Archive: 20 January 1998
61 articles found
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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 10,250.00Austrian shilling 1 675.20 810.20Australian dollar 1 5,982.10 6,713.40Belgian franc 1 238.10 266.20Canadian dollar 1 6,284.70 7,013.
Tue, 20 Jan 1998
Relatives bid farewell to SilkAir crash victims
Relatives bid farewell to SilkAir crash victimsJAKARTA (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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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,...
Tue, 20 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesdayMaghrib 6:19 p.m.WednesdayImsak 4:20 a.m.Subuh 4:30 a.m.
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
Stock Exchange
Stock ExchangeStock 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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
Hand over that fistful of dollars
Hand over that fistful of dollarsFrom Bisnis IndonesiaExporters, 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...
Tue, 20 Jan 1998
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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
TV today
TV todayTVRI 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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
SEA Games donation
SEA Games donationFrom Bisnis IndonesiaThrough 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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
Taming Western media on E. Timor
Taming Western media on E. TimorBy 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...
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
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.
Tue, 20 Jan 1998
'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.
Tue, 20 Jan 1998
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
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.
Tue, 20 Jan 1998
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.