Archive: 11 August 1998
58 articles found
Tue, 11 Aug 1998, 00:00 WIB
JSX asked to refrain from delisting firms
JSX asked to refrain from delisting firms JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has asked the local stock exchanges to be more tolerant of poorly performing companies. Bapepam chairman Jusuf Anwar said that stock exchange operators should not delist ailing companies even though they no longer met requirements for listing.
Tue, 11 Aug 1998, 00:00 WIB
On Irian Jaya issue
On Irian Jaya issue The Page 2 article titled Churches back calls for Irian Jaya Independence published on Aug. 3 clearly shows that churches support the movement for Irian Jaya's independence. To clarify the matter, I feel the need to convey the following: Recently there has been political turbulence in Irian Jaya, just like in some other parts of our country. Reform is substantiated in various ways.
Tue, 11 Aug 1998, 00:00 WIB
Drugstore owner busted for selling marijuana
Drugstore owner busted for selling marijuana JAKARTA (JP): Police have arrested a man who used his traditional medicine shop on Jl. Sahardjo in Tebet, South Jakarta, as a front for drug dealing, an officer said yesterday. The head of the city police Narcotics Detective Unit Lt. Col. Abdullah said Syaiful Bachri, 27, was caught red-handed selling marijuana to a plainclothes officer at his shop Sunday afternoon.
Tue, 11 Aug 1998, 00:00 WIB
Marketing office torched in clash
Marketing office torched in clash DEPOK (JP): A marketing office building in the Telaga Golf Sawangan housing complex here was torched Friday night when hundreds of nearby residents clashed with the complex's security guards, a police officer said Saturday. Depok Police Chief Lt. Col. Fajar Prihantoro told The Jakarta Post that police had questioned Edi, 18, one of the residents involved in the clash.
Tue, 11 Aug 1998, 00:00 WIB
Not all parties will contest general election: Expert
Not all parties will contest general election: Expert JAKARTA (JP): The newly found greater political freedom allows anyone to establish a political party but the political laws being drafted will apply tight screening procedures so that not all of the parties will be able to contest the general election, an expert says. Political expert A.
Tue, 11 Aug 1998, 00:00 WIB
Manila raises interest rate
Manila raises interest rate MANILA (AP): The Philippine Central Bank announced yesterday it will raise its key overnight borrowing rate to 15 percent from 13 percent in an effort to slow the peso's rapid depreciation. The central bank also raised its overnight lending rate to 17 percent from 15 percent, also effective Tuesday. The rise in overnight rates appeared to have an immediate calming effect on the market, with many banks reducing their offer rates for the dollar on the news.
Tue, 11 Aug 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 10, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 325 0 10,000 AHAP Insurance 400 100 3,500 Alter Abadi 400 -25 5,000 Alumindo Light Metal 375 0 0 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 175 -25 49,500 Aneka Tambang 2,200 -50 5,535,000 Anwar Sierad 100 0 71,000 Apac Centertex Corp.
Tue, 11 Aug 1998, 00:00 WIB
Eating out? Wait a minute, it's crisis time
Eating out? Wait a minute, it's crisis time By Rita A. Widiadana JAKARTA (JP): The clock strikes 12 noon. Time for lunch. Hundreds of workers, housewives and their children flock to family restaurants in the city's malls or to more sophisticated cafes in the basements of office buildings and hotels. When they get there they are spoiled for choice.
Tue, 11 Aug 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibition * Arts Exhibition by Tanto and Kipli, at Galeripadi, Jl. Ir. H. Juanda 329 (Phone: 022 2500578), until Aug. 23. Performances * Poetry Reading, An evening with Indonesian and German Poetry, by Hamid Jabbar and Berthold Damshuser, the 'musique automatique' of guitarist Peter Habermehl at Goethe-Institut Bandung, Jl. Martadinata 48 (Phone: 022 436440), 7 p.m., Aug. 22. * Drama, by Teater Alibi, in Gedung Kesenian Rumentang Siang, Jl.
Tue, 11 Aug 1998, 00:00 WIB
IPTN needs more than five years to turn around
IPTN needs more than five years to turn around JAKARTA (JP): It will take more than five years to turn around ailing state-owned aircraft maker PT Industri Pesawat Terbang Nusantara (IPTN), a government official said yesterday.
