Indonesian Political, Business & Finance News

Archive: 20 August 1999

52 articles found

I'm just a normal person: Habibie

I'm just a normal person: Habibie JAKARTA (JP): Facing widespread speculation over his links with the Bank Bali scandal, that may severely damage his chance at the next presidency, President B.J. Habibie strove to project a message that he was just one of the people.

Officials urge KONI to focus on sports offering many golds

Officials urge KONI to focus on sports offering many golds JAKARTA (JP): Sports officials urged the National Sports Council (KONI) to pay more attention to sports development in multisport events of track and field, swimming, shooting and gymnastics, which offer a large amount of gold medals.

Auditing the auditors

Auditing the auditors Auditors have a crucial role in enhancing the integrity of the disclosure process, one of the pillars of good corporate governance. But the integrity, honesty and objectivity of Indonesian public accountants appears to be suspect.

Soeharto returns home after 6 days in hospital

Soeharto returns home after 6 days in hospital JAKARTA (JP): Former president Soeharto on Thursday returned home after six days of treatment at Pertamina Hospital in South Jakarta for intestinal bleeding.

PNG wants ties with Jayapura

PNG wants ties with Jayapura JAKARTA (JP): The Port Moresby administration has proposed a sister-city arrangement with Jayapura, Irian Jaya, to promote trade and business ties.The governor of Papua New Guinea's capital, Philip Taku, said on Thursday he drafted a memorandum of understanding to...

Police arrest another Ramayana bombing suspect

Police arrest another Ramayana bombing suspect JAKARTA (JP): City police have arrested an alleged accomplice in the January bombing of the Ramayana department store on Jl. Sabang in Central Jakarta, an officer said on Wednesday.

Pathetic state of the country

Pathetic state of the country A young cleaner working at the Palace and earning a meager Rp 82,500 per month, which is far below the official minimum wage, stole 11 pens from the President's office. He was quickly tried and sentenced to 10 months in jail.

Fresh violence erupts in Maluku's Piru

Fresh violence erupts in Maluku's Piru JAKARTA (JP): Dozens of houses were set on fire on Thursday in fresh clashes between Muslims and Christians in the West Seram town of Piru, some 70 kilometers north of the riot-torn Maluku capital of Ambon, Antara reported.

Anwar judge bars defense plea

Anwar judge bars defense plea KUALA LUMPUR (Reuters): The judge in Anwar Ibrahim's sex trial on Thursday rejected a defense request to hold a police officer in contempt of court for alleged lying in his testimony against the former Malaysian finance minister.

Quite revolution in Southeast Asia

Quite revolution in Southeast Asia The following is based on an address presented by Deputy Foreign Minister of Thailand Sukhumbhand Paribatra at the seminar on "The 1999 Indonesian Elections: Lessons Learnt and Challenges to Consolidate the Transition" organized by the International Institute for...

Persija field to be developed

Persija field to be developed JAKARTA (JP): Governor Sutiyoso has invited investors to develop the poorly managed Jakarta Soccer Club's (Persija) field in Menteng, Central Jakarta, into a better stadium with an underground business center.

Lost in a haze: Asian century goes up in smoke

Lost in a haze: Asian century goes up in smokeBy Christopher Lingle HONG KONG (JP): The debate over the relevance of the Association of Southeast Asian Nations (ASEAN) as a force for regional cohesion continues.

Woman gang-raped after Net date

Woman gang-raped after Net date KUALA LUMPUR (AP): A Malaysian teenager was gang-raped by five men after meeting one of them on the Internet and arranging a blind date, news reports said on Thursday.Police said the 15-year-old girl agreed to meet a 20-year-old man last Friday at an outdoor evening...

Dell to move HQ to S'pore

Dell to move HQ to S'pore SINGAPORE (Dow Jones): U.S. computer maker Dell Computer Corp. (DELL) intends to make Singapore its Asia-Pacific headquarters, it said Thursday at a media conference.The company's Asia-Pacific operations is currently based in Hong Kong.

Punish Soeharto

Punish SoehartoFrom Rakyat MerdekaA discussion on how to resolve the matter of Soeharto, aired by private TV station SCTV some time ago, was rather utopian, especially when H. Probosutedjo ventured that the matter should be settled according to Islamic law.

New approach must be adopted for healthier largest cities

New approach must be adopted for healthier largest cities JAKARTA (JP): Experts say a huge budget is not always necessary to overcome health problems in large cities. They say maximizing the potential of local resources could lead to healthier cities.

Five people queried over on-the-job death

Five people queried over on-the-job death TANGERANG (JP): Police have questioned at least five people after a 20-year-old textile worker was crushed to death when her hair became entangled in machinery.

