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Thu, 04 Nov 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 03, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 550 0 0 Alakasa Industrindo 325 0 0 Alter Abadi 350 0 0 Alumindo Light Metal...
Thu, 04 Nov 1999
HCB sues state company
HCB sues state company JAKARTA (JP): The Hongkong Chinese Bank (HCB) has filed at the Commercial Court a bankruptcy claim against state-owned ship builder PT Dok & Perkapalan Kodja Bahari for allegedly failing to pay US$3.5 million in promissory notes, according to a court document.
Thu, 04 Nov 1999
Woman judges set to be mandatory in rape cases
Woman judges set to be mandatory in rape cases JAKARTA (JP): The government plans to issue a regulation requiring at least one of the three judges presiding over rape trials be a woman.State Minister of the Empowerment of Women Khofifah Indar Parawansa said here on Wednesday she presented her...
Thu, 04 Nov 1999
Astra Agro's profits fall
Astra Agro's profits fall JAKARTA (JP): Publicly listed plantation company Astra Agro Lestari recorded a consolidated net income of Rp 121.1 billion (US$17.3 million) in the third quarter which ended in September, a 19.6 percent drop from Rp 150.6 billion in the corresponding period last year.
Thu, 04 Nov 1999
Administration denies bribing Bekasi councilors
Administration denies bribing Bekasi councilors JAKARTA (JP): The city administration denied on Wednesday it bribed Bekasi councilors Rp 1 million (US$147) each to retract their demand for the closure of the 108-hectare Bantar Gebang dump site in Bekasi.
Thu, 04 Nov 1999
PSSI to introduce quarterfinals to Ligina
PSSI to introduce quarterfinals to Ligina JAKARTA (JP): The Soccer Association of Indonesia (PSSI) has approved the staging of quarterfinals matches for the first time in the history of the Indonesian Soccer League (Ligina).
Thu, 04 Nov 1999
U.S. says trade plan won't hurt forests
U.S. says trade plan won't hurt forests WASHINGTON (Reuters): A controversial U.S. proposal to slash tariffs worldwide on paper, wooden furniture and other forest products would have little impact on the environment, the White House said on Tuesday in a study playing down the threat of...
Thu, 04 Nov 1999
Chinese tycoons ready to bring back US$5b-$10b
Chinese tycoons ready to bring back US$5b-$10b JAKARTA (JP): Chinese-Indonesian tycoons are preparing to repatriate between US$5 billion and $10 billion in funds they sent out of the country amid the economic and political turmoil of the past two years, a noted businessman said on Wednesday.
Thu, 04 Nov 1999
Manila to end SGS contract
Manila to end SGS contract MANILA (DPA): The Philippines might cancel its import monitoring contract with Societe Generale de Surveillance (SGS) due to the firm's failure to curb rampant smuggling, President Joseph Estrada said Wednesday.
Thu, 04 Nov 1999
Toyota-Astra launches new car
Toyota-Astra launches new car JAKARTA (JP): PT Toyota-Astra Motor announced on Wednesday the launch of its new Camry sedan into the local market.The company said on Wednesday the new car comes in two models, the 2,200cc engine capacity Camry GLX with four cylinders and 16 valves DOHC system and the...
Thu, 04 Nov 1999
Police open investigation of Depok church burning
Police open investigation of Depok church burning JAKARTA (JP): The police have questioned seven witnesses in the burning of a Protestant church on Tuesday in Beji, Depok, south of Jakarta, city police chief Maj. Gen. Noegroho Djajoesman said.
Thu, 04 Nov 1999
TNI feared to hamper investigation into Aceh rights abuses
TNI feared to hamper investigation into Aceh rights abuses Though thousands of internal refugees have returned home, sporadic violence and disappearances continue in Aceh amid mounting calls for a referendum.
Thu, 04 Nov 1999
Indosat reports Rp 1.19t net income in third quarter
Indosat reports Rp 1.19t net income in third quarter JAKARTA (JP): PT Indosat announced on Wednesday an unaudited consolidated net income of Rp 1.19 trillion (US$170 million) for the first nine months of the year ending Sept. 30.
