Indonesian Political, Business & Finance News

Archive: 6 July 1999

49 articles found

Austrian minister robbed in Puncak

Austrian minister robbed in Puncak JAKARTA (JP): Four men attacked and robbed the visiting Austrian deputy minister of trade on Sunday at the Gunung Mas tea plantation in the Puncak mountain resort in Bogor, police said.

Businesses want big parties to coalesce

Businesses want big parties to coalesce JAKARTA (JP): Businessmen have urged the three most popular parties, namely the Indonesian Democratic Party of Struggle (PDI Perjuangan), Golkar and the National Awakening Party (PKB), to coalesce and form a strong government that would support the economy.

Medan welcomes fleeing teachers

Medan welcomes fleeing teachers MEDAN, North Sumatra: Teachers fleeing East Timor for safety will be eligible to teach at schools here, the local educational office announced on Monday.The office head, Abdul Muin Harahap, said for the time being only teachers who were North Sumatrans would be...

Strengthening Muslim solidarity

Strengthening Muslim solidarity The following is based on a paper presented by Indonesian Minister of Foreign Affairs Ali Alatas at the Islamic Conference of Foreign Ministers held in Ouagadougou, Burkina Faso from June 28 to July 2, 1999. This is the first of two articles.

Telkom, Indosat still need 'govt protection'

Telkom, Indosat still need 'govt protection' JAKARTA (JP): PT Telkom Indonesia and PT Indosat still need the government's protection in managing the country's telecommunications sector, legislators said.

Korea to cut LNG supply

Korea to cut LNG supply DUBAI (DOW JONES): State-owned Korea Gas Corp. is trying to cut back on its 1999 liquefied natural gas import commitments and has contacted at least four of its suppliers to reduce the number of cargoes scheduled under annual delivery programs, the weekly Middle East...

Creditors displeased by court decision for Sempati

Creditors displeased by court decision for Sempati JAKARTA (JP): The Jakarta Commercial Court declared private airline PT Sempati Air bankrupt on Monday at the company's request, the first such ruling since the court was established in September last year.

Final vote results not endorsed by all parties

Final vote results not endorsed by all parties JAKARTA (JP): Five representatives of political parties at the Jakarta Provincial Elections Committee (PPD I) either refused to endorse or were absent from the endorsing of the final vote results in the city on Monday.

Multilevel marketing firms need regulating: Official

Multilevel marketing firms need regulating: Official JAKARTA (JP): Director General of Domestic Trade Teddy Setiadi acknowledged on Friday the need to issue a special regulation to control rapid development of multi-level marketing businesses in the country.

Perpani holds painting expo

Perpani holds painting expo JAKARTA (JP): The Indonesian Archery Association (Perpani) is currently staging a six-day painting exhibition to raise funds for a long-term training program for the 2000 Olympic Games in Sydney.

1945 Constitution 'undemocratic'

1945 Constitution 'undemocratic'By Asip Agus Hasani YOGYAKARTA (JP): Every time the 1945 Constitution, drawn up by well-intending founding fathers, is put into practice, the government becomes undemocratic, says M. Mahfud, a lecturer of law at Gadjah Mada University here.

Empowering civil society in Asian countries

Empowering civil society in Asian countriesBy Emil Salim The following article is based on a paper presented at the international symposium on the Challenges of Japanese Studies in Asia with a theme In search of Asia civil society In the third millennium in Jakarta on June 28.

Asian monies unfazed by BOJ move

Asian monies unfazed by BOJ move HONG KONG (Dow Jones): The Bank of Japan's intervention to weaken the yen barely caused a stir in Asia's regional foreign exchange markets Monday, as most other Asian currencies tracked sideways or trended only moderately lower.

ICW to show evidence of corrupt candidates

ICW to show evidence of corrupt candidates JAKARTA (JP): The Indonesian Corruption Watch is to submit to the General Elections Commission (KPU) on Thursday a list of corrupt legislative candidates and evidence of their alleged wrongdoings.

'Tomi' poses a threat

'Tomi' poses a threat MALANG, East Java: A namesake of the youngest son of former president Soeharto is widely regarded in this mountainous area for its hazardous nature.Protests have been raised concerning over Tomi, a local name for liquor produced by PT Sumber Sari, which many people say is even...

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Photo Exhibition: Halflight by Accra Sheep, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578/2504229), 10 a.m. to 4 p.m., until July 14 (Monday closed). * The making of halflight: Process of printing on leaves, at Galeri Soemardja, Art and Design Faculty...

