Archive: 11 June 1998
55 articles found
Thu, 11 Jun 1998, 00:00 WIB
Bogor Police asked to reexamine three students in Dadang case
Bogor Police asked to reexamine three students in Dadang case JAKARTA (JP): Bogor Police have been urged to requestion three students from Juanda University who were charged with beating a police officer to death. The demand was made on Tuesday by the three students and their lawyers at a meeting with Bogor Regional Police chief Col. Abubakar Nataprawira. Daniel Panjaitan of the Jakarta Legal Aid Institute said on behalf of the three students -- Tb.
Thu, 11 Jun 1998, 00:00 WIB
Two wounded in armed robbery
Two wounded in armed robbery JAKARTA (JP): A father and son were severely wounded in an armed robbery yesterday at their residence on Jl. Damai Gg. Musyawarah No. 27 in Pondok Labu, Cilandak, South Jakarta. Five men brandishing sharp weapons reportedly attacked Achmad, 40, and his son Ari Kurniawan, 18, when they broke into the house at 2 a.m. The two victims are currently being treated at Cipto Mangunkusumo General Hospital. Achmad was still listed in critical condition as of 1 p.m. yesterday.
Thu, 11 Jun 1998, 00:00 WIB
Garuda clips its wings to ride out economic crisis
Garuda clips its wings to ride out economic crisis JAKARTA (JP): Crippled by the economic crisis and pressured by its employees, the financially distraught national flag carrier Garuda Indonesia promised yesterday to sever links with companies linked to Soeharto's family and cronies and return leased aircraft to ensure its survival. Speaking to more than 2,000 employees protesting outside Garuda headquarters on Jl.
Thu, 11 Jun 1998, 00:00 WIB
Tangerang hit by two demonstrations
Tangerang hit by two demonstrations TANGERANG (JP): Protesters called for the mayor's resignation here yesterday, while a separate demonstration demanded a major company clarify the status of its workers. Over 900 employees of private retail company PT Multipolar Perkasa demonstrated at the company's head office in Karawaci, demanding the management clarify their employment status.
Thu, 11 Jun 1998, 00:00 WIB
1,500 workers demand total labor law reform
1,500 workers demand total labor law reform JAKARTA (JP): More than 1,500 workers from the metal, electronics, machines and tourist sectors staged a boisterous demonstration at the Ministry of Manpower here yesterday, demanding the revocation of the 1997 labor law and thorough reform of the state-owned insurance company PT Jamsostek.
Thu, 11 Jun 1998, 00:00 WIB
The pot calling the kettle black?
The pot calling the kettle black? From Kompas On May 21, 1998, an event of historic significance to the entire Indonesian people occurred as there was a peaceful change in the national leadership. As a good citizen, I would like to call on various circles and groups not to have an a priori dislike for our new president, Baharuddin Jusuf Habibie. Give him a chance to do this country good. It is true everyone is entitled to their opinion.
Thu, 11 Jun 1998, 00:00 WIB
Help Indonesia now
Help Indonesia now After three decades of stultifying dictatorship, Indonesians have enjoyed two weeks of remarkable political freedom, marked equally by exuberance and self-restraint. There is a sense in the world's fourth most populous nation that the future is up for grabs. For Indonesians as well as for U.S. policy towards that important country, this is a moment of peril and opportunity.
Thu, 11 Jun 1998, 00:00 WIB
Asian Amex card debts minimal
Asian Amex card debts minimal SINGAPORE (Reuters): American Express Co's (Amex's) exposure to bad debts in its Asian credit card business is minimal, the firm's top regional executive said yesterday. "Our credit losses in most markets other than two markets are actually better than last year at the present time," Vijay Parekh, Amex Asia-Pacific-Australia president told Reuters.
Thu, 11 Jun 1998, 00:00 WIB
Where to go in Surabaya:
Where to go in Surabaya: Exhibition * Photo Exhibition: Asiatica, works of 18 photographers from South-East Asia in CCF - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8:30 p.m., until June 14. Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Dewata Band, Monday to Saturday, 9 p.m. to 1:30 a.m., X-Men Band, Sunday 9 p.m. to 1:30 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m.
