Indonesian Political, Business & Finance News

Archive: 4 September 1999

62 articles found

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 3, 1999: Buying Selling Rp Rp U.S. dollar 1 7,778.00 7,856.00Australian dollar 1 5,011.37 5,065.55Austrian schilling 1 603.74 610.37Belgian franc 1 205.94 208.20Brunei dollar 1 4,611.92 4,660.93Canadian dollar 1 5,200.24 5,254.

Will the real Habibie step forward?

Will the real Habibie step forward?By Donna K. Woodward MEDAN, North Sumatra (JP): When B.J. Habibie assumed his presidency in May 1998, few believed that he would stay in power longer than a couple of months. But he has beat all the odds by staying in the top office for more than a year now.

S'pore scientists report virus signs

S'pore scientists report virus signs SINGAPORE (AP): Victims of a deadly pig-linked virus that hit Malaysia and Singapore have displayed unusual symptoms such as having hallucinations of hogs running around their bed, Singapore's National Neuroscience Institute said on Friday.

What prospects for the future?

What prospects for the future? Over the past 15 months, President B.J. Habibie's government has not only failed to carry out the most urgent points on its agenda, it also created new problems such as the Bank Bali scandal.

E. Asia, Latin America edge toward closer ties

E. Asia, Latin America edge toward closer ties SINGAPORE (AFP): Countries from East Asia and Latin America edged closer towards establishing better ties after talks ended on Friday with both sides agreeing on cultural and economic exchanges.

Medal for a trouble maker?

Medal for a trouble maker?From Sinar PagiSurely every significant achievement deserves appreciation. Someone who has done a great thing should be honored in whatever possible manner. But I find the recent medal presentation by President Habibie something incomprehensible.

31 Trisakti students injured in brawl

31 Trisakti students injured in brawl JAKARTA (JP): A student was severely injured and some 30 others were hurt in a brawl between students of two rival faculties at Trisakti University in West Jakarta on Friday afternoon.

Asia Food's profit down

Asia Food's profit down SINGAPORE (Dow Jones): Asia Food & Properties Ltd. Friday said net profit fell 61 percent to S$38.3 million in the first half, despite a 52 percent rise in revenue to S$699 million.The company didn't explain why net profit fell.

Mahathir's APEC absence spurs talk of snap elections

Mahathir's APEC absence spurs talk of snap elections KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad's decision to withdraw from next week's Asia-Pacific summit in New Zealand fanned speculation on Friday that he would soon call snap elections.

Joint border post set for Kalimantan

Joint border post set for Kalimantan KUCHING, Sarawak: The Malaysian and Indonesian military plan to establish a joint border post at Timbang Mangaris, Sabah, to enhance security along their common border in Kalimantan.Commander of the First Malaysian Infantry Division Maj. Gen.

Ujungpandang prepares for art festival

Ujungpandang prepares for art festival JAKARTA (JP): Traditional performances by the Sulawesi natives of Makassar, Mak Coppong and Mak Cammana, along with choreography by Korea-born Sehn Hea-Ha will feature at the opening of the Makassar Art Forum '99 in Ujungpandang on Sunday.

Protest mars inauguration

Protest mars inauguration SEMARANG, Central Java: Dozens of students grouped in the Indonesian Muslim Students Action Front (KAMMI) staged a protest here on Friday during the swearing-in ceremony of provincial legislators.

Indonesia records six straight months of deflation

Indonesia records six straight months of deflation JAKARTA (JP): Indonesia's consumer price index, which measures inflation, declined for a sixth consecutive month in August by 0.93 percent from the level in July, driven particularly by lower unprocessed food prices, the Central Bureau of...

Bogor peaks a popular site for birds, says expert

Bogor peaks a popular site for birds, says expert BOGOR (JP): The mountains of Salak, Pangrango and Halimun in this area are among the 27 most popular habitats for birds in West Java, according to an environmental expert.Assistant project manager of Bird Life International Indonesia William M.

Kuntoro about to throw in towel over oil bill

Kuntoro about to throw in towel over oil bill JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Friday he was on the verge of giving up his four-month fight with the House of Representatives over the oil and gas bill.

