Archive: 16 January 1998
63 articles found
Fri, 16 Jan 1998, 00:00 WIB
Where to go in Surabaya:
Where to go in Surabaya: Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Decada Band with a Saxophone player, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m. to 10:45 p.m., Saturday at 7 a.m. to 11 p.m. - Lobby: Gamelan, Traditional Music, daily, 6 p.m. to 12 p.m. * Elmi Hotel, Jl. Panglima Sudirman No.
Fri, 16 Jan 1998, 00:00 WIB
National interest is more important, says Tommy
National interest is more important, says Tommy JAKARTA (JP): President Soeharto's youngest son, Hutomo Mandala Putra, said yesterday he fully accepted the government's decision to scrap the tax breaks awarded to his national car project. "The national interest is more important than the interests of a project," Hutomo, better known as Tommy, said yesterday.
Fri, 16 Jan 1998, 00:00 WIB
Young chef Degan makes mark in kitchen
Young chef Degan makes mark in kitchen By Putu Wirata DENPASAR, Bali (JP): Heard the one about a hapless cook who had to peel 10 kilograms of onion and 20 kilograms of potatoes by hand? He also had to clean the fridge, rooms, kitchen and put out the garbage by himself. It was no joke for Degan Suprijadi, an executive sous chef at Hotel Ritz-Carlton Bali. "I did it when I was an apprentice in a 50-room hotel in Germany," he recalled. The hard work paid off in the long run.
Fri, 16 Jan 1998, 00:00 WIB
Profit-taking hits stock markets
Profit-taking hits stock markets HONG KONG (AFP): Investors were quick to lock in profits yesterday on two days of handsome gains, cutting short a rally on Asia-Pacific stock markets. The profit-taking overshadowed optimism sparked by a new agreement between Indonesia and the International Monetary Fund spelling out tough new reform measures to pull the country's economy back from the brink. The markets were waiting for Indonesia to follow up on the agreement with concrete action, analysts said.
Fri, 16 Jan 1998, 00:00 WIB
'Love rupiah' drive (2)
'Love rupiah' drive (2) From Merdeka I welcome the "Love rupiah" drive despite the half-hearted and symbolic impression it generates. The business tycoons who were expected to come with huge amounts of dollars to be changed into rupiah, have so far only brought tens or hundreds of thousands dollars, a maximum of one million. Certainly it has not given the optimum psychological effect, but the intention is there.
Fri, 16 Jan 1998, 00:00 WIB
Man commits suicide in hotel
Man commits suicide in hotel JAKARTA (JP): A 27-year-old man is believed to have committed suicide by drinking insecticide in a hotel on Jl. Proklamasi in Central Jakarta yesterday afternoon, police have said. First Lt. T.H. Sinaga of Menteng subprecinct said the victim, identified as Ferry Indra, a resident of Kebon Kosong, Tanah Abang in Central Jakarta, was found dead by a Mega Hotel employee.
Fri, 16 Jan 1998, 00:00 WIB
Soeharto forms special team to monitor reform
Soeharto forms special team to monitor reform JAKARTA (JP): President Soeharto formed a special team yesterday to monitor the implementation of the massive economic reform program agreed by the International Monetary Fund (IMF) in exchange for a multibillion-dollar bailout package.
Fri, 16 Jan 1998, 00:00 WIB
Soeharto unveils sweeping reforms
Soeharto unveils sweeping reforms JAKARTA (JP): President Soeharto announced a series of drastic economic measures yesterday which are expected to lift the nation out of its present predicament. But he warned that the nation must brace for a difficult time before things improved, predicting zero economic growth and 20 percent inflation this year, fueled in part by sharp increases in the fuel prices beginning in April.
Fri, 16 Jan 1998, 00:00 WIB
City to hire only 122 new teachers
City to hire only 122 new teachers JAKARTA (JP): The city education and teaching office will hire only 122 new elementary school teachers this academic year even though it has been estimated that Jakarta currently needs 2,300 additional teachers, an official has said. Sulam Ruchiyat of the office said yesterday that the city's inability to recruit more teachers was mainly due to a lack of funds.
