Archive: 12 February 1998
52 articles found
Thu, 12 Feb 1998
Hotel serves up Valentine's treats
Hotel serves up Valentine's treats JAKARTA (JP): Sweethearts can celebrate this Valentine's Day with dinner promotions at restaurants of the Mandarin Oriental Jakarta, the hotel's public relation officer said yesterday.
Thu, 12 Feb 1998
Corruption leads to economic crisis
Corruption leads to economic crisisFrom JayakartaCreating the desired clean government in this country seems to be very difficult. This situation can ascribed to the vicious circle of corruptive practices and lack of shame on the part of those perpetrating the corrupt acts.
Thu, 12 Feb 1998
Betawi people to show unified front in crisis
Betawi people to show unified front in crisis JAKARTA (JP): At least 50,000 Betawi native Jakartans are expected to give a public display of unity at a post Idul Fitri get-together in Central Jakarta this Saturday morning.
Thu, 12 Feb 1998
Government needs 'to reach out more'
Government needs 'to reach out more' Former U.S. ambassador to Jakarta, Paul D. Wolfowitz, warns that unless Indonesia selects a vice president who enjoys broad support and establishes a cabinet which accommodates all elements of society, the country could become the "basket case of Asia".
Thu, 12 Feb 1998
Yogya women run out of sanitary napkins
Yogya women run out of sanitary napkins YOGYAKARTA (JP): Women here have added another item to their worry list of things running short in this economic crisis: sanitary napkins.Some women have complained they cannot find the feminine napkins anywhere in the city.
Thu, 12 Feb 1998
Four rob Nigerian of cash, camera
Four rob Nigerian of cash, camera JAKARTA (JP): City police are searching for three men and a woman who robbed a Nigerian national at his house on Jl. Sunter Muara Indah in North Jakarta on Tuesday evening, an officer said yesterday.City police spokesman Lt. Col. E.
Thu, 12 Feb 1998
Stocks fall 5.81% on profit taking
Stocks fall 5.81% on profit taking JAKARTA (JP): The main Jakarta Stock Exchange (JSX) index fell 5.81 percent yesterday due to a combination of mounting fears over sporadic riots and profit taking on several blue chip stocks.The JSX Composite Index plunged sharply lower by 30.09 points to 487.
Thu, 12 Feb 1998
Students protest basic commodity price hikes
Students protest basic commodity price hikes JAKARTA (JP): College students in North Sumatra and Central Sulawesi staged massive demonstrations yesterday demanding the government do more to bring down prices of basic goods.
Thu, 12 Feb 1998
Amount of dollar deposit lessening
Amount of dollar deposit lesseningFrom Bisnis IndonesiaOn Nov. 5, 1997, I deposited US$10,000 at Bank BNI Senayan Branch, Jakarta, for a three-month term. On Feb. 5, 1998, upon the maturity of the deposit, I became puzzled when I was told that I could not withdraw the deposit because the bank had...
Thu, 12 Feb 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Radisson Plaza Suite Hotel, at Plaza Boulevard, Jl. Pemuda 31- 37: - Kartini's Restaurant: Chinese Food Festival, 6:30 p.m. to 10:30 p.m., Electone Player, daily. Tanira Band, Friday, Saturday. - Cafe Taman: Tanira Band, daily at 7 p.m. to 10 p.m.
Thu, 12 Feb 1998
Holland to set up trade facility for RI firms
Holland to set up trade facility for RI firms JAKARTA (JP): Deputy Prime Minister of the Netherlands Hans van Mierlo said here yesterday the Dutch government planned to establish a trade facility to guarantee Indonesian imports.
Thu, 12 Feb 1998
Departure tax burdensome
Departure tax burdensome We are foreign investors who have had to stay in Jakarta to monitor our new investment. I believe that our business here is genuine and within Indonesian government guidelines.There are plenty of capable people in Indonesia who will eventually be able to take charge of the...
