Archive: 28 July 1998
55 articles found
Tue, 28 Jul 1998
Cabinet must stamp out corruption in ailing banks
Cabinet must stamp out corruption in ailing banks The Indonesian Bank Restructuring Agency (IBRA) has reported increases in liquidity support to ailing banks. Economist Kwik Kian Gie finds disturbing facts about the rife corruption in the banks.
Tue, 28 Jul 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from July 27 to August 2: U.S. dollar 1 Rp 14,100.00Austrian shilling 1 1,119.
Tue, 28 Jul 1998
Two new tax bylaws enacted
Two new tax bylaws enacted JAKARTA (JP): The city council enacted two bylaws yesterday on taxes on underground water and surface water, and on hotels and restaurants.Council speaker Edy Waluyo said that besides allowing the city to collect more money, the bylaw on the implementation and use of...
Tue, 28 Jul 1998
Aetna launches new products
Aetna launches new products JAKARTA (JP): Insurance company Aetna Life Indonesia, an affiliate of giant Aetna Inc. of the United States, launched two new policies yesterday geared for life and medical needs.
Tue, 28 Jul 1998
Haughtiness breeds contempt
Haughtiness breeds contempt Nothing but a tsunami could have shocked me out my daily reveries. And I am positive that the worst ever tidal wave in the era of reform has turned millions into statues from disbelief.
Tue, 28 Jul 1998
Riots in Jakarta
Riots in JakartaFrom Sinar PagiIf the lootings and riots in Medan had not been broadcast by private television stations, the looters in Jakarta might not have imitated the action. The Jakarta incidents came after those in Medan.
Tue, 28 Jul 1998
Govt to set new trade finance
Govt to set new trade finance JAKARTA (JP): The government will introduce a new trade finance scheme to help exporters import raw materials and export their products.Director General of International Trade Djoko Moeljono said here yesterday that the new scheme would complement the current scheme,...
Tue, 28 Jul 1998
INRO disputes rattle wary Asian rubber market
INRO disputes rattle wary Asian rubber market SINGAPORE (Reuters): Growing dissatisfaction over the International Natural Rubber Organization (INRO) among producing nations is showering Southeast Asia's wary rubber market with more uncertainties, traders said yesterday.
Tue, 28 Jul 1998
Lottery not disguised gambling: Minister
Lottery not disguised gambling: Minister JAKARTA (JP): Minister of Social Services Justika Baharsyah, insisted yesterday that a planned lottery to raise funds for sports differed from the previous gambling-oriented SDSB scheme."Unlike the now defunct SDSB, this new lottery contains no numbers.
Tue, 28 Jul 1998
Perhapi calls for review of mining firms' merger plan
Perhapi calls for review of mining firms' merger plan JAKARTA (JP): The Association of Indonesian Mining Professionals (Perhapi) called on the government yesterday to reconsider its plan to merge three state mining companies as part of its privatization strategy.
Tue, 28 Jul 1998
Palm oil market eyes ringgit and rupiah
Palm oil market eyes ringgit and rupiah KUALA LUMPUR (Reuters): Palm oil prices in Malaysia and Indonesia are expected to be largely influenced this week by the performance of the ringgit and rupiah, traders said.
Tue, 28 Jul 1998
Resolving the crisis more urgent than politics: Poll
Resolving the crisis more urgent than politics: Poll JAKARTA (JP): The majority of respondents in a new poll believe that resolving the economic crisis, not politics, should be the nation's top priority.
Tue, 28 Jul 1998
July 27 tragedy marked peacefully in other cities
July 27 tragedy marked peacefully in other cities SURABAYA (JP): Commemorations of the bloody incident in Jakarta on July 27, 1996, passed off peacefully yesterday in several cities across the country.Troops and police officers appeared to be tolerant of street rallies staged by loyalists of ousted...
Tue, 28 Jul 1998
SE Asian currencies fall in line with Japanese yen
SE Asian currencies fall in line with Japanese yen SINGAPORE (Dow Jones): Southeast Asian currencies are lower against the U.S. dollar late yesterday, in line with losses posted by the Japanese yen.The one exception to the rule is the thinly traded Indonesian rupiah, which managed to gain nearly 2...
Tue, 28 Jul 1998
Freedom of expression?
