Archive: 10 March 1998
58 articles found
Tue, 10 Mar 1998, 00:00 WIB
Don't forget to pray
Don't forget to pray JAKARTA (JP): Armed Forces Chief of Sociopolitical Affairs Lt. Gen. Yunus Yosfiah said that Moslem Assembly members must not forget their duty to pray even amid the heavy schedule of their meetings. "You can have your meetings but never forget to pray," he was quoted by Antara as saying yesterday. He said that prayers were part of one's personal accountability to God. "When people pray they become more patient.
Tue, 10 Mar 1998, 00:00 WIB
Arbitration urged for compensation dispute
Arbitration urged for compensation dispute JAKARTA (JP): A legal expert called on the government yesterday to seek international arbitration if foreign investors sought compensation for projects canceled due to the economic crisis. Erman Rajagukguk, a lecturer at the University of Indonesia, said he was optimistic an international arbitration agency would rule in favor of Indonesia's decision to cancel certain projects in view of its economic difficulties.
Tue, 10 Mar 1998, 00:00 WIB
Asia-Pacific stock markets close mixed
Asia-Pacific stock markets close mixed HONG KONG (AFP): Asia-Pacific stock markets closed mixed yesterday amid jitters over Indonesia's standoff with the International Monetary Fund (IMF). Tokyo ended down 0.9 percent, hit by profit-taking, while concerns over Indonesia's evolving crisis saw Jakarta ease 3.2 percent, Singapore 2.1 percent, Kuala Lumpur 0.6 percent and Seoul 3.5 percent. Gainers included Hong Kong, Bangkok, Sydney and Taipei.
Tue, 10 Mar 1998, 00:00 WIB
TV today
TV today TVRI 7:00 a.m. Morning News 7:30 Talk Show 8:00 Breaking News 8:10 Music 8:50 Live Reports: The 10th Plenary Session of the People's Consultative Assembly and the Presidential Election. 11:00 TVRI News 11:15 Music 11:40 Profile: Paket Profil Politisi 12:00 p.m.
Tue, 10 Mar 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March 9, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 800 0 87,500 AHAP Insurance 400 0 0 Alter Abadi 500 -25 46,500 Alumindo Light Metal 325 0 79,500 Alumindo Perkasa 250 -25 2,000 Aneka Kimia Raya 575 0 11,500 Aneka Tambang 1,600 -25 2,037,500 Anwar Sierad 275 -25 222,500 Apac Centertex Corp.
Tue, 10 Mar 1998, 00:00 WIB
Soeharto reaffirms his election readiness
Soeharto reaffirms his election readiness JAKARTA (JP): President Soeharto sailed through a four- question interview last night with leaders of the People's Consultative Assembly to formally affirm his readiness to be renominated. Speaker of the Assembly Harmoko and his four deputies -- Lt. Gen.
Tue, 10 Mar 1998, 00:00 WIB
More food parcels given to the needy
More food parcels given to the needy TANGERANG (JP): Tire manufacturer PT Gajah Tunggal handed out 20,000 parcels consisting of five kilograms of rice, two kilos of sugar, one liter of cooking oil and one bottle of ketchup to the poor in Jatiuwung district here yesterday. Tangerang Mayor Djakaria Machmud, who oversaw the distribution of the parcels, said any donation amid the monetary crisis was warmly welcomed. A similar donation was made by Vihara Nirmmala Foundation on Jl.
Tue, 10 Mar 1998, 00:00 WIB
MPR endorses broad State Policy Guidelines
MPR endorses broad State Policy Guidelines JAKARTA (JP): The People's Consultative Assembly endorsed yesterday the 1998/2003 broad State Policy Guidelines which many critics say fail to anticipate a likely deepening of the economic crises. When presenting their final views in a plenary session, government factions in the Assembly -- Golkar, the Armed Forces (ABRI) and regional representatives -- approved the guidelines with optimistic comments.
Tue, 10 Mar 1998, 00:00 WIB
Album
Album Photo A: Jusuf Syakir JP/oby MAN IN THE NEWS: The United Development Party's Jusuf Syakir is surrounded by journalists. Jusuf has been one of the prominent newsmakers during the 11-day General Session. Photo B: Yell JP/oby HAIL FREEDOM: The Indonesian Democratic Party's Ismunandar raises his fists as he yells the revolutionary call of "Merdeka" (Freedom).
