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 1,375 articles

Ministry weighs banking layoffs

Ministry weighs banking layoffs JAKARTA (JP): The Ministry of Manpower is considering potential dismissals in the banking sector as the government decides which banks will be liquidated.Ministry secretary-general Suwarto told a workshop here on migrant workers that the subject was discussed in a...

Telkom's increased rates

Telkom's increased ratesFrom MerdekaMany telephone subscribers have protested the new rates introduced by Telkom telephone company. Even House Of Representative members have joined in the protests. However, the Telkom board of directors remains intransigent in its shocking decision.

Banpu's RI coal worth $1.63b

Banpu's RI coal worth $1.63b BANGKOK (DPA): Thailand's Banpu company has confirmed that a recent discovery of coal reserves in Indonesia was worth an estimated US$1.63 billion at today's market price, news reports and company officials said Friday.

Risks loom for the brave foreign investors in Vietnam

Risks loom for the brave foreign investors in VietnamBy Dean Yates HANOI (Reuters): Few countries have disappointed foreign investors like Vietnam.To many businessmen, Vietnam has gone from being an El Dorado to an investment backwater in less than a decade despite the nation's industrious people...

Officials say palace phone system safe

Officials say palace phone system safe JAKARTA (JP): Merdeka Palace officials are vouching for the security of their telephone system and are confident a taped telephone conversation purportedly between President B.J. Habibie and Attorney General Andi M.

Custom break up 24 smuggling attempts this year

Custom break up 24 smuggling attempts this year TANGERANG (JP): Customs and excise officials at Soekarno-Hatta International Airport have foiled 24 smuggling attempts so far this year, an official said on Friday.

Tapioca plant in pollution hot water

Tapioca plant in pollution hot water BANDARLAMPUNG, Lampung: A tapioca factory has paid Rp 7 million compensation to local residents who charged it with environmental pollution and disrupting their livelihood in Central Lampung.

People sign on against violence

People sign on against violence YOGYAKARTA: Thousands of people have signed a 99-meter-long white cloth in protest at the violence occurring in the country.The peaceful protest, dubbed "A Million Signatures for Peace", was organized by the student executive council of Gadjah Mada University.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions* Painting Exhibition: by Lie Tjoen Tjay, Galeri Linggar, Jl. Kemang Timur No. 36, South Jakarta (Phone: 7990008), until Feb. 28. * Painting Exhibition: The Life is Short, the Art is Eternal, by Ahmad Sadali and Antok, at Anton's Gallery, Jl. Taman Pendidikan No.

Activist insists KPU members must be credible

Activist insists KPU members must be credible JAKARTA (JP): To save the General Election Committee (KPU) from skepticism, the government must appoint individuals who are credible and respected by the country as its representatives in the body, the Movement for National Justice and Unity (GKPB)...

Rupiah drifts lower on regional bearishness

Rupiah drifts lower on regional bearishness JAKARTA (JP): The rupiah drifted down on Friday to close at 8,850 against the U.S. dollar as the Japanese yen sank further ahead of a weekend meeting of the Group of Seven in Bonn, currency dealers said.

Golkar offers to assist E. Timor solution

Golkar offers to assist E. Timor solution JAKARTA (JP): Golkar's central board announced on Friday it would form a special team to support the choice of wide-ranging autonomy for troubled East Timor.In a statement issued here, the once dominant political grouping which has now officially...

Malnutrition hits C. Java infants

Malnutrition hits C. Java infants SEMARANG, Central Java: A survey conducted by the provincial health office here found 55 infants and toddlers in Central Java suffering from severe malnutrition.All aged under five years, the children live in 14 regencies in the province.

Tire shop, residence burgled in C. Jakarta

Tire shop, residence burgled in C. Jakarta JAKARTA (JP): A tire shop and a private residence where robbed early on Friday in Central Jakarta, with the burglars making away with goods worth tens of millions of rupiah.The first robbery occurred at PD Radial Ban, a tire shop on Jl. Gunung Sahari Raya.

SE Asian monies feel effects of yen

SE Asian monies feel effects of yen SINGAPORE (Dow Jones): Southeast Asian currencies started to slip in earnest against a surging U.S. dollar in late trading on Friday, playing catch-up to the yen's continued slide against the U.S. currency this week, traders and economists said.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 19, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,775.00 8,875.00 8,775.00 8,925.00Australian dollar 1 5,528.45 5,687.25 5,475.00 5,725.00Austrian schilling 1 710.10 725.15 - -Belgian franc 1 242.

Laid-off workers demand insurance payments

Laid-off workers demand insurance payments JAKARTA (JP): More than 500 garment workers rallied at state- owned social security firm PT Jamsostek on Wednesday to demand insurance payments more than three years after they were laid off when their company folded.

