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 1,482 articles

Gov't officials told to be more responsive

Gov't officials told to be more responsive BANDUNG (JP): Minister of Home Affairs Syarwan Hamid advised government officials yesterday to heed people's aspirations and work hard to win their trust, as hundreds of students protested nearby against the reappointment of the West Java governor.

Extraordinary session not to query Soeharto

Extraordinary session not to query Soeharto JAKARTA (JP): The People's Consultative Assembly (MPR) will hold an extraordinary session only to revoke decrees on elections, and not, as many have demanded, to question former president Soeharto over his leadership.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 8, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 500 0 0 AHAP Insurance 550 0 0 Alter Abadi 550 -25 941,000 Alumindo Light Metal 300 -100 89,500...

Analysts laud PLN for canceling deal

Analysts laud PLN for canceling deal JAKARTA (JP): State-owned electricity company PLN's move to unilaterally annul a power purchase contract with PT Cikarang Listrindo received backing from analysts yesterday, but there was silence from the power industry.

Business tycoons' role in reform

Business tycoons' role in reformFrom Pikiran RakyatIn these hectic days of reform trends, we have nearly forgotten the business tycoons. If we ponder on the two words reform and tycoons, they are very meaningful to the monetary and economic crisis.

Soeharto celebrates birthday with family

Soeharto celebrates birthday with family JAKARTA (JP): Former president Soeharto celebrated his 77th birthday yesterday with a cheerful, albeit simple ceremony attended by his six children and spouses, 12 grandchildren and great-grandchild at his residence on Jl. Cendana, Central Jakarta.

Asian palm oil market to stay uncertain this week

Asian palm oil market to stay uncertain this week KUALA LUMPUR (Reuters): Asian palm oil prices are likely to be influenced by currency movements, prospects of fresh exports and developments in the countries of major buyers, regional traders said.

Danone buys stake in RI firm

Danone buys stake in RI firm PARIS (Reuters): French food group Danone said yesterday that it had signed an agreement to buy a 40 percent stake in PT Tirta Investama, the holding company of Indonesia's Aqua Group.

State firms' performance poor in 1997, says Tanri

State firms' performance poor in 1997, says Tanri JAKARTA (JP): State Minister for the Empowerment of State Enterprises Tanri Abeng said yesterday that 160 state-owned companies booked a combined net profit of Rp 11.83 trillion (US$1.03 billion) last year, compared to Rp 12.70 trillion in 1996.

Administration to merge 200 elementary schools

Administration to merge 200 elementary schools JAKARTA (JP): The city administration will soon merge about 200 state elementary schools which have a scarcity of students, an official said yesterday.Deputy head of the city's teaching and education office, Gito Poernomo, said the decision to merge...

Habibie secures rights body's help

Habibie secures rights body's help JAKARTA (JP): President B.J. Habibie secured the assistance of the National Commission on Human Rights yesterday to help ensure credibility for his reform efforts by allowing them to form a special working group to monitor the implementation of reform programs.

Two resign to avoid corruption charges

Two resign to avoid corruption charges TANGERANG (JP): Two middle-ranking Tangerang Regency and Mayoralty officials submitted their resignations yesterday in a bid to avoid accusations of corruption.The two were identified as Agus Rachmat, the head of the regency's regional development board, and...

Tiananmen Square massacre, nine years on

Tiananmen Square massacre, nine years on The Jakarta Post's Asia Correspondent Harvey Stockwin reports on the latest and ninth anniversary of the Beijing Massacre on June 3, 4 and 5, 1989. There were predictable happenings within China -- and some unexpected ones.

A view on space science and how it operates

A view on space science and how it operatesBy Bambang Hidayat BANDUNG (JP): In the past three decades our consciousness about space and the earth as a habitable planet has been influenced by a new discipline which is called space science.

Two councilors urged to resign

Two councilors urged to resign JAKARTA (JP): A group of 50 members of the United Development Party (PPP) have asked the party's Jakarta chapter chairman Rusjdi Hamka and his brother Affif Hamka to leave their posts at the City Council.The group coordinator, Andy M.

'ANteve' offers Rp 1b in penalty contest

'ANteve' offers Rp 1b in penalty contest JAKARTA (JP): A penalty kick which hits the target will be worth Rp 1 billion (US$100,000) to the lucky shooter in a contest organized by private ANteve television station.

Avoiding semantic chaos

Avoiding semantic chaos Since president Soeharto's resignation last month, people have been noisily calling for an end to corruption, collusion and nepotism.People also discuss ways to avoid a recurrence of such illicit business practices and ridicule those they believe are at the root of the three...

