Archive: 7 March 1998
58 articles found
Sat, 07 Mar 1998, 00:00 WIB
False alarm over Atauro (2)
False alarm over Atauro (2) By Dino Patti Djalal This is the second of two articles on the alleged starvation in Atauro islet in East Timor province. DILI (JP): The population of Atauro is dispersed among 6 main villages, 4 of which are located on the coast. Food shortage is more obvious in Makadade, a village located up in the hills, which has a history of crop failures.
Sat, 07 Mar 1998, 00:00 WIB
Album
Album Photo A: Paramedics Antara STATE OF HEALTH: Paramedics examine a patient in the makeshift emergency unit at the House of Representatives building. The service is available around the clock during the General Session. Photo B: Prayers JP/bay FAITHFUL FRIDAY: Despite their busy schedule, Assembly members make sure they do not skip Friday prayers at the Assembly's Baiturrahman Mosque.
Sat, 07 Mar 1998, 00:00 WIB
Shaman denies 42 murders
Shaman denies 42 murders MEDAN, North Sumatra: A shaman on trial for the murder of 42 women told a district court here Thursday that he had confessed to the crime because he could not stand being tortured by the police. Achmad Suradji, alias Datuk, denied the charges of serial murder and said the remains found in a sugarcane plantation near his home in Sei Semayang, Deli Serdang, belonged to members of Gerwani, a women's communist organization banned since 1966.
Sat, 07 Mar 1998, 00:00 WIB
Plan for new company opposed
Plan for new company opposed JAKARTA (JP): A City Council commission rejected yesterday the municipality's plan to set up a new city-owned company to distribute staple foods to cooperatives. Djafar Badjeber, head of Commission B for economic affairs, said the plan was rejected as the establishment of the new company, to be called PT Waserda Jaya, would not guarantee the smooth distribution of foodstuffs.
Sat, 07 Mar 1998, 00:00 WIB
DPR/MPR building a silent witness
DPR/MPR building a silent witness By Sri Wahyuni JAKARTA (JP): Over the past 30 years, the People's Consultative Assembly/House of Representatives compound on Jl. Gatot Subroto, Central Jakarta, has been a silent witness to many momentous decisions made by the country's legislators and leaders.
Sat, 07 Mar 1998, 00:00 WIB
Hartono cool under pressure
Hartono cool under pressure JAKARTA (JP): As the debate over the next president and vice president seems to have died down, public talk has turned more than ever to the make-up of the forthcoming cabinet. Outgoing Minister of Information R. Hartono is one of the names often touted to be high on the list of those who will receive a senior post. During a light moment with the minister, journalists tried to get a reaction from him to see if the rumors were true.
Sat, 07 Mar 1998, 00:00 WIB
Have a heart
Have a heart Whilst standing at the cashier's desk paying my lunch bill in Bali, a woman tourist aggressively stalked up with her hand outstretched and loudly said: "I'm waiting for my change." Very apologetically the cashier hastened to give her Rp 800 change and the woman strode out. Apparently, their lunch bill (for four people) was Rp 100,200, which included 10 percent government tax. Service was not included. I was really quite shocked.
Sat, 07 Mar 1998, 00:00 WIB
UK offers RI students over 200 scholarships
UK offers RI students over 200 scholarships JAKARTA (JP): More than 200 scholarships to study in Britain are being offered to Indonesian students by British schools, colleges and universities, an executive of the British Council said. The council's senior consultant for education and training, Geoff Evans, said Thursday that the scholarships were offered as part of a Friendship Package. The package coincides with the 50th anniversary of the British Council's existence in Indonesia, Evans said.
Sat, 07 Mar 1998, 00:00 WIB
Goldman Sachs says Jakarta likely to peg currency
Goldman Sachs says Jakarta likely to peg currency HONG KONG (Dow Jones): A currency board will probably be implemented in Indonesia by the middle of this year and could be announced very soon, according to Goldman Sachs & Co.'s analysis team. But odds are still against the success of a currency board without big changes in the government, according to the firm"s report. "Following his opening address at the National Assembly, we now believe (President) Soeharto will install a currency board.
