Indonesian Political, Business & Finance News

Archive: 20 June 1998

50 articles found

Governor puts this year's development projects on hold

<p>Governor puts this year's development projects on hold</p><p> JAKARTA (JP): Governor Sutiyoso acknowledged yesterday the city administration would hold off on any development projects in the capital for the remaining nine months of the current 1998/1999 fiscal year due to...

Summers to Jakarta Sunday

<p>Summers to Jakarta Sunday</p><p> TOKYO (Reuters): Deputy U.S. Treasury Secretary Lawrence Summers will travel to Jakarta on Sunday to meet high-ranking Indonesian officials, a U.S. official said yesterday .

Lease out Batam to save economy

<p>Lease out Batam to save economy</p><p>By Steven Susanto and Hario Suprobo</p><p> JAKARTA (JP): Past success in developing the country was made possible by a large inflow of foreign capital.

Clarification of news article

<p>Clarification of news article</p><p> CARE International Indonesia would like to clarify several issues concerning the article: Uncaring project boss imprisoned, The Jakarta Post, June 5.

Residents protest land confiscation

<p>Residents protest land confiscation</p><p> JAKARTA (JP): Dozens of residents of Cilegon, West Java, visited the National Commission on Human Rights office Thursday, complaining that their land had been illegally confiscated by state-owned steel manufacturing company PT Krakatau...

ASEAN outlines plan against fires, haze

<p>ASEAN outlines plan against fires, haze</p><p> SINGAPORE (AP): Now that heavy rains have doused Indonesian wildfires, Southeast Asian nations outlined a plan yesterday to catch blazes more quickly, using military planes for aerial surveillance, clearer satellite photos and...

Rights body joins chorus to reopen Tanjung Priok case

<p>Rights body joins chorus to reopen Tanjung Priok case</p><p> JAKARTA (JP): The National Commission on Human Rights joined a growing chorus yesterday calling on the government to reopen the case of a bloody riot in Jakarta's Tanjung Priok Port district nearly 14 years ago.

CNN's Indonesian news

<p>CNN's Indonesian news</p><p> Is CNN really being fair in broadcasting news about Indonesia?</p><p>I don't think so. Especially not after what I saw Saturday, June 13, in the World News Report at 7 a.m. WITA (Central Time Zone).

Suspect in Yemeni's death arrested

<p>Suspect in Yemeni's death arrested</p><p> JAKARTA (JP): Police have arrested a 26-year-old Palestinian for his alleged role in the killing of a Yemeni man who was found dead in a West Jakarta hotel on June 8, an official said yesterday.

Soeharto quits YDSM chairmanship

<p>Soeharto quits YDSM chairmanship</p><p> JAKARTA (JP): Former president Soeharto has resigned as chairman of the Yayasan Dana Sosial Mandiri (YDSM), a social foundation that sponsors rolling fund schemes to help people living under the poverty line, because he is "too...

Free trade, Japan woes on APEC agenda

<p>Free trade, Japan woes on APEC agenda</p><p> KUCHING, Malaysia (DPA): Trade liberalization and the ailing Japanese economy are set to top the agenda when trade ministers from 18 countries meet in Kuching on Malaysian Borneo on Monday for their annual Asia-Pacific Economic...

ABRI against comeback of old political forces: Susilo

<p>ABRI against comeback of old political forces: Susilo</p><p> JAKARTA (JP): The Armed Forces (ABRI) vowed yesterday to prevent any attempt by "old political forces" to make a comeback into the Indonesian political arena.

ASEAN to establish fund to fight fires and smog

<p>ASEAN to establish fund to fight fires and smog</p><p> SINGAPORE (Reuters): Southeast Asia is to set up a special fund to finance the fight against devastating forest fires in Indonesia of the kind that choked the region with smog last year, Singapore's environment...

Three foreign firms bid for stake in Semen Gresik

<p>Three foreign firms bid for stake in Semen Gresik</p><p> JAKARTA (JP): At least three international cement producers are to bid for part of the government's 65 percent stake in publicly-listed PT Semen Gresik cement company.

Pittencrieff eyes Sumatra area

<p>Pittencrieff eyes Sumatra area</p><p> LONDON (Reuters): British oil and gas exploration and production company Pittencrieff Resources Plc announced plans yesterday to acquire two oil interests and raise 44.6 million pounds through a placing and open offer.

Stock Exchange

<p>Stock Exchange</p><p>Stock prices on the Jakarta Stock Exchange (in rupiah) on June 19, 1998:</p><p> Shares Close Change Trading</p><p> Volume -------------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0...

