulukumba were forced to flee to higher ground following an unexpected flood caused by a sudden emergence of springs from the ground. No fatalities were reported.

W. Nusa Tenggara last in health

W. Nusa Tenggara last in health MATARAM, West Nusa Tenggara: Governor Harun Al Rasyid ranked on Monday his territory as the unhealthiest of the country's 27 provinces. "The high mortality rate and the low life expectancy are more than enough evidence that West Nusa Tenggara is the province with the worst level of health," Harun told Antara. He said the average life expectancy for people in the province was 57, compared to the national figure of between 65 and 70.

'Evolution pleats' from designer Hamy

'Evolution pleats' from designer Hamy JAKARTA (JP): Indonesian designer Stephanus Hamy has launched his latest collection featuring "evolution pleats". Hamy's interpretation of pleats are not the back-to-uniform schoolgirl pleats which immediately spring to mind, but are on a textured, clingy crinkled fabric.

Japan to send special mission to evaluate economic recovery

Japan to send special mission to evaluate economic recovery By Meidyatama Suryodiningrat SINGAPORE (JP): Japan will send a special mission to six Asian countries, including Indonesia, next month to gauge how it can further assist Asia's economic recovery and extend cooperation in human resources development and legal institution building. Dubbed the Mission for Revitalization of Asian Economy, it will be headed by Japan Federation of Employers Association chairman Okuda.

Dismembered body still unidentified

Dismembered body still unidentified BOGOR (JP): Police are still in the dark over the identity of a dismembered male body found buried in the yard of a resident of Kampung Bojong in Gunung Putri here. The discovery of a head, torso, two arms and two legs was reported on Sunday when the house owner, Haji Kaman, asked neighbors to help him pull out a decaying palm tree in front of his house.

Two killed in latest Ambon violence

Two killed in latest Ambon violence JAKARTA (JP): At least two people were killed and 34 more injured in fresh communal clashes in the scarred Maluku capital of Ambon on Tuesday, witnesses and hospital sources said. Witnesses told The Jakarta Post by phone that violence first erupted at about 10 a.m. in the downtown area of A.Y. Patty, where at least 40 shops were set on fire. Dozens of security personnel were rushed to the area, and fired warning shots to disperse the angry mobs.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on July 27, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Indonesia hopes to squash its opponents at SEA Games

Indonesia hopes to squash its opponents at SEA Games By Ivy Susanti JAKARTA (JP): Squash may not be as popular as badminton or tennis in Indonesia but the sport has contributed several medals at the Southeast Asian (SEA) Games. After grabbing three bronze medals two years ago, the Indonesian Squash Association (PSI) hopes its male athletes can return with a silver from the 20th Games in Brunei Darussalam to be held from Aug. 7 to Aug. 15.

AG says it will take months 'to wrap up corruption probe'

AG says it will take months 'to wrap up corruption probe' JAKARTA (JP): Acting attorney general Ismudjoko said on Tuesday his office needs at least three months to complete the investigations into 27,865 cases of alleged corruption involving 12 ministries and worth a total US$405.12 million. Three phases must be concluded before the cases are resolved, Ismudjoko was quoted by Antara as saying.

Five photographers show work of art

Five photographers show work of art JAKARTA (JP): Five photographers will display their black-and- white works in a one-month long exhibition at the Mandarin Oriental hotel here beginning on Wednesday. The photographers, Darwis Triadi, Artli Ali, Nico Dharmajungen, Suherry Arno and Warren Kiong, will exhibit their 69 photographs in a display called "The Work of Art".

EU has conditions for Myanmar acceptance

EU has conditions for Myanmar acceptance SINGAPORE (Agencies): Myanmar must allow visits by human rights groups and take concrete steps towards democracy before the European Union will accept it on equal terms as other ASEAN members, the EU Council president said on Tuesday.

House approves law on international relations

House approves law on international relations JAKARTA (JP): The four factions of the House of Representatives (DPR) approved on Tuesday a bill on international relations and called on the government to follow up with implementation regulations, Antara said. Spokesman Y.B.

