Archive: 13 May 1998
57 articles found
Wed, 13 May 1998, 00:00 WIB
Heal thyself or seek support?
Heal thyself or seek support? While in Jakarta and Surabaya recently for meetings with both national tourist industry decision-makers and their East Java counterparts, I was afforded a valuable opportunity to make a firsthand assessment of prevailing conditions and their influence on Indonesia's tourism. It thus with considerable interest that I read Mr. Yonna Konno's very thoughtful and particularly constructive article on page four of the May 1, 1998 edition of The Jakarta Post.
Wed, 13 May 1998, 00:00 WIB
Most Asian currencies weak, rupiah drops
Most Asian currencies weak, rupiah drops SINGAPORE (Reuters): Asian regional currencies got off to a mostly softer start after the long holiday weekend with the market still worried about social unrest in Indonesia and a weak yen, dealers said on Tuesday. But India provided some distraction from the ongoing regional problems after it carried out a series of underground nuclear tests on Monday. Leaders from around the globe condemned the act with the U.S. and Japan threatening sanctions.
Wed, 13 May 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 12, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 925 0 57,500 Alumindo Light Metal 300 0 0 Alumindo Perkasa 275 0 0 Aneka Kimia Raya 375 0 0 Aneka Tambang 1,325 -50 1,516,000 Anwar Sierad 200 -25 22,500 Apac Centertex Corp.
Wed, 13 May 1998, 00:00 WIB
Campus bulletins voice message of reform
Campus bulletins voice message of reform By Ati Nurbaiti JAKARTA (JP): The rising prominence of university students has been the dominant feature in calls for political and economic reforms in the country. It has been their incessant and outspoken rallies over the past four months which have undoubtedly shifted the momentum toward reform.
Wed, 13 May 1998, 00:00 WIB
Thais demand end to RI violence
Thais demand end to RI violence BANGKOK (Reuters): Several Thai political activists protested briefly outside the Indonesian Embassy in Bangkok yesterday, demanding an end to violence against antigovernment protesters in Indonesia. About a dozen activists from several rights organizations demonstrated peacefully for about 30 minutes. They charged people were being arrested, abducted, tortured and killed in Indonesia, where an economic crisis is worsening.
Wed, 13 May 1998, 00:00 WIB
Govt promises to improve workers' image overseas
Govt promises to improve workers' image overseas JAKARTA (JP): Newly appointed Director General for Labor Placement Sirajudin Syamsuddin pledged yesterday to improve the image of Indonesians working overseas, saying there would be a more selective process for sending them abroad. "We will no longer send unskilled workers. We will improve legal protection for troubled workers and help improve their social welfare," Syamsuddin said after his inauguration ceremony here. Minister of Manpower Theo L.
Wed, 13 May 1998, 00:00 WIB
Expediting reform
Expediting reform After two days of relative calm, students in various cities across Indonesia returned to the streets yesterday to voice their discontent over the economic and political situation and to demand change. Judging by the current prevailing mood of the students, a growing number of intellectuals and some other elements of society, it appears that -- barring any unforeseen developments -- no speedy end can be expected to the massive nationwide demonstrations.
Wed, 13 May 1998, 00:00 WIB
Religious leaders join force for reform
Religious leaders join force for reform JAKARTA (JP): Religious leaders in Yogyakarta and Surabaya, East Java, urged the government to meet demands for political and economic reform, warning that public patience was boiling over. A number of religious leaders from the Religious Leaders Communications Forum (FKUB) in Yogyakarta, warned the government that the incessant students rallies demonstrated that the people's patience had reached its climax.
Wed, 13 May 1998, 00:00 WIB
Food prices soar to new highs
Food prices soar to new highs JAKARTA (JP): Prices of several essential commodities soared to new highs yesterday following the government's recent decision to increase fuel and transport tariffs. Traders in major markets reported that sugar, wheat flour, cooking oil and sweet potato were particularly affected. In Klender market, East Jakarta, the price of sugar rose yet again, from Rp 2,400/kg three days ago to Rp 2,600/kg, Antara reported.
Wed, 13 May 1998, 00:00 WIB
Four students killed at Trisakti rally
Four students killed at Trisakti rally JAKARTA (JP): At least four students of Trisakti University were killed during an antigovernment rally in West Jakarta yesterday evening. RCTI last night reported six dead but gave no names. The bodies of four victims were laid at the Sumber Waras emergency unit in the early evening.