Tue, 11 Aug 1998, 00:00 WIB
Bans on PRD, critical book lifted, court rules
Bans on PRD, critical book lifted, court rules JAKARTA (JP): A court has lifted the ban on the Democratic People's Party (PRD) which was blamed for the July 1996 riots and the Attorney General's Office has overturned the ban on a book written by labor leader Muchtar Pakpahan. The developments were announced here yesterday by lawyers from the Jakarta Legal Aid Institute.
Tue, 11 Aug 1998, 00:00 WIB
DKP points finger at Prabowo
DKP points finger at Prabowo JAKARTA (JP): The abduction of political activists were not ordered by the Armed Forces' (ABRI) top brass, but were carried out because of then Army Special Force (Kopassus) chief Lt. Gen. Prabowo Subianto's interpretation of his superiors' instructions, the Officers Honor Council (DKP) concluded yesterday. Council chairman Gen. Subagyo Hadisiswoyo told a media conference that Prabowo's instructions were only to "monitor" the activists' moves, especially in Jakarta.
Tue, 11 Aug 1998, 00:00 WIB
Rainfall in many areas above normal
Rainfall in many areas above normal JAKARTA (JP): Rain in Jakarta, the northern areas of West Java, Yogyakarta and large parts of East Java, Sumatra, Central and South Kalimantan and Sulawesi will continue to fall in above normal frequencies for the remainder of the month, the Meteorology and Geophysics Agency (BMG) has predicted. No areas are predicted to be drier than normal through August, according to a statement released by the agency here yesterday.
Tue, 11 Aug 1998, 00:00 WIB
Exchange program to be set up
Exchange program to be set up JAKARTA (JP): Indonesia and Malaysia have agreed to start a program to exchange educational staff, students and academicians. The memorandum of agreement was signed here yesterday by Indonesian Minister of Education and Culture Juwono Sudarsono (right) and his Malaysian counterpart Dato' Sri Mohd. Bin Tun Abdul Razak (second right).
Tue, 11 Aug 1998, 00:00 WIB
Talk show halted in midbroadcast
Talk show halted in midbroadcast JAKARTA (JP): A political talk show on private TV station Indosiar abruptly went off the air in midbroadcast last night, with the station later blaming the interruption on "technical" problems. Jointly hosted by social commentator Wimar Witoelar and economist Sjahrir, Dialog Aktual's topic was the government's plan to regulate freedom of expression. The show, scheduled from 10 p.m. to 11 p.m., went off the air after 15 minutes.
Tue, 11 Aug 1998, 00:00 WIB
Utut moves to third place in MK Cafe Cup
Utut moves to third place in MK Cafe Cup JAKARTA (JP): Grand Master (GM) Utut Adianto of Indonesia jumped to third place in the provisional standings at the MK Cafe Cup chess tournament in Koszalin, Poland, following two straight victories over the weekend. Utut rekindled his title hopes by collecting 5 points with three games remaining.
Tue, 11 Aug 1998, 00:00 WIB
Jakarta market plunges over bearish sentiment
Jakarta market plunges over bearish sentiment JAKARTA (JP): Rupiah started the week weaker yesterday in line with the falling yen and the bearish domestic sentiment, and the local bourse followed suit. Currency dealers said the trading volume of the rupiah-dollar was thin, which they attributed to Singapore's closure due to its national day holiday. The rupiah closed at 12,950/13,050 against the dollar on the Jakarta spot market, weaker than its Friday close of 12,750.
Tue, 11 Aug 1998, 00:00 WIB
IMF to disburse another $1 billion this month
IMF to disburse another $1 billion this month JAKARTA (JP): The International Monetary Fund (IMF) will disburse the next $1 billion loan payment to Indonesia at the end of this month, Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said yesterday. "The next loan disbursement will take place in late August," Ginandjar told reporters after speaking at the National Deliberative Council of the Association of Indigenous Business People.
Tue, 11 Aug 1998, 00:00 WIB
Jakartans warned to be ready for huge flooding
Jakartans warned to be ready for huge flooding JAKARTA (JP): The Meteorology and Geophysics Agency (BMG) warned Jakartans yesterday to prepare themselves against the possibility of massive flooding due to the impact of the La Nina weather phenomenon. Agency head Sri Diharto said the flooding would likely be caused by heavy rainfall and thunderstorms, which will accentuate the transition from the dry to the rainy season.
