Indonesian Political, Business & Finance News

Archive: 26 August 1999

55 articles found

Antimonopoly commission to be formed in October

Antimonopoly commission to be formed in October JAKARTA (JP): An independent supervisory commission which will oversee the implementation of the newly introduced antimonopoly law will be formed before the change in the current government, a senior official said here on Wednesday.

East Timor: Vote now, get ready to die later?

East Timor: Vote now, get ready to die later?By Gwynne Dyer LONDON (JP): It worked for Estonia, Latvia and Lithuania in 1991; it seems to be working for East Timor now; and it could even work for Tibet in the future.

Bus owners protest delay in fares hike

Bus owners protest delay in fares hike JAKARTA (JP): The Association of Public Land Transportation Owners (Organda) said it would mobilize its drivers for a street demonstration if the city's administration failed to promptly decide on a hike in bus fares.

New mart woos shoppers to city center

New mart woos shoppers to city center JAKARTA (JP): Customers have begun to flock to the second outlet of the French supermarket chain Carrefour, which recently opened in the Duta Merlin shopping complex in Central Jakarta.

Military ready for 'civil war' in East Timor

Military ready for 'civil war' in East TimorBy Ridwan Max Sijabat DILI, East Timor (JP): Responding to concerns over a possible bloodbath following the Aug. 30 self-determination vote, the Indonesian Military says it has prepared two strategic scenarios to cope with the worst.Col.

Tons of potatoes turn black

Tons of potatoes turn black BANJARNEGARA, Central Java: Crops from half of 5,000 hectares of potato fields were destroyed here, blamed on "toxic substances from dew."Regent Nurachmad said the temperature in the Dieng mountainous area often got as low as zero degrees Celsius and it was at this...

Not much taste of Thailand at Chinese restaurant

Not much taste of Thailand at Chinese restaurant JAKARTA (JP): Recently I was handed a fax telling me about a restaurant's new Thai food promotion. So the next time I had a night off, I collected two expert friends of mine -- one of them has traveled extensively in Thailand, and the other is an...

Woman presidential candidate

Woman presidential candidateFrom Rakyat MerdekaWhile people continuously debate about the possibility of electing a woman as the fourth president in Indonesia, Elizabeth Dole is in the running as the first woman presidential candidate in the United States of America.

RI to hold tourism fair

RI to hold tourism fair JAKARTA (JP): The Indonesian Tourism Promotion Board in cooperation with the country's tourist industry will hold the annual Pasar Wisata Indonesia Tourism Mart & Expo 1999, in Jakarta next month to attract tourists back to Indonesia.

East Timor's fate in its own hands

East Timor's fate in its own handsBy Desi Anwar JAKARTA (JP): From the outset, global politics played a major part in the creation of the East Timor problem. Back in 1975, when the Cold War was the order of the day and international communism the specter that haunted the free world, it was easy to...

Asia makes headway in banking revamp

Asia makes headway in banking revampBy P. Parameswaran SINGAPORE (AFP): Crisis-hit Asian economies embracing reforms to their battered financial sectors have made much headway in restructuring banks but are lagging in the key area of corporate governance, experts say.

More donations for needy

More donations for needy JAKARTA: The Indonesian National Council on Social Welfare (DNIKS) received two separate donations for the country's needy people.The first donation to the council was milk from Friesche Vlag Nederland, which consisted of more than 80,000 cans or more than 36 tons of milk.

Street brawls getting worse

Street brawls getting worseFrom Moneter IndonesiaStreet brawls among high school students are an everyday sight in Jakarta. The situation has become more serious because sharp weapons are now used, which have resulted in deaths.

Asian currencies end mixed

Asian currencies end mixed HONG KONG (Dow Jones): A day of directionless trading left Asian currencies mixed at the end of local trading hours Wednesday.Long anticipated, Tuesday's 25-basis-point increase in U.S. interest rates had little impact on regional markets.

Five RI singles reach second round of Singapore Open

Five RI singles reach second round of Singapore Open JAKARTA (Agencies): All five Indonesian men's singles shuttlers cruised into the second round of the US$150,000 Konica Cup Singapore Open on Wednesday.

Mahathir, habibie meet on immigrants

Mahathir, habibie meet on immigrants KUALA LUMPUR (Reuters): The leaders of Malaysia and Indonesia on Wednesday held face-to-face talks overshadowed by a bank scandal that has cast doubt over Indonesian President B.J. Habibie's bid for a second term.

Three athletes get awards

Three athletes get awards JAKARTA (JP): National athletes Irene Joseph, Nunung Jayadi and Posnianus Kahol received awards from The Athlete's Foot on Wednesday for their record breaking achievements at this month's 20th South East Asian (SEA) Games in Brunei Darussalam.

Military 'must be neutral' in presidency

Military 'must be neutral' in presidency JAKARTA (JP): Half of 997 respondents in Jakarta, Surabaya, and Medan said the Indonesian Military (TNI) should remain neutral in the presidential elections, while many expected TNI to take over power in case of a deadlock in the election, a survey revealed.

