Indonesian Political, Business & Finance News

Archive: 9 October 1998

64 articles found

Tokyo the exception as Asian markets ascend

Tokyo the exception as Asian markets ascend HONG KONG (AFP): Most Asia-Pacific stock markets rallied Thursday as investors cheered the surging yen, but Tokyo stayed out of the party on concerns the stronger currency could harm Japanese exports. Japan's Nikkei tumbled 5.8 percent, giving up almost all the gains notched up the previous day, paced by falls in export- oriented counters.

PSSI unveils groups for new league season

PSSI unveils groups for new league season JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) announced on Thursday the soccer league championship grouping for the new season set to kick off on Nov. 1. PSSI spokesman Tondo Widodo said the 28 clubs would be split into three geographical conferences. Except for the Eastern conference, the Western and Central conferences will have two subgroups each, "for efficiency reasons".

Estrada faces tough times in Philippines

Estrada faces tough times in Philippines By Ruben Alabastro MANILA (Reuters): Joseph Estrada, the man from tinsel town, has survived the toughest first 100 days in office of any Philippine president, but concerns persist over his ability to lead the country out of its deepening economic gloom.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Music Lessons 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in English) 7:00 Evening News 7:35 Cultural Program: Seni Cianjuran 8:00 News: Lintasan Berita 8:05 Cultural Program: Seni Cianjuran (contd.) 8:30 Talk Show: Dialog 9:00 World...

Estrada promises firm leadership

Estrada promises firm leadership MANILA (Reuters): Philippine President Joseph Estrada, faced with calls from investors for clear policy directions, pledged on Thursday to provide firm leadership to get the country out of its economic crisis. "We can brave the storm," Estrada told foreign diplomats, businesspeople and government officials in a nationally televised speech summing up his first 100 days in office.

ASEAN nation plan local monies trade

ASEAN nation plan local monies trade MANILA (Dow Jones): Six Southeast Asian countries aim to have a framework in place for using each others' currencies for the settlement of trade payments within six months, a business group meeting with trade and investment ministers from the nine-member Association of Southeast Asian Nations, or ASEAN, said Thursday.

Rupiah rate set at 11,216 against dollar

Rupiah rate set at 11,216 against dollar JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) set on Thursday the U.S. dollar exchange rate used to convert domestic corporate debt into rupiah at 11,216 for companies joining the agency in October. INDRA chairman Sumitro said the rate was based on the moving average market rate during 20 working days in September and monthly inflation rate in that month of 3.75 percent.

Emerging market downturn to have rising impact in U.S.

Emerging market downturn to have rising impact in U.S. WASHINGTON (Bloomberg): The financial downturn that has spread from Asia through Russia and into Latin America will have a rising impact on U.S. economic growth as exports slow and confidence sags, U.S. Trade Rep. Charlene Barshefsky said Wednesday. The widening recession in emerging market nations constitutes "the most dangerous financial crisis the world has faced in 50 years," Barshefsky told the annual meeting of the National Assoc.

17 foreigners arrested

17 foreigners arrested JAKARTA (JP): Immigration officers arrested 14 Pakistanis and three Indians on Wednesday on suspicion their entry into the country was made on false pretenses. Zaiman Nurmatias, director of immigration supervision and control, said in a statement the foreigners, all men, were arrested in two houses in the Puri Asri Pratama housing complex in Bekasi. "We arrested them after getting a tip from residents in the area," Zaiman said.

Jakarta's social workers work tirelessly for the handicapped

Jakarta's social workers work tirelessly for the handicapped In observance of National Mental Health Day on Friday and World Mental Health Day on Saturday, The Jakarta Post reporter Ida Indawati Khow talked with several social workers at psychiatric centers in the capital. JAKARTA (JP): "Thank God we do not turn insane although we have interacted with them and been together with them for years," said social worker Sumarno of Panti Sosial Bina Laras Harapan Sentosa 02 in Cipayung, East Jakarta.

Riot claim settlement

Riot claim settlement We refer to the business article titled "Sinar Mas already paid 40% of May riot victims' claims" of Sept. 18.

