Archive: 20 January 1998
61 articles found
Tue, 20 Jan 1998, 00:00 WIB
Rupiah remains weak
Rupiah remains weak Indonesia is facing a great dilemma in implementing the reinforced and strengthened economic reforms agreed upon with the International Monetary Fund last Thursday. The crux is that a persistently volatile and weakening rupiah would make it next to impossible to implement the 50-point package of sweeping, painful reform measures. The level of the rupiah's exchange rate seems a much lesser problem than its stability.
Tue, 20 Jan 1998, 00:00 WIB
Ships prepared for Idul Fitri
Ships prepared for Idul Fitri SURABAYA, East Java: Fourteen ships with a total daily capacity of 70,000 passengers have been readied in anticipation of the jump in travelers expected to use the Ketapang, East Java- Gilimanuk, Bali ferry service as the Idul Fitri holiday approaches. The head of the sea, river, lake and ferry transport office, Djohanibar Adjudin, said yesterday the ships, along with another three on reserve, were ready to make 112 trips to serve the much- used ferry link.
Tue, 20 Jan 1998, 00:00 WIB
Soeharto honors Indonesian farmers
Soeharto honors Indonesian farmers JAKARTA (JP): President Soeharto demonstrated yesterday his appreciation and highest respect for Indonesian farmers, especially those who have made outstanding progress in boosting agricultural production. The President held a breaking of the fast gathering for 20 winners of the 1997 National Competition for Agricultural Intensification at the State Palace. "In this palace banquets are usually held to honor visiting heads of government or state.
Tue, 20 Jan 1998, 00:00 WIB
Official voices doubts on region
Official voices doubts on region SINGAPORE (AP): Restoring stability to Asian financial systems will be difficult, the head of Singapore's Monetary Authority, Lee Hsien Loong, was quoted as saying yesterday. "When the financial system goes wrong, it is very hard to put it back again," The Straits Times daily quoted Lee as saying in informal remarks to reporters.
Tue, 20 Jan 1998, 00:00 WIB
Sri Bintang's trial gets new prosecutor
Sri Bintang's trial gets new prosecutor JAKARTA (JP): Lesbassa Habel replaced S.T. Silangit as the prosecuting attorney yesterday in the ongoing subversion trial of Sri Bintang Pamungkas at the South Jakarta District Court. "A letter dated Jan. 19 from the deputy attorney general for special crimes has instructed prosecutor Silangit to handle a corruption case in Surabaya (East Java)," Lesbassa said. "The letter does not explain how long Silangit will be assigned to Surabaya, but the point is...
Tue, 20 Jan 1998, 00:00 WIB
Ali Hasjmy dies in Banda Aceh
Ali Hasjmy dies in Banda Aceh BANDA ACEH: One of Aceh's most prominent religious teachers Ali Hasjmy died in hospital here Sunday afternoon while recovering from a heart attack. Hasjmy, 84, who was also known as a philosopher and poet, was well loved and known throughout the country. He wrote no less than 56 books throughout his life. President Soeharto sent a cable expressing his condolences, Antara reported.
Tue, 20 Jan 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 19, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 0 4,500 Alumindo Light Metal 250 25 3,182,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 1,200 0 320,000 Aneka Tambang 1,500 150 12,141,500 Anwar Sierad 150 25 86,000 Apac Centertex Corp.
Tue, 20 Jan 1998, 00:00 WIB
Asian crisis has a silver lining for U.S.
Asian crisis has a silver lining for U.S. NEW YORK (AP): General Motors is gearing up to move into Indonesia. Hewlett-Packard is talking to suppliers about using more Asian-made components in its high-tech goods. And Dell Computer is trimming the price of a popular computer. The Asian financial turbulence, which has buffeted the currency and stock markets of far-flung economies, may offer unexpected opportunities and benefits to American consumers and companies.
Tue, 20 Jan 1998, 00:00 WIB
Private foreign debt 'key' to rupiah repair
Private foreign debt 'key' to rupiah repair JAKARTA (JP): The recovery of the tumbling rupiah will depend largely on the handling of the country's huge private debts, analysts say. The head of ING Barings' regional economic and debt research unit, Chris Tinker, said yesterday confidence in the rupiah -- which has lost more than 70 percent of its value since last July -- would be restored once uncertainties surrounding foreign debts in the private sector were resolved.
