Archive: 20 May 1998
60 articles found
Wed, 20 May 1998, 00:00 WIB
Foreign embassies continue to urge their citizens to leave
Foreign embassies continue to urge their citizens to leave JAKARTA (JP): Several foreign embassies here urged their citizens yesterday evening to immediately leave the country in anticipation of today's large-scale demonstrations to commemorate National Awakening Day.
Wed, 20 May 1998, 00:00 WIB
Human rights defense committee
Human rights defense committee BOGOR (JP): A group of nine activists declared yesterday the establishment of the Human Rights Defense Committee (Kopham) aimed at helping people who have been victimized during the current political violence, either by security officers or rioters. "The establishment of Kopham is intended to help anybody who falls victims to the political violence and the help is given primarily on humanity, law and justice consideration," Gartono, one of the activists, said.
Wed, 20 May 1998, 00:00 WIB
Put a stop to carnage
Put a stop to carnage From Kompas We deplore the clash between Mercu Buana University students and security forces on the university campus. The clash resulted in many injured victim. The damage to the campus discredits our security forces, who seem to be increasingly repressive and brutal. We from the Mercu Buana University Lecturers' Communication Forum deplore this physical clash that caused losses on both sides.
Wed, 20 May 1998, 00:00 WIB
Some expatriates choose to remain in Jakarta
Some expatriates choose to remain in Jakarta JAKARTA (JP): While thousands of foreigners join the race to the airport due to the country's uncertain political situation and last week's riots, there are some expatriates who have decided to sit tight. These few exceptions are not journalists, nor even embassy staff. Speaking to The Jakarta Post yesterday, they pledged to stay in the capital come what may. "I've been here in better times, why should I leave in bad times?" said Franz V.
Wed, 20 May 1998, 00:00 WIB
New bylaw on advertisement tax deliberated
New bylaw on advertisement tax deliberated JAKARTA (JP): City Council is currently deliberating a new municipality bylaw on the taxation of advertisements to replace existing Bylaw No. 10 approved in 1989, councilor Lukman F. Mokoginta said yesterday. Lukman said that based on the proposed bylaw the tax would be set at an average of 25 percent of the advertisement's value.
Wed, 20 May 1998, 00:00 WIB
Indonesia to play Denmark in Uber semis
Indonesia to play Denmark in Uber semis HONG KONG (Agencies): Mia Audina, a teenage heroine for Indonesia in its last two Uber Cup women's team badminton triumphs, lifted her game yesterday to help the holder to a vital win over South Korea. Indonesia's 3-2 victory ensured it finished top of group B and will meet group A runner-up Denmark in the semifinals tomorrow. The other semifinal pit hot favorite China, which blanked Denmark 5-0 later yesterday, against South Korea.
Wed, 20 May 1998, 00:00 WIB
Soeharto's offer is the maximum: Analyst
Soeharto's offer is the maximum: Analyst JAKARTA (JP): President Soeharto's offer to hold a general election and not run for the presidency in the ensuing General Session of the People's Consultative Assembly (MPR) is the most he could offer to the nation, constitutional law expert Yusril Ihza Mahendra said yesterday. "This is the highest political compromise, which we hope will spare the nation from further catastrophe.
Wed, 20 May 1998, 00:00 WIB
Religious tolerance in RI
Religious tolerance in RI By June Santosa This is the first of two articles on religious tolerance in Indonesia. JAKARTA (JP): When the news broke that Amien Rais had received an invitation to appear before U.S. Congress and testify in connection with the Freedom from Religious Persecution Act of 1997 bill, it created quite a stir. Some considered the invitation as an affirmation of Amien's credibility in the international world.
Wed, 20 May 1998, 00:00 WIB
Thai millers fear RI corn defaults
Thai millers fear RI corn defaults BANGKOK (Reuters): Thai feed mills, fearing that Indonesian unrest and overselling of its corn might lead to defaults, are seeking new zero-tariff corn import quotas from the Thai government, trade sources said yesterday. Many feared they would not be able to cover their needs from Indonesia by the end-June deadline set by the government and that could be exacerbated by a local crop delay, they told Reuters.
Wed, 20 May 1998, 00:00 WIB
Australia welcomes Soeharto poll pledge
Australia welcomes Soeharto poll pledge CANBERRA (Agencies): Australian Prime Minister John Howard praised President Soeharto yesterday for pledging fresh elections in which he would not be a candidate. But he said it was important for Soeharto to implement his reforms quickly to ensure they were credible. Howard said he hoped further violence in Indonesia, Australia's nearest neighbor, could now be avoided.
