Archive: 12 January 1998
63 articles found
Mon, 12 Jan 1998, 00:00 WIB
Here's a way to make your new hardware talk to the system
Here's a way to make your new hardware talk to the system By Zatni Arbi JAKARTA (JP): Last week, as I was reviewing the delectable SCENIC Multimedia eXtension Board (MXB) from Siemens Nixdorf, I inadvertently left you with a small puzzle. I just told you that, without any warning, the SNI PCI TV suddenly loaded without crashing the system. One of my esteemed readers has reminded me about it and asked me what I actually did to coerce the board to finally work.
Mon, 12 Jan 1998, 00:00 WIB
Cohen arrives in KL on 1st leg of East Asian tour
Cohen arrives in KL on 1st leg of East Asian tour KUALA LUMPUR (AFP): U.S. Defense Secretary William Cohen arrived here yesterday at the start of an 11-day Asian tour aimed at reassuring the region of support in tough times and urging them towards the "responsible" handling of labor unrest.
Mon, 12 Jan 1998, 00:00 WIB
Central bank chief to resign
Central bank chief to resign MANILA (AFP): Central Bank of the Philippines governor Gabriel Singson on Saturday offered to resign after some legislators said they would investigate him for failing to halt the fall of the peso against the dollar. "If they want I will resign. We will have to look for a miracle worker who can do a miracle to solve this problem. Gladly I will give way," Singson said in a radio interview. "If there is one who can solve the problem ...
Mon, 12 Jan 1998, 00:00 WIB
Angry mob burn motorcycle
Angry mob burn motorcycle JAKARTA (JP): A crowd of angry residents in Jatipadang, South Jakarta burned a motorcycle yesterday morning after its driver recklessly ran into a local boy, police said. A Jatipadang police officer said the unidentified driver immediately ran away from the scene after he hit the 11-year-old Erdispan. The boy was rushed to the Fatmawati Hospital and is being treated for head injuries. "The boy and some friends were strolling along Jl.
Mon, 12 Jan 1998, 00:00 WIB
Logica opens RI office
Logica opens RI office JAKARTA (JP): Logica, an international computer consultancy, system integration and software company, will open a new office in Jakarta and intends to hire more than 30 people by July this year, the company said Saturday. The company's regional managing director Peter van Es said that Indonesia represented a substantial market in South Asia for Logica.
Mon, 12 Jan 1998, 00:00 WIB
TBBA's profit falls 33%
TBBA's profit falls 33% JAKARTA (JP): State coal producer PT Tambang Batubara Bukit Asam (TBBA) booked a Rp 59.86 million (US$7.48 million) net profit after tax last year, falling sharply by 33 percent from Rp 89.31 billion in 1996. The company's president, R.A Sunardi, said in Tanjung Enim, South Sumatra, that the decline of the company's profit was due the currency turmoil and various internal and external factors, including the weakness of its management.
Mon, 12 Jan 1998, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Painting Exhibition: Kumuh by Margono at Galeri Cipta III, Taman Ismail Marzuki Arts Center, Jl. Cikini Raya 73, Central Jakarta, 10 a.m. to 9 p.m., until Jan. 18. * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, Sunday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until Jan. 29.
Mon, 12 Jan 1998, 00:00 WIB
USDA aides to travel to Asia next week
USDA aides to travel to Asia next week WASHINGTON (Reuters): Top U.S. Agriculture Department officials will visit a number of financially-troubled Asian nations next week to get a first-hand view of current prospects for U.S. agricultural exports. Foreign Agricultural Service Administrator Lon Hatamiya, now in his fourth month on the job, is scheduled to arrive Tuesday in Thailand.
Mon, 12 Jan 1998, 00:00 WIB
Games preparations behind schedule
Games preparations behind schedule BANGKOK (AFP): Several sports complexes being built in Bangkok for the 13th Asian Games in December have fallen behind schedule and may not be finished before the March deadline, reports said yesterday. Coming after Wednesday's cut in the games' operating budget, the latest news is yet another setback for the event which has been plagued by political wrangling and cost blowouts amid Thailand's economic crisis.