Thu, 04 Nov 1999
Dining at The Restaurant on the Island of Paradise
Dining at The Restaurant on the Island of Paradise DENPASAR, Bali (JP): One would not associate Bali with Fine Dining, which requires strict adherence to dress codes, settings and venues. So it is a pleasant surprise to find that fine dining does exist on this island, but with a difference to the...
Thu, 04 Nov 1999
Lottery ticket vendor killed
Lottery ticket vendor killed JAKARTA (JP): A vendor of lottery tickets was allegedly killed on Friday night by a friend following a dispute a day earlier over an amount of money lent to the suspected killer, the victim's friends said on Wednesday.
Thu, 04 Nov 1999
Anwar claims chief made up evidence
Anwar claims chief made up evidence KUALA LUMPUR (AFP): Sacked deputy premier Anwar Ibrahim said on Wednesday a former Malaysian police chief had given false evidence against him because he bore a grudge over the loss of a lucrative post-retirement job with a gambling firm.
Thu, 04 Nov 1999
Ininvex '99 eyes 30,000 visitors
Ininvex '99 eyes 30,000 visitors JAKARTA (JP): A major exhibition promoting investment in Indonesia to be held in Singapore next month is expected to draw some 30,000 visitors, including 6,000 prospective foreign investors and buyers, the organizers said on Wednesday.
Thu, 04 Nov 1999
Asian stocks mixed as investors take profit
Asian stocks mixed as investors take profit HONG KONG (AP): Asian stocks were mixed Wednesday, as investors sold off shares following recent rallies in some markets and looked for bargains in others.The region's biggest market, Tokyo, was closed for a holiday.
Wed, 03 Nov 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 02, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 475 0 0 AHAP Insurance 550 0 0 Alakasa Industrindo 325 0 21,500 Alter Abadi 350 50 61,500 Alumindo...
Wed, 03 Nov 1999
Troops shoot protesters in Aceh, 23 wounded
Troops shoot protesters in Aceh, 23 wounded JAKARTA (JP): At least 23 people were seriously injured in Meulaboh, West Aceh, on Tuesday afternoon when military troops opened fire on thousands of demonstrators who took to the streets to demand a self-determination referendum for the troubled...
Wed, 03 Nov 1999
$16b expected to return from S'pore: Report
$16b expected to return from S'pore: Report SINGAPORE (AFP): A fifth of US$80 billion in funds that fled Indonesia when unrest was at its height is expected to return following the election of a new leadership, the Singapore Business Times said Tuesday.
Wed, 03 Nov 1999
Asian currencies test long-term highs
Asian currencies test long-term highs HONG KONG (Dow Jones): Asian currencies tested new long-term highs Tuesday, but most failed to sustain their gains and had fallen back again by the end of local trading hours.
Wed, 03 Nov 1999
Oil prices stable in Asia
Oil prices stable in Asia SINGAPORE (Reuters): Crude prices in Asia were steady on Tuesday, holding the gains from a rally in London and New York on Monday.December New York Mercantile Exchange (NYMEX) crude futures were last traded at $22.50 at 0745 GMT, down just one cent from the New York close.
Wed, 03 Nov 1999
Marzuki pledges to 'clean up' office
Marzuki pledges to 'clean up' office JAKARTA (JP): Newly-appointed Attorney General Marzuki Darusman promised on Tuesday to start "cleaning up" his office and pledged not to compromise in investigations of politically sensitive cases.
Wed, 03 Nov 1999
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Installation Exhibition by Iwan Wijono, at CCF - French Cultural Center, Jl. Purnawarman 32, until Nov. 10. * Painting Exhibition by Dadang Mochamad Achjar, at Galeri Bandung, Jl. Siliwangi 16 (Phone: 236515), 9 a.m. to 5 p.m., Nov. 5-20.
