Indonesian Political, Business & Finance News

Archive: 2 September 1999

58 articles found

East Timor vote count begins amid heavy security

East Timor vote count begins amid heavy securityBy Dwi Atmanta & Budiman Moerdijat DILI, East Timor (JP): The United Nations Mission in East Timor (UNAMET) began counting on Wednesday the votes cast in Monday's landmark ballot in this troubled province.

Soleh takes featherweight crown

Soleh takes featherweight crown JAKARTA (JP): Indonesian boxer Soleh Sundava won the featherweight title of the Pan Asian Boxing Association (PABA) after canvassing Park Sung-hoon of South Korea on Tuesday night.

Promises coax refugees to leave

Promises coax refugees to leave BANDA ACEH, Aceh (JP): About 13,000 refugees have returned home following the promise of Indonesian Military (TNI) chief Gen. Wiranto to withdraw Crack Riots Troops (PPRM) from Aceh, the Ministry of Health's crisis center said here on Wednesday.

The bill has to go

The bill has to go Perhaps no countries on this planet are as busy as Indonesia is today. However, our hustle-and-bustle activities here have nothing to do with a killer earthquake or inhumane acts of ethnic cleansing, but the administration and the House of Representatives controversial efforts to...

Tension continues in Medan

Tension continues in Medan MEDAN, North Sumatra: Tension continued on Wednesday in Medan as clients of a firm which promised quick profits surrounded its office building, demanding their investments.Fire was seen in one part of the building and police fired warning shots. No injuries were reported.

KONI to propose review of sports in state guidelines

KONI to propose review of sports in state guidelines JAKARTA (JP): The National Sports Council (KONI) plans to recommend the House of Representatives to review their vision for national sports development in the next state guidelines (GBHN).

Legislators with coolie mentality

Legislators with coolie mentalityFrom Media IndonesiaI agree with University of Indonesia political observer M. Budyatna's statement "Legislators have a coolie mentality" on the case of the award/separation pay conferred to the legislators of the 1997/2002 period by B.J.

Photo exhibition shows the surreal in the every day

Photo exhibition shows the surreal in the every dayBy Aendra H. Medita JAKARTA (JP): Two photographers from Germany and Indonesia display their works, showing different angles that are both inspiring and phenomenal.

PT Intraco Penta back in the black

PT Intraco Penta back in the black JAKARTA (JP): PT Intraco Penta Tbk announced on Wednesday a net profit of Rp 28.16 billion (US$3.75 million) in the first semester of 1999. This is in contrast to a Rp 280.35 billion loss for a previous semester last year.

Globalization and social dialog in Indonesia

Globalization and social dialog in Indonesia The following article is based on a paper presented at a seminar on globalization by Iftikhar Ahmed,director of the International Labor Organization (ILO), Jakarta. The seminar, which was held in Jakarta from Aug. 24 to Aug.

Decision on Soeharto to take 'another week'

Decision on Soeharto to take 'another week' JAKARTA (JP): The government said it needed another week to verify evidence of alleged corruption before it can determine the legal status of former president Soeharto.

Rice aid goes rotten

Rice aid goes rotten PADANG, West Sumatra: A contribution of at least 16.5 metric tons of rice sent by the State Ministry of Food and Horticulture was found rotten in several district offices, an official said.The rotten rice was not taken away as of Tuesday as further instruction was anticipated.

Wiranto belittles critics of bill on state security

Wiranto belittles critics of bill on state security JAKARTA (JP): Minister of Defense and Security Gen. Wiranto lambasted on Wednesday critics of the bill on state security and civilian militia, arguing that much of the opposition was based merely on undue suspicion and a lack of understanding of...

IBRA to take legal action against 17 debtors

IBRA to take legal action against 17 debtors JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Wednesday that it would immediately take legal action against 17 "uncooperative" debtors owing combined bad debts of Rp 3.86 trillion (about US$515 million) and $770.

Novotel hotel holds contest

Novotel hotel holds contest JAKARTA (JP): The Bogor-based Novotel hotel will hold a contest for young and educated girls on Sept. 9 to promote Indonesian tourism in France, the hotel official said on Wednesday.

