Archive: 15 January 1998
66 articles found
Thu, 15 Jan 1998, 00:00 WIB
Camdessus hopes for solid agreement
Camdessus hopes for solid agreement JAKARTA (JP): IMF Managing Director Michel Camdessus said yesterday he was hopeful for a solid agreement with Indonesia on stronger and accelerated reforms after he meets with President Soeharto today. "I am very hopeful that tomorrow (today), after meeting with the President, I will be able to announce a very solid agreement," he told reporters after arriving here from Singapore.
Thu, 15 Jan 1998, 00:00 WIB
Woman stabbed to death
Woman stabbed to death TANGERANG (JP): A housewife was found dead near a river in Pete village, Tigaraksa, Tuesday with stab wounds to her chest. The victim's husband, Mursid, said his wife, Sukmana, 20, left their home to wash clothes in the river after eating a predawn meal. Mursid said his four-year-old son went to the river later and found his mother dead. Neighbors rushed to the scene after hearing the boy cry.
Thu, 15 Jan 1998, 00:00 WIB
Even clergymen are robbed in Jakarta
Even clergymen are robbed in Jakarta Here are two stories of different foreign/expatriate clergymen who were robbed. However, at the time of robbery, they were not wearing their religious outfits, which, in a way, lessens the robber's sin. Otherwise, it would be abominable that even a man of the church becomes the victim of robbery. 1. A priest was driving his car when, at a crossing, he stopped because of a red signal. Suddenly, evil appeared out of the darkness.
Thu, 15 Jan 1998, 00:00 WIB
Timber firms in 'serious trouble'
Timber firms in 'serious trouble' JAKARTA (JP): Many timber companies have serious financial problems due to sluggish demand for timber and wood-related products in domestic and overseas markets, a minister said yesterday.
Thu, 15 Jan 1998, 00:00 WIB
Indonesian debt difficult to handle, HK analyst says
Indonesian debt difficult to handle, HK analyst says HONG KONG (Reuters): Indonesia's debt, the subject of International Monetary Fund talks in Jakarta this week, is expected to be much more difficult to manage than South Korea's. "It was hard enough in Korea when they were able to work with banks that were more recognized," said John Seel, sovereign analyst with Bear Stearns in Hong Kong. "How do you go about packaging Indonesia paper?
Thu, 15 Jan 1998, 00:00 WIB
IMF-led bank closures fuel Asia woes
IMF-led bank closures fuel Asia woes SINGAPORE (Reuters): Harvard economist Jeffrey Sachs said yesterday the International Monetary Fund's (IMF) efforts to reform Asia's stricken economies had worsened the crisis by triggering a banking sector collapse. He said the fund's requirement that Thailand, Indonesia and South Korea shut down ailing financial institutions in return for massive IMF-sponsored loans had only intensified the crisis in those countries.
Thu, 15 Jan 1998, 00:00 WIB
Rice production increase expected
Rice production increase expected JAKARTA (JP): Indonesia's rice production will increase this year because the weather is expected to be more conducive for rice planting than last year, Minister of Agriculture Sjarifudin Baharsjah said yesterday. Rice production will likely rise by up to 7.5 percent from last year's output of 49.3 million tons of unhusked rice, he said.
Thu, 15 Jan 1998, 00:00 WIB
More than 3% of S'pore loans to Asia default
More than 3% of S'pore loans to Asia default SINGAPORE (Agencies): Some 3.2 percent of loans totaling S$41 billion (US$24.1 billion) lent by Singapore banks to customers in the Asian region have turned bad, Deputy Prime Minister Lee Hsien Loong said yesterday. He said the so-called "classified loans" -- comprising doubtful and uncollectable loans -- to the region amounted to S$1.2 billion as of November 1997.
Thu, 15 Jan 1998, 00:00 WIB
Margono sees colors of life in Jakarta shacks
Margono sees colors of life in Jakarta shacks By Stevie Emilia JAKARTA (JP): Gleaming skyscrapers may be the foundation of Jakarta's proud image as a metropolis. Its less picturesque face of slums and rows of squalid shacks along riverbanks is ever annoying to city officials -- and ever fascinating to artists.
