Archive: 14 January 1998
63 articles found
Wed, 14 Jan 1998, 00:00 WIB
IBM net service
IBM net service Recently Mr. Dikdik Hasan responded in this column to my earlier complaint about IBM net service in Medan, North Sumatra. More important than his public response was Mr. Hasan's immediate personal response as soon as my letter appeared, and several times since then Mr. Hasan has cited several actions that have been taken to monitor the Medan problems. The problem that I was having seems to have been corrected.
Wed, 14 Jan 1998, 00:00 WIB
Australian cabinet to discuss Asian crisis
Australian cabinet to discuss Asian crisis SYDNEY (AFP): Growing anxiety over the Asian financial crisis now damaging Australia's currency and threatening employment growth will be discussed by a cabinet meeting next week, officials said yesterday. Prime Minister John Howard, who will chair the meeting, will canvass options for minimizing the impact of the Asian turmoil on Australia.
Wed, 14 Jan 1998, 00:00 WIB
State draft budget
State draft budget It is disappointing to know how the state draft budget for 1998/1999 has been prepared. I am not an economist, but to my mind, there are many items that are either too optimistic or too unrealistic. The matter became clearer to me after reading an article in The Jakarta Post of Jan. 8, 1998. The answers from economist Sri Mulyani Indrawati are straight forward and no nonsense that people can understand easily.
Wed, 14 Jan 1998, 00:00 WIB
Diagnosing ills of low-cost health services
Diagnosing ills of low-cost health services The Use of Health Services in a Slum Area of North Jakarta By Charles Surjadi EGC Publisher Jakarta, 1997 178 pp. JAKARTA (JP): With only 64 public hospitals serving the city's 9.8 million people, good quality health services at low cost are hard to find. The government and city administration realize the gap between services of these facilities and those in luxury private hospitals, but are handcuffed from building more hospitals by fund limitations.
Wed, 14 Jan 1998, 00:00 WIB
'Serambi' daily reduces pages
'Serambi' daily reduces pages BANDA ACEH, Aceh: The Serambi Indonesia daily here has reduced its pages from 12 to eight in an austerity measure aimed at helping it through the economic crisis. The newspaper's editor-in-chief, Sjamsul Kahar, said the page reduction was a result of the economic crisis which has seen the price of newsprint rise between 30 percent and 120 percent. Sjamsul said the paper would return to a 12 page format again once the monetary crisis was over.
Wed, 14 Jan 1998, 00:00 WIB
Silkair flight recorder said to frustrate probe
Silkair flight recorder said to frustrate probe WASHINGTON (Reuters): Investigators probing the SilkAir crash in Indonesia last month have been frustrated by difficulties reading the flight data recorder, Aviation Week reported on Monday. U.S. and Indonesian investigators working in Washington discovered they were unable to retrieve any data for the last moments of the flight, the magazine said in its latest issue. SilkAir flight MI-185 crashed on Dec.
Wed, 14 Jan 1998, 00:00 WIB
Hookers rounded up in Bogor
Hookers rounded up in Bogor BOGOR (JP): Some 44 prostitutes and 11 transvestites operating along the city's streets were rounded up in an operation on Monday night. The Bogor Mayoralty spokesman Hari Harsono said the prostitutes and transvestites were caught on Jl. Juanda, Jl. Merdeka, Jl. Lawang Seketeng and Jl. Pajajaran and in several public places, including Tugu Kapten Muslihat, Taman Kencana park and Bogor railway station.
Wed, 14 Jan 1998, 00:00 WIB
The wrong signal -- IMF's role in Asia
The wrong signal -- IMF's role in Asia By Christian von Hiller BERLIN (DPA): Indonesia is threatening to be a rerun of the scenario that the world has already been observing in South Korea. After President Soeharto agreed to bow to the harsh demands made by the International Monetary Fund (IMF), Indonesia is to receive financial aid totaling US$43 billion. The fund gave South Korea a total of $57 billion when the government there implemented a far-reaching clean-up program.