Wed, 13 May 1998, 00:00 WIB
Priok port has cargo center
Priok port has cargo center JAKARTA (JP): State port operator PT Pelabuhan Indonesia II (Pelindo II), which is responsible for the management of Jakarta's Tanjung Priok port, has started operating a new cargo distribution center to facilitate container flow through the port, especially for shipments from Japan.
Wed, 13 May 1998, 00:00 WIB
Heavy flooding hits parts of Jakarta and Tangerang
Heavy flooding hits parts of Jakarta and Tangerang JAKARTA (JP): Thousands of houses in several areas in Jakarta and Tangerang were inundated yesterday with floodwaters reaching between 30 centimeters and two meters. The floods were believed to be caused by overflows from the Ciliwung River in Jakarta and Cisadane River in Tangerang following heavy rain which lasted several hours in the upper courses in Bogor Monday night.
Wed, 13 May 1998, 00:00 WIB
Shipping lines leave RI after drop in imports
Shipping lines leave RI after drop in imports JAKARTA (JP): Indonesia's drop in imports has forced many foreign cargo shipping lines to cut or withdraw their operations here, a shipping line executive has said. James T.Y. Chen, senior owners' representative of the Hong Kong-based Orient Overseas Container Line Ltd., said yesterday many shipping lines considered the route to Indonesia and other Southeast Asian countries too costly.
Wed, 13 May 1998, 00:00 WIB
Makindo pays dividend
Makindo pays dividend JAKARTA (JP): Publicly listed securities firm PT Makindo will pay a dividend of Rp 73.5 (less than 1 U.S. cent) per share for the 1997 financial year. The company's president Gunawan Yusuf said yesterday that about 80 percent of the company's profits was distributed as cash dividends to its shareholders. "The cash dividend equals Rp 73.5 per share," he said after holding the company's general shareholders meeting.
Wed, 13 May 1998, 00:00 WIB
Camdessus sees possible RI private debt accord
Camdessus sees possible RI private debt accord PARIS (Agencies): IMF managing director Michel Camdessus said on Monday that a debt deal with Indonesia was possible at a May 26 meeting in Frankfurt with creditor banks.
Wed, 13 May 1998, 00:00 WIB
Phillips says Timor Sea project delayed two years
Phillips says Timor Sea project delayed two years BARTLESVILLE, Okla. (Reuters): Phillips Petroleum Co. said Monday production of liquefied natural gas at the Bayu-Undan gas field in the Timor Sea off Indonesia has been delayed by a weak market and disagreements with its major partner, Australian oil firm The Broken Hill Pty. Co. Ltd.
Wed, 13 May 1998, 00:00 WIB
Sampang may sink next century
Sampang may sink next century JAKARTA (JP): Future residents of Sampang, East Java, may well have to learn to keep their heads above water as regency officials warn the town could be submerged in the next century. The head of the forestry and conservation office of Sampang regency, Budi Yudji, said the prospect was a real likelihood unless something was done about the problem of erosion and management of seawater.
Wed, 13 May 1998, 00:00 WIB
Students vow to rally until vital changes are achieved
Students vow to rally until vital changes are achieved JAKARTA (JP): Students who have temporarily abandoned their studies and families to attend unrelenting antigovernment rallies have vowed to continue protesting until substantial change has been achieved. Senior student representatives told The Jakarta Post on different occasions late last week that the batons, tear gas and rubber bullets of the security forces will not stop their marches demanding immediate reform.
Wed, 13 May 1998, 00:00 WIB
RI after to honors in bridge
RI after to honors in bridge JAKARTA (JP): Indonesia's 18-strong team will depart for the Pacific Asia Bridge Championships in Kobe, Japan, today with an ambitious target of sweeping all three top honors on offer. Playing captain Munawar Syafirudin said yesterday the country's greatest chance to win was in the open team, where he and fellow senior bridge player Hengky Lasut would team up.
Wed, 13 May 1998, 00:00 WIB
11 trapped in fire, another jumps to death
11 trapped in fire, another jumps to death JAKARTA (JP): Twelve people died when a fire gutted a three- story shop/house in Duta Harapan Indah, Penjaringan, North Jakarta, yesterday. Eleven of the victims died after being trapped by the flames. They were identified as Waridi, 18, Rasnoto, 21, Ani, 20, Atik, 19, Didi, 19, Alang, 20, Edo, 20, Darniah, 18, Amin, 22, Syamsuri, 21 and Suswanto, 26. Their badly burned bodies were recovered yesterday.