Thu, 15 Jan 1998, 00:00 WIB
BBL raises stake in Mashill to 18%
BBL raises stake in Mashill to 18% JAKARTA (JP): Belgian Bank Brussels Lambert (BBL) has increased its stake in publicly listed Bank Mashill to 18 percent from 10 percent. Bank Mashill president A.T. Windoe said yesterday BBL's additional 8 percent attained through the capital market showed that BBL had high confidence in the country's banking system despite the monetary crisis.
Thu, 15 Jan 1998, 00:00 WIB
Rupiah strengthens, stock prices ascend
Rupiah strengthens, stock prices ascend JAKARTA (JP): The rupiah extended gains against the American dollar yesterday, supported by market optimism on the government's determination to continue reforms, currency dealers said. Stock prices on the Jakarta Stock Exchange (JSX) also gained ground, with the benchmark price indicator rising 5.4 percent.
Thu, 15 Jan 1998, 00:00 WIB
Audit body chief to be selected
Audit body chief to be selected JAKARTA (JP): The House of Representatives will name three candidates tomorrow for the Supreme Audit Agency chairmanship to replace J.B. Sumarlin who retired last month. Deputy House Speaker Abdul Gafur said after a meeting among leaders of the legislative body that the four factions in the House would pick one candidate from the audit body, and the rest from other institutions.
Thu, 15 Jan 1998, 00:00 WIB
Does postmodernism result in crime?
Does postmodernism result in crime? By J.E. Sahetapy JAKARTA (JP): It is a real tragedy that crime in general has flourished in the post-modern society, while at the same time man has shown his capacity to use science and technology to facilitate a really good life.
Thu, 15 Jan 1998, 00:00 WIB
Claims of U.S. apathy over crisis rejected
Claims of U.S. apathy over crisis rejected BANGKOK (AFP): U.S. special envoy Larry Summers rejected yesterday claims of U.S. apathy to Asia's financial crisis, saying Washington had a major stake in the stricken region and would ensure adequate financial support. Deputy Treasury Secretary Summers also gave a vote of confidence to the Thai government's efforts to implement its crucial International Monetary Fund (IMF) package, saying he was "very impressed" with its progress. "The U.S.
Thu, 15 Jan 1998, 00:00 WIB
Triple-tier transit system project to go ahead
Triple-tier transit system project to go ahead BANDUNG (JP): Minister of Transportation Haryanto Dhanutirto said yesterday the city's triple-tier transit system project would not be rescheduled. He cited the need for an improvement in the city's mass transportation system to help solve chaotic traffic conditions.
Thu, 15 Jan 1998, 00:00 WIB
Two people burned to death
Two people burned to death JAKARTA (JP): Two people were burned to death when a minivan overturned Tuesday evening on Jl. Inspeksi in Kali Malang, Bekasi. No reports were available whether the two victims were passengers of the van or passersby. It was also not known how the accident occurred. The victims' bodies were rushed to the Bekasi General Hospital for a post mortem examination, Antara reported. The traffic accident took place below the Cakung-Cilincing elevated toll road.
Thu, 15 Jan 1998, 00:00 WIB
Sponsor may be sued if pulls out of Asian Games
Sponsor may be sued if pulls out of Asian Games BANGKOK (Reuters): The Olympic Council of Asia (OCA) said yesterday it was preparing "in the worst case" to sue a Thai telecommunications firm that was trying to renegotiate a US$10 million sponsorship deal for the Dec. 6-Dec. 20 Asian Games. "This is not the time for fair weather friends," an OCA spokesman said in response to comments by Samart Corp.
Thu, 15 Jan 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 14, 1998: Buying Selling Rp Rp U.S dollar 6,500.00 8,500.00 Austrian shilling 509.00 631.10 Australian dollar 4,406.40 5,116.80 Belgian franc 178.00 209.60 Canadian dollar 4,738.70 5,462.20 Swiss franc 4,560.70 5,266.70 Deutschemark 3,695.70 4,297.50 Danish krone 973.20 1,124.40 French franc 1,106.40 1,279.50 Poundsterling 11,036.40 12,714.00 Hong Kong dollar 866.90 1,020.40 Italian lira 372.80 439.
Thu, 15 Jan 1998, 00:00 WIB
Poor electrical installation common
Poor electrical installation common JAKARTA (JP): As many as 700 buildings, including some high-rises, in the city have poorly installed electrical systems, a businessman has said. Mangatar Tobing, spokesman of the Indonesian Electricity Contractors Association, told reporters Tuesday that most developers only tried to provide electricity at the lowest possible cost. "They rarely hire legal electrical contractors," he said after a meeting with Governor Sutiyoso.
