Indonesian Political, Business & Finance News

Archive: 19 March 1998

59 articles found

'Tajin' as milk substitute

'Tajin' as milk substituteFrom Pikiran RakyatI am writing in response to a reader's letter in this paper regarding the steep price increase of milk, from Rp 7,000 to Rp 18,000 a can. I feel I ought to share my thoughts with mothers who have children under five years old.

A proposal to Mr. Soeharto

A proposal to Mr. SoehartoFrom Suara KaryaI am an educator and strongly wish to see the creation of a disciplined society in Indonesia. I, therefore, concur fully with the national discipline program initiated by President Soeharto a few years ago.

Clinton assures Indonesia of full U.S. support

Clinton assures Indonesia of full U.S. supportBy Yenni Djahidin WASHINGTON D.C. (JP): U.S. President Bill Clinton has expressed full support for Indonesia's efforts to resolve its economic crisis, Indonesian Ambassador to the United States Dorodjatun Kuntjoro-Jakti said Monday.

Ministers' benefits 'bigger than salaries'

Ministers' benefits 'bigger than salaries' JAKARTA (JP): New Minister of Home Affairs R. Hartono scoffed at a suggestion that President Soeharto's proposal for ministers to donate their first year's salaries to the poor would open the door to corruption.

PON organizers not expecting subsidies

PON organizers not expecting subsidies JAKARTA (JP): Organizers of the 15th National Games (PON) in Surabaya, East Java will fund the event through partnerships with local business and do not expect government subsidies, chairman of the games organizing committee Basofi Sudirman said yesterday.

'Stay on campus' ministers tell student protesters

'Stay on campus' ministers tell student protesters JAKARTA (JP): New Minister for Education and Culture Wiranto Arismunandar and Minister of Home Affairs R. Hartono responded favorably to the increasing number of student demonstrations demanding political reform, but warned the youths against...

Suwito faces lawsuit for quitting ring

Suwito faces lawsuit for quitting ring MEDAN, North Sumatra (JP): Indonesian World Boxing Federation (WBF) welterweight champion Suwito Lugito confirmed his retirement on Tuesday.Following the resignation, Suwito's promoter Anton Sihombing announced he would file a lawsuit against him for breach of...

RI's reserves at $16.6b

RI's reserves at $16.6b JAKARTA (JP): Indonesia's foreign exchange reserves stood at US$16.599 billion as of March 13, 1998, or equivalent to four months of non-oil and gas imports, Bank Indonesia said yesterday.Bank Indonesia director for monetary and economic statistics and research, Miranda S.

New minister opposes sticker sales for sports

New minister opposes sticker sales for sports JAKARTA (JP): New State Minister of Youth Affairs and Sports Agung Laksono yesterday joined the chorus of criticism against the practice of selling stickers to raise funds for sports events.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 18, 1998: Buying Selling Rp Rp U.S. dollar 1 9,500.00 11,500.00Austrian shilling 1 686.50 905.00Australian dollar 1 6,049.90 7,453.80Belgian franc 1 242.50 297.60Canadian dollar 1 6,417.

Germany offers scholarships

Germany offers scholarships JAKARTA (JP): The government of the Federal Republic of Germany is offering 50 training scholarships for Indonesians who work in the public or private sector.The scholarship program covers vocational training for professionals in industry and business, environmental...

Sugar and wheat flour prices begin to stabilize

Sugar and wheat flour prices begin to stabilize JAKARTA (JP): Prices of sugar and wheat flour have begun to stabilize due to a sharp fall in demand since last month, a distributor has said.Ishadi, the chairman of the Federation of the Associations of Sugar and Wheat Flour Distributors (Gapegti),...

BCA executive tried for Rp 396m swindle

BCA executive tried for Rp 396m swindle JAKARTA (JP): An executive of privately run Bank Central Asia (BCA) was indicted at West Jakarta District Court yesterday for swindling Rp 396 million (US$39,600) from customers' bank accounts.

