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 17,759 articles

Caltex workers staying put

Caltex workers staying put PEKANBARU, Riau: The joint venture oil company, PT Caltex Pacific Indonesia (CPI), here has no plans as yet to evacuate its foreign employees, despite a mass exodus of foreigners due to widespread rioting in Jakarta last week.

Stocks down, rupiah weak over concerns

Stocks down, rupiah weak over concerns JAKARTA (JP): Share prices on the Jakarta Stock Exchange fell 4.2 percent yesterday, dragged down by a fall in politically well-connected stocks, while the rupiah remained weak, dealers and stockbrokers said.

Where to go in Bandung:

Where to go in Bandung:Exhibition * Art exhibition: Recent Works 1996-1998, by Susanna Samanek, at Galeripadi, Jl. Ir. H. Juanda 329, Bandung (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 8 p.m., until May 31.Film * French Film at CCF - French Cultural Center, Jl.

Hartono lashes out at former ministers

Hartono lashes out at former ministers JAKARTA (JP): Minister of Home Affairs R. Hartono poured scorn on former cabinet members yesterday for criticizing President Soeharto, saying they would have resigned during their ministerial tenures if they had guts."They can talk now.

S'pore sees no recession from riot-jolted Indonesia

S'pore sees no recession from riot-jolted Indonesia SINGAPORE (Reuters): Singapore said yesterday it expected its economy to grow by between 2.5 and 4.5 percent this year, despite the financial crisis sweeping across Southeast Asia in recent months.

Foreign banks offer to assist RI privatization

Foreign banks offer to assist RI privatization JAKARTA (JP): State Minister for the Empowerment of State Enterprises Tanri Abeng said yesterday 21 foreign investment banks had offered to underwrite the divestment of the government's shares in 12 state firms.

Vietnam rice exports stable despite Indonesian chaos

Vietnam rice exports stable despite Indonesian chaos HANOI (Reuters): Vietnam's rice exports have not been affected by turmoil in Indonesia as most directly-signed contracts between dealers in the two countries were delivered by March, traders said yesterday.

Palm market eyes RI unrest

Palm market eyes RI unrest KUALA LUMPUR (Reuters): Asian palm oil markets are expected to be cautious this week with the market focused on the unrest in Indonesia, regional traders said.Traders in Malaysia said currency movements and the trend in European vegetable oil markets would dictate price...

Maj. Gen. Suaidi sworn into Sulawesi command

Maj. Gen. Suaidi sworn into Sulawesi command UJUNGPANDANG, South Sulawesi (JP): Maj. Gen. Suaidi Marasabessy was sworn in yesterday as commander of the Wirabuana Military Command overseeing Sulawesi, replacing Lt. Gen. Agum Gumelar.

Gen. Wiranto warns certain groups plan greater unrest

Gen. Wiranto warns certain groups plan greater unrest JAKARTA (JP): Minister of Defense and Security Affairs/Armed Forces Commander Gen. Wiranto warned yesterday that a certain group was planning to incite greater unrest to coincide with the historic National Awakening Day tomorrow.

BHP's plants remain closed

BHP's plants remain closed PERTH (Reuters): Australia's largest industrial group, The Broken Hill Pty. Co. Ltd., said yesterday it had no immediate plans to reopen its Indonesian steel operations, which were closed last week after riots broke out in Jakarta.

Hariyanto stars as RI into Thomas Cup semis

Hariyanto stars as RI into Thomas Cup semis HONG KONG (Reuters): Former world champion Hariyanto Arbi inspired holder Indonesia into the semifinals of badminton's Thomas Cup men's team championship with a 4-1 win over South Korea yesterday.

Thousands demand Soeharto's resignation at House

Thousands demand Soeharto's resignation at House JAKARTA (JP): Thousands of students and community leaders swamped the House of Representatives/People's Consultative Assembly complex yesterday, conveying loudly their demands that the legislative body set in motion procedures to force President...

Amien Rais' legitimacy

Amien Rais' legitimacyFrom MerdekaAfter returning from foreign visits (to the U.S. and Germany), Amien Rais made a surprising gesture that he would form a Council of People's Mandate and on May 20 this council would "go public".

Chronology of recent major events

Chronology of recent major events JAKARTA (JP): This is the chronology of major events leading up to yesterday's announcement by Harmoko, speaker of the House of Representatives and chairman of the People's Consultative Assembly (MPR), that he will ask President Soeharto to resign.

100 chartered planes allowed to pick up foreign nationals

100 chartered planes allowed to pick up foreign nationals JAKARTA (JP): The Ministry of Communications has allowed more than 100 chartered flights to touch down over the past several days since riots hit Jakarta, mostly to carry foreign nationals out of the country, a senior official said here...

