Archive: 14 February 1998
61 articles found
Sat, 14 Feb 1998
Mohamad Sadli, BIS warn of great risks of CBS
Mohamad Sadli, BIS warn of great risks of CBS JAKARTA (JP): Former minister Mohamad Sadli warned the Indonesian government yesterday against adopting a currency board system (CBS) without IMF endorsement and support.
Sat, 14 Feb 1998
Taiwan firms form fund for SE Asia investment
Taiwan firms form fund for SE Asia investment TAIPEI (Reuters): Taiwan's Chinatrust Commercial Bank and up to seven other Taiwan firms are forming a fund to invest in stocks in Southeast Asia, chiefly Malaysia, Chinatrust chairman Jeffrey Koo said yesterday.
Sat, 14 Feb 1998
Edy promoted to major general
Edy promoted to major general JAKARTA (JP): Edy Waluyo, the City Council Speaker, will be promoted to major general, an employee of the council said yesterday. An official announcement is expected from the Ministry of Security and Defense on Monday.
Sat, 14 Feb 1998
Islam strives for peace: Farrakhan
Islam strives for peace: Farrakhan JAKARTA (JP): Visiting American Nation in Islam leader Louis Farrakhan said yesterday the Western world's fear of Islam stemmed from a smear campaign by anti-Islamic bodies, including industrialized countries' intelligence services and their mass media.
Sat, 14 Feb 1998
Kijang production cut
Kijang production cut JAKARTA: Astra will sharply cut Toyota production in Indonesia due to the worsening economic crisis, company officials said. The firm's plant in Jakarta will halve monthly production of its popular Kijang commercial vehicle to 3000-4000, and may reduce output further if demand...
Sat, 14 Feb 1998
Prabowo sad to leave Kopassus for new post
Prabowo sad to leave Kopassus for new post JAKARTA (JP): Commandant of the Army's special force (Kopassus), Maj. Gen. Prabowo Subianto, said he was sad he had to leave the elite force to assume his new post as commander of the Army's Strategic Reserves Command (Kostrad).
Sat, 14 Feb 1998
Dancer twirls crockery in homage to mother
Dancer twirls crockery in homage to motherBy Sirikit Syah SURABAYA (JP): Parmin Ras broke dozens of plates during the painstaking creative process for refining his dance number, The Empty Plates.It was not a pleasant experience, especially when the family income depended on how many bowls of...
Sat, 14 Feb 1998
Psychiatrists busy as many Jakartans seek help
Psychiatrists busy as many Jakartans seek help JAKARTA (JP): Ongoing economic difficulties have brought Jakartans, rich and poor alike, flocking to the psychiatrist's couch, according to experts.Renowned psychologist Sartono Mukadis, psychiatrist Dwijo Saputro and doctor Amir Hussein Anwar told The...
Sat, 14 Feb 1998
Salim and Telkom head lists of largest taxpayers
Salim and Telkom head lists of largest taxpayers JAKARTA (JP): Tycoon Soedono Salim of the widely diversified Salim Group and PT Telekomunikasi Indonesia have topped the lists of largest individual and corporate taxpayers respectively for 1996.
Sat, 14 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 13, 1998: Buying Selling Rp Rp U.S dollar 1 7,000.00 10,000.00Austrian shilling 1 512.20 798.20Australian dollar 1 4,562.80 6,654.20Belgian franc 1 180.80 262.30Canadian dollar 1 4,718.
Sat, 14 Feb 1998
Movies for sweethearts this Valentine's Day
Movies for sweethearts this Valentine's Day JAKARTA (JP): Plans to spend Valentine's with your significant other today? A candlelit dinner at a star-rated hotel restaurant or dancing the night away to romantic music may tickle your fancy.
Sat, 14 Feb 1998
Singapore PM visits Malaysia
Singapore PM visits Malaysia KUALA LUMPUR (Reuters): Singapore Prime Minister Goh Chok Tong will meet his Malaysian counterpart next week for the third time in a month to discuss Asia's financial crisis, the foreign ministry said yesterday.
Sat, 14 Feb 1998
Jusuf Wanandi meets authorities' summons
Jusuf Wanandi meets authorities' summons JAKARTA (JP): Jusuf Wanandi was questioned for almost five hours by the city branch of the Agency for the Coordinating of Support for National Stability (Bakorstanasda Jaya) yesterday, in connection with an explosion in a cheap apartment in Tanah Tinggi last...
