Archive: 9 April 1998
60 articles found
Thu, 09 Apr 1998, 00:00 WIB
Our last chance
Our last chance Thorough implementation of a revised reform package agreed on yesterday between the government and the International Monetary Fund (IMF) after three weeks of negotiations could be the last chance for Indonesia to get out of its economic crisis. The other alternative would be a rapidly deteriorating situation which could result in chaos and the collapse of national stability.
Thu, 09 Apr 1998, 00:00 WIB
Stock exchange
Stock exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 8, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 500 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 425 25 347,500 Alumindo Perkasa 375 0 0 Aneka Kimia Raya 575 -25 30,000 Aneka Tambang 1,675 50 7,977,000 Anwar Sierad 300 0 303,500 Apac Centertex Corp.
Thu, 09 Apr 1998, 00:00 WIB
Property owners fall to tenant demands
Property owners fall to tenant demands JAKARTA (JP): Indonesia's currency crisis has prompted owners of office buildings to comply with tenants' request to reduce their foreign exchange exposure, property consultant Procon Indah said yesterday. Procon Indah, in collaboration with Jones Lang Wootton, reported that property owners had agreed to take some measures to reduce or eliminate tenants' foreign exchange risks.
Thu, 09 Apr 1998, 00:00 WIB
KPN denies smuggling CPO
KPN denies smuggling CPO MEDAN, N.Sumatra (JP): PT Karya Prajona Nelayan (KPN) has denied that it and its subsidiary, PT Bukit Kapur Reksa, smuggled 38,374 tons of crude palm oil and its derivatives out of the Riau port of Dumai as several newspapers here and in Jakarta reported recently.
Thu, 09 Apr 1998, 00:00 WIB
Two developers violate productive land rules
Two developers violate productive land rules JAKARTA (JP): Two developers have built housing complexes on productive land in the Tangerang mayoralty in violation of a 1990 presidential decree, a media report said yesterday. Antara said the housing complexes built on productive land were Bandara Mas in Selapajang subdistrict near Soekarno-Hatta Airport and Bumi Kedaung Indah in Batuceper district.
Thu, 09 Apr 1998, 00:00 WIB
Japan pledges $2b for RI
Japan pledges $2b for RI TOKYO (Reuters): Prime Minister Ryutaro Hashimoto said yesterday that Japan will extend a total of US$2 billion in loans to Indonesia. Of the total, $1 billion would come be in the form of bilateral loans through the Export-Import Bank of Japan and the other $1 billion would come out of $5 billion in loans Japan promised as part of a rescue package drawn up by the International Monetary Fund (IMF) in November, Hashimoto said.
Thu, 09 Apr 1998, 00:00 WIB
TV programs
TV programs Today TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Kid Pix 3:05 Focus on Jakarta: Segar Jakartaku 3:30 Science Film: Painting The Town 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Arabic Lessons 5:30 TV Series 6:00 News: Lintasan Berita 6:05 News: Rona Nusantara 6:15 Sports 6:30 TVRI News (in English) 7:00 Evening News 7:35 Comedy: Jaka Sarung 8:00 News: Lintasan Berita 8:05 Comedy: Jaka Sarung (contd.) 8:20 Koran Recital 8:30 Religious Teachings:...
Thu, 09 Apr 1998, 00:00 WIB
Canadian agricultural minister due here
Canadian agricultural minister due here JAKARTA (Antara): Canadian Minister of Agriculture and Agri- Food (AAFC) Lyle Vanclief will be visiting Jakarta on April 12 and 13, a press release of the Canadian Embassy in Jakarta said yesterday. Minister Vanclief will make a special stop over in Indonesia during his current visit in Asia and reaffirm Canada's commitment to supporting Indonesia in the current economic crisis.
Thu, 09 Apr 1998, 00:00 WIB
Students deserve to be listened to
Students deserve to be listened to Numerous comments, including those from top officials, greeted the proposed dialog between university students and the Armed Forces. Political scientist J. Soedjati Djiwandono hopes the Armed Forces will eventually be willing to listen to what the students have to say. JAKARTA (JP): The readiness of the military leadership to engage in dialog with the students is in itself a positive attitude worthy of appreciation.