Wed, 14 Jan 1998, 00:00 WIB
Leadership change not a utopia
Leadership change not a utopia By Ikrar Nusa Bhakti JAKARTA (JP): Political hope may become a political reality even though political reality and hope are different from each other. Hermawan Sulistyo is right in his article "No room for political utopia" in the Jan. 8 edition of The Jakarta Post, saying that there is a clear difference between political reality and political hope and that political analysis is based on political reality, not political hope. .
Wed, 14 Jan 1998, 00:00 WIB
TAM vehicle sales rise 32%
TAM vehicle sales rise 32% JAKARTA (JP): Automaker PT Toyota Astra Motor (TAM) sold 98,139 Toyota vehicles domestically last year, a 32 percent increase compared to 74,570 vehicles in 1996. The company, a joint venture between Indonesia's PT Astra International and Japan's Toyota Motor Corp, said yesterday it controlled 25.4 percent of the domestic automobile market.
Wed, 14 Jan 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan.
Wed, 14 Jan 1998, 00:00 WIB
Rupiah strengthens as stocks gains ground
Rupiah strengthens as stocks gains ground JAKARTA (JP): The rupiah continued to strengthen against the American dollar yesterday on a positive market reaction to the talks between International Monetary Fund (IMF) officials and the Indonesian government on economic reforms, currency dealers said. The strengthening rupiah sent positive news to share prices on the Jakarta Stock Exchange (JSX) with the main price index rising by around 9 percent on major buying on big cap stocks by local investors.
Wed, 14 Jan 1998, 00:00 WIB
Ministers back dialog on economic crisis
Ministers back dialog on economic crisis JAKARTA (JP): Two senior cabinet ministers declared their support yesterday for a plan to hold a national dialog involving public figures and staunch critics of the government to discuss ways of overcoming the present economic crisis. Minister of Defense Gen. Edi Sudradjat and Minister of Home Affairs Moch. Yogie S.M. said they hoped the dialog, planned for this week, would come up with a set of recommendations.
Wed, 14 Jan 1998, 00:00 WIB
Love rupiah drive
Love rupiah drive From Media Indonesia Observing the development of the ongoing monetary crisis, I, as an Indonesian citizen, wish to propose the following: 1. Consolidate the Love Rupiah National Drive, a program initiated by one of our national entrepreneurs and worthy of our support. 2. In the implementation of the drive, government officials, businessmen, the community/laymen, the press and, non- governmental organizations must sincerely and solidly unify their action. 3.
Wed, 14 Jan 1998, 00:00 WIB
U.S. shows concern over Asia crisis
U.S. shows concern over Asia crisis Summers will convey a tough message. He is a personal believer in the remedy of the IMF. He has made believers out of others in the Clinton administration that the IMF prescription must be followed -- and with no painkillers. But while it may seem there is little to discuss with Summers, the opposite is true. The U.S. has been extremely slow to realize the problems of our region. It has vastly underestimated the depth of the U.S. problems as well.
Wed, 14 Jan 1998, 00:00 WIB
Indonesia crux brings Peregrine to its knees
Indonesia crux brings Peregrine to its knees HONG KONG (Reuters): Choked with emotion, the founders of Peregrine Investments Holdings Ltd told yesterday how a meltdown in Indonesian markets helped bring one of Asia's largest independent investment banks to its knees. Banks and the Hong Kong government denied the firm help after a crucial deal to provide vital funds collapsed last week, and on Tuesday Price Waterhouse was named to liquidate its assets.
Wed, 14 Jan 1998, 00:00 WIB
Garuda reschedules jet lease payments
Garuda reschedules jet lease payments JAKARTA (JP): National carrier Garuda Indonesia Airlines denied yesterday the airline company had defaulted on its lease payments for six Airbus aircraft. Garuda spokesperson Arief Hartanto said the airline did not default on the "operating lease" payments but rescheduled them, due to the country's currency turmoil and lower revenue last year.
