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 246,918 articles

Dollar-rupiah band widening 'preemptive'

Dollar-rupiah band widening 'preemptive' TOKYO (Reuter): The widening of the dollar-rupiah band was a preemptive move, Indonesia's central bank Governor Soedradjad Djiwandono said here yesterday.Soedradjad said that with recent regional developments and currency volatility, widening the band was...

Repo pacts slower than other steps

Repo pacts slower than other steps TOKYO (Reuter): Bank Indonesia (central bank) governor Soedradjad Djiwandono said yesterday that Asian central banks had not used repurchase (repo) agreements to help the Thai central bank because they were slower than other measures.

U.S. to take up Myanmar issue at ASEAN forum

U.S. to take up Myanmar issue at ASEAN forum KUALA LUMPUR (AFP): U.S. Secretary of State Madeleine Albright plans to take up the "central issue" of Myanmar in talks with Southeast Asian foreign ministers here next week, a top U.S. official said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 15, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,175 0 48,000 AHAP Insurance 2,800 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,325 -50 9,331,500...

GT Petrochem gets loan

GT Petrochem gets loan JAKARTA (JP): PT GT Petrochem Industries, a diversified Indonesian petrochemical company, announced yesterday that it had secured US$300 million in syndicated loans from 22 international financial institutions.

Asrul wants to find time to write novels at 70

Asrul wants to find time to write novels at 70 JAKARTA (JP): Top Indonesian author Asrul Sani said yesterday that he planned to complete his biography this year and find time to write novels.Asrul launched two books to coincide with his 70th birthday yesterday.

Life insurance service

Life insurance service In 1992 my father was offered a life insurance policy by an agent of Dharmala Manulife Insurance Company. Considering the humanitarian function of the life insurance business, we agreed to take the policy at a cost of US$500,000.

Pickups available for rent under Slipi flyover

Pickups available for rent under Slipi flyoverBy Listiana Operananta JAKARTA (JP): If you pass under the Slipi flyover you might wonder why there are so many pickup trucks lined up. Is it a used-car lot? No, it's not -- it's a pickup rental area.

Nineteen die in mishap

Nineteen die in mishap MEDAN, North Sumatra: At least 19 people died when the Peldatari wooden boat, carrying about 200 passengers, sank Sunday in Lake Toba, Antara reported yesterday.The news agency quoted sources at the North Tapanuli police station as saying that bodies of 19 victims had been...

Cardin ventures Vietnam

Cardin ventures Vietnam HANOI (Reuter): French fashion house Pierre Cardin has taken a new partner to produce its shirts in Vietnam after sacking a state-owned firm for producing and selling fakes.Nguyen Du, Pierre Cardin's managing director for Indochina, said yesterday the company had withdrawn...

Troubled SE Asian currencies under attack again

Troubled SE Asian currencies under attack again SINGAPORE (Reuter): Beleaguered Southeast Asian currencies were sold heavily once again yesterday in another dramatic day of foreign exchange trading, traders said.

Train services

Train servicesFrom Sinar PagiSome time ago I wanted to buy a Jakarta-Surabaya ticket at Senen station in Central Jakarta.People were queuing in front of the ticket counter. I wanted to reserve a seat on the Ekonomi Gaya Baru train for July 16. A railway employee ordered me around.

Economists confident about rupiah

Economists confident about rupiah JAKARTA (JP): Economists are confident that Indonesia's economic fundamentals are strong enough to withstand speculative attacks on the rupiah.Chairman of the Association of Private National Banks' advisory board, I Nyoman Moena, said yesterday that unlike Thailand...

LRT systems for Bandung, Surabaya

LRT systems for Bandung, Surabaya JAKARTA (JP): Indonesia plans to build light rail transit (LRT) systems in Bandung, West Java, and Surabaya, East Java, to cope with the future transportation needs of the two cities.

Maid robbed of 5-gram necklace

Maid robbed of 5-gram necklace JAKARTA (JP): Eight unidentified men broke into a house on Jl. Pembangunan Dalam, in Gambir district, Central Jakarta, yesterday and made away only with a 5-gram gold necklace.

Protected forests under threat

Protected forests under threat SAMARINDA, East Kalimantan: More than 1.6 million hectares of forest in East Kalimantan remain under immediate threat despite being declared a conservation area.The provincial conservation and natural resources office's head, Ade H.

Sundanese couple wins lawsuit over marriage

Sundanese couple wins lawsuit over marriage JAKARTA (JP): A couple, who married in a traditional Sundanese ceremony last year, won their case yesterday against the East Jakarta civil registry office which had refused to recognize their marriage.

