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Wed, 27 Jan 1999
House to decide on Caltex's oil contract in two weeks
House to decide on Caltex's oil contract in two weeks JAKARTA (JP): The House of Representatives promised on Tuesday to make a decision in two weeks on the status of the development of the Coastal Plains Pekanbaru (CPP) oil block in Riau after the contract of PT Caltex Pacific Indonesia expires in...
Wed, 27 Jan 1999
Man jailed for forging money
Man jailed for forging money TANGERANG (JP): Tangerang District Court sentenced a man to three years and four months in jail on Monday for forging Rp 50,000 bank notes worth nearly Rp 5 billion (US$588,235).
Tue, 26 Jan 1999
No reason for flare-up in S'pore ties, KL says
No reason for flare-up in S'pore ties, KL says KUALA LUMPUR (Reuters): Malaysia said on Monday ties with Singapore had improved after hitting a bad patch last year and it saw no reason for another flare-up owing to a lingering dispute over a railway station.
Tue, 26 Jan 1999
Govt review forest management
Govt review forest management JAKARTA (JP): The government is studying the possibilities of establishing an umbrella forestry organization or empowering existing state timber firms to represent the government in issuing forestry licenses to private firms.
Tue, 26 Jan 1999
Tax incentives offered to new investors
Tax incentives offered to new investors JAKARTA (JP): The Indonesian government is offering new investors in pioneering industries income tax holidays of up to eight years in a new bid to boost investment in the country.The additional tax facilities are laid out in Presidential Decree No.
Tue, 26 Jan 1999
Donor country support hinges on reform program
Donor country support hinges on reform program JAKARTA (JP): The international community will continue to provide financial support for Indonesia only if the government consistently implements its reform program within a framework of sound macroeconomic policy, the Consultative Group on Indonesia...
Tue, 26 Jan 1999
RI bridge team wins world GP
RI bridge team wins world GP JAKARTA (JP): The Indonesian bridge team made a triumphant start to the 1999 season by winning the World Grand Prix Championship in Bombay, India over the weekend.Fielding its best pairs of Henky Lasut/Eddy Manoppo, Denny Sacul/Franky Karwur and Taufik Asbi/Noldy...
Tue, 26 Jan 1999
S. Korean steel giant scraps Indonesian facility expansion
S. Korean steel giant scraps Indonesian facility expansion SEOUL (AFP): South Korean steel giant Pohang Iron and Steel Co. (POSCO) on Monday unveiled a drastic cut in facilities at home and abroad to bolster its competitive edge.
Tue, 26 Jan 1999
Indonesia wants hihger royalties from Freeport
Indonesia wants hihger royalties from Freeport JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Monday that the government was seeking to obtain higher royalties from copper and gold producer PT Freeport Indonesia.
Tue, 26 Jan 1999
RI mulls putting Xanana under house arrest
RI mulls putting Xanana under house arrest JAKARTA (JP): Responding to both local and international appeals, Minister of Foreign Affairs Ali Alatas said on Monday the government continued to study the possibility of house arrest for jailed East Timorese rebel leader Jose Alexandre "Xanana" Gusmao.
Tue, 26 Jan 1999
Semblance of calm returns to Ambon
Semblance of calm returns to Ambon JAKARTA (JP): A semblance of calm returned on Monday to riot- torn Ambon, capital of the province of Maluku even as troops continued to patrol areas affected by days of communal clashes that killed at least 50 people last week.
Tue, 26 Jan 1999
Regional currencies bank in trouble
Regional currencies bank in trouble SINGAPORE (Dow Jones): Fresh fears that China may devalue the yuan sparked a renewed sell-off in Southeast Asian currencies on Monday, pushing both the Singapore dollar and the Indonesian rupiah to their lowest levels against the U.S. dollar since early October.
Tue, 26 Jan 1999
Qantas shows the way to excitement and fun
Qantas shows the way to excitement and fun As the internationally recognized flag carrier of Australia, Qantas Airways has a long and proud tradition in getting both Australians and overseas guests to the land "down under".
Tue, 26 Jan 1999
Megawati installs R&D staff to support candidacy
Megawati installs R&D staff to support candidacy JAKARTA (JP): Megawati Soekarnoputri has installed a number of prominent figures including Frans Seda in posts in her party's research and development center to prepare for her presidential candidacy.
Tue, 26 Jan 1999
Japan trade surplus up 40% but seen peaking
Japan trade surplus up 40% but seen peaking TOKYO (Reuters): Japan's trade surplus jumped 40 percent to a record high of 13.99 trillion yen (US$122.72 billion) in 1998 and posted an unexpectedly large 14.4 percent rise in December as the weak domestic economy caused imports to slump.
Tue, 26 Jan 1999
Asian markets down on Chinese fears
Asian markets down on Chinese fears SINGAPORE (Agencies): Nervous Asian stock markets slid on Monday, shaken by speculation that China might devalue its yuan and by losses on Wall Street.The only major exception was Tokyo, where growing optimism over Japan's debt-laden banking sector steadied...
