Indonesian Political, Business & Finance News

Archive: 2 January 1998

62 articles found

TV today

TV todayTVRI 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 Music: Paket 27 6:00 News: Lintasan Berita 6:05 Nusantara, The...

Financial markets in Asia face critical start to 1998

Financial markets in Asia face critical start to 1998 SINGAPORE (Reuters): Asian financial markets, driven to their sick bed by the events of 1997, face a testing time in the new year as political and economic events threaten to push them from the critical list into intensive care.

Forensic tests on aborted fetuses go on

Forensic tests on aborted fetuses go on JAKARTA (JP): An ongoing forensic examination of the remains of fetuses and babies exhumed recently from several burial sites in Central Jakarta has revealed that they were from at least 46 fetuses and babies.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * 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., Jan. 2-29.

Southeast Asian feedmeal industry to be hit hard in 1998

Southeast Asian feedmeal industry to be hit hard in 1998 SINGAPORE (Reuters): Southeast Asia's feedmeal industry will be hit hard next year by the economic turmoil in the region, with production expected to fall 15 to 20 percent as meat consumption declines, traders said yesterday.

Where is this country headed?

Where is this country headed?From MerdekaRecent media reports informed us that the rupiah has depreciated by more than 100 percent against the U.S. dollar. Many people say our beloved country is in a crisis.

Good prospects for industries with local content: Sanyoto

Good prospects for industries with local content: Sanyoto JAKARTA (JP): Industries relying predominantly on local resources and with strong export potential will be the most prospective investment sectors this year, a senior official has said.

52 export firms deny special status facility

52 export firms deny special status facility JAKARTA (JP): Fifty-two export-related companies or 14 percent of the 450 companies applying for a special status facility from the government had failed to obtain approval from the related agencies, according to the industry and trade ministry.

Tighten your budget as the crisis sinks deeper

Tighten your budget as the crisis sinks deeper What are the prospects for Indonesia's economy in this new year after a prolonged monetary crisis last year? Economist Mari Pangestu discusses the issue. Question: Since the start of the monetary crisis in July the rupiah has lost more than 50 percent...

Ida Bagus Oka backs tourist clinic

Ida Bagus Oka backs tourist clinic DENPASAR, Bali: Bali Governor Ida Bagus Oka has welcomed a local hospital's plan to set up a special clinic for foreign tourists as a public health service."It's only appropriate for Bali as the largest tourist region in Indonesia to have an exemplary health...

Garuda profits from assets

Garuda profits from assets JAKARTA (JP): The country's flag carrier PT Garuda Indonesia estimated Wednesday that its net profit for 1997 would be Rp 232 billion, mostly due to the sale of productive assets.

Domestic violence increases

Domestic violence increases JAKARTA (JP): A woman activist called Wednesday for a stronger campaign against domestic violence and for the community to report cases of violence against women.Rita Serena Kolibonso, the director of the Mitra Perempuan women's crisis center, said public assistance...

Conservationists call for boycott

Conservationists call for boycott BANGKOK (AFP): Conservationists in Thailand have called for a consumer boycott of Thailand's largest company as well as its U.S. and French partners in the Yadana gas development project, reports said yesterday.

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.

Hotspots found in Central Java

Hotspots found in Central Java SEMARANG, Central Java: Eight new hotspots have been detected at Mount Merbabu, and the authorities are blaming the activities of locals making charcoal.Forest official Irfan Rosadi was quoted by Antara as saying that 14 people had been detained for starting the fires.

Vietnamese, U.S. vets begin trans-Vietnam bike journey

Vietnamese, U.S. vets begin trans-Vietnam bike journey HANOI (AP): Nearly 80 riders, half of them veterans of the Vietnam War, began a 1,200-mile (1,920-kilometer) bicycle journey yesterday from Hanoi to Ho Chi Minh City.The 16-day journey, called the Vietnam Challenge, has been organized by a U.S.