Sat, 14 Feb 1998
Sudjana defends PT Artha Daya
Sudjana defends PT Artha Daya JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana has defended the designation of PT Artha Daya Coalindo to handle the sale of coal received by the government from private coal mining contractors.
Sat, 14 Feb 1998
Govt to reduce medicine prices to affordable levels
Govt to reduce medicine prices to affordable levels JAKARTA (JP): The government moved yesterday to alleviate public outcry over the soaring prices of generic drugs, promising to gradually reduce them to an affordable rate.
Sat, 14 Feb 1998
International call rates to rise due to rupiah's fall
International call rates to rise due to rupiah's fall JAKARTA (JP): International telephone calls will soon be 25 percent more expensive when the government adjusts the rates to a new lower rupiah exchange rate against the dollar.
Sat, 14 Feb 1998
Three teenagers detained for attempted robbery
Three teenagers detained for attempted robbery JAKARTA (JP): Three teenagers were arrested for attempting to rob taxi drivers in two separate incidents in Central and South Jakarta, a police officer said yesterday.City police spokesman Lt. Col. E.
Sat, 14 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: The Crystal Maze 3:10 Sundanese Traditional Perfomances 3:35 Tour and Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:30 TV Series: Full House 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village...
Sat, 14 Feb 1998
Students concern prices of paper
Students concern prices of paperFrom KompasThe government has recently organized cheap markets for the nine basic commodities in order to help alleviate the burden on people in the lower income brackets.
Sat, 14 Feb 1998
Japan outplays RI in Davis Cup
Japan outplays RI in Davis Cup SAPPORO, Japan (AP): Japan beat Indonesia in both singles tennis matches yesterday for a 2-0 record in their three-day duel in the first round of Group One in the Davis Cup Asia-Oceania Zone.
Sat, 14 Feb 1998
Mercedes-Benz prices set to rise as production restarts
Mercedes-Benz prices set to rise as production restartsBy John Aglionby There's good news and there's bad news this week, as far as anyone wanting to buy a Mercedes-Benz as a generous Valentine's Day present is concerned.
Sat, 14 Feb 1998
Rp 12b of projects to be officiated
Rp 12b of projects to be officiated MAUMERE, East Nusa Tenggara: President Soeharto is due to inaugurate three government projects worth over Rp 12 billion ($1.5 million) in the near future, an official said yesterday.
Sat, 14 Feb 1998
Harmoko says he won't refuse VP nomination
Harmoko says he won't refuse VP nomination JAKARTA (JP): Golkar vice presidential candidate Harmoko asserted yesterday his intention to remain in the race until Golkar's chief patron, President Soeharto, decided otherwise.
Sat, 14 Feb 1998
Public advised not to told mass meetings during MPR session
Public advised not to told mass meetings during MPR session JAKARTA (JP): The police are advising people not to hold meetings, conferences, gatherings or parties involving a large number of people from Feb.
Sat, 14 Feb 1998
BIS urges early deals between creditors, lenders
BIS urges early deals between creditors, lenders BALI (AFP): A top official of the Swiss-based Bank for International Settlements (BIS) called here yesterday for an early and voluntary agreement among creditors and debtors to resolve Asia's mounting debt problems.
Sat, 14 Feb 1998
U.S. human rights report misses the mark
U.S. human rights report misses the markBy Dino Patti Djalal JAKARTA (JP): The annual human rights report published recently by the U.S. Department of State has, as usual, drawn a sharp response from many of the 194 foreign governments reviewed in the text.
Sat, 14 Feb 1998
President confident of CBS therapy
President confident of CBS therapy JAKARTA (JP): President Soeharto expressed confidence yesterday that a currency board system (CBS) would be Indonesia's best and least-risky option to stabilize the rupiah exchange rate, an American economist said.
Sat, 14 Feb 1998
Three Fretilin rebels found dead
Three Fretilin rebels found dead DILI (JP): The military said yesterday three Fretilin separatist rebels were found dead in a river in Viqueque, about 300 kilometers east of here.East Timor military chief Col.
Sat, 14 Feb 1998
30 city schools prone to flooding: Councilor
30 city schools prone to flooding: Councilor JAKARTA (JP): At least 30 schools in the city are prone to flooding, a city councilor said yesterday.City councilor Soeparmo, head of Commission E for welfare affairs, told The Jakarta Post that over the last few years most of these schools had been...
Sat, 14 Feb 1998
Police seal three warehouses full of foodstuffs
Police seal three warehouses full of foodstuffs TANGERANG (JP): Tangerang police and military district personnel have sealed three warehouses here suspected to be housing stockpiles of basic commodities withheld from the market.
