Archive: 27 January 1998
56 articles found
Tue, 27 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 Development Program: Hakamnas 4:00 Regional News 4:30 Teenager's Drama: Akal Bulus 5:00 English Lessons 5:30 TV Drama: Kejujuran 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: Orkes Symphoni 9:00 World News 9:30 Koran Recital 9:45 Religious Program:...
Tue, 27 Jan 1998, 00:00 WIB
'Ojek' drivers beat man to death
'Ojek' drivers beat man to death TANGERANG (JP): A 21-year-old alleged extortionist was beaten to death by a group of ojek (motorcycle taxi) drivers in Jatake village on Sunday evening. Herman, dubbed the King of Extortion by local ojek drivers, suffered severe head injuries and bruises during the attack. Tangerang Police chief Lt. Col. Arianto Boedihardjo confirmed yesterday that Herman had been savagely beaten. "He died on the way to Tangerang General Hospital," he said.
Tue, 27 Jan 1998, 00:00 WIB
Prices of food skyrocket in countdown to 'Lebaran'
Prices of food skyrocket in countdown to 'Lebaran' JAKARTA (JP): Prices of many foodstuffs have continued to rise over the past few days ahead of the Idul Fitri holiday. Data from the city's economic regional bureau (Binekda) released yesterday shows there were significant leaps in the prices of most foodstuffs, ranging from rice and eggs to prime- cut meat. The price of Saigon rice, for example, was Rp 2,100 (17 U.S.
Tue, 27 Jan 1998, 00:00 WIB
Sofjan denies link to PRD
Sofjan denies link to PRD JAKARTA (JP): Business tycoon Sofjan Wanandi came out of an hour-long questioning by intelligence officers yesterday saying he is clear of all complicity with the banned Democratic People's Party (PRD). "I have nothing to do with the PRD members because I do not know them," he told reporters.
Tue, 27 Jan 1998, 00:00 WIB
Sports council cancels biomechanic tests
Sports council cancels biomechanic tests JAKARTA (JP): The economic turmoil has prompted the National Sports Council's 13th Asian Games task force to cancel plans for athletes to take biomechanic tests in Singapore. Task force chairman Muhammad Hindarto told reporters yesterday that the tests would have cost the council Rp 170 million (US$12,365). "We have to be more efficient with the budget. The Singapore Sports Medicine Institute director, Dr.
Tue, 27 Jan 1998, 00:00 WIB
Daihatsu boosts RI presence
Daihatsu boosts RI presence TOKYO (AFP): Japan's Daihatsu Motor Co. Ltd. will raise parts output at plants in Malaysia and Indonesia to overcome the impact of sharp currency depreciations there, a company spokesman said yesterday. The affiliate of auto giant Toyota Motor Corp. plans to boost the ratio of locally produced parts to imports from 50 percent to 60 percent over the next 12 months in both countries, the spokesman said.
Tue, 27 Jan 1998, 00:00 WIB
Councilors warn of migrant influx after Idul Fitri
Councilors warn of migrant influx after Idul Fitri JAKARTA (JP): City councilors urged the municipality yesterday to tighten its supervision and control of the end-of-holiday influx to prevent migrants from flocking to the capital after Idul Fitri. Soeparmo, the head of Commission E for welfare affairs, and Ali Wongso Sinaga, the head of Commission D for development affairs, said the stern action was needed for the sake of both the city and the newcomers.
Tue, 27 Jan 1998, 00:00 WIB
S'pore defense chief calm on crisis
S'pore defense chief calm on crisis WELLINGTON (AP): Security in Southeast Asia has not been significantly affected by the economic crisis afflicting the region, Singapore's defense minister said yesterday. "At present we see no major change to the security situation," Singaporean Deputy Prime Minister and Defense Minister Tony Tan said at the end of a five-day visit to New Zealand.
Tue, 27 Jan 1998, 00:00 WIB
Reform the bureaucracy
Reform the bureaucracy I was really amazed by recent comments made by State Minister of Administrative Reforms T.B. Silalahi published in The Jakarta Post on Jan. 20 which indicated that once again the nation's real problems were not being addressed. A few days ago, the minister said that in order to streamline the bureaucracy and reduce government spending, the number of directors general and inspectors general would be reduced.
