Indonesian Political, Business & Finance News

Archive: 10 September 1999

54 articles found

The tricky road to a legitimate government

The tricky road to a legitimate governmentBy Jusuf Wanandi JAKARTA (JP): The expectations that the recent general election would solve the Indonesian crisis were premature. It does not recognize the complexities of the crisis and the state of political development of the country resulting from 32...

Portentous date passes uneventfully

Portentous date passes uneventfully YOGYAKARTA (JP): The dreaded date of 9-9-1999 passed on Thursday without much calamity thanks to, according to some, traditional exorcism rituals performed in several places across the country.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 9, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 400 0 17,000 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 250 0 109,000 Alumindo...

Who's in charge here?

Who's in charge here? The unexpected turn of events in East Timor has put President B.J. Habibie's political future on the line. Not only is he facing a barrage of criticisms for his administration's failure in preventing violence in East Timor, but he is also coming under strong pressure on the...

No action from political elite?

No action from political elite?From Suara KaryaIf we asked the Indonesian people, "What is, at the moment, the most urgent matter?" what would they answer? Undoubtedly, "Freedom from all difficulties in daily life and freedom from fear.

East Timor under siege

East Timor under siege Indonesia's military and millions of nationalists deeply resent the offer of independence (to East Timor) and worry that it could encourage separatist movements in other regions. What East Timor is suffering is not chaos but an organized rampage by the militias, as some of...

DPR must reject security bill

DPR must reject security billFrom Media IndonesiaAs a layman I am concerned about the state security bill (RUU KKN) that is currently being debated by the House of Representatives (DPR) without taking into consideration the community's objections to the bill.

UN refugee body wants rapid access to East Timorese

UN refugee body wants rapid access to East Timorese JAKARTA (JP): The United Nations High Commissioner for Refugees (UNHCR) is awaiting approval from the Indonesian government and military to resume its work assisting East Timorese refugees, the commissioner's director said.

Four die from breathing problems

Four die from breathing problems PURBALINGGA, Central Java: Some 200 residents in two villages in the Karangmoncol district are suffering from severe respiratory problems which recently claimed the lives of four infants.

Rupiah recovers after hitting 9,000 level

Rupiah recovers after hitting 9,000 level JAKARTA (JP): The rupiah recovered in late trading on Thursday after breaching the 9,000 level against the U.S. dollar amid uncertainty over President B.J. Habibie's rumored resignation.

Speakers urge greater public access to nation's history

Speakers urge greater public access to nation's history SERPONG, West Java (JP): Speakers at a seminar on the history of the 1965 turmoil have urged historians and the public to be given access to all related information.R.Z.

Student demonstration mars Sports Day celebration

Student demonstration mars Sports Day celebration SURAKARTA, Central Java (JP): The commemoration of the 16th National Sports Day on Thursday at Manahan Stadium was marked by a student demonstration and the absence of President B.J. Habibie, who had earlier planned to attend the ceremony.

Maluku residents breathe easy after riot rumors prove unfounded

Maluku residents breathe easy after riot rumors prove unfounded AMBON, Maluku (JP): Residents here were relieved on Thursday when rumors of large-scale riots did not materialize. Security personnel had erected barbed wire barricades on both sides of the streets, ready to be moved when needed.

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 Talk Show 9:00 World News 9:30 Talk Show...

On-line Mandarin daily launched

On-line Mandarin daily launched JAKARTA (JP): Indonesia's first online Mandarin newspaper, Zhi Nan Ri Bao, was launched on Thursday.The new online newspaper is a joint endeavor between The Jakarta Post and Kompas dailies.

IMF closely watching E. Timor situation

IMF closely watching E. Timor situation HONG KONG (AP): Hubert Neiss, Asia-Pacific director of the International Monetary Fund, Thursday said the IMF is carefully watching the situation in East Timor and warned against the impact on Indonesia's currency.

Self-respect as a nation

Self-respect as a nation With reference to the post-ballot situation in East Timor in the past few days, Indonesia is like someone having one misfortune after the other. Indonesia has to feel both sad and ashamed for having to lose East Timor as part of its territory, and at the same time it has to...

Pornography industry surges in Surabaya

Pornography industry surges in SurabayaBy Gin Kurniawan SURABAYA (JP): A number of students in senior high school uniforms were seen crowding over a magazine in one corner of the Joyoboyo bus terminal. They had jointly bought the magazine from one of the newspaper boys there.

Indonesia pleads for more time on East Timor

Indonesia pleads for more time on East Timor JAKARTA (JP): Minister of Foreign Affairs Ali Alatas called on the United Nations and the international community on Thursday to give Indonesia time to prove it was capable of restoring law and order in East Timor.

Ex-Telkom men want higher pension fee

Ex-Telkom men want higher pension fee BOGOR (JP): About 230 members of PT Telkom Pension Fund Foundation in Bogor have staged complaints over a fierce gap between their pension fee and the exclusive facilities allegedly received by foundation executives.

