Indonesian Political, Business & Finance News

Archive: 13 August 1999

64 articles found

Reinforcements arrive in Ambon

Reinforcements arrive in Ambon JAKARTA (JP): Two battalions of reinforcement troops arrived in the Maluku capital of Ambon on Thursday as ongoing violence between Muslims and Christians in the city claimed at least two more victims and injured nine others.

Tripartite talks aimed at East Timor peace, security

Tripartite talks aimed at East Timor peace, security JAKARTA (JP): Senior officials of Indonesia, Portugal and the United Nations (UN) began two-day talks on Thursday aimed at ensuring peace and security in East Timor during the critical period between the Aug.

Sarinah talks shop about expansion despite red tape

Sarinah talks shop about expansion despite red tape JAKARTA (JP): Lone state-owned retail company PT Sarinah plans to expand its business despite the tangled web of bureaucracy and stiff competition from private retailers.

BI to launch forex transfer system this month

BI to launch forex transfer system this month JAKARTA (JP): Bank Indonesia deputy governor Miranda S. Goeltom said on Thursday that a new central bank regulation will be introduced to set the minimum amount of foreign exchange that would be subject to compulsory reporting.

SEA Games results

SEA Games resultsTen-pin bowlingMenTeam: 1. Malaysia, 2. Singapore, 3. IndonesiaIndividual: 1. Dominic Lim Zhong (Sin) 5621, 2. Jumpakhao Kritchawat (Tha) 5225, 3. Ricky Chen Yew Kong (Mas) 5174ShootingMenSkeet individual: 1. Patricio Bernardo (Phi) 138pts, 2. Prince Hakeem (Bru) 138, 3.

Is Asian recovery on shaky ground?

Is Asian recovery on shaky ground? MANILA (Xinhua): While Asian economies are showing signs of a strong recovery, problems such as heavier corporate debts, rising bad loans and larger government deficits have aroused fears for a new round of financial crisis in the region.

Three killed in Army chopper crash

Three killed in Army chopper crash SEMARANG: An Army helicopter crashed on Wednesday night on the Bulus Pesantren beach in Setojenar village, Kebumen regency in Central Java, killing all three people on board.Commander of the Army A. Yani airbase in Semarang, Lt. Col. Daniel F.

Vietnam into soccer final after beating Indonesia 1-0

Vietnam into soccer final after beating Indonesia 1-0 BANDAR SERI BEGAWAN (JP): Vietnam snuffed out Indonesia's dream of taking the Southeast Asian Games soccer gold medal for the first time in eight years, winning their semifinal on Thursday with a late goal.

City hoteliers order tax cut for business

City hoteliers order tax cut for business JAKARTA (JP): City hoteliers and restaurant operators demanded on Wednesday the city administration reduce hotel and restaurant taxes by 50 percent, in a bid to help boost their business competitiveness in the third millennium.

Businessman, retired generals open business intelligence firm

Businessman, retired generals open business intelligence firm JAKARTA (JP): Noted businessman Iman Taufik, along with four retired military and police generals, officially opened a business intelligence firm on Thursday with an aim to boost Indonesian companies' competitiveness abroad.

Police officers caught in drugfest

Police officers caught in drugfest JAKARTA (JP): Seven low-ranking police officers were detained on Wednesday night for allegedly using shabu-shabu (a crystal methamphetamine) at the Petamburan Police Dormitory on Jl. K.S. Tubun in West Jakarta, an officer said.

Asia Pulp gets $100m loan for Indah Kiat

Asia Pulp gets $100m loan for Indah Kiat HONG KONG (Bloomberg): Asia Pulp and Paper Co., the only Indonesian company to borrow abroad this year, said it cut its borrowing costs by more than half when it backed with APP shares a US$100 million one-year loan for its Indah Kiat Pulp & Paper Corp. Tbk.

Boat racing dominated by Indonesia with 5 golds

Boat racing dominated by Indonesia with 5 golds BANDAR SERI BEGAWAN (JP): Indonesian paddlers won on Thursday one gold and one silver medal to conclude the traditional boat races at the Southeast Asian Games.

Wiranto rejects dialog proposal with Aceh's GAM

Wiranto rejects dialog proposal with Aceh's GAM JAKARTA (JP): Indonesian Military (TNI) chief Gen. Wiranto ruled out on Thursday the possibility of initiating a dialog with members of the separatist Free Aceh Movement (GAM), saying their demand for independence was unrealistic.

RI satellite to be launched

RI satellite to be launched PARIS (AFP): The launch of the European Ariane rocket carrying an Indonesian telecommunications satellite will take place overnight Thursday, French space officials said Wednesday.

