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 17,070 articles

Price of unhusked rice

Price of unhusked riceFrom KompasSince publication in Kompas on Feb. 2, 1999, of a report on the drop in the price of unhusked rice, many responses have continued to dwell on the bureaucratic procedure.

Scorpion joins RI project

Scorpion joins RI project TORONTO (Dow Jones): Scorpion Minerals Inc. said it has entered into a $7 million joint venture agreement with Aurora Gold Ltd. for the Sampanahan property in Southeast Kalimantan, Indonesia.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb.24, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 350 -25 15,000 AHAP Insurance 400 0 0 Alter Abadi 275 0 0 Alumindo Light Metal 375 0 0 Alumindo Perkasa...

South Korean 'chaebols' are laggards in recovery effort

South Korean 'chaebols' are laggards in recovery effortBy Pauline Jelinek SEOUL (AP): It was a rare public confession from some of South Korea's richest and most powerful men, the chairmen of four of the nation's five largest conglomerates.

How Asian financial crisis has affected rural families

How Asian financial crisis has affected rural familiesBy John Madeley ROME: In a village on the Indonesia island of Lombok, 45-year old Inak Muli starts work at 6 a.m., making earthen pots. One of a small group of women, her day ends at 1 p.m. the following day.

Sofyan is 'no longer in hospital'

Sofyan is 'no longer in hospital' JAKARTA (JP): Sofyan Wanandi, a businessman implicated in a bank credit scam here, is no longer being treated in a clinic in the United States, the Attorney General's Office said on Wednesday as reported by Antara.

Inco sets up new RI venture

Inco sets up new RI venture TORONTO (AFP): Canadian-based Inco Limited and Japan's Dowa Mining announced Tuesday that they have entered a joint venture for copper, zinc, gold and silver exploration in Turkey and Indonesia.

House has to pass 25 draft laws in 18 weeks

House has to pass 25 draft laws in 18 weeksBy Sugianto Tandra JAKARTA (JP): Last Thursday, the House of Representatives (DPR) passed a draft law limiting monopolistic business practices, the first initiative of the House in decades.

Traders urge market management change

Traders urge market management change JAKARTA (JP): At least 400 traders of Kenari electronics market in Central Jakarta urged the government on Wednesday to allow them to control the market's management for the sake of efficiency.

Avoiding a breakup

Avoiding a breakup Nobody who has observed the series of outbreaks of sectarian violence that has erupted in several of this country's regions since the downfall of the authoritarian regime of President Soeharto in May last year can escape the impression that something must be fundamentally wrong...

More incentives needed for Timor Gap projects

More incentives needed for Timor Gap projectsBy Riyadi NUSA DUA, Bali (JP): Indonesia will propose additional incentives at the meeting of the Ministerial Council on the Timor Gap for oil and gas exploitation in the region, Minister of Mines and Energy Kuntoro Mangkusubroto said here on Wednesday.

Habibie, Wiranto objects of public discontent

Habibie, Wiranto objects of public discontentBy Tjipta Lesmana JAKARTA (JP): Public opinion is regarded as a force that should not be underestimated by any player in the political arena of every democratic or quasi-democratic state.Public opinion, in a sense, is the people's voice.

Bandung artist ropes in hedonism

Bandung artist ropes in hedonismBy Pavan Kapoor JAKARTA (JP): As humankind prepares for a new millennium, the breakneck pace of civilization urges societies to pursue relentlessly a vast range of global pleasures.

Thanks to Nokia

Thanks to Nokia I refer to my letter, titled "A call for help" in the Feb. 17 The Jakarta Post, in which I complained about Nokia's battery, Immediately after the letter appeared in the Post, the general manager of Nokia Jakarta, Mr. Alexander L., called me to inquire about the problem.

Heri Dono shows modern monsters

Heri Dono shows modern monsters JAKARTA (JP): Works of Heri Dono, one of the country's most famous avant garde painters and installation and performance artists, are on display in Singapore.Mythical Monsters in Contemporary Society, Heri's first exhibition in the country, showcases 15 of his most...

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Feb. 24, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,800.00 8,850.00 8,800.00 8,900.00Australian dollar 1 5,591.70 5,698.75 5,465.00 5,715.00Austrian schilling 1 699.66 710.57 - -Belgian franc 1 238.

RI banks' ratings lowered

RI banks' ratings lowered HONG KONG (Dow Jones): Thomson BankWatch said Wednesday it has downgraded the local currency debt ratings of Indonesia's Bank Duta and Bank Rama to LC-4 from LC-3 amid concerns about the deteriorating operating environment for Indonesian banks.

