Archive: 21 February 1998
55 articles found
Sat, 21 Feb 1998
Little movement as Asian stock markets stay firm
Little movement as Asian stock markets stay firm HONG KONG (AFP): Asian-Pacific markets posted little movement yesterday keeping an anxious eye on events in Indonesia and the Gulf as well as the region's economic crisis.
Sat, 21 Feb 1998
Prabowo demonstrates rapport with Amien
Prabowo demonstrates rapport with Amien JAKARTA (JP): Lt. Gen. Prabowo Subianto, the newly appointed chief of the Army's Strategic Reserve Command (Kostrad), demonstrated yesterday his growing rapport with outspoken Moslem leader Amien Rais by stating he did not have any problem with the latter's...
Sat, 21 Feb 1998
RI commitment to IMF reform: Mar'ie
RI commitment to IMF reform: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad has reassured the finance ministers of the Group of Seven (G-7) developed nations that Indonesia remains firmly committed to the International Monetary Fund (IMF)-sponsored reform package.
Sat, 21 Feb 1998
Two killed in plane crash
Two killed in plane crash YOGYAKARTA: A Charlie C-213 training aircraft crashed near Adisutjipto Airport here yesterday, killing the trainee pilot on board, eyewitnesses said.They said the plane dropped from an altitude of about 1,000 feet, adding the pilot probably lost control during "a vertical...
Sat, 21 Feb 1998
Calculating the risks
Calculating the risks It is still difficult at this point to say whether the government will go ahead with the implementation of the currency board system. So far, the government has allowed the public debate on the system's merits to develop.
Sat, 21 Feb 1998
Bank executive tried for scam
Bank executive tried for scam JAKARTA (JP): An executive of PT Bank Dwipa Semesta, one of the 16 banks closed by the government last November, was indicted at the Central Jakarta District Court yesterday for forging promissory notes and deposit certificates worth Rp 22 billion.
Sat, 21 Feb 1998
Jakarta car renters drive a hard bargain
Jakarta car renters drive a hard bargainBy John Aglionby CAR hire firms usually thrive in times of economic slowdown. People cannot afford to buy but they can stretch to renting a vehicle as and when they need it.
Sat, 21 Feb 1998
Asian corporate chiefs meet in Bali on crisis
Asian corporate chiefs meet in Bali on crisis JAKARTA (JP): Corporate chiefs from around Asia started three days of discussions yesterday in Nusa Dua, Bali on the economic crisis besetting the region.The gathering of 150 executives, called The President Forum, is to discuss ways Asian businesses...
Sat, 21 Feb 1998
Departure tax
Departure taxFrom KompasKompas reported on Feb. 3 and Feb. 4 to the people in this country (not through the House of Representatives) that the departure tax has been raised to Rp 1 million. This is a disturbing report to the country's educational program in this era of globalization.
Sat, 21 Feb 1998
Japan announces plan for $2.36b in new loans for Asia
Japan announces plan for $2.36b in new loans for Asia TOKYO (Reuters): Eager to ward off criticism that it is not doing enough to help Asia, Japan announced yesterday 300 billion yen (US$2.36 billion) in new loans destined mostly for Indonesia, as well as other steps for the troubled country.
Sat, 21 Feb 1998
Citibank suspends Thai move
Citibank suspends Thai move BANGKOK (AFP): U.S. banking giant Citibank NA has suspended groundbreaking moves to take over a crippled Thai institution after the central bank ordered a major shake-up at the local bank, it was announced yesterday.
Sat, 21 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 20, 1998: Buying Selling Rp Rp U.S dollar 1 8,000.00 10,500.00Austrian shilling 1 560.80 850.60Australian dollar 1 4,999.00 7,095.60Belgian franc 1 198.00 279.60Canadian dollar 1 5,224.
Sat, 21 Feb 1998
Aspelindo welcomes requirement for lubricant quality control
Aspelindo welcomes requirement for lubricant quality control JAKARTA (JP): The Association of Indonesian Lubricant Producers (Aspelindo) hailed yesterday a Jan. 12 government regulation requiring lubricant producers and importers to register their products with the Ministry of Mines and Energy.