Tue, 20 Jan 1998, 00:00 WIB
Keep 'Love Rupiah' campaign sincere
Keep 'Love Rupiah' campaign sincere Many of the hardships which we are now facing might not have existed if only we had been more modest and restrained. With a Gross National Product that was only nearing the US$1,000 mark, we spent our money freely on various things that we should have waited for. We allowed ourselves to bask in a false sense of pride and progress, while the symbols of progress that we were displaying with such brashness were actually built on hollow foundations.
Tue, 20 Jan 1998, 00:00 WIB
Peregrine's chief blames RI
Peregrine's chief blames RI NEW YORK (AFP): The chief of failed Hong Kong bank Peregrine Investments Holdings blamed its collapse on the Indonesian government in an interview with Newsweek magazine "As things began to unravel, Indonesia did all the wrong things," Peregrine chairman Philip Tose says in the U.S. magazine's latest international edition due out Monday.
Tue, 20 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Tuesday Maghrib 6:19 p.m. Wednesday Imsak 4:20 a.m. Subuh 4:30 a.m.
Tue, 20 Jan 1998, 00:00 WIB
Fencing body aiming for bronzes at 13th Asiad
Fencing body aiming for bronzes at 13th Asiad JAKARTA (JP): The Indonesian Fencing Association aims to win bronze medals at the 13th Asian Games in Bangkok from Dec. 6 to Dec. 20. The association's secretary-general, Soerjono, said yesterday that Indonesia's toughest rivals would come from China, South Korea, Iran, Kazakhstan, Kuwait and Japan. "Technically they are better than our fencers because the fencing development in those countries has advanced rapidly," he said.
Tue, 20 Jan 1998, 00:00 WIB
Banks' merger deal plan will speed up reform
Banks' merger deal plan will speed up reform JAKARTA (JP): The merger deal planned by publicly listed banks Bank Internasional Indonesia (BII) and Bank Dagang Nasional Indonesia (BDNI) would encourage other banks to accelerate similar steps, analysts and bankers said yesterday. BII announced Sunday it would wed with BDNI to form one entity under the BII banner, which will also be joined by Bank Sahid Gajah Perkasa, Bank Dewa Rutji and Bank Tiara Asia. "I think this is positive.
Tue, 20 Jan 1998, 00:00 WIB
Groups rally at the House over succession, reform
Groups rally at the House over succession, reform JAKARTA (JP): Some 200 people from four different groups rallied at the House of Representatives making demands ranging from presidential succession to all-out reforms to cope with the economic crisis. The joint rally, which packed the lobby of the House, appeared to be coincidental, as the different groups avoided mingling with each other. Dozens of police kept an eye on them.
Tue, 20 Jan 1998, 00:00 WIB
KONI reassured over Asiad team
KONI reassured over Asiad team JAKARTA (JP): President Soeharto has told the Indonesian Sports Council (KONI) and sports organizations not to be discouraged if only a small team is sent to the Asian Games in Thailand this December. "We have to economize our foreign exchange. Although we have received financial support from the people, it is still a foreign exchange expenditure," State Minister of Youth Affairs and Sports Hayono Isman said after meeting Soeharto yesterday.
Tue, 20 Jan 1998, 00:00 WIB
Fishermen find missing youths
Fishermen find missing youths DENPASAR, Bali: Three youths who had been missing since late last week were found alive by fishermen Sunday night after being adrift at sea for three days. The three youths -- Andy, 21, Mario, 14, and Nico, 12 -- jumped into their motorized rubber boat Friday at Sanur Beach to enjoy the sea air. But their motor broke down and the boat was swept away by the strong ocean current. All three are brothers.
Tue, 20 Jan 1998, 00:00 WIB
Car, jet projects continue: Soeharto
Car, jet projects continue: Soeharto JAKARTA (JP): President Soeharto said yesterday that the national car project and the plan to develop Indonesia's own jet plane would continue without state funding or assistance. As a matter of principle both projects must be continued, Minister of Sports and Youth Affairs Hayono Isman quoted the President as saying.