Wed, 20 May 1998, 00:00 WIB
Market upbeat following Soeharto's speech
Market upbeat following Soeharto's speech JAKARTA (JP): The country's financial market responded positively to President Soeharto's offer yesterday to step down after fresh elections, but analysts warned of more uncertainty. The rupiah bounced back sharply to 12,000 against the U.S. dollar after Soeharto announced his offer, compared to 16,000 in early trade on the Jakarta spot market, currency dealers said.
Wed, 20 May 1998, 00:00 WIB
Government cuts fares for public transportation
Government cuts fares for public transportation JAKARTA (JP): The government has reduced land, sea and air transportation fares from today, following last week's reduction in fuel prices. Communications Minister Giri Suseno finally agreed to cut public transport fares on Monday night, after a twelve hour hearing in the House of Representatives. Fares were raised on May 5 following a steep increase in fuel prices.
Wed, 20 May 1998, 00:00 WIB
BI rules out another rise in interest rates
BI rules out another rise in interest rates JAKARTA (JP): Indonesia's monetary authority ruled out yesterday the possibility of a further increase in interest rates to help the ailing rupiah. Bank Indonesia (BI) Governor Sjahril Sabirin said that interest rates would not be increased until political turmoil in the country came to an end.
Wed, 20 May 1998, 00:00 WIB
Soeharto's statement boosts Asian markets
Soeharto's statement boosts Asian markets HONG KONG (AP): From Jakarta to Tokyo, Asia's battered markets generally rose yesterday after Indonesian President Soeharto announced that he would institute reforms, call new elections and ultimately step down. Nowhere was the reaction as strong as in beleaguered Indonesia. Although trading volume was low, the JSX Composite Index surged 24.90 points, or 6.4 percent, to 413.82 on Soeharto's announcement.
Wed, 20 May 1998, 00:00 WIB
Soeharto sets his on terms
Soeharto sets his on terms JAKARTA (JP): President Soeharto succumbed yesterday to strong public pressures for him to resign, but he set his own terms on how and when he will step down. It will not be now or anytime soon. And he will not resign per se but will make way for a successor. Soeharto proposed to hold a new general election soon and then convene a meeting of the People's Consultative Assembly (MPR) to elect the president.
Wed, 20 May 1998, 00:00 WIB
Asian currencies perk up on Soeharto's poll pledge
Asian currencies perk up on Soeharto's poll pledge SINGAPORE (Reuters): Indonesian President Soeharto's promise of fresh elections in which he would not stand as a candidate cheered Asian currency markets yesterday, but dealers and analysts said the gains could prove short-lived. The rupiah, which fell to lows of 16,000 to the dollar early in Singapore, shot toward the 11,000 level after Soeharto addressed the country in a live telecast.
Wed, 20 May 1998, 00:00 WIB
Reform stickers sell well
Reform stickers sell well SEMARANG, Central Java: One of the hottest selling items in the city here are stickers expressing support for the reform movement. Small traders in the provincial capital have taken advantage of the reform hysteria by printing stickers carrying various reform slogans. Vendors said they could sell between 200 to 300 stickers a day at between Rp 2,500 and Rp 3,000 each. "Last month, we could sell only about 50 stickers at a price of Rp 1,000 a piece.
Wed, 20 May 1998, 00:00 WIB
Riot aftermath hits courtrooms
Riot aftermath hits courtrooms JAKARTA (JP): Last week's massive rioting has brought justice to a halt in courtrooms, with just a few justice seekers appearing in court as scheduled and many suspects' detentions being extended, court officials said yesterday. The city's five district courts were still quiet yesterday after huge riots jolted the city Wednesday and Thursday. Central Jakarta District Court chief I.G.K.
Wed, 20 May 1998, 00:00 WIB
30,000 students demonstrate at House building
30,000 students demonstrate at House building JAKARTA (JP): The vast compound and complex of the domed House of Representatives was speckled with the bright colors of the university jackets worn by students yesterday. The scene looked like a gigantic rainbow, made all the more colorful by the banners and noisy speeches demanding the immediate resignation of President Soeharto.
Wed, 20 May 1998, 00:00 WIB
No ban on TV news coverage: Govt
No ban on TV news coverage: Govt JAKARTA (JP): Minister of Information Alwi Dahlan denied issuing an order banning television stations from airing news reports of the recent riots and growing reform movement yesterday. But he acknowledged that a television pool had been set up to reduce the number of field reports covering the riots, saying that "unproportional reporting" only served to insight further commotion. "I think there has been a misunderstanding.
