Archive: 19 February 1998
62 articles found
Thu, 19 Feb 1998
Germany's appeals against CBS plan
Germany's appeals against CBS plan JAKARTA (JP): German Finance Minister Theo Waigel has said he fully understands Indonesia's objectives in introducing a currency board system (CBS) to stabilize its currency, but that such a system is not viable at this point in time.
Thu, 19 Feb 1998
U.S. academic at center of economic storm over currency reforms
U.S. academic at center of economic storm over currency reformsBy Rob Lever WASHINGTON (AFP): The economist tapped by Indonesia to map out a currency stabilization plan is a former adviser to the White House and to other governments, and ironically a manager of a hedge fund that has profited from...
Thu, 19 Feb 1998
Fire leaves 550 homeless
Fire leaves 550 homeless BANJARMASIN, South Kalimantan: A fire that broke out in the "diamond town" of Martapura Tuesday evening has left 550 people homeless and caused losses of about Rp 500 million (US$52,600).
Thu, 19 Feb 1998
Two men arrested for robberies in W. Jakarta
Two men arrested for robberies in W. Jakarta JAKARTA (JP): Two men who allegedly worked together to prey on public transportation passengers were arrested separately in West Jakarta in the past two days.
Thu, 19 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Robbie and The Rascal 3:10 Science Film: Modern Eye for Traditional 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Music Lessons: Ansamble Musik Tiup...
Thu, 19 Feb 1998
Troubled Asia urged to keep markets open
Troubled Asia urged to keep markets open SINGAPORE (AFP): U.S. Commerce Secretary William Daley urged troubled Asian countries yesterday to keep markets open to ensure long-term economic security as U.S. envoys prepared for talks here on the region's financial crisis.
Thu, 19 Feb 1998
Bogor inaugurates reservoir in flood-reduction effort
Bogor inaugurates reservoir in flood-reduction effort BOGOR (JP): West Java Governor R. Nuriana inaugurated yesterday an eight-hectare lake located in the center of the Bogor regency office compound in Tengah village, Cibinong district.
Thu, 19 Feb 1998
Hayono to consider Yayuk's request on departure tax
Hayono to consider Yayuk's request on departure tax JAKARTA (JP): Minister of Youth Affairs and Sports Hayono Isman has said Indonesia's number one women's tennis player Yayuk Basuki's request that she be charged only Rp 250,000 in departure tax was under consideration.
Thu, 19 Feb 1998
Wullems disappointed with federation
Wullems disappointed with federation JAKARTA (JP): Former national soccer team coach Henk Wullems of the Netherlands expressed disappointment in the All Indonesian Soccer Federation, which he called "dishonest.
Thu, 19 Feb 1998
PT Sri Langka joins International Exhibition Logistics Associates (IELA)
PT Sri Langka joins International Exhibition Logistics Associates (IELA) In the world of international exhibitions and projects, nerves are wrung raw with the stress of organizing exhibits and projects, from their arrival to being handled and set up properly.
Thu, 19 Feb 1998
Two robberies in Tangerang
Two robberies in Tangerang TANGERANG (JP): Two groups of robbers broke into two houses Tuesday morning, making away with cash, jewelry and electronic goods worth millions of rupiah.Tangerang Police chief Lt. Col. Aryanto Boediharjo said the first robbery took place in a house on Jl.
Thu, 19 Feb 1998
Girl commits suicide
Girl commits suicide JAKARTA (JP): A 19-year-old housemaid hanged herself in the Pondok Indah housing complex in South Jakarta Tuesday, raising the death toll from suicide to nine this year.A forensic expert, Zulhasmar Syamsu, said yesterday the victim was identified as Suharti, who worked for a...
Thu, 19 Feb 1998
Balinese poet to go Dutch
Balinese poet to go Dutch DENPASAR, Bali: Balinese poet Warih Wisatsana is scheduled to perform in the winter festival Nachten, scheduled to last from February through mid-March in The Hague, the Netherlands.
Thu, 19 Feb 1998
Palm oil export ban: Light at end of the tunnel?
Palm oil export ban: Light at end of the tunnel? LONDON (Reuters): Reports coming out of Indonesia yesterday morning seemed to give the European vegetable oil market hope of light at the end of the tunnel, or is there?"There is light, but it's only a candle and that can soon be blown out," said one...
Thu, 19 Feb 1998
Share prices
Share pricesNotice: Due to technical problems at the Jakarta Stock Exchange, The Jakarta Post cannot provide the daily share price quotations today. -- Editor
Thu, 19 Feb 1998
Pharmaceutical industry may face drug shortages
Pharmaceutical industry may face drug shortages JAKARTA (JP): The city chapter of the Federation of Pharmaceutical Entrepreneurs has strongly urged foreign banks to accept its members' letters of credit (L/Cs) issued by local banks.
