Archive: 6 February 1998
58 articles found
Fri, 06 Feb 1998, 00:00 WIB
'Spend, God will send': Idul Fitri gives new hope
'Spend, God will send': Idul Fitri gives new hope By Kafil Yamin BANDUNG (JP): The pomp and excitement of Idul Fitri is nearly over and hardship looms. Pocketbooks are empty, and it is hard to see a guaranteed income in the bleak future. Lebaran celebrations this year were as gay and exuberant as ever. What was different was the way households were managing their cash flow -- they spent it all. "Normally, we would still have one or two million rupiah left after Lebaran.
Fri, 06 Feb 1998, 00:00 WIB
Liquidated bank's offices sealed in surprise move
Liquidated bank's offices sealed in surprise move JAKARTA (JP): The remaining employees of the now-defunct Bank Harapan Sentosa (BHS) found their West Jakarta offices sealed with a notice barring their entrance yesterday. The front doors of the BHS headquarters on Jl. Gajah Mada and one of its branches at the nearby Gajah Mada Plaza shopping center were sealed with a notice stating the properties were now under the authority of PT ASABRI.
Fri, 06 Feb 1998, 00:00 WIB
Police given right to investigate graft cases
Police given right to investigate graft cases JAKARTA (JP): A joint informal forum of law enforcement agencies agreed yesterday to allow the police to investigate corruption cases, a task which has been "monopolized" by the Attorney General's Office for the past 27 years. Minister of Justice Oetojo Oesman said after a meeting with Chief Justice Sarwata, National Police Chief Gen. Dibyo Widodo and Attorney General Singgih that details of the agreement would be discussed further.
Fri, 06 Feb 1998, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibition * Painting Exhibition: Journey by Parvathi Nayar Nayaran at The New Age Bar, Jl. Wahid Hasyim 112, Central Jakarta, 6:30 p.m. to 1:30 a.m., until March 23. Film * Japanese Film, at Pusat Kebudayaan Jepang - The Japan Cultural Foundation, Summitmas I, 2nd-3rd fl., Jl. Sudirman Kav 61-62, South Jakarta: Tokyo Monogatari (A Story From Tokyo), at 4 p.m. to 6:15 p.m., Feb. 12, 7 p.m. to 9:15 p.m., Feb. 13. Higanbana, at 7 p.m. to 8:58 p.m., Feb. 12, 4 p.m.
Fri, 06 Feb 1998, 00:00 WIB
Indonesian baby caught in NZ legal wrangle
Indonesian baby caught in NZ legal wrangle AUCKLAND, New Zealand (AP): A nameless infant without a country is caught in a legal limbo, the outcome of a baby smuggling case that has seen one American woman jailed and two other people still to stand trial. The baby was bought for $350 (NZ$620) in Indonesia last year as part of an elaborate plan by two American woman to give one of them a child of her own.
Fri, 06 Feb 1998, 00:00 WIB
Palm oil little changed at Euro veg oil opening
Palm oil little changed at Euro veg oil opening LONDON (Reuters): Opening palm oil offers were little changed in Europe yesterday morning despite the limit-down close in Malaysia. The Malaysian palm oil futures market closed the extended, 100 ringgit, limit-down mainly on currency factors. News that Indonesia may soon review it's ban on crude and refined palm oil exports had little impact in Europe. "For too long the market has been moving on rumors and comments in the Indonesian press.
Fri, 06 Feb 1998, 00:00 WIB
Friends confident Sofjan will return for probe
Friends confident Sofjan will return for probe JAKARTA (JP): Firdaus Wadjdi, the chairman of the Indonesian National Shipowners Association, said yesterday he believed that businessman Sofjan Wanandi would return from abroad on time to answer any police summons. Firdaus, who fought alongside Sofjan during their student days in 1966 to bring down President Sukarno, said he did not think Sofjan was capable of defying the police. "I know Sofjan very well.
