Indonesian Political, Business & Finance News

Archive: 3 September 1999

54 articles found

Blue skies gone as heavy smog shrouds the city

Blue skies gone as heavy smog shrouds the city JAKARTA (JP): Thick smog has darkened the skies above the city for the past few weeks, cutting the visibility of capital residents.The smog created a thick blanket over the entire city on Thursday.

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.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 2, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 425 0 14,000 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 275 0 12,500 Alumindo Light...

Water rate hike set for Bogor

Water rate hike set for Bogor BOGOR (JP): Local drinking water company PDAM Bogor is to hike water rates between 10 percent and 40 percent beginning next month to cope with its chronic losses, its president said on Wednesday.

Indonesia needs to avoid Japanese syndrome

Indonesia needs to avoid Japanese syndromeBy Sauri Hasibuan JAKARTA (JP): An object at rest stays at rest. An object in motion stays in motion. That, at least, is the Newtonian law of physics. A theorem that is both definable and formulaic.

Three candidates named to replace Gus Dur

Three candidates named to replace Gus Dur JAKARTA (JP): The Yogyakarta chapter of the Nahdlatul Ulama (NU) Muslim organization nominated three candidates to replace current chairman Abdurrahman Wahid, better known as Gus Dur.

Indah Kiat plans Rp 1.5t bond issue to repay debt

Indah Kiat plans Rp 1.5t bond issue to repay debt JAKARTA (JP): Publicly listed PT Indah Kiat Pulp & Paper will soon issue bonds worth up to Rp 1.5 trillion (about US$200 million) to repay part of its debts.

Stop the violence

Stop the violence The attack on the office of the United Nations Mission in East Timor (UNAMET) in Dili on Wednesday, while deplorable, came as no surprise to those who have closely followed events unfolding in the territory these past few days.

ICRC to clarify role in Irianese hostage crisis

ICRC to clarify role in Irianese hostage crisis JAKARTA (JP): In a bid to restore "the trust of all parties", the International Committee of the Red Cross (ICRC) is sending a special envoy here to clarify its involvement in the tragic end of the 1996 Irian Jaya hostage crisis.

One killed, two injured in Manggarai clashes

One killed, two injured in Manggarai clashes JAKARTA (JP): At least one man was killed and two others seriously injured in clashes between residents of Manggarai district in South Jakarta, while at least four buildings were set ablaze, witnesses said on Thursday.

Cebu, East Java tie up

Cebu, East Java tie up JAKARTA (JP): The Philippine province of Cebu will open a trade office in East Java's provincial capital of Surabaya to promote trade links between the provinces, the Philippine ambassador to Indonesia said.Leonides T.

Witness denies police report

Witness denies police report JAKARTA (JP): A witness retracted in court an earlier statement he made that a student had intentionally hit a cordon of soldiers during a student demonstration in November last year.

Top seeds tumble in third round of Indonesia Open

Top seeds tumble in third round of Indonesia OpenBy Primastuti Handayani DENPASAR, Bali (JP): Top-seeded badminton players started to tumble in the third round of the US$150,000 Sanyo Indonesia Open at Yuwana Mandala Hall here on Thursday.

Anwar remains defiant in jail

Anwar remains defiant in jail KUALA LUMPUR (AFP): One year after he was fired, former deputy prime minister Anwar Ibrahim has emerged as Malaysia's most prominent dissident, campaigning from behind bars for the ousting of Prime Minister Mahathir Mohamad.

Media biased in Kosovo reporting

Media biased in Kosovo reporting Unlike earlier -- when extremely broad publicity was given in The Jakarta Post and other media to the situation in the Serb province of Kosovo, with an abundant number of reports, articles, analysis and opinions, as well as disturbing images on television every day...

Police in charge at Pongkor mine

Police in charge at Pongkor mine BOGOR (JP): The military has handed over security responsibilities for the troubled Pongkor gold mine in Nanggung subdistrict to the police, Suryakencana Military Resort Command chief Col. Suprapto said.

Rp 78 million taken in armed robbery at showroom

Rp 78 million taken in armed robbery at showroom JAKARTA (JP): South Jakarta Police detectives are searching for four men, one of them armed, who stole Rp 78 million from a 51-year-old woman on Wednesday.

Parties set to vie for MPR regional representative seats

Parties set to vie for MPR regional representative seats JAKARTA (JP): Due to time constraints, city councilors here will likely agree to retain the previous City Council's internal regulation for the election of the capital's five representatives to the People's Consultative Assembly (MPR).

Woman killed in passenger panic

Woman killed in passenger panic JAYAPURA, Irian Jaya: A women was trampled to death as passengers panicked trying to disembark from the KM Umsini passenger liner when its galley caught fire.The ship had just docked at Sorong harbor on Wednesday afternoon from Ambon, Maluku, and passengers were...

