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 1,396 articles

Owner Bob Hasan reshuffles 'Gatra'

Owner Bob Hasan reshuffles 'Gatra' JAKARTA (JP): Timber tycoon Mohammad (Bob) Hasan, who controls PT Era Media Informasi, publisher of the Gatra weekly, has sacked the magazine's directors and chief editor for unclear reasons.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov.26, 1998: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 375 0 15,000 AHAP Insurance 400 0 0 Alter Abadi 300 25 930,000 Alumindo Light Metal 300 0 130,500 Alumindo...

Shoe workers complain of torture

Shoe workers complain of torture JAKARTA (JP): Workers of shoe producer PT Emperor Footwear Indonesia complained on Thursday of being tortured while staging a protest early this week at the factory's site in Bantar Gebang, Bekasi.

China defense minister in S'pore

China defense minister in S'pore SINGAPORE (AP): Chinese Defense Minister Gen. Chi Haotian met on Thursday with his Singapore counterpart, Tony Tan, Singapore's Defense Ministry said in a statement.Chi, who is in Singapore on a four-day official visit, was to meet with Singapore Prime Minister Goh...

UN-sponsored talks resume on East Timor after brief halt

UN-sponsored talks resume on East Timor after brief halt UNITED NATIONS (Agencies): United Nations-sponsored talks on the question of East Timor resumed on Wednesday after being broken off last Friday, a UN spokesman said.

Stocks recoup their losses, rupiah stays flat

Stocks recoup their losses, rupiah stays flat JAKARTA (JP): Speculative buying on banking stocks fueled a 1.9 percent gain on the local market on Thursday, but the rupiah held its own to end the day virtually unchanged.After a sharp correction of 7.

Thai baht rises against dollar, Singapore's currency plunges

Thai baht rises against dollar, Singapore's currency plunges SINGAPORE (Dow Jones): The courses taken by Southeast Asian currencies diverged sharply on Thursday. As a steady stream of investment inflows lifted the Thai baht to a fresh 58-week high against the U.S.

Golkar 'dissidents' look set to announce their stance soon

Golkar 'dissidents' look set to announce their stance soon JAKARTA (JP): One hundred and fifty dissenting members of the ruling Golkar grouping are to meet soon to plan their future strategy.Antara on Thursday quoted member Uncu Natsir, who is coordinating the meeting, as saying that the talks...

RI 'still attractive' for oil and gas investment

RI 'still attractive' for oil and gas investment JAKARTA (JP): An official at state oil and gas company Pertamina said on Wednesday that the country's oil and gas potential and the incentives offered by the government for their development meant Indonesia was still attractive for investors.

Two mobbed to death

Two mobbed to death TANGERANG (JP): An unidentified man was beaten to death by angry mobs after being caught red-handed attempting to steal a motorcycle in Caranang village of Cikupa district here on Wednesday night.Tangerang Police chief detective Capt.

House committee agrees on keeping old PR system

House committee agrees on keeping old PR system JAKARTA (JP): A special committee of the House of Representatives agreed on Thursday to retain the old proportional representation (PR) system for next year's general election, but with major improvements to make it more democratic.

PBSI to appeal Sigit's one-year suspension handed down by IBF

PBSI to appeal Sigit's one-year suspension handed down by IBF JAKARTA (JP): The Badminton Association of Indonesia (PBSI) will file an appeal to the International Badminton Federation (IBF) over a one-year suspension it has imposed on doubles specialist Sigit Budiarto.

Japan eyes business deals during Jiang's visit

Japan eyes business deals during Jiang's visitBy Edward Neilan "Bullet train" excursion may mean more to ties than "spin doctor" politicizing. TOKYO (JP): Chinese President Jiang Zemin's ride on a Shinkansen "bullet train" between Tokyo and Sendai will be the most important event during his visit...

Soemitro pleads for fair treatment of son Prabowo

Soemitro pleads for fair treatment of son Prabowo JAKARTA (JP): The country's most respected economist Soemitro Djojohadikusumo appealed to the media on Thursday to be fair to his son, Lt. Gen. (ret) Prabowo Subianto, discharged from the military for his role in the abduction of political activists.

RI crew saved from ship mishap

RI crew saved from ship mishap JAKARTA: An Indonesian cargo vessel M.V. Kalimantan Express carrying 3,000 tons of pulses from Myanmar to Calcutta sank in the Bengal Bay on Wednesday, but all its 22 crew members were safe, Antara reported on Thursday.

BRI boss probe over graft charges

BRI boss probe over graft charges JAKARTA (JP): President director of government-owned Bank Rakyat Indonesia (BRI) Djoko Santoso Moeljono was questioned by the Attorney General's Office on Thursday as a suspect in a Rp 572.2 billion ($76 million) loan scandal, Antara reported.