Embassy regulations

Embassy regulations Many Indonesians have complained about the visa rules applied by the Australian and U.S. embassies. They have all voiced the same grievance: the nonrefundable visa fee, charged whether or not the visa is granted.

Protests mark swearing in of councilors

Protests mark swearing in of councilors JAKARTA (JP): Amid the unceremonious din of demonstrations by several groups calling for some of them to resign, the new lineup of Jakarta councilors was sworn in at the City Council in Central Jakarta on Wednesday.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Aug. 25, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,540.00 7,640.00 7,540.00 7,670.00Australian dollar 1 4,758.05 4,858.85 4,733.00 4,883.00Austrian schilling 1 574.21 586.61 - -Belgian franc 1 195.

Lost in space

Lost in space Having lost my mobile phone last week, my first time mind you, I promptly went out to buy a new one legitimately. To my surprise, and rising disgust, there appeared to be only a handful of satellite numbers available, and at usury prices.

IMF pleased with Indonesia's recovery

IMF pleased with Indonesia's recovery JAKARTA (JP): The International Monetary Fund (IMF) Asia Pacific director, Hubert Neiss, said on Wednesday that Indonesia had made considerable progress in economic recovery, but warned that a consistent implementation of the economic reform program was a must...

Government urged to bypass KONI, fund sports bodies directly

Government urged to bypass KONI, fund sports bodies directly JAKARTA (JP): A sports observer is urging the government to funnel its funds for sports development from the National Development and Planning Board (Bappenas) directly to sports organizations, bypassing the National Sports Council (KONI).

'Supreme Court states Aster Dharma bankrupt'

'Supreme Court states Aster Dharma bankrupt' JAKARTA (JP): The Supreme Court has declared PT Aster Dharma Industri bankrupt, overruling the decision on the listed company made by the Jakarta Commercial Court in June, a source said.

Judiciary must decide on Soeharto: ICW

Judiciary must decide on Soeharto: ICW JAKARTA (JP): A prominent corruption watchdog questioned President B.J. Habibie's plan to declare the legal status of former president Soeharto, under investigation for alleged corruption, saying the authority belongs to the judiciary rather than to the head...

Recovery talks in S'pore

Recovery talks in S'pore SINGAPORE (AFP): Senior finance officials from 14 Asia-Pacific nations will meet here this weekend to discuss ways of managing Asia's recovery from financial crisis.The two-day meeting beginning Sunday is the fifth since a framework was set up in Manila in November 1997 to...

Student's death during hazing raises questions

Student's death during hazing raises questions JAKARTA (JP): A forensic expert said on Wednesday he suspected violence was involved in the death of a freshman during hazing at his university on Tuesday.

Golkar gives Habibie 'conditional' support

Golkar gives Habibie 'conditional' support JAKARTA (JP): Golkar chairman Akbar Tandjung said on Wednesday the ruling party would continue its support for B.J. Habibie's presidential nomination if the People's Consultative Assembly accepted his account of his leadership for the past year.

Youths hold street rally

Youths hold street rally JAKARTA (JP): Some 100 youths and labor activists took to the streets on Wednesday demanding an investigation into the recent death of female worker Juju Juliah and the end of the Indonesian Military's sociopolitical role.

U.S. rate hike has mixed impact on Asian markets

U.S. rate hike has mixed impact on Asian markets HONG KONG (AP): Asian stock closed mixed Wednesday, with some markets depressed by the overnight U.S. interest rate hike and Japanese shares falling on its currency's strength.In Tokyo, the 225-issue Nikkei Stock Average fell 240.25 points, or 1.

SAS, Red Cross implicated in 1996 Irian shooting

SAS, Red Cross implicated in 1996 Irian shooting JAKARTA (JP): Rights activists and church groups reported on Wednesday to the National Commission on Human Rights and the House of Representatives the alleged involvement of foreign mercenaries in an operation to release 24 hostages in May 1996.

UNAMET is unfair

UNAMET is unfair I enjoyed reading G.K. Sangster's letter in The Jakarta Post of Aug. 19, 1999. The letter was written by an expatriate who witnessed the acts of UNAMET personnel in East Timor.As a layman, I feel that UNAMET's official opinions are, sometimes, not fair.

Muslim youths protest U.S. interference

Muslim youths protest U.S. interference JAKARTA (JP): Forty members of a Muslim youth group staged a rally in front of the American embassy here on Wednesday morning protesting, what they said, was U.S. interference in Indonesia's politics, economics and culture.

Where to go in Bali:

Where to go in Bali:Exhibition * Painting Exhibition: Anugerah Seni, by 36 Balinese traditional Artists, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until Sept. 10.Music and entertainment * Hard Rock Hotel, Jl.

Casual worker arrested with counterfeit notes

Casual worker arrested with counterfeit notes TANGERANG (JP): A 40-year-old construction worker was apprehended on Tuesday for allegedly using counterfeit money to buy a second-hand radio from a Pabuaran villager here.The Tangerang Police detective chief for economic crimes, Second Lt.

