Archive: 4 June 1998
59 articles found
Thu, 04 Jun 1998, 00:00 WIB
Golkar will soon hold congress
Golkar will soon hold congress JAKARTA (JP): Facing threats of dissension and calls for reform, the country's dominant political organization, Golkar, decided yesterday to hold an extraordinary congress in July at which chairman Harmoko is likely to be replaced. The organization which has had a stranglehold on Indonesian politics for more than two decades had originally scheduled its five-yearly congress and chairmanship election for October.
Thu, 04 Jun 1998, 00:00 WIB
Food shortages mean new diet
Food shortages mean new diet GUNUNGKIDUL, Yogyakarta: Failed harvests and the high price of of food has forced people in the Gunungkidul regency to consume tiwul and aking with greater frequency to supplement the scarcity of rice, Antara reported yesterday. Gunungkidul, which is traditionally known to be a dry area, has been one of the hardest hit this year. The situation has been compounded by a long dry season and the severe economic crisis.
Thu, 04 Jun 1998, 00:00 WIB
Bulog cancels land swap deal with Goro
Bulog cancels land swap deal with Goro JAKARTA (JP): State Logistics Agency (Bulog) said it has reversed a 1996 land swap deal with PT Goro Batara Sakti, a private wholesale company which until recently was owned by former president Soeharto's youngest son Hutomo Mandala Putra. Bulog chairman Beddu Amang said on Tuesday that the deal had been reversed because of the change in Goro's ownership.
Thu, 04 Jun 1998, 00:00 WIB
Nuclear arms and national security
Nuclear arms and national security On behalf of the Minister of Foreign Affairs, I would like to thank you for printing the official reaction of Indonesia's government over the Pakistan's nuclear device tests conducted a few days ago, as appeared on May 30, page 2, Indonesia regrets Pakistan's tests. However, in order to provide a clearer picture of the issue to your readers, I would like to pinpoint a minor correction in the latter part of the article.
Thu, 04 Jun 1998, 00:00 WIB
Economy may not last 3 months: Econit
Economy may not last 3 months: Econit JAKARTA (JP): Indonesia's economy may not survive for more than three months unless the country elects a new credible government, according to an independent think tank. Plunging foreign exchange reserves, the ballooning budget deficit and the severe lack of capital inflow are all serious threats to the economy's ability to survive the economic crisis, the Econit Advisory Group said yesterday in a discussion.
Thu, 04 Jun 1998, 00:00 WIB
Convicts hit by food poisoning
Convicts hit by food poisoning DILI, East Timor: At least 63 convicts in the Becora penitentiary here are suffering from food poisoning, with 30 needing to be treated in hospital. The head of the Becora health center, Dr. Ni Luh Gede Sukardiasa, confirmed that the food poisoning occurred after lunch on Tuesday. About one hour later about 10 inmates complained of severe dizziness and nausea.
Thu, 04 Jun 1998, 00:00 WIB
Three athletes withdraw from Asian Games team
Three athletes withdraw from Asian Games team JAKARTA (JP): The Indonesian Taekwondo Association's preparations for the 13th Asian Games received a knock yesterday as three female athletes decided to withdraw from the national training center for the event. The association's general secretary, Djarkasih Hamid, said flyweight Yolandini, lightweight Popy Tresnawati and bantamweight Umi Alifah had quit the training center in Ragunan, South Jakarta apparently citing school commitments.
Thu, 04 Jun 1998, 00:00 WIB
'Soeharto's wealth could be traced'
'Soeharto's wealth could be traced' JAKARTA (JP): Legal experts have stressed that only the police and the Attorney General's Office have the authority to investigate the wealth of former president Soeharto and his family, which many believe to have been amassed through abuses of power.
Thu, 04 Jun 1998, 00:00 WIB
PC shipments to RI dive
PC shipments to RI dive BANGKOK (DPA): Shipments of PCs (Personal Computers) to Thailand, Indonesia and South Korea -- the three Asian countries that had to appeal to the International Monetary Fund for bail- outs last year -- fell dramatically in the first quarter of 1998, news reports said yesterday.