Thu, 15 Jan 1998, 00:00 WIB
More people jump on 'Love Rupiah' bandwagon
More people jump on 'Love Rupiah' bandwagon JAKARTA (JP): Real estate executives joined the "Love Rupiah" campaign yesterday, exchanging US$30,000 for the national currency, even though the property sector was the first and hardest hit by the monetary crisis. "We support the campaign because it is in our own interest," Enggartiasto Lukita, one of several developers to sell dollars, said.
Thu, 15 Jan 1998, 00:00 WIB
Special carriages for elderly, children
Special carriages for elderly, children YOGYAKARTA: The local office of the state railway company Perumka will provide special carriages for the elderly and children under five years of age during the Idul Fitri holiday. Antara quoted spokesman Purnomo as saying yesterday the company will assign one or two carriages in the economy section of trains leaving the Lempuyangan station here for elderly people and children under five.
Thu, 15 Jan 1998, 00:00 WIB
Doctors urged not to increase fees
Doctors urged not to increase fees JAKARTA (JP): The chairman of the Indonesian Medical Association (IDI) Azrul Azwar urged physicians yesterday not to add to the financial burden of patients which is already expected to increase with the scheduled rise in medicine prices. "IDI has never suggested doctors increase their billing," he said. But Azrul conceded that the association could not censure doctors who have allegedly raised their consultation fees.
Thu, 15 Jan 1998, 00:00 WIB
Businesspeople vow to back govt reforms
Businesspeople vow to back govt reforms JAKARTA (JP): Indonesian business leaders have pledged their support for any reform measures to be taken by the government to cope with the country's monetary crisis. "There's no need to blame each other again, we have to be responsible and take part in the restructuring of our economy," Sofyan Wanandi, chairman of the Gemala Group, said after a meeting between Indonesian business leaders and executives of Bank Indonesia, the central bank, Tuesday night.
Thu, 15 Jan 1998, 00:00 WIB
PSSI sets date for meeting with soccer clubs
PSSI sets date for meeting with soccer clubs JAKARTA (JP): The All Indonesian Football Federation (PSSI) is to meet local soccer clubs on Feb. 5 to discuss mutual problems them, including sponsorship. "The association will call club managers and owners to meet on Feb. 5 to discuss problems faced by the association including on the issue of promoters and sponsorship," PSSI secretary Nugraha Besoes said after meeting with State Minister of Youth Affairs and Sports Hayono Isman yesterday.
Thu, 15 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Thursday Maghrib 6:17 p.m. Friday Imsak 4:17 a.m. Subuh 4:27 a.m.
Thu, 15 Jan 1998, 00:00 WIB
Mentally ill boy escapes foundation
Mentally ill boy escapes foundation JAKARTA (JP): Relatives are searching for a mentally ill boy who escaped from a foundation on Jl. Kalideres, West Jakarta. Budiarjo Wardoyo alias Lie Tju Kie, 17, was believed to have escaped Pondok Bina Kasih Foundation at 5:30 p.m. on Jan. 6. Wardoyo, who is from Surabaya, East Java, has scars and stitch marks on his left hand. People who see the boy are invited to contact one of the boy's relatives, Soeseno Kurniawan, at Jl.
Thu, 15 Jan 1998, 00:00 WIB
Two men arrested for trafficking drugs
Two men arrested for trafficking drugs JAKARTA (JP): Central Jakarta Police detectives have arrested two brothers for allegedly consuming and trafficking low-grade heroin and marijuana. City Police spokesman Lt. Col. E. Aritonang said yesterday the two, identified only as Hen, 29, and Sam, 28, were caught during a raid at a house on Jl. Kebon Kacang Tuesday night. "The two were found high when the officers raided their house," he said.
Thu, 15 Jan 1998, 00:00 WIB
Entrepreneur sues BHS managers
Entrepreneur sues BHS managers JAKARTA (JP): A businesswoman is suing the management of liquidated Bank Harapan Sentosa (BHS) for failing to release her Rp 405 million (US$45,000) time deposit a day before the bank was closed by the government last November.