Wed, 14 Jan 1998, 00:00 WIB
Four shop owners questioned for hoarding supplies
Four shop owners questioned for hoarding supplies JAKARTA (JP): City Police chief Maj. Gen. Hamami Nata confirmed yesterday that his office was investigating four shop owners suspected of hoarding food supplies to be sold later at higher prices. He said that the four shop owners from Jakarta and Bekasi, West Java, were being questioned and that they could be charged with subversion.
Wed, 14 Jan 1998, 00:00 WIB
1997's violence, tragedies seen through news photos
1997's violence, tragedies seen through news photos Photo display exposes 1997 gloomy days JAKARTA (JP): In the eyes of many news photographers, 1997 was a year of brutality, disaster and drought. Thirty-eight news photographers are expressing their view of the year through a month-long photo exhibition, jointly organized by Antara and Reuters at the Galeri Foto Jurnalistik Antara building on Jl. Antara 59, Pasar Baru, in Central Jakarta, which concludes today.
Wed, 14 Jan 1998, 00:00 WIB
Support looms for Megawati's presidential bid
Support looms for Megawati's presidential bid MEDAN, North Sumatra (JP): Support trickled in yesterday for Megawati Soekarnoputri's bid for the presidency, including from an unexpected quarter. An executive of the Indonesian Democratic Party (PDI)'s North Sumatra branch, which is controlled by government-backed Soerjadi, called on the party to support her nomination.
Wed, 14 Jan 1998, 00:00 WIB
Soeharto reassures Summers, Goh on reforms
Soeharto reassures Summers, Goh on reforms JAKARTA (JP): U.S. Deputy Treasury Secretary Lawrence Summers conveyed a message from President Bill Clinton to President Soeharto yesterday on the importance of pursuing economic reforms to restore confidence in the country's battered economy.
Wed, 14 Jan 1998, 00:00 WIB
Military cracks down on hoarding
Military cracks down on hoarding BANDAR LAMPUNG: Military authorities here have deployed its personnel to watch over individuals who hoard basic commodities for their own interests, Antara reported yesterday. Military chief Col. C. Simbolon said his office would crack down on individuals who rake a personal profit from other people's suffering.
Wed, 14 Jan 1998, 00:00 WIB
Three men arrested with 11 kilograms of marijuana
Three men arrested with 11 kilograms of marijuana JAKARTA (JP): Police have arrested three men in Cililitan, East Jakarta, for allegedly transporting and distributing 11 kilograms of marijuana. East Jakarta Police chief Lt. Col. Syahrir Kuba told reporters yesterday the suspects, Muhktar, Hasanuddin and Surya, were arrested in a raid Monday afternoon near the Cililitan bus terminal.
Wed, 14 Jan 1998, 00:00 WIB
The need for reform
The need for reform It can hardly be denied that the economic crisis is at present undergoing an increasingly distinct metamorphosis toward becoming a political one. In fact, this tendency had been clear ever since the exchange rate of the rupiah against the U.S. dollar exceeded the Rp 4,000 mark some time ago. And it was becoming even clearer these past few days after prices of essential commodities began fluctuating in a manner that defied all reasoning. What, then, should we do as a nation?
Wed, 14 Jan 1998, 00:00 WIB
Council categorizes sports for Asian Games
Council categorizes sports for Asian Games JAKARTA (JP): The National Sports Council has categorized the 22 sports which Indonesia intends to contest at the 13th Asian Games in Bangkok in December. Muhammad Hindarto, the council's task force chairman and athletes development deputy, told reporters yesterday that the categories were made based on the 19th SEA Games results.
Wed, 14 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Wednesday Maghrib 6:17 p.m. Thursday Imsak 4:17 a.m. Subuh 4:27 a.m.
