Indonesian Political, Business & Finance News

Archive: 10 August 1999

56 articles found

Megawati gets some stick

Megawati gets some stickFrom Rakyat MerdekaLately I have noticed many stickers being sold in the community with similar designs to real banknotes, but with a picture of Megawati on them. I am very much concerned about this because such an activity constitutes a violation of the right of the...

JICA helps pedicab drivers

JICA helps pedicab drivers UJUNGPANDANG, South Sulawesi: At least 300 families of pedicab drivers gained assistance from the Japanese International Cooperation Agency, Antara reported.JICA, in cooperation with the Indonesian Family Planning (PKBI) Association, launched the program to help the...

Airline association warns RP against carrier limits

Airline association warns RP against carrier limits MANILA (AFP): The Asia-Pacific airlines association on Monday cautioned the Philippines against limiting the access of foreign carriers in the country, saying consumers should be left to make a choice.

Museum acquires Imelda Marcos' shoes

Museum acquires Imelda Marcos' shoes MANILA (AP): The Philippines' shoemaking capital has acquired 200 pairs of shoes from the famed collection of former first lady Imelda Marcos for a new city shoe museum and hopes to add footwear from many presidents, an official said Monday.

Indonesian tennis teams make short work into finals

Indonesian tennis teams make short work into finals BANDAR SERI BEGAWAN (JP): The Indonesian men's and women's tennis teams smashed their way into the finals of the 20th Southeast Asian (SEA) Games on Monday.

Gus Dur's candidature boosts 'axis force's' chances: Amien

Gus Dur's candidature boosts 'axis force's' chances: Amien JAKARTA (JP): Amien Rais praised Abdurrahman Wahid for the latter's willingness to be presidential candidate of the new political alliance that Amien forged, called "the axis force," and said the assent was a boost to democratization.

Stop forest concessionaires

Stop forest concessionairesFrom NeracaThe Indonesian Environmental Forum (Walhi) has estimated that forest fires in Indonesia will reoccur toward the third millennium and that these will be worse than the major fires of two years ago.

Malaysia leads track and field in SEA Games

Malaysia leads track and field in SEA GamesBy Primastuti Handayani BANDAR SERI BEGAWAN (JP): Malaysia's track and field team put a dreadful start behind it by taking four of seven gold medals on the program at the Southeast Asian Games on Monday.

Antam makes debut Australian bourse

Antam makes debut Australian bourse JAKARTA (JP): PT Aneka Tambang (Antam) on Monday started its first day trading on the Australian Stock Exchange (ASX), with its chess units of foreign securities (CUFS) being traded at A$2 a piece in early trading.

Kiosk owner mulls suit against city officials

Kiosk owner mulls suit against city officials BOGOR (JP): A sidewalk kiosk owner is threatening to sue city officials who ordered demolition of the structure despite his claim to having paid Rp 8.1 million (US$1,160) in lieu of a building permit.

Bank Bali bosses prohibited from overseas travel

Bank Bali bosses prohibited from overseas travel JAKARTA (JP): The former directors of Bank Bali and key executives of PT Era Giat Prima (EGP) were banned from traveling overseas for facilitating an investigation into their alleged involvement in the suspected Rp 546 billion (US$78 million) fraud...

Land sits idle in W. Nusa Tenggara

Land sits idle in W. Nusa Tenggara MATARAM, West Nusa Tenggara: West Nusa Tenggara Governor Harun Alrasyid threatened to give away some 28,786 hectares of idle land to the public if the owners failed to make use of it.

Curbing smuggling an immense task

Curbing smuggling an immense taskBy Moeslich Somowiguno JAKARTA (JP): Trying to find out which came first, trade or smuggling, is like trying to answer the chicken or the egg question. Smuggling has been around since the early days of official trade, especially after regulations were first...

Transportation company on the road to recovery

Transportation company on the road to recovery JAKARTA (JP): Publicly listed PT Mitra Rajasa Tbk, a land transportation service company, announced on Monday it was back on the road to recovery after recording a Rp 7.85 billion (US$1.14 million) profit in the first half of 1999.