Child prostitution on the rise in RI: NGO

Child prostitution on the rise in RI: NGOBy Nita Nursepti JAKARTA (Antara): Trading in female children continues under the pretext of reducing unemployment or helping parents earn a living. Many of these children have been forced into prostitution.

Allianz upbeat on Indonesian prospects

Allianz upbeat on Indonesian prospectsBy Sylvia Gratia M. Nirang SINGAPORE (JP): Germany's Allianz AG, one of the world's largest insurance firms, remains a firm believer in Indonesia's insurance market prospects, despite the country's economic woes.

Prasetio Utomo told of risks in Ghalib audit

Prasetio Utomo told of risks in Ghalib audit JAKARTA (JP): The Prasetio Utomo & Arthur Andersen accountancy firm has been urged by other public accountants to turn down the government assignment to audit former Attorney General Andi M.

Three golds for wushu in Beijing

Three golds for wushu in Beijing JAKARTA (JP): The Indonesian Wushu Association (WI) is targeting three gold medals at the Beijing Open championships on July 24 and July 25.Team manager, Supandi Kusuma, said on Monday that the golds were expected from Jainab in the women's tai chi event, Linawati...

Soeharto sues `Time' magazine for US$27 billion

Soeharto sues `Time' magazine for US$27 billion JAKARTA (JP): Former president Soeharto lodged a civil lawsuit against New York-based Time magazine on Monday, demanding Rp 189 trillion (US$27 billion) in compensation for suggesting that he and his family had amassed a $15 billion fortune during his...

Government mulls more debt rescheduling

Government mulls more debt rescheduling JAKARTA (JP): Chairman of the National Development Planning Board (Bappenas) Boediono confirmed on Monday that the government was leaning toward requesting further debt rescheduling through the Paris Club of creditor countries to ease the burden of the...

The value of consistency

The value of consistencyFrom Rakyat MerdekaA person can be trusted due to consistency in what he or she has to say. One's life-style, conduct and performance are no guarantee to the consistency needed. This also applies to a head of state as he/she is not a politician who is adept at giving...

Pirates harass Cilacap fishermen

Pirates harass Cilacap fishermen CILACAP, Central Java: A gang of armed pirates have been terrorizing fisherman here in the past two weeks, police and a cooperative leader said on Monday.Chief of local police Lt. Col. Andi Lolo estimated the number of the pirates at about 70.

Stop issuance of equivocal policies, KIPP tells KPU

Stop issuance of equivocal policies, KIPP tells KPU JAKARTA (JP): The General Elections Commission (KPU) should stop issuing policies which would further delay the tallying of the national polls, the Independent Committee for Election Monitoring (KIPP) said.KIPP secretary-general Mulyana W.

Pelti appoints Tintus, Suharyadi as coaches

Pelti appoints Tintus, Suharyadi as coaches JAKARTA (JP): The Indonesian Tennis Association (Pelti) named Tintus Ariwibowo and Suharyadi coach of the men's and women's teams, respectively, for the 20th Southeast Asian (SEA) Games in Brunei next month, despite a recent altercation between Suharyadi...

Pertamina subsidiaries chalk up robust growth

Pertamina subsidiaries chalk up robust growth JAKARTA (JP): State oil and gas company Pertamina announced significant profit increases for most of its subsidiaries in the 1998/1999 fiscal year despite the economic crisis.

OPEC oil price exceeds $16

OPEC oil price exceeds $16 VIENNA (DPA): The oil cartel OPEC said its prices improved last week by more than one-half dollar to average US$16.38 per barrel.The week before that, the Organization of Petroleum Exporting Countries said its oil sold at $15.75 per barrel.

Thailand seizes Cambodian relics

Thailand seizes Cambodian relics BANGKOK (Reuters): Thai customs officials said on Monday they had seized more than eight tons of Cambodian artifacts smuggled into Bangkok by ship from Singapore.Acting on a tip-off, customs officers searched a warehouse at Klongtoey port over the weekend and found...

KONI hopes to secure tentative lineup today

KONI hopes to secure tentative lineup today JAKARTA (JP): The National Sports Council (KONI) is expected to set up the tentative lineup for the 20th Southeast Asian (SEA) Games on Tuesday after meeting with coaches and officials of 20 sports undergoing training for the Games.Moch.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 5, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 0 177,500 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 20,000 Alter Abadi 350 -50 330,500...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on July 5, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 6,680.00 6,805.00 6,730.00 6,840.00Australian dollar 1 4,450.00 4,555.10 4,425.00 4,630.00Austrian schilling 1 497.46 508.48 - -Belgian franc 1 169.69 173.

