Archive: 9 December 1998
63 articles found
Wed, 09 Dec 1998, 00:00 WIB
US-AEP aids Indonesia
US-AEP aids Indonesia JAKARTA (JP): The United States-Asia Environmental Partnership (US-AEP), an interagency program led by the United States Agency for International Development (USAID), is to contribute US$750,000 to the country's social safety-net programs as part of its efforts to help Indonesia recover from its worst-ever crisis. U.S.
Wed, 09 Dec 1998, 00:00 WIB
Newmont extends gold mine production to 25 years
Newmont extends gold mine production to 25 years JAKARTA (JP): Gold mining firm PT Newmont Nusa Tenggara, a subsidiary of the giant Newmont Gold Company from the United States, has extended the planned production period of its gold mine on Sumbawa island, West Nusa Tenggara, by five years to 25 years, a company executive said on Tuesday. "We have a long-term investment commitment to Indonesia.
Wed, 09 Dec 1998, 00:00 WIB
UN public exhibition planned for Thursday
UN public exhibition planned for Thursday JAKARTA (JP): The United Nations here will mark on Thursday the 50th anniversary of the Universal Declaration of Human Rights with a public exhibition, it was announced Tuesday. Resident Coordinator Ravi Rajan will commence the event at the United Nations Information Center (UNIC) office in the Gedung Dewan Pers building on Jl. Kebun Sirih, Central Jakarta. The exhibition will begin at 10:30 a.m.
Wed, 09 Dec 1998, 00:00 WIB
Students stage demos again, other mass protests planned
Students stage demos again, other mass protests planned JAKARTA (JP): Around 1,500 students from different groups staged rallies at several spots in the capital on Tuesday to press their demands for the trial of Soeharto, an investigation into the Nov.13 incident at Semanggi and an end to the Armed Forces (ABRI) dual function.
Wed, 09 Dec 1998, 00:00 WIB
ASEAN officials meet ahead of summit
ASEAN officials meet ahead of summit HANOI (AFP): Members of the Association of Southeast Asian Nations (ASEAN) worked to put final touches on documents in advance of a summit here, the ASEAN secretary general said on Tuesday. Officials ended the first of two days of meetings to put the finishing touches on the Hanoi Declaration and Plan of Action, to be issued at the conclusion of the ASEAN Summit looking at ways out of the financial crisis.
Wed, 09 Dec 1998, 00:00 WIB
Habibie says private banks should be reduced to 50
Habibie says private banks should be reduced to 50 JAKARTA (JP): President B.J. Habibie said on Tuesday he would like to see the number of local private banks cut by about a third to 50 through mergers and acquisitions. "I have suggested to Perbanas (the Association of Private National Banks) that the bank restructuring process lead to cutting the number of the some 150 banks to 50 banks," Habibie told the national conference of the Indonesian Chamber of Commerce and Industry (Kadin).
Wed, 09 Dec 1998, 00:00 WIB
Man queried over slashing
Man queried over slashing JAKARTA (JP): The city police would thoroughly question businessman Johny for allegedly slashing Prayitno -- both are residents of Jl. Duri Utara II in West Jakarta -- with a sword in a quarrel which then led to a bigger clash. City police spokesman Lt. Col. Edward Aritonang said on Tuesday that the incident which occurred on late Monday was sparked by a trivial misunderstanding between Johny and other residents.
Wed, 09 Dec 1998, 00:00 WIB
Sizing up an appropriate electoral system
Sizing up an appropriate electoral system By Olle Tornquist JAKARTA (JP): In an important article in The Jakarta Post on Dec. 5, Mulyana W. Kusumah, secretary-general of the Indonesian Independent Committee for General Election Monitoring (KIPP)), pointed to what might be the positive effects for democratization of an electoral system based on a simple majority in one-person constituencies; the so-called district system.
Wed, 09 Dec 1998, 00:00 WIB
Philippines helps murder suspect
Philippines helps murder suspect MANILA (DPA): President Joseph Estrada's administration is expending all possible assistance, including legal services, to three overseas Filipino workers implicated in the killing of a compatriot in Kuwait, a spokesman said on Tuesday. Presidential spokesman Jerry Barican said the victim was identified as Rocaya Bangon while her suspected killer was identified as Danilo Espino, currently in detention.
