Indonesian Political, Business & Finance News

Search Archive

Search Tips

You can use boolean operators in your search:

  • pugilist AND basketball - Both words must appear
  • jakarta OR surabaya - Either word can appear
  • jakarta NOT politics - Must have jakarta but not politics
  • +jakarta -politics - Must have jakarta, must not have politics
  • "exact phrase" - Search for exact phrase
  • basket* - Wildcard (matches basketball, basket, etc.)

Found 1,552 articles

Another 'ojek' driver killed

Another 'ojek' driver killed JAKARTA (JP): An ojek (motorcycle taxi) driver was found dead in Sepatan village, Bekasi, yesterday. He is believed to have been robbed by his fare.An officer from the Bekasi police precinct, who asked not to be named, said the passenger killed his victim, identified as...

Govt has lied too much, experts say

Govt has lied too much, experts say DEPOK, West Java (JP): Local and international market confidence in Indonesia crumbled because the government lied too much, experts concluded yesterday.Social psychologists Sarlito Wirawan Sarwono and Acuk Parsudi described, in a paper presented to a symposium...

Four sought for robbing

Four sought for robbing JAKARTA (JP): Police are searching for four men who allegedly robbed Rp 9.6 million from an employee of Aneka magazine in front of his office in Central Jakarta yesterday.City Police spokesman Lt. Col. E.

Four drown at Parangtritis Beach

Four drown at Parangtritis Beach YOGYAKARTA: The infamous strong currents of Parangtritis Beach swept away four young men Sunday evening.The body of Sugeng, 27, and Wahidi, 30, were found yesterday morning at Parang Endog Beach, about three kilometers from Parangtritis.

Health conscious refuse to go without food supplements

Health conscious refuse to go without food supplements JAKARTA (JP): Inka Aditya, an assistant manager at a private bank in Kota, West Jakarta, found recently that she had a tendency to feel exhausted or even nod off while at work. She saw a doctor, who advised her to take food supplements.

Welcomes turn sour for Southeast Asian illegal immigrants

Welcomes turn sour for Southeast Asian illegal immigrantsBy Beth Duff-brown SUNGAI BEREMBANG, Malaysia (AP): By day, Salleh Abidin is a mild-mannered rice farmer, tending the lush paddies that cushion the limestone cliffs along the Thai border.

Stronger monetary measures urged to curb inflation

Stronger monetary measures urged to curb inflation JAKARTA (JP): The government should pursue stronger monetary and fiscal measures to control inflation and create more employment to prevent possible social chaos, University of Indonesia economists said yesterday.Anton H.

Telkom raises call rates

Telkom raises call rates JAKARTA (JP): State telecommunications company PT Telkom is to raise telephone rates for local and long-distance domestic calls from tomorrow.Company vice president D. Amarudien said yesterday in Bandung that local call rates would be raised by 16 percent to Rp 145 (1.6 U.S.

Man dies in blazing jeep

Man dies in blazing jeep BOGOR (JP): An apparently drunk motorist was burned to death and his companion badly injured when their jeep caught fire following a collision with a truck early yesterday, witnesses said.The accident took place at about 2:30 a.m. in front of Flamboyan discotheque.

Bad service

Bad service A German tourist, accompanied by a local tour guide, went to a Bank Danamon ATM only to find it empty of cash. It took two bank employees 20 minutes to fill the machine, after which withdrawal of money was refused as though the customer had no money in his account.

Junction yellow box system introduced to ease traffic

Junction yellow box system introduced to ease traffic JAKARTA (JP): Police reintroduced yesterday yellow boxes at intersections in a bid to reduce the heavy traffic jams in some areas.City Police chief Maj. Gen.

Soccer referee burns FIFA certificates to protest ban

Soccer referee burns FIFA certificates to protest ban JAKARTA (JP): A soccer referee set fire yesterday to his certificate issued by the world soccer body FIFA at the All- Indonesian Soccer Federation's office in an emotional protest against a 10-year suspension imposed on him for collusive...

Forest fires continue in East Kalimantan

Forest fires continue in East Kalimantan JAKARTA (JP): Fires continued to raze East Kalimantan forests and envelope large parts of Kutai National Park and Great Soeharto Hill Forest Park yesterday.A Kutai regency official, Soebianto, said in Tenggarong yesterday that hot spots were still being...

Cut in drug prices unlikely but supply guaranteed

Cut in drug prices unlikely but supply guaranteed JAKARTA (JP): The economic crisis, said Naswan, a 52-year-old worker with serious heart problems, has had a "good effect" on him."Now, I'm paying serious attention to my diet," said Naswan.

