Indonesian Political, Business & Finance News

Archive: 24 August 1999

47 articles found

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 23, 1999: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 325 0 0 Alumindo Light Metal 1,100 0 0 Aneka Kimia Raya 400 0 0 Aneka Tambang (Persero) 1,500 -25 2,216,500 Anwar Sierad 250 0 0 APAC Centertex Corp.

KPU forms team to end row over seats allocation

KPU forms team to end row over seats allocation JAKARTA (JP): The General Elections Commission (KPU) formed a team on Monday to formulate a decree on allocation of 120 remaining House of Representatives seats in a last ditch effort to settle months of fighting over vote-sharing agreements between eight Muslim-based parties.

Two die in crash on Bogor toll

Two die in crash on Bogor toll BOGOR (JP): Two people died and two others were in a critical condition after a car slid and crashed at Jagorawi toll road in Cimanggis subdistrict here on Sunday. The two fatalities, identified as Jesi and Indah, reportedly died instantly and their bodies were brought to PMI Hospital in Bogor. The two injured victims, Bertha and Linda, were taken to UKI Hospital in Cawang, East Jakarta, for further treatment.

KONI to study Indonesia's poor showing at SEA Games

KONI to study Indonesia's poor showing at SEA Games JAKARTA (JP): The National Sports Council (KONI) will look for reasons behind poor performances in the 20th Southeast Asian (SEA) Games in Brunei Darussalam this month at a special meeting on Tuesday. KONI has invited representatives from 50 sports organizations, House Commission VII for education, religion, sport and youth affairs, KONI regional offices and staff from the Ministry of Youth Affairs and Sports.

Too light a punishment

Too light a punishment The Bank Bali scandal is still being investigated and in this respect, the government does not seem to be making a serious effort to settle this case once and for all in a just and transparent manner. On a smaller scale, this case will be paralleled by a case of looting of customers' premium totaling Rp 410 billion from the Military and Police Insurance (ASABRI), alleged to have involved a high-ranking army officer (Bisnis Indonesia, Aug. 19, 1999).

Probe on Soeharto to be announced soon

Probe on Soeharto to be announced soon JAKARTA (JP): President B.J. Habibie is to announce on Thursday his decision regarding the sluggish investigation into former president Soeharto's alleged corruption, State Secretary/Minister of Justice Muladi revealed on Monday. "There will be a final decision on Thursday," Muladi announced.

Indonesia set no target in swim meet

Indonesia set no target in swim meet JAKARTA (JP): The country has no gold medal target for the fourth ASEAN Schools Swimming Championship at Senayan despite the presence of seven team members from the 20th Southeast Asian (SEA) Games in Brunei Darussalam. Team manager Marhot Harahap said the swimmers only wanted to do their best in the event, which has 42 swimmers competing from Brunei Darussalam, Malaysia, Thailand, Vietnam and Indonesia. "I don't want to talk about a medal target.

No pardon for Thai smugglers

No pardon for Thai smugglers JAKARTA: Three Thai nationals on death row inhabiting a North Sumatra jail were not among the 17,361 convicts across the country who had been granted a government pardon in commemoration of Indonesia's 54th Independence Day. "The three convicts are Saelan Prasad, 52, Ayodiya Prasad Combay, 53, and Namsong Sirlak, 23," the official in charge of prison affairs Mintarjo told Antara over the weekend.

Activists call for world attention on Aceh violence

Activists call for world attention on Aceh violence JAKARTA (JP): A leading human rights activist in Aceh called on the international community not to turn a blind eye to the violence in the troubled province. "We call on the United Nations (UN) to put pressure on the Indonesian government to cease phase II of its genocidal practices being carried out in Aceh," Otto Syamsuddin Ishak said in his statement, a copy of which was made available to The Jakarta Post on Monday.

Bank NISP plans bond issue to boost lending

Bank NISP plans bond issue to boost lending JAKARTA (JP): Publicly listed Bank NISP will soon issue bonds worth Rp 500 billion (US$6.6 million) to boost its lending operation. The bank's president, Pramukti Surjaudaja, said on Monday that five-year bonds would be offered to the public between Sept. 17 and Sept. 29. The bonds, which would be listed on the Surabaya Stock Exchange on Oct. 15, would carry fixed and floating interest rates.