Tue, 27 Jan 1998, 00:00 WIB
Firecrackers kill two in E. Java
Firecrackers kill two in E. Java SIDOARDJO, East Java: Two people were killed and eight others injured when a hazardous experiment with firecrackers went terribly wrong. Witnesses said that Isomudin, 28, a resident of Kenongo village, and Matkijo, 20, from Telasih village, Tulangan subdistrict, connected firecracker detonation wires to a motorcycle battery. When one of the two men started the motorcycle there was a huge explosion.
Tue, 27 Jan 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 26, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 600 75 5,000 AHAP Insurance 350 0 0 Alter Abadi 175 -25 1,304,000 Alumindo Light Metal 225 -25 66,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 700 -175 52,500 Aneka Tambang 1,650 200 21,561,500 Anwar Sierad 100 0 40,000 Apac Centertex Corp.
Tue, 27 Jan 1998, 00:00 WIB
Stronger banking reform
Stronger banking reform The flurry of bank merger plans announced over the past two weeks should be welcomed as part of a broad program to strengthen the banking industry. The steady plunge in the rupiah's exchange rate since July and the quick increase in the amount of bad credits since early this year warrant an equally steep rise in the minimum capital requirement for banks.
Tue, 27 Jan 1998, 00:00 WIB
'Bimbogate' diverts U.S. attention
'Bimbogate' diverts U.S. attention As the financial turmoil afflicting Asia has developed over the last six months, the role played by the United States has been critical. The Jakarta Post Asia correspondent Harvey Stockwin attempts an overview of the U.S. posture towards Asia's crisis, and how it will be affected by the alleged scandal arising from President Bill Clinton's attempt to clear himself of charges of sexual transgressions.
Tue, 27 Jan 1998, 00:00 WIB
Pornographic VCDs and LDs destroyed
Pornographic VCDs and LDs destroyed PONTIANAK, West Kalimantan: The provincial film board destroyed yesterday 522 video compact discs and laser discs which were allegedly pornographic. "We burned the discs which were confiscated during various operations in Pontianak and the surrounding regencies," Tatang Isya Iskandar, a spokesman for the provincial office of the Ministry of Information, said.
Tue, 27 Jan 1998, 00:00 WIB
Bank mergers not a solution for RI: Analysts
Bank mergers not a solution for RI: Analysts HONG KONG (Reuters): Indonesia's policy of merging banks rather than letting bad institutions fail is ill-advised, analysts in Hong Kong said yesterday. "It is a joke, this matter of mergers," said Philippe Dalhaise, president of Thomson BankWatch Asia. "Mergers can only work out correctly if a good name swallows a small bad one.
Tue, 27 Jan 1998, 00:00 WIB
Man gets two years for attacking ambassador
Man gets two years for attacking ambassador JAKARTA (JP): Central Jakarta District Court sentenced a homeless man yesterday to two years in jail for using violence to try to extort money from Palestinian Authority Ambassador Ribhi Awad. Presiding judge Imam Purnomo said Hariyanto, 24, was found guilty of using violence to try to extort money from the ambassador on July 29, last year.
Tue, 27 Jan 1998, 00:00 WIB
Strike paralyses two RP cities
Strike paralyses two RP cities DAVAO, Philippines (Reuters): Bus and taxi drivers barricaded roads and paralyzed two cities yesterday in the southern Philippines in a transport strike to protest fuel price increases, police said. There was no violence but the strike forced banks, shopping malls, cinemas and many private offices and schools in Davao and General Santos city to close after employees failed to front for work, they said.
Tue, 27 Jan 1998, 00:00 WIB
Pefindo lowers rating of pulp and paper firms
Pefindo lowers rating of pulp and paper firms JAKARTA (JP): Local rating agency Pefindo has downgraded its long-term ratings on three companies and reaffirmed five others in the pulp, paper and plywood sectors as the monetary crisis starts to bite. The downgraded companies are Fajar Surya Wisesa, from BBB to BB+ with a negative outlook; PT Surabaya Agung Industri Pulp dan Kertas, from BB- to B with an alert negative outlook; and PT Artika Optima Inti, from BBB to BBB- with a negative outlook.
Tue, 27 Jan 1998, 00:00 WIB
Dibyo to attend joint forum
Dibyo to attend joint forum JAKARTA (JP): National Police Chief Gen. Dibyo Widodo confirmed last night that he would attend the upcoming coordination meeting with heads of the Supreme Court and Attorney General's Office. "Of course I will go, I'm the police chief, right," he said. Doubts surrounding Dibyo's attendance followed several recent disputes between police and the Attorney General's Office over the handling of some investigations.