RI student wins physics contest

RI student wins physics contest DENPASAR, Bali: Made Agus Wirawan, a Bangli state senior high school student, has won an international physics award and the possibility of a scholarship at one of America's top universities.

Plan to delay MPR session 'hasty': KPU

Plan to delay MPR session 'hasty': KPU JAKARTA (JP): The General Elections Commission (KPU) has termed "hasty" the government's announcement that the General Session of the People's Consultative Assembly (MPR), involving the election of the president, would likely be postponed by a month.

BI's benchmark rate forecast to near 17 percent this week

BI's benchmark rate forecast to near 17 percent this week JAKARTA (JP): Bank Indonesia deputy governor Miranda S. Goeltom said on Monday that the benchmark interest rate of Bank Indonesia's 1-month promissory note (SBI) was expected to fall by between 1 percent and 1.

At least 36 children die of malnutrition in Central Java

At least 36 children die of malnutrition in Central Java SEMARANG (JP): At least 36 children under five years of age in Central Java have died of malnutrition since September last year, an official said on Monday.

BII raises Rp 4.46t from rights issue

BII raises Rp 4.46t from rights issue JAKARTA (JP): Publicly listed Bank Internasional Indonesia (BII) said on Friday it raised Rp 4.46 trillion (about US$656 million) from its April rights issue.The bank said the funds generated from the rights issue accounted for 40.

PRD activists demand police free colleagues

PRD activists demand police free colleagues JAKARTA (JP): Activists from the Democratic People's Party (PRD) went to the Jakarta Police Headquarters on Jl. Sudirman in South Jakarta on Monday to demand the release of their detained colleagues.

Owners find final spot for loved pets

Owners find final spot for loved petsBy A'an Suryana JAKARTA (JP): Suwita, 55, could not stop crying as the body of her dog Boy was laid down in his resting place."Mas Boy's death still haunts me today.

Government says more time needed for East Timor disarmament

Government says more time needed for East Timor disarmament JAKARTA (JP): The government suggested on Monday a two-week extension in the disarmament period for hostile factions in East Timor ahead of the August ballot.Minister of Defense and Security/Indonesian Military (TNI) chief Gen.

Government undecided on Irish meat imports

Government undecided on Irish meat imports JAKARTA (JP): Minister of Agriculture Soleh Solahuddin said on Monday his office has not decided whether it would allow meat imports from Ireland to enter the country.

BI to hand down forex monitoring ruling next month

BI to hand down forex monitoring ruling next month JAKARTA (JP): Bank Indonesia deputy governor Achjar Iljas said on Monday a new central bank regulation setting the minimum amount of foreign exchange transfer to or from the country that is subject to compulsory reporting would be issued next month...

Woman raped and killed

Woman raped and killed JAKARTA (JP): The corpse of an unidentified woman covered with a bedsheet was found by Curug villagers in Legok, Tangerang, on Sunday morning.Tangerang Police detectives chief Capt.

Attack in Maliana

Attack in Maliana Looking over the news with respect to an attack recently on a UN post in Maliana, East Timor, it is important to review some of the statements that were put forward by certain people who are connected with that matter. Two contentious statements are identified in this case.

Drunk on power

Drunk on power Many of those who run the government in Indonesia are living proof of Henry Kissinger's 1971 remark that "Power is the great aphrodisiac". Having lost the June 7 general election, the Golkar Party and its presidential candidate President B.J.

Court dismisses graft charges against Arifin

Court dismisses graft charges against Arifin JAKARTA (JP): The South Jakarta District Court on Monday dismissed the prosecution's charges against oil tycoon Arifin Panigoro for his alleged issuance of Rp 1.8 trillion (US$240 million) in promissory notes.

Kamra member shot dead in troubled Aceh province

Kamra member shot dead in troubled Aceh province JAKARTA (JP): A member of the auxiliary police force was shot dead in Aceh on Monday, in the latest incident of violence in the troubled province, Antara said.The news agency quoted witnesses as saying that M.

Police have tougher job ahead

Police have tougher job ahead On its 53rd birthday, the National Police (Polri) is facing challenges that are even tougher than it has ever faced before. Now, Polri will not only have to face common criminals, but it must also face political criminals.

Labor activist Dita released from prison

Labor activist Dita released from prison TANGERANG (JP): Jailed labor activist Dita Indah Sari of the Democratic People's Party (PRD) left the women's penitentiary here on Monday after spending two years in prison.