Indonesian Political, Business & Finance News

Archive: 5 May 1999

44 articles found

Repsol will review RI operation

Repsol will review RI operation MADRID (Dow Jones): Grupo Repsol, the Spanish oil and energy group, will review its operations in the U.K., the U.S., Kazakstan, Indonesia, Vietnam and Dubai, the chairman of Repsol was quoted as saying in Tuesday's Financial Times.

Habibie to unveil plans to develop state firms

Habibie to unveil plans to develop state firms JAKARTA (JP): President B.J. Habibie is set to announce on Wednesday new basic plans for the development of state enterprises, including a plan to raise the salaries and benefits of company management, ahead of the June general election.

Habibie pledges report on Soeharto probe

Habibie pledges report on Soeharto probe JAKARTA (JP): President B.J. Habibie, whose administration is widely criticized as too spineless to take legal actions against Soeharto, promised on Tuesday an account of his campaign for clean governance which includes investigation into the former...

Power consumption rises

Power consumption rises JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) says power consumption on the islands of Java and Bali increased in April, indicating the outset of an economic recovery.

Youngsters set good example

Youngsters set good example I highly valued the article Time to go for pro-Soeharto legislators written by Mr. Dillon on the front page of The Jakarta Post on April 22, 1999. He clearly explained why the political elite in Indonesia is of a poor quality and blamed it on the lack of courage and...

INDRA sets rupiah at 7,589

INDRA sets rupiah at 7,589 JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) set the rupiah at Rp 7,845 against the dollar for local companies joining the agency in May.INDRA chairman Sumitro said the rate for May was based on the best moving exchange rate for April and April's...

Swimming body grooms 13 athletes for SEA Games

Swimming body grooms 13 athletes for SEA Games JAKARTA (JP): The Indonesian Swimming Association (PRSI) has invited 13 swimmers to prepare for the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August.

Party clash deaths blamed on 'faulty magic'

Party clash deaths blamed on 'faulty magic' PURWOKERTO, Central Java (JP): The military has attributed the four deaths in the recent clash between party supporters in Jepara to failed magical powers.Chief of the Diponegoro Military Command Maj. Gen.

1,381 bottles of liquor sold near schools seized

1,381 bottles of liquor sold near schools seized JAKARTA (JP): Public order officials with police backup seized a total of 1,381 bottles of liquor from shops and drink stalls located near 162 schools here during a month-long operation in March, an official said on Tuesday.

IBRA decides to rev up national car project

IBRA decides to rev up national car project JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has decided to revive the much criticized national car project.IBRA's deputy chairman Eko S. Budianto said on Monday the agency would reactivate Timor's assets because starting the program in...

Aceh shooting toll reaches 28

Aceh shooting toll reaches 28 JAKARTA (JP): The death toll from the military shootings in North Aceh on Monday rose to 28, while at least 100 others were seriously injured. Television stations ran on Tuesday gruesome footage of thousands of Lhokseumawe residents fleeing in panic and bloodied...

New lead on Istiqlal bomb

New lead on Istiqlal bomb JAKARTA (JP): Police detectives have a new lead on the mastermind behind the bomb blast at the Istiqlal Grand Mosque, leading them to Serang, West Java, an officer said on Tuesday.

JSX share prices surge on improved foreign sentiment

JSX share prices surge on improved foreign sentiment JAKARTA (JP): Shares on the Jakarta Stock Exchange (JSX) soared again on Tuesday on the continued influx of foreign funds and improving confidence in the recovery of the country's beleaguered economy.

Individual life part of democracy

Individual life part of democracy Is it not true that an integral part of democracy is the belief that an individual's life is precious and should be protected? Regardless of ethnicity, religion or status, each individual has the right to fair humanitarian treatment.

Voter registration period extended

Voter registration period extended JAKARTA (JP): An extension of the voter registration period to May 15 was announced on Tuesday by chairman of the General Elections Commission (KPU) Rudini.He said the arrangement was not the result of ambitions to meet certain targets.