Sat, 07 Mar 1998, 00:00 WIB
Australian aXcess concept car attracts the world
Australian aXcess concept car attracts the world The Australian aXcess concept car, fresh from its success at the Society of Automotive Engineers International Congress and Expo in Detroit, is setting its sights on Southeast Asia. It will be the main attraction at the Automechanika Asia trade fair in Singapore from April 27 to April 29. Not surprisingly, one of the car's key targets is the Southeast Asian car industry.
Sat, 07 Mar 1998, 00:00 WIB
U.S. govt agency warns RI on power plant review
U.S. govt agency warns RI on power plant review HONG KONG (Dow Jones): A U.S. government agency has warned Indonesia that it may seek to recover as much as US$100 million in lost investment if Indonesia goes ahead with plans to cancel U.S.-backed projects as part of its austerity drive. Some U.S. companies say they're ready to invoke political risk guarantees issued by the U.S. government if Indonesia cancels their investments. If the U.S.
Sat, 07 Mar 1998, 00:00 WIB
Land and building tax
Land and building tax I own a house in the Cipinang Indah complex, Jl. Nusa Indah Raya, Blok M4, RT06/RW16, in East Jakarta. I have consistently paid the land and buildings tax (PBB) due on the property at the bank appointed by the PBB office. I have receipts of all the payments made from 1994 to 1997. One day I found that a big metal seal had been screwed into the wall beside the front gate to my house.
Sat, 07 Mar 1998, 00:00 WIB
The cabinet's challenge
The cabinet's challenge With only a few more days to go before the General Session of the People's Consultative Assembly (MPR) comes to a close, public speculation is becoming concentrated on the line up of the next cabinet. This is only natural under the circumstances. Although President Soeharto's reelection has yet to be confirmed, it almost certainly will be, barring the most unforeseen of developments.
Sat, 07 Mar 1998, 00:00 WIB
Observers and legislators divided on cabinet recruitment
Observers and legislators divided on cabinet recruitment JAKARTA (JP): Countless criticism of the outgoing cabinet's performance has inspired observers to call for an improvement in the quality of ministers recruited, suggesting that they first be screened in a House of Representatives (DPR) hearing. Syamsudin Haris and Muhammad A.S.
Sat, 07 Mar 1998, 00:00 WIB
RI gets Swedish grant
RI gets Swedish grant JAKARTA (JP): Sweden will provide Indonesia a US$140,000 grant to help improve environmental management in the country's forestry sector. The grant, to be provided through the Swedish International Development and Cooperation Agency (SIDA) to help fund a government project to improve environmental forestry management, was signed by Ministry of Forestry Director General of Forest Utilization Titus Sarijanto.
Sat, 07 Mar 1998, 00:00 WIB
Mahathir due in Myanmar
Mahathir due in Myanmar YANGON (AFP): Security in the Myanmar capital of Yangon was tightened yesterday ahead of a visit here by Malaysian Premier Mahathir Mohamad, sources said. Mahathir is due to arrive Monday for a two-day official trip to brief leaders in the military state on the Asian economic crisis.
Sat, 07 Mar 1998, 00:00 WIB
General with many cards
General with many cards JAKARTA (JP): Armed Forces spokesman Brig. Gen. A. Wahab Mokodongan has, almost on a daily basis, been hanging around the People's Consultative Assembly, but no one seems to know what he is really doing. One day he was seen standing in a corner of the main congress hall, wearing a dark suit bearing an "observer" identity card. On another occasion he was seen wearing a "guest" identity card.
Sat, 07 Mar 1998, 00:00 WIB
Japan pledges to guarantee RI imports
Japan pledges to guarantee RI imports JAKARTA (JP): A visiting special envoy from Japanese Prime Minister Ryutaro Hashimoto said here yesterday Japan would provide trade guarantees to back up Indonesian imports. The Japanese envoy said the trade financing facilities would be channeled through Japan's Exim Bank.
Sat, 07 Mar 1998, 00:00 WIB
PPP finally accepts Soeharto's speech
PPP finally accepts Soeharto's speech JAKARTA (JP): The United Development Party (PPP) accepted President Soeharto's leadership accountability speech yesterday but denied it had buckled under pressure from the two most powerful factions to do so. "The PPP faction in the Assembly can accept the President's speech of accountability," party spokesman Chosin Chumaidy said in a plenary session.
