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Thu, 22 Jul 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 21, 1999: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 500 0 65,500 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 5,000 Alter Abadi 400 0 12,500 Alumindo...
Thu, 22 Jul 1999
Skeletons found at Pongkor mine
Skeletons found at Pongkor mine BOGOR (JP): Dozens of skeletons believed to be of illegal gold miners were found buried at Pongkor gold mine recently by miners from state-owned general mining company PT Aneka Tambang, a company official said on Wednesday.
Thu, 22 Jul 1999
Megawati is the cure needed
Megawati is the cure needed As a regular reader of The Jakarta Post (when I am in Indonesia) I was painfully struck by the letter that Willem Oltmans wrote (July 10, 1999).Working and traveling in Indonesia I have come to love it and its future is a thing I dream about and want to help make come...
Thu, 22 Jul 1999
Cak Kandar, the father of feather art
Cak Kandar, the father of feather artBy Ingrid Maack JAKARTA (JP): Seni lukis bulu (feather art) is being touted as an emerging Indonesian art form, as the celebrated father of feathers, Cak Kandar, passes onto his students his passion for natural materials.
Thu, 22 Jul 1999
Dayaks want governor out
Dayaks want governor out PALANGKA RAYA, Central Kalimantan: Dayak tribal leaders said on Wednesday they wanted outgoing Central Kalimantan Governor Warsito Rasman to leave the province as soon as possible, saying his five-year term was more than enough and his presence was no longer needed in the...
Thu, 22 Jul 1999
One student dies in street brawl
One student dies in street brawl JAKARTA (JP): A brawl between the students of two high schools on Jl. Matraman in East Jakarta claimed one life on Wednesday, a local police officer said.The victim, a year one student, was slashed three times while trying to escape the afternoon brawl, in which the...
Thu, 22 Jul 1999
Do not politicize religion
Do not politicize religionFrom Rakyat MerdekaPolitical observer Arbi Sanit has said that Habibie and his associates will, by hook or by crook, resort to money politics and the politicizing of religion to maintain the pro-status-quo regime.
Thu, 22 Jul 1999
BI sees benchmark interest rate in double digit at year-end
BI sees benchmark interest rate in double digit at year-end JAKARTA (JP): Bank Indonesia deputy governor Miranda Goeltom said on Wednesday that the central bank's benchmark interest rate might not be able to drop to single digit by year-end, as suggested recently by International Monetary Fund Asia...
Thu, 22 Jul 1999
Are Megawati's chances fading?
Are Megawati's chances fading? A new idea has been suggested to the Indonesian public, this time by Amien Rais. The National Mandate Party (PAN) chairman suggested forming a "center axis", with himself and (National Awakening Party founder) Abdurrahman "Gus Dur" Wahid as the motivating forces.
Thu, 22 Jul 1999
Indonesian riders expected to keep ahead of the pack
Indonesian riders expected to keep ahead of the packBy Ivy Susanti and Sri Wahyuni JAKARTA (JP): Indonesian cyclists are vowing to retain their regional supremacy by grabbing four of seven golds at stake in the 20th Southeast Asian (SEA) Games, despite financial problems which prevented local and...
Thu, 22 Jul 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on July 21, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 6,660.00 6,710.00 6,660.00 6,740.00Australian dollar 1 4,273.85 4,358.30 4,248.00 4,433.00Austrian schilling 1 501.45 510.27 - -Belgian franc 1 171.
Thu, 22 Jul 1999
PLN jolted by big losses in 1998
PLN jolted by big losses in 1998 JAKARTA (JP): State-owned electricity company PT PLN saw its losses jump 15 fold in the year ending Dec. 31, 1998, mainly as a result of the increased cost of procuring electricity from private contractors and soaring debt servicing costs.