Tue, 27 Jan 1998, 00:00 WIB
Presidential election rules 'need changing'
Presidential election rules 'need changing' YOGYAKARTA (JP): Changes in the presidential election rules are needed to accommodate extra-parliamentary nomination, a political expert said here yesterday. Ichlasul Amal of Gadjah Mada University said the present rules disregarded the fact that people may want different nominees from those supported by factions in the People's Consultative Assembly (MPR). "A new tradition, which allows people to campaign for their own candidates, should be initiated.
Tue, 27 Jan 1998, 00:00 WIB
Phony soldier arrested
Phony soldier arrested JAKARTA (JP): City Police have detained for questioning a civilian who was caught wearing an Army uniform at the Kampung Rambutan intercity bus terminal in East Jakarta yesterday. City Police spokesman Lt. Col. E. Aritonang said that Ansusuar Presdi, 30, was detained by local police officers for impersonating an officer. Police said the man appeared suspicious because despite wearing the official uniform, he also wore a pair of sandals.
Tue, 27 Jan 1998, 00:00 WIB
Kemang area
Kemang area Recently, my wife and I ate at one of the Kemang restaurants which is not supposed to be open anymore according to the city administration which had recently "decorated" such businesses with wooden red crossbars to close them down. Apart from costing 3,000 to 4,000 people their jobs in times as difficult as these, the closing down of such businesses also would have effectively converted Kemang into a ghost town with a lot of empty buildings with "for rent" signs all over the place.
Tue, 27 Jan 1998, 00:00 WIB
Sierad Produce suffers loss after profit: Official
Sierad Produce suffers loss after profit: Official JAKARTA (JP): Publicly listed PT Sierad Produce's financial performance might have gone deep into the red last year due to the rupiah's sharp depreciation. The company's vice president, F.X. Awi Tantra, said yesterday that Sierad, which initially projected a net profit of Rp 47 billion for 1997, suffered a net loss last year due to a high amount of foreign exchange losses.
Tue, 27 Jan 1998, 00:00 WIB
PSSI concentrating on Tiger Cup, not Asian Games
PSSI concentrating on Tiger Cup, not Asian Games JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) is focusing on training the national team for the Tiger Cup here in September rather than the 13th Asian Games in Bangkok in December. Nirwan Bakrie, the federation's director, said Sunday that whether the team would participate in the Asian Games or not would be considered after the Tiger Cup.
Tue, 27 Jan 1998, 00:00 WIB
BI, JSX to close on Jan. 29
BI, JSX to close on Jan. 29 JAKARTA (JP): Bank Indonesia (BI) and the management of Jakarta Stock Exchange (JSX) announced yesterday they would halt operations on Thursday, Jan. 29, to celebrate the Moslem Idul Fitri holiday. The central bank's operations and stock trading at the JSX will resume on Monday, Feb. 1. BI said it would open its cashier counters to the public on Thursday but the bank would close one hour earlier than normal. There will be no clearing or foreign exchange transactions.
Tue, 27 Jan 1998, 00:00 WIB
PBSI seeking more cash despite Rp 27b reserve
PBSI seeking more cash despite Rp 27b reserve JAKARTA (JP): The chairman of the Badminton Association of Indonesia, Subagyo Hadisiswoyo, said yesterday that the association's deposits of Rp 27 billion (US$2 million) were insufficient to finance the association's annual activities. Subagyo said after being installed by the National Sports Council chairman, Wismoyo Arismunandar, that the association would have to spend about Rp 11 billion this year due to the rupiah's downturn.
Tue, 27 Jan 1998, 00:00 WIB
Crisis hits Asian automotive industry
Crisis hits Asian automotive industry KUALA LUMPUR (AFP): Vivien Lam's dream of owning a car was rudely shattered when she was sacked by a law firm in Kuala Lumpur last month amid the country's deepening economic crisis. Lam was forced to cancel her booking for Malaysia's national car -- a Proton Iswara model -- and hoped that the dealer would refund her 20 percent down payment of nearly 8,000 ringgit (US$1,778). "There is no way I can afford a car.
