Archive: 11 September 1998
65 articles found
Fri, 11 Sep 1998, 00:00 WIB
House extends approval deadline for banking bill
House extends approval deadline for banking bill JAKARTA (JP): The House of Representatives (DPR) extended on Thursday the deadline for approving the country's banking bill to Oct. 16 from the earlier schedule of Sept. 29 to allow more time to debate the government-proposed draft law. The bill will amend the 1992 Banking Law, which is deemed ineffective to restructuring the troubled banking sector and particularly to clean up the sector's mounting bad assets.
Fri, 11 Sep 1998, 00:00 WIB
EVA Air stops direct flight to Surabaya
EVA Air stops direct flight to Surabaya JAKARTA (JP): Taiwan airline EVA Air will stop direct shuttle flights from Taipei to Surabaya, East Java, from Sept. 21 following a drop in demand. Billy Djohan, the acting deputy manager for Perdana Andalan Air Service, which is EVA Air's sales agent in Indonesia, said the company's aircraft would still fly to Surabaya on indirect flights from Taipei via Bali, Denpasar.
Fri, 11 Sep 1998, 00:00 WIB
New move on debt
New move on debt The Indonesian government has finally moved to help resolve problems surrounding the repayment of Rp 692 trillion (US$62.8 billion) in corporate debt owed to domestic banks. An impasse on the issue of repayment has resulted in a virtual freeze on lines of credit to businesses in the country.
Fri, 11 Sep 1998, 00:00 WIB
Govt to seek 200% premium Gresik
Govt to seek 200% premium Gresik JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng said on Thursday the government would seek a minimum 200 percent price premium for its 14 percent stake in publicly listed cementmaker PT Semen Gresik. "The 200 percent premium will be the minimum price formula for Gresik's shares. If possible we can sell higher than that," Tanri told journalists on the sidelines of a seminar on the Brazilian privatization experience.
Fri, 11 Sep 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Sept. 10, 1998: Buying Selling Rp Rp U.S.
Fri, 11 Sep 1998, 00:00 WIB
Students demonstrate near Presidential Palace
Students demonstrate near Presidential Palace JAKARTA (JP): About 1,000 student demonstrators staged a noisy but peaceful rally near the Presidential Palace on Thursday, demanding President B.J. Habibie's government lower staple food prices and try former president Soeharto. The protesters were from 25 universities in the greater Jakarta area grouped in the Communication Forum of Jakarta's Student Senate (FKSMJ).
Fri, 11 Sep 1998, 00:00 WIB
Kodam installs new officers
Kodam installs new officers JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman installed new heads in three Jakarta Military Command sections in a ceremony at the command's headquarters in Cililitan, East Jakarta, on Monday. A spokesman for the military command, Lt. Col. DJ. Nachrowi, said the first of the three newly-installed heads was Lt. Col. Darpito Pudyas Tungkoro, who replaced Col. Suryawinata as planning assistant. The second was Lt. Col.
Fri, 11 Sep 1998, 00:00 WIB
School band contest planned
School band contest planned JAKARTA (JP): Freedom is the theme of a high-school band contest being organized by Levi Strauss. Registrations will be open from Sept. 15 to Oct. 20 for high- school bands from Jakarta, Bandung, Central Java, Yogyakarta and Surabaya. Contestants are required to register at certain local radio stations.
Fri, 11 Sep 1998, 00:00 WIB
Economic rescue
Economic rescue From Kompas Regarding the Declaration on the Rescue of Indonesia's Economy, reported in Kompas of Aug.
Fri, 11 Sep 1998, 00:00 WIB
Privatizing slowly-slowly
Privatizing slowly-slowly After the forest fires, followed by drought, a currency collapse and social and political unrest, Indonesia, with other emerging markets, has watched as each of its major foreign currency earners has dropped by about half during the past three years -- oil, tourism, palm oil and many others besides.
Fri, 11 Sep 1998, 00:00 WIB
Australia sees Asian sugar market staying bearish
Australia sees Asian sugar market staying bearish PHUKET, Thailand (Reuters): Australia, embracing a bearish view of Asian sugar markets, says demand will be hit by the current economic downturn and currency devaluations. To make matters worse, a flow of Brazilian sugar to the region will keep markets edgy, David Rutledge, chief executive of Queensland Sugar Corp. said on Thursday.