Wed, 03 Nov 1999
Recommendations to the govt
Recommendations to the govt In order to maintain a reform agenda, so that the goal of a new democratic Indonesia will be achieved, and as a result of the Symposium on Clean and Good Governance, held in Bandung, the Center for Information and Development Analysis states that:1.
Wed, 03 Nov 1999
Government releases Bank Bali audit
Government releases Bank Bali audit JAKARTA (JP): President Abdurrahman Wahid released on Tuesday the full PricewaterhouseCoopers (PwC) audit into transactions in the Bank Bali scandal, meeting a critical requirement for the resumption of international loans to the government.
Wed, 03 Nov 1999
Drug raids last with two condoms
Drug raids last with two condoms BOGOR (JP): A joint drug raid carried out on Tuesday by the Bogor administration in four schools failed to seize any drugs, although two condoms, a pornographic video compact disc (VCD) and pictures from Playboy magazine were found in a boy's schoolbag in the...
Wed, 03 Nov 1999
Bomer vows to tackle unemployment
Bomer vows to tackle unemployment JAKARTA (JP): Shrugging off criticisms over his appointment, new Minister of Manpower Bomer Pasaribu has pledged to set up good industrial relations and step up labor exports in an effort to help reduce unemployment in the country.
Wed, 03 Nov 1999
No preference for U.S. investors: IBRA
No preference for U.S. investors: IBRA JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) dismissed on Tuesday allegations that the agency prefers investors from a certain country for buying assets under its management, saying it would always give the first option to local investors.
Wed, 03 Nov 1999
PSSI to issue guidelines on player transfers, terms
PSSI to issue guidelines on player transfers, terms JAKARTA (JP): The Indonesian Soccer Association (PSSI) will issue guidelines on players' working terms and their transfer between clubs across provinces.
Wed, 03 Nov 1999
Home appliance scam uncovered by police
Home appliance scam uncovered by police JAKARTA (JP): City police detectives arrested three men in different raids last week for allegedly substituting non-Philips home appliances and reselling them as the authentic product, an officer said on Tuesday.Jakarta Police Detective chief Col.
Wed, 03 Nov 1999
Riau students run amok
Riau students run amok PEKANBARU, Riau: Two massage parlors were burned down and several entertainment buildings vandalized by some 400 university students on Tuesday after they demonstrated for the closure of nightspots which allegedly tolerated prostitution, gambling and drug use on their...
Wed, 03 Nov 1999
Indonesia's foreign policy principles maintained
Indonesia's foreign policy principles maintained JAKARTA (JP): After officially taking over the reins of the foreign ministry on Tuesday, Alwi Shihab stressed his determination to maintain Indonesia's principles in its foreign policy, including maintaining a strong focus on regional issues.
Wed, 03 Nov 1999
Budget restraints
Budget restraints The decision by the House of Representatives on Tuesday to release the PricewaterhouseCoopers full audit on Bank Bali will pave the way for the resumption of US$4.7 billion in international aid held up since September, thereby securing state budget revenues for the second half of...
Wed, 03 Nov 1999
Will President Abdurrahman Wahid remain a democrat?
Will President Abdurrahman Wahid remain a democrat? George Aditjondro Ph.D who is well-known for his research on the wealth of Soeharto and Habibie, talked to The Jakarta Post recently in Singapore on numerous issues, including the current political changes taking place in Indonesia.
Wed, 03 Nov 1999
Minister or Ministry?
Minister or Ministry? The new government recently decided that two ministries, the Ministry of Information and Ministry of Social Affairs, were to be closed down, reportedly leaving about 78,000 employees in confusion of what life is going to be like in the days to come.
Wed, 03 Nov 1999
Habibie's ex-adjutant new city garrison chief of staff
Habibie's ex-adjutant new city garrison chief of staff JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman installed on Tuesday former president B.J. Habibie's adjutant Col. Hasanuddin as the new chief of staff of the Jakarta Garrison.Hasanuddin replaced Brig. Gen.
