Archive: 23 February 1998
49 articles found
Mon, 23 Feb 1998
Message from the Publisher
Message from the Publisher Approximately a month ago The Jakarta Post implemented several cost-efficiency measures -- including the reduction of the number of pages of the newspaper from 16 to 12 pages -- to eliminate financial losses caused by shrinking advertising revenue and rising newsprint...
Mon, 23 Feb 1998
Sea dollars a floatable idea
Sea dollars a floatable idea During the present monetary crisis, several facts have come to the surface. Hopefully, the crisis has taught hard lessons to all concerned.In the era of globalization, our interdependence has been established beyond any doubt.
Mon, 23 Feb 1998
Landslide kills two girls
Landslide kills two girls WONOSOBO, Central Java: A landslide in Larangan Kaliwiro village buried alive two girls, seriously injured their mother and a 70-year-old man last Friday, Antara reported Saturday.
Mon, 23 Feb 1998
ASEAN talks with Japan, S'pore, Taiwan on rejuvenation fund
ASEAN talks with Japan, S'pore, Taiwan on rejuvenation fund KUALA LUMPUR (AFP): The Association of Southeast Asian Nations (ASEAN) is to consider plans for a regional rehabilitation fund which Malaysia has discussed with Japan, Singapore and Taiwan, newspapers reported Saturday.
Mon, 23 Feb 1998
Govt 'must apologize' to people for crisis
Govt 'must apologize' to people for crisisBy Asip Agus Hasani YOGYAKARTA (JP): Prominent sociologist Loekman Soetrisno believes that an open apology from the government for the economic and social crisis hitting the country would appease the public's outrage over skyrocketing prices and shortages...
Mon, 23 Feb 1998
RI plywood industries suffer under Asian woes
RI plywood industries suffer under Asian woesBy Sylvia Gratia M. Nirang JAKARTA (JP): The monetary turmoil affecting several Asian countries has significantly cut demand for plywood in overseas markets, and might slowly kill Indonesia's plywood industries.
Mon, 23 Feb 1998
BI to provide special loans to poultry farmers
BI to provide special loans to poultry farmers JAKARTA (JP): Bank Indonesia, the central bank, plans to provide special credit to help the country's financially troubled poultry farmers.The Ministry of Agriculture said over the weekend that the special credit facilities would be provided to small...
Mon, 23 Feb 1998
Soaring prices hit transportation sector
Soaring prices hit transportation sector JAKARTA (JP): Thousands of public transportation vehicles have stopped operating due to soaring prices of automobile spare parts resulting from the economic crisis.
Mon, 23 Feb 1998
A personal computer for those who still have dollars to burn
A personal computer for those who still have dollars to burnBy Zatni Arbi JAKARTA (JP): First, when business has ground down to a snail's pace, what is the most ideal thing that employers can do in addition to keeping their employees on the payroll? Those who can still afford it should, of course,...
Mon, 23 Feb 1998
Man dies on bus, passengers panic
Man dies on bus, passengers panic JAKARTA (JP): The death of a 77-year-old man on an intercity bus Saturday sent other passengers into a panic, forcing the driver to stop at Cawang tollgate so those on board could get off.
Mon, 23 Feb 1998
Rival automakers stall Ford's comeback bid
Rival automakers stall Ford's comeback bid MANILA (AFP): Ford Motor Co.'s request for incentives to build a 6.18-billion-peso (US$154-million) integrated facility in the country has been stalled by opposition from rival car manufacturers, industry sources said yesterday.
Mon, 23 Feb 1998
Singapore acts on maid abuse
Singapore acts on maid abuse SINGAPORE (AFP): Singapore's government is backing a bill in parliament proposing an increase of up to 10 and a half years in jail for employers who abuse their maids, a newspaper reported yesterday.
Mon, 23 Feb 1998
Confusion over RI's peg plan keeps marts mixed
Confusion over RI's peg plan keeps marts mixed SINGAPORE (AFP): Confusion over Indonesia's proposal to peg its beleaguered rupiah despite stern warnings from industrialized nations will keep Asian market sentiment mixed this week, analysts said.
Mon, 23 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:45 Cartoon: The Big Valley 3:10 TV Drama: Kabar Gembira 3:35 Belief in God The Almighty 4:00 Regional News 4:30 Health Program: Keputihan pada Wanita 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Documentary: Candi Cangkuang dan Kampung Pulo 6:00 News:...
Mon, 23 Feb 1998
Japan strives to protect its investments in RI
Japan strives to protect its investments in RI TOKYO (AFP): As the crisis in Indonesia deepens, Japan is moving to protect its firms struggling to do business in one of its most important investment targets in Asia.
Mon, 23 Feb 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Art Exhibition: Trisani by P. Lanny Adriani, Idran Yusuf, Gunawan Hanjaya, in the Regent Jakarta, Jl. H.R. Rasuna Said, Kuningan, South Jakarta, until Feb. 27. * Painting Exhibition: Pesona Jepang, by David Leon, Elisha, Lie Tjoen Tjai, Rudolf G.
