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Tue, 02 Mar 1999
Bank Bali faces lawsuit in loan repayment dispute
Bank Bali faces lawsuit in loan repayment dispute JAKARTA (JP): Lawyer Sudjono representing Bambang Sutrisno, a former shareholder of the now defunct Bank Surya, rejected as libelous a statement by Bank Bali that his client had moved most of his assets to Singapore.
Tue, 02 Mar 1999
Digging of steep slopes spells disaster for many
Digging of steep slopes spells disaster for manyBy Putu Wirata DENPASAR (JP): This year has seen two big landslides on the island of Bali which claimed many lives. In January, 40 farmers who were repairing irrigation canals in Timbul hamlet, Apuan village, Tegalalang district, were buried when a...
Tue, 02 Mar 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on March. 1, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,775.00 8,805.00 8,775.00 8,855.00 Australian dollar 1 5,382.15 5,475.00 5,375.00 5,650.00 Austrian schilling 1 698.03 708.39 - - Belgian franc 1 238.
Tue, 02 Mar 1999
Governor charged with corruption
Governor charged with corruption BANDUNG, West Java (JP): Around 100 members of the West Java branch of the Islamic Youth Movement (GPI) staged a protest here Monday, demanding investigation into the alleged embezzlement of billions of rupiah by Governor R. Nuriana.
Tue, 02 Mar 1999
Most Asian shares end in positive territory
Most Asian shares end in positive territory HONG KONG (AFP): Hong Kong shares rose above the key 10,000- point level on Monday as stock markets in Asia ended mixed.With Bangkok and Seoul shut for holidays, Hong Kong, Singapore, Sydney and Jakarta ended in positive territory.
Tue, 02 Mar 1999
Student demonstrators gag mouths in court
Student demonstrators gag mouths in court JAKARTA (JP): A group of 43 students on trial at the Central Jakarta District Court charged with conducting an illegal rally last week appeared on Monday with their mouths sealed with band- aids.
Tue, 02 Mar 1999
New Order culture
New Order cultureFrom MerdekaSeveral political figures, both reformists and quasi- reformists wanting to maintain the status quo, have spoken a lot about the criteria for the next president. Among the criteria: experience in the government and a university degree.
Tue, 02 Mar 1999
Legalized gambling vies for Singapore stakes
Legalized gambling vies for Singapore stakesBy Lee Chyen Yee SINGAPORE (Reuters): Gambling in Singapore will take one more step out of the seamy underground in April, as the island republic becomes the first country in Asia to legalize soccer betting.
Tue, 02 Mar 1999
Anwar Ibrahim's wife tests political waters
Anwar Ibrahim's wife tests political watersBy Nelson Graves KUALA LUMPUR (Reuters): She has a following and a cause, but there is no guarantee that Wan Azizah Wan Ismail will be the Cory Aquino of Malaysian politics.
Tue, 02 Mar 1999
ABRI establishes crack riot force
ABRI establishes crack riot force JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto launched on Monday a special highly-trained force for rapid deployment to quell riots occurring anywhere in the country.
Tue, 02 Mar 1999
Tax office on Net
Tax office on Net JAKARTA (JP): The Directorate General of Tax launched on Monday its homepage http://www.pajak.go.id in a bid to educate both local and foreign taxpayers about their obligations.Director General of Tax Anshari Ritonga said the Internet was an effective means to communicate the...
Tue, 02 Mar 1999
Bank cleanup in doubt
Bank cleanup in doubt Whatever the reason or objective in delaying the bank cleanup, and however strongly the move was endorsed by the World Bank and the International Monetary Fund (IMF), the decision does not bode well for the credibility of bank restructuring measures now being finalized.
Tue, 02 Mar 1999
Stock exchange
Stock exchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 1, 1999: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 350 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 0 Alumindo Light Metal 325 0 5,000 Alumindo Perkasa 125 0 0...