Thu, 09 Apr 1998, 00:00 WIB
ABRI denies East Timorese claim of rights violations
ABRI denies East Timorese claim of rights violations JAKARTA (JP): A group of East Timorese demonstrated outside the National Commission on Human Rights yesterday alleging human rights abuses by the military. The Armed Forces immediately denied the accusation by the Association of Iliomar Students and Youths that the military had forcibly isolated residents of Iliomar district in Lautem regency.
Thu, 09 Apr 1998, 00:00 WIB
Indonesian CPO export ban seen to continue
Indonesian CPO export ban seen to continue SINGAPORE (Dow Jones): Indonesia's ban on palm oil exports is set to continue after it received no mention in the announcement yesterday of its revised economic package, agreed with the International Monetary Fund, by Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita.
Thu, 09 Apr 1998, 00:00 WIB
Armijn Pane's novel
Armijn Pane's novel It was encouraging to read of Ayu Utami's emergence as a new Indonesian literary talent. But how sad to read in Prasetyohadi's article, April 5, that he attributed Armijn Pane's novel Belenggu (published in 1940) to "distinguished author Sutan Takdir Alisjahbana in 1933", clearly the level of literary criticism and review also languishes in (quoting Prasetyohadi) the "shadow of prevailing doom". GLENN BRUCE Jakarta Note: Thank you for your attention.
Thu, 09 Apr 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibitions * Furniture Exhibition featuring decorative interior furnitures, antique and ethnical goods by Pradipta Gallery at the Lobby Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81 (Phone 022 431631), until April 30. * Art Exhibition: Room and Street by Hanura Hosea, at Galeripadi Jl. Ir. H. Juanda 329 (phone 022 2500578), Tuesday to Sunday, 10 a.m. to 8 p.m., until May 3.
Thu, 09 Apr 1998, 00:00 WIB
Sulawesi haj swindler arrested
Sulawesi haj swindler arrested UJUNGPANDANG, South Sulawesi: Police have arrested Daeng Beta for allegedly swindling at least 154 would-be haj pilgrims. Daeng was arrested Tuesday evening just as relatives of those who were cheated ransacked his home demanding recompense for their lost money. Daeng had reportedly swindled Rp 10 million to Rp 15 million from each of his victims. The cheated pilgrims are now stranded on the island of Batam, Riau. (37)
Thu, 09 Apr 1998, 00:00 WIB
Indonesia, IMF strike new deal
Indonesia, IMF strike new deal JAKARTA (JP): Indonesia and the International Monetary Fund (IMF) reached an agreement yesterday on a new set of economic reform measures, which for the first time specifically addresses the problem of the country's huge corporate debt owed to foreign banks.
Thu, 09 Apr 1998, 00:00 WIB
Indonesia to Hannover Fair
Indonesia to Hannover Fair JAKARTA (JP): At least seven Indonesian companies will take part in the Hannover Fair '98 from April 20 to April 25, the National Agency for Export Development (NAFED) said yesterday. The agency's head of the export promotion center, Sakri Widiyanto, said six of the seven Indonesian companies would occupy a 54-square-meter Indonesian pavilion. PT United Tractor would have its own stand to exhibit its products, mainly heavy equipment.
Thu, 09 Apr 1998, 00:00 WIB
IMF to tighten monitoring of RI economic reforms
IMF to tighten monitoring of RI economic reforms JAKARTA (JP): The International Monetary Fund (IMF) said yesterday that a new agreement with Indonesia on economic reforms would be closely monitored to assure its full implementation. IMF Asia-Pacific director Hubert Neiss said the government's Economic and Monetary Resilience Council would monitor progress daily in cooperation with the IMF, the World Bank and the Asian Development Bank.
Thu, 09 Apr 1998, 00:00 WIB
French high technology expo here next week
French high technology expo here next week JAKARTA (JP): The French government will continue to promote business links with Indonesia by staging a high technology exhibition here next week, the French embassy said yesterday. The embassy Economic and Commercial Counselor Jacques Dumasy said the exhibition was designed to display the diversity of French technology and to strengthen business ties by creating links between companies from the two countries.
