Archive: 21 October 1998
55 articles found
Wed, 21 Oct 1998
Singapore-made exports rose 1.7% in September
Singapore-made exports rose 1.7% in September SINGAPORE (Bloomberg): Singapore-made exports, closely watched for the health of the island's economy, unexpectedly rose 1.7 percent year-to-year in September as European orders offset shriveled demand from recession-torn Asia.
Wed, 21 Oct 1998
Bank restructuring policy to focus on four measures
Bank restructuring policy to focus on four measures JAKARTA (JP): The government has announced that the bank restructuring strategy in the coming months will focus on four measures -- recapitalization, liquidation of insolvent banks, merger of state banks and recovering liquidity support.
Wed, 21 Oct 1998
Use of ASEAN monies not viable: RP official
Use of ASEAN monies not viable: RP official MANILA (AP): A proposal to use local currencies instead of U.S. dollars in trading within Southeast Asia is not viable, a Philippine official said Tuesday.Officials in the Association of Southeast Asian Nations have proposed the scheme as a way to lessen...
Wed, 21 Oct 1998
Priest Y.B. Mangunwijaya joins farmers' protest
Priest Y.B. Mangunwijaya joins farmers' protest YOGYAKARTA (JP): Renowned writer and priest Y.B. Mangunwijaya joined hundreds of farmers and students from Gadjah Mada University here on Tuesday in a demonstration against perceived unnecessary intervention in farmers' lives.
Wed, 21 Oct 1998
Can the burgeoning TV viewer polls really be trusted?
Can the burgeoning TV viewer polls really be trusted?By Antariksawan Jusuf JAKARTA (JP): Gone are the days when Indonesian television viewers passively sat on the couch watching every program unilaterally broadcast into their homes by each station.
Wed, 21 Oct 1998
McDonald's plans expansion
McDonald's plans expansion CHICAGO (Reuters): After reporting a 7 percent gain in third- quarter earnings and a cutback in its Asian expansion, McDonald's Corp. said Monday the fast food company plans to open about 2,000 new restaurants worldwide in 1999.
Wed, 21 Oct 1998
Airfares may not go up if rupiah remains strong
Airfares may not go up if rupiah remains strong JAKARTA (JP): The Association of Indonesian Airlines (INACA) said on Wednesday it would cancel its plan to raise domestic airfares by 14.5 percent in December if the rupiah continued to strengthen against the U.S. dollar in the coming months.
Wed, 21 Oct 1998
Communist threat is scapegoat politics: Survey
Communist threat is scapegoat politics: Survey JAKARTA (JP): Few people in this country buy the Armed Forces' (ABRI) warning of a possible communist comeback, believing that the Indonesian Communist Party (PKI), outlawed since 1966, has been used as a convenient scapegoat when no other answers are...
Wed, 21 Oct 1998
Joint fact-finding team warned 'not to hold anything back'
Joint fact-finding team warned 'not to hold anything back' JAKARTA (JP): A human rights activist has exhorted the government-sponsored joint fact-finding team probing the May riots not to hold anything back when it announces its findings on Friday.
Wed, 21 Oct 1998
Sarlito's statement
Sarlito's statementFrom KompasI respect Sarlito Wirawan as a psychologist and a professor. However, his statement quoted in Kompas of Oct. 12 startled me.Did Sarlito really make the statement (without being asked by the reporter, so he consciously revealed something) or was he misquoted by the...
Wed, 21 Oct 1998
Rights on freedom of expression to get guarantee
Rights on freedom of expression to get guarantee JAKARTA (JP): The House of Representatives (DPR) will on Thursday pass the freedom of expression bill, turning it into a new law which is expected to fully guarantee the right to express aspirations and opinions in public places.
Wed, 21 Oct 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 20, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,900.00 8,000.00 7,675.00 7,825.00Austrian schilling 1 645.80 715.80 - -Australian dollar 1 4,872.90 5,132.90 4,730.00 5,130.
Wed, 21 Oct 1998
Habibie appoints 15 new ambassadors
Habibie appoints 15 new ambassadors JAKARTA (JP): President B.J. Habibie swore in 15 ambassadors on Tuesday, including two senior diplomats and former Air Force chief Marshall (ret) Rilo Pambudi.Secretary-general of the Ministry of Foreign Affairs Abdul Irsan was appointed the envoy to the...