Thu, 19 Feb 1998
Badminton body to send 22 shuttlers to All England
Badminton body to send 22 shuttlers to All England JAKARTA (JP): The Badminton Association of Indonesia will send 22 shuttlers next month to the 1998 All England Badminton Championships in Birmingham, England.The association's secretary-general, Leo Ch.
Thu, 19 Feb 1998
Jakarta bids for Olympics 2008
Jakarta bids for Olympics 2008 JAKARTA (JP): State Minister for Youth Affairs and Sports Hayono Isman will report to President Soeharto on Jakarta's bid to host the 2008 Summer Olympics."Staging a huge event such as the Olympics will not be easy considering the economic situation in our country,"...
Thu, 19 Feb 1998
Garuda reduces flights on Jakarta-Yogya route
Garuda reduces flights on Jakarta-Yogya route JAKARTA (JP): State-owned Garuda Indonesia airlines will reduce its number of daily flights between Jakarta and Yogyakarta from seven to six starting next week.
Thu, 19 Feb 1998
FAI to sign Indonesian deal
FAI to sign Indonesian deal SYDNEY (Reuters): FAI Insurances Ltd. will enter into a joint venture with an insurance company in Indonesia once it gets approval from the Indonesian government, FAI chief executive Rodney Adler said yesterday.
Thu, 19 Feb 1998
Market info center formed
Market info center formed JAKARTA (JP): The Ministry of Industry and Trade has formed a market information center to provide consumers with information on prices and stocks of commodities in the domestic market.
Thu, 19 Feb 1998
Habibie set for dialog with Emil -- at the right time
Habibie set for dialog with Emil -- at the right time JAKARTA (JP): State Minister of Research and Technology B.J. Habibie welcomed yesterday senior economist Emil Salim's offer for a dialog on economic issues, but said it was unfeasible at present as the country was preparing for the General...
Thu, 19 Feb 1998
Sampoerna's net sales rose 25.6% in 1997
Sampoerna's net sales rose 25.6% in 1997 JAKARTA (JP): Publicly listed cigarette maker PT HM Sampoerna reported a 25.6 percent increase in net sales last year to Rp 2.97 trillion (US$330.22 million), the company announced yesterday.
Thu, 19 Feb 1998
KHI Pipe to export 25% of its production
KHI Pipe to export 25% of its production JAKARTA (JP): Steel pipe producers PT KHI Pipe Industries, a subsidiary of the state-owned steel producer PT Krakatau Steel, will export at least 25 percent of its production capacity this year due to a sluggish demand in the domestic market.
Thu, 19 Feb 1998
Racial and religious sentiments
Racial and religious sentimentsFrom NeracaThe economic crisis raging in the past seven months has brought sufferings to the public at large. Those worst hit by the crisis are people in the lowest social layer.
Thu, 19 Feb 1998
Aid pours in as fires still rage in E. Kalimantan
Aid pours in as fires still rage in E. Kalimantan JAKARTA (JP): Reports of spreading forest and brush fires in East Kalimantan have prompted several countries to offer the government fire-fighting equipment, a cabinet minister has said.
Thu, 19 Feb 1998
'Poor law enforcement' hampering corruption fight
'Poor law enforcement' hampering corruption fight JAKARTA (JP): Efforts to eradicate corruption are often hampered by poor law enforcement and poor coordination between officials, Vice President Try Sutrisno acknowledged yesterday.
Thu, 19 Feb 1998
Lombok tourists blissfully unaware of recent riots
Lombok tourists blissfully unaware of recent riotsBy Christopher Torchia SENGGIGI, Lombok (AP): Standing in a swimsuit by the pool of a beachside resort, an Australian tourist was nonchalant about recent street protests in Indonesia.
Thu, 19 Feb 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 18, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 10,500.00Austrian shilling 1 562.40 851.20Australian dollar 1 5,002.50 7,087.50Belgian franc 1 198.50 279.80Canadian dollar 1 5,197.
Thu, 19 Feb 1998
Germany gives RI US$206m
Germany gives RI US$206m JAKARTA (JP): German Finance Minister Theo Waigel signed a memorandum of understanding (MOU) yesterday to provide Indonesia with Dm375 million (US$206 million) in financial assistance to help fight the economic crisis.
Thu, 19 Feb 1998
Share prices up slightly from second-line stocks
Share prices up slightly from second-line stocks JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) edged up 0.1 percent yesterday on the back of local buying of second-line stocks, stockbrokers said.
