Archive: 12 March 1998
69 articles found
Thu, 12 Mar 1998
E. Timor assured of rice supply
E. Timor assured of rice supply DILI, East Timor: East Timor Deputy Governor Johanes Haribowo said the province has 16,000 tons of rice stored in its warehouses, enough for at least five months.Haribowo, who heads the administration's team for monitoring the supply of basic foodstuffs, said the...
Thu, 12 Mar 1998
President Soeharto's acceptance speech to the MPR
President Soeharto's acceptance speech to the MPR The following is the full text of President Soeharto's acceptance speech after he was inaugurated for a seventh five- year term yesterday on the final day of the General Session of People's Consultative Assembly.
Thu, 12 Mar 1998
Gafur: All easy questions
Gafur: All easy questions JAKARTA (JP): What would happen if by some strange chance the newly elected Vice President B.J. Habibie had refused his nomination yesterday?Could the People's Consultative Assembly (MPR) find a replacement within a day?Those questions were shot at House Deputy Speaker...
Thu, 12 Mar 1998
More students, lecturers join on-campus rallies
More students, lecturers join on-campus rallies JAKARTA (JP): On-campus rallies calling for reform and protesting against the skyrocketing prices of basic commodities gathered steam yesterday as tens of thousands of students and lecturers from nearly 40 universities took part.
Thu, 12 Mar 1998
Smooth MPR General Session draws praise
Smooth MPR General Session draws praise JAKARTA (JP): Assembly members patted themselves on the back yesterday at the end of a smooth and prosaic General Session of the People's Consultative Assembly (MPR).
Thu, 12 Mar 1998
Soeharto seeks people's support
Soeharto seeks people's support JAKARTA (JP): President Soeharto, sworn in for his seventh five-year term of office yesterday, appealed in his inauguration address for people's support to complete the term which he sees as being "very tough.
Thu, 12 Mar 1998
KPC seeks approval to sell its shares
KPC seeks approval to sell its shares JAKARTA (JP): Coal mining giant PT Kaltim Prima Coal wants government approval to offer a portion of its shares to the public to fulfill a mandatory divestment program.The company's assistant managing director, Hadi S.
Thu, 12 Mar 1998
Like father, like son
Like father, like son MAGELANG, Central Java: Agus Harimurti Yudhoyono has done his father proud by coming top of his class at the Military Academy.The son of Gen. Susilo Bambang Yudhoyono, the Armed Forces' chief of sociopolitical affairs, was among the more than 300 students whose rank was...
Thu, 12 Mar 1998
Seoul eyes swap deal with RI
Seoul eyes swap deal with RI SEOUL (Dow Jones): The South Korean government said yesterday it is considering a plan to swap its exports to Indonesia for imports, as many exports and construction fees haven't been paid for by the trouble-ridden Southeast Asian nation.
Thu, 12 Mar 1998
KSEI seeks fresh funds for scripless trading
KSEI seeks fresh funds for scripless trading JAKARTA (JP): PT Kustodian Sentral Efek Indonesia (KSEI) is seeking fresh funds to finance a scripless trading system in the country's two local stock exchanges.
Thu, 12 Mar 1998
Analysts urge establishment of credible cabinet
Analysts urge establishment of credible cabinet JAKARTA (JP): Economists expect the upcoming cabinet to be a credible one to help solve the country's ongoing economic crisis.Both domestic and foreign investors hope the new cabinet will be able to rebuild confidence in the government and the...
Thu, 12 Mar 1998
Results of MPR General Session
Results of MPR General SessionFrom NeracaThe present General Session of the People's Consultative Assembly (MPR) differs from previous sessions because it has convened amid concern over all areas of the country's affairs.
Thu, 12 Mar 1998
Asian markets wary of RI-IMF standoff
Asian markets wary of RI-IMF standoff HONG KONG (AFP): Asian share prices closed mixed yesterday amid lingering concern over Indonesia's intent to carry out economic reforms called for by the International Monetary Fund (IMF) in return for a bailout package.
Thu, 12 Mar 1998
Sime Bank takeover comes under spotlight
Sime Bank takeover comes under spotlightBy Nelson Graves KUALA LUMPUR (Reuters): Financier Abdul Rashid Hussain adds to a growing empire with his takeover of ailing Sime Bank, but questions lingered yesterday over how he would pay and whether it would end up being a government rescue.