Mon, 23 Feb 1998
Stock trading to remain inconsistent this week
Stock trading to remain inconsistent this week JAKARTA (JP): Stock trading on the Jakarta Stock Exchange (JSX) is expected to remain volatile this week due to uncertainty over the planned currency board system and the tense political situation, securities analysts said.
Mon, 23 Feb 1998
KL steps up patrols to check immigrant influx
KL steps up patrols to check immigrant influx KUALA LUMPUR (DPA): Malaysia will step up patrols of its coastal waters and alert villagers to act as "eyes and ears" to prevent an expected influx of Indonesians slipping into the country to seek work, news reports said Saturday.
Mon, 23 Feb 1998
Medicine suppliers told to speed up distribution
Medicine suppliers told to speed up distribution JAKARTA (JP): Governor Sutiyoso has urged medicine suppliers to help speed up the distribution of medicine supplies and avoid hoarding activities."I hope every supplier helps guarantee the distribution of medicines here.
Mon, 23 Feb 1998
A wise and daring decision
A wise and daring decision Pak Harto (President Soeharto) made a wise and daring decision in instructing the reimbursement of all funds to the depositors in the recently liquidated banks. It was wise because the government had no legal obligation to reimburse depositors of ailing banks.
Mon, 23 Feb 1998
Government cuts generic drug prices
Government cuts generic drug prices JAKARTA (JP): The government has cut generic drug prices by an average 34 percent after widespread complaints over soaring prices during the last few months.The Ministry of Health announced last week that the reduced prices would come into effect as of Feb. 18.
Mon, 23 Feb 1998
Emil has no plan to establish political force
Emil has no plan to establish political force SURABAYA (JP): Despite growing political stature accorded him by thousands who support his bid for the vice presidency, senior economist Emil Salim says he has no intention to build a political force."I am not supported by money, much less arms.
Mon, 23 Feb 1998
APEC holds inaugural talks with Europe
APEC holds inaugural talks with Europe PENANG, Malaysia (AFP): The Asia-Pacific Economic Cooperation (APEC) forum held inaugural talks with the European Commission (EC) here Saturday to promote mutual awareness in the area of products standards, officials said.
Mon, 23 Feb 1998
RI urged to take IMF medicine
RI urged to take IMF medicine LONDON (Agencies): Indonesia came under strong pressure from the Group of Seven (G-7) leading industrial nations over the weekend to carry out reforms stipulated under an IMF economic rescue package and to shelve its fixed peg plan.
Mon, 23 Feb 1998
Irian, PNG border obscure
Irian, PNG border obscure JAYAPURA, Irian Jaya: Residents of three villages bordering Irian Jaya and Papua New Guinea (PNG) have urged the two countries' governments to define the borderlines for their villages to prevent conflict.
Mon, 23 Feb 1998
Ramped CBS
Ramped CBS Having been a resident of Indonesia for the last 17 years, I would like to offer my suggestions with respect to the proposed Currency Board System (CBS) to establish a fixed exchange rate of Rp 5,000 to the U.S. dollar.
Mon, 23 Feb 1998
Crux of the crisis lies beyond economics
Crux of the crisis lies beyond economicsBy Makmur Keliat SURABAYA (JP): The idea of adopting a currency board system (CBS) has become a contentious issue. The bone of contention can be formulated in the following way.
Mon, 23 Feb 1998
House denies reports of free foodstuff
House denies reports of free foodstuff JAKARTA (JP): The secretary-general's office of the People's Consultative Assembly (MPR) and the House of Representatives (DPR) yesterday denied reports that legislators would distribute free but limited basic foodstuff today.
Mon, 23 Feb 1998
Firm told to stop coal mining project in Kutai
Firm told to stop coal mining project in Kutai JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo has ordered PT Taraco Mining and its contractor PT Geoid Reksa Bumi to stop exploring for coal in Kutai National Park, East Kalimantan.
Mon, 23 Feb 1998
APEC business travel card to include HK, Chile
APEC business travel card to include HK, Chile PENANG, Malaysia (AFP): The Asia-Pacific Economic Cooperation (APEC) forum agreed yesterday to expand the trial of a regional business travel card from Australia, South Korea and the Philippines to Chile and Hong Kong."Today was in a sense momentous.
Mon, 23 Feb 1998
Private companies as debtors
Private companies as debtorsFrom KompasI am a layman when it comes to economic matters but I feel attracted to the analysis presented by economic expert and observer Kwik Kian Gie, published by Kompas on Jan. 19.
Mon, 23 Feb 1998
Korea's per capita GDP sinks
Korea's per capita GDP sinks SEOUL (AFP): South Korea's per capita GDP is expected to fall to US$6,600 this year from $10,548 in 1996 due to the sharply devalued won and the ongoing economic slowdown, a private think tank said over the weekend.
