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 1,492 articles

Very risky generosity

Very risky generosity When this country faced a dire economic crisis under president Sukarno in the early 1960s, many people said that had the crisis hit one of our neighbors it would have collapsed.However, there is no comparing that crisis with today's economic catastrophe in that our country...

Bengkel's first anniversary

Bengkel's first anniversary JAKARTA (JP): Bengkel Nightpark, one of the city's main entertainment centers, celebrated its first anniversary with modest but appealing events from July 3 through July 5.The main attractions for the 2,000 guests were street shows by a performing monkey and blazing fire...

The myth about the Chinese-Indonesians

The myth about the Chinese-Indonesians Some say many goods have become scarce or expensive because their distributors, mostly traders of Chinese descent, have fled the country. Economist Kwik Kian Gie says this is a myth created to discredit Chinese-Indonesians.

Riot victims

Riot victims Reports that the ethnic Chinese community has become the victim of rioting, looting and systematic rape will certainly break everybody's heart. I cannot imagine how I would feel if those things happened to me, my family, or my friends.

Economy shrinks for first time in 30 years

Economy shrinks for first time in 30 years JAKARTA (JP): Indonesia's economy plunged into negative growth for the first time in 30 years in the January-June period of this year, with a 12.3 percent contraction in the economy as compared to the same period in 1997, the Central Statistics Agency...

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 7, 1998: Buying Selling Rp Rp U.S. dollar 1 14,200.00 15,200.00Austrian shilling 1 1,082.10 1,235.50Australian dollar 1 8,788.30 9,399.20Belgian franc 1 382.40 406.40Canadian dollar 1 9,715.

Over 116,000 face starvation

Over 116,000 face starvation BANDA ACEH, Aceh: A senior local official reported yesterday that 116,252 people in Indonesia's westernmost province were facing starvation because of continuing drought.Djoko Santoso from the local social ministry office told Antara that the drought, which started late...

Losing dollars

Losing dollars Ever heard of losing dollars in a bank? Well it is possible. On May 18, I was in a rush. My embassy advised me to leave Indonesia because of possible unrest.So I went to my, I thought reliable, bank BCA, here in Yogyakarta.

Political doubts threaten tourism

Political doubts threaten tourism JAKARTA (JP): Indonesia might have to reduce its 1998 tourist revenue target of US$5.75 billion if domestic political conflict continues, Director General of Tourism Andi Mappisameng said yesterday.

Diseases plague coastal residents

Diseases plague coastal residents TANGERANG (JP): Health officials have reported a high incidence of skin diseases and respiratory infections in northern coastal villages here caused by unhealthy living conditions.

Rupiah weakens slightly but stocks get stronger

Rupiah weakens slightly but stocks get stronger JAKARTA (JP): The rupiah weakened slightly against the U.S. dollar yesterday following some selling from state banks, while the stock market maintained its strength as a result of investors' continuing to buy stocks in certain state-owned firms.

House backs UN convention approval

House backs UN convention approval JAKARTA (JP): The House of Representatives for the first time used its right of initiative yesterday to set forth a motion for the ratification of the United Nations Convention Against Torture signed by the government a decade ago.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Art exhibition: Works of Agus Suwage, at Galeripadi Jl. Ir. H. Juanda 329 Bandung (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 4 p.m., until July 19. * Painting Exhibition by Roedyat Martadiradja, Tatang Ganar, Marilies Forster, Elly Roedyat, etc, in the...

Inhutani I's profit up

Inhutani I's profit up JAKARTA (JP): State timber firm PT Inhutani I reported yesterday a pretax profit of Rp 21.6 billion (US$1.54 million) in the first semester of this year, up 8 percent from the Rp 20.4 billion in the same period last year.

Pakistan's debt moratorium

Pakistan's debt moratorium ISLAMABAD (Reuters): Pakistani Finance Minister Sartaj Aziz said yesterday that the government might have to consider a moratorium on its US$30 billion debt in three months if sanctions blocked foreign exchange flows to service it.

Freshly printed rupees cause unease

Freshly printed rupees cause uneaseBy Simon Cameron-Moore BOMBAY (Reuters): Inflation in India, where poor voters get touchy about the price of onions, is edging toward the high end of its comfort zone.Consumer prices for industrial workers rose 10.5 percent in the year to May, after an 8.

Indian films portray today's social concerns

Indian films portray today's social concerns JAKARTA (JP): Indian movies on issues of social concern and related discussions are being held this week at Teater Utan Kayu (TUK), Jl Utan Kayu 68H, East Jakarta. Below is a synopsis of two of the five films.Bandit Queen (July 12, 4 p.m.

