Archive: 15 May 1998
47 articles found
Fri, 15 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Tom and Jerry Kids 3:05 Sports: Topik Olah Raga 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara...
Fri, 15 May 1998
Mobs rule streets as riots rock the city
Mobs rule streets as riots rock the city JAKARTA (JP): Mobs ruled the city's streets yesterday.It was a day when crowds, motorists and motorcyclists did not have to bother about traffic signs or traffic laws.
Fri, 15 May 1998
Malaysia Airlines says planes from Jakarta full
Malaysia Airlines says planes from Jakarta full KUALA LUMPUR (Reuters): Malaysia Airlines (MAS) said yesterday that its planes from Jakarta were full, but it did not know if the strong demand for seats was due to riots in the Indonesian capital or the return of Malaysians from holiday.
Fri, 15 May 1998
Rupiah slumps below Rp 11,000 as unrest intensifies
Rupiah slumps below Rp 11,000 as unrest intensifies JAKARTA (JP): The rupiah slumped to below Rp 11,000 to the U.S. dollar and share prices continued their plunge yesterday amid the worsening political situation and widespread social unrest in the capital.
Fri, 15 May 1998
Indonesia's neighbors concerned over riots
Indonesia's neighbors concerned over riots KUALA LUMPUR (Agencies): Malaysia said yesterday that it is concerned over unrest in Indonesia and is closely monitoring the situation."We are of course concerned, monitoring this very closely," Deputy Prime Minister Anwar Ibrahim told reporters.
Fri, 15 May 1998
Emerging market fund manager loads up in Indonesia
Emerging market fund manager loads up in Indonesia NEW YORK (Dow Jones): Emerging markets hedge fund manager Edward Bozaan is quietly loading up on shares of undervalued companies in Indonesia despite the country's escalating political tension.
Fri, 15 May 1998
E-com needs new balanced interests
E-com needs new balanced interestsBy Djauhari Oratmangung and Wiwit Wisatyo JAKARTA (JP): At the threshold of the 21st century, developed and developing nations alike are challenging themselves to action structural reform or modernization in society based on the key paradigms globalization,...
Fri, 15 May 1998
Outbound flights fully booked
Outbound flights fully booked JAKARTA (JP): Bookings for outbound flights registered a dramatic rise yesterday as foreigners and frightened locals fled the tumultuous city.The director of Iwata Nusantara Tours and Travel, Meity Robot, said yesterday computer data showed that all yesterday's flights...
Fri, 15 May 1998
A lamentable tragedy
A lamentable tragedy Media reports of the recent bloody incident at Trisakti University have prompted much reaction from almost every segment of society. Students staged commemorations on their own respective campuses and at Trisakti University in a show of solidarity for their dead colleagues.
Fri, 15 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 14, 1998: Buying Selling Rp Rp U.S. dollar 1 11,000.00 12.000.00Austrian shilling 925.70 908.30Australian dollar 1 6,926.40 7,457.60Belgian franc 1 302.00 323.70Canadian dollar 1 7,634.
Fri, 15 May 1998
Business community nervous about change in leadership
Business community nervous about change in leadership The death of four students on Tuesday ignited riots and heightened social and political tension. Economist Sri Mulyani Indrawati, vice chairwoman of the University of Indonesia's Center for Social and Economic Studies, discusses the impact of...
Fri, 15 May 1998
Stop the rampage
Stop the rampage Every thinking person must be appalled by the anarchy -- there really is no other word for it -- that engulfed much of Jakarta yesterday. For two days in a row since Wednesday, the day following the tragic death of four demonstrating students at Jakarta's Trisakti University, the...
Fri, 15 May 1998
New Jakarta Ensemble to perform in New York
New Jakarta Ensemble to perform in New York JAKARTA (JP): New Jakarta Ensemble will make its North American debut with a unique mix of East and West at the Asia Society in New York next week.Using drums, wood blocks, Tibetan singing bowls, bells, flutes, gongs and other instruments from Indonesia...
Fri, 15 May 1998
Gen. Wiranto apologizes for shootings
Gen. Wiranto apologizes for shootings JAKARTA (JP): The Armed Forces formally apologized for the fatal shooting of four Trisakti University students on Tuesday and said that three soldiers were killed when rioting erupted in many parts of Jakarta yesterday.
Fri, 15 May 1998
Estrada warns poll cheaters
Estrada warns poll cheaters MANILA (Reuters): Joseph Estrada, whom many in the Philippines except his top rival believe has won the presidential election, warned officials not to cheat him of victory.An unofficial count showed him leading by over one million votes.