Tue, 02 Mar 1999
3,000 more recruited for civilian militia
3,000 more recruited for civilian militia JAKARTA (JP): The city military command started two weeks training for the second batch of the 3,000 recruits to the government-sponsored People's Security (Kamra) civilian militia on Monday.According to the command spokesman, Lt. Col. D.J.
Tue, 02 Mar 1999
ABB remains upbeat amid revenue drop
ABB remains upbeat amid revenue drop JAKARTA (JP): Power company Asea Brown Boveri AG (ABB) of Germany remains upbeat over its future business prospects in Indonesia although its revenue here decreased by half to US$228 million in 1998.
Tue, 02 Mar 1999
Solving ASEAN human rights issues
Solving ASEAN human rights issuesBy Dino Patti Djalal This is the second of two articles adapted from a paper presented on Intra-ASEAN Human Rights Policies and Mechanisms at the sixth ASEAN-ISIS (Association of Southeast Asian Nations- Institute of Strategic and International Studies) Colloquium...
Tue, 02 Mar 1999
Thai backing for informal EU talks
Thai backing for informal EU talks BANGKOK (DPA): Thailand has proposed an informal meeting between Southeast Asian and European Union ministers at the Asia- Europe Economic Summit (ASEM) in Berlin this month as a means of getting around the Myanmar issue, a news report said on Monday.
Tue, 02 Mar 1999
Police shot dead one and arrest three criminals
Police shot dead one and arrest three criminals JAKARTA (JP): Police shot dead one man and arrested three others during a routine police operation against sharp weapons and drugs early Monday, an officer said.It is believed the four were members of a vehicle theft gang.
Tue, 02 Mar 1999
Mining seminar in Balikpapan
Mining seminar in Balikpapan JAKARTA (JP): The Australian Trade Commission (Austrade) will hold a mining seminar and exhibition in the East Kalimantan capital of Balikpapan on March 29."Balikpapan is a major regional center for the Indonesian resources industry.
Tue, 02 Mar 1999
City Hall's debts to PT Telkom Rp 3.84b
City Hall's debts to PT Telkom Rp 3.84b JAKARTA (JP): The city administration's outstanding debt to state-owned telecommunications operator PT Telkom amounted to Rp 3.84 billion over the last two years, Guntur Siregar, head of the firm's Jakarta office said on Monday.Guntur said that Rp 2.
Tue, 02 Mar 1999
Tiara, Danamon rights issue
Tiara, Danamon rights issue JAKARTA (JP): Bank Danamon and Bank Tiara Asia, both under the supervision of the Indonesian Bank Restructuring Agency, said on Monday they would issue rights shares to raise funds for recapitalization.
Tue, 02 Mar 1999
Paramedic team cancels Ambon trip
Paramedic team cancels Ambon trip UJUNGPANDANG, South Sulawesi (JP): Dozens of paramedics have canceled a planned trip to the riot-torn Maluku capital of Ambon due to continued clashes, which have so far killed at least 16 people, an official said.
Tue, 02 Mar 1999
Habibie appeals for help from Germany
Habibie appeals for help from Germany JAKARTA (JP): President B.J. Habibie called on Germany, a country he has had a 19-year affiliation with, to help Indonesia weather the 18-month economic crisis through intensified investment and trade.
Tue, 02 Mar 1999
Some 60 parties expected in June poll
Some 60 parties expected in June poll JAKARTA (JP): The independent Team of Eleven revealed on Monday only around 60 of the 104 political parties it was examining were expected to pass screening to contest the June 7 general election.Mulyana W.
Tue, 02 Mar 1999
Can bank liquidations help restore RI economy?
Can bank liquidations help restore RI economy? The sudden two-week postponement of the government's plan to close down ailing banks caught many by surprise. Economist Kwik Kian Gie doubts whether the closure of the banks, if carried out, will help restore the deteriorating economy.
