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Sat, 20 Nov 1999
Goldman Sachs Group launches an asset hunt in Asian region
Goldman Sachs Group launches an asset hunt in Asian region BANGKOK (Reuters): U.S. investment bank Goldman Sachs Group Inc is on a hunt for undervalued and recyclable assets across Asia as it seeks to plant its footprint in the region.
Sat, 20 Nov 1999
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 19, 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,100 75 2,013,000 AHAP Insurance 550 0 0 Alakasa Industrindo 650 125 131,000 Alter Abadi 475 25...
Sat, 20 Nov 1999
Abdurrahman to install new Army chief of staff
Abdurrahman to install new Army chief of staff JAKARTA (JP): President Abdurrahman Wahid will install Lt. Gen. Tyasno Sudarto as the new Army chief of staff on Saturday, Indonesian Military (TNI) spokesman Maj. Gen. Sudrajat said on Friday.
Sat, 20 Nov 1999
Conversion Rates
Conversion RatesBank Indonesia's conversion rates on Nov. 19, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 6,994.00 7,064.00Australian dollar 1 4,471.96 4,520.25Austrian schilling 1 523.88 529.63Belgian franc 1 178.70 180.66Brunei dollar 1 4,184.52 4,228.93Canadian dollar 1 4,768.
Sat, 20 Nov 1999
New military chief sets tough antidrug agenda
New military chief sets tough antidrug agendaSoldiers involved in drugs to be punished: Ryamizard JAKARTA (JP): Newly installed Jakarta Military commander Maj. Gen. Ryamizard Ryacudu vowed on Friday to take stern measures against any of his officers found guilty of trafficking and drug use.
Sat, 20 Nov 1999
Govt needs to come through on promises for autonomy
Govt needs to come through on promises for autonomy Economist Ken Thomas teaches Third World issues at La Trobe University in Melbourne, and has done research work on Indonesia since the early 1960s. He recently talked to The Jakarta Post in Melbourne on cries for self-determination in Indonesia.
Sat, 20 Nov 1999
No true preservation for Tugu
No true preservation for TuguBy Ida Indawaty Khouw The majority of Indonesians probably do not realize that the popular Keroncong music originated in North Africa, not Indonesia as is popularly held. Tugu, a small area in North Jakarta which has been designated a preservation site by the Jakarta...
Sat, 20 Nov 1999
Hamzah denies media reports of his resignation
Hamzah denies media reports of his resignation JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Hamzah Haz denied on Friday media reports saying he would quit the Cabinet.
Sat, 20 Nov 1999
World Bank to shift PNG, E. Timor office to Sydney
World Bank to shift PNG, E. Timor office to Sydney SYDNEY (Reuters): The World Bank said on Friday it will relocate its office covering operations in East Timor, Papua New Guinea and the Pacific islands from Washington to Sydney within six months.
Sat, 20 Nov 1999
ABN AMRO Account launched
ABN AMRO Account launched JAKARTA (JP): ABN AMRO Bank has launched a new product in rupiah and American dollar which it claims offers transactional convenience and the total flexibility of a savings account with the high returns of a time deposit.
Sat, 20 Nov 1999
Alwi reassures Malaysia over Gus Dur's comments
Alwi reassures Malaysia over Gus Dur's comments JAKARTA (JP): No disrespect intended, none taken.That was the conclusion of Foreign Minister Alwi Shihab after meeting on Friday with Malaysian Ambassador Rastam Mohammad Isa to discuss the meaning of an off-the-cuff statement made by President...
Sat, 20 Nov 1999
22 SMEs win approval to restructure debts
22 SMEs win approval to restructure debts JAKARTA (JP): Twenty-two small and medium enterprises (SMEs) with Rp 15.53 billion in outstanding debts have won approval from their respective creditors to restructure their debts.
Sat, 20 Nov 1999
INACA blasts government over new airlines
INACA blasts government over new airlines JAKARTA (JP): The Indonesian National Air Carriers Association (INACA) expressed concerns on Friday over the government's recent policy to award licenses to new scheduled airlines, describing it as an ill-timed move.