IMF warns Asia's economic recovery still 'precarious'

IMF warns Asia's economic recovery still 'precarious' TOKYO (AFP): Asia is returning to growth but it is a "precarious recovery" and several weaknesses still remain across the region, the IMF's head of Asian operations warned Wednesday.

The New Order economy as seen from the present

The New Order economy as seen from the presentBy Emil Salim This is the second of two articles based on a paper presented at a recent conference on Indonesian modern economic history with the theme "Crisis and Continuity: Indonesian Economy in the 20th century" organized by the Forum on the...

Insurance pool for tree crop and forestry risks

Insurance pool for tree crop and forestry risks JAKARTA (JP): PT Aon Lippo Indonesia and 20 local insurance companies launched an insurance pool on Wednesday to underwrite forestry and tree crop risks.Junaedy Ganie, the president of Aon Lippo, a subsidiary of the U.

Natuna gas project management

Natuna gas project management Commission V of the House of Representatives (DPR) has recommended that the government cancel PT McDermott's contract to construct the Natuna gas pipeline, worth US$335 million, as reported in Bisnis Indonesia and Media Indonesia on Aug 27.

FPTI prepares climbers for PON

FPTI prepares climbers for PON JAKARTA (JP): The Indonesian Climbing Federation (FPTI) is preparing its athletes for the 2000 National Games (PON), the first Games to feature climbing events.FPTI's new chairman, Maj. Gen.

Corporation awards US$10,000 to UGM

Corporation awards US$10,000 to UGM YOGYAKARTA (JP): The Gajah Mada University's (UGM) school of engineering was awarded US$10,000 by the Schlumberger Stichting corporation on Wednesday.The donation was delivered by the president of Schlumberger Stichting for Indonesia, Salm El Sayed, to university...

Indocement denies rights issue plan

Indocement denies rights issue plan In reference to Indocement to launch rights issue published in The Jakarta Post on Sept. 1, I would like to clarify that the report of the rights issue is not true.The subject of a news conference held by Indocement following its extraordinary shareholders...

Indonesia a friend not foe to Australia

Indonesia a friend not foe to Australia This article is based on a farewell speech by Indonesian Ambassador to Australia S Wiryono at the 1999 Merdeka Luncheon, organized jointly by the Australia Indonesia Business Council (AIBC), New South Wales branch, and the Consul General of the Republic of...

SBI rate drops again

SBI rate drops again JAKARTA (JP): Bank Indonesia said the interest rate of its one-month promissory notes (SBIs) dropped by another nine basis points at the central bank's weekly auction on Wednesday.The weighted average interest rate of the one-month SBI notes dropped to 12.97 percent from 13.

Mother tells of distress of deformed baby's death

Mother tells of distress of deformed baby's death JAKARTA (JP): A poor housewife who lives in a tiny hut under the Kota flyover in Penjaringan, North Jakarta, has told the sad story of her one-day old baby boy, who raised neighbors' curiosity due to the strange shape of the top of his head.

Harassed Hermes statue to rest at Fatahillah museum

Harassed Hermes statue to rest at Fatahillah museum JAKARTA (JP): A city parks agency official said on Wednesday that the antique statue of the Greek god Hermes, which stood on a bridge near the presidential palace for decades, is temporarily being placed at the Fatahillah Museum in North Jakarta.

Police begin extradition of American wanted in RP

Police begin extradition of American wanted in RP JAKARTA (JP): National Police are now working on extradition papers for 54-year-old Dennis Austin Standefer, recently arrested for overstaying his visa here and wanted by Interpol in Manila for fraud and rape charges, a police source said on Tuesday.

E. Asia, Latin America seek closer ties through new body

E. Asia, Latin America seek closer ties through new body SINGAPORE (AFP): Senior officials from 27 East Asian and Latin American countries were to meet here Wednesday to inaugurate a new body designed to boost trade and diplomatic ties between the two regions.

BII picks new chief as founder quits

BII picks new chief as founder quits JAKARTA (JP): Shareholders of Bank Internasional Indonesia (BII) approved on Wednesday the appointment of Hanafi Gan as the bank's new president director.Gan, a Malaysian citizen who was previously an executive of Bank of America's Jakarta office, replaced Indra...