Tue, 10 Mar 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibitions * Photo Exhibition: Penghayatan Borobudur Sebagai Proses Visual by Heinz-Gnter Prager at the Galeri Soemardja, Art and Design Faculty of ITB, Jl. Ganesha 10, March 14-27. Discussion with Dr. Parwati Supangkat, March 18. * Traditional Antique and Unigue Goods Exhibition by Emfam Collections at the Lobby Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, through March 31. Music and Entertainment * Hotel Papandayan Jl. Gatot Subroto No.
Tue, 10 Mar 1998, 00:00 WIB
Singapore bankers cool on USDA plan
Singapore bankers cool on USDA plan SINGAPORE (Reuters): Singapore bankers reacted coolly to a U.S. Agriculture Department (USDA) plan to let banks in Singapore participate in a U.S. farm export loan guarantee program for Indonesia. In a move to help U.S. farm exports, USDA said last week it would allow banks in Singapore to participate in a program to offer loan guarantees for U.S. farm exports to Indonesia. "The idea is not bad, if things are operating normally.
Tue, 10 Mar 1998, 00:00 WIB
RI may collapse unless IMF reforms realized: Analysts
RI may collapse unless IMF reforms realized: Analysts JAKARTA (JP): Analysts said here yesterday Indonesia might be driven to the brink of collapse if it did not consistently implement the International Monetary Fund (IMF) reform package to improve its battered economy. "It's sad," chief economist of Danareksa Sekuritas Rino Agung Effendi told The Jakarta Post yesterday.
Tue, 10 Mar 1998, 00:00 WIB
Ruling party prepares list of candidates for next cabinet
Ruling party prepares list of candidates for next cabinet JAKARTA (JP): Golkar has prepared a list of names which it considers suitable candidates for cabinet positions, but said it would not present it unless asked for suggestions by the next president. "We won't initiate a move to propose our people for the cabinet. But we'll be ready with a list of our most suitable cadres should the elected president asks for names," Golkar secretary-general Ary Mardjono told reporters.
Tue, 10 Mar 1998, 00:00 WIB
Badminton body cancels plan to send athletes to clubs
Badminton body cancels plan to send athletes to clubs JAKARTA (JP): The Badminton Association of Indonesia has canceled its plan to train national shuttlers at various clubs and provincial branches. The association's athletic development deputy, Mangombar Ferdinand Siregar, announced yesterday that the association would train its shuttlers at the National Training Center in Cipayung, East Jakarta.
Tue, 10 Mar 1998, 00:00 WIB
Australia calls for IMF sensitivity in Indonesia
Australia calls for IMF sensitivity in Indonesia CANBERRA (Agencies): The Australian government, becoming increasingly concerned about its nearest neighbor's financial instability, yesterday urged the International Monetary Fund to be sensitive in its assistance to Indonesia.
Tue, 10 Mar 1998, 00:00 WIB
Utut shares lead in chess meet
Utut shares lead in chess meet JAKARTA (JP): Indonesian Grandmaster Utut Adianto shared the lead with two Russians in the Grandmasters chess tournament in Calicut, India, Sunday. Utut, GM Yurtaev and GM Komliakov all scored 2.5 points. In a game Sunday lasting five hours, Utut defeated International Master Devaki Prasad of India in the 52nd move of the Queen Indian opening. Yutaev won over IM Murugan of India while Komliakov drew with IM Sashikiran, also of India.
Tue, 10 Mar 1998, 00:00 WIB
Missing activists file 'still unopened'
Missing activists file 'still unopened' JAKARTA (JP): Marzuki Darusman of the National Commission on Human Rights urged police yesterday to probe the disappearance of two non-governmental organization activists early last month. Marzuki, deputy chairman of the commission, said officers should have taken action as soon as they received reports from the Jakarta Legal Aid Institute and the Indonesian Legal Aid and Human Rights Association (PBHI).
Tue, 10 Mar 1998, 00:00 WIB
Three days of heavy rain causes widespread flooding
Three days of heavy rain causes widespread flooding JAKARTA (JP): Residents reeling from the weekend's downpour were struck again yesterday when heavy rain fell across the city, inundating more houses. The latest data from the city's flood post indicated Pondok Bambu subdistrict, in East Jakarta, was hardest hit with water levels reaching a high of 200 centimeters. Floodwaters forced all residents in the area to leave their homes.
