Archive: 28 October 1998
65 articles found
Wed, 28 Oct 1998, 00:00 WIB
TV today
TV today TVRI 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 Science and Technology 5:30 Education Quiz: Sang Juara 6:00 News: Lintasan Berita 6:05 Management Program: Kiat Usaha 6:15 Sports 6:30 TVRI News (in English) 7:00 Evening News 7:35 TV Drama: Bukan Pilihan 8:00 News: Lintasan Berita 8:05 Health Program: Lintasan Kesehatan 8:30 News: Laporan Peristiwa 9:00 World News 9:30...
Wed, 28 Oct 1998, 00:00 WIB
Asian emerging markets again a favored portfolio
Asian emerging markets again a favored portfolio SINGAPORE (Dow Jones): Cheap asset valuations along with resurgent currency and equity markets have turned Asia into a favored emerging market punt, SG's global strategist for emerging markets and Latin America said Tuesday. SG is the international investment and commercial banking arm of Societe Generale.
Wed, 28 Oct 1998, 00:00 WIB
Britain welcomes Indonesian government's new openness
Britain welcomes Indonesian government's new openness JAKARTA (JP): British Ambassador Robin Christopher has welcomed the political openness introduced by the Indonesian government despite the all-encompassing economic crisis, and called for discourses on democratization and human rights. Christopher told a media conference on Tuesday that in order to ensure the momentum for democratization was not lost, now was the right to time to discuss human rights protection in Indonesia.
Wed, 28 Oct 1998, 00:00 WIB
Coach, sponsor pleased with Indonesia Open
Coach, sponsor pleased with Indonesia Open JAKARTA (JP): A foreign coach and the sponsor expressed their relief on Tuesday that the Badminton Association of Indonesia (PBSI) was proceeding with the Sanyo Indonesia Open badminton championships which starts on Wednesday. "It's a good achievement for PBSI to go ahead with the tournament. Some tournaments have had to be canceled due to the bad circumstances.
Wed, 28 Oct 1998, 00:00 WIB
Bank Indonesia's net int'l reserves increase slightly
Bank Indonesia's net int'l reserves increase slightly JAKARTA (JP): Bank Indonesia's net international reserves increased by US$64.9 million to $13.9 billion in the week ending Oct. 23, up from $13.8 billion in the previous week, the central bank said on Tuesday. The central bank said in a statement that the increase resulted from the disbursement of a foreign loan and foreign exchange revenue from the export of oil and natural gas.
Wed, 28 Oct 1998, 00:00 WIB
Youth Pledge Day
Youth Pledge Day Seventy years ago to the day, a group of young Indonesian nationalists representing a number of youth organizations met in a small, little publicized gathering in what was then Batavia, the capital of the Dutch East Indies -- now the present day Jakarta. Despite its humble setting, the meeting was to prove to be far from inconsequential.
Wed, 28 Oct 1998, 00:00 WIB
Royal raises RI provision
Royal raises RI provision EDINBURGH (Dow Jones): Royal Bank of Scotland Group PLC (RBSB) has lifted provisions for Indonesian exposure in the second half of its fiscal year ending Sept. 30, Chief Executive George Mathewson said Tuesday. "Our provisions for Indonesia were 25 percent of our Indonesian exposure at the half year. We will be moving it up from that in the second half," he said in an interview with Dow Jones Newswires.
Wed, 28 Oct 1998, 00:00 WIB
Irian Jaya convicts 'underfed'
Irian Jaya convicts 'underfed' JAYAPURA, Irian Jaya: The head of a detention center here, Mashudi, requested visiting legislators recommend to the government an increase in the food allowance allocated to prisoners. "The issue was raised because the allowances here do not meet nutritional standards," Mashudi told members of House Commission I for legal and political affairs. The legislators, led by YB Wiyanjono had visited the Abepura prison.
Wed, 28 Oct 1998, 00:00 WIB
Canada aids 'governance reform'
Canada aids 'governance reform' JAKARTA: Chairman of National Development Planning Board (Bappenas) Boediono and Canadian Ambassador Kenneth Sunquist signed on Tuesday two development assistance programs, including one on "governance reform", worth C$5 million (US$3.3 million). The aid was for technical support for the Indonesian government's campaign to overcome the economic crisis and launch reform.