Protests kick up storm in karate competition

Protests kick up storm in karate competition BANDAR SERI BEGAWAN (JP): Protests marred the karate competition at the 20th Southeast Asian (SEA) Games here on Monday, as the infuriated Indonesian squad saw its winning ways brought to a rude halt.

Rugged life of Jakarta on display

Rugged life of Jakarta on display JAKARTA (JP): Seven young photographers who trained for one year with photographers from Antara Photo Journalism Gallery will show their black-and-white works on life in the capital during a 27-day exhibition at the gallery beginning on Wednesday.

Disabled students experience equality

Disabled students experience equalityBy Christine Erskine Smith JAKARTA (JP): Eva was sitting in the cooking class at her vocational training school. At the mention of the musical performance she was preparing for, her young face lit into a delightful smile. "I'm so excited," she said.

Cable TV channels in Pondok Indah

Cable TV channels in Pondok Indah JAKARTA (JP): Kabelvision has launched 45 cable television channels for residents of the plush Pondok Indah housing area in South Jakarta, the Kabelvision company said in a statement released on Monday.

Tanker fire claims 12

Tanker fire claims 12 PEKANBARU, Riau: Rescue workers found on Monday the charred bodies of nine crew members of the Stephanie XVIII oil tanker which caught fire on the Siak River around Perawang, some 80 km off of here, Antara said.

Tommy oversees Goro land deal: Ricardo

Tommy oversees Goro land deal: Ricardo JAKARTA (JP): The former president of PT Goro Batara Sakti, Ricardo Gelael, denied on Monday that he played a decisive role in the wholesale firm's 1995 land exchange deal with the State Logistics Agency (Bulog).

Luring but excessive element

Luring but excessive element The General Elections Commission (KPU) has again become an object of public scorn and a target of complaint due to its sluggish working system. The focus this time is its Team of 15, which is responsible for the selection of organizations to be represented in the...

Ban foreigners from buying coffee from farmers: AEKI

Ban foreigners from buying coffee from farmers: AEKI JAKARTA (JP): The Association of Indonesian Coffee Exporters (AEKI) has called on the government to ban foreign companies from buying coffee harvests directly from local farmers.

Riots spark 'Reformasi' flea market

Riots spark 'Reformasi' flea market JAKARTA (JP): The devastating May 1998 riots have generated one positive outcome, at least to small traders around Cengkareng Plaza in West Jakarta.Located opposite the shopping center, the Reformasi flea market was established following initiatives of local...

Veteran Richard back in the swim of things

Veteran Richard back in the swim of things BANDAR SERI BEGAWAN (JP): Shortly after the 1997 Southeast Asian (SEA) Games in Jakarta, Richard Sam Bera announced his retirement to concentrate on his job as an assistant coach at Arizona State University, his alma mater.

Senior military officer's son caught with drugs

Senior military officer's son caught with drugs JAKARTA (JP): West Jakarta Police apprehended two men in possession of drugs at a hotel on Sunday morning, one of whom was reportedly an active member of the Army's Special Force (Kopassus) and the son of a high-ranking Indonesian Military (TNI)...

Habibie must act

Habibie must act It is not enough for the minister of finance to oversee the Bank Bali case. President B.J. Habibie must act in person to order an investigation of the scandal because the case is in part a consequence of his giving too much power to the Indonesian Bank Restructuring Agency (IBRA).

BII sues debt guarantors

BII sues debt guarantors JAKARTA (JP): Publicly listed Bank Internasional Indonesia filed a bankruptcy claim against the debt guarantors of PT Bentala Coal Mining for failing to take over the company's Rp 13.5 billion (about US$2 million) matured debt.The plaintiff's lawyer, Abdul Hakim G.

