Archive: 9 May 1998
61 articles found
Sat, 09 May 1998
Estrada claims victory three days before RP elections
Estrada claims victory three days before RP elections MANILA (Agencies): Vice President Joseph Estrada, the main opposition presidential candidate, claimed victory yesterday, three days before elections to choose a successor to President Fidel Ramos."It's all over but the counting," Estrada said.
Sat, 09 May 1998
Falls, comebacks mark trading in Asian markets
Falls, comebacks mark trading in Asian markets HONG KONG (AP): Asian stock markets ended the week generally mixed yesterday, with share prices tumbling in South Korea but rebounding both in Tokyo and Hong Kong.
Sat, 09 May 1998
Naharuddin leads RI boys to semis
Naharuddin leads RI boys to semis JAKARTA (JP): Naharuddin was the unlikely hero of the Indonesian boys' team when it outlasted stubborn South Korea 2-1 to reach the semifinals of the World Junior Tennis Championship Asia/Oceania qualifier yesterday.
Sat, 09 May 1998
Bambang resigns from VDH
Bambang resigns from VDH SINGAPORE (Reuters): Infrastructure engineering firm Van Der Horst (VDH) said yesterday that President Soeharto's second son Bambang Trihatmodjo had resigned as a director.Bambang remained a substantial shareholder with a deemed interest of 6.
Sat, 09 May 1998
Syarwan says nation on brink of collapse
Syarwan says nation on brink of collapse JAKARTA (JP): House of Representatives (DPR) Deputy Speaker Syarwan Hamid said yesterday the nation could collapse altogether if it failed to carry out political reform.
Sat, 09 May 1998
Business tremors may make L/C guarantee futile
Business tremors may make L/C guarantee futile JAKARTA (JP): Drained confidence in the domestic economy and business sector may undermine the workability of the billion- dollar letter of credit guarantee available from the country's major trading partners, importers said yesterday.
Sat, 09 May 1998
Gamblers get 3.5 months
Gamblers get 3.5 months JAKARTA (JP): The North Jakarta District Court has sentenced 20 people, mostly blue-collar workers, to 3.5 months for gambling.Judge Azynar Abbas said in his verdict Thursday that the defendants were caught red-handed gambling with dice at Kalijodo red-light district on Jan.
Sat, 09 May 1998
Mardiyanto backed by many
Mardiyanto backed by many SEMARANG, Central Java: The head of the Armed Forces faction in the provincial legislature here, Col. Suparto, said his faction had received dozens of letters urging it to support the nomination of Maj. Gen. Mardiyanto to replace incumbent Soewardi as governor.
Sat, 09 May 1998
Wheat stocks enough for RI
Wheat stocks enough for RI SYDNEY (Reuters): Australia still had plenty of wheat available to sell to Indonesia even though the latest crop was sold out for non-regular buyers, Tim Dewan, the Australian Wheat Board's (AWB) Southeast Asian regional manager, told Reuters.
Sat, 09 May 1998
IMF partly to blame for the misery
IMF partly to blame for the miseryBy Steven Susanto JAKARTA (JP): It is not hard to get the impression that the International Monetary Fund forced the government of Indonesia to liquidate 16 banks in November 1997.
Sat, 09 May 1998
Councilors query 5% fuel tax application
Councilors query 5% fuel tax application JAKARTA (JP): City councilors questioned yesterday the application of a 5 percent tax on fuel, earmarked for the city administration as compensation for the sharp fall in locally generated revenues.
Sat, 09 May 1998
IMF 'not to blame' for Indonesian unrest
IMF 'not to blame' for Indonesian unrest WASHINGTON (Reuters): U.S. House Minority Leader Richard Gephardt on Thursday defended the International Monetary Fund's reform program in Indonesia, saying it was not too tough and not to blame for outbreaks of violence.
Sat, 09 May 1998
Fear grips N. Sumatra on 4th day of rioting
Fear grips N. Sumatra on 4th day of rioting MEDAN, North Sumatra (JP): Fear gripped the province on a fourth day of rioting as looting and burning continued in several towns near the capital of Medan.In Medan itself, shops and offices have gotten back to business as usual even though some owners...
Sat, 09 May 1998
Demand for water soars
Demand for water soars JAKARTA (JP): Demand for water for offices and ships calling at Tanjung Priok Port has soared over the past few years, a senior official said yesterday.The demand rose from 569,891 metric tons in 1996 to 575,465 in 1997, official statistics show.
Sat, 09 May 1998
Rupiah still weak and stocks fail to sustain gains
Rupiah still weak and stocks fail to sustain gains JAKARTA (JP): The rupiah closed below the 9,000 mark against the U.S. dollar yesterday, and stock prices on the Jakarta Stock Exchange (JSX) failed to sustain their previous gains due to prevailing political concerns, dealers and stockbrokers said.