Thu, 15 Jan 1998, 00:00 WIB
Xanana's presence sought
Xanana's presence sought JAKARTA (JP): Constansio Costa Dos Santos alias Akuita, a 21- year-old man accused of making bombs for rebellion purposes, and Paul George Rodregues Pereira demanded yesterday that the Dili District Court present jailed East Timorese separatist leader Jose Alexandre "Xanana" Gusmao in their trial. Antara said the two defendants cited Xanana as being responsible for the bomb making activities that the authorities uncovered in Demak, Central Java, last September.
Thu, 15 Jan 1998, 00:00 WIB
S'pore interest rate rises
S'pore interest rate rises SINGAPORE (Reuters): Recent rises in prime interest rates by Singapore banks will not hurt the economy significantly, Deputy Prime Minister Lee Hsien Loong told parliament yesterday. "The MAS (Monetary Authority of Singapore) does not expect the rise in interest rates to affect the economy significantly," he said.
Thu, 15 Jan 1998, 00:00 WIB
Assembly to maintain floating mass policy
Assembly to maintain floating mass policy JAKARTA (JP): The minority Indonesian Democratic Party's (PDI) campaign for the revocation of the floating mass policy, long accused of curtailing political parties' outreach opportunities while giving undue clout to the dominant Golkar, looks set to be ditched.
Thu, 15 Jan 1998, 00:00 WIB
Government offensive 'needed to defuse crisis'
Government offensive 'needed to defuse crisis' JAKARTA (JP): Noted economist Rizal Ramli has criticized the government for being too defensive in handling the financial crisis. Rizal, a director of the Econit consulting agency, said a more offensive strategy was needed. He said Wednesday the government's approach had forced it to become defensive, such as by denying various rumors and calming down fears, and it lost the ability to take initiatives.
Thu, 15 Jan 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibition * Ramadhan Exhibition featuring Handicraft, Fashion, Food, at the Lobby, Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung, 10 a.m. to 8 p.m., until Jan. 29. Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant offers Ramadhan package. - Kutilang Restaurant: Sundanese music, Kecapi Suling, daily, 6 p.m. to 10:30 p.m. - Braga Bar and Lounge: Prospect Band, Thursday and Saturday, 7:30 p.m.
Thu, 15 Jan 1998, 00:00 WIB
Sedan stolen in West Jakarta
Sedan stolen in West Jakarta JAKARTA (JP): A BMW sedan belonging to a resident of Jl. Daya, Mapar subdistrict, West Jakarta, was reportedly stolen by three unidentified men early yesterday morning. The car, which belonged to Pranata Sastra Wijaya, was parked in front of the owner's house when three men approached the car, Sumarno, a witness, said. The men swiftly got into the car and escaped with it, he said.
Thu, 15 Jan 1998, 00:00 WIB
Military capture separatist rebels
Military capture separatist rebels JAYAPURA, Irian Jaya: Troops of the Trikora Military Command separately captured on Dec. 26 and Dec. 28 three members of a "security disturbance" group, a military spokesman said. Antara quoted Lt. Col. Herry Risdyanto as saying Tuesday the three were caught in two different places -- the first two in Ubano village, and the other in Tipakotu village. Risdyanto said the members might have intentionally allowed themselves to be captured.
Thu, 15 Jan 1998, 00:00 WIB
No need for demonstrations
No need for demonstrations From Surabaya Post There have been demonstrations in Surabaya and other cities related to the current monetary crisis. I appeal to fellow students to take direct action against the crisis. We may be one of the causes of the catastrophe, Ramadhan is a good month for introspection. We may be late in assessing the situation but never mind. We must now go into action. Following are steps to ease the monetary crisis. First, have fewer meals at foreign franchises.
Thu, 15 Jan 1998, 00:00 WIB
DBS buys stake in BSA
DBS buys stake in BSA SINGAPORE (Reuters): DBS Bank said yesterday that it had signed an agreement to buy a majority interest in the Bank of Southeast Asia, Inc, in the Philippines. A DBS bank statement said it had signed an acquisition agreement, a subscription agreement and other documents to acquire the Bank of Southeast Asia (BSA).
