Archive: 24 July 1998
54 articles found
Fri, 24 Jul 1998
Stocks take tumble but rupiah holds its ground
Stocks take tumble but rupiah holds its ground JAKARTA (JP): The rupiah maintained strength yesterday, staying at 14,200 against the U.S. dollar, while stock prices on the Jakarta Stock Exchange (JSX) dropped 2 percent on continuing profit taking and security concerns.
Fri, 24 Jul 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Student's Program: Bermain Musik 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Educational Quiz: Cerdas Cermat 5:25 Documentary Film: Anak Seribu Pulau 6:00 News: Lintasan Berita...
Fri, 24 Jul 1998
Corruption puts an end to new schools
Corruption puts an end to new schools BANDUNG, West Java: Japan's Overseas Economic Cooperation Fund (OECF) has decided to stop financial assistance it was providing to the West Java office of the education and culture ministry because the funds have been misused, Antara reported yesterday.
Fri, 24 Jul 1998
10 notorious freight robbers apprehended
10 notorious freight robbers apprehended JAKARTA (JP): Police detectives have nabbed 10 members of the two most wanted freight robbery gangs during separate raids this week, city police chief Maj. Gen. Noegroho Djajoesman said yesterday.
Fri, 24 Jul 1998
Timah puts feelers out on buying KPC shares
Timah puts feelers out on buying KPC shares JAKARTA (JP): Publicly listed state tin company PT Timah has shown interest in acquiring a stake in the country's largest coal mining company, PT Kaltim Prima Coal (KPC), a senior mining official said yesterday.
Fri, 24 Jul 1998
Rice shortage may reach 10 million tons: Scientist
Rice shortage may reach 10 million tons: Scientist JAKARTA (JP): Indonesia may suffer a rice shortage of up to 10 million metric tons this year, or more than three times that predicted by the government, a scientist has said.
Fri, 24 Jul 1998
Fix the rupiah
Fix the rupiah There has been so much talk about the effects of the crisis that it seems to me everyone is forgetting the reason. The most important comment made by Steve Hanke, as he tried his best to help, was "It's the rupiah, stupid.
Fri, 24 Jul 1998
Govt to raid firms exploiting child workers
Govt to raid firms exploiting child workers JAKARTA (JP): The government will crack down on companies, including those in Jakarta and its surrounding areas, which exploit child workers, Minister of Manpower Fahmi Idris said yesterday.
Fri, 24 Jul 1998
Teater Koma
Teater Koma Correction: Teater Koma is scheduled to perform Opera Sembelit (Constipated Opera) at Gedung Kesenian Jakarta (The Jakarta Playhouse) for two weeks beginning July 25, not July 23, as printed on this page in yesterday's paper.We apologize for any inconvenience. -- The Editor
Fri, 24 Jul 1998
Greenspan sees no sign of recovery in Asia yet
Greenspan sees no sign of recovery in Asia yet WASHINGTON (Reuters): Pessimism is feeding on pessimism in Asia's deepening financial crisis and there is no sign yet of a recovery, U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday.
Fri, 24 Jul 1998
APRIL's unit misses payment
APRIL's unit misses payment SINGAPORE (Reuters): A unit of Indonesia's Asia Pacific Resources International Holdings Ltd (APRIL) has been declared in default, a statement from Aperchance Company Ltd said yesterday.
Fri, 24 Jul 1998
Garment workers stage protest
Garment workers stage protest JAKARTA (JP): Workers of garment manufacturer PT Tongkyung Makmur Abadi in Cilincing, North Jakarta, campaigned yesterday against their firm's decision to ban them from setting up a branch of the Indonesian Prosperous Labor Union (SBSI).
Fri, 24 Jul 1998
NU chairman launches new political party
NU chairman launches new political party JAKARTA (JP): Abdurrahman Wahid, chairman of the Nahdlatul Ulama (NU) Moslem organization, sounded a rallying call yesterday for the newly founded People's Awakening Party (PKB), declaring it was an open organization without ethnic or religious prejudice.