Tue, 11 Aug 1998, 00:00 WIB
Grand peat land project sacrifices local people
Grand peat land project sacrifices local people By Stevie Emilia JAKARTA (JP): Gone are the years when Sumiadi earned enough money from his rattan field and fish ponds to send his children to good schools outside his village in Sungai Jaya, Central Kalimantan. First, Sumiadi had to allow a part of his land to be used for the construction of canals for the one-million-hectare peat land project in Central Kalimantan, which was launched in February 1996 but started in early 1997.
Tue, 11 Aug 1998, 00:00 WIB
KONI may get profit share
KONI may get profit share JAKARTA (JP): Managing director of the Senayan sports complex Yasidi Hambali ruled out yesterday the possibility of handing over management of the venues to the National Sports Council or State Minister of Youth Affairs and Sports office, but said they deserved a share of the profits from running the venues.
Tue, 11 Aug 1998, 00:00 WIB
Habibie inaugurates six bridges in Batam
Habibie inaugurates six bridges in Batam JAKARTA (JP): President B.J. Habibie yesterday inaugurated a Rp 369.9 billion (US$26.4 million) highway with six bridges connecting Batam island to nearby islands in Riau province, and disclosed plans to build a bridge connecting Java and Sumatra. Habibie said the addition of a total of 2.26 kilometers of bridges and 54 kilometers of highway had increased the area controlled by the Batam Development Authority by 277 square kilometers.
Tue, 11 Aug 1998, 00:00 WIB
S&P expects more sovereign defaults
S&P expects more sovereign defaults LONDON (Reuters): Sovereign credit rating cuts so far this year outnumber rating rises and countries defaulting on debts are expected to increase in the coming decade, a study by rating agency Standard & Poor's said yesterday. There were no new sovereign defaults in 1997, but bonds issued by Pakistan and Indonesia face the greatest risk of default in the near term, the sovereign default study said.
Tue, 11 Aug 1998, 00:00 WIB
Brunei heir established
Brunei heir established BANDAR SERI BEGAWAN (AP): A wide-eyed 24-year-old with a passion for snooker and Bon Jovi was installed yesterday as heir to one of the world's richest monarchies. Amid Islamic prayers and booming guns, Sultan Hassanal Bolkiah passed on a jeweled Malay dagger to his eldest son, Prince Al- Muhtadee Billah, making him rightful heir to the throne held by his family for more than 500 years.
Tue, 11 Aug 1998, 00:00 WIB
Rich and poor alike affected by Malaysian water shortage
Rich and poor alike affected by Malaysian water shortage By Beth Duff-Brown PUCHONG, Malaysia (AP): For nearly 2,000 people in this low- income housing project, going eight days without water simply confirmed their belief that Malaysian officials had forgotten them. "The government gives priority to the rich, and we're neglected because we're poor," said Bak Itam, standing outside her wooden lean-to where she sells durian fruit and Flying Horse bleach.
Tue, 11 Aug 1998, 00:00 WIB
Hotel Ciputra beats 'Post' 3-1
Hotel Ciputra beats 'Post' 3-1 JAKARTA (JP): Hotel Ciputra beat The Jakarta Post 3-1 yesterday in their Group A opening match of the Hotel-Media soccer tournament at ABC Senayan field in Central Jakarta. Ciputra led the match 1-0 at halftime. The five-day tournament, held in conjunction with Indonesia's 53rd Independence Day, features six teams: Hotel Century Atlet, Hotel Ciputra, Hotel Dusit, The Jakarta Post, Media Indonesia and Republika.
Tue, 11 Aug 1998, 00:00 WIB
Dar es Salaam bomb suspects held
Dar es Salaam bomb suspects held NAIROBI (Reuters): The Tanzanian government said yesterday it had detained some suspects in the bombing of the U.S. embassy in Dar es Salaam, as delicate efforts continued to rescue a survivor from the more deadly blast at the U.S. mission in Kenya. "We have just gotten word that the government of Tanzania has announced that it has detained three groups of suspects," Susan Rice, U.S. Assistant Secretary of State for African Affairs, told reporters in Washington.