Sat, 20 Nov 1999
Military police await dossier on Lt. Agus
Military police await dossier on Lt. Agus JAKARTA (JP): City police dossiers detailing charges against the son of Army chief Gen. Subagyo Hadisiswoyo, Second Lt. Agus Isrok, who was arrested in August for drug possession, are yet to be handed over to city military police, an officer said on Friday.
Sat, 20 Nov 1999
Mob attacks dozens of houses
Mob attacks dozens of houses SEMARANG: Hundreds of unidentified people attacked 20 houses and a car in Lomanis village in the Central Java regency of Cilacap on Thursday night.No fatalities or injuries were reported in the unrest.Central Java Police spokesman Lt. Col.
Sat, 20 Nov 1999
Aspac outshines Panasia in their second meeting
Aspac outshines Panasia in their second meeting JAKARTA (JP): Andi Poejakusuma made one of two free throws in the final eight seconds to ice Aspac's 79-75 victory over Panasia Indosyntec in the sixth series of the 1999 A Mild Kobatama national basketball league at the Senayan basketball arena on...
Sat, 20 Nov 1999
Locals demand resolution of Maluku unrest
Locals demand resolution of Maluku unrest JAKARTA (JP): More than 50 Muslims and Christians from Maluku rallied at the House of Representatives to protest the government's sluggishness in resolving prolonged sectarian violence in the province.
Sat, 20 Nov 1999
HK firm to buy 25% of RI bank
HK firm to buy 25% of RI bank HONG KONG (Dow Jones): Citic Ka Wa Bank may acquire a 25 percent stake in Indonesia's Bank Century Intervest Corp., the Sing Tao Daily reported Friday.An official at Bank Century Intervest Sriyono said the acquisition will be finalized by the end of the year, the local...
Sat, 20 Nov 1999
Final touches made for NU congress
Final touches made for NU congress KEDIRI, East Java (JP): The finishing touches were made on Friday to the grand preparations for the start of the Nahdlatul Ulama (NU) congress, which will be opened on Sunday by it's chairman, Indonesia's President Abdurrahman Wahid.
Sat, 20 Nov 1999
L&M to buy RI's IT firm
L&M to buy RI's IT firm SINGAPORE (Dow Jones): Singapore's L&M Group Investments Ltd. is diversifying into the information technology sector by buying into an Internet service provider in Indonesia, the company said late Thursday.
Sat, 20 Nov 1999
Land clearance halts flood canal project
Land clearance halts flood canal project JAKARTA (JP): The plan to construct a flood canal in East Jakarta will not be realized because of difficulty in appropriating land for the Rp 1.9 trillion (US$271 million) project, an official said on Thursday.The head of the city's public works office, M.
Sat, 20 Nov 1999
U.S. sets tough terms for military aid
U.S. sets tough terms for military aidBy Yenni Djahidin WASHINGTON (JP): The U.S. House of Representatives on Thursday approved a bill that lays down strict terms for lifting U.S. military sanctions against Indonesia which were imposed in September over the East Timor crisis.
Sat, 20 Nov 1999
Home for the holidays?
Home for the holidays? Am I the only person angry at British Airways? Or are there more of us out there?In the past two years the service has deteriorated so much until now it is nonexistent.Try calling their number and you end up with Qantas and into the loop of "press number 2 for English or...
Sat, 20 Nov 1999
Kim says S. Korean financial crisis over
Kim says S. Korean financial crisis over SEOUL, South Korea (AP): President Kim Dae-jung said Friday that South Korea has fully overcome a foreign exchange crisis that hit in late 1997.It was the first time that Kim has boasted of a full victory over the financial crisis.
Sat, 20 Nov 1999
IBRA to decide on SCB deals for Bank Bali soon
IBRA to decide on SCB deals for Bank Bali soon JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Friday the fate of its management and investment agreements with Standard Chartered Bank (SCB) for Bank Bali would be known next week after the completion of the latter bank's...