Wed, 09 Dec 1998, 00:00 WIB
Wiranto runs new security council
Wiranto runs new security council JAKARTA (JP): President B.J. Habibie established early last month the Council for Enforcement of Security and Law aimed at accelerating the government's reform programs, Minister/State Secretary Akbar Tandjung disclosed on Tuesday. The nonstructural body is chaired by the President himself, but for daily operations he has appointed Minister of Defense/Armed Forces Commander Gen. Wiranto the chairman of a smaller executive committee, Akbar said.
Wed, 09 Dec 1998, 00:00 WIB
ASEAN's nonintervention policy put to the test
ASEAN's nonintervention policy put to the test By Beth Duff-Brown KUALA LUMPUR (AP): The longstanding pledge by Southeast Asian nations to avoid interfering in each other's business was put to the test recently when U.S. Vice President Al Gore came to town and stepped into Malaysia's internal affairs.
Wed, 09 Dec 1998, 00:00 WIB
Lighthouses out of order
Lighthouses out of order PULAU SONIT, Southeast Sulawesi: Three lighthouses around the Banggai Islands in the West Banda Sea have been out of order since the Nov. 29 earthquake, making night sailing in the area hazardous, Antara reported on Tuesday. The lighthouses are in Bokan, Kau Kanau and Mbuang-Mbuang islets, Yus Lutam, the Banggai harbormaster, said, adding that the area was surrounded by tiny islets and coral reef barriers.
Wed, 09 Dec 1998, 00:00 WIB
Water supplies stepped up
Water supplies stepped up BANGKOK (AFP): Bangkok Asian Games organizers are having to step up water supplies for thirsty athletes in hot and humid Thai capital. They are now providing around 240,000 bottles of water a day for the 8,000 athletes and officials. "We were also providing ice, but the trouble is it started turning into water so that maybe discontinued," said Games spokeswoman Valerie McKenzie.
Wed, 09 Dec 1998, 00:00 WIB
English language teaching must be reformed
English language teaching must be reformed By A. Chaedar Alwasilah This is the second of two articles on the need to reform the teaching of English as a foreign language in Indonesia. BANDUNG (JP): The fact that English has established itself as the most important language in the world is a given, and its expansion here in Indonesia should be viewed as natural and beneficial.
Wed, 09 Dec 1998, 00:00 WIB
Controversial decision costs Indonesia a gold
Controversial decision costs Indonesia a gold By Primastuti Handayani BANGKOK (JP): Bizarre refereeing marred the tae kwon do competition at the 13th Asian Games on Tuesday when Indonesia's woman flyweight Juana Wangsa Putri was deprived of her chance to win a gold medal. Juana, making her Asiad debut, beat Thailand's Usa Sinlapajarn 4-3 in the semifinals at the Thammasat University sports complex.
Wed, 09 Dec 1998, 00:00 WIB
No consensus on Cambodia's entry into ASEAN
No consensus on Cambodia's entry into ASEAN HANOI (Agencies): Members of the Association of Southeast Asian Nations (ASEAN) still have not reached a consensus on Cambodia's admission to the regional grouping, the ASEAN secretary general said on Tuesday. "There is no consensus so the foreign ministers will have to continue dealing with it," Rudolfo Severino told AFP in an interview.
Wed, 09 Dec 1998, 00:00 WIB
Taxi thanks
Taxi thanks We would like to thank Mr. Maurice Cook, general manager of Radisson Hotel, for his letter, "Happy adventure in a taxi" (The Jakarta Post, Dec. 3). Bambang is indeed one of the resourceful and dynamic drivers of Blue Bird who we are proud of. He fulfills Blue Bird's mission -- providing reliable transportation services.
Wed, 09 Dec 1998, 00:00 WIB
Independent election committee promised
Independent election committee promised JAKARTA (JP): The House of Representatives' Working Committee has agreed the National Election Committee would be independent and free in running the general election scheduled for June 7, 1999. The government and President B.J.
Wed, 09 Dec 1998, 00:00 WIB
Logging threatens Kutai reserve
Logging threatens Kutai reserve SAMARINDA, E. Kalimantan: Logging by squatters in the Kutai National Park near Bontang is threatening the forest which has already been severely damaged by fires this year, an environmental official said. Awang Farouq Ishak, the head of the East Kalimantan Environmental Impact Management Agency, told Antara that some 17,623 people are living "illegally" in the park. He suggested that these squatters be relocated to prevent further damage to the national park.
