Indonesian Political, Business & Finance News

Archive: 3 August 1999

57 articles found

Conversion Rates

Conversion Rates Bank Bali's conversion rates on August 2, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Toward a true unitary nation

Toward a true unitary nation By Harkiman Racheman MEDAN (JP): Cultural rights guarantee every human being to live any chosen lifestyle, and to satisfy his or her cultural identity, without experiencing discrimination from others, especially the state.

Singapore's Yeo suffers injury

Singapore's Yeo suffers injury SINGAPORE (AFP): Singapore's swimming sensation Joscelin Yeo suffered an elbow injury which could jeopardize her hopes of winning nine gold medals in the upcoming Southeast Asian (SEA) Games. Yeo, 20, bruised a nerve in her elbow during a weights training session in the United States, where she is currently studying and training, the Straits Times daily reported on Monday.

New submarine cable installed

New submarine cable installed JAKARTA (JP): The NEC Corporation of Japan has completed construction of an optical fiber submarine cable system spanning 400 kilometers between Kalimantan and the Belitung Islands, South Sumatra, the company announced yesterday. The company said the submarine cable system, equipped with four fiber pairs, operates at 2.5 gigabits per second (Gbit/s).

Bank Bali scandal

Bank Bali scandal The government should act quickly to clarify the issues in a scandal allegedly involving millions of dollars at Bank Bali because it puts at stake the integrity of the Indonesian Bank Restructuring Agency (IBRA), which directly or indirectly controls over Rp 600 trillion (US$88 billion) in government assets.

Postponement E. Timor ballot

Postponement E. Timor ballot From Media Indonesia According to a morning news report from one private television station on July 29, Indonesia is now considering the offer of United Nations Secretary-General Kofi Annan that the direct ballot on the future status of East Timor, scheduled to be held on Aug. 21 or Aug. 22, should be postponed to Aug. 30.

Australian stock market to list Antam shares

Australian stock market to list Antam shares JAKARTA (JP): PT Aneka Tambang (Antam) will become the first Indonesian company to be listed on the Australian Stock Exchange (ASX) when the company floats its shares on the bourse next Monday. Antam president Dedi Aditya Sumanegara said on Monday the cross listing on the ASX was expected to increase the company's profile and exposure on the Australian exchange, host to many major mining companies.

Measles kill two children

Measles kill two children WONOGIRI, Central Java: Two children in Wonogiri, Central Java, have died from measles and 228 are suffering from the contagious disease. The two fatalities were seven-month-old Sri Lestari of Conto village and two-month-old Nanik of Ceneng village, both in Bulukerto district. "Both died because they received treatment too late," Wonogiri administration spokesman Sumarno said on Monday.

Party is over for Indonesia's Banda isles

Party is over for Indonesia's Banda isles By Chris McCall BANDANEIRA, Indonesia (Reuters): The rich and famous once came to this island paradise to get away from it all. Then the blood craze came. The islanders started to kill each other, the churches were smashed, hundreds fled, and the beautiful people couldn't get a flight any more. Welcome to Indonesia's Banda Islands.

McDermott contract hangs in the balance

McDermott contract hangs in the balance JAKARTA (JP): Construction company PT McDermott Indonesia could lose a contract for the installation of a giant natural gas pipeline linking west of the Natuna islands to Singapore after the House of Representatives found irregularities in the tendering process for the project.

Asian monies weaken against dollar despite rise in yen

Asian monies weaken against dollar despite rise in yen HONG KONG (Dow Jones): Most Asian currencies weakened against the U.S. dollar during local trading hours Monday, even though the U.S. currency itself fell against the Japanese yen. The Singapore dollar was the only regional currency to benefit from the yen's strength. Others, including the Philippine peso, the Thai baht, the New Taiwan dollar and the Korean won, all ended the day lower.

Tribespeople restricted in own home

Tribespeople restricted in own home PALU, Central Sulawesi (JP): When half-meter-high concrete posts were erected in Lore Lindu National Park in 1993, the tribespeople living in the forest thought it was the end of their long struggle for ownership of the land. The tribespeople have been living there for generations upon generations. The walls surrounding the 229,000-hectare park represented the division between two groups with different interests: the tribespeople and the government.

Jasmine sells stake to RI firm

Jasmine sells stake to RI firm BANGKOK (Dow Jones): Thailand's Jasmine International PCL said Monday its majority-owned unit Jasmine International Overseas Co. has sold a 11.40 percent stake in PT Asia Cellular Satellite Co. for $34.20 million to Indonesia's PT Pasifik Satelit Nusantara. After the sale, Jasmine International Overseas will hold a 11.93 percent stake in PT Asia Cellular Satellite, a satellite cellular phone company.