Thu, 11 Jun 1998, 00:00 WIB
High interest rates prove IMF failure
High interest rates prove IMF failure HONG KONG (Dow Jones): The grip of high interest rates in Southeast Asia is showing the failure of the International Monetary Fund programs and will lead several nations to permit higher inflation, according to a Morgan Stanley & Co. analyst who has sharply reduced his 1998 expectations for regional currency exchange rates. "The crisis economies need lower real interest rates.
Thu, 11 Jun 1998, 00:00 WIB
Cartoonist taken off wanted list
Cartoonist taken off wanted list YOGYAKARTA: The provincial prosecutor's office officially removed cartoonist Bambang Aditya Pradana, alias Yayak, from their wanted list yesterday after the artist spent seven-years on the run for allegedly drawing "subversive" pictures of former president Soeharto. Head of the provincial prosecutor's office Suparman said the decision to exonerate Yayak was taken in response to a request submitted to his office by the Yogyakarta Legal Aid Institute on May 29.
Thu, 11 Jun 1998, 00:00 WIB
One man's trauma testifies to sad experiences of many
One man's trauma testifies to sad experiences of many JAKARTA (JP): "Our sweat had not fully dried after almost 10 years of hard work when our small drug store was looted and burned by rioters," Chinese-Indonesian Anton, not his real name, recalled grimly. His shop, selling a variety of local and Chinese medicines and herbs on Jl.
Thu, 11 Jun 1998, 00:00 WIB
Crude market watching for RI allocations
Crude market watching for RI allocations SINGAPORE (Reuters): Asia's crude market remains dogged by weak demand, although quiet trading yesterday kept levels relatively steady. Potential sellers of July Indonesian crudes were sidelined, wary of trading before clearer information on exports emerged.
Thu, 11 Jun 1998, 00:00 WIB
Groups concerned over Parti establishment
Groups concerned over Parti establishment JAKARTA (JP): An ethnic Chinese Moslem foundation, Haji Karim Oei, expressed concern here yesterday over the recent establishment of a Chinese political party, fearing that such an ethnic-based party would only aggravate animosity toward those of Chinese descent. In a statement read at a news conference by deputy chairman H.M. Ali Karim, the foundation maintained that such political parties were "not in line with the spirit of 1928's Youth Pledge".
Thu, 11 Jun 1998, 00:00 WIB
Sheraton Media Hotel's ownership
Sheraton Media Hotel's ownership JAKARTA (JP): One of the owners of the Sheraton Media Hotel in Central Jakarta, Surya Paloh, denied media reports that the hotel was partly owned by former president Soeharto's family. Paloh said yesterday that the reports were inaccurate and gave the hotel a bad image. "They reports have not been thoroughly checked and are bordering on being libelous," he said.
Thu, 11 Jun 1998, 00:00 WIB
FedEx resumes RI flights
FedEx resumes RI flights SINGAPORE (Reuters): Federal Express Corp (FedEx) has resumed its scheduled flights to and from Jakarta, with five times weekly service, the company said in a statement late yesterday. The U.S.-based transport company had evacuated staff from Indonesia to Singapore when unrest hit the former last month, but had continued to accept pick-ups and deliveries of packages and documents for Indonesia on a partial basis.
Thu, 11 Jun 1998, 00:00 WIB
Myanmar to buy KL crude oil
Myanmar to buy KL crude oil KUALA LUMPUR (AP): Myanmar is buying crude oil worth US$80 million from Malaysia and an agreement on payment terms is expected Wednesday, Malaysia's national news agency reported. The Malaysian national oil company Petronas will supply the crude, Myanmar's visiting Minister of Commerce Maj. Gen. Kyaw Than said. Officials of both countries were discussing the payment mechanism, he said.
Thu, 11 Jun 1998, 00:00 WIB
Heavy rains, currency woe hamper RI coffee exports
Heavy rains, currency woe hamper RI coffee exports SINGAPORE (Reuters): Indonesian coffee shipments are coming out in dribs and drabs as exporters struggle to smooth the cash- strapped distribution chain, traders said yesterday. They said heavy rains last week also impeded exports as farmers were not able to harvest the crop. "The distribution chain is not in order yet. There is a jagged movement of exports," said one trader at a local trading house in Singapore.
