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Tue, 30 Jun 1998
House asked to endorse bankruptcy rules
House asked to endorse bankruptcy rules JAKARTA (JP): The government urged the House of Representatives yesterday to endorse its new bankruptcy regulation issued in lieu of a law in April to deal with the mountain of cases caused by the economic crisis.
Tue, 30 Jun 1998
Medco boosts oil output to offset lower oil prices
Medco boosts oil output to offset lower oil prices JAKARTA (JP): Publicly listed oil and gas company Medco Energy Corporation plans to increase its oil, gas and methanol output this year to offset a decrease in prices."The depressed prices are really having an impact on us.
Tue, 30 Jun 1998
No new loan request from RI
No new loan request from RI TOKYO (Reuters): Japan has not been asked by the International Monetary Fund (IMF) to make additional loans to Indonesia, an official at the Ministry of Finance said yesterday."If needed, Japan will probably consider what it can do.
Tue, 30 Jun 1998
Air Force sergeant held for 'killing'
Air Force sergeant held for 'killing' JAKARTA (JP): The police arrested last night an Air Force first sergeant for allegedly killing a woman whose dismembered body was found in a fishpond in Pondok Ranggon, East Jakarta, on Saturday.Chief of the East Jakarta Police precinct Lt. Col.
Tue, 30 Jun 1998
TV today
TV todayTVRI 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Variety Show 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15...
Tue, 30 Jun 1998
Habibie yet to decide on his reelection
Habibie yet to decide on his reelection JAKARTA (JP): President B.J. Habibie said yesterday that he had yet to decide whether or not to run for the presidency in next year's planned general elections, saying it is too early for him to decide since his mind is preoccupied with lifting the nation out...
Tue, 30 Jun 1998
Villagers launch counterrally
Villagers launch counterrally TANGERANG (JP): Some 400 villagers of Babakan Asem subdistrict staged a rally in front of the Tangerang regency yesterday, demanding the regent restore M. Buang, their village head, to his position.
Tue, 30 Jun 1998
Speedier reforms needed after IMF deal
Speedier reforms needed after IMF deal The government has signed another agreement over the US$43 billion reform loan package with the International Monetary Fund (IMF). Economist Kwik Kian Gie says Indonesia needs to accelerate political reform in tandem with the new accord.
Tue, 30 Jun 1998
Blora calm after evening of rioting
Blora calm after evening of rioting BLORA, Central Java: The Blora regency was calm yesterday after riots Monday evening left one person dead and six houses burned.Blora police chief Lt. Col. Guritno said yesterday the riot erupted after several people seen stealing timber from the state- owned...
Tue, 30 Jun 1998
Asia palm oil market seen firm on data, supply
Asia palm oil market seen firm on data, supply KUALA LUMPUR (Reuters): Asian palm oil prices are expected to rise this week on expectations of bullish export data and tight supplies, regional traders said.
Tue, 30 Jun 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 June 29 to July 5: U.S. dollar 1 Rp 14,650.00Austrian shilling 1 1,159.
Tue, 30 Jun 1998
Deposit guarantee
Deposit guaranteeFrom KompasThe government has decided to give a 100 percent guarantee for deposits placed in a national bank. Unfortunately, the run recently at several private banks indicates that customers still do not feel safe depositing their money in banks.
Tue, 30 Jun 1998
Govt to release more political prisoners
Govt to release more political prisoners JAKARTA (JP): Minister of Justice Muladi said here yesterday that at least 10 more political prisoners will be released within the next 10 days.Muladi however said that East Timorese separatist leader Jose Alexandre "Xanana" Gusmao would not be among those...
Tue, 30 Jun 1998
Barito not to pay dividend due to massive losses
Barito not to pay dividend due to massive losses JAKARTA (JP): Publicly listed integrated timber company PT Barito Pacific Timber (BPT) has decided not to pay a dividend for the company's 1997 financial year due to sustaining significant losses during the year.
Tue, 30 Jun 1998
Rare banknote worth US$83,636
Rare banknote worth US$83,636 SINGAPORE (Reuters): One of the world's rarest and largest denomination banknotes has been sold for S$138,000 (US$83,636), a London auction house said recently.The Straits Settlements $10,000 banknote was issued in 1930 for the British-administered territories of...
Tue, 30 Jun 1998
Exports of forest products estimated at $8.25b this year
Exports of forest products estimated at $8.25b this year JAKARTA (JP): The Indonesian Forestry Society (MPI) estimates that foreign exchange earnings from exports of wood and other forest-related products will reach US$8.25 billion this year despite sluggish sales in this year's first quarter.
Tue, 30 Jun 1998
Habibie's precarious position
Habibie's precarious position It is becoming increasingly clear that members of the nation's political elite are now too busy preparing their own respective political agendas... to think about attempting any breakthroughs to improve the economy.
Tue, 30 Jun 1998
Wiranto denies report Soeharto ruling ABRI
Wiranto denies report Soeharto ruling ABRI JAKARTA (JP): Minister of Defense and Security Affairs/Armed Forces Commander Gen. Wiranto admitted yesterday he is still personally close to former president Soeharto but insisted the relationship did not influence Armed Forces decision-making.