Indomobil boosts capacity amid growing demand

Indomobil boosts capacity amid growing demand JAKARTA (JP): PT Indomobil, the automotive division of the Salim group, is increasing its production capacity to anticipate a growing demand for cars and motorbikes on the domestic market,Company president director Soebronto Laras said yesterday the...

Mount Ijen closed to tourists

Mount Ijen closed to tourists JEMBER, East Java: Mount Ijen, one of East Java's most popular tourist attractions, remains closed because of high volcanic activity.Volcanic activity at the 2,400-meter-high mountain near Banyuwangi increased Friday with the local volcanic observatory recording 23...

Mandela's wit boosts RI-South Africa links

Mandela's wit boosts RI-South Africa links JAKARTA (JP): With witty eloquence, South African President Nelson Mandela charmed his audience at a state banquet here last night, adding an air of ease to a normally very formal affair.

Accor and Bhakti Mitra Wisata open hotel school

Accor and Bhakti Mitra Wisata open hotel school JAKARTA (JP): Hotel management group Accor Asia Pacific launched yesterday a new hotel training institution run in cooperation with local foundations.Accor training manager Monique Mager said the school, which does not yet have a name, was formed in...

BPN to issue property rights for cheap houses

BPN to issue property rights for cheap houses JAKARTA (JP): Minister of Agrarian Affairs/Chairman of National Land Agency (BPN) Soni Harsono said yesterday that buyers of inexpensive houses were allowed to receive property rights.

Tangerang's office project

Tangerang's office project JAKARTA (JP): Tangerang regency's new office project, currently being constructed in Tigaraksa, is expected to be completed by March next year.Tangerang regency's spokeswoman Ena Karlina was quoted by Kompas yesterday as saying that the construction of the project was...

Endorsable ticketing system runs smoothly

Endorsable ticketing system runs smoothly JAKARTA (JP): The endorsable ticketing system which allows passengers to use tickets from one airline on other carriers on the same domestic route is running smoothly despite a lack of comprehension, an executive said.

State presses for trial of African

State presses for trial of African JAKARTA (JP): A state prosecutor urged Central Jakarta District Court yesterday to try a Cameroonian soccer player who has been accused of swindling Rp 10 million ($4,200) from two Indonesians.

Education for the rich?

Education for the rich?From Pikiran RakyatI live in the West Java town of Sukabumi and like many parents of school-going children it is again time to pay our children's school fees.My child's marks are just below the required minimum for normal admission.

PDI wants fewer House commissions

PDI wants fewer House commissions JAKARTA (JP): The Indonesian Democratic Party (PDI), which won only 11 of the 425 House of Representatives seats contested in the May election, is seeking to reduce the number of House commissions to suit its tiny minority.

Regional cooperative alliance called for

Regional cooperative alliance called for JAKARTA (JP): Coordinating Minister for Production and Distribution Hartarto urged yesterday for the establishment of a strong network between cooperative movements and small and medium businesses in the Asia-Pacific region.

Mines and Energy Ministry told to follow rules

Mines and Energy Ministry told to follow rules JAKARTA (JP): Vice President Try Sutrisno told yesterday Ministry of Mines and Energy officials to be consistent in the way they promoted investment in the mines and energy sector.

Donetesk wins cities chess tourney

Donetesk wins cities chess tourney JAKARTA (JP): The Ukrainian city of Donetesk won the World Cities Chess Championships here with 29 Match Points (MP) after drawing with Vietnam's Ho Chi Minh City 2-2 in a last round match lasting just seven minutes yesterday.

Call for more AIDS awareness

Call for more AIDS awareness FAKFAK, Irian Jaya: The head of Irian Jaya's health office, Dr. Slamet H., called for greater public awareness yesterday to prevent the spread of the deadly AIDS virus.Slamet was quoted by Antara as saying that the province's number of AIDS (Acquired Immune Deficiency...

Army chief visits E. Timor

Army chief visits E. Timor DILI, East Timor: Army chief Gen. Wiranto arrived in Dili yesterday for a three-day working visit of Indonesia's youngest province.During his stay here, Wiranto will meet village chiefs and community leaders. He is also scheduled to meet provincial military commander Col.

SE Asian palm oil prices seen weak on production rise

SE Asian palm oil prices seen weak on production rise KUALA LUMPUR (Reuter): Southeast Asian palm oil prices are likely to be weak this week as rising production continued to run ahead of demand, regional traders said.