Tue, 02 Mar 1999
Finance minister defends bill on fiscal balance
Finance minister defends bill on fiscal balance JAKARTA (JP): Finance minister Bambang Subianto turned down on Monday legislators' demands to include a clear-cut revenue sharing formula in the proposed law on striking fiscal balance between the central government and local administrations.
Tue, 02 Mar 1999
Tapping case reveals rifts in political elite: Amien
Tapping case reveals rifts in political elite: Amien JAKARTA (JP): The case of the tapping of the purported telephone conversation between President B.J. Habibie and Attorney General A.M. Ghalib indicated differences among the political elite clinging to the status quo, a leading politician has...
Tue, 02 Mar 1999
Australian firms keep faith in Indonesia: Minister
Australian firms keep faith in Indonesia: Minister JAKARTA (JP): Australian businesses, particularly in the mining and energy sector, are maintaining their presence in crisis-plagued Indonesia and showing a strong commitment to their ventures, a visiting Australian minister said on Monday.
Tue, 02 Mar 1999
Jakarta short of money to buy more fire engines
Jakarta short of money to buy more fire engines JAKARTA (JP): The city is short of firefighting equipment, but the administration said on Monday it will not allocate any money to buy new equipment for the next two years.
Tue, 02 Mar 1999
Course on Islam for students
Course on Islam for students JAKARTA (JP): The Indonesian Muslim Students' Committee is holding a short-term course on Islam for senior high school students throughout the capital in Saguling, Cianjur, West Java from Feb. 28 to March 6.
Tue, 02 Mar 1999
Asian currencies gain as yen shows signs of life
Asian currencies gain as yen shows signs of life SINGAPORE (Dow Jones): Southeast Asian currencies were generally stronger against the U.S. dollar in thin trading late on Monday, after the yen regained its footing early in the session, traders said.
Tue, 02 Mar 1999
DaimlerChrysler ups stake in Indonesian venture
DaimlerChrysler ups stake in Indonesian venture JAKARTA (JP): DaimlerChrysler, producer of Mercedes Benz cars, has injected US$45 million in fresh funds into its local partner, PT Mercedes-Benz Indonesia, to boost its operations in the country.
Tue, 02 Mar 1999
CRP approves community development
CRP approves community development JAKARTA (JP): The Community Recovery Program (CRP), a non- governmental organization entrusted with the distribution of a safety net fund provided by foreign donors, has approved 136 community development projects worth Rp 15 billion in 19 provinces, chairman Emil...
Tue, 02 Mar 1999
All Alatas' work for nothing?
All Alatas' work for nothing?From MerdekaForeign Minister Ali Alatas has borne the hopes of many people. He is a seasoned diplomat who can be quite impressive at high-level international discussions. He is a sophisticated lobbyist, an expert negotiator, an astute debater and is firm with foreign...
Tue, 02 Mar 1999
Texmaco goes to Nasdaq
Texmaco goes to Nasdaq JAKARTA (JP): The Texmaco Group, the country's largest textilemaker, said it would float some of its subsidiaries on the Nasdaq to protect them from funds looking for troubled firms to buy on the cheap.
Tue, 02 Mar 1999
Marcoses not off hook yet
Marcoses not off hook yet MANILA (AFP): Philippine President Joseph Estrada said on Monday a US$150 million deal involving Ferdinand Marcos' allegedly ill-gotten wealth did not exonerate the late dictator or his family from charges of human rights abuse.
Tue, 02 Mar 1999
Power outage keeps Madura in the dark
Power outage keeps Madura in the darkBy Ainur R. Sophiaan PAMEKASAN, East Java (JP): The island of Madura entered on Monday its 11th day without electricity following damage to the main underwater power cables connecting the island with Gresik in Java.
Tue, 02 Mar 1999
UNDP to assist three poll watch networks
UNDP to assist three poll watch networks JAKARTA (JP): The United Nations Development Program (UNDP) is to focus its assistance on three poll monitoring networks considered among the most prepared in their programs.