Wed, 21 Oct 1998
Govt updating method for rice data collection
Govt updating method for rice data collection JAKARTA (JP): The Ministry of Agriculture and the Central Bureau of Statistics (BPS) are preparing new methodology to provide more accurate statistical data on the country's rice production.
Wed, 21 Oct 1998
New exchange awaits decree
New exchange awaits decree JAKARTA (JP): The operation of the country's commodities futures exchange now awaits a presidential decree, expected to be issued by the end of this year, a senior official said Tuesday.
Wed, 21 Oct 1998
Reform team criticized for lack of achievement
Reform team criticized for lack of achievement JAKARTA (JP): A councilor has criticized the reform team set up by Governor Sutiyoso to rid the city administration of corruption, collusion and nepotism for its resounding lack of achievement.
Wed, 21 Oct 1998
Journalists in East Java receive death threats
Journalists in East Java receive death threats SURABAYA (JP): Following threats made to Moslem preachers by unidentified people here, journalists have been warned that they will be among the next victims in the killing spree which has so far claimed more than 150 lives in East Java.
Wed, 21 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 20, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 275 0 1,500 AHAP Insurance 400 0 0 Alter Abadi 275 25 491,000 Alumindo Light Metal 275 -50 15,000 Alumindo...
Wed, 21 Oct 1998
Corruption fears slow down aid for the poor
Corruption fears slow down aid for the poor JAKARTA (JP): Worries over leakages and corruption have slowed down the government's social safety net spending for the poor, creating a surprising cash surplus in the state budget during the first five months of the current fiscal year, according to a...
Wed, 21 Oct 1998
Indorayon allowed to reopen pulp, rayon mills
Indorayon allowed to reopen pulp, rayon mills JAKARTA (JP): The government has allowed publicly-listed rayon and pulp producer PT Inti Indorayon Utama to reopen its pulp and rayon mills in North Sumatra, which have been shut down for almost four months due to security disturbances by protesters who...
Wed, 21 Oct 1998
Currencies mixed as life returns to SE Asian markets
Currencies mixed as life returns to SE Asian markets SINGAPORE (Dow Jones): Southeast Asian currencies were mixed against the U.S. dollar in late trading on Tuesday, as signs of life return to the region's financial markets.
Wed, 21 Oct 1998
Directory
DirectoryCorrection: The Capital Market Directory 1998 mentioned in the photo caption on this page on Tuesday is published annually by the Institute for Economic and Financial Research (ECFIN) and not by the Jakarta Stock Exchange.We regret the error. -- Editor
Wed, 21 Oct 1998
Malaysia denies it plans to review S'pore ties
Malaysia denies it plans to review S'pore ties KUALA LUMPUR (Reuters): Malaysia has no plans to review ties with Singapore and wants to resolve disputes with the island republic, Deputy Foreign Minister Leo Michael Toyad was quoted as saying on Tuesday.
Wed, 21 Oct 1998
Freeport vs. people
Freeport vs. people If what The Jakarta Post has been reporting lately concerning the 1991 shares transactions which involve PT Freeport Indonesia, Indocopper Investment Corporation and PT Nusamba is true, there is certainly much presented that would lead most analytical minds to suspect that the...
Wed, 21 Oct 1998
Badminton star Sigit denies doping charge
Badminton star Sigit denies doping charge JAKARTA (JP): A cloud of suspicion hangs over the struggling Indonesian badminton camp following a press report that world men's doubles champion Sigit Budiarto failed a drug test conducted by the National Sports Council.
Wed, 21 Oct 1998
Gus Dur treated at RSCM
Gus Dur treated at RSCM JAKARTA (JP): Leader of the country's largest Moslem organization Nahdatul Ulama, Abdurrahman Wahid, has been hospitalized since Saturday in Jakarta."My father was brought to hospital on Saturday after meeting some guests.
Wed, 21 Oct 1998
Indorayon strikers return to work
Indorayon strikers return to work MEDAN, North Sumatra (JP): Thousands of employees of PT Inti Indorayon Utama began to return to the plant in Porsea in North Tapanuli on Tuesday after a five-day sit-in at the governor's office here.
Wed, 21 Oct 1998
Four developers in arrears
Four developers in arrears TANGERANG (JP): Two major real estate developers and two golf course developers here have not yet paid their 1997 land and building tax, which reached a total of Rp 1.8 billion, an official said Tuesday.