Wed, 28 Oct 1998, 00:00 WIB
Rupiah remains firm, stocks rise slightly
Rupiah remains firm, stocks rise slightly JAKARTA (JP): The rupiah failed to continue its rally against the U.S. dollar on Tuesday, closing at 7,400, similar to its close on Monday, currency dealers said. Currency dealers said that most market participants were reluctant to build any position in the run-up to the special session of the People's Consultative Assembly (MPR), which is scheduled for Nov. 10 to Nov. 13.
Wed, 28 Oct 1998, 00:00 WIB
U.S. helping Indonesian students studying in America and at home
U.S. helping Indonesian students studying in America and at home JAKARTA (JP): Fewer academic hours and exemptions on work restrictions are among the policies helping more than 12,000 Indonesians studying in the United States, American Ambassador to Indonesia Stapleton Roy said on Tuesday. In April it was reported that of the 60,000 Indonesians studying abroad, an estimated 10 percent had returned home, unable to finance their studies since the monetary crisis hit the country last July.
Wed, 28 Oct 1998, 00:00 WIB
Indonesia's Utut up and down at rapid chess
Indonesia's Utut up and down at rapid chess JAKARTA (JP): Indonesian Grand Master Utut Adianto suffered his second defeat in the US$48,000 Intercontinental Rapid Chess tournament at Cap d'Agde, France, on Tuesday. The loss at the hands of defending champion Boris Gelfand of Belarus was a setback after Utut celebrated two convincing wins less than 24 hours before. On Tuesday, Utut, who played black, resigned after 36 moves of a match fully controlled by Gelfand.
Wed, 28 Oct 1998, 00:00 WIB
72,000 RI workers sent home from Malaysia
72,000 RI workers sent home from Malaysia JAKARTA (JP): A total of 72,191 Indonesians in Malaysia have been sent home to their places of origin in various parts of Indonesia, Antara quoted Malaysian authorities in Kuala Lumpur on Monday. Malaysian immigration director Aseh Cha Mat said the Indonesians left through 23 immigration checkpoints throughout the peninsula. Most entered Malaysia illegally or did not have working permits.
Wed, 28 Oct 1998, 00:00 WIB
ICMI defends Saefuddin over Hindu defamation
ICMI defends Saefuddin over Hindu defamation JAKARTA (JP): The influential Association of Indonesian Moslem Intellectuals (ICMI) came to the defense of its member State Minister of Food and Horticulture A.M. Saefuddin on Tuesday, saying he had not intended any ill will when he made recent remarks Hindus have considered offensive.
Wed, 28 Oct 1998, 00:00 WIB
Tangerang entertainment center vandalized
Tangerang entertainment center vandalized TANGERANG (JP): Hundreds of residents damaged Shing-Shing Soo entertainment center in Jatake village, Jatiuwung district, on Monday night in protest over its reopening after being closed down by the authorities. They strongly protested the existence of the entertainment spot, which was equipped with a restaurant and karaoke lounge, as it was believed to have been frequently used as an undercover prostitution center.
Wed, 28 Oct 1998, 00:00 WIB
Clerics announce holy war
Clerics announce holy war TANGERANG (JP): At least 100 prominent Moslem figures from the Tangerang regency branch of Islamic group Nahdlatul Ulama (NU) have pledged to mount a holy war against any parties trying to break up the country's Moslem society. In a gathering at the Al Ittihad mosque here on Tuesday, all the clerics said they would risk their lives in the name of the Almighty God (Jihad Fisabilillah) to fight against those who attempted to besmirch Islam.
Wed, 28 Oct 1998, 00:00 WIB
Govt angry at rivals' calls to halt loans to Cambodia
Govt angry at rivals' calls to halt loans to Cambodia PHNOM PENH (Agencies): The government accused opposition leaders on Tuesday of risking the Cambodian people's survival by calling for international lenders to stop providing loans to the kingdom. Opposition chiefs Prince Norodom Ranariddh and Sam Rainsy asked the Asian Development Bank, in a letter sent to the bank's president on Monday, to withhold further loans to Cambodia until a new coalition government is in place.
Wed, 28 Oct 1998, 00:00 WIB
Student soccer fans brawl, 31 injured
Student soccer fans brawl, 31 injured YOGYAKARTA (JP): At least 31 people, including an eight-year- old boy, were injured and seven motorcycles were set ablaze when supporters of two local university soccer teams clashed on Monday evening. The rampaging crowd also vandalized the Mandala Krida Stadium, the venue of the match pitting teams from the Indonesian Islamic University (UII) and Janabadra University.
