Indonesian Political, Business & Finance News

Archive: 30 March 1998

57 articles found

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Art Exhibition: The Winning Entries of The ASEAN Essay, Photo, and Poster Competitions at 10 a.m. to 4 p.m. (except Saturday and Sunday), the ASEAN Secretariat, Jl. Sisingamangaraja 70A, South Jakarta (Phone: 7262991, 7243372), until April 30.

Too high a price to pay

Too high a price to pay I believe many sectors of business will be badly affected by the present monetary crisis. Let us take, for example, the travel bureaus in our country which are almost entirely dependent on outgoing Indonesian tourists and, to a lesser extent, on the incoming foreign...

In search of better national leaders

In search of better national leadersBy Iwan Mucipto JAKARTA (JP): This article is a response to Mochtar Buchori's piece (The Jakarta Post, March 26, 1998) about the low quality of our present political leadership which he sees as a result of our deteriorating educational system.

Quraish to join last batch of haj pilgrimage

Quraish to join last batch of haj pilgrimage JAKARTA (JP): Minister of Religious Affairs Quraish Shihab is scheduled to join the last group of Indonesian haj pilgrims who leave for Saudi Arabia tomorrow.

Satisfied customer

Satisfied customer In January I remitted US$6,000 from my UK bank to my Tabungan Plus account with the BNI in Kebayoran Baru, Jakarta. The exchange rate at the time was varying but I had assumed it would be in the 6,000 to 8,000 region.

KL, Jakarta hold talks on immigrants

KL, Jakarta hold talks on immigrants KUALA LUMPUR (Agencies): Malaysia's Prime Minister Mahathir Mohamad met yesterday with Indonesian Vice President B.J. Habibie for talks focusing on the problem of illegal Indonesian immigrants, an official said.

IMF talks outcome crucial for trading activities

IMF talks outcome crucial for trading activities JAKARTA (JP): The nature of this week's trading on the Jakarta Stock Exchange (JSX) will depend much on the outcome of the International Monetary Fund's (IMF) review of Indonesia's economic reform program, securities analysts believe.

Traditional food festival opens

Traditional food festival opens JAKARTA (JP): A two-week food festival featuring traditional eateries from various regions across the country has opened at the Pasaraya department store in Manggarai, Central Jakarta.

Tuition blues get female relief

Tuition blues get female relief JAKARTA (JP): A group of Jakarta housewives donated Rp 7 million (US$825) yesterday to students at the state-run Jenderal Sudirman University who had been barred from sitting their exams because they could not afford to pay their tuition fees.

Drug users, dealers still addicted as ever

Drug users, dealers still addicted as ever JAKARTA (JP): The drug problem prevails with only a slight change in its distribution and the market demand as users and traffickers gradually shift to heroin's derivative putauw and amphetamine-type shabu-shabu, a police official said Saturday.

Civil servants' salary cuts

Civil servants' salary cutsFrom Pikiran RakyatI am writing in response to reports in Pikiran Rakyat on March 18 and March 19 regarding the contribution of basic salaries to alleviate the economic burden borne by the people.

USDA cuts 1997/98 world cocoa output forecast by 1%

USDA cuts 1997/98 world cocoa output forecast by 1% WASHINGTON (Reuters): The U.S. Agriculture Department on Friday lowered its forecast of 1997/98 world cocoa production by one percent to 2.72 million tons.

Cigarette prices set to rise again

Cigarette prices set to rise againBy Stevie Emilia JAKARTA (JP): A man reaching for his usual brand of cigarettes at a kiosk on Jl. M.H. Thamrin hesitated. "That's impossible, I paid Rp 1,800 yesterday and now it's Rp 2,500," he said.He handed back the packet of Sampoerna A Mild and walked away.

Quiet reigns in Bali on Day of Silence

Quiet reigns in Bali on Day of Silence JAKARTA (JP): Hush descended upon Bali yesterday as the faithful residents of the island observed Nyepi, the Hindu day of silence.The usually bustling streets of Denpasar, the provincial capital, were almost deserted as residents stayed at home and avoided...