Thu, 09 Apr 1998, 00:00 WIB
Asian markets rally on hopes for RI, Japan
Asian markets rally on hopes for RI, Japan SINGAPORE (Reuters): Signs that the economies of Indonesia and Japan are about to get an overdue boost spurred Asian markets to some strong gains yesterday , but traders remained wary ahead of concrete steps in both countries. Japan's key stock index jumped nearly three percent on hopes the government would yield to mounting pressure for tax cuts after the passage of its budget later on Wednesday.
Thu, 09 Apr 1998, 00:00 WIB
Chinese minister to visit Indonesia
Chinese minister to visit Indonesia BEIJING (Reuters): Chinese Foreign Minister Tang Jiaxuan, making his first solo trip abroad in his new post, will arrive in Indonesia Saturday for a three visit, a ministry spokesman said yesterday. Tang's visit would be of a "working" nature, spokesman Zhu Bangzao told reporters without elaborating. Tang was elected by China's parliament last month to replace the outgoing foreign minister, Qian Qichen.
Thu, 09 Apr 1998, 00:00 WIB
ESCAP gives optimistic outlook for Indonesia
ESCAP gives optimistic outlook for Indonesia JAKARTA (JP): The Economic and Social Commission for Asia and the Pacific (ESCAP) has given Indonesia a relatively optimistic economic outlook for this year. ESCAP, a United Nations agency, projected yesterday the country's economic growth would be minus 1.5 percent during the 1998/1999 fiscal year, far better than the government's projection of minus 4 percent.
Thu, 09 Apr 1998, 00:00 WIB
Asian crisis shows need for better capital controls
Asian crisis shows need for better capital controls BANGKOK (Agencies): South East Asia's economic crisis demonstrates a need for better control of destabilizing speculative global capital flows, the United Nations Economic and Social Commission for Asia and the Pacific said here yesterday.
Thu, 09 Apr 1998, 00:00 WIB
Ban on student politics 'has no legal basis'
Ban on student politics 'has no legal basis' JAKARTA (JP): The recent government ban on students engaging in on-campus political activities has no legal basis, observers said yesterday. Loebby Loqman, Awaloedin Djamin and Salim Said told The Jakarta Post in separate interviews that they have never heard of any laws prohibiting students from involvement in political activities on university campus sites. They added that if such a decree was made, it would certainly have no legal basis.
Thu, 09 Apr 1998, 00:00 WIB
Bank NISP, Bank Bira talk with foreign investors
Bank NISP, Bank Bira talk with foreign investors JAKARTA (JP): Publicly listed Bank NISP is at an advanced stage of negotiations with foreign investors to take a significant stake in the bank. President of Bank NISP Pramukti Suriaudja said yesterday the bank was in serious negotiations with foreign financial institutions from Europe, the United States and Singapore who were interested in taking a significant portion of its shares by later this year. He said talks were in the final stages.
Thu, 09 Apr 1998, 00:00 WIB
Military Command to grow corn, beans
Military Command to grow corn, beans JAKARTA (JP): Members of the Jakarta Military Command launched yesterday a project which will involve hundreds of its personnel in farming unused land in Bekasi and Tangerang. Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin handed over a hoe and a packet of seeds to two officers to mark the project's inauguration at the command's headquarters in East Jakarta. Corn and green beans will be grown.
Thu, 09 Apr 1998, 00:00 WIB
RI granted a place in World Cup boxing
RI granted a place in World Cup boxing JAKARTA (JP): Thailand has granted a World Cup team slot to one of the two Indonesian boxers who won bronze medals in the King's Cup earlier this week. The World Cup will be held in Beijing in June. Deputy secretary-general of the Indonesian Amateur Boxing Association (Pertina), Didit Soedijoto, praised Thailand's decision yesterday.