Indonesia beats Malaysia 6-0, crowns Group B

Indonesia beats Malaysia 6-0, crowns Group B JAKARTA (JP): Indonesia's soccer team tops the Group B standings after the national team overwhelmed Malaysia 6-0 at the Track and Field Stadium in the Hassanal Bolkiah National Sports Complex in the 20th Southeast Asian (SEA) Games in Brunei on Monday. With the result, Indonesia has collected seven goal points from two matches, while second-place Singapore has two goals after its first match.

KL trade surplus falls 11%

KL trade surplus falls 11% KUALA LUMPUR (AFP): Malaysia logged a trade surplus of 5.4 billion ringgit (US$1.4 billion) in June, marking an 11 percent fall from a year earlier, the statistics department said Monday. The surplus, the 20th consecutive monthly rise, was also lower compared to the 6.5 billion ringgit recorded the previous month, it said.

Habibie's outstanding debt

Habibie's outstanding debt The doubts which the public have harbored concerning the fate of the case against the former attorney general, Andi M. Ghalib, have proven justified. Military police authorities have decided to halt their investigation of the case on the grounds there was not sufficient proof that Ghalib engaged in corruption. This decision reflects the authorities' lack of responsiveness toward the public's demands.

Habibie concerned by malnutrition

Habibie concerned by malnutrition JAKARTA: President B.J. Habibie expressed concern over the fact that more than eight million children less than five years of age were facing malnutrition. "We could not imagine our future leaders would have poor nutrition or face malnutrition," Habibie said in Marga Mulya village, Mauk subdistrict, Tangerang, during the launch of a national movement to fight malnutrition.

S'pore economy predicted to grow by 4% to 5% in '99

S'pore economy predicted to grow by 4% to 5% in '99 SINGAPORE (AP): Singapore's economy is recovering from Asia's financial crisis and will grow by 4 percent to 5 percent in 1999, the U.S. Embassy said in a report on economic trends in Singapore.

Man says Anwar sodomized him

Man says Anwar sodomized him KUALA LUMPUR (Agencies): The key witness in the sodomy trial of Anwar Ibrahim said on Monday he had sex with the former deputy premier up to 15 times before a separate incident involving Anwar and his adopted brother in 1993. Former driver Azizan Abu Bakar told the high court his first sexual encounter with Anwar took place in a house at the Port Dickson beach resort south of Kuala Lumpur in early 1992.

Habibie scheduled to meet politicial party leaders

Habibie scheduled to meet politicial party leaders JAKARTA (JP): President B.J. Habibie is scheduled to meet with leaders of nine political parties, including Megawati Soekarnoputri of the Indonesian Democratic Party of Struggle (PDI Perjuangan), on Tuesday morning for talks on the forthcoming People's Consultative Assembly (MPR).

Palmerah market to resume operation

Palmerah market to resume operation JAKARTA (JP): The city-owned Palmerah market, which was burned down in massive riots last year, will resume operations in September, an official said. He said the renovation of the market, started in February, is expected to be completed by the end of September. "As soon as the renovation of the market is completed, the market will resume its operations," Mawardi Siregar, director of the Palmerah market, said at his office on Monday.

Death toll rises to 54 in Aceh violence: Report

Death toll rises to 54 in Aceh violence: Report JAKARTA (JP): The death toll from the West Aceh incident has risen to 54, with at least 30 people still missing following last month's alleged military shootings in the troubled province of Aceh, a human rights group said on Monday. The Commission for Missing Persons and Victims of Violence (Kontras) quoted witnesses as saying that locals found two more bodies near Beutong Ateuh village in West Aceh on Sunday afternoon.

HK transfers banking license to Bank Mandiri

HK transfers banking license to Bank Mandiri HONG KONG (AFP): The Hong Kong Monetary Authority (HKMA) said Monday that it had transferred the restricted banking license of PT Bank Pembangunan Indonesia to PT Bank Mandiri, a new super- bank. Last week Mandiri was formed out of the merger of four Indonesian state banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia.

YLKI picks holes in government's plan to hike passport fee

YLKI picks holes in government's plan to hike passport fee JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) denounced on Monday the government's plan to raise passport processing fees later this month. New YLKI chairwoman Indah Suksmaningsih said the government's decision lacked transparency and obstructed the public's right to know the reasons behind the increase.

Batam returns to normal

Batam returns to normal BATAM, Riau: Batam returned to normal after a series of clashes which claimed dozens of lives and stopped people's daily activities, Antara reported on Monday. The situation began to improve after some 300 security personnel were deployed to the region after Batam Industrial Development Authority chief Ismeth Abdullah issued shoot-on-sight orders. The communal clashes started on Friday, following a dispute between migrant Batak and Flores transportation drivers.