Fri, 11 Sep 1998, 00:00 WIB
Bylaw needed to stamp out misappropriation
Bylaw needed to stamp out misappropriation JAKARTA (JP): A city councilor urged the administration on Wednesday to prepare a new bylaw on the management of the city's properties in order to help protect them from being misappropriated.
Fri, 11 Sep 1998, 00:00 WIB
ABN acquires Thai bank
ABN acquires Thai bank BANGKOK (Dow Jones): Netherlands' ABN Amro Holding NV (AAN) officially confirmed its purchase of a 75 percent stake in Thailand's Bank of Asia PCL (H.BKA) Thursday, saying it wanted to turn the bank into one of the country's top commercial lenders. Sergio Rial, chief executive of ABN Amro Asia-Pacific, said the Dutch bank's involvement with Bank of Asia would make it easier to raise cheap international credit and capture a larger share of Thailand's trade financing market.
Fri, 11 Sep 1998, 00:00 WIB
New dance group to take the stage
New dance group to take the stage JAKARTA (JP): A new modern dance company is to officially open on its premier performance Friday evening, the first of a two-day show at the Gedung Kesenian Jakarta (GKJ), Central Jakarta. It will feature Chendra Effendy, Farida Oetoyo, Yudistira Syuman and Wied Sendjayani staging their choreographies to the music of an eight-member group headed by composer Wong Aksan, drummer of the famous alternative-rock group, Dewa 19.
Fri, 11 Sep 1998, 00:00 WIB
Middle East investors look at Indonesia's business prospects
Middle East investors look at Indonesia's business prospects JAKARTA (JP): About 200 major Middle Eastern investors and bankers are taking a closer look at the business opportunities cropping up in the country's battered economy. Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Aburizal Bakrie said on Thursday the investors would concurrently attend a two-day workshop on finance at the Borobudur Inter-Continental Hotel.
Fri, 11 Sep 1998, 00:00 WIB
Motorcyclist stabbed to death
Motorcyclist stabbed to death TANGERANG (JP): An unidentified group of people reportedly stabbed a motorcyclist identified as Mulyadi, 25, to death on Jl. Palayangan, Cilenggang subdistrict, in Serpong here in the early hours of Wednesday morning. Lewi Dulai, 21, who was riding with Mulyadi, was severely injured in the unexpected attack and was rushed to Tangerang General Hospital for medical treatment.
Fri, 11 Sep 1998, 00:00 WIB
Soeharto flaying must end: Analysts
Soeharto flaying must end: Analysts JAKARTA (JP): Observers agree that the government should dampen excessive public criticism of Soeharto after the former president complained of being defamed, but also called for the investigation into Soeharto's past to continue.
Fri, 11 Sep 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 10, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 0 10,000 Alumindo Light Metal 175 0 0 Alumindo Perkasa 225 0 0 Aneka Kimia Raya 150 0 0 Aneka Tambang 1,450 25 9,321,000 Anwar Sierad 75 0 7,000 Apac Centertex Corp.
Fri, 11 Sep 1998, 00:00 WIB
Last chance for Imelda Marcos
Last chance for Imelda Marcos MANILA (AP): Lawyers for Imelda Marcos on Thursday made their final appeal before the Philippine Supreme Court to keep the widow of the former leader from serving a 12-year jail term for graft. In 1993, Imelda was found to have violated the anti-graft law on two counts involving the lease of government property and was sentenced to 24 years in jail.
Fri, 11 Sep 1998, 00:00 WIB
HIV carriers up in Vietnam
HIV carriers up in Vietnam HANOI (Reuters): A growing number of people in Vietnam have been infected with the Human Immunodeficiency Virus (HIV), which has now spread to all but two of the country's provinces, an official said on Thursday. The official from the National AIDS Protection Committee said statistics showed 10,119 cases of HIV, while more than 1,240 people had full-blown AIDS, or Acquired Immune Deficiency Syndrome. She said a further 674 people had died from AIDS.