Habibie to attend National Sports Day

Habibie to attend National Sports Day JAKARTA (JP): President B.J. Habibie is expected to attend National Sports Day on Sept. 9 at Manahan sports complex in Surakarta, Central Java.The assistant to the state minister of youth affairs and sports, Amrum Bustaman, said on Friday that 81 people,...

Only one firm gets ecological certification

Only one firm gets ecological certification JAKARTA (JP): Only one of 16 timber companies audited by the Indonesian Ecolabeling Agency (LEI) is qualified to receive its certification, the agency found in a pilot project conducted since late last year.

Golkar branch split in East Java

Golkar branch split in East Java SURABAYA, East Java: Friction within the East Java chapter of the Golkar Party spilled over on Friday as a group of cadres occupied the party's secretariat here on Jl. Ahmad Yani.

Rare birds sold in Germany after expo

Rare birds sold in Germany after expo BANDUNG (JP): The Wild Animal Conservation Forum (Foksi) urged the government to explain the disappearance of 55 rare birds of the paradise species (paradisaeidae), locally known as cendrawasih, after they were displayed recently in an animal exhibition in...

'Antara' warned over construction work

'Antara' warned over construction work JAKARTA (JP): The city museum and restoration agency has reprimanded executives of Antara news agency for the sloppy redevelopment of its old building that has partly cracked the existing buildings in the front of the block.

Attorney General ready to rush Soeharto report

Attorney General ready to rush Soeharto report JAKARTA (JP): Acting Attorney General Ismudjoko said his office could not complete the investigation of former President Soeharto by Thursday's promised deadline, but said that if required a hastily compiled report could be presented to President B.J.

Unsolved pollution problem

Unsolved pollution problem One of my neighbors, HW, opened a home industry for the production of shrimp crackers. The positive side is that he has created employment in the economic crisis. On the other hand he has generated a negative impact.

RI has nothing to be proud of

RI has nothing to be proud ofFrom Media IndonesiaOur country's condition gives cause for sadness. There is a feeling of regret because I always felt proud of Indonesia until I discovered the rotten systems -- implemented by the executive institutions and legal bodies -- which will worsen our...

Police arrest three over fake Supertetra capsules

Police arrest three over fake Supertetra capsules JAKARTA (JP): National Police officials have seized 10 million counterfeit capsules of the Supertetra anti-impotence drug and two tons of packaging material from two separate warehouses on Jl. Baturaja, in Tangerang.National Police spokesman Brig.

Family killed in crash

Family killed in crash TANGERANG (JP): A family of three died in a road accident on Jl. Gatot Subroto in Nagrak, Sentul village, Balaraja, on Friday morning.The victims were identified as Agus Burhanuddin, 35, his wife Kusniawati, 30, and their three-year-old daughter.

Asian currencies end mixed, baht recovers from 11-month low

Asian currencies end mixed, baht recovers from 11-month low HONG KONG (Dow Jones): Asian currencies enjoyed mixed fortunes on Friday.The expected purchase of two Thai banks by foreign investors helped lift the baht, particularly in the cross market against the Singapore dollar.

Nasution resigns as Rudy's lawyer

Nasution resigns as Rudy's lawyer JAKARTA (JP): Adnan Buyung Nasution announced late Friday he was resigning as the lawyer of Rudy Ramli, the most prominent figure in the politically charged Bank Bali scandal.

Japanese language test on Dec. 5

Japanese language test on Dec. 5 SURABAYA, East Java: The Japan Foundation, in cooperation with the Association of International Education of Japan, will hold its annual test of Japanese language proficency on Dec. 5.

Asian composers festival opens

Asian composers festival opens YOGYAKARTA: A six-day festival and conference of the Asian Composers League opened here on Thursday night, exploring the theme of "Spiritualism of Sounds and Structure in Contemporary Music".

Top seeds ousted at Indonesia Open

Top seeds ousted at Indonesia OpenBy Primastuti Handayani DENPASAR, Bali (JP): The top seeds in the men's and women's singles -- Peter Gade Christensen and Camilla Martin, both of Denmark -- were upset in the quarterfinals of the US$150,000 Sanyo Indonesia Open at Yuwana Mandala Hall on Friday.

73 Aceh refugees die from diseases in last two months

73 Aceh refugees die from diseases in last two months JAKARTA (JP): At least 73 people have died in refugee camps in Aceh over the past two months, while 45,000 people are still in shelters, an official said on Friday.