Foreign bankruptcy claim denied: Court

Foreign bankruptcy claim denied: Court JAKARTA (JP): The Jakarta Commercial Court rejected on Monday a US$65 million bankruptcy petition filed by three foreign banks against BII Finance Center, an affiliate of publicly listed Bank Internasional Indonesia. The presiding judge said the petition was rejected because BII Finance no longer had any matured debts after it and its creditors signed a debt restructuring agreement in April.

Utut eliminated from world c'ships

Utut eliminated from world c'ships JAKARTA (JP): Indonesian Grand Master Utut Adianto was eliminated from the World Chess Championships in Las Vegas, Nevada, after suffering two defeats at the hands of International Master Daniel Fridman of Latvia. Suara Pembaruan daily reported Utut lost to Fridman on Sunday and Monday. In Sunday's game, Utut surrendered in the 21st move, while in the game on Monday he lost in the 35th move. Utut blamed his two defeats on the numerous errors he committed.

Katu tribe allowed to retain forest home

Katu tribe allowed to retain forest home By Tanra Alam PALU, Central Sulawesi (JP): A long debate on whether a tribal community should be allowed to live in a conservation forest has eventually ended, with a decision in their favor. Katu tribespeople, better known as the Katu people, deserved the victory; they are permitted to stay on inside the Lore Lindu National Park.

Council backs hike in parking fees

Council backs hike in parking fees BOGOR (JP): The Bogor Regency Legislative Council on Monday enacted six draft bylaws on fees and levy collection, but only authorized the local administration to increase parking fees. "Of the six bylaws enacted, the council only authorized the incremental rise in the parking fees from Rp 500 (7 U.S. cents) to Rp 700," head of the United Development Party (PPP) faction Eman Sulaeman told reporters.

Over 378,000 register for East Timor ballot

Over 378,000 register for East Timor ballot DILI, East Timor (JP): The United Nations Mission in East Timor (UNAMET) said on Monday the registration process for the Aug. 30 self-determination vote in the territory was a success with almost all projected voters signed up. UNAMET spokesman David Wimhurst said a total of 378,302 people had registered with poll officials as of Saturday, the 16th day of the 20-day registration period. "We are on target with the numbers.

Embassy donates medicine

Embassy donates medicine JAKARTA: The Philippine Embassy in Jakarta donated medicines worth Rp 1 billion to the Ministry of Health to help alleviate the effects of the economic crisis. The donation consists of 558 boxes of antibiotics, a release from the embassy said. The medicine will be distributed to needy people in Jakarta as well as other provinces. Philippine envoy Leonides T. Caday handed over the aid to Minister of Health Farid Anfasa Moeloek in a ceremony on Monday.

Man hunts down alleged culprit of taxi crimes

Man hunts down alleged culprit of taxi crimes JAKARTA (JP): A man whose wife was allegedly attacked and robbed by a taxi driver spotted the culprit on Sunday after a two-week search and arranged neighborhood supporters to help punish him. The driver of Prestasi taxi, a company formerly known as President Taxi, was badly mobbed by angry residents of Taman Galaxy housing complex in Bekasi.

Pare-Pare readies for planned Habibie visit

Pare-Pare readies for planned Habibie visit PARE-PARE, South Sulawesi (JP): Officials are tightening security in Pare-Pare, following a fire which damaged police headquarters on Sunday, as the city gears up for President B.J. Habibie's planned visit on Aug. 5 and Aug. 6. Pare-Pare is Habibie's hometown, located about 115 kilometers north of the provincial capital of Ujungpandang.

Government forecasts tourist arrivals to pass 5 million

Government forecasts tourist arrivals to pass 5 million JAKARTA (JP): The government says the number of foreigners visiting Indonesia could reach between 5 and 5.5 million this year, exceeding an initial forecast of 3.9 to 4.4 million, provided the existing security and order is maintained.

IBRA zeros in on official over bank furor

IBRA zeros in on official over bank furor JAKARTA (JP): The powerful Indonesian Bank Restructuring Agency (IBRA) said on Monday it was investigating the alleged involvement of one of its deputy chairmen in the high-profile, multimillion dollar Bank Bali scam. "It (the allegation) is still being investigated. We need more time," IBRA public relations officer Franklin Richard told reporters. He added that the senior official remained active in the agency despite the investigation process.