Fri, 11 Sep 1998, 00:00 WIB
Two suspects arrested over Pamulang murder
Two suspects arrested over Pamulang murder JAKARTA (JP): Two children and their pregnant mother were found murdered in their Bumi Pelita Kencana housing complex residence on Wednesday in Pondok Cabe, Pamulang. Suroto found his six-month pregnant wife, Suryatiningsih, 36, and his 12-year-old daughter, Nurwanti, dead in a wardrobe. He also discovered his nine-year-old son, Rachmanto, lifeless in a filled bathtub. Police arrested two men for the murders later on Wednesday, city police spokesman Lt.
Fri, 11 Sep 1998, 00:00 WIB
'Haur Koneng' case to be reopened
'Haur Koneng' case to be reopened BANDUNG, West Java (JP): The provincial council here has formed a fact-finding team to investigate five murders which took place five years ago, the council said in a statement on Wednesday. The team will investigate the deaths of a Moslem sect leader, three villagers and a police officer in Majalengka regency, West Java, in a case which has come to be known as the haur koneng case after the Moslem sect at its center.
Fri, 11 Sep 1998, 00:00 WIB
Crops bulldozed in simmering land dispute
Crops bulldozed in simmering land dispute BOGOR (JP): About 20 Gunung Batu villagers from the Bojongkoneng area visited the local residency administration office on Thursday, protesting the irresponsible action of a developer in a land dispute dating back six years. In the latest confrontation, employees of PT Light Istrumenindo bulldozed their crops of cassava, bananas and corn on Wednesday, the villagers claimed. The party, representing 56 families, vowed to reclaim the property soon.
Fri, 11 Sep 1998, 00:00 WIB
Rape protesters get a shock
Rape protesters get a shock SINGAPORE (DPA): Singapore's top women's group got a surprise when it handed Indonesian embassy officials a petition protesting alleged mass rapes in Indonesia, the group's president said on Thursday. Indonesian officials on Wednesday accepted the 40,000- signature petition -- but then offered to let the Singaporeans meet a group of 22 Indonesian maids who say that they were raped or abused in Singapore and are being sheltered at the embassy.
Fri, 11 Sep 1998, 00:00 WIB
KL's commodity, monetary markets merge
KL's commodity, monetary markets merge KUALA LUMPUR (Bloomberg): Malaysia's Kuala Lumpur Commodity Exchange and the Malaysia Monetary Exchange Bhd. will merge Nov. 2 to form the Commodity & Monetary Exchange of Malaysia, or Comex. The new entity will trade crude palm oil futures and Klibor interest rate futures to capitalize on lower costs and the inflow of ringgit expected back in the country from now to Oct. 1, said Zaha Rina Haji Zahari, deputy chairman of the Kuala Lumpur Commodity Exchange.
Fri, 11 Sep 1998, 00:00 WIB
Indonesia enlists 132 athletes for Asian Games
Indonesia enlists 132 athletes for Asian Games JAKARTA (JP): The National Sports Council (KONI) will boast a contingent of 132 athletes from 19 sports in the Asian Games in Bangkok in December. Training director Mochamad Hindarto said on Thursday that the entry form for the national team was sent on Monday. However, it was subject to change pending the final decision on the fate of the soccer team by midnight on Thursday.
Fri, 11 Sep 1998, 00:00 WIB
ASEAN agrees to ease flow of vehicles
ASEAN agrees to ease flow of vehicles SINGAPORE (AFP): ASEAN member-states agreed on Thursday to hasten cross-border movement of commercial vehicles and goods as the group launched work on a blueprint to bolster regional transport systems. Transport ministers from ASEAN signed an agreement to recognize each other's commercial vehicle inspection standards and endorsed another pact to hasten movement of goods while in transit within the region.
Fri, 11 Sep 1998, 00:00 WIB
Easing monetary policy poses risk, BI official says
Easing monetary policy poses risk, BI official says SINGAPORE (Reuters): A relaxation of monetary policy at this point in time posed enormous risks although high interest rates had not brought about a recovery in the ailing rupiah, an Indonesian central bank official said on Thursday. Miranda Goeltom, one of Bank Indonesia's managing directors, said in a speech for a conference in Singapore that tight monetary policy had to continue in line with rising inflation.
Fri, 11 Sep 1998, 00:00 WIB
Vietnam's foreign investment
Vietnam's foreign investment HANOI (DPA): Vietnam approved foreign investment amounting to US$1.6 billion for the first eight months of 1998, according to official figures released Thursday. The ministry of planning and investment listed a total of 171 projects licensed by Hanoi during the period with registered capital of 537 million dollars. The ministry did not release comparative figures for the same period last year.
