Indonesian Political, Business & Finance News

Archive: 7 September 1999

44 articles found

KONI to intensify drug warnings

KONI to intensify drug warnings JAKARTA (JP): KONI will intensify the dissemination of information on drug testing rules, following an announcement that national Pencak silat martial art athlete Ni Made Wahyuni failed a drug test conducted by Brunei Darussalam, the 1999 Southeast Asian (SEA) Games organizer.

E. Timorese athletes to wait for MPR rule

E. Timorese athletes to wait for MPR rule JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono said on Monday East Timorese athletes could choose between serving their country or moving to Indonesia if the People's Consultative Assembly (MPR) formalizes the separation. "If there is no decree from the MPR, our country still consists of 27 provinces," he said.

Speak up, Mr. Muladi

Speak up, Mr. Muladi In recent weeks Minister of Justice Muladi has repeatedly teased the nation with news of tentative plans to announce a decision on the Soeharto corruption investigation: Will Soeharto be named an official suspect or will he not? Will the investigation go forward or be dropped? Setting aside for the moment the obvious question -- why an intelligent man like Mr.

Prosecutor demands sentence for Istiqlal Grand Mosque bomber

Prosecutor demands sentence for Istiqlal Grand Mosque bomber JAKARTA (JP): A government prosecutor demanded on Monday that the Central Jakarta District Court sentence Surya Setiawan, the defendant in a bomb blast at the Istiqlal Grand Mosque in April. "The defendant detonated the bomb along with suspects Jamhuri Litanahu, Nurly, alias Rully, Suradi, Semi Sedubun, Atin and Uci on April 19," the prosecutor, Hasan Madani, told a trial presided by Judge Rasjadi Salmun.

Asia-Pacific turmoil shadows free-trade talks

Asia-Pacific turmoil shadows free-trade talks AUCKLAND (AFP): Asia-Pacific trading powers braced Monday for high-security free trade talks overshadowed by delicate China-US relations, crisis in East Timor and tension on the Korean Peninsula.

Merpati to fly to Jeddah, Taiwan and Hong Kong

Merpati to fly to Jeddah, Taiwan and Hong Kong JAKARTA (JP): State-owned air carrier Merpati Nusantara Airlines will expand its overseas services to Jeddah, Hong Kong and Taiwan this year, the airline's president, Wahyu Hidayat, announced on Monday. "We are currently seeking landing rights from the Saudi Arabian government, and will initially provide charter flights to serve the new route " he said at a ceremony to commemorate the airline's 37th anniversary.

Local retail market still promising: Expert

Local retail market still promising: Expert JAKARTA (JP): The retail market in Jakarta is expected to increase this year as consumer confidence has recovered with the strengthening of the rupiah to the greenback, according to property consultant Jones Lang LaSalle/PT Procon Indah.

Three injured in Central Maluku clashes

Three injured in Central Maluku clashes JAKARTA (JP): Communal clashes in Central Maluku on Monday left three injured and at least 12 houses set ablaze, Antara reported from Ambon. The unrest occurred from 11 a.m. to 3 p.m. in Salahutu district as a crowd from Tengah-Tengah village attacked Suli. The injured were identified as Lukas Suitella, Alex Leiwakabessy and Maris Alputilla. Suli residents accused security personnel of bias. "In the beginning there were no houses burned.

Inaction in East Timor

Inaction in East Timor Today in East Timor riots and violent acts committed by armed militia are simply allowed to take place by the police, who are actually responsible for security in the region. This reminds us of the May 1998 riot, also seemingly allowed to happen.

Minister urges withdrawal of state assets from East Timor

Minister urges withdrawal of state assets from East Timor JAKARTA (JP): Minister of Cooperatives and Small Enterprises Adi Sasono said Indonesia must immediately withdraw all of its assets from East Timor before the territory becomes an independent state. The assets should be used to finance development in Indonesia's 26 other provinces, Adi said in the West Sumatra capital of Padang. He said his ministry is considering initiating the move.

Donna's open criticisms

Donna's open criticisms Whenever Donna Woodward makes a contribution to The Jakarta Post, it is always a surprise. The courage she shows as an expatriate and righteous person -- in this country always extremely vulnerable to threats from officials who feel their good (?) name to be (rightly) defamed -- is truly remarkable.