Sat, 07 Mar 1998, 00:00 WIB
Crisis a big hurdle for scripless trading
Crisis a big hurdle for scripless trading JAKARTA (JP): Jakarta Stock Exchange (JSX) has delayed the introduction of scripless trading for financial reasons, an exchange director said here yesterday. Ahmad Daniri said that the new trading system, scheduled to start this month, was very costly. Most exchange members could not afford to finance the project and to procure new equipment to support the system, Daniri said.
Sat, 07 Mar 1998, 00:00 WIB
Govt to help PLN, PGN pay debts
Govt to help PLN, PGN pay debts JAKARTA (JP): The government has agreed to provide US$173 million in bridging funds to help state electricity company Perusahaan Listrik Negara (PLN) and state gas distribution company Perusahaan Gas Negara (PGN) pay outstanding power and gas debts. Secretary-General of the Ministry of Mines and Energy Darmoko Slamet said yesterday the money was enough to cover the companies' outstanding payments to their power and gas suppliers through this month.
Sat, 07 Mar 1998, 00:00 WIB
Students seize the day as ABRI relaxes guard
Students seize the day as ABRI relaxes guard JAKARTA (JP): More students at various universities in Indonesia staged peaceful demonstrations yesterday, encouraged in part by a more receptive attitude from the government and military toward their concerns. In Ujungpandang, students of the state-run Hasanuddin University were even allowed to stage a march through the South Sulawesi provincial city.
Sat, 07 Mar 1998, 00:00 WIB
Crisis hits family planning
Crisis hits family planning MATARAM, West Nusa Tenggara: The government's family planning services have been affected by the current economic crisis because the prices of contraceptives have risen by 100 percent, a local family planning official said yesterday. "The higher prices have certainly affected our services, especially self-reliant users," Lalu Sudirman, executive director of the local branch of the Planned Parenthood Association, said as reported by Antara.
Sat, 07 Mar 1998, 00:00 WIB
Slow days at DPR library
Slow days at DPR library JAKARTA (JP): Activity around the House of Representatives building may currently be at an all-time high, but amid the maelstrom the House's library has become a lonely and forgotten oasis of tranquility. Since the start of the General Session of the People's Consultative Assembly last week there has apparently been little demand for the library's services, evident by the sharp decline in book borrowing.
Sat, 07 Mar 1998, 00:00 WIB
PSSI says Djafar acted alone in referee scam
PSSI says Djafar acted alone in referee scam JAKARTA (JP): All-Indonesian Soccer Federation (PSSI) chairman Azwar Anas said that Djafar Umar, deputy chairman of the referee committee, orchestrated the match-fixing racket involving referees and local soccer clubs alone. "There are no other parties involved in organizing the collusion. Djafar ran the racket himself," Azwar, quoted by Antara, said during a meeting with PSSI officials Thursday.
Sat, 07 Mar 1998, 00:00 WIB
What's wrong with ladies' protest?
What's wrong with ladies' protest? I have no idea what's happening to this country. What is wrong with ladies distributing flowers, staging a peaceful protest over soaring prices of milk? Is it right to take them to police headquarters and investigate them like criminals? They did the thing that we, the mothers in this country, wanted to do but were reluctant or afraid to do so. The prices of milk products are rising. It's no joke. We cannot just tell our children to stop drinking milk.
Sat, 07 Mar 1998, 00:00 WIB
PPP afraid of boots
PPP afraid of boots JAKARTA (JP): Why did the United Development Party (PPP) eventually accept President Soeharto's leadership accountability speech before the final debate scheduled for Monday? Journalists posed this question to M. Buang, one of the Party's most senior and outspoken legislators yesterday, only to find that the politician did not live up to his name.
Sat, 07 Mar 1998, 00:00 WIB
Drop in food prices linked to supplies
Drop in food prices linked to supplies JAKARTA (JP): The prices of foodstuffs have started plummeting from their crisis-induced highs as supplies flood the city markets, an official said yesterday. Santoso of the city's Regional Economic Bureau said the prices of items such as rice, cooking oil, meat, sugar and wheat flour were gradually becoming stable.