Tue, 20 Jan 1998, 00:00 WIB
New confidence sees rise in Asia, share prices stronger
New confidence sees rise in Asia, share prices stronger HONG KONG (AFP): A boost of confidence in the Hong Kong and Tokyo markets spread to other Asian bourses yesterday as share prices generally gained ground after strong gains the previous week. Asian markets were generally stronger on concrete actions to restructure economies, under International Monetary Fund (IMF) guidance, with Jakarta share prices gaining 6.1 percent, and Seoul putting on 6.6 percent.
Tue, 20 Jan 1998, 00:00 WIB
Bomb explodes in apartment, one arrested
Bomb explodes in apartment, one arrested JAKARTA (JP): An alleged bomb maker was arrested after a simple, homemade device exploded Sunday evening in a cheap, rented apartment in Tanah Tinggi, Central Jakarta, police said. Army Chief of Staff Gen. Wiranto and Central Jakarta Police Chief Lt. Col. Iman Haryatna disclosed yesterday that the blast was linked to an antiestablishment movement inspired by the banned youth organization People's Democratic Party (PRD).
Tue, 20 Jan 1998, 00:00 WIB
Man falls to death from train
Man falls to death from train JAKARTA (JP): A passenger riding on the roof of an electric train fell to his death -- after reportedly being electrocuted -- yesterday in front of Pancasila University in Depok, south of here. The 17-year-old victim, Suryadi, was a resident of Kampung Baru, Depok Pancoran Mas in Depok. Rohadi, the victim's friend, said the incident happened at 2:30 p.m. while Suryadi was on his way home aboard the Jabotabek train plying the Bogor-Kota route.
Tue, 20 Jan 1998, 00:00 WIB
The 43-billion-dollar question
The 43-billion-dollar question Economist Kwik Kian Gie discusses the reasons why the rupiah remains weak even after last week's announcement of a massive reform package agreed by the government and the International Monetary Fund. JAKARTA (JP): There are many reasons why the rupiah has remained weak against the dollar even after the signing of a massive reform agreement between IMF Managing Director Michel Camdessus by President Soeharto.
Tue, 20 Jan 1998, 00:00 WIB
Govt to streamline bureaucracy: Silalahi
Govt to streamline bureaucracy: Silalahi JAKARTA (JP): The government has said it will take tough measures to streamline its bureaucracy, but stopped short of having to enforce laying off some of the four-million civil servants. Allaying concerns of possible layoffs, State Minister of Administrative Reforms T.B. Silalahi said no layoffs or early retirement schemes for senior government officials would be included in the revamp policy.
Tue, 20 Jan 1998, 00:00 WIB
MUI announces Islam fobids money trading
MUI announces Islam fobids money trading JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) issued an edict yesterday saying that speculative money trading just for one-sided profit is forbidden. "Efforts to alter the function of currency from a means of exchange to a trading commodity is haram (forbidden in Islam)," chairman Hasan Basri was quoted by Antara saying at his office at the Istiqlal Grand Mosque.
Tue, 20 Jan 1998, 00:00 WIB
Tarrin leaves for talks with U.S., IMF
Tarrin leaves for talks with U.S., IMF BANGKOK (AFP): Thai Finance Minister Tarrin Nimmanahaeminda yesterday left for crucial talks with U.S. and IMF finance chiefs in Washington in the hope of improving investor confidence in cash-strapped Thailand. Analysts predict Tarrin will argue for a fresh injection of capital in the wake of dramatic changes in the economic environment since Bangkok's international rescue package was approved last August.
Tue, 20 Jan 1998, 00:00 WIB
Festive package at Regent Jakarta
Festive package at Regent Jakarta JAKARTA (JP): The Regent Jakarta is offering a festive package to enable people to celebrate both Idul Fitri and Chinese New Year, which falls on Jan. 28, its executive said in a statement yesterday. "Idul Fitri and Chinese New Year fall during the same week this year. We want to be able to cater for both celebrations," Julius Santos, the hotel's director of marketing, said.