SEA Games tennis players share in Rp 150m bonus

SEA Games tennis players share in Rp 150m bonus JAKARTA (JP): The national tennis team from the 20th Southeast Asian (SEA) Games received a bonus of Rp 150 million (US$20,436) from the Indonesia Tennis Association (Pelti) on Monday. Indonesia won two of seven golds on offer in the recently concluded biennial event in Brunei Darussalam. The golds came in the women's doubles and women's team events.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Aug. 23, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

1,010 teachers needed in Banggai

1,010 teachers needed in Banggai LUWUK, Central Sulawesi: At least 1,010 elementary teachers are needed in Banggai district in Central Sulawesi, Antara reported Monday. According to the head of the ministry of education and culture in Banggai, Harly Muma, there were some 60,000 elementary pupils in the district. "But there are only 3,469 teachers available." The shortage of teachers especially hit the islands of Banggai such as Peling island, Sonit island and Lobangkurung island.

Haze covers the country's blue skies again

Haze covers the country's blue skies again With the onset of the dry season, sporadic forest fires, mainly in Kalimantan and Sumatra, have resulted with atmospheric haze affecting the country and again spreading to neighboring countries. The Jakarta Post's photographer Arief Suhardiman S. visited Palembang, South Sumatra from Aug. 11 to Aug. 12 at the invitation of the Forest Fire Prevention and Control Project.

Second round threat to democracy

Second round threat to democracy By Sidesh Kaul JAKARTA (JP): As Indonesia awaits the outcome of its second democratic election since independence (the first democratically held election was in 1955), the aspirations of the people assume frightening proportions. Much is expected out of the new leadership that will be decided in November and the burden of performance is enormous.

Banks need more than recapitalization: Expert

Banks need more than recapitalization: Expert JAKARTA (JP): The government-sponsored bank recapitalization program will do little to right the country's ailing banking sector if no measures are imposed to force the banks to operate more professionally, a noted German banking expert said on Monday.

Fired worker gets promoted

Fired worker gets promoted KUDUS, Central Java: About 1,000 workers of cigarette manufacturer PT Djarum Kudus demanded on Monday that the company reinstate one of the supervisors. The workers staged a protest since 5:30 a.m. until noon. "We want our supervisor, Slamet Sidik back. He is kind and always defends our interests," Lasmini, one of the protesters, said. The group said they would resume work only if Slamet was reinstated.

Gen. Wiranto defends state security bill

Gen. Wiranto defends state security bill JAKARTA (JP): Minister of Defense Gen. Wiranto deflected accusations on Monday that his office was seeking to grant excessive power to the government and the Indonesian Military when it drafted the controversial bill on state security now under deliberation in the House of Representatives.

Counterfeiters may get jail terms

Counterfeiters may get jail terms JAKARTA (JP): Prosecutors demanded on Monday that two staff at the State Secretariat be sentenced to six years in jail for allegedly forging documents to facilitate the import of goods belonging to a Spanish citizen.

Golkar youth chief murdered

Golkar youth chief murdered PEKANBARU, Riau: Syafli Tandjung, chairman of the local chapter of Pemuda Pancasila, known as the youth wing of the Golkar Party, was shot dead by an unidentified person on Sunday, Riau police spokesman S. Pandiangan said. Pandiangan, however, refused to elaborate on the murder. "Pekanbaru police detectives along with Riau provincial police officers are gathering information on the murder case," he said.

Bank Ekspor to channel loans via other banks

Bank Ekspor to channel loans via other banks JAKARTA (JP): The newly established state Bank Ekspor Indonesia (BEI), which will start operation on Sept.1, will channel its loans through appointed commercial banks, the bank's executive said here on Monday. At the bank launch, BEI's president Bambang Hendrajatin told the media that the new bank, founded by the government especially to assist export-oriented companies, would allocate around US$100 million in loans a month.

Councilors unhappy with historic site demolition

Councilors unhappy with historic site demolition JAKARTA (JP): City councilors expressed their disappointment on Monday over the demolition of the back part of the heritage listed Antara building on Jl. Antara in Central Jakarta.

Hotel occupancy rates 'continue to decline'

Hotel occupancy rates 'continue to decline' JAKARTA (JP): In spite of falling rental rates, virtually all property sectors showed declining occupancy rates in the second quarter of 1999. The only exception was the retail sector, according to property services company FPDSavills. Occupancy rates for apartments and hotels continued to decline while office space occupancy was stable, according to the latest FPDSavills' Jakarta Property Briefing.

Dragons dance in Tangerang

Dragons dance in Tangerang TANGERANG (JP): After a 25-year absence, the traditional barongsai dragon dance regained its fame here on Sunday when city residents reintroduced the popular Chinese dance to mark the country's 54th Independence Day. Thousands of people from all walks of life thronged Jl. Kisamaun to watch the show, performed by Chinese dance groups such as Boen Tek Hio and Green Dragon Lion Dance.