Sat, 21 Feb 1998
Elite schools must balance idealism and commercialism
Elite schools must balance idealism and commercialismBy Mochtar Buchori JAKARTA (JP): This is a story about parents who felt betrayed by a school they once trusted, and about the difficulties they had in restoring that trust.
Sat, 21 Feb 1998
MPR factions welcome Emil's vice presidency bid
MPR factions welcome Emil's vice presidency bid JAKARTA (JP): Factions in the People's Consultative Assembly (MPR) welcomed yesterday some people's bid to have senior economist Emil Salim included in the vice presidential election next month, but considered the campaign a lesson in politics rather...
Sat, 21 Feb 1998
Changi expands cargo unit
Changi expands cargo unit SINGAPORE (AFP): A new airfreight terminal is to be built at Singapore's Changi international airport, boosting its position as Southeast Asia's leading air cargo hub, Singapore Airlines Ltd. (SIA) said yesterday.
Sat, 21 Feb 1998
British Embassy offers scholarships
British Embassy offers scholarships JAKARTA: The British Embassy has offered 60 scholarships under the British Chevening Award Scheme 1998-1999 to Indonesians to study for one year at postgraduate level in the United Kingdom.
Sat, 21 Feb 1998
Free food handed out to stave off rioting
Free food handed out to stave off rioting JAKARTA (JP): Governor Sutiyoso's plan to provide free staple food for needy residents is aimed at deterring people from staging street demonstrations, a city official said yesterday.
Sat, 21 Feb 1998
Slingshots await rioters in Tegal
Slingshots await rioters in Tegal JAKARTA (JP): A Central Java regent has ordered 1,000 slingshots and 40,000 cement marbles to be used to ward off rioters in his area, a media report said yesterday.Tegal regent HM Zakir, who is an Army colonel, said Thursday the slingshots would be provided to...
Sat, 21 Feb 1998
Firm to manage city's housing complex
Firm to manage city's housing complex JAKARTA (JP): The municipality is in the process of handing over management of its housing complex for high-ranking officials in Pejaten Mas, South Jakarta, to other parties due to a lack of maintenance funds, an official said yesterday.
Sat, 21 Feb 1998
RI 'not strong enough' to resist pressures
RI 'not strong enough' to resist pressures JAKARTA (JP): President Soeharto told visiting Yemeni President Ali Abdullah Saleh that Indonesia's economic resilience was not strong enough to resist external pressures.
Sat, 21 Feb 1998
U.S. watches RI closely
U.S. watches RI closely WASHINGTON (Reuters): The United States is closely monitoring economic and political developments in troubled Indonesia, a senior U.S. Treasury official said on Thursday.The official added that the Group of Seven (G-7) industrialized nations agree that implementing a...
Sat, 21 Feb 1998
364,000 cubic meters of illegal wood seized
364,000 cubic meters of illegal wood seized JAKARTA (JP): The government confiscated 364,000 cubic meters of illegally felled wood during the past three years, a senior Ministry of Forestry official has reported.
Sat, 21 Feb 1998
March uncertainties force GM to delay launching of Blazer
March uncertainties force GM to delay launching of BlazerBy John Aglionby ANTICIPATED political and economic uncertainties in the next month have prompted General Motors Buana Indonesia (GMBI), the local arm of American auto giant General Motors, to delay the launch of the 1998 Blazer.
Sat, 21 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 20, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 650 25 48,000 AHAP Insurance 350 0 0 Alter Abadi 500 0 55,000 Alumindo Light Metal 300 0 40,500 Alumindo...
Sat, 21 Feb 1998
On expatriates
On expatriates I would like to reply to a letter published on Feb. 17 concerning expatriates. The person who wrote the letter thinks that the expatriate community in Indonesia is to be blamed for the present bad economic situation.
Sat, 21 Feb 1998
Students rally over price hikes
Students rally over price hikes YOGYAKARTA (JP): Hundreds of students from 10 universities here held three different demonstrations yesterday, demanding the government guarantees adequate supplies of basic commodities at affordable prices.
Sat, 21 Feb 1998
Mugging in taxi
Mugging in taxi At about 7 p.m. on Monday, Feb. 16, my wife flagged down an SS taxi (an old vehicle) in front of the Land Communications office on Jl. Sudirman, South Jakarta. Upon entering the automobile, she saw a jacket draped over the back of the front passenger seat with nobody in sight except...