Thu, 09 Apr 1998, 00:00 WIB
Easter service to be held at Istora Senayan
Easter service to be held at Istora Senayan JAKARTA (JP): If you are seeking a few words of consolation to restore your soul after the torment of the deepening economic crisis, you could attend a mass Easter service at Istora Senayan Stadium in Central Jakarta on Friday. At the service, organized by Ambassador Integrity Music, Indonesian Bethel Church Kenisah and Gilbert Lumoindong Ministry, you can also take part in a religious music concert, John Hamenda, chief organizer, said.
Thu, 09 Apr 1998, 00:00 WIB
Bank workforce vulnerable
Bank workforce vulnerable JAKARTA (JP): Approximately two-thirds of the banking and financial sector workforce could be laid-off as a result of the economic crisis and reforms which need to be taken, the Federation of All-Indonesia Workers Union (FSPSI) said. Head of the union's commerce and banking industry sector, Bomer Pasaribu, said here Tuesday that people would continue to lose jobs in the banking sector until only one-third of those originally employed remained.
Thu, 09 Apr 1998, 00:00 WIB
At least 11 activists still missing: Reports
At least 11 activists still missing: Reports JAKARTA (JP): Ten out of at least 21 people reported missing have returned, but the whereabouts of the rest are still unknown, reports said yesterday. Those accounted for were eight students who went missing following a clash between protesters and security personnel in Yogyakarta last week, another student and a lawyer from Jakarta.
Thu, 09 Apr 1998, 00:00 WIB
Tegal Alur residents seek project delay
Tegal Alur residents seek project delay JAKARTA (JP): A delegation of 59 residents from Tegal Alur subdistrict in West Jakarta demanded yesterday that the City Council postpone part of its river normalization program which would require them to give up their homes. Speaking on behalf of the deputation, Ras'an and Sujianto asked the city administration to delay the project so that they could concentrate solely upon earning a living and surmounting hardships brought about by the economic crisis.
Thu, 09 Apr 1998, 00:00 WIB
Taman Mini to celebrate its 23rd anniversary
Taman Mini to celebrate its 23rd anniversary JAKARTA (JP): Taman Mini Indonesia Indah is holding a series of traditional arts attractions, which will begin on April 11, to commemorate its 23rd anniversary. The nine-day festival will be inaugurated Saturday morning by Minister of Tourism, Arts and Culture Abdul Latief. Taman Mini was built under the guidance of the late first lady Ibu Tien Soeharto and was opened on April 20, 1975.
Thu, 09 Apr 1998, 00:00 WIB
Condo tycoon held at AG office
Condo tycoon held at AG office JAKARTA (JP): The Attorney General's Office is detaining a condominium tycoon on suspicion of embezzling Rp 65 billion (US$7.6 million) in state money. Barman, a spokesman for the Attorney General's Office, said Monday that the suspect, Seno Margono, alias Tjiang Lek Seng, 38, was handed over by the Jakarta Internal Security Agency last Thursday. He has being charged with embezzling Rp 65 billion.
Thu, 09 Apr 1998, 00:00 WIB
RI expects good start at Thomas, Uber Cups
RI expects good start at Thomas, Uber Cups JAKARTA (JP): Indonesia expects a comfortable start in its defense of both the Thomas Cup and Uber Cup world badminton team titles in Hong Kong where it will meet low-rated contenders in opening matches. The women's team will start its defense of the Uber Cup by playing its first match against England on May 15, while its male counterpart will meet the Netherlands in their Thomas Cup opener May 16.
Thu, 09 Apr 1998, 00:00 WIB
2,675 jobless get free meals
2,675 jobless get free meals BOGOR (JP): Bogor mayoralty secretary R. Iswara Natanegara said yesterday 2,675 jobless people would get free meals for seven days until Sunday. Iswara said that those receiving free meals were local destitute residents. The total value of the meals is Rp 28 million. "They can be people newly dismissed as a result of the current economic crisis or those with no work after long drought," he said.