Police visit invokes clash

Police visit invokes clash PURWOKERTO, Central Java: A visit made by a police officer to a 25-year-old woman named Karti ended in a brawl involving hundreds of people, injuring five police officers and dozens of residents. The clash began when residents of Sidaurip village were "disturbed" on Saturday night upon knowing that a man, identified as Second Sgt. Ashari, was visiting Karti, whose husband was working in Saudi Arabia at the time.

U.S. firm wins oil deal

U.S. firm wins oil deal HANOI (AFP): U.S.-based Vietnam American Exploration Co. (Vamex) has signed a production sharing contract to explore offshore oil with PetroVietnam, the company said Tuesday. The 30-year contract covers exploration and production of two blocks covering 6,874 square kilometers (2,750 square miles) lying 350 kilometers (217 miles) southeast of Vietnam, said a Vamex release.

Cold air front grips Bali

Cold air front grips Bali DENPASAR, Bali: A front of cold air, which has been shrouding Bali this month, may intensify in August, an official said on Tuesday. "It's likely that August will be cooler than this month," said Damsyik, head of the Meteorology and Geophysics Agency overseeing East Java, Bali and Nusa Tenggara. He cited the lowest temperature recorded in Bali was 17.4 Celsius centigrade in August 1986. The cold wind will intensify during night time, Damsyik said.

Sutiyoso warns firm action against errant bus owners

Sutiyoso warns firm action against errant bus owners JAKARTA (JP): Governor Sutiyoso stated on Tuesday he would instruct the City Land Transportation Agency (DLLAJ) to punish bus operators who unofficially increased their fares by up to 66 percent over the past few days. "I'll instruct the transportation agency to take action against these bus operators. "They simply can't raise their fares as they want.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Song 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Indonesian Children 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 Talk Show 10:30 TV Series: Labyrinth 11:35 Late News Program 2 4:30 p.m.

Singapore Power, Pertamina say gas deal going forward

Singapore Power, Pertamina say gas deal going forward SINGAPORE (Dow Jones): Singapore Power and Indonesia state- owned oil and natural gas company Pertamina officials confirmed Tuesday that negotiations for a multibillion dollar natural gas deal are progressing, easing concerns that the project had stalled. Responding to reports Monday that it was negotiating to buy natural gas from Singapore's SembCorp.

New forestry bill needs 'revision'

New forestry bill needs 'revision' JAKARTA (JP): The House of Representatives said on Tuesday the government-sponsored forestry bill had to be revised to give local administrations more power in managing the country's forests.

Couple jailed for drug trafficking

Couple jailed for drug trafficking JAKARTA (JP): The Central Jakarta District Court has sentenced a woman and her boy friend to one and two years in jail, respectively, for trafficking 30 grams of heroin. The court said the defendants, Sella Rosella, 23, and her fiancee Acuan, alias Sulaeman, 26, were found guilty for violating Article 82 (1) of Law No. 22/1997 on narcotics. The article carries a maximum punishment of life imprisonment. "Sella is still young.

Government declines to withdraw tramadol from the market

Government declines to withdraw tramadol from the market JAKARTA (JP): The Ministry of Health has played down demand from the Indonesia Health Consumer Empowerment Foundation to withdraw analgesic tramadol from the market and list the drug as a synthetic narcotic to ensure stricter control. The ministry's Director General for Drug and Food Control Sampurno said on Monday that at the moment the ministry has no plans to change the tramadol classification from a strong drug to a synthetic narcotic.

Popular choice ignored?

Popular choice ignored? From Rakyat Merdeka With reference to the letter from Ms. S. Afifiyah published on July 22, 1999, in this paper, allow me to give the following comments: First, your praise for the statement made by Mr. AM Fatwa about the capability and acceptability of presidential candidates is quite all right.

Half of East Timor's eligible voters register for poll

Half of East Timor's eligible voters register for poll DILI, East Timor (JP): United Nations Secretary-General Kofi Annan elected to continue voter registration for the direct ballot in East Timor after seeing the overwhelming turnout among residents. In a letter to UN Security Council president Hasmy Agam on Monday, Annan said in the first 10 days of the 20-day voter registration period, 239,893 of the some 400,000 eligible voters registered at centers inside and outside the province.

Netherlands-bound Mia gets boot from badminton body

Netherlands-bound Mia gets boot from badminton body JAKARTA (JP): The Badminton Association of Indonesia (PBSI) will expel its top women's shuttler Mia Audina from its training program after she requested permission to reside in Rotterdam, the Netherlands, with her husband Tylio Lobman.