Wed, 13 May 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 12, 1998: Buying Selling Rp Rp U.S dollar 1 8,700.00 9,600.00 Austrian shilling n/a n/a Australian dollar 1 5,742.10 6,061.00 Belgian franc 1 248.00 260.70 Canadian dollar 1 6,341.50 6,652.70 Swiss franc 1 6,115.60 6,427.60 Deutschemark 1 5,098.00 5,397.70 Danish krone 1 1,342.60 1,412.00 French franc 1 1,524.50 1,605.00 Poundsterling 1 14,823.90 15,542.00 Hong Kong dollar n/a n/a Italian...
Wed, 13 May 1998, 00:00 WIB
Indonesian monopolies must go, IMF official says
Indonesian monopolies must go, IMF official says SEOUL (Reuters): Indonesia's politically sensitive monopolies still have to be dismantled, but its reform program remains generally on track, a senior International Monetary Fund official said yesterday. Dismantling monopolies and ending preferential treatment for certain companies was essential to the success of the IMF's US$40-billion program in Indonesia, the Fund's Asia and Pacific Director Hubert Neiss said in an interview.
Wed, 13 May 1998, 00:00 WIB
The role of state enterprises
The role of state enterprises The dynamic developments occurring in society were reflected in the working conference held by the House of Representatives' Commission V with the mines and energy minister last Friday. It is no exaggeration to say that, at least in the public's awareness, that meeting was the most lively legislative debate ever held in the history of the legislature. The dynamism shown during the meeting represents a healthy development.
Wed, 13 May 1998, 00:00 WIB
PPP supporters donate blood
PPP supporters donate blood JAKARTA (JP): Fifty members and supporters of the United Development Party (PPP) donated blood Monday to help the city's dengue fever patients. Organizers said they were disappointed with the drive because the 17-member Indonesian Red Cross (PMI) medical team refused to take blood after 1 p.m., leaving 200 people willing to donate blood that day without the means to do so.
Wed, 13 May 1998, 00:00 WIB
City loses $1.6m as parking firms fail to pay rental fees
City loses $1.6m as parking firms fail to pay rental fees JAKARTA (JP): The failure of private parking management companies to pay statutory rental fees costs the City administration Rp 14.66 billion (US$1.6 million) a year in lost revenue, a city councilor said yesterday. Ali Wongso HS, head of City Council Commission D for development, said many of the 314 companies with a license to manage parking facilities in Jakarta did not pay their dues to BP Parkir, the parking management agency.
Wed, 13 May 1998, 00:00 WIB
Naked truth can be ugly sight
Naked truth can be ugly sight From Media Indonesia The intensity of the student demonstrations occurring up to now should be taken as a sign of the people's prevailing concerns about the nation's situation. If we recall what it was like prior to the general election, during implementation of the election and the time when the legislators were nominated, many concerned people voiced their criticism, gave their suggestions and opinions, but all their aspirations went unheeded.
Wed, 13 May 1998, 00:00 WIB
Fire destroys protected forest
Fire destroys protected forest KUTACANE, Aceh: At least 10,000 hectares of protected forest near Leuser National Park in Southeast Aceh has been destroyed by fire. Southeast Aceh Regent Syahbuddin said here Monday that the fire was caused by a widening of fires burning in nearby forests, which had been set alight by local farmers to clear land for farming.
Wed, 13 May 1998, 00:00 WIB
Robber shoots man to death
Robber shoots man to death BOGOR (JP): One of seven robbers armed with guns and machetes shot dead a man at a house in Cibodas before making away with a Feroza jeep, video camera, jewelry and a TV set early Monday, eyewitnesses said. Sujani, 43, was shot at about 2 a.m. while spending the night in the house of Ukad Supadma, a prominent neighborhood figure and a village chief candidate.
Wed, 13 May 1998, 00:00 WIB
Government needs time for reform
Government needs time for reform From Media Indonesia Alarming. That is the right word to describe the present situation in our country. Many riots have occurred in various cities. These are not only alarming to part of our community, but they carry an impact in other countries as well. We have read in the papers that the riots triggered the fall of share prices in the Asia-Pacific market, with the resulting panic selling. The rupiah has also plummeted.
