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 1,566 articles

Haze now, acid rain and other problems to come for SE Asia

Haze now, acid rain and other problems to come for SE AsiaBy Paul Alexander SINGAPORE (AP): El Nio brought the severe drought that turned the forests of Indonesia into tinderboxes. Now it's delaying the arrival of seasonal monsoons needed to douse the raging wildfires that have blanketed Southeast...

Pollution-related illnesses baffle health workers

Pollution-related illnesses baffle health workers JAKARTA (JP): The medical community's lack of knowledge about the health hazards associated with air pollution makes it difficult to promote a clean air program, an expert said yesterday.

Pupuk Kaltim keeps title

Pupuk Kaltim keeps title SURABAYA (JP): The pretournament favorite Pupuk Kaltim team, led by world star Denny Sacul, retained the Pahlawan Cup bridge title after beating the Sekayu team 51-28 in the final at the Satelite hotel here Sunday night.

Deutsche, BII sign deal

Deutsche, BII sign deal JAKARTA (JP): The Deutsche Bank and Bank Internasional Indonesia (BII) of Sinar Mas Group announced yesterday that they had signed an agreement to launch a charge card "db-Visa Gold" for selected Deutsche Bank clients in Indonesia later this month.

Astra sales rise but profit falls

Astra sales rise but profit falls JAKARTA (JP): Publicly listed automaker PT Astra International announced a 4 percent decline in its consolidated net profit yesterday to Rp 326.89 billion (US$99.05 million) in the first three quarters this year from Rp 340.

RI car sales drop

RI car sales drop KUALA LUMPUR (Reuters): Growth in vehicle sales in Indonesia is expected to slow down over the next three years, following the country's economic crisis, Herman Latief, vice chairman of the Association of Indonesia Automotive Industries, said yesterday.

Government pulls plug on live House broadcast

Government pulls plug on live House broadcast JAKARTA (JP): A planned live TV broadcast from the House of Representatives (DPR) of Minister of Finance Mar'ie Muhammad's explanation on the economic reform package, was abruptly canceled yesterday after the government intervened.

Tn. Abang vendors 'must be llegalized'

Tn. Abang vendors 'must be llegalized' JAKARTA (JP): The municipality must legalize street vendors operating in the overcrowded Tanah Abang market in Central Jakarta to simplify control and supervision of the area, councilors said yesterday.

Bus passenger stabbed to death by students

Bus passenger stabbed to death by students JAKARTA (JP): A bus passenger died Sunday after being stabbed by a group of high school students who extorted money from him at the Senen Bus Terminal in Central Jakarta on Saturday.

Army to have new spokesman

Army to have new spokesman JAKARTA (JP): Indonesia's military attache at the embassy in Bangkok, Col. I Gde Putu Arya, has been named as Army spokesman replacing Brig. Gen. Robik Mukav.Army Chief of Staff Gen.

Prince buys 3% of Proton

Prince buys 3% of Proton RIYADH (Reuters): Saudi billionaire Prince al-Waleed bin Talal bought a 3 percent stake in Malaysian car maker Perusahaan Otomobil Nasional (Proton), the prince's Kingdom Holding Co. said yesterday."The investment is worth over US$46 million...

Over 1,000 workers dismissed

Over 1,000 workers dismissed SEMARANG, Central Java: More than 1,000 workers have been dismissed in recent weeks in Central Java due to the tough economic situation currently facing many companies."The layoffs occurred because many of the companies where the workers were employed are having...

Trial to unveil supervision failure

Trial to unveil supervision failure The government's recent move to liquidate 16 insolvent banks has raised concerns. Economist Kwik Kian Gie looks at the consequences of the move in this article. JAKARTA (JP): Bank liquidations are always followed by prolonged problems.

Arun's LNG exports reach 169 million tons

Arun's LNG exports reach 169 million tons JAKARTA (JP): PT Arun LNG Co in North Aceh has exported at least 169 million tons of liquefied natural gas (LNG) since its first shipment in 1978, Antara reported yesterday.

Malaysian states face water crisis

Malaysian states face water crisis KUALA LUMPUR (AFP): Two Malaysian states are likely to exhaust their water resources by 2000 and shortages are expected to reach crisis point in 2010, a newspaper reported yesterday.

ASEAN, EU establish new forum

ASEAN, EU establish new forum SINGAPORE (Reuters): About 500 businesses from Southeast Asia and Europe are expected to schedule around 1,300 meetings over two days during the first ASEAN-EU Partenariat gathering, officials said yesterday.