Megawati's PDI mulling new name to contest election

Megawati's PDI mulling new name to contest election DENPASAR (JP): Megawati Soekarnoputri's faction of the splintered Indonesian Democratic Party (PDI) is considering a new name so it can contest next year's general election because the government only recognizes the rival PDI camp currently under Budi Hardjono. The possibility of a new name dominated discussions among delegates on Thursday, the first day of the three-day congress.

Habibie to meet Estrada in Batam

Habibie to meet Estrada in Batam JAKARTA (JP): President B.J. Habibie has dropped his planned working visit to Malaysia this month and will instead meet with Philippine President Joseph Estrada next week in Batam, Riau. The change in plan has been because the President is currently unable to leave the country, a minister hinted on Thursday.

ASEAN economies could get reprieve if dollar stays down

ASEAN economies could get reprieve if dollar stays down SINGAPORE (Dow Jones): Southeast Asian economies could get a reprieve from global pressure, following the sharp drop of the U.S. dollar on currency markets, economists said. But the question remains whether the dollar is out for the count or will return quickly to fighting trim.

New culture in corporate mergers

New culture in corporate mergers By Greg Doyle JAKARTA (JP): It seems likely that we will soon see a wave of mergers, divestitures and acquisitions in corporate Indonesia. Multinational firms are again looking for good deals, and the talk of the town is increasingly what is going to be sold, to whom and for how much. In this, Indonesia rejoins the rest of the world economy where merger and acquisition activity continues to grow unabated.

Armed robbery in Pondok Cabe

Armed robbery in Pondok Cabe JAKARTA (JP): A group of masked robbers broke into a house in Pamulang in South Jakarta early on Wednesday and made off with an Isuzu Panther van, mobile phone, video recorder, jewelry and cash totaling Rp 200 million. City policeman spokesman Lt. Col. Edward Aritonang said the robbers threatened the occupants of the house, Bunadi Harlan, 49, an employee of a private firm, his wife, their only child and two housemaids, with machetes.

Night patrols fail to stop killing spree in Banyuwangi

Night patrols fail to stop killing spree in Banyuwangi SURABAYA (JP): Despite intensive night patrols by residents and the military repeatedly asserting that it was in control of the situation, four more people have been killed in the mysterious East Java murder spree that has claimed more than 100 lives in the past two months.

Dollar may follow Asian monies' collapse

Dollar may follow Asian monies' collapse By Yoshiko Mori TOKYO (Reuters): While the United States economy has little in common with Indonesia's, some analysts say the dollar could come under the same types of pressures that hit the beleaguered rupiah as "borrowed capital" flows back home in a time of growing uncertainty. Some experts say the dollar's sharp fall on Wednesday shows the long-term vulnerability of the U.S. currency. "There is a chance that the U.S.

Harapan Kita nurses stage rally

Harapan Kita nurses stage rally JAKARTA (JP): At least 200 nurses from West Jakarta's Harapan Kita Child and Maternity Hospital staged a peaceful demonstration on Wednesday to demand a significant increase in their welfare allowance. The protesters' spokeswoman Martha Yessy said their monthly allowance was only between Rp 100,000 and Rp 140,000 a month, compared to between Rp 300,000 and Rp 1 million received by non- medical staff at the hospital.

Merck starts S'pore plant

Merck starts S'pore plant SINGAPORE (DPA): The world's largest pharmaceutical company, Merck, has started work on a US$300 million plant in Singapore, news reports said Thursday. "The Asian financial crisis did not affect Merck's decision to go ahead with the Singapore plant as the company thinks long- term," Paul Bell, Merck's president for human health products for the Asia-Pacific, told the Straits Times newspaper.

Rupiah shoots up to 8,800 against dollar, stocks jump 8.4%

Rupiah shoots up to 8,800 against dollar, stocks jump 8.4% JAKARTA (JP): The local financial market recorded significant advances on Thursday, with the rupiah breaking the 9,000 level to hit an intraday high of 8,800 against the U.S. dollar and share prices jumping 8.4 percent, dealers said.

Suka to discard musical norms at art summit

Suka to discard musical norms at art summit JAKARTA (JP): Either way one sees it, to slide fingers over a Javanese gamelan and play it like a piano, or play a rebab (traditional stringed instrument) passed its slenten (small piece of wood located at the center of the rebab) section, which acts as the instrument's border, it is trespassing. This, however, is no fitting description for Suka Hardjana's music.

