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Sat, 03 Apr 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 1 , 1999: Shares Close Change Trading Volume ----------------------------------------------------- Ades Alfindo 350 125 39,500 AHAP Insurance 400 0 0 Alakasa Industrindo 75 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 350...
Sat, 03 Apr 1999
No imminent change in CPO export tax
No imminent change in CPO export tax JAKARTA (JP): The government has no immediate plan to reduce export taxes on crude palm oil (CPO) and its derivatives despite a drop in international prices.Minister of Industry and Trade Rahardi Ramelan said on Thursday the 40 percent export taxes on palm oil...
Sat, 03 Apr 1999
Foreign investment handling
Foreign investment handling It is good news to hear that the Investment Coordinating Board intends to simplify licensing process for foreign investment. But it would be better if other units, such as the tax department, immigration office and labor department can work hand-in-hand with the board.
Sat, 03 Apr 1999
RI, Vietnam sign trade deal
RI, Vietnam sign trade deal HANOI (AFP): Vietnam and Indonesia on Thursday signed a memorandum of understanding on counter trade, the Indonesian embassy said.The agreement was proposed to boost bilateral trade between the two cash-strapped countries, an Indonesian diplomat said.
Sat, 03 Apr 1999
Y2K compliance
Y2K compliance Bank Central Asia (BCA) is Y2K compliant. This means that BCA has upgraded its computer system so that it is ready to face 2000. BCA customers can feel safe depositing their money in BCA without fear of losing their savings, time deposits or any other accounts.
Sat, 03 Apr 1999
Top director enriches Indonesians with Dutch films
Top director enriches Indonesians with Dutch filmsBy Gotot Prakosa JAKARTA (JP): Hes, a 40-year-old social worker at a state office, is a man who is indifferent to his surroundings. A witness of annoying bureaucratic attitude in the workplace, he has turned into a very cynical man.
Sat, 03 Apr 1999
Japanese contractor linked to kickbacks here: Report
Japanese contractor linked to kickbacks here: Report TOKYO (Agencies): A Japanese contractor allegedly paid at least 40 million (US$340,000) in kickbacks to cronies of former Indonesian president Soeharto and related ministries to get a railway contract, a report said Thursday.Tekken Corp.
Sat, 03 Apr 1999
Acer expands in RI
Acer expands in RI JAKARTA (JP): Taiwanese computer manufacturer Acer Computer International Ltd, said on Thursday it would open several new branch offices in Surabaya, Bandung, Yogyakarta, Semarang, Medan and Ujungpandang.
Sat, 03 Apr 1999
PMI gets help from UN body
PMI gets help from UN body JAKARTA: The United Nations World Food Program has agreed to provide 10,760 tons of rice to support a relief program organized by the Indonesian Red Cross (PMI).PMI secretary-general Soesanto Mangoensadjito said on Thursday the rice would be distributed to 645,000 poor...
Sat, 03 Apr 1999
Japan works to revive its economy
Japan works to revive its economyBy Christopher Lingle DENPASAR, Bali (JP): Japan's latest legislative package, which was passed in March, provides some promise to revive the country's stagnating economy.
Sat, 03 Apr 1999
Japanese cultural expo at Summitmas
Japanese cultural expo at Summitmas JAKARTA (JP): In an effort to promote Japanese culture in Indonesia, the Japan Foundation will hold a two-day exhibition on Japanese culture and language beginning next Friday.
Sat, 03 Apr 1999
Thieves burned to death in Bekasi
Thieves burned to death in Bekasi JAKARTA (JP): Upset by a series of thefts in their neighborhood over the past few weeks, Bekasi residents of the Bintara Jaya housing complex burned two suspected thieves to death on Thursday.
Sat, 03 Apr 1999
President may allow ministers to campaign
President may allow ministers to campaign JAKARTA (JP): President B. J. Habibie will most likely allow Cabinet ministers to join election campaigns under certain conditions, State Secretary/Minister Akbar Tandjung, who is also the chairman of Golkar party, hinted on Thursday.