Indonesia comes up short in medal hunt

Indonesia comes up short in medal huntBy Primastuti Handayani and Ivy Susanti BANDAR SERI BEGAWAN (JP): With relatively few medals up for grabs, Indonesia earned two more golds on the fifth day of competition at the 20th Southeast Asian Games here on Thursday.

S'pore Power wants to cut gas supply from Pertamina

S'pore Power wants to cut gas supply from Pertamina SINGAPORE (Dow Jones): Boey Tak Hap, president and chief executive officer of Singapore Power Ltd., said Thursday that his company has made an offer on 75 million cubic feet of natural gas a day for 22 years from SembGas, a unit of Sembcorp...

Satelindo, AsiaSat sign deal

Satelindo, AsiaSat sign deal HONG KONG (AFP): Asia Satellite Telecommunications Co. Ltd. (AsiaSat) said Thursday it has reached agreement with PT. Satelit Palapa Indonesia (Satelindo) on providing mutual back-up support for satellite control operations during emergencies.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Program 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Student's Quiz 3:00 Music 4:00 News 5:00 Sea Games: Swimming Final (live) 7:00 Evening News 7:30 Music 8:10 Dances 9:00 World News 9:30 Sea Games Journal 10:30...

RP businesses support Estrada

RP businesses support Estrada MANILA (AFP): The Philippines' main business groups will campaign for proposed amendments to the constitution by conducting "road shows" outside the capital, the presidential palace said on Thursday.

Farmer wants military to make good on loan

Farmer wants military to make good on loan TANGERANG (JP): A villager of Balaraja subdistrict here reminded Jakarta Military Commander Maj. Gen. Djadja Suparman not to forget to return his 39-hectare plot of land currently being used to plant corn as part of a military-sponsored agricultural...

Political rumblings grow over Bank Bali scandal

Political rumblings grow over Bank Bali scandal JAKARTA (JP): Political squabbling over laying the blame for the high-profile Bank Bali scandal intensified on Thursday, with the ruling Golkar Party declaring its innocence and a senior economic minister denying any involvement.

Asia may benefit from yuan devaluation

Asia may benefit from yuan devaluationBy James T. Areddy HONG KONG (Dow Jones): As economists' expectations grow that China will eventually devalue its currency, so are hopes that other Asian countries might benefit from such a move.

Immigration clarifies

Immigration clarifies With reference to the letter from Mr. Robert WEM which appeared in The Jakarta Post on July 21, 1999, entitled Immigration law, we would like to give our comment on the matter.First of all, and unfortunately, the problem raised by Mr.

Pakistan slams India as navy dead buried

Pakistan slams India as navy dead buried KARACHI (Agencies): Pakistan on Thursday buried its dead from the downing of a navy patrol plane by India and Prime Minister Nawaz Sharif turned up the rhetoric on what he called New Delhi's "barbaric" and "cowardly" act.

Indonesia in transition: Some parting thoughts

Indonesia in transition: Some parting thoughtsBy J. Stapleton Roy This is the second and last part of a presentation by the outgoing U.S. Ambassador to Indonesia at the Indonesian Council on World Affairs (ICWA) in Jakarta on Wednesday.

Twilite Orchestra to perform 'Tribute to A Nation'

Twilite Orchestra to perform 'Tribute to A Nation' JAKARTA (JP): You can choose to celebrate the country's 54th anniversary in a number of ways, but one of the most entertaining and worthwhile choices would be to attend a performance of the Twilite Orchestra, which will be performing patriotic...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Enchanted Moments by Deniek G. Sukarya, at Galeri Foto Cahya, Plaza Menteng, 2nd floor, Jl. H.O.S. Cokroaminoto 79, Menteng (Phone: 3907623), Central Jakarta, 10 a.m. to 8 p.m., until Aug. 29.

Ethnic fighting in Batam

Ethnic fighting in Batam Last week's ethnic fighting in Batam brought business on the island to a standstill for three days. Regrettably, ethnic fighting on this island is nothing new. Last week's was simply the worst.

Oil prices remain high

Oil prices remain high SINGAPORE (Reuters): Crude prices in Asia on Thursday were holding overnight highs, underpinned by reports of lower oil stocks in the United States.New York Mercantile Exchange September U.S.

KPU selects 15 Muslim organizations

KPU selects 15 Muslim organizations JAKARTA (JP): The General Elections Commission (KPU) named 15 Islamic organizations on Thursday to represent the Muslim community in the Interest Groups faction of the People's Consultative Assembly (MPR). Each would be given one seat in the 700-seat Assembly.