Tue, 27 Jan 1998, 00:00 WIB
Japanese factory burns in Vietnam
Japanese factory burns in Vietnam HANOI (AFP): A blaze broke out in a Japanese factory in the Taiwan-built Tan Thuan export processing zone outside Ho Chi Minh City, an official from Tan Thuan said yesterday. More than 300 firefighters in 33 fire engines were mobilized when the blaze was sparked at Nihon Matai Container Bag Corp, a 100 percent Japanese-owned 8.5-million-dollar factory last Sunday afternoon. The fire which raged for more than three hours caused extensive damage estimated at US$1.
Tue, 27 Jan 1998, 00:00 WIB
Govt has to bail out private debt: Analysts
Govt has to bail out private debt: Analysts JAKARTA (JP): The Indonesian government has to bail out the country's corporate foreign debt in a bid to ease the country's currency crisis, economists and analysts say. Raden Pardede, an economist with state-owned PT Danareksa Securities, said yesterday that bailing out the private sector was a must in coping with uncertainty in the rupiah's value. "Like it or not, the government will have to make a bailout," said Raden.
Tue, 27 Jan 1998, 00:00 WIB
Sabah braces for drought
Sabah braces for drought KUALA LUMPUR (DPA): Authorities in Malaysia's Sabah state on Borneo island forecast a potential drought as a result of a prolonged dry season brought on by the weather phenomenon known as El Nino, a newspaper said yesterday. The dry spell is also expected to affect neighboring Sarawak state and the southern Philippines, Sabah Meteorological Services Department Director Cheng Kung Theu was quoted as saying by the Star daily.
Tue, 27 Jan 1998, 00:00 WIB
Idul Fitri may fall on different dates: MUI
Idul Fitri may fall on different dates: MUI JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) has acknowledged the possibility of Indonesian Moslems celebrating Idul Fitri on different days, and called on the government to guarantee peaceful observance. "Please allow Moslems to observe (Idul Fitri) in accordance with their conviction.
Tue, 27 Jan 1998, 00:00 WIB
Ramadhan time for Jakarta
Ramadhan time for Jakarta Tuesday Maghrib 6:19 p.m. Wednesday Imsak 4:23 a.m. Subuh 4:33 a.m.
Tue, 27 Jan 1998, 00:00 WIB
Tofu, tempeh business not full of beans
Tofu, tempeh business not full of beans By Kafil Yamin BANDUNG (JP): Lilis Syarifah had just returned from school when she reopened her father's small tofu factory. But the 19- year-old would only serve those who came to her mill in Cibuntu, one of the tofu producing centers in Bandung. "We have dared not operate our factory in the last three days. If we did, other tofu-makers would stone our house," she told The Jakarta Post earlier this month.
Tue, 27 Jan 1998, 00:00 WIB
Causes of the crisis
Causes of the crisis Now that Indonesia is experiencing an economic meltdown, it may be more than instructive to look at what caused it. Unlike the IMF, I do not think poor fiscal and monetary policies and market imperfections were the prime causes. Rather, the origins of the present crisis lie much deeper, in the very fabric of Indonesian society.
Tue, 27 Jan 1998, 00:00 WIB
Man detained for stabbing his neighbor
Man detained for stabbing his neighbor JAKARTA (JP): A 40-year-old scavenger was fatally stabbed by two men after breaking up a minor argument involving the suspects' younger brother in Central Jakarta yesterday afternoon. According to the victim's wife, Eni, Sutrisno was stabbed several times in the back and neck while reading used comics and newspapers in their shanty near the railway track near Pasar Gaplok in Tanah Tinggi. "Fachrudin, alias Dower, and his elder brother, Sunarto, stabbed him.
Tue, 27 Jan 1998, 00:00 WIB
Bakrie trims Iran stake
Bakrie trims Iran stake NICOSIA (Reuters): Canada's Bow Valley Energy Ltd, planning a buy-back contract to develop an Iranian oilfield, has been told by its Indonesian partner that it would no longer be able to finance the project as planned, the Middle East Economic Survey (MEES) reported on Monday.
Tue, 27 Jan 1998, 00:00 WIB
Govt warns of possible return of forest fires
Govt warns of possible return of forest fires JAKARTA (JP): The government is on alert again for the possible return of brush and forest fires in Kalimantan and Sumatra, following a particularly dry week which has seen little rain fall in the area. Director of environmental damage control at the Environmental Impact Management Agency (Bapedal), Yon Artiono Arba'i, said the agency had warned East Kalimantan Governor Herman Musakabe about the imminent threats in the province.