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 8:25...

Young shuttlers advised to overcome mental obstacles

Young shuttlers advised to overcome mental obstacles DENPASAR, Bali (JP): Badminton Association of Indonesia (PBSI) training director Christian Hadinata said on Wednesday Indonesian players must overcome psychological barriers during a certain period in their careers.

Reformist leaders called on to unite in solving bank scandal

Reformist leaders called on to unite in solving bank scandal JAKARTA (JP): Experts urged on Wednesday for the country's reformist political leaders to unite to resolve the Bank Bali scandal and prevent an outbreak of widespread violence.

Sea shell sales should be stopped

Sea shell sales should be stopped I was shocked and saddened to see a photograph published on Aug. 22, 1999 in your Spotlight section. This picture showed I. Gede Ardika, the Director General of Tourism, admiring a display of souvenirs at the Kemilau Bali (Sparkle of Bali) exhibition in Jakarta.

Four peaople die in clashes in Ambon and Saparua

Four peaople die in clashes in Ambon and Saparua AMBON, Maluku (JP): At least four people were killed and six injured in clashes in Saparua, Central Maluku, and Ambon on Wednesday.In intervillage violence in Ambon, the head of the Wailawa hamlet in Tawiri village, G. Nola, was killed.

Grandson of expert charged over drugs

Grandson of expert charged over drugs JAKARTA (JP): The 20-year-old grandson of a prominent criminal law expert was indicted at the Central Jakarta District Court on Wednesday for possessing 0.018 grams of heroin.

Henri Leo's assets do not add up to Rp 800b: Lawyer

Henri Leo's assets do not add up to Rp 800b: Lawyer JAKARTA (JP): The Ministry of Defense and Security has extended the deadline for businessman Henri Leo, the man at the center of a Rp 410 billion (US$55.4 million) scam at military insurer Asabri, to repay his debt, his lawyer said on Wednesday.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting Exhibition: by Joan Miro and Nashar, at Darga Gallery, Sanur Raya Complex 20-21, Jl. By Pass Ngurah Rai, Denpasar, (Phone: 0361 285249), 11 a.m. to 7 p.m., until Sept. 23.

Surakarta beefs up security

Surakarta beefs up security SURAKARTA: Some 3,000 security officers from the military and police will be deployed to secure President B.J. Habibie's visit in Surakarta. He is slated to open the 16th National Games which start on Sept. 9.

Team to probe marketing of SIM cards

Team to probe marketing of SIM cards JAKARTA (JP): The Directorate General of Post and Telecommunications said on Wednesday it will set up a team to investigate reports of unfair practices in the marketing of cellular prepaid subscriber identity module (SIM) cards.

Coconut Day: International celebration of the 'prince of palms'

Coconut Day: International celebration of the 'prince of palms'By Muhartoyo JAKARTA (JP): In beauty and utility no other tree can surpass the coconut tree. It is the most extensively grown and used nut in the world and it is the most important palm. Its uses are many and varied.

Oil hits 22-mont high in Asian trade

Oil hits 22-mont high in Asian trade SINGAPORE (Reuters): Crude prices in Asia rose to fresh 22- month highs on Wednesday, underpinned by producers' tight grip on world supplies.October Brent crude futures, trading on the Singapore International Monetary Exchange (SIMEX) rose to $21.

Violence shakes Dili once again

Violence shakes Dili once again DILI, East Timor (JP): At least one person was killed and three others injured in the latest violence targeted at the United Nations Mission in East Timor (UNAMET) on Wednesday.

TNI ready to welcome UN peacekeeping force

TNI ready to welcome UN peacekeeping force JAKARTA (JP): Top military officials said they were doing their best to maintain security in East Timor, and were willing to gradually withdraw their troops if a United Nations peacekeeping force was sent to the territory to safeguard the transition period.

Indonesia donates money to Turkish quake victims

Indonesia donates money to Turkish quake victims JAKARTA (JP): Indonesia has donated US$50,000 to Turkey to aid thousands of earthquake victims in Kocaeli province, Turkey.Minister of Social Services Justika Baharsjah presented the donation to Turkish Ambassador Deniz Uzmen in a simple ceremony on...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 1, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 425 -50 4,000 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 275 25 75,000 Alumindo...