IMF warns of impact of Bank Bali scandal

IMF warns of impact of Bank Bali scandal JAKARTA (JP): International Monetary Fund (IMF) Asia Pacific director Hubert Neiss warned on Wednesday that it would be a disastrous scenario if the government failed to resolve the Bank Bali case satisfactorily.

Man killed in refugee's vendetta

Man killed in refugee's vendetta UJUNGPANDANG, South Sulawesi: A passenger from Ambon, Maluku, Rulli Nanere, was murdered on Tuesday while on board the Siguntang ship heading to Ujungpandang.Rulli, 29, who intended to go to Jakarta with his parents, both lecturers at the Pattimura University, was...

Jailed Xanana outlines East Timor program

Jailed Xanana outlines East Timor program JAKARTA (JP): Jailed East Timor resistance leader Jose Alexandre "Xanana" Gusmao promised on Wednesday to offer amnesty to his political opponents if East Timorese voted for independence on the Aug. 30 ballot.

Opposition mounts over new security bill

Opposition mounts over new security bill JAKARTA (JP): More opposition has been voiced against the bill on state security, currently being deliberated by the House of Representatives (DPR), with some observers calling it a trick to return to military rule.

New councilors sworn in, PDI-P holds majority

New councilors sworn in, PDI-P holds majority JAKARTA (JP): The city on Wednesday witnessed the swearing in of the new 84 councilors, who -- according to the written laws -- would work on behalf of the estimated 10 million Jakartans.

BAT Indonesia provides loans to tobacco farmers

BAT Indonesia provides loans to tobacco farmers JAKARTA (JP): Publicly listed cigarettemaker PT British American Tobacco (BAT) Indonesia expects to provide a total of Rp 1.9 billion (about US$253,000) in loans to tobacco farmers in Lombok, West Nusa Tenggara.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Song 9:00 Music 10:30 Interval 2:00 p.m. News 2:30 TV Series: Drew Carey Show 3:00 Music 4:00 News 4:30 Religious Teachings 5:00 Koran Recital 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30 TV Drama 9:00...

Indonesia head of the class at schools swimming c'ship

Indonesia head of the class at schools swimming c'ship JAKARTA (JP): Young Indonesian swimmer Hendrik Eko AP sealed his team's domination of the fourth ASEAN Schools Swimming Championships by winning the boy's 50m freestyle on its final day on Wednesday.

The bumpy road to democracy

The bumpy road to democracy Almost three months since the June 7 general election -- which many observers still refer to as a landmark for the country after more than three decades of authoritarian rule -- the electoral process of putting together a democratic and representative national...

Schlumberger to stay in Indonesia despite business setback

Schlumberger to stay in Indonesia despite business setback JAKARTA (JP): PT Schlumberger Production Services Nusantara, an international oil field services company with US$160 million invested in Indonesia, reaffirmed its commitment to the country despite a plunge in its revenue.

New telecoms law passed by House bars monopoly

New telecoms law passed by House bars monopoly JAKARTA (JP): The House of Representatives unanimously passed a telecommunications law on Wednesday eliminating all monopolistic practices in the country's telecommunications sector.

Death row convicts await their end

Death row convicts await their end JAKARTA (JP): Sixteen convicts, including six foreigners as well, are scheduled to be executed in the near future after being convicted with premeditated murder or the production and trafficking of drugs, said a senior legal official on Wednesday.

Vietnam's rice prices may fall further

Vietnam's rice prices may fall further SINGAPORE (Dow Jones): The continued absence of Indonesian private traders from Vietnam's rice market is likely to further depress Vietnamese rice prices in the next few weeks, rice traders and industry sources said this week.

Mining directory launched

Mining directory launched JAKARTA (JP): Publishing company Gold Group Asia/Pacific Ltd and partners have published a directory on the country's mineral exploration and mining companies.PT Citra Buana Masindo, one of Gold Group's partners in publishing the Indonesian Minerals Exploration and Mining...

The riddle of Gus Dur

The riddle of Gus Dur Abdurrahman Wahid, better known as Gus Dur, never stops presenting us with riddles on his political stance. Now he has revived the issue of the "axis force" (poros tengah), which was already on the wane as a subject of public discourse.

Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Photo Exhibition: by Michel Semeniako (French), at CCF - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8 p.m., until Aug. 31.Seminar * Works of French artist Michel Semeniako, at Petra Christian University, Jl.

Baby food coupons suggested for JPS

Baby food coupons suggested for JPS BOGOR (JP): The rector of the Bogor Agriculture Institute, Aman Wirakartakusumah, suggested on Tuesday that a coupon system be implemented to distribute food to infants of low income families.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 25, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 275 -25 8,500 Alter Abadi 275 0 0 Alumindo Light...

Glass carving business blossoms in Sukoharjo

Glass carving business blossoms in SukoharjoBy Singgir Kartana SUKOHARJO, Central Java (JP): One cannot entirely depend on one's intellect to be successful; creativity and persistence are also necessary ingredients. For Bambang Rudjito, this principle is very much true.