EU to get tough with Indonesia at ASEM

EU to get tough with Indonesia at ASEM BRUSSELS (AFP): The European Union will use this week's Asia- Europe Meeting (ASEM) in London to step up the pressure on Indonesia to accept the International Monetary Fund's (IMF) terms for releasing new funds from its US$43 billion bailout package.

Workers and their wages

Workers and their wagesFrom Media IndonesiaGenerally, civil servants receive small salaries and are compelled to look for other sources of income. Those with moral courage and other capabilities can take on side jobs.

Summarecon claims US$9m losses from dispute

Summarecon claims US$9m losses from dispute JAKARTA (JP): PT Summarecon Agung chairman Soetjipto Nagaria said yesterday that his questioning by police was not related to the illegal demolition of a building project in the Tanjung Duren area, West Jakarta, or corruption and embezzlement of funds as...

Es Teler 77 to open overseas outlets

Es Teler 77 to open overseas outlets JAKARTA (JP): Es Teler 77 Juara Indonesia, a restaurant chain selling traditional Indonesian food, will soon open its first overseas outlets in Singapore and Brunei Darussalam, the company said yesterday.

Hardijanti receives Rp 3b donation from Jayanti Group

Hardijanti receives Rp 3b donation from Jayanti Group JAKARTA (JP): Minister of Social Services Siti Hardijanti Rukmana received yesterday a donation of Rp 3 billion (US$352,940) from the Jayanti Group of companies.F.X.

Aceh unemployment figures up 61%

Aceh unemployment figures up 61% BANDA ACEH, Aceh: Unemployment numbers here increased 61 percent over last year.The head of the provincial labor office, Prie Soekarno, attributed the large increase to the country's economic doldrums.

Ananda 7th in F3 race

Ananda 7th in F3 race JAKARTA (JP): A poor start forced Indonesian teenage driver Ananda Mikola to settle for seventh place in the Formula Three auto racing championship opener at the Vallelunga circuit in Italy on Sunday.

Indonesia sends four boxers to King's Cup

Indonesia sends four boxers to King's Cup JAKARTA (JP): Indonesia will send four boxers to the 22nd King's Cup in Bangkok today with no pressure of bringing home medals.Coordinator of the national boxing training center Jetty R.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 30, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 650 -50 12,500 AHAP Insurance 500 0 0 Alter Abadi 650 0 1,000 Alumindo Light Metal 475 75 1,472,000...

Nuclear supervisory agency to be set up

Nuclear supervisory agency to be set up JAKARTA (JP): President Soeharto will set up an independent nuclear energy supervisory agency, according to State Minister of Research and Technology Rahardi Ramelan."God willing...

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 30, 1998: Buying Selling Rp Rp U.S. dollar 1 7,800.00 9,300.00Austrian shilling 1 584.40 752.60Australian dollar 1 5,180.20 6,238.40Belgian franc 1 206.40 247.60Canadian dollar 1 5,506.

Japan gives more aid

Japan gives more aid JAKARTA (JP): The Japanese government will provide an additional emergency assistance grant amounting to 3 billion (about US$23 million).The Japanese Embassy announced yesterday that the Japanese government had decided to provide the assistance on March 27 following the first...

Illegal levies

Illegal levies Every day, we hear that illegal levies are hurting the economy as well as the people. Manufacturers have said that they cannot afford to raise their employees' salaries because 30 percent of their production costs are due to illegal levies.

Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from March 30 to April 5: U.S. dollar 1 Rp 8,300.00Austrian shilling 1 643.

Minister pledges to abide by IMF-backed reform program

Minister pledges to abide by IMF-backed reform program JAKARTA (JP): Minister of Industry and Trade Mohamad (Bob) Hasan promised yesterday that he would abide by the terms of the IMF-backed reform program which diminishes the power of the highly controversial Association of Indonesian Wood Panel...

Modernland Realty may sell projects

Modernland Realty may sell projects JAKARTA (JP): Publicly listed Modernland Realty of the Modern Group is considering selling some of its property projects to foreign investors to pay its offshore debts, a company executive said yesterday.Commissioner A.F.

Jababeka-Bahana deal

Jababeka-Bahana deal JAKARTA (JP): Publicly listed industrial estate developer PT Kawasan Industri Jababeka has appointed PT Bahana Pembinaan Usaha Indonesia as financial advisor to help to cope with the current monetary crisis, the company said yesterday."I believe the crisis will end.

Crisis delays RI's oil import payments

Crisis delays RI's oil import payments SINGAPORE (Reuters): Indonesia is one of the largest crude oil exporter in Asia, but its financial crisis and a shortage of foreign reserves has affected its ability to pay for crude and oil products imports, traders said yesterday.

Govt to sell more of its shares in six listed firms

Govt to sell more of its shares in six listed firms JAKARTA (JP): The government will sell more of its shares in six publicly listed firms to foreign investors to raise badly needed funds to finance the government's inflated spending.