Babies die due to 'salmonella' sweep

Babies die due to 'salmonella' sweep BANYUWANGI, East Java: The salmonella virus is blamed for the deaths of seven newborns last week in the Blambangan district, a director of a hospital treating the babies said.

Four scavengers die in accident

Four scavengers die in accident MEDAN: Four men collecting iron scraps in an old school building in Ramunia village in Pantai Labu district were killed when the building's walls collapsed on them. Five other people were severely injured in the accident in the North Sumatra regency of Deli Serdang.

KPU agrees to restart selection of interest groups

KPU agrees to restart selection of interest groups JAKARTA (JP): A group of around 200 students rallied outside the General Elections Commission (KPU) on Monday, demanding the disbandment of its Team of 15, whose members have been suspected of abusing their authority in the selection of interest...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 9, 1999: Shares Close Change Trading Volume ----------------------------------------------------------------- Ades Alfindo 500 0 25,000 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 300 0 0 Alumindo Light...

Thai rice exports seen rising

Thai rice exports seen rising BANGKOK (DPA): Thailand's rice exports should exceed 5.5 million tons of rice this year because of higher demand from countries such as Indonesia and the declining stocks in competing countries, industry sources said Monday.

Bank Bali's case tip of the iceberg

Bank Bali's case tip of the icebergFrom Media IndonesiaHaving observed the Bank Bali case since its disclosure by Mr. Pradjoto, we from the Sekar Tiara non-governmental organization feel called upon to convey our support and admiration for all his efforts.

IBRA vows to regain Bank Bali's Rp 546b

IBRA vows to regain Bank Bali's Rp 546b JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) Glenn S. Yusuf said on Monday that his organization would do its utmost to recover the Rp 546 billion (US$80 million) payment from Bank Bali to an investment firm.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Sheraton Hotel, Jl. Ir. H. Juanda No. 390 (Phone: 022 2500303): - Samsara Lounge: violinist, pianist and singer, on Sunday, 12 p.m. to 5 p.m. - SOB: Duff's Band, Monday, 10:30 p.m. to 2 a.m., X-Cite Band, Wednesday, 10:30 p.m. to 2 a.m.

North Jakarta to have industry centers

North Jakarta to have industry centers JAKARTA (JP): The North Jakarta mayoralty office has announced plans to set up industry centers for fishery, furniture and dried salted fish in the area.Spokesman for the administration Sudarso said on Monday the plan and the locations for the sites were yet...

Mining company donates gold

Mining company donates gold JAKARTA (JP): After a two year delay, gold mining company PT Kelian Equatorial Mining (KEM) in Kutai regency has donated five kilograms of gold bar for use in the East Kalimantan administration's poverty alleviation programs.

INACA urges government to take immediate action on fires

INACA urges government to take immediate action on fires JAKARTA (JP): The Indonesian National Air Carriers Association (INACA) called on the government on Monday to immediately deal with the forest fires burning in a number of the country's provinces to avoid a repeat of the haze which disrupted...

Bank employees protest in Bandung

Bank employees protest in Bandung BANDUNG: About 400 employees of the Bandung branch of Danamon Bank protested against the Central bank and government's policy regarding the takeover of the bank.They blamed mass employee dismissals on the policy, saying many of their positions were taken by...

Enron eyes Thai power sector

Enron eyes Thai power sector SINGAPORE (Dow Jones): Houston-based energy company Enron Corp. is exploring investment opportunities in Thailand's natural gas and electricity sectors, according to industry reports.

Thailand to cut import tariffs

Thailand to cut import tariffs BANGKOK (DPA): Thailand will slash import tariffs on 500 items if a finance ministry package promoting trade liberalization and industrial restructuring is approved Tuesday by the cabinet, a news report said.

Megawati has supporters

Megawati has supporters I read with interest Sungkowo Sokawera's letter Who supports Megawati, published in The Jakarta post on Aug. 6, 1999. The question he posed was which people really supported Megawati? He is of the opinion that the 200 seats for the Indonesian Democratic Party of Struggle...