Fri, 11 Sep 1998, 00:00 WIB
Official warns of dengue outbreak
Official warns of dengue outbreak JAKARTA (JP): A city administration official warned on Tuesday of the possibility of another outbreak of dengue fever during the upcoming rainy season, which is expected to be marked by unusually heavy rainfall as a result of the La Nia weather phenomenon.
Fri, 11 Sep 1998, 00:00 WIB
MPR may ask Soeharto for account
MPR may ask Soeharto for account JAKARTA (JP): The special session of the People's Consultative Assembly (MPR) planned for November may well hear former president Soeharto's account of his leadership if the factions push the issue, according to Assembly member Poedjono Pranyoto.
Fri, 11 Sep 1998, 00:00 WIB
Gen. Hartono the undesirable
Gen. Hartono the undesirable JAKARTA (JP): Villagers in Bengkalis, Riau, are taking offense at a four-meter tall statue of Gen. (ret) R. Hartono standing to attention in his full military uniform at an oil palm plantation belonging to powerful tycoon Liem Sioe Liong. Villagers have asked the provincial councilors to use their influence to have the statue removed, saying that the company is using it to "terrorize" indigenous people trying to reclaim their land taken for the project.
Fri, 11 Sep 1998, 00:00 WIB
Neighbors' unrest threatens S'pore
Neighbors' unrest threatens S'pore By Jerry Norton SINGAPORE (Reuters): Singapore is experiencing short-term pain but could see some long-term gain from economic and political turmoil in nearby Malaysia, analysts say. Regardless of the ultimate impact, however, the episode is a reminder of the vulnerability of Singapore -- a tiny island 77 percent of whose citizens are ethnic Chinese -- to events in its much larger Moslem neighbors, Malaysia and Indonesia.
Fri, 11 Sep 1998, 00:00 WIB
One dies in strike against forest looters
One dies in strike against forest looters YOGYAKARTA (JP): Police operations to curb looting of teak forests in Ngawi regency have resulted in one fatality, two rubber bullet injuries and at least 115 arrests between Sept. 3 and Sept. 9. Suparman Marzuki, the head of the legal aid consultancy at the privately run Indonesian Islamic University, has alleged that the operation, code-named Wana Semeru, had violated people's human rights.
Fri, 11 Sep 1998, 00:00 WIB
Remaining combat troops withdrawn from Aceh
Remaining combat troops withdrawn from Aceh JAKARTA (JP): The Armed Forces (ABRI) has pulled out the 300 remaining combat troops from Aceh following the restoration of order in the riot-hit province. The troops were transported by military trucks from the Aceh Military District Headquarters in Lhokseumauwe, North Aceh, on Wednesday. No ceremony was held to mark their departure. Lt. Col.
Fri, 11 Sep 1998, 00:00 WIB
Pete starts RI drilling
Pete starts RI drilling LONDON (Dow Jones): UK-based Dana Petroleum PLC said Thursday that in partnership with Premier Oil PLC, Amerada Hess Corp. (AHC) and Gulf Resources Ltd., it has begun drilling on the Pangkah production sharing contract (PSC) area in the East Java Sea, Indonesia. The prospect is located in a proven hydrocarbon basin, with "substantial reserves potential," Dana said.
Fri, 11 Sep 1998, 00:00 WIB
Political players need to negotiate
Political players need to negotiate By Rizal Mallaranggeng The following article is based on a paper presented at a discussion on finding a "new vision" in the post-Soeharto era held by the Center for Strategic and International Studies on Aug. 25. JAKARTA (JP): The reform process is entering a critical period in which it could result in either a form of anarchy or democracy.
Fri, 11 Sep 1998, 00:00 WIB
Pontjo seen as Garuda commissioner
Pontjo seen as Garuda commissioner JAKARTA (JP): Pontjo Sutowo, the chairman of the Association of Indonesian Hotels and Restaurants, has been named as a possible future commissioner for national flag carrier Garuda Indonesia. Minister of the Empowerment of State Enterprises Tanri Abeng said on Thursday that Pontjo, also the owner of the Jakarta Hilton International Hotel, was an appropriate figure to sit on the airline's supervisory board.