Thu, 15 Jan 1998, 00:00 WIB
Diana and JFK
Diana and JFK While visiting Jakarta in mid November 1997, I came across a letter addressed to the British High Commissioner by one of your readers. As I was deeply moved by Princess Diana's untimely death, when I was in London in the last week of September I visited Kensington Palace. I was surprised to see flowers being offered by the public even after almost a month since the fatal accident. I saw women's groups sitting outside the palace gates singing hymns and weeping silently.
Thu, 15 Jan 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 14, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 350 25 1,000 Alumindo Light Metal 250 0 451,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 800 -125 10,000 Aneka Tambang 1,350 25 5,410,500 Anwar Sierad 175 50 69,500 Apac Centertex Corp.
Thu, 15 Jan 1998, 00:00 WIB
Injured tiger not to be released
Injured tiger not to be released BANDARLAMPUNG, Lampung: The Tanjungkarang office of natural preservation has decided not to release a female Sumatran tiger (Panthera tigris) which was trapped last week in a West Lampung forest and lost one of its forelegs. Office head Harjanto Wahju Sukotjo was quoted by Antara as saying yesterday the tiger will be kept, and included in the breeding program of the Safari Park in Bogor, West Java.
Thu, 15 Jan 1998, 00:00 WIB
Pop greats cancel S'pore, KL shows
Pop greats cancel S'pore, KL shows SINGAPORE (DPA): Pop music greats Elton John and Billy Joel have canceled joint concerts in Singapore and Malaysia, reports said yesterday. The stars' managers claimed "unforeseen circumstances" had forced them to change their plans, the Straits Times newspaper said. The two men have been performing concerts together as the Face to Face tour since 1994.
Thu, 15 Jan 1998, 00:00 WIB
YKPK publicly supports Try for president
YKPK publicly supports Try for president JAKARTA (JP): The National Brotherhood Foundation (YKPK) announced yesterday its preference to see Vice President Try Sutrisno nominated for president. The chairman of the nationalist-oriented foundation, Bambang Triantoro, told journalists that Try was the most experienced and acceptable person to succeed President Soeharto. "We have no other choices but Try Sutrisno, because he is very close to Pak Harto.
Thu, 15 Jan 1998, 00:00 WIB
Thai depressed by RI's delay of sugar shipment
Thai depressed by RI's delay of sugar shipment BANGKOK (Reuters): The Thai white sugar market was depressed by market talk that Indonesia had delayed shipments of 100,000 tons of sugar from Thailand due to economic turmoil, trade sources said. Trade reports South Korea sold back up to 200,000 tons of sugar from Guatemala to traders due to the economic crisis also depressed the market further.
Thu, 15 Jan 1998, 00:00 WIB
No money trading, please!
No money trading, please! From Media Indonesia The value of the rupiah against the U.S. dollar is not logical any longer. The rupiah has sharply declined to a point where it is not clear how much further it will go. The change in exchange rate takes place not in a matter of hours or days but seconds. What devil has possessed our monetary world? I am a layman in financial and monetary affairs, but it is clear from recent happenings that things have gone wrong.
Thu, 15 Jan 1998, 00:00 WIB
Police probe burning of school
Police probe burning of school PALANGKA RAYA, Central Kalimantan: Police forensic experts are investigating the fire that gutted Saturday the SMU-I senior high school in Muara Teweh, North Barito regency, causing an estimated financial loss of Rp 1 billion (US$133,333). Antara quoted North Barito police chief Lt. Col. Sugeng S.K. as saying Tuesday that a team of experts from East Java have been dispatched and are expected to soon reveal the causes of the fire.
Thu, 15 Jan 1998, 00:00 WIB
Jakarta pigs find no home in West Java
Jakarta pigs find no home in West Java JAKARTA (JP): The city's plan to relocate pig farms from West Jakarta to West Java has been put on hold because West Java Governor Nuriana is against the plan, an official said yesterday. Deputy Governor of Administrative Affairs Abdul Kahfi said that up to now the city administration had not determined which plots would be appropriate for pig farms. "We are to discuss the matter with pig farm businesspeople and the West Jakarta mayor," he said.
Thu, 15 Jan 1998, 00:00 WIB
Crisis a time bomb for govt, Amien says
Crisis a time bomb for govt, Amien says BANDUNG (JP): The leader of the 28 million-strong Muhammadiyah Moslem Organization warned yesterday the government is sitting on a time bomb if it fails to quickly resolve the multidimensional crisis facing the country. "Pak Harto is sitting on top of a political volcano," Amien Rais told journalists in the West Java provincial capital yesterday. The monetary crisis, Amien said, heightens the possibility of the situation "exploding".