Fri, 16 Jan 1998, 00:00 WIB
Shoot on the spot, says police chief
Shoot on the spot, says police chief BANDAR LAMPUNG, Lampung: Provincial police chief Col. Gendro B.S. has ordered his members to take a tough stance against criminals, and shoot them on the spot if necessary. Antara quoted the police chief as commenting on the reported increase in the crime rate and armed robberies in Lampung. "This shoot on the spot (order) is necessary so that armed criminals do not have the chance to kill other people," he said here Wednesday.
Fri, 16 Jan 1998, 00:00 WIB
Police confiscate 25 kg of gunpowder
Police confiscate 25 kg of gunpowder DEMAK, Central Java: Police confiscated 25 kilograms of gunpowder for the making of firecrackers in a raid Wednesday in Botosengon village, Dempet district, Demak regency. Demak police chief Lt. Col. Arifudin Kamisi confirmed that eight people are now under investigation. He told The Jakarta Post that they could be charged under criminal law. Central Java Police Chief Maj. Gen.
Fri, 16 Jan 1998, 00:00 WIB
Tangerang labor projects to begin
Tangerang labor projects to begin TANGERANG (JP): Government-run projects in Tangerang are set to begin Monday and are expected to temporarily employ 73,260 blue-collar workers to ease unemployment problems in the city. Tangerang Mayor H. Djakaria Mahmud said yesterday that the labor-intensive projects, financed by the central government with a budget of Rp 620.8 million (US$87,000), were to be conducted in 79 subdistricts.
Fri, 16 Jan 1998, 00:00 WIB
Fire guts supermarket
Fire guts supermarket JEMBER, East Java: The Sumbermas supermarket on Jl. Sultan Agung was gutted by fire early yesterday, causing billions of rupiah in losses. Antara reported that the fire was discovered at 2.45 a.m. at the back of the second largest store in town, and was accompanied by an explosion. The largest store here is Matahari. There were no reported casualties. The main traffic connecting terminal Tawangalun and Kota was closed all day. Authorities have started an investigation.
Fri, 16 Jan 1998, 00:00 WIB
Reforms could turn economy around: IMF
Reforms could turn economy around: IMF JAKARTA (JP): International Monetary Fund managing director Michel Camdessus said yesterday Indonesia had taken decisive steps that, if implemented fully, could turn its economy around. The IMF chief, speaking to journalists at Hotel Borobudur Inter-Continental, said the reform package which President Soeharto announced earlier was wholeheartedly endorsed by the President.
Fri, 16 Jan 1998, 00:00 WIB
Airlines hit turbulence as Asia's economies plummet
Airlines hit turbulence as Asia's economies plummet HONG KONG (AFP): Asia's financial turmoil is beginning to take its toll on regional airlines, with Cathay Pacific reportedly planning hundreds of lay-offs, Qantas cutting flights and Air France moving its regional headquarters. With stock markets and currencies plummeting, tourist and business traffic within the regional are also drying up, and the airlines are among the first to take the brunt. Hong Kong flagcarrier Cathay Pacific Airways Ltd.
Fri, 16 Jan 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan.
Fri, 16 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.
Fri, 16 Jan 1998, 00:00 WIB
Central bank needs to improve public disclosure mechanism
Central bank needs to improve public disclosure mechanism JAKARTA (JP): Bank Indonesia (BI), the central bank, should be able to find better ways of informing the public about the condition of the country's commercial banks without having to violate the 1992 Banking Law, said a banking analyst yesterday. Remy Sjahdeini said the central bank's transparency in the condition of banks had nothing to do with the secrecy provision in the banking law.