Sat, 21 Feb 1998
Food shortages loom in 3 areas
Food shortages loom in 3 areas JAKARTA (JP): Food shortages are threatening thousands of people in several subdistricts in Central Sulawesi, North Maluku and East Kalimantan as the economic crisis continues to deteriorate, media reports said yesterday.
Sat, 21 Feb 1998
RI stays in Fed Cup Asia Oceania qualifying group I
RI stays in Fed Cup Asia Oceania qualifying group I JAKARTA (JP): The Indonesia Fed Cup tennis team reached its ambition to stay in the Asia Oceania qualifying group I despite its 1-2 loss to China in Bangkok yesterday.
Sat, 21 Feb 1998
Police detain housemaid over robbery
Police detain housemaid over robbery JAKARTA (JP): Police have detained a 40-year-old housemaid for her alleged involvement in a robbery at the home of a Nigerian national in Permata Hijau, South Jakarta, an officer said.
Sat, 21 Feb 1998
Wiranto urged to make ABRI more democratic
Wiranto urged to make ABRI more democratic JAKARTA (JP): Gen. Wiranto took over the command of the Indonesian Armed Forces (ABRI) from Gen. Feisal Tanjung yesterday amid calls from senior officers that he develop the military into a more democratic institution.Two senior ABRI members, Gen.
Sat, 21 Feb 1998
Banking stability needed to support currency peg
Banking stability needed to support currency peg The government seems determined to adopt a currency board system (CBS), under which the rupiah will be set at a fixed exchange rate to the U.S. dollar, to stabilize Indonesia's currency exchange rates.
Sat, 21 Feb 1998
Govt has not done enough
Govt has not done enough There is a disturbing mistake in my article "Prevention key to public order" published by The Jakarta Post Feb. 16.In the eighth paragraph it is written: It should be admitted that so far the government has done enough to put an end to the social, political and economic gap...
Sat, 21 Feb 1998
Indonesia delays oil imports for one month
Indonesia delays oil imports for one month SINGAPORE (Reuters): Indonesia has delayed key imports of oil products for one month and its affiliated oil buyers are asking for extended credit to help smooth over the currency crisis, oil industry sources said yesterday.
Sat, 21 Feb 1998
Who's hoarding what?
Who's hoarding what? In big cities, the police and military have been breaking open warehouses stacked high with basic foodstuffs. In many small towns, people have been ransacking shops and looting their contents.
Sat, 21 Feb 1998
General concerned over unrest
General concerned over unrest JAKARTA (JP): The newly appointed chief of the Army's Strategic Reserve Command (Kostrad), Lt. Gen. Prabowo Subianto, expressed concern yesterday over the continuing social unrest as many areas remained tense.
Sat, 21 Feb 1998
Australia to keep strict immigration rules
Australia to keep strict immigration rules CANBERRA (AP): The Australian government rejected suggestions yesterday it should relax immigration laws and allow low-skilled Indonesian workers temporary entry as shelter from Indonesia's economic crisis.
Sat, 21 Feb 1998
Aniston's 'Picture Perfect' focuses on love
Aniston's 'Picture Perfect' focuses on love JAKARTA (JP): Valentine's is now past, but Cupid's arrow may still be in your future.Still reason for caution, however, as grand celebrations with a new or old love interest may no longer be advisable in this economic crunch.
Sat, 21 Feb 1998
Govt to reimburse remaining depositors of 16 closed banks
Govt to reimburse remaining depositors of 16 closed banks JAKARTA (JP): After four months of uncertainty, customers of 16 banks closed by the government last year waiting to recover deposits can now rest assured that their money is safe.
Sat, 21 Feb 1998
Union calls for urgent reform of PT Jamsostek
Union calls for urgent reform of PT Jamsostek JAKARTA (JP): Labor leaders blasted yesterday state-owned insurance company PT Jamsostek, which has collected billions of rupiah in workers' contributions, for failing its clients in this time of need.
Sat, 21 Feb 1998
Asia currencies ease as intervention hopes fade
Asia currencies ease as intervention hopes fade SINGAPORE (Reuters): Asian currencies were weak but off their lows yesterday as hopes of intervention by the Group of Seven (G-7) to shore up Asia's ailing currencies diminished.U.S.