Airlines seek delay in jet lease payments

Airlines seek delay in jet lease payments JAKARTA (JP): Indonesia's airlines are seeking a rescheduling of their jet leasing payments as the country's monetary crisis pinches deeper into their balance sheets, an airline executive said yesterday.

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, 12 p.m. to 8 p.m., until March 27. * Painting Exhibition: Ida Bagus Made, at Darga Gallery, Komplek Sanur Raya, No.21/22, Denpasar, until April 14.

In search of win-win solutions to RI's woes

In search of win-win solutions to RI's woesBy Jim Plouffe JAKARTA (JP): As economists and statesmen discuss win-win solutions to Indonesia's economic crisis, they tend to ignore an economic sector that invariably loses during times of economic slowdown: a nation's natural resources.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Photo Exhibition: Penghayatan Borobudur Sebagai Proses Visual by Heinz-Gnter Prager, at Soemardja Gallery, School of Art and Design, Bandung Institute of Technology, Jl. Ganesha 10, 9 a.m. to 3 p.m., through March 28. Discussion with Dr.

Awards for philanthropists

Awards for philanthropists BOGOR (JP): Bogor Mayor Eddy Gunardi rewarded individuals and organizations which have worked to ease hardship and suffering by handing out basic commodities free or selling them at low prices.

Contesting monopoly

Contesting monopoly Monopoly is justifiable as long as it is used for the benefit of the people, says the new trade and industry minister Mohammad Hasan who is a former business tycoon.It is true that strategic sectors like telecommunications, power, railways or strategic commodities like rice and...

Aliens arrested with heroin

Aliens arrested with heroin JAKARTA (JP): A Zimbabwean and a Beninese citizen have been arrested in the Plaza Indonesia shopping center, Central Jakarta, for allegedly attempting to sell 400 grams of heroin, police said yesterday.Head of City Police narcotics unit, Lt. Col. H.

Soeharto to attend Dharma Santi

Soeharto to attend Dharma Santi JAKARTA: The celebration of Balinese Dharma Shanti holiday, which marks the end of the Hindu calendar and which falls April 26, will be attended by President Soeharto, Antara reported yesterday.

Two shot dead for resisting arrest

Two shot dead for resisting arrest TANGERANG (JP): Police shot dead two men suspected of robbing a truck carrying steel on the Bitung toll road and have arrested a further three suspects in the case.Tangerang Police chief Lt. Col.

PPP admits failure in promoting reform

PPP admits failure in promoting reform DEPOK, West Java (JP): The United Development Party (PPP) admitted yesterday that it had failed in its campaign for speedy and sweeping reforms during the recent General Session of the People's Consultative Assembly (MPR).

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 18, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 725 0 0 AHAP Insurance 500 0 0 Alter Abadi 550 0 20,000 Alumindo Light Metal 325 -25 40,500 Alumindo...

ASEAN seeks alarm system to preempt crises

ASEAN seeks alarm system to preempt crises BANGKOK (Dow Jones): Southeast Asian countries, stung by their biggest economic crisis in decades, are developing an alarm system that they say could allow them to defuse future crises before they erupt.

On clean governance

On clean governance While making every effort to reestablish public and international trust in the government to climb out of our devastating economic crisis, state officials must also pay attention to increasing public demands for clean governance.

Curtain to fall on Banyuwangi's 'janger' acts

Curtain to fall on Banyuwangi's 'janger' actsBy Slamet Hadi Purnomo BANYUWANGI, East Java (Antara): The flow of typical Banyuwangi gamelan, distinguished by its shades of the Balinese take on the music, went into a decrescendo, in tempo with the unfolding of the Damarwulan-Minakjinggo drama on...

Small thought in time of crisis

Small thought in time of crisis Indonesians can witness the real composition of the seventh cabinet that was announced by the President on March 14. Whoever is assigned to fill in a ministerial post does not really matter very much as long as he or she is committed to working for immediate...