Wed, 20 May 1998, 00:00 WIB
Planned massive rally may affect public life
Planned massive rally may affect public life JAKARTA (JP): Fearing possible unrest due to a massive antigovernment rally scheduled for this morning, most activities in the capital will be temporarily closed today. Unlike in previous years, only a few people -- mostly state employees -- are expected to attend the annual flag-raising ceremony held on the morning of National Awakening Day because most schools, universities, banks and offices will be closed.
Wed, 20 May 1998, 00:00 WIB
30,000 students take over the House
30,000 students take over the House JAKARTA (JP): Around 30,000 students demonstrating for reform stormed the House of Representatives/People's Consultative Assembly building in Senayan yesterday in their biggest show of force yet. Arriving in waves of buses and clad in various varsity colors, the students had a field day in the compound where security was virtually non-existent. They chanted slogans for reform, shouted criticism of the government and demanded that President Soeharto step down.
Wed, 20 May 1998, 00:00 WIB
Provincial council rejects Soewardi
Provincial council rejects Soewardi SEMARANG, Central Java: Central Java provincial council factions has called on outgoing Governor Soewardi not to participate in the next gubernatorial election. "We hope Governor Soewardi will wholeheartedly waiver renomination for the 1998/2003 period," Col. Didi Soepardi of the Armed Forces faction said here yesterday.
Wed, 20 May 1998, 00:00 WIB
Indonesian unrest pushes Japanese banks to raise loss reserves
Indonesian unrest pushes Japanese banks to raise loss reserves TOKYO (Reuters): Top Japanese banks slow to respond despite their large exposure to companies in Indonesia will now have to speed up precautionary steps, analysts said yesterday. Concern over social unrest and possible political instability in Indonesia will force Japanese banks with exposure totaling about $23 billion to consider sharply increasing their loan loss reserves, they said.
Wed, 20 May 1998, 00:00 WIB
Kia maintains RI project
Kia maintains RI project SEOUL (Reuters): South Korea's Kia Motors Corp said yesterday it would go ahead with its plan to build a joint venture car plant near Jakarta despite political and economic turmoil in Indonesia. Kia began to build a plant in Cikampek, about 60 miles east of Jakarta, in cooperation with Timor Putra National (TPN) since February 1997. A Kia spokesman said the plant was meant to be completed by the end of this year and churn out 30,000 cars annually.
Wed, 20 May 1998, 00:00 WIB
Union Texas tender offer still on despite unrest
Union Texas tender offer still on despite unrest NEW YORK (Reuters): Atlantic Richfield Co. said on Monday that its planned $3.3 billion acquisition of Union Texas Petroleum Holdings Inc. would not be derailed by escalating unrest in Indonesia, where both have large interests. "The tender offer remains in effect," said Al Greenstein, a spokesman for the Los Angeles-based oil major.
Wed, 20 May 1998, 00:00 WIB
BI's net domestic assets valued at minus Rp 30.81t
BI's net domestic assets valued at minus Rp 30.81t JAKARTA (JP): Bank Indonesia's net domestic assets (NDA) were valued at minus Rp 30.81 trillion (US$2.8 billion) as of May 15, indicating a monetary expansion of Rp 9.54 trillion against the previous week's level. The central bank said in a statement yesterday that the May 15 level was, however, still within the maximum limits allowed by the International Monetary Fund (IMF).
Wed, 20 May 1998, 00:00 WIB
Scavengers find windfall in the ruins of Glodok
Scavengers find windfall in the ruins of Glodok JAKARTA (JP): Hundreds of scavengers scoured the burned shell of the Glodok electronics market in downtown Jakarta yesterday, collecting what was left of the buildings set ablaze by rioters on Thursday. The electronics market, billed as the biggest in the country, consisted of four main buildings located on Jl. Gajah Mada, Jl. Hayam Wuruk and Jl. Pinangsia.
Wed, 20 May 1998, 00:00 WIB
WB, bankers delay debt talks amid Indonesia storm
WB, bankers delay debt talks amid Indonesia storm WASHINGTON (Reuters): Big World Bank loans and talks on commercial debt rescheduling became the latest casualties on Monday of Indonesia's political storm. The World Bank, which had been due to debate $1.2 billion of new loans on Tuesday, postponed discussions until the situation became clearer in the strife-torn country, where 500 people died in four days of rioting last week.