Tue, 11 Aug 1998, 00:00 WIB
Brawl turns into townwide fracas
Brawl turns into townwide fracas JAYAPURA, Irian Jaya: A fight turned into a townwide melee in Nabire yesterday morning, resulting in the destruction of two major markets and the local council building. The melee stemmed from a fight between diggers at the nearby Topo gold mine, about 69 kilometers outside town, on Sunday which ended with three men being killed. The bodies of two of the men were then taken to Nabire council building.
Tue, 11 Aug 1998, 00:00 WIB
Lampung villagers go to rights body
Lampung villagers go to rights body JAKARTA: A delegation representing some 1,000 villagers from Bakung Udik, Tulangbawang regency in Lampung submitted a complaint to the National Commission on Human Rights here yesterday over what they claim was the unjust appropriation of their land in 1992. Speaking after meeting with members of the rights body, farmer Wahab, 42, said the dispute involved a 8,700-hectare forest taken over from villagers without proper compensation.
Tue, 11 Aug 1998, 00:00 WIB
Asia palm oil prices mixed, RI supply up
Asia palm oil prices mixed, RI supply up KUALA LUMPUR (Reuters): Palm oil markets in Asia are likely to be mixed this week with Indonesian prices expected to soften because of anticipation that the Bulog commodity regulator would release its stocks into the market to boost supply. However, prospects of more export business and weak regional currencies could shore up prices in Malaysia and Singapore, traders said. "Prices may fall to Rp 5,000/kg because of the improving supply.
Tue, 11 Aug 1998, 00:00 WIB
Dialog must be maintained
Dialog must be maintained Although there is a long way to go before all the wrongs imposed on the Indonesian people can be addressed, the political reforms begun by the government of President B.J. Habibie offer hope of a national healing process.
Tue, 11 Aug 1998, 00:00 WIB
The PDI in an era of change
The PDI in an era of change The Indonesian Democratic Party (PDI) led by Megawati Soekarnoputri completed its national conference smoothly and without a hint of trouble over the weekend. This signals quite a considerable progress for Megawati's PDI in terms of its relationship with the government. In the past, practically no event staged by the PDI in which Megawati was scheduled to be present ever managed to obtain a permit from the authorities.
Tue, 11 Aug 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Tunas 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary: Upacara Adat Panjang Jimat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports: Monitor Olah Raga 6:30 TVRI News (in English) 7:00 Evening News 7:35 Cultural Program: Ledhek Rampadan 8:00 News: Lintasan Berita 8:05 Cultural Program: Ledhek Rampadan (contd.) 8:30...
Tue, 11 Aug 1998, 00:00 WIB
City told to simplify joint venture running
City told to simplify joint venture running JAKARTA (JP): A city councilor underlined yesterday the necessity to simplify management of the city's joint ventures with private companies in the campaign to whip them into better financial shape. Head of City Council Commission B for economic affairs Djafar Badjeber urged the city administration to put management of the joint ventures under one roof with the City Investment Management Agency (BPIPM).
Tue, 11 Aug 1998, 00:00 WIB
Experts urge legislators to revoke MPRS decree
Experts urge legislators to revoke MPRS decree JAKARTA (JP): Legal experts urged legislators yesterday to revoke the Provisional People's Consultative Assembly (MPRS) Decree No. XX/1966, thereby paving the way for constitutional amendments.
Tue, 11 Aug 1998, 00:00 WIB
Indonesian economy not ruined (2)
Indonesian economy not ruined (2) By C.J. de Koning This is the second of two articles on the Indonesian currency. JAKARTA (JP): Managing risks of foreign currency lending to Indonesia in general requires across-the-board transparency. The volume of outstanding loans, for instance, needs to be readily accessible at any given time. Otherwise, no reliable cash-flow picture can be drawn up.
Tue, 11 Aug 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 10, 1998: Buying Selling Rp Rp U.S.
Tue, 11 Aug 1998, 00:00 WIB
Doomsday near?
Doomsday near? What can be done and who can ease the pain of the victims of the recent riots? I believe that the local government should bear responsibility for the losses suffered by the local residents (Indonesians of Chinese descent as well as Chinese residents) because the government is responsible for law and order including the safety of all citizens.