Thu, 09 Apr 1998, 00:00 WIB
Indonesia sends six cyclists to the Philippines for tour
Indonesia sends six cyclists to the Philippines for tour JAKARTA (JP): Asian Games cycling hopeful Tonton Susanto will lead Indonesia's squad at the Marlboro Centennial Tour of the Philippines from April 15 to May 3. The Indonesian Cycling Association's chief of athlete development, Sofyan Rozian, said yesterday that Tonton will team up with five other cyclists recruited from the national club champion Araya of East Java.
Thu, 09 Apr 1998, 00:00 WIB
Belo concerned over deportation
Belo concerned over deportation DILI, East Timor: Dili Bishop Carlos Felipe Ximenes Belo expressed deep concern yesterday over the plight of Indonesians being deported from Malaysia, Antara reported. "I sent the letter (stating concern) last April 4 to Minister of Manpower Theo Sambuaga, House of Representatives Speaker Harmoko, the governor of Aceh, the presidium of the Indonesian Bishops Conference (KWI) and Minister of Religious Affairs Quraish Shihab," the Nobel peace laureate said.
Thu, 09 Apr 1998, 00:00 WIB
All saved in ship sinking
All saved in ship sinking GENERAL SANTOS, Philippines (AP): A Philippine-registered cargo ship sank off the southern Philippines after rough seas damaged its hull and stalled its engines, the coast guard said yesterday. All 24 people on board were rescued by a passing foreign ship. Chief Petty Officer Luciano Purog said the 275-ton Virgin Pearl was en route Saturday to the port city of Davao carrying goods from Manado, Indonesia, when it developed a leak.
Thu, 09 Apr 1998, 00:00 WIB
Indonesia cuts projected oil price but doubts linger
Indonesia cuts projected oil price but doubts linger SINGAPORE (Reuters): Analysts said here yesterday the US$14.50 new oil price used by Indonesia for its 1998/99 budget might still be too optimistic. The regional economic downturn and efforts by Asia's refineries to boost exports could mean that $14.50 is still too high, said Kanika Singh, an economist at research house Independent Economic Analysis (Holdings) Pte Ltd (I.D.E.A.).
Thu, 09 Apr 1998, 00:00 WIB
Govt to float seven state firms in 1998/99
Govt to float seven state firms in 1998/99 JAKARTA (JP): The government is planning to divest holdings in five listed firms and float seven state-owned companies in the 1998/1999 fiscal year. State Minister of the Empowerment of State Enterprises Tanri Abeng said the government would initially invite strategic investors into the state firms before floating them on stock markets.
Thu, 09 Apr 1998, 00:00 WIB
Irian aid rotting, may be discarded
Irian aid rotting, may be discarded JAYAPURA, Irian Jaya: Hundreds of boxes of noodles and some 50 tons of rice bound for famished-stricken regencies in Irian Jaya may have to be thrown away because they are quickly going rotten. The head of the government administration in Puncak Jaya regency, H. Ibo, told Antara yesterday that the food had been stored too long. "By the time it gets to places which really need help, the food will already be rotten and can only be thrown away," he explained.
Thu, 09 Apr 1998, 00:00 WIB
A good chance to start talking
A good chance to start talking By Iwan Mucipto JAKARTA (JP): Dialog is the catchword of the day. Everybody knows students will engage in the much-talked-about discussions with the Armed Forces. And, for the first time since the New Order, it is assumed that there are valid reasons behind the demonstrating students' actions. Is it connected to the end of the Cold War? Under the former Sukarno government, many social protesters were accused of having CIA links.
Thu, 09 Apr 1998, 00:00 WIB
Man, wife and son slain in S. Jakarta
Man, wife and son slain in S. Jakarta JAKARTA (JP): A man, his wife and one of their children were murdered at their home in the southern outskirts of Jagakarsa early yesterday, police said. South Jakarta Police chief Lt. Col. Yudi Susharianto identified the victims as Sukarman, 39, Siti Chotijah, 35 and their two-year-old son Azis Nugroho. The couple's other two sons, Aditya Riyanto, 12, and Aji Yudanto, 10, survived the massacre, which took place about 3 a.m.