Thai power demand drops

Thai power demand drops BANGKOK (Reuters): Thai electricity demand will contract for the first time in 35 years in 1998 as the country's worst economic crisis takes its toll, the head of the state power authority said yesterday.

Tropical livestock seminar in Yogya

Tropical livestock seminar in Yogya YOGYAKARTA: The second International Seminar on Tropical Livestock will be held here next week, Committee Chairman Budi Prasetyo Widyobroto said over the weekend.Around 200 domestic and foreign participants are expected to attend the two day seminar which begins...

German representative to hold talks with Indonesia

German representative to hold talks with Indonesia BONN (Reuters): The German foreign ministry said yesterday that it was sending a representative to Jakarta for talks with President B.J. Habibie on the country's political and economic situation and its planned reforms.

Young boy dies in burning car

Young boy dies in burning car JAKARTA (JP): A two-and-a-half-year-old boy died after the engine of his father's minivan exploded.According to a relative of the victim, the boy, identified as Harry Kurniawan, might have been sleeping when the blast occurred in front of Ketilang kindergarten at the...

Habibie calls for fasting to save rice

Habibie calls for fasting to save rice JAKARTA (JP): President B.J. Habibie has appealed to all Indonesians to join him in the ritual of fasting for two days each week in order to save rice, the mainstay of the nation's diet.

Female body found in Tangerang

Female body found in Tangerang TANGERANG (JP): The body of an unidentified female was found floating in Cimancuri river in Ranca Labuh village, Mauk district, here at 5 p.m. on Friday.A witness, Toman, 26, was quoted by Antara as saying that he became suspicious of an object floating in the river...

The oldest profession feels pinch of the monetary crisis

The oldest profession feels pinch of the monetary crisis JAKARTA (JP): Few businesses have been spared the sting of the ongoing economic turmoil, including the officially recognized Kramat Tunggak red-light district in North Jakarta.

Wiranto calls for an end to misleading comments

Wiranto calls for an end to misleading comments PANDEGLANG, West Java (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto called for a stop to the rhetorical bashing of the government as he claimed it was diluting the political system and creating confusion among the people.

Chinese struggle in Indonesia

Chinese struggle in Indonesia I trust that many Chinese struggled before the country's independence and continued to do so after independence. Sumarsono Sastrowardoyo's letter (May 30) was very biased and is the result of narrow-minded thinking.

The Kid's Encyclopedia adds fun to learning

The Kid's Encyclopedia adds fun to learningBy Zatni Arbi JAKARTA (JP): We all know that the wheel is undoubtedly one the greatest human inventions. But, who invented it?It was only after I explored Random House Kid's Encyclopedia that I became aware that the wheel was most likely an invention of...

Thai plans $2b bond tranche

Thai plans $2b bond tranche BANGKOK (Reuters): The Thai cabinet is expected today to approve a finance ministry proposal to float a first tranche of up to $2.0 billion in offshore sovereign bonds, a finance ministry source said on Sunday.

Thailand, Malaysia, RI to discuss INRO

Thailand, Malaysia, RI to discuss INRO BANGKOK (Reuters): Thai, Malaysian and Indonesian ministers will meet on July 24-25 to formulate a common stance on whether to withdraw from the International Natural Rubber Organization (INRO), a senior Thai official said yesterday.

Suhardiman loses his job in SOKSI after 38 years

Suhardiman loses his job in SOKSI after 38 years JAKARTA (JP): SOKSI, one of the organizations that formed the ruling Golkar group in 1964, overthrew Suhardiman who had led it for 38 years at a congress late last week.

Golkar executives deny patrons' charges

Golkar executives deny patrons' charges JAKARTA (JP): Golkar executives have rejected their patrons' accusations of failing to respond to calls for reform.But they were quick to douse speculation that the strong interchange with their patrons was a sign of a rift within the dominant political...

Asian countries move slowly to reform banks

Asian countries move slowly to reform banks TOKYO (Reuters): Point a finger at any of the now-humbled Asian economies and you'll find the same problem at the heart of their woes -- the banking system.While the details differ from country to country, the symptoms are mostly all the same: bad loans...

Intelligence officer dies as violence escalates in Irian

Intelligence officer dies as violence escalates in Irian JAKARTA (JP): The police intelligence officer who was beaten up by student protesters in Jayapura, Irian Jaya, on Friday died in hospital late on Saturday as fresh violence broke out in Biak, officials and media reports said yesterday.