Three political groups face internal dissent

Three political groups face internal dissent JAKARTA (JP): The three recognized political groupings -- Golkar, the United Development Party (PPP) and the Indonesian Democratic Party (PDI) -- which have monopolized the political scene for over 25 years, are facing growing internal dissent which is...

City urged to lower water tariffs

City urged to lower water tariffs JAKARTA (JP): Following widespread public complaints over the city's water tariff hike, city council speaker Edy Waluyo urged the administration yesterday to follow through with its promise to lower tap water prices soon.

Govt pressure Sutiyoso to settle Hotel Mulia case

Govt pressure Sutiyoso to settle Hotel Mulia case JAKARTA (JP): The government urged Governor Sutiyoso yesterday to insist that the owners of Hotel Mulia immediately pay their Rp 20.5 billion (US$1.7 million) fine for building the hotel two-and-a-half times higher than their permits allowed.

KL's leaders keep investors guessing

KL's leaders keep investors guessingBy Nelson Graves KUALA LUMPUR (Reuters): Will it be guerrilla warfare? Or the welcome mat?On the same day last week that Malaysia's prime minister predicted a "guerrilla war" against foreign capitalists, his second in command was appealing to overseas investors...

Over 150,000 flee abroad during riots: Ministry

Over 150,000 flee abroad during riots: Ministry JAKARTA (JP): More than 150,000 Indonesians and foreigners fled the country during last month's riots which led to the downfall of Soeharto, according to the Ministry of Justice.

Governor urged to return assets

Governor urged to return assets MATARAM, West Nusa Tenggara: The chief of the provincial prosecutor's office, R. Himawan, is calling on Governor Warsito to stop the sale of his official Volvo sedan and the provincial legislature's (DPRD) residence before the end of his term in August.

Two girls nabbed for iguana theft

Two girls nabbed for iguana theft JAKARTA (JP): Police have arrested two young girls, identified as Sarina and Ely Parninggolan Tampubolon, for allegedly trying to steal an iguana, a unique reptile usually kept as a pet.City Police spokesman Lt. Col. E.

Investors put Bintan development on hold

Investors put Bintan development on hold SINGAPORE (DPA): Plans for a large-scale Singapore-Indonesia resort complex on Indonesia's Bintan island are threatened by the region's disastrous financial crisis, a report said yesterday.

Toward a new and better Indonesia

Toward a new and better Indonesia The "time bomb" finally exploded and caused massive riots to erupt in Jakarta and other Indonesian cities.The mobs attacked, looted and set buildings on fire. Public facilities, banks, malls, shops and even homes were destroyed and looted.

Obstacles to reform

Obstacles to reformFrom KompasFather Mangunwijaya wrote again (May 22). He seemed to have lost his patience. I subscribe to his opinion that basically this nation has lost its system of values.The words of leadership figures cannot be trusted, their promises are liable to denial afterward and their...

Shoe firm workers strike in protest at intimidation

Shoe firm workers strike in protest at intimidation JAKARTA (JP): A South Korean shoe firm ground to an abrupt standstill yesterday when all 2,500 workers went on strike to protest alleged intimidation by two police officers hired by the company as executives.

Private sector owes $29b by April 1999

Private sector owes $29b by April 1999 JAKARTA (JP): Indonesia's private sector foreign debt due this fiscal year, including that owed by commercial banks, totals US$29.2 billion, Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said yesterday.

Import activities drop 80 percent: Ginsi

Import activities drop 80 percent: Ginsi JAKARTA (JP): The Indonesian Importers Association (Ginsi) said yesterday that import activities had dropped more than 80 percent over the last few months.Association chairman Amirudin Saud said the sharp drop in imports, which totaled US$41.

Rupiah slides against dollar as stock prices fall

Rupiah slides against dollar as stock prices fall JAKARTA (JP): The rupiah slid against the U.S. dollar again yesterday and stock prices on the Jakarta Stock Exchange (JSX) continued their decline in quiet trading amid fears of a worsening economic situation and lingering political tension.

Conference on global drug problem

Conference on global drug problem UNITED NATIONS (AP): Leaders of the world's major drug- producing and drug-consuming nations will open a three-day conference today to combat trafficking, curb demand and strengthen global cooperation in the fight against drugs.

Van der Horst to enter oil and gas sector

Van der Horst to enter oil and gas sector JAKARTA (JP): The publicly-listed flexible packaging manufacturer PT Van der Horst Indonesia (VDHI) plans to move into the Indonesian oil and gas sector through a joint venture operation, a top company official said.