Molotov cocktail explodes on house

Molotov cocktail explodes on house JAKARTA (JP): A Molotov cocktail exploded on the roof of a house of a junior high school teacher in Sungai Bambu, North Jakarta, stunning the family and their neighbors on Tuesday evening.

Explanation of phone tariff hike sought

Explanation of phone tariff hike sought JAKARTA (JP): City Council will invite executives of the state-owned telecommunications operator PT Telkom to explain their decision to hike tariffs for local long-distance calls 21 fold.

The spin on Pelabuhan Ratu

The spin on Pelabuhan Ratu As a frequent visitor to one of Indonesia's -- and perhaps one of the world's most beautiful areas -- I would like to appeal to the Indonesian Tourist Board to let me assist them in properly promoting Pelabuhan Ratu.

Two reported dead, 12 injured in fresh East Timor clash

Two reported dead, 12 injured in fresh East Timor clash DILI, East Timor (JP): Two proindependence activists were shot dead and at least 12 others were injured in a clash which erupted during a traditional mourning service on Wednesday in Becora, Dili.

Political parties race against time for elections

Political parties race against time for elections JAKARTA (JP): Political parties are racing to establish chapters and branches in order to qualify to contest the June 7 general election.The Team of Eleven -- in charge of examining and selecting poll contestants -- continued on Wednesday its visits...

Indonesian pepper exports up 25 percent

Indonesian pepper exports up 25 percent JAKARTA (JP): Pepper exports rose by 25.3 percent to 40,749 metric tons in 1998 from 32,510 metric tons in 1997, the International Pepper Community (IPC) said on Wednesday.

Cheetam to produce refined salt in RI

Cheetam to produce refined salt in RI NUSA DUA, Bali (JP): Cheetam Salt Ltd. of Australia will form a joint venture with state-owned PT Garam to produce refined salt for human consumption and industrial use in Indonesia.Cheetam director W.J.

Eight killed in two-day Ambon riot

Eight killed in two-day Ambon riot JAKARTA (JP): At least eight people were killed in two days of clashes in the riot-torn Maluku capital of Ambon which started Tuesday, Antara reported on Wednesday.The news agency said that five people were killed on Tuesday and a further three died and dozens...

Irian Jaya separatist leader hails planned talk

Irian Jaya separatist leader hails planned talk NEW YORK (Antara): The leader of the Free Papua Organization, John Ondawame, has welcomed the planned dialog between the Irianese and President B.J. Habibie at Merdeka Palace, Jakarta, on this coming Feb. 26.

Yen's rebound boosts SE Asian currencies

Yen's rebound boosts SE Asian currencies SINGAPORE (Dow Jones): Although a rebound in the Japanese yen lent strength to most Southeast Asian currencies during regional trading hours on Tuesday, the Singapore dollar failed to benefit, slumping to a fresh five-month low against the U.S. dollar.

Officials destroy jackpot machines

Officials destroy jackpot machines TANGERANG (JP): The prosecutor's office in Tangerang destroyed 26 jackpot machines and 742 counterfeit bills, mostly Rp 10,000 notes, on Monday, an official said."The elimination of the goods was done legally," Pudji Basuki, the head of the general crime unit at...

Another lesson for motorist

Another lesson for motorist JAKARTA (JP): A lone motorist fixing a flat tire on his car on a lonely street in Kemayoran, Central Jakarta early Monday, was robbed by a group of six, who first posed as kindly-hearted men.

Akaindo settles dispute amicably

Akaindo settles dispute amicably JAKARTA (JP): The city water contractors' association (Akaindo) amicably settled its dispute with city-owned water company PDAM Jaya and its two foreign partners -- Pam Lyonnaise Jaya (Palyja) and Thames Pam Jaya (TPJ).

ABRI to summon Prabowo soon

ABRI to summon Prabowo soon JAKARTA (JP): Minister of Defense/Armed Forces Commander Gen. Wiranto said on Tuesday he would summon Lt. Gen. (ret.) Prabowo Subianto, former chief of the Army's Strategic Reserves Command (Kostrad), to question him about a meeting at Kostrad headquarters one day after...

One shot dead in fresh Ambon violence, 10 injured

One shot dead in fresh Ambon violence, 10 injured JAKARTA (JP): At least one man was killed and 10 others injured on Tuesday after security personnel opened fire to disperse mobs of Muslims and Christians in the riot-torn Maluku capital of Ambon, officials said.

First batch of haj pilgrims set to go

First batch of haj pilgrims set to go JAKARTA (JP): The first flight carrying Indonesians on the haj pilgrimage to Saudi Arabia was scheduled to take off late on Wednesday from Adisumarno Airport in Surakarta, Central Java.

Bomb hoax disrupts sports congress

Bomb hoax disrupts sports congress JAKARTA (JP): A bomb threat which turned out to be just a hoax interrupted the second day of the three-day national sports congress at the Hotel Mulia Senayan in Central Jakarta on Tuesday morning.