Wed, 28 Oct 1998, 00:00 WIB
RI gets Triple-C rating
RI gets Triple-C rating HONG KONG (Dow Jones): Duff & Phelps Credit Rating Co. said Tuesday it has assigned a Triple-C long-term foreign currency issuer rating to the Republic of Indonesia and a Single-B-minus rating to the country's outstanding US$400.0 million Yankee bond due 2006.
Wed, 28 Oct 1998, 00:00 WIB
Soeharto's wealth
Soeharto's wealth From Ummat All the mass media has been zealously talking about Pak Harto's wealth abroad. I agree with Pak Amien Rais. What is the point of tracking the wealth of Pak Harto and his family abroad. Just remember what Mrs. Cory Aquino did when, as president of the Philippines, she tried to track the assets of former president Marcos in overseas banks. She hired experts in the countries where the assets were supposed to have been stashed. The result?
Wed, 28 Oct 1998, 00:00 WIB
Students report to military police
Students report to military police MEDAN, North Sumatra (JP): About 100 students of the Medan Institute of Technology (ITM) reported to the military police on Tuesday the arrest of four of their colleagues by police the day before. On Monday 11 students grouped in the Medan Students Solidarity Forum (Forsolima) planned to visit 12 workers of PT Latexindo Toba Perkasa detained at the Medan police headquarters.
Wed, 28 Oct 1998, 00:00 WIB
Good governance is a must
Good governance is a must By Aleksius Jemadu BANDUNG (JP): Oct. 28 is always a day for reflection. In 1928, seventy years ago today, Indonesian youths from different ethnic and religious backgrounds gathered in Jakarta and proclaimed that they belonged to the same nation and motherland with one national language. That was the birth of Indonesian nationalism and an important step toward independence, which eventually came on Aug. 17, 1945, when Indonesia finally shook off its colonial shackles.
Wed, 28 Oct 1998, 00:00 WIB
Le Meridien gets award
Le Meridien gets award JAKARTA (JP): Le Meridien Nirwana Golf and Spa Resort in Bali has been awarded the highest rank in Meridien Worldwide quality, the hotel announced on Tuesday. Hotel general manager Gerard Hotelier said that his hotel received the highest score among 250 hotels under Meridien worldwide in the twice yearly audit which consists of a comprehensive review of all services, products and facilities.
Wed, 28 Oct 1998, 00:00 WIB
Hashim quits post at Bank Papan Sejahtera
Hashim quits post at Bank Papan Sejahtera JAKARTA (JP): Shareholders of the publicly-listed Bank Papan Sejahtera (BPS) approved a major reshuffle of senior bank personnel on Tuesday which includes the resignation of Hashim Djojohadikusumo as chief commissioner. Former Bank Indonesia senior official Susanna E. Pallaupessy was appointed as the bank's new chief commissioner, while Armand B. Arief becomes the bank's new president, replacing J.R.M. Winarendra.
Wed, 28 Oct 1998, 00:00 WIB
Hope still flickers for shuttler Sigit in steroid-taking case
Hope still flickers for shuttler Sigit in steroid-taking case JAKARTA (JP): Sports medical expert Dangsina Moeloek said on Tuesday there was still hope that Indonesia's badminton world doubles champion Sigit Budiarto would be cleared of drug taking. She said there was a chance the dope test on Sigit's second urine sample would not detect any banned substances.
Wed, 28 Oct 1998, 00:00 WIB
Mobs lynch four 'suspected ninjas' in East Java
Mobs lynch four 'suspected ninjas' in East Java SURABAYA (JP): Villagers in East Java have lynched four men who they suspected were involved in a wave of "ninja" killings, including three who were dragged out of their car, police and sources said on Tuesday. The four men were killed in two separate attacks. One died in Gadungan village, Puncu subdistrict in Kediri regency, while the other three died in Brondong village in Lamongan.
Wed, 28 Oct 1998, 00:00 WIB
MPR urged to issue decree on freedom of information
MPR urged to issue decree on freedom of information JAKARTA (JP): A group of communications experts and practitioners have called on the People's Consultative Assembly (MPR) to pass a decree on freedom of information during its special session between Nov. 10 and Nov. 13. In a news conference here on Tuesday, the Indonesian Press Society said it would submit a draft Decree on Freedom of Information to the Assembly on Wednesday morning and urged the body to adopt it.