Thu, 04 Jun 1998, 00:00 WIB
Hopes on IMF loan fail to boost market sentiment
Hopes on IMF loan fail to boost market sentiment JAKARTA (JP): The country's financial markets remained weak yesterday with the rupiah closing lower again against the U.S. dollar and stock prices on the Jakarta Stock Exchange (JSX) down 1.7 percent. Currency dealers said that hopes for the quick release of the International Monetary Fund (IMF)-arranged loan for Indonesia did not help boost market sentiment.
Thu, 04 Jun 1998, 00:00 WIB
ASEAN officials in Moscow
ASEAN officials in Moscow MOSCOW (AP): Southeast Asian officials discussed the turmoil in Asia's financial markets and recent nuclear tests by India and Pakistan during a meeting in Moscow yesterday, news agencies said. Russian foreign ministry officials also took part in the conference of the Association of Southeast Asian Nations as part of plans to expand Russia's relations with ASEAN, the ITAR-Tass and Interfax news agencies reported.
Thu, 04 Jun 1998, 00:00 WIB
Official meeting scheduled to settle food stall saga
Official meeting scheduled to settle food stall saga JAKARTA (JP): The city administration has reportedly pledged to arrange a meeting between roadside food stall owners and the Ministry of Social Services to settle disputed compensation for a free-meal program. Head of the Roadside Food Stall Owners Cooperative Sastoro said yesterday the guarantee came from the deputy governor for social welfare affairs, Djailani, when he met with him early yesterday.
Thu, 04 Jun 1998, 00:00 WIB
Eight foreigners arrested for immigration violations
Eight foreigners arrested for immigration violations JAKARTA (JP): Immigration officers have arrested eight foreigners at several places in Central Jakarta in the past week for violating immigration permits, according to an official. Immigration Director of Foreigners Control Coordination Zaiman Nurmatias said Tuesday the suspects were from Ghana, Morocco, South Korea, Zimbabwe, the Netherlands and Bangladesh. "They were apprehended on different days from May 28 until Tuesday," he said.
Thu, 04 Jun 1998, 00:00 WIB
Five police rounded up
Five police rounded up JAKARTA (JP): Five police members were netted along with 61 civilians in two separated operations against touts offering their services to applicants of driver's licenses and other vehicle documents yesterday. Capt. Monto Sutardjo of the Jakarta Police Internal Affairs unit, which carried out the operation, told reporters yesterday that the suspects, including a woman, were caught red-handed while trying to collect money from the public.
Thu, 04 Jun 1998, 00:00 WIB
Soeharto's Tapos ranch still tightly guarded
Soeharto's Tapos ranch still tightly guarded By Joko Sarwono BOGOR (JP): The chilly weather at the Tri-S Tapos ranch run by Soeharto's children in the hills around Ciawi south of here could not lift the tension that descended after last week's invasion by dozens of local residents. This week, everyone -- including local villagers -- wanting to use a road passing through the 751-hectare site were stopped and questioned by uniformed military officers.
Thu, 04 Jun 1998, 00:00 WIB
WB resumes loans to help Indonesia reduce poverty
WB resumes loans to help Indonesia reduce poverty WASHINGTON (Reuters): The World Bank on Tuesday resumed lending to Indonesia with a US$225 million loan to reduce poverty. The announcement was a boost for the country's new President, B.J. Habibie, and his economic team. It was also a tangible sign that the international community was warming to the new government, more quickly than many had thought possible.
Thu, 04 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, 04 Jun 1998, 00:00 WIB
Aneka Tambang's net profit skyrockets in first quarter
Aneka Tambang's net profit skyrockets in first quarter JAKARTA (JP): Publicly listed state general mining company PT Aneka Tambang announced yesterday its net profit for the first quarter of this year was 15 times higher than for the commensurate period last year, and marked a 162 percent increase over 1997's total profit.
Thu, 04 Jun 1998, 00:00 WIB
RI debt talks may be over this morning
RI debt talks may be over this morning FRANKFURT (Agencies): Indonesia's chief negotiator in talks aimed at rescheduling the country's US$80 billion private sector debt said yesterday negotiations may be completed this morning. Asked if he was confident that a deal would be reached with Indonesia's creditor banks, Radius Prawiro told Reuters: "We are working on it." Asked if that deal could be reached on Wednesday, he said: "No, maybe tomorrow morning".