Muhammadiyah to protect Amien

Muhammadiyah to protect Amien PONTIANAK, West Kalimantan: As many as 5,000 local supporters of the Muhammadiyah Islamic organization will be mobilized to protect National Mandate Party (PAN) chairman Amien Rais when he visits here on Oct. 12. Antara quoted Zainuddin Isman of the Muhammadiyah provincial chapter as saying that the organization was preparing itself to counter any moves by Amien's opponents to protest the visit.

Kadin slams govt policy toward ailing banks

Kadin slams govt policy toward ailing banks JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has criticized the government's approach to righting the country's rickety banks as "unrealistic". Kadin's chairman Aburizal Bakrie characterized on Thursday the government's recapitalization program on national banks as ineffective in solving the sector's mounting problems.

Soekardjo's lawyer detained

Soekardjo's lawyer detained YOGYAKARTA: Police picked up lawyer Satryawan Guntur Zass here on Thursday after he failed to respond to two previous police summonses. Zass has been representing Soekardjo Wilardjito, a former aide to Sukarno who alleged that four generals intimidated the founding president into relinquishing power to Soeharto. The lawyer rejected the summonses because he reportedly did not want to be a witness in the case against his own client.

Bali: A shop window for Indonesian democracy

Bali: A shop window for Indonesian democracy Many observers have expressed relief over the fact that the Indonesian Democratic Party (PDI) led by Megawati Soekarnoputri has been allowed to hold its congress in Bali. Many people worried at what might have happened had the government stubbornly stuck to its so-called legality principle and denied the party a permit to convene a congress on the island.

Malaysia chalks up surplus

Malaysia chalks up surplus KUALA LUMPUR (AFP): Malaysia posted its 10th trade surplus in a row in August, the government said Thursday, with analysts expecting a further improvement in exports with the frozen ringgit offset by surges in other Southeast Asian currencies. The trade surplus rose to 6.3 billion ringgit (US$1.65 billion) in August from a year earlier, the official Bernama news agency reported, citing the statistics department.

PDFCI filed bankruptcy case against firm

PDFCI filed bankruptcy case against firm JAKARTA (JP): Publicly listed Bank PDFCI filed a bankruptcy petition against PT Sarana Kemas Utama at the commercial court on Thursday. According to court data, PDFCI filed the bankruptcy request on Sept. 30 after the company failed to repay a Rp 21.78 billion (US$2.4 million) loan it secured from the bank in 1993. "Since the company failed to repay the loan, Bank PDFCI has to bring the case to the commercial court," the data said.

'Preauction vital' for optimum optimum auction results

'Preauction vital' for optimum optimum auction results JAKARTA (JP): The government has advised auction petitioners intending to sell assets publicly through auctions to conduct preauction activities to get optimum results, the Ministry of Finance said on Thursday.

Preventing student brawls

Preventing student brawls From Neraca On Oct. 3, in the Jatinegara area of Nusantara cinema and Kebon Pala, a high school student brawl broke out. The brawl was highly ferocious and scared passersby and residents. Fortunately, Police and Armed Forces personnel came quickly to the rescue. Public transport vehicles to Senen became scarce. Traders and shoppers at the flea market at Urip Soemohardjo fled to safer quarters on account of stones as big as a man's fist being thrown.

'RI equestrian team unfit for Asiad'

'RI equestrian team unfit for Asiad' JAKARTA (JP): The Indonesian Equestrian and Horse Racing Association admitted on Thursday that its team did not deserve places in the national contingent for the 13th Asian Games in Bangkok.