Wed, 09 Dec 1998, 00:00 WIB
Cycling coach is first casualty
Cycling coach is first casualty BANGKOK (Reuters): Indonesian coach Budi Arianto has become the first casualty of the Asian Games mountain bicycle competition after crashing through a glass door, officials said on Tuesday. They said Budi was rushed to hospital and needed 15 stitches after going through the glass door of the organizing committee office in Pak Cong district north of Bangkok where the mountain bike races are being held.
Wed, 09 Dec 1998, 00:00 WIB
Students asked to change clothes to avoid brawls
Students asked to change clothes to avoid brawls JAKARTA (JP): Two city councilors are recommending that schools have students switch from their uniforms to regular clothes after classes in an effort to curb the escalating number of student street brawls. Secretary of Commission E for social welfare affairs Agus Waluyo and member Sulaiman S.B. Ismaya said that all students involved in the fights were attired in their uniforms.
Wed, 09 Dec 1998, 00:00 WIB
Looking for Habibie factor
Looking for Habibie factor According to Buckminster Fuller, the famous American philosopher and scientist, synergy "means behavior of integral, aggregate, whole systems unpredicted by behaviors of any of their components or subassemblies of their components taken separately from the whole". The universe is omnisynergetic. It is an open system and operates on the basis of antientropy. Nothing is lost in the universe.
Wed, 09 Dec 1998, 00:00 WIB
Culture of opposition needed
Culture of opposition needed A widespread sense of uncertainty deepens while the nation grapples with its worst ever political and economic crisis. The Jakarta Post correspondent Gedsiri Suhartono talks to Goenawan Mohamad, the editor of Tempo magazine about the issue. Question: What is happening to our country given that unrest, fear and uncertainty is so prevalent?
Wed, 09 Dec 1998, 00:00 WIB
No more questions on May gang rapes
No more questions on May gang rapes From Sinar Pagi After a long and arduous investigation fraught with the pros and cons over whether gang rapes were committed in the mid-May riot, finally on Nov. 3, 1998, the independent joint fact-finding team made an official statement that this barbarian act did occur. Long before this statement was made, a group of people had trickily attempted to blur the effort to probe the gang rapes.
Wed, 09 Dec 1998, 00:00 WIB
Costs of bank restructuring
Costs of bank restructuring Our major worries are increasingly being validated that Bank Indonesia (the central bank) has not really been well appraised of the real condition of the banking industry. The fact that the schedule for the bank restructuring program has been extended several times, due to continued haggling over key components of the plan, shows that the central bank seems to be encountering painful surprises day after day.
Wed, 09 Dec 1998, 00:00 WIB
BI guarantee fertilizer imports
BI guarantee fertilizer imports JAKARTA (JP): Bank Indonesia, the central bank, will guarantee letters of credits issued by local banks to import fertilizers, Minister of Industry and Trade Rahardi Ramelan said on Tuesday. Rahardi, who is also the chairman of the State Logistics Agency (Bulog), said the central bank would provide a guarantee of about US$1 billion.
Wed, 09 Dec 1998, 00:00 WIB
Govt announces fasting month to start Dec. 20
Govt announces fasting month to start Dec. 20 JAKARTA (JP): The government has announced that the Moslem fasting month Ramadhan this year begins on Sunday, Dec. 20. A meeting of officials of the Ministry of Religious Affairs with representatives of major Islamic organizations such as Nahdlatul Ulama (NU), Muhammadiyah, Persis, Tarbiyah Islamiyah, Persatuan Umat Islam and Al Mansuriyah agreed that Sya'ban -- the Islamic month preceding the Ramadhan -- will be 30 days and end on Dec. 19.
Wed, 09 Dec 1998, 00:00 WIB
Amusement centers reopened
Amusement centers reopened JAKARTA (JP): All the 266 entertainment centers closed down late last month for allegedly being used as gambling and prostitution dens started operating again on Tuesday with certain conditions attached, Governor Sutiyoso said. "The owners, who are allowed to operate their centers again, have been asked to sign agreements stating that they will not alter their centers into gambling or prostitution dens again.