Thu, 19 Feb 1998
Soedradjad's dismissal draws mixed reactions
Soedradjad's dismissal draws mixed reactions JAKARTA (JP): The sudden removal of Soedradjad Djiwandono from the top post at Bank Indonesia (BI), central bank, Tuesday drew mixed responses yesterday.Many observers linked it to the government's insistence to implement the controversial Currency Board...
Thu, 19 Feb 1998
Australia concerned over impact of unrest
Australia concerned over impact of unrest CANBERRA (Reuters): Australia's defense chief expressed concern yesterday about Indonesia's ability to control widespread rioting and the potential for social unrest there to undermine regional stability.
Thu, 19 Feb 1998
Exports remain uncompetitive despite crisis
Exports remain uncompetitive despite crisis JAKARTA (JP): Indonesia's exports have remained uncompetitive overseas despite the sharp drop in the rupiah's value against the U.S. dollar, an executive has said.
Thu, 19 Feb 1998
Man of 1,000 faces into record book
Man of 1,000 faces into record book SEMARANG: The Indonesian Museum of Records here has entered the name of a 75-year-old man nicknamed "the man of a thousand faces" into its record book because he is able to twist his face into numerous positions.
Thu, 19 Feb 1998
RI forex reserves decrease to $17.07b
RI forex reserves decrease to $17.07b JAKARTA (JP): Indonesia's foreign exchange reserves have decreased to US$17.07 billion as of Feb. 16 from $20.39 billion recorded on Jan. 15 and $28.85 billion at the end of June 1997, according to Bank Indonesia.Miranda S.
Thu, 19 Feb 1998
Dialysis patients face cutbacks
Dialysis patients face cutbacks TANGERANG (JP): State-owned Tangerang Hospital has reduced the number of patients receiving dialysis treatment to only nine per day due to the limited availability of both medicine and equipment, a director said yesterday."I cannot accept any new patients.
Thu, 19 Feb 1998
Fund raising for mosques
Fund raising for mosquesFrom Panji MasyarakatI come across fund collectors carrying charity boxes on the roadsides or on buses in Jakarta almost every day. They mostly come from the outskirts of Jakarta, asking for money from bus passengers to be utilized for mosque construction.
Thu, 19 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, 19 Feb 1998
Asia currencies firm but still eye Indonesia
Asia currencies firm but still eye Indonesia SINGAPORE (Reuters): Indonesia's currency board dilemma dominated trade in Asian foreign exchange markets again on Wednesday, but traders appeared to be losing interest as the issue dragged on with no sign of a clear resolution.
Thu, 19 Feb 1998
Majapahit hotel gets award
Majapahit hotel gets award JAKARTA (JP): Hotel Majapahit Mandarin Oriental in Surabaya, East Java, has been awarded the "Best Hotel by city" in the December issue of Institutional Investor magazine.The award was based on a survey last year which reviewed hotels in 106 cities around the world.
Thu, 19 Feb 1998
Tonasa exports cement
Tonasa exports cement JAKARTA (JP): State cement producer PT Semen Tonasa shipped the first of its exports to Sri Lanka yesterday from Ujungpandang port.Semen Tonasa president Nizar Dt Kayo said the South Sulawesi- based cement producer shipped about 14,500 tons of cement.
Thu, 19 Feb 1998
Expatriates
Expatriates When I read the last edition of the Sunday Post on Feb. 15: Expatriates set sail as economy sinks, I felt a strong urge to comment on some of the rather shortsighted statements with regards to the expatriates working in Indonesia, obviously with no other purpose than of bleeding the...
Thu, 19 Feb 1998
Wealthy Chinese donate goods as fresh riot erupts
Wealthy Chinese donate goods as fresh riot erupts SURABAYA (JP): Scores of Chinese Indonesian entrepreneurs, who have been regular targets of recent violent protests over soaring prices, donated essential commodities and money to the needy here yesterday.
Thu, 19 Feb 1998
ABRI formally nominates Habibie
ABRI formally nominates Habibie JAKARTA (JP): B.J. Habibie's bid for the vice presidency was confirmed a one-horse race yesterday after the powerful Armed Forces (ABRI) came out in support of his candidacy.
Thu, 19 Feb 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Bali Cliff Resort, Ungasan, Bali: - Art Market: Pasar Malam and Legong Dance, Monday. - Poolside: Seloka Band, Tuesday. - Ocean Cafe: Kecak Dance, Wednesday and Saturday.
Thu, 19 Feb 1998
Indonesia Inc.: Dream or reality?