Mon, 12 Jan 1998, 00:00 WIB
Solving monetary crisis
Solving monetary crisis Since mid-July 1997 our beloved country has been undergoing a monetary crisis. This crisis, which has come after a number of disasters, natural or otherwise, such as forest fires, air, sea and land transportation accidents, drought and starvation (in some parts of Indonesia), has as its immediate impact the closing and bankruptcy of companies with the result that thousands (or, perhaps, millions) of our fellow countrymen have to be laid off.
Mon, 12 Jan 1998, 00:00 WIB
IMF applies inept conditions to Asia: Critics
IMF applies inept conditions to Asia: Critics HONG KONG (Reuters): Asian critics of the International Monetary Fund were gathering steam as the economic crisis intensified over the weekend, hitting out at conditions attached to aid packages that were not working. "The IMF's position is to give an aspirin for every ailment," said Ajay Kapur, regional strategist at UBS Securities. "They dug into their little medicine kit and started handing out aspirins.
Mon, 12 Jan 1998, 00:00 WIB
Number of Indonesians traveling abroad rises
Number of Indonesians traveling abroad rises JAKARTA (JP): The number of Indonesians going abroad through Soekarno-Hatta International Airport rose to 98,000 in December from an average of 84,000 per month in the first half of last year, an official said over the weekend. The spokesman for the Directorate General of Immigration, Mursanuddin A. Ghani, said Saturday that despite the current monetary crisis, the number of Indonesians leaving from Soekarno- Hatta was constantly rising.
Mon, 12 Jan 1998, 00:00 WIB
IMF team here to help defuse crisis
IMF team here to help defuse crisis JAKARTA (JP): A team from the International Monetary Fund (IMF) began talks with Indonesian economic ministers yesterday shortly after arriving here to help defuse the country's economic crisis. The delegation, led by First Deputy Managing Director Stanley Fischer, indicated there was some way to go in resolving the country's financial crisis.
Mon, 12 Jan 1998, 00:00 WIB
U.S., IMF press Indonesia to reform amid Asian crisis
U.S., IMF press Indonesia to reform amid Asian crisis WASHINGTON (AFP): The United States and IMF redoubled pressure Friday on Indonesia to reform its troubled financial system as fears of a total economic collapse there sent global markets into a tailspin. On Wall Street, the Dow Jones index closed 222.20 points or 2.8 percent lower in heavy trading Friday at 7,580.42, after falling to a low of 7,527. 35, while the tech-heavy NASDAQ dropped 52.35 to 1,503.19.
Mon, 12 Jan 1998, 00:00 WIB
Why not a dialog?
Why not a dialog? The current economic crisis, which is becoming worse and worse by the day, is concerning not only the authorities but also people of all walks of life. The troubles look more critical considering the aging national leadership and the absence of a clear picture of how a change of guard might be effected. The government has worked hard to try to overcome the crisis and the International Monetary Fund (IMF) has tried to rescue our economy.
Mon, 12 Jan 1998, 00:00 WIB
Roadworks to commence
Roadworks to commence JAYAPURA, Irian Jaya: The National Development Planning Board (Bappenas) has allocated Rp 266.666 million to assist in infrastructure construction in the province. "The funds will be allocated for projects in three districts, Jayawijaya, Merauke, and Puncak Jaya, all of which have suffered throughout the drought," a local official of the Coordinating Force for Disaster Prevention, Sam Leimena, said here Friday.
Mon, 12 Jan 1998, 00:00 WIB
Official visits troubled Thai Binh
Official visits troubled Thai Binh HANOI (AFP): A member of Vietnam's ruling politburo has visited the troubled central province of Thai Binh, which was rocked by violent demonstrations last year, the official Nhan Dan newspaper reported yesterday. Pham The Duyet, chairman of a high-level government committee, traveled to Quynh Phu district, which was hit by protests against corrupt local officials and falling incomes in May and June.