Wed, 09 Dec 1998, 00:00 WIB
Schools told to resume classes
Schools told to resume classes AMBON, Maluku: The provincial administration has ordered principals of schools in East and West Taliabu districts to resume classes even though their buildings were destroyed in last month's earthquake that shook the area. Soulissa, the head of the Education and Culture Office, said classes should resume, in whatever form, pending the arrival of further assistance, Antara reported.
Wed, 09 Dec 1998, 00:00 WIB
Politician who befriended defeat
Politician who befriended defeat In one political discussion at Bentara Budaya, Jakarta, Soebadio Sastrosatomo, a figure of the Indonesian Socialist Party who passed away yesterday (Dec. 7), was jokingly dubbed by Dr. Roeslan Abdulgani a "perennially losing" politician. Now we have to decide whether the late Soebadio was indeed a perennial loser or one who opted to lose his battle -- one who preferred defeat to victory by compromising the principles of his political struggle and his conscience.
Wed, 09 Dec 1998, 00:00 WIB
Over 1,250 migrants to move from Kupang to S. Sulawesi
Over 1,250 migrants to move from Kupang to S. Sulawesi JAKARTA (JP): More than 1,250 migrants from South Sulawesi are scheduled to leave Kupang, the East Nusa Tenggara capital where unrest took place on Nov. 30, on board KM Awu on Wednesday, Antara reported. The group will follow in the steps of some 700 others from Kupang who returned to their home area in South Sulawesi following the burning of some mosques and other facilities there.
Wed, 09 Dec 1998, 00:00 WIB
China's Yang sets world record in weightlifting
China's Yang sets world record in weightlifting BANGKOK (JP): Yang Xia of China twice set a new world record in the women's 53 kilograms weightlifting division in the 13th Asian Games at the Muang Thong Thani sports complex. Yang set a record of 120.0 kilograms in the clean and jerk, breaking the old record of 117.5kgs made by Wang Fuxen of China. At her first attempt, Yang lifted 118.0kgs and at the second she managed 120.0kgs.
Wed, 09 Dec 1998, 00:00 WIB
Education needs more funds, says Unicef official
Education needs more funds, says Unicef official JAKARTA (JP): The allocation for education in the state budget should at least be doubled as a requisite for improving the economy with priority given to the primary and junior high levels, the country representative of Unicef said Tuesday. Stephen J. Woodhouse said education, particularly that of children, was one of the sectors worst hit by the crisis. Indonesia, he noted, only had 10 percent of its budget allocated for education.
Wed, 09 Dec 1998, 00:00 WIB
First national forum on AIDS
First national forum on AIDS SINGAPORE (DPA): A Singaporean man this week plans to become the first person with AIDS to identify himself publicly in the city, a member of the group Action for AIDS (AFA) said on Tuesday. The man is set to come forward on Saturday at the country's first national forum on its growing AIDS problem, AFA secretary Brenton Wong said.
Wed, 09 Dec 1998, 00:00 WIB
Govt auction off donated gold and closed banks' cars
Govt auction off donated gold and closed banks' cars JAKARTA (JP): Separate auctions of 96.75 kilograms of gold and 55 cars on Tuesday proved that the prolonged monetary crisis means nothing at all to certain people. All lots were sold within hours of the start of bidding in the first day of the two-day auction. The gold went for Rp 5.51 billion (US$7.35 million), while the cars raised a total of Rp 3.9 billion. The successful bidder in the gold auction was named as gold trader Ho Budi.
Wed, 09 Dec 1998, 00:00 WIB
TV today
TV today TVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 6:30 News: Nuansa Reformasi 7:00 Children's Program: Lagu Anak Nusantara 7:30 Cartoon 8:00 Music 8:30 Documantary Film 9:00 Music 10:00 Interval 2:00 p.m.
Wed, 09 Dec 1998, 00:00 WIB
Chuan's son longing for Games
Chuan's son longing for Games BANGKOK (Reuters): Asian Games fever struck at the height of Thai politics on Tuesday as 11-year-old Surabot Leekpai invaded the prime minister's office and demanded to be taken to see some of the events as a birthday present. Surabot, son of Prime Minister Chuan Leekpai, who is busy trying to dig Thailand out of economic recession, said his father had not so far found the time to take him to watch the 36-sport Games which began on Sunday and end on Dec. 20.