Fri, 24 Jul 1998
Debt settlement scheme to start soon
Debt settlement scheme to start soon JAKARTA (JP): Bank Indonesia (BI), the central bank, plans to launch the Indonesian Debt Restructuring Agency (INDRA) on Aug. 3 to help restructure corporate debt and lend support to the beleaguered rupiah.
Fri, 24 Jul 1998
PLN 'mistakes' ring up record loss of Rp 14.7t
PLN 'mistakes' ring up record loss of Rp 14.7t JAKARTA (JP): State electricity company PT PLN is set for a record loss of Rp 14.7 trillion (US$1.05 billion) this year due to mistakes made by its current board of directors, State Minister for the Empowerment of State Enterprises Tanri Abeng said...
Fri, 24 Jul 1998
Govt role in election must be reduced: Researchers
Govt role in election must be reduced: Researchers JAKARTA (JP): Leading political researchers say a limited government role is a prerequisite to a fair and honest general election, itself vital to putting the country back on its feet.
Fri, 24 Jul 1998
Toyota Motor stresses commitment to SE Asia
Toyota Motor stresses commitment to SE Asia TOKYO (Dow Jones): Toyota Motor Corp., Japan's biggest automaker, considers Southeast Asia's slump over the past year as mostly cyclical and has no plans to shut factories in the region, said top officials in a recent interview.
Fri, 24 Jul 1998
Early warning system needed
Early warning system needed KUALA LUMPUR (Reuters): APEC should set up an early warning system for its economies to avoid sudden shocks like those that have torn through Asia over the last year, Australian Foreign Minister Alexander Downer said yesterday.
Fri, 24 Jul 1998
25 firms face delisting
25 firms face delisting JAKARTA (JP): At least 25 companies listed on the Jakarta Stock Exchange face being delisted due to their worsening financial performance.The JSX management said yesterday that the 25 companies were PT Alumindo Perkasa, PT Aneka Kimia Raya, PT Bank Umum Nasional, PT Bukaka...
Fri, 24 Jul 1998
City-owned hospital sound despite crisis
City-owned hospital sound despite crisis JAKARTA (JP): The four city-owned hospitals are still economically sound despite the prolonged economic crisis, which has severely hit almost all sectors of the economy, an official has claimed.
Fri, 24 Jul 1998
400 Rancamaya farmers query land certificates
400 Rancamaya farmers query land certificates BOGOR (JP): About 400 Rancamaya farmers have urged the local administration to reexamine 100 land certificates used by PT Suryamas Duta Makmur to take over 257 hectares of land and develop a luxurious housing complex and golf course here.
Fri, 24 Jul 1998
Pressure mounts on palm oil prices
Pressure mounts on palm oil prices LONDON (Reuters): Vegetable oil prices face increasing pressure from higher than expected production and low demand, European traders said yesterday.Crude palm oil was finding few buyers because European consumers stocked up on RBD palm oil from Malaysia during...
Fri, 24 Jul 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Arts Exhibition at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), Monday to Friday, 10 a.m. to 5 p.m., Saturday, 10 a.m. to 3 p.m. until Aug. 10. * Arts Exhibition by I Made Wianta and Andreas Straub, at the Regent Jakarta, Jl. H.R.
Fri, 24 Jul 1998
Ex-policeman wins village head election
Ex-policeman wins village head election BOGOR (JP): A police first sergeant who resigned from the force to become a candidate for village chief in Bubulak, West Bogor, has won the election by defeating three other contestants.
Fri, 24 Jul 1998
Farmers supply 40% of Astra's CPO output
Farmers supply 40% of Astra's CPO output JAKARTA (JP): Publicly listed plantation company PT Astra Argo Lestari said yesterday that almost 40 percent of its crude palm oil (CPO) production came from its local farmer partners.
Fri, 24 Jul 1998
'Ojek' driver killed and robbed
'Ojek' driver killed and robbed TANGERANG (JP): An ojek (motorcycle taxi) driver was killed by his own passenger at Kampung Waru, Cikupa district here on Wednesday night in the second such attack this week.The victim was identified as Sayuti, 35, a resident of Telagasari village in Cikupa district.