Fri, 16 Jan 1998, 00:00 WIB
29 entrepreneurs join rupiah drive
29 entrepreneurs join rupiah drive MEDAN, North Sumatra: A group of 29 local businesspeople joined the "Love Rupiah" drive yesterday, contributing Rp 3.3 billion (US$440,000) to the government. The money will be placed in a savings account in a state bank and its interest will be used for charity purposes. Among the highest contributors were young businessman Rachmadsyah who gave Rp 200 million, as did Sukamto Tanoto of PT Inti Indorayon Medan.
Fri, 16 Jan 1998, 00:00 WIB
RI is not a threat: Howard
RI is not a threat: Howard SYDNEY (Reuters): Australian Prime Minister John Howard said on Thursday that the economic difficulties in Indonesia did not represent an immediate concern for Australia. "I don't think there is any cause at all for any direct immediate concern as far as the Australian economy is concerned," Howard told reporters when asked about economic difficulties in Indonesia.
Fri, 16 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Friday Maghrib 6:17 p.m. Saturday Imsak 4:18 a.m. Subuh 4:28 a.m.
Fri, 16 Jan 1998, 00:00 WIB
Where to go in Bali:
Where to go in Bali: Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday. Legong Terompong Dance, Tuesday. Ramayana Dance, Thursday. - BB Discotheque: Fashion show, every Friday. Dance show by Andromeda, Friday, 9 p.m. to 3 a.m. - Coconut Wharf Restaurant: Italian Cuisine Beach Side, daily, 8 a.m.
Fri, 16 Jan 1998, 00:00 WIB
Probe into alleged rape to go on: Aritonang
Probe into alleged rape to go on: Aritonang JAKARTA (JP): A senior police officer has assured relatives of the late Cong Fung Moi, reportedly raped by a Thai monk, that detectives would continue to investigate the allegation even though the victim had died. City Police Spokesman Lt. Col. E. Aritonang said yesterday the investigation would be officially closed only if no evidence was found to substantiate the claim.
Fri, 16 Jan 1998, 00:00 WIB
Rain has come to Indonesia but the problems remain
Rain has come to Indonesia but the problems remain By Jon Corbett and Mary Stockdale SAMARINDA: Well, the rains have finally come. The forest fires in Indonesia will no longer be news in your part of the world. But life in Samarinda, in East Kalimantan, is not yet back to normal and it sometimes seems doubtful whether it ever will be. The smoke you heard so much about was only one of the more obvious effects of the long drought we've had for the past few months.
Fri, 16 Jan 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 15, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 375 25 1,000 Alumindo Light Metal 250 0 511,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 1,050 250 50,000 Aneka Tambang 1,325 -25 7,665,500 Anwar Sierad 150 -25 266,500 Apac Centertex Corp.
Fri, 16 Jan 1998, 00:00 WIB
Government urged to start more labor-intensive schemes
Government urged to start more labor-intensive schemes YOGYAKARTA (JP): The government is being urged to implement labor-intensive programs throughout the country to avoid possible unrest due to the swelling number of unemployed or laid-off laborers. Sociologist Nasikun told The Jakarta Post that such projects should not only focus on Greater Jakarta. "Have they thought about the conditions in the outer regions?
Fri, 16 Jan 1998, 00:00 WIB
Honest information needed
Honest information needed From Neraca If we observe how circumstances have evolved lately, it seems that Jakartans are inclined to mass panic when the root cause, upon further observation, is uncertain information about the present economic turmoil. Clearly, rumors can easily influence the community. Obviously, this condition must not be allowed to spread as otherwise it will disrupt stability and, finally, national unity.
Fri, 16 Jan 1998, 00:00 WIB
Gajah Mada Plaza gets skating rink
Gajah Mada Plaza gets skating rink JAKARTA (JP): Ponderosa Group, which holds the local franchises for the Pizza Hut and Amigos restaurant chains, and Putt-Putt Golf & Games from the United States, introduced yesterday a facility for ice skating on synthetic ice. Ponderosa was appointed by management consulting firm Grant Thornton Byrindo. The facility at Gajah Mada Plaza, Central Jakarta, called Super Ice and Cafe, is run by PT Putt-Putt Indonesia.