Helmet thief caught red-handed

Helmet thief caught red-handed DENPASAR, Bali: A man was caught red-handed stealing a helmet from police in the eastern parking lot of Bali Police Headquarters on Wednesday.The suspect, identified as law student Nyoman Suropati, 27, claimed he was there to process some documents.

Supreme Court prepares bill on contempt of court

Supreme Court prepares bill on contempt of court JAKARTA (JP): The Supreme Court is preparing a contempt of court bill which would protect judges from abusive actions and words in the courtroom."A team comprising senior officials of the Supreme Court has been preparing an academic text of the bill...

Asabri scandal involves generals, businessman

Asabri scandal involves generals, businessman JAKARTA (JP): National Police detectives are investigating an alleged Rp 410 billion (US$55.4 million) insurance fraud at the military and police insurer which suspectedly involved three generals and a businessman, an officer said on Thursday.

Women and politics

Women and politicsFrom KompasPros and cons about the country's leadership being in the hands of a woman, in this case regarding the leadership of Megawati Soekarnoputri, have been gaining momentum. To be a leader is, indeed, a difficult job, particularly leading a nation when it is deep in...

Local airlines hit by fuel hike: INACA

Local airlines hit by fuel hike: INACA JAKARTA (JP): The recent move of state oil and gas company Pertamina to raise the price of aviation fuel will further damage the country's ailing airline industry, according to the Indonesian Association of National Air Carriers (INACA).

Mother charges son with TV theft

Mother charges son with TV theft JAKARTA (JP): A 27-year-old man accused of stealing his widowed mother's television set was freed from all charges after the housewife decided to drop the case during the first hearing at West Jakarta District Court on Wednesday.

Marselli Sumarno a storyteller by trade

Marselli Sumarno a storyteller by tradeBy Tam Notosusanto JAKARTA (JP): As Marselli Sumarno faced the reporters and film critics from various local media, he said: "I've been in your place before, but I am a creator now.

Kyocera talks with Bakrie

Kyocera talks with Bakrie SYDNEY (Dow Jones): DDI Corp. and Kyocera Corp. of Japan plan to boost their investment in Australia-based Iridium South Pacific Pty., a provider of satellite telecommunications services, according to company executives.

Mahathir continues efforts for AMF

Mahathir continues efforts for AMF BEIJING (AFP): Malaysian Prime Minister Mahathir Mohamad Thursday continued calls for greater financial and security cooperation among Asian countries and urged China to join Malaysian efforts to build a stronger "regional grouping" of East Asian countries.

Govt asked to screen pesticide importers

Govt asked to screen pesticide importers JAKARTA (JP): The Indonesian Crop Protection Industry Association (AIPTI) urged the government to screen potential importers of pesticides and pesticide formulas.

Official says no inmates escaped

Official says no inmates escaped PADANG, West Sumatra: Head of the provincial office of the Ministry of Justice, Soemoeljo, denied reports that 20 prisoners escaped when the Muaro Penitentiary here was set on fire on Wednesday."No one escaped. Media reports that there are 20 fugitives are wrong ...

Walhi sues president over failed project

Walhi sues president over failed project JAKARTA (JP): The Indonesian Forum for Environment (Walhi) has filed a lawsuit against President B.J. Habibie over a failed government project to develop one million hectares of peat land in Central Kalimantan.

More violence in Aceh as DPR debates autonomy bill

More violence in Aceh as DPR debates autonomy bill JAKARTA (JP): The government and the House of Representatives responded to demands for justice by Acehnese by launching on Thursday the reading of a bill that would accord the troubled province special treatment and autonomy."With the document ...

Indonesian foreign exchange reserves fall to $16 billion

Indonesian foreign exchange reserves fall to $16 billion JAKARTA (JP): The country's net foreign exchange reserves fell US$201.4 million to $16 billion as of Aug. 13.Bank Indonesia announced in its latest weekly report that the drop was due to foreign debt payments.

Borrower's relatives mob Dutch expatriate

Borrower's relatives mob Dutch expatriate JAKARTA (JP): A Dutch citizen was rushed to Cipto Mangunkusumo General Hospital after he was mobbed by a group of men on Thursday.The man, identified as Ayf Welers, was rushed to the hospital's emergency unit by another Dutchman and an Indonesian identified...

House to deliberate state security bill

House to deliberate state security bill JAKARTA (JP): The House of Representatives (DPR) agreed on Thursday to deliberate the widely criticized bills on state security and on a civilian militia, despite public calls that it drop the Ministry of Defense-sponsored documents.

Councilors insist on debt allowance

Councilors insist on debt allowance JAKARTA (JP): Outgoing council members demanded on Thursday that the city administration grant them severance payments to cover their debts at city-owned Bank DKI.Jonggi JP Sihombing of the Golkar party said city councilors, whose terms will end next Wednesday,...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Aug. 19, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,100.00 7,250.00 7,100.00 7,280.00 Australian dollar 1 4,563.75 4,697.90 4,538.00 4,722.00 Austrian schilling 1 540.15 556.38 - - Belgian franc 1 184.