Sat, 09 May 1998
EU and RI furge a partnership in development
EU and RI furge a partnership in development The European Union (EU) is Indonesia's second-largest donor. Funds totaling Rp 8.6 trillion in official development assistance to Indonesia have been provided by the European Commission (EC) and by EU member states during the period 1976 to 1996.
Sat, 09 May 1998
PAL-Garuda joint flights
PAL-Garuda joint flights MANILA (Dow Jones): Philippines Airlines Inc. (PAL) said yesterday it has started joint services with two regional carriers, PT Garuda Indonesian Airways and Vietnam Airlines.PAL said it had started code-sharing arrangements with Garuda on Manila-Jakarta flights, and with...
Sat, 09 May 1998
Higher fares again
Higher fares again The decision announced by Jakarta Governor Sutiyoso Thursday to raise taxi and PATAS air-conditioned bus fares in the city is logical and unavoidable following the recent increase in fuel prices.
Sat, 09 May 1998
State employees, physicians join street demonstrations
State employees, physicians join street demonstrations JAKARTA (JP): Ignoring the military's warnings and voicing skepticism over the government's pledge for reform, more non- students -- including state employees, physicians and nurses -- joined the student movement yesterday by staging...
Sat, 09 May 1998
Just law enforcement 'may negate corruption'
Just law enforcement 'may negate corruption' JAKARTA (JP): A noted legal expert has stressed the need to promote consistency in law enforcement, instead of legal reform, in the effort to curb rampant abuses.
Sat, 09 May 1998
ASEAN official in Myanmar
ASEAN official in Myanmar YANGON (Reuters): ASEAN secretary-general Rodolfo Severino Jr. arrived in the Myanmar capital of Yangon yesterday for a three- day visit, foreign ministry sources said.Severino, who took up the post in January, will meet senior officials of the ruling military State Peace...
Sat, 09 May 1998
Court urged to drop charges against four price proterters
Court urged to drop charges against four price proterters JAKARTA (JP): Ten lawyers asked Central Jakarta District Court yesterday to drop the charges against four activists who joined a peaceful demonstration on Jl. M.H. Thamrin on March 9.
Sat, 09 May 1998
Es Teler 77 in Singapore
Es Teler 77 in Singapore JAKARTA (JP): Local food franchiser Es Teler 77 officially has opened its first overseas franchise in Singapore, the company announced yesterday .The new franchise, dubbed Es Teler 77 International Pte Ltd Singapore, is a joint venture with Singaporean entrepreneur Wee Geok...
Sat, 09 May 1998
First round of Indonesian debt talks end in Tokyo
First round of Indonesian debt talks end in Tokyo TOKYO (Reuters): A steering committee representing Indonesia's creditor banks held talks in Tokyo yesterday with government representatives from Jakarta, banking sources said.
Sat, 09 May 1998
RI's social unrest a 'major risk': WB official
RI's social unrest a 'major risk': WB official MELBOURNE (Dow Jones): An official from the World Bank warned yesterday that political and social unrest in Indonesia and elsewhere in Asia poses a "major risk" for the region as it attempts to recover from a severe economic crisis.
Sat, 09 May 1998
Dengue hits Yogya districts
Dengue hits Yogya districts YOGYAKARTA: Over 1,600 people have been treated for dengue fever here, which has claimed 57 lives in the province this year.The head of the local health office, Dr. Zuchari Dachlan, said yesterday that the number of dengue cases this year was extremely high even though...
Sat, 09 May 1998
RI students in Malaysia get jobs
RI students in Malaysia get jobs JAMBI: Forty-seven students from the Institute of Islamic Studies (IAIN) have received part-time jobs while participating in a two-month apprenticeship program in Malaysia."They seem to be performing well in the apprenticeship program.
Sat, 09 May 1998
One dies in Gelael shooting spree
One dies in Gelael shooting spree JAKARTA (JP): One person was killed and another injured after an armed robber opened fire at a Gelael supermarket on Jl M.T. Haryono, in Tebet, South Jakarta, Thursday night, police said.
Sat, 09 May 1998
Message from the EU Presidency in Jakarta
Message from the EU Presidency in Jakarta As the representative in Jakarta of the British Presidency, which started on Jan. 1 and lasts for six months, I am delighted to send a message on the occasion of Europe Day.Last month, Britain hosted the Asia-Europe Meeting (ASEM) at Summit level in London.