A question of relevance

<p>A question of relevance</p><p> As Golkar gears up for its congress, the dominant political group faces major questions about its organization and leadership in this reform era. Most news about Golkar has largely dealt with questions about the candidates to be its next chairman,...

Edy to seek contributions clarification

<p>Edy to seek contributions clarification</p><p> JAKARTA (JP): City Council speaker Edy Waluyo said yesterday he would ask the municipality to clarify a circular requesting 55 city-owned firms to contribute up to Rp 815 million (US$56,500) for the commemoration of Jakarta's...

Police awaiting postmortem result in burning case

<p>Police awaiting postmortem result in burning case</p><p> JAKARTA (JP): Tanah Abang police are still awaiting the postmortem and forensic examination reports on a woman who died from severe burns Sunday to decide whether a crime was committed.

Military chases settlers' killers

<p>Military chases settlers' killers</p><p> JAYAPURA, Irian Jaya: The military is chasing members of an Irian Jaya separatist group suspected of killing three transmigrants in Arso village recently.</p><p>Maj. Gen.

Ispat opts to bid for Krakatau Steel

<p>Ispat opts to bid for Krakatau Steel</p><p> JAKARTA (JP): Netherlands-based Ispat International N.V, which saw its earlier plan to buy a stake in PT Krakatau Steel canceled amid controversy, announced yesterday it would participate in the open bidding process for privatization...

Teachers demand improved welfare

<p>Teachers demand improved welfare</p><p> PEKANBARU, Riau: Hundreds of teachers in the province's Communication Forum for Education Reform staged a demonstration at the provincial council compound here to demand the provincial administration and big companies help improve...

TV today

<p>TV today</p><p>TVRI</p><p> 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:30 Music 2:35 TV Series: The Painted Door 3:05 Children's Program: Duniaku 3:30 Science Film: Ticket to Adventure 4:00 Regional News 4:30 Sports 5:30 TV Series: Science World...

PM Mahathir attacks West, denies cronyism, nepotism

<p>PM Mahathir attacks West, denies cronyism, nepotism</p><p> KUALA LUMPUR (Agencies): Malaysia's prime minister railed yesterday against "foreign powers" he accused of trying to topple him and ruin the country, and he denied that cronyism and nepotism had hurt the...

Iran coach Talebi promises fair play against U.S. team

<p>Iran coach Talebi promises fair play against U.S. team</p><p> YSSINGEAUX, France (Reuters): Iran coach Jalal Talebi refused to be drawn into debate about the political nature of Sunday's Group F clash with the United States and promised his side would play fair.

Where to go in Jakarta:

<p>Where to go in Jakarta:</p><p>Exhibitions</p><p> * Arts Exhibition: ASEANA, a showcase of ASEAN Cultures, featuring books, video and audio tapes, paintings, photographs, handicrafts, at ASEAN Secretariat, Jl.

Habibie outlines grim realities

<p>Habibie outlines grim realities</p><p> JAKARTA (JP): President B.J. Habibie yesterday recognized that there was little the government could do to help reduce the unemployment rate, especially among the educated, which is expected to further swell in the months ahead.

Pertamina fights to secure crude from Mobil and BHP

<p>Pertamina fights to secure crude from Mobil and BHP</p><p> SINGAPORE (Reuters): Indonesian state oil company Pertamina has in principle concluded deals to buy three July cargoes of crude from Asia and West Africa with private oil firms, but final agreement is subject to...

Say it with cartoons and nobody will feel humiliated

<p>Say it with cartoons and nobody will feel humiliated</p><p>By Yudha Kartohadiprodjo</p><p> JAKARTA (JP): It is not easy to criticize without hurting someone's feelings but things come easier for cartoonists.

Political scientists offer draft for dynamic reform

<p>Political scientists offer draft for dynamic reform</p><p> JAKARTA (JP): A group of political scientists warned yesterday the reform process should not be restricted to a changing of the political guard, but also effect a dynamic political system capable of...

WB lends Malaysia $300m

<p>WB lends Malaysia $300m</p><p> WASHINGTON (Reuters): The World Bank approved a $300 million loan on Thursday for Malaysia and said the money would help ease the social costs of Asia's economic flu.

Indonesians of Chinese descent

<p>Indonesians of Chinese descent</p><p> I am writing in response to Sumarsono Sastrowardoyo's letters of May 30 and June 12.</p><p>The Indonesian nation as we know it today, in essence, "never existed" before.

RI has new proposals on East Timor dispute

<p>RI has new proposals on East Timor dispute</p><p> UNITED NATIONS (Agencies): Indonesia's foreign minister Ali Alatas yesterday offered new proposals to resolve the decades-old dispute over East Timor, the United Nations said.