Sat, 14 Feb 1998
Firm to extract gas from garbage
Firm to extract gas from garbage JAKARTA (JP): A private firm has submitted a proposal to municipal authorities which, if approved, could see gas being extracted at the 108-hectare Bantargebang rubbish dump in Bekasi, 40 kilometers west of Jakarta.
Sat, 14 Feb 1998
ASEAN electronic commerce
ASEAN electronic commerce KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad called yesterday for the establishment of an ASEAN framework on electronic commerce amid the dawn of the digital marketplace.
Sat, 14 Feb 1998
UPS eyes Indonesian deal
UPS eyes Indonesian deal HONG KONG (Reuters): United Parcel Service (UPS) expects to finalize its joint venture with Indonesia's PT Cardig Citra and the Salim group at the end of this month, UPS vice president for Asia Pacific Charles Adams said.
Sat, 14 Feb 1998
Winter Olympics out in the cold
Winter Olympics out in the cold As far as I know, Indonesia is not participating in the ongoing Winter Olympics in Japan, but I still feel it is a great pity local TV stations are completely ignoring this important event, which people around the world are following with enthusiasm.
Sat, 14 Feb 1998
Trading course for newly unemployed
Trading course for newly unemployed JAKARTA (JP): Central Jakarta mayoralty has been selected for a pilot project designed to return people recently made redundant to work, Mayor Andi Subur Abdullah said yesterday.
Sat, 14 Feb 1998
RI corporate debtors set up contact committee
RI corporate debtors set up contact committee JAKARTA (JP): Indonesia's private corporate debtors established a contact committee yesterday to move forward on negotiations with their foreign creditors.The chairman of the Corporate Foreign Debt Settlement Team, Radius Prawiro, said yesterday the...
Sat, 14 Feb 1998
Overseas trip prohibited
Overseas trip prohibited MEDAN, North Sumatra: Governor Raja Inal Siregar has prohibited regents and mayors from traveling overseas until after the upcoming meetings of People's Consultative Assembly in Jakarta scheduled for March 1 to March 11.
Sat, 14 Feb 1998
Precocious child in book of record
Precocious child in book of record JAKARTA (JP): She is only four-year-old, but she writes Roman numerals up to 2,000, calculates the cotangent, cosine and sine of a triangle and the roots of numbers of up to 225,000.
Sat, 14 Feb 1998
Activists oppose police phone tapping plan
Activists oppose police phone tapping plan JAKARTA (JP): A police plan to access cellular phones and stop political calls were met with strong criticism yesterday from a human right campaigner and a legal activist.
Sat, 14 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 13, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 350 -25 63,500 Alumindo...
Sat, 14 Feb 1998
Snake smuggling attempt foiled
Snake smuggling attempt foiled SURABAYA: Customs and excise officials here foiled a company's attempt to smuggle 1,500 protected snakes out to China on Thursday, a press report said yesterday.The snakes, which were to be smuggled by PT Pilar Rekayasa Muda to Chinese restaurants in Guangzhou...
Sat, 14 Feb 1998
Deadline for bank capital requirement rescheduled
Deadline for bank capital requirement rescheduled JAKARTA (JP): Bank Indonesia (BI) has agreed to postpone introducing a requirement that commercial banks hold a minimum capital of Rp 2 trillion for one year, until the end of 2000, following a request from the Private National Banking Association...
Sat, 14 Feb 1998
Malaysia against fixed rate
Malaysia against fixed rate SHAH ALAM, Malaysia (AFP): Finance Minister Anwar Ibrahim said yesterday that Malaysia would not consider adopting a currency board system such as that being planned by Indonesia.
Sat, 14 Feb 1998
New Deans
New Deans Former minister of mines and energy M. Sadli (left), new dean of the University of Indonesia's School of Economics Anwar Nasution (right) and new dean of the School of Social and Political Sciences Kamanto Sunarto.
Sat, 14 Feb 1998
RI currency board plan drives Asian currencies
RI currency board plan drives Asian currencies SINGAPORE (Reuters): Asian currencies recovered some lost ground late yesterday as traders hedged their bets on signs Indonesia would go ahead with a currency board system to stabilize its rupiah despite mounting criticism of the plan.
Sat, 14 Feb 1998
Quake jolts Bandarlampung
Quake jolts Bandarlampung BANDARLAMPUNG, Lampung: Thousands of people here rushed out of their homes in panic late Wednesday night as a strong quake jolted the municipality for a few seconds.Some residents in Way Halim and Karunia Indah housing complexes told Antara shortly after the quake that...