Tue, 27 Jan 1998, 00:00 WIB
Teenagers arrested for fatal attack
Teenagers arrested for fatal attack JAKARTA (JP): Three teenagers have been arrested for allegedly beating a youth to death in Kembangan district, West Jakarta, city police spokesman Lt. Col. E. Aritonang said yesterday. Aritonang identified the three as Topan Bin Samari, 19, M. Rojali, 18, and Jeny, 18.
Tue, 27 Jan 1998, 00:00 WIB
RI turns to Australia on trade problems
RI turns to Australia on trade problems JAKARTA (JP): President Soeharto has asked Australia to help resolve Indonesia's trading problems by issuing an export credit guarantee for the country because many foreign banks, including Australian ones, have rejected its Letters of Credit (L/C). The President told visiting Australian Foreign Minister Alexander Downer yesterday that such a guarantee would go a long way to facilitate trading relations between the two countries.
Tue, 27 Jan 1998, 00:00 WIB
Political reforms 'must lead to a cleaner govt'
Political reforms 'must lead to a cleaner govt' JAKARTA (JP): In a hearing with members of the dominant Golkar faction, the Indonesian Legal Aid and Human Rights Association said nothing short of political reform toward a more democratic system would lift the country out of its current doldrums.
Tue, 27 Jan 1998, 00:00 WIB
Hidden motive behind rupiah free-fall
Hidden motive behind rupiah free-fall Despite the government's announcement of reforms last week, the rupiah's value has continued to fall. Economist Kwik Kian Gie attempts to find out why. JAKARTA (JP): The Council for Economic and Monetary Resilience headed by President Soeharto has enacted follow-up measures to ensure the implementation of the US$43 billion IMF-sponsored reinforced reform package.
Tue, 27 Jan 1998, 00:00 WIB
Govt gives ISO 9000 to SMEs
Govt gives ISO 9000 to SMEs JAKARTA (JP): The Minister of Industry and Trade presented ISO 9000 certificates to 56 small, medium and large scale businesses yesterday. The certificates were presented by the ministry's secretary- general, Aidil Juzar, and the Minister of Cooperation and Small Enterprises, Subiakto Tjakrawerdaya, to 44 small and medium scale businesses and 12 large enterprises including three state-owned companies.
Tue, 27 Jan 1998, 00:00 WIB
Shaman serial killer's story to become film
Shaman serial killer's story to become film JAKARTA (JP): The infamous North Sumatran shaman being tried for killing 42 women, Achmad Suraji alias Nasib Kelewang, will soon get his chance at stardom now that his life and alleged heinous crimes have been made into a movie. Antara reported from Medan, North Sumatra, yesterday that the film will hit cinema houses across the country Friday, when Indonesia will celebrate Idul Fitri according to government calendars. Directed by Eddie S.S.
Tue, 27 Jan 1998, 00:00 WIB
23 die of dengue in South Sumatra
23 die of dengue in South Sumatra PALEMBANG, South Sumatra: At least 23 people have died in South Sumatra of dengue fever during the first month of the year, according to a local health official. The head of the South Sumatra office of the health ministry, Deddy Ruswendi, was quoted by Antara as saying that the province was relatively prone to such outbreaks with reports of fatalities in four of the 10 regencies.
Tue, 27 Jan 1998, 00:00 WIB
Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim)
Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 26, 1998: Buying Selling Rp Rp U.S.
Tue, 27 Jan 1998, 00:00 WIB
Military officials donate money and gold to help government
Military officials donate money and gold to help government JAKARTA (JP): Hundreds of high-ranking military officers joined the "Love Rupiah" campaign yesterday, donating money and gold to help the government overcome the monetary crisis. Speaking to reporters after initiating the campaign at the Armed Forces (ABRI) Cilangkap headquarters in East Jakarta, ABRI Chief Gen. Feisal Tanjung said the donation was an expression of their love for the country.
Tue, 27 Jan 1998, 00:00 WIB
Higher electricity tariff base studied
Higher electricity tariff base studied JAKARTA (JP): The Ministry of Mines and Energy is studying the possibility of increasing the electricity tariff base following the rupiah's sharp depreciation against the U.S. dollar, an official has said. Director General of Electricity and Energy Development Endro Utomo Notodisuryo said Friday his office was making the study in line with the government's plan to raise the electricity tariff in the next few months.