Fri, 16 Jan 1998, 00:00 WIB
Sovereignty at stake in govt-IMF deal, House warns
Sovereignty at stake in govt-IMF deal, House warns JAKARTA (JP): Legislators pledged full support yesterday for the government's commitment for sweeping economic reforms reached after consultation with the International Monetary Fund, but warned that it should not sacrifice the people and the country's sovereignty. House Speaker Harmoko hailed the government for making a realistic decision and showing determination to cope with the economic turmoil.
Fri, 16 Jan 1998, 00:00 WIB
Tourism bodies ready to lure in Asian tourists
Tourism bodies ready to lure in Asian tourists JAKARTA (JP): The Indonesian Tourism Promotion Board (BPPI), in cooperation with national flag carrier Garuda Indonesia, the Association of Indonesian Tour and Travel Agencies (ASITA) and Singapore Airlines (SIA), launched special travel packages yesterday to attract tourists from Taiwan, Hong Kong and Singapore.
Fri, 16 Jan 1998, 00:00 WIB
New monetary and exchange rate policy
New monetary and exchange rate policy JAKARTA (JP): The Letter of Intent on reinforced and strengthened reform measures agreed with the IMF which was signed by President Soeharto yesterday was supplemented with a 13-page appendix which contains a Memorandum on Economic and Financial Policies.
Fri, 16 Jan 1998, 00:00 WIB
Japan supports RI reforms under IMF agreement
Japan supports RI reforms under IMF agreement TOKYO (Agencies): Prime Minister Ryutaro Hashimoto pledged Japan's continued support for Indonesia's economic rehabilitation yesterday following the signing of an agreement linked to a massive IMF-led bailout. "I sincerely welcome it," he commented on the new letter of intent signed earlier in the day in Jakarta by President Soeharto and Michel Camdessus, managing director of the International Monetary Fund (IMF).
Fri, 16 Jan 1998, 00:00 WIB
Soeharto holds rare media conference
Soeharto holds rare media conference JAKARTA (JP): President Soeharto explained the newly negotiated economic reform package which he will carry out under the supervision of the International Monetary Fund (IMF) in a rare media conference yesterday held in his living room at his residence on Jl. Cendana, Central Jakarta.
Fri, 16 Jan 1998, 00:00 WIB
Coping with crisis
Coping with crisis President Soeharto finally demonstrated a full recognition of the economic crisis in which the nation is currently mired by committing himself to a strengthened reform program which will hit hard, among other things, at the business interests of his family members and close relatives.
Fri, 16 Jan 1998, 00:00 WIB
Economists welcome economic reforms
Economists welcome economic reforms JAKARTA (JP): Economists and capital market analysts hailed yesterday's massive economic reform program as an extraordinary measure to restore confidence in the country's economy. They all described the program as a nondiscriminatory bold move. "This reform program in fact exceeds market expectations. This is a bold measure, which is different from the one announced late last year," David Chang, head of research at Trimegah Securities, told The Jakarta Post.
Fri, 16 Jan 1998, 00:00 WIB
Leading government critics join hands for reforms
Leading government critics join hands for reforms JAKARTA (JP): Some twenty prominent government critics, including Megawati Soekarnoputri, Amien Rais, Ali Sadikin and Supeni, urged the government to make urgent economic and political reforms at a meeting here yesterday. The group, calling itself the Group of Oct. 28, issued a statement saying fundamental reforms were the only answer to the ongoing monetary crisis which has gripped the country since July last year.
Fri, 16 Jan 1998, 00:00 WIB
Richard Gere stands on anti-China soapbox in 'Red Corner'
Richard Gere stands on anti-China soapbox in 'Red Corner' By Stevie Emilia JAKARTA (JP): Red Corner is the sort of film that hits you in the gut, invoking a nameless fear of being framed for murder in a foreign country (China, in this case) known for its complicated legal system. What's more, nobody believes you are innocent. Hanging heavy over your head is the possibility of conviction for a capital offense, mandating death by firing squad a week after the verdict is read.