Artist Moelyono intends to promote social awareness

Artist Moelyono intends to promote social awarenessBy Chandra Johan JAKARTA (JP): Three village men rest in their chairs, blanketed in their sarongs and enjoying a smoke. The image is sketched in pencil all over a single wall of Galeri Lontar in East Jakarta.

Australia expects Jiang Zemin visit in 1998

Australia expects Jiang Zemin visit in 1998By Jack Taylor SYDNEY (AFP): Chinese President Jiang Zemin has accepted an invitation to visit Australia next year, capping Canberra's efforts to repair links which went close to breaking in 1996, reports said here Wednesday.

Our central bank's credibility

Our central bank's credibility Three former directors of Bank Indonesia are at present being questioned by the police. This is a rather sensational piece of news because it has been barely a week since they were dismissed from their positions.

Thailand needs loans to boost foreign reserves

Thailand needs loans to boost foreign reserves BANGKOK (AFP): Thailand needs an additional US$8 billion in loans to augment its existing International Monetary Fund (IMF) bailout package and boost foreign reserves, a report said Wednesday.

Police defend probe in alleged corruption acts

Police defend probe in alleged corruption acts JAKARTA (JP): The police has the legal right to investigate the alleged acts of corruption committed by three former directors at the central Bank Indonesia, according to a senior city police officer.

Devolution a must to fight poverty

Devolution a must to fight povertyBy S. Abdurrahman CANBERRA (JP): Various development programs, from the "vindicative" perspective of the Indonesian government, have been able to significantly ease out rural poverty for the past two decades.

Denmark's MLTR gives lesson to local music lovers

Denmark's MLTR gives lesson to local music loversBy Yogita Tahil Ramani JAKARTA (JP): One might not get enough of Danish pastries, and believe it or not, the same can be said of a boy-band from Denmark dishing out tunes in front of a never-to-break bathroom mirror.

Economists welcome the merger of four state banks

Economists welcome the merger of four state banks JAKARTA (JP): Economists and analysts hailed the government's plan to merge four of the country's seven state-owned banks, saying it was an important step toward improving the country's ailing banking industry.

Rebels blamed for kidnapping in RP

Rebels blamed for kidnapping in RP ZAMBOANGA CITY, Philippines (DPA): Moro rebels disgruntled over unkept government promises of livelihood assistance and benefits are responsible for the abduction of a coconut plantation owner in the southern Philippines, police said yesterday.Police Col.

Culture at center stage

Culture at center stage After the spate of depressing news reports assaulting us to no end during the past year, it is indeed gratifying to hear some good tidings for a change. This new year has been designated the Year of Art and Culture, and its official announcement was the essence of President...

Sarwono urges decree on natural disasters

Sarwono urges decree on natural disasters JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja has said another, more comprehensive decree on natural disasters is needed to better prepare for future problems.

PLN service

PLN serviceFrom RepublikaI live in Taman Adiyasa, Cikupa, Tangerang, West Java, and would like to express my objection to the inconsistent service of PLN's (the state-owned electricity company) Cikupa branch.

Kim Dae-jung vows to revive economy

Kim Dae-jung vows to revive economy SEOUL (Reuters): South Korea's president-elect Kim Dae-jung vowed yesterday to revive the ailing economic tiger in two years with the help of the International Monetary Fund but he also warned of difficult times ahead.

Indonesian films

Indonesian filmsFrom RepublikaOne day in November I decided to look for an Indonesian film to watch for a change. I opened a local newspaper in Bandung and browsed through the cinema advertisements. There were four Indonesian films among the 25 showing at the time.

U.S. trade slowing down, players eying Indonesia

U.S. trade slowing down, players eying Indonesia NEW YORK (Reuters): Corporate bond players focused on a downgrade to Indonesia's credit ratings in an otherwise nonexistent pre-holiday trading session.Debt spreads remained unchanged as traders set out early ahead of New Year's Day holiday when U.S.