Tue, 26 Jan 1999
Criminals take refuge in damaged buildings
Criminals take refuge in damaged buildings JAKARTA (JP): Many deserted buildings, damaged or burnt during last May's riots, are being used by street criminals as their hideouts, a police officer said on Monday.Jakarta Police spokesman Lt. Col.
Tue, 26 Jan 1999
Floods hits W. Nusa Tenggara
Floods hits W. Nusa Tenggara MATARAM, West Nusa Tenggara: Three bridges were damaged, and 100 houses and 300 hectares of shrimp ponds in Sekotong subdistrict were inundated when floods hit the provincial capital here on Monday.
Tue, 26 Jan 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Jan. 25, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,150.00 9,300.00 9,150.00 9,350.00 Austrian schilling 1 770.05 786.49 Australian dollar 1 5,702.15 5,935.15 5,685.00 5,985.00 Belgian franc 1 262.67 268.
Tue, 26 Jan 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 25, 1999: ----------------------------------------------------------- Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 325 -75 309,500 AHAP Insurance 400 0 0 Alter...
Tue, 26 Jan 1999
Laying the blame
Laying the blame Thailand, South Korea and especially Indonesia should not resort to complacency after the International Monetary Fund (IMF) admitted last week to errors in its handling of their economic crises.
Tue, 26 Jan 1999
Police detain provocateurs
Police detain provocateurs KUPANG, East Nusa Tenggara: The East Nusa Tenggara Provincial Police have arrested a number of people allegedly involved in rioting that gripped here on Nov. 30 and Dec. 1 last year, Antara reported on Monday.
Tue, 26 Jan 1999
Myanmar leader to visit Thailand
Myanmar leader to visit Thailand BANGKOK (AFP): Myanmar junta leader Senior General Than Shwe will visit Thailand next month for talks with Thai Prime Minister Chuan Leekpai, a Thai official said on Monday.
Tue, 26 Jan 1999
Britain underwrites exports
Britain underwrites exports LONDON (AFP): The British government on Monday moved to encourage small-scale trade with Indonesia with a pledge to underwrite export contracts, a year after private insurers pulled out in the face of economic and civil turmoil there.
Tue, 26 Jan 1999
Govt to issue ruling on civil servants rights today
Govt to issue ruling on civil servants rights today JAKARTA (JP): The government is set to issue on Tuesday a decree that will "ensure" civil servants' neutrality. The ruling, a result of weeks of haggling among House factions, will end once and for all the deadlocked deliberation on the political...
Tue, 26 Jan 1999
Potential exportiers ripped off
Potential exportiers ripped offBy Inghie Kwik JAKARTA (JP): The business environment in Indonesia can be described as a giant jelly that traps wealthy businesspeople but sucks out any business ethics, integrity, honesty and morality that they possess.
Tue, 26 Jan 1999
Changing our lifestyle
Changing our lifestyle The core of Indonesia's foreign debt problem is in reality not so different from that which affects debtor-creditor relations in general. The creditors (donor countries) begin by considering a number of aspects related to the debtor (receiving countries), such as the...
Tue, 26 Jan 1999
Religious leaders call for unity and solidarity
Religious leaders call for unity and solidarity JAKARTA (JP): Prominent religious leaders and scholars gathered on Monday to mourn recent outbreaks of violence that had claimed many lives, and to make an appeal that it end with last week's unrest in Ambon.
Tue, 26 Jan 1999
Telstra sticks by MGTI through tough year
Telstra sticks by MGTI through tough year The year 1998 was a tough year in many sectors of the Indonesian economy and telecommunications was no exception.Telstra, as a shareholder in the Central Java KSO operator, Mitra Global Telekomunikasi Indonesia (MGTI), has been working with its main...
Tue, 26 Jan 1999
Rupiah plunges to 9,475 as stocks fall nearly 5 percent
Rupiah plunges to 9,475 as stocks fall nearly 5 percent JAKARTA (JP): The country's financial market succumbed on Monday, after one week off, with the rupiah plunging to an intraday low at 9,475 against the U.S. dollar and stocks tumbling nearly five percent.
Tue, 26 Jan 1999
PPP casts session off course
PPP casts session off course JAKARTA (JP): The United Development Party (PPP) legislators on Monday abandoned a tough session in the deliberation of the political bills, which again saw factions undecided over issues of the Armed Forces' (ABRI) unelected House seats, electoral districts and the...
Tue, 26 Jan 1999
ANZ Panin Bank, the opportunities ahead
ANZ Panin Bank, the opportunities ahead Many economists paint a gloomy picture for Indonesia in 1999. They say the country is at a political crossroads, and things will be extremely tough economically. The banking sector is in turmoil and yet remains the catalyst for any renewed business activity.
Tue, 26 Jan 1999
Bank recapitalization: Waiting for miracles
Bank recapitalization: Waiting for miracles The government is trying to salvage the banking industry through a recapitalization program but economist Kwik Kian Gie anticipates the impossibility of its success.