Tue, 11 Aug 1998, 00:00 WIB
Habibie vows not to repeat mistakes of his predecessor
Habibie vows not to repeat mistakes of his predecessor JAKARTA (JP): President B.J. Habibie promised yesterday not to repeat the mistakes of his predecessor Soeharto who prioritized economic growth at the expense of wealth distribution. He said such an approach to development had created monopolies, oligopolies and unhealthy economic competition, where only a small number of people controlled the country's economy.
Tue, 11 Aug 1998, 00:00 WIB
SE Asian currencies slide in thin trading
SE Asian currencies slide in thin trading SINGAPORE (Dow Jones): The seemingly unstoppable slide of the yen dragged most Southeast Asian currencies lower yesterday. Even with transaction volumes greatly diminished by the closure of trading rooms in Singapore for a public holiday marking Sunday's National Day, there was little support for the regional currencies. After the U.S.
Tue, 11 Aug 1998, 00:00 WIB
INRO considers rubber market intervention
INRO considers rubber market intervention SINGAPORE (Dow Jones): The International Natural Rubber Organization has inquired about buying rubber from dealers, exporters and producers in Asia, after the rubber group's five- day Daily Market Indicator Price breached the "may buy" intervention level, rubber traders told Dow Jones Newswires yesterday. INRO's five-day DMIP average stands at 182.44 at present, below the 183.00 "may buy" level.
Tue, 11 Aug 1998, 00:00 WIB
Competition policy a must for RI to be competitive
Competition policy a must for RI to be competitive By Bob Widyahartono President B.J. Habibie has initiated the establishment of an Agency for the Empowerment of Indonesian Competitiveness. Such an agency sounds attractive but a thorough analysis of the competitive power of companies' strategic capabilities is required before it can function properly. JAKARTA (JP): Competition these days is very challenging and is continuously driven by improvements and innovation.
Tue, 11 Aug 1998, 00:00 WIB
Hotel workers act as foster parents
Hotel workers act as foster parents JAKARTA (JP): Fifty employees of Hotel Ciputra have agreed to act as foster parents to 69 orphanage children and finance the cost of their education, an executive of the hotel said Saturday. The hotel public relations manager, Harti Hadisoemo, said the foster parent program was aimed at helping the children, most of whom are homeless, to continue with their education.
Tue, 11 Aug 1998, 00:00 WIB
Japanese teacher aids needy Tangerang children
Japanese teacher aids needy Tangerang children JAKARTA (JP): A Japanese teacher presented cash donations and school supplies which she collected in her small prefecture in Fukuoka province to children of state schools in Tangerang yesterday. Momoyo Matsumoto, 50, from Kumamoto, has made the collections from local residents for seven years for Indonesian students. She said she could only attribute her motivation to love for the country, and particularly its children.
Tue, 11 Aug 1998, 00:00 WIB
Forestry research grant approved
Forestry research grant approved YOGYAKARTA: The International Tropical Timber Organization (ITTO) signed an agreement yesterday to present a US$600,000 research grant to Gadjah Mada University and the Forestry and Plantation Department of Ministry of Forestry. The agreement for the three-year grant was signed here yesterday by ITTO executive director BCY Freezailah and Gadjah Mada rector Ichlasul Amal.
Tue, 11 Aug 1998, 00:00 WIB
Patra Jasa takes huge losses from forced sales
Patra Jasa takes huge losses from forced sales JAKARTA (JP): PT Patra Jasa, a subsidiary of state oil and gas company Pertamina, said yesterday it had been forced to sell luxury houses to government officials at discounted prices over the past five years, creating a loss totaling Rp 45.2 billion (US$3.6 million).
Tue, 11 Aug 1998, 00:00 WIB
Digitcom to serve Indonesia
Digitcom to serve Indonesia SANTA MONICA, Calif. (Dow Jones): Digitcom Corp. plans to install its Internet Protocol telephony network in South Korea, Japan, Taiwan, Indonesia and Australia. In a press release Friday, the company said testing will begin this month. Digitcom will use Natural MicroSystems' Fusion platform. Digitcom develops Internet communications technology.