Freedom of expression? Although only four days have passed since the government enacted Decree No. 2/1998 restricting public protests and demonstrations, it seems safe to say that controversy over the new regulation will grow rather than lessen over the coming weeks.
Tue, 28 Jul 1998
Legacy of Bob Hasan's monopoly
Legacy of Bob Hasan's monopolyFrom Bisnis IndonesiaThe Association of Indonesian Forest Concessionaires (APHI) has, since 1990, collected from each member compulsory dues amounting to US$2 per hectare for purposes of inventory and mapping of forest concessions.
Tue, 28 Jul 1998
ASEAN grapples with democracy, human rights issues
ASEAN grapples with democracy, human rights issuesBy Stephen Powell MANILA (Reuters): When the Association of Southeast Asian Nations (ASEAN) admitted military-led Myanmar into its ranks last year, the group hardly seemed to be moving towards more open debate on democracy.
Tue, 28 Jul 1998
ASEAN delays its surveillance system: Official
ASEAN delays its surveillance system: Official MANILA (Dow Jones): The start of a pioneering scheme for Southeast Asian countries to mutually monitor each other's economies has been delayed, but the early-warning system to avert future crises in the region isn't being abandoned, a senior official...
Tue, 28 Jul 1998
Irianese ask to be repatriated
Irianese ask to be repatriated MERAUKE, Irian Jaya: Most of the 3,000 Irianese border- crossers currently living at the East Awin Camp in Kiungga, Papua New Guinea, have asked to be repatriated, a local officer said.
Tue, 28 Jul 1998
Mid-May mayhem boost arms business
Mid-May mayhem boost arms businessBy Christiani SA Tumelap JAKARTA (JP): The capital is officially a million miles from the Wild West of cowboy films because carrying guns or even sharp weapons on the streets will see you end up in jail.
Tue, 28 Jul 1998
Sulawesi farmers baffled by high shrimp and bean profits
Sulawesi farmers baffled by high shrimp and bean profitsBy Arifuddin Saeni UJUNGPANDANG (JP): As Indonesia sinks deeper into an economic abyss, people warily look around for lifeboats.But the metaphor does not apply to cacao and shrimp farmers in South Sulawesi.
Tue, 28 Jul 1998
Another new political party established
Another new political party established JAKARTA (JP): Members of the Council for People's Mandate (MARA), which includes noted opposition figure Amien Rais, revealed that they had laid the groundwork for the establishment of a political party expected to come into being in less than a month.
Tue, 28 Jul 1998
'Bandung Pos' back in town
'Bandung Pos' back in town BANDUNG: After several weeks of absence, the Bandung Pos reappeared yesterday in a new tabloid format.Its publishers said the tabloid would appear temporarily in this new format three times a week -- Monday, Thursday and Saturday."For now we're publishing in this format.
Tue, 28 Jul 1998
Govt slammed for law on freedom of expression
Govt slammed for law on freedom of expression JAKARTA (JP): Observers have slammed the government for issuing a regulation on "freedom of expression", calling the move undemocratic and antireform.The critics also demanded that President B.J. Habibie call off the four-chapter, 17-article No.
Tue, 28 Jul 1998
U.S. Exim Bank doing no new business here
U.S. Exim Bank doing no new business here HONG KONG (Dow Jones): One of the few U.S. government agencies that could help rescue beleaguered Indonesian companies from the ravages of Asia's currency crisis says it hasn't been able to provide any financial assistance.
Tue, 28 Jul 1998
Utut clinches second place in Biel Masters
Utut clinches second place in Biel Masters JAKARTA (JP): A one-day break allowed Indonesian Grand Master Utut Adianto to recoup at the Biel Masters in Switzerland on Sunday.Refreshed Utut demonstrated his usual pressurizing style when playing white to beat GM Florin Gheorghiu of Rumania in the...
Tue, 28 Jul 1998
Leather exhibition opens
Leather exhibition opens JAKARTA (JP): Minister of Industry and Trade Rahardi Ramelan is due to open today a five-day leather and leather products exhibition at the ministry's office on Jl. Gatot Subroto, South Jakarta.