Thu, 22 Jul 1999
Indonesia's money still going down the drain
Indonesia's money still going down the drainBy Santo Koesoebjono WASSENAAR, The Netherlands (JP): Former president Soeharto is widely said to be smarter than Ferdinand Marcos. If so, then is it worthwhile to continue chasing his alleged "loot", which he should have hid even better than the deceased...
Thu, 22 Jul 1999
Merpati wants role in transporting haj pilgrims
Merpati wants role in transporting haj pilgrims JAKARTA (JP): Local private airline Merpati Nusantara is seeking the government's approval to become involved once again in the transportation of haj pilgrims to Mecca, Saudi Arabia, next year.
Thu, 22 Jul 1999
State security bill 'could snuff out democracy': Parwi
State security bill 'could snuff out democracy': Parwi JAKARTA (JP): Observers warn that the bill on state security grants excessive power to the military and the government in the event of perceived threats to the state.
Thu, 22 Jul 1999
Police snap to it with cases against magazines
Police snap to it with cases against magazines JAKARTA (JP): Unlike work on other pressing cases, such as corruption, the National Police on Wednesday announced they had completed dossiers on Matra and Popular magazines in just a matter of weeks.
Thu, 22 Jul 1999
Time for 'forgive and forget', Thai WTO candidate says
Time for 'forgive and forget', Thai WTO candidate says BANGKOK (AP): With a deal all but done to share power with his rival to lead the World Trade Organization, Thai candidate Supachai Panitchpakdi said Wednesday it was time to leave behind the bitter race and cooperate for the future.
Wed, 21 Jul 1999
IMF loan and economic crisis
IMF loan and economic crisis In any country it is common for one or two companies or banks to be closed down every year and at the same time be replaced by similar establishments. In this context, Indonesia seems to have had the most extraordinary and painful experience, when since August 1997...
Wed, 21 Jul 1999
Expert finds loopholes in fiscal autonomy law
Expert finds loopholes in fiscal autonomy law JAKARTA (JP): The central government will retain some fiscal control over provinces despite a new law promising to give the regions a greater share of their own resources, a University of Indonesia legal expert said on Tuesday.Arifin P.
Wed, 21 Jul 1999
The $82b bank bailout
The $82b bank bailout The government's disclosure last week that costs of recapitalizing private and state banks had risen to over Rp 550 trillion (US$82 billion) -- or almost 150 percent as large as Indonesia's real inflation-adjusted gross domestic product of Rp 376.
Wed, 21 Jul 1999
Military police named suspects
Military police named suspects JAYAPURA, Irian Jaya: Two military police members in Sorong, Irian Jaya, have been named suspects on charges of shooting a civilian dead two weeks ago, Antara has reported.Chief of provincial military police Lt. Col. Sugijanto said on Tuesday First Sgt.
Wed, 21 Jul 1999
RI trade surplus with Australia
RI trade surplus with Australia JAKARTA (JP): Indonesia booked a surplus of US$163 million in bilateral trade with Australia in the first quarter of the year, the Australian Embassy in Jakarta said on Tuesday.
Wed, 21 Jul 1999
Govt to revamp laws on intellectual property rights
Govt to revamp laws on intellectual property rights JAKARTA (JP): Indonesia's laws regarding intellectual property rights will soon be adjusted to standards stipulated in the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPs) under the World Trade Organization (WTO).
Wed, 21 Jul 1999
Kite festival informs of risk to power lines
Kite festival informs of risk to power lines JAKARTA (JP): Dozens of people from all over the world took part in the Jakarta International Kite Festival '99 over the weekend. State-owned electricity company PLN was the most domineering presence in using the event to educate the public about the...
Wed, 21 Jul 1999
More foreigners to manage local banks
More foreigners to manage local banks JAKARTA (JP): Bank Indonesia (BI) is considering allowing more foreign bankers to manage local banks in a bid to rebuild confidence in the ailing industry, according to an official source.