First group of illegal migrants arrive in Aceh

First group of illegal migrants arrive in Aceh JAKARTA (JP): The first group of Indonesian migrants deported from Malaysia, including six women, arrived at Krueng Geukuh port, Lhokseumawe, North Aceh, Friday after sailing for 24 hours from Lumut, Malaysia, Antara reported yesterday.

600 goats for Lombok

600 goats for Lombok MATARAM, West Nusa Tenggara: The government of Saudi Arabia will donate money to At-Tohiriyah Islamic Boarding School in Central Lombok to purchase 600 goats for the customary Idul Adha day of sacrifice.

Haze hits RP as forest fires blaze

Haze hits RP as forest fires blaze DIGOS, Philippines (AFP): Officials here said yesterday they were taking precautionary measures as haze from forest fires raging in parts of the country and Indonesia started to blot out skies over the Philippines.

Asian crisis spoils RP's exit from IMF tutelage

Asian crisis spoils RP's exit from IMF tutelage MANILA (AFP): The Philippines completed its final International Monetary Fund (IMF) program on Friday, but quickly entered into a "precautionary arrangement" because of the Asian financial crisis, officials said Saturday.

Three get life in Vietnam graft scam

Three get life in Vietnam graft scam HANOI (AFP): Three former officials have been sentenced to life in jail for their involvement in a major corruption case at a Vietnamese state-owned textile firm, a report said yesterday.

Plenty of choice in IT education in Indonesia (2)

Plenty of choice in IT education in Indonesia (2)By Zatni Arbi JAKARTA (JP): The biggest challenge facing every IT education center is to find instructors who can make computers appear less intimidating to the uninitiated.

82 year old found murdered

82 year old found murdered TANGERANG (JP): An 82-year-old woman was found dead with her throat badly slashed in her home in Cipondoh subdistrict last week.An officer said the woman might have been killed by the thieves who stole the family's car.

Smallest chess pieces recorded

Smallest chess pieces recorded JAKARTA (JP): Small is beautiful. Or it certainly is the case for Prasetyo Sumedi who was officially recognized yesterday as having made the smallest chess pieces in Indonesia.

Wiranto confirms dialog with students

Wiranto confirms dialog with students JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto confirmed yesterday he would meet with students from 17 universities at the YTKI building on Jl. Gatot Subroto, South Jakarta, on Saturday.

City 'needs map of poor areas'

City 'needs map of poor areas' JAKARTA (JP): Deputy Governor for Welfare Affairs Djailani urged subdistrict heads throughout the city Saturday to prepare "maps" that contain data on poverty and unemployment.

Amien no enemy of the military, says Subagyo

Amien no enemy of the military, says Subagyo JAKARTA (JP): The Armed Forces (ABRI) has brushed aside speculation that it has developed a stronger rapport with government critics, as shown by its leaders' recent favorable remarks about Amien Rais.Army Chief of Staff Gen.

Govt to boost privatization program

Govt to boost privatization program JAKARTA (JP): The government is preparing a new agenda to boost the privatization program of the country's state enterprises, a senior official said.State Minister for the Empowerment of State Enterprises Tanri Abeng said Saturday that boosting the privatization...

More cheap food for the needy

More cheap food for the needy JAKARTA (JP): As the economic crisis shows no signs of abating, more companies, institutions and wealthy individuals are extending their helping hands to help the poor.They are either giving away essential commodities or selling them at below market prices.

Fresh funds needed to help ailing local film industry

Fresh funds needed to help ailing local film industryBy Marselli Sumarno JAKARTA (JP): The Indonesian film industry is in trouble, and problems began long before the onset of the monetary crisis.Competition with imported films, especially from Hollywood, which directly distributes its films in...