Fri, 06 Feb 1998, 00:00 WIB
Hassle-free motoring a treat for Jakartans
Hassle-free motoring a treat for Jakartans JAKARTA (JP): Most major thoroughfares in the city remain deserted and many businesses have not resumed activities although yesterday marked the sixth day after Idul Fitri. Jakarta's trademark hustle and bustle is expected to return to normal Monday, which also marks the "official" end to a restriction on price increases for groceries. Streets such as Jl. MH Thamrin, Jl. Sudirman, Jl. Gatot Subroto, Jl. Daan Mogot, Jl. Gadjah Mada and Jl.
Fri, 06 Feb 1998, 00:00 WIB
Indonesia delays rice shipments from Thailand
Indonesia delays rice shipments from Thailand BANGKOK (Reuters): Indonesia has delayed taking delivery of shipments of around 100,000 tons of Thai rice due to problems with its letters of credit following its announcement of a temporary freeze on corporate debt repayments, traders said yesterday. Shipments would be delayed by two to five months, they said. "If Indonesia's debt situation does not improve, we can expect more rescheduling of shipments," said one trader.
Fri, 06 Feb 1998, 00:00 WIB
Wolfensohn is no Pronk
Wolfensohn is no Pronk World Bank president James Wolfensohn held a special meeting yesterday (Wednesday) with a number of prominent opposition figures. The enthusiasm for the meeting, on the part of the Indonesians, was considerable. Wednesday's forum at the Regent Hotel, Jakarta, was reminiscent of a similar meeting opposition members held with Holland's minister of economic cooperation, Pronk, several years ago.
Fri, 06 Feb 1998, 00:00 WIB
U.S. cotton exports to RI not at risk after Aussie pact
U.S. cotton exports to RI not at risk after Aussie pact WASHINGTON (Reuters): U.S. cotton exports to Indonesia will not waiver even though Australia is providing trade assistance for its own exports to the Asian country, industry officials said Wednesday. If anything, such a move may help U.S. markets if it boosts the economy in Indonesia, Neal Gillen, Executive Vice President of the American Cotton Shippers Association, said.
Fri, 06 Feb 1998, 00:00 WIB
Departure tax hike
Departure tax hike From Bisnis Indonesia I wonder what provides the rationale for a fourfold increase in the departure tax. During this protracted economic crisis, people have looked to the government to create incentives for recovery. Why then has this decision, which obstructs economic revival, been taken? Is it correct that preventing people from traveling abroad will yield a greater benefit than removal of all such restrictions?
Fri, 06 Feb 1998, 00:00 WIB
Forest fires threaten research center
Forest fires threaten research center BALIKPAPAN, East Kalimantan (JP): The spreading forest fires in the Kutai National Park near here are threatening a rare species research center, an official said yesterday. Warsito, the head of the national park located 180 kilometers north of here, told The Jakarta Post that the fires had been spreading fast despite the efforts of park rangers and the local community to contain them.
Fri, 06 Feb 1998, 00:00 WIB
Rupiah weakens slightly as stocks decline
Rupiah weakens slightly as stocks decline JAKARTA (JP): The rupiah weakened again yesterday on fears that recent riots in towns in Java and Sulawesi would spread to other major towns in the country. The rupiah, which burst upward to below 9,000 against the U.S. dollar Wednesday, lost footing to close at 9,400/9,700. Currency dealers said that if the riots spread to major cities, the country's ailing economy would worsen.
Fri, 06 Feb 1998, 00:00 WIB
Rebel sympathizers jailed in Aceh
Rebel sympathizers jailed in Aceh BANDA ACEH, Aceh: Three sympathizers of the Aceh separatist movement were sentenced to between three and four years in jail by the district court here yesterday. The court found Rusli, 22, M. Yusuf, 31, and T. Abdullah guilty of subversion and sentenced them to three and half years, three years, and four years imprisonment respectively .