Wed, 21 Jul 1999
Amien names Gus Dur as alternative candidate
Amien names Gus Dur as alternative candidate JAKARTA (JP): Recent meetings between National Mandate Party (PAN) chairman Amien Rais and National Awakening Party (PKB) founder Abdurrahman Wahid reportedly resulted in Amien's stated willingness to support the latter as an alternative presidential...
Wed, 21 Jul 1999
Trisakti team to HK for another ballistics test
Trisakti team to HK for another ballistics test JAKARTA (JP): A fact-finding team looking into the May 1998 Trisakti incident will soon leave for Hong Kong to follow the final process of ballistics tests before the case involving the shooting of four Trisakti University students could be brought...
Wed, 21 Jul 1999
Government to decide on KSO contract scheme: Giri
Government to decide on KSO contract scheme: Giri JAKARTA (JP): Minister of Communications Giri Suseno said on Tuesday the government was studying whether to maintain the joint operation scheme (KSO) in the country's telecommunications industry.
Wed, 21 Jul 1999
Tourism minister visits South Jakarta scavengers
Tourism minister visits South Jakarta scavengers JAKARTA (JP): Minister of Tourism, Art and Culture Marzuki Usman visited a slum area in Pesanggrahan, South Jakarta, on Tuesday to encourage the children of scavengers to struggle for a better future.
Wed, 21 Jul 1999
Low expectations for RI boxers in SEA Games
Low expectations for RI boxers in SEA GamesBy Primastuti Handayani JAKARTA (JP): National boxers are keeping a tight rein on their hopes for the 20th Southeast Asian (SEA) Games in Brunei Darussalam next month, aiming for only three of the 11 golds at stake.
Wed, 21 Jul 1999
Lack of funds hampers food aid distribution
Lack of funds hampers food aid distribution JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin said on Tuesday that a lack of funds to finance transportations cost had caused problems in distributing food aid.
Wed, 21 Jul 1999
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on July 20, 1999: Shares Close Change TradingVolume -------------------------------------------------------- Ades Alfindo 500 25 266,500 AHAP Insurance 525 0 0 Alakasa Industrindo 300 0 0 Alter Abadi 400 0 217,500...
Wed, 21 Jul 1999
Major parties committed to women's welfare
Major parties committed to women's welfare JAKARTA (JP): Four major political parties declared on Tuesday their commitment to the betterment of women's and children's welfare, promising to give the issue prominence in the next State Policy Guidelines (GBHN).
Wed, 21 Jul 1999
Constitutional politicking looms
Constitutional politicking loomsBy Makmur Keliat JAKARTA (JP): If we speak of a political transition from an authoritarian to a democratic system, two words always come to mind -- freedom and order. These two words also reflect a classic dilemma faced by developing countries when trying to improve...
Wed, 21 Jul 1999
Sutiyoso prepared to back down on bus fare hike
Sutiyoso prepared to back down on bus fare hike JAKARTA (JP): Governor Sutiyoso said on Tuesday he was prepared to annul the administration's plans to increase both bus and parking fees if the plan proved too unpopular.
Wed, 21 Jul 1999
Arianespace taps into Asia-Pacific
Arianespace taps into Asia-PacificBy Christiani Tumelap EVRY, France (JP): France's Arianespace remains upbeat about the market for a commercial satellite launch business in Asia Pacific despite the economic crisis that has rocked the region for the last two years.
Wed, 21 Jul 1999
West 'ignorant of plight of the Acehnese'
West 'ignorant of plight of the Acehnese' JAKARTA (JP): The Indonesian Mosque Council (DMI) accused the West of being ignorant of the tragedies in Aceh and urged Muslims across the country to help the Acehnese, at least 70,000 of them who have become refugees.
Wed, 21 Jul 1999
Ruling on forest utilization to be reviewed: Official
Ruling on forest utilization to be reviewed: Official JAKARTA (JP): The government said on Tuesday it would review the five-month-old regulation on forest utilization because the maximum acreage set for timber companies does not encourage them to adopt sustainable practices.