Wed, 20 May 1998, 00:00 WIB
Amien vows to go on with demos despite Soeharto's promise
Amien vows to go on with demos despite Soeharto's promise JAKARTA (JP): President Soeharto's promise to see through reform is not good enough and plans to hold massive demonstrations to convince him to step down will go ahead, Moslem scholar Amien Rais said. "His statement shows that he is not willing to step down, that he is ignoring the aspirations of his own people," said Amien, who has become Indonesia's leading opposition figure.
Wed, 20 May 1998, 00:00 WIB
Japan's car projects in Indonesia remain on hold
Japan's car projects in Indonesia remain on hold TOKYO (Reuters): With Indonesia mired in political and economic turmoil, Japanese carmakers that have invested heavily there are halting plants and projects, worried that a recovery may prove increasingly elusive. Big carmakers such as Nissan Motor Co and Mitsubishi Motors Corp said yesterday that automotive projects planned for Indonesia remained on hold and could be delayed further by political instability.
Wed, 20 May 1998, 00:00 WIB
Political turmoil 'could spell economic chaos'
Political turmoil 'could spell economic chaos' JAKARTA (JP): Continuing political turmoil will only serve to devastate the country's beleaguered economy and postpone the recovery processes indefinitely, economists said yesterday.
Wed, 20 May 1998, 00:00 WIB
New leader needed
New leader needed Last Thursday's events showed what happens when policies of greed, extortion, vengeance and disrespect for property, which have been common among the elite in Indonesia, are emulated by a mob of ordinary people unrestrained by feeling of individual responsibility or fear of sanctions. In order to prevent recurrences, it is necessary to introduce more effective policing and to improve the economic and political conditions which have nurtured such deep anger and resentment.
Wed, 20 May 1998, 00:00 WIB
Officers questioned for Trisakti shootings
Officers questioned for Trisakti shootings JAKARTA (JP): At least four senior security officers have been questioned over their alleged roles in the fatal shooting of four students from Trisakti University last week, an official said yesterday. "They have not been arrested because the investigation is still going on," Jakarta Military Police Commander Col. Hendardji told The Jakarta Post.
Wed, 20 May 1998, 00:00 WIB
Governor tells looters to relinquish plunder
Governor tells looters to relinquish plunder JAKARTA (JP): Governor Sutiyoso has called on residents to relinquish goods plundered during last week's riots, which saw widespread looting and wanton destruction of private and public property. "Looting is haram (forbidden in Islamic law). It's better to live a poor life than to plunder other people's property," he told a crowd when visiting Kapuk, North Jakarta, on Monday.
Wed, 20 May 1998, 00:00 WIB
House formally asks Soeharto to resign
House formally asks Soeharto to resign JAKARTA (JP): The House of Representatives formally asked President Soeharto yesterday to immediately step down for the sake of the nation's unity and integrity. The decision was made in a meeting between House leaders and the leaders of the four factions: Golkar, the Armed Forces, the United Development Party (PPP) and the Indonesian Democratic Party (PDI).
Wed, 20 May 1998, 00:00 WIB
Jumping on the reform bandwagon
Jumping on the reform bandwagon The current reform drive appears to have been given considerable added momentum yesterday (Monday) by the House of Representatives. Amid the cheers of students and leading critics the chairman and vice chairmen of the House, who have thus far been accused of dragging their feet and unresponsiveness, issued a formidable statement.
Wed, 20 May 1998, 00:00 WIB
Caught in the cross fire -- people reflect on the riots
Caught in the cross fire -- people reflect on the riots JAKARTA (JP): To Indonesians nationwide, the May 14 incident will be remembered as a day of burning, rampant looting and the unnecessary loss of hundreds of lives. The day Jakarta was burned to the ground. Some suffered tragic losses while others gained from them. The following are some telling examples. Piping Mulyadi, 28, owned a paint store on Jl.
Wed, 20 May 1998, 00:00 WIB
Waves sweep away 130 houses
Waves sweep away 130 houses BANDA ACEH, Aceh: At least 130 houses were swept away by huge waves that hit two villages in Johan Pahlawan district, West Aceh. The coastal area faces the Indian Ocean. Antara news agency reported yesterday that vast waves had hit the two villages since May 14, 1998, and the local administration had yet to announce how many lives had been claimed.
Wed, 20 May 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 19, 1998: Buying Selling Rp Rp U.S.