Wed, 03 Nov 1999
Unity is strength
Unity is strength Democracy has now found its place in Indonesia. Democracy offers a favorable atmosphere for the development of human personality. While referring to democracy, a humane incident which I read about a long time ago comes to mind.An American soldier was riding on a bus to Sweden.
Wed, 03 Nov 1999
NU to criticize Gus Dur if he steps out of line
NU to criticize Gus Dur if he steps out of line SEMARANG (JP): Nahdlatul Ulama (NU) vowed to be critical if need be toward President Abdurrahman Wahid's government, chief of NU's Central Java chapter Achmad said on Tuesday.
Wed, 03 Nov 1999
City administration queried over fuel tax
City administration queried over fuel tax JAKARTA (JP): A councilor demanded on Tuesday the city administration quickly give a clear explanation why it has been unable to reach the target of Rp 36 billion (US$5.37 million) from fuel tax collections in the 1998/1999 fiscal year.
Wed, 03 Nov 1999
Conversion Rates
Conversion Rates Bank Indonesia's conversion rates on Oct. 02, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,711.00 6,779.00Australian dollar 1 4,288.33 4,338.56Austrian schilling 1 513.07 518.76Belgian franc 1 175.01 176.95Brunei dollar 1 4,034.75 4,078.08Canadian dollar 1 4,577.
Wed, 03 Nov 1999
Where to go in Surabaya:
Where to go in Surabaya:Exhibition * Ancient Money Exhibition: Uang Nusantara Milenium 2, at The Westin Surabaya, Jl. Embong Malang 85-89 (Phone: 031 5458888), until Nov. 5.Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend.
Wed, 03 Nov 1999
Citigroup to buy Diners Club
Citigroup to buy Diners Club TOKYO (DPA): Japan's Fuji Bank and Japan Travel Bureau Incorporation (JTB) said Tuesday they have agreed to sell their share-holdings in Japanese credit card company Diners Club of Japan Incorporation to Citigroup Incorporation of the United States.
Wed, 03 Nov 1999
KL's palm oil prices down
KL's palm oil prices down KUALA LUMPUR (Reuters): Malaysian palm oil prices ended lower on Tuesday extending overnight falls on bearish sentiment and lack of supportive news.Technical selling also contributed to the fall.
Wed, 03 Nov 1999
Government allays fears of power, fuel price hikes
Government allays fears of power, fuel price hikes JAKARTA (JP): Minister of Mines and Energy Susilo Bambang Yudhoyono allayed on Tuesday any fears of an imminent price hike for electricity and fuel."The government is not considering or has not planned to raise power and fuel prices," Yudhoyono...
Wed, 03 Nov 1999
Gus Dur's new Asian paradigm
Gus Dur's new Asian paradigmBy Nova Poerwadi JAKARTA (JP): Before he was elected President, Abdurrahman Wahid, popularly known as Gus Dur, promised to make Asia (and by extension, the Middle East) the focus of Indonesia's new foreign policy.
Wed, 03 Nov 1999
Economic optimism leads to rebuilding of stores, markets
Economic optimism leads to rebuilding of stores, markets JAKARTA (JP): Almost 95 percent of destroyed retail business buildings in the city have been rebuilt following increasing optimism on the part of businessmen's attitudes toward economic recovery, a business association executive said on...
Wed, 03 Nov 1999
Witnesses questioned over soldiers' attack on market
Witnesses questioned over soldiers' attack on market JAKARTA (JP): Interrogators from the Jakarta Military Police have started questioning 10 witnesses on an attack on Sunday by some 40 soldiers at the Senen Market in Central Jakarta, a senior official said on Tuesday.Col.
Wed, 03 Nov 1999
The President's initial moves
The President's initial moves A few days after his election as the fourth President, even before his Cabinet was formed, Abdurrahman Wahid made some surprising diplomatic moves. First was his plan to visit ASEAN countries, Japan and the People's Republic of China.