Awards conferred on 10 art figures

Awards conferred on 10 art figures YOGYAKARTA: The provincial administration has conferred awards upon ten notable figures for their outstanding contribution to arts and cultural development, Antara reported on Monday.

Timor Gap no bonanza: Downer

Timor Gap no bonanza: Downer SINGAPORE (AFP): Australian Foreign Minister Alexander Downer on Tuesday rejected fears of a Gulf-like scenario arising from any dispute over the potentially oil and gas rich Timor Gap area if East Timor becomes independent.

Civil servants to get 50 percent salary hike

Civil servants to get 50 percent salary hike JAKARTA (JP): The government and the House of Representatives agreed on Tuesday to revise the draft 1999/2000 state budget to allow for a 15 percent to 50 percent salary increase for civil servants and changes in other expenditures.

Recapitalized banks must focus on productive sectors

Recapitalized banks must focus on productive sectors NUSA DUA, Bali (JP): Recapitalized banks should focus on lending to productive sectors to help lift the country out of the present economic crisis, banker James T Riady said here on Tuesday.

A fair fiscal balance

A fair fiscal balance Like the bill on regional administration designed to give provinces and regencies more power over their political and administrative affairs, the draft legislation on striking a fiscal balance between the central government and local administrations aims at providing the...

Concerned Philippines wants venue for Davis Cup moved

Concerned Philippines wants venue for Davis Cup moved JAKARTA (JP): The Philippines, citing security concerns, has requested the International Tennis Federation (ITF) move its Davis Cup Asia Oceania Group Two match against Indonesia in April from Jakarta.

Farmer dies three days after winning award

Farmer dies three days after winning award JAKARTA (JP): A farmer from North Sumatra, recently honored by President B.J. Habibie for his success in promoting the agricultural intensification program, collapsed and died on Monday at Gambir Railway Station, Central Jakarta.

Two die, 129 infected in latest outbreak of dengue fever

Two die, 129 infected in latest outbreak of dengue fever JAKARTA (JP): Dengue fever has claimed two lives so far this year and 129 others have contracted the disease, an official of the city health agency said on Tuesday.

ASEM may stall without Myanmar

ASEM may stall without Myanmar HANOI (Reuters): Vietnam said on Tuesday that a planned European Union meeting with Southeast Asian countries would be shelved if Myanmar was not able to participate.Britain, Ireland, the Netherlands and several Scandinavian members of the EU have opposed granting a...

Lubis denies Sofyan named as a suspect

Lubis denies Sofyan named as a suspect JAKARTA (JP): The lawyer representing a businessman implicated in a bank credit scandal said his client, Sofyan Wanandi, could not be named a suspect because he had never been even questioned over the matter.

Corpses found in Malacca Strait

Corpses found in Malacca Strait PEKANBARU, Riau: A group of fishermen from Bagan Siapiapi, Bangko district in Bengkalis regency, found two male bodies floating near Halang Island in Malacca Strait, Antara reported on Tuesday.

Indonesian holidays a real bargain

Indonesian holidays a real bargain CANBERRA, Australia (AP): Australian tourists have been flocking to Indonesia to take advantage of bargain rates produced by the Asian economic crisis.The Australian Bureau of Statistics reported Tuesday that 323,500 visited Indonesia in the first 11 months of...

YPF-Maxus enjoys big output in SE Sumatra

YPF-Maxus enjoys big output in SE Sumatra JAKARTA (JP): Oil and gas company YPF-Maxus achieved on Tuesday a landmark in its operations in the country, reaching a cumulative output of one billion barrels of crude oil at its offshore block in Southeast Sumatra.

Teater Ketjil to perform 'Mega-Mega' at GKJ

Teater Ketjil to perform 'Mega-Mega' at GKJ JAKARTA (JP): Jajang C. Noer and her Teater Ketjil will perform Mega, Mega (Clouds) at Gedung Kesenian Jakarta from Wednesday through Saturday.The play was written by Jajang's late husband, Arifin C.

Australians told to invest in RI's agribusiness

Australians told to invest in RI's agribusinessBy Riyadi NUSA DUA, Bali (JP): Australian Minister for Agriculture, Fisheries and Forestry Mark Vaile has urged businesspeople from his country to take the lead in investing in Indonesia's agribusiness to help the latter recover from the crisis.

Indorayon stops production

Indorayon stops production JAKARTA (JP): Publicly listed PT Inti Indorayon Utama near Lake Toba in North Sumatra, has again stopped rayon and pulp production due to disruption of supplies and materials to its mills, the company's spokesman, Fatmin Prihatin Manalu said on Tuesday.