Wed, 14 Jan 1998, 00:00 WIB
Sutiyoso tells project officials to be honest
Sutiyoso tells project officials to be honest JAKARTA (JP): Governor Sutiyoso yesterday ordered his officials to act with integrity while implementing the city's short-term labor-intensive projects designed to ease unemployment. "I believe if we stick together, we can survive this troubled time. "I urge all officials dealing with this program to be honest...
Wed, 14 Jan 1998, 00:00 WIB
Train fares cut 70% for poor travelers
Train fares cut 70% for poor travelers JAKARTA (JP): State railway company Perumka is giving a 70 percent discount to people who have little means of returning home from Jakarta to West and East Java. The discounts will only apply for those traveling using the provided trains which will begin departing every hour between 5 a.m. on Jan. 20 and 5 a.m. on Jan. 21.
Wed, 14 Jan 1998, 00:00 WIB
Transformers exported to South America
Transformers exported to South America JAKARTA (JP): The transformer producer PT Unelec Indonesia (UNIDO) exported nine transformers worth US$4.2 million to Columbia and Dominica yesterday. Company president Januar Muin said it was the company's seventh shipment of its exports but its first export outside the Southeast Asia region, the company's traditional export market.
Wed, 14 Jan 1998, 00:00 WIB
Moslem group pulls out of youth comittee
Moslem group pulls out of youth comittee SURABAYA, East Java (JP): The East Java chapter of the Ansor Youth Movement has pulled out of the Indonesian National Youth Committee (KNPI) because it says the committee has strayed from its original mission. The chairman of the Ansor East Java branch, Choirul Anam, said Monday the committee had failed to accommodate various aspirations of member groups and had even been exploited by certain figures for personal gain.
Wed, 14 Jan 1998, 00:00 WIB
Panin denies layoff
Panin denies layoff JAKARTA (JP): Panin Securities denied yesterday that it had laid off employees to cope with the impact of the country's financial problem. Director of the securities house, Hendra H. Kustarjo, told The Jakarta Post yesterday that there had been no major layoff at his company. He said that the Post's report on Tuesday, saying there had been a major layoff at Panin Securites due a financial problem was extremely incorrect.
Wed, 14 Jan 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 Documentary: Sukses Berkarya 5:30 TV Drama: Koreksi Diri 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 6:53 Music 7:00 Evening News 7:35 Entrepreneurship Program: Mitra Kita 8:05 Children's Story 8:30 Music: Dian Rana 9:00 World News 9:30 Koran...
Wed, 14 Jan 1998, 00:00 WIB
Nation want Soeharto: Harmoko
Nation want Soeharto: Harmoko JAKARTA (JP): Golkar announced yesterday that it was fully convinced that the nation still wanted incumbent President Soeharto to lead the nation for another five years. Chairman Harmoko told reporters that the political group had conducted a survey to test the aspirations of the people before coming to the conclusion. "It was obvious that nobody has said `no' to our sole presidential candidate.
Wed, 14 Jan 1998, 00:00 WIB
Djajanti's fish canning plant
Djajanti's fish canning plant JAKARTA (JP): PT Biak Mina Jaya, a subsidiary of the Djajanti Group, said yesterday it had planned to build a fish canning plant to increase its total production to 11,000 tons per day. The Djajanti Group's head of the Irian Jaya region, Busli Baraka, said in Biak, Irian Jaya, that the plant would have a production capacity of 10,000 tons per day and was scheduled to be completed by August.
Wed, 14 Jan 1998, 00:00 WIB
Asia-Pacific markets rally amid HK rebound
Asia-Pacific markets rally amid HK rebound HONG KONG (AFP): Asian share prices rallied yesterday with some markets making their first gains in the new year, taking heart from Wall Street's resilience and a rebound in Hong Kong. Indonesian share prices jumped a spectacular 9.1 percent in heavy trade, up 31.900 points at 382.137, with the market buoyed by ongoing talks between the government and the International Monetary fund (IMF).