Fri, 15 May 1998
Palmoil quiet in Europe as traders watch Indonesia
Palmoil quiet in Europe as traders watch Indonesia LONDON (Reuters): Crude palm oil sellers were unchanged at the opening of the European vegetable oil market yesterday despite the increasing unrest in Indonesia.
Fri, 15 May 1998
Ship fares rise 30 percent
Ship fares rise 30 percent MANADO, North Sulawesi: The tariff for economy class tickets on passenger ships here has gone up 30 percent.Antara reported yesterday that Governor E.E. Mangindaan had signed a letter Wednesday approving the increase from Rp 99 per kilometer for each passenger to Rp 129.
Fri, 15 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 14, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 25 7,000 Alumindo Light Metal 225 -25 20,000 Alumindo...
Fri, 15 May 1998
Riots, looting paralyze Jakarta
Riots, looting paralyze Jakarta JAKARTA (JP): The capital looked like a war zone yesterday as thousands of people damaged and burned hundreds of buildings and vehicles and looted the contents of the destroyed properties.
Fri, 15 May 1998
Borneo Festival to be held
Borneo Festival to be held PALANGKA RAYA, Central Kalimantan: The city will host the third Borneo Festival which is to be opened on May 22 by Minister of Tourism, Arts and Culture Abdul Latief, Antara reported yesterday.
Fri, 15 May 1998
Soeharto cuts short his trip to Cairo
Soeharto cuts short his trip to Cairo JAKARTA (JP): President Soeharto cut short his trip to Cairo and flew home yesterday after holding a meeting with Egyptian President Hosni Mubarak on efforts to improve bilateral ties.
Fri, 15 May 1998
Juwono says RI slow to fight fires
Juwono says RI slow to fight fires SAMARINDA, East Kalimantan: State Minister of Environment Juwono Sudarsono said yesterday Indonesia reacted slowly and passively in handling its forest fires, and that it only responded when the fires grabbed international attention."We have to admit this weakness.
Fri, 15 May 1998
Taiwan agrees to give Indonesia rice as aid
Taiwan agrees to give Indonesia rice as aid TAIPEI (Reuters): Taiwan, eager to lend a helping hand to the financially battered Southeast Asia, said yesterday it would aid Indonesia with 200,000 tons of rice.
Fri, 15 May 1998
Jalan Jalan takes Jakarta entertainment to new heights
Jalan Jalan takes Jakarta entertainment to new heightsBy Marieke Van Heek JAKARTA (JP): On the top floor of one of the highest office buildings in Jakarta's business district, a nightclub enjoys a full house every weekend. The normally deserted parking lot around Menara Imperium on Jl.
Fri, 15 May 1998
Nuclear tests shift strategic balance in Asia
Nuclear tests shift strategic balance in AsiaBy Olaf Jahn HONG KONG (DPA): India has suddenly pushed itself into the ranks of key players in any calculation of Asia's strategic balance. The shockwaves from its unexpected nuclear tests have been felt as far away as Japan and Indonesia, and very...
Fri, 15 May 1998
Bangkok Bank quits Jakarta
Bangkok Bank quits Jakarta BANGKOK (Reuters): Bangkok Bank Plc. said yesterday it had suspended banking operation in Jakarta due to spreading riots.A Bangkok Bank executive said his bank had informed Indonesian and Thai central bank authorities of what he called a temporary business suspension in...
Fri, 15 May 1998
Asian markets sweat over Indonesia meltdown fears
Asian markets sweat over Indonesia meltdown fears SINGAPORE (Reuters): A third day of anti-government riots in Jakarta cut short an early rebound on most Asian markets yesterday as traders again quaked in the shadow of Indonesia's worsening social and political crisis.
Fri, 15 May 1998
Religious leaders decry violence
Religious leaders decry violence JAKARTA (JP): Religious leaders of different faiths in the country joined hands yesterday in deploring the widespread violence of recent days, imploring all parties to show restraint.
Fri, 15 May 1998
Deutsche closes RI units
Deutsche closes RI units SINGAPORE (Reuters): Deutsche Bank AG said yesterday it had temporarily closed its branches in Jakarta and Surabaya, Indonesia."Due to the deterioration of the situation in Indonesia we have taken the decision to temporarily close our branches in Jakarta and Surabaya," the...
Fri, 15 May 1998
Student demonstrations continue
Student demonstrations continue JAKARTA (JP): Thousands of university students in the city continued to demonstrate yesterday by holding free-speech forums on their campuses.At the University of Indonesia (UI) campus in Salemba, Central Jakarta, students gathered to hear speeches by, among others,...
Fri, 15 May 1998
First Pacific says RI exposure at minimal level
First Pacific says RI exposure at minimal level HONG KONG (Reuters): First Pacific Co Ltd said yesterday the company's exposure to Indonesia was minimal with less than one percent of its profit derived from the country.