Tue, 10 Mar 1998, 00:00 WIB
Ansett adds Bali flights
Ansett adds Bali flights SYDNEY (Reuters): Ansett Australia said yesterday its international airline would add one more weekly return flight to Denpasar in Indonesia to cope with a 30 percent surge in Australian tourism to Bali.
Tue, 10 Mar 1998, 00:00 WIB
Pesticides: Valuable poisons when kept under control
Pesticides: Valuable poisons when kept under control By Ian Shaw and Janahar Murad JAKARTA (JP): Insect pests eat the food that farmers produce to satisfy our hunger, but the pesticides used to kill them may have a harmful effect upon consumers and exert long-term effects upon the environment.
Tue, 10 Mar 1998, 00:00 WIB
Four villagers drown in flood
Four villagers drown in flood MEDAN, North Sumatra: Four people drowned after flash floods struck Muara Bolak Barus village in Tapanuli Tengah regency, Antara reported yesterday. The floods hit the area on Saturday night after the Aek Rogas and Aek Bolak rivers overflowed following heavy rain. Dozens of houses were damaged in the flood. The floods were totally unexpected as people were still recovering from the drought. (emb)
Tue, 10 Mar 1998, 00:00 WIB
WB and ADB hold forum to discuss crisis
WB and ADB hold forum to discuss crisis MANILA (AFP): The World Bank and the Asian Development Bank (ADB) were opening a conference of experts here yesterday against a backdrop of plunging regional currencies spooked by a standoff between Indonesia and the International Monetary Fund (IMF). More than 350 international delegates are expected to dissect the Asian financial crisis in the latest of a series of meetings and seek ways to rebuild Asian economies trampled by the turmoil.
Tue, 10 Mar 1998, 00:00 WIB
Blood crisis spark donor meeting
Blood crisis spark donor meeting JAKARTA (JP): In a bid to deal with blood supply shortages, the city chapter of the Indonesian Blood Donor Association will hold a meeting next month, one of its executives said yesterday. Deputy chairman of the association Rama Boedi said the meeting would discuss crucial matters including boosting the number of blood donors, which has dropped significantly during the economic crisis. "We will start with a blood donor list.
Tue, 10 Mar 1998, 00:00 WIB
No money, no exams
No money, no exams PURWOKERTO, Central Java: Almost 500 students at the state-run Jenderal Sudirman University here will be barred from sitting this semester's exams until they have paid their tuition fees. Rector Rubiyanto Misman however promised to find a way out of the financial problems facing 480 students hit by the economic crisis. These students missed the Feb. 14 deadline to pay their fees.
Tue, 10 Mar 1998, 00:00 WIB
Soeharto's accountability speech accepted
Soeharto's accountability speech accepted JAKARTA (JP): Another resounding approval for President Soeharto's statesmanship was voiced yesterday by the People's Consultative Assembly when it approved his account of his leadership of the country for the past five years.
Tue, 10 Mar 1998, 00:00 WIB
S'pore to curb illegal migrants
S'pore to curb illegal migrants SINGAPORE (AFP): The Singapore government expressed concern yesterday at the prospect of more Indonesians trying to slip illegally into the island and warned anyone caught can be jailed up to six months and caned. "The problem of illegal immigrants from Indonesia has been of serious concern to the government in the last few years," a statement from the home ministry said in response to media queries.
Tue, 10 Mar 1998, 00:00 WIB
ABRI warns against radical reform methods
ABRI warns against radical reform methods JAKARTA (JP): The Armed Forces (ABRI) warned yesterday that it would not permit political reforms to be pursued through radical means. The spokesman of the ABRI faction in the People's Consultative Assembly, Lt. Gen. Susilo Bambang Yudhoyono, told a plenary session yesterday that history had proven that revolutionary means of political reform only ended in ruin.
Tue, 10 Mar 1998, 00:00 WIB
Vietnam sells rice to RI
Vietnam sells rice to RI HANOI (AFP): Vietnam has agreed to sell Indonesia 10,000 tons of rice under deferred payment terms, the Indonesian embassy said yesterday. "Our ambassador met with Vietnam's deputy Prime Minister Nguyen Cong Tan last Friday and they agreed to sell 10,000 tonnes," an embassy official said.