Tennis boss faults coaches and players

Tennis boss faults coaches and players JAKARTA (JP): Chairman of the Indonesian Tennis Association Sarwono Kusumaatmadja yesterday criticized players and coaches for their lack of professionalism.Sarwono said their slovenly attitude accounted for the failure of Indonesian players to match foreign...

Aid offices protest foreigners' handling

Aid offices protest foreigners' handling YOGYAKARTA: Two legal aid offices have criticized police and the immigration department in their handling of 19 foreigners who swam to Glagah Beach in Temon, Kulon Progo, last week.

Asia oil price rebounds from nine-year lows

Asia oil price rebounds from nine-year lows SINGAPORE (Reuters): Crude oil prices in Asia rebounded from nine-year lows yesterday as OPEC quota-buster Venezuela said it was trying to secure a global producer agreement to cut two million barrels per day of oil supplies.

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: Private Reflection 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Traditional Performance: Lagu-Lagu Kecapi Suling 5:00 Arabic Lessons 5:30 Children's Program: Bermain Musik 6:00 News:...

Ananda takes pole in F3 race

Ananda takes pole in F3 race JAKARTA (JP): Talented Indonesian driver Ananda Mikola has taken pole position for the opening race in the Formula 3 championship series at the Mugello circuit in Italy on March 29.

Bill Gates meets Mahathir

Bill Gates meets Mahathir KUALA LUMPUR (DPA): Microsoft Corporation chairman Bill Gates met the Malaysian cabinet of ministers yesterday and offered helpful tips on how to embark on creating an electronic government.

Five group to review RI's reform program

Five group to review RI's reform program JAKARTA (JP): The International Monetary Fund (IMF) and the Indonesian government have agreed to form five discussion groups to review the multi-billion dollar bailout package, IMF Asia Pacific director Hubert Neiss said yesterday.

Triple decker project

Triple decker projectFrom KompasAccording to a report in Kompas, Feb. 25, regarding the planned inauguration of the triple-tier project, it will need funds worth Rp 6.2 trillion (based on a calculation made before the depreciation of the rupiah against the U.S.

Mahathir leaves for Dubai

Mahathir leaves for Dubai KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad left yesterday for Dubai where he will make a speech at an international forum, Bernama news agency reported.Mahathir will go on to Germany today for a three-day visit.

Dozens injured, two buses stoned in student brawl

Dozens injured, two buses stoned in student brawl JAKARTA (JP): Dozens of people were injured and two buses damaged yesterday in a brawl that involved hundreds of high school students in Matraman, East Jakarta, police said.The brawl broke out at about 12:30 p.m.

Habibie visits Japan for economic talks

Habibie visits Japan for economic talks JAKARTA (JP): Vice President B.J. Habibie is scheduled this afternoon to hold talks with Japanese Prime Minister Ryutaro Hashimoto and other top leaders as a part of his four-day official visit to Tokyo.

KL riding high but not immune to regional contagion

KL riding high but not immune to regional contagionBy Rainer Koehler KUALA LUMPUR (DPA): The only thing upon which Malaysians are currently in agreement is that they are not in the same desperate straits as Indonesians and Thais, and comparisons to their troubled neighbors are rather resented.

Longing for a new dawn (2)

Longing for a new dawn (2)By Djisman Simandjuntak This is the second of two articles on the Indonesian economic crisis. JAKARTA (JP): At this juncture in Indonesian history a warning is in order: Some crises do culminate in extinction.

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.

Billiton Indonesia eyes abandoned mining projects

Billiton Indonesia eyes abandoned mining projects JAKARTA (JP): PT Billiton Indonesia, a subsidiary of the Netherlands' giant mining company Billiton, is eying abandoned mining projects throughout the country.

ABN AMRO eyes Thai bank

ABN AMRO eyes Thai bank BANGKOK (AFP): Dutch banking giant ABN AMRO will likely announce the takeover of a Thai bank, becoming the second foreign institution to take a controlling interest in a local commercial bank, a report said yesterday.

