Indonesian Political, Business & Finance News

Archive: 21 August 1999

57 articles found

Angry mobs attack in Kebumen

Angry mobs attack in Kebumen SEMARANG: An angry crowd of some 1,000 people in Kebumen went on a rampage on Thursday, vandalizing the Sruweng Police station and setting a motorbike on fire because they wanted to get their hands on three detainees they accused of causing unrest.

Office space demand predicted to rise in 2001

Office space demand predicted to rise in 2001 JAKARTA (JP): The demand for office space in the capital may increase in 2001 if the country's social, political and economic stability returns as expected, leading property consultant PT Procon Indah/Jones Lang LaSalle has said.

CDC enters oil palm sector

CDC enters oil palm sector JAKARTA (JP): The UK venture capital Commonwealth Development Corporation (CDC) signed on Thursday a US$32 million investment agreement with local palm oil processing and plantation company PT Harapan Sawit Lestari.

Quiet revolution in Southeast Asia

Quiet revolution in Southeast Asia This is the second of two articles 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...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 20, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 325 25 43,500 Alumindo Light...

Gus Dur serious about presidential bid, Amien says

Gus Dur serious about presidential bid, Amien says JAKARTA (JP): Muslim leader and founder of the National Awakening Party (PKB) Abdurrahman "Gus Dur" Wahid reiterated on Friday his willingness to be nominated as the country's next president by a group of Muslim-based parties popularly called the...

Telkom turns $215 million profit in the first semester

Telkom turns $215 million profit in the first semester JAKARTA (JP): State-owned telecommunications company PT Telkom announced on Friday unaudited net income of Rp 1.47 trillion (US$215.01 million) in the first semester, compared to its net loss of Rp 1.17 trillion in the same period last year.

Forest fires in Sumatra increase

Forest fires in Sumatra increase JAKARTA: Forest fires in South Sumatra have again flared up following several days of cessation due to heavy rains, Minister of Forestry and Plantations Muslimin Nasution told Antara on Thursday.

KL to boost food output

KL to boost food output KUALA LUMPUR (AFP): Malaysia will increase food production to keep inflation low as the economy shows signs of recovery, the official Bernama news agency said Friday."The government intends to reduce the inflation to its lowest level, if possible to zero percent," said...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Charity Action: Pictures of Indonesia, by Dullah, S. Sudjojono, Trubus, etc., at Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta (Phone: 2311234), 11 a.m. to 8 p.m., Aug. 21.

SEA Games defeat to be studied

SEA Games defeat to be studied JAKARTA (JP): Chairman of the National Sports Council (KONI), Wismoyo Arismunandar, said Friday that KONI would hold a special meeting on Tuesday to evaluate athletes' poor performances in the 20th Southeast Asian (SEA) Games last week.

YLKI demands government's action on bad pudding

YLKI demands government's action on bad pudding JAKARTA (JP): A senior consumer protection advocate called on the government on Friday to inspect the distribution and sales of some imported chocolate pudding suspected to have poisoned more than 30 children in the past few days.

Hoolywood's 'Afterglow', locally made 'Sri' worth a look

Hoolywood's 'Afterglow', locally made 'Sri' worth a look JAKARTA (JP): What makes a good film? We wish not to answer this age-old question. Rather, we would like to use our very subjective evaluations of the films that are running at the local cinemas to help our readers make that difficult...

Global indexes

Global indexes Close Date Net Changes 1 Day 1999 New York (DJIA) 10963.84 8/19 -27.54 -0.25% +19.41%London (FTSE 100) 6157.60 8/20* +39.60 +0.65% +4.67%Tokyo (Nikkei 225) 18098.11 8/20 +218.37 +1.22% +30.75%Hong Kong (Hang Seng) 13566.74 8/20 +163.15 +1.22% +35.01%Singapore (Straits Times) 2087.