Philip Morris hopes to smoke competition

Philip Morris hopes to smoke competition JAKARTA (JP): Cigarette maker PT Philip Morris Indonesia entered the country's most lucrative but competitive market segment with the launch of its cheaper brand on Tuesday.

NT commander visits Irian

NT commander visits Irian JAYAPURA: Australia's Northern Territory Defense Commander, Commodore Geoff Smith, met the Navy's deputy commander of the region, Captain Robert Senduk, at the regional naval headquarters here on Tuesday.

Security guards named as suspects

Security guards named as suspects BOGOR (JP): Five security guards at the Royal Sentul housing complex here have been named as suspects following a clash on Wednesday with residents of nearby Sumur Batu village in Cibarengkok subdistrict, police said on Monday.The chief of the Bogor Police, Lt. Col.

Poll registration period extended

Poll registration period extended JAKARTA (JP): The Jakarta Provincial Elections Committee (PPD I) has extended the final voter registration period from May 5 to May 11, to give another chance for eligible voters in the capital to sign up.

Refugees sit exams

Refugees sit exams KENDARI, Southeast Sulawesi: Refugees sheltering here from riot-torn Ambon, Maluku, include 902 high-school students, who are currently sitting for exams, Antara reported on Tuesday.The provincial head of the Ministry of Education and Culture, Abdul Kadir Gani, said the refugee...

Hotels to benefit from election fears

Hotels to benefit from election fears JAKARTA (JP): Star-rated hotels in the capital expect higher occupancy rates ahead and after the June general election as many people will likely stay in them for security reasons.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 4, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 450 50 567,500 AHAP Insurance 425 0 0 Alakasa Industrindo 275 25 2,296,000 Alter Abadi 300 25 887,500...

Rates for tax payment, valid from May 3 to May 9

Rates for tax payment, valid from May 3 to May 9 U.S. dollar 1 Rp 7,980.00Austrian schilling 1 614.20Australian dollar 1 5,175.03Belgian franc 1 209.51Canadian dollar 1 5,392.62Swiss franc 1 5,258.65Deutschemark 1 4,322.39Danish krone 1 1,288.43French franc 1 1,288.43Poundsterling 1 12,839.

Political parties support free press

Political parties support free press JAKARTA (JP): Major political parties contesting the next June 7 poll have expressed support for press freedom and pledge to strive for better protection for press workers.

Proindependence groups rally in E. Timor campus

Proindependence groups rally in E. Timor campus DILI, East Timor (JP): A day before the signing of an agreement between Indonesia and Portugal on a United Nations- supervised direct ballot in East Timor, proindependence students staged a peaceful rally inside the East Timor University campus.

Estrada to address PBEC

Estrada to address PBEC HONG KONG (AFP): Philippine President Joseph Estrada will make a keynote address to the Pacific Basin Economic Council (PBEC) meeting here this month, it was announced Tuesday.Estrada, who was voted president last year, will spotlight the Philippine economy, viewed as one of...

Clashes for democracy

Clashes for democracy Chaos seems to be stalking this country as the June general election approaches. Even though campaign activities by 48 political parties contesting the elections are not scheduled to start before May 19, emotions are already high and tempers short in many towns.

Central Bank predicts falling interest rates

Central Bank predicts falling interest rates JAKARTA (JP): Supported by moderating inflation, interest rates will fall again this week and continue to decline faster in the weeks ahead, Bank Indonesia Governor Sjahril Sabirin said on Tuesday.

Reforestation funds to be used to finance safety net project

Reforestation funds to be used to finance safety net project JAKARTA (JP): Labor-intensive projects in the forestry sector will continue, despite cancellation of the social safety net funds used to finance the projects.