Fri, 06 Feb 1998, 00:00 WIB
USDA seeks options for Asia
USDA seeks options for Asia WASHINGTON (Reuters): Agriculture Undersecretary Gus Schumacher said Wednesday the Agriculture Department was exploring "several options" to maintain U.S. farm exports to South Korea and Southeast Asia. In testimony for a House Agriculture subcommittee, Schumacher said options included additional export credits to South Korea later this year, PL-480 wheat sales to Indonesia and larger use of supplier credit guarantees to aid sales of high value products.
Fri, 06 Feb 1998, 00:00 WIB
Social security fund should be repaid to the workers: Expert
Social security fund should be repaid to the workers: Expert YOGYAKARTA (JP): The Rp 6 trillion (about US$600 million) state social security fund should be repaid to the workers who contributed to it to help alleviate their hardship in this time of crisis, an expert has proposed. Tadjuddin Noer Effendi, an advisor to the minister of manpower, said Wednesday that as millions of workers had already lost and more would lose their jobs, the cash would mean a lot to them.
Fri, 06 Feb 1998, 00:00 WIB
Gus Dur recovering, may be discharged from hospital soon
Gus Dur recovering, may be discharged from hospital soon JAKARTA (JP): Nahdlatul Ulama (NU) leader Abdurrahman Wahid, who has spent more than two weeks in hospital recovering from a stroke, may be discharged soon. Hermansyur Kartowisatro, deputy chairman of the Cipto Mangunkusumo General Hospital in Central Jakarta where Abdurrahman is being treated, said yesterday that the 57-year-old Moslem leader was doing fine.
Fri, 06 Feb 1998, 00:00 WIB
TV awards panel honors Asian programs with pizzazz
TV awards panel honors Asian programs with pizzazz By Yogita Tahil Ramani JAKARTA (JP): Informative TV stories are almost always surefire ratings winners. But programs inevitably do even better with audiences when packaged in original, entertaining concepts. This was among criteria for 25 judges from nine countries, who visited six cities in the region to screen and select winners in the Asian Television Awards 1997 (ATA).
Fri, 06 Feb 1998, 00:00 WIB
Producers vow to delay price rises
Producers vow to delay price rises JAKARTA (JP): Major producers, distributors and retailers have again pledged to freeze their prices of some basic food essentials until the end of March. Minister of Industry and Trade Tunky Ariwibowo said yesterday that State Logistics Agency chief Beddu Amang and leaders of associations of food and beverage companies renewed a pledge during a Wednesday night meeting to keep the prices of basic food staples at their current level.
Fri, 06 Feb 1998, 00:00 WIB
WB president arrives in Manila
WB president arrives in Manila MANILA (AFP): World Bank president James Wolfensohn arrived here yesterday for a visit as part of a tour of countries hit hard by the Asian financial crisis. Wolfensohn is scheduled to meet with Philippine President Fidel Ramos later Thursday at the presidential palace. He met with Filipino businessmen at a Manila hotel shortly after his arrival from Jakarta.
Fri, 06 Feb 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb.5, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 650 -50 1,500 AHAP Insurance 350 0 0 Alter Abadi 450 175 862,000 Alumindo Light Metal 350 50 2,784,000 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 650 -25 785,000 Aneka Tambang 1,850 -50 12,048,500 Anwar Sierad 225 25 1,226,000 Apac Centertex Corp.
Fri, 06 Feb 1998, 00:00 WIB
People's demands
People's demands From Merdeka Going back in history, 32 years ago the Indonesian Communist Party (PKI) was blamed for setting off a chain of events, which ultimately was to bring the Indonesian nation to its knees. Then, the New Order emerged. People said there would be new arrangements, new moral values, a new spirit, and many other new things. Now, after 30 years, the little people are asked to tighten their belts and live a simple and frugal life.
