Archive: 24 October 1998
51 articles found
Sat, 24 Oct 1998
PPP sticks to its guns on ABRI's House membership
PPP sticks to its guns on ABRI's House membership JAKARTA (JP): The United Development Party (PPP) faction in the People's Consultative Assembly defended on Friday its proposal to abolish the Armed Forces' (ABRI) representation in the House of Representatives.
Sat, 24 Oct 1998
Insulted Hindus continue protest
Insulted Hindus continue protest JAKARTA: Hindus on the resort island of Bali on Friday demanded that a minister resign or be sacked over remarks deemed insulting to Balinese and Hindus, officials and reports said.
Sat, 24 Oct 1998
France, RI to develop distance learning links
France, RI to develop distance learning links JAKARTA (JP): For many people, education might be associated with studying in a classroom with a teacher. Technology, however, is allowing us to study from wherever we are and whenever we want.
Sat, 24 Oct 1998
Paribas cuts RI operation
Paribas cuts RI operation KUALA LUMPUR (Dow Jones): French investment bank Paribas SA has followed words with deeds in making dramatic cuts to its Southeast Asian stockbroking business in Indonesia, Malaysia, Thailand and the Philippines, company sources said Friday.
Sat, 24 Oct 1998
Aetna debuts policies
Aetna debuts policies JAKARTA (JP): Life insurer PT Aetna Life Indonesia, an affiliate of the giant Aetna Inc. of the United States, launched on Thursday its Aetna Multi Dana and Aetna Dwiguna policies.
Sat, 24 Oct 1998
Philippine slowdown seen bottoming soon, says LBP
Philippine slowdown seen bottoming soon, says LBP CHIANG MAI, Thailand (Reuters): Philippine banks will likely experience the worst impact of the Asian financial crisis in the last quarter of 1998 before seeing their positions improve next year, the head of the Landbank of the Philippines said on...
Sat, 24 Oct 1998
Five killed in tour bus crash
Five killed in tour bus crash KUALA LUMPUR (AP): Two Singaporeans and one Thai were among five people killed when a tour bus rammed into an advertising pole near the Malaysian capital.The national news agency Bernama reported on Friday that the Thai woman killed in the crash near midnight on...
Sat, 24 Oct 1998
Econit declared 'clean' after director questioned
Econit declared 'clean' after director questioned JAKARTA (JP): The National Police declared consulting agency Econit "clean" after questioning its former executive director Rizal Ramli in connection with allegations of graft against a senior economics minister.
Sat, 24 Oct 1998
New rehabilitation complex to be built
New rehabilitation complex to be built JAKARTA (JP): PT Catur Swasakti Utama (CSU), a subsidiary of Bakrie Group, has started work on a rehabilitation housing complex in Cipayung, East Jakarta, which it agreed to construct in exchange for the plot of land where the luxurious Taman Rasuna Apartments...
Sat, 24 Oct 1998
WB urges RI officials to declare all their assets
WB urges RI officials to declare all their assets JAKARTA (JP): The World Bank is urging the Indonesian government to require all its major officials to declare their assets and prohibit conflicts of interest in decision making as part of a concerted campaign to stamp out corruption.
Sat, 24 Oct 1998
Bank Mashill delays merger to next year
Bank Mashill delays merger to next year JAKARTA (JP): Publicly listed Bank Mashill will postpone its merger plan with three other medium-size banks -- Jayabank International, Bank Artamedia and Bank Ciputra -- until early next year.
Sat, 24 Oct 1998
Rupiah 'still has leeway' to advance to 6,000 level
Rupiah 'still has leeway' to advance to 6,000 level JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Friday that he was upbeat that the rupiah would still be able to advance to a level between 6,000 and 6,500 against the U.S. dollar, despite the currency's retreat in the last two days.
Sat, 24 Oct 1998
Political will needed
Political will needed What is the definition of corruption? Odd as it may seem, difficulties in answering this simple question in clear-cut legal terms seem to be among the obstacles hampering the search for the billions of dollars former president Soeharto is believed by many to have squirreled...