Wed, 14 Jan 1998, 00:00 WIB
S'pore boy admits to abusing maid
S'pore boy admits to abusing maid SINGAPORE (AFP): A Singaporean schoolboy has admitted abusing an Indonesian maid by burning her forearm with a hot iron, scalding her with boiling water and punching her on the forehead, a report said yesterday. The 13-year-old pleaded guilty to the three charges in a juvenile court where he had appeared with his 38-year-old mother, who was accused in a separate court of hurting the maid, the Straits Times daily reported.
Wed, 14 Jan 1998, 00:00 WIB
Workers protest over allowance
Workers protest over allowance TANGERANG (JP): About 500 workers of a ceramics company on Jl. Kali Sabi in Jatiuwung have gone on strike, protesting the management's decision to pay half of their Idul Fitri allowances in the firm's ceramics products. "We want the allowances be paid in cash, not in the company's products, such as cups, glasses and dishes," said Santi, one of the protesters.
Wed, 14 Jan 1998, 00:00 WIB
Joko stretched in season-opener at Japan Open
Joko stretched in season-opener at Japan Open TOKYO (AFP): Former world badminton champion Joko Suprianto faced a spirited challenge from Japan's Shuichi Nakao in the first round of the season-opener Japan Open yesterday. Indonesia's 1993 world champion, whose former number one ranking has plummeted to 24th this week, was stretched to a three-point tiebreak in the first game before scoring a 17-14, 15-11 victory in 49 minutes.
Wed, 14 Jan 1998, 00:00 WIB
Price uncertainty forces jewelry stores to close
Price uncertainty forces jewelry stores to close JAKARTA (JP): Many gold jewelry stores in Jakarta have temporarily closed due to uncertainty in gold prices and the sluggish market. Some traders told The Jakarta Post yesterday the sharp fluctuation of the rupiah against the U.S. dollar had caused difficulties in fixing prices. "This makes gold trading more risky," one trader said. Many of them preferred to close their stores and wait until the rupiah returned to normal.
Wed, 14 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.
Wed, 14 Jan 1998, 00:00 WIB
Harvest may fail due to drought
Harvest may fail due to drought KUPANG, East Nusa Tenggara: This year's corn harvest in the province may fail due to drought, Antara reported yesterday. Thousands of hectares of corn fields in the regencies of Flores Timur, Kupang, Timur Tengah Selatan, Ende, and Ngada have been affected by drought. Flores Timur regent Henky Mukin and Kupang regent Paul Lawa Rihi said they had set up a special team to deal with the problem and anticipate the possible threat of food shortages.
Wed, 14 Jan 1998, 00:00 WIB
Palm and lauric oils drift lower in Europe
Palm and lauric oils drift lower in Europe LONDON (Reuters): Palm and lauric oil prices drifted lower during Monday afternoon in a quiet European vegetable oil market. Lower palm oil prices in Malaysia on profit-taking gave the market a softer feel, but traders said they were awaiting further developments in Indonesia.
Wed, 14 Jan 1998, 00:00 WIB
Recouping stocks bolster Asian currencies
Recouping stocks bolster Asian currencies SINGAPORE (Reuters): Regional stock markets showed solid gains across the board on Tuesday and as overseas investors tentatively dipped a toe into the equities pool, local currencies firmed. A solid 66-point gain in the Dow Jones on Monday together with a better performance in Hong Kong after its shakeout saw flows across the foreign exchanges and light but persistent demand for recently beleaguered regional currencies.
Wed, 14 Jan 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 13, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 0 0 Alumindo Light Metal 250 0 144,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 925 75 1,000 Aneka Tambang 1,325 175 12,220,500 Anwar Sierad 125 0 157,500 Apac Centertex Corp.
Wed, 14 Jan 1998, 00:00 WIB
Dorodjatun named ambassador to U.S.