Sat, 03 Apr 1999
GRL's drilling result in Jambi
GRL's drilling result in Jambi DENVER (Dow Jones): Gulf Indonesia Resources Ltd. (GRL) said it has received positive results from a natural gas delineation well drilled in the South Jambi B Production Sharing Contract, or PSC, area in South Sumatra, Indonesia.
Sat, 03 Apr 1999
Eleven killed in Tual as Maluku clashes resume
Eleven killed in Tual as Maluku clashes resume JAKARTA (JP): Religious clashes in the Southeast Maluku town of Tual have claimed at least 11 lives and injured 50, police and hospital sources said Friday.
Sat, 03 Apr 1999
IBRA seizes Rp100t in bad bank assets
IBRA seizes Rp100t in bad bank assets JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) took over Rp 100 trillion (US$11.5 billion) in nonperforming loans from the seven state banks."The bad loans belong to some 1,200 debtors at Bank Bumi Daya, Bank Dagang Negara, Bank Pembangunan...
Sat, 03 Apr 1999
RI falls behind RP 0-2 in Davis Cup openers
RI falls behind RP 0-2 in Davis Cup openers JAKARTA (JP): Host Indonesia was left with an uphill battle after it lost both matches on the first day of the second round Davis Cup Group II Asia Oceania zone on Friday.
Sat, 03 Apr 1999
Buddhists offer four days of free medical services
Buddhists offer four days of free medical services JAKARTA (JP): The Indonesian Buddhists Organization (Walubi), Tzu Chi International Buddhist organization and Jakarta Military personnel held a four-day free medical service for 9,481 people in Tangerang recently, a Walubi executive said on...
Sat, 03 Apr 1999
Oil, gas bill will slash govt revenue: Pertamina
Oil, gas bill will slash govt revenue: Pertamina JAKARTA (JP): State oil and gas company Pertamina warned on Thursday that the government-proposed oil and gas bill currently being debated by the House of Representatives, if passed, would potentially reduce the government's revenue from the oil and...
Sat, 03 Apr 1999
BP Amoco eyes ownership of Chandra Asri
BP Amoco eyes ownership of Chandra Asri JAKARTA (JP): British Petroleum Amoco Chemicals (BP Amoco), one of the world's biggest petrochemical companies, has shown an interest in entering debt-ridden PT Chandra Asri Petrochemical Center, Minister of Industry and Trade Rahardi Ramelan said on Thursday.
Sat, 03 Apr 1999
Train accidents kill 10 soccer fans
Train accidents kill 10 soccer fans JAKARTA (JP): Nine PSIS Semarang fans died after being crushed by a train and another was electrocuted on a train roof in accidents in South and East Jakarta on Thursday, only hours before their team took the field, witnesses and hospitals reported.
Sat, 03 Apr 1999
Standard & Poor's waffling on RI rating irks the market
Standard & Poor's waffling on RI rating irks the market HONG KONG (Dow Jones): A rapid about-face by Standard & Poor's on Indonesia this week gave the Asian debt market ratings whiplash, prompting participants to once again pile criticism on the agency.
Sat, 03 Apr 1999
Police reforms should begin in earnest now: Retired generals
Police reforms should begin in earnest now: Retired generals JAKARTA (JP): Following the formal separation of police from the Armed Forces, former senior police officers said the work was only just beginning to gain true independence for the police and reeducate the force's personnel.Gen.
Sat, 03 Apr 1999
PSIS sets up final showdown with Persebaya
PSIS sets up final showdown with Persebaya JAKARTA (JP): Dark horse PSIS Semarang turned the tables on Persija Jakarta in its semifinal on Thursday to set up a final showdown with defending champion Persebaya Surabaya in the fifth Indonesian Soccer League (Ligina) playoffs at Senayan soccer stadium.