Timor car project to go ahead despite Kia's woes

Timor car project to go ahead despite Kia's woes JAKARTA (JP): PT Timor Putra Nasional announced on Thursday that its controversial car project would move ahead despite financial problems facing its Korean partner and the removal of government tax breaks. Timor Putra president Moedjiono said the company's foreign partner, South Korea's Kia Motor Corp., was still committed to helping Timor build a car manufacturing plant in Cikampek, West Java.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Gerak dan Warna, at Sari Pan Pacific Hotel Jl. M.H. Thamrin, Central Jakarta (Phone: 323707), Oct. 9- 23. * Painting Exhibition: Lukisan Dalam Gejolak Reformasi, by Irawan Karseno, Yoes Rizal, etc., in Bebek Bali Resto-Cafe- Gallery, Jl. Gerbang Pemuda, Taman Ria Senayan, 11 a.m. to 1 a.m., Oct. 10-25. * Painting Sketches Exhibition: Ragamu Ragaku by Lita Darmawan, Maud van der Lely, Seemun Leong, at Galeri Teguh, Jl.

Street brawls: When to end?

Street brawls: When to end? From Media Indonesia I joined a course at Santa Lusia on Jl. Dewi Sartika in East Jakarta two weeks ago. When I arrived at Santa Lusia at 6:30 one evening, I saw a group of youngsters wearing junior high school uniforms loitering not far from the Santa Lusia building. Fifteen minutes later, watching safely from the third floor window, I saw a number of metromini buses speed past with smashed windows, hotly pursued by the screaming school children.

Officers to be posted at street junctions

Officers to be posted at street junctions JAKARTA (JP): City police pledged on Thursday to intensify security by posting more plainclothes police officers at busy street junctions and residential complexes in a bid to stem the rising tide of crime in the capital. "We will not hesitate to take stern action against criminals to protect the public. Criminals are getting fiercer, so if necessary we'll shoot them to death," the city's chief detective, Col. Gories Mere said here on Thursday.

House establishes committee to deliberate antimonopoly bill

House establishes committee to deliberate antimonopoly bill JAKARTA (JP): The House of Representatives (DPR) has set up a special committee to speed up deliberations of a House-initiated antimonopoly bill. House Deputy Speaker Ismail Hasan Metareum said on Thursday the special committee represented all four of the House's factions and consisted of 45 permanent members, backed up by 20 designated substitutes.

Bintan welcomes Indonesians

Bintan welcomes Indonesians I am replying to Mrs. Dorcas M. Polnaya's letter entitled "Can't Indonesians enjoy own country?" which appeared in your Sept. 29 edition. We thank Mrs. Polnaya for her interest in wanting to visit our fine resorts and assure her that next time around it will be more pleasant when the following improvements have been made.

'TECHNOGERMA' fully booked

'TECHNOGERMA' fully booked JAKARTA (JP): Germany is promising to proceed with its plan to hold a major technology exhibition, called TECHNOGERMA, here in March next year despite the current economic crisis. German Ambassador to Indonesia Heinrich Seemann said at a luncheon with the press yesterday that the expo would take place from March 1 through March 7, 1999 at the Jakarta Convention Center. He said the event was fully booked and would be attended by 180 German firms.

Mar'ie, experts welcome capital control plan

Mar'ie, experts welcome capital control plan JAKARTA (JP): Former finance minister Mar'ie Muhammad has welcomed the government's plan to introduce as yet unspecified forms of capital controls to help stabilize the beleaguered rupiah. "The current foreign exchange regime is too free and needs some regulation," Mar'ie told reporters on the sidelines of a seminar.

Lawyers ask KL court for Anwar's release

Lawyers ask KL court for Anwar's release KUALA LUMPUR (Agencies): Lawyers for sacked finance minister Anwar Ibrahim on Thursday asked a Malaysian court to free him from detention, saying he was being held illegally and without legal aid. "We ask for his release on the grounds that he is being held illegally," one of Anwar's eight lawyers, who declined to be identified, said after filing a writ of habeas corpus in the Kuala Lumpur High Court for his release.

New BPK chairman pledges to fight bureaucratic graft

New BPK chairman pledges to fight bureaucratic graft JAKARTA (JP): Newly appointed Supreme Audit Agency (BPK) chairman Satrio B. Joedono promised on Thursday to maintain his integrity in the fight against corruption, collusion and nepotism in the bureaucracy. "(I will not let myself) be bribed, coerced or persuaded to do wrong things.