Unicef aid for health program

Unicef aid for health program SEMARANG: The United Nations International Children's Emergency Fund (Unicef) donated Rp 10 billion (about US$1.4 million) for the health improvement of people living in 10 small towns in Central Java, Antara reported.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Aug. 9, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 6,985.00 7,045.00 6,985.00 7,075.00Australian dollar 1 4,527.75 4,603.85 4,502.00 4,628.00Austrian schilling 1 541.67 551.05 - -Belgian franc 1 184.77 187.

Irianese living in fear, says rights commission

Irianese living in fear, says rights commission JAYAPURA, Irian Jaya (JP): Members of the National Commission on Human Rights concluded from their visit here the Irianese lived in fear.Albert Hasibuan and Clementino Dos Reis Amaral said during a meeting with community leaders, non-governmental...

President orders quick action to stop forest fires

President orders quick action to stop forest fires JAKARTA (JP): President B.J. Habibie on Monday ordered immediate action to stop forest fires in Sumatra and Kalimantan, warning the country against a repeat of the 1997 fires.

Medal tally

Medal tally G S B TotalThailand 19 19 15 43Malaysia 15 15 10 40Indonesia 12 9 13 34Singapore 7 6 6 19Philippines 5 9 16 30Vietnam 3 7 10 20Brunei 1 0 11 12Laos 1 0 1 2Myanmar 0 1 0 1Cambodia 0 0 0 0

Haze better this year

Haze better this year SINGAPORE (AFP): Singapore should see slight to moderate haze during the next two weeks as smoke sweeps in its direction, the Straits Times said on Monday.The haze, which enveloped Singapore in late July, was minor compared with 1997 and 1998 pollution when fires in Sumatra...

Two people killed in latest Aceh violence

Two people killed in latest Aceh violence JAKARTA (JP): At least two people were killed, and 14 are missing after a weekend attack on a logging camp in the troubled province of Aceh, Antara reported on Monday.

Rival factions sign accord for campaign

Rival factions sign accord for campaign DILI, East Timor (JP): Rival factions in East Timor on Monday signed a 27-point code of conduct banning violence and intimidation in the campaign ahead of the Aug. 30 self- determination direct ballot.

Vast mangrove area severely damaged

Vast mangrove area severely damaged PALU, Central Sulawesi: Around 16,000 hectares of mangroves in Central Sulawesi have been severely damaged over the past 10 years due to rampant use of the trees for charcoal production or building fish ponds, Antara reported on Sunday.

Indonesia nears double feat in badminton events

Indonesia nears double feat in badminton events BANDAR SERI BEGAWAN (JP): Indonesia moved a step closer to a double gold medal in the badminton team event at the 20th Southeast Asian Games on Monday.The starless Indonesian women's team was still too strong for Vietnam, which suffered a 5-0 rout in...

No bribes found in city-owned firms: Kahfi

No bribes found in city-owned firms: Kahfi JAKARTA (JP): Deputy Governor of Administrative Affairs Abdul Kahfi insisted on Monday that the city's Reform Team, that he chaired, had not had any reports of alleged bribery by city owned firms to auditors of the Development Finance Comptroller (BPKP).

Alatas receives Philippine award

Alatas receives Philippine award MANILA (AP): Indonesian Foreign Minister Ali Alatas (see picture on left) received one of the Philippines' most prestigious awards on Monday for his role in the forging of a peace pact between the Manila government and Muslim rebels.

Developer blamed in Manila landslide

Developer blamed in Manila landslide MANILA (Reuters): A Philippine government investigation into a landslide in a Manila housing estate which killed at least 48 people said on Monday that the developer of the project was aware that the ground was unstable.

Richard takes Indonesia's first gold in the pool

Richard takes Indonesia's first gold in the poolBy Ivy Susanti BANDAR SERI BEGAWAN (JP): Indonesia won its first gold in the pool thanks to veteran Richard Sam Bera on the second day of the 20th Southeast Asian (SEA) Games here on Monday.