Pick of the Flicks

Pick of the FlicksHollywood KC: The Mummy 14:15 16:55 19:05 21:15 Entrapment 14:55 17:35 19:45 21:55 Sri 14:15 16:55 19:05 21:15 Thick As Thieves 14:55 17:35 19:45 21:55 Blast From The Past 14:15 16:55 19:05 21:15Midnight Show: The Mummy 23:25 Entrapment 24:00 War Lock 3 23:25 Mid Summer Night...

Marselli's 'Sri': A glimpse of the modern Javanese woman

Marselli's 'Sri': A glimpse of the modern Javanese womanBy Rayya Makarim JAKARTA (JP): During the production of his first feature film, Marselli Sumarno suggested an artistic wave on a grand scale. Since then Indonesian cinema has enjoyed a moment of glory when films made by local directors made...

Rural sociologist dead at 62

Rural sociologist dead at 62 YOGYAKARTA (JP): Sociologist and advocate for the poor Loekman Soetrisno, 62, died of a suspected heart attack on Friday.Known for his research on rural conditions in Java, the professor from Gadjah Mada University in Yogyakarta collapsed at about 2:30 p.m.

165 babies die hungry this month

165 babies die hungry this month JAKARTA (JP): A total of 165 malnourished babies have died this month due to hunger-related diseases, according to State Minister of Food and Horticulture A.M. Saefuddin.

Wiranto pledges to pardon separatist rebels in Aceh

Wiranto pledges to pardon separatist rebels in Aceh JAKARTA (JP): Minister of Defense and Security/Indonesian Military (TNI) chief Gen. Wiranto offered on Friday a general amnesty to separatist rebels in Aceh in exchange for an end to their guerrilla war.

Malioboro values vendors: Survey

Malioboro values vendors: Survey YOGYAKARTA: The Indonesian Muslim Students Association (HMI) and activists of the Citra Mandiri Foundation urged the local administration not to evict the ubiquitous street vendors from Jl. Malioboro, the city's most popular avenue.

PPD II won't sign decree

PPD II won't sign decree TANGERANG (JP): Forty-four members of the Tangerang Regional Elections Committee (PPD II) have refused to sign a decree endorsing the appointment of legislators elected in the June polls.

Newcrest suspends operation

Newcrest suspends operation MELBOURNE (Dow Jones): Australia's Newcrest Mining Ltd. said Friday that it has temporarily suspended production at the Gosowong gold project in Indonesia because of unrest at villages about 30 kilometers away."None of this unrest has involved the minesite in any way.

Candies seized as children fall ill

Candies seized as children fall ill DENPASAR, Bali: Klungkung Police seized some 22,000 candies suspected to be causing severe food poisoning among children in seven elementary schools. One of the ill children was the son of Klungkung Police chief Lt. Col. Happy Kartika.

Japan's aid for East Nusa Tenggara

Japan's aid for East Nusa Tenggara KUPANG, East Nusa Tenggara: The Japanese government through the Overseas Economic Cooperative Fund (OECF) has allocated Rp 195 billion for irrigation and clean water projects in East Nusa Tenggara, Antara said on Friday.

Tarub appointed DPA deputy chief

Tarub appointed DPA deputy chief JAKARTA: Former chief of the Army Strategic Reserves Command (Kostrad) Lt. Gen. (ret) Tarub was elected the new deputy chief/head of the security and defense commission of the Supreme Advisory Council (DPA) on Friday, Antara reported.Tarub replaces Lt. Gen.

Locusts may hit East Kalimantan

Locusts may hit East Kalimantan SAMARINDA, East Kalimantan: Officials have warned of a locust attack on rice fields in the dry season which begins in September and may last until January 2000, Antara reported on Friday.

A misguided threat

A misguided threat Here is why the Nobel Peace Prize is awarded, according to the chairman of the selection committee: It rewards those who "have peace rooted in their hearts and who work to overcome the evil principle in man".

Armed Falintil commemorates 24th anniversary

Armed Falintil commemorates 24th anniversaryBy Ridwan Max Sijabat and Lorenco Vicente Martins WAIMURI, Viqueque (JP): Over 20,000 people celebrated the 24th anniversary of East Timor's main armed separatist group, Falintil, in a ceremony here on Friday.