Wed, 28 Oct 1998, 00:00 WIB
RI cattle import increases
RI cattle import increases MELBOURNE (Bloomberg): A doubling in the value of the Indonesian rupiah over the past three months has revived demand for live cattle from a country that was formerly Australia's best customer, cattle industry officials said on Tuesday. The Indonesian rupiah, which now trades at 7,400 a U.S. dollar, has recovered from a record low of almost 17,000 to the U.S. dollar in June.
Wed, 28 Oct 1998, 00:00 WIB
Building public trust
Building public trust Whether or not it is true that foreign trust in our non-oil exports is returning, the government must without delay and in complete earnest set a continual watch over the quality of our export products, see to it that all terms of payment are complied with and ensure that all products are delivered promptly.
Wed, 28 Oct 1998, 00:00 WIB
Govt to honor Freeport's contract
Govt to honor Freeport's contract JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto reaffirmed on Tuesday that the government would honor the mining contract of work (COW) with copper and gold mining company PT Freeport Indonesia. "We are honoring the contract," Kuntoro said after opening the 26th convention of the Indonesian Petroleum Association (IPA).
Wed, 28 Oct 1998, 00:00 WIB
Solarex project on target
Solarex project on target JAKARTA (JP): Solarex, an American joint venture between Amoco Corp. and Enron Corp, said on Monday that its US$25 million solar project in Indonesia was on schedule despite the prolonged economic crisis. The company said in a statement that of the 36,400 planned solar systems, more than 21,000 had been delivered and installed by the end of September with the remaining 15,400 units expected to be installed by late 1999.
Wed, 28 Oct 1998, 00:00 WIB
Universal education will stop disintegration
Universal education will stop disintegration By Iwan Pranoto BANDUNG (JP): Many believe that the 1928 Generation, mostly consisting of young educated civilians, had the most important role in the nation's history. This is because in 1928 the country's founding fathers had a very progressive vision of what Indonesia should be in the future. They declared that vision on Oct. 28, 1928, through a youth pledge, well known as Sumpah Pemuda -- One Country, One Nation, and One Language: Indonesia.
Wed, 28 Oct 1998, 00:00 WIB
Govt told to be fair in giving loans to transportation firms
Govt told to be fair in giving loans to transportation firms JAKARTA (JP): The government has been urged to be fair in issuing credit to help the city's ailing public transportation operators. La Ode Djeni Hasmar, the head of Wahana Kalpika Cooperatives (KWK), said on Tuesday that it was not fair to provide cheap credit worth Rp 94.1 billion to wide-bodied bus operators alone. The credits should be divided equally between wide-bodied buses, minibuses and minivans, he said.
Wed, 28 Oct 1998, 00:00 WIB
Draft Assembly decrees must not be considered final: Experts
Draft Assembly decrees must not be considered final: Experts JAKARTA (JP): Constitutional law experts said on Tuesday that draft decrees completed for deliberation in the People's Consultative Assembly's (MPR) special session should not be considered final. Even if the United Development Party (PPP) faction lost in a vote on the Armed Forces representation in the House of Representatives, they should not be deterred from pressing the issue, the experts said.
Wed, 28 Oct 1998, 00:00 WIB
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Oct. 27, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Wed, 28 Oct 1998, 00:00 WIB
200 housing complex residents yet to receive land certificates
200 housing complex residents yet to receive land certificates BOGOR (JP): At least 200 residents of Reny Jaya housing complex in Pondok Petir village, Sawangan district, have become increasingly anxious due to the developer's failure to give them land certificates on time.
Wed, 28 Oct 1998, 00:00 WIB
Saudi faces jail for drug possession
Saudi faces jail for drug possession JAKARTA (JP): A Saudi citizen was indicted at Central Jakarta District Court on Tuesday for possessing 2.09 grams of dried marijuana. Prosecutor Agus Widodo said the defendant, Khalil L.M. Al- Gahtani, 39, was arrested on July 27 in a police raid in front of Taman Ismail Marzuki art center on Jl. Cikini Raya in Central Jakarta.
