Indonesian Political, Business & Finance News

Archive: 27 August 1999

54 articles found

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 26, 1999: Buying Selling Rp Rp U.S. dollar 1 7,365.00 7,439.00Australian dollar 1 4,652.47 4,702.94Austrian schilling 1 557.82 563.70Belgian franc 1 190.28 192.98Brunei dollar 1 4,355.41 4,401.78Canadian dollar 1 4,919.18 4,970.

Aster denies bankruptcy report

Aster denies bankruptcy report JAKARTA (JP): Taira Faisal & Panggabean law firm denied on Thursday that its client PT Aster Dharma Industri was declared bankrupt by the Supreme Court."As of Aug. 26, the Supreme Court has not officially issued a verdict declaring PT Aster Dharma bankrupt," the law...

Ophthalmologist not optometrist

Ophthalmologist not optometrist I refer to the article on contact lens in the Aug. 22, 1999 edition of The Jakarta Post. It is a good article and I'm proud that my father was quoted in the article.But there are some mistakes that I would like to correct.

Basketball clubs gear up for national league

Basketball clubs gear up for national league JAKARTA (JP): Five basketball clubs are preparing their athletes for the first of five series in the 1999 A Mild National Basketball League Kobatama from Aug. 31 to Sept. 5 at Bima Sakti Sports Complex in Cirebon, West Java.

Death sentence sought for drug offenders

Death sentence sought for drug offenders JAKARTA (JP): With an increasing trend of drug abuse, National Police headquarters is seeking a more effective preventive measure against the use and sale of drugs.Spokesman for the National Police Headquarters Brig. Gen. Togar M.

Government still way behind in Y2K preparations

Government still way behind in Y2K preparations JAKARTA (JP): Most computer systems in government agencies and enterprises were yet to be updated as of July in preparation for the millennium bug, with only four months remaining until it is set to strike, a research institute found.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Program 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Student's Program 3:00 Music 4:00 News 4:30 Arabic Lessons 5:00 Student's Quiz 5:30 TV Drama 7:00 Evening News 7:30 TV Drama 9:00 World News 9:30 Talk Show...

Pressure from the World Bank and IMF

Pressure from the World Bank and IMF We regard the call made by the World Bank and the International Monetary Fund (to resolve the Bank Bali scandal swiftly and satisfactorily) as a most important external encouragement.

24 snack victims still in hospital

24 snack victims still in hospital JAKARTA (JP): Twenty-two children and two adults, one of them a pregnant mother, were receiving treatment at Harum Hospital on Jl. Raya Kalimalang, East Jakarta, on Thursday for food poisoning suffered after eating snacks at an event at private Borobudur...

Swimmers to train in Bali for Olympics

Swimmers to train in Bali for Olympics JAKARTA (JP): The Indonesian Swimming Association (PRSI) plans to hold a centralized training camp in January at Bali Cliff Resort in Bali as part of its preparation for the 2000 Olympic Games in Sydney.

Soeharto hill to be renamed

Soeharto hill to be renamed SAMARINDA, East Kalimantan: The authorities are seeking to rename a local forest park currently named after former president Soeharto who resigned last year, a report said Thursday.

Mental institution treating addicts

Mental institution treating addicts BOGOR (JP): The Bogor Mental Institution (RSJP) has taken in drug addicts as patients over the past month, an official said on Thursday.The hospital, in cooperation with the Permata Hati Kita foundation, is now treating 20 drug addicts, for a charge of Rp 100,000...

Teenage students reveal cinematic flair

Teenage students reveal cinematic flairBy Tam Notosusanto JAKARTA (JP): Cicip, the heroine of the nine-minute film Namanya Juga Usaha (It Was Worth The Try) has a mission. The overweight teenager wants to shed some pounds in exchange for acceptance from her schoolmates.

New Air Force school commander

New Air Force school commander SURABAYA: Air Force Chief of Staff Marshall Hanafie Asnan is scheduled to lead a handover ceremony of Air Force school commander from Rear Marshall Abdullah Syirat to the new commander First Marshall Wartoyo here on Friday, Antara reported.

Prosecutor reported to Attorney General

Prosecutor reported to Attorney General TANGERANG (JP): A dispute at the Tangerang District Prosecutors' Office continued on Thursday as one of the attorneys, Pudji Basuki, was reported to the Attorney General's Office for allegedly extorting money from other counselors.

Irianese students slam UK role in 1996 massacre

Irianese students slam UK role in 1996 massacre JAYAPURA, Irian Jaya (JP): Students rallied here on Thursday demanding the British and South African parliaments take responsibility for the alleged involvement of their soldiers and mercenaries in a 1996 hostage-release operation.

Military command to be set up soon in Aceh: Source

Military command to be set up soon in Aceh: Source JAKARTA (JP): Despite widespread condemnation by Acehnese, President B.J. Habibie has reportedly approved the Ministry of Defense's plan to reestablish the Iskandar Muda Military Command in the strife-torn province.