Mon, 12 Jan 1998, 00:00 WIB
Loggers cancel demonstration
Loggers cancel demonstration PANGKALAN BUN, C. Kalimantan: Thousands of traditional loggers here canceled Saturday their plan to stage a demonstration at the local legislative assembly building over the government policy on logging, Antara reported. The loggers dispersed after security authorities picked up four people believed to be the mastermind of the aborted demonstration.
Mon, 12 Jan 1998, 00:00 WIB
Backsliding on reforms 'could cause depression'
Backsliding on reforms 'could cause depression' JAKARTA (JP): Indonesia's most senior economist Sumitro Djojohadikusumo has warned that the country may plunge into a prolonged depression if economic and political reforms are not implemented firmly and consistently.
Mon, 12 Jan 1998, 00:00 WIB
CPO policy shows 'inconsistency'
CPO policy shows 'inconsistency' By Johannes Simbolon JAKARTA (JP): The government's move to ban the export of all crude palm oil (CPO) products for three months, until March, to stabilize the price of cooking oil in the domestic market has drawn criticism from observers. The Center for Agricultural Policy Studies' executive director, H.S. Dillon, said the policy was made by the government merely as a short-term solution.
Mon, 12 Jan 1998, 00:00 WIB
Megawati censures govt for immature political system
Megawati censures govt for immature political system JAKARTA (JP): Megawati Soekarnoputri, in her address commemorating the Indonesian Democratic Party's (PDI) 25th anniversary, censured the government for failing to develop an accountable political system which she said had crippled the growth of other political parties. "After a quarter of a century in existence, I can candidly say that up to this very second, PDI has yet to mature and grow. Why is this?
Mon, 12 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Monday Maghrib 6:17 p.m. Tuesday Imsak 4:15 a.m. Subuh 4:25 a.m.
Mon, 12 Jan 1998, 00:00 WIB
IPTN to go ahead with passenger jet project
IPTN to go ahead with passenger jet project JAKARTA (JP): State aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) has said it will go ahead with its plan to build Indonesia's first passenger jet despite the current monetary crisis. IPTN chief project officer Ilham Akbar Habibie said in Bandung Friday that there was no reason to delay the US$2 billion N-2130 jet program which began in 1994. "We will continue this project.
Mon, 12 Jan 1998, 00:00 WIB
BI governor must be responsible
BI governor must be responsible One of The Jakarta Post's headlines on Dec. 30, 1997, was Ex BI directors formally charged. So far, only three of four removed directors have been questioned by police because the fourth one was still in Australia. I don't know how many directors are on Bank Indonesia's payroll. I think there is something wrong with this bank's management.
Mon, 12 Jan 1998, 00:00 WIB
Austerity alone will not rescue Malaysia
Austerity alone will not rescue Malaysia When it first became clear last summer that no country in Southeast Asia was immune to the currency turmoil, economists and politicians in the region had a hard time grasping the true nature of the problem. Optimists insisted that the downward trend was merely a temporary glitch in the onward march of the region's economies.
Mon, 12 Jan 1998, 00:00 WIB
S. Koreans should remain wary despite debt progress
S. Koreans should remain wary despite debt progress SEOUL (Reuters): South Koreans should not let down their guard despite signs that the country's massive debt crisis may be easing, analysts said yesterday. "South Korea is still a sick patient in need of intensive care," said Kim Se-jin, research fellow at the Korea Economic Research Institute.
Mon, 12 Jan 1998, 00:00 WIB
CalEnergy protests project cancellation
CalEnergy protests project cancellation JAKARTA (JP): The United States giant power company CalEnergy International protested yesterday the government's latest decision to put on hold its power project in Patuha, West Java. "CalEnergy International and Patuha Power are gravely disappointed with the lack of transparency in the government process review (which leads to putting on hold the Patuha power project)," chief operating officer of CalEnergy Asia Donald M.
Mon, 12 Jan 1998, 00:00 WIB
Concrete measures
Concrete measures The Washington Post reported yesterday (Thursday) that an (unnamed) International Monetary Fund official had expressed his dissatisfaction over the economic reform measures taken by the Indonesian government. The international monetary institution reportedly considered Indonesia to be lacking in sincerity in its efforts to improve the country's economy.