Tue, 28 Jul 1998
Enough is enough for RI Chinese
Enough is enough for RI ChineseBy Rahayu Ratnaningsih This is the second of two articles on the relationship between people of Chinese and Malay descent in the country. JAKARTA (JP): I would like to take myself as living proof of how cruel sweeping generalizations can be.
Tue, 28 Jul 1998
Thousands attend peaceful PDI rally
Thousands attend peaceful PDI rally JAKARTA (JP): Thousands of people attended a peaceful rally at Megawati Soekarnoputri's home in Kebagusan, South Jakarta, yesterday to commemorate the second anniversary of the forced takeover of the Indonesian Democratic Party's (PDI) headquarters.
Tue, 28 Jul 1998
Bayer allowed to export
Bayer allowed to export JAKARTA (JP): PT Bayer Indonesia said yesterday it had been awarded Pharmaceutical Inspection Convention certification which enables the company to export its pharmaceutical and over- the-counter products to Europe, Australia and New Zealand.
Tue, 28 Jul 1998
Rich people urged to give donations to city orphanages
Rich people urged to give donations to city orphanages JAKARTA (JP): Councilors and city social services office officials appealed to the capital's rich yesterday to spare part of their fortunes to help 54 penniless and overcrowded orphanages.
Tue, 28 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 27, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 350 0 0 AHAP Insurance 575 0 0 Alter Abadi 525 -25 60,500 Alumindo Light Metal 300 0 0 Alumindo Perkasa...
Tue, 28 Jul 1998
Burning of office investigated
Burning of office investigated BOGOR (JP): Police are currently investigating the destruction and burning of an office owned by PT Beauty Mulyanto, a firm which manages sand quarrying, at Tamansari village in Rumpin district here Sunday, an official said yesterday.Bogor police chief Lt. Col.
Tue, 28 Jul 1998
Life gets harder for Pelus river rock smashers
Life gets harder for Pelus river rock smashersBy Agus Maryono and Ngadi Utomo PURWOKERTO, Central Java (JP): The one-year-long economic crisis has brought increasingly hard times for the countless "strongwomen" along the Pelus river who traditionally make a living smashing rocks.
Tue, 28 Jul 1998
'No turnaround in sight' for Asia automobile market
'No turnaround in sight' for Asia automobile market TOKYO (Reuters): The severe slump in Southeast Asia's auto markets is likely to linger after dismal results for the first half of the year, analysts say, although fresh car financing schemes may offer some relief, albeit modest.
Tue, 28 Jul 1998
30 teams enter English debating competition at UI
30 teams enter English debating competition at UI JAKARTA (JP): Should the Indonesian military remain in politics? Should Indonesia lease some of its islands? Is Asterix really mightier than Obelix? Are monarchies really a thing of the past? Should anyone ever become a sex symbol?These are some of...
Tue, 28 Jul 1998
Do we really have a crisis of national leadership?
Do we really have a crisis of national leadership?By Mochtar Buchori JAKARTA (JP): Do the leaders of this nation have the ability to lead the country out of the present economic and political crises? Will they be able to use the power entrusted to them to impel their respective followers into...
Tue, 28 Jul 1998
Exports of subsidized goods banned
Exports of subsidized goods banned JAKARTA (JP): A three-week ban goes into effect today on exports of several subsidized commodities to prevent the goods, most of which are imported, from being reexported.
Tue, 28 Jul 1998
Lippobank chief endorses scheme to help ailing banks
Lippobank chief endorses scheme to help ailing banks JAKARTA (JP): The government should encourage healthy banks to take over the nonperforming loans of ailing banks to help breathe new life into the country's ailing banking industry, a noted banker suggested here yesterday.
Tue, 28 Jul 1998
House no 'rubber stamp' anymore
House no 'rubber stamp' anymoreFrom Bisnis IndonesiaThe House of Representatives managed to reduce the 1998/1999 state budget submitted by the government from Rp 277.14 trillion to Rp 263.89 trillion. It is a positive sign and has no precedent in the 32 years of the New Order reign.
Tue, 28 Jul 1998
S'pore promotes chemicals industry as growth engine
S'pore promotes chemicals industry as growth engineBy Raj Rajendran SINGAPORE (Reuters): Singapore is firing up a second engine, the chemical industry, to propel its economy out of the regional chaos and into the next millennium.
