Indonesian Political, Business & Finance News

Archive: 25 August 1999

50 articles found

PT Paiton denies marking up prices at power plant

PT Paiton denies marking up prices at power plant JAKARTA (JP): PT Paiton Energy Company, which is building the Paiton I power plant in Probolinggo, East Java, denied on Tuesday charges of mark-up practices leveled by state electricity company PT Perusahaan Listrik Negara (PLN).

Officials get tough on children jockeys

Officials get tough on children jockeys JAKARTA (JP): The streets became emotional on Tuesday as local government officials took into custody children jockeys, some of whom burst into tears as they were led away by officials.

Water in Tual contaminated

Water in Tual contaminated TUAL, Maluku: Water consumed by 25,526 refugees seeking shelter from violence in their villages has been found to be contaminated, Antara reported on Tuesday.The refugees have stayed on the islands in Southeast Maluku since March.

Dewi advises Habibie to clear his name

Dewi advises Habibie to clear his name JAKARTA (JP): President B.J. Habibie must immediately clear his name and take firm action against people around him who are involved in the Bank Bali scandal, his senior adviser said on Tuesday.

Prabowo faces jail over heroin

Prabowo faces jail over heroin JAKARTA (JP): A prosecutor demanded on Monday that the Central Jakarta District Court sentence a man to one year in jail for possession of 2.52 grams of heroin.Prosecutor Fahrur Rozy told the court, presided over by judge Hupojo, that police arrested A.D.A.

Military to support Megawati, Winters says

Military to support Megawati, Winters says SEMARANG (JP): Political observer Jeffrey Winters expressed his optimism on Tuesday that the Indonesian Military (TNI) would eventually support, and thus ensure, Megawati Soekarnoputri for the next presidency.

Indonesian shuttlers target two titles in Singapore Open

Indonesian shuttlers target two titles in Singapore Open JAKARTA (JP): The Badminton Association of Indonesia (PBSI) is banking on its shuttlers taking the men's singles and men's doubles in the US$150,000 Konica Cup Singapore Open, which starts Wednesday.

Public needs to take part in city planning

Public needs to take part in city planningBy Hayati Sari Hasibuan JAKARTA (JP): The Jakarta provincial legislative council endorsed a new bylaw on city planning on July 28, 1999, stipulating stricter control of land use to ensure adequate green areas in the capital.

Indonesia shines in schools swimming c'ship

Indonesia shines in schools swimming c'ship JAKARTA (JP): Indonesia's young swimmers beat out Thailand from atop the medal tally on Tuesday during the second day of the three-day 4th ASEAN Schools Swimming Championship.Host swimmers racked up nine golds, nine silvers and three bronzes.

Military repeating old mistakes in Aceh: Researcher

Military repeating old mistakes in Aceh: Researcher YOGYAKARTA (JP): A continued military presence in Aceh will not only fail to end violence and terror, but will even worsen human rights abuses and prolong people's sufferings there, a researcher said.

Hashim denies Semen Cibinong missing millions

Hashim denies Semen Cibinong missing millions JAKARTA (JP): Tycoon Hashim Djojohadikusumo denied on Tuesday a report that US$250 million disappeared from the books of publicly listed cementmaker PT Semen Cibinong.

PT Astra CMG Life set for expansion

PT Astra CMG Life set for expansion JAKARTA (JP): Joint venture PT Astra CMG Life plans to acquire up to 10 local life insurance companies in its expansion strategy.Company president Steve Heald said on Tuesday the deals were still in negotiation but were expected to be finalized by the end of the...

UN, government disagree over ballot observers

UN, government disagree over ballot observers DILI, East Timor (JP): Indonesia and the United Nations Mission in East Timor (UNAMET) are at odds over the presence of a number of local poll observers here ahead of the Aug. 30 self- determination vote.

Fit to drink?

Fit to drink? I went to Hero Supermarket on Jl. Sultan Agung in Jakarta on Aug. 20 and bought two bottles of Evian mineral water for my own consumption.I opened one of the bottles and drank a little. I felt some salty particles on my tongue.

Fund constraints, training blamed for SEA Games fiasco

Fund constraints, training blamed for SEA Games fiasco JAKARTA (JP): Financial problems, lack of tryouts and short training periods were blamed as the main factors for Indonesia's disappointing show at the just-concluded 20th Southeast Asian (SEA) Games at a National Sports Council (KONI)...

Estrada seeks for end to row over constitution

Estrada seeks for end to row over constitution MANILA (Agencies): Philippine President Joseph Estrada appealed to his critics on Tuesday to set aside their opposition to his proposal to change the constitution, but said he would bow to the will of the majority.