Fri, 11 Sep 1998, 00:00 WIB
Rupiah, stocks suffer on political woes
Rupiah, stocks suffer on political woes JAKARTA (JP): Indonesia's rattled financial markets shuddered again on Thursday with the rupiah sinking below 12,000 to the U.S. dollar on the back of escalating political tension at home, currency dealers said. Stock prices also suffered, although the main price index rose slightly.
Fri, 11 Sep 1998, 00:00 WIB
Belo says Timor must decide own future
Belo says Timor must decide own future DILI (JP): Dili Bishop Carlos Felipe Ximenes Belo called on the government and international forums on Thursday to let the East Timorese decide on the fate of their troubled province. "We believe the solution lies with the East Timorese through a common vision and perception about the future of the province," Belo said at the opening of a two-day dialog involving local public figures in Dare, West Dili.
Fri, 11 Sep 1998, 00:00 WIB
BI governor reaffirms free forex policy
BI governor reaffirms free forex policy JAKARTA (JP): Bank Indonesia (BI) Governor Sjahril Sabirin reiterated on Thursday that the country would not copy Malaysia's move last week imposing foreign exchange controls. Sjahril said Indonesia had already had an experience with capital controls in the past and believed them to be ineffective.
Fri, 11 Sep 1998, 00:00 WIB
S. Korea, RI plan barter deal
S. Korea, RI plan barter deal SEOUL (Dow Jones): South Korea's Ministry of Commerce, Industry and Energy said it concluded Thursday a two-day meeting with Indonesian government officials on improving trade between the two countries during an annual committee of energy and mineral resources cooperation.
Fri, 11 Sep 1998, 00:00 WIB
Mudjito elected PSASI chairman
Mudjito elected PSASI chairman JAKARTA (JP): Navy Western Fleet commander Rear Admiral Mudjito was elected chairman of the Indonesian Water Skiing Association (PSASI) in a national congress held in Sunter, North Jakarta, on Wednesday. A release from the association said Mudjito, who replaced Vice Admiral Suratmin, will be assisted by M. Syamsi RT, I Wayan Purnayasa, Tatang Sugandi and Soebagiyo.
Fri, 11 Sep 1998, 00:00 WIB
Pedicabs should have a place in the city: NGOs
Pedicabs should have a place in the city: NGOs JAKARTA (JP): Four major non-governmental organizations on Thursday demanded the city administration allow a limited number of pedicabs (becak) to operate in designated areas of the capital. A policy on the pedicabs -- currently banned despite a policy flip-flop earlier in the year -- could be justified based on the leniency shown toward street cafes, executives of the NGOs told the City Council in a meeting. Seven pedicab drivers also attended.
Fri, 11 Sep 1998, 00:00 WIB
IMF urges govt to halt increase in rice prices
IMF urges govt to halt increase in rice prices JAKARTA (JP): The Indonesian government needs to take immediate measures to stop further increases in the price of rice and to boost supplies, the International Monetary Fund (IMF) Asia Pacific Director Hubert Neiss said on Thursday. Neiss told reporters after a meeting with President B.J. Habibie that rice shortages and rising prices were potentially highly sensitive in Indonesia, the world's fourth most populous country.
Fri, 11 Sep 1998, 00:00 WIB
SE Asian monies struggle as market looks to yen, mark
SE Asian monies struggle as market looks to yen, mark SINGAPORE (Dow Jones): Southeast Asian currencies languished against the U.S. dollar in quiet trading late Thursday as traders, fund managers and speculators focused their attention on the yen and German mark. Regional currencies -- still reeling from weeks of poor economic and political news -- are no longer seeing the short, sharp shocked movements that had been common in intraday trading, dealers said.
Fri, 11 Sep 1998, 00:00 WIB
Toiletries bazaar to be held at UGM
Toiletries bazaar to be held at UGM JAKARTA (JP): A one-day bazaar to sell toiletries will be held on Sunday at Gadjah Mada University in Yogyakarta, the organizers said in a press release on Wednesday. The event's organizers, Arupa, said they were seeking producers willing to provide packages worth Rp 21,050 which they hope will be sold for as little as Rp 2,000. They have set a target of 3,000 packages.