Paul out for second win in drag race

Paul out for second win in drag race JAKARTA (JP): Canadian Robert J. Paul is seeking another victory on Sunday in the third leg of a drag race at Sentul Circuit near Bogor."I just can't wait to win again and I will give my best performance at the race," Paul said on Wednesday.

Suicide murder in Klungkung

Suicide murder in Klungkung DENPASAR, Bali: A 23-year-old mother committed suicide after she killed her 18-month-old daughter at her house in Klungkung regency, police said on Wednesday.The incident took place at Pesinggahan village.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on September 1, 1999: Buying Selling Rp Rp U.S. dollar 1 7,627.00 7,703.00Australian dollar 1 4,866.03 4,922.22Austrian schilling 1 585.59 591.99Belgian franc 1 199.75 201.93Brunei dollar 1 4,534.48 4,582.39Canadian dollar 1 5,102.70 5,155.

Hero workers rally for hike in salary

Hero workers rally for hike in salary JAKARTA (JP): Over 1,000 staff members from at least 14 Hero supermarket outlets in Greater Jakarta staged a rally in front of the company's headquarters on Jl. M.T. Haryono in South Jakarta on Wednesday.

Easy does it for top seeds in Indonesia Open

Easy does it for top seeds in Indonesia OpenBy Primastuti Handayani DENPASAR, Bali (JP): The top seeds cruised through to the third round of the US$150,000 Sanyo Indonesia Open on Wednesday after winning in the first and second round matches at Yuwana Mandala Hall.

Sutiyoso asks council to focus on bus fares

Sutiyoso asks council to focus on bus fares JAKARTA (JP): Governor Sutiyoso wrote to the newly established City Council on Wednesday asking them to prioritize the city administration's proposal of putting up the price of bus fares.

Woman kills spouse in front of kids

Woman kills spouse in front of kids JAKARTA (JP): South Jakarta Police detectives arrested a 39- year-old woman for stabbing her allegedly abusive husband on Tuesday evening.Officer Second Lt. Kasroni said on Wednesday that Nurjanah, the fourth wife of taxi driver Suwardi, 42, was apprehended at...

Where to go in Surabaya:

Where to go in Surabaya:Performance * Pantomime: by Quebec (Canadian), at CCF - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 7 p.m., Sept. 9.Film * European Film Festival, at Mitra 21, Jl. Yos Sudarso 15, Sept. 30 to Oct. 1.Fair * Books Fair at CCF - French Cultural Center, Jl.

Humpuss' naphtha exports down

Humpuss' naphtha exports down JAKARTA (JP): Petrochemical company PT Humpuss Aromatik Lhoksemawe's naphtha exports fell 40 percent to 337,392 tons in the second quarter of the year, from 473,897 tons in the first quarter of the year, due to depressed demand.

Habibie asked to open karate c'ship

Habibie asked to open karate c'ship JAKARTA (JP): The Indonesian Karate-Do (Inkado) asked President B.J. Habibie to open the World Karate Championship in Bali, scheduled for April 19 to April 23 next year.World Shotokan black belt honorary council chief Surono and Inkado chairman E.

Sewu New York posts sales growth of 200%

Sewu New York posts sales growth of 200% Sewu New York Life recorded sales of Rp 34.19 billion for the first half of 1999, 200 percent more than for the same period last year. The company inaugurated today its 14th branch in Jabotabek (Jakarta-Bogor-Tangerang-Bekasi).

PPI finally distributes DPR seats

PPI finally distributes DPR seats JAKARTA (JP): The National Elections Committee (PPI) closed the extended saga on the distribution of legislative seats on Wednesday, allocating the remaining 120 seats in the House of Representatives (DPR).

Police arrest three, seize 150 kgs of marijuana in raid

Police arrest three, seize 150 kgs of marijuana in raid JAKARTA (JP): Police seized 150 kilograms of marijuana, worth about Rp 2.25 billion (US$321,000), from three suspected drug traffickers in a single raid in Bogor early Wednesday morning, the city police detectives chief said.Col.