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Thu, 10 Jun 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 9, 1999: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 450 0 204,500 AHAP Insurance 525 0 0 Alakasa Industrindo 275 0 0 Alter Abadi 325 0 366,000 Alumindo...
Thu, 10 Jun 1999
Rupiah, stock prices tumble on Golkar's strong showing
Rupiah, stock prices tumble on Golkar's strong showing JAKARTA (JP): The Indonesian rupiah and stock prices ended lower on Wednesday after rising astronomically the previous day, as the market got jittery from the strong showing of ruling Golkar party at the polls.
Thu, 10 Jun 1999
PASI eying six golds in 20th SEA Games
PASI eying six golds in 20th SEA Games JAKARTA (JP): The Indonesian Amateur Athletics Association (PASI) is eying a target for six golds in the 20th Southeast Asian (SEA) Games in Brunei in August.PASI technical committee deputy Pieter Noya said the country held good chances of winning six golds in...
Thu, 10 Jun 1999
Keep presidential term short
Keep presidential term short Indonesia possesses great potential with its natural and human resources. Its beauty attracts tourists who want to come and see all it has to offer. This has led Indonesia to be dependent on tourism as one of its financial strengths.
Thu, 10 Jun 1999
China refuses to be blown by the winds of change
China refuses to be blown by the winds of change This is the second of two articles on changes taking place in Indonesia, South Africa and China as reported by The Jakarta Post Asia correspondent Harvey Stockwin.
Thu, 10 Jun 1999
Final returns expected in one more week
Final returns expected in one more week JAKARTA (JP): Townspeople eager to know the final returns will be kept in suspense until June 17.Chief of the Jakarta Provincial Elections Committee Djafar Badjeber said on Wednesday the announcement date had been set by the General Elections Commission (KPU).
Thu, 10 Jun 1999
Where to go in Bali:
Where to go in Bali:Exhibition * Arts Exhibition: A Diversity in Art, by Art Teachers of Denpasar Art Academy and Udayana University, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until June 30.Music and Entertainment * Hard Rock Hotel, Jl.
Thu, 10 Jun 1999
Peaceful be my country
Peaceful be my countryFrom Rakyat MerdekaIndonesia is now entering a significant stage in its history. What has been done and what will be done will greatly affect the future of the country. The problems that have arisen are diverse, complicated and inter-related.
Thu, 10 Jun 1999
Five shot in Banyumas clash
Five shot in Banyumas clash BANYUMAS, Central Java: At least five people were shot when local police fired their guns to break up a clash between residents of two neighboring villages in Banyumas regency on Tuesday morning.Another resident was injured after being trampled by the brawling crowd.
Thu, 10 Jun 1999
Economy will grow if Indonesia names president quickly
Economy will grow if Indonesia names president quickly SINGAPORE (Dow Jones): The Indonesia economy could grow this year if, contrary to expectations, the country selects its next president quickly and returns to political stability, a top economist for the Pacific Economic Cooperation Council...
Thu, 10 Jun 1999
Money politics burdens democratization
Money politics burdens democratization Money Politics -- Pengaruh Uang Dalam Pemilu (Money Politics -- The Effects of Money in Elections); By Indra Ismawan; Media Pressindo, Yogyakarta, April 1999; iv and 82 pages YOGYAKARTA (JP): Money used as a means to gain political power is not a new practice.
Thu, 10 Jun 1999
Some areas demand that polls be repeated
Some areas demand that polls be repeated JAKARTA (JP): As provincial elections committees continued to tally the votes on Wednesday, reports of elections violations and demands to repeat the polls in certain areas continued to flow in from the provinces.
Thu, 10 Jun 1999
Unocal finds oil in Rapak
Unocal finds oil in Rapak JAKARTA (JP): State oil and gas company Pertamina announced on Wednesday that its American contractor, Unocal Indonesia, has discovered an oil reserve at its Rapak production sharing contract area in East Kalimantan.