Passport demand soars in Bogor

Passport demand soars in Bogor BOGOR (JP): The number of passport applications here has increased significantly in the past two months, an immigration official said on Monday. A senior official at the Bogor immigration office, Yusron, believed the increase was probably due to the government's plan to hike the tariff for processing passports by 87.5 percent to 400 percent in line with the enactment of Law No. 20/1997 on the state's non-tax income.

Asian markets end higher, JSX slips 4%

Asian markets end higher, JSX slips 4% HONG KONG (AP): Most Asian stock markets closed higher Monday on the back of last week's surge on Wall Street as fears eased about another rise in U.S. interest rates. Bucking the trend was the Jakarta Stock Exchange, where the key index slumped more than 4 percent because of mounting violence in East Timor. In Hong Kong, the blue chip Hang Index rose 206.85 points, or 1.6 percent, closing at 13,385.16.

Prosecutor loses her cool in court

Prosecutor loses her cool in court JAKARTA (JP): A female prosecutor broke into tears following a heated quarrel with lawyers at the West Jakarta District Court on Monday. Prosecutor Rachmatiah cried when some of the 11 lawyers from the Legal Aid Post (Posbakum) at the district court barked at her shortly after Judge Bay Mastur closed the trial of a violent theft case against the lawyers' client.

Proposal for reconciliation

Proposal for reconciliation We welcome Golkar's proposal to immediately reach a national consensus. But the problem is not that simple because Golkar itself is seen to have its own troubles. On the other hand the Indonesian Democratic Party of Struggle (PDI Perjuangan) as the winner of the general election does not have a single majority.

KONI to arrange training program for 2001 SEAG

KONI to arrange training program for 2001 SEAG JAKARTA (JP): The National Sports Council (KONI) deputy chairman, Arie Sudewo, said that the council would arrange a proposal for a training program in the 2001 Southeast Asian (SEA) Games in December at the latest. Arie told reporters on Monday that the council should speed up the arrangement because the council wanted to get financial support from the state budget, which would be endorsed in April.

Bus crew workers put brakes on call for strike

Bus crew workers put brakes on call for strike JAKARTA (JP): Public transportation crews rejected on Monday a call for a mass strike aimed at pushing the city administration to agree to a hike in bus fares. Members of the crews, speaking on the condition of anonymity, said that a strike was not a solution to the problem and would ultimately hurt their earnings.

Emergency call for East Timor rejected

Emergency call for East Timor rejected JAKARTA (JP): A plenary Cabinet meeting turned down on Monday the proposal of Indonesian Military (TNI) chief Gen. Wiranto to declare a state of emergency in East Timor, Minister of Information Muhammad Yunus said. In a media briefing which followed the meeting on East Timor, Yunus confirmed that Wiranto proposed to put the strife-torn territory under military emergency status to allow it to take necessary measures to end rampant violence.

Infrastructure aids Banten's residents and tourists

Infrastructure aids Banten's residents and tourists The Jakarta Post in cooperation with PT Banten West Java Tourism Development Corporation, will be presenting weekly issues over the next six months on the attractions and activities of the Banten region. JAKARTA (JP): Few people may realize that they are in West Java's Banten region when they arrive at or departing from Indonesia via the Soekarno-Hatta International Airport, the country's major entry point for international tourists.

MI to restructure debts

MI to restructure debts JAKARTA (JP): Publicly listed PT Mulia Industrindo (MI) announced on Monday that it had the green light from the majority of its creditors to restructure the company's US$550 million debt. "The overwhelming majority of creditors have indicated their support for the debt restructuring," MI president Eka Tjandranegara said, reporting the results of the creditors' meeting held on Sept. 1 and Sept. 2 in Singapore.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on September 6, 1999: Buying Selling Rp Rp U.S.

Police provide last sanctuary for Timorese

Police provide last sanctuary for Timorese DILI, East Timor (JP): Terrified residents and refugees in East Timor are now only under the protection of Indonesian police, as local and international red cross workers (ICRC) have been forced to vacate the province, along with most journalists and United Nations staff. Other humanitarian agency workers were also evacuated after prointegration militia attacked ICRC headquarters.

HK's First Pacific mulls RI expansion

HK's First Pacific mulls RI expansion HONG KONG (Dow Jones): First Pacific Co. said Monday that it is considering increasing its presence in the Indonesian mobile telecommunications market. The Hong Kong-based conglomerate already owns a 35 percent stake in Indonesian cellular operator PT Metro Selular Nusantara, or Metrosel, and company officials said they're engaged in discussions that could turn Metrosel into a national player.