Sat, 09 May 1998
EU-RI trade and investment relations
EU-RI trade and investment relations Trade between the European Union (EU) and ASEAN has increased fourfold since the signing of the EU-ASEAN Cooperation Agreement in 1980. It has grown at an average of 16 percent per annum over the past six years and reached ECU 79.2 billion in 1996.
Sat, 09 May 1998
Better deal sought on plywood exports
Better deal sought on plywood exports JAKARTA (JP): The government said yesterday it was seeking better alternatives to the export quota system on plywood, which has been criticized as restrictive and encouraging cartel practices.
Sat, 09 May 1998
ABRI team, rights body compare their findings
ABRI team, rights body compare their findings JAKARTA (JP): The Armed Forces (ABRI) fact-finding team investigating the abduction of activists met with the National Commission on Human Rights yesterday to compare notes and ask how it concluded that those missing were "forcibly abducted".
Sat, 09 May 1998
Activists condemn harsh measures against students
Activists condemn harsh measures against students JAKARTA (JP): Human rights activists have condemned the government's harsh measures against widespread student demonstrations, which have increasingly resulted in bloody clashes.
Sat, 09 May 1998
House demands fuel price hike review
House demands fuel price hike review JAKARTA (JP): The House of Representatives demanded yesterday that the government review the May 5 increases in the prices of fuel and electricity, calling the measures completely insensitive to the people already suffering enormously because of the economic...
Sat, 09 May 1998
Australia may export rice to Indonesia
Australia may export rice to Indonesia SYDNEY (Reuters): Australia is negotiating its first major sales of rice to Indonesia in 20 years.With Indonesia's 1998 rice crop seriously depleted by El Nio- inspired drought, Australia was negotiating with the Indonesian government agency Bulog for first...
Sat, 09 May 1998
Concerns over unrest keep palm oil stable
Concerns over unrest keep palm oil stable LONDON (Reuters): Concerns over unrest in Indonesia served to keep the palm oil sector very firm in Europe yesterday, despite slightly bearish data from private forecaster Ivan Wong.
Sat, 09 May 1998
Asian currencies claw back after traumatic week
Asian currencies claw back after traumatic week SINGAPORE (Reuters): Asian currencies were trading quietly yesterday at the end of a traumatic week, with many managing to creep higher as traders covered short positions taken out during the past few days.
Sat, 09 May 1998
ABRI to return to 'Dharma Pusaka 45'
ABRI to return to 'Dharma Pusaka 45'From Suara KaryaI recently came across a copy of Dharma Pusaka 45, published by the Ministry of Defense and Security in 1972. The book contains the results of the third seminar of the Army in 1972.
Sat, 09 May 1998
Crisis and friendship
Crisis and friendship When I was in Singapore for several weeks recently, I followed the news on the fate of Indonesian citizens trying to have a better life in our neighboring countries, namely Singapore and Malaysia, as a result of the major economic crisis in Indonesia.
Sat, 09 May 1998
Insurance for RI gets green light
Insurance for RI gets green light WASHINGTON (Dow Jones): U.S. Export-Import Bank Chairman James Harmon said Thursday the bank was near-ready to go ahead with providing US$1 billion in short-term export credit insurance for Indonesia.
Sat, 09 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 8, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 925 50 377,500 Alumindo Light Metal 300 0 3,500 Alumindo...
Sat, 09 May 1998
Liberian arrested with 100 grams of heroin
Liberian arrested with 100 grams of heroin JAKARTA (JP): Police arrested a Liberian national allegedly involved in drug trafficking at Hotel Petamburan I, Central Jakarta, Thursday night.The suspect, Prince F.
Sat, 09 May 1998
Retailers against planned bylaw for parking fee levy
Retailers against planned bylaw for parking fee levy JAKARTA (JP): The Indonesian Retailers' Association rejected yesterday the City Council's plan to prepare a bylaw authorizing the municipality to collect fees from the owners and managers of buildings with private parking lots.
Sat, 09 May 1998
PDI, unite!
PDI, unite! The Indonesian Democratic Party (PDI) chairman, Soerjadi, met recently with Minister of Home Affairs Hartono to report on the forthcoming PDI Congress that is scheduled for July 1998 and to request from the government security arrangement as well as funds to finance the event.
Sat, 09 May 1998
Navy to push for gender equality
Navy to push for gender equality JAKARTA (JP): The Navy will promote gender equality for top positions in the force, says an official.Rear Adm. Abu Hanifah, an assistant to the Navy chief of personnel affairs, said duties of strategic positions would be modified to accommodate the female nature.
Sat, 09 May 1998
Student protests may spur the race for reform
Student protests may spur the race for reform Debate over political and economic reforms keeps on rolling, with the government asserting it has been doing this for a long time. Political analyst J. Soedjati Djiwandono , one who does not ascribe to the above view, argues that political reform cannot...