Thu, 04 Jun 1998, 00:00 WIB
Abolish exit tax
Abolish exit tax In view of the economic crisis, which is a great burden to citizens and business people alike, I suggest that the minister of finance review all insensible and inefficient regulations, including: 1) abolish the fiscal (exit) tax for Indonesians and foreign nationals residing in Indonesia; and 2) abolish the export tax for cooking oil, crude palm oil, and improve the quality of the apparatuses to prevent exporters from breaking the regulations. Y. SANTO Jakarta
Thu, 04 Jun 1998, 00:00 WIB
Siswono, Amien warn against disintegration
Siswono, Amien warn against disintegration JAKARTA (JP): Former cabinet minister Siswono Yudohusodo and Moslem leader Amien Rais have warned of the dangers of national disintegration -- even suggesting that Indonesia could become a second Yugoslavia -- if political differences continue to escalate. Siswono and Amien separately spoke about the need for people to firmly hold onto state ideology Pancasila, and to exercise self-restraint in handling differences.
Thu, 04 Jun 1998, 00:00 WIB
Free, fair polls needed to be ensured: Experts
Free, fair polls needed to be ensured: Experts JAKARTA (JP): Political science experts told legislators yesterday that it was more important to ensure free and fair polls than to debate over what kind of electoral system should be adopted.
Thu, 04 Jun 1998, 00:00 WIB
Soeharto 'disallowed imports by Pertamina'
Soeharto 'disallowed imports by Pertamina' JAKARTA (JP): An official hinted yesterday that the decade- long monopoly over fuel and crude oil imports held by companies controlled by Soeharto's family and cronies had been granted on the order of the former president himself.
Thu, 04 Jun 1998, 00:00 WIB
Fed also monitors RI banks
Fed also monitors RI banks NEW YORK (Dow Jones): The Federal Reserve Bank of New York has been monitoring the activities of the branches of Indonesian banks in the U.S., a banking source said Tuesday. "Certain steps have been taken to reduce the risk for U.S. banks dealing with Indonesian banks here," the source said. A spokesman for the Federal Reserve declined to comment.
Thu, 04 Jun 1998, 00:00 WIB
Self-exiled activist returns home
Self-exiled activist returns home JAKARTA (JP): Activist Yeni Rosa Damayanti, returning after a three-year self-exile in the Netherlands, pledged to continue her struggle for democracy and told her colleagues that Soeharto was just one of many obstacles which had to be overcome. "We must make sure that Indonesia never again falls under the reign of another authoritarian government...
Thu, 04 Jun 1998, 00:00 WIB
Government to abolish levy for Soeharto's foundation
Government to abolish levy for Soeharto's foundation JAKARTA (JP): President B.J.
Thu, 04 Jun 1998, 00:00 WIB
Our ailing banks
Our ailing banks For a long time the disorder that exists in our national banking system has been worrying us. Sixteen banks have been liquidated, seven have had their ownerships taken over by the government and dozens more have been placed under the care of the Indonesian Banking Restructuring Agency (IBRA).
Thu, 04 Jun 1998, 00:00 WIB
Thousands protest outside DPR complex
Thousands protest outside DPR complex JAKARTA (JP): Thousands of activists and students demonstrated at the House of Representatives/People's Consultative Assembly complex yesterday, loudly demanding that the assembly convene an extraordinary session and arrange a general election. The protesters also demanded that former president Soeharto be tried for alleged corruption, and that his successor, President B.J. Habibie, resign.
Thu, 04 Jun 1998, 00:00 WIB
Striking drivers give Pakpahan hero's welcome
Striking drivers give Pakpahan hero's welcome JAKARTA (JP): Hundreds of striking bus drivers of the state- run PPD bus company gave a rousing welcome yesterday to released labor union chairman Muchtar Pakpahan as he paid them an impromptu visit. Drivers said it was the first time the leader of the Indonesian Prosperous Labor Union (SBSI), released from prison on May 25, was in their midst. Many claimed membership in his union.
Thu, 04 Jun 1998, 00:00 WIB
Body found in Jelakeng River
Body found in Jelakeng River JAKARTA (JP): A dead man was found drifting in Jelakeng River in Roa Malaka subdistrict, West Jakarta, early yesterday. The man, identified as 33-year-old Dedi Suhendar of Jl. Kembung in Penjaringan, North Jakarta, had been stabbed in the left side of his rib cage, and in the neck and chest. He also was cut on the lower lip. Penjaringan Police are investigating the motive of the murder.