Security bill could meet defiant public

Security bill could meet defiant public YOGYAKARTA, Central Java (JP): More reactions over the drafting of the state security bill were expressed on Friday by scholars here.Lambang Triono, a sociologist at the Central Study for Peace and Security (PSKP) said the bill would provoke public resistance.

Jl. Antara, forlorn reminder of old Batavia

Jl. Antara, forlorn reminder of old BataviaBy Ida Indawati Khouw If you open any books on the Jakarta of old and the one of today, a site which will appear in the pages of both and still keeps a feeling of yesterday is the area along Jl. Antara in Sawah Besar, Central Jakarta.

Manggarai residents agree to hold dialog

Manggarai residents agree to hold dialog JAKARTA (JP): Following Tuesday's bloody clash that claimed the life of a resident, the two feuding groups at Bukit Duri in Manggarai, South Jakarta, have agreed to hold a dialog to solve the long-running dispute, a city official said on Friday.

Six people killed, 40 homes burned in Ambon clash

Six people killed, 40 homes burned in Ambon clash AMBON, Maluku (JP): Six people were killed, 25 others were injured and 40 homes were set on fire during a clash at daybreak on Friday.The fatalities were identified as La Hasan, 45, Johari, 40, Ludwig Samloy, 22, and David Paliama, 16, who died of...

Ni Made fails SEAG drug test

Ni Made fails SEAG drug test JAKARTA (JP): Indonesia's pencak silat (martial arts) gold medalist Ni Made Wahyuni has failed a drug test conducted by the Brunei Darussalam 1999 SEA Games organizer.National Sports Council (KONI) secretary-general Rudolf Warouw announced on Friday that a member of the...

A desperate plea for help from East Java

A desperate plea for help from East JavaBy Santo Koesoebjono WASSENAAR, the Netherlands (JP): The phone rang at my home in Holland. It was midnight here, or 5 a.m. in Indonesia. I picked it up and heard a woman's voice. She told me her name was Wati and that I did not know her.

Insurance program for Asia

Insurance program for Asia TOKYO (AFP): The Japanese government will start a new trade insurance program this month to boost trade with other Asian countries, a report said Friday.The international trade and industry ministry will encourage Japanese banks to extend loans to other Asian banks which...

Peacekeeping force not needed now: Indonesia

Peacekeeping force not needed now: Indonesia JAKARTA (JP): Minister of Foreign Affairs Ali Alatas ruled out on Friday the possibility of an international peacekeeping force being deployed in East Timor until the status of the province had been endorsed by the People's Consultative Assembly.

Cargill supplies soybeans

Cargill supplies soybeans JAKARTA (JP): Trading company PT Cargill Indonesia signed an agreement on Friday with the Federation of Indonesian Tempe and Tofu Cooperatives (INKOPTI) to supply 200,000 metric tons of U.S. soybeans to the federation over the next year.

Sungai Wain shows its natural beauty

Sungai Wain shows its natural beauty BALIKPAPAN, East Kalimantan (Antara): Balikpapan, nicknamed the "oil city", offers more than just the routine, dull sight of seemingly endless lines of barrels belonging to the state company Pertamina.

A reel good time at the movies

A reel good time at the movies JAKARTA (JP): Can't make up your mind about what movie to see this week? See if the following brief reviews, along with the grades, can be of any help. They are provided by film director Nan T. Achnas, screenwriter Rayya Makarim and film reviewer Tam Notosusanto.

Two Nigerians arrested for selling phony dollars

Two Nigerians arrested for selling phony dollars JAKARTA (JP): Police apprehended two Nigerians on Tuesday at Sahid Jaya Hotel in Jakarta for allegedly counterfeiting U.S. banknotes, city police detective chief Alex Bambang Riatmodjo said on Thursday.

PKB told to get 'guarantee' of support for Gus Dur

PKB told to get 'guarantee' of support for Gus Dur REMBANG, Central Java (JP): The National Awakening Party (PKB) has been told it should obtain a written guarantee from the alliance of Muslim-based parties on its intention to nominate Abdurrahman Wahid as a president candidate.

Audit sought on Lippo plan

Audit sought on Lippo plan JAKARTA (JP): Publicly listed Lippo Life's rights issue plan should be audited by an independent public accountant to ensure that the limited public offering plan is needed, the Jakarta Stock Exchange (JSX) said on Friday.