Two to be tried in Ambon for killing soldier

Two to be tried in Ambon for killing soldier JAKARTA (JP): Two of seven people suspected in the murder of a member of the Army's Strategic Reserves Command (Kostrad) during the worst days of rioting in the Maluku capital of Ambon, will be tried on Thursday, a court official has said.

Passengers stranded as drivers launch strike

Passengers stranded as drivers launch strike TANGERANG (JP): Hundreds of public transportation passengers here were stranded on Tuesday when angkot (public transportation minivan) drivers went on strike to protest route overlaps.

KONI wants Rp 12.7b for SEA Games

KONI wants Rp 12.7b for SEA Games JAKARTA (JP): The National Sports Council (KONI) will ask for Rp 12.7 billion from the National Development Planning Board (Bappenas) to enable it to prepare for the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August.

RI's pepper exports rose 5% in 1st quarter

RI's pepper exports rose 5% in 1st quarter JAKARTA (JP): Indonesia exported 5,234 tons of pepper in the first quarter of this year, 6 percent higher than the 4,950 tons in the corresponding period of 1998, according to the International Pepper Community (IPC).

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 TV Series 8:00 Children's Songs 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Student's Quiz 5:30 TV Drama 6:00 Sports 6:30 News (in English) 7:00 Evening News 7:30...

Grieving Mia not ready for Sudirman Cup

Grieving Mia not ready for Sudirman Cup JAKARTA (JP): Indonesia's star women's shuttler Mia Audina is apparently not ready to compete in the Sudirman Cup and World Championships in Copenhagen from May 10 to May 23.

Datacraft names new RI head

Datacraft names new RI head SINGAPORE (Dow Jones): Singapore systems integrator Datacraft Asia Ltd on Tuesday announced new appointments to its management team.Datacraft said it has named Jerry Tan the general manager of multinational accounts.

Students to stage rally to observe Trisakti shooting

Students to stage rally to observe Trisakti shooting JAKARTA (JP): Student groups from several universities disclosed on Tuesday that they plan to mobilize thousands of students on May 12 to join a mammoth rally for the first anniversary of the Trisakti University shooting incident in which four...

Major party leaders to compete in Jakarta

Major party leaders to compete in Jakarta JAKARTA (JP): Akbar Tandjung, Amien Rais, Hamzah Haz and Megawati Soekarnoputri, all leaders of major political parties, will join the competition for Jakarta's 18 seats in the House of Representatives.

Water firm union leaders to be summoned over protest

Water firm union leaders to be summoned over protest JAKARTA (JP): Leaders of the labor union of city-owned water management company PDAM Jaya will soon be summoned for questioning, Governor Sutiyoso said on Tuesday.

Neiss optimistic a new government will continue reforms

Neiss optimistic a new government will continue reforms JAKARTA (JP): International Monetary Fund Asia Pacific director Hubert Neiss is confident the new government formed after the upcoming elections will remain committed to economic reform.

East Timor policy causes havoc

East Timor policy causes havocBy Bantarto Bandoro JAKARTA (JP): Ever since the government announced in January that it would give East Timor either autonomy or independence, hardly a day has passed without people discussing the province.

Unclaimed bodies pile up

Unclaimed bodies pile up DENPASAR, Bali: An average of three unidentified bodies are received each month at Sanglah Denpasar General Hospital, and with no one claiming them, the capacity of the morgue is stretched to the limit.Hospital public relations officer Yulianus H.

Indonesian menu in Ericsson

Indonesian menu in Ericsson A friend of mine uses an Ericsson 768c mobile phone which has an Indonesian menu. It's good to know that the first pioneering Indonesian menu on Nokia's mobile phones has Ericsson following suit. It shows that Indonesia's market is still a potential one.

More illegal vessels in Maluku

More illegal vessels in Maluku TERNATE, North Maluku: Local traditional fishermen and national private fishing companies recently expressed their concern over the increasing presence of Philippine and Taiwanese fishing vessels illegally operating in North Maluku waters.