Tue, 28 Jul 1998
Govt to end Jamsostek's monopoly
Govt to end Jamsostek's monopoly JAKARTA (JP): President B.J. Habibie has agreed to end the monopoly of the state-owned PT Jamsostek to run social security programs for workers, a minister said yesterday.Minister of Manpower Fahmi Idris said the government would soon revise law No.
Tue, 28 Jul 1998
Peat reclamation project yields harvest of discord
Peat reclamation project yields harvest of discordBy Yudha Kartohadiprodjo JAKARTA (JP): Good intentions do not always yield good results, particularly if the actions are carried out without careful consideration.
Tue, 28 Jul 1998
Taiwan condemns RI for ethnic Chinese abuses
Taiwan condemns RI for ethnic Chinese abuses TAIPEI (Agencies): Taiwan yesterday warned Indonesia against condoning a spread of human rights abuses and sexual assault against ethnic Chinese."Ethnic Chinese have been a major power behind Indonesia's economy," Foreign Minister Jason Hu told reporters.
Tue, 28 Jul 1998
Local banks agree to help export-oriented companies
Local banks agree to help export-oriented companies JAKARTA (JP): The government signed yesterday a memorandum of understanding with 21 local banks to provide loans worth about Rp 2.5 trillion (US$185.2 million) to help revive export-oriented industries.
Tue, 28 Jul 1998
Local markets ends higher following peaceful rally
Local markets ends higher following peaceful rally JAKARTA (JP): The Indonesian financial markets gained ground yesterday, with the rupiah breaking the psychological barrier of 14,000 against the U.S. dollar and stock prices increasing, after fears of more social unrest proved groundless.
Tue, 28 Jul 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Anak Indonesia 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:25 Film: Anak Seribu Pulau 6:00 News: Lintasan Berita 6:05 Management Program: Kiat Usaha...
Tue, 28 Jul 1998
Court asked to free defendants in Trisakti shooting incident
Court asked to free defendants in Trisakti shooting incident JAKARTA (JP): Defense lawyers in the court martial of two police officers accused of indiscipline during the Trisakti shooting incident continued to demand the release of their clients yesterday, arguing they had acted according to...
Tue, 28 Jul 1998
Political change beginning to show
Political change beginning to show Signs of a newly emerging political constellation in this country are beginning to show. A recent survey held by the Indonesian Institute of Sciences (LIPI) put Amien Rais at the head of the list of potential presidential candidates, with Megawati following...
Tue, 28 Jul 1998
Early warning system for PNG
Early warning system for PNG CANBERRA (AP): A network of seismological beacons will be installed along Papua New Guinea's north coast as an early warning device against future tsunamis, the Australian government said yesterday.
Tue, 28 Jul 1998
Food poisoning hits orphanage
Food poisoning hits orphanage PALU, Central Sulawesi: At least 12 children from the Aisyiah orphanage were still in intensive care here yesterday after eating donated food on Saturday and coming down with food poisoning.
Tue, 28 Jul 1998
Shell, Arco boost presence in SE Asia
Shell, Arco boost presence in SE Asia SINGAPORE (Dow Jones): Royal Dutch/Shell Group (RD) and Atlantic Richfield Co. are boosting their presence in Southeast Asia's natural gas sector, despite the regional economic downturn that's halted many gas infrastructure projects in their tracks.
Tue, 28 Jul 1998
Village head urged to quit
Village head urged to quit TANGERANG (JP): Residents of Pasir Jaya village in Jatiuwung district have demanded that their village head, Eddy Syamsudin, quit as they believe he illegally sold a road linking their village to others.
Tue, 28 Jul 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 27, 1998: Buying Selling Rp Rp U.S. dollar 1 13,500.00 14,500.00Austrian shilling 1 1,037.80 1,186.20Australian dollar 1 8,204.00 8,758.50Belgian franc 1 367.00 390.00Canadian dollar 1 9,001.
Tue, 28 Jul 1998
Three-year jail term sought for alleged abortionist
Three-year jail term sought for alleged abortionist JAKARTA (JP): A prosecutor asked the Central Jakarta District Court yesterday to sentence a clinic owner to three years in jail and fine her Rp 3 million for overseeing illegal abortions.