Mon, 12 Jan 1998, 00:00 WIB
Villagers protest election foul play
Villagers protest election foul play PATI, Central Java: Hundreds of villagers staged a rally in front of the local legislative council Friday in protest of alleged foul play during the recent election of a village chief, Antara reported. Two members of the group were received by the head of the council, Soebowo, who promised to investigate the allegation.
Mon, 12 Jan 1998, 00:00 WIB
Alleged hoodlum found dead
Alleged hoodlum found dead JAKARTA (JP): A notorious conman and hoodlum was found dead yesterday morning hanging from a set of parallel bars in a park in front of the private PSKD school complex in Melawai district, South Jakarta, police said. City Police spokesman Lt. Col. E. Aritonang yesterday identified the victim as Udin Pe'a, 43, a former hoodlum who had served several jail terms for various crimes, particularly theft.
Mon, 12 Jan 1998, 00:00 WIB
U.S. support of Asia's economy faces Congress
U.S. support of Asia's economy faces Congress WASHINGTON (Reuters): The Clinton administration's support of international efforts to bail out Asia's ravaged economies will face a major test in Congress later this month, a senior Republican senator predicted on Saturday. "I think that Congress will have, as we should have, some very real reservations and will want to ask some probing questions," Sen. Alfonse D'Amato said in a television interview.
Mon, 12 Jan 1998, 00:00 WIB
Amien, Gus Dur back Megawati's presidency bid
Amien, Gus Dur back Megawati's presidency bid JAKARTA (JP): Two prominent government critics supported yesterday Megawati Soekarnoputri's bid for presidency, lauding the bold move as a boost for democratization.
Mon, 12 Jan 1998, 00:00 WIB
RI ADRs rebound on rupiah's rise
RI ADRs rebound on rupiah's rise NEW YORK (Reuters): American Depositary Receipts (ADRs) fell overall Friday on fears about Asian financial stability. Indonesian ADRs rebounded, buoyed by a rising currency despite a political and monetary crisis gripping the Southeast Asian nation. "Obviously there is weakness across the board in all markets, basically off weakness in Asia," a trader said.
Mon, 12 Jan 1998, 00:00 WIB
Semanggi cloverleaf becomes greening symbol
Semanggi cloverleaf becomes greening symbol JAKARTA (JP): Governor Sutiyoso officially dedicated Saturday the Semanggi cloverleaf in South Jakarta as a symbol for the greening of the city. Sutiyoso said the city's greening program would be continued despite current monetary woes, but with some adjustments. Saturday's dedication was held only on a quarter of the cloverleaf area.
Mon, 12 Jan 1998, 00:00 WIB
Polysindo's coating division
Polysindo's coating division JAKARTA (JP): Publicly listed PT Polysindo Eka Perkasa, Indonesia's largest integrated textile producer, announced Saturday a commissioning of its coating division for the manufacture of its waterproof fabrics and breathable fabrics. It said that the commissioning of its coating division for the manufacture of Polyutherane (PU) coated fabrics and polyvinyl chloride (PVC) coated fabrics, would help boost its exports.
Mon, 12 Jan 1998, 00:00 WIB
Summers to meet S'pore PM
Summers to meet S'pore PM SINGAPORE (Reuters): U.S. Deputy Treasury Secretary Lawrence Summers will call on Singapore Prime Minister Goh Chok Tong early on Monday, a government statement said on Saturday. Singapore is the first stop in Summers' whirlwind Asian tour to assess the region's deepening economic crisis. Summers' visit, to express American support for Asian stabilization, includes Indonesia, Thailand and Malaysia.
Mon, 12 Jan 1998, 00:00 WIB
Funds cut emerging market exposure
Funds cut emerging market exposure LONDON (Reuters): The continued deterioration in Asian financial markets is prompting a broad retreat from all emerging market stocks, London-based fund managers said on Friday. Fears that Indonesia will not toe the line on IMF-imposed reforms and that Asian borrowers may not be able to meet debt obligations have sparked a week-long selloff in emerging market equities.