Fri, 06 Feb 1998, 00:00 WIB
Bogus group dupes 'MTV' fans
Bogus group dupes 'MTV' fans JAKARTA (JP): Unsuspecting MTV fans have been swindled out of hundreds of thousands of rupiah in a scam run by a group claiming affiliation with the music television station, MTV Asia marketing manager Daniel Tumewu said yesterday.
Fri, 06 Feb 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Paket 27 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Development Program: Parlementaria 8:05 Music: Seriosa 9:00 World News 9:30 Music: Keroncong 10:30 Late News 10:40 TV...
Fri, 06 Feb 1998, 00:00 WIB
Soeharto holds talks with Bolkiah and Anwar
Soeharto holds talks with Bolkiah and Anwar JP/oby, JP/alx JAKARTA (JP): President Soeharto held separate talks with Sultan of Brunei Hassanal Bolkiah and Malaysia's Deputy Prime Minister Anwar Ibrahim at his residence on Jl. Cendana here yesterday. Officials refused to give details of either meeting. They only said the three leaders focused on the economic crisis blighting the region. Journalists were not allowed to cover the talks between Anwar and Soeharto.
Fri, 06 Feb 1998, 00:00 WIB
Police arrest teenager for robbing and killing grandpa
Police arrest teenager for robbing and killing grandpa JAKARTA (JP): A 16-year-old boy has been arrested for allegedly robbing and killing his 82-year-old grandfather, a police officer said yesterday. East Jakarta Police Precinct chief Lt. Col. Syahrir Kuba said the suspect, Rudi Hutagoal, was arrested in Cakung, North Jakarta, a few hours after the incident Wednesday.
Fri, 06 Feb 1998, 00:00 WIB
Radar malfunction delays Garuda flights
Radar malfunction delays Garuda flights JAKARTA (JP): The radar system at Soekarno-Hatta International airport malfunctioned again for an hour yesterday causing some delays of domestic and international flights, an airline source said. An employee of Malaysia Airlines said one of its flights which supposed to take off at 11 a.m. was delayed an hour because of the radar malfunction. The radar first malfunctioned Wednesday night after being struck by lightning, causing long flight delays.
Fri, 06 Feb 1998, 00:00 WIB
Mar'ie's extended break sparks uproar at House
Mar'ie's extended break sparks uproar at House JAKARTA (JP): Minister of Finance Mar'ie Muhammad's "too long" a time-out without permission during a hearing session yesterday sparked a bitter protest from legislators. Mar'ie took a 30-minute break while he was supposed to be hearing legislators comments on the revised 1998/1999 state budget.
Fri, 06 Feb 1998, 00:00 WIB
Indonesian timber firm loses concession
Indonesian timber firm loses concession PHNOM PENH (AFP): The Cambodian government has canceled the largest-single timber concession in the country belonging to a major Indonesian logging company, a report said yesterday. Micro Panin had its 1.4 million hectare (3.45 million acre) concession terminated on Dec. 31 because it failed to implement its logging plan on schedule, the Cambodia Daily newspaper said citing forestry officials.
Fri, 06 Feb 1998, 00:00 WIB
Minister wants gas price to be renegotiated
Minister wants gas price to be renegotiated JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana has asked the state's electricity company PLN and distribution company PGN to renegotiate the gas prices with state oil and gas company Pertamina and its production sharing contractors. Sudjana said the monetary crisis had made it difficult for companies like PLN and PGN to continue buying natural gas from Pertamina in dollars at the current rate.
Fri, 06 Feb 1998, 00:00 WIB
Rupiah travel limit raised
Rupiah travel limit raised JAKARTA (JP): The government has raised the limit on the amount of rupiah travelers may carry with them when leaving and entering the country to Rp 5 million (US$526), up from the unrealistic amount of Rp 50,000. The new government regulation, which took effect last Monday, stipulates that travelers who wish to carry more than Rp 5 million only need to submit a form at the central bank, Bank Indonesia.