Sat, 03 Apr 1999
Troop behaviour condemned
Troop behaviour condemned JAKARTA (JP): The Jakarta Legal Aid Institute has condemned the violent actions of Armed Forces (ABRI) members against the Trisakti University students during their street rally on Wednesday in front of the Ministry of Defense and Security in Central Jakarta.
Sat, 03 Apr 1999
Former military commander dies
Former military commander dies JAKARTA (JP): Former Siliwangi military commander Lt. Gen. (ret) Ibrahim Adjie died at age 77 on Friday morning in Singapore, Antara news agency reported on Friday.The agency said he died at his apartment in the company of his wife and a physician.
Sat, 03 Apr 1999
Aussies charge RI of dumping
Aussies charge RI of dumping MELBOURNE (AP): Australia's industry and union leaders said Thursday the country's paper industry is at risk of being swamped by an Indonesian manufacturer with huge stockpiles and a reputation for dumping on overseas markets.
Sat, 03 Apr 1999
SE Asian monies gain as dollar falls against yen
SE Asian monies gain as dollar falls against yen SINGAPORE (Dow Jones): Southeast Asian currencies ended Asian trading stronger against the U.S. dollar Thursday, following the U.S. currency's tumble against the yen during European trading hours Wednesday.North Asian currencies strengthened too.
Sat, 03 Apr 1999
Sheraton guests aid children
Sheraton guests aid children JAKARTA (JP): International hotel chain Sheraton Hotels & Resorts announced on Thursday that its two properties in Bali, the Sheraton Laguna Nusa Dua and the Sheraton Nusa Indah Resorts, had raised about US$50,000 in donations for Unicef since 1996.
Sat, 03 Apr 1999
Soccer hooliganism in a time of crisis
Soccer hooliganism in a time of crisis Almost every time a soccer match is held, riots break out as a result of the behavior of supporters. This has reached such a degree that soccer is often seen as a "dangerous" sport. At the same time, however, it is also the most popular.
Sat, 03 Apr 1999
Accreditation body for poll watchers formed
Accreditation body for poll watchers formed JAKARTA (JP): The General Elections Commission (KPU) formed on Thursday a committee to accredit foreign and domestic poll observers, KPU chairman Rudini said."We welcome all poll watchers to observe the poll...
Sat, 03 Apr 1999
Humpuss Group refuses to leave disputed buildings
Humpuss Group refuses to leave disputed buildings JAKARTA (JP): The widely diversified Humpuss Group has decided to remain in its two multistory buildings on Jl. Medan Merdeka Timur in Central Jakarta.The two buildings were sealed off by the local authorities last week for violating building usage...
Sat, 03 Apr 1999
Antigraft bill submitted
Antigraft bill submitted JAKARTA (JP): Despite its foot-dragging probe into a number of alleged corruption cases involving former president Soeharto, his family and his cronies, the government submitted a bill on Thursday to amend an anticorruption law to the House of Representatives.
Sat, 03 Apr 1999
Govt bans 172 bankers from traveling
Govt bans 172 bankers from traveling JAKARTA (JP): The government issued travel bans on 172 bankers on Thursday, almost three weeks after the closure of 38 ailing banks.Director General of Immigration Muhammad Mudakir said on Thursday the ban was imposed at the request of Minister of Finance...
Sat, 03 Apr 1999
RI researchers, students to Japan
RI researchers, students to Japan JAKARTA: A total of 104 Indonesian scholars departed for Japan on Thursday to continue their studies and research in various fields.The Information and Cultural Office at the Japanese Embassy here said in a release that 68 of the scholars, mostly researchers, were...
Sat, 03 Apr 1999
Tangerang tax office exceeds target
Tangerang tax office exceeds target TANGERANG (JP): The Tangerang Revenue Office collected Rp 28.3 billion (US$3.3 million) in taxes and levies in the 1998/1999 fiscal year, exceeding it target by more than Rp 300 million, an official said on Friday.