TV Program: Tuesday, Nov. 11, 1997

TV Program: Tuesday, Nov. 11, 1997TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Education Program: Kuliah Universitas Terbuka 4:00 Regional News 4:30 Teenager's Drama: Ika dan Tika 5:00 English Lessons 5:30...

Restart of some projects 'will not undermine reform'

Restart of some projects 'will not undermine reform' JAKARTA (JP): The government said yesterday the resumption of projects previously postponed or reviewed would not undermine governmental efforts to tackle the currency crisis.

Edible oil maker gets $30m loan

Edible oil maker gets $30m loan JAKARTA (JP): Publicly listed cocoa and edible oil producer PT Cahaya Kalbar has secured a US$30 million syndicated loan from local and foreign banks.A director of the firm, Robertus Sampara Lie, said yesterday about $19 million of the loan, which had a maturity of...

Thai currency needs three years to recover: Supachai

Thai currency needs three years to recover: Supachai BANGKOK (AFP): The head of the incoming Thai government's economic team said in remarks published yesterday that it would take three years to tackle Thailand's financial problems and turn the economy around.

Impact of bank liquidations

Impact of bank liquidationsFrom Pikiran RakyatAs we all have learnt, on Nov. 1 the government revoked the business licenses of 16 troubled commercial banks. The government also announced that the customers of these banks could withdraw up to Rp 20 million of their deposits through BNI, BRI and BDN...

Environment minister needs 'greater power'

Environment minister needs 'greater power' JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja said yesterday that whoever fills his post in the next cabinet should be given greater power to deal with environmental problems.

Political hurdles still blocking Asian fund

Political hurdles still blocking Asian fund TOKYO (Reuters): Political hurdles still need to be cleared to enable the successful launch of an Asian emergency financial facility to help address financial crises in the region, senior analysts in Japan say.

Pattimura University fights to save 'mermaids'

Pattimura University fights to save 'mermaids'By John Mayaut MALUKU (Antara): A warning has been sounded for the dugong, also called sea cows, the gentle mammal of the Pacific Ocean which may have been the mermaid of fisherman's lore.

Remembering Nov. 10, 1945

Remembering Nov. 10, 1945From MerdekaWith the blessing of God the almighty, we celebrated the 52nd anniversary of the proclamation of Indonesia's independence last Aug. 17. We are now in November, a month that is historically significant to the Indonesian nation.

JSP to sell 50m shares

JSP to sell 50m shares JAKARTA (JP): Publicly listed property developer PT Jakarta Setiabudi Property (JSP) will sell 50 million new shares, or 9.33 percent of its enlarged common stocks, to the public later this year, the company announced yesterday.

New Thai Prime Minister Chuan working out cabinet

New Thai Prime Minister Chuan working out cabinet BANGKOK (Agencies): Thailand's new government was taking shape yesterday, one day after Democrat Party leader Chuan Leekpai became prime minister, coalition sources and political analysts said.

Japan wonders if Asian investment backfired

Japan wonders if Asian investment backfiredBy Miwa Suzuki TOKYO (AFP): An extensive network of factories and joint ventures in Southeast Asia makes it very difficult for Japan to reduce its exposure to the regional financial crisis, analysts say.

Mangga Dua traders confront City Council

Mangga Dua traders confront City Council JAKARTA (JP): Traders of Mal Mangga Dua in West Jakarta visited the City Council yesterday, complaining about the unfair treatment of the shopping mall's management.

Assembly regularly makes mistakes, law expert says

Assembly regularly makes mistakes, law expert says JAKARTA (JP): The People's Consultative Assembly is not supposed to establish decrees during its five-yearly general session, a constitutional law expert said over the weekend.

Morning flights out of Medan canceled

Morning flights out of Medan canceled MEDAN, North Sumatra: Garuda Indonesia has temporarily canceled all morning flights from Medan to Jakarta because of the haze covering the Polonia Airport in Medan, Antara said.The airlines had virtually canceled both scheduled morning flights -- at 8.40 a.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 10, 1997: --------------------------------------------------------- Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 2,500 0 0 Alter Abadi 525...

Banks 'closed by proper procedures'

Banks 'closed by proper procedures' JAKARTA (JP): The government will not review the closure of 16 insolvent banks because the measure was taken according to proper procedures, Minister of Finance Mar'ie Muhammad asserted yesterday.

Two die of AIDS related illnesses

Two die of AIDS related illnesses SEMARANG: Two people with Acquired Immune Deficiency Syndrome (AIDS) in Central Java have died, the chief of the province's health office said.Both were women who had worked as prostitutes, Sri Astuti Suparmanto told Antara.