Wed, 09 Dec 1998, 00:00 WIB
Students activists set aside differences
Students activists set aside differences JAKARTA (JP): Student activists laid their differences on the table on Tuesday, discussed them and agreed that any spats among them should not affect their proreform struggle. Representatives of three major student groups here said that concerns about students being compartmentalized and thus rendering them easy to manipulate should not be exaggerated. Their most important creed was nonviolence, they said. M.
Wed, 09 Dec 1998, 00:00 WIB
Asia told to continue with reforms for total recovery
Asia told to continue with reforms for total recovery SINGAPORE (AP): A senior U.S. diplomat warned Tuesday that recent optimism buoying markets in Asia was essentially unfounded, and urged nations in the region to continue economic and political reforms needed to spur a full-fledged recovery in growth rates. "I see no fundamental change in Asia over the past 90 days to justify a sustained rally in the financial markets, much less to sustain economic growth in the years ahead," U.S.
Wed, 09 Dec 1998, 00:00 WIB
Poor swept off Hanoi's streets
Poor swept off Hanoi's streets HANOI (DPA): Vietnamese police have rounded up some 1,000 beggars, prostitutes and mentally ill people in Hanoi and sent them to camps outside the capital while senior officials started meetings on Tuesday ahead of a regional summit. Rural laborers seeking work in the city have also been banned by officials trying to put the best sheen on Hanoi, which hosts the Association of Southeast Asian Nations leaders' summit to be held on Dec. 15 through Dec. 16.
Wed, 09 Dec 1998, 00:00 WIB
Japan sinks China's swimming machine
Japan sinks China's swimming machine BANGKOK (Agencies): China's feared swimming machine was humiliated on Tuesday when Japan swept all before it here on Tuesday. Only Taiwanese Tsai Shu-Min's victory in the 200m freestyle prevented a Japan clean sweep of the five gold medals on offer. Tsai made Taiwan the first nation other than Japan or China to claim a gold in two days of competition.
Wed, 09 Dec 1998, 00:00 WIB
Japan inflicts severe blow to mighty Chinese swimmers
Japan inflicts severe blow to mighty Chinese swimmers BANGKOK (Agencies): Japan humiliated China's controversial swimmers at the Asian Games on Tuesday as the sporting superpower struggled to get the gold medals it has become used to. Takahiro Mori, Masami Tanaka, Takashi Yamamoto and the men's freestyle relay team ushered in a defiant new mood as China failed to win any of the five swimming finals.
Wed, 09 Dec 1998, 00:00 WIB
Obuchi to pledge continued support at ASEAN meeting
Obuchi to pledge continued support at ASEAN meeting TOKYO (AFP): Japan's Premier Keizo Obuchi will pledge his support for Asia and promise to revive his nation's economy at a summit of the Association of Southeast Asian Nations next week, a report said Tuesday. When he meets with ASEAN leaders in Hanoi, Obuchi will vow to "promote dialogue and cooperation toward the 21st century," the Nihon Keizai Shimbun said.
Wed, 09 Dec 1998, 00:00 WIB
Pertamina urges brief closure of high-cost wells
Pertamina urges brief closure of high-cost wells JAKARTA (JP): State oil and gas company Pertamina will request that its contractors temporarily close high-cost oil wells in an efficiency drive to compensate for the slump in oil prices. "No oil fields will be closed but contractors will be asked to temporarily close some high-cost wells in their fields as part of efficiency programs," Pertamina's head of supervision of foreign oil and gas contractors Gatot K.
Wed, 09 Dec 1998, 00:00 WIB
Southeast Asia currencies mostly fall
Southeast Asia currencies mostly fall SINGAPORE (Dow Jones): Southeast Asia's foreign exchange markets remained slumped in end-of-year lethargy throughout Asian trading on Tuesday. Of the Southeast Asian currencies, only the Philippine peso showed signs of animation, as an influx of foreign funds lifted the local currency, once again forcing the U.S. dollar below the psychologically important 39.00 level peso. Activity in North Asian markets was brisker.
Wed, 09 Dec 1998, 00:00 WIB
No excuse for being unkind
No excuse for being unkind Although I agree with Ms. Carolyn Emmett's comment regarding some expatriates who are overworked, overstressed and overtired (The Jakarta Post, Dec. 7: Expat wives), I strongly disagree with her view of the foreigner mentioned in my letter (Show some decency on Dec. 2) as being "a frustrated boor". Frustration is no excuse for being unkind. A large number of Indonesians do not have the privilege of "expat work-related frustration".