Ramadhan time for Jakarta

Ramadhan time for JakartaFriday Maghrib 6.13 p.m.Saturday Imsak 4:10 a.m. Subuh 4.20 a.m.

Ali Alatas to meet Kofi Annan

Ali Alatas to meet Kofi Annan JAKARTA (JP): Minister of Foreign Affairs Ali Alatas will, in his capacity as new chairman of Group-77, meet with United Nations Secretary-General Kofi Annan at UN headquarters in New York in the second week of this month.

10-month jail for heroin users

10-month jail for heroin users JAKARTA (JP): A prosecutor asked the South Jakarta District Court Wednesday to sentence a musician and a private employee to 10 months in jail for consuming putaw, a low-grade heroin.

Govt to merge four state-owned banks

Govt to merge four state-owned banks JAKARTA (JP): The government will merge four of the seven state-owned banks into a single bank as part of reform measures in the banking industry, says Minister of Finance Mar'ie Muhammad.

Jakarta celebrates New Year's in a modest way

Jakarta celebrates New Year's in a modest way JAKARTA (JP): Even though Jakarta celebrated New Year's Eve modestly, with no sound of the customary live and loud music, fireworks or entertainment, people's joy could still be seen across the capital.

Calls for presidential succession grow louder

Calls for presidential succession grow louder JAKARTA (JP): Two political observers said Wednesday that to salvage the economy presidential succession should take place this year.Arbi Sanit, a lecturer at the University of Indonesia's School of Social and Political Sciences, and Dahlan Ranuwihardjo...

Counterfeit goods seized

Counterfeit goods seized JAKARTA (JP): National Police officers have seized over 1,000 counterfeit items bearing famous brandnames from 32 counters at four shopping centers here.According to Ibrahim Senen of the Dermawan & Co. law firm, the counterfeit items confiscated during the Dec. 29 and Dec.

Bulog suffers losses in market operation

Bulog suffers losses in market operation JAKARTA (JP): The National Logistics Agency (Bulog) suffers a loss of at least Rp 200 per kilogram of imported rice used in its market operation, its chairman said.

S&P lowers Indonesian ratings, outlook negative

S&P lowers Indonesian ratings, outlook negative JAKARTA (JP): Standard & Poors has cut Indonesia's long-term foreign currency rating to BB-plus from BBB-minus and its local currency rating to BBB-plus from A-minus.The Melbourne office of the U.S.

Container flow through Tanjung Priok rises 22%

Container flow through Tanjung Priok rises 22% JAKARTA (JP): Container flow, representing exports and imports, through Jakarta's Tanjung Priok rose 22 percent to 1.9 million 20-foot equivalent (TEU) in 1997 from 1.6 million in 1966, the port authority said.

Lifting body mulls coach's contract

Lifting body mulls coach's contract JAKARTA (JP): The Indonesian Weightlifting, Power lifting and Bodybuilding Association is leaning toward not renewing the contract of Bulgarian coach Nedelcho Kolev to give local coaches more experience.

Soeharto hints at readiness for another term

Soeharto hints at readiness for another term JAKARTA (JP): President Soeharto has indicated that he might be ready to be reelected for another presidential term next year, a senior government official said.

Wardiman optimistic over nation's schools

Wardiman optimistic over nation's schoolsBy Ivy Susanti JAKARTA (JP): The Ministry of Education and Culture is among government institutions which got its fair share of criticism over the past five years.

Malaysia rubber market seen languishing

Malaysia rubber market seen languishing KUALA LUMPUR (Reuters): After a lackluster 1997, Malaysia's rubber market is showing no sign of revival and experts say there may be no rebound in 1998.A sharp fall in the value of the Malaysian ringgit since the middle of this year has boosted prices of all...

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: UNV Band, Monday, 9 p.m. to 1 a.m., Haztoria Band, playing TOP 40, Tuesday, 9 p.m. to 1 a.m., Abouwhim VG and Bubi Chen Virtuoso Band, Back 60, Wednesday, 8 p.m. to 1 a.m.