Fri, 11 Sep 1998, 00:00 WIB
'Kartu Halo'
'Kartu Halo' I have been using Kartu Halo, operated by Telkomsel, for more than two years. Recently, Telkomsel has been wanting in its service, as I have been experiencing a nonperformance from my Kartu Halo. On Jakarta's main streets it is very hard to make or to receive calls. Calls in progress are often either disturbed or cut off. When my calls seem to go through, suddenly the connection is cut off.
Fri, 11 Sep 1998, 00:00 WIB
Medco needs US$90 million
Medco needs US$90 million JAKARTA (JP): Publicly-listed oil and gas company Medco Energy Corporation said on Thursday that it needs an investment of US$90 million to increase production in the Kaji Semoga oil field in South Sumatra to 35,000 barrels per day (bpd) within the next two years. The field currently produces 20,000 bpd. Company president J.S. Karamoy did not specify how the company intends to raise the funds in a press release on Thursday.
Fri, 11 Sep 1998, 00:00 WIB
China's problems worsen Asian oil demand slump
China's problems worsen Asian oil demand slump LONDON (Reuters): China's oil demand growth has slumped, dragging Asian consumption down, after the worst floods in 60 years amid currency worries, analysts said. "The current plight of China does not help the region. Asia is already experiencing a sharp decline in oil demand growth," said Kang Wu, a China energy analyst at the Hawaii based East West Center.
Fri, 11 Sep 1998, 00:00 WIB
Two Bangladeshis arrested
Two Bangladeshis arrested JAKARTA (JP): Officers of the Tangerang immigration office captured two Bangladeshis in Tangerang on Monday for allegedly breaching immigration regulations, the office's head, Dody Mawardi Wibowo, said. Dody was quoted by Antara as saying that the two, identified as Mohammad Abdul Hossian (holder of passport No. 0791423) and Alam Bhuiyan (passport No. 0605013), were arrested when they applied for stay permits at the Batusari subdistrict office in Tangerang.
Fri, 11 Sep 1998, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Indonesian Designers' Exhibition and Fashion Show: Hotel Mulia Senayan, Jl. Asia Afrika, Central Jakarta (Phone: 5747777), 10 a.m. to 10 p.m., until Sept. 13. * Painting Exhibition: by Five Indonesian Painters, Gallery Room, at Crowne Plaza Hotel, Jl. Gatot Subroto kav. 2-3, Central Jakarta (5268833), 10 a.m. to 9 p.m., until Sept. 16. * Painting Exhibition: by Seventeen Painters from Malang, East Java, Galeri Cipta II, Jl. Cikini Raya No.
Fri, 11 Sep 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Music Lessons: Bermain Music 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in English) 7:00 Evening News 7:35 Cultural Program: Teater Tutur Lombok 8:00 News: Lintasan Berita 8:05 Cultural Program: Teater Tutur Lombok (contd.) 8:30 Talk...
Fri, 11 Sep 1998, 00:00 WIB
S'pore tussles with issue of ringgit-based assets
S'pore tussles with issue of ringgit-based assets SINGAPORE (Dow Jones): Singapore banks -- fresh from converting ringgit-denominated deposits to U.S. dollars -- must now grapple with the asset side of the balance sheet, bank analysts said. "They squared off their ringgit-denominated current and fixed- deposit accounts. They must now deal with ringgit-based assets, such as outstanding loans payable," said a banking analyst at a U.S. investment house.
Fri, 11 Sep 1998, 00:00 WIB
Missing activists' kin visit Amien, Megawati
Missing activists' kin visit Amien, Megawati JAKARTA (JP): Relatives of missing activists met with leading opposition figures Amien Rais and Megawati Soekarnoputri on Thursday to seek moral support. Accompanied by the independent Commission for Missing Persons and Victims of Violence (Kontras), the relatives vowed to push the Armed Forces (ABRI) to locate the missing people.
Fri, 11 Sep 1998, 00:00 WIB
Parents must know that gifted kids need special attention
Parents must know that gifted kids need special attention JAKARTA (JP): "How am I supposed to know if my child is gifted? And how should I treat him?" asked a woman. Her questions were two of many raised during a seminar on gifted children held by the Indonesian Gifted Children's Foundation at the Jakarta Hilton International last Saturday.