Thu, 11 Jun 1998, 00:00 WIB
Lesson from RI may be hard for Myanmar
Lesson from RI may be hard for Myanmar By Don Pathan BANGKOK (AP): The abrupt downfall of President Soeharto in Indonesia came as a surprise for much of the world, but for the military regime in Myanmar, it was also a rude awakening. For the past eight years, the generals in the Myanmar capital of Yangon have been struggling to find a constitutional formula that would guarantee their continued hold on power while providing a semblance of democracy. Indonesia was their model.
Thu, 11 Jun 1998, 00:00 WIB
BNI expects nonperforming loans to expand
BNI expects nonperforming loans to expand JAKARTA (JP): Publicly listed Bank Negara Indonesia (BNI) plans to boost its loan loss reserves to offset a sharp rise in nonperforming loans due to the economic crisis, a top official has said. "More earnings need to be retained to increase the loan loss reserves because we anticipate nonperforming loans to rise in 1998," BNI president Widigdo Sukarman told reporters yesterday following the bank's annual shareholders meeting.
Thu, 11 Jun 1998, 00:00 WIB
Marubeni sees profits for Chandra Asri in 2000
Marubeni sees profits for Chandra Asri in 2000 TOKYO (Reuters): Japanese trading house Marubeni Corp said yesterday it hopes Indonesia's giant petrochemical joint venture PT Chandra Asri will become profitable in 2000 after years of losses. Marubeni is a member of a Japanese consortium that owns a portion of the petrochemical plant. "We expect the economic stalemate in Indonesia to last for about one year.
Thu, 11 Jun 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thundercats 3:05 Student's Program: Kuliah Universitas Terbuka 3:30 Science Film: Ticket to Adventure 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 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI News (in English) 7:00 Evening News 7:35 Comedy: Terminal Humor 8:00 News: Lintasan Berita 8:05 Comedy: Terminal Humor (contd.) 8:20 Koran Recital 8:30...
Thu, 11 Jun 1998, 00:00 WIB
OPEC basket price plunges
OPEC basket price plunges LONDON (Reuters): The price of OPEC's basket of seven crudes fell to $11.68 a barrel on Tuesday from $12.39 on Monday, the OPEC news agency said quoting the OPEC Secretariat. The basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabia's Arabian Light, Dubai of the UAE, Venezuela's Tia Juana and Mexico's Isthmus.
Thu, 11 Jun 1998, 00:00 WIB
Rescuing banks
Rescuing banks The banking industry, which lies at the root of Indonesia's economic crisis, and the central bank are now mired in a vicious circle. The government's blanket guarantee for foreign exchange and rupiah depositor and creditor claims on locally incorporated banks has been causing moral hazards not only throughout the industry but also for the bank supervisory mechanism and depositors.
Thu, 11 Jun 1998, 00:00 WIB
More political prisoners set to walk free today
More political prisoners set to walk free today JAKARTA (JP): President B.J. Habibie signed release papers yesterday for 16 young activists, including 15 East Timorese prisoners and detainees, Minister of Justice Muladi said. The President, through decree No. 85 dated yesterday, granted amnesty to eight political prisoners sentenced by the courts for their involvement in antigovernment protests, and dropped charges against eight East Timorese political detainees.
Thu, 11 Jun 1998, 00:00 WIB
PPP chairman Ismail refuses to step down
PPP chairman Ismail refuses to step down JAKARTA (JP): United Development Party (PPP) chairman Ismail Hasan Metareum brushed aside demands yesterday for him to step down, saying he would only leave the post at the end of his term.
Thu, 11 Jun 1998, 00:00 WIB
Debates despite people's suffering
Debates despite people's suffering From Pikiran Rakyat Demands for total reform continue to resound throughout the country, from students to those who profess to be reformists. Now that B.J. Habibie has taken the place of Soeharto as president, debates go on about whether the handover was constitutional. There are people who want a general election as soon as possible. One of them is Emil Salim, who is ironically an economist. A general election needs huge financing!