Phone tapping report leads to uproar

Phone tapping report leads to uproar JAKARTA (JP): An uproar has ensued following reports of the tapping of a purported telephone conversation between President B.J. Habibie and Attorney General Andi M. Ghalib as observers expressed concern over what they said was a crude political ploy.

Dollar episode

Dollar episode I decided to close my BALIDOLAR account with Bank Bali's Pondok Indah branch on Feb. 17, 1999. After the usual deductions, the final figure I was to be paid was US$190.57. The bank staff informed me that they were not in a position to pay me my due since they did not have dollar...

Are personal safety devices legal?

Are personal safety devices legal? My wife and I (both Australians) have been living in Indonesia for four years working on government infrastructure projects (railway projects for Perumka) based in Purwokerto in Central Java.

IFC will retructure loans to Hotel Santika Nusajaya

IFC will retructure loans to Hotel Santika Nusajaya JAKARTA (JP): The International Finance Corporation has agreed to restructure the debt of PT Hotel Santika Nusajaya, the property division of media giant Kompas Gramedia Group.

ABRI to probe phone tap scandal

ABRI to probe phone tap scandal JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto said the Armed Forces (ABRI) will immediately investigate the authenticity of the purported phone conversation between President B.J. Habibie and Attorney General Andi M. Ghalib.

Who are the true reformists?

Who are the true reformists?By Santi W.E. Soekanto JAKARTA (JP): Who are the true reformists in Indonesia? Finding an answer to this question is a near impossible feat, so it is best to learn the lesson that in politics, there is simply no permanent friend or foe.

Telephone tariff rates effective as of Feb. 1, 1999

Telephone tariff rates effective as of Feb. 1, 1999 No. Distance Hours Tariff Pulse------------------------------------------------------------1. Up to 20 km anytime Rp 180 180.00 sec2. 20 kms to 30 km anytime Rp 180 120.00 sec3. 30 kms to 200 km 6 a.m. to 7 a.m. Rp 180 17.50 sec 7 a.m. to 8 a.m.

Trial reveals abductor, activist were schoolmates

Trial reveals abductor, activist were schoolmates JAKARTA (JP): One of the 11 members of the Army's Special Force (Kopassus) charged in the abduction of nine activists revealed on Thursday he was a senior of one of the abductees when they studied at a Yogyakarta university.Capt.

Locusts attack East Sumba

Locusts attack East Sumba WAINGAPU, East Nusa Tenggara: The savanna and steppes of East Sumba have turned black and brown after "trillions" of locusts attacked corn and paddy crops in the regency, Antara reported on Thursday.Regent Lukas Mb.

House OKs antimonopoly and unfair competition bill

House OKs antimonopoly and unfair competition bill JAKARTA (JP): Individual companies holding more than 50 percent of the domestic market run the risk of maximum Rp 100 billion (US$11.76 million) fines and jail terms for executives under the antimonopoly law passed by the legislature on Thursday.

Independent groups, donors to monitor safety net funds

Independent groups, donors to monitor safety net funds JAKARTA (JP): Following protests over a lack of transparency and suspected corruption in the disbursement of the social safety net fund, the government on Thursday said independent parties and donors would be involved in monitoring the fund to...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 18, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,775.00 8,875.00 8,775.00 8,925.00Australian dollar 1 5,524.95 5,683.70 5,450.00 5,700.00Austrian schilling 1 713.61 728.70 - -Belgian franc 1 243.

Habibie's record

Habibie's record President B.J. Habibie is going for a record of sorts which the publisher of the Guinness Book of Records might want to consider for its next edition. His administration has drafted about 20 bills and asked the House of Representatives to deliberate and endorse them before the June...

'RCTI' postpones staff dismissals

'RCTI' postpones staff dismissals JAKARTA (JP): Privately owned television station RCTI decided to postpone planned dismissals following a meeting with employees on Wednesday.The station's public relations manager, Eduard Depari, said the dismissals were postponed until an agreement could be...

Loss of hope in Maluku?

Loss of hope in Maluku? The New Order regime has fallen, but its feet are still firmly on the ground. Proof of this is the fact that our security apparatus has been unable to overcome the unrest in Maluku.On the face of it, the Maluku conflict was sparked by religious factors.

Ernst & Young tie up with local firms

Ernst & Young tie up with local firms JAKARTA (JP): Ernst & Young of the United States has entered into an alliance with two local accounting firms, Hanadi Rahardja and Sarwoko & Sandjaja, to benefit from the country's growing need for consultancy services.