Sat, 09 May 1998
$2.4b Paiton 1 power project going ahead
$2.4b Paiton 1 power project going ahead HONG KONG (Dow Jones): A U.S.-led consortium is going ahead with construction of a US$2.4 billion power project in Indonesia and isn't planning to renegotiate with the government over payment terms, a senior official at the U.S.
Sat, 09 May 1998
Boat capsizes, killing four
Boat capsizes, killing four DILI, East Timor: Four people drowned Thursday evening when their boat capsized after hitting a rock during a heavy storm only 150 meters from Atauro island."All of the victims were women including a seven-month pregnant woman, Dominggas Belo.
Sat, 09 May 1998
Taxi drivers unwelcome fare hike
Taxi drivers unwelcome fare hike JAKARTA (JP): Governor Sutiyoso's endorsement of the taxi fare hike is not good news for taxi drivers, who are losing passengers in droves as the country sinks deeper into the economic mire.
Sat, 09 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Study for Distance by Hanafi, at Galerie Focus, Jl. Kemang Selatan X B No. 3, South Jakarta, on Tuesday, Wednesday, Friday, Saturday, 2 p.m. to 5 p.m., until May 24.
Sat, 09 May 1998
Reform on national agenda
Reform on national agenda A momentous concept has been communicated by the Armed Forces (ABRI) leadership. ABRI, according to its chief commander Gen. Wiranto, perceives that the calls for reform vocalized by the students has been accepted by all of the nation's components as part of the national...
Sat, 09 May 1998
Howard urges caution over Indonesian riots
Howard urges caution over Indonesian riots CANBERRA (Reuters): Australian Prime Minister John Howard urged Indonesia yesterday to remain committed to its economic reforms, but to act with restraint in handling anti-government riots sparked by rising food prices.
Sat, 09 May 1998
President must initiate reforms, Siswono says
President must initiate reforms, Siswono says JAKARTA (JP): A former aide of President Soeharto called for immediate total political reform with the President himself initiating the crucial first step.Former cabinet minister Siswono Yudohusodo said in a discussion with Jakarta-based political...
Sat, 09 May 1998
Toyota's sales rise 100 percent in April
Toyota's sales rise 100 percent in April JAKARTA (JP): PT Toyota-Astra Motor (TAM) sold 2,287 cars last month, a 100 percent increase on March's figure, the company announced yesterday.TAM, the automotive division of publicly listed PT Astra Internasional, said in a statement that its total sales...
Sat, 09 May 1998
Book bazaar at Taman Ria Senayan
Book bazaar at Taman Ria Senayan JAKARTA (JP): A book bazaar will be held at Taman Ria Senayan recreation park, Central Jakarta, tomorrow and Monday, to commemorate National Education Day.The bazaar is being co-organized by the park management, the mobile library of Pustaka Kelana Foundation and...
Sat, 09 May 1998
Deposit interest rates reach 62.5% per annum
Deposit interest rates reach 62.5% per annum JAKARTA (JP): Domestic commercial banks have raised interest rates to as high as 62.5 percent per annum for one-month deposits following the central bank's increase in promissory note (SBIs) rates Wednesday.
Sat, 09 May 1998
Mob beats thug to death
Mob beats thug to death JAKARTA (JP): A man was beaten to death Wednesday by an angry mob while reportedly trying to extort money from a group of people near Kalideres bus terminal, West Jakarta, police said.
Sat, 09 May 1998
OPEC crude falls to $13.15
OPEC crude falls to $13.15 LONDON (Reuters): The price of OPEC's basket of seven crudes eased to US$13.15 a barrel yesterday from $13.24 on Wednesday, the OPEC news agency said quoting the OPEC Secretariat.
Sat, 09 May 1998
Europe-Asia ties to be closer than ever
Europe-Asia ties to be closer than ever Although formal cooperation between the European Union (EU) and Asia only began to take shape in the 1970s, when the EU sought to strengthen its links with the Association of Southeast Asian Nations (ASEAN), the two regions have been closely connected for...
Sat, 09 May 1998
PT Jamsostek denies land and financial scandals
PT Jamsostek denies land and financial scandals JAKARTA (JP): State-owned social security company PT Jamsostek strongly denied reports yesterday of alleged rampant corruption at the company.The firm's finance director, Ackmal Husen, told The Jakarta Post that his company was open to any...
Sat, 09 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 8, 1998: Buying Selling Rp Rp U.S. dollar 1 8,500.00 9,400.00Austrian shilling 1 695.00 786.70Australian dollar 1 5,697.00 6,016.00Belgian franc 1 245.80 258.50Canadian dollar 1 6,250.