Wed, 21 Jul 1999
Proper school buildings needed
Proper school buildings needed TANGERANG (JP): At least 3,000 students from 56 state elementary schools are putting their lives at risk while studying in badly damaged school buildings, an official said over the weekend.
Wed, 21 Jul 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on July 20, 1999: TT rates Bank notes ratesBuying Selling Buying SellingRp Rp Rp Rp U.S. dollar 1 6,640.00 6,690.00 6,640.00 6,720.00Australian dollar 1 4,294.75 4,379.40 4,269.00 4,454.00Austrian schilling 1 494.18 502.98 - -Belgian franc 1 168.57 171.
Wed, 21 Jul 1999
PDI-P reaffirms Megawati's presidency
PDI-P reaffirms Megawati's presidency JAKARTA (JP): Election winner Indonesian Democratic Party of Struggle (PDI Perjuangan) concluded its leadership meeting on Tuesday reaffirming chairwoman Megawati Soekarnoputri's presidential candidacy.
Wed, 21 Jul 1999
MUI pledges to engage in self-introspection: Yafie
MUI pledges to engage in self-introspection: Yafie JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) marked its 24th anniversary on Tuesday by promising to engage in self-introspection and redefine its position in Indonesian society.
Wed, 21 Jul 1999
Chinese fishing boat sinks
Chinese fishing boat sinks MANILA (AFP): A Chinese fishing vessel sank near disputed South China Sea islands after colliding with a Philippine navy patrol boat, officials said on Tuesday, as Manila pressed the need for a code of conduct to prevent more serious incidents in the area.
Wed, 21 Jul 1999
Ballo targets second gold from Brunei Games
Ballo targets second gold from Brunei Games JAKARTA (JP): "What do you want this year, Ballo?""A gold medal, definitely. I won the gold two years ago and I intend to defend my title," answered boxer Hermansen Bertholens Ballo during a break in training at the Ragunan Sports School in South Jakarta.
Wed, 21 Jul 1999
Investment licensing powers to be delegated to provinces
Investment licensing powers to be delegated to provinces JAKARTA (JP): The Investment Coordinating Board (BKPM) will authorize its provincial investment offices (BKPMD) to license all foreign direct investment and domestic investment starting in August, State Minister of Investment Marzuki Usman...
Wed, 21 Jul 1999
In fabulous new feather at the Peacock cafe
In fabulous new feather at the Peacock cafe JAKARTA (JP): Time was when Jakarta's finest showed their finery at the Peacock, the Jakarta Hilton's coffee shop. Rewind a decade, when fine hotels were few and far between, and the Peacock was the place to dine, check out other well-heeled diners and do...
Wed, 21 Jul 1999
ASEAN ministers retreat to mull group's future
ASEAN ministers retreat to mull group's futureBy Meidyatama Suryodiningrat SINGAPORE (JP): As members of the Association of Southeast Asian Nations (ASEAN) begin to creep out of their worst regional crisis, ministers will take time from the grouping's annual meeting on Friday to do a bit of...
Wed, 21 Jul 1999
Consumers have right to know
Consumers have right to know It's good to know that Satelindo's Mentari GSM prepaid card is able to roam to Bali, with Sumatra to follow suit. Finally, the Mentari is not only accessible in the Jakarta-Bogor-Tangerang- Bekasi area. Advertisements on this facility have appeared in several newspapers.
Wed, 21 Jul 1999
Downer to visit E. Timor this month
Downer to visit E. Timor this month MELBOURNE (JP): Australian Foreign Minister Alexander Downer announced on Tuesday plans to travel to East Timor on July 30, making him the first Australian foreign minister ever to visit the territory.
Wed, 21 Jul 1999
Administration to seek share of oil revenue
Administration to seek share of oil revenue JAKARTA (JP): A senior official and councilor has pushed the city administration to seek ways to obtain a share of the estimated billions of rupiah generated in massive ongoing oil exploration projects in the Thousand Islands area.