Tue, 11 Aug 1998, 00:00 WIB
Neighborhood security system
Neighborhood security system JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman yesterday kicked off a neighborhood security system in Glodok, West Jakarta, with the aim of fighting crime. "Such a system constitutes a real attempt by the public to prevent crime," Noegroho said at a security briefing attended by 2,000 police personnel at Lokasari field.
Tue, 11 Aug 1998, 00:00 WIB
Rescuing the economy
Rescuing the economy Some may see it as too early and therefore unfair to judge the performance of President B.J. Habibie's 80-day old government, which came to power by political default and inherited an economy already on the brink of collapse. Yet the stern warning to uphold basic economic principles given to Habibie's administration by 15 noted economists last week was urgently warranted.
Tue, 11 Aug 1998, 00:00 WIB
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 Aug. 10 to Aug. 16: U.S.
Tue, 11 Aug 1998, 00:00 WIB
Commision to probe rights violations in Aceh
Commision to probe rights violations in Aceh JAKARTA (JP): The National Commission on Human Rights is to send a second fact-finding team to Aceh to investigate alleged human rights violations in the westernmost province. Baharuddin Lopa, the commission's secretary-general, said he would lead the team himself and would depart within the next four days.
Tue, 11 Aug 1998, 00:00 WIB
AMINEF responds
AMINEF responds In reply to Ms. Nurhaya's letter (July 30) about the procedures for applying for 1999/2000 Fulbright scholarships, I would like to clarify how Indonesians wishing to apply for the highly competitive Fulbright scholarships can proceed. Ms. Nurhaya wrote that she read about the Fulbright Program on the Internet.
Tue, 11 Aug 1998, 00:00 WIB
Adi Sasono defends 'populist policies'
Adi Sasono defends 'populist policies' JAKARTA (JP): Minister of Cooperatives, Small and Medium Enterprises Adi Sasono parried yesterday the barrage of criticism leveled at the government's populist economic policy line, arguing it was the only way to feed the country's growing number of poor. He said it was the government's responsibility to protect its people and the measures fell under its contingency action plan to set up social safety net programs.
Tue, 11 Aug 1998, 00:00 WIB
Police provide contrary stories on shooting
Police provide contrary stories on shooting JAKARTA (JP): The police have given conflicting accounts of how a plaincloth officer shot dead two alleged street robbers at point-blank range on Jl. KH. Moch. Mansyur in Tambora yesterday morning. The two victims, Umang, 30, and Suherman, 35, were shot at point-blank range by Chief Sgt. Sularwo, a local police officer, after the suspects attempted to rob him at 2:30 a.m. near a traffic light on the West Jakarta street.
Tue, 11 Aug 1998, 00:00 WIB
Canada takes RI place in Thai IMF bailout
Canada takes RI place in Thai IMF bailout BANGKOK (Dow Jones): Canada formally took Indonesia's place yesterday as a lender in a US$17.2 billion credit line arranged for Thailand by the International Monetary Fund. Indonesia found itself unable to meet its commitment to a $500 million contribution when its own economy collapsed after the Thai program was arranged in August last year.
Tue, 11 Aug 1998, 00:00 WIB
Govt should eliminate nontariff barriers: Ginsi
Govt should eliminate nontariff barriers: Ginsi JAKARTA (JP): Importers urged the government yesterday to abolish immediately nontariff barriers on imports of chemical and plastic products to cut the soaring production costs of local industries. Chairman of the Indonesian Importers Association (Ginsi) Amirudin Saud said the elimination of the import barriers would lower the domestic selling price of imported items by about 30 percent.
Tue, 11 Aug 1998, 00:00 WIB
City to receive bigger profits
City to receive bigger profits JAKARTA (JP): Consolidated profits to be received by the city administration from PT Pembangunan Jaya, a city firm jointly run with business tycoon Ciputra, are projected to increase by 10 percent this year, an executive said. The firm's acting president, H. Daryanto Mangunpratolo, said Thursday that last year's profits received by the administration from the company were Rp 4.8 billion.
Tue, 11 Aug 1998, 00:00 WIB
Confidence in govt low: Survey
Confidence in govt low: Survey JAKARTA (JP): Confidence in the current government, including in its economic and political efforts to bring the country out of its dire economic crisis, has not been restored, a survey says. Indonesians view the government, the economy and the employment situation in the country in a negative light, the survey says.