Wed, 09 Dec 1998, 00:00 WIB
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Dec. 8, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,325.00 7,575.00 7,325.00 7,625.00 Austrian schilling 1 585.30 655.30 - - Australian dollar 1 4,445.80 4,715.80 4,445.00 4,795.00 Belgian franc 1 197.80 222.80 - - Brunei dollar 1 - - 4,310.00 4,635.00 Canadian dollar 1 4,649.20 4,929.20 4,600.00 5,100.00 Swiss franc 1 5,227.70 5,507.70 5,045.00 5,545.00 Deutschemark 1 4,250.75 4,510.75 4,160.00 4,550.
Wed, 09 Dec 1998, 00:00 WIB
Tugu Pratama 'keeps grip' on oil sector
Tugu Pratama 'keeps grip' on oil sector JAKARTA (JP): Most local insurance companies are still unable to break the stranglehold of PT Tugu Pratama in coverage for the oil sector despite state-owned oil company Pertamina's recent commitment to equal opportunities, a leading executive said on Tuesday. President of state-owned PT Asuransi Jasa Indonesia (Jasindo) Amir Imam Poero said Tugu Pratama continued to dominate insurance coverage in oil and related industries.
Wed, 09 Dec 1998, 00:00 WIB
Navy, Air Force in war drill
Navy, Air Force in war drill SURABAYA: The Navy and the Air Force launched a joint war exercise to defend the nation's territorial waters at the Navy's Eastern Fleet Command in Surabaya on Tuesday, Antara reported. The command's chief, Rear Admiral Edi Suyadi, said the drill was intended to enhance the forces' operational capability and alertness in protecting Indonesia's territorial jurisdiction, including the 200 nautical mile-economic exclusive zone.
Wed, 09 Dec 1998, 00:00 WIB
Infrastructure projects canceled over corruption
Infrastructure projects canceled over corruption JAKARTA (JP): The government has canceled 39 infrastructure projects under the Ministry of Communications which were tainted by corruption, collusion and nepotism. Minister of Communications Giri Suseno Hadihardjono said on Tuesday that the projects, which were to be jointly developed by private companies and state companies under his ministry, would have resulted in substantial losses to the government had they been allowed to go ahead.
Wed, 09 Dec 1998, 00:00 WIB
Land ownership limits prevent bank recovery
Land ownership limits prevent bank recovery JAKARTA (JP): Offshore capital is giving crisis-hit Indonesia a wide berth partly due to uncertainties over foreign ownership of property in the country, according to a property consultancy firm. PT Procon Indah said in its latest report that Indonesia's outstanding property loans stood at approximately Rp 69 trillion (US$7.6 billion).
Wed, 09 Dec 1998, 00:00 WIB
Photos testify to societal ill of violence against women
Photos testify to societal ill of violence against women By Lilia Syarif Naga JAKARTA (JP): The reform movement has heightened consciousness of people nationwide and from all walks of life about their dignity, being and identity. The dawning of a freer atmosphere in the country has encouraged people to express long-standing suppressed feelings and suffering. Women have naturally been part of the movement.
Wed, 09 Dec 1998, 00:00 WIB
Indonesian horses to Iran's rescue
Indonesian horses to Iran's rescue BANGKOK (AFP): Iran has been allowed to stay in the Asian Games equestrian competition -- using Indonesian horses. Iran's own horses were banned after they arrived last month with incorrect veterinary papers. Iran will now lease horses from Indonesia which were used at a recent World Cup meeting in Thailand.
Wed, 09 Dec 1998, 00:00 WIB
Rupiah strengthens to 7,400 but stock exchange loses steam
Rupiah strengthens to 7,400 but stock exchange loses steam JAKARTA (JP): The rupiah closed firmer at 7,400 against the U.S. dollar in very light trading on Tuesday, but stock prices fell 0.1 percent on profit taking, currency dealers and stock brokers said. Currency dealers attributed the firm rupiah to bullishness in the region's currency markets and to a foreign investment house in the Singapore market which sold a large amount of dollars for the rupiah.