Tue, 20 Jan 1998, 00:00 WIB
Orphan mistakenly killed by youths
Orphan mistakenly killed by youths JAKARTA (JP): A 17-year-old orphan was stabbed to death by a group of youths in Ciracas market in East Jakarta in the early hours of Sunday. Two of his friends were also wounded. Eyewitnesses said that Budiyatna and his friends were mistakenly set upon by the local teenagers, who thought the three had been involved in a fight with them. Budiyatna, a restaurant employee, died of severe wounds to his chest and stomach.
Tue, 20 Jan 1998, 00:00 WIB
Soesilo named best sporting prime mover
Soesilo named best sporting prime mover JAKARTA (JP): The Jakarta chapter of the Indonesian Sportswriters Association (SIWO Jaya) has nominated the late chairman of the Indonesian Weightlifting and Powerlifting Association, Soesilo Soedarman, as the country's best sporting prime mover. Chapter members decided at a meeting over the weekend that weightlifting had been the most impressive sport in 1997, primarily because Patmawati and Winarni won gold medals at the world championships in Bangkok.
Tue, 20 Jan 1998, 00:00 WIB
Relatives bid farewell to SilkAir crash victims
Relatives bid farewell to SilkAir crash victims JAKARTA (JP): Grieving relatives burned incense and prayed during a funeral service yesterday in Palembang, South Sumatra, for loved ones killed when a Singaporean airliner crashed in the estuary of the Musi River. Almost five hundred people attended the funeral at the Kebun Bunga cemetery in Palembang, 60 kilometers upriver from the crash location. SilkAir flight MI-185 crashed at the estuary of the Musi River on Dec.
Tue, 20 Jan 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan.19, 1998: Buying Selling Rp Rp U.S. dollar 1 8,250.00 10,250.00 Austrian shilling 1 675.20 810.20 Australian dollar 1 5,982.10 6,713.40 Belgian franc 1 238.10 266.20 Canadian dollar 1 6,284.70 7,013.30 Swiss franc 1 6,025.30 6,725.90 Deutschemark 1 4,899.90 5,515.90 Danish krone 1 1,290.60 1,443.60 French franc 1 1,467.30 1,642.70 Poundsterling 1 14,787.70 16,492.10 Hong Kong dollar 1 1,154.50 1,315.
Tue, 20 Jan 1998, 00:00 WIB
Message from the publisher
Message from the publisher With the worsening economic situation, The Jakarta Post has suffered financial losses caused by shrinking advertising revenue and rising newsprint prices. The rupiah cost of newsprint alone has more than tripled in the last six months. To survive the uncertainty of the coming months, while consistently maintaining the integrity of the news and views we provide, we regretfully announce that we are reducing the number of pages of our newspaper.
Tue, 20 Jan 1998, 00:00 WIB
Unwanted visitors
Unwanted visitors The male foreigner married to an Indonesian who authored Gender bias ("Your Letters," Saturday, Jan. 17) has understated the problem. There are many financially independent foreign men married to Indonesians who only want to live, not work, here. The only way we can do this to enter and live in Indonesia on a Visit Visa, renewable monthly -- for Rp 60,000, three visits to Immigration each month -- for a total of six months.
Tue, 20 Jan 1998, 00:00 WIB
No agreement on Habibie's VP nomination, ABRI says
No agreement on Habibie's VP nomination, ABRI says JAKARTA (JP): The Armed Forces dismissed yesterday speculation that its faction in the People's Consultative Assembly had joined the dominant Golkar and the Regional Representatives factions to support State Minister of Research and Technology B.J. Habibie's nomination for the vice presidency. The Armed Forces (ABRI) chief of sociopolitical affairs, Lt. Gen.
Tue, 20 Jan 1998, 00:00 WIB
Downer to visit Indonesia
Downer to visit Indonesia JAKARTA (JP): Australian Minister of Foreign Affairs and Trade Alexander Downer will add to the list of dignitaries who have visited Indonesia over the past two weeks with his scheduled Sunday arrival for a three-day visit.