Gunungkidul gourmands gorge themselves on grasshopppers

Gunungkidul gourmands gorge themselves on grasshopppers By Gin Kurniawan GUNUNGKIDUL, Yogyakarta (JP): With the price of most types of meat now beyond the spending power of many consumers, residents of Gunungkidul regency are turning their taste buds to a more common and cheaper form of sustenance. It is no less than the humble grasshopper. The insects cram food stalls at Wonosari market and the bus station.

New E. Timor violations unveiled

New E. Timor violations unveiled JAKARTA (JP): A researcher said on Thursday that more than 1,000 East Timorese women had been raped or sexually assaulted since the process of integrating the region into Indonesia began 22 years ago. Aida Milasari from the Yogyakarta-based Tjoet Nyak Dhien Foundation also alleged that Armed Forces (ABRI) personnel were responsible for the violations.

Food-for-work program to start later this month

Food-for-work program to start later this month JAKARTA (JP): A food-for-work program worth US$429,400 will start later this month in two areas of Jakarta worst hit by the crisis, an official from an international humanitarian organization said on Thursday. Communications Manager of World Vision International-Indonesia (WVII) Hendro Suwito told The Jakarta Post the project was meant to assist poor people in urban areas hit hardest by the impact of the monetary turmoil.

ASEAN calls for greater economic integration

ASEAN calls for greater economic integration MANILA (Reuters): The Association of Southeast Asian Nations (ASEAN) ended four days of talks on Thursday with a renewed commitment to economic cooperation despite persistent economic and political tensions. Fifteen long months of crisis have done nothing to quell the organization's thirst for greater integration. In fact, the group stressed that the difficult economic backdrop was a reason for even faster and greater integration than before.

City sets up team to provide training for street children

City sets up team to provide training for street children JAKARTA (JP): The city authority has set up a team to help reduce the number of street children in the capital, which one estimate now places at around 9,000, an official said on Thursday. Deputy Governor for Social Welfare Djailani told reporters that the team members were currently preparing a rehabilitation scheme which would focus on providing the street children with skills which would be of use to them in the future.

Baramuli enters debate over necessity of DPA

Baramuli enters debate over necessity of DPA JAKARTA (JP): In response to suggestions that the Supreme Advisory Board (DPA) should be dissolved, chairman A.A. Baramuli said he would not mind if the people's representatives decided the body was no longer needed. The board had been very important as an advisor to the president, he said on Thursday.

RI may cancel purchase of Sukhoi from Russia

RI may cancel purchase of Sukhoi from Russia JAKARTA (JP): Indonesia will probably cancel the purchase of 12 Sukhhoi bombers and eight helicopters from Russia because of the prolonged economic crisis, according to Air Force Chief of Staff Vice Marshal Hanafie Asnan.

Pertamina claims $60m saved annually in efficiency program

Pertamina claims $60m saved annually in efficiency program JAKARTA (JP): State oil and gas company Pertamina has estimated that it could save more than US$60 million in costs every year through its efficiency programs.

Business Partner Cities to hold 12th meeting

Business Partner Cities to hold 12th meeting JAKARTA (JP): Representatives of 11 cities grouped in the Business Partner Cities (BPC) organization will hold their 12th annual round table, seminars and trade fair here on Oct. 21 and Oct. 22. The Jakarta Chapter of the Indonesian Chamber of Commerce and Industry (Kadin Jaya) will host the meeting.

Wiranto warns of rising threat

Wiranto warns of rising threat JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto told the 1,600-strong Presidential Security Guard (Paspampres) on Wednesday to step up security around the President and visiting foreign leaders. Wiranto, who is also minister of defense and security, said the country was facing a rising threat "due to dynamics" in the country. He did not elaborate.

ABRI should give up political role: Indria

ABRI should give up political role: Indria JAKARTA (JP): Military observer Indria Samego argued against the Armed Forces' (ABRI) role in politics on Thursday, saying its involvement would not help democratization. "ABRI's main task is to defend the country and the state ideology and not to deal with public and political affairs. If an active serviceman wants to play a role in politics, he must take his uniform off and compete with other civilians," he told The Jakarta Post.

New E. Jakarta mayor installed

New E. Jakarta mayor installed JAKARTA (JP): Andi Mappaganty has been installed as the new mayor of East Jakarta, replacing Sudarsono, who returns to his former post in the Armed Forces Headquarters. Mappaganty was ordered by Governor Sutiyoso to devote his attention to providing those in his ward with enough food to see them through the economic crisis.