Japanese LNG buyers to extend contracts

Japanese LNG buyers to extend contracts NUSA DUA, Bali (JP): Two of Indonesia's major liquefied natural gas (LNG) buyers have reached an initial agreement with Pertamina to extend their contract to buy LNG from the Arun LNG plant in Aceh, the state-owned oil company said here on Thursday.

Thief stripped, beaten to death

Thief stripped, beaten to death BOGOR (JP): Twenty-five-year-old Enjay, a resident of Saumeni village, was stripped and beaten to death on Wednesday by a mob in Mekar Wangi village of Tanah Sareal here after he was allegedly spotted attempting to steal a motorbike in the area.

Businesspeople unfazed by threat of boycott

Businesspeople unfazed by threat of boycott JAKARTA (JP): Indonesian businessmen played down on Thursday Australia's threat to impose trade sanctions against the country.Chairman of the Indonesian Exporters Association Amirudin Saud said on Thursday that Indonesia's foreign trade would not be...

Indonesia tells IMF to stay out of politics

Indonesia tells IMF to stay out of politics AUCKLAND (Dow Jones): Indonesia's senior economics minister, Ginandjar Kartasasmita, said Thursday he is "most concerned" about the recent fall in the value of the rupiah.

World transport unions back Indonesia protests

World transport unions back Indonesia protests MELBOURNE (Reuters): International transport workers called on Thursday for protests against air and sea traffic to and from Indonesia to pressure the Indonesian government into ending the atrocities in East Timor.

Vintage coast guard outwits foreign armada

Vintage coast guard outwits foreign armada PONTIANAK, West Kalimantan: Despite often being straddled with just vintage patrol boats, the coast guard showed that it was still a force to be reckoned with when a single patrol vessel captured eight illegal fishing boats.

Wahyuni cleared, keeps gold medal

Wahyuni cleared, keeps gold medal JAKARTA (JP): The 1999 Southeast Asian (SEA) Games Federation Executive Committee meeting in Brunei Darussalam on Wednesday decided to free Indonesian pencak silat athlete Ni Made Wahyuni from a doping charge and let her keep the gold medal.

Australian business laments East Timor fallout

Australian business laments East Timor fallout CANBERRA (Reuters): Michael Boud went cold when he saw television footage of Indonesian protesters burning Australia's flag at the embassy in Jakarta. "It's concerning to any Australian company," said Boud, the company secretary of miner Aurora Gold...

BFC survives bankruptcy

BFC survives bankruptcy JAKARTA (JP): The Jakarta Commercial Court rejected on Thursday the bankruptcy claim jointly filed by five Hong Kong- based creditors against listed finance company PT Bakrie Finance Corporation (BFC) on the lack of evidence.

Calm returns to ravaged East Timor, military says

Calm returns to ravaged East Timor, military says JAKARTA (JP): Calm has returned to East Timor in the past 48 hours after martial law was declared in the violence-torn territory, the military and locals said Thursday.Chief of the Security Restoration Operation Command in East Timor Maj. Gen.

PLN agrees with Japan on loan for plant buyout

PLN agrees with Japan on loan for plant buyoutBy Johannese Simbolon NUSA DUA, Bali (JP): State-owned electricity company PT PLN said on Thursday it had reached a preliminary agreement with the Japanese government over a US$1.

Laborious deliberation of press bill completed

Laborious deliberation of press bill completed JAKARTA (JP): The House of Representatives and the government passed new press legislation on Thursday, following a long discussion which resulted in the omission of several key clauses seen by some to be a hindrance to press freedoms.

Philippine daily

Philippine daily sued for sedition MANILA (AP): A former law professor sued the Philippine Daily Inquirer -- accused by President Joseph Estrada of mounting a smear campaign against him -- for allegedly inciting sedition, the newspaper reported on Thursday.

One dead in flag incident

One dead in flag incident JAYAPURA, Irian Jaya (JP): At least one person died Thursday morning when a group of Irianese in Sorong, about 670-kilometers west of here, forcibly tried to hoist the separatist West Papua Morning Star flag.A local priest, Rev.

East Timor's bad legacy

East Timor's bad legacy Indonesia is losing face in the eyes of world, due to the East Timor problem. East Timor is a bad legacy of the Soeharto regime but Habibie has made it worse.Back to 1977 [sic] when the problem started, there was not any referendum for Indonesians as to whether they would...

Garuda's flights to Australia continue

Garuda's flights to Australia continue JAKARTA (JP): National airline Garuda Indonesia said on Thursday that flights to Australia would run as scheduled, despite a boycott by the neighboring country's transport workers.

ADB not to suspend RI loan

ADB not to suspend RI loan MANILA (Dow Jones): The Asian Development Bank won't suspend previously approved emergency assistance loans to Indonesia despite the escalating violence in East Timor, a senior ADB official told Dow Jones Newswires.