Dorodjatun named ambassador to U.S. JAKARTA (JP): Minister of Foreign Affairs Ali Alatas said yesterday that Washington has approved economist Dorodjatun Kuntjoro-Jakti as the next Indonesian ambassador to the United States. Alatas, who is currently in New York to take over the leadership of the Group of 77, was quoted by Antara as saying that it is now a matter of waiting for his official installment by President Soeharto.
Wed, 14 Jan 1998, 00:00 WIB
Rates for tax payment
Rates for tax payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax. The new conversion rates will be valid for one week, from Jan. 12 to Jan.
Wed, 14 Jan 1998, 00:00 WIB
BankWatch downgrades Indonesian rating
BankWatch downgrades Indonesian rating JAKARTA (JP): Bank credit rating agency Thomson BankWatch downgraded its sovereign risk rating for Indonesia from BB to B+ on the country's heightening political uncertainty. Thomson BankWatch sovereign risk director Betty J.
Wed, 14 Jan 1998, 00:00 WIB
Spotlight
Spotlight Photo A: Worship JP/OBY NEW SITE FOR WORSHIP: Jakarta Military Commander Maj. Gen. Syafrie Sjamsoeddin (third left) listens to the head of a Hindu community organization in South Jakarta, Vice Adm. Nyoman Mastra, as he talks about the Pura Agung Widya Mandala which the major general dedicated. Also at the ceremony Saturday was the head of the Parisada Hindu Dharma association, Lt. Gen. (ret.) Putu Sukrata Suranta.
Wed, 14 Jan 1998, 00:00 WIB
Amendment of press law to rest on new cabinet
Amendment of press law to rest on new cabinet By Warief Djajanto Basorie JAKARTA (JP): Minister of Information R. Hartono has hinted at a possible review of the press regulation under which a number of media have been closed down, but their fate will not be clear until after March. Ignatius Haryanto argued in his article in the Dec. 30 edition of this newspaper that Indonesia's press law of 1982 must be reviewed because it does not provide security to the print media.
Wed, 14 Jan 1998, 00:00 WIB
Alatas warns of possible global financial collapse
Alatas warns of possible global financial collapse NEW YORK (DPA): Indonesia has warned developed countries that the collapse of financial markets in some Asian countries could spill over to other parts of the world, destroying decades of economic growth. Foreign Minister Ali Alatas was in New York on Monday to take over the leadership of the United Nations' Group of 77 from Tanzanian Foreign Minister Jakaya M. Kikwere.
Wed, 14 Jan 1998, 00:00 WIB
Megawati's moral step
Megawati's moral step With the national crisis which is engulfing economic and political domains, in today's situation the people expect shocking announcements at any time. However, until last weekend nobody had expected any such element from ousted opposition leader Megawati Soekarnoputri, the eldest daughter of Indonesia's first president, Sukarno. But the cool-headed politician had a concept to solve the precarious national crisis: elect her as president of the nation.
Wed, 14 Jan 1998, 00:00 WIB
Hashimoto tells Clinton of worries over SE Asia
Hashimoto tells Clinton of worries over SE Asia TOKYO (Reuters): Prime Minister Ryutaro Hashimoto told U.S. President Bill Clinton in a telephone conversation yesterday that Japan was worried about the financial crisis in Southeast Asia, a Japanese government source said. Hashimoto also pledged to Clinton that Japan would continue to take all steps needed to support those nations which are in economic trouble, the source said.
Wed, 14 Jan 1998, 00:00 WIB
Two arrested for brawling
Two arrested for brawling JAKARTA (JP): Police have formally charged two men for possessing sharp weapons during Sunday's sporadic brawls between residents of two districts in South Jakarta's Bukit Duri area. City Police spokesman Lt. Col. E. Aritonang yesterday said the two, identified only as Wn, 39, and Nd, 28, were caught during the brawls with sharp weapons in their possession.