Indonesian soccer team wary of Cambodian strikers

Indonesian soccer team wary of Cambodian strikers JAKARTA (JP): The Indonesian soccer team plans to keep its eyes on Cambodia's strikers in their first meet in the Group B preliminary match at the 20th Southeast Asian (SEA) Games in Brunei Darussalam on July 31. National team coach Bernhard Schumm said on Tuesday that his players would have to play defensively should Hok Sochetera spearhead the Cambodian attack, as he expects.

Asian stock markets close generally mixed

Asian stock markets close generally mixed HONG KONG (AP): Asian stock markets closed mixed Tuesday, with prices falling in Tokyo and Manila but surging in Seoul and Hong Kong. The Japanese benchmark 225-issue Nikkei Stock Average lost 28.62 points, or 0.16 percent, to close the session at 17,462.72. On Monday, the average lost 43.10 points, or 0.25 percent. Philippine share prices tumbled on heavy foreign selling triggered by renewed fears of higher U.S. interest rates.

The next move in Indonesian politics

The next move in Indonesian politics By Jusuf Wanandi JAKARTA (JP): Now that all the votes have been finally counted, the next step is to prepare for the General Session of the People's Consultative Assembly (MPR) and, in particular, to finalize the composition of its 700 respresentatives. The 135 MPR representatives from the provinces, which are to be added to the 500 members of the House of Representatives (DPR), will be formally determined by the new regional legislative councils.

KPU gives parties second chance to approve polls

KPU gives parties second chance to approve polls JAKARTA (JP): The General Election Commission (KPU) gave the 27 political parties which rejected the election results on Monday one week to reconsider their decision. "It is not an ultimatum, but it will be too late for the parties to change their mind if they do it after the President approves the election results next week," commission chairman Rudini said, after leading a plenary session on Tuesday.

Tourist arrivals rise 18%

Tourist arrivals rise 18% SINGAPORE (Dow Jones): Tourist arrivals in Singapore edged 18 percent higher in June from a year earlier, and for the first six months of 1999 were up 8.9 percent compared with the same period in 1998, the Singapore Tourism Board said Tuesday. Arrivals in June totaled 574,825, the board said. At 125,074, most visitors in June came from Indonesia, up 61 percent on the year.

Agro Pantes out to seal debt deal

Agro Pantes out to seal debt deal JAKARTA (JP): Publicly listed textile company PT Argo Pantes said on Monday that it hoped to clinch a deal with its creditors by the end of the year to restructure its US$280 million debt. Finance director Wira Tjendana said the company was in negotiation on a debt restructuring agreement with its 40 creditors, mostly foreign banks.

Bowlers need aid for equipment

Bowlers need aid for equipment JAKARTA (JP): The Indonesian Bowling Association (PBI) has requested the National Sports Council (KONI) contribute Rp 42 million (US$6,000) for bowling balls and shoes for 12 bowlers preparing for the 20th Southeast Asian Games. National team coach Jimmy Lim said on Tuesday the items were needed to replace old ones which were unsuitable for the biennial event in Brunei Darussalam next month. "We asked for Rp 3.5 million for each person to buy shoes and balls.

Malaysia's help sought for CPO price hike

Malaysia's help sought for CPO price hike JAKARTA (JP): Indonesia is seeking the possibility of establishing joint forces with Malaysia in a bid to prop up prices of crude palm oil (CPO) on international markets. Minister of Forestry and Plantations Muslimin Nasution said on Tuesday initial talks with the Malaysian government for the possible cooperation were progressing.

Pitfalls of democracy

Pitfalls of democracy It is hoped that the government and the General Election Supervisory Committee (Panwaslu) can act swiftly to overcome the problems in the General Elections Commission (KPU), and thereby send out a positive signal to business circles both at home and abroad. So far the public impression has been that those who are in charge have been exceedingly tolerant of the objectionable conduct that has been displayed by KPU members.

Who wants to be a politician?

Who wants to be a politician? By Mochtar Buchori JAKARTA (JP): Now that I am beginning to know the inner workings of the real political world in this country, I am more convinced than ever that I shall never become a good politician. It is because there are several obstacles that I will never be able to overcome. First, there is the problem of language.