Wed, 28 Oct 1998, 00:00 WIB
Jail time sought in 'sandal' slaying
Jail time sought in 'sandal' slaying JAKARTA (JP): A prosecutor is seeking five years in jail for a market trader who allegedly caused fatal injuries to a hoodlum and injured the latter's friend in a row over a pair of missing sandals. Prosecutor Fahrur Rozy told the Central Jakarta District Court that Arismon, alias Simon, 32, fatally struck Evo Jaya with a wooden plank on July 1 at Palmerah market on Jl. Palmerah Barat after they argued about the sandals missing from Simon's kiosk.
Wed, 28 Oct 1998, 00:00 WIB
RI seen struggling to lure oil investors
RI seen struggling to lure oil investors JAKARTA (JP): An executive of a major American oil company said on Tuesday the Indonesian government had its work cut out for it in attracting new investors to the country's oil and gas industry amid the monetary crisis. President of Unocal Corp. John F.
Wed, 28 Oct 1998, 00:00 WIB
Roesmanhadi calls for new police mentality and foreign study
Roesmanhadi calls for new police mentality and foreign study JAKARTA (JP): Developing a new mentality and using study opportunities abroad rank among the calls for enhancing professionalism within the police force following its separation from the Armed Forces. Antara reported on Wednesday that National Police chief Lt.Gen. Roesmanhadi has requested that Germany revive study opportunities for Indonesian officers, mainly to improve professionalism in detective work.
Wed, 28 Oct 1998, 00:00 WIB
S'pore paper tells KL to shut up
S'pore paper tells KL to shut up SINGAPORE (AP): Singapore's largest government-controlled newspaper told Malaysian politicians on Tuesday to "shut up" and accused them of going on flights of fancy in alleging that Singaporean aircraft had violated Malaysian airspace during the past month. "The message that ought to get through to Kuala Lumpur is this: Show proof of the ... intrusions or shut up," said the editorial in The Straits Times.
Wed, 28 Oct 1998, 00:00 WIB
Inco holds dividend payment
Inco holds dividend payment JAKARTA (JP): Nickel producer PT International Nickel Indonesia, a subsidiary of the Toronto-based Inco Ltd. said Tuesday it has deferred payment of the 1998 interim dividend. The company said in a statement on Tuesday that the decision was taken due to the continuing low level of nickel prices and the adverse impact of the weather phenomenon "El Nino" on its hydro-electric generating facilities.
Wed, 28 Oct 1998, 00:00 WIB
Open-sky policy mulled to lure more tourists
Open-sky policy mulled to lure more tourists JAKARTA (JP): The government is currently studying the possibility of introducing a limited open-skies policy which will open up all domestic routes to international carriers, in a bid to attract more foreign tourists. A reliable source in the tourism industry said on Tuesday that the new policy would be part of a tourism package which is currently being deliberated by the Ministry of Tourism, Arts and Culture, and the Ministry of Communications.
Wed, 28 Oct 1998, 00:00 WIB
CIDES clarifies
CIDES clarifies I would like to refer to an article published on Oct. 21, 1998, page 2, CIDES laments revival of sectarian politics, which is seemingly a stance that is the only vision of Center for Information and Development Studies (CIDES) scholars. Actually, it is only the visions of some CIDES scholars, not all. For me, democratization should not be confined by any ideological constraints, be they Islamic, Christian, Socialist or anything else.
Wed, 28 Oct 1998, 00:00 WIB
Language experts decry political doublespeak
Language experts decry political doublespeak JAKARTA (JP): Linguists renewed their resistance on Tuesday against interference by political vested interests in the formulation of Indonesian, charging it obstructed the function of the language as a means of communication. Prominent writer Ajip Rosidi told the second day of the congress at Hotel Indonesia that Indonesian had experienced "chaos" in recent years. The congress will close on Friday.
Wed, 28 Oct 1998, 00:00 WIB
Spotlight
Spotlight Photo A: Santika Hotel Santika SAFETY CHECK: Peruvian Ambassador to Indonesia Max de la Fuente (left) receives a warm greeting from the general manager of Hotel Santika Yogyakarta, Ign. Haryadi. A group of VIP guests from several embassies in Jakarta visited Yogyakarta last week to relay assurances to the international community that Yogyakarta is safe and ready to welcome tourists from all over the world.