RI to send bowlers to World Cup

RI to send bowlers to World Cup JAKARTA (JP): The Indonesian Bowling Association is send Lily Suhaimi and Gatot Aryo Nugroho, the 19th SEA Games silver medalists, to the 33rd AMF Bowling World Cup in Cairo from Nov. 15 to Nov. 22.Association chairman Oke F.

S'pore govt goes into plane-leasing business

S'pore govt goes into plane-leasing business SINGAPORE (AFP): Two investment arms of the Singapore government have agreed to take strategic stakes in an aircraft leasing firm which expects more business amid a regional aviation slump, company officials said yesterday.

Haj instructors reject city's selection process

Haj instructors reject city's selection process JAKARTA (JP): About 2,000 haj instructors staged a rally yesterday, demanding that the municipality revoke its decision to numerically select Jakarta pilgrims.

Riau relocates heroes' remains

Riau relocates heroes' remains PEKANBARU, Riau: Authorities exhumed the bodies of 18 freedom fighters from various cemeteries and gave them a proper heroes burial, complete with military ceremony, at the Kusuma Bhakti Cemetery in Pekanbaru yesterday, Antara reported.

Where to go in Jakarta: Tuesday, Nov. 11, 1997

Where to go in Jakarta: Tuesday, Nov. 11, 1997Exhibitions * Painting Exhibition: Breakaway 1995 by Maud Van Der Lely, Vajaraporn Sukanich, Miryung Muir, Jeannette Bijlmer, at KOI Gallery Restaurant, Jl. Mahakam I/2, Souty Jakarta, daily, 11 a.m. to 11 p.m., until Nov. 16.

Philippines places rice orders ahead of El Nino

Philippines places rice orders ahead of El Nino MANILA (Reuters): The Philippines has placed orders for rice from neighbouring countries in preparation for a shortage due to the El Nino weather phenomenon, a senior official said yesterday.

30 racers take part in Mesran junior rally

30 racers take part in Mesran junior rally JAKARTA (JP): Fifteen drivers are set to take part in the Mesran junior rally from Bandung to Jakarta on Nov. 16.Organizer Helmy Sungkar said yesterday that the racers would compete in seven special stages covering a total distance of 140 kilometers from...

Local contractors face bleak future

Local contractors face bleak future JAKARTA (JP): Contractors in the country face a gloomy outlook, as the lack of growth in the property sector could leave many businesses idle for at least the next two years, the Indonesian Association of Contractors has said.

BDNI expects higher amount of loan defaults

BDNI expects higher amount of loan defaults JAKARTA (JP): Publicly listed PT Bank Dagang Nasional Indonesia (BDNI) expects a higher amount of loan defaults this year due to the country's economic crisis.

Three arrested for theft at Grand Hyatt

Three arrested for theft at Grand Hyatt JAKARTA (JP): Three men have been arrested for allegedly attempting to steal dozens of packs of cigarettes and bottles of imported liqueur from the bar of a five-star hotel in Central Jakarta.City police spokesman Lt. Col. E.

Asian companies will now focus on risk: Survey

Asian companies will now focus on risk: Survey MANILA (AFP): Blindsided by plunging currencies, Asian companies which failed to hedge their foreign currency debts now face funding problems and will have to devote more time to managing risks, a survey released yesterday said.

New rates set for tax payment

New rates set for tax payment JAKARTA (JP): The government announced yesterday 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.According to the Minister of Finance Decree no. 555/KMK.

Cutline

CutlineHeroes DayJP/alx President Soeharto congratulates Ratna Djoeami (center) who received the Mahaputera Utama medal on behalf of her foster mother the late Inggit Garnasih first wife of former President Sukarno.Inggit married Sukarno in Bandung, West Java, in 1923.

Envoy's attacker may get jail term

Envoy's attacker may get jail term JAKARTA (JP): A prosecutor urged the Central Jakarta District Court yesterday to sentence a homeless man to two years and five months in jail for extorting money from Palestinian Authority Ambassador Ribhi Awad.

PDI urges strengthening of Supreme Court

PDI urges strengthening of Supreme Court JAKARTA (JP): The minority faction Indonesian Democratic Party (PDI) insisted yesterday that the People's Consultative Assembly give the Supreme Court the judicial right to review laws.

Polish doctor drowns in Bali

Polish doctor drowns in Bali DENPASAR, Bali: A Polish doctor drowned at Kuta Beach in Bali, Antara reported yesterday.An official at the Denpasar General Hospital identified the man as Pawlicki Walderma Gerhard, a former director of the Warsaw Hospital."The body has been embalmed in the morgue.