Australian firm to help BI audit

Australian firm to help BI audit JAKARTA (JP): Supreme Audit Agency (BPK) head Satrio B. Yudono said on Thursday he would ask Australia-based PricewaterhouseCoopers to help the agency audit the central bank over the high-profile Bank Bali scandal.

Buskers killed by angry drivers

Buskers killed by angry drivers WONOSOBO, Central Java: One street singer died and three others are in a coma after they were assaulted by a group of public transportation drivers on a street between Purworejo and Saputan villages, Antara reported Thursday.

Choose watchdog members carefully: Kadin

Choose watchdog members carefully: Kadin JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) urged the government, on Thursday, to be selective in choosing members for the antimonopoly watchdog, the Business Competition Supervisory Commission.Kadin's vice chairman Soy M.

SilkAir crash looks like suicide

SilkAir crash looks like suicide SINGAPORE (Agencies): Singapore carrier SilkAir came under fire on Thursday as new evidence backed a theory that pilot suicide may have caused a 1997 crash in Indonesia which killed all 104 people aboard.

KONI to hone best PON athletes for SEA Games

KONI to hone best PON athletes for SEA Games JAKARTA (JP): The National Sports Council (KONI) has set the 2000 National Games (PON) as the arena to recruit athletes for centralized training in its strategy to regain the overall medal title at the 2001 Southeast Asian Games.

Bills on new provinces get support from legislators

Bills on new provinces get support from legislators JAKARTA (JP): Legislators and an academic welcomed on Thursday the continued deliberation of 11 bills on the establishment of three new provinces, 29 regencies and three mayoralties.

Jury still out on Malaysia's capital controls

Jury still out on Malaysia's capital controlsBy Nelson Graves KUALA LUMPUR (Reuters): Miracle cure? Or plain luck?One year after Malaysia imposed capital controls, a debate still rages over their impact on the economy and political landscape.

After a year in jail, Anwar still key politician

After a year in jail, Anwar still key politicianBy Ranjan Roy KUALA LUMPUR, Malaysia (AP): Leaping up a flight of stairs from an underground tunnel for convicts, Anwar Ibrahim steps into a blue-carpeted courtroom and morph into his former self.

Rudy denies the existence of diary outlining meetings

Rudy denies the existence of diary outlining meetings JAKARTA (JP): The Bank Bali scandal was the focus of the Cabinet meeting on political and security affairs on Thursday, where President B.J. Habibie presented a written statement from former Bank Bali president Rudy Ramli denying the existence...

Yonekura upset Martin in Singapore Open

Yonekura upset Martin in Singapore Open JAKARTA (Agencies): The 1998 Asian Games gold medalist Kanako Yonekura of Japan surprised everyone on Thursday at the Konica Cup Singapore Open by upsetting top seed Camilla Martin of Denmark 11-6, 11-4 in the women's singles event.

Three dead in last day of campaign

Three dead in last day of campaignBy Budiman Moerdijat and Dwi Atmanta DILI, East Timor (JP): At least three men were shot dead and several others wounded on Thursday in sporadic clashes here that tarnished the penultimate day of campaigning for Monday's vote on the province's future.

Initiation program should continue, say academics

Initiation program should continue, say academics JAKARTA (JP): Despite mounting protests against the university initiation ceremonies that often end in tragedy, academics in Jakarta said on Thursday the ceremonies were necessary for incoming freshmen.

Sound body, sound mind

Sound body, sound mind I refer to the editorial Rout in Brunei (The Jakarta Post, Aug. 14, 1999) in which it is stated that we have all been taught that sports and fitness are important aspects of life and that a sound body ensures a sound mind.

Rupiah down after highly volatile session

Rupiah down after highly volatile session HONG KONG (Dow Jones): The rupiah ended Asian hours weaker on Thursday after a highly volatile session, which saw the Indonesian currency swing by over 5 percent in value during the day.Asia's other regional currencies remained tightly range-bound.

Foreign exchange reserves fall to $15.95 billion

Foreign exchange reserves fall to $15.95 billion JAKARTA (JP): The country's net foreign exchange reserves fell US$55.1 million to $15.95 billion as of Aug. 23, according to Bank Indonesia's latest weekly report.

BPKP preparing bill to ensure audit independency

BPKP preparing bill to ensure audit independency JAKARTA (JP): The Development Finance Comptroller (BPKP) is preparing a draft law to ensure greater independency in its audit work over state-owned enterprises and government budgetary spending, the agency's senior executive said on Thursday.

Garuda upbeat over debt talks with creditors

Garuda upbeat over debt talks with creditors JAKARTA (JP): National flag carrier Garuda Indonesia said on Thursday its debt restructuring proposal was received positively by its foreign creditors.The airline's vice president for corporate communications, Pujobroto, said results from the first...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 26, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 275 0 10,000 Alumindo Light Metal...

'Antara' building not demolished

'Antara' building not demolished With reference to the news items in The Jakarta Post of Aug. 23 and Aug. 24 editions on page 3, we would like to clarify that the articles or the false opinion that the historic Antara building situated on 57-59 Jl. Antara, Jakarta, has been demolished are not true.