General admits Irianese victimized in army operations

General admits Irianese victimized in army operations JAKARTA (JP): The military commander overseeing Maluku and Irian Jaya, Maj. Gen. Amir Sembiring, has acknowledged that many Irianese were victimized during military operations to hunt separatists.

Capital's subway project hinges on financing: Minister

Capital's subway project hinges on financing: Minister JAKARTA (JP): Minister of Communications Giri Suseno Hadihardjono said that implementation of the much delayed Jakarta subway project would depend on whether the government could secure the necessary financing.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Fine Art Photography, at Galeri Foto Cahya, Plaza Menteng, 2nd floor, C7-8, Jl. H.O.S. Cokroaminoto 79, Menteng, Central Jakarta, 10 a.m. to 8 p.m., until Dec. 7. * Painting Exhibition: Temu Ragam Lima Pelukis, at Balai Budaya, Jl.

German investors told to stay in Indonesia

German investors told to stay in Indonesia JAKARTA (JP): A former German economics minister has advised his compatriots to persevere in crisis-hit Indonesia to maintain market share for when the economy rebounds.

Australia ships wheat to RI

Australia ships wheat to RI JAKARTA (JP): Prominent Australian wheat flour producer Manildra Pty Ltd has shipped a significant amount of wheat flour to Indonesia, the Australian Embassy announced on Thursday.

Aceh coral reefs endangered

Aceh coral reefs endangered BANDA ACEH, Aceh: Ninety percent of the coral reefs around the Banyak islands have been damaged because of the use of dynamite and cyanide by fishermen in the area, Antara reported.

Surprise twist delays the trial of Anwar

Surprise twist delays the trial of Anwar KUALA LUMPUR (AP): A surprise twist delayed the sex and corruption trial of former Deputy Prime Minister Anwar Ibrahim on Thursday when the chief prosecutor was called away to testify in a related criminal case.

Hartati Murdaya, repent!

Hartati Murdaya, repent!From Sinar PagiMrs. Siti Hartati Murdaya's TV appearance on Nov. 16 angered and amused me at the same time (TVRI's Dialog Khusus or Special Dialog program).It is ridiculous that as a member of the Supreme Advisory Council (DPA) she confessed she was not well-versed in...

WFP blended food arrives

WFP blended food arrives JAKARTA (JP): The United Nations World Food Program (WFP) announced on Thursday the arrival of the first 200 tons of a 8,660-ton consignment of blended food for Indonesia as part of its overall package of food assistance.

Maan swings into second place in Matoa Open

Maan swings into second place in Matoa Open JAKARTA (JP): Defending champion Maan Nasim showed that persistent play pays off by moving to second on the scoreboard as other title contenders faltered in the third round of the Rp 100 million (US$13,300) Matoa Nasional Open-Andersen Consulting...

Students clash with Tarutung police

Students clash with Tarutung police JAKARTA (JP): Demonstrations on Thursday were marred by violence as stone pelting between students, other protesters and security officers in Medan, North Sumatra led to warning shots and tear gas being directed at demonstrators.

Briton, Filipinos injured in air crash

Briton, Filipinos injured in air crash CEBU, Philippines (AFP): A Briton and two Filipinos were injured when a light plane ditched in the sea near this central Philippine city on Thursday, an aviation official said.Jack Clout, British electronics engineering consultant for Pilipino Telephone Corp.

Fired workers turning to LBH for counsel

Fired workers turning to LBH for counsel JAKARTA (JP): At least 10,000 dismissed workers from Greater Jakarta visited the capital's Legal Aid Institute (LBH Jakarta) between January and Nov. 18 to ask for legal advice in disputes with their employers, a lawyer said on Thursday.

Foreign investment to decline by 30 percent

Foreign investment to decline by 30 percent JAKARTA (JP): Foreign investment approvals are likely to decline by about 30 percent this year to US$21.9 billion from $33.8 billion in 1997, according to a senior investment official.

Habibie hits damage, arson of 22 churches

Habibie hits damage, arson of 22 churches JAKARTA (JP): President B.J. Habibie has condemned as "unforgivable" the burning and vandalization of 22 churches and five Protestant and Catholic schools in the capital last Sunday.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 26, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,275.00 7,475.00 7,275.00 7,550.00Austrian schilling 1 572.20 642.20 - -Australian dollar 1 4,572.50 4,832.50 4,585.00 4,935.00Belgian franc 1 191.

No priority for ABRI

No priority for ABRIFrom Pikiran RakyatAre Armed Forces (ABRI) members special? They are in the legislative body in great numbers without being elected. The number of seats occupied by ABRI is special compared to those given to the people's representatives.