Indonesia Inc.: Dream or reality?By C.J. de Koning This is the second of two articles on the capricious value of the Indonesia's currency. JAKARTA (JP): Last year before the crisis started in July the Indonesian government maintained a balanced rupiah budget, which it still does.
Thu, 19 Feb 1998
PLN can legally renegotiate purchase contracts
PLN can legally renegotiate purchase contracts JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) is legally allowed to renegotiate its U.S. dollar- based power purchasing contracts due to the current currency crisis, a legal expert has said.
Thu, 19 Feb 1998
Embassies urge their citizens to beware
Embassies urge their citizens to beware WASHINGTON (Agencies): The United States, Australia and France, citing riots, looting and other security threats, have urged their citizens traveling in Indonesia to be careful and avoid demonstrations.The U.S. embassy in Jakarta told U.S.
Thu, 19 Feb 1998
Gelora Senayan board under fire
Gelora Senayan board under fire JAKARTA (JP): Members of a House of Representatives (DPR) commission have urged the Gelora Senayan Management Board to improve the supervision of state properties within Senayan in Central Jakarta.
Thu, 19 Feb 1998
No fires by Lonsum
No fires by Lonsum JAKARTA (JP): Publicly listed PT PP London Sumatra Indonesia (Lonsum), a palm oil and rubber plantation company, has denied an allegation it used a burning method to clear land in its East Kalimantan oil palm plantation.
Thu, 19 Feb 1998
Primary regional revenue to drop more than 15%
Primary regional revenue to drop more than 15% JAKARTA (JP): The city is preparing for a gloomy 1998/1999 fiscal year as primary regional revenue is expected to drop 15.86 percent to Rp 1.72 trillion from an estimated Rp 2.03 trillion.
Thu, 19 Feb 1998
East Timor bus drivers on strike
East Timor bus drivers on strike DILI, East Timor: Hundreds of bus drivers staged a peaceful demonstration over the weekend against the skyrocketing prices of basic commodities, auto part and lubricant oil.They marched to the provincial legislative office, jamming the vast compound with their buses.
Thu, 19 Feb 1998
Girl killed by hit-and-run truck
Girl killed by hit-and-run truck JAKARTA (JP): A 17-year-old schoolgirl was crushed to death by a speeding trailer truck in a hit-and-run accident on Jl. Raya Cakung-Cilincing in East Jakarta early Tuesday.
Thu, 19 Feb 1998
Public warned against making bomb threats
Public warned against making bomb threats JAKARTA (JP): Police ordered troublemakers, who have been making phony bomb threats to incite unrest, to cease the irresponsible behavior.City police spokesman Lt. Col. E. Aritonang said yesterday the bomb hoaxes had caused chaos.
Thu, 19 Feb 1998
UNEP showcases computer database
UNEP showcases computer database JAKARTA (JP): The United Nations Environment Program (UNEP) showcased a computer database yesterday aimed at helping facilitate the transfer of green technology from industrialized to developing countries.UNEP Deputy Director Lilia G.C.
Thu, 19 Feb 1998
Grim realities predominate in pick of world press photos
Grim realities predominate in pick of world press photosBy K. Basrie JAKARTA (JP): Members of the public visiting the annual World Press Photo exhibition here are frequently left uneasy at the content of the works.
Thu, 19 Feb 1998
Soedradjad replaced
Soedradjad replaced Overall reorganization of the central bank (Bank Indonesia) had been anticipated since last week's official confirmation of the government's intention to introduce a currency board system, seen to be a quick fix solution to the rupiah volatility.
Thu, 19 Feb 1998
Moslems told to stay away from riots
Moslems told to stay away from riots YOGYAKARTA (JP): Amien Rais, the leader of the 28-million- strong Moslem organization Muhammadiyah, called on Moslems yesterday to stay away from riots targeting the property of people of Chinese descent.
Thu, 19 Feb 1998
ASEAN may be forced to abandon peace role
ASEAN may be forced to abandon peace role BANGKOK (Agencies): ASEAN may be forced to abandon its efforts to find a peaceful solution to the Cambodian crisis due to opposition from strongman Hun Sen, a report said yesterday.
Thu, 19 Feb 1998
RI's political system needs reform
RI's political system needs reform Presidential and vice-presidential elections are drawing closer. Clearer signs have now emerged from political groupings about whom they are going to elect. Political scientist J.
Thu, 19 Feb 1998
Bishop calls on Amien
Bishop calls on Amien YOGYAKARTA (JP): The Archbishop of Semarang, Suharyo, paid a rare courtesy call on Amien Rais, leader of the 28-million-strong Moslem organization Muhammadiyah, here yesterday.Both Suharyo and Amien declined to go into the details of what they discussed.