Five candidates for Aceh governor

Five candidates for Aceh governor BANDA ACEH, Aceh: The speaker of the Aceh provincial legislature, Teuku Djohan, said yesterday that the province would present five candidates to the Ministry of Home Affairs on April 13 for the next governor.

Maj. Gen. Muchdi installed as new Kopassus chief

Maj. Gen. Muchdi installed as new Kopassus chief JAKARTA (JP): The Army's special force (Kopassus) got a new commandant-general Saturday when Maj. Gen. Muchdi Purwopranjono replaced younger Lt. Gen. Prabowo Subianto as leader of the elite unit.

Water bombing: A novel mission to save Kutai National Park

Water bombing: A novel mission to save Kutai National ParkBy Anton Sudarisman SANGATTA, East Kalimantan (JP): While the rains bring floods to some cities across the country, devastating fires are raging in Kutai National Park, East Kalimantan.

Two men apprehended for murdering army sergeant

Two men apprehended for murdering army sergeant JAKARTA (JP): Two men have been arrested for the murder of Army officer First Sgt. Moh. Irsal Rumalian in the basement of the three-star Sentral Hotel on Jl. Pramuka in Central Jakarta Wednesday, police said Saturday.City police spokesman Lt. Col. E.

Asia must be on guard for speculators

Asia must be on guard for speculators KUALA LUMPUR (Reuters): Malaysian Deputy Prime Minister Anwar Ibrahim said Asian countries must act to protect the region from currency speculators and manipulators, local media reported on yesterday.

Indonesian refugees in Malaysian camps

Indonesian refugees in Malaysian camps Malaysia has been forced to confront some unpalatable realities in recent months. But the latest challenge facing the Kuala Lumpur government is only indirectly related to the financial turmoil in the region.

Beneficial criticism

Beneficial criticism Some statements issued by Armed Forces (ABRI) leaders over the past few days have brought a welcome whiff of fresh air to the present crisis-burdened atmosphere.It is not so much because the statements appear to suggest growing room for free expression in this country but...

Govt to introduce resource rent tax

Govt to introduce resource rent tax JAKARTA (JP): The Ministry of Forestry and Plantations will change forestry royalties imposed on timber companies to a resource rent tax, as required by the International Monetary Fund (IMF).

Rupert Murdoch suffering from 'China Syndrome'

Rupert Murdoch suffering from 'China Syndrome' In the first of two articles, our Asia correspondent Harvey Stockwin analyses how a battle over a book could affect Indonesia's full freedom of information -- and may be affecting it already.

Idle land to be planted with cash crops temporarily

Idle land to be planted with cash crops temporarily JAKARTA (JP): Governor Sutiyoso has given impoverished residents in several areas in the city the green light to cultivate idle plots of land on a temporary basis as of next month.

Local exporters forced to import empty containers

Local exporters forced to import empty containers JAKARTA (JP): Indonesian exporters will have to import empty containers in order to continue their activities, currently threatened by a scarcity of containers, a business association's head has said.

Chrysler acquires Thai branch

Chrysler acquires Thai branch BANGKOK (AFP): America's third largest carmaker Chrysler has taken over its Thai subsidiary and set up a new company to control marketing and distribution here, a report said Saturday.

U.S. bankers caution RI over Mexican model

U.S. bankers caution RI over Mexican model NEW YORK (Reuters): Indonesia has targeted a Mexican plan to rescue its indebted corporations, but it will fail unless Jakarta first adopts rigorous measures to stabilize its currency and build reserves, U.S. bankers said on Friday.

Genuine dialog stems from mutual trust

Genuine dialog stems from mutual trustBy Mochtar Buchori JAKARTA (JP): Gen. Wiranto's offer of dialog with university students to ease existing political tensions seems to have hit a snag. No single group of students believes that it is possible at this moment in time to hold an honest and sincere...

Police shoot dead two suspected thieves

Police shoot dead two suspected thieves JAKARTA (JP): Two suspected robbers were shot dead, one was wounded and two others arrested in separate raids in South Jakarta and Tangerang, West Java, over the weekend, police said.City police spokesman Lt Col. E.