Tue, 10 Mar 1998, 00:00 WIB
'D&R' chief editor questioned for seven hours
'D&R' chief editor questioned for seven hours JAKARTA (JP): The chief editor of Detektive dan Romantika (D&R) magazine, Margiono, was questioned by police for at least seven hours yesterday over his alleged involvement in the publication of the latest edition. The cover and editorial of D&R's March 7 edition are considered defamatory to President Soeharto. Commander of the National Police Detectives Corps Maj. Gen.
Tue, 10 Mar 1998, 00:00 WIB
Military investigate Ibrahim Saleh
Military investigate Ibrahim Saleh JAKARTA (JP): The military has taken over from the police in questioning Brig. Gen. (ret.) Ibrahim Saleh for entering the People's Consultative Assembly building without proper ID while a session was taking place. Lt. Col. DJ. Nachrowi, spokesman for the Jakarta Military, however refused to state whether Ibrahim was questioned as a suspect or a witness. "We consider him a senior member of the Armed Forces family," Nachrowi said.
Tue, 10 Mar 1998, 00:00 WIB
Swedish aid for forest fires
Swedish aid for forest fires JAKARTA: The United Nations Development Program (UNDP) handed over forest fire-fighting equipment worth $750,000 from the Swedish government to the Indonesian government yesterday. UNDP resident representative Ravi Rajan said the equipment was to help Indonesia improve its capability to fight forest fires in Sumatra and Kalimantan.
Tue, 10 Mar 1998, 00:00 WIB
Rupiah rebounds after plunging to 12,500 to the dollar
Rupiah rebounds after plunging to 12,500 to the dollar JAKARTA (JP): The battered rupiah fell further in early trading yesterday touching 12,500 against the U.S. dollar on growing concern over a standoff between the government and the International Monetary Fund (IMF). The currency opened at 11,000/11,300 and, after volatile trading, managed to recover in the afternoon to close at 10,800/11,000 against the greenback.
Tue, 10 Mar 1998, 00:00 WIB
State Policy Guidelines offers progress but leave gaps
State Policy Guidelines offers progress but leave gaps By Sri Wahyuni JAKARTA (JP): The People's Consultative Assembly (MPR) last night endorsed the 1998/2003 State Policy Guidelines, the blueprint for national development over the next five years. Drafted by the ruling Golkar faction before Indonesia plunged into severe economic crisis last year, the policy guidelines promise progress, are full of hope, but also contain gaps inviting criticism.
Tue, 10 Mar 1998, 00:00 WIB
Labor activists held over street rally
Labor activists held over street rally JAKARTA (JP): Four labor activists were arrested yesterday for staging a rally on a busy street in Central Jakarta, protesting skyrocketing prices of basic essentials and demanding the government increase workers' wages. During their brief protest on Jl.
Tue, 10 Mar 1998, 00:00 WIB
BI moves to control rate increases
BI moves to control rate increases JAKARTA (JP): Bank Indonesia (BI) decided yesterday to peg domestic time deposit interest rates to its short-term promissory note (SBI) rates in a move to control rate increases. BI, the central bank, also announced an increase in SBI rates as well. BI placed the ceiling for time deposit rates at 1.25 times the SBI rate, compared to the previous link to the Jakarta interbank offered rate (Jibor).
Tue, 10 Mar 1998, 00:00 WIB
Poor sentiment to dominate rubber market
Poor sentiment to dominate rubber market SINGAPORE (Reuters): Asia's rubber trade is expected to stay static this week with demand poor and some suppliers holding back stocks, regional traders said yesterday. "If you buy raw material from Indonesia or Thailand, it's very cheap," said a Singapore-based rubber trader. "But suppliers there are not selling cheap. They know the margin is high to buy cheap raw material. They are not very eager to sell," the trader added.
Tue, 10 Mar 1998, 00:00 WIB
BII responds
BII responds In response to a letter by our customer, account No. 3- 06325.003-38946, on the withdrawal of a time deposit, and to straighten out the matter, we explain as follows. The customer came to Bank Internasional Indonesia's office and told us about his project and his need for a bank guarantee in the context of implementing the project.