Several eye on worm breeding

Several eye on worm breeding JAKARTA (JP): An industrial district official and some operators of golf courses here are setting their eyes on breeding earthworms to handle their garbage disposal problems, a worm- breeding expert said on Monday. More than 50 people participated in a day-long worm-breeding workshop in Jakarta, held by the Pondok Indah Golf Course. The participants came from a number of industrial districts and golf courses in and around the capital.

GINSI calls for trade boycott

GINSI calls for trade boycott JAKARTA (JP): The Association of Indonesian Importers (GINSI) threatened on Monday to call for a boycott goods from Australia and New Zealand, two countries it singled out as meddling with Indonesia's domestic affairs over the East Timor affair. The boycott threat would be carried out if the two countries tried to impose their will in sending troops to East Timor, GINSI chairman Amirudin Saud told reporters.

Criticisms mount over Habibie's East Timor decision

Criticisms mount over Habibie's East Timor decision JAKARTA (JP): Criticism from politicians and political analysts continued to be leveled at President B.J. Habibie following the rejection by East Timorese of his offer of autonomy for the province and the subsequent full-blown conflict in the territory.

Government considers ban on hazing

Government considers ban on hazing JAKARTA (JP): Following reports of alleged abuse and an escalating number of fatalities, the government is now considering banning student initiation programs on university campuses, an official said on Monday. "We're thoroughly evaluating the implementation of the initiation programs, and we'll likely ban the programs," the director general of higher studies, Satryo Soemantri Brodjonegoro, said.

Soeharto vs 'Time' to be heard on Sept. 9: Lawyer

Soeharto vs 'Time' to be heard on Sept. 9: Lawyer JAKARTA (JP): Central Jakarta District Court will start the hearing of former president Soeharto's libel suit against U.S.- based Time magazine at 9 a.m. on Sept. 9, lawyer Juan Felix Tampubolon said on Monday. "Time magazine will mainly have to provide grounds for publishing the cover story, which ruined my client's name," Tampubolon told The Jakarta Post.

Rupiah breaches 8,000 against dollar

Rupiah breaches 8,000 against dollar JAKARTA (JP): The rupiah breached on Monday the 8,000 level against the U.S. dollar as international pressure increased over Indonesia's handling of the East Timor issue. Currency dealers said investors dumped their Indonesian currency over concerns that the growing pressure would prompt donors to suspend loans to Indonesia.

Indonesia warned to maintain security in East Timor

Indonesia warned to maintain security in East Timor JAKARTA (JP): International warnings against the inaction to quell violence in East Timor took a bolder tone on Monday as a United Nations envoy said Indonesia failed to maintain security in the territory, while Australian troops readied for deployment. The UN Secretary-General's special envoy for East Timor, Jamsheed Marker, urged Jakarta to immediately act to stop the violence in East Timor.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 6, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 400 -25 10,000 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 250 0 5,000 Alumindo Light Metal 1,400 25 601,500 Aneka Kimia Raya 400 -25 10,000 Aneka Tambang (Persero) 1,475 -75 5,733,000 Anwar Sierad 200 0 0 APAC Centertex Corp.

Marine turtles at the center of a heated debate

Marine turtles at the center of a heated debate By I Nyoman Suryadiputra BOGOR, West Java (JP): Six of the world's seven species of marine turtle can be found in Indonesia: the leatherback turtle (Dermochelys coriacea), green turtle (Chelonia mydas), olive Ridley turtle (Lepidochelys olivacea), hawksbill turtle (Erethmochelys imbricata), loggerhead turtle (Caretta caretta) and flat back turtle (Natator depresus).

Antam profits down

Antam profits down JAKARTA (JP): State gold and nickel mining company PT Aneka Tambang (Antam) reported on Monday a sharp decline in its first half net income, due to the appreciation of the rupiah against the U.S. dollar, lower commodity prices and declining sales volumes. The company's net profit in the first half of the year fell to Rp 55.5 billion (about $6.9 million) compared to Rp 238.4 billion in the same period the previous year.