Thu, 11 Jun 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 10, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 -25 414,500 Alumindo Light Metal 300 0 55,500 Alumindo Perkasa 200 0 7,000 Aneka Kimia Raya 275 -25 18,000 Aneka Tambang 1,450 -25 2,301,500 Anwar Sierad 100 -25 103,500 Apac Centertex Corp.
Thu, 11 Jun 1998, 00:00 WIB
Press freedom in Indonesia
Press freedom in Indonesia By A.Muis UJUNGPANDANG (JP): Shortly after the resignation of president Soeharto, the reform movement pioneered by the students throughout Indonesia -- and fully seconded by the press -- has also touched on the national press law. The notorious, dreaded regulation No.
Thu, 11 Jun 1998, 00:00 WIB
Rubin to visit Malaysia
Rubin to visit Malaysia KUALA LUMPUR (Reuters): U.S. Treasury Secretary Robert Rubin will visit Malaysia at the end of the month following a trip with President Bill Clinton to China, officials said yesterday. Finance Minister Anwar Ibrahim's spokesman said Rubin would make a courtesy call on Anwar. Diplomats said the brief visit was planned for June 28-June 29. It was not clear whether Rubin would visit other countries in the region.
Thu, 11 Jun 1998, 00:00 WIB
Gold hunting an alternative during crisis
Gold hunting an alternative during crisis By Kafil Yamin BANDUNG (JP): A wedding date has been set for Yadi, 37, and his fiancee, Yunyun. Yadi rushed to nearby jewelry stores to buy a pair of 24-karat gold rings. But he had difficulty finding them. Only after days of exhaustive roaming around and explaining to a jewelry store owner that he was about to wed and was desperate to buy two gold wedding rings, did he find what he was looking for at a remarkably high price -- Rp 45,000 per gram.
Thu, 11 Jun 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 10, 1998: Buying Selling Rp Rp U.S.
Thu, 11 Jun 1998, 00:00 WIB
RI does not object to UNHCR asylum plan for Acehnese
RI does not object to UNHCR asylum plan for Acehnese JAKARTA (JP): Indonesia will not object the decision by the United Nations High Commissioner for Refugees (UNHCR) to arrange political asylum for 22 Acehnese who are seeking refuge at the United States embassy and UN compound in the Malaysian capital of Kuala Lumpur.
Thu, 11 Jun 1998, 00:00 WIB
ABN AMRO eying more Asia acquisitions
ABN AMRO eying more Asia acquisitions BANGKOK (Reuters): Dutch banking giant ABN AMRO said yesterday it was actively seeking new acquisitions in Southeast Asia after its takeover of Thailand's Bank of Asia Plc. Chairman Jan Kalff told a news conference he was looking at a range of opportunities in the region, where he said many local banks wanted foreign partners. "We are actively looking around in Southeast Asia, but there is not a deal which is very close to being agreed," he said.
Thu, 11 Jun 1998, 00:00 WIB
Mochtar blasts BI's bank rescue policy
Mochtar blasts BI's bank rescue policy JAKARTA (JP): Mochtar Riady, a senior executive of a major business group, said here yesterday that Bank Indonesia's policy of rescuing the country's ailing banks may only worsen the state of the banking sector. Mochtar, founder and chairman of the Lippo Group which includes one of the largest banks in the country, said the central bank's program to strengthen domestic banks only catered to banks which already had acute problems.
Thu, 11 Jun 1998, 00:00 WIB
Sjafrie advises Jakartans on political activities
Sjafrie advises Jakartans on political activities TANGERANG (JP): City Military Commander Maj. Gen. Sjafrie Sjamsoeddin called on Jakartans yesterday to concentrate on their work rather than joining political activities which could threaten public safety. Addressing a group of farmers at a ceremony to mark the first harvest of green beans planted jointly with military personnel, Sjafrie warned about the maneuverings of certain political parties that were trying hard to agitate people.
Thu, 11 Jun 1998, 00:00 WIB
PAL says strike over, downsizing
PAL says strike over, downsizing MANILA (Reuters): Philippine Airlines unilaterally declared an end to a six-day strike yesterday which has crippled its operations and said it was looking for new pilots. The announcement came as a surprise to the striking pilots, who maintained that talks were continuing with the government and PAL management. The Philippine flag carrier also said it now planned to operate a limited international network and an expanded domestic service.