Tue, 10 Mar 1998, 00:00 WIB
Bulog to continue wheat flour import
Bulog to continue wheat flour import JAKARTA (JP): The State Logistics Agency (Bulog) said yesterday that it would still import wheat and wheat flour despite the abolishment of its import and distribution monopoly on the commodity in February. Bulog's chairman Beddu Amang said in a statement that Bulog would continue to import the commodities as private companies were not ready to carry out the job. Beddu said some private companies might be able to start importing wheat on April 1.
Tue, 10 Mar 1998, 00:00 WIB
Emil supporters admits nomination bid defeat
Emil supporters admits nomination bid defeat JAKARTA (JP): Gema Madani, a loose association of well-known scholars and non-governmental organization activists seeking to introduce political reform by proposing an alternative vice presidential candidate, admitted defeat yesterday. The group, whose name means the Echo of Civil Society, campaigned to have senior economist and former cabinet minister Emil Salim compete with outgoing State Minister of Research and Technology B.J. Habibie.
Tue, 10 Mar 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 9, 1998: Buying Selling Rp Rp U.S.
Tue, 10 Mar 1998, 00:00 WIB
Europe ready to help more, insist on Asian responsibility
Europe ready to help more, insist on Asian responsibility SINGAPORE (AFP): Europe is ready to offer more help to troubled Asian nations when leaders of the two continents hold a summit next month in London but would insist on "responsibility," a senior French diplomat said.
Tue, 10 Mar 1998, 00:00 WIB
The powers that be
The powers that be Among the various decrees enacted by the People's Consultative Assembly (MPR) yesterday, one will give the new president additional powers to deal with emergency situations. The decree gives the president a free hand to take whatever steps deemed necessary to safeguard the nation and national development, if and when they are threatened. Although it provides one of the few highlights of the current MPR General Session, the decree is not entirely new.
Tue, 10 Mar 1998, 00:00 WIB
Timor Sea deal
Timor Sea deal CANBERRA (Reuters): Political changes occurring in Indonesia would probably delay an agreement between Australia and Indonesia on sharing of future revenues from natural gas discoveries in the Timor Sea, the Australian government said yesterday. "We were aiming to reach a conclusion on this by the end of March," Australian Resources and Energy Minister Warwick Parer said.
Tue, 10 Mar 1998, 00:00 WIB
Sarawak stiffens fire penalties
Sarawak stiffens fire penalties KUALA LUMPUR (AP): Cracking down on the fires that fueled last year's choking haze, Sarawak's state government has adopted stiffer penalties against illegal burning of forests. Under new regulations effective March 1, anyone caught starting fires without permission from Sarawak's Natural Resources and Environment Board can be punished with a fine of up to 20,000 ringgit (US$5,000) and three years jail, the New Straits Times reported yesterday.
Tue, 10 Mar 1998, 00:00 WIB
First deaths recorded on haj pilgrimage
First deaths recorded on haj pilgrimage JAKARTA (JP): The first two deaths of Indonesian haj pilgrims this year have been reported. One was in Medinah, Saudi Arabia, and the other on the flight to Jeddah. The Ministry of Religious Affairs said the first was identified as 57-year-old Encah bin Taryah of Tasikmalaya in West Java. He died in Nabawi Mosque in Medinah Sunday and his body was buried in Baqi Cemetery in Medinah.
Tue, 10 Mar 1998, 00:00 WIB
PDI reveals gender side
PDI reveals gender side JAKARTA (JP): The Indonesian Democratic Party is dying to see the country have its first female president, or at least a woman provincial governor. The minority party reckoned yesterday that Indonesia was entering the age of the service industry where smiles and hospitality were unnegotiable. "So the key to success is to give a greater role to women in the industry," PDI legislator Soedaryanto told an Assembly plenary meeting.
Tue, 10 Mar 1998, 00:00 WIB
Students continue food, reform demo
Students continue food, reform demo JAKARTA (JP): On-campus student protests calling for reforms and lower prices for basic commodities raged on in at least nine universities in Java yesterday. And thousands of students in South Sulawesi's capital of Ujungpandang took to the streets again.
Tue, 10 Mar 1998, 00:00 WIB
Cilacap needs more fishermen
Cilacap needs more fishermen CILACAP, Central Java: Cilacap regent Herry Tabri says the area, which supplies Jakarta and other cities with a lot of their fish, has jobs for 15,000 people in the fishery industry. The current army of 15,000 fishermen in the area has tapped barely half of the potential fish stocks from the waters off Cilacap, Herry said yesterday. Cilacap's fish markets sold more than 23 million kg of fish in 1997 with a turnover of Rp 37.8 billion (US$3.78 million), he said.