Fri, 16 Jan 1998, 00:00 WIB
PWI upbeat media will survive crisis
PWI upbeat media will survive crisis JAKARTA (JP): Chairman of the Indonesian Association of Journalists (PWI) Sofjan Lubis said yesterday he was confident that despite the economic crisis and the high price of newsprint, no Indonesian publication would close down or go bankrupt. He said although his association had received several complaints from local publications about the newsprint price, it had not heard any report about publications closing.
Fri, 16 Jan 1998, 00:00 WIB
'Love rupiah' drive (1)
'Love rupiah' drive (1) Mrs. Siti Hardiyanti Rukmana (Mbak Tutut), in all earnestness, has started a campaign to make the people of Indonesia love their currency. With much fanfare, ministers, government officials and a few businessmen also "sold" their dollars. I firmly believe that Mbak Tutut's sincere efforts will be reduced to a farce by some insincere people.
Fri, 16 Jan 1998, 00:00 WIB
S&P downgrades ratings of RI banks
S&P downgrades ratings of RI banks JAKARTA (JP): International ratings agency Standard and Poor's Corp (S&P) yesterday downgraded its ratings on 15 Indonesian banks to reflect the economic deterioration caused by the rupiah's rapid fall. The agency said in a statement that the sharp currency depreciation had exacerbated asset-quality difficulties, stemming from rising corporate borrower defaults, facing Indonesian banks.
Fri, 16 Jan 1998, 00:00 WIB
Chilly champ Mia in tough test at Japan Open
Chilly champ Mia in tough test at Japan Open TOKYO (AFP): Indonesian Mia Audina survived an unexpectedly tough challenge from Japan's Kanako Yonekura yesterday as she continued her defense of her women's singles title at the Yonex Japan Open badminton event. "I was confident of winning, but it doesn't mean I always win. It was very cold (due to snow outside) and it took some time to get used to the conditions," Mia said at the end of her 12-11, 12-11 third-round victory.
Fri, 16 Jan 1998, 00:00 WIB
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Double negatives aren't the most agonizing form of death for the language learner, but you might not be able to convince TOEFL victims of this. A simplistic explanation is that negative + negative = positive, but like much in English, it's more complex, and more subtle, than this.
Fri, 16 Jan 1998, 00:00 WIB
Spiritual crisis 'root of problems'
Spiritual crisis 'root of problems' JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher said yesterday that the root of the nation's problems stemmed from a spiritual crisis emanating from pervasive materialism.
Fri, 16 Jan 1998, 00:00 WIB
Coconut oil prices lower in Euro market
Coconut oil prices lower in Euro market LONDON (Reuters): Coconut oil prices closed sharply lower in active trading on the European vegetable oil market during Wednesday afternoon. Prices have fallen a total of $50 to $55 a ton since Indonesia said on Tuesday it would not ban the export of coconut oil. Speculative buying pushed prices higher on fears that Indonesia would follow up its ban on the export of all grades of palm oil with a similar block on coconut oil.
Fri, 16 Jan 1998, 00:00 WIB
Property market to remain sluggish
Property market to remain sluggish JAKARTA (JP): The property market would remain sluggish until 1999 as a decrease in demand for space from local companies would continue, a leading property consultancy firm said yesterday.
Fri, 16 Jan 1998, 00:00 WIB
Vehicle thief shot dead
Vehicle thief shot dead JAKARTA (JP): An alleged motorcycle thief has been shot dead by a police patrol in West Jakarta, City Police spokesman Lt. Col. E. Aritonang said yesterday. He said the suspect, identified as Siog bin Karyo, 32, allegedly stole a motorcycle belonging to Powing Cie Kiu, 30, of Jl. Al Jihad in Jembatan Besi on Wednesday. "The motorcycle was parked in the owner's front yard. The suspect opened the gate and tried to start the motorcycle with a modified key," said Aritonang.