Wed, 20 May 1998, 00:00 WIB
Notice
Notice Due to the country's current political situation, The Jakarta Post will appear tomorrow despite the national holiday observing the Ascension Day of Jesus Christ. -- Publisher
Wed, 20 May 1998, 00:00 WIB
RI seen to import less gas oil
RI seen to import less gas oil SINGAPORE (Reuters): Indonesia may import less gas oil in May than previously committed, threatening to back out more supplies into the bearish Singapore market, traders said yesterday. They said the delivery of previously committed gas oil cargoes into Indonesia have come under controversy as sellers distrust the country's credit. "Many cargoes were committed long ago but operationally, they are now in question," one trader said.
Wed, 20 May 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 19, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 250 50 80,000 Alumindo Perkasa 350 0 0 Aneka Kimia Raya 300 0 0 Aneka Tambang 1,250 100 779,500 Anwar Sierad 125 0 0 Apac Centertex Corp.
Wed, 20 May 1998, 00:00 WIB
Japanese coffee buyers face supply shortages
Japanese coffee buyers face supply shortages TOKYO (Reuters): Japanese coffee bean buyers may face a supply shortage if Indonesia's political upheaval causes further delays in shipments ahead of the peak demand season for coffee, traders said yesterday. "Unless the situation in Indonesia calms down within the next week or two, we will face a serious situation," said a trader at a leading trading house.
Wed, 20 May 1998, 00:00 WIB
Palm oil prices unchanged
Palm oil prices unchanged LONDON (Reuters): Crude palm oil prices were unchanged at the opening of the European vegetable oil market yesterday but traders said the market felt very much like it was at the eye of a storm. "Every one is waiting to see what happens in Indonesia on Wednesday," said one. Officials in North Sumatra said the port of Belawan, the main loading port for palm oil, export activity had slowed owing to affects of the riots.
Wed, 20 May 1998, 00:00 WIB
Yogyakarta's Sultan to lead massive reform rally
Yogyakarta's Sultan to lead massive reform rally YOGYAKARTA (JP): Sri Sultan Hamengkubuwono X will lead a crowd expected to reach up to 200,000 in a rally here today to commemorate National Awakening Day. The Sultan's younger brother, Gusti Jojokusumo, said the traditional ruler of Yogyakarta had given his blessing for people to gather in front of the palace. He said the general population of the city had been urged to peacefully participate in the rally.
Wed, 20 May 1998, 00:00 WIB
Hagemeyer hit by unrest
Hagemeyer hit by unrest AMSTERDAM (Reuters): An Indonesian warehouse used by a unit of Dutch trading company Hagemeyer lost its entire stock in rioting last weekend, the firm said yesterday. It gave no value for the goods destroyed. Hagemeyer said the goods, which were fully insured, were destroyed by fire. There was no loss of life. Hagemeyer is active in Indonesia through its Tech Pacific unit. The group employs 135 people in Indonesia generating an annual turnover of 50 million guilders.
Wed, 20 May 1998, 00:00 WIB
CNG price reduced
CNG price reduced JAKARTA (JP): State oil and gas company Pertamina has reduced the retail price of compressed natural gas (CNG) by 18 percent to Rp 450 (4.5 U.S. cents) per liter. Soegianto, in a decree issued yesterday, said Pertamina would have a profit margin of Rp 6.5 per liter based on the new price, while CNG traders could have a profit margin of between Rp 165 and Rp 205 per liter. CNG, considered an environmentally friendly fuel, is mostly used by taxis.
Wed, 20 May 1998, 00:00 WIB
Hotel occupancy rates drop sharply
Hotel occupancy rates drop sharply SEMARANG, Central Java: Hotels here have experienced a sharp drop in foreign patrons in recent days following a spate of riots that have rocked parts of the country, hoteliers said. Graha Santika hotel spokesman Deiny Agung Moejantoro said yesterday the hotel had seen the nightly room occupancy rate drop from 50 percent to 27 percent.
Wed, 20 May 1998, 00:00 WIB
Bank Bali clarifies
Bank Bali clarifies With reference to the article Riots, looting rock Jakarta on your front page on May 15, we would like to clarify as follows: It is incorrect that an employee of Bank Bali threw away millions of rupiah to the rioting mass to save the bank from violent attack by the mob. I G.M. MANTERA Deputy President Director Bank Bali, Jakarta Note: We picked up the report from Antara news agency. Sorry for any inconvenience caused. -- Editor
Wed, 20 May 1998, 00:00 WIB
EPA wants to help Indonesia
EPA wants to help Indonesia TOKYO (Reuters): Economic Planning Agency (EPA) head Koji Omi said yesterday he wanted Japan to take "appropriate" steps to help Indonesia, including financial aid. Omi told a regular news conference he was not in a position now to say what steps Japan might take but that he thought Tokyo should help facilitate economic development in Indonesia after the political situation there stabilizes.