Hasan appointed boss of new futures exchange

Hasan appointed boss of new futures exchange JAKARTA (JP): Former Jakarta Stock Exchange (JSX) boss Hasan Zein Mahmud was elected on Thursday as president of the newly established Indonesia Futures Exchange (IFEX).

House grills top finance, monetary men

House grills top finance, monetary men JAKARTA (JP): Banking authorities steadfastly refused to meet demands made by the House of Representatives during a heated debate on Thursday to disclose the names of government leaders allegedly involved in the high-profile Bank Bali scandal.

Swiss bank 'knew' of Marcos funds

Swiss bank 'knew' of Marcos funds MANILA (AP): A German journalist told a Philippine Senate committee on Thursday that the Union Bank of Switzerland admitted holding an account of the late dictator Ferdinand Marcos.

RI wants win in ASEAN swim meet

RI wants win in ASEAN swim meet JAKARTA (JP): Indonesia aims to grab the overall title in the fourth Southeast Asian Students Swimming Championships in the Senayan swimming pool from Aug. 23 to Aug. 25.The Indonesian Swimming Federation (PRSI) official in charge of technical committee, Gerald P.

Ministers implicated in Bank Bali scandal

Ministers implicated in Bank Bali scandal JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan), the front-runner in the June elections, accused on Thursday one of President B.J. Habibie's younger brothers, four Cabinet ministers, two ruling Golkar party leaders, and five...

Thrills and spills at bartending championship

Thrills and spills at bartending championshipBy Jules Bell JAKARTA (JP): The crowd cheered and the drinks flew. Bottles of tequila and vodka spun through the air, and ice cubes and pieces of lime performed triple somersaults. The music pumped and the bartenders juggled glasses.

UNAMET urges anti-weapon measures

UNAMET urges anti-weapon measures JAKARTA (JP): The United Nations Mission in East Timor (UNAMET) called on Thursday for Indonesian police to arrest anyone found with weapons outside designated cantonment areas.

School wall kills one, injures another

School wall kills one, injures another JAKARTA (JP): An elementary school student died, while another was rushed to Cipto Mangunkusumo general hospital for surgery, after a wall around their school yard in Bekasi collapsed on top of them on Thursday.

The Hunt for the Marcos' hidden wealth continues

The Hunt for the Marcos' hidden wealth continuesBy Jamil Maidan Flores This is the last of a four-part series. The first three parts describe the pursuit of the Marcos wealth through open and legal means as well as a clandestine operation called "Big Bird" that identified and exposed part of the...

Akbar concedes fissures in Golkar Party

Akbar concedes fissures in Golkar Party JAKARTA (JP): Golkar Party chairman Akbar Tandjung said on Thursday he suspected members of the party's inner circle of spreading dissension in a bid to topple him.Akbar was commenting on a letter dated Aug.

B- rating for BII's card

B- rating for BII's card HONG KONG (Dow Jones): Duff & Phelps Credit Rating (DCR) Co. said Thursday it has reaffirmed its B- rating on the credit card receivable securitization issued by Bank Internasional Indonesia (BII).

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 19, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 300 0 166,500 Alumindo...

Indosteel eyes garment export

Indosteel eyes garment export JAKARTA (JP): Publicly listed Indosteel will establish an export-oriented garment factory in Purwakarta, West Java, with investment of US$20 million, of which $7 million will be equity financing, the company said here on Thursday.

KPU allocates most interest group seats

KPU allocates most interest group seats JAKARTA (JP): The General Elections Commission (KPU) completed on Thursday its task of appointing representatives of various groups in society to the 65-seat Interest Group faction at the People's Consultative Assembly (MPR).

Angkasa Pura II doubtful about profit target

Angkasa Pura II doubtful about profit target JAKARTA (JP): PT Angkasa Pura II, the country's main airport operator, might not be able to meet this year's pretax profit target of Rp 500 billion (about US$70 million) due to the strengthening of the rupiah against the U.S.

Telkomsel responds

Telkomsel responds I refer to the letter Adventures with kartu Halo by Mr. Santoso N. in The Jakarta Post of July 26, 1999. We are grateful for your challenging input and we also want to show our appreciation for your loyalty and trust in using our Telkomsel GSM services for three years.

Habibie's unappreciated address

Habibie's unappreciated address Why is the public indifferent to the President's recent state- of-the-nation speech? Most probably because there is a gap between the priorities Habibie and the people in his immediate surroundings are setting and the actual problems that are occupying people's minds.