Tue, 20 Jan 1998, 00:00 WIB
'ANteve' sports program wins award
'ANteve' sports program wins award JAKARTA (JP): ANteve sports program Majalah Olahraga was named the best sports program yesterday at the 1997 Asian Television Awards, beating Hong Kong's Omega Tour Highlights Show and Singapore's The Sporting Life. ANteve corporate communications manager Zoraya Perucha said Majalah Olahraga was one of three Indonesian shows nominated for the awards last December.
Tue, 20 Jan 1998, 00:00 WIB
Asian palm oil prices seen mixed on Indonesia ban
Asian palm oil prices seen mixed on Indonesia ban KUALA LUMPUR (Reuters): The Asian palm oil market is likely to be mixed this week, with Indonesian prices expected to fall as supply rises due to an export ban, regional traders said. "Supply is beginning to improve because of the export ban, and this will keep prices under pressure," an Indonesian trader said. "But the decline will not be as sharp as last week's.
Tue, 20 Jan 1998, 00:00 WIB
Increase in Idul Fitri cards expected
Increase in Idul Fitri cards expected JAKARTA (JP): The city office of the state-owned postal service company, PT Pos Indonesia, has predicted a significant increase in demand during Idul Fitri following the government's call to limit spending during the economic crisis. In terms of letters, for instance, the company has estimated it will receive up to 37 million letters in the weeks before and after the post-fasting holiday.
Tue, 20 Jan 1998, 00:00 WIB
The importance of Ramadhan
The importance of Ramadhan Can't a man thank God that The Jakarta Post has published his three letters on religion, particularly Islam? On April 4, 1996 my letter titled Politics and Religion in Sudan appeared in the Post. Then, another letter Islamic information was published on June 18, 1997. The last, on Sept. 19, 1997, was called Islam in Africa. I am citing all the above in order to remind readers that even in terms of knowledge a scholar must not be miserly.
Tue, 20 Jan 1998, 00:00 WIB
City bans 'Imlek' celebrations
City bans 'Imlek' celebrations JAKARTA (JP): The city administration has banned public celebrations of this year's Chinese New Year, Imlek, which falls on Jan. 28 in order to guard against social unrest. Toha Reno of the city public order office said over the weekend that the ban, considered tougher than for previous years, was decided upon because riots based on ethnic issues were believed to be more likely to erupt this year.
Tue, 20 Jan 1998, 00:00 WIB
Councilor urges direct food delivery
Councilor urges direct food delivery JAKARTA (JP): A city councilor urged the city administration yesterday to deliver much-needed staple food supplies directly to subdistricts to prevent deviations from its market operation. The head of Commission B for economic affairs, Djafar Badjeber, said that direct dropping of commodities made it easier to ensure they reached the public.
Tue, 20 Jan 1998, 00:00 WIB
Axing Bulog monopolies deals blow to food industry
Axing Bulog monopolies deals blow to food industry JAKARTA (JP): The elimination of the State Logistics Agency's (Bulog) monopoly in the import and distribution of wheat, wheat flour and sugar would be a big blow to food companies, analysts said yesterday. They said the scrapping of Bulog's monopoly in the commodities beginning next month would push up prices according to market mechanisms.
Tue, 20 Jan 1998, 00:00 WIB
Stock prices surge but rupiah falls
Stock prices surge but rupiah falls JAKARTA (JP): The rupiah descended sharply to 9,550 against the American dollar yesterday on a combination of political tensions and mounting concerns over the private sector debt, currency dealers said. However, the weakening rupiah did not riddle the stock market as stock prices on the Jakarta Stock Exchange (JSX) rose 6.06 percent after five local private banks announced a merger, brokers said.
Tue, 20 Jan 1998, 00:00 WIB
Four caught with 204 kg gold bullion
Four caught with 204 kg gold bullion TANGERANG (JP): Customs officers at Soekarno-Hatta International Airport have arrested four men for attempting to smuggle 204.05 kilograms of gold bullion to Singapore. Director General of Customs and Excise Soehardjo said yesterday that the four were arrested Sunday at the airport's Gate E (for overseas routes).
Tue, 20 Jan 1998, 00:00 WIB
Private TV stations may reduce airtime
Private TV stations may reduce airtime JAKARTA (JP): Private television stations may have to reduce broadcasting airtime because advertising revenue is down due to the economic slump, said TV executives. Some stations are implementing austerity measures, including canceling Idul Fitri bonuses for employees above a certain income. "We have been talking about the possibility (of reducing airtime) since December," Zoraya Perucha, the corporate communications manager of ANteve, said.