Medan governor gets new office

Medan governor gets new office MEDAN, North Sumatra: Minister of Home Affairs Moch. Yogie. S. inaugurated the North Sumatra governor's new office yesterday.Located in the heart of the city on Jl. Diponegoro, the 11- story building will house offices for 2,700 provincial officials.

Govt accused of poor human rights development

Govt accused of poor human rights development JAKARTA (JP): The Indonesian Legal Aid Foundation (YLBHI) accused the government and the Armed Forces of poorly supporting the advancement and development of human rights.

Monetary crisis in Southeast Asia

Monetary crisis in Southeast Asia The monetary crisis in Southeast Asia should not be a puzzle. It is the end result of colonialism and imperialism systematically carried out by some European countries, Japan and lately the United States.

RI's population now 202.5 million

RI's population now 202.5 million JAKARTA (JP): The National Family Planning Board has claimed the estimated population of 202,535,145 on New Year's Day goes a long way to debunk dire predictions of Malthusian population increases made 30 years ago.

Soeharto calls for nation's support

Soeharto calls for nation's support JAKARTA (JP): President Soeharto is calling on the entire nation to throw its wholehearted support behind the government's efforts to overcome the economic crisis.In his end-of-year speech televised nationwide Wednesday, the President described 1997 as a...

Where to go in Bandung:

Where to go in Bandung: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.

Trust fund proposed to settle private debts

Trust fund proposed to settle private debts JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has proposed the establishment of a trust fund to help tackle mounting private foreign debts.

Man arrested for presidential poll

Man arrested for presidential poll BANDUNG, West Java: A man in Cilbaligo, Cimahi, was arrested by police Tuesday on suspicion of distributing unlawful ballot sheets proposing a new president and vice president.

Monetary crisis kills most small poultry farms

Monetary crisis kills most small poultry farms JAKARTA (JP): A sharp rise in feedmeal prices over the past several months has forced most small and medium poultry farms out of businesses, an official says.

1998 declared Year of Art and Culture

1998 declared Year of Art and Culture JAKARTA (JP): President Soeharto rang in the new year at the stroke of midnight yesterday, proclaiming it as The Year of Art and Culture.1998 is also a continuation of the Decade of Visit Indonesia to promote tourism, now the nation's top earner of badly needed...

What's wrong with us?

What's wrong with us? Right before the economic crisis, our per capita income was about US$1,400 per annum, which put us well above most poverty- stricken African countries, something that we could be proud of, even though we were still well below Malaysia which was above $2,000 per annum.

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 * "Sound of the Economy," a monthly panel discussion by experts, on audiocassette, opens another year of our English...

Jiang on Asian crisis

Jiang on Asian crisis BEIJING (AFP): China is "very concerned" about Asia's financial crisis, President Jiang Zemin said in a speech Wednesday to mark the end of a momentous year for his country."We are very concerned about the financial turmoil in some countries and regions," said Jiang, who also...

This Ramadhan ideal time to practice what we preach

This Ramadhan ideal time to practice what we preachBy Lila Fitri Aly JAKARTA (JP): Ramadhan this year brings about an uncommon moment for reflection.We all know fasting is about self-control -- but would better self-control help us in this crisis?Counting on millions of people as individuals to...

Window dressing props up Asian stock markets

Window dressing props up Asian stock markets HONG KONG (AFP): Most Asia-Pacific stock markets ended higher Wednesday as institutional funds dressed up their portfolios in the climax to a tempestuous 1997.The markets in Tokyo, Seoul, Manila and Jakarta were closed.

NCB-Interpol gets new boss

NCB-Interpol gets new boss JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo installed Col. Wayan Arjana as the new secretary of the National Central Bureau (NCB)-Interpol on Wednesday.Wayan, 51, previously served in Indonesia's Interpol central bureau for six years with his last position...