Fri, 06 Feb 1998, 00:00 WIB
C. Java rioters surrender loot
C. Java rioters surrender loot REMBANG, Central Java (JP): Dozens of people who rioted in this regency recently have voluntarily relinquished their loot under an amnesty, officials and residents said yesterday. The villagers surrendered their booty to their respective village or police chiefs who promised to return the goods to their rightful owners. Rembang Regent Wachidi Rijono said that people who voluntarily returned their plunder and repented would not be prosecuted.
Fri, 06 Feb 1998, 00:00 WIB
Political ceteribus paribus and the national leadership
Political ceteribus paribus and the national leadership By Hermawan Sulistyo JAKARTA (JP): A political scenario is based on political realities, subject to a condition that everything outside politics remains constant. This condition could be termed political ceteris paribus, a concept borrowed from economics, referring to a linear projection of events outside the focus of study. In a previous article about the increasing role of the next vice president, No room for political utopia in the Jan.
Fri, 06 Feb 1998, 00:00 WIB
Asia faces up to economic contraction
Asia faces up to economic contraction SINGAPORE (Reuters): The previously unthinkable is happening in Asia. As the financial crisis bites, growth in the region which not long ago boasted some of the world's fastest expanding economies is starting to slow down -- fast. Indeed, in 1998, some economies are almost certain to contract. The massive drops in regional currencies are forcing governments to tighten their purse-strings and cut back on big projects such as infrastructure development.
Fri, 06 Feb 1998, 00:00 WIB
Policies caused food price hikes
Policies caused food price hikes Drastic increases in the cost of basic needs and a shortage in their supply has led to riots in several towns in Java and Sulawesi. H.S. Dillon, executive director of the Center for Agriculture Policy Studies, speculates on how agricultural policies may have contributed to this. Question: Do you think the rise in prices of basic needs that presumably triggered recent riots is caused by the monetary crisis or a short supply of basic commodities?
Fri, 06 Feb 1998, 00:00 WIB
Fire razes 20 boats
Fire razes 20 boats BATAM, Riau: At least 20 boats belonging to fishermen from Meral village in Tanjungbalai Karimun regency were destroyed in a fire Wednesday night, Antara reported yesterday. West Riau police chief Lt. Col. Yose Rizal said the cause of the fire was still unknown and that no casualties were reported from the incident. The news agency quoted witnesses as saying a huge explosion sent a fireball high into the sky during the conflagration. (aan)
Fri, 06 Feb 1998, 00:00 WIB
Government vows to speed up labor intensive projects
Government vows to speed up labor intensive projects JAKARTA (JP): The government said yesterday it would speed up the implementation of projects designed to provide work for millions of people left jobless by the recession. These labor-intensive projects must be carried out immediately in order to provide these people with income, Minister of Manpower Abdul Latief told reporters after meeting President Soeharto at the latter's Jl. Cendana residence.
Fri, 06 Feb 1998, 00:00 WIB
Bulog to continue to stabilize sugar, wheat flour prices
Bulog to continue to stabilize sugar, wheat flour prices JAKARTA (JP): The State Logistics Agency (Bulog) will continue its sugar and wheat flour market intervention to help stabilize prices despite the abolishment of its import and distribution monopolies on the two commodities.
Fri, 06 Feb 1998, 00:00 WIB
Soft dollar helps poor Asian currencies
Soft dollar helps poor Asian currencies SINGAPORE (Reuters): Asian currencies firmed on the back of a lower U.S. dollar on Thursday as activity dwindled to commercial flows after the previous day's sharp falls caught many interbank traders short of dollars. Dealers said the dollar's drop to three-month lows against the yen overnight kept Asian currencies on relatively firm footing, but they showed little inclination to revisit recent highs.