Total reform can't come in half measures

Total reform can't come in half measuresBy Rahayu Ratnaningsih JAKARTA (JP): The nation has just witnessed a critical turning point with the downfall of Soeharto. While the throne has yet to cool, the arena he left behind has turned full circle.

S'pore medicine too costly for some

S'pore medicine too costly for some KUALA LUMPUR (AP): Cost-conscious residents of Singapore have been heading to neighboring Malaysia for cheaper medical treatment, a Malaysian newspaper reported yesterday.

S'pore pproperty mart default

S'pore pproperty mart default SINGAPORE (AP): The weak local property market has suffered its first big default, when a Singapore-Hong Kong joint venture missed a deadline to pay 68.6 million Singapore dollars (US$41 million) on a plot for condominium development.

Multipolar workers stage rally

Multipolar workers stage rally TANGERANG (JP): More than 1,200 employees of private retail company PT Multipolar Perkasa staged a protest in front of their head office in Karawaci over the weekend, demanding the company clarify their employment status.

Act of chivalry

Act of chivalry Megawati Soekarnoputri's call on all Indonesians to stop defiling fallen president Soeharto was an act of chivalry. Having endured the same agony of being publicly defiled when her father was ousted, she could indeed empathize with Soeharto's family.

Marcos accused of stealing

Marcos accused of stealing MANILA (DPA): Former Philippine first lady Imelda Marcos allegedly stole a Mother-Pearl icon and a frame containing her picture from a shrine in her eastern home province of Leyte, a report said yesterday.

Community newspapers help boost literacy

Community newspapers help boost literacyBy A Chaedar Alwasilah BANDUNG (JP): British sociologist Basil Bernstein (1958) introduced a theory of linguistic deficiency, hypothesizing that access to social privileges depends to a certain extent on one's linguistic ability to communicate.

PAL fires al striking pilots

PAL fires al striking pilots MANILA (AP): Philippine Airlines announced yesterday it was firing all striking pilots who had defied a return to work order, plunging the financially-troubled airline into one of its biggest labor crises.

Political doubt remains problem in capital mart

Political doubt remains problem in capital mart JAKARTA (JP): High interest rates and political uncertainty will continue to cast a shadow over the capital market in the immediate future, analysts have said.

Real bullet found exhumed body of Trisakti student

Real bullet found exhumed body of Trisakti student JAKARTA (JP): A real bullet was removed from the body of one of four Trisakti University students killed during a demonstration on May 12, a forensic expert said yesterday.

Sumatran rhinos becoming fewer

Sumatran rhinos becoming fewer KUALA LUMPUR (AP): Fewer than five endangered Sumatran rhinoceros have survived in a major wildlife habitat in West Malaysia, a local newspaper reported yesterday.A survey conducted by Malaysia's Department of Wildlife and National Parks indicated the number of...

Govt faces hurdles in distributing cooking oil

Govt faces hurdles in distributing cooking oil JAKARTA (JP): The government has admitted that obstacles in the cooking oil distribution chain are still hampering efforts to stabilize the price and ensure a constant supply of the essential commodity.

Human rights activist takes firm line on corruption

Human rights activist takes firm line on corruption It is no secret that corruption is a rampant practice in Indonesia, inflicting huge losses to the state. Last month, a number of people set up the Movement of Concerned Citizens on State Assets (Gempita) in their effort to save the misappropriated...

A blot on our record

A blot on our record It is easy to assert that the riots that swept through Jakarta from May 13 to May 15 were the most savage the Indonesian capital has seen in as long as most Jakartans can remember. Everybody witnessed or watched on TV some of the violence, looting and burning that killed more...

RI economy on treshhold of depression, Sumitro says

RI economy on treshhold of depression, Sumitro says JAKARTA (JP): Indonesia's economics guru Sumitro Djojohadikusumo is suggesting that the government use US$3 billion to $5 billion out of the IMF-arranged $43 billion bailout fund to recapitalize millions of small and medium-scale businesses that...

SE Asian growth sustainable only after fiscal reform

SE Asian growth sustainable only after fiscal reform SINGAPORE (AP): Sustainable growth could return to Southeast Asia in three to five years, but only after financial and banking reform, Singapore's Deputy Prime Minister Tony Tan said in remarks made available yesterday.

Hayono names three as possible Golkar head

Hayono names three as possible Golkar head JAKARTA (JP): Former minister of sports and youth affairs Hayono Isman has named former vice president Try Sutrisno, Yogyakarta's Sri Sultan Hamengkubuwono X and former minister of defense Edi Sudrajat as potential candidates to replace incumbent Harmoko...