Tue, 30 Jun 1998
ASEAN currencies stop tracking yen
ASEAN currencies stop tracking yen SINGAPORE (Dow Jones): After weeks of mirroring the yen's every move, Southeast Asian currencies broke step with the Japanese currency yesterday.Scenting a weaker monetary policy stance from the Malaysian government, offshore funds took the opportunity to hammer...
Tue, 30 Jun 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 29, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 0 107,500 Alumindo Light Metal 275 0 35,500 Alumindo...
Tue, 30 Jun 1998
House to deliberate chemical weapons ban
House to deliberate chemical weapons ban JAKARTA (JP): A bill on the ratification of the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction was submitted yesterday to the House of Representatives for deliberation.
Tue, 30 Jun 1998
IBRA: Danamon needs Rp 28.3t to survive
IBRA: Danamon needs Rp 28.3t to survive JAKARTA (JP): Auditing results by independent internationally- accredited accountants on cash-strapped Bank Danamon show a very big difference to those presented by the bank's old management.
Tue, 30 Jun 1998
Muhammadiyah rules out becoming a political party
Muhammadiyah rules out becoming a political party JAKARTA (JP): Muhammadiyah, an influential Moslem socio- education organization with 28 million supporters, is not going to become a political party, Lukman Harun, a senior member of the central executive board, said yesterday.
Tue, 30 Jun 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 29, 1998: Buying Selling Rp Rp U.S. dollar 1 14,600.00 15,600.00Austrian shilling 1 1,096.80 1,251.40Australian dollar 1 8,715.50 9,317.50Belgian franc 1 387.30 411.40Canadian dollar 1 9,871.
Tue, 30 Jun 1998
Trisakti defendants deny police used live ammunition
Trisakti defendants deny police used live ammunition JAKARTA (JP): The two defendants in the Trisakti shooting incident told the military tribunal yesterday that none of the police officers under their command used live ammunition during the May 12 incident.
Tue, 30 Jun 1998
The East Timor problem
The East Timor problem Whatever the circumstances that led up to it, the reported death of Orlando Marcelino, a 35-year-old East Timorese farmer, and the wounding of five other people in a shooting incident in Baucau yesterday is yet another damaging addition to the record of Indonesia's presence...
Tue, 30 Jun 1998
500 dismissed workers demand reemployment
500 dismissed workers demand reemployment JAKARTA (JP): More than 500 dismissed and laid-off workers from 21 companies in Greater Jakarta staged a demonstration at the Manpower Ministry compound yesterday, demanding reemployment."We realize that our companies are facing economic difficulties.
Tue, 30 Jun 1998
BSP pays Rp 75 dividend
BSP pays Rp 75 dividend JAKARTA (JP): Publicly listed PT Bakrie Sumatra Plantations (BSP) announced yesterday it would pay a dividend of Rp 75 per share, or 30.8 percent of the net profit booked last year.The company reported a net profit of 50.4 billion (US$3.
Tue, 30 Jun 1998
Gema Ikasakti foundation launched
Gema Ikasakti foundation launched JAKARTA (JP): A group of Trisakti University alumni yesterday launched a foundation to provide scholarships to university students financially suffering from the economic crisis.
Tue, 30 Jun 1998
Bantul regent Sri Roso replaced
Bantul regent Sri Roso replaced YOGYAKARTA (JP): Yogyakarta Governor Sri Paku Alam VIII appointed Kismo Sukirdo Bantul as acting Bantul regent yesterday to replace Sri Roso Sudarmo who is being investigated over allegations that he tried to bribe a Soeharto-linked foundation with Rp 1 billion to...
Tue, 30 Jun 1998
Crude outlook: Heavy grades tightening
Crude outlook: Heavy grades tightening SINGAPORE (Reuters): The Asian crude market is expected to remain steady this week, as the limited July supplies of heavy Indonesian grades are facing good demand, traders said yesterday.
Tue, 30 Jun 1998
Tangerang regent revokes permits of Transelindo hotel
Tangerang regent revokes permits of Transelindo hotel JAKARTA (JP): While the government is struggling hard to lure investors to Indonesia to restimulate the country's paralyzed economy, the Tangerang regency administration has revoked the operating permits of a hotel which was damaged by mobs in...
Tue, 30 Jun 1998
Medan has new AJI branch
Medan has new AJI branch MEDAN, North Sumatra (JP): Local journalists established a branch of the Alliance of Independent Journalists (AJI) here yesterday.M. Syamin Pardede from Kompas daily and Achmady from Adil tabloid were elected as the organization's chairman and secretary respectively.
Tue, 30 Jun 1998
Lippo Securities' dividend
Lippo Securities' dividend JAKARTA (JP): Publicly listed PT Lippo Securities said yesterday it would set aside Rp 11.1 billion or 24 percent of its net profit last year for dividends.The company reported at an annual shareholders meeting that its net profit increased to Rp 45.9 billion (US$3.