Fri, 11 Sep 1998, 00:00 WIB
Broad Thai debt framework accord endorsed
Broad Thai debt framework accord endorsed BANGKOK (Reuters): Thai and foreign bank creditors on Thursday endorsed a broad framework agreement aimed at nudging debt restructuring of the battered Thai corporate sector. Dozens of bankers and business executives gathered at a hotel to lend support to the non-binding debt restructuring framework worked out with the Board of Trade and the Federation of Thai Industries which represent major debt-ridden companies.
Fri, 11 Sep 1998, 00:00 WIB
Eleven die in West Java bus crash
Eleven die in West Java bus crash JAKARTA (JP): Eleven people died and four were seriously injured when two buses crashed into each other in Krangkeng district, Indramayu, West Java, late on Wednesday. Antara reported from the neighboring town of Cirebon that the Ismo and Garuda Mas buses were driving in opposite directions. The crash sent the Ismo bus plunging into the river. Thirty- seven people sustained minor injuries in addition to the dead and seriously wounded.
Fri, 11 Sep 1998, 00:00 WIB
Vietnam names new army chief
Vietnam names new army chief HANOI (AFP): Vietnam has named Maj. Gen. Le Van Dung as the new army chief of staff, the ministry of defense said on Thursday. Dung, 53, replaces Maj. Gen. Dao Trong Lich, who was killed in May aboard a Lao Airforce jet which crashed near the plain of jars, killing all 28 aboard. His nomination was confirmed on Tuesday by Vietnamese president Tran Duc Luong, the ministry source told AFP.
Fri, 11 Sep 1998, 00:00 WIB
German trade to ASEAN falls
German trade to ASEAN falls WIESBADEN, Germany (AFP): German exports to ASEAN nations fell by nearly a fifth to 9.1 billion marks (US$5.3 billion) in the first half of 1998 from the figure for the same period last year, the federal statistics office said on Thursday. It blamed the financial crises in southeast Asia for the drop. The first quarter fall was 12.3 percent, but the second quarter showed a plunge of 26.2 percent from the corresponding period in 1997.
Fri, 11 Sep 1998, 00:00 WIB
Jakarta has new venue for good music
Jakarta has new venue for good music JAKARTA (JP): Classical music, a struggling art in this country, may get a much welcomed shot in the arm when, on Sept. 17, the Bulevar Park Royal Hotel, Jl. S. Parman, West Jakarta, opens it doors to commence a program which, it is hoped, will become a regular feature of its activities: performances of good music.
Fri, 11 Sep 1998, 00:00 WIB
Middle-class flea market to open
Middle-class flea market to open JAKARTA (JP): Middle-class shoppers will soon have the option to look for bargains at a special flea market offering new and used wares, a noted model said on Thursday. Ratih Sanggarwati said the Expose modeling agency would operate a flea market every Sunday from 9 a.m. to 5 p.m. from Sept. 13 at the Expose parking lot on Jl. Iskandarsyah Raya in South Jakarta.
Fri, 11 Sep 1998, 00:00 WIB
Trisakti University to launch nationwide search for talent
Trisakti University to launch nationwide search for talent JAKARTA (JP): Trisakti University is to conduct a nationwide search for talented new recruits, Thoby Mutis, the university's newly installed rector, said on Thursday. Thoby was installed as the new rector of the private university in a ceremony at the campus on Jl. Kyai Tapa in Grogol, West Jakarta, on Thursday. He replaced Moedanton Moertedjo.
Fri, 11 Sep 1998, 00:00 WIB
BI's net domestic assets up to Rp 73.93t
BI's net domestic assets up to Rp 73.93t JAKARTA (JP): Bank Indonesia's (BI) net domestic assets rose 15 percent, or Rp 9.79 trillion (US$830 million), to Rp 73.93 trillion during the week ending Sept. 7, the central bank reported on Thursday. The central bank said the increase from the previous week's Rp 64.14 figure was primarily driven by Rp 8.48 trillion in increased government spending.
Fri, 11 Sep 1998, 00:00 WIB
Frenchman markets new map of Bandung
Frenchman markets new map of Bandung By Kafil Yamin BANDUNG (JP): Marc Le Moullec knows Bandung. The young Frenchman has been driving his 1971 Honda motorcycle through the streets of the West Java capital for the last four years. The result: a reliable and user-friendly city map.