S'pore avows to become 'first-world' economy

S'pore avows to become 'first-world' economy SINGAPORE (AFP): Prime Minister Goh Chok Tong said Sunday the government wanted to transform Singapore into a "first-world economy" and a "world-class home" to remain competitive in the next millennium. Speaking to government and community leaders at a parade to mark Singapore's 34th year of independence, he said local companies would be nurtured to world-class level via strategic alliances with key players.

Women presidential candidates

Women presidential candidates From Kompas According to recent media reports, intellectuals -- especially men -- got the jitters with the emergence of a woman who was nominated a presidential candidate. The reason was unclear, but they looked quite furious. Under the pretext of religion, they opine publicly that women are not suitable and do not have the capacity of being a president/head of state. What they are doing is none other than degrading women.

Four-year-old girl raped by neighbor

Four-year-old girl raped by neighbor JAKARTA (JP): Kebayoran Baru police in South Jakarta have arrested a 19-year-old man suspected of raping and molesting a four-year-old girl in his house on Jl. Pandan in Kramat Pela subdistrict, an officer said on Monday. Kebayoran Baru Police chief Maj. Sudjatmo said the suspect, identified as Hasan Basri, was arrested on Saturday for allegedly raping his minor neighbor.

Demonstrations cannot intimidate me: Estrada

Demonstrations cannot intimidate me: Estrada MANILA (Agencies): Philippine President Joseph Estrada said on Monday he was not intimidated by mounting opposition to his proposal to amend the constitution. "No amount of rallies can intimidate me," Estrada told radio station DZMM, stressing that as the "father of the nation" he was doing the right thing to "uplift the lives of the country's poor." "I will not be intimidated...even if they rally every day," he declared.

Estrada in fight to save economic agenda

Estrada in fight to save economic agenda By Ruben Alabastro MANILA (Reuters): Philippine President Joseph Estrada may find himself under siege soon unless he quickly defuses a political storm stirred up by his proposal to change the constitution, analysts said on Sunday. The first casualty of what is shaping up to be a protracted fight between the former movie actor and a powerful church-led opposition coalition may be his economic agenda, they said.

Insurance scam suspect has one week to return cash

Insurance scam suspect has one week to return cash JAKARTA (JP): Police gave a primary suspect in the alleged Rp 410 billion (US$55.4 million) insurance fraud at the military and police insurer (Asabri) a deadline of until the end of this month to return the money, an officer said on Monday. A National Police source said the suspect, identified as Henri Leo, a wealthy businessman here, would be charged if he failed to meet the deadline. "Strict measures will be taken in this case.

Historically rich Banten eyes tourism for the future

Historically rich Banten eyes tourism for the future JAKARTA (JP): Archipelagic Indonesia was opulent with distinct kingdoms long before the nation became an republic 54 years ago. One of the leading domains was the Kingdom of Banten, notable for its precious remnants of ancient buildings as well as objects of historical significance manifesting the proliferation of Islam in Java.

Government criticized over East Timor

Government criticized over East Timor By Ridwan Max Sijabat and Laurenco Vicente Martins DILI, East Timor (JP): The United Front for East Timor Autonomy (UNIF) criticized the government on Monday for doing too little in the province over the past 23 years. UNIF Chairman Titu Batista told visiting Golkar Party Chairman Akbar Tandjung and his entourage that East Timorese people were disappointed with the present government for its failure to carry out development programs to improve their welfare.

A headache for parents

A headache for parents From Pikiran Rakyat It has become customary now for teachers to engage themselves in business activities, particularly at the beginning of the academic year or the school's four-month shift. They usually "forcefully" sell a stack of school textbooks above the normal price. This is, of course, a headache for parents. I saw a mother sobbing in total confusion while coming out of a school gate of an elementary school in Cibeuning district, Bandung.

Police beat students for flag-burning

Police beat students for flag-burning JAKARTA (JP): Riot police beat nine university students after they burned the flags of the ruling Golkar Party and the United States of America and tried to enter the Merdeka Palace compound on Monday. The youths, who identified themselves as members of Mercu Buana University Students Action Union (KAM-UMB), were taken to police headquarters. The police were yet to issue a statement on the incident as of Monday afternoon.

Indonesia needs self-cleansing, says lawyer

Indonesia needs self-cleansing, says lawyer JAKARTA (JP): After decades of political and economical mismanagement, Indonesia needs to go through a self-cleansing process to purify itself, a noted lawyer said at a discussion on Monday. Todung Mulya Lubis said throughout this time human rights violations were rampant and the interests of the elite got the better of common people. The Rp 546 billion Bank Bali fiasco (US$73 million at the current rate) has tarnished Indonesia's image, he said.

Woman found dead in a gutter

Woman found dead in a gutter BOGOR (JP): A 35-year-old Sukasirna villager, named Lilis, was found dead in a gutter near her house in Leuwiliang subdistrict, Bogor. The police stated that she was found by her nephew on Saturday morning. Lilis had suffered severe head injuries. Her body was taken to PMI Hospital in Bogor for a postmortem examination.