Tue, 30 Jun 1998
Bank Duta-Bank Umum Tugu merger approved
Bank Duta-Bank Umum Tugu merger approved JAKARTA (JP): Shareholders of publicly listed Bank Duta yesterday endorsed a plan to merge with Bank Umum Tugu, owned by timber tycoon Mohamad "Bob" Hasan, a long-time golfing partner of ex-president Soeharto.
Tue, 30 Jun 1998
Special MPR session plan endorsed
Special MPR session plan endorsed JAKARTA (JP): The House of Representatives (DPR) endorsed yesterday an agreement made by its leaders and President B.J. Habibie to convene an extraordinary session of the People's Consultative Assembly (MPR) this December.
Tue, 30 Jun 1998
Armed Forces members 'involved in abductions'
Armed Forces members 'involved in abductions' JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto has acknowledged rumors that some members of the military were involved in the abduction of scores of political activists over the past year.
Tue, 30 Jun 1998
Jakarta market dormant on lingering uncertainties
Jakarta market dormant on lingering uncertainties JAKARTA (JP): The Indonesian financial markets remained sluggish yesterday with the rupiah barely moving and the stock market ending slightly higher on a lack of incentives and worries over political uncertainties.
Tue, 30 Jun 1998
Projects to absorb the unemployed
Projects to absorb the unemployed TANGERANG (JP): The Tangerang mayoralty will soon embark on a number of projects worth about Rp 1.6 billion (US$106,600) to help provide employment for the rising number of jobless people.Tangerang Mayor Djakaria Machmud said about Rp 500 million of the total Rp 1.
Tue, 30 Jun 1998
Wood supply becoming problematic for Dayaks
Wood supply becoming problematic for DayaksBy Indra D. Himrat KUTAI, East Kalimantan (JP): Forty-two Dayak families in this village are homeless as they find it difficult to find wood, the main construction material for housing, in the area.
Tue, 30 Jun 1998
City to cut red tape for ID document
City to cut red tape for ID document JAKARTA (JP): The city administration plans to scrap eight of the 21 identification documents that foreigners, Chinese- Indonesians, non-Jakartans and even Jakartans require to live in the nation's capital, an official said yesterday.
Tue, 30 Jun 1998
Golkar meeting canceled
Golkar meeting canceled JAKARTA (JP): A scheduled Golkar meeting due to be held yesterday evening was canceled under the request of former president Soeharto who still holds the post of head of Golkar's board of patrons.Minister/State Secretary Akbar Tandjung disclosed yesterday that President B.J.
Tue, 30 Jun 1998
Hayono says sports ministry not effective
Hayono says sports ministry not effective JAKARTA (JP): Former state minister of sport and youth affairs Hayono Isman has said the office he once led could be dissolved to save state funds.Hayono said over the weekend that due to the prolonged economic crisis it was unlikely the ministry could...
Tue, 30 Jun 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Art exhibition: Works of Agus Suwage, at Galeripadi, Jl. Ir. H. Juanda 329 (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 4 p.m., until July 19. * Poster Exhibition: Germany in Fantasy, at Goethe Institut Bandung, Jl. Martadinata 48 (Phone: 436440), June 30.
Tue, 30 Jun 1998
Ananda finishes fifth in F-3
Ananda finishes fifth in F-3 JAKARTA (JP): Indonesian driver Ananda Mikola's dream of winning his first Formula Three title was still a long way away after he finished fifth at Italy's Monza circuit on Sunday.
Tue, 30 Jun 1998
Australia's EFIC sees rise in Indonesian claim defaults
Australia's EFIC sees rise in Indonesian claim defaults SYDNEY (Reuters): The Australian government's Export Finance and Insurance Corp (EFIC) has paid more than A$1 million in insurance claims on defaults in Indonesia since the start of 1998, the trade insurance and facilitation group said.
Tue, 30 Jun 1998
Inflation hits 46.5% in first semester
Inflation hits 46.5% in first semester JAKARTA (JP): The month-on-month consumer price index rose 4.64 percent in June, taking the inflation rate to 46.5 percent for the first semester of this year, the Central Board of Statistics announced yesterday.
Tue, 30 Jun 1998
Councilors strongly oppose Sutiyoso's decision on 'becak'
Councilors strongly oppose Sutiyoso's decision on 'becak' JAKARTA (JP): City councilors and an official of the City Public Order Office asked Governor Sutiyoso yesterday to reconsider his decision to allow becak (pedicabs) to operate on Jakarta's streets again.
Tue, 30 Jun 1998
One person dies, five injured in E. Timor shooting
One person dies, five injured in E. Timor shooting JAKARTA (JP): At least one person was shot dead and five others were injured yesterday when security personnel fired on a mob surrounding their vehicle, which was escorting three European Union ambassadors in Baucau, East Timor's second largest...
Tue, 30 Jun 1998
Steady Safe not to be liquidated
Steady Safe not to be liquidated JAKARTA (JP): Debt-ridden transportation company PT Steady safe will not be liquidated despite its huge overseas debts to bankrupt Hong Kong-based investment bank Peregrine Investment Holding, a senior company executive said here yesterday.