85 new councilors to begin duties

85 new councilors to begin duties JAKARTA (JP): Inheriting the problems left by their predecessors, 85 new city councilors will officially begin performing their legislative duties on Wednesday morning.

RI starts campaign for ASEAN investors

RI starts campaign for ASEAN investors SINGAPORE (AFP): Indonesia launched a campaign Tuesday to lure Southeast Asian investors despite lingering political and economic concerns about the crisis-hit nation.

Low-cost dialysis treatment in Bogor

Low-cost dialysis treatment in Bogor BOGOR (JP): Dialysis treatment center Rialex Tanudjiwa has opened to offer cheap treatment for patients with kidney. The treatment costs Rp 350,000 per session, which is 30 percent lower than the average price."We care about kidney failure patients.

TNI criticized for 'violence culture'

TNI criticized for 'violence culture' JAKARTA (JP): Continuing violence and public rallies throughout the country are clear proof that the Indonesian Military (TNI) and the police have a strong culture of violence, a group of government critics have said.

Travel ban expires on bank scandal suspects

Travel ban expires on bank scandal suspects JAKARTA (JP): The 14-day travel restriction slapped on key suspects in the Bank Bali interbank debt scandal has expired, with no requests made to the Attorney General's Office to extend the ban.

Presidential nomination of Mega

Presidential nomination of Mega Mr. Huub Neys (The Jakarta Post, July 22, 1999) from Maastricht, the Netherlands, reacted to my views in this column instead of telephoning me in Amsterdam. He says he dreams about Indonesia and wants to help these dreams come true.

Man arrested for killing wife

Man arrested for killing wife BOGOR (JP): Forty-five-year-old Agus bin Karta reportedly confessed on Tuesday to killing his second wife Lilis, 35, whose body was found in a ditch near their house in Leuwiliang subdistrict in Bogor on Saturday morning, police said.Bogor Police chief Lt. Col.

Hermes now in the hands of Park Office

Hermes now in the hands of Park Office JAKARTA (JP): The city Public Works Office handed over to the Park Office on Tuesday the statue of the Greek god Hermes, which was reported missing, after keeping it for four days at the office's headquarters.

Cambodia gears for AFTA

Cambodia gears for AFTA PHNOM PENH (Reuters): Cambodia is committed to cutting tariffs in line with ASEAN Free Trade Area (AFTA) requirements and is making progress in reducing reliance on import taxes, Minister of Commerce Cham Prasidh said on Tuesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 24, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 275 -50 34,000 Alumindo Light...

Mentari Satelindo

Mentari Satelindo As Mentari Satelindo subscriber, I am experiencing difficulty in the limited availability of Mentari cards.Of late it has been very hard to obtain Rp 100,000 cards to refill my account, even at official outlets. They only have Rp 250,000 cards and up.

Conversion Rates

Conversion RatesBank Bali's conversion rates on August 24, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,625.00 7,725.00 7,625.00 7,755.00Australian dollar 1 4,825.00 4,926.00 4,800.00 4,951.00Austrian schilling 1 575.29 587.63 - -Belgian franc 1 196.

Malaysia invading Spratlys: Manila

Malaysia invading Spratlys: Manila MANILA (AP): Structures recently built by Malaysia in disputed areas of the South China Sea include facilities with military purposes, a Philippine official said on Tuesday.

American wanted in Philippines arrested in Jakarta

American wanted in Philippines arrested in Jakarta JAKARTA (JP): Officers from Interpol's National Central Bureau and detectives from the National Police have arrested a 54-year- old American following a request from Interpol in Manila, the Philippines.

Bakrie to seal debt deal

Bakrie to seal debt deal SINGAPORE (Dow Jones): Indonesia's Bakrie & Brothers said it expects to seal a deal with creditors to restructure US$1.2 billion in debt by the end of September, the company's chairman, Aburizal Bakrie, said Tuesday.

GDP growth in 1999/2000 predicted at 2-4%

GDP growth in 1999/2000 predicted at 2-4% JAKARTA (JP): State Minister and Chairman of the National Development Planning Board (Bappenas) Boediono forecast on Tuesday that the economy would grow by between 2 percent and 4 percent in the current fiscal year ending in March 2000.

Kontras objects to new TNI commands

Kontras objects to new TNI commands JAKARTA (JP): The planned establishment of new military commands across the country will only serve to increase the potential for violence and the helplessness of the bureaucracy, an activist said on Tuesday.