Thu, 15 Jan 1998, 00:00 WIB
Soeharto committed to reforms: Cohen
Soeharto committed to reforms: Cohen JAKARTA (JP): President Soeharto strongly assured visiting U.S. Defense Secretary William C. Cohen yesterday that he was committed to rebuilding confidence in his country's economy. The President was quoted by Cohen as saying he realized that the unstable economic situation here would also affect other countries in the region.
Thu, 15 Jan 1998, 00:00 WIB
Asian markets soar on revived confidence
Asian markets soar on revived confidence SINGAPORE (AFP): Asia-Pacific bourses surged yesterday as regional currencies stabilized and IMF and US officials voiced confidence the region's tattered economies would mend. Singapore stocks rose 7.5 percent, Kuala Lumpur 6.5 percent, Hong Kong 5.8 percent, Manila 6.0 percent, Shanghai 5.7 percent, Bangkok 5.4 percent, Jakarta 4.9 percent and Taipei 3.8 percent. Tokyo shares put on 2.5 percent and Sydney 1.5 percent.
Thu, 15 Jan 1998, 00:00 WIB
Big fight looms over RP food giant
Big fight looms over RP food giant MANILA (Reuters): A bid by a Hong Kong firm to take over San Miguel Corp could turn into one of the biggest fights in the Philippine corporate world and may revive a stock market battered by a regional currency crisis, analysts said yesterday. And looming over the scene is the shadow of a top crony of late dictator Ferdinand Marcos and his tussle with the Philippine government over ownership.
Thu, 15 Jan 1998, 00:00 WIB
No Tiger Cup, no Asiad for RI
No Tiger Cup, no Asiad for RI JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman told the All Indonesian Soccer Federation yesterday that the country's national team had to win the second Tiger ASEAN Cup championship if it wanted to compete at the 13th Asian Games in Bangkok in December. "There's an understanding that the national soccer team must win the Tiger Cup. If it fails, the association agrees not to field the team at the Asiad.
Thu, 15 Jan 1998, 00:00 WIB
Property recovery seen in four years
Property recovery seen in four years JAKARTA (JP): The country's property sector, which has been severely bruised by the monetary crisis since August, is estimated to recover in three to four years, according to the Indonesian Association of Real Estate Developers (REI). The association's chairman Edwin Kawilarang said here yesterday that if the national economy needed two years to recover, the property sector may need three or four years.
Thu, 15 Jan 1998, 00:00 WIB
Many cars fail emission tests
Many cars fail emission tests JAKARTA (JP): About 33 percent of 1,627 vehicles that underwent emission tests last month failed to meet the test's minimum requirements, an official has said. Kosasih, spokesman of the city environment office, said Tuesday that the vehicles tested consisted of 754 diesel-fueled cars and 873 gasoline-fueled cars.
Thu, 15 Jan 1998, 00:00 WIB
Presidential candidacy a political lesson
Presidential candidacy a political lesson Ousted PDI leader Megawati Soekarnoputri joins Moslem scholar Amien Rais in declaring her readiness to be nominated as president. Riswandha Imawan, a political lecturer at Gadjah Mada University in Yogyakarta, discusses the phenomena. Question: What political impact do you foresee after the two leaders declared their readiness to become president?
Thu, 15 Jan 1998, 00:00 WIB
Asia currencies roused by dull U.S. dollar
Asia currencies roused by dull U.S. dollar SINGAPORE (Reuters): Asian currencies leapt yesterday as the U.S. dollar slid against the yen and stock markets across the region took their cue from Wall Street's second session of gains. The dollar was hovering around 131 yen in late Asian trade against an overnight high of 132.95 yen, partly due to a rebound in Tokyo stocks.
Thu, 15 Jan 1998, 00:00 WIB
Tourino resigns from boxing committee
Tourino resigns from boxing committee JAKARTA (JP): Verbal punches are flying around Indonesian professional boxing this week as a dispute between two leading promoters is becoming mired in conflict and recrimination. Tourino Tidar is so unhappy over the poor attitude of the members of the Indonesian Boxing Committee (KTI) that he has decided to resign from the committee. In a letter to the KTI's caretaker chairman, Tri Tamtomo, Tourino said he no longer trusted the committee.