Asian currencies fall against U.S. dollar

Asian currencies fall against U.S. dollar SINGAPORE (Dow Jones): The Korean won continued to fall against the U.S. dollar during Asian trading hours Thursday, as continuing bad news battered the local stock market and raised concerns that hoped-for financial and corporate restructuring would not...

Fans kidnap Palmeiras striker

Fans kidnap Palmeiras striker SAO PAULO (Reuters): Kidnappers abducted Palmeiras striker Paulo Nunes -- and freed him 10 minutes later because they support the Brazilian club.Shocked after discovering their mistake, the two captors released Nunes unharmed on a Sao Paulo highway.

UI academics meet President to convey political concern

UI academics meet President to convey political concern JAKARTA (JP): Academics at the University of Indonesia met with President B.J. Habibie on Thursday to convey their concern over the ongoing political bickering, lamenting that political elites had no interest in understanding public...

Globalization and human rights

Globalization and human rightsBy T. Mulya Lubis JAKARTA (JP): Does culture matter? This question was raised by Abdullahi An-Naim, a highly acclaimed scholar of human rights from Sudan. The international community respected An-Naim's clarity and consistency in advocating universal rights, despite...

Incompetence caused poll delays: Observers

Incompetence caused poll delays: Observers JAKARTA (JP): Delays in tallying the results of the June elections and disputes over vote-sharing agreements reflect the incompetence of poll organizers, official supervisors of the elections and political lecturers said on Thursday.

Indonesia's first futures exchange scheduled to open in March

Indonesia's first futures exchange scheduled to open in March JAKARTA (JP): Indonesia Futures Exchange (IFEX), the country's first commodity futures exchange, will begin trading in March next year, the exchange's president Hasan Zein Mahmud said on Thursday.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on September 2, 1999: Buying Selling Rp Rp U.S. dollar 1 7,709.00 7,787.00Australian dollar 1 4,910.63 4,968.11Austrian schilling 1 592.50 599.07Belgian franc 1 202.11 204.35Brunei dollar 1 4,578.06 4,627.13Canadian dollar 1 5,178.69 5,232.

Motorbike repaired at last

Motorbike repaired at last Following my letter in The Jakarta Post, Aug. 30, 1999, concerning repairs made on my Suzuki motorbike, I am happy to say that the matter has been resolved. I would therefore like to thank the staff at PT Sinar Roda and Sun Motor for their efficiency in dealing with this...

Datakom names UK firm advisor

Datakom names UK firm advisor JAKARTA (JP): Multimedia company PT Datakom Asia said on Thursday it had appointed PT Rothschild Indonesia, a subsidiary of a London-based financial adviser, to help in the restructuring of its US$440.6 million in debts.

German expert defends antimonopoly law

German expert defends antimonopoly law JAKARTA (JP): A German expert, who helped draft the country's newly introduced antimonopoly law, denied on Thursday allegations that the law was aimed at harming the development of successful Indonesian enterprises.Antimonopoly expert Prof.

Muslim faction not exclusive

Muslim faction not exclusiveFrom Rakyat MerdekaInteresting political developments have taken place in this country. Hamzah Haz of the United Development Party (PPP), in cooperation with eight small Muslim parties, launched the idea of forming a Muslim faction in the House of Representatives (DPR)...

The confusion at KPU

The confusion at KPU Problems seem to be descending without end on the General Elections Commission (KPU). The latest problem has come in the wake of a vote taken within the commission last Monday, killing a vote-sharing agreement (stembusakkoord) reached in preballoting stages among eight...

Art forum opens Sunday

Art forum opens Sunday UJUNGPANDANG, South Sulawesi: Some 200 artists and critics, from locally and overseas, will participate in the Makassar Art Forum to be opened here on Sunday.The event, which will last till Sept.

Oil down as report rattles confidence

Oil down as report rattles confidence SINGAPORE (Reuters): Crude prices in Asia were weaker on Thursday, falling from 22-month highs after a report raised the prospect of OPEC slightly loosening the production taps.

Parents told to help kids say no to drugs

Parents told to help kids say no to drugs JAKARTA (JP): Parents, don't neglect to look out for your teenage kids, otherwise, your beloved children may have to face a dangerous challenge -- drugs -- alone.

Supermarket stops selling turtle eggs

Supermarket stops selling turtle eggs DENPASAR, Bali: A supermarket in Denpasar has stopped selling turtle eggs after an environmental organization pointed out the damage the egg trade has on the survival of the turtles.

Ombudsman, a means for good governance

Ombudsman, a means for good governanceBy Benget Simbolon Tnb. JAKARTA (JP): At a seminar here last week, a prominent speaker from the Netherlands presented a new and distinctive idea to Indonesia's fledgling democracy: having an ombudsman.