Fri, 06 Feb 1998, 00:00 WIB
Revised budget tolerable: House member
Revised budget tolerable: House member JAKARTA (JP): Members of the House of Representatives yesterday expressed understanding over the government's decision to revise the 1998/1999 draft state budget. But the Indonesian Democratic Party (PDI) faction warned of the adverse impacts of the government's tough economic reforms taken to deal with the current economic crisis.
Fri, 06 Feb 1998, 00:00 WIB
High price to pay
High price to pay From Neraca Last December, I was assigned to conduct a week-long survey in Lombok, West Nusa Tenggara, in my capacity as a government employee. I was accompanying a consultant from a private company. We decided to look for accommodation at Senggigi Beach, known for its beautiful scenery. My colleague initially recommended that we stay at a star-rated hotel.
Fri, 06 Feb 1998, 00:00 WIB
Pertamina asked to stabilize fuel prices in all major cities
Pertamina asked to stabilize fuel prices in all major cities JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana has ordered state oil and gas company Pertamina to stabilize the fuel and lubricant market in all major Indonesian cities following reports of supply shortages and price increases.
Fri, 06 Feb 1998, 00:00 WIB
'WB should manage by example in Indonesia'
'WB should manage by example in Indonesia' The following is a statement made by 17 prominent NGO leaders, government critics and public figures present in a meeting with World Bank president James D. Wolfensohn in Jakarta Wednesday. JAKARTA: World Bank President James D. Wolfensohn's visit to East Asia provides the Bank with an excellent opportunity to move beyond rhetoric and lead by example in helping the countries of the region to overcome the financial crisis.
Fri, 06 Feb 1998, 00:00 WIB
Musical magic
Musical magic From Forum Keadilan I am sure all Indonesians can sing by heart our national anthem, Indonesia Raya. But I am not so confident they are aware of its philosophical meaning. A line from the anthem is: Bangunlah jiwanya, bangunlah badannya, untuk Indonesia Raya (develop their minds, develop their bodies, for great Indonesia). This contains a valuable philosophy and reflects what could be termed magical power. Composer W.R.
Fri, 06 Feb 1998, 00:00 WIB
Security guard killed in Bekasi
Security guard killed in Bekasi JAKARTA (JP): An on-duty security guard was bashed to death and his attackers ransacked the office of cellophane tape company PT Megavita in Tambun, Bekasi early yesterday morning. The victim, Sutarjo, 30, a resident of Jl. Toyogiri, Jatimulya in Bekasi died from severe head wounds and a loss of blood. Sutarjo, who had worked at the company for six months, was found laying on the floor of the security guards' room at 7 a.m. by a colleague, Abdullah.
Fri, 06 Feb 1998, 00:00 WIB
Police to deploy 16,500 officers to secure MPR
Police to deploy 16,500 officers to secure MPR JAKARTA (JP): At least 16,500 police will be deployed to secure next month's general session of the People's Consultative Assembly (MPR), city police chief Maj. Gen. Hamami Nata said yesterday. Hamami said the officers would function as the front tier of a security program which would be backed up by thousands of Army, Navy and Air Force personnel.
Fri, 06 Feb 1998, 00:00 WIB
Who speaks for U.S. on Asia policy?
Who speaks for U.S. on Asia policy? By Edward Neilan State, Treasury, Defense take turns but lack of single voice heard from Washington during financial crisis sows confusion. TOKYO (JP): The United States' failure to speak with a single authoritative voice to articulate its policy in Asia at a time of severe financial crisis is damaging America's image in the region. The mixed, confusing messages coming through have given Asians reasons to question American motives and leadership.
Fri, 06 Feb 1998, 00:00 WIB
Traffic accident kills 15 people
Traffic accident kills 15 people MEDAN, North Sumatra: Fifteen people died and almost two dozen were injured Wednesday when a truck crowded with passengers fell into a ravine in Pasir Mandoge village in the Asahan regency. North Sumatra police spokesman Lt. Col. Amrin Karim told Antara here yesterday that 22 people were injured in the accident. Amrin said the truck was on its way to Perdagangan village in Simalungun regency.