Thu, 12 Mar 1998
Picasso among axhibits at new city art gallery
Picasso among axhibits at new city art gallery JAKARTA (JP): Art lovers can have their fill of masterpieces by old masters and contemporary works by new artists at a new gallery recently opened here, an assistant art advisor has said.
Thu, 12 Mar 1998
Bus operators seek import duty exemption
Bus operators seek import duty exemption JAKARTA (JP): Public bus owners and operators called on the government yesterday to exempt them from paying import duties and subsidize imports of badly needed spare parts.
Thu, 12 Mar 1998
Taiwan boosts investment
Taiwan boosts investment TAIPEI (AFP): Taiwan is to invest T$20 billion (US$618.7 million) in Southeast Asia, mainly in Malaysia, following a visit by Taiwan Vice President Lien Chan to Kuala Lumpur last week, a business group leader said in remarks published yesterday.
Thu, 12 Mar 1998
Four Indonesians skippers convicted
Four Indonesians skippers convicted KUALA LUMPUR (AFP): A Malaysian magistrate's court sentenced four Indonesian boat skippers to two years in jail and a whipping for smuggling in 11 Indonesian immigrants into Malaysia in February, reports said yesterday.
Thu, 12 Mar 1998
Five face two years for robbery
Five face two years for robbery JAKARTA (JP): A prosecutor asked West Jakarta District Court yesterday to sentence five men to two years in jail each for their alleged involvement in the theft of 37 sewing machines from a garment factory.
Thu, 12 Mar 1998
Only simple party for MPR members
Only simple party for MPR members JAKARTA (JP): Austerity and simplicity will be the order of the day at this year's reception hosted by President Soeharto for the People's Consultative Assembly (MPR) as even the usually lavish menu will be toned down.
Thu, 12 Mar 1998
PLN fears shortfall despite cash infusion
PLN fears shortfall despite cash infusion HONG KONG (Dow Jones): Indonesia's state-owned electric utility PT Perusahaan Listrik Negara (PLN) remains gravely concerned that it won't be able to make payments for gas and power supplies after March, despite a cash infusion this week of Rp 1.
Thu, 12 Mar 1998
'Misguided' journalists
'Misguided' journalists JAKARTA (JP): Reporters covering the swearing in of President Soeharto grumbled yesterday about the excessive security applied both inside and outside the People's Consultative Assembly compound.
Thu, 12 Mar 1998
Bitter IMF pills to swallow
Bitter IMF pills to swallow If the IMF administers a transfer payment to the Indonesian government it will be caving in, giving the alcoholic a drink, the chocoholic a Kit-Kat, the grounded teenager a ticket to the prom on Saturday night.
Thu, 12 Mar 1998
Food donations given to bus crew
Food donations given to bus crew JAKARTA (JP): The City Land Transportation Agency (DLLAJ) handed over 1,000 parcels of basic commodities yesterday to bus crews and residents living near Kampung Rambutan bus terminal, in East Jakarta.Each parcel contained 2.
Thu, 12 Mar 1998
Indonesian crisis fuels new Asia contagion fears
Indonesian crisis fuels new Asia contagion fears HONG KONG (Reuters): Indonesia is a wild card with the potential to damage the entire region, but analysts are divided on whether its economic turmoil will drag Asia back to the brink of economic chaos.
Thu, 12 Mar 1998
Two Bank Exim executives arrest
Two Bank Exim executives arrest JAKARTA (JP): Police officially charged two executives of state-owned Bank Exim yesterday for allegedly falsifying bank records and taking bribes.National Police spokesman Brig. Gen. Da'i Bachtiar identified the two yesterday as SA and HS.
Thu, 12 Mar 1998
Emil congratulates new Presidnet and Vice President
Emil congratulates new Presidnet and Vice President JAKARTA (JP): Senior economist Emil Salim proved he was a graceful loser yesterday, bowing out of the election arena by sending a congratulatory message to B.J.
Thu, 12 Mar 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 11, 1998: Buying Selling Rp Rp U.S. dollar 1 9,000.00 11,000.00Austrian shilling 1 686.90 903.70Australian dollar 1 6,108.80 7,515.20Belgian franc 1 242.50 297.20Canadian dollar 1 6,511.
Thu, 12 Mar 1998
Asian currencies hold up as Soeharto gives no clues
Asian currencies hold up as Soeharto gives no clues SINGAPORE (Reuters): Asian currencies held up but steered clear of their early highs yesterday after Indonesian President Soeharto failed to mention a currency board in his eagerly awaited inauguration speech.
Thu, 12 Mar 1998
Ramos not to attend ASEM in London
Ramos not to attend ASEM in London MANILA (AFP): Philippine President Fidel Ramos said Wednesday he has cancelled plans to attend next month's Asia-Europe meeting (ASEM) in London."I found it necessary to beg off from heading the (Philippine) delegation because of my duties here," Ramos said in his...
Thu, 12 Mar 1998
Lyonnais forex deal suspended
Lyonnais forex deal suspended HANOI (Reuters): The general manager of the Vietnam branch of Credit Lyonnais said yesterday his bank had been suspended from foreign exchange dealing for a month after it broke regulations governing margins.
Thu, 12 Mar 1998
POSCO profit rises 17%
POSCO profit rises 17% SEOUL (AFP): South Korea's giant Pohang Iron and Steel Co. (POSCO) said Wednesday its net profit jumped 17 percent to 729 billion won (US$461 million) last year.Sales also grew 15 percent to 9.72 trillion won ($6.1 billion) in calendar 1997, a POSCO spokesman said.
Thu, 12 Mar 1998
IMF says it will be flexible on Indonesian reforms
IMF says it will be flexible on Indonesian reforms WASHINGTON (Agencies): The International Monetary Fund (IMF), sending a conciliatory message to President Soeharto, said on Tuesday it was ready to tailor its economic program for Indonesia to take human suffering into account.
Thu, 12 Mar 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Cosindos Band, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m.
Thu, 12 Mar 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix 3:10 Science Film: Modern Eye for Traditional 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Children's Drama: Oh Nenek 6:00 News: Lintasan Berita 6:05 Nusantara,...
Thu, 12 Mar 1998
S'pore calls for help to fight RI fire
S'pore calls for help to fight RI fire SINGAPORE (Reuters): Singapore called for international help yesterday to put out Indonesia's spreading forest and bush fires.Environment Minister Yeo Cheow Tong told parliament Singapore had only a slim chance of avoiding smog pollution if the fires, which...
Thu, 12 Mar 1998
City councilors in punch up
City councilors in punch up MEDAN, North Sumatra: Two city councilors were involved in a punch up Monday following a row over a car accident.Bernard Situmorang, chairman of the PDI faction in the Medan City Council, said he had reported the incident with Moses Tambonan of the Golkar faction to...
Thu, 12 Mar 1998
Local stocks up in moderate trading
Local stocks up in moderate trading JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) rose 0.3 percent in moderate trading yesterday after President Soeharto was sworn in as the country's president for a seventh consecutive five year term, stockbrokers said.
Thu, 12 Mar 1998
Governor says it with tears
Governor says it with tears JAKARTA (JP): So moved by what he saw as President Soeharto's honesty, Irian Jaya governor Jacob Pattipi only mumbled broken words and shed tears when asked to comment on the President's inaugural speech yesterday."He (Soeharto) is a great man...
Thu, 12 Mar 1998
'D&R' managing editor named suspect: Police
'D&R' managing editor named suspect: Police JAKARTA (JP): The managing editor of Detektif dan Romantika (D&R) magazine, Bambang Bujono, was officially named a suspect by police yesterday after being interrogated for at least five hours for his alleged involvement in the weekly's controversial March...
Thu, 12 Mar 1998
Where to go in Bali:
Where to go in Bali:Exhibitions * Painting Exhibition: Image Dance by Made Budhiana at Ganesha Gallery, Four Seasons Resort, Jimbaran Bay, Nusa Dua, Bali, 12 p.m. to 8 p.m., until March 27. * Painting Exhibition: Ida Bagus Made, at Darga Gallery, Komplek Sanur Raya, No.
Thu, 12 Mar 1998
PM Hashimoto due in Jakarta for crisis talks
PM Hashimoto due in Jakarta for crisis talks JAKARTA (JP): Japanese Prime Minister Ryutaro Hashimoto is scheduled to arrive here Saturday evening for a two-day working visit, a senior government official confirmed yesterday.
Thu, 12 Mar 1998
A new Vice President
A new Vice President If Minister of Research and Technology Bacharuddin Jusuf Habibie's smooth ascent to the vice presidency can be taken as an indication, there will not be many obstacles which will impede the execution of his duties when he takes office.
Thu, 12 Mar 1998
Taiwan teacher to be deported
Taiwan teacher to be deported JAKARTA: A Taiwan citizen is soon to be deported after she was caught red-handed working as a teacher at an English-language school in Jambi, the directorate general of immigration said.Hsu Hsiu Hsiang was arrested Feb.
Thu, 12 Mar 1998
Forest fire losses close to Rp 200b
Forest fire losses close to Rp 200b JAKARTA (JP): At least 63,000 hectares of forest and brush along East Kalimantan's Mahakam River have been ravaged by fires over the last two months, causing close to Rp 200 billion (US$21 million) in losses.
Thu, 12 Mar 1998
Soeharto-Habibie duet wins laurels from public
Soeharto-Habibie duet wins laurels from public JAKARTA (JP): Over the past week many newspapers reporting the election of Soeharto and B.J. Habibie have likened the proximity of the new duo with that of the country's first president and vice president, Sukarno and M. Hatta, respectively.
Thu, 12 Mar 1998
Over 16,000 laid off since January
Over 16,000 laid off since January JAKARTA (JP): The city office of the Ministry of Manpower has approved the laying off of 16,481 workers from 98 companies since January, and the number is likely to continue rising as the recession deepens.S.
Thu, 12 Mar 1998
RI track and field meet delayed due to crisis
RI track and field meet delayed due to crisis JAKARTA (JP): The Indonesian Athletics Association (PASI) has announced the postponement of the May 17 Bob Hasan Invitational track and field meet due to the country's economic woes.
Thu, 12 Mar 1998
Poultry farmers feel henpecked in crisis
Poultry farmers feel henpecked in crisisBy Asep Fathulrachman YOGYAKARTA (JP): Poultry farmers are selling their chickens and closing down in droves as soaring prices of feedmeal make business no longer viable.Knock-on effects are already being felt.
Thu, 12 Mar 1998
Soeharto may announce new cabinet on Saturday
Soeharto may announce new cabinet on Saturday JAKARTA (JP): President Soeharto is expected to announce the line-up for the 1998/2003 cabinet on Saturday morning, a source close to the palace said.The source said the hasty formation of the cabinet reflected the President's deep concern over the...
Thu, 12 Mar 1998
Utut suffers another defeat
Utut suffers another defeat JAKARTA (JP): Indonesian Grandmaster Utut Adianto suffered another defeat in the Grandmasters Championships in Calicut, India, Tuesday.Utut's defeat came from International Master Ziaur Rachman from India in the 41st move of the Tartakower opening.
Thu, 12 Mar 1998
Journalist never repents
Journalist never repents JAKARTA (JP): A senior female journalist for a Sumatra newspaper was briefly questioned yesterday by security officers for speculating on the next cabinet lineup.The woman drew a large crowd at a press center when she read out a list of the next cabinet lineup to fellow...
Thu, 12 Mar 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 11, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 400 0 0 Alter Abadi 500 0 32,500 Alumindo Light Metal 325 0 150,500 Alumindo...
Thu, 12 Mar 1998
Rice production to drop, drought delays harvest
Rice production to drop, drought delays harvest JAKARTA (JP): Indonesia's unhusked rice production this year is expected to reach 45 million tons, only 84.3 percent of its initial target of 53.25 million tons.
Thu, 12 Mar 1998
Ananda shocked over Melandrie's death
Ananda shocked over Melandrie's death JAKARTA (JP): Ananda Mikola, Indonesia's rising Formula III racing star, was shocked by the death of his teammate Alfredo Melandrie of Italy who died Monday at the Faenza hospital in Italy.Melandrie, a member of the R.C.
Thu, 12 Mar 1998
Pulomas dam critical
Pulomas dam criticalFrom KompasThe condition of the Pulomas dam, East Jakarta, is causing great concern to residents of the area, especially those living close to the weir.One Saturday evening, the rain was moderate and brief. It was followed by drizzle until the next morning.
Thu, 12 Mar 1998
World Bank encouraged by Soeharto's speech
World Bank encouraged by Soeharto's speech TOKYO (Reuters): A senior World Bank official said yesterday he was encouraged by statements from Indonesian President Soeharto at his inauguration, but added that the bank's structural assistance to the region depends on an International Monetary Fund aid...
Thu, 12 Mar 1998
Soeharto hailed over stance on criticism
Soeharto hailed over stance on criticism JAKARTA (JP): President Soeharto's reassurance that he is open to criticism received an enthusiastic response from legislators and observers alike yesterday.But legislators of the House of Representatives, a body often sneered at as a rubber-stamp...
Thu, 12 Mar 1998
IMF vs Indonesia, a dangerous game?
IMF vs Indonesia, a dangerous game? The disagreement between Indonesia and the IMF has come to resemble a cat-and-mouse game, with Indonesia looking to stabilize the rupiah without becoming ensnared in its commitment to reform and loosing out on the US$43 billion bailout cheese!Steps toward...
Thu, 12 Mar 1998
Developers owe Rp 3.6b in taxes
Developers owe Rp 3.6b in taxes TANGERANG (JP): Property tax arrears from developers of housing complexes and golf courses in the city have reached Rp 3.68 billion (US$334,545), an official said yesterday.
Thu, 12 Mar 1998
ATF vice chairman Katimansah resigns
ATF vice chairman Katimansah resigns JAKARTA (JP): The Asian Tennis Federation (ATF) vice chairman, Eddy Katimansah of Indonesia, resigned from the federation due to the rupiah collapse in the country."I sent a resignation letter to the federation's chairman, Eiichi Kawatei, on February 12," Eddy...
Thu, 12 Mar 1998
Ratna charged with staging illegal meeting
Ratna charged with staging illegal meeting JAKARTA (JP): Stage actress Ratna Sarumpaet and eight other activists were formally charged yesterday with organizing a political meeting in a North Jakarta hotel without a police permit Tuesday.Jakarta Police spokesman Lt. Col. E.
Thu, 12 Mar 1998
Regional leaders acclaim Soeharto
Regional leaders acclaim Soeharto JAKARTA (JP): Congratulatory notes on President Soeharto's reelection poured in yesterday, with neighboring countries expressing confidence the 76-year-old President's leadership would help Indonesia out of its economic crisis.
Thu, 12 Mar 1998
Pertamina changes ICP formula
Pertamina changes ICP formula SINGAPORE (Reuters): Indonesian state oil company Pertamina will change the formula for its official term Indonesian Crude Price (ICP) starting in April, traders said yesterday.
Thu, 12 Mar 1998
S'pore cleans up small oil spill
S'pore cleans up small oil spill SINGAPORE (Reuters): The Maritime and Port Authority of Singapore (MPA) said it has cleaned up a minor oil spill after a bunker tanker carrying 304 tons of marine gas oil collided with a dredger off Singapore yesterday.
Thu, 12 Mar 1998
Album
AlbumPhoto A: ThanksgivingAntaraTHANKSGIVING: President Soeharto, surrounded by family and friends, cuts a traditional yellow rice cone. The thanksgiving gathering was held yesterday at his residence on Jl. Cendana, Central Jakarta, after he was sworn in for his seventh consecutive term.
Thu, 12 Mar 1998
Players welcome decision to continue training in Jakarta
Players welcome decision to continue training in Jakarta JAKARTA (JP): Junior badminton players and coach are happy with the Badminton Association of Indonesia's decision to cancel plans to shift their training programs to clubs and provincial badminton centers.
Thu, 12 Mar 1998
Mini-Marshall plan to rebuild RI
Mini-Marshall plan to rebuild RIBy Geoffrey Barker The Iraq and Indonesian crises demonstrate the need for new thinking about Australian national security. SYDNEY: The Iraq and Indonesian crises have exposed flaws at the heart of Australian national security policy flaws that arise because standard...
Thu, 12 Mar 1998
Trade funding scheme for RI not canceled: S'pore
Trade funding scheme for RI not canceled: S'pore SINGAPORE (AFP): The Monetary Authority of Singapore (MAS) said yesterday the city-state's proposed guarantee scheme to help finance Indonesian imports would proceed despite reports in Jakarta that it had failed.