China buys time to stave off devaluation

China buys time to stave off devaluation By Bill Savadove SHANGHAI (Reuters): China has bought itself some time to hold off a currency devaluation with a new economic stimulus plan, but economists feel the real test will come next year. Beijing said last week it would issue 60 billion yuan (US$7.2 billion) in bonds to fund infrastructure development and would tax interest on bank savings to flush money out of accounts and into the stores.

Millennium bug risks seen in RI, India, China and Thailand

Millennium bug risks seen in RI, India, China and Thailand HONG KONG (Reuters): Warburg Dillon Read warned investors on Monday that Indonesia, India, China and Thailand were ill- prepared for the millennium bug, and said Hong Kong and Singapore were most ready in the region. "We caution investors on the risks inherent in the state of Y2K readiness in Indonesia, India, China and Thailand," said Sean Debow, head of regional valuation and accounting research.

New $1.9b copper mine in NTT ready to roll

New $1.9b copper mine in NTT ready to roll JAKARTA (JP): A new $1.9 billion copper mining project in East Nusa Tenggara will begin production later this month, the operator, PT Newmont Nusa Tenggara, announced on Monday. The subsidiary of gold producer Newmont Mining Corporation of United States, said the project in Batu Hijau on Sumbawa island would have a capacity to process 160,000 tons of ore a day, promising an annual production of 246,000 tons of copper concentrate.

Anwar witness called 'unreliable'

Anwar witness called 'unreliable' KUALA LUMPUR (AFP): Lawyers for former Malaysian deputy premier Anwar Ibrahim on Monday urged the judge hearing his sodomy trial to reject what they called false evidence from a key witness. Defense counsel Christopher Fernando told judge Arifin Jaka that witness Azizan Abu Bakar, the man allegedly sodomized by Anwar, was "the most unreliable person". Anwar's lawyers applied on Aug.

Ten on the run after jailbreak

Ten on the run after jailbreak KENDARI, Southeast Sulawesi: Six of 16 prisoners who fled from Baubau Prison in Buton on Sunday were recaptured, an official said on Monday. The fleeing prisoners wounded five wardens, Antara reported. Head of the prison Bambang Winahyo confirmed the incidents and said that local police were searching suspected hideouts of prisoners still at large. "We are focusing on some nearby islands and we have also safeguarded the exit points in the city," he said.

House launches investigation into bank scandal

House launches investigation into bank scandal JAKARTA (JP): The House of Representatives launched on Monday a special investigation into the high-profile Bank Bali scandal. The investigation team is expected to have special power to check bank accounts of suspects in the scandal. House deputy chairman Hari Sabarno said that all of the five House factions approved the establishment of a 23-member special investigation team.

East Timor burning

East Timor burning The euphoria of the East Timorese people over their victory in the UN-run ballot of Aug. 30 lasted only a few hours. They soon not only found themselves harassed by the pro-Indonesia groups, but saw their region plunged into unimaginable bloodshed. Thousands of people have had to seek refuge from the spiraling bloody attacks.

Council vows to cancel water management deal

Council vows to cancel water management deal JAKARTA (JP): The City Council on Monday promised to fight for the immediate termination of a water management deal between city-owned tap water firm PDAM Jaya and its two foreign partners.

Man caught for drug deliveries

Man caught for drug deliveries DENPASAR, Bali: Police have arrested a former property broker and his four couriers for allegedly selling drugs with door-to- door delivery to customers, an officer said on Monday. Police identified the suspect as Effendy alias Chiang Jin Peng, who hails from Ujungpandang, South Sulawesi. "This is a very interesting case, a first for us here. This man had four employees, provided with motorcycles and specially trained to be delivery boys.

Anti-Indonesia protests held in Australia over East Timor

Anti-Indonesia protests held in Australia over East Timor JAKARTA (JP): Anti-Indonesia protests were held in several major cities in Australia on Monday as more countries condemned Jakarta for its failure to curtail violence in East Timor, whose people had overwhelmingly voted for a separation. In Darwin, East Timorese protesters burned Indonesia's flag outside the nation's consulate in the northern city, AP reported.

New law to reform telecoms sector

New law to reform telecoms sector By M. Suwarso The House of Representatives recently passed a new telecommunications bill. This article describes the changes in telecommunications that led the government to enact the new law. This is the first of two articles. JAKARTA (JP): Due to the global nature of telecommunications, a national policy on telecommunications is always international in context, but to a large extent national in responsibility.