Fri, 16 Jan 1998, 00:00 WIB
Reforms fails to impress rupiah and stocks
Reforms fails to impress rupiah and stocks JAKARTA (JP): A new reform measure announced by the government yesterday failed to impress financial markets yesterday, with both the rupiah and share prices losing ground in moderate trading. "The price of the rupiah in the market has been discounted by the high expectation of the market on the visit of IMF officials to Indonesia," a currency dealer said.
Fri, 16 Jan 1998, 00:00 WIB
Bank Jakarta defied warnings: Lawyers
Bank Jakarta defied warnings: Lawyers JAKARTA (JP): Government lawyers revealed yesterday that the liquidated Bank Jakarta, owned by President Soeharto's half brother Probosutedjo, had been ailing over the past several years and that it had ignored dozens of warning letters prior to its closure in November.
Fri, 16 Jan 1998, 00:00 WIB
Economic, political reforms must empower people: NGOs
Economic, political reforms must empower people: NGOs JAKARTA (JP): Three rural-based non-governmental organizations are calling for economic and political reforms that will empower people. Activists of the Bandung-based Akatiga and Jakarta-based Bina Desa and LPIST said that attention should be paid to the effect of the monetary crisis on common people and small-scale entrepreneurs.
Fri, 16 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: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 TV Drama: Peringatan Allah 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Development Program: Dynamic 8:05 Music: Kenangan Masa 9:00 World News 9:30 Koran Recital 9:45 Religious Program:...
Fri, 16 Jan 1998, 00:00 WIB
Bank Lippo's Cirrus frustrating
Bank Lippo's Cirrus frustrating I am holder of a Lippo ATM card bearing the Cirrus and Alto logos No.705-15-01676-1. On Jan. 6, I withdrew Rp 400,000 from the Bank Seri Partha ATM with the Cirrus logo at Legian in Bali. The machine only produced a slip stating the amount withdrawn but not the balance of my account. On Jan 7, I made another withdrawal at Bank Nasional Indonesia bearing the Cirrus logo. The amount was Rp 300,000. The slip mentioned a debit of Rp 640,000.
Fri, 16 Jan 1998, 00:00 WIB
Is Japan responsible for the crisis?
Is Japan responsible for the crisis? By Edward Neilan Don't blame Indonesia, blame Japan for irresponsibility in setting precedents for loose lending, corruption patterns. Confidence is the issue in widening Asian financial crisis. TOKYO (JP): In Japanese Prime Minister Ryutaro Hashimoto's recurring nightmare, he is the captain of the Titanic Maru and it is sinking fast. The overpowering gushing sounds of the S.S. Indonesia nearby caught in a downward spiral of big waves is deafening. The S.S.
Fri, 16 Jan 1998, 00:00 WIB
Students rally for actions to defuse crisis
Students rally for actions to defuse crisis BOGOR (JP): Dozens of students participated in a rally outside of the Bogor legislative council office Wednesday to urge authorities to take immediate steps to cope with the current economic turmoil.
Fri, 16 Jan 1998, 00:00 WIB
192,000 people temporarily hired
192,000 people temporarily hired BREBES, Central Java: As of Tuesday, the local administration had hired as many as 192,000 people who had lost their jobs in labor-intensive projects such as building dams, cleaning drains and rivers and renovating city roads, an official said. Regent Samsudin Sagiman told The Jakarta Post that the National Development Planning Board had distributed Rp 1.63 billion to pay for the fees for 80 working days.
Fri, 16 Jan 1998, 00:00 WIB
Weak Asian tiger ends West's easy takings
Weak Asian tiger ends West's easy takings By Martin Woollacott LONDON: Rioters in Bandung smash the windows of Chinese stores, while in Saigon thousands watch the execution of businessmen charged with corruption. In Seoul foreigners fly in to buy, or buy into, whole firms that a few months ago they could only have dreamed of purchasing. In Tokyo, Japanese banks admit they have debts three times larger than previously admitted.