Thu, 09 Apr 1998, 00:00 WIB
Crisis prompts rise in divorce
Crisis prompts rise in divorce PURWOKERTO, Central Java: Divorces in the Purwokerto and Banyumas areas have shown a marked increase since the country was hit by the economic crisis last year. Officials of the two religious courts told The Jakarta Post that 70 percent of divorces in the area had been attributed to financial reasons due to the turmoil in the economy. Prior to the crisis, the issues of responsibility and moral obligations were the most frequently cited reasons. A.
Thu, 09 Apr 1998, 00:00 WIB
FedEx expands with flights to Jakarta
FedEx expands with flights to Jakarta JAKARTA (JP): U.S.-based Federal Express Corporation (FedEx) has expanded its express transportation service in Asia with the debut yesterday of direct flights to Jakarta five times a week. The new route will be served by an Airbus A310 aircraft and links Jakarta with the U.S., Singapore and 14 other major Asian cities. "We are very excited about this new service which clearly addresses our commitment to the Indonesian market.
Thu, 09 Apr 1998, 00:00 WIB
Malaysian firm shrugs off U.S. sanction threat
Malaysian firm shrugs off U.S. sanction threat KUALA LUMPUR (Reuters): Malaysia's state oil company said yesterday it would go ahead with a planned US$2 billion gas project in Iran with French and Russian partners despite the threat of U.S. sanctions. "We will continue with the plans we have made, so far as Iran is concerned," Petroliam Nasional Bhd (Petronas) president Mohamed Hassan Marican told a news conference in Kuala Lumpur.
Thu, 09 Apr 1998, 00:00 WIB
Yen's gain against dollar pushes Asian currencies
Yen's gain against dollar pushes Asian currencies SINGAPORE (Reuters): Asian currencies profited from a sharp rise in the value of the Japanese yen yesterday, pushing back against the U.S. dollar on several fronts. News of the completion of talks between Indonesia and the International Monetary Fund (IMF) on a new economic reform package was supportive with most dealers awaiting details due to be announced yesterday.
Thu, 09 Apr 1998, 00:00 WIB
Petronas-Union Carbide deal
Petronas-Union Carbide deal KUALA LUMPUR (DPA): The Malaysian state oil firm Petronas inked a deal yesterday with U.S.-based Union Carbide Corporation to jointly build and operate an integrated chemicals complex aimed at turning Malaysia into a regional petrochemical center.
Thu, 09 Apr 1998, 00:00 WIB
Fumigation a free service, mayor says
Fumigation a free service, mayor says JAKARTA (JP): East Jakarta Mayor Sudharsono told residents yesterday to reject offers of mosquito fumigation by private concerns. Sudharsono said the groups usually asked for money and the quality of the insecticide -- which should kill mosquitoes that spread dengue fever -- was not guaranteed. "Never accept their offer because they will not guarantee that the fumigation is effective," he said as quoted by Antara.
Thu, 09 Apr 1998, 00:00 WIB
Military sticks to plan on dialog with students
Military sticks to plan on dialog with students JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto said yesterday he would continue with his plan to hold a dialog with students because the nation needed their inputs to the development process. The general said ABRI leaders, including commanders of regional military commands and military regiments, had already met with students and talked to them as equal partners.
Thu, 09 Apr 1998, 00:00 WIB
Govt denies report on Goro
Govt denies report on Goro JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita denied yesterday that the government granted a privilege to wholesaler PT Goro Batara Sakti to distribute basic commodities across the country. "The government will no longer tolerate any monopoly in any form to anybody or to any company," Ginandjar said during a media conference after the monthly cabinet meeting on economic affairs.
Thu, 09 Apr 1998, 00:00 WIB
Jambi's new mayor dead
Jambi's new mayor dead JAMBI: Jambi's mayor-elect, Muhammad Sabki, 59, has died only days before he was to be sworn in later this month. Sabki died of a stroke with symptoms of typhus in Jakarta Tuesday night. His body arrived here yesterday afternoon. Sabki comfortably won the provincial legislature's March 23 mayoral election, capturing three-fourths of the vote. He is survived by his wife and five children, Antara reported.
