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Thu, 29 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 28, 1998: Buying Selling Rp Rp U.S. dollar 1 9,900.00 12,900.00Austrian shilling 1 758.90 1,067.60Australian dollar 1 6,750.00 8,879.00Belgian franc 1 265.40 354.40Canadian dollar 1 6,835.30 8,934.
Thu, 29 Jan 1998
No Paper
No PaperIn observance of Idul Fitri, The Jakarta Post will not appear tomorrow and Saturday. The Post will return again Sunday. We wish our Moslem readers a very happy Idul Fitri. We would like to take this opportunity to apologize for any indiscretions. -- The publisher
Thu, 29 Jan 1998
RI faces risk of revolution and depression: Economist
RI faces risk of revolution and depression: Economist SYDNEY (AFP): Indonesia faces the risk of revolution as well as economic depression unless its financial crisis is corrected soon, one of the world's leading economic strategists warned yesterday.
Thu, 29 Jan 1998
City likely to allocate Rp 17b for labor program
City likely to allocate Rp 17b for labor program JAKARTA (JP): The municipality hopes to set aside Rp 17 billion (US$1.7 million) in the 1998/1999 city budget to finance a labor-intensive program, an official said yesterday.
Thu, 29 Jan 1998
Voting sought in the election of national leaders
Voting sought in the election of national leaders JAKARTA (JP): A fresh call was lodged yesterday for the People's Consultative Assembly (MPR) to introduce voting in the presidential and vice presidential elections.
Thu, 29 Jan 1998
Campaign to raise awareness of child labor
Campaign to raise awareness of child labor JAKARTA (JP): An internationally sponsored campaign against child labor in Indonesia and around the world will be initiated next month to raise awareness of the protection of children's rights.
Thu, 29 Jan 1998
30 shuttlers tested for Thomas, Uber Cups
30 shuttlers tested for Thomas, Uber Cups JAKARTA (JP): Thirty national shuttlers have undergone two days of physical tests at the Senayan Madya stadium in preparation for the Thomas and Uber Cup championships in Hong Kong in May.
Thu, 29 Jan 1998
Facts and foretelling: Unemployment and the reform package
Facts and foretelling: Unemployment and the reform packageBy Omar Halim This is the second of two articles examining Indonesia's economy in the light of the signing of a reinforced economic reform agreement mid this month by President Soeharto and International Monetary Fund Managing Director...
Thu, 29 Jan 1998
70 hectares of forest burned
70 hectares of forest burned BALIKPAPAN, East Kalimantan: The recent outbreak of brush and forest fires in the Bukit Soeharto forest reserve has ravaged 70 hectares of land, deputy governor Suwarna Abdul Fatah said here yesterday.
Thu, 29 Jan 1998
Soeharto to attend 'Takbiran' prayer
Soeharto to attend 'Takbiran' prayer JAKARTA (JP): President Soeharto and Vice President Try Sutrisno are scheduled to attend the Takbiran prayer on the eve of Idul Fitri at the National Monument (Monas) in Central Jakarta tonight.
Thu, 29 Jan 1998
Police captain jailed for bribery
Police captain jailed for bribery JAKARTA (JP): A Yogyakarta military tribunal sentenced Capt. Suko Haryanto yesterday to 28 months in jail and discharged him from the police force after he was found guilty of taking bribes, Antara reported.
Thu, 29 Jan 1998
Clinton appeals for U.S. support for Asian bailout
Clinton appeals for U.S. support for Asian bailout WASHINGTON (Reuters): President Bill Clinton appealed on Tuesday to the American people to support rescue deals for Asia's ailing tiger economies, saying it was the right thing to do for the United States and the world as a whole.
Thu, 29 Jan 1998
Loan convertion 'a solution' to corporate debt
Loan convertion 'a solution' to corporate debt JAKARTA (JP): Converting the loans given by overseas creditors to Indonesian companies into equity might be a good solution in dealing with the private sector's mounting foreign debt, a senior analyst says.