Thu, 11 Jun 1998, 00:00 WIB
Myanmar economy grows 4.6%
Myanmar economy grows 4.6% YANGON (AP): Myanmar's economy grew 4.6 percent in the last fiscal year, failing to reach the targeted growth rate of 6.4 percent, according to newly-released official statistics seen yesterday.
Thu, 11 Jun 1998, 00:00 WIB
Suu Kyi wants Estrada's support
Suu Kyi wants Estrada's support MANILA (DPA): Myanmar opposition leader Aung San Suu Kyi appealed yesterday to Philippine President-elect Joseph Estrada to take the lead in persuading the Association of Southeast Asian Nations (ASEAN) to support democracy in her homeland.
Thu, 11 Jun 1998, 00:00 WIB
RI power on credit watch
RI power on credit watch NEW YORK (Dow Jones): Standard & Poor's triple-C ratings on the following Indonesian independent power producer (IPP) project bonds and bank loans remain on creditwatch with negative implications, where they were placed December 1997: -- Paiton Energy Funding B.V.'s US$180 million senior secured bonds due 2014 (guaranteed by P.T.
Thu, 11 Jun 1998, 00:00 WIB
Govt to abolish state school fees
Govt to abolish state school fees JAKARTA (JP): The government is to abolish tuition fees for all state schools in an attempt to ease the devastating impact of the monetary crisis which has resulted in nearly one out of every three children dropping out of school. Minister of Education and Culture Juwono Sudarsono said the government would also provide free books and, if families could not afford it, children would be exempted from purchasing new school uniforms.
Thu, 11 Jun 1998, 00:00 WIB
Animals go on diet in leaner times
Animals go on diet in leaner times JAKARTA (JP): Like their cousins at zoos across the country, animals at Ragunan Zoo in South Jakarta are finding the economic crisis has taken a big bite out of their food allotments. The zoo's development and promotion manager, Nonot Marsono, told The Jakarta Post Tuesday that carnivores such as tigers, leopards, jaguars and eagles now had to go without food for up to four days a week. "We are trying to change their eating patterns gradually.
Thu, 11 Jun 1998, 00:00 WIB
Jakarta's anniversary to be commemorated in modest way
Jakarta's anniversary to be commemorated in modest way JAKARTA (JP): The commemoration of Jakarta's 471st anniversary next month will be a very modest occasion due to the limited availability of funds, deputy governor for administrative affairs Abdul Kahfi said yesterday. "This year's commemoration will be different from the one we held last year. This one will really be far from luxurious. Even the ceremonial parts will be held more as a formality," he told The Jakarta Post.
Thu, 11 Jun 1998, 00:00 WIB
Floods could hit Kalimantan
Floods could hit Kalimantan SAMARINDA, East Kalimantan: Several cities in the province could be vulnerable to severe flooding during the coming rainy season because of the poor condition of water catchments, particularly those located along the Mahakam river, an official said yesterday. "Illegal logging and forest fires have severely damaged water catchment areas in the Mahakam river basin," head of the provincial Environmental Impact Management Agency, Awang Farouk, said.
Thu, 11 Jun 1998, 00:00 WIB
El Nusa may lose Pertamina monopoly
El Nusa may lose Pertamina monopoly JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said he would abolish the monopoly given to PT EL Nusa for the maintenance of the state oil and gas company Pertamina's refineries. "If necessary, (I will order) Pertamina to let go of the company," Kuntoro said Tuesday at a hearing with the House of Representatives Commission V for industry, mining, trade, manpower, cooperatives and the environment.
Thu, 11 Jun 1998, 00:00 WIB
Rupiah breaks 13,000 barrier against dollar
Rupiah breaks 13,000 barrier against dollar JAKARTA (JP): The rupiah broke the 13,000 barrier against the U.S. dollar in thin morning trade yesterday but managed to recover slightly in the afternoon to end the day at 12,900. Currency dealers attributed the rupiah's slump to political uncertainty at home and weak regional markets.