Habibie to open PWI congress

Habibie to open PWI congress SEMARANG: President B.J. Habibie is scheduled to open the 20th congress of the Association of Indonesian Journalists here on Saturday. Soegyarto, an organizer of the congress, said on Thursday that Habibie would be accompanied in the two-day event by Minister of Information Muhammad Yunus and Minister/State Secretary Akbar Tanjung. At least 380 association leaders are slated to attend to elect new officers and seek ways to improve the organization's image.

200 laid-off workers plead their case

200 laid-off workers plead their case JAKARTA (JP): More than 200 laid-off workers of Surakarta- based garment company PT Tyfountex Indonesia have traveled from the Central Java town to the capital to protest the company's refusal to rehire them. They went to the National Commission on Human Rights on Thursday to plead their case. Workers' spokeswoman Jumini said the Indonesian-Hong Kong joint venture was refusing to back down on its decision.

Megawati vows clean government

Megawati vows clean government By Imanuddin & M.M.I. Ahyani DENPASAR (JP): Megawati Soekarnoputri opened on Thursday the congress of her faction of the splintered Indonesian Democratic Party (PDI), vowing a clean government if she won the general election.

It's time for Chinese-Indonesians to wake up

It's time for Chinese-Indonesians to wake up By Rahayu Ratnaningsih This is the second of two articles suggesting steps which could be taken by Chinese-Indonesians in the aftermath of the May riots. JAKARTA (JP): It escapes many people why President B.J. Habibie's administration persists in making statements that antagonize Chinese-Indonesians and belittle their decades of contribution to national economic development and abominable victimization in the May riots.

One killed, two injured in collision

One killed, two injured in collision JAKARTA (JP): A speeding minibus crashed into a passing train at a level crossing on Jl. Pramuka, Central Jakarta on Wednesday, killing one of the bus passengers and severely injuring another and the bus driver. The dead victim was identified as Sri Suhartini, 23, a worker at a garment company in Pulogadung, while the injured passenger was named as Aswan, an employee of a private company. Sri Suhartini's body was dismembered.

Art Summit schedule

Art Summit schedule Oct. 9-10: Music, Wulan Bamban, Suka Hardjana (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892). Oct. 11-12: Theater, Ngeh (Understand), Teater Mandiri (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087). Oct. 13-14: Dance, Diez-Diez Danza SL (Spain), GKJ. Oct. 16-17: Music, Tsuchitori Toshiyuki (Japan), TIM. Oct. 18-19: Music, Kaija Saariaho (Finland), GKJ. All performances start at 8 p.m.

Mixed reactions greet protest bill debate

Mixed reactions greet protest bill debate JAKARTA (JP): Legal experts Todung Mulya Lubis and Abdul Hakim Garuda Nasution commended the House of Representatives on Thursday because it had managed to persuade the government to allow street protests without requiring police permits. The development took place on Wednesday during the third reading of the bill on freedom of expression. All four House factions pressured the government -- represented by Minister of Defense and Security Gen.

RI forests vanishing rapidly

RI forests vanishing rapidly BOGOR, West Java: A conservancy expert said here on Thursday that the country's 90 million to 120 million hectares of primary forests were vanishing at a rate of 1 million hectares a year. "Unless steps are taken to save them, we will no longer have any primary forests within the next 100 years. We'd only have man-planted forests," said Jatna Supriatna, the director of Conservancy International's Indonesia program.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 8, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 8, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 25 2,194,500 Alumindo Light Metal 250 0 17,500 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 150 50 28,500 Aneka Tambang 1,175 50 13,333,500 Anwar Sierad 100 0 0 Apac Centertex Corp.

APEC ministers urged to pursue liberalization

APEC ministers urged to pursue liberalization OKINAWA (Dow Jones): Energy ministers from Asia Pacific Economic Cooperation countries should implement timely economic reform as a means to encourage private sector participation in energy infrastructure and to assist the economic recovery, an energy business forum said in a statement Thursday. Energy ministers from the 18 APEC economies and three observer countries assembled Thursday for a two-day ministerial meeting Oct.