Sat, 03 Apr 1999
Matahari suffers loss despite sales hike
Matahari suffers loss despite sales hike JAKARTA (JP): Retail chain PT Matahari Putra Prima booked a slight increase in sales and a stronger gross margin performance in 1998, but a huge foreign exchange loss put the company deeper into the red.
Sat, 03 Apr 1999
Ita murder trial opens in Central Jakarta
Ita murder trial opens in Central Jakarta JAKARTA (JP): Opening statements were heard on Thursday at the Central Jakarta District Court in the trial of a 23-year-old man accused of killing a high school teenager in a highly publicized case last year.
Sat, 03 Apr 1999
Bankruptcy claim on Semen Cibinong denied
Bankruptcy claim on Semen Cibinong denied JAKARTA (JP): The Jakarta Commercial Court turned down a bankruptcy claim on Thursday filed by Bank Papan Sejahtera against PT Semen Cibinong and holding company PT Tirtamas Majutama due to an invalid letter of attorney.
Sat, 03 Apr 1999
Reputed lawyer needed
Reputed lawyer needed On top of the terrible hardship which is afflicting the vast majority of this country's 210 million inhabitants -- the "fat cats" in their Mercedes, BMWs and Volvos are not suffering too greatly, nor, it would seem, are they making many sacrifices to help their less fortunate...
Sat, 03 Apr 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on April 1, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,650.00 8,750.00 8,650.00 8,790.00Australian dollar 1 5,460.15 5,566.00 5,435.00 5,516.00Austrian schilling 1 673.35 686.16 - -Belgian franc 1 229.
Sat, 03 Apr 1999
IMF's aggressiveness
IMF's aggressiveness I was surprised that the IMF really proposed more money for Indonesia, revised letters of intent and was optimistic on the IMF program.A simple question crossed my mind: Can Indonesia afford to pay back the loan, when and by whom? As a taxpayer, I never feel the benefit of IMF...
Sat, 03 Apr 1999
PM files defense to Anwar's suit
PM files defense to Anwar's suit KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad filed a statement of defense in response to a 100 million ringgit (US$26 million) defamation suit brought by his former deputy, the Bernama news agency said on Friday.
Sat, 03 Apr 1999
Police will take two years to 'become independent'
Police will take two years to 'become independent' JAKARTA (JP): Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto announced on Thursday that the police will have a two-year transition period to severe links from the military and develop into an independent force.
Sat, 03 Apr 1999
World wants fair elections: Carter
World wants fair elections: Carter JAKARTA (JP): Former United States president Jimmy Carter said a free and fair general election would encourage peace and economic recovery in Indonesia.In a brief statement following his 90-minute meeting with President B.J.
Thu, 01 Apr 1999
Singapore's top general meets Habibie
Singapore's top general meets Habibie JAKARTA (JP): Regular joint military exercises between Indonesian and Singapore will continue as scheduled despite economic difficulties faced by the two countries, Singaporean armed forces chief Lt. Gen. Bey Soo Chiang said on Wednesday.
Thu, 01 Apr 1999
More people die from diarrhea
More people die from diarrhea KUPANG, East Nusa Tenggara: Six more people have died of diarrhea-related conditions in remote villages affected by flooding in the province, bringing the death toll to 16 since contaminated water supplies became prevalent early this month.
Thu, 01 Apr 1999
Govt to scrap draconian subversion law
Govt to scrap draconian subversion law JAKARTA (JP): The government moved on Wednesday to discard the infamous 1963 Subversion Law, but proposed its replacement with inclusion of six new articles on "crimes against the state" in the Criminal Code.
Thu, 01 Apr 1999
Basic education for children
Basic education for children I arrived at a big television station in Jakarta holding a copy of a videotape, which contains a documentary showing the results of the implementation of basic education in Brazil.
Thu, 01 Apr 1999
Scholarships for Bandung students
Scholarships for Bandung students BANDUNG: Telecommunications company PT Nynex Indonesia has awarded US$25,000 in scholarships to Bandung Institute of Technology and the Institute of Telecommunications Technology.