Tue, 27 Jan 1998, 00:00 WIB
Farmers, coops told to coordinate clove trading
Farmers, coops told to coordinate clove trading JAKARTA (JP): Farmers and cooperatives are expected to coordinate clove trading after the Clove Marketing and Buffer Stock Agency (BPPC) pulls out from the commodity's trading in July this year, a senior official says.
Tue, 27 Jan 1998, 00:00 WIB
People get more confused
People get more confused From Merdeka In the last few days, stickers have been made bearing the slogan "I love Rupiah". This confuses me since I cannot see who actually does not love rupiah. Without exception, common people like me, accounting for over 98 percent of the population, love rupiah although it is very difficult for us to obtain a lot it. Besides, how can common people like me keep U.S. dollars since we have never seen any and do not know what they actually look like. I think U.S.
Tue, 27 Jan 1998, 00:00 WIB
Govt abolishes plywood cartel
Govt abolishes plywood cartel JAKARTA (JP): Wood processing companies are rejoicing over the dismantling of the plywood cartel within the Indonesian Wood Panel Association (Apkindo) as they will be able to deal directly with buyers overseas starting Feb. 2. Minister of Industry and Trade Tunky Ariwibowo issued four decrees last week which remove all restrictions on plywood trade, dismantle the joint-marketing boards of Apkindo and revoke the quota system in plywood exports starting next Monday.
Tue, 27 Jan 1998, 00:00 WIB
Rp 1.8 trillion allocated to ease unemployment
Rp 1.8 trillion allocated to ease unemployment JAKARTA (JP): The government has allocated Rp 1.8 trillion (US$138 million) in the draft 1998/1999 state budget for labor- intensive projects designed to ease the worsening unemployment crisis, a minister said yesterday. State Minister of National Development Planning Ginandjar Kartasasmita said the national program would concentrate on reforestation, urban and rural sectors, and drought-hit regencies in Irian Jaya.
Tue, 27 Jan 1998, 00:00 WIB
Vietnam coffee out of market
Vietnam coffee out of market SINGAPORE (Reuters): Vietnam robusta exporters were out of the Asian coffee market on Monday at the start of the Tet Lunar New Year holidays in their country, dealers said. But small-lot selling of Thai and Indonesian origins were seen in an otherwise lethargic market, they said. "There's not much business anymore in Vietnam. They're probably all drinking away already," one coffee trader said. Vietnam celebrates Lunar New Year from January 27 to 30.
Tue, 27 Jan 1998, 00:00 WIB
Holidays keeps rubber trade quiet
Holidays keeps rubber trade quiet SINGAPORE (Reuters): The Southeast Asian rubber market will be quiet this week because of the Lunar New Year and Moslem Eid al- Fitr holidays in several key rubber-producing countries, dealers said on Monday. "It is safe to say the market will be quieter this week because of the Chinese New Year and the Eid al-Fitr celebrations," a dealer in Indonesia said. "Most of the producers, consumers and dealers will be off.
Tue, 27 Jan 1998, 00:00 WIB
Lampung has new governor
Lampung has new governor BANDAR LAMPUNG, Lampung: Minister of Home Affairs Moch. Yogie SM installed yesterday Oemarsono as Lampung governor replacing Lt. Gen. (ret.) Poedjono Pranyoto who ended his tenure after serving two consecutive terms. The ceremony was held during a special plenary session of the provincial legislature. As reported by Antara, Oemarsono, 58, who was born in Sragen, Central Java, was a former deputy governor of economics and development.
Tue, 27 Jan 1998, 00:00 WIB
Intervention props up rupiah to 12,250 against greenback
Intervention props up rupiah to 12,250 against greenback JAKARTA (JP): The rupiah enjoyed a comparative respite yesterday, closing at 12,250 against the American dollar, amid fears of a possible corporate debt moratorium. The stable rupiah helped the Jakarta Stock Exchange start the week in bullish mood, with the main price index surging 5.03 percent to close at 473.68.
Tue, 27 Jan 1998, 00:00 WIB
Economic woes and the need for political reform
Economic woes and the need for political reform By Hendardi JAKARTA (JP): Economic interest and programs have given the New and Old Order governments different political characters. When it came to power in the latter half of the 1960s, the New Order government claimed to be committed to pursuing high economic growth with the support of political stability and solid security. Its idea of developing modern politics, however, went into thin air in practice.