Govt urged to reforest huge Kalimantan peat land

Govt urged to reforest huge Kalimantan peat land JAKARTA (JP): A team assigned to review the one-million hectare peat land project in Central Kalimantan has suggested that the government reforest the area on the grounds the megaproject is off-target and threatens the environment.

SEA Games consortium urged to return reforestation funds

SEA Games consortium urged to return reforestation funds JAKARTA (JP): The Ministry of Forestry and Plantations has asked the consortium of financiers for the 19th Southeast Asian Games to return the Rp 35 billion (US$2.

Rubber prices bearish in Asia

Rubber prices bearish in Asia SINGAPORE (Reuters): Southeast Asia's rubber market is poised to trade within a tight band this week amid bearish tendencies as prospects of an International Natural Rubber Organization (INRO) intervention wane, traders said yesterday.

Christensen wins Malaysian Open

Christensen wins Malaysian Open PENANG, Malaysia (Reuters): World number one and top seed Peter Gade Christensen of Denmark won the Malaysian Open title on his fifth attempt on Sunday by taming new Indonesian star Jeffer Rosobin.

Economic problem

Economic problem I am deeply concerned over the ailing economy in our country. We fully realized that since the crisis happened we have a lot of problems. The 60 percent interest rate offered by banks in Indonesia is making businesses crippled and bankrupt.

Kiara Payung villagers stone Pakuaji police post

Kiara Payung villagers stone Pakuaji police post TANGERANG (JP): Hundreds of residents of Kiara Payung village here threw stones at the Pakuaji police subprecinct office on Sunday and demanded the release of a 22-year-old man charged with the murder of his wife and brother-in-law.

Sri Mulyani warns of populist policies

Sri Mulyani warns of populist policies JAKARTA (JP): Economist Sri Mulyani Indrawati has warned that the populist measures being taken by the government to overcome the economic crisis are leading the nation into bankruptcy.

Reducing the risk of chemical war

Reducing the risk of chemical warBy W. Wuryani JAKARTA (JP): The distinguished journal Nature again published in May 1998 a view on the Gulf War syndrome, a kind of illness produced from the residue of warfare.

Trading in Singapore dollar hit by Brunei loss report

Trading in Singapore dollar hit by Brunei loss report SINGAPORE (Dow Jones): The Singapore dollar took a sharp dive in trading in Southeast Asian foreign exchange markets yesterday, sold by interbank traders on reports of heavy investment losses by a senior member of Brunei's royal family.

Men face two years for mobbing

Men face two years for mobbing BOGOR (JP): Prosecutor Andi Rachman Asbar asked Bogor District Court to sentence seven people each to two years in jail on Saturday for mobbing an alleged hoodlum to death.

Military to sell cheap food

Military to sell cheap food JAKARTA (JP): Outgoing Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin has invited Jakartans to come and buy cheap essential goods at the command's cooperative shops.

UI has new professor

UI has new professor JAKARTA (JP): Soehartati Gondhowiardjo Argadikoesoemo was installed Saturday as a new professor of medical science at the University of Indonesia (UI).Soehartati was installed at a ceremony led by Ali Sulaiman, dean of UI Medical School, on behalf of the university's rector at...

Guns used at Trisakti 'match police weapons'

Guns used at Trisakti 'match police weapons' JAKARTA (JP): The team investigating the shootings at Trisakti University on May 12 in which four students died disclosed yesterday that it has identified two of the types of guns used in the incident.

Jakarta has 1.4m poor people: BKKBN

Jakarta has 1.4m poor people: BKKBN JAKARTA (JP): The number of poor people in the capital is estimated to have risen to 1.4 million, or 14.7 percent of the city's 9.5 million population, data from the Jakarta office of the National Family Planning Board (BKKBN) has shown.The 1.

Volvo to review its Indonesian operation

Volvo to review its Indonesian operationBy Devi M. Asmarani GTEBORG, Sweden (JP): International automobile manufacturer Volvo Car Corporation is reviewing its operation in Indonesia due to the current economic and political uncertainty, the company's executive has said.

ASEAN asked to boost crisis rice reserves

ASEAN asked to boost crisis rice reserves BANGKOK (Reuters): Members of the Association of Southeast Asian Nations should boost emergency rice reserves to ensure regional food security, Thai Deputy Prime Minister Supachai Panitchpakdi said yesterday.

Thousands attend mass prayers to seek guidance from Allah

Thousands attend mass prayers to seek guidance from Allah JAKARTA (JP): A blazing morning sun could not dry the tears of most of the hundreds of thousands of Moslems who attended a mass prayer organized by Nahdlatul Ulama (NU) in the eastern parking lot of the Senayan complex here Sunday.