Usmar Ismail screens films by teenagers

Usmar Ismail screens films by teenagers JAKARTA (JP): What happens when you get 44 eager teenagers armed with a video camera? They will make films, of course. Some kids did even better. They participated in the three-week film workshop held at the Usmar Ismail Film Center begun on Aug. 1.

U.S. congressmen warn Indonesia on poor East Timor security

U.S. congressmen warn Indonesia on poor East Timor security JAKARTA (JP): A failure by the Indonesian government to maintain security in East Timor prior to and during the Aug. 30 direct ballot could damage its ties with the United States, U.S. congressmen said on Friday.

Bank Bali's conversion rates on Aug. 20, 1999:

Bank Bali's conversion rates on Aug. 20, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,280.00 7,400.00 7,280.00 7,430.00Australian dollar 1 4,625.60 4,739.60 4,600.00 4,764.00Austrian schilling 1 559.94 573.95 - -Belgian franc 1 191.00 195.

Philippines lodges protest with KL

Philippines lodges protest with KL MANILA (AFP): The Philippines lodged a protest with Kuala Lumpur on Friday over the construction of Malaysian structures on a South China Sea reef claimed by both countries, officials said.

Anwar says he is not a traitor

Anwar says he is not a traitor KUALA LUMPUR (AFP): Malaysia's ousted deputy premier Anwar Ibrahim on Friday said he was not a traitor for threatening to expose secrets documents allegedly showing government corruption.

More victims reported in Ambon violence

More victims reported in Ambon violence AMBON, Maluku (JP): One man died and two were rushed to Haulusi General Hospital in Ambon on Friday after being shot, a hospital staff member said.The employee told The Jakarta Post that Kalfin Rahangkelan, 38, died of a gunshot wound to the head while Rikard...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Program 9:00 Music 9:30 TV Series: The Saint 10:30 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Sports 4:00 Regional News 4:30 English Lessons 5:00 Cultural Program 5:30 TV Drama 6:00 Sports 6:30 News (in...

Old City Hall was witness to history

Old City Hall was witness to historyBy Ida Indawati Khouw Old Batavia is no less attractive than metropolitan Jakarta. However, many of the area's finest buildings have been demolished, neglected, poorly refurbished or are poorly managed.

Bambang, Glenn urged to resign

Bambang, Glenn urged to resign JAKARTA (JP): The ruling Golkar Party urged on Friday that President B.J. Habibie dismiss Minister of Finance Bambang Subianto and chairman of the Indonesian Bank Restructuring Agency (IBRA) Glenn S. Yusuf over the high-profile Bank Bali scandal.

Jakarta Fair '99 not only for business

Jakarta Fair '99 not only for business JAKARTA (JP): Jakarta Fair 1999 has opened an opportunity not only to promote business but also to increase public awareness on various social issues.A large number of visitors was always the reason traders and industrialists participated in the annual event.

High school student killed by bus

High school student killed by bus JAKARTA (JP): A high school student on his way to school was run over early Friday morning by a speeding minibus on Jl. Pondok Gede, East Jakarta.Ponco Winoto, 17, was rushed to the nearby Haj Hospital, but died upon arrival.

Indonesia pursues bid to host 2006 Asian Games

Indonesia pursues bid to host 2006 Asian Games JAKARTA (JP): The country is refusing to drop its proposal to host the 2006 Asian Games despite pressure from neighboring Malaysia, which is also bidding for the event.

Metro marks Independence Day

Metro marks Independence Day JAKARTA (JP): Metro department store will commemorate the country's 54th Independence Day at Plaza Senayan in Central Jakarta with traditional dance, fashion shows and a concert.The event, scheduled to start at 2:30 p.m.

Approaches to Aceh

Approaches to Aceh After many circles have noisily questioned the presence of the Crack Mass Riot Troops (PPRM), there is now a new idea to settle the issue of Aceh. As with the strong suggestions that the security apparatus should be withdrawn, many people have now voiced structural and cultural...