PLN firm on Cikarang Listrindo decision

<p>PLN firm on Cikarang Listrindo decision</p><p> JAKARTA (JP): State electricity company PLN president Djiteng Marsudi said yesterday he would not review his recent decision to annul the company's power purchase contract with PT Cikarang Listrindo, an independent power...

First Pacific eyes Indofood

<p>First Pacific eyes Indofood</p><p> HONG KONG (Reuters): First Pacific Co. Ltd said yesterday it was studying investments in dozens of companies, including Indonesian noodle company PT Indofood Sukses Makmur controlled by the Salim family.

Govt delays power tariff increases for households

<p>Govt delays power tariff increases for households</p><p> JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto has ordered state electricity company PLN to delay increasing power prices for households following mounting public protests.

Honoring Sukarno's memory a 'family matter'

<p>Honoring Sukarno's memory a 'family matter'</p><p>By Sirikit Syah</p><p> BLITAR, East Java (JP): Thousands are expected to attend ceremonies, or haul, marking the death of Indonesia's first president Sukarno, today at his final resting place...

ICMI calls for end to attacks on Habibie

<p>ICMI calls for end to attacks on Habibie</p><p> JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) called for an end to the attacks on President B.J. Habibie's legitimacy yesterday, saying he should be given a chance to govern and implement reforms.

21 ABRI members quizzed in missing persons probe

<p>21 ABRI members quizzed in missing persons probe</p><p> JAKARTA (JP): National Military Police have questioned 21 police and military officers as part of their ongoing investigation into the disappearance of a number of political activists, an official said yesterday.

Gresik pays dividend

<p>Gresik pays dividend</p><p> JAKARTA (JP): The shareholders meeting of the country's largest cement producer, PT Semen Gresik, approved yesterday the management's proposal to pay a cash dividend of Rp 156.8 (1.1 U.S.

Exim Bank's facilities may include crude oil

<p>Exim Bank's facilities may include crude oil</p><p> TOKYO (Reuters): The Export-Import Bank of Japan said yesterday it was open to negotiating on including crude oil in the list of items Indonesia is entitled to buy using a recent $1 billion loan from Japan.

Money changer shot dead in daylight armed robbery

<p>Money changer shot dead in daylight armed robbery</p><p> JAKARTA (JP): A man was fatally shot and another seriously wounded when four armed robbers raided a money changer's office on Jl. Mahakam II/2 in South Jakarta at midday yesterday.

Timor Sea oil field

<p>Timor Sea oil field</p><p> MELBOURNE (Dow Jones): The Elang/Kakatua oil field development in the Timor Sea is on track to begin production in mid-July, a spokesman for field operators, the Broken Hill Proprietary Co. (BHP), said yesterday.

Trisakti to mark fatal student shooting

<p>Trisakti to mark fatal student shooting</p><p> JAKARTA (JP): Trisakti University is scheduled to hold a commemorative ceremony this afternoon marking the 40th day since the death of four students in a shooting at its campus.

Johnnie Walker team wins golf league

<p>Johnnie Walker team wins golf league</p><p> BOGOR, West Java (JP): The Johnnie Walker team hung on to win the Ericsson Corporate Golf League concluded at the Rancamaya Golf and Country Club yesterday.

Ceramic firm's workers demand wage increase

<p>Ceramic firm's workers demand wage increase</p><p> JAKARTA (JP): More than 300 workers of a ceramic company in Tangerang regency visited the Jakarta Legal Aid Institute yesterday, seeking legal advice on their demand for a wage increase commensurate with government...

Tax facilities halted pending new policy

<p>Tax facilities halted pending new policy</p><p> JAKARTA (JP): The government has stopped granting special tax facilities to local and foreign companies until a new policy on tax incentives is issued, State Minister of Investment Hamzah Haz said yesterday.

Minimum capital ruling eases

<p>Minimum capital ruling eases</p><p> JAKARTA (JP): The government eased bank capital requirements yesterday in another concerted effort to speed up the restructuring process of the country's ailing banking industry.

Stop using 'Cendana'

<p>Stop using 'Cendana'</p><p>From Bisnis Indonesia</p><p>My family lived at Jalan Cendana No. 5 from 1942 to 1982. In 1982, Mr. Soeharto's family bought the house.

Conversion Rates

<p>Conversion Rates</p><p> Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 19, 1998:</p><p> Buying Selling</p><p> Rp Rp</p><p> U.S dollar 1 13,500.00 15,500.