Wed, 09 Dec 1998, 00:00 WIB
Southeast Asia not out of crisis yet
Southeast Asia not out of crisis yet By Andreas Baenziger SINGAPORE (DPA): Has the economic crisis in Southeast Asia already reached its low point? Is an upturn likely in the foreseeable future? Is the catastrophe which brought down the region's "Tiger economies" in mid-leap almost over? It depends on which expert is talking. And whichever one it is, it is wise to remember that not one of them -- not a single one! -- saw the crisis coming.
Wed, 09 Dec 1998, 00:00 WIB
Tunky grilled over Timor car
Tunky grilled over Timor car JAKARTA (JP): Key associates of former president Soeharto were questioned at the Attorney General's Office on Tuesday, a day before Soeharto himself was due to answer accusations of corruption. Former minister of trade and industry Tunky Ariwibowo was questioned for more than five hours over the Timor national car project.
Wed, 09 Dec 1998, 00:00 WIB
Two students arrested for allegedly abducting officer
Two students arrested for allegedly abducting officer JAKARTA (JP): Police detectives arrested two Indonesian Christian University (UKI) students on Tuesday for their alleged involvement in the abduction of a police officer during a student protest. Head of the city police detective unit, Col. Gories Mere, confirmed the arrests at the students' homes, adding that the two had already been named as suspects. He said that the police are still attempting to locate two other suspects in the case.
Wed, 09 Dec 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 8, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 400 0 62,500 AHAP Insurance 400 0 0 Alter Abadi 275 0 10,000 Alumindo Light Metal 300 0 13,500 Alumindo Perkasa 125 0 0 Aneka Kimia Raya 200 -25 10,000 Aneka Tambang 1,625 0 3,789,500 Anwar Sierad 125 0 65,000 Apac Centertex Corp.
Wed, 09 Dec 1998, 00:00 WIB
Indonesia has slim chance in shooting
Indonesia has slim chance in shooting BANGKOK (JP): With China and South Korea appearing in fine form, Indonesia is doubtful about its prospects of achieving its target to win a silver medal in the shooting competition at the 13th Asian Games on Thursday. National shooting team manager Benny Mamoto said on Tuesday that the continent's superpowers in the sport would likely introduce new faces but still remain too strong to beat.
Wed, 09 Dec 1998, 00:00 WIB
Thousands rampage over scarcity of fertilizer
Thousands rampage over scarcity of fertilizer SEMARANG (JP): Thousands of people in the Central Java town of Blora went on a rampage on Monday evening over the scarcity of fertilizer, leaving at least six people badly injured and dozens of shops and vehicles damaged. It was reported that some 2,000 people gathered in a downtown area and began to attack and loot shops and houses. "They also vandalized vehicles and traffic lights," Sulaeman, a witness, told The Jakarta Post here on Tuesday.
Wed, 09 Dec 1998, 00:00 WIB
DBS halting RI healthcare
DBS halting RI healthcare SINGAPORE (Dow Jones): Singapore property developer DBS Land Ltd. said Tuesday it is halting a project to develop a healthcare facility in Surabaya, East Java. The company said wholly owned unit Premier Health Corporation International Pte. Ltd. no longer considers its investment in PT Regency Laguna Jasamedika, which was set up for the project, to be viable as a result of the economic turmoil and political uncertainties.
Wed, 09 Dec 1998, 00:00 WIB
Rates for tax payment for Dec. 7 to Dec. 13
Rates for tax payment for Dec. 7 to Dec. 13 U.S. dollar 1 Rp 7,400.00 Australian dollar 1 4,626.48 Austrian schilling 1 617.54 Belgian franc 1 210.58 Canadian dollar 1 4,810.82 Swiss franc 1 5,307.70 Deutschemark 1 4,370.94 Danish krone 1 1,142.72 French franc 1 1,289.96 Poundsterling 1 12,194.46 Hong Kong dollar 1 955.33 Italian lira 100 438.85 Japanese yen 100 6,015.28 Malaysian ringgit 1 1,947.37 Dutch guilder 1 3,836.48 Norwegian krone 1 985.28 New Zealand dollar 1 3,876.12 Swedish krona 1...
Wed, 09 Dec 1998, 00:00 WIB
Marciano goes one rank higher
Marciano goes one rank higher JAKARTA (JP): Col. Marciano Norman was installed on Tuesday as the new assistant for operational affairs of the city military command's chief of staff, replacing Col. Tritamtomo who had been promoted to be the West Jakarta military resort commander (Korem). Also installed at the same time was Lt. Col.