Wed, 13 May 1998, 00:00 WIB
Don't give up on Indonesia
Don't give up on Indonesia We are living through interesting times in Indonesia. It seems another chapter is turning in our history. For people who have closely followed developments here, it is likely to be an important period of change. Change there will be, there is little doubt about it. Most Indonesians only hope that reforms will occur with the least amount of discomfort and hardship for the population. The founders of this republic were, by and large, social democrats.
Wed, 13 May 1998, 00:00 WIB
UI lecturers urge DPR to back reform movement
UI lecturers urge DPR to back reform movement JAKARTA (JP): The House of Representatives (DPR) should immediately respond to demands for total reform, a group of 250 University of Indonesia (UI) professors and lecturers has said. The academicians held a dialog and filed a petition with the Armed Forces (ABRI) DPR faction yesterday, suggesting measures in response to student calls for immediate and thorough reform.
Wed, 13 May 1998, 00:00 WIB
Activist gives grisly details of torture
Activist gives grisly details of torture JAKARTA (JP): Human rights lawyer Desmond J. Mahesa broke silence and overcame fears for his life yesterday when he recounted his two-month-long ordeal at the hands of his abductors. Desmond, chairman of the Jakarta branch of the Nusantara Legal Aid Foundation, said he was tortured by his captors, who wanted to extract information about his political activities. Desmond said he was kidnapped in Jakarta by several armed men on Feb. 3.
Wed, 13 May 1998, 00:00 WIB
Durable law
Durable law Amid the students' demands for total reforms -- political, economic, legal and moral -- Minister of Justice Muladi drew more attention with his statement that the government intends to revoke the Law No.11/PNPS1963, commonly known as the Subversion Law. He deserves praises from us all. This law has a unique history. Established by the Old Order government, it is designed to overcome any disturbances to the (independence) revolution.
Wed, 13 May 1998, 00:00 WIB
Thieves make off with ATM
Thieves make off with ATM JAKARTA (JP): Robbers stole an Automatic Teller Machine (ATM) from a Bank International Indonesia (BII) branch on Jl. Taman Sari, West Jakarta, police said. City police spokesman Lt. Col. E. Aritonang said the machine was stolen at about 4:45 a.m. on Thursday. "They took about Rp 70 million in cash and dumped the machine somewhere in Cengkareng, West Jakarta," Aritonang said. A bank security guard, Zaenal, 37, told the police that he heard a noise at about 4 a.m.
Wed, 13 May 1998, 00:00 WIB
House rejects fuel price increase
House rejects fuel price increase JAKARTA (JP): Leaders of the House of Representatives rejected yesterday the government's decision to increase prices of fuel and electricity, saying the timing was inappropriate. Deputy speaker Syarwan Hamid said a meeting of the House leadership yesterday endorsed the stance taken by its Commission V last week, calling on the government to roll back the hikes.
Wed, 13 May 1998, 00:00 WIB
Monas street vendors oppose relocation plan
Monas street vendors oppose relocation plan JAKARTA (JP): Street vendors operating around Monas (the National Monument) in Central Jakarta are opposed to the city administration's plan to remove them to a nearby location because it will lead to a drop in their daily income. The vendors have rejected the proposed move because after only five days in the new location, the former Taman Ria recreational park, they recorded a sharp drop in the number of customers.
Wed, 13 May 1998, 00:00 WIB
Students back to demos after holiday interlude
Students back to demos after holiday interlude YOGYAKARTA (JP): Thousands of students from seven universities in this ancient city took to the streets here yesterday to continue their antigovernment rallies under the watchful eyes of security forces. Students of Ahmad Dahlan University spilled onto Jl. Kusumanegara after a formal "kick-off" ceremony by their rector, Professor Noeng Muhadjir, yelling that the economic crisis reflected the government's ineptitude.
Wed, 13 May 1998, 00:00 WIB
BI interest policy ineffective: Bankers
BI interest policy ineffective: Bankers JAKARTA (JP): Banking experts said yesterday Bank Indonesia (BI) should stop increasing its benchmark interest rates on short-term promissory notes (SBIs) because it had failed to shore up the rupiah's value. Banker Bangun S. Kusmulyono and banking analyst Sutan Remy Sjahdeni suggested the central bank should instead relax its extremely tight liquidity policy to allow banks and businesses to resume their normal activities.