Why roaming charges?

Why roaming charges? It has been confirmed that Jakarta, Bogor, Tangerang and Bekasi (Jabotabek) are free of cellular phone roaming charges. However I have received several charges for roaming costs within the area, especially Bogor. I live in Bogor and work in Jakarta.

Broken fridges leave morgue at reduced capacity

Broken fridges leave morgue at reduced capacityBy Ivy Susanti JAKARTA (JP): Normally able to accommodate 28 bodies, the morgue at the Cipto Mangunkusumo General Hospital, the only hospital authorized to do postmortem examinations in the capital, is currently operating at only about one third its...

Consequences of MNC domination

Consequences of MNC dominationBy Beni Sindhunata This is the first of two articles on foreign investment in Indonesia. JAKARTA (JP): In the past six months, widespread allegations of corrupt practices in mega-projects involving multinational companies (MNCs) and billions of U.S.

Senators challange Salim's

Senators challange Salim's MANILA (AP): Philippine lawmakers are attempting to prevent Indonesian Salim Group's First Pacific Co. from taking a controlling stake in the Philippines' biggest telecommunications company.

Team to gather data on Pinrang riots

Team to gather data on Pinrang riots JAKARTA (JP): Director General for Regional Autonomy and Public Administration Ryaas Rasyid of the Ministry of Home Affairs said on Thursday in Jakarta that he had sent a team to Pinrang, South Sulawesi to gather data regarding riots there.

Frenzied situation 'will not discourage investors'

Frenzied situation 'will not discourage investors' JAKARTA (JP): Most Asian and European executives consider the current frenzied situation in Indonesia as part of the transition to the creation of a real democracy and that it will therefore not discourage foreign investors.

Certificate for CN235-220

Certificate for CN235-220 JAKARTA (JP): State aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) has received the airworthiness certificate from the Indonesian Military Airworthiness Authority (IMAA) for its CN235-220 military aircraft.

I need no ultimatum over gambling dens: Sutiyoso

I need no ultimatum over gambling dens: Sutiyoso JAKARTA (JP): Governor Sutiyoso says he deplores the remarks made by city councilors who demanded his resignation unless he closed down all gambling dens in the capital.

Mexico's Cemex prepared to buy another six percent in Semen Gresik

Mexico's Cemex prepared to buy another six percent in Semen Gresik JAKARTA (JP): Mexico's Cemex SA will buy another 6 percent stake in PT Semen Gresik through an open market beginning next week, to increase its shares in the country's largest cement producer to 20 percent.

Jamsostek offers free medical help to the poor

Jamsostek offers free medical help to the poor JAKARTA (JP): Life is hard for Syahlani. Soon after his dismissal as a driver of state-owned transportation company PT Damri in July, he opened a food stall near his house.He earns between Rp 10,000 (US$1.

Five journalists get CPJ awards

Five journalists get CPJ awards NEW YORK (AFP): Journalists from Belarus, Eritrea, Indonesia, Niger, Panama were lauded late on Tuesday by the Committee for the Protection of Journalists (CPJ) for covering the news in difficult and dangerous conditions.

300 people protest RI church burnings

300 people protest RI church burnings MANILA (AFP): Some 300 Filipinos rallied outside the Indonesian embassy here Wednesday to protest at mob violence against Christians and the ethnic Chinese minority in Indonesia.

No reshuffle planned, Habibie says

No reshuffle planned, Habibie says JAKARTA (JP): President B.J. Habibie has assured his 34-strong cabinet there would not be any reshuffle until a new government is formed next year, Minister of Information Lt. Gen. Muhammad Yunus said on Wednesday.

Public uptight on lack of security, says sociologist

Public uptight on lack of security, says sociologist JAKARTA (JP): Widespread insecurity fears are among the factors that contributed to recent riots, sociologist Selo Soemardjan said on Wednesday. This is in addition to groups taking advantage of public distrust of the government and the military.

Fund management firms loss assets

Fund management firms loss assets JAKARTA (JP): Many major fund management companies in Indonesia suffered substantial reductions in assets under their management due to the financial crisis, a senior official at a leading fund management company said.

Soeharto's son returns to Attorney General's Office

Soeharto's son returns to Attorney General's Office JAKARTA (JP): The youngest son of former president Soeharto, Hutomo "Tommy" Mandala Putra, reported to the Attorney General's Office on Wednesday for a third straight day of questioning in connection with a Rp 52.5 billion land scam.

End the violence

End the violence Though we hate to admit it, the events of the past few months are making it more and more difficult to dispel the notion that is prevalent among a growing number of observers here, that Indonesians, as a people, are prone to violence.