Mon, 23 Feb 1998
Food prices down in several towns: Report
Food prices down in several towns: Report JAKARTA (JP): The government's efforts to lower the prices of basic commodities by selling directly to the public has shown positive results, a media report said yesterday.
Mon, 23 Feb 1998
Smog blankets C. Kalimantan
Smog blankets C. Kalimantan MUARA TEWEH, Central Kalimantan: Thick smog believed to be caused by forest fires has covered the area of Barito Utara regency here for more than a week.Antara reported Saturday that smog in the regency town here, 350 kilometers north of capital Palangka Raya, was so...
Mon, 23 Feb 1998
KL's currency plan 'agreed'
KL's currency plan 'agreed' KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad said over the weekend that some Southeast Asian countries have expressed support for a plan to conduct trade in regional currencies.
Mon, 23 Feb 1998
Plan to build triple-tier transit system welcomed
Plan to build triple-tier transit system welcomed JAKARTA (JP): City councilors have hailed the plan to push ahead with the long-awaited construction of the triple-tier transit system, linking Bintaro in South Jakarta and Kota in West Jakarta.
Mon, 23 Feb 1998
NU says hoarding of goods against Islamic teaching
NU says hoarding of goods against Islamic teaching JAKARTA (JP): Hoarding of essential commodities during an economic crisis is illegal according to Islamic law, a leader of the country's largest Moslem organization said over the weekend.
Mon, 23 Feb 1998
Limited firms ordered to publish financial reports
Limited firms ordered to publish financial reports JAKARTA (JP): The government has issued a regulation requiring Indonesian businesses to publish their annual financial reports, in a move to improve the country's much-criticized lack of corporate public disclosureImproving transparency is also...
Mon, 23 Feb 1998
Ray White Casablanca launched
Ray White Casablanca launched JAKARTA (JP): Realtor Ray White Indonesia inaugurated its 14th office in the country yesterday on Jl. Dr. Satrio in South Jakarta.The company's chief executive officer, Johann Boyke Nurtanio, said his company, a franchise of Ray White Australia, was planning to open 26...
Mon, 23 Feb 1998
U.S. pledges to aid SE Asia
U.S. pledges to aid SE Asia SINGAPORE (AFP): The United States has reiterated its commitment to help Southeast Asia recover from its financial crisis, a statement from a meeting of U.S. ambassadors said.
Mon, 23 Feb 1998
10,490 Karens to be moved
10,490 Karens to be moved BANGKOK (AFP): The Thai army begins moving 10,490 Karen refugees today from camps next to Salween national park in a bid to curb illegal logging, army officers said.The refugees from Myanmar are believed to be heavily involved in the logging trade, which has come under...
Mon, 23 Feb 1998
Boeing to produce in Russia
Boeing to produce in Russia MOSCOW (AFP): Giant U.S. planemaker Boeing is to press ahead with plans to produce aircraft and engines in Russia, the Seattle-based firm's European sales director Kostya Zolotusky told Interfax over the weekend.
Mon, 23 Feb 1998
Investigators baffled over why CAL plane crashed
Investigators baffled over why CAL plane crashed TAIPEI (AFP): Investigators were stymied yesterday over why a China Airlines Airbus crashed into a row of houses six days ago killing 202 people, despite the recovery of initial data from one of the plane's "black boxes.
Mon, 23 Feb 1998
Depositors reimbursed
Depositors reimbursed Another potential source of social unrest was defused after the government decided last week to use Rp 3.1 trillion (US$344.4 million) in taxpayers' money to reimburse all depositors of the 16 insolvent banks closed last November.
Mon, 23 Feb 1998
City 'should optimize' bylaw on population
City 'should optimize' bylaw on population JAKARTA (JP): Minister of Home Affairs Yogie S.M. urged the city administration yesterday to strictly enforce the existing city bylaw on population, instead of making a new law to cope with the city's overwhelming population.
Mon, 23 Feb 1998
CBS application requires great care
CBS application requires great care I fully agree with Emil Salim, who has said that a currency board system (CBS) must be applied with great care and not rushed hastily into operation.In considering any such system, we must remember the agreement that we have entered into with the International...
Mon, 23 Feb 1998
Accountability in the CBS issue
Accountability in the CBS issueBy Frans Seda JAKARTA (JP): Currency board systems may share the same acronym with confidence building systems, but the two are nevertheless distinct entities. They do however fall upon each other in the current economic crisis.
Mon, 23 Feb 1998
Thousands stranded
Thousands stranded SEMARANG, Central Java: Thousands of passengers were left stranded here yesterday as drivers in the city bus terminal went on strike to protest the soaring prices of auto parts.Authorities mobilized dozens of trucks and buses from government offices bound for Surakarta,...
Mon, 23 Feb 1998
Students meet Bogor mayor to express their concern
Students meet Bogor mayor to express their concern BOGOR (JP): A 14-strong delegation of Bogor Institute of Agriculture (IPB) students went to the Bogor mayoralty office Saturday to express their concern about events arising from the monetary crisis.