Fri, 24 Jul 1998
SE Asian currencies under strong pressure
SE Asian currencies under strong pressure SINGAPORE (Dow Jones): Southeast Asian currencies took it on the chin yesterday after international credit rating agency Moody's Investors Service announced that it had put Japan's triple-A sovereign rating on review for possible downgrade.The U.S.
Fri, 24 Jul 1998
UN to send free contraceptives
UN to send free contraceptives JAKARTA: The United Nations Population Fund (UNFPA) is to send a US$3 million emergency consignment of contraceptives to Indonesia."The assistance is one of UNFPA's emergency projects in response to the economic crisis," the UN Information Centre said in a press...
Fri, 24 Jul 1998
ASEAN held back by poor image problem: Official
ASEAN held back by poor image problem: Official MANILA (Agencies): The secretary general of the Association of Southeast Asian Nations said yesterday that ASEAN had itself to blame for its poor image among its own people and warned this was hurting its effectiveness as a regional bloc.
Fri, 24 Jul 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 23, 1998: Buying Selling Rp Rp U.S. dollar 1 13,750.00 14,750.00Austrian shilling 1 1,057.00 1,202.20Australian dollar 1 8,517.80 9,064.70Belgian franc 1 373.70 395.30Canadian dollar 1 9,233.
Fri, 24 Jul 1998
Foreign investors reassured on mining contract security
Foreign investors reassured on mining contract security JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto reassured foreign investors yesterday that the government would honor existing mining, gas and gas contracts despite future changes in the country's regulations on the sector.
Fri, 24 Jul 1998
Rice market quiet on RI deal
Rice market quiet on RI deal HANOI (Reuters): Vietnam's rice trade has been quiet this week on firm prices with much interest focused on how the government would price a deal to sell Indonesia 100,000 tonnes of rice, traders said yesterday.
Fri, 24 Jul 1998
Women pray for end of violence
Women pray for end of violence JAKARTA (JP): More than 100 women of different faiths came together last night in a joint prayer to end years of violence in the country.Many Chinese-Indonesian women were among those who streamed into the Nyai Ageng Serang women's building in Kuningan, South Jakarta.
Fri, 24 Jul 1998
General elections in era of reform
General elections in era of reformFrom MerdekaMr Sutan Ali Asli's article in Merdeka of June 27, 1998, titled Why worry about multiparties?, clearly expresses his ideas. Since 1963 I have regularly read articles in the mass media about the institutional development of the Indonesian Armed Forces...
Fri, 24 Jul 1998
What is lacking in Indonesian politics?
What is lacking in Indonesian politics?By Ignas Kleden JAKARTA (JP): The rising demand for political reform needs serious rethinking of the prevalent basic tendencies within Indonesian politics. This is required in order that the people and the government can avoid repeating past mistakes, simply...
Fri, 24 Jul 1998
OPEC's basket price rises
OPEC's basket price rises LONDON (Reuters): The price of OPEC's basket of seven crudes rose to $12.32 on Wednesday from $12.22 on Tuesday, 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...
Fri, 24 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 23, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 575 0 0 Alter Abadi 525 -25 39,500 Alumindo Light Metal 300 -25 15,000 Alumindo...
Fri, 24 Jul 1998
Crisis impacts on education
Crisis impacts on education JAMBI: Thousands of children in the province are on the verge of dropping out of school because their parents can no longer afford to send them to school, an official has said.
Fri, 24 Jul 1998
Military to set up honorary council over abductions
Military to set up honorary council over abductions JAKARTA (JP): An honorary military council led by a four-star general will soon be assembled to further investigate a string of abductions of activists, which the Armed Forces alleges was committed by Army special force (Kopassus) members.
Fri, 24 Jul 1998
New MPR members sworn in today
New MPR members sworn in today JAKARTA (JP): Chief Justice Sarwata will today swear in 36 new members of the People's Consultative Assembly (MPR), including those chosen to replace the seven relatives of former president Soeharto recently purged by Golkar.
Fri, 24 Jul 1998
House upset over foreign aid chunk of State Budget
House upset over foreign aid chunk of State Budget JAKARTA (JP): The four factions of the House of Representatives (DPR) approved yesterday the revised version of the 1998/1999 State Budget, but continued to query the unprecedented amount of foreign aid financing.