Sat, 21 Feb 1998
PSSI believes report on collusion practices
PSSI believes report on collusion practices JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) believes practices of collusion between referees and clubs exist.PSSI spokesman Tondo Widodo said Thursday an association investigative team headed by Adang Ruchiatna uncovered alleged collusive...
Sat, 21 Feb 1998
Stock prices end lower on profit taking
Stock prices end lower on profit taking JAKARTA (JP): After four days of consecutive gains, stock prices on the Jakarta Stock Exchange (JSX) ended 0.2 percent lower yesterday on profit taking by local investors, brokers said.
Sat, 21 Feb 1998
Aneka Tambang brings in 15 new mining COWs
Aneka Tambang brings in 15 new mining COWs JAKARTA (JP): Publicly listed mining company PT Aneka Tambang has received 15 new mining contracts of work (COWs) covering 2.4 million hectares in joint ventures with foreign investors.
Sat, 21 Feb 1998
Rumors of a riot put Tangerang on edge
Rumors of a riot put Tangerang on edge TANGERANG (JP): Hundreds of stores and supermarkets in this town on the capital's outskirts closed in the early morning yesterday after the area was rocked by rumors of a massive riot.
Sat, 21 Feb 1998
Rain or shine, business as usual at Bandung bars
Rain or shine, business as usual at Bandung barsBy Kafil Yamin BANDUNG (JP): Night shadows fell and the heavy rain had just petered out. Barely 20 minutes later, all the executive rooms of the BIO Karaoke & Bar on Jl. Soekarno-Hatta were occupied.It was a full house.
Sat, 21 Feb 1998
Jambi to deport two foreigners
Jambi to deport two foreigners JAMBI, Jambi: The immigration office here is to deport today a Malaysian and a Singaporean who misused their tourist visas to proselytize Taoism in the province.Antara reported yesterday that the two foreigners were identified as Yap Eng Jo, 33, a Malaysian, and Toh...
Sat, 21 Feb 1998
Plans to disrupt MPR session uncovered
Plans to disrupt MPR session uncovered JAKARTA (JP): City police chief Maj. Gen. Hamami Nata announced yesterday that documentary evidence had been found of plans to disrupt next month's General Session of the People's Consultative Assembly.
Sat, 21 Feb 1998
Strong quake rocks Ambon
Strong quake rocks Ambon AMBON, Maluku: An earthquake measuring 6.0 on the Richter scale was felt here and on surroundings islands yesterday, but there were no immediate reports of casualties, Antara said.
Sat, 21 Feb 1998
Alleged robber dies after drinking insecticide
Alleged robber dies after drinking insecticide JAKARTA (JP): An alleged robber, who tried to commit suicide Thursday after a man died during a bungled robbery at Naga super store in Pondok Gede Plaza, Bekasi, died early yesterday.
Sat, 21 Feb 1998
RI can maintain ethnic unity: China
RI can maintain ethnic unity: China BEIJING (Reuters): China said on Thursday it believed Indonesia could keep ethnic unity and deal with its economic crisis which has led to anti-Chinese riots."The Indonesian government is working hard to rebuild its economy, and we believe the Indonesian...
Sat, 21 Feb 1998
Japan's business leaders cool on Jakarta's CBS plan
Japan's business leaders cool on Jakarta's CBS plan TOKYO (AFP): The president of the Indonesian Chamber of Commerce and Industry (Kadin), Aburizal Bakrie, asked his Japanese counterpart yesterday whether Tokyo could help out if Jakarta runs out of hard currency to support a currency peg, an...
Sat, 21 Feb 1998
Air pressure, not temperature
Air pressure, not temperature A The Jakarta Post' article on Feb. 18, page 3, "Monsoon forecast to end next month," refers to an interview with Sri Diharto (director general of the Meteorology and Geophysics Agency, MGA).
Sat, 21 Feb 1998
House urges govt to help reduce newsprint price
House urges govt to help reduce newsprint price JAKARTA (JP): The House of Representatives has urged the government to rescue print media from bankruptcy by helping bring down the price of newsprint.Aisyah Amini, who chairs House Commission I for politics, security, defense and law, told a group of...