Documentary on Islam set to speak to uninformed West

Documentary on Islam set to speak to uninformed WestBy Mehru Jaffer NEW YORK (JP): The possibility that Megawati Soekarnoputri, recently declared the most popular leader by voters, may still not make it to the top job in Indonesia is a puzzle to most Americans.

Indonesia urged to form body to protect rights of minority shareholders

Indonesia urged to form body to protect rights of minority shareholders JAKARTA (JP): The World Bank urged the Indonesian government on Tuesday to form an independent body to protect the minority shareholders of publicly listed companies.

Farmers meet in Kedungombo

Farmers meet in Kedungombo YOGYAKARTA: Farmers from Yogyakarta and the southern part of Central Java gathered for a regional congress in the disputed area of Kedungombo, Sragen, on Tuesday.The congress aims at setting up the founding of a farmers' organization, an advocate of the farmers said.

Time for introspection

Time for introspection The Bank Bali scandal continues to grab the attention of our national media, which continues to give it considerable coverage, while the end of the affair continues to be nowhere in sight.

30 detained in Vietnam drug haul

30 detained in Vietnam drug haul HANOI (AP): Police said on Tuesday they have detained 30 people, including police and government employees, for alleged involvement in Vietnam's biggest drug-trafficking ring.One man confessed he had smuggled 272.

Auditing Bank Indonesia

Auditing Bank Indonesia For the first time since the central bank became an autonomous monetary authority in mid-May by virtue of Law No. 23/1999 on Bank Indonesia, the institution may have to surrender itself to a special audit by another independent organization, PricewaterhouseCoopers, one of...

In a major haul, police confiscate Rp 2 billion in drugs

In a major haul, police confiscate Rp 2 billion in drugs JAKARTA (JP): Police confiscated on Monday evening over 5.5 million sedative pills from five people in a raid in North Jakarta, an officer said on Tuesday.City police detectives chief Col.

Local television stations fight for top spot

Local television stations fight for top spotBy Antariksawan Jusuf JAKARTA (JP): Gone are the days when the first Indonesian private network, RCTI, enjoyed all the attention in terms of ratings and station popularity. Since its establishment in 1989, RCTI has always been number one.

Shooting range in Malang praised

Shooting range in Malang praised MALANG, East Java: The Brawijaya Military Command has the best shooting range in the country, commander Maj.Gen. Ryamizard Ryacudu said on Tuesday.Antara reported that he was officially opening the new facility in Bedali village, Lawang district.

Smoke, but little fire, to draft bill

Smoke, but little fire, to draft bill JAKARTA (JP): It is hard to avoid the pervasive presence of cigarettes. Or, for all the best intentions, to resist the urge to light up. Take a walk in a local shopping mall, and attractive young women bearing branded merchandise and dressed in miniskirts offer...

MAL's ISO9000 certifications now accredited by UK company

MAL's ISO9000 certifications now accredited by UK company JAKARTA (JP): PT Mutuagung Lestari (MAL), which issues standard certification to companies, said on Tuesday that its ISO9000 certification for quality management was now accredited by the United Kingdom Accreditation Services (UKAS).

Caltex joins Principal

Caltex joins Principal JAKARTA (JP): Approximately 5,000 employees of PT Caltex Pacific Indonesia have joined Principal Indonesia's pension program, Principal's managing director Doug Rasmussen said on Tuesday.

Nokia opens new sales outlet

Nokia opens new sales outlet JAKARTA (JP): The Finland-based cellular telephone producer, Nokia, opened on Tuesday its new one-stop sales and service center at Jakarta's biggest electronic and cellular phone market, Roxy Mas in West Jakarta.

Referees accused of biased judging

Referees accused of biased judging JAKARTA (JP): Four pencak silat referees from Malaysia, Brunei Darussalam and the Philippines have been accused of making unfair decisions during the 20th Southeast Asian (SEA) Games two weeks ago, an Indonesian official said on Tuesday.

Group warns of new crisis if political conflicts continue

Group warns of new crisis if political conflicts continue JAKARTA (JP): The Econit Advisory Group warned on Tuesday that Indonesia could plunge into a deeper economic crisis if the country's warring political sides did not end conflicts.

WB threatens to withhold aid

WB threatens to withhold aid JAKARTA (JP): The World Bank threatened on Tuesday to halt funding for Indonesia if the investigation into the Bank Bali scandal was not concluded swiftly and satisfactorily.

Araujo warns of bloodshed in East Timor

Araujo warns of bloodshed in East Timor Dili, East Timor (JP): An East Timorese leader predicted there would be a bloodbath here regardless of the outcome of the Aug. 30 self-determination vote."The postballot period will be very crucial because neither of the conflicting factions will accept...