Tycoons' participation

Tycoons' participationFrom MerdekaThe number of Indonesian business tycoons has reached 200. It is strange that they do not participate in the government's efforts to manage the economic crisis.In the current crisis, a number of philanthropists and Armed Forces members have come to the aid of the...

Local Market

Local MarketCorrection: We erroneously printed an old story for our local stock market commentary in Saturday's edition. The story, therefore, did not in any way reflect Friday's performance of the Jakarta Stock Exchange. -- Editor

Five fishermen feared drowned

Five fishermen feared drowned PALANGKA RAYA, Central Kalimantan: Authorities here are continuing their search for five missing local fishermen whose boat was allegedly burned by a group of foreign fishermen on March 19.

New oil firm could boost foreign exchange: Arifin

New oil firm could boost foreign exchange: Arifin JAKARTA (JP): Oil tycoon Arifin Panigoro suggested over the weekend that the government form a new state oil and gas firm to raise the badly needed foreign exchange through overseas stock exchanges.

Fire destroys 127 shops

Fire destroys 127 shops BENGKULU: Fire gutted 127 shops at the Barukoto I market here, but fortunately no loss of life has been reported.The fire broke out at about 1:15 a.m. Saturday and quickly spread. Many shops were stocked with flammable material such as apparel and shoes.

Second debt crisis looming for South Korea

Second debt crisis looming for South Korea SEOUL (AFP): South Korea can breathe easier as its foreign exchange reserves grow, but it could face a second crisis in the second quarter because of huge corporate debts, analysts said.

Zhu Rongji takes to European stage

Zhu Rongji takes to European stage BEIJING (Reuters): China's new Premier, Zhu Rongji, meets European and Asian leaders in London this week on a trip that will highlight Beijing's key role in helping Asia escape its financial crisis.

RI trade program 'must avoid fraud'

RI trade program 'must avoid fraud' SINGAPORE (AP): Singapore Prime Minister Goh Chok Tong said that a proposed trade financing program with Indonesia must be carefully formulated in order to prevent fraud, The Sunday Times reported.

Fighting inflation

Fighting inflation The increase in Bank Indonesia's promissory notes (SBI) interest rates has spawned an increase in interest rates on bank deposits. This is a measure the government is compelled to take for the purpose of drawing circulating money back into the banking system, thereby repressing...

Marcos set for jail after appeal 'fails'

Marcos set for jail after appeal 'fails' LAOAG, Philippines (Reuters): Former Philippine first lady Imelda Marcos told supporters the Supreme Court had rejected her appeal against conviction for graft and that she was certain to go to jail.

Asian currencies forecast to maintain recovery path

Asian currencies forecast to maintain recovery path SINGAPORE (AFP): Asia's troubled currencies are expected to maintain their recovery against the U.S. dollar this week as Indonesia and the International Monetary Fund (IMF) appear close to signing their third pact to put the shattered economy on...

Cigarette jobs set to go up in smoke

Cigarette jobs set to go up in smoke JAKARTA (JP): A union leader raised alarms that 11.5 million people may lose their jobs when a planned increase in the price of cigarettes takes effect on April 1.Bomer Pasaribu, deputy chairman of the All-Indonesia Workers Union Federation (FSPSI), also said on...

Govt urged to do more to find missing activists

Govt urged to do more to find missing activists JAKARTA (JP): The Indonesian Legal Aid and Human Rights Association urged Coordinating Minister for Defense and Security Gen. Feisal Tanjung on Saturday to turn his attention to finding several activists who had disappeared.

Beverage company workers go on strike

Beverage company workers go on strike TANGERANG (JP): Some 150 workers of beverage company PT Polari Limunusa Inti went on strike over the weekend, demanding an increase in severance pay should they lose their jobs as a result of the prolonged economic crisis.