East Timor cyberwar on new global battlefield: The web

East Timor cyberwar on new global battlefield: The webBy Jules Bell JAKARTA (JP): Indonesia may be on the brink of a cyberwar, but no blood will be shed in this conflict nor lives lost due to bullets. The battlefield of such a war is the Internet, with bullets the words, and soldiers the hackers.

Thousands of infants suffer from malnutrition

Thousands of infants suffer from malnutrition SURAKARTA, Central Java (JP): At least 27,300 infants in Cirebon, West Java, are suffering from malnutrition, Minister of Social Affairs Justika Baharsjah said."This huge figure bothers us all.

Amateur c'ships serve as PON warm-up

Amateur c'ships serve as PON warm-up SURABAYA (JP): The Indonesian Amateur Golf Championships, held next year in the East Java capital, will serve as preparation for the 15th National Games (PON).The championships, where 254 golfers will compete from 108 clubs, will take place at the Ciputra Golf...

Agriculture ministry works to boost fishery exports

Agriculture ministry works to boost fishery exports JAKARTA (JP): The Ministry of Agriculture plans to develop marine aquaculture in line with a massive fishery development program aimed at bolstering exports to US$10.19 billion by 2003, compared to $2.04 billion in 1998.

Rp 18m taken in armed robbery

Rp 18m taken in armed robbery JAKARTA (JP): South Jakarta Police detectives are pursuing four men who robbed a 27-year-old man of Rp 18 million at Kebayoran Lama subdistrict on Thursday morning.South Jakarta Police chief Lt. Col.

Judge asked to free mentally ill defendant

Judge asked to free mentally ill defendant JAKARTA (JP): A lawyer has suggested the Central Jakarta District Court free defendant Anwar Budiman, 25, from all charges of possessing and selling 3.87 kilograms of dried marijuana.

Government told to nix land deals with Soeharto associates

Government told to nix land deals with Soeharto associates JAKARTA (JP): State forestry firm Perum Perhutani has urged the Ministry of Forestry and Plantations to cancel its land swap deals with eight companies linked to former president Soeharto's families and cronies.Perhutani president A.

Students protest plantation firm

Students protest plantation firm PEKANBARU, Riau: More than 1,000 freshmen of the Riau University took to the streets here Thursday to protest the operation of the oil palm plantation company, PT Torganda, in the province.

Military kills five in night of violence

Military kills five in night of violence AMBON, Maluku (JP): At least five residents were shot and killed by security personnel and 25 were injured in riots involving at least 1,000 people here on Thursday.

Central Java aims to host 2004 National Games

Central Java aims to host 2004 National Games JAKARTA (JP): Central Java is determined in its ambition to host the 2004 National Games (PON), despite tough competition from West Java, North Sumatra and South Sumatra.

Indonesia violates UN pact on observers: UNAMET

Indonesia violates UN pact on observers: UNAMET DILI, East Timor (JP): A representative of the United Nations said Thursday that Indonesia had violated the agreement on East Timor's direct ballot signed in May by Indonesia, Portugal and the UN.

Lippo hosts Red & White jazz concert

Lippo hosts Red & White jazz concert JAKARTA (JP): Jazz lovers, listen up. A four-day jazz concert featuring well-known musicians might be what is needed to cheer you up and put to rest a lousy workday.

A matter of hygiene

A matter of hygiene Recently, on a morning television program a representative from the tourist sector spoke of tourism in Indonesia being the third highest foreign exchange earner. However, he expressed his concern that while all efforts were being made to increase the efficiency of this...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Sketch Exhibition: Paradigma Seni Rupa Indonesia, by Srihadi Soedarsono, at Galeri Lontar, Komunitas Utan Kayu, Jl. Utan Kayu 68 H, East Jakarta (Phone: 8573388), 10 a.m. to 5 p.m., until Sept. 27.

Indocement books profit

Indocement books profit JAKARTA (JP): PT Indocement Tunggal Prakarsa announced on Thursday a consolidated net income of Rp 558.47 billion (about US$74.5 million) in the first semester ended in June 30, up from Rp 3.32 billion in the same period last year.

Nomura to quit Tancho

Nomura to quit Tancho JAKARTA (JP): Two Japanese investors will divest their entire stake in PT Tancho Indonesia, a publicly listed cosmetics and perfume producer, the company said on Thursday.Tancho corporate secretary Dodi Ardityagraha said that Nomura/Jafco Investment (Asia) Ltd and PT BNI...

Xanana to be free man on Sept. 15, Muladi says

Xanana to be free man on Sept. 15, Muladi says JAKARTA (JP): President B.J. Habibie is expected to release jailed East Timor resistance leader Jose Alexandre "Xanana" Gusmao on Sept. 15, Minister of Justice/State Secretary Muladi announced on Thursday.

Indonesian boy release sought from Australian jail

Indonesian boy release sought from Australian jail DARWIN, Australia (AFP); Human rights groups demanded Wednesday the release of a 13-year-old Indonesian boy suffering from malaria who has been held in detention for a month over a people-smuggling racket.