Tue, 10 Mar 1998, 00:00 WIB
'D&R' case
'D&R' case It is gratifying, indeed, to learn that the authorities have indicated they have no intention of revoking the publication license of the D&R weekly after its portrayal of the head of state as a King of Spades.
Tue, 10 Mar 1998, 00:00 WIB
Sorry, no jeans at the Assembly
Sorry, no jeans at the Assembly JAKARTA (JP): About a dozen journalists were shocked yesterday when they were barred from entering the House of Representatives complex after a "no jeans" policy was enforced. The no T-shirt or jeans rule had been in place since the start of the General Assembly. But it was only yesterday, the ninth day of the congress, that the requirement was enforced, much to the chagrin and ire of many unsuspecting journalists.
Tue, 10 Mar 1998, 00:00 WIB
Sales of houses surge despite monetary crisis
Sales of houses surge despite monetary crisis JAKARTA (JP): Private home developers have experienced a surge in business since the rupiah fell sharply in value against the U.S. dollar at the end of last year, a property analyst said yesterday.
Tue, 10 Mar 1998, 00:00 WIB
IMF loan delay upsets legislators
IMF loan delay upsets legislators JAKARTA (JP): The People's Consultative Assembly (MPR) members had strong words yesterday for the International Monetary Fund's (IMF) decision to delay its loans to Indonesia, arguing that national dignity was more important than bowing to international pressure.
Tue, 10 Mar 1998, 00:00 WIB
Milk protest costs Karlina and friends Rp 2,250 each
Milk protest costs Karlina and friends Rp 2,250 each JAKARTA (JP): Astronomer Karlina Leksono and two other women were each fined Rp 2,250 yesterday for staging a protest against soaring milk prices at a busy Jakarta traffic circle. Maintaining their innocence, the three women refused to pay the fine or, alternatively, serve seven days in jail and announced their intention to appeal to the Supreme Court.
Tue, 10 Mar 1998, 00:00 WIB
Asia currencies tread water as rupiah teeters
Asia currencies tread water as rupiah teeters SINGAPORE (Reuters): Asian currencies made a shaky start to the week amid growing tension between Indonesia and the International Monetary Fund and confusing policy signals out of Jakarta. Indonesia's troubles depressed currency and stock markets across Asia as traders fretted about the possible repercussions of the IMF pulling out of Indonesia in the face of the government's persistent failure to meet prescribed economic reforms.
Tue, 10 Mar 1998, 00:00 WIB
Bank's action
Bank's action I am a customer of Bank Internasional Indonesia (BII). On July 4, 1997, I opened a six-month time deposit with its branch on Jl. Thamrin, amounting to Rp 1,050,000,000 (one billion and fifty million rupiah). The expiry date of the deposit was Jan. 4, 1998. Afterward, the deposit was used for a bank guarantee facility in the name of PT Korindo Engineering, which was working on a project owned by PT Sinar Lucky Plastic Industry (SLPI). On Dec.
Tue, 10 Mar 1998, 00:00 WIB
Decentralization a must for RI
Decentralization a must for RI By Iwan Mucipto JAKARTA (JP): The Jakarta Post of Feb. 26 suggested that the troubled triple-tier transit system project was in danger of becoming the "triple blunder" project. It has in fact already earned that title and the first blunder was to have initiated the project in the first place. That Jakarta needs an urgent solution to its traffic problem is beyond doubt, but it is questionable whether more of the same is the solution, or part of the problem.
Tue, 10 Mar 1998, 00:00 WIB
Hold the jingoism
Hold the jingoism Political, government and military leaders should refrain from further jingoistic outbursts in response to the IMF's decision over the weekend to delay by at least two weeks the disbursement of its second tranche of US$3 billion in bailout funds to Indonesia. Chauvinistic assertions are not doing ourselves any good with regard to market confidence, the most precious commodity that we need desperately now to get out of the crisis.
Tue, 10 Mar 1998, 00:00 WIB
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax. The new conversion rates will be valid for one week, from March 9 to March 15: U.S.