Sat, 14 Feb 1998
W. Sumatra to host 2nd leg Gudang Garam motocross
W. Sumatra to host 2nd leg Gudang Garam motocross JAKARTA (JP): The province of West Sumatra has been chosen to host the second leg of the Gudang Garam international motocross championships, from March 11 to March 12.West Sumatra capital Bukittinggi will probably be the venue for the event.
Sat, 14 Feb 1998
The currency board system
The currency board system President Soeharto's fast, bold move on a fixed exchange rate system under currency board arrangements, to arrest the wild volatility and downward spiral of the rupiah, is founded strongly on both economic and political rationale.
Sat, 14 Feb 1998
Economists oppose RI currency board
Economists oppose RI currency board MANILA (AP): Southeast Asian economists believe Indonesian plans for a currency board and Malaysian proposals for the use of local currencies in trade will further aggravate the region's financial crisis, an official said yesterday.
Sat, 14 Feb 1998
ADB to lend Thailand $1b
ADB to lend Thailand $1b BANGKOK (Reuters): The Asian Development Bank is finalizing details of a $1 billion, five-year syndicated loan to help Thailand boost its exports by March, Thai finance ministry officials said yesterday.
Sat, 14 Feb 1998
Friday the 13th spooks Asian stock markets
Friday the 13th spooks Asian stock markets HONG KONG (AFP): Asian markets were hit hard with investors apparently frightened away by ill omens yesterday, the 13th, with sharp falls in Hong Kong and Tokyo sparking profit-taking throughout the region, analysts said.
Sat, 14 Feb 1998
Thailand to revise old law
Thailand to revise old law BANGKOK (AFP): Thailand is considering abolishing its decades- old anti-Communism law which some politicians say could be used to suppress ordinary citizens, reports said yesterday.
Sat, 14 Feb 1998
Film description
Film description On Nov. 8, 1997, The Jakarta Post printed a letter written by Branimir Salevic (TV programs) in which attention was drawn to an ongoing deficiency in the Post's daily TV program guide.This deficiency was (and still is) the lack of even basic information about the content of some of...
Sat, 14 Feb 1998
'Jakarta Post' wins photography awards
'Jakarta Post' wins photography awards JAKARTA (JP): The organizer of badminton's Lipton World Grand Prix final judged two photographs from The Jakarta Post as the winning images from the four-day meet in December last year.
Sat, 14 Feb 1998
Give Wiranto a chance
Give Wiranto a chance Even before the presidential decree was made public, military observers predicted that Gen. Wiranto would be appointed commander of the Army. A 1968 graduate of the National Military Academy, Gen.
Sat, 14 Feb 1998
Boeing joints with KL firms
Boeing joints with KL firms SEATTLE (AP): Boeing Co. said Thursday it had joined with three other companies in a joint venture in Malaysia to make composite parts for commercial aircraft.Boeing will join Hexcel Corp.
Sat, 14 Feb 1998
Perspective on Asian crisis (2)
Perspective on Asian crisis (2) This is the second of two articles based on a paper presented by Deputy Prime Minister and Minister for Foreign Affairs of the Netherlands Hans van Mierlo before the Indonesian-Netherlands Association and the Forum Indonesia-Netherlands on Feb. 11, 1998 in Jakarta.
Sat, 14 Feb 1998
Peg useless without political change
Peg useless without political change Indonesia is gearing up to establish a currency board system aimed at stabilizing the beleaguered rupiah. This would mean pegging the Indonesian rupiah to the United States dollar. Sounds familiar? It should.
Sat, 14 Feb 1998
More food protests grip W. Java towns, military in control
More food protests grip W. Java towns, military in controlBy M.M.I. Ahyani LOSARI, West Java (JP): More than 1,000 people, desperate in the face of dramatic price hikes, ran riot here yesterday, smashing, burning and looting shops.
Sat, 14 Feb 1998
Opel defies trend as vehicle sales blaze ahead
Opel defies trend as vehicle sales blaze aheadBy John Aglionby A new rare breed has been discovered in Indonesia, a non- exporting company that is expanding production despite the near- paralyzing effects of the economic crisis.
Sat, 14 Feb 1998
Probosutedjo in China
Probosutedjo in China BEIJING (AFP): The half brother of Indonesian President Soeharto met yesterday with Chinese Vice Premier Wu Bangguo to discuss the financial crisis which has wracked the Southeast Asian region, the official Xinhua news agency said.