Wed, 13 May 1998, 00:00 WIB
KL bars foreign stakes in local TV
KL bars foreign stakes in local TV KUALA LUMPUR (DPA): Malaysia will not allow foreigners to hold stakes in the country's television stations, Information Minister Mohamed Rahmat said yesterday. Mohamed also accused some foreign journalists of being politically motivated in their reporting on Malaysia, which has been suffering from an economic downturn due to the regional financial crisis. Malaysia has six television stations, including two which are state-run and under the Information Ministry.
Wed, 13 May 1998, 00:00 WIB
Freeport resettles 300 families
Freeport resettles 300 families JAYAPURA, Irian Jaya: Mining company PT Freeport has resettled 300 tribal families living in its operational areas in Tembagapura, to a settlement area in Timika. Freeport spokesman Mindo Pangaribuan claimed that the families were relocated because their villages were densely populated. "Besides, the villages should not be populated because they are located in a mountainous area," Mindo said as quoted by Antara.
Wed, 13 May 1998, 00:00 WIB
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from May 11 to May 17: U.S dollar 1 Rp 8,040.50 Austrian shilling 1 646.87 Australian dollar 1 5,109.74 Belgian franc 1 221.07 Canadian dollar 1 5,582.91 Swiss franc 1 5,398.85 Deutschemark 1 4,520.94 Danish krone 1 1,195.18 French franc 1 1,357.25 Poundsterling 1 13,249.14 Hong Kong...
Wed, 13 May 1998, 00:00 WIB
Asian crisis to be protracted: WB
Asian crisis to be protracted: WB SINGAPORE (AP): Experts who thought the Asian financial crisis would be short lived are now predicting it will be "painful and protracted," a regional World Bank official said yesterday, as he urged regional bankers and governments to restructure, reform and open up their systems.
Wed, 13 May 1998, 00:00 WIB
Sutiyoso bows under pressure over fuel tax
Sutiyoso bows under pressure over fuel tax JAKARTA (JP): Governor Sutiyoso buckled under pressure yesterday over his unpopular plan to impose a 5 percent tax on fuels, which have risen up to 71 percent. He announced that the plan would be shelved "until the country's economic condition allowed" the city administration to introduce such a policy.
Wed, 13 May 1998, 00:00 WIB
RI shuttlers confident of retaining cups
RI shuttlers confident of retaining cups JAKARTA (JP): With all preparations having been completed at full strength, only bad luck will stop Indonesia from retaining the biannual Thomas and Uber Cups, according to the team manager. Indonesian team manager Agus Wirahadikusumah said upon arrival in Hong Kong Monday that his squad had been in intensive training for the world badminton team championships since January. The competition starts on Friday. "The preparations alone are worth praising.
Wed, 13 May 1998, 00:00 WIB
BI net int'l reserves increase to $14.59b
BI net int'l reserves increase to $14.59b JAKARTA (JP): Bank Indonesia's net international reserves as of May 8 totaled US$14.59 billion, an increase of $276.3 million from $14.31 billion the previous week. The central bank said in its weekly economic indicators report that the higher reserves were coming from the drawing of the government's overseas loans.
Wed, 13 May 1998, 00:00 WIB
Exporters urge BI to facilitate L/C process
Exporters urge BI to facilitate L/C process JAKARTA (JP): The government must take prompt action in solving difficulties faced by importers in opening letters of credit (L/C) at local banks, a top official of an export-oriented industry association said. Anton J.
Wed, 13 May 1998, 00:00 WIB
Two organizations reject Soewardi
Two organizations reject Soewardi SEMARANG, Central Java: The provincial branch office of the Association of Indonesian Moslem Intellectuals (ICMI) protested Soewardi's renomination as governor for the 1998/2003 term, saying he did not have an exemplary leadership record. "Therefore, we ask the provincial council to drop Soewardi's renomination and elect a new governor," Rofiq Anwar, chairman of the provincial ICMI branch office, said here yesterday.