Thu, 04 Jun 1998, 00:00 WIB
Astra Agro to export 75,000 tons of CPO
Astra Agro to export 75,000 tons of CPO JAKARTA (JP): Publicly listed plantation company PT Astra Agro Lestari plans to export 75,000 metric tons of crude palm oil (CPO) this year, or about 25 percent of its total production of 300,000 tons, the company said yesterday. The company's marketing director, Hasan Tebiono, said export operations would start this month, with a 5,000-ton shipment to be delivered to Singapore this week. "We plan to export about 25 percent of our CPO this year.
Thu, 04 Jun 1998, 00:00 WIB
RP govt seeks acquittal for Imelda Marcos
RP govt seeks acquittal for Imelda Marcos MANILA (Reuters): The Philippine government, in a dramatic turnaround, said yesterday it had urged the Supreme Court to set aside a 12-year jail term against former first lady Imelda Marcos and acquit her of corruption charges. Marcos's opponents immediately denounced the government action, calling it a step towards the political rehabilitation of a family whose rule became synonymous with plunder and mischief.
Thu, 04 Jun 1998, 00:00 WIB
Security fears delay village polls
Security fears delay village polls PURWOKERTO, Central Java: The election of village chiefs in 80 villages in the Banyumas regency has been postponed for reasons of "security and order". Banyumas Regent Aris Setiono confirmed the postponement but would not elaborate on the reasons. "It's to maintain security and order," he remarked without saying how long the postponement would be.
Thu, 04 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 3:05 Environment: Mengenal Lingkungan 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: Man From Uncle 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 Religious...
Thu, 04 Jun 1998, 00:00 WIB
Activists' trial postponed
Activists' trial postponed JAKARTA (JP): Central Jakarta District Court adjourned Tuesday the trial of four activists charged with conducting an illegal demonstration on Jl. Thamrin on March 9 because of the absence of the activists' lawyers. Presiding judge I.G.N. Putra apologized to the defendants -- Kuldip Singh, Widi Wahyu, Wandy Nicodemus Tuturoong and Farah Diba Agustine -- for delaying the opening of the trial. "Please forgive me.
Thu, 04 Jun 1998, 00:00 WIB
Sutiyoso's bid to fight collusion draws criticism
Sutiyoso's bid to fight collusion draws criticism JAKARTA (JP): Jakarta Governor Sutiyoso vowed yesterday to remove collusion, corruption, cronyism and nepotism from the city administration. "What must be done first is to reform the mentality of our staff. Everybody must go through a period of introspection," he said. "I've briefed all the mayors. The next step is to talk to all district heads," the governor said.
Thu, 04 Jun 1998, 00:00 WIB
Military says give Habibie a chance
Military says give Habibie a chance JAKARTA (JP): The Armed Forces (ABRI) reiterated its support for President B.J. Habibie yesterday, with Commander Gen. Wiranto calling on the nation to give the government a chance to lift the country out of its economic misery. While reaffirming ABRI's commitment to reform, Wiranto called for greater wisdom in pushing for change and warned that those who pushed the line too far would have to deal with ABRI.
Thu, 04 Jun 1998, 00:00 WIB
Rational party system required
Rational party system required By Aleksius Jemadu BANDUNG (JP): One of the main goals of political reform is to make Indonesia's party system more representative and democratic. A political party system can be considered democratic if the existing parties reflect the diversity of political aspirations in society and have sufficient autonomy to influence and control the governing process.
Thu, 04 Jun 1998, 00:00 WIB
Firms urged to honor riot victims' claims
Firms urged to honor riot victims' claims JAKARTA (JP): The Insurance Council of Indonesia (DAI) urged its members yesterday to honor claims raised by owners of shopping centers, shop/houses and shops affected by riots last month. Council chairman Munir Sjamsoeddin told reporters that retailers whose premises and shops were burned or looted during the unrest could claim damages if their policies included insurance for riots, strikes and malicious damages (RMDS).