Thu, 11 Jun 1998, 00:00 WIB
Theft at five-star hotel
Theft at five-star hotel I would like to draw the attention of The Jakarta Post readers to security arrangements in Gran Melia here in Jakarta. On April 3, 1998, my mobile phone was stolen while I sat in the lobby of that hotel reading a newspaper, so beware, do not relax at Gran Melia Jakarta. Once the theft came to my attention, no hotel security personnel were available in the lobby to assist me and it took a considerable time before the assistant manager came to see what had happened.
Thu, 11 Jun 1998, 00:00 WIB
Man faces 30 months in jail
Man faces 30 months in jail TANGERANG (JP): A prosecutor asked Tangerang district court to sentence Sopan Tarigan, 36, to 30 months in jail for attempting to smuggle 25,750 Ecstasy pills and a quantity of the drug in powdered form through Soekarno-Hatta International Airport. Prosecutor Sity Zahara said in her indictment that the defendant was arrested by customs and excise officers on Aug. 31 last year when he collected a black bag from the airport.
Thu, 11 Jun 1998, 00:00 WIB
IMF director arrives to review aid program
IMF director arrives to review aid program JAKARTA (JP): IMF Asia Pacific director Hubert Neiss said yesterday he expected the agency to disburse its second US$1 billion bailout money to Indonesia next month. "It could be mid July, or early July. It depends on how quickly we finish here," he told reporters upon arrival here yesterday afternoon. The IMF has committed to provide $10 billion as part of a $43 billion bailout fund for Indonesia. The agency has so far disbursed $4 billion.
Thu, 11 Jun 1998, 00:00 WIB
Witness explains on murder case
Witness explains on murder case JAKARTA (JP): Rushdy Hasan Belbasy, an associate of a murdered Yemeni man, denied yesterday that he was being sought by the police in connection with the slaying. "I was summoned to the city police headquarters in my capacity only as a witness in the case," Rushdy said in a statement faxed to The Jakarta Post.
Thu, 11 Jun 1998, 00:00 WIB
Separatists surrender
Separatists surrender DILI, East Timor: As many as 21 sympathizers of the separatist Fretilin group living in the western part of East Timor have surrendered to the Maubara district military command in Liquisa district. "Eighteen of them surrendered last Thursday and the rest last Sunday. They are now under the guidance of the district military command," chief of the Wira Dharma regional military command, Lt. Col. Supadi, told journalists here yesterday.
Thu, 11 Jun 1998, 00:00 WIB
Golkar must quickly transform itself or disappear: Analyst
Golkar must quickly transform itself or disappear: Analyst JAKARTA (JP): Golkar must quickly transform itself or possibly face life in political oblivion after the government introduces a new law on political parties in the next few months. Political analyst Ryaas Rasyid said the ruling political organization should immediately transform its political foundation from a coalition of social and business groups into a purely political party.
Thu, 11 Jun 1998, 00:00 WIB
SE Asia currencies follow yen lower
SE Asia currencies follow yen lower SINGAPORE (Dow Jones): Southeast Asian currencies closed sharply lower yesterday in a volatile day of trading in Asia. Against the backdrop of the weak Japanese yen, which has pressured regional currencies for the past several weeks, exchange rates were hit by bad news from several quarters throughout the day. Equity markets were pummeled across Asia.
Thu, 11 Jun 1998, 00:00 WIB
Indonesia to import sugar, soybeans to meet needs
Indonesia to import sugar, soybeans to meet needs JAKARTA (JP): Minister of Food and Horticulture AM Saefuddin said yesterday the country would import 1.3 million metric tons of sugar and 0.7 million tons of soybeans this year to make up for shortages on the domestic market. He said the domestic sugar output was estimated to fall 14.3 percent to 1.8 tons this year, much lower than demand expected to reach about 3.1 tons.
Thu, 11 Jun 1998, 00:00 WIB
Astra reshuffles management, halts cars production
Astra reshuffles management, halts cars production JAKARTA (JP): The country's largest automaker, Astra International, reshuffled its management yesterday and announced a temporary halt in production due to lack of orders. Somalia Wiria, a former top executive of Bank Negara Indonesia, was named the company's chief commissioner, replacing former minister of trade and industry Mohammad "Bob" Hasan. Rini M.