Fri, 06 Feb 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb.5, 1998 Buying Selling Rp Rp U.S.
Fri, 06 Feb 1998, 00:00 WIB
1997/1998 state budget revised
1997/1998 state budget revised JAKARTA (JP): The government has revised the 1997/1998 budget to Rp 132 trillion from its earlier projection of Rp 101 trillion due to the rupiah's steep depreciation against the U.S. dollar. Finance Minister Mar'ie Muhammad reported to the House of Representatives yesterday the current budget was estimated to end next month with a surplus of Rp 456 billion resulting from total revenues of Rp 132 trillion and total outlays of Rp 131.5 trillion.
Fri, 06 Feb 1998, 00:00 WIB
Sun Life ups insurance stake
Sun Life ups insurance stake JAKARTA (JP): Insurance company PT Asuransi Modern Sun Life announced yesterday that one of its shareholders the Sun Life Assurance Company of Canada had agreed to raise its stake in the firm from 60 percent to 80 percent. Asuransi Modern president James Van Harmelen said the Canadian firm's stake increase would boost Asuransi Modern's capital to Rp 50 billion (US$50 million), making it one of the biggest life insurance firms in Indonesia in terms of capital.
Fri, 06 Feb 1998, 00:00 WIB
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * It's not always possible to find an equivalent term when you hunt for one in English.
Fri, 06 Feb 1998, 00:00 WIB
Thai white sugar active on RI offtake
Thai white sugar active on RI offtake BANGKOK (Reuters): The Thai white sugar market was active amid offtake from Indonesia and confusion over domestic and export quotas, traders said. The white sugar premiums for March/May delivery edged up to $21.00-25.00 per tonne over London against the bid of $15-17 last week and are seen edging higher. Indonesia has sent ships to pick up substantial amounts of white sugar from Thailand since January.
Fri, 06 Feb 1998, 00:00 WIB
PDAM Jaya becomes private company
PDAM Jaya becomes private company JAKARTA (JP): Governor Sutiyoso is scheduled to sign an agreement today to privatize city-owned drinking water company PDAM Jaya, an official said yesterday. "Actually, the privatization was effective as of Feb. 1. So tomorrow (Friday) is only the official inauguration of the deal," Prawoto Danoemihardjo, the city's assistant for administrative and development affairs, said.
Fri, 06 Feb 1998, 00:00 WIB
Social safety net
Social safety net World Bank president James Wolfensohn was not exaggerating when he told analysts and leaders of non-governmental organizations here on Wednesday that the economic crisis now facing Indonesia has reached the point of life or death. But he also put his money where his mouth is by announcing a World Bank funded crash program, worth US$100 million, to create 75 million work-days of low wage jobs this year, through labor intensive projects.
Fri, 06 Feb 1998, 00:00 WIB
Stockbrokerages to move from JSX building
Stockbrokerages to move from JSX building JAKARTA (JP): A number of stockbrokerages plan to move from the Jakarta Stock Exchange (JSX) building to cheaper offices to escape soaring rental costs. Executives of the securities houses said yesterday the rental fees, set in U.S. dollars, were too expensive for them. The sharp fall in the rupiah against the greenback by over 75 percent since July caused sharp rental fee increases of over 300 percent in terms of rupiah, one of the executives said.
Fri, 06 Feb 1998, 00:00 WIB
Another lube oil hoarder arrested
Another lube oil hoarder arrested MAGELANG, Central Java: Police here arrested yesterday one more person suspected of hoarding lubricant oil. Local police chief Lt. Col. Harry Haryanto said the suspect was Tjong Yan, a well-known clove and tobacco businessman. Harry said Tjong had hoarded 359 drums of lubricant oil, or 159 drums more than the man from Magelang arrested Tuesday. Tjong was arrested at his residence with the hoard of lubricant oil worth Rp 215 million (US$21,500), Antara reported.