Sat, 07 Mar 1998, 00:00 WIB
Karlina Leksono
Karlina Leksono From Merdeka My child is about two and a half years old and needs special milk for children under five. I am immensely proud and greatly touched by the courage of Karlina Leksono and friends to protest against the price hike of milk. As a mother, I am deeply concerned about the present situation because everywhere, we only hear of steep price increases, mainly of milk. If Indonesian children now lack nutrients, what about the generations to come?
Sat, 07 Mar 1998, 00:00 WIB
ASEAN wants UN to keep Cambodian truce
ASEAN wants UN to keep Cambodian truce MANILA (Agencies): The Association of South East Asian Nations (ASEAN) urged the United Nations yesterday to oversee Cambodia's fragile cease-fire. Both the government forces of Hun Sen and fighters loyal to deposed co-premier Prince Norodom Ranariddh declared a cease-fire on Feb. 28.
Sat, 07 Mar 1998, 00:00 WIB
Golkar defends its policies to foreign press
Golkar defends its policies to foreign press JAKARTA (JP): Tough questions were the order of the day for some Golkar members who had to defend the dominant faction's stance on sensitive issues such as political reform during a scheduled English-language media briefing yesterday.
Sat, 07 Mar 1998, 00:00 WIB
Another central bank director replaced
Another central bank director replaced JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin announced yesterday the replacement of the central bank's director for international and foreign exchange affairs, Boediono. Sjahril said that President Soeharto had appointed former central bank official Subarjo Joyosumarto, who has been working for the International Monetary Fund since he retired several years ago, to replace Boediono. The inauguration ceremony will take place Monday.
Sat, 07 Mar 1998, 00:00 WIB
Japanese reduce SE Asian presence
Japanese reduce SE Asian presence BANGKOK: Japanese carmakers will assemble 66 percent of all vehicles produced in four Southeast Asian countries in 2002, down from 76 percent at present, according to a U.S. research firm. Furthermore, the U.S. Big Three carmakers -- General Motors, Chrysler and Ford -- are likely to expand their combined market share in those nations to 9 percent that year from the current 1 percent.
Sat, 07 Mar 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 6, 1998: Buying Selling Rp Rp U.S.
Sat, 07 Mar 1998, 00:00 WIB
Habibie and Soeharto fit to run in elections: Golkar
Habibie and Soeharto fit to run in elections: Golkar JAKARTA (JP): Soeharto and B.J. Habibie are fit to stand in the presidential and vice presidential elections scheduled for next week, a senior Golkar executive reported yesterday. They are physically healthy and have all the necessary documents needed for their nomination, Golkar secretary-general Ary Mardjono said.
Sat, 07 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 9:00 Breaking News 9:27 Music 10:10 Talk Show 10:40 Music 11:00 TVRI News 11:15 Music 11:40 Documentary: Paket Profil Politisi 12:00 p.m.
Sat, 07 Mar 1998, 00:00 WIB
Foreign journalists detained
Foreign journalists detained JAKARTA (JP): Two foreign journalists were detained by the police yesterday after they were found to have entered the People's Consultative Assembly building without authorized passes, City Police spokesman Lt. Col. Edward Aritonang was quoted by Antara as saying. The news agency named one of the journalists as Step van Esse from NOSTV of the Netherlands, while the other's identity was not revealed. Jakarta Military Command spokesman Lt. Col. D.J.
Sat, 07 Mar 1998, 00:00 WIB
Oil slick cleanup gets underway
Oil slick cleanup gets underway SINGAPORE (Reuters): A seven-strong team is tackling the cleanup of oil on a beach in northern Singapore after a spill from a ship berthed at one of the island's shipyards, the Ministry of Environment said yesterday. About 200 metres of Sembawang Beach has been stained by oil, the ministry said in a statement. The cleanup team is removing the oil sediment, and chemicals have been used to help disperse the slick.
Sat, 07 Mar 1998, 00:00 WIB
UPM-Kymmene to invest $235m in Riau pulp firm
UPM-Kymmene to invest $235m in Riau pulp firm JAKARTA (JP): Europe's largest paper maker UPM-Kymmene will soon invest US$235 million to expand PT Riau Andalan Pulp & Paper's annual pulp capacity to one million tons from 750,000 tons and to double PT Riau Andalan Kertas' paper capacity to 700,000 tons a year. P.