Foreign exchange reserves fall to US$15.8 billion

Foreign exchange reserves fall to US$15.8 billion JAKARTA (JP): The country's net foreign exchange reserves fell US$133.4 million to $15.8 billion as of Aug. 31, partly due to foreign debt payments.Bank Indonesia said on Friday in its latest weekly report that the level of forex net reserves was...

NZMG forms RI subsidiary

NZMG forms RI subsidiary JAKARTA (JP): Dairy products supplier New Zealand Milk Group (NZMG) announced on Friday the establishment of its Indonesian- based wholly owned subsidiary PT New Zealand Milk Indonesia (NZMI).

On the composer of Bengawan Solo

On the composer of Bengawan Solo Referring to the letter Composer of Bengawan Solo by M. Hadi S. in The Jakarta Post on Aug. 30, 1999, I am strongly convinced that Bengawan Solo was not composed by Gesang, but it was composed by the late Sujoko.

Students rally near Habibie's house

Students rally near Habibie's house JAKARTA (JP): Police arrested dozens of protesting students for staging an illegal street rally near President B.J. Habibie's residence on Jl. H.R. Rasuna Said in Kuningan, South Jakarta, on Friday.

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.

Taiwan oil giant eyes RP

Taiwan oil giant eyes RP TAIPEI (Reuters): Taiwan's Chinese Petroleum Corp on Friday revealed plans to build a US$600 million petrochemical plant in the Philippines, a move seen as way of coping with the loss of its domestic energy monopoly.

Nomination of Gus Dur unreal

Nomination of Gus Dur unrealFrom Rakyat MerdekaThe nomination of Abdurrahman Wahid, better known as Gus Dur, as the next president by the axis force is unreal as it has never been a fact. What has been persistently said in public about this matter is only the personal opinion of Amien Rais, which...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 3, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 425 0 0 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 250 -25 2,500 Alumindo Light...

Classical Javanese dance worth seeing

Classical Javanese dance worth seeing JAKARTA (JP): Famous choreographer Retno Maruti is back performing the classic Javanese dance Sekar Pembayun at the Grand Ballroom, The Dharmawangsa, South Jakarta, on Sept. 9, the organizing committee said on Friday.

Agung tells KONI to put more effort into training athletes

Agung tells KONI to put more effort into training athletes JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono urged the National Sports Council (KONI) to prioritize athlete's achievement in order to dominate regional sports.

Team to probe worker's death

Team to probe worker's death JAKARTA (JP): The government will set up a team to investigate the death of female worker Juju Julijah who died in a hunger strike last month, a manpower ministry official said on Friday.

The fight against drugs

The fight against drugs Jakarta's Governor Sutiyoso is right to be concerned about the rising trend of drug abuse among young Indonesians in his city. He is correct to appreciate the part private citizens can play in fighting the growing menace.

Investment restrictions no longer needed: BKPM

Investment restrictions no longer needed: BKPM JAKARTA (JP): State Minister of Investment Marzuki Usman acknowledged on Friday the need to open a number of business sectors currently included on the Negative Investment List.

Six students injured in accident

Six students injured in accident JAKARTA (JP): Six junior high school students were severely injured in an accident in Kebayoran Lama, South Jakarta, on Friday evening, a hospital source said.Linda Yulinda, a nurse in the emergency ward of Muhammadiyah Maternity Hospital, said the six first-grade...

Wood firms face timber shortage

Wood firms face timber shortage YOGYAKARTA (JP): Director General of the Utilization of Production Forests at the Ministry of Forestry Waskito Surjodibroto warned of a possible acute shortage in the raw materials necessary for the wood processing industry.

UNAMET set to announce results today

UNAMET set to announce results today JAKARTA (JP): As the situation in East Timor continued to deteriorate, officials said the announcement of the results of Monday's historic autonomy ballot would be moved up to Saturday morning.

Sofyan denies ownership of Gemala Industries

Sofyan denies ownership of Gemala Industries JAKARTA (JP): Tycoon Sofyan Wanandi denied on Friday that he was the owner of Gemala Industry Ltd, which was listed among uncooperative debtors by the Indonesian Bank Restructuring Agency (IBRA).