Tue, 26 Jan 1999
Regents to get more say in state spending
Regents to get more say in state spending JAKARTA (JP): President B.J. Habibie on Monday issued a decree that will alter the long-standing centralization of power and give regional officials greater authority in major development projects.The ruling will come into effect on April 1.
Tue, 26 Jan 1999
200,000 newcomers to enter city
200,000 newcomers to enter city JAKARTA (JP): The number of newcomers entering the capital along with millions of residents returning home after the Idul Fitri holiday is expected to reach 200,000, a fall from an estimated 225,000 who arrived here in the corresponding period last year, an official...
Tue, 26 Jan 1999
India-Indonesia trade and economic cooperation
India-Indonesia trade and economic cooperation Trade between India and Indonesia has grown significantly since the early 1990s. From around US$280 million in 1991, the volume crossed the $1 billion mark in 1996 to reach approximately $1.4 billion.
Tue, 26 Jan 1999
Officials lured by car scam
Officials lured by car scam JAKARTA (JP): Many of the city's 265 subdistrict heads have received calls from unidentified parties asking the officials to send them Rp 3 million in exchange for a car, an official said on Monday.
Tue, 26 Jan 1999
Indofood to change status to foreign firm
Indofood to change status to foreign firm JAKARTA (JP): Shareholders of food giant PT Indofood Sukses Makmur approved on Monday the sale of a majority stake to overseas interests, changing its status into that of a foreign investment company.
Tue, 26 Jan 1999
Australia-RI relations stronger in storm of crisis
Australia-RI relations stronger in storm of crisis Political and economic changes put to the test the strongest of diplomatic relations.Governments come and go, leaders assumed to be assured lengthy terms in office suddenly find themselves ousted and the dynamics of relations shift inexorably.
Tue, 26 Jan 1999
Cogeneration plant project free from collusion: Caltex
Cogeneration plant project free from collusion: Caltex JAKARTA (JP): Oil company PT Caltex Pacific Indonesia has denied that it had formed a partnership with a company partly owned by a foundation linked with former state oil and gas company Pertamina's president Faisal Abda'oe to develop a US$190...
Tue, 26 Jan 1999
Wiranto meets opposition to control unrest: Marzuki
Wiranto meets opposition to control unrest: Marzuki JAKARTA (JP): General Wiranto's meeting on Sunday with opposition figures including Abdurrahman Wahid and Amien Rais was part of the former's campaign to mobilize support in confronting "the pro-status quo elements" now wreaking havoc in the...
Tue, 26 Jan 1999
Amien proposes ABRI has 15 House seats
Amien proposes ABRI has 15 House seats JAKARTA (JP): Amien Rais is again calling for the Armed Forces (ABRI) to be given only 15 unelected, nonvoting seats in the House of Representatives.Amien, the chairman of the National Mandate Party (PAN), conceded it was likely that House factions would agree...
Tue, 26 Jan 1999
Record set for rope jumping
Record set for rope jumping BANDUNG (JP): At 45 years old, Ashrita Furman showed he could rival the world's fittest athletes in a test of endurance after he skipped for over 130,000 beats here over the weekend.
Tue, 26 Jan 1999
Warring villages asked to calm down
Warring villages asked to calm down WAIKABUBAK, East Nusa Tenggara: Governor Piet A. Tallo has asked the residents of two warring villages in Sumba to cease hostilities which first erupted here on Nov. 5 last year.
Tue, 26 Jan 1999
Military 'handcuffed' by fear of rights abuse
Military 'handcuffed' by fear of rights abuse JAKARTA (JP): The fear of being accused of violating human rights deters security personnel from forcefully handling unrest and acting on other crimes, a senior researcher from the state military think tank said on Monday.
Tue, 26 Jan 1999
'RRI' receives bomb threat
'RRI' receives bomb threat JAKARTA (JP): Scores of officers from the National Police's bomb squad were hastily deployed to state Radio Republik Indonesia (RRI) in Central Jakarta following a bomb threat at the eight-story building on Monday evening.
Tue, 26 Jan 1999
Food prices fluctuate after festive season
Food prices fluctuate after festive season JAKARTA (JP): Prices of several basic food commodities in traditional markets have headed in different directions since the Idul Fitri holiday due to problems in supply.
Tue, 26 Jan 1999
Bakrie gets debt workout
Bakrie gets debt workout JAKARTA (JP): Conglomerate PT Bakrie & Brothers has reached an agreement with 300 foreign creditors to restructure its offshore debt, a news report said.Business Week reported on Saturday that based on a 7 Jan.
Tue, 26 Jan 1999
Aceh deserves a rational settlement
Aceh deserves a rational settlement The shots echoing in Aceh signify for many the beginning of the end of reform in the province and a return to the past military operation zone status. Are these tears justified? In my opinion, the democratic movement is not yet doomed.
Tue, 26 Jan 1999
Greenpeace warns against garbage
Greenpeace warns against garbage MANILA (AFP): Global environment watchdog Greenpeace International warned the Philippine government on Monday against using incinerators amid a garbage crisis."No province or community should serve as a dump site or a toxic sacrifice zone for the disposal of metro...