Sat, 24 Oct 1998
RI needs time to show strong
RI needs time to show strong COLOMBO (AP): Indonesia's economy is likely to take two to three years before returning to strong growth following the Asian financial crisis, the regional head of the International Finance Corporation said Friday.
Sat, 24 Oct 1998
Risk-taking key to RI's recovery
Risk-taking key to RI's recoveryBy C.J. de Koning This is the second of two articles on the Indonesian economic crisis. JAKARTA (JP): When a country, like Indonesia, is funding its economic activities for more than 65 percent by foreign sources, then a number of economic textbook applications apply...
Sat, 24 Oct 1998
Mission impossible for local swimmers at Asiad: Official
Mission impossible for local swimmers at Asiad: Official JAKARTA (JP): Indonesia's bid to win at least bronze medals in the pool at the 13th Asian Games is unrealistic, an Indonesian Swimming Association official said on Friday.
Sat, 24 Oct 1998
Transparency 'key' for safety net funds
Transparency 'key' for safety net funds JAKARTA (JP): Transparency in the social safety net scheme is increasingly urgent given the plan to distribute funds of billions of rupiah to 1,500 subdistricts next month, a social researcher said.
Sat, 24 Oct 1998
Most Asian currencies weaken as U.S. dollar gains strength
Most Asian currencies weaken as U.S. dollar gains strength SINGAPORE (Dow Jones): The U.S. currency's rebound against the yen during Asian trading on Friday also saw the dollar rally against many of Asia's regional currencies.
Sat, 24 Oct 1998
Soekardjo declared mentally healthy
Soekardjo declared mentally healthy YOGYAKARTA: A four-strong team of psychiatrists and psychologists declared on Friday that Soekardjo Wilardjito -- a former aide of founding president Sukarno -- was mentally healthy.
Sat, 24 Oct 1998
Strengthening of rupiah affects trade at expo
Strengthening of rupiah affects trade at expo JAKARTA (JP): The recent strengthening of the rupiah has affected transactions at the 1998 Indonesian Export Products exhibition at the Jakarta Fairgrounds.
Sat, 24 Oct 1998
Look into your hearts
Look into your hearts I am writing in response to Sumarsono Sastrowardoyo's letter on Sun Tsu in The Jakarta Post of Oct. 17.We ethnic Chinese-Indonesians, who have no conglomerates and are not profiteers of the state, have indeed come to realize that as a minority group we are making no demands...
Sat, 24 Oct 1998
Women losing out in labor-intensive govt projects
Women losing out in labor-intensive govt projects JAKARTA (JP): Gender bias in labor intensive projects has created fewer opportunities for unemployed women, according to noted demographer Mayling Oey-Gardiner.
Sat, 24 Oct 1998
Local NGOs pledge to work together on political education
Local NGOs pledge to work together on political education JAKARTA (JP): Representatives of non-governmental organizations named on Thursday a priority to work together for political education of the public amid the recent turmoil of political upheaval and the economic crisis.
Sat, 24 Oct 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Batik Exhibition, at Gedung Departemen Perindustrian, Ground Floor, Jl. Gatot Subroto, 9 a.m. to 5 p.m., until Oct. 28. * Painting Exhibition by Ketut Susena and Hanta Guna, at Mitra Hadiprana, Jl.
Sat, 24 Oct 1998
Tommy Soeharto reports 'Gatra' weekly to police
Tommy Soeharto reports 'Gatra' weekly to police JAKARTA (JP): Businessman Hutomo Mandala Putra lodged a complaint at the city police headquarters on Friday against a weekly that linked his name to a report of the recent arrest of five Indonesian students in a drug raid in Australia.