Wed, 21 Oct 1998
IPTN workers go on strike
IPTN workers go on strike BANDUNG, West Java (JP): Hundreds of employees of aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) staged a strike on Tuesday following what they said was the delayed payment of their pension savings.
Wed, 21 Oct 1998
Driver sent to jail for stealing garments
Driver sent to jail for stealing garments JAKARTA (JP): A container truck driver was sentenced by North Jakarta District Court on Tuesday to three years in jail for stealing and selling garments worth Rp 700 million (US$87,500).
Wed, 21 Oct 1998
Estrada seeks Saudi clemency
Estrada seeks Saudi clemency MANILA (DPA): Philippine President Joseph Estrada appealed on Tuesday to Saudi Arabia's King Fahad Bin Abdulaziz Al-Saud to spare the lives of four Filipinos convicted of robbery and homicide in Jeddah "on humanitarian grounds".
Wed, 21 Oct 1998
Japan to help Malaysia, Thailand escape crisis
Japan to help Malaysia, Thailand escape crisis TOKYO (Agencies): Malaysia and Thailand, each rushing in opposite directions to escape Asia's financial storm, both secured promises Tuesday for Japanese support.
Wed, 21 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thunder Cats 3:05 TV Series: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 TV Drama: Liga Pelajar 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports...
Wed, 21 Oct 1998
KL to employ more migrants
KL to employ more migrants KUALA LUMPUR (DPA): Malaysia will take in 120,000 more foreign workers, mostly Indonesians and Thais, to meet a labor shortage in the construction, plantation and manufacturing sectors, reports said on Tuesday.
Wed, 21 Oct 1998
Rupiah and local stocks inch higher
Rupiah and local stocks inch higher JAKARTA (JP): The rupiah escaped the fallout from the sliding yen and managed to inch higher on Tuesday as stock prices rebounded slightly, currency dealers and stockbrokers said.
Wed, 21 Oct 1998
PAL to fly overseas on Oct. 29
PAL to fly overseas on Oct. 29 MANILA (Bloomberg): Philippine Airlines Inc. said it will resume international flights on Oct. 29, more than a month after financial problems forced a halt in service to foreign cities.
Wed, 21 Oct 1998
Governor Sutiyoso leaves for Europe
Governor Sutiyoso leaves for Europe JAKARTA (JP): Governor Sutiyoso left Jakarta on Monday night for Turkey and Europe in a bid to strengthen the sister city cooperation program with Jakarta, city administration's spokesman Kamaludin Santos said on Tuesday.
Wed, 21 Oct 1998
CIDES laments revival of sectarian politics
CIDES laments revival of sectarian politics JAKARTA (JP): Scholars from the Center for Information and Development Studies (CIDES) regretted what they believed was a reemergence of sectarian politics, as evident in the burgeoning of religious-based parties, because very often their mode of power...
Wed, 21 Oct 1998
Governor being deprived of malfeasance reports
Governor being deprived of malfeasance reports JAKARTA (JP): Governor Sutiyoso regretted on Monday the reluctance of many of his subordinates to report malfeasance cases in their offices to him."I am a bit surprised that you (reporters) frequently ask me about various bad things taking place in the...
Wed, 21 Oct 1998
Foreign banks loaned over Rp 72t to listed firms
Foreign banks loaned over Rp 72t to listed firms JAKARTA (JP): Foreign bank finance channeled into the country's publicly listed companies totaled more than Rp 72 trillion, including US$15.41 billion in foreign exchange as of December, last year, according to the Indonesian Business Data Center...
Wed, 21 Oct 1998
The Jakarta Post survey
The Jakarta Post survey The Jakarta Post is launching a new regular column called The Nation's Pulse on the results of surveys on contentious issues. The opinion polls, jointly commissioned by the Post and its sister publication D&R news magazine, are conducted by the Resource Productivity Center.
Wed, 21 Oct 1998
Confusing traffic signs
Confusing traffic signsFrom NeracaMotorists coming from the south and heading to Kota mostly pass the Harmoni area where Jl. Majapahit, Jl. Veteran and Jl. Suryopranoto converge into Jl. Gajah Mada.At those crossroads there are at least five traffic lights. The traffic lights for Jl.