Bakrie offers Tanjung Jati A project to PLN

Bakrie offers Tanjung Jati A project to PLN JAKARTA (JP): Local conglomerate Bakrie Group offered on Tuesday its Tanjung Jati A power plant project in Jepara, Central Java, to be bought out by state-owned electricity company PT Perusahaan Listrik Negara (PLN) for US$1.05 billion. The company said in a statement its power plant project was cheaper than the Tanjung Jati B power plant which PLN planned to buy out for $1.15 billion using a Japanese loan.

Concerns confronting ASEAN

Concerns confronting ASEAN Madeleine Albright's statement that the Korean peninsula is "perhaps the most dangerous place on earth today" is just one example of the weight of international concerns that ASEAN members are confronted with in this extremely sensitive time in the organization's history. Fears of another missile test by the enigmatic Pyongyang regime cast serious doubts about how stability can be maintained in the region. But if North Korea is the greatest threat to peace, as the U.S.

Amien's 'axis force' gets broad support

Amien's 'axis force' gets broad support YOGYAKARTA (JP): Political observers gave a vote of confidence to the newly emerging political force Amien Rais established to offset the current polarization between those who support Megawati Soekarnoputri and those who back incumbent President B.J. Habibie. Mochtar Mas'oed of Gadjah Mada University here said the new force, called the axis force, could win the presidential election, although the group's very plurality could cause it difficulties.

Rupiah dip not due to interest rates: BI

Rupiah dip not due to interest rates: BI JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Tuesday the weakening of the rupiah was not caused by declining domestic interest rates, but rather demand for U.S. dollars. He said that although nominal interest rates had fallen over the past few months, real interest rates were still high. "(The weakening of the rupiah) is not because of the interest rate drop," Sjahril said on the sidelines of a seminar on the Year 2000 problem.

Indonesia makes case of CGI for more aid

Indonesia makes case of CGI for more aid PARIS (Agencies): Indonesia told foreign donors on Tuesday that they would see deep-rooted financial and political reform in coming years but needed to hand over another US$5.5-6 billion to keep the economy on the recovery track. Coordinating Minister for Economy and Finance Ginandjar Kartasasmita said elections in June were a "striking achievement" disproving gloomy pre-poll criticism and the economy was pulling out of recession.

Jakarta youths rehearse for 2000

Jakarta youths rehearse for 2000 By Ingrid Maack JAKARTA (JP): As the millennium draws closer, people are busy with activities to observe the event. For the MTV generation there seems to be no other way to celebrate it than by partying. Over 8,000 Indonesian MTV viewers packed into Jakarta's Bengkel Night Park on Saturday night for MTV's Millennium Rehearsal Party.

Thousand Islands' site slated for development

Thousand Islands' site slated for development JAKARTA (JP): The city administration plans to renovate the airport and seaport on the 800-hectare Panjang Island in the Thousand Islands, and also develop safety and health services in the area in a bid to attract tourists, a city official said.

Police conclude 'Time' report defames Soeharto

Police conclude 'Time' report defames Soeharto JAKARTA (JP): An officer of the National Police concluded on Tuesday that a Time magazine report about the former first family's wealth on May 24 was libelous and defamatory to former president Soeharto. "Examination and analysis we heard from several experts in linguistics, legal affairs and magazine graphic design show that there is a libelous aspect in the report," Col. Makbul Padmanagara, chief detective of the general crimes unit, said.

Bishops attack Estrada's plan

Bishops attack Estrada's plan MANILA (AFP): Roman Catholic bishops in the Philippines on Tuesday criticized President Joseph Estrada's plan to rewrite the constitution. Archbishop Oscar Cruz, president of the Catholic Bishops Conference, said in a statement that the provisions Estrada wanted changed in the 1987 document were precisely "enacted for political reform".

New judge urged for Anwar trial

New judge urged for Anwar trial KUALA LUMPUR (AP): Ousted politician Anwar Ibrahim's attorney demanded on Tuesday that his client's sodomy trial be conducted by a new judge after a clash over the use of a contested confession as evidence. "I am exasperated by your comments and prejudgment. You might just as well give up," attorney Karpal Singh shouted at High Court Judge Ariffin Jaka.