Fri, 24 Jul 1998
Nonindigenous students
Nonindigenous students It seems unlucky to be nonindigenous Indonesians. We cannot forget their losses and suffering (physically and mentally) during the mid-May riots.There was article in Pos Kota, July 18, reporting that there is a limit on the number of nonindigenous students permitted to study...
Fri, 24 Jul 1998
Utut scores hat trick at Biel Masters c'ship
Utut scores hat trick at Biel Masters c'ship JAKARTA (JP): Indonesian Grand Master Utut Adianto scored a hat trick in the Biel Masters chess championship in Switzerland on Wednesday with a win over International Master Dejan Antic of Yugoslavia.
Fri, 24 Jul 1998
A house for Soeharto
A house for Soeharto Many people have reacted with astonishment upon hearing that the government was allocating Rp 26.6 billion for a house for former president Soeharto at Puri Jatiayu (Bali Pavilion), Taman Mini Indonesia Indah, Jakarta.
Fri, 24 Jul 1998
Govt launches investigation into May riots
Govt launches investigation into May riots JAKARTA (JP): The government announced yesterday its much- awaited team to investigate the massive May riots in Jakarta and other cities which left 1,200 people killed, more than 160 women violated and led to the downfall of president Soeharto.
Fri, 24 Jul 1998
Suggestions for the govt
Suggestions for the govtFrom Sinar PagiAs I love this country, I think it is appropriate for me in this era of reform to give the following suggestions and input to the government and other interested parties:1. The law in this republic must be enforced, with all parties obeying it.
Fri, 24 Jul 1998
Habibie failing to win over the hearts of the people
Habibie failing to win over the hearts of the people JAKARTA (JP): A poll jointly conducted by the University of Indonesia and Soegeng Sarjadi Syndicated shows that in the first three-months of his presidency, B.J. Habibie's policies have failed to win over the hearts of the people.Only 46.
Fri, 24 Jul 1998
Tale of the hard working Indian-made 'bajaj'
Tale of the hard working Indian-made 'bajaj'By Alex Abraham JAKARTA (JP): It looks like an unsuccessful cross between a kitchen cupboard and a tricycle, sounds like stones rolling on a tin roof and smokes like a battalion of kretek (clove cigarettes) addicts.
Fri, 24 Jul 1998
Air Force officer held for abusing houseboy
Air Force officer held for abusing houseboy JAKARTA (JP): Jakarta Military Police have detained an Air Force first lieutenant for allegedly abusing his male housekeeper, an official said yesterday.Deputy Commander of the Jakarta Military Police Lt. Col. Darmadi said First Lt.
Fri, 24 Jul 1998
New bankruptcy law will help restore confidence: Experts
New bankruptcy law will help restore confidence: Experts JAKARTA (JP): The new bankruptcy law scheduled to come into effect next month will be a significant step toward restoring investor confidence in Indonesia, a business consultant has said.
Fri, 24 Jul 1998
Malaysia eases foreign equity curbs
Malaysia eases foreign equity curbs KUALA LUMPUR (DPA): Malaysia said yesterday it will ease curbs on foreign stakes in several key sectors, including manufacturing, to woo foreign investment needed to rescue the troubled economy.
Fri, 24 Jul 1998
ASEAN ministers turn eyes to recession-wracked Japan
ASEAN ministers turn eyes to recession-wracked Japan MANILA (DPA): Southeast Asian foreign ministers bludgeoned by economic havoc are looking to recession-gripped Japan to reinvigorate their economies and help cash-strapped governments.
Fri, 24 Jul 1998
Govt yet to approve lottery concept
Govt yet to approve lottery concept JAKARTA (JP): The Ministry of Social Services has yet to approve a proposal to revive a lottery to raise funds for sports development in the country, an official said yesterday.
Fri, 24 Jul 1998
Timely interference
Timely interference Old habits die hard in countries where conservatism is entrenched, but recent events promise to push the Association of Southeast Asian Nations (ASEAN), toward a more interventionist approach to members' domestic affairs.