Tue, 02 Mar 1999
Govt disburses Rp 4t in subsidized loans
Govt disburses Rp 4t in subsidized loans JAKARTA (JP): The government has so far disbursed over Rp 4 trillion (US$470.59 million) of the Rp 10.8 trillion in heavily subsidized loans allocated to help small and medium-scale companies survive the economic crisis, Minister of Cooperatives and Small...
Tue, 02 Mar 1999
Pelti to select top players for SEA Games
Pelti to select top players for SEA Games JAKARTA (JP): Members of the national men's Davis Cup and women's Fed Cup teams will go through a selection process in May to compete in the 20th Southeast Asian (SEA) Games in August in Bandar Seri Begawan.
Tue, 02 Mar 1999
Developers get ultimatum
Developers get ultimatum TANGERANG (JP): Tangerang Regent Agus Djunara has warned five major real estate developers here to pay overdue property taxes totaling Rp 5.8 billion or face confiscation of their land.Djunaidi Abham of the Tangerang property tax office said Rp 2.
Tue, 02 Mar 1999
Rote blamed for poor students
Rote blamed for poor students DENPASAR: About half of all fourth-year elementary school students in several provinces cannot write stories, a World Bank consultant said.Antara reported that Stuart Weston was referring Monday to fourth-year students in six provinces under the Primary Education...
Tue, 02 Mar 1999
Govt sets new CPO prices
Govt sets new CPO prices JAKARTA (JP): The Ministry of Industry and Trade announced on Monday the new reference prices used to calculate the payment of export taxes on crude palm oil (CPO) and its by-products.The new reference price of CPO was set at US$430 per metric ton, a drop from $535.
Tue, 02 Mar 1999
Malaysia's ex-police chief torn from Anwar's cell
Malaysia's ex-police chief torn from Anwar's cell KUALA LUMPUR (Reuters): Malaysia's former police chief had to be torn away from sacked finance minister Anwar Ibrahim as he assaulted the former cabinet minister in detention, senior police officers said on Monday.
Tue, 02 Mar 1999
Young executive turned hermit
Young executive turned hermit A young man, Frans Amin (not his real name) was fortunate enough to get a higher education in West Germany. He returned to Indonesia two years ago when jobs became scarce in Germany, especially after East Germany was united with West Germany.
Mon, 01 Mar 1999
German-Indonesian business, industry ties
German-Indonesian business, industry ties BONN (JP): German business and industry interests in Indonesia as an economic partner have not been diminished by an ongoing financial and monetary crisis there and they continue to regard the nation as an important trading partner and location for German...
Mon, 01 Mar 1999
Stop condemning ABRI, PPP pleads
Stop condemning ABRI, PPP pleads JAKARTA (JP): The United Development Party (PPP) -- whose recent opposition to the allocation of unelected seats in the House of Representatives for the military was thwarted by Golkar and the Armed Forces' (ABRI) House factions -- called for an end to the...
Mon, 01 Mar 1999
Hang up on the phone tap probe
Hang up on the phone tap probeFrom MerdekaThe alleged tapping of a telephone conversation between President B.J. Habibie and Attorney General Andi M. Ghalib during the country's protracted crisis has drawn a lot of attention.
Mon, 01 Mar 1999
GSM-XL's new SIM card
GSM-XL's new SIM card JAKARTA (JP): Cellular phone operator PT Excelcomindo Pratama, the operator of GSM-XL, has launched its Periskop XL, a subscribers identity module (SIM) card designed for both prepaid and postpaid cards.
Mon, 01 Mar 1999
Solving ASEAN human rights issues
Solving ASEAN human rights issuesBy Dino Patti Djalal The following article is adapted from a paper presented on Intra-ASEAN Human Rights Policies and Mechanisms at the sixth Association of Southeast Asian Nations-Institute of Strategic and International Studies (ASEAN-ISIS) Colloquium on Human...