Sat, 20 Nov 1999
Customs seizes protected items
Customs seizes protected items TANGERANG (JP): Soekarno-Hatta International Airport customs and excise officers handed over to the Ministry of Education 146 prehistoric items which they prevented from being smuggled out of the country.
Sat, 20 Nov 1999
Maelstrom facing Gus Dur's govt
Maelstrom facing Gus Dur's govtFrom Suara KaryaWhile the nation's new government is striving to carry out a series of measures in its reform agenda, we were suddenly surprised by the demand of Aceh to free itself from the Indonesian republic through a referendum.
Sat, 20 Nov 1999
Gus Dur's irreverent style
Gus Dur's irreverent style Speaking at the House of Representatives, Gus Dur (President Abdurrahman Wahid) managed to give a lighthearted touch to some serious problems. Gus Dur has managed to turn usually boring presidential speeches into eagerly awaited events.
Sat, 20 Nov 1999
Where to go in Jakarta: Saturday, Nov. 20, 1999
Where to go in Jakarta: Saturday, Nov. 20, 1999Festival November '99 * The festival features poetry, story readings, theaters, exhibitions, dances, and film, at Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta. - Exhibitions, at 10 a.m. to 9 p.m.
Fri, 19 Nov 1999
RI opens HK promotion center
RI opens HK promotion center JAKARTA (JP): The Indonesian Consulate General in Hong Kong said on Thursday it reopened the Indonesian Promotion Center after almost three and a half years of being closed.
Fri, 19 Nov 1999
Police urged to solve environmental crimes
Police urged to solve environmental crimes JAKARTA (JP): The chief of the National Police's forensics laboratory, Brig. Gen. Suwahyu, said here on Thursday that a major obstacle to solving environmental crimes was the police's lack of earnestness in dealing with such cases.
Fri, 19 Nov 1999
TNI in row over Aceh martial law
TNI in row over Aceh martial law JAKARTA (JP): A barrage of criticism was raised on Thursday in response to the Indonesian Military and National Police's proposal to impose limited martial law in Aceh, warning such a move could lead to further human rights violations.
Fri, 19 Nov 1999
Rudy Ramli files suit
Rudy Ramli files suit JAKARTA (JP): Former Bank Bali president Rudy Ramli lodged on Thursday a complaint against the chief integration officer of Standard Chartered Bank (SCB) and two Indonesian Banking Restructuring Agency (IBRA) executives for tarnishing his name in media reports, the city police...
Fri, 19 Nov 1999
Stock quotations on JSX
Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 18, 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,025 0 1,326,000 AHAP Insurance 550 0 0 Alakasa Industrindo 525 25 27,500 Alter Abadi 450 0...
Fri, 19 Nov 1999
Abdurrahman faults media for fueling rumor mill
Abdurrahman faults media for fueling rumor mill JAKARTA (JP): President Abdurrahman Wahid lashed out at the media on Thursday for the public craze of seeking the names of ministers investigated for alleged corruption, saying that he did not harbor suspicions about any of his aides.
Fri, 19 Nov 1999
IPTN's aircraft fails to take off
IPTN's aircraft fails to take off BANDUNG (JP): State aircraft manufacturer IPTN has halted its ambitious project to build a passenger jet due to financial difficulties, a company executive said here on Thursday.
Fri, 19 Nov 1999
Anwar Sierad restructuring debt
Anwar Sierad restructuring debt JAKARTA (JP): Publicly listed poultry company PT Anwar Sierad announced on Thursday that it expected to complete the restructuring of its US$160 million debt within the next three months.
Fri, 19 Nov 1999
Where to go in Jakarta: Friday, Nov. 19, 1999
Where to go in Jakarta: Friday, Nov. 19, 1999Festival November '99* The festival features poetry, story readings, theaters, exhibitions, dances, and film, at Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta. - Exhibitions, at 10 a.m. to 9 p.m.