Thu, 04 Jun 1998, 00:00 WIB
500 Multipolar employees seeking compensation
500 Multipolar employees seeking compensation JAKARTA (JP): More than 500 employees of private retail company PT Multipolar Perkasa visited the Jakarta Legal Aid Institute yesterday to seek legal advise over their employment status. They demanded that the company, which operates Wal-Mart stores in Pluit, North Jakarta, and Karawaci, Tangerang, give them severance pay in line with government regulations on the dismissal of workers. The employees' spokeswoman Rika S.
Thu, 04 Jun 1998, 00:00 WIB
President Habibie's legitimacy
President Habibie's legitimacy The article MPR should convene to pick new president by Yusuf Wanandi, May 29, arouses several questions and astonished me regarding President B.J. Habibie's credibility and popularity. I have no connection with B.J. Habibie except that he has been elected President of Indonesia. The writer is very biased. It is as if he has a personal dislike for the president. Is it really true that the President has no base power at all?
Thu, 04 Jun 1998, 00:00 WIB
Soeharto's age his undoing: Habibie
Soeharto's age his undoing: Habibie JAKARTA (JP): President B.J. Habibie has said his predecessor Soeharto grew too old to sense the mood of the people, and that his own relative youth put him in a better position to lead the country. In his first newspaper interview since becoming president, Habibie told the New York Times that he had not communicated with 76-year-old Soeharto, whom he once described as his political mentor, since the handover on May 21.
Thu, 04 Jun 1998, 00:00 WIB
P4 course for students suspended
P4 course for students suspended SEMARANG (JP): The Ministry of Education and Culture has abolished the requirement for university students to attend Pancasila propagation (P4) courses in the 1998/1999 academic year. Director for Student Affairs Soedarmadi said here yesterday that the efficacy and necessity of the program, a mandatory requirement for university entrants, would be re-evaluated.
Thu, 04 Jun 1998, 00:00 WIB
Students to be freed but case continues
Students to be freed but case continues BOGOR (JP): Police are considering the release of three students suspected of killing a police officer, but insisted that their case would be brought to court, an officer said yesterday. Bogor Regional Police chief Col. Abubakar Nataprawira said he would consider releasing the three Juanda University students from police custody. The move, however, would not mean that the charges against them had been annulled, he said.
Thu, 04 Jun 1998, 00:00 WIB
ASEAN mulls Pakistani role
ASEAN mulls Pakistani role MANILA (Reuters): ASEAN foreign ministers are discussing whether to let Pakistan, heavily criticized for recent nuclear tests, become a member of its regional security group, Philippine President Fidel Ramos said yesterday. "This is something that is ASEAN's decision to make...In ASEAN, we consult our partners. The consultation is going on among the foreign ministers," he told his weekly press conference.
Thu, 04 Jun 1998, 00:00 WIB
Where to go in Bali:
Where to go in Bali: Exhibition * Painting Exhibition: Primitive Forms, Modern Feelings, by Charles Cham at Ganesha Gallery, Four Seasons Resort, Jimbaran (Phone: 0361 701010), June 4. Music and entertainment * Grand Hyatt Bali, Nusa Dua (Phone: 0361 771234): - Poolside: Pasar Senggol (Traditional Balinese Market), daily, 6:30 p.m., Kecak Dance, Friday and Tuesday.
Thu, 04 Jun 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 3, 1998: Buying Selling Rp Rp U.S.
Thu, 04 Jun 1998, 00:00 WIB
KL opposition fears crackdown
KL opposition fears crackdown KUALA LUMPUR (DPA): Malaysia's parliamentary opposition leader warned the government yesterday against using the current economic downturn as a pretext to crack down on civil liberties after police stopped three public meetings from being held this week.
Thu, 04 Jun 1998, 00:00 WIB
Ethnic Chinese Indonesians
Ethnic Chinese Indonesians It concerns me that in spite of very recent events, you would publish such an offensive and factually incorrect letter as that from Sumarsono Sastrowardoyo, May 30. To say that ethnic Chinese Indonesians are somehow to blame for being attacked recently because of their siege mentality is to defy logic. More than that, it encourages ignorance and prejudice, which result in real victimization. It seeks to justify looters.
Thu, 04 Jun 1998, 00:00 WIB
Asian coffee market nudging back to life but prices fall
Asian coffee market nudging back to life but prices fall SINGAPORE (Reuters): Coffee trade in Asia is slowly coming back to life as social unrest gradually comes to an end in Indonesia, one of the region's main coffee producers, traders said. But prices are falling in tune with lower levels in London and Vietnamese trading houses have cut their offers to sell stocks before the main bulk of Indonesian crop hits the market, they said. "Vietnam is losing its advantages.