Thu, 10 Jun 1999
Sri Lanka to quit INRO due to financial burden
Sri Lanka to quit INRO due to financial burden COLOMBO (Reuters): Sri Lanka wants to pull out of the International Natural Rubber Organization (INRO) because it can no longer afford membership, government and trade officials said on Wednesday.
Thu, 10 Jun 1999
Asian bond spreads tighten despite U.S. rate concern
Asian bond spreads tighten despite U.S. rate concern HONG KONG (Dow Jones): Recent rallies in regional stock markets helped Asian bonds temporarily overcome U.S. interest rate concerns to see a further tightening of spreads.
Thu, 10 Jun 1999
South Sumatra councilor and official detained for drugs
South Sumatra councilor and official detained for drugs JAKARTA (JP): The deputy speaker of South Sumatra's Musi Rawas Regency Legislative Council and an aide to the provincial governor were arrested on Tuesday night in a hotel room in West Jakarta for being under the influence of shabu-shabu...
Thu, 10 Jun 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on June 9, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,700.00 7,760.00 7,700.00 7,800.00Australian dollar 1 5,032.85 5,124.26 5,007.00 5,199.00Austrian schilling 1 581.95 591.54 - -Belgian franc 1 198.51 201.
Thu, 10 Jun 1999
Golkar gaining ground in areas outside Java
Golkar gaining ground in areas outside Java JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan) maintained on Wednesday its lead, but the vote counting result as of 11 p.m. showed Golkar was slowly gaining ground by leading in provinces outside Java.
Thu, 10 Jun 1999
Two soldiers, one civilian killed in Aceh
Two soldiers, one civilian killed in Aceh JAKARTA (JP): Three bodies, including those of two military personnel, were found at Teupin Batee village in Idie Rayeuk district, East Aceh, on Tuesday evening, a senior official said.Lilawangsa Military Commander Col.
Thu, 10 Jun 1999
The risk of short-term capital
The risk of short-term capitalBy Winarno Zain JAKARTA (JP): The rapid rise of the share price index of the Jakarta Stock Exchange (JSX) in the past several weeks was surprising indeed. After hitting 300 early this year, it bounced back to over 600 before declining.
Thu, 10 Jun 1999
PDI-P, PAN and PKB urged to coalesce
PDI-P, PAN and PKB urged to coalesce JAKARTA (JP): Noted Muslim intellectual Nurcholish Madjid called on the Indonesian Democratic Party of Struggle (PDI-P), the National Mandate Party (PAN) and the National Awakening Party (PKB) to form a coalition government to push for reform.
Thu, 10 Jun 1999
Forex reserves slide to $15.89 billion
Forex reserves slide to $15.89 billion JAKARTA (JP): Bank Indonesia said on Tuesday its net foreign exchange reserves decreased by US$35 million to $15.89 billion on June 4 compared to the previous week's level.
Thu, 10 Jun 1999
Asian economies to ride out external risks
Asian economies to ride out external risks HONG KONG (AFP): Asian economies are expected to overcome a possible U.S. interest-rate increase and a sluggish Japanese economy to maintain their recovery, according to a U.S. investment house.
Thu, 10 Jun 1999
Fatal shooting protested
Fatal shooting protested JAYAPURA, Irian Jaya: The city was tense on Wednesday as approximately 50 people held a sit-in strike in front of the provincial council office to protest Monday's fatal shooting of a Genyem resident at Gresi district here.
Thu, 10 Jun 1999
The relevance of peaceful elections
The relevance of peaceful elections The smooth general elections is a good beginning. The next step to take is to make sure that all parties accept the results in the spirit of good sportsmanship. A mature attitude, especially among our political leaders, will have a substantial effect on this...