Sat, 24 Oct 1998
Mahathir unfazed by Clinton snub
Mahathir unfazed by Clinton snub KUALA LUMPUR (AP): Malaysia's prime minister on Friday brushed off U.S. President Bill Clinton's decision not to pay a courtesy call on him during a regional trade meeting in Kuala Lumpur next month.
Sat, 24 Oct 1998
Rate ceiling for Oct.26-Nov.1
Rate ceiling for Oct.26-Nov.1 Time deposit Maximum rate Maximum rate rupiah deposit (%) U.S. dollar deposit (%)---------------------------------------------------------1-month 61 153-month 60 156-month 49 1512-month 47 1524-month 30 18 Maximum overnight rate for rupiah : 53 percentMaximum overnight...
Sat, 24 Oct 1998
Cheap loans for small firms and cooperatives
Cheap loans for small firms and cooperatives JAKARTA (JP): The government announced on Friday it had allocated more than Rp 10 trillion (about US$1.3 billion) for heavily subsidized loans to small and medium businesses and cooperatives, and another Rp 100 billion for ailing public transportation...
Sat, 24 Oct 1998
Indonesian exports show recovery
Indonesian exports show recovery JAKARTA (JP): Jakarta-based consultancy firm PT TradeData announced on Friday some early, albeit tentative evidence of a recovery in Indonesian exports for the first time since the onset of the crisis.
Sat, 24 Oct 1998
Two policemen detained for shooting trader to death
Two policemen detained for shooting trader to death JAKARTA (JP): The military police have detained two police sergeants who were allegedly involved in the shooting dead of a used book vendor in Senen market in Central Jakarta on Thursday. One was reportedly drunk at the time.
Sat, 24 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 23, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 -25 50,000 Alumindo Light Metal 250 0 150,000 Alumindo...
Sat, 24 Oct 1998
Officials' decisions
Officials' decisionsFrom MerdekaI would like to comment on some decisions taken by our high- ranking government officials.There have been many incidents and cases that have disappeared from circulation.
Sat, 24 Oct 1998
Can Megawati lead reformed government?
Can Megawati lead reformed government?By Donna K. Woodward MEDAN, North Sumatra (JP): Megawati Soekarnoputri, who was reelected as chairwoman and nominated as a presidential candidate by the government-ousted faction of the Indonesian Democratic Party (PDI) in its recent congress in Bali, has...
Sat, 24 Oct 1998
Solo aviator touches down in jakarta
Solo aviator touches down in jakarta JAKARTA (Reuters): An Australian aviator recreating a flight from London to Darwin in northern Australia in a single-engine aircraft 70 years ago landed in Jakarta on Thursday, and was greeted by a tropical thunderstorm.
Sat, 24 Oct 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 23, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,575.00 7,675.00 7,575.00 7,725.00Austrian schilling 1 603.35 673.35 - -Australian dollar 1 4,600.60 4,860.60 4,560.00 4,960.
Sat, 24 Oct 1998
Asian marts mixed in cautious Friday trade
Asian marts mixed in cautious Friday trade TOKYO (AFP): Asian stock markets closed mixed Friday as cautious investors locked in profits ahead of the week-end and waited for signals from Wall Street, dealers said.
Sat, 24 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Thunder Cats 3:05 Children's Program: Dunia Ku 3:30 Science Film: Invention 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in...
Sat, 24 Oct 1998
'King and I' out of favor in Thailand
'King and I' out of favor in Thailand BANGKOK (DPA): Thailand's film board has recommended a new 20th Century Fox production of Anna and The King not be allowed to film in Thailand because it could offend the royal family, the English-language Nation reported Friday.
Sat, 24 Oct 1998
Global indexes
Global indexes Close Date Net Changes 1 Day 1998 New York (DJIA) 8499.67 10/23* -33.47 -0.39% +7.48%London (FTSE 100) 5173.00 10/23* -56.90 -1.09% +0.73%Tokyo (Nikkei 225) 14144.70 10/23 -150.86 -1.06% -7.30%Hong Kong (Hang Seng) 9817.75 10/23 +159.17 +1.65% -8.44%Singapore (Straits Times) 1113.