Thu, 29 Jan 1998
6,000 sarongs for becak drivers
6,000 sarongs for becak drivers UJUNGPANDANG, South Sulawesi: The mayoralty office donated 6,000 sarongs as Idul Fitri gifts to becak, or pedicab, drivers from 11 subdistricts here yesterday.Mayor Malik Masry, who presented the gifts, said the sarongs were gifts from the mayoralty and local...
Thu, 29 Jan 1998
Businessman sues minister for Rp 23b
Businessman sues minister for Rp 23b JAKARTA (JP): A businessman is suing Minister of Mines and Energy I.B. Sudjana and his staff for Rp 23.5 billion in damages after the cancellation of a contract for an office tower project.
Thu, 29 Jan 1998
Idul Fitri falls tomorrow: Govt
Idul Fitri falls tomorrow: Govt JAKARTA (JP): The government announced last night that Idul Fitri will fall tomorrow, but said Moslems who intend to mark the end of the Ramadhan fasting month today will be respected.
Thu, 29 Jan 1998
Beware bankers opening banks
Beware bankers opening banks Let's keep this in the right perspective. We have a crisis in the construction sector, which affected the banking system, which in turn affects everything else.And we know bankers.
Thu, 29 Jan 1998
TV programs
TV programsTodayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Ninja The Wonder Boy 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Song and Dance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Religious Program: Celah-Celah Ramadhan...
Thu, 29 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan.28, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 350 0 0 Alter Abadi 175 -50 31,000 Alumindo Light Metal 250 0 0 Alumindo Perkasa 250...
Thu, 29 Jan 1998
IMF confident reform to succeed
IMF confident reform to succeed JAKARTA (JP): An International Monetary Fund (IMF) senior official said here yesterday he believed the new banking reforms would help restore confidence in the country's battered economy.IMF Asia-Pacific deputy director Bijan B.
Thu, 29 Jan 1998
CDC to raise stake in Tamara
CDC to raise stake in Tamara JAKARTA (JP): Publicly listed Tamara Bank announced yesterday that its Taiwanese shareholder China Development Corp (CDC) has agreed to increase its stake in the bank up to the maximum allowed percentage.
Thu, 29 Jan 1998
Mutual assistance
Mutual assistanceFrom MerdekaThe monetary turmoil now hitting a number of countries, including Indonesia, have wide repercussions and have affected the prices of daily necessities. In an effort to overcome these problems, the Malaysian and Thai governments have slashed the salaries of high-ranking...
Thu, 29 Jan 1998
Thailand 'wont' follow Jakarta debt freeze'
Thailand 'wont' follow Jakarta debt freeze' BANGKOK (Reuters): Thailand is unlikely to follow Indonesia's path in freezing debt repayments, analysts and economists said yesterday.Although the wobbly baht remains under pressure and has lost more than 50 percent of its value since last July, the Thai...
Thu, 29 Jan 1998
Garuda suspends Idul Fitri flights
Garuda suspends Idul Fitri flights YOGYAKARTA : Garuda Indonesia airways had to suspend four extra pre-Idul Fitri flights scheduled for its Jakarta-Yogyakarta route due to lack of passengers, a spokesman said.
Thu, 29 Jan 1998
WB chief visits Thailand
WB chief visits Thailand BANGKOK (Reuters): World Bank President James Wolfensohn will visit Thailand from Jan 30-Feb 1 to meet senior Thai officials on the latest developments in the crisis-hit country, a bank official said yesterday.
Thu, 29 Jan 1998
ADB to lend RI $32 million
ADB to lend RI $32 million MANILA (AFP): The Asian Development Bank (ADB) said here yesterday that it had approved a 32-million-dollar loan to Indonesia for a conservation project.The loan will go to protecting the 227,000-hectare (560,690- acre) Lore Lindu national park in Central Sulawesi and to...
Thu, 29 Jan 1998
Japanese man stabbed to death, taxi driver sought
Japanese man stabbed to death, taxi driver sought JAKARTA (JP): A Japanese man was stabbed to death and his compatriot wounded when the taxi they were in was robbed in the Cinangka subdistrict of Sawangan in West Java early yesterday.City police spokesman Lt. Col. E.