Thu, 12 Feb 1998
Cool reception for media mergers idea
Cool reception for media mergers idea JAKARTA (JP): Minister of Tourism, Post and Telecommunications Joop Ave has proposed financially troubled media companies should merge to survive the worsening economic crisis.
Thu, 12 Feb 1998
Protesters clash with police, 150 apprehended
Protesters clash with police, 150 apprehended JAKARTA (JP): At least 150 people, including 14 women and two children, were apprehended during a demonstration yesterday over soaring prices, and taken to Jakarta Police Headquarters.
Thu, 12 Feb 1998
New gasoline launched
New gasoline launched JAKARTA (JP): Elnusa Petrofin, a subsidiary of state oil and gas company Pertamina, has introduced a new unleaded gasoline for motorbikes.The product, called Bensin Biru 2 Langkah, was launched Tuesday by the head of Pertamina's marketing and provision unit for Jakarta and...
Thu, 12 Feb 1998
Soeharto warns of plot to ruin economy
Soeharto warns of plot to ruin economy SUBANG, West Java (JP): President Soeharto warned the nation yesterday against groups plotting to destroy the country's economy by engineering a dramatic fall in the rupiah against the US dollar.
Thu, 12 Feb 1998
World press photo expo opens today
World press photo expo opens today JAKARTA (JP): The annual 1997 World Press Photo Exhibition is to open today at Erasmus Huis on Jl. H.R. Rasuna Said, South Jakarta, and continue until Feb. 22.The Royal Netherlands Embassy announced yesterday that the traveling exhibition would display winning...
Thu, 12 Feb 1998
National leader candidate
National leader candidateFrom MerdekaNewspaper reports over the past month have speculated on the identity of the next vice president. Some of the opinions expressed by various leading figures regarding one of the candidates, Pak Habibie, have angered me.
Thu, 12 Feb 1998
Alleged robber shot dead
Alleged robber shot dead JAKARTA (JP): An alleged robber was shot dead in Central Jakarta early yesterday morning after resisting arrest, city police spokesman Lt. Col. E. Aritonang said.He said the suspect, identified as Hidayatulah, alias Pedrik, was a notorious hoodlum who used to hang out...
Thu, 12 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb.11, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 550 -75 128,500 Alumindo Light Metal 400 0 543,000 Alumindo...
Thu, 12 Feb 1998
Myanmar to create new middle class
Myanmar to create new middle class YANGON (Reuters): Myanmar's ruling military junta aims to create a new middle class in the country which is vital for economic revival and for democracy to flourish in coming years, a government spokesman said yesterday.
Thu, 12 Feb 1998
Asian markets look to stronger Wall Street
Asian markets look to stronger Wall Street SINGAPORE (AFP): Asian markets were looking yesterday towards moves by Indonesia to institute a currency board to better regulate trade in the beleaguered rupiah after a stronger Wall Street sparked early rises and profit-taking, dealers said.
Thu, 12 Feb 1998
Misconduct must be eliminated: Scholar
Misconduct must be eliminated: Scholar JAKARTA (JP): The rampant misconduct in the political elite should be wiped out if Indonesia wants to survive the current economic crisis, a respected scholar said yesterday.
Thu, 12 Feb 1998
Lee Kuan Yew's comment
Lee Kuan Yew's comment Singapore Senior Minister Lee Kuan Yew has offered his view of the monetary crisis currently hitting Asia. In his comment, published in the Feb. 8 edition of the Sunday Times newspaper, Lee said the crisis engulfing Asia at present tended to be viewed (by the region)...
Thu, 12 Feb 1998
Memories eatery to close down
Memories eatery to close down JAKARTA (JP): Memories restaurant will serve up its final meals on Valentine's Day this Saturday, its manager said Tuesday.Klaas Kemp said the eatery serving predominantly Dutch cuisine was unable to continue operating due to the economic crisis.
Thu, 12 Feb 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.
Thu, 12 Feb 1998
Soeharto dedicates industrial complex
Soeharto dedicates industrial complex JAKARTA (JP): President Soeharto dedicated Indonesia's first heavy industrial complex yesterday owned by the country's leading conglomerate, the Texmaco Group.Soeharto said the heavy industrial complex, in Subang, West Java, was a milestone in the country's...