Tue, 20 Jan 1998, 00:00 WIB
PGN to raise gas price next month
PGN to raise gas price next month JAKARTA (JP): State gas distributor Perusahaan Gas Negara (PGN) will raise the price of natural gas for industrial and other commercial buyers by 16.9 percent to an average Rp 450 (6 U.S. cents) per cubic meter starting next month, the company said yesterday. "The new price will be applied for next month's usage, with the next payment in March," company president A. Qoyum Tjandranegara said.
Tue, 20 Jan 1998, 00:00 WIB
KIS FM gets fit and healthy
KIS FM gets fit and healthy JAKARTA (JP): KIS FM radio station is scheduled to launch a new program today called "Fit and Healthy", a weekly talk show about nutrition and its importance. Mirawati S. Wibisono, a radio station representative, said yesterday the 15-minute program would be broadcast at 7:45 a.m, and would be hosted by University of Indonesia researcher and nutritionist Elvina Karyadi.
Tue, 20 Jan 1998, 00:00 WIB
Illegal workers stuck in Malaysia
Illegal workers stuck in Malaysia KUALA LUMPUR (AP): A human rights worker said more than 40,000 illegal Bangladeshis have lost jobs in the economic slump but cannot afford the repatriation fine to go home, a newspaper reported yesterday. Gulam Ahad, of the Sheikh Mujib Memorial Center,is urging Malaysia's Immigration Department to waive the fee of up to 3,000 ringgit (US$715) for illegal workers exiting the country, the Star newspaper reported.
Tue, 20 Jan 1998, 00:00 WIB
Asia wrong to raise interest rates: Economist
Asia wrong to raise interest rates: Economist HONG KONG (Reuters): Asian countries such as Thailand were mistaken in raising interest rates to fight speculators and defend their currencies, Nobel laureate and economist Merton Miller said yesterday. "The Bank of Thailand's first mistake was to try to fight off the speculators by raising interest rates and tightening market liquidity," Miller told 600 people at an Asia Society lunch in Hong Kong.
Tue, 20 Jan 1998, 00:00 WIB
Poodle patting in int'l relations: An Asian experience
Poodle patting in int'l relations: An Asian experience Our Asia correspondent Harvey Stockwin remembers, with affection, an Indonesian friend whom he met many years ago, and applies to today's Asian crisis the lesson which that friend taught him. This is the first of two articles. HONG KONG (JP): As the tumultuous events unfolded in Indonesia recently, I have been wondering, not once, but several times -- whatever happened to my friend Soepomo? It is a bit late in the day to be remembering him.
Tue, 20 Jan 1998, 00:00 WIB
SEA Games donation
SEA Games donation From Bisnis Indonesia Through its letter dated June 25, 1997, PT Telkomsel informed customers that a Rp 2,500 donation to the 19th SEA Games would be added to monthly telephone bills issued from April through October, 1997. But the company again included the same amount for SEA Games contribution in the December 1997 bill. The customer service section explained that the donation would continue to be collected until January 1998.
Tue, 20 Jan 1998, 00:00 WIB
Gus Dur rushed to hospital
Gus Dur rushed to hospital JAKARTA (JP): Abdurrahman Wahid, chairman of the 30-million strong Nahdlatul Ulama (NU), was rushed to Cipto Mangunkusumo Hospital here for suspected stroke last night, his relatives said. Gus Dur, as the 57 year-old man is better known, was still unconscious at 00.50 a.m. At midnight, he was moved from the Intensive Care Unit to the surgery unit, hospital sources said. Doctors were not available for comment.
Tue, 20 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: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Science and Technology Film 5:00 English Lessons 5:30 TV Drama: Pandangan Rahmat 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:45 TVRI News 7:00 Evening News 7:35 Talk Show: Wawasan 8:00 News: Lintasan Berita 8:05 Music 9:00 World News 9:30 Koran Recital 9:43 Religious Program: Pesantren ke...