Thu, 10 Jun 1999
Poll praise premature: Experts
Poll praise premature: Experts JAKARTA (JP): Foreign and local observers both voiced on Wednesday grave concern over the snail's pace of vote counting as an unofficial tally showed the ruling Golkar Party leaping into second place and opposition parties aired suspicion of foul play.
Thu, 10 Jun 1999
Protesting workers make 10-km march
Protesting workers make 10-km march TANGERANG (JP): Hundreds of workers of furniture manufacturer PT Arjuna Maha Sentosa protested on Wednesday by marching from the Tangerang office of the Ministry of Manpower to their company's factory on Jl. Kasir II in Gembor village, Jatiuwung.
Thu, 10 Jun 1999
Abduction claims from poll watcher
Abduction claims from poll watcher BANDARLAMPUNG, Lampung: A poll monitoring volunteer was abducted early Tuesday by four unidentified men who sought "cooperation" to beat main opposition parties, Antara reported on Wednesday.
Thu, 10 Jun 1999
Councilors banned from side jobs
Councilors banned from side jobs JAKARTA (JP): City Council Speaker Edy Waluyo said on Wednesday he notified Governor Sutiyoso in writing that councilors should not be assigned to additional duties."According to Article 42 of Law No. 16, councilors holding side jobs can face dismissal," Edy said.
Thu, 10 Jun 1999
Police advocate militia chiefs appointment
Police advocate militia chiefs appointment DILI, East Timor (JP): East Timor Police chief Col. G.M. Timbul Silaen defended on Wednesday the appointment of Eurico Guteres and Manuel Sousa, as leaders of civilian militia forces, locally known as Pam Swakarsa.
Thu, 10 Jun 1999
PLN denies giving contract to PT Enico
PLN denies giving contract to PT Enico JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) insisted on Wednesday that it would not compensate a local service company for the losses caused by the breach of a coal waste cleaning contract almost a decade ago.
Thu, 10 Jun 1999
Language and politics
Language and politics I refer to the article Government abolishes anti-Chinese rules (The Jakarta Post, May 8, 1999), which states that President B.J. Habibie has issued an instruction to lift an almost three-decade ban on the use and teaching of Mandarin and the discriminative citizenship...
Thu, 10 Jun 1999
Djajanti Group to build CPO refinery
Djajanti Group to build CPO refinery JAKARTA (JP): PT Varita Majutama, the plantation arm of Indonesian timber company Djajanti Group, announced on Wednesday it would build a US$7.5 million crude palm oil (CPO) processing plant to service its oil palm plantation in the Babo subdistrict of Irian...
Thu, 10 Jun 1999
KPU system held responsible for tardy vote count
KPU system held responsible for tardy vote count JAKARTA (JP): With no end in sight to the vote tally, telecommunications experts have blamed the system deployed by the General Elections Commission (KPU).
Thu, 10 Jun 1999
Overhaul needed
Overhaul needed If there is one thing that has almost managed to divert the attention of Indonesians amid the strains and expectations in the wake of Monday's general election, it is the corruption charges which the Indonesian Corruption Watch (ICW) leveled against Attorney General Andi Muhammad...
Thu, 10 Jun 1999
Mayora protesters driven away
Mayora protesters driven away JAKARTA (JP): After a six-day-long demonstration in front of cookie producer PT Mayora's head office on Jl. Raya Tomang, West Jakarta, hundreds of laid-off workers were removed by police on Wednesday without resistance.
Thu, 10 Jun 1999
Unocal funds water project
Unocal funds water project JAKARTA (JP): Geothermal power producer PT Unocal Geothermal Indonesia, a subsidiary of American energy company Unocal Corp. has built clean water facilities for the community living around its power plant in Salak, Sukabumi, West Java.
Thu, 10 Jun 1999
Anwar bids to strike out case
Anwar bids to strike out case KUALA LUMPUR (Reuters): Jailed former finance minister Anwar Ibrahim said on Wednesday that government prosecutors had used questionable tactics to try to convict him, and urged a judge to throw out a sodomy case he faces.