Thu, 04 Jun 1998, 00:00 WIB
Probing Soeharto Inc.
Probing Soeharto Inc. President B.J. Habibie's response to the nation-wide clamor for an investigation into the wealth of former president Soeharto, his family and cronies is not the kind of action demanded by the people. The investigation, as disclosed by Attorney General Soedjono C. Atmonegoro in a studiously worded statement to the mass media Monday, seems to be already defect by its design.
Thu, 04 Jun 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 3, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 425 25 2,000 AHAP Insurance 550 -50 500 Alter Abadi 600 0 327,500 Alumindo Light Metal 275 -50 1,111,000 Alumindo Perkasa 275 0 0 Aneka Kimia Raya 300 -75 95,500 Aneka Tambang 1,400 75 5,934,500 Anwar Sierad 125 0 268,000 Apac Centertex Corp.
Thu, 04 Jun 1998, 00:00 WIB
Japan's mission to visit RI
Japan's mission to visit RI TOKYO (AP): Japan will send a delegation of officials to Indonesia for talks on promoting economic reforms in the Southeast Asian nation, the Japanese Foreign Ministry said Tuesday. The group of officials from Japan's agriculture, finance, foreign and trade ministries will depart yesterday for a three- day visit, said a Foreign Ministry official.
Thu, 04 Jun 1998, 00:00 WIB
S. Sulawesi officials sacked
S. Sulawesi officials sacked UJUNGPADANG, South Sulawesi: Governor Z.B. Palaguna confirmed yesterday that Ujungpandang Secretary Hakamuddin Jamal and the head of the administration's political directorate, Dick Dernadi, had been removed from their posts. Palaguna would not say why the two were removed but admitted that it was connected to the countless demands for reform.
Thu, 04 Jun 1998, 00:00 WIB
RI books trade surplus of US$1.97 billion in March
RI books trade surplus of US$1.97 billion in March JAKARTA (JP): Indonesia booked a surplus of US$1.97 billion in its foreign trade in March, partly due to a sharp drop in imports, Minister of Trade and Industry Rahardi Ramelan said yesterday. The minister said total exports rose 6 percent to $4.33 billion in March over the same month last year. But the country, he said, still booked a surplus in its foreign trade despite the small increase in exports.
Thu, 04 Jun 1998, 00:00 WIB
Bank Papan gets Rp 9990.36b in liquidity credits
Bank Papan gets Rp 9990.36b in liquidity credits JAKARTA (JP): Publicly listed Bank Papan Sejahtera (BPS) said yesterday that it received liquidity credits of Rp 990.36 billion (US$90 million) from Bank Indonesia last year, or about 45 percent of the company's total assets of Rp 2.2 trillion in the same period. One of the bank's commissioners, Al Njoo, said yesterday that Bank Papan had promised Bank Indonesia to pay the credits this year.
Thu, 04 Jun 1998, 00:00 WIB
Krakatau Steel not yet sold to Ispat: Tanri
Krakatau Steel not yet sold to Ispat: Tanri JAKARTA (JP): State Minister for the Empowerment of State Enterprises Tanri Abeng said yesterday that the government had yet to sell PT Krakatau Steel to a foreign investor, following opposition from the company's management over an agreement made with the Netherlands-based Ispat International.
Thu, 04 Jun 1998, 00:00 WIB
Seeing through posturings of phony reformers
Seeing through posturings of phony reformers By Mochtar Buchori JAKARTA (JP): Minister of Home Affairs Syarwan Hamid was reported by Kompas daily as making three salient points in a statement on Tuesday, May 26: * The various new political parties that have been proclaimed lately have no legal existence currently.
Thu, 04 Jun 1998, 00:00 WIB
Moeloek gets one week to launch reforms
Moeloek gets one week to launch reforms JAKARTA (JP): University of Indonesia medical students have given Minister of Health F.A. Moeloek one week to announce measures to totally reform the country's healthcare system or resign. "If the minister fails to do this, we will ask him respectfully to resign in order to protect the interests of the people," Sugisman, spokesman for the medical students, said at a free speech forum yesterday.