House says no reasons for WB, IMF to suspend aid

House says no reasons for WB, IMF to suspend aid JAKARTA (JP): The House of Representatives sees no major reason for the World Bank and International Monetary Fund (IMF) to suspend aid disbursements to Indonesia.

Tommy's lawyers argue for case to be thrown out

Tommy's lawyers argue for case to be thrown out JAKARTA (JP): Lawyers representing Hutomo "Tommy" Mandala Putra called on the South Jakarta District Court on Wednesday to drop all charges against their client because of limited evidence to support corruption charges.

Busy airport, rallies defy doomsday rumors

Busy airport, rallies defy doomsday rumors JAKARTA (JP): A busy airport, noisy street rallies and scores of armed police and military personnel on main thoroughfares colored the capital on Thursday, Sept. 9, or 9/9/99.

Government insists Habibie in control of the military

Government insists Habibie in control of the military JAKARTA (JP): The government insisted on Thursday that the military and the government were solidly behind President B.J. Habibie, despite continuing speculation that obvious cracks in the administration had "weakened" his presidency.

Rudy says journal exists, keeps mum on contracts

Rudy says journal exists, keeps mum on contracts JAKARTA (JP): Former Bank Bali president Rudy Ramli acknowledged on Thursday the existence of a journal purportedly describing the involvement of President B.J. Habibie's inner circle in the Bank Bali scandal.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Poleng Cloth by Kayus Mulia, at Cahya photo gallery, Plaza Menteng, 2nd floor, Jl. H.O.S. Cokroaminoto 79, Menteng (Phone: 3907623), Central Jakarta, until Sept. 19. * Painting Exhibition: by Suwaji, at Lenong Fine Art, Jl.

Plans for 'Hermes' replicas opposed

Plans for 'Hermes' replicas opposed JAKARTA (JP): Deputy Governor for Social Welfare Djailani has opposed plans for replicas of the Greek god Hermes statue and construction of a statue of national hero Gen. Sudirman.

DLLAJ threatens to revoke bus permits

DLLAJ threatens to revoke bus permits JAKARTA (JP): The Jakarta Land Transportation Agency (DLLAJ) said on Thursday it would revoke the operation permits of bus companies which joined a strike planned for next Monday.

State safety bill means security for whom?

State safety bill means security for whom?By Lukas Luwarso JAKARTA (JP): During the New Order era, people were stifled in speaking their mind, while the government tightly regulated public expression for the sake of preserving its power.

Victim from Ambon sent to Jakarta

Victim from Ambon sent to Jakarta JAKARTA (JP): A victim of Ambon's ongoing unrest was flown on Wednesday to Cipto Mangunkusumo General Hospital in Central Jakarta with an arrow still stuck in his left eye.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 9, 1999: Buying Selling Rp Rp U.S. dollar 1 8,911.00 9,001.00Australian dollar 1 5,789.48 5,852.45Austrian schilling 1 687.09 694.16Belgian franc 1 234.37 236.78Brunei dollar 1 5,260.64 5,316.91Canadian dollar 1 5,988.58 6,053.

Air Philippines adds routes

Air Philippines adds routes MANILA (Dow Jones): Air Philippines Corp. has moved the scheduled launch of its international flight operation to Jan. 2000 from end-1999, Air Philippines President Sherwin Gatchalian said Thursday in a television interview.

CMNP moves to clean up loan furor

CMNP moves to clean up loan furor JAKARTA (JP): Publicly listed toll road operator PT Citra Marga Nusaphala Persada (CMNP) Tbk announced on Thursday the formal transfer of a US$70 million loan it secured from a Brunei firm to its parent company PT Citra Lamtoro Gung Persada.

Nokia opens new outlet

Nokia opens new outlet YOGYAKARTA (JP): Finnish cellular telephone manufacturer Nokia opened a retail outlet here on Thursday, in a bid to get a larger slice of the expanding cellular phone market in the city.

Habibie told to drop presidential bid

Habibie told to drop presidential bid SURAKARTA, Central Java (JP): Prompted by the political fall- out from the East Timor debacle, no less than 1,000 students took to the streets here on Thursday in different rallies against President B.J. Habibie's bid for a new term.

Street children told not to be provoked

Street children told not to be provoked JAKARTA (JP): The National Commission on Children's Rights (Komnas PA) met with a group of street children and warned them not be provoked by people who wanted riots in the capital, a commission official said on Thursday.

Soeharto vs 'Time' put off to Oct. 14 amid no-shows

Soeharto vs 'Time' put off to Oct. 14 amid no-shows JAKARTA (JP): Central Jakarta District Court adjourned on Thursday a legal battle between former president Soeharto and New York-based Time magazine until Oct. 14, after all seven defendants failed to appear at the opening session of the trial.