Thu, 29 Jan 1998
Provinces brace for different Idul Fitri dates
Provinces brace for different Idul Fitri dates JAKARTA (JP): Provincial authorities across the country are bracing for two different Idul Fitri holidays with a call for Moslems to maintain order and harmony.
Thu, 29 Jan 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.
Thu, 29 Jan 1998
Cannabis field found in Sulawesi
Cannabis field found in Sulawesi UJUNGPANDANG, South Sulawesi: Pinrang police found a one- hectare cannabis field in Kalempang, Massiwale, and have arrested two men suspected of owning the field, South Sulawesi police chief Brig. Gen. Ali Hanafiah said here yesterday.
Thu, 29 Jan 1998
Cathay eases confusion
Cathay eases confusion JAKARTA (JP): Cathay Pacific Airways announced yesterday its plan to clarify exchange rates when people buy airline tickets due to the instability of the exchange rates.The company said that in order to meet passengers' expectations, starting Feb.
Thu, 29 Jan 1998
Special area for isolated tribes
Special area for isolated tribes JAMBI: The Ministry of Forestry has pledged to provide a special area for isolated tribes in the province, particularly the famous Anak Dalam tribe, an official of the ministry said yesterday.
Thu, 29 Jan 1998
Six students jailed for murder
Six students jailed for murder JAKARTA (JP): The Central Jakarta District Court sentenced six junior high school students to between one and a half years and two and a half years in jail yesterday for killing a senior high school student in a brawl.
Thu, 29 Jan 1998
Reforms to restore confidence in banking
Reforms to restore confidence in banking The government announced comprehensive programs to restore public confidence in the banking system on Tuesday. Banking consultant Laksamana Sukardi discusses their significance.
Thu, 29 Jan 1998
National dialog
National dialogFrom MerdekaNearly all printed media have reported on a national dialog between critically vocal observers and the government.Muhammadiyah chairman Amien Rais has voiced a great number of opinions on succession and national repentance, and recently suggested a national dialog.
Thu, 29 Jan 1998
Nickel shipped to Pomalaa
Nickel shipped to Pomalaa JAKARTA (JP): Publicly listed mining company PT Aneka Tambang (Antam) had made the first shipment of nickel ore from Gee Island to its ferronickel plant in Pomalaa, Maluku, the company said yesterday.
Thu, 29 Jan 1998
ASEAN regional currencies
ASEAN regional currencies MANILA (AFP): Intra-ASEAN trade using regional currencies will start only after the battered units have stabilized against the U.S. dollar, President Fidel Ramos said yesterday.
Thu, 29 Jan 1998
Australians to help NTT farmers
Australians to help NTT farmers KUPANG, East Nusa Tenggara: Australian businesspeople will train farmers here to process fodder and breed cattle.The head of Australia's Industry and Trade Ministry office, Willem Therik, was quoted by Antara as saying here yesterday that the offer had received a...
Thu, 29 Jan 1998
Where to attend Idul Fitri prayers in the city tomorow
Where to attend Idul Fitri prayers in the city tomorow JAKARTA (JP): As usual, Idul Fitri prayers -- to be held at about 7 a.m. at the end of Ramadan fasting month -- will be held in large mosques, open fields and parking lots in and around the city.
Thu, 29 Jan 1998
Fewer workers seen to try luck in Jakarta
Fewer workers seen to try luck in Jakarta JAKARTA (JP): With ongoing layoffs and the prices of goods skyrocketing due to the economic crisis, many people, particularly blue-collar workers, will refuse to return to the capital after Idul Fitri, a noted sociologist said yesterday.
Thu, 29 Jan 1998
Pop singers, poets sing for good cause
Pop singers, poets sing for good causeBy Helly Minarti JAKARTA (JP): The lineup for Charity Night Two last Sunday was a colorful, some would say bizarre, mix of generations and music genres.Performers like Nia Daniati, famed for her smooth ballads and melancholic singing style, shared center stage...
Thu, 29 Jan 1998
Rupiah, stocks gain footing in thin trade
Rupiah, stocks gain footing in