Thu, 09 Apr 1998, 00:00 WIB
Cheap auto parts go on sale soon
Cheap auto parts go on sale soon JAKARTA (JP): The City Land Transportation Agency in cooperation with several car agents and part manufacturers will hold a six-month sale on auto parts for owners of public buses. The agency's chairman, Aip Sjarifudin, promised yesterday that spare parts would be sold for 30 percent less than market prices. The market operation will involve car agents Indomobil, Astra and Kramayudha, carmaker Mercedes, tire producer Intirub and batterymaker Yuasa.
Thu, 09 Apr 1998, 00:00 WIB
Govt, IPB students discuss agribusiness development
Govt, IPB students discuss agribusiness development JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Haryono Suyono has held the first of a planned series of dialogs with students on how to overcome the economic crisis. A delegation of 17 students from the Bogor Institute of Agriculture (IPB), accompanied by their rector Soleh Solahuddin, presented to Haryono here yesterday their concept of a people- based agribusiness development program.
Thu, 09 Apr 1998, 00:00 WIB
Moody's gives upbeat take on issuance record in '97
Moody's gives upbeat take on issuance record in '97 LONDON (Dow Jones): In a report published yesterday, Moody's Investors Service highlights the resilience and strength of Asian structured finance markets in the face of recent months' market turmoil and a generally cautious approach to the whole idea of securitization.
Thu, 09 Apr 1998, 00:00 WIB
Asian turmoil hitting project finance debt
Asian turmoil hitting project finance debt LONDON (Reuters): Standard & Poor's reports this week Asia's financial problems may have a greater impact on project and infrastructure debt than other sectors given that these financings have fueled much of the region's earlier, phenomenal growth, and now will play a major role in any recovery.
Thu, 09 Apr 1998, 00:00 WIB
Authorities vow to phase out red-light district
Authorities vow to phase out red-light district JAKARTA (JP): The municipality will phase out the city's only officially recognized red-light district in Kramat Tunggak, North Jakarta, Deputy Governor for Welfare Affairs Djailani said yesterday. Prostitution will be eliminated gradually to prevent confusion for those living in the district or surrounding areas, he said without disclosing the steps to be taken. "I can't tell you now because we're still discussing it.
Thu, 09 Apr 1998, 00:00 WIB
Intel improves services
Intel improves services JAKARTA (JP): Intel Indonesia Corporation introduced yesterday its worldwide certification program designed to provide highly trained technical experts to help companies choose and implement Intel-based technology solutions. Intel's country manager Werner Sutanto said Intel's Certification Program would make the process of designing, servicing and supporting solutions easier and more reliable for both certified individuals and their customers.
Thu, 09 Apr 1998, 00:00 WIB
Daimler-Benz hopes for Asia
Daimler-Benz hopes for Asia STUTTGART (DPA): Daimler-Benz expects to raise its Asia- generated revenues from their current level of eight per cent of the total to over 20 per cent within 10 years, company officials said yesterday. "Today it is about eight per cent of our revenues which are generated in Asia," Daimler-Benz board member Dieter Zetsche told reporters at the group's annual balance sheet press conference in Stuttgart.
Thu, 09 Apr 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 8, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 9,500.00 Austrian shilling 1 578.60 746.50 Australian dollar 1 5,076.30 6,123.50 Belgian franc 1 204.30 245.50 Canadian dollar 1 5,431.00 6,514.10 Swiss franc 1 5,075.30 6,097.60 Deutschemark 1 4,200.50 5,082.40 Danish krone 1 1,105.20 1,328.60 French franc 1 1,256.60 1,512.10 Poundsterling 1 12,919.30 15,484.50 Hong Kong dollar 1 987.
Thu, 09 Apr 1998, 00:00 WIB
Four more Sri Lankans arrested by police
Four more Sri Lankans arrested by police JAKARTA (JP): The Jakarta Police Foreigners Supervision Unit (POA) has arrested another four Sri Lankans for allegedly working without permits and having no passports, a police officer said yesterday. The four were arrested on Friday at a rented house in Kemayoran, Central Jakarta, the POA officer, who requested anonymity, said.