Thu, 10 Jun 1999
RP to renegotiate air pacts
RP to renegotiate air pacts MANILA (DPA): The Philippines plans to renegotiate air agreements with four Asian countries to ensure that Philippine Airlines (PAL) will not face unfair competition amid efforts to revive the flag carrier's operations, officials said Wednesday.
Thu, 10 Jun 1999
Poll monitoring body records 19,504 violations
Poll monitoring body records 19,504 violations JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) has discovered 19,504 violations during Monday's balloting across Indonesian provinces outside East Timor and Aceh, according to chairman Mulyana W. Kusumah on Wednesday.
Thu, 10 Jun 1999
Benchmark rate drops again
Benchmark rate drops again JAKARTA (JP): The benchmark interest rate on one-month Bank Indonesia promissory notes (SBI) fell to 23.48 percent at Wednesday's auction from 24.65 percent previously, the central bank announced.It noted the interest rate declined by 12.9 percent over the past two months.
Wed, 09 Jun 1999
PDI Perjuangan celebrates win
PDI Perjuangan celebrates win SURABAYA: Hundreds of Indonesian Democratic Party of Struggle (PDI Perjuangan) supporters rode their motorbikes in a deafening street rally on Tuesday to celebrate the party's victory in the elections for local legislature seats.
Wed, 09 Jun 1999
Rupiah's rally boost Asian monies
Rupiah's rally boost Asian monies HONG KONG (Dow Jones): A wave of post-election euphoria lifted the Indonesian rupiah Tuesday, buttressing positive sentiment toward other Asian currencies.As initial results indicated a strong showing by Megawati Soekarnoputri's PDI-P party and Gus Dur's PKB party...
Wed, 09 Jun 1999
ICW urges Habibie to fire Andi M. Ghalib
ICW urges Habibie to fire Andi M. Ghalib JAKARTA (JP): The Indonesian Corruption Watch (ICW) on Tuesday strongly recommended that President B.J. Habibie dismiss Attorney General Andi M. Ghalib from his post for allegedly receiving Rp 1.8 billion in his bank accounts from several parties.
Wed, 09 Jun 1999
Carter holds talks with Xanana
Carter holds talks with Xanana JAKARTA (JP): Former U.S. president Jimmy Carter held talks with East Timorese leader Jose Alexandre "Xanana" Gusmao at the latter's prison house here and expressed support for the territory's direct vote on autonomy in August.
Wed, 09 Jun 1999
No more lies
No more lies While Andi M. Ghalib and Gen. Wiranto drag their feet in the sand, a great tidal wave of democracy has reached Indonesia's shores and is about to engulf them and those like them who refuse to open their eyes and see the future.
Wed, 09 Jun 1999
A waste of time, energy and money
A waste of time, energy and moneyFrom Rakyat MerdekaI used to admire Minister of Justice Muladi but my admiration turned to bitter disappointment when I learned that he accompanied Attorney General Andi Ghalib to Switzerland, purportedly to trace Soeharto's alleged fortune.
Wed, 09 Jun 1999
Rupiah, stock prices surge, driven by investor confidence
Rupiah, stock prices surge, driven by investor confidence JAKARTA (JP): The Indonesian rupiah rose 5.6 percent, while the Jakarta Stock Exchange benchmark index touched the 700 point level on Tuesday after Monday's landmark general election.
Wed, 09 Jun 1999
Validity of KPU computerized results queried
Validity of KPU computerized results queried JAKARTA (JP): The Jakarta Provincial Elections Committee has questioned the validity of data used by the General Elections Commission (KPU) in its ballot tally for the House of Representatives.
Wed, 09 Jun 1999
Triumph for democracy?
Triumph for democracy? While we wait for more definitive results from the general election, we can congratulate ourselves for the peaceful and orderly manner in which we carried out the ballot and vote counting on Monday.