Where to go in Bandung:

Where to go in Bandung: Peformances * Sundanese Traditional Drama: Anoman Trigangga, by LS Srimurni, atat Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 433562), 8 p.m., Aug. 6. * Puppet Show: Bangbang Gambar Alam, narrated by Ajang Dede Amung Sutarya, at Gedung Kesenian Rumentang Siang, 9:30 p.m., Aug. 7. Seminar * Seminar and Display on Cloth and Okinawa Dance, with Nana Miyagi and Izumi Higa from Japan, at STSI - Bandung Institute of Arts (Phone: 022 304532), 10 a.

Tiolina sees gold in Games debut

Tiolina sees gold in Games debut JAKARTA (JP): Being the youngest member of Indonesia's traditional boat racing crew for the 20th Southeast Asian (SEA) Games does not make Tiolina Ceria feel inferior. On the contrary, she is confident she can impress her seniors and coaches by helping her team win the gold in her international debut. "I am sure that my team can win a gold," she said.

Habibie expected to sign poll results

Habibie expected to sign poll results JAKARTA (JP): President B.J. Habibie is expected to take decisive action on Tuesday following the General Elections Commission's (KPU) failure to endorse the elections results on Monday. State Secretary/Minister of Justice Muladi said on Monday the President would take action following the commission's failure to meet its deadline for endorsing the results of the general election. "The President is allowed to take action...

Borrowed words

Borrowed words Imprecision of terms is an elementary flaw in Indonesia's sociopolitical discourse. It is, for example, simply counterproductive to borrow a word but ditch half the meaning in the process. It is also characteristic of the Indonesian ideology's reluctance to undertake rigorous analyses. Ghalib didn't do it. "Anarchist", "communist" and "secular" are words with complex meanings and longish histories.

Bogor police seek gang for murder and robbery

Bogor police seek gang for murder and robbery BOGOR (JP): Leuwiliang Police remained puzzled on Monday on the whereabouts of a group of eight robbers who killed a resident and threw an infant out of a window during a robbery two days ago. "We're still in the dark about their identity and whereabouts. The investigation is still going on," an officer, who asked not to be named, said on Monday.

Unrest in Ambon yields 30,000 new refugees

Unrest in Ambon yields 30,000 new refugees AMBON, Maluku (JP): Continuing unrest has swelled the number of refugees by about 30,000, adding to the 40,000 displaced people in the capital and 35,000 others in Tual Island. Deputy governor Paula Renyaan, who is also the chairwoman in charge of assistance to refugees, revealed the latest estimates on Monday during a break in a meeting between authorities and young people from the disputing sectarian groups.

Jambi indigenous people losing their jungle

Jambi indigenous people losing their jungle By Pandaya BANGKO, Jambi (JP): Although he has no clock, Nudin was as punctual as a Swiss watch. When a group of visitors came to his shack in Rejosari village at an appointed time, he would be there, having just gotten back from hunting and clutching a dead giant monitor lizard in his right hand and a sickle in his left.

Mob attacks Metrominis after traffic accident

Mob attacks Metrominis after traffic accident JAKARTA (JP): Hundreds of people attacked three Metromini buses near the Senen Inpres market in Central Jakarta, after one of the minibuses crushed a woman to death on Monday morning. The rough street justice, which has become more frequent in the capital during the past year, left the three minibuses severely damaged.

No rift in the military

No rift in the military Recent political developments show a continuous focus on the role of the Indonesian military (TNI) from the New Order regime to the current reform era. The criticism is not always accompanied by wisdom. Instead there is a lot of cynicism and suspicion, making the role of the TNI in society problematic. It can be seen from various aspersions and invectives directed at their role, the lack of trust in the new paradigm of the TNI that has implemented an internal reform.

Wynne upbeat to grab gold in doubles with Romana

Wynne upbeat to grab gold in doubles with Romana JAKARTA (JP): Indonesia's highest-ranked women's singles tennis player, Wynne Prakusya, was optimistic about winning gold in the women's doubles with senior Romana Tedjakusuma in the 20th Southeast Asian (SEA) Games in Brunei Darussalam, despite only recently recovering from a back injury. "I think Romana and I have a very good chance to win the gold in the doubles event," she told reporters on Monday.

Kupang proposed as marketing center

Kupang proposed as marketing center KUPANG, East Nusa Tenggara: Australia proposed Kupang be developed as a marketing center for Australian and Indonesian products, Communication Forum of East Nusa Tenggara, East Timor and Australian Businessmen chairman Ferdi Tanoni told Antara on Monday.

Indonesian athletes expected to have sense of duty

Indonesian athletes expected to have sense of duty JAKARTA (JP): The 20th Southeast Asian (SEA) Games training director, Imron ZS, expressed hope on Monday that athletes would understand their responsibility to meet the high expectations of the public because it financed their efforts. "They (athletes) are using the people's money from the preparation through to the competition. They must be responsible for it.