Sat, 24 Oct 1998
Reverse prosecution on Soeharto 'unviable'
Reverse prosecution on Soeharto 'unviable' JAKARTA (JP): Guilty until proven innocent -- in which one has to prove one's innocence -- cannot be applied to Soeharto and his family who allegedly amassed a fortune during the former president's 32 years in power, a law professor says.
Sat, 24 Oct 1998
Irregularities found in WB-funded projects
Irregularities found in WB-funded projects JAKARTA (JP): A joint investigation by the World Bank and the Ministry of Education and Culture has found deficiencies and irregularities in the construction of a number of World Bank- financed schools, an official said here on Friday.
Sat, 24 Oct 1998
United Nations Day to be celebrated
United Nations Day to be celebrated JAKARTA (JP): The United Nations Information Center (UNIC) will celebrate United Nations Day, which falls on Saturday, with a series of activities in Gedung Dewan Pers on Jl. Kebon Sirih, Central Jakarta, from Monday to Friday.
Sat, 24 Oct 1998
Govt rejects Sentul management offer
Govt rejects Sentul management offer JAKARTA (JP): The government has rejected an offer to take over the management of Sentul international racing circuit near Bogor, West Java, State Minister of Youth Affairs and Sports Agung Laksono said on Friday.
Sat, 24 Oct 1998
Govt to end Pertamina's oil lubricant monopoly
Govt to end Pertamina's oil lubricant monopoly JAKARTA (JP): The government will soon scrap state oil and gas company Pertamina's monopoly on the production, import and distribution of oil-based lubricants, according to Minister of Mines and Energy Kuntoro Mangkusubroto.
Sat, 24 Oct 1998
Agum warns about political disturbances or disintegration
Agum warns about political disturbances or disintegration JAKARTA (JP): National Resilience Institute (Lemhannas) Governor Let. Gen. Agum Gumelar says there is a possibility of political disturbances or national disintegration as a consequence of the emergence of numerous groups seeking to further...
Sat, 24 Oct 1998
Pre-qualification for Indosat bid to start
Pre-qualification for Indosat bid to start JAKARTA (JP): The government is moving ahead with plans to further divest its holding in the publicly listed international telecommunications provider PT Indosat, with the pre- qualification process for potential strategic investors to start on Saturday.
Sat, 24 Oct 1998
House determined to make quality new political laws
House determined to make quality new political laws JAKARTA (JP): Golkar legislator Abu Hasan Sazili promised on Thursday that the House of Representatives (DPR) would produce quality political laws despite the limited time available.
Sat, 24 Oct 1998
Airport quarantine officials stretched to the limit
Airport quarantine officials stretched to the limit TANGERANG (JP): Holding a myna bird, a Saudi Arabian was about to cross the first check-in control gate in the departure lounge at Soekarno-Hatta International Airport when he was stopped by airport security guards.
Sat, 24 Oct 1998
Govt asked to put a stop to killing spree in E. Java
Govt asked to put a stop to killing spree in E. Java JAKARTA (JP): Rights activists demanded on Friday that the government put a stop to the mysterious killing spree in East Java which has claimed more than 150 lives, mostly of Islamic teachers and suspected black magic practitioners.
Sat, 24 Oct 1998
Ainaro regent in corruption probe
Ainaro regent in corruption probe DILI, East Timor: Ainaro Regent Norberto de Araujo is to be questioned by the provincial prosecutor's office over corruption allegations, a local official said on Wednesday.
Sat, 24 Oct 1998
Indonesian Mursyid banned for life
Indonesian Mursyid banned for life BEIRUT (Agencies): Indonesian soccer player Mursyid Effendy has been banned for life for scoring an own goal that made a mockery of a Tiger Cup match pitting his team against Thailand in August, the Asian Football Confederation (AFC) announced on Friday.