A call for greater sensitivity

A call for greater sensitivity Like Indonesia, Thailand and South Korea have also been hit by the economic crisis. As we know, however, here the crisis has hit harder because it was accompanied by disturbances on the political plane.

University English debate kicks off

University English debate kicks off JAKARTA (JP): Thirty-six teams from 22 universities will take part in a nationwide English debate competition, the second of its kind here.The three-day event starting on Friday is called the Indonesian Varsities English Debate 1999 and is being organized by the...

Is a Rp 550 billion fee normal?

Is a Rp 550 billion fee normal? Supreme Advisory Council (DPA) chairman A.A. Baramuli's statement in Bisnis Indonesia of Aug. 9 saying that a Rp 550 billion fee is normal is highly arbitrary, thereby treading on the people's sense of justice.

Government sets haj pilgrimage cost at Rp 17.76m

Government sets haj pilgrimage cost at Rp 17.76m JAKARTA (JP): In response to the strengthening of the rupiah to the U.S. dollar in recent months, the government will slash the cost of the haj pilgrimage to Mecca next year to Rp 17.76 million.

Ethnic Chinese out to forge new ties

Ethnic Chinese out to forge new ties JAKARTA (JP): Prominent Chinese-Indonesians reasserted on Thursday their intention to become a true part of the Indonesian community, vowing to overcome the history of violence which has swirled around their community.

JSX regulates stock splits and rights share issues

JSX regulates stock splits and rights share issues JAKARTA (JP): The Jakarta Stock Exchange (JSX) issued on Thursday a ruling regulating publicly listed companies' activities related to stock splits and the issuance of rights shares.

Bylaw lauded to preserve capital's historic sites

Bylaw lauded to preserve capital's historic sites JAKARTA (JP): The city council endorsed on Thursday a bylaw for the preservation of historic buildings and their surrounding area in the capital.During a plenary session, councilors demanded rebuilding the house on Jl.

Febi, Romana crash out in quarters

Febi, Romana crash out in quartersBy Primastuti Handayani BANDAR SERI BEGAWAN (JP): Indonesia's bid to win tennis singles crowns at the 20th Southeast Asian Games suffered a major blow when Febi Widhiyanto and Romana Tedjakusuma were beaten in the quarterfinals on Thursday.

Indonesia's shuttlers make semis except for two doubles pairs

Indonesia's shuttlers make semis except for two doubles pairsBy Ivy Susanti BANDAR SERI BEGAWAN (JP): A men's doubles team and a mixed doubles pair were the only Indonesian losers in the quarterfinals of the badminton competition at the Southeast Asian Games here on Thursday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 12, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 275 25 47,000 Alumindo Light...

Ericsson predicts improved sales

Ericsson predicts improved sales JAKARTA (JP): The local subsidiary of Swedish telecommunications group PT Ericsson Indonesia projects its cellular phone sales this year will exceed last year's 100,000 units, an executive of the company said.

Asian currencies recover from lows but still end weaker

Asian currencies recover from lows but still end weaker HONG KONG (Dow Jones): After a shaky start to the session, Asian currencies managed to recover slightly from new long-term lows to finish local trading Wednesday only moderately lower against the U.S. dollar.

Local company wins tender to import 75,000 tons of rice

Local company wins tender to import 75,000 tons of rice JAKARTA (JP): Local firm PT Aramanjaya Perkasanusa has won the tender to import a total of 75,000 tons of rice for September- October deliveries, the State Logistics Agency (Bulog) announced on Thursday.

Witnesses quarrel over evidence

Witnesses quarrel over evidence JAKARTA (JP): The mother and brother of a youth accused of murdering his ex-girlfriend admitted on Wednesday to quarreling over a piece of cloth apparently soaked in chloroform that was allegedly used in the murder.

Deniek's photos capture the beauty of nature

Deniek's photos capture the beauty of natureBy K. Basrie JAKARTA (JP): For many observers of Indonesian photography, Deniek G. Sukarya's works are nothing but sky, clouds, sea, trees, rivers, beaches, paddy fields and buffaloes.And Deniek is proud of this.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Aug. 12, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,865.00 8,135.00 7,865.00 8,165.00Australian dollar 1 5,118.15 5,331.90 5,093.00 5,356.00Austrian schilling 1 607.55 533.25 - -Belgian franc 1 207.

'Focus on education, health': UN official

'Focus on education, health': UN official JAKARTA (JP): Indonesia should cut its military budget and spend more on education and health, two areas where the country's conditions are deteriorating, a UN official has said.Stephen J.