Mon, 12 Jan 1998, 00:00 WIB
New contraceptive pill promoted
New contraceptive pill promoted SEMARANG, Central Java: The Central Java provincial administration will promote a new contraceptive pill from the Netherlands to improve the family planing program in the province, Antara reported. Head of Central Java's Association of Family Planning, Untung Praptohardjo, said here Saturday that the Dutch contraceptive pills can be used for three days after unprotected sex.
Mon, 12 Jan 1998, 00:00 WIB
RI can resist tough IMF terms: Analyst
RI can resist tough IMF terms: Analyst JAKARTA (JP): Indonesia may well resist implementing some of the tough economic reforms sought by the International Monetary Fund (IMF) and the United States, a senior economist said Saturday. Indonesian technocrats could argue with the IMF team or with the U.S. delegation, and pose the question: "Is it fair and wise to insist on the IMF's prescribed budget surplus when the situation is this bad?" Mohammad Sadli said.
Mon, 12 Jan 1998, 00:00 WIB
S&P cuts Indonesian IPP projects to 'BB'
S&P cuts Indonesian IPP projects to 'BB' NEW YORK (Reuters): Standard & Poor's Saturday lowered its ratings on Indonesian independent power producer (IPP) project bonds and bank loans to BB from BB-plus. This action affects the following ratings: -- Paiton Energy Funding B.V.'s US$180 million senior secured bonds due 2014 (guaranteed by PT Paiton Energy Co.); -- CE Indonesia Funding Corp.'s US$400 million bank loan; -- DSPL Finance Co.
Mon, 12 Jan 1998, 00:00 WIB
Satelindo's billing cycle
Satelindo's billing cycle JAKARTA (JP): PT Satelindo, operator of Global System for Mobile communications, announced Saturday it has changed its billing cycle. The company's customer care division head, Tommy Singgih, said the new billing cycle has been effective since January 1 this year. "The new system is an improvement of our service, so that it will be more consistent and clear," Tommy said Thursday at the company's breaking of the fast ceremony.
Mon, 12 Jan 1998, 00:00 WIB
Food producers warned not to cut supply stocks
Food producers warned not to cut supply stocks JAKARTA (JP): Minister of Trade and Industry Tunky Ariwibowo warned food producers Saturday not to hoard stocks and cut supply to the local market. The minister said that such an irresponsible act would not only worsen the already panicked market but could also destabilize the economy. "This practice is irresponsible, I urged these companies to stop it and supply the domestic market immediately," he said after a meeting Saturday with food producers.
Mon, 12 Jan 1998, 00:00 WIB
Calm returns to stores after panic buying
Calm returns to stores after panic buying JAKARTA (JP): The significant strengthening of the rupiah and officials' massive news campaign on food stocks in the past few days has led many Jakartans to slowly stop hoarding. The queues of customers buying commodities at stores and markets returned to normal yesterday evening even though shelves remained empty at some places. While some stores limited the number of purchasing items, others raised the price of their merchandise by 50 percent.
Mon, 12 Jan 1998, 00:00 WIB
PDI renews calls for bureaucratic reform
PDI renews calls for bureaucratic reform JAKARTA (JP): The government-recognized Indonesian Democratic Party (PDI) marked its 25th anniversary celebration over the weekend with a fresh call for bureaucratic reforms. PDI chairman Soerjadi said in his speech Saturday highlighting the modest celebration that such reforms are of great significance, particularly when the country is trying to lift itself out of the monetary crisis.
Mon, 12 Jan 1998, 00:00 WIB
619 infected with HIV: Official
619 infected with HIV: Official JAKARTA (JP): The number of HIV/AIDS-infected people in Indonesia increased by 17 last month to 619, an official said. The health ministry's director general for contagious diseases control, Hadi M. Abednego, said that of the 17 cases reported, 12 were found in Riau, two in Jakarta, two in Bali and the last in East Java. Carriers of the Human Immunodeficiency Virus and Acquired Immune Deficiency Syndrome have been recorded in 22 provinces across the nation.