Tue, 20 Jan 1998, 00:00 WIB
Taiwan prime minister in town
Taiwan prime minister in town JAKARTA (Reuters): Taiwan Premier Vincent Siew arrived in Indonesia yesterday for private talks about Asia's financial turmoil. Siew arrived from Singapore on a commercial flight and was kept well away from waiting journalists. He was later taken to an unknown destination with a small police escort. Siew told reporters during a brief stopover in Singapore that the visit was out of economic concern and not for political reasons.
Tue, 20 Jan 1998, 00:00 WIB
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., until Jan. 29. * Painting Exhibition: From Mooi Indi to Persagi, at Museum Seni Rupa Jakarta, Jl. Taman Fatahilah, West Jakarta, on Tuesday to Friday, Sunday at 9 a.m. to 3 p.m., Saturday 9 a.m. to 2 p.m., until Jan. 26.
Tue, 20 Jan 1998, 00:00 WIB
Famine threatens E. Timor villagers
Famine threatens E. Timor villagers DILI, East Timor: As many as 7,221 villagers on Kambing Island, just off Dili regency's Atauro Island, could face food shortages due to drought, an official said here yesterday. Atauro subdistrict head Fernando Soares told The Jakarta Post that corn crops on Kambing Island were dying because there was not enough rain. "We'll start planting again, but everyone's a bit unsure because there is no rain," he said.
Tue, 20 Jan 1998, 00:00 WIB
Does RI need a deposit insurance system?
Does RI need a deposit insurance system? By Sumitro This is the second of two articles on deposit insurance system based on the United States' experience. SINGAPORE (JP): What happens when an insured bank fails? The United States' Federal Deposit Insurance Corporation (FDIC) uses one of three techniques in adjudicating a failed bank, but by law it must use the least costly approach in each case. The first technique is called the "pay off/liquidation" method.
Tue, 20 Jan 1998, 00:00 WIB
Hand over that fistful of dollars
Hand over that fistful of dollars From Bisnis Indonesia Exporters, businesspeople and individuals tend to keep their dollars instead of converting them into our legal tender, the rupiah. It has resulted in the scarcity of dollars in the money market, thus pushing the fall of the rupiah's exchange rate. There are a couple of steps that can be taken to overcome the current trend. I would propose the following to reach stability in the currency.
Tue, 20 Jan 1998, 00:00 WIB
BII and BDNI pioneer private banking reform
BII and BDNI pioneer private banking reform JAKARTA (JP): Two of Indonesia's largest private banks have initiated a much-awaited bank reform with the biggest-ever merger in the private sector, creating a bank with Rp 50 trillion (US$5.55 billion) in assets. The merged entity will be Indonesia's largest private sector bank and will comprise Bank Internasional Indonesia (BII), Bank Dagang Nasional Indonesia (BDNI), Bank Tiara Asia and unlisted Bank Sahid Gajah Perkasa and Bank Dewa Rutji.
Tue, 20 Jan 1998, 00:00 WIB
PGN workers donate wages
PGN workers donate wages JAKARTA (JP): Employees of the state-owned gas distributor, PGN, have agreed to donate all or part of their January salaries to the government to help in fighting the economic crisis, the company president announced yesterday. A Qoyum Tjandranegara said directors would contribute the total amount of their salaries, and the rest of the employees would contribute half. He said the measure was taken following an agreement between management and employee representatives.
Tue, 20 Jan 1998, 00:00 WIB
Chaebols vow to restructure
Chaebols vow to restructure SEOUL (Reuters): Three leading South Korean conglomerates, or chaebol, vowed yesterday to restructure by shelving multi-billion dollar overseas investment projects and ending a risky financing practice that often keeps weak companies in operation. They also said they would speed up efforts to cut off unprofitable units, spin off secondary businesses and sell idle assets to improve their financial status.
Tue, 20 Jan 1998, 00:00 WIB
Taming Western media on E. Timor
Taming Western media on E. Timor By Al Busyra Basnur This is the first of two articles on the link between the Western media and East Timor. JAKARTA (JP): When Dom Duarte de Braganca of Portugal visited East Timor last November, he admitted that the situation in East Timor was absolutely different from the reports that had been reaching Portugal.