Plan to cut public transportation tariffs opposed by bus owners

Plan to cut public transportation tariffs opposed by bus owners JAKARTA (JP): Governor Sutiyoso's plan to reduce public transport fares following the government's announcement to cut back the increase in fuel prices was rejected by several bus company officials yesterday.

S'pore's OUB sees more risk from Indonesia

S'pore's OUB sees more risk from Indonesia SINGAPORE (Reuters): The head of one of Singapore's biggest banks said yesterday Indonesia's escalating crisis had increased the risk of bank lending there and would probably lead his group to make further provisions for possible losses.

Foreign students at UGM want to leave Indonesia

Foreign students at UGM want to leave Indonesia YOGYAKARTA (JP): Seventy-six foreign students studying at Gadjah Mada University want to leave the country before tomorrow.The university's assistant rector, Joedoro Soedarsono, told The Jakarta Post that the 76 students were concerned for their...

People can't stop talking about 'Gray Thursday'

People can't stop talking about 'Gray Thursday' JAKARTA (JP): The rioting and looting in Greater Jakarta last Thursday is still a hot topic even though business as usual resumed in the capital yesterday.

Habibie may take power if Soeharto steps down

Habibie may take power if Soeharto steps down JAKARTA (JP): Vice President B.J. Habibie will succeed President Soeharto if the latter resigns as requested by House Speaker Harmoko yesterday, a constitutional law expert said.

Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from May 18 to May 24: U.S. dollar 1 Rp 9,237.50Austrian shilling 1 737.

RI: The evolution of revolution

RI: The evolution of revolutionBy Gwynne Dyer LONDON (JP): Everybody by now knows the drill for non-violent revolution -- in the past decade it has picked off tough targets like the South Korean generals, the Soviet Communist Party, and the apartheid regime in South Africa.

Fragile Indonesia, yen lead Asian markets lower

Fragile Indonesia, yen lead Asian markets lower SINGAPORE (Reuters): Fears of renewed violence in Indonesia and record lows for the yen pushed Asian markets downwards on Monday.Shares in Hong Kong, Southeast Asia and Australia closed lower, although the Tokyo stock market managed to recover from a...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film 3:05 Children's Program: Album Kenangan Anak 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI News...

ADB delays RI meeting

ADB delays RI meeting MANILA (Reuters): A planned Asian Development Bank (ADB) board meeting set for yesterday to discuss a US$1.5 billion loan to Indonesia has been postponed again, a Bank spokesman said."It is being rescheduled," he said without giving further details.

High cost of education

High cost of educationFrom Pikiran RakyatI am confused as to whom I should direct my questions about opportunities of kids to get a proper education.My questions are as follows:1. Can schoolchildren of elementary and secondary levels take the semester examination before they pay the school and the...

School's out until Friday, new spate of unrest feared

School's out until Friday, new spate of unrest feared JAKARTA (JP): Elementary and high school students have been given three days off as fears of fresh rioting grip the capital, a City Education and Culture Office staffer said yesterday.

Looted goods confiscated

Looted goods confiscated BOGOR (JP): Police have confiscated several items believed to be parts of those looted during last week's rioting in Jakarta brought by seven train passengers to Bogor, an officer said yesterday.Bogor Police Precinct chief Lt. Col.

Foreigners steer clear of the Indonesian turmoil

Foreigners steer clear of the Indonesian turmoil SINGAPORE (Reuters): Nervous investors acted yesterday to secure themselves against unrest in Indonesia, as Thai exporters backed away from Indonesian letters of credit and two major loans stalled.

Major banks vow to fill up ATMs in cash scramble

Major banks vow to fill up ATMs in cash scramble JAKARTA (JP): Major local banks pledged yesterday to provide more cash to their customers as thousands of people braved long queues behind automatic teller machines (ATMs).

Insurance companies await huge claims

Insurance companies await huge claims JAKARTA (JP): Insurance companies are nervously waiting for claims from owners of cars and properties damaged during three days of riots and arson in Jakarta and nearby towns last week to start pouring in.G.

Nyoman cleanses the world through art

Nyoman cleanses the world through artBy Jean Couteau DENPASAR (JP): It is not often that art work strikes one as unique, great, eternal. This is why we critics are such masters of creating complicated sentences and ambiguous words. We too often avoid making judgments.But great works do speak.

Reforms agenda

Reforms agenda I thank President Soeharto for showing his political will to conduct political reform. What is required now is the courage to make choices of what is to be reformed, which would be given priority.