Thu, 15 Jan 1998, 00:00 WIB
SAFETY FIRST:
SAFETY FIRST: JP/alx Vice President Try Sutrisno (right) presents a Zero Accident Award certificate and plaque to PT ISM Bogasari director Franky Welirang. The Surabaya based company was among the 66 companies to be presented an award by Try here yesterday for their success in providing safety protection for their workers. One of the companies, PT Pupuk Kujang, has received the award for 10 consecutive years.
Thu, 15 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.
Thu, 15 Jan 1998, 00:00 WIB
East Java towns hit by riots after sudden price hike
East Java towns hit by riots after sudden price hike SURABAYA (JP): Armed Forces spokesman Brig. Gen. A. Wahab Mokodongan confirmed yesterday that riots had broken out in several East Java towns Tuesday as a result of the sudden price hike and the portioning of several basic commodities. "Some stores sold rice more expensive than the price established by the City Logistic Agency," he told The Jakarta Post yesterday.
Thu, 15 Jan 1998, 00:00 WIB
Twenty die in diarrhea outbreak
Twenty die in diarrhea outbreak TIMIKA, Irian Jaya: Twenty people have died and 10 others have been hospitalized in an outbreak of diarrhea that has hit Mimika regency over the past two weeks, Antara quoted an official yesterday. Regent Potereyauw said those affected were residents of Kokonau village in West Mimika district. The outbreak began early this month, and was caused by poor hygiene and a shortage of clean water.
Thu, 15 Jan 1998, 00:00 WIB
Husband's layoff drives woman to commit suicide
Husband's layoff drives woman to commit suicide JAKARTA (JP): Three women have been found dead in separate incidents during the past two days here. They were all believed to have committed suicide for different reasons, including because of a husband's failure to find a new job after being laid off. Rukmini, 40, was found dead by one of her daughters, Marina, 13, at the family's house in Kelapa Dua Wetan, East Jakarta, at 5.30 a.m. yesterday.
Thu, 15 Jan 1998, 00:00 WIB
Aneka Tambang profits doubled last year
Aneka Tambang profits doubled last year JAKARTA (JP): Publicly listed state mining company PT Aneka Tambang has said its unaudited net profit doubled to Rp 66 billion (US$8.25 million) last year. "Profit was within the target," company president Dedy Aditya Sumanegara said at a breaking of the fast gathering Tuesday. He said the company's unaudited sales last year were about Rp 419.3 billion, up from Rp 379.9 billion in 1996.
Thu, 15 Jan 1998, 00:00 WIB
ADRs rally on economic reform news
ADRs rally on economic reform news NEW YORK (Reuters): Indonesian ADRs headed higher in heavy trade Tuesday, reflecting market optimism about economic reforms in the troubled southeast Asian nation. The overall market in ADRs -- American Depositary Receipts -- rose on signs of stabilization in the Asian crisis and on a rally in computer-related stocks. "It's probably going to be like this for the next three or four days," a trader said.
Thu, 15 Jan 1998, 00:00 WIB
Indian rupee crosses 40 barrier to the dollar
Indian rupee crosses 40 barrier to the dollar BOMBAY (AFP): The Indian currency hit a record low here Wednesday, crashing through the psychological barrier of 40 rupees to the dollar for the first time. Dealers said it closed at 40.90 against the greenback after crashing to 40. 15 half an hour into the day's trading. The unit had plummeted to a close of 39.91 against the dollar on Tuesday, its previous record low.
Thu, 15 Jan 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Ninja The Wonder Boy 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Religious Program: Celah-Celah Ramadhan 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 7:30 Performances: Cakrawala Budaya 7:55 Live Reports: Peringatan Nuzulul Qur'an 9:00 World...
Thu, 15 Jan 1998, 00:00 WIB
Expats don't stockpile
Expats don't stockpile I got a call from my wife who was in Makro, saying everybody was buying up everything -- rice, sugar, cooking oil and milk. Checkout lines were so long that people were kept waiting one hour. She asked me what she should do. "Nothing," I said. "What if we run out of food?" I explained that it was irrational, that we can't act with foodstuffs the same irrational way the market reacted to the dollar. "We can eat rambutan from the trees in our compound," I joked.