Wed, 21 Oct 1998
Marijuana dealer gets four years
Marijuana dealer gets four years JAKARTA (JP): The North Jakarta District Court sentenced a 33- year-old man to four years in jail on Tuesday for selling two kilograms of dried marijuana.Presiding judge Azinar Abas said the defendant, Zulkifli Yusuf, was arrested on May 3 in the Kalijodo red-light...
Wed, 21 Oct 1998
SIA eyes China Airlines
SIA eyes China Airlines SINGAPORE (DPA): Singapore Airlines (SIA) is eying a 25-per- cent stake in Taiwan's China Airlines, a news report said Tuesday."We consider China Airlines as a good investment," Singapore's Straits Times newspaper quoted SIA chief executive officer Cheong Choong Kong as...
Wed, 21 Oct 1998
Crisis means tight competition for rice scavengers
Crisis means tight competition for rice scavengersBy Agus Martono PURWOKERTO, Banyumas (JP): Sweat pours down the wrinkled face of the 72-year-old Wasem. Despite the heat of the noonday sun on the paddy field, she persists in sorting the leftover dried rice stalks from a recent harvest.
Wed, 21 Oct 1998
Turning personal cult mood into democracy
Turning personal cult mood into democracyBy Mochtar Buchori DENPASAR (JP); Why have people joined Megawati's faction of the Indonesian Democratic Party (PDI Perjuangan)? Is it because they worship Megawati, or because they are committed to democracy? Isn't it dangerous if people join PDI Perjuangan...
Wed, 21 Oct 1998
Japanese businessmen here to seek out local products
Japanese businessmen here to seek out local productsJP/afs JAKARTA (JP): A delegation of 20 Japanese manufacturers, wholesalers, retailers and importers started a three-day mission here on Tuesday to import more Indonesian products.
Wed, 21 Oct 1998
Soeharto sons' Bali businesses probed
Soeharto sons' Bali businesses probed DENPASAR, Bali (JP): The family of former president Soeharto owns hundreds of hectares of land in Bali and also controls companies mainly involved in the tourism sector, an official at Bali's prosecutor office said last week.
Wed, 21 Oct 1998
Megawati faces huge challenges
Megawati faces huge challengesBy Aleksius Jemadu BANDUNG (JP): As a political reformist and candidate for national leader, Megawati Soekarnoputri has some advantages that others are lacking. First, she is widely accepted as a living symbol of justified resistance against Soeharto's authoritarian...
Wed, 21 Oct 1998
Golkar introduces its new outlook
Golkar introduces its new outlook JAKARTA (JP): President B.J. Habibie was conspicuously absent from Golkar's 34th anniversary reception on Tuesday, where chairman Akbar Tandjung and leaders of the dominant political grouping ignored public calls to apologize for past political mistakes.
Wed, 21 Oct 1998
Call to alter Freeport contract 'unrealistic'
Call to alter Freeport contract 'unrealistic' JAKARTA (JP): Analysts said on Tuesday that the House of Representatives' call for a review of giant copper and gold mining company PT Freeport Indonesia's contract of work (COW) was unrealistic.Vice chairman of the Indonesian Mining Association (IMA) M.
Wed, 21 Oct 1998
Discrimination
Discrimination On Oct. 16, my friend and I took an old friend for a drink. She was visiting Jakarta on family business. We preferred to go to a hotel, feeling it would be a safe place to go. So we decided to go to the bar at the Shangri-La Hotel. But two security guards stopped us.
Wed, 21 Oct 1998
A.M. Saefuddin apologizes over statement on Megawati
A.M. Saefuddin apologizes over statement on Megawati JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin apologized on Tuesday for his remark last week which some people said insulted Hindu and Balinese people, saying he had not intended to humiliate anyone.
Wed, 21 Oct 1998
More autonomy 'key to keeping nation united'
More autonomy 'key to keeping nation united' JAKARTA (JP): Scholars provided on Tuesday different explanations about what constitutes the threat of national disintegration, but agreed that more autonomy for regions would be among the best measures to keep the nation unified.
Wed, 21 Oct 1998
Telkom rings wrong number with kiosks
Telkom rings wrong number with kiosks BOGOR (JP): Operators of the 253 telecommunications kiosks here have complained of carelessness by PT Telkom in issuing new licenses without first considering interests of existing businesses.