Thu, 12 Feb 1998
King Carlos marks RP independence
King Carlos marks RP independence MACTAN, Philippines (AFP): King Juan Carlos and Queen Sofia of Spain arrived here yesterday to join Philippine celebrations to mark the 100th anniversary of the end of almost four centuries of Spanish colonial rule.
Thu, 12 Feb 1998
Minibus overturns, 2 passengers die
Minibus overturns, 2 passengers die JAKARTA (JP): Two minibus passengers were killed and three others seriously injured yesterday morning when a speeding and overloaded Metromini 92 -- plying the Grogol-Ciledug route -- overturned while making a turn on Jl. Meruya Ilir Raya, West Jakarta.
Thu, 12 Feb 1998
Emil calls for support for social safety net
Emil calls for support for social safety net JAKARTA (JP): Senior economist Emil Salim has called for public support for the government's effort to build the social safety net for the poor it promised in its economic reform package.
Thu, 12 Feb 1998
Currency board's resume; system's pros and cons
Currency board's resume; system's pros and cons SINGAPORE (Reuters): Indonesia has said it is exploring the possibility of establishing a currency board to maintain the value of the rupiah.The following is a brief resume of how a traditional currency board works and some of the pros and cons of...
Thu, 12 Feb 1998
Rupiah extends gains on currency peg news
Rupiah extends gains on currency peg news JAKARTA (JP): The rupiah extended gains against the U.S. dollar for a second consecutive day yesterday on the confirmation that the government will fix the rupiah exchange rate under a currency board arrangement, currency dealers said.
Thu, 12 Feb 1998
State firm regulations affect five timber firms
State firm regulations affect five timber firms JAKARTA (JP): Five state timber companies PT Inhutani I to V will be treated like private timber firms due to a change in state enterprise operations regulations, a minister said yesterday.
Thu, 12 Feb 1998
Fires bring orangutans misery
Fires bring orangutans misery SAMARINDA, East Kalimantan: Two thousand orangutans (Pongo pygmaeus) in Kutai National Park have been affected by the fires that have spread through the protected area, park chief Warsito, has said.
Thu, 12 Feb 1998
Oil city Balikpapan celebrates 101 birthday
Oil city Balikpapan celebrates 101 birthdayBy Antoni Tambunan BALIKPAPAN, East Kalimantan (JP): Some residents have reportedly complained that this City of Oil is so rich that beggars haunting some shopping centers refuse Rp 100 coins and hold out for at least Rp 500 notes.No wonder.
Thu, 12 Feb 1998
Help foreign ministry
Help foreign ministryFrom MerdekaThe impact of the monetary crisis has been felt far and wide, from the government to the private sector. No one is to blame. It is a situation beyond control.The Indonesian Ministry of Foreign Affairs has been seriously affected by the crisis.
Thu, 12 Feb 1998
Aspac ready to compete in first ABA league
Aspac ready to compete in first ABA league JAKARTA (JP): The Jakarta-based Aspac basketball club is ready to compete in the new, professional Asian Basketball Association (ABA) league, which will be staged for the first time on Aug. 13 in Tokyo.
Thu, 12 Feb 1998
Indosat's net income rises 22 percent
Indosat's net income rises 22 percent JAKARTA (JP): PT Indonesian Satellite Corporation (Indosat) announced yesterday a 22 percent increase in its consolidated net income for 1997 to Rp 636.5 billion (US$136.9 million) from Rp 521.7 billion the previous year despite the country's monetary crisis.
Thu, 12 Feb 1998
Fuel subsidy to be aimed at halting smuggling
Fuel subsidy to be aimed at halting smuggling JAKARTA (JP): Minister of Finance Mar'ie Muhammad said here yesterday that the government's future fuel price subsidization policy would be designed to limit the smuggling of oil products from the country.