Fraud guaranteed

Fraud guaranteed The alleged plundering of almost US$80 million from Bank Bali revealed two major flaws which, if not removed, may abort the budding recovery of Indonesia's economy.First of all, the government blanket guarantee of bank deposits and claims, though succeeding in preventing the whole...

Manufacturing sector shows signs of recovery

Manufacturing sector shows signs of recovery JAKARTA (JP): The country's manufacturing sector is showing signs of recovery, with many companies beginning to intensify production, Minister of Trade and Industry Rahardi Ramelan said on Thursday.

Refugees protest poor treatment

Refugees protest poor treatment PONTIANAK, West Kalimantan: Some 1,100 refugees of Sambas rallied outside the governor's office on Wednesday to protest the squalid conditions they have endured in refugee camps in the past five months.

East Timor's history ignored

East Timor's history ignoredSri Pamoedjo Rahardjo This is the first of two articles on East Timor. JAKARTA (JP): Confusing signals from concerned international agencies, the Indonesian government and politicians about the East Timor issue have resulted in chaos.

House urged to drop state security bill

House urged to drop state security bill JAKARTA (JP): Observers urged the House of Representatives on Thursday to drop a controversial bill on state security, citing loopholes for power and rights abuses they found in the document.

Nafsiah chosen to chair UN children's rights committee

Nafsiah chosen to chair UN children's rights committee JAKARTA (JP): Indonesia's leading children's rights campaigner Nafsiah Mboi has been elected to head the United Nations Committee on the Rights of the Child, making her the only Asian in the body's panel of 10 experts.

Students head back to school as haze eases

Students head back to school as haze eases JAKARTA (JP): Two days of rain have diminished the weeklong thick haze shrouding Riau's provincial capital of Pekanbaru and allowed students to return to school, Antara reported on Thursday.

Activist says Marzuki leaked Bank Bali story

Activist says Marzuki leaked Bank Bali story JAKARTA (JP): With the Attorney General's Office still examining the corruption aspects of the Bank Bali scandal, Jakarta Police have opened an investigation into possible criminal aspects of the US$70 million under-the-table payment.

NU invites Habibie to open congress

NU invites Habibie to open congress JAKARTA (JP): Indonesia's largest Islamic organization Nahdlatul Ulama (NU) has asked President B.J. Habibie, or his successor, to open its 30th congress in Lirboyo, Kediri regency, East Java, in November.

Indonesian Children's Choir to sing its song in Europe

Indonesian Children's Choir to sing its song in EuropeBy Jules Bell JAKARTA (JP): Luar biasa (outside of the norm or outstanding) is really the best way to describe the Indonesian Children's Choir and Indonesian Youth Choir, and no doubt citizens of Poland and Germany will share this impression.

To forgive but not to forget

To forgive but not to forget With reference to your editorial on Aug. 9, 1999, I would like to underline your comment.I am one of the many victims of Soeharto's false testimonies. I am prepared, with God's help, to forgive Soeharto for his brutal policies, and I have no ill feelings anymore.

Color of money is white for Indonesian businessman

Color of money is white for Indonesian businessman JAKARTA (Reuters): White skin. White fur. Red eyes. To zoologists, these are classic signs of an albino animal. But to one Indonesian businessman, they mean big money.

Aeroport to manage RI airport

Aeroport to manage RI airport JAKARTA (JP): The French airport authority Aeroport de Paris has won the contract to manage and operate the Jakarta Soekarno- Hatta International Airport, said State Minister of the Empowerment of State Enterprises Tanri Abeng.

Repairs set after tiles fall from center's roof

Repairs set after tiles fall from center's roof BANDAR SERI BEGAWAN (JP): The 20th Southeast Asian Games organizing committee plans renovations of the International Convention Center (ICC) after tiles fell from the roof in two separate incidents.

Central Java hit by water shortages

Central Java hit by water shortages SEMARANG: Several regencies in Central Java have been hit by a clean water shortage caused by the approaching dry season, Governor Mardiyanto said on Wednesday.Among the regencies are Blora, Rembang, Klaten, Boyolali, Grobogan and Semarang, he said.

Medal tally

Medal tally G S B TotalThailand 47 36 41 124Malaysia 45 35 39 119Indonesia 34 31 45 110Philippines 14 21 36 71Singapore 13 17 33 63Vietnam 10 15 24 49Myanmar 3 9 9 21Brunei Darussalam 3 6 27 36Laos 1 0 3 4Cambodia 0 0 0 0