Wed, 13 May 1998, 00:00 WIB
Bali's tourist sector fears dengue outbreak
Bali's tourist sector fears dengue outbreak By Sutha Sastradhinata DENPASAR (Antara): The country's tourist industry is trying desperately to fend off the stinging blows from unfavorable international media reports. Along with the mortifying reports on forest fires and widespread riots, add a fresh nemesis: the outbreak of dengue fever in several provinces. Its name almost synonymous with tourists and resorts in the country, Bali has also, unfortunately, been hit by the mosquito- borne disease.
Wed, 13 May 1998, 00:00 WIB
Pertamina called on to explain Balongan refinery problems
Pertamina called on to explain Balongan refinery problems JAKARTA (JP): State oil and gas company Pertamina should explain the reasons behind chronic production problems at its US$2 billion Balongan refinery in West Java, an energy analyst said yesterday.
Wed, 13 May 1998, 00:00 WIB
Public donates 248 kg of gold to govt
Public donates 248 kg of gold to govt JAKARTA (JP): The government has collected 248.01 kilograms of gold from public in a fund-raising drive since Jan. 20, the finance ministry announced yesterday. Ministry spokesman Hadiyanto said Rp 10.53 billion (US$1.17 million) and $446,472 in foreign exchange donations were also collected during the same period. The ministry also received three wristwatches, he said.
Wed, 13 May 1998, 00:00 WIB
Singaporean gets 7 years in jail
Singaporean gets 7 years in jail TANGERANG (JP): A Singaporean was sentenced by Tangerang District Court yesterday to seven years in jail and ordered to pay Rp 50 million for attempting to smuggle 14,840 Ecstasy pills through Soekarno-Hatta International Airport. Presiding judge Mokoginta said in his ruling that the defendant, Yeo Wae Ming, 36, was arrested by security officers at the airport's Terminal D on July 30, last year.
Wed, 13 May 1998, 00:00 WIB
Estrada heads for crushing victory: Survey
Estrada heads for crushing victory: Survey MANILA (Reuters): A voter survey released by one of the Philippines' few trusted pollsters yesterday showed ex-actor Joseph Estrada headed for a crushing victory in the country's presidential election. But the ruling party labeled as a "sinister plot" exit polls following Monday's election, which almost unanimously predict an Estrada triumph. Snail-paced hand counting of the 27 million votes will take about two weeks to produce an official winner.
Wed, 13 May 1998, 00:00 WIB
League matches may be stopped, PSSI warns
League matches may be stopped, PSSI warns JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) will suspend the league program due to the worsening political situation only if requested to do so by the Armed Forces Commander. Chairman of the federation Azwar Anas said yesterday he had written to the Minister of Defense/Armed Forces Commander Gen. Wiranto to ask whether the league should be suspended for security reasons. Azwar said Wiranto had not yet responded to his letter.
Wed, 13 May 1998, 00:00 WIB
Bankers Trust plans $1b SEA fund
Bankers Trust plans $1b SEA fund SINGAPORE (Reuters): Bankers Trust Corp said yesterday it planned a US$1 billion private investment fund to take equity stakes in Southeast Asian companies. "The target of the fund would be approximately $1 billion," Bankers Trust executive vice president Rodney McLauchlan told reporters on the fringes of an industry conference.
Wed, 13 May 1998, 00:00 WIB
King's lyrics plead for tenderness
King's lyrics plead for tenderness By Marieke van Heek JAKARTA (JP): The enormous power of Diana King's beautiful deep voice filled Hard Rock Cafe Thursday night. Famous for singing I Say a Little Prayer from the soundtrack of the movie My Best Friend's Wedding, King performed here as part of her Asian Tour. The cafe was jam-packed with excited fans who adore King's reggae music.
Wed, 13 May 1998, 00:00 WIB
BHP's RI boss promoted
BHP's RI boss promoted SYDNEY (Reuters): Australia's The Broken Hill Pty Co Ltd (BHP) said yesterday it had appointed its Southeast Asia general manager Colin Smith as group general manager and vice-president of BHP Titanium Minerals. Smith will take up the post on July 1, when current general manager Ian Egan retires. Smith is also President of BHP Indonesia.
Wed, 13 May 1998, 00:00 WIB
Stock prices, rupiah fall on political concern
Stock prices, rupiah fall on political concern JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) lost nearly one percent and the rupiah fell further, closing at Rp 9,300 to the U.S. dollar, as anti-government protests continued yesterday. Stockbrokers said that activity on the JSX remained lethargic for the whole trading day, with most investors sidelining the market.