Six Indonesians in 'Forbes' top 200

Six Indonesians in 'Forbes' top 200 NEW YORK (Agencies): The Wonowidjojo family, owner of Gudang Garam cigarette giant, is one of six Indonesians listed in this year's Forbes' world's top 200 billionaires, AP reported yesterday.The magazine put the family's net asset at $7.

Pedicab drivers protest on Surabaya streets

Pedicab drivers protest on Surabaya streets SURABAYA (JP): Five thousand pedicabs drove through the city's thoroughfares yesterday, carrying banners and posters to protest traffic rules that restrict their areas of operation.

Reviewing TV bill

Reviewing TV bill The government's decision to send the broadcasting bill back to the House of Representatives, which endorsed it in December, is strange and unprecedented. Only the prompt explanations by Minister/State Secretary Moerdiono and the new Minister of Information Hartono helped to keep...

Australia's BHP Steel plans to buy Krakatau Steel shares

Australia's BHP Steel plans to buy Krakatau Steel shares JAKARTA (JP): Melbourne-based The Broken Hill Proprietary Company Ltd's (BHP) steel division BHP Steel is considering buying shares in state-owned Krakatau Steel, a company representative said yesterday.BHP Indonesia president Colin E.

State banks' outlook

State banks' outlook HONG KONG (Reuter): Moody's Investors Service said yesterday it was revising its ratings outlook for Indonesia's state banks to uncertain from stable pending a decision on planned mergers among the seven institutions.

Container problem at Tanjung Priok easing

Container problem at Tanjung Priok easing JAKARTA (JP): Container clearance from Tanjung Priok port has significantly improved since the free-of-charge container waiting time was reduced at the port, Minister of Transportation Haryanto Dhanutirto said yesterday.

The Asian success story

The Asian success story The following is a revised paper by Budiawan presented at a recent workshop on Contemporary Southeast Asia and its Studies, held by the Institute of Southeast Asian Studies & Southeast Asian Studies Program, National University of Singapore.

Bakrie to control Inovax

Bakrie to control Inovax PERTH (Reuter): Drug maker and distributor Inovax Ltd said yesterday that a consortium led by Indonesia's Bakrie Group was expected to have majority control of the company once an acquisition was completed later this calendar year.

JSX must boost capital mart promotion

JSX must boost capital mart promotion JAKARTA (JP): Jakarta Stock Exchange (JSX) management should be more aggressive in its promotion of the capital market to the public, a senior analyst said yesterday.A capital market analyst, E.A.

Indonesia deports 11 Taiwanese women

Indonesia deports 11 Taiwanese women JAKARTA (JP): The immigration directorate general deported 11 Taiwanese women yesterday for violating immigration regulations by working illegally as karaoke guides, an official said.

ASEAN 'stays out of Cambodia'

ASEAN 'stays out of Cambodia' JAKARTA (JP): Indonesian foreign minister Ali Alatas stressed yesterday that the ASEAN ministerial team set to meet Cambodian leaders does not intend to interfere in Cambodia's internal affairs but hopes to avert rising tensions which could destabilize the region.

Forum set up to find presidential candidate

Forum set up to find presidential candidate JAKARTA (JP): A group of government critics formed an independent forum yesterday with the main aim of preparing an alternative candidate for the 1998-2003 presidency.

Finance Minister approves Bank Arta Prima acquisition

Finance Minister approves Bank Arta Prima acquisition JAKARTA (JP): Minister of Finance Mar'ie Muhammad has approved the Artha Graha group's acquisition of scandal-plagued Bank Arta Prima despite a lawsuit from former owners the Gunung Agung group.

RI officials meet with CGI in Tokyo

RI officials meet with CGI in Tokyo TOKYO (Reuter): Senior officials from Indonesia are in Japan to attend a two-day meeting in Tokyo hosted by the World Bank to set an amount for loans to that country, an Indonesian embassy spokeswoman said yesterday.

5 brokerage campanies suspended

5 brokerage campanies suspended JAKARTA (JP): The Capital Market Supervisory Agency temporarily suspended yesterday five brokerage companies for their poor performance.The agency said that the five companies, PT Artha Adya, PT Creative Securities, PT Danagajah Sakti, PT Pancasumber Dhanamandiri and...

Six Indonesians are 'very rich'

Six Indonesians are 'very rich' WASHINGTON (Agencies): Indonesia with a per capita income of US$1,150 is home for six of the 200 richest people in the world which appear in the July 28 issue of the U.S. magazine Forbes.

Youth Forum's role

Youth Forum's roleFrom MerdekaAs a social youth organization, Youth Forum has to play a moral role in national development. That moral obligation should be reflected in everyday activities. In this way, older folks must not be suspicious of the Youth Forum and should give them an opportunity to do...