Wed, 28 Oct 1998, 00:00 WIB
ASEAN TV channel to be launched soon
ASEAN TV channel to be launched soon SINGAPORE (AP): Southeast Asian officials said on Tuesday a satellite television channel representing their countries' unique perspectives will be launched next year, as the beleaguered region seeks a unified voice amid increasing internal discord. Senior information officials from the Association of Southeast Asian Nations met in Singapore for two days to hammer out operational and financial details for the unprecedented satellite network.
Wed, 28 Oct 1998, 00:00 WIB
Securing Indonesia's Future: Chubb's New Manufacturing Plant
Securing Indonesia's Future: Chubb's New Manufacturing Plant Amid the insecurities challenging Indonesia, ironically, one company's future is safe. Chubb Indonesia is currently celebrating its 25th birthday by expanding operations with the opening of new state-of-the-art premises at east of Jakarta. In business since 1818, the Chubb name is now synonymous with security worldwide. Indeed, a look under "Chubb" in your Oxford dictionary will turn up "locking mechanism" as the meaning.
Wed, 28 Oct 1998, 00:00 WIB
Foreign investors demand business security
Foreign investors demand business security JAKARTA (JP): Foreign interest in investing in the country appears to be returning amid signs of an improvement in the economy, but security and political worries remain the biggest concern in realizing their investment plans, according to local businessmen. Hashim Djojohadikusumo, CEO and chairman of the Tirtamas conglomerate, said on Tuesday that the interest of European investors to invest in the country was gaining momentum.
Wed, 28 Oct 1998, 00:00 WIB
Bank DKI boss blamed for $21.5m bad credit
Bank DKI boss blamed for $21.5m bad credit JAKARTA (JP): City councilors have blamed the "authoritarian" management style of Bank DKI president Soeharto for saddling the city-owned institution with bad credit of about Rp 172 billion (US$21.5 million). Jonggi Sihombing and Syarief Zulkarnaen of Commission C for financial affairs said on Tuesday the Jakarta Prosecutor's Office should question Soeharto forthwith.
Wed, 28 Oct 1998, 00:00 WIB
PLN relying on govt support to ride out crisis
PLN relying on govt support to ride out crisis JAKARTA (JP): State electricity company PT PLN said on Tuesday it was banking on the government's support to ensure it survived the country's worst-ever economic crisis. PLN president Adhi Satriya said the government had taken over responsibility for restructuring most of the company's foreign debts. It has also been granted leeway to postpone the payment of its due debts to the government, Adhi said.
Wed, 28 Oct 1998, 00:00 WIB
Limiting officials' wealth
Limiting officials' wealth From Sinar Pagi Owing to the complexity inherent in practices of corruption, collusion and nepotism (KKN), it seems to be very difficult to eradicate them. It is taboo among thieves to shout "Thief!" Practices of KKN have been rife among officials in the bureaucracy and in the security/safeguarding sector.
Wed, 28 Oct 1998, 00:00 WIB
Indonesian timber ship capsizes off Sarawak
Indonesian timber ship capsizes off Sarawak KUALA LUMPUR (Antara): An Indonesian ship bound for Malaysia with 100 tons of sawn timber sank in the South China Sea on Oct. 17 after it was battered by huge waves. KM Marindo's 12 crew members were rescued by the Malaysian vessel Gisiang about 62 miles from the Sarawak coast, head of the consular section of the Indonesian embassy Fachry Sulaiman said on Tuesday.
Wed, 28 Oct 1998, 00:00 WIB
Megawati's chance very slim
Megawati's chance very slim A recent controversy surrounding the religious status of presidential candidate Megawati Soekarnoputri has turned out to be a kind of Pandora's Box for her. It has brought about not only a host of new problems but also renewed public attention to her previously known weaknesses and shortcomings.
Wed, 28 Oct 1998, 00:00 WIB
Mahathir to meet Bolkiah on crisis
Mahathir to meet Bolkiah on crisis KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad leaves for Brunei on Thursday for a two-day visit to discuss Asia's economic and financial crisis with Sultan Hassanal Bolkiah, the Foreign Ministry said. The official Bernama news agency said late on Monday that the two leaders' meeting would focus on the region's economic problems.
Wed, 28 Oct 1998, 00:00 WIB
Councilors want PDAM deals renewed
Councilors want PDAM deals renewed JAKARTA (JP): The City Council strongly supports the cooperative agreements on water management between city-owned water company PDAM Jaya and its two foreign partners, but urges the administration to review the deals, its speaker said. Speaking in a monthly meeting with the media on Tuesday, City Council Speaker Edy Waluyo said the city authority should arrange "renegotiation talks" for the new agreements immediately.