East Timor a test for Megawati

East Timor a test for MegawatiBy J. Leandro Elvas OPORTO, Portugal (JP): Since 1995, Indonesia's prodemocracy movement has stood firm in defending Megawati Soekarnoputri from Soeharto's attempts to boot her out of the political arena.

Govt dismisses rumors on drastic hike in exit tax

Govt dismisses rumors on drastic hike in exit tax JAKARTA (JP): Director General of Taxation Anshari Ritonga denied on Thursday rumors that the government would raise the amount of the exit tax in a bid to deter a massive exodus of people fearful of a chaotic general election in June.

Investors eye coal in Kutai

Investors eye coal in Kutai JAKARTA (JP): Several investors are asking the government to remove the status of nature preserve from Kutai National Park in Bontang, East Kalimantan, to allow them to explore its huge coal deposits, an official said on Thursday.

New book on rape cases

New book on rape cases BANDARLAMPUNG, Lampung: The Institute for Studies on Advocacy for Women and Children (ELSAPA) in Lampung, in cooperation with the Institute for Social and Economic Information, Education and Research (LP3ES), is preparing a special book on Human Rights and crimes of rape and...

'Aviation Week' report criticized

'Aviation Week' report criticized SINGAPORE (AP): Singapore Airlines said on Thursday that a recent article in Aviation Week reporting that pilot suicide was the only possible cause of a 1997 SilkAir crash is speculative and unhelpful.The article in the Feb.

Political parties told to keep women voters in mind

Political parties told to keep women voters in mind JAKARTA (JP): Education, health and employment-related issues concerning women should be put on political parties' platforms if they wish to win over the majority of voters.

Malaysia takes another step toward easing capital controls

Malaysia takes another step toward easing capital controls KUALA LUMPUR (Reuters): The Malaysian government on Thursday took another step toward easing capital controls by excluding foreign investments in property from a new system of levies on repatriated principal and profit.

RI's net forex reserves rise to $15.25b

RI's net forex reserves rise to $15.25b JAKARTA (JP): Indonesia's net international reserves (NIR) increased to US$15.25 billion as of Feb. 15 from $15.09 billion on Feb. 5, according to the central bank's latest weekly report.

Imported hormone-implanted cattle supplies quality meat

Imported hormone-implanted cattle supplies quality meatBy Mangku Sitepoe JAKARTA (JP): The government has recently decided to satisfy the rising demand for meat by importing meat and live cattle, which will, upon arrival here, be slaughtered.These live cattle, known as feeder cattle, are between 1.

Bank Putera needs Rp 40b

Bank Putera needs Rp 40b JAKARTA (JP): Foreign exchange Bank Putera needs some Rp 40 billion (about US$4.7 million) to lift its capital adequacy ratio (CAR) to the required 4 percent minimum level set by the government, bank president Masyhud Ali said on Thursday.He said the bank's CAR was minus 12.

Kiwi group to expand exports

Kiwi group to expand exports JAKARTA (JP): Footwear, health and baby care manufacturer Kiwi Brands Indonesia, a subsidiary of the American-based Sara Lee Corporation, announced a plan to export products to Australia and the Philippines on Wednesday.

Southeast Asian monies down

Southeast Asian monies down SINGAPORE (Dow Jones): Southeast Asian currencies have started the Year of the Rabbit on a weaker note on Thursday, after the U.S. dollar pushed dramatically higher against the yen in New York on Tuesday, when many regional markets were shut for Lunar new year...

SE Asian firms urged to merge

SE Asian firms urged to merge MANILA (Reuters): The Philippines on Thursday urged Southeast Asian companies to merge, become multinationals and exploit planned tariff cuts to grow in the own regional market.

Rupiah slides to 8,775 as local shares gain 1.4 percent

Rupiah slides to 8,775 as local shares gain 1.4 percent JAKARTA (JP): The local financial market closed mixed on Thursday, with the rupiah dipping further to 8,775 against the U.S. dollar while stock prices gained 1.4 percent.

Citibank to help kids return to school

Citibank to help kids return to school JAKARTA (JP): Citibank Indonesia marked on Thursday the start of its three-year education project to help dropouts return to school, an executive with the bank said.

Police shoot dead two street criminals

Police shoot dead two street criminals JAKARTA (JP): Intensified police measures to combat suspected criminals -- 12 hoodlums have been shot this year already -- has failed to curtail street criminal activity.

Philately expo to open

Philately expo to open SURABAYA: A national philately exhibition will be held here, March 4-8, with 160 philatelists from 20 provinces in Indonesia as well as from the Netherlands taking part.The latest exhibition was held in Ujungpandang, South Sulawesi with philatelists from 14 provinces taking...