Wed, 14 Jan 1998, 00:00 WIB
INFID calls for peaceful political change
INFID calls for peaceful political change JAKARTA (JP): The International NGO Forum on Indonesian Development (INFID) called on the nation yesterday to join in efforts to peacefully and constitutionally prepare for immediate political change.
Wed, 14 Jan 1998, 00:00 WIB
Management of Jamsostek
Management of Jamsostek From Kompas It is amazing that with virtually no capital to speak of at its establishment three or four years ago, PT Jamsostek (the state-owned social security company) has collected funds amounting to Rp 5.3 trillion. Its profit in the same period is a fantastic Rp 476 billion.
Wed, 14 Jan 1998, 00:00 WIB
U.S. politicians attack IMF for its aid to Asia
U.S. politicians attack IMF for its aid to Asia WASHINGTON (Reuters): The International Monetary Fund came under fire on Monday for its Asian bailouts as former Republican presidential candidate Steve Forbes said it and the Clinton administration were making the financial crisis worse.
Wed, 14 Jan 1998, 00:00 WIB
Merrill Lynch sees no fast end to Asian crisis
Merrill Lynch sees no fast end to Asian crisis FRANKFURT (Reuters): There are no signs of the Asian currency crisis abating as the region's businesses and households shun local units in favor of the U.S. dollar, Merrill Lynch chief global currency strategist said on Monday. At a presentation of Merrill's annual global currency and debt outlook, Michael Rosenberg said the economies in the region were trapped in a vicious circle of currency and debt crises.
Wed, 14 Jan 1998, 00:00 WIB
Rubber recovers in S'pore
Rubber recovers in S'pore SINGAPORE (Reuters): Rubber traders used the relative calm seen in Southeast Asia's financial markets yesterday to engage in some light shortcovering while likewise keeping a wary eye on the situation in Indonesia, dealers said. "There was some routine buying by Michelin and there were also some brokers doing some buying for RSS1 rubber. But it's still a pretty nervous market with many people looking at what happens in Indonesia," a dealer said.
Wed, 14 Jan 1998, 00:00 WIB
U.S concerned crisis could disrupt stability
U.S concerned crisis could disrupt stability JAKARTA (JP): Discussions with United States Defense Secretary William Cohen revealed yesterday that Washington harbors concerns that the economic turmoil in Southeast Asia could disrupt regional stability. Indonesia's ambassador-at-large Nana Sutresna said that Cohen's 90-minute discussion expressed some concerns about development in the region and how it would affect long-term stability which has been a staple in the region's economic success.
Wed, 14 Jan 1998, 00:00 WIB
Thai-Myanmar gas row continues
Thai-Myanmar gas row continues BANGKOK (AFP): A dispute between Thailand's state-owned petroleum authority and conservationists over a Thai-Myanmar gas pipeline is no closer to resolution, even though work has resumed on the project, reports said yesterday. Legal experts representing both sides remained at loggerheads after four days of meetings to try to thrash out differences in their interpretations of the pipeline contract, the Bangkok Post reported.
Wed, 14 Jan 1998, 00:00 WIB
Coup en Passant
Coup en Passant By Djanwar Madjolelo JAKARTA (JP): This deal is from the qualifying third session of the European Pairs in The Hague, the Netherlands.
Wed, 14 Jan 1998, 00:00 WIB
Asiad on track despite crisis: Thailand
Asiad on track despite crisis: Thailand BANGKOK (Reuters): Thailand said yesterday it would be ready to hold the 13th Asian Games in Bangkok as scheduled in December despite budget cuts, regional economic turmoil and some sponsor threats to pull out. The Thais have hosted three previous Asiads but have been struggling to overcome various problems, particularly delays in building sporting venues, since being awarded the games in 1990.
Wed, 14 Jan 1998, 00:00 WIB
The power of information
The power of information In time of crisis, whether it is economic, political or monetary, such as that we are experiencing at present, we feel the importance of the role of information, especially information coming from the right source, which is the government. The government should realize how important its role is, it should be considered as the one and only legal and dependable source of information.