Inco has normal operations

Inco has normal operations SINGAPORE (Reuters): The mine and smelter operations of PT International Nickel Indonesia in Saroako, central Sulawesi, are working normally, Ted Hodkin, the firm's chief operating officer, said on Monday."It's all normal here.

Rubber standstill on RI

Rubber standstill on RI SINGAPORE (Reuters): Fears of more riots in Indonesia are likely to keep rubber players on the sidelines but prices could be supported by such worries, Asian traders said yesterday.

Plane mishap under probe

Plane mishap under probe KENDARI, Southeast Sulawesi: Investigators said yesterday that Friday's abortive takeoff of Merpati's flight MZ-715 at Wolter Mongisidi Airport was caused by an unlocked baggage compartment door.The head of the investigation team, Cpt.

Tourist sector in doldrums

Tourist sector in doldrums PALANGKA RAYA, Central Kalimantan: The Association of Indonesian Tours and Travel Agencies (ASITA) was urged by its chairman yesterday to find ways to revive the country's tourist industry, battered by the monetary crisis and recent unrest.

Clinton calls for calm in Indonesian turmoil

Clinton calls for calm in Indonesian turmoil LONDON (AP): With growing calls seeking President Soeharto's resignation, President Clinton said yesterday that Indonesia's people should decide who leads the country -- and predicted that the fast-moving situation "may be clearer" by day's end.

Harmoko asks Soeharto to resign

Harmoko asks Soeharto to resign JAKARTA (JP): House of Representatives Speaker Harmoko asked President Soeharto yesterday to step down for the sake of the country's unity.But Armed Forces Chief Gen. Wiranto poured cold water on the jubilation that Harmoko's announcement provoked, by denouncing the...

Grain trade with RI in virtual halt

Grain trade with RI in virtual halt SINGAPORE (Reuters): The uncertainty in Indonesia has brought grain flows there to a near halt, and traders said yesterday they expected little or no movement until the political situation stabilizes."Things are out of control in Indonesia.

Graceful exit

Graceful exit For 32 years, President Soeharto has firmly, and largely effectively, guided the development of a vast, crowded, multi- racial archipelago.Since he came to power in the mid-1960s, during a time of terrible bloodletting openly encouraged by the military, he took Indonesia from dreadful...

Canadian firms vow to operate in RI

Canadian firms vow to operate in RI TORONTO (Reuters): Canadian companies based in Indonesia said on Friday their operations were largely unaffected by the civil unrest threatening to topple President Soeharto, but some firms have moved to evacuate employees.

Firefighters overwhelmed

Firefighters overwhelmed JAKARTA (JP): Firefighters admitted Saturday that they could do very little during last week's three-day orgy of burning throughout the city."Frankly speaking, we are overwhelmed because so many buildings caught fire in so many places at the same time," said Johnny...

Singapore hotels filling fast with evacuees from Indonesia

Singapore hotels filling fast with evacuees from Indonesia SINGAPORE (AP): It may be all woe in Indonesia, but Singapore seems to be profiting in part from the chaos of its riot-torn neighbor.The small city-state's previously low hotel occupancy have been receiving a boost from an unexpected source...

Milking consumers

Milking consumersFrom KompasI am a housewife and have a two-and-half-year- old child. She still drinks Procal milk, a product of PT Sugizindo. My question is: Why doesn't the price of milk go down as the prices of other commodities have? In fact, the government has announced that the price of milk...

Expensive art sells amid crises

Expensive art sells amid crises SINGAPORE (AP): Despite riots in Indonesia and a worsening economic slowdown across the region, Singaporean and Indonesian collectors are spending lavish amounts on art.An auction organized by Sotheby's netted S$2.85 million (US$1.

Japan to push for continued aid to RI

Japan to push for continued aid to RI BIRMINGHAM, England (AP): The turmoil in Indonesia indicates the need for political and economic reform, but should not derail aid programs through the International Monetary Fund, a senior Japanese government official said Friday.

Malaysia sells COP to China

Malaysia sells COP to China KUALA LUMPUR (AP): A trade mission led by the Minister of Primary Industries, Lim Keng Yaik, will ask China to buy more Malaysian palm oil, a news report said Saturday.Palm oil export quotas to China, which totaled 1.

RP trader abducted

RP trader abducted MANILA (AP): Kidnappers wearing ski masks seized a wealthy trader in a crowded southern Philippine commercial district in an abduction linked to a family feud, police said yesterday.Police said Emilio Enriquez was walking toward a family-owned store in Zamboanga City's downtown...