Fri, 16 Jan 1998, 00:00 WIB
Agroindustry could lead Indonesian economic recovery
Agroindustry could lead Indonesian economic recovery We have been closely following the domestic food situation and asked Dr. H.S. Dillon, Executive Director of the Center for Agricultural Policy Studies, who has held various senior positions in the Ministry of Agriculture. We asked his opinion on how the budget will affect Indonesian food and agriculture. Question: How do you see the 1998/99 draft budget?
Fri, 16 Jan 1998, 00:00 WIB
Laggard U.S. risks losing Asian influence: Analyst
Laggard U.S. risks losing Asian influence: Analyst SINGAPORE (Reuters): The U.S. response to Asia's huge economic crisis has been slow and inadequate, risking a serious loss of influence and even an anti-American backlash over the long term, Asian analysts said yesterday. "Everyone thinks the Americans were very slow and are reacting now because it's having an impact in the United States," said Sachi Phamampham, editor of the Asian Defence, Diplomacy magazine in Kuala Lumpur.
Fri, 16 Jan 1998, 00:00 WIB
Police continue two murder investigations
Police continue two murder investigations TANGERANG (JP): Local police are still investigating two separate murder cases which occurred here earlier this week. Tangerang Police chief Lt. Col. Ariyanto Boedihardjo said yesterday that the motives for both killings remained unknown and that his detectives were still collecting information on the cases. "We hope to know the answers in the near future," said Ariyanto. One of the victims was Supandi, 33, of Desa Penggilingan in Ciledug district.
Fri, 16 Jan 1998, 00:00 WIB
Bank workers, pedestrian shot in armed robbery
Bank workers, pedestrian shot in armed robbery JAKARTA (JP): Two bank employees and a pedestrian were shot during an armed robbery in the parking lot of Harapan Kita Hospital in West Jakarta yesterday morning. The robbers seized a briefcase containing Rp 5 million (US$770) cash which was being delivered to a Bank Central Asia (BCA) branch office at the hospital, said City Police spokesman Lt. Col. E. Aritonang. Witnesses claim that there were at least six robbers involved in the incident.
Fri, 16 Jan 1998, 00:00 WIB
Highlights of the IMF economic reform package
Highlights of the IMF economic reform package JAKARTA (JP): These are some of the main points in the memorandum attached to the letter of intent from President Soeharto to the International Monetary Fund. * Gradual elimination of fuel and electricity subsidies, starting on April 1. * Increases in excises on alcohol and tobacco on July 1.
Fri, 16 Jan 1998, 00:00 WIB
Asia to get restive and have more jobless
Asia to get restive and have more jobless The pool of jobless and underemployed workers in Asia will grow bigger and more restive in the coming months, writes Prangtip Daorueng of Inter Press Service. BANGKOK: Workers across East Asia, many of them used to decades of job security, face increasingly uncertain times as the region's economic slowdown threatens to throw more laborers out of work in the coming months.
Fri, 16 Jan 1998, 00:00 WIB
Full text of IMF statement on Indonesia
Full text of IMF statement on Indonesia JAKARTA (JP): The following is the full text of the statement yesterday by International Monetary Fund (IMF) Managing Director Michel Camdessus on the IMF fresh reform program with Indonesia: As you know, an IMF staff team together with Mr Fischer and myself, have over the last few days been discussing with Indonesian authorities an acceleration and deepening of much needed reforms agreed under the IMF supported program.
Fri, 16 Jan 1998, 00:00 WIB
KONI to finance training if govt budget canceled
KONI to finance training if govt budget canceled JAKARTA (JP): National Sports Council task force chairman Muhammad Hindarto said yesterday the council would still finance training for the 13th Asian Games if the National Development Planning Board canceled its plan to provide Rp 2 billion (US$267,000).