Mon, 12 Jan 1998, 00:00 WIB
Sarwono says wuphemisms distort communication
Sarwono says wuphemisms distort communication JAKARTA (JP): The overuse of euphemisms in the Indonesian language has distorted communication between the government and the people, a minister has said. State Minister of Environment Sarwono Kusumaatmadja said on Friday that euphemisms, commonly used to ease troublesome situations, had greatly affected language because people often find it difficult to understand the real meaning of a statement.
Mon, 12 Jan 1998, 00:00 WIB
Coup unlikely for Indonesia: Fischer
Coup unlikely for Indonesia: Fischer SYDNEY (AFP): Acting Prime Minister Tim Fischer said he was confident Indonesia's economic crisis would not spark a military coup against President Soeharto's government, adding that Australia's closest Asian neighbor would recover. Fischer, who is heading the Australian government while Prime Minister John Howard is on holiday, said late Saturday he "wouldn't chance my arm" on the potential for a military coup in Indonesia.
Mon, 12 Jan 1998, 00:00 WIB
Moody's cuts ratings of RI bonds and notes
Moody's cuts ratings of RI bonds and notes NEW YORK (AFP): Moody's Investors Service said Friday it has downgraded Indonesia's foreign currency country ceiling for bonds and notes to B2 from Ba1 and the foreign currency bank deposit ceiling from Caa1 from Baa3. The U.S.
Mon, 12 Jan 1998, 00:00 WIB
Seven tons of firecrackers confiscated in operations
Seven tons of firecrackers confiscated in operations JAKARTA (JP): Seven tons of firecrackers have been confiscated in a series of operations since September in a bid to prevent irresponsible parties from using them, an official said Saturday.
Mon, 12 Jan 1998, 00:00 WIB
Hundreds of apes face starvation
Hundreds of apes face starvation BANJARMASIN, South Kalimantan: Hundreds of bekantan (Nasalis larvatus) long-nosed monkeys at Kaget Island Zoo at the Barito River delta, Barito Kuala regency, are reportedly facing a food shortage. The head of the Forestry Ministry, Santoso Notoatmodjo, said the animals had begun to suffer because rice fringes, which were their main food, had died as the result of the drought.
Mon, 12 Jan 1998, 00:00 WIB
Lampung's cassava for Irian Jaya
Lampung's cassava for Irian Jaya BANDAR LAMPUNG, Lampung: Newly elected Governor Oemarsono said the province was making preparations to send dried cassava and tiwul meal, also made of dried cassava, to drought-stricken people in Irian Jaya, Antara reported Friday. The governor was responding to President Soeharto's order to Minister of Social Services Inten Soeweno to send Lampung cassava as part of relief aid for Irian Jaya.
Mon, 12 Jan 1998, 00:00 WIB
'Love Rupiah' campaign gains support
'Love Rupiah' campaign gains support JAKARTA (JP): The campaign to restore confidence in the battered Indonesian currency is gaining momentum with groups of journalists, businesspeople and legislators pledging to exchange their U.S. dollars for rupiah. A group of Indonesian editors said they would change their dollars to rupiah today through the counter of Bank Bumi Daya (BBD) at Bank Indonesia, the central bank, on Jl. Thamrin, Central Jakarta.
Mon, 12 Jan 1998, 00:00 WIB
Moslems cope with 17-hour fasting in Australia
Moslems cope with 17-hour fasting in Australia By Dewi Anggraeni MELBOURNE (JP): In this era of travel and global living, it is not unusual to find ourselves away from our usual support network and other familiar environments just when we need them. Indonesian Moslems, being abroad during the month of Ramadhan, are one such example.
Mon, 12 Jan 1998, 00:00 WIB
New policies a must for globalization
New policies a must for globalization By Djauhari Oratmangun This is the first of two articles on globalization and the role of the nation states. JAKARTA (JP): The word "globalization" in recent years has become commonly used as a buzzword all over the world. It has been used to encapsulate several strands and trends of thought in both national and international fora. The use of this terminology to describe anything and everything as a "global" phenomenon has, however, created more confusion.