Rowers hope to retain supremacy in SEA Games

Rowers hope to retain supremacy in SEA Games By Ivy Susanti JAKARTA (JP): A popular children's song here holds that Indonesia's ancestor is a sailor. Indeed, rowing is almost a daily activity for those who live on the coast, which means a large amount of the population. In the 20th Southeast Asian (SEA) Games in Brunei Darussalam, which will start on Saturday, the Indonesian Rowing Association (PODSI) hopes to make a clean sweep of eight gold medals in the traditional boat race event.

Rates for tax payment, valid from Aug. 2 to Aug. 8

Rates for tax payment, valid from Aug. 2 to Aug. 8 U.S. dollar 1 Rp 6,820.00 Austrian schilling 1 526.85 Australian dollar 1 4,398.90 Belgian franc 1 179.71 Canadian dollar 1 4,507.90 Swiss franc 1 4,530.66 Deutschemark 1 3,708.34 Danish krone 1 981.22 French franc 1 1,105.20 Poundsterling 1 10,846.53 Hong Kong dollar 1 878.68 Italian lira 100 374.42 Japanese yen 100 5,839.04 Malaysian ringgit 1 1,794.74 Dutch guilder 1 3,289.77 New Zealand dollar 1 3,577.09 Norwegian krone 1 873.67 Swedish...

Groups accused of rebel

Groups accused of rebel JAYAPURA, Irian Jaya: Local military commander Maj. Gen. Amir Sembiring said Monday that certain groups in the province had been trying to disrupt the order in the province. "However, their efforts are not successful yet," he said in a speech to commemorate the 47th anniversary of the Irian Jaya Military Command here on Monday. He pointed out that the groups had also been campaigning for a Free Papua movement.

New Jakarta councilors lack required skills: Expert

New Jakarta councilors lack required skills: Expert JAKARTA (JP): An expert on state administration has expressed doubts over the capability of city councilors elected for the 1999 to 2004 period for dealing with and providing solutions to city problems. "I do not observe the candidates' constructive vision and mission for the city's development," said Benyamin Husein from the University of Indonesia's School of State Administration.

Two die, three injured in blast

Two die, three injured in blast PALEMBANG: At least two died and three were injured when a fire blast destroyed three houses in an old iron junk compound next to a Haj dormitory here on Monday. The blast at 9:15 a.m. killed Eddyson, 30 and a man named Jon, Antara reported. The injured were identified as Yuliandi, Eka and Herlan, who were rushed to the Mohammad Husein hospital in Palembang. Two cars were also destroyed in the blast which police are investigating. (edt)

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on August 2, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 500 -25 70,000 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 325 -50 47,500 Alumindo Light Metal 950 0 0 Aneka Kimia Raya 500 0 0 Aneka Tambang (Persero) 1,625 -50 24,344,000 Anwar Sierad 250 -25 537,500 APAC Centertex Corp.

Inflation dropped again to minus 1.05 percent in July

Inflation dropped again to minus 1.05 percent in July JAKARTA (JP): Inflation in July dropped to minus 1.05 percent, the fifth deflation five months in a row, according to the Central Bureau of Statistics (BPS). BPS chief Sugito Suwito said on Monday on a year-on-year basis inflation fell to 13.49 percent in July from 24.5 percent in June.

Thousands of uncensored VCDs confiscated

Thousands of uncensored VCDs confiscated JAKARTA (JP): Police confiscated over 31,000 of illegal video compact discs (VCDs) on Saturday in a crackdown at a warehouse in Tanah Abang, Central Jakarta. The target of this operation was PT Vision InterPrima, an importer and distributor of VCDs. According to the police, VCDs sold by the company had not passed screening at the Film Censorship Board (BSF) and therefore had no BSF stickers on their covers as required by the existing regulation.

Zurich Life expects 40% income increase

Zurich Life expects 40% income increase JAKARTA (JP): PT Zurich Life Insurance Indonesia and its sister company PT Zurich Insurance Indonesia predict a 40 percent increase in premium income from their latest life insurance product launched here on Monday. Chief executive of Zurich Insurance Hans Martin Graf told a news conference that the group expected to increase its premium income this year to more than Rp 100 billion (about US$15 million) from about Rp 75 billion last year.

Haze slows traffic in Central Kalimantan

Haze slows traffic in Central Kalimantan PALANGKA RAYA, Central Kalimantan (Antara): Several parts of Central Kalimantan have been covered with haze since the start of the drought in early July. The haze is posing an obstacle to traffic in towns as well as the countryside.