Sat, 07 Mar 1998, 00:00 WIB
Mar'ie upbeat on IMF payment
Mar'ie upbeat on IMF payment JAKARTA (JP): Minister of Finance Mar'ie Muhammad has expressed optimism that the second disbursement from the US$43- billion rescue package arranged by IMF for Indonesia would be made on schedule. "Any delay in the disbursement will have a negative effect on the process of confidence recovery. This will adversely affect not only Indonesia but also efforts to strengthen and stabilize currencies in Southeast Asia," Mar'ie said in a statement released yesterday.
Sat, 07 Mar 1998, 00:00 WIB
MPR set to pass all draft decrees
MPR set to pass all draft decrees JAKARTA (JP): The People's Consultative Assembly undertook a quick study yesterday of all material brought before it for deliberation, including the controversial decree that, if passed, would give the next president extraordinary powers.
Sat, 07 Mar 1998, 00:00 WIB
Riots add to toll of human rights violations
Riots add to toll of human rights violations By Frans H. Winarta JAKARTA (JP): The East Asia economic crisis did not spare Indonesia, which has felt its bite since the end of July 1997. Whether it was by design or not, the crisis has manifested in people venting their frustration against the ethnic Chinese and the Christian minority.
Sat, 07 Mar 1998, 00:00 WIB
Bank clients trickle in to reclaim money
Bank clients trickle in to reclaim money JAKARTA (JP): Only a small number of clients from the 16 liquidated banks fronted yesterday at the state-owned banks appointed to reimburse depositors on the first day of a 70-day withdrawal period. Dozens of clients from liquidated Bank Harapan Sentosa (BHS) turned up at state-owned Bank Negara Indonesia (BNI) on Jl. Jend. Sudirman, South Jakarta. But only a few of them made withdrawals, while others deposited their money with the bank.
Sat, 07 Mar 1998, 00:00 WIB
Rupiah recovers after touching 12,000
Rupiah recovers after touching 12,000 JAKARTA (JP): The rupiah recovered slightly yesterday afternoon after touching a day low of 12,000 to the U.S. dollar on concerns over the future of Indonesia's reform program. The currency closed at 10,400 against the greenback, gaining from Thursday's close of 10,500.
Sat, 07 Mar 1998, 00:00 WIB
Utut held to draw with Sashikiran
Utut held to draw with Sashikiran JAKARTA (JP): Indonesian Grandmaster Utut Adianto could only draw with International Master Sashikiran of India in the grandmasters' chess tournament in Calicut, India yesterday. Utut, whose elo rating is 2,615, drew with Sashikiran (2,470) on the 57th move after an English opening. The match lasted five hours and 10 minutes. Utut was happy with the result but said that he would do better against GM Thipsay, also of India, today.
Sat, 07 Mar 1998, 00:00 WIB
Smooth departure for first haj pilgrims
Smooth departure for first haj pilgrims JAKARTA (JP): The first flight taking Indonesians on the haj pilgrimage to Saudi Arabia took off from Halim Perdanakusuma Airport yesterday on time, an encouraging sign to kick off the massive operation which in the past has often been beset with trouble. Gone was the confusion which colored initial departures of the past, such as the wrong order of flights, delays, lost luggage, or even pilgrims allowed to depart without a Saudi visa.
Sat, 07 Mar 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March 6, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 400 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 325 -25 12,500 Alumindo Perkasa 275 0 0 Aneka Kimia Raya 575 -25 20,000 Aneka Tambang 1,625 0 1,627,500 Anwar Sierad 300 25 137,500 Apac Centertex Corp.
Sat, 07 Mar 1998, 00:00 WIB
Govt under fire for lack of accountability
Govt under fire for lack of accountability JAKARTA (JP): Government accountability is sorely lacking in Indonesia, a condition that has allowed corruption, collusion and nepotism to flourish almost unchecked in the country, the National Commission on Human Rights said yesterday. "Accountability in Indonesia has reached its lowest point," the commission said after a plenary meeting of its 25 members for a periodic review of the human rights situation here.
Sat, 07 Mar 1998, 00:00 WIB
Petisi 50 criticizes Soeharto's speech
Petisi 50 criticizes Soeharto's speech JAKARTA (JP): The Petisi 50 group of noted government critics urged the People's Consultative Assembly (MPR) yesterday to reject President Soeharto's accountability speech and beseeched them not to reelect the 76-year-old president. "It's not only because he (Soeharto) has failed to make himself truly accountable for things which should be delineated, but also because he has been in the post for more than two terms," the group said in a statement.