Students poisoned during initiation

Students poisoned during initiation UJUNGPANDANG, South Sulawesi (JP): At least 52 new students of Makasar University here were rushed to the hospital on Monday suffering from food poisoning. "I think our lunch was stale," said one of the 1,500 students taking part in the university's initiation program, referring to the meals provided by the initiation organizers.

Spratly case could go to UN

Spratly case could go to UN MANILA (Reuters): President Joseph Estrada said on Monday the Philippines could take Malaysia's occupation of a disputed reef in the Spratly Islands to the United Nations. Estrada made the statement to reporters in reaction to Manila press reports that Malaysia had ignored a Philippine protest over the issue, a presidential palace statement said. It quoted Estrada as saying: "That's up to them (Malaysia). But at least we have entered our complaint.

Muslim group denies supporting Habibie

Muslim group denies supporting Habibie JAKARTA (JP): A spokesman for the Front for the Defense of Islam (FPI) denied on Monday that the group supported B.J. Habibie for the presidency, which was reported by state-run television station TVRI on Sunday. FPI demanded that TVRI issue a retraction on its 7 p.m. and 9 p.m. news broadcasts on Monday, Mizbah Anam told The Jakarta Post. He said the station mistakenly considered the rally a show of support for Habibie's renomination.

Security first

Security first U.S. senator Tom Harkin is not alone in calling on the United Nations to send a peacekeeping force to East Timor to ensure security during and after the Aug. 30 ballot. At the end of his visit to the territory on Saturday, the Iowa Democrat said he would bring up the proposal with U.S. President Bill Clinton and the United Nations on his return to the U.S. But Harkin's recommendation might as well be a voice in the wilderness as far as the Indonesian government is concerned.

A disavowal of one's citizenship

A disavowal of one's citizenship From Media Indonesia A Jakarta newspaper reported on Aug. 18 about Indonesian nationals -- holders of Indonesian passports -- who have enlisted in Singapore's military draft. It is cause for concern because Indonesia does not recognize dual nationality. It precludes its nationals from joining military service in another country without the permission of the government.

PAL, Lufthansa mull tieup

PAL, Lufthansa mull tieup MANILA (AFP): Philippine Airlines (PAL) and Deutsche Lufthansa AG are discussing a joint cargo service agreement from November 1, the Filipino carrier said Monday. The proposed "block space agreement" will enable the ailing Philippine flag-carrier to regain a foothold in the European market which it abandoned in June 1998 due to the Asian financial crisis, PAL said in a statement.

Hotel workers strike in Bali

Hotel workers strike in Bali TANJUNG BENOA, Bali: Hundreds of hotel workers from Club Bali Mirage, Grand Mirage Resort and Thalasso Spa staged a strike Sunday morning, demanding higher transportation allowances and a health allowance. The employees said they wanted transportation allowance to be increased to Rp 60,000 (US$7.89) per month from the previous Rp 45,000.

Presidency is not everything to me: Habibie

Presidency is not everything to me: Habibie JAKARTA (JP): President B.J. Habibie, facing signs of increasingly shaky Golkar backing for his presidential campaign, strove on Monday to convince the public he would not engage in dirty politics. "Being president is not everything to me," Habibie was quoted as saying by Awaloeddin Djamin, chairman of the National Advisory Council for Education (BPPN), after meeting with the council on Monday at Merdeka Palace.

Parties warn of cop-out in bank scandal

Parties warn of cop-out in bank scandal JAKARTA (JP): Major opposition political parties warned the public on Monday to be on guard for a possible compromise between the government and the House of Representatives to settle the Bank Bali scandal. Secretary-general of the National Mandate Party (PAN) Faisal Basri said a compromise might be attempted to spare high-profile figures from prosecution.

In command in Aceh

In command in Aceh From Pikiran Rakyat In response to many members of the Acehnese community's demand that the Joint Military Police Crack-Mass Riot Troops (PPRM) be withdrawn from the province, Minister of Defense and Security/Indonesian Military (TNI) chief Gen. Wiranto finally assented to their redeployment. Some of the remaining military personnel were posted in different barracks and the other members were given the task of guarding vital sites in the province.

KL's reserves at US$31.9b

KL's reserves at US$31.9b KUALA LUMPUR (AFP): Malaysia's foreign reserves rose to 121.118 billion ringgit (US$31.9 billion) at mid-August from 120.399 billion ringgit at the end of July, the central bank said Monday. Bank Negara Malaysia said total assets and liabilities stood at 149.269 billion ringgit against 148.514 billion ringgit previously.