MLM customers blockade road

MLM customers blockade road MEDAN, North Sumatra: Hundreds of customers from Higam Net multi-level marketing company vented their frustration by blocking a major street here on Thursday.The group set piles of wood and rubber tires on Jl. Gatot Subroto, causing a heavy traffic jam.

Fishery firm to offer 84 million shares to public

Fishery firm to offer 84 million shares to public JAKARTA (JP): PT Bahtera Adimina Samudra, an export-oriented fishery company, will offer 84 million shares to the public later this month to raise funds for its planned expansion.

Indosat plans to use more submarine cables in future

Indosat plans to use more submarine cables in future JAKARTA (JP): Publicly listed state-owned telecommunications company PT Indosat will boost the use of submarine cables to support its future transmission activities.

Activists warn of civil disobedience over security bill

Activists warn of civil disobedience over security bill JAKARTA (JP): Political activists warned on Thursday of the likelihood of civil disobedience if the House of Representatives failed to suspend its deliberation of the controversial bill on state security and civilian militia.

Tension and fear prevail in Dili

Tension and fear prevail in Dili DILI, East Timor (JP): Tension reigned on Thursday amid fears of further violence ahead of next week's announcement of the results of Monday's ballot on East Timor's future.

Government studies required hiring of disabled

Government studies required hiring of disabled JAKARTA (JP): The government is considering drafting a bill to compel companies to employ disabled people.Minister for Social Services Yustika Baharsyah said in a seminar on employment here on Thursday that a new law is needed to ensure equal...

Bali waits for Megawati to become Indonesia's president

Bali waits for Megawati to become Indonesia's presidentBy Degung Santikarma DENPASAR (JP): It's only a few minutes past noon in Denpasar, but already Made Sukra, long known as the best tailor in the neighborhood, has had to turn away a dozen potential customers.

Fire destroys admin office

Fire destroys admin office PALANGKARAYA, Central Kalimantan: Fire razed the Palangkaraya administration office in the early hours of Thursday, causing total losses of about Rp 15 billion, Antara reported.

House leaders decide not to summon Habibie

House leaders decide not to summon Habibie JAKARTA (JP): Leaders of the House of Representatives fanned the fire of controversy in the Bank Bali scandal on Thursday by deciding not to exercise their constitutional right to summon President B.J. Habibie.

Millions benefit from special rice program

Millions benefit from special rice program JAKARTA (JP): The government program to sell heavily subsidized rice to poor people has benefited some 49 million people since its launching in August last year, according to consultants hired to assess the scheme.

Meulendjiks hopes Mia will be a treat for the Dutch team

Meulendjiks hopes Mia will be a treat for the Dutch team DENPASAR, Bali (JP): Dutch women's team coach Judith Meulendjiks is hopeful the presence of former Indonesian number one Mia Audina on her squad will lift her players to a higher level.

UN condemns latest violence in East Timor

UN condemns latest violence in East Timor JAKARTA (JP): The United Nations on Thursday "strongly condemned" the latest outbreak of violence in East Timor and called on the Indonesian government to take immediate steps to prevent a further recurrence.

Drug traffickers turning to women couriers: Police

Drug traffickers turning to women couriers: Police JAKARTA (JP): Fearing arrest themselves, some drug traffickers have begun recruiting young Indonesian girls as smugglers and dealers, a senior officer said on Thursday.The chief of the National Police narcotics division, Col.

Hidden treasures abound in neglected Bali museum

Hidden treasures abound in neglected Bali museumBy Putu Wirata DENPASAR, Bali (JP): Gilimanuk Archeology Museum in Jembrana, western Bali, is languishing. The seaside museum consists of a two-story building where the collections are badly displayed.

YLKI balks at plan to hike toll road fees

YLKI balks at plan to hike toll road fees JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) expressed strong objection on Thursday to the government's plan to raise tolls on several tollways in the country, including the Jagorawi toll road.

Military ready to evacuate up to 250,000 from East Timor

Military ready to evacuate up to 250,000 from East Timor DILI, East Timor (JP): The Indonesian Military (TNI) has prepared a contingency plan to evacuate up to 250,000 people from East Timor by land, sea and air if the tension there develops into a full-scale war.

2,000 residents of Aceh lie on road in protest

2,000 residents of Aceh lie on road in protest SIGLI, Aceh (JP): About 2,000 residents from several districts in Pidie, on their way to Banda Aceh in dozens of buses and trucks, lay on the road in protest on Wednesday night after being stopped by security forces in Glumpangtiga district.

Project aims to train, educate student-athletes

Project aims to train, educate student-athletes JAKARTA (JP): The government and the National Sports Council (KONI) will discuss the possibility of sports training for talented elementary and secondary school students which will be designed not to disrupt their education.