Sat, 07 Mar 1998, 00:00 WIB
Importers question foreign credit guarantee promises
Importers question foreign credit guarantee promises JAKARTA (JP): Indonesian importers remain paralyzed despite pledges by developed countries to guarantee Indonesian letters of credit (L/Cs) for the purchase of raw materials. Amirudin Saud, chairman of the 3,500-member Association of Indonesian Importers, said here yesterday most of the pledges made by the foreign countries had yet to materialize. "They mustn't make promises that they can't keep," he told The Jakarta Post.
Sat, 07 Mar 1998, 00:00 WIB
'D&R' weekly gets a stern warning
'D&R' weekly gets a stern warning JAKARTA (JP): The Ministry of Information gave a stern warning to Detektif dan Romantika (D&R) weekly for allegedly insulting President Soeharto both as a president and an individual when it portrayed him as the king of spades on the cover of its March 7 issue. Director General of Press and Graphics H.
Sat, 07 Mar 1998, 00:00 WIB
Villagers riot over shrimp
Villagers riot over shrimp CILACAP, Central Java: Some 150 villagers destroyed a shrimp pond after a row with the owner over sharing the commodity crop. The villagers from Karanganyar also smashed pond facilities such as water pumps and a security post. There were no fatalities but some of the villagers were later detained by police for questioning, witnesses said.
Sat, 07 Mar 1998, 00:00 WIB
Bank Ekspor Impor acknowledges losses
Bank Ekspor Impor acknowledges losses JAKARTA (JP): State-owned Bank Ekspor Impor Indonesia (Bank Exim) acknowledged yesterday that it was facing large potential losses from its forward foreign exchange deals as a result of the rupiah's steep devaluation. "But our unaudited financial report for 1997 still booked a gross (before-tax) profit of Rp 162 billion," Bank Exim president Kodradi said yesterday.
Sat, 07 Mar 1998, 00:00 WIB
Asian currencies rebound but fears persist over RI
Asian currencies rebound but fears persist over RI SINGAPORE (Reuters): Asian currencies pulled sharply back from lows reached earlier yesterday after markets were rattled again by fears that Indonesia was on the verge of adopting a controversial plan to fix the rupiah's value. "A lot of people were caught on the wrong side one way or another today. Nobody has any idea which currency is leading the way," a U.S. bank dealer in Singapore said.
Sat, 07 Mar 1998, 00:00 WIB
UPM buys APRIL's mill
UPM buys APRIL's mill HELSINKI (Reuters): Finnish forest industry group UPM-Kymmene will buy a Chinese fine paper mill from its Indonesian partner Asia Pacific Resources Holding (APRIL), changing an earlier cooperation deal, Finnish MTV3 television news reported yesterday. The television channel said that instead of swapping parts of fine paper operations with APRIL, UPM would buy "a significant part" of ARPIL's fine paper mill being built in China.
Sat, 07 Mar 1998, 00:00 WIB
RI asks for pledged aid
RI asks for pledged aid SEOUL (Dow Jones): The Indonesia government has recently called on six South Korean banks to provide, in stages, a total of $116 million in standby credit agreed upon between 1995 and 1997, local bank sources said yesterday. The local banks, however, facing their own liquidity troubles, have been reluctant to extend aid.
Sat, 07 Mar 1998, 00:00 WIB
IMF's role
IMF's role Is it fair if I compare the current economic crisis to the latest movie Titanic? The music was still playing while the ship was sinking. Why are we still arguing while we actually know that we're running out of time? It seems that there's nothing much we can do but carry out the package deal assigned by the IMF. Why has it taken so long for the IMF to disburse the promised aid?
Sat, 07 Mar 1998, 00:00 WIB
Hanke still sees RI currency board
Hanke still sees RI currency board WASHINGTON (Reuters): A U.S. economist who wants Indonesia to bring in rigid new rules on currency exchange said yesterday he thought the controversial idea would go ahead, but the timing was up to President Soeharto. Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, said he spent a total of 10 hours in talks with Soeharto. Hanke outlined his proposal at the Cato Institute, a libertarian think tank.