No hike in minimum wage: Theo

No hike in minimum wage: Theo JAKARTA (JP): The government decided yesterday not to raise monthly minimum wages throughout the country despite last minute pleas for a 20-percent increase from labor leaders.Minister of Manpower Theo L.

Asian currencies lower in quiet trade

Asian currencies lower in quiet trade SINGAPORE (Reuters): Asian currencies closed a quiet day's trade yesterday drifting lower as the end of the fiscal year for many companies approached, while most traders awaited fresh developments from Indonesia's talks with the International Monetary Fund.

More migrants arrive in Medan from Malaysia

More migrants arrive in Medan from Malaysia MEDAN, North Sumatra (JP): Nearly 1,000 illegal migrants arrived here yesterday after being deported from Malaysia Sunday.The 972 arrived in Medan yesterday morning aboard a special six-car train from the port city of Tanjungbalai, 130 kms southeast of...

Sticker system will not involve private sector

Sticker system will not involve private sector JAKARTA (JP): The sticker system proposed to replace the three-in-one traffic regulation will not involve the private sector, Deputy Governor for Administrative Affairs Abdul Kahfi said yesterday.

Stock prices at JSX end lower in moderate trading

Stock prices at JSX end lower in moderate trading JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) closed marginally lower yesterday in moderate trading as investors took profits on the gains they made last week, stockbrokers said.

Another regional headache

Another regional headache Now that our economic crisis has started to spill over into neighboring countries, the government is facing another problem with not only a regional but also a global impact.Fourteen immigrants from Aceh, in northern Sumatra, forced their way into the compound of the UN...

Romo gets seven years in jail

Romo gets seven years in jail JAKARTA (JP): Arief Kusno Saputo, alias Romo and also known as "Bung Karno", was sentenced to seven years in jail yesterday by a court in Malang, East Java, after having been found guilty of attempting to seed hate and undermine the government.

Stable rupiah needed for recovery

Stable rupiah needed for recovery The rupiah remains very weak, even after the central bank significantly increased its promissory note rates last week. Economist Kwik Kian Gie discusses the necessity to stabilize the country's foreign exchange system.

Soeharto willing to hold dialog with students

Soeharto willing to hold dialog with students JAKARTA (JP): President Soeharto has expressed a willingness to hold a dialog with students who have been protesting rising prices and demanding reforms.State Minister of Youth and Sports Affairs Agung Laksono said yesterday the President would gladly...

Ranariddh returns to Cambodia, vows to work for unity

Ranariddh returns to Cambodia, vows to work for unity PHNOM PENH (AFP): Prince Norodom Ranariddh returned to a rapturous welcome amidst tight security in Phnom Penh yesterday after nearly nine months in exile since being deposed as co- premier.

ABRI has better understanding on rights: Amaral

ABRI has better understanding on rights: Amaral JAKARTA (JP): Human rights campaigner Clementino Dos Reis Amaral has praised the Armed Forces' (ABRI) improved awareness of human rights, citing how the military had sought discussions to settle disputes involving its officials.

Government launches new credit scheme

Government launches new credit scheme JAKARTA (JP): The government launched a new credit scheme yesterday called Business Partnership Promotion Credit (KPKU) to help develop small businesses.Coordinating Minister for People's Welfare and Poverty Eradication/Chairman of the National Family Planning...

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Traditional Antique and Unigue Goods Exhibition by Emfam Collections at the Lobby Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81 (Tel. 022 431631), March 31. * Art Exhibition: Room and Street by Hanura Hosea, at Galeripadi Jl. Ir. H.

PPD drivers protest poor treatment

PPD drivers protest poor treatment JAKARTA (JP): Dozens of drivers from the state-owned bus company PPD staged a peaceful protest in front of the PPD head office in Halim, East Jakarta, yesterday, to demand better treatment from the company management.

Hong Kong outdoes Jakarta with its art facilities

Hong Kong outdoes Jakarta with its art facilitiesBy Helly Minarti HONG KONG (JP): Two of Asia's bustling capitalist hubs, Hong Kong and Jakarta much something in common. Driving from Kai Tak or Soekarno-Hatta airports to the city's downtown areas, one sees similar signs of regional metropolitan...

Bundesbank to assist RI in bank reforms

Bundesbank to assist RI in bank reforms JAKARTA (JP): Deutsche Bundesbank, Germany's central bank, is offering its expertise to help Indonesia with the difficult task of consolidating the country's ailing banking industry, said a senior official of the bank.

Irianese rush to river for gold

Irianese rush to river for gold JAYAPURA, Irian Jaya: Hundreds of residents here have trooped off to the Agas River in search of gold, after reports filed in last week that a large gold deposit was discovered in the river.The commander of the South Jayapura Military Command, Capt.