Thu, 12 Feb 1998
Matahari sells Prapatan stake
Matahari sells Prapatan stake JAKARTA (JP): The country's largest listed retail firm PT Matahari Putra Prima sold its 12.61 percent stake in PT Hotel Prapatan yesterday through the crossing board at the Jakarta and Surabaya stock markets yesterday.
Thu, 12 Feb 1998
Bengkulu coral reef damaged
Bengkulu coral reef damaged BENGKULU, Bengkulu: Coral reefs near Tikus and Enggano islands here have been seriously damaged due to fish bombing, Antara reported yesterday.A local fisheries official, Roebimin Wibisono, said the destruction had pushed much marine life to the brink of extinction.
Thu, 12 Feb 1998
Municipality vows to supply ample basic commodities
Municipality vows to supply ample basic commodities JAKARTA (JP): The city municipality will go all out to provide adequate supplies of basic commodities -- particularly rice, sugar, flour, cooking oil and kerosene -- for Jakartans, officials said yesterday.
Thu, 12 Feb 1998
Oil companies to spend $6.3b on exploration and production
Oil companies to spend $6.3b on exploration and production JAKARTA (JP): Oil and gas contractors will raise their exploration and production budgets 40 percent to US$6.3 billion this year, state-owned oil and gas company Pertamina said yesterday.
Thu, 12 Feb 1998
ITB students, teachers want succession
ITB students, teachers want succession BANDUNG (JP): Most Bandung Institute of Technology (ITB) students and lecturers said in a recent poll they wished to see a new president soon.Students said they favored Moslem leader Amien Rais as the next president, while lecturers said they would prefer Vice...
Thu, 12 Feb 1998
Sidewalk vendors to be tolerated
Sidewalk vendors to be tolerated JAKARTA (JP): Sidewalk vendors near Tanah Abang market in Central Jakarta will be allowed to operate until the General Session of the People's Consultative Assembly next month, an official said yesterday.
Thu, 12 Feb 1998
Fires gut Maluku forests
Fires gut Maluku forests AMBON, Maluku: Fires in three drought-hit subdistricts here have gutted a wide area of forest over the past two weeks, Antara reported yesterday.Mayor Chris Tanasale said the fires were raging in the villages of Amahusu and Eri in the Nusaniwe subdistrict, Hatiwe Besar and...
Thu, 12 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 11, 1998: Buying Selling Rp Rp U.S dollar 1 6,000.00 9,000.00Austrian shilling 1 446.60 728.80Australian dollar 1 4,000.20 6,105.40Belgian franc 1 157.80 239.60Canadian dollar 1 4,102.
Thu, 12 Feb 1998
On the holy war
On the holy war The Indonesian Ulemas Council has beaten the drum of jihad (holy war) against speculators and hoarders of staple commodities in an effort to protect the country from political and economic pressures.
Thu, 12 Feb 1998
Rupiah will be pegged to fixed exchange rate
Rupiah will be pegged to fixed exchange rate JAKARTA (JP): Indonesia will soon establish a currency board system (CBS) to stabilize the shattered rupiah and is now finalizing legal and institutional frameworks to operate the fixed peg arrangement, Finance Minister Mar'ie Muhammad confirmed...
Thu, 12 Feb 1998
SEAG Consortium told to report to public
SEAG Consortium told to report to public JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman yesterday urged the 19th SEA Games Consortium to give transparent reports to the public about the fund raising it did to finance the biennial event last year.
Thu, 12 Feb 1998
Harmoko, Habibie named Golkar's VP choices
Harmoko, Habibie named Golkar's VP choices JAKARTA (JP): The ruling political organization Golkar has decided to support both its chairman Harmoko and State Minister of Research and Technology B.J. Habibie in next month's vice presidential election, deputy chairman Abdul Gafur said yesterday.
Thu, 12 Feb 1998
Feisal warns of groups exploiting economic crisis
Feisal warns of groups exploiting economic crisis BOGOR, West Java (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung has again pinned the blame for recent riots and demonstrations for total reform, on "certain groups" seeking to subvert the government.