Fri, 19 Nov 1999
Pertamina quadruples profit in 1998/99
Pertamina quadruples profit in 1998/99 JAKARTA (JP): State oil and gas company Pertamina almost quadrupled its consolidated net profit in the year ending March 31 to Rp 1.05 trillion (US$150.5 million) because of higher revenues from domestic and export sales of crude oil.
Fri, 19 Nov 1999
Int'l family planning conference closes
Int'l family planning conference closes KUTA, Bali (JP): The International Training Program for Family Planning/Reproductive Health closed here on Thursday with a call for participants to maintain a critical stance on their country's implementation of the program developed in Indonesia.
Fri, 19 Nov 1999
Asia braces as oil price surges to nine-year high
Asia braces as oil price surges to nine-year high SINGAPORE (Reuters): Asia is bracing for the impact of oil prices at nine-year highs amid fears they could go even higher.Key global producers Saudi Arabia, Venezuela and Mexico said on Wednesday they had no intention of relaxing a production-...
Fri, 19 Nov 1999
PABBSI hopes lifters get four Olympics tickets
PABBSI hopes lifters get four Olympics tickets JAKARTA (JP): The Indonesian Weightlifting, Powerlifting and Bodybuilding Association (PABBSI) hopes to send five of its lifters to the 2000 Olympic Games in Sydney.
Fri, 19 Nov 1999
32 killed in RP rebel war
32 killed in RP rebel war ZAMBOANGA CITY, Philippines (AP): About 30 Muslim separatist rebels and two government soldiers were killed in heavy fighting Thursday in the southern Philippines that threatened planned peace talks, officials said.
Fri, 19 Nov 1999
Aspac, Panasia claim wins in Kobatama sixth serie
Aspac, Panasia claim wins in Kobatama sixth serie JAKARTA (JP): League leaders Aspac and Panasia Indosyntec taught their rivals on Thursday a never-say-die spirit can be more important than strategy and skill.
Fri, 19 Nov 1999
Hanoi exports to ASEAN down
Hanoi exports to ASEAN down HANOI (Dow Jones): Vietnam's exports to ASEAN countries as a percentage of overall exports will fall next year as rice sales to Indonesia and the Philippines decline, the Vietnam Industry Times newspaper said Thursday.
Fri, 19 Nov 1999
RI faces dissolution threat
RI faces dissolution threat It's a long way from Berlin to Aceh, but as The Jakarta Post's Asia correspondent Harvey Stockwin made that mental journey recently, some provocative parallels came to mind. HONG KONG (JP): As the 10th anniversary of the destruction of the Berlin Wall by People Power was...
Fri, 19 Nov 1999
Maj. Gen. Djadja donates Rp 100 million to reporters
Maj. Gen. Djadja donates Rp 100 million to reporters JAKARTA (JP): The outgoing chief of the Jakarta Military Command, Maj. Gen. Djadja Suparman, donated on Thursday Rp 100 million to reporters covering the activities of the military command.
Fri, 19 Nov 1999
East Timorese leaders to visit Indonesia
East Timorese leaders to visit Indonesia UNITED NATIONS (Reuters): Nobel peace prize co-winner Jose Ramos-Horta said on Wednesday that he and East Timorese independence leader Xanana Gusmao would meet Indonesia's new president Abdurrahman Wahid in Jakarta on Nov. 30.
Fri, 19 Nov 1999
NU warned against turning its back on the grass roots
NU warned against turning its back on the grass roots JAKARTA (JP): The Nahdlatul Ulama (NU) will take on the psychological challenge of making a break from its charismatic, longtime leader Abdurrahman Wahid, observers said on Thursday.
Fri, 19 Nov 1999
Starting a new era
Starting a new era When President Abdurrahman Wahid announced the lineup of his National Unity Cabinet at the end of last month, many circles here were concerned that the House of Representatives would not be able to carry out its check-and-balance task because all political powers are represented...