Wed, 28 Oct 1998, 00:00 WIB
Persebaya tipped to win national soccer league
Persebaya tipped to win national soccer league JAKARTA (JP): Fielding nine players who regularly form the backbone of the national team, Persebaya Surabaya is the red-hot favorite to win the soccer league which kicks off on Sunday, its chief rival predicts. "There's no doubt that they have been the most consistent team in the country in the past three years.
Wed, 28 Oct 1998, 00:00 WIB
Sjahril upbeat about rupiah
Sjahril upbeat about rupiah JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Tuesday that the rupiah would continue to strengthen until the end of the year amid signs of improvements in the economy. "I'm optimistic that the rupiah will at least hold at the current level," he told reporters following a meeting with President B.J. Habibie. He explained that various factors, including politics would continue to cause fluctuations in the exchange rate against the U.S.
Wed, 28 Oct 1998, 00:00 WIB
Hyundai's efforts boost Korean ties
Hyundai's efforts boost Korean ties PANMUNJOM (AFP): The head of South Korea's Hyundai business group led on Tuesday a fresh herd of cattle to the hunger- stricken North, brightening prospects for inter-Korean ties amid an easing of tension. Chung Ju-yung headed a procession composed of 50 brand-new Hyundai trucks marked with the Red Cross emblem and loaded with 501 cattle, which slowly rolled across the military demarcation line at this border truce village.
Wed, 28 Oct 1998, 00:00 WIB
Anwar urges Mahathir to step down honorably
Anwar urges Mahathir to step down honorably KUALA LUMPUR (Agencies): Detained former deputy premier Anwar Ibrahim urged Prime Minister Mahathir Mohamad on Tuesday to step down honorably after a crackdown on protests triggered riots in the capital. In a statement issued from detention following fierce weekend clashes between hundreds of demonstrators and police, Anwar said Mahathir "must accept the facts." "Hear the grievances of the people and withdraw from the scene in an honorable manner.
Wed, 28 Oct 1998, 00:00 WIB
RI sees first trade surplus with Australia in five years
RI sees first trade surplus with Australia in five years JAKARTA (JP): Indonesia's US$632 million trade surplus with Australia in the first eight months of the year is its first since 1993, a senior official at the Ministry of Industry and Trade said on Tuesday. Director General of International Trade and Industry Cooperation Hatanto Reksodiputro attributed the surplus mainly to the decline in imports from the neighboring country.
Wed, 28 Oct 1998, 00:00 WIB
Tambang Timah to focus on gold exploration, Erry says
Tambang Timah to focus on gold exploration, Erry says JAKARTA (JP): Publicly listed tin mining firm PT Tambang Timah is to refocus its priorities to gold exploration to boost its performance, a company executive said here on Tuesday. Company president Erry Riyana Hardjapamekas said that the company, which for years has relied on tin mining, should seek other mining opportunities to improve its finances.
Wed, 28 Oct 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 27, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 0 137,000 Alumindo Light Metal 250 0 0 Alumindo Perkasa 125 0 0 Aneka Kimia Raya 150 0 0 Aneka Tambang 1,375 -50 1,595,000 Anwar Sierad 100 0 10,000 Apac Centertex Corp.
Wed, 28 Oct 1998, 00:00 WIB
Unocal, Mobil find RI oil
Unocal, Mobil find RI oil EL SEGUNDO, California (Dow Jones): Unocal Corp. and Mobil Corp. encountered oil and gas pay at two wells in their West Seno field offshore Indonesia. In a press release Monday, Unocal said the West Seno No. 1 well encountered 287 vertical feet of oil and gas pay between 7,200 feet and 9,800 feet, while the West Seno No. 5 well encountered 188 vertical feet of oil and gas pay. The two wells are near the West Seno No. 2 well, which found oil and gas last summer.
Wed, 28 Oct 1998, 00:00 WIB
Bimantara 'no longer has stake in Arco gas field'
Bimantara 'no longer has stake in Arco gas field' JAKARTA (JP): The Bimantara group, controlled by Bambang Trihatmodjo, a son of former president Soeharto, no longer holds a share in the Kangean gas block in East Java due to dilution of its stake, a state oil and gas company Pertamina official said on Tuesday.