Batavia madrigal choir does its best

Batavia madrigal choir does its bestBy Gus Kairupan JAKARTA (JP): Time was when in this country the choir singing scene was largely dominated by church choirs; groups, that is, who would get top marks for their enthusiasm in praising the Almighty, but when it comes to the esthetics of music...

Teaching must not thwart learning

Teaching must not thwart learning This is in reference to Prof. Bambang Sutjiatmo's comment at the recent commencement of Open University in Bandung. He said that a good teacher should be able to create a learning atmosphere to make his students active and creative without fear of making errors or...

Another suspicious policy

Another suspicious policy Up until late last week, the authorities appeared to be closed-minded to demands of the restive people of Aceh that the high-handed Crack Riot Troops (PPRM) be withdrawn from their province.

Attorney General to probe Hokiarto's role in Goro case

Attorney General to probe Hokiarto's role in Goro case JAKARTA (JP): A former Bank Bukopin director of commercial affairs, Noval Hasan, will be questioned on Monday at the Attorney General's Office in connection with the alleged role of businessman Hokiarto in the Goro land exchange scam.

China, Korea miss Indonesia Open

China, Korea miss Indonesia Open JAKARTA (JP): China and South Korea will definitely skip the Sanyo Indonesia Open badminton championships in Denpasar, Bali, next month after both countries failed to register their athletes before the deadline on Aug. 16.

BI launches new fund transfer operation

BI launches new fund transfer operation JAKARTA (JP): Bank Indonesia (BI) officially launched on Friday an electronic clearing and settlement facility in a bid to speed up interbank transactions.The central bank's deputy governor, Aulia Pohan, said that with the BI-Line facility, all transfers of...

Akbar claims firm support in Golkar

Akbar claims firm support in Golkar JAKARTA (JP): Golkar chairman Akbar Tandjung brushed aside reported attempts by detractors to unseat him saying he still had solid support from at least 19 of 27 provincial chapters.

Pasar Baru set to become new tourist spot

Pasar Baru set to become new tourist spot JAKARTA (JP): The Pasar Baru shopping complex, one of the city's oldest markets, is currently being revitalized to become the city's premier shopping location designed especially for tourists.

China won't devalue yuan

China won't devalue yuan BEIJING (Dow Jones): Malaysia Prime Minister Mahathir Mohamad said Friday that China's leaders were "adamant" about not devaluing the Chinese currency, and that they agreed with him about the need for more scrutiny and checks in Asia's new financial system.

Sutiyoso rejects councilors' request

Sutiyoso rejects councilors' request JAKARTA (JP): Governor Sutiyoso rejected on Friday a request for severance payments proposed by 75 outgoing councilors to cover personal debts at city-owned Bank DKI.

CMNP and Cibinong trading halted

CMNP and Cibinong trading halted JAKARTA (JP): The Jakarta Stock Exchange (JSX) suspended on Friday trading on shares of PT Citra Marga Nusaphala Persada (CMNP) and PT Semen Cibinong.The trading on Citra Marga Nusaphala Persada was suspended until the company disclosed the status of its US$70...

Seat allocation protested

Seat allocation protested BOGOR (JP): Three groups held a protest on Wednesday during the Bogor Council's inauguration ceremony, accusing some new members of manipulating the number of legislative seats.

Walhi to decide on MPR seat next week

Walhi to decide on MPR seat next week JAKARTA (JP): The Indonesian Environmental Forum (Walhi) is yet to decide whether or not to accept a seat in the People's Consultative Assembly (MPR) as one of the interest group representatives, who will play an important role in the coming presidential...

Arts event at Fatahillah square

Arts event at Fatahillah square JAKARTA (JP): Communities of Betawi, Arabs, Indians and Chinese in the capital are expected to show cultural performances and traditional food during a four-day event at the Taman Fatahillah square of the Jakarta Historical Museum in downtown Kota beginning on Sunday...

Murder retrial gets military support

Murder retrial gets military support SURABAYA (JP): East Java Military chief Maj. Gen. Ryamizard Ryacudu has promised to support those seeking a fresh inquiry into the 1993 murder of labor activist Marsinah, provided the campaign was not meant to be a "political ploy".