Mon, 12 Jan 1998, 00:00 WIB
Tosummit gets ISO certificate
Tosummit gets ISO certificate JAKARTA (JP): PT Tosummit Electronic Devices Indonesia, an affiliate of Japan's Toshiba Cooperation, has received an International Standards Organization (ISO) 9002 certification from the international certification body Bureau Veritas Quality International. The company, which produces the Color Picture Tube (CPT) for color television, has been awarded the certification for its quality management system.
Mon, 12 Jan 1998, 00:00 WIB
Taiwan mission due here
Taiwan mission due here TAIPEI (AFP): Taiwan's top economic policymaker P. K. Chiang was due to leave yesterday with a high-powered business delegation to seek investment opportunities in economically devastated Southeast Asia. Chiang, chairman of the cabinet-level Council for Economic Planning and Development told reporters Friday the mission would investigate opportunities in the Philippines, Indonesia, Thailand and Malaysia and help Taiwan businesses there which had been hit by the crisis.
Mon, 12 Jan 1998, 00:00 WIB
Police officers to assist in food distribution
Police officers to assist in food distribution JAKARTA (JP): Following the panic buying of staple goods Thursday, the National Police has promised they will assist in distributing and monitoring basic commodities throughout the country. Newly installed National Police spokesman Brig. Gen. Da'i Bachtiar said Saturday that Police Chief Gen. Dibyo Widodo had instructed police officers to be on alert to quickly detect any disturbances arising from possible panic buying.
Mon, 12 Jan 1998, 00:00 WIB
Asian financial storm hits commodities marts
Asian financial storm hits commodities marts LONDON (AFP): Asia's financial turbulence wreaked havoc with the commodities markets this week, as economic instability and an expected slump in growth rates there ravaged consumption of metals and edible goods. Sharp losses in regional currencies, such as the Indonesian rupiah, which tumbled below 10,000 to the dollar during the week, set alarm bells ringing in dealing rooms across the City of London.
Mon, 12 Jan 1998, 00:00 WIB
Stock prices are likely to remain under pressure
Stock prices are likely to remain under pressure JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are likely to remain under pressure this week despite some buying from local institutional investors. Stock analysts said President Soeharto's commitment to fully implement the economic reform agreed upon by the International Monetary Fund (IMF) brought a clearer picture about the country's economy. In a telephone conversion Friday with U.S.
Mon, 12 Jan 1998, 00:00 WIB
Government's explanation needed
Government's explanation needed From Neraca I am a working woman and at the same time a student at a private university. My colleagues and our bosses at the office have been withdrawing their bank deposits and buying daily needs. I followed in their steps. My brother who is employed in the Sudirman area also has the same story. His friends were involved in panic buying and bought up everything at Goro, Makro and other supermarkets.
Mon, 12 Jan 1998, 00:00 WIB
RP has new oil reform law
RP has new oil reform law MANILA (Reuters): The Philippine Senate has passed a new oil reform bill designed to free the oil industry from decades of state control, senators said yesterday. The proposed law, approved by a 13-0 vote on Saturday night, would replace an earlier oil deregulation law which the Supreme Court last November voided as unconstitutional, saying it contained some provisions that would foster monopolies.
Mon, 12 Jan 1998, 00:00 WIB
Camdessus in Malaysia
Camdessus in Malaysia KUALA LUMPUR (Reuters): International Monetary Fund chief executive Michel Camdessus will arrive in Kuala Lumpur on January 15 and leave the next day, the press secretary to Deputy Prime Minister Anwar Ibrahim said on Saturday. "Camdessus will be in Kuala Lumpur on the 15th and will leave on the 16th," said Adlin Zabri. Camdessus is scheduled to discuss the ongoing economic crisis in Southeast Asia with the Malaysian government, said Adlin.
Mon, 12 Jan 1998, 00:00 WIB
Worker commits suicide at site
Worker commits suicide at site JAKARTA (JP): A 27-year-old man was found dead at a construction site of a shop-house project on Jl. Daan Mogot in West Jakarta over the weekend. A can of insecticide was found near the man's body, identified as Mardani, indicating that he had ended his life by drinking the deadly fluid, fellow workers and police said.