Wed, 20 May 1998, 00:00 WIB
ASEAN will observe Cambodian elections
ASEAN will observe Cambodian elections MANILA (AP): Southeast Asian countries will send 75 observers to the July 26 Cambodian elections to help ensure orderly polls, an official said yesterday. Philippine Undersecretary of Foreign Affairs Lauro Baja said the nine members of the Association of Southeast Asian Nations (ASEAN) agreed to shoulder the costs of sending the observers.
Wed, 20 May 1998, 00:00 WIB
Business as usual for DHL courier company in Indonesia
Business as usual for DHL courier company in Indonesia JAKARTA (JP): Courier company DHL Worldwide Express is maintaining operations in Indonesia, despite the deteriorating political situation, the company said yesterday. Michael Fitzpatrick, senior technical advisor of PT Birotika Semesta, a local DHL partner, said in a statement that the company continued to accept all requests to deliver packages and documents, despite the difficulties posed by last weeks rioting and looting.
Wed, 20 May 1998, 00:00 WIB
26 caught for suspicious goods
26 caught for suspicious goods JAKARTA (JP): Twenty-six people have been arrested in the Bakauheni port, Lampung, on charges of attempting to smuggle in goods they looted here and in Tangerang during last week's riots. Lampung police chief Col. Gendro Budi Santoso said yesterday the suspects arrested on Monday and Tuesday were mostly from Jakarta.
Wed, 20 May 1998, 00:00 WIB
Rubber down on profit-taking
Rubber down on profit-taking SINGAPORE (Reuters): Singapore rubber futures closed lower yesterday amid minor profit-taking from recent gains, traders said. Rubber futures firmed recently on worries that riots in Indonesia would lead to a shortage of supply. "Some are now hoping the political and economic situation in Indonesia will improve after Soeharto's speech and tensions in the market will ease a little," said one trader.
Wed, 20 May 1998, 00:00 WIB
Malaysian politician tried for smuggling
Malaysian politician tried for smuggling BRISBANE, Australia (AP): A former Malaysian politician was carrying so much cash when he boarded a plane in Australia in 1996 that his bag weighed almost four times the limit for carry- on luggage, a court heard yesterday. Muhammad Muhammad Taib, 51, a former chief minister of Selangor state, pleaded not guilty in the District Court to two cash-smuggling charges relating to a total of more than US$740,000 in foreign currency found in his luggage.
Wed, 20 May 1998, 00:00 WIB
Contradicting education laws
Contradicting education laws From Kompas Article 36, paragraph 1 of Education Law No. 2/1989 on the national education system says: "The cost of state education shall be the responsibility of the government." Whereas article 17, paragraph 1 of Law No. 28/1990 on elementary education and article 18, paragraph 1 of Law No.
Wed, 20 May 1998, 00:00 WIB
Taiwan investors in RI warned of China
Taiwan investors in RI warned of China TAIPEI, Taiwan (AP): Officials warned Taiwanese investors in turbulent Indonesia yesterday against moving their money to China, saying the Asian giant's economy was on shaky ground. Defending a policy of limiting Taiwanese investment in its hostile neighbor, Lin Chong-pin, vice chief of the Cabinet's Mainland Affairs Council, urged investors to "think hard" before moving their money to the mainland.
Wed, 20 May 1998, 00:00 WIB
More turmoil ahead?
More turmoil ahead? Tragic. This single word probably sums up better than any other the grim reality that what some people see as a major concession by President Soeharto has been received with skepticism and even downright rejection by the President's most prominent critics.
Wed, 20 May 1998, 00:00 WIB
Lyonnais makes RI provisions
Lyonnais makes RI provisions PARIS (Reuters): French state-owned bank Credit Lyonnais has made US$40 million in special provision for Indonesia risks and has cut its outstanding debt to South Korean companies by 25 percent in 1998. The bank yesterday confirmed statements by its chairman Jean Peyrelevade made at a Hong Kong symposium and reported in French newspapers. Credit Lyonnais has a three billion franc overall provision for Asia risks which it has not touched.