Fri, 15 May 1998
Government critics ask Soeharto to step down
Government critics ask Soeharto to step down JAKARTA (JP): A group of 44 leading government critics, including Amien Rais, senior journalist Goenawan Mohamad and senior economist Emil Salim, established the Majelis Amanah Rakyat (Council for People's Mandate) last night and demanded President...
Fri, 15 May 1998
Rizal Nurdin elected governor
Rizal Nurdin elected governor MEDAN, North Sumatra: Maj. Gen. T. Rizal Nurdin, the former chief of Bukit Barisan Military Command, saw off challenges from rivals Usman Pelly and A.M. Situmorang and was elected North Sumatra governor for 1998/2003 yesterday.
Fri, 15 May 1998
S&P assigns 'B-' to APP
S&P assigns 'B-' to APP JAKARTA (JP): International rating agency Standard & Poor's assigned a "B-" long-term rating yesterday to APP Finance (VII) Mauritius Ltd.'s US$500 million convertible notes due April 2003.
Fri, 15 May 1998
Foreign embassies urge their nationals to show caution
Foreign embassies urge their nationals to show caution JAKARTA (JP): The United States embassy here issued a travel warning urging U.S. citizens to defer non-essential travel to Indonesia and suggesting that those working here may wish to consider leaving the country due to the deteriorating...
Fri, 15 May 1998
Students hit by crisis
Students hit by crisis YOGYAKARTA: Some 4,000 Gadjah Mada University students may have to take a vacation from their studies because of financial difficulties, its rector, Ichlasul Amal, said here Wednesday.
Fri, 15 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Art Exhibition: Works of Suromo, at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), 10 a.m. to 8 p.m., until May 28. * Painting Exhibition: Study for Distance by Hanafi, at Galerie Focus, Jl. Kemang Selatan X B No.
Fri, 15 May 1998
Coffee sharply increases
Coffee sharply increases LONDON (Reuters): LIFFE robusta coffee raced higher yesterday morning as worries over Indonesia's worsening social unrest and market talk of Vietnamese and Indonesian origin defaults sparked speculative buying.
Fri, 15 May 1998
Hang Seng's exposure to RI
Hang Seng's exposure to RI HONG KONG (Reuters): Hang Seng Bank Ltd. said yesterday it had very limited exposure to Indonesia."Our exposure to Asian countries is immaterial," a bank spokeswoman said. "Our main focus is Hong Kong.
Fri, 15 May 1998
Transportation fees
Transportation feesFrom Media IndonesiaTo accept the price increase of gasoline is like swallowing a bitter pill for the society, otherwise our state budget will have to shoulder a heavy burden if subsidies must be retained.
Fri, 15 May 1998
Protesters take over radio station in Semarang
Protesters take over radio station in Semarang JAKARTA (JP): Thousands of student protesters in the Central Java capital of Semarang, joined by hundreds of city residents, took over the state-owned Radio Republik Indonesia station yesterday forcing the radio station to air their demands for reform.
Fri, 15 May 1998
Pertamina ready for free market
Pertamina ready for free market JAKARTA (JP): State oil and gas company Pertamina is beefing up its operations to enable it compete with multinational oil companies in the distribution and sale of fuel in the domestic market.
Fri, 15 May 1998
Foreign wholesalers banned
Foreign wholesalers banned JAKARTA (JP): The government has prohibited foreign wholesalers and distributors from entering the domestic retail market.A decree issued by State Minister of Investment Sanyoto Sastrowardoyo on Wednesday states that the ban came into effect April 30, Antara reported...
Fri, 15 May 1998
Hot debate over Soeharto's offer to step aside
Hot debate over Soeharto's offer to step aside JAKARTA (JP): President Soeharto's reported remarks that he was prepared to resign if people no longer trusted him provoked a wide debate here yesterday, in spite of a correction by Foreign Minister Ali Alatas from Cairo.
Fri, 15 May 1998
Caring for the 'little people'
Caring for the 'little people'From RepublikaIt is the little people who suffer most because of the increase in fuel prices. It is practically a certainty that there will be very bad social upheavals which will bring the country into further chaos.
Fri, 15 May 1998
Govt sets resource rent taxes at six percent
Govt sets resource rent taxes at six percent JAKARTA (JP): The government has introduced resource royalty provisions, or rent taxes, on the country's timber companies to replace mandatory forest royalties.According to Government Regulation No.
Fri, 15 May 1998
KL, Jakarta agree on ICJ ruling
KL, Jakarta agree on ICJ ruling JAKARTA (JP): Indonesia and Malaysia have formally agreed to accept any future ruling made by the International Court of Justice (ICJ) on the disputed Sipadan and Ligitan islands.