Health office opens hotline for gripes about drugs, food

Health office opens hotline for gripes about drugs, food JAKARTA (JP): If you are from Jakarta and have problems with medicines and food, dial the Ministry of Health's hotline on 4263333 for assistance.

Big firms 'confident' about Asia investment

Big firms 'confident' about Asia investment GENEVA (Reuters): Big global companies are still confident about investment in East and Southeast Asia despite the region's financial turmoil, the United Nations UNCTAD agency and a top business body said yesterday.

China wants fishermen freed

China wants fishermen freed MANILA (DPA): China has demanded the Philippines free 29 Chinese fishermen arrested aboard two boats loaded with rare corals and dynamite near a disputed South China Sea shoal, an embassy official said yesterday.

Wimar Witoelar's talk show

Wimar Witoelar's talk show I began to notice Wimar Witoelar when I first read one of his articles in Kompas quite some time ago. The article was very interesting. After that, I found more of his writings not only in Kompas but also in The Jakarta Post.

Soeharto calls for help from Islamic Banks

Soeharto calls for help from Islamic Banks JAKARTA (JP): President Soeharto expressed his hope yesterday that the meeting of the 40 members of the International Association of Islamic Banks in Yogyakarta next month would resolve to provide economic assistance to the nation.

Labor-intensive programs prioritized

Labor-intensive programs prioritized JAKARTA (JP): New Minister of Public Works Rahmadi Bambang Sumadhijo said yesterday his office would focus on labor- intensive projects to help ease the country's unemployment problem.

'Publicity may hamper' probe into match-fixing

'Publicity may hamper' probe into match-fixing JAKARTA (JP): Police are remaining tight-lipped about their investigation into an alleged soccer match-fixing and bribery scam, since publicity may jeopardize the investigation process.City police spokesman Lt. Col. E.

Latief explains brief for new ministry

Latief explains brief for new ministry JAKARTA (JP): New Minister of Tourism, Arts and Culture Abdul Latief has dismissed suggestions that his office's function would overlap with that of the Ministry of Education and Culture.

Holding firm planned for state companies

Holding firm planned for state companies JAKARTA (JP): President Soeharto has approved plans to set up a holding company to manage and restructure the country's sprawling state-owned companies, a minister said yesterday.

JSX's politically connected stocks down on profit taking

JSX's politically connected stocks down on profit taking JAKARTA (JP): Speculative buying of politically connected stocks failed to sustain a recent surge in prices on the Jakarta Stock Exchange (JSX) yesterday, with shares losing ground in active trading, brokers said.

Another Rp 2b channeled into labor-intensive project

Another Rp 2b channeled into labor-intensive project JAKARTA (JP): The National Development Planning Agency (Bappenas) has added Rp 2 billion to the initial Rp 4.25 billion allocated for the city's program of labor-intensive projects, an official said yesterday.

Condoms a touchy topic in Tangerang

Condoms a touchy topic in Tangerang JAKARTA (JP): Chief of the Tangerang Family Planning office Nandi Mulya has attracted the ire of housewives over a flirtatious condom ad aired during the day on a private radio station for youths.

Navy to bring home illegal workers

Navy to bring home illegal workers BANDA ACEH, Aceh: An Indonesian naval ship will fetch 512 Acehnese being held in Malaysian detention centers since last month for being in the country illegally, Antara reported yesterday.

Motocross race to resume in Lido

Motocross race to resume in Lido JAKARTA (JP): The national motocross championships will resume at Lido lake resort in Bogor, West Java from April 10 to April 12.It will be the second of four races to be staged this year.

Asian currencies hold ground as dollar rises

Asian currencies hold ground as dollar rises SINGAPORE (Reuters): Most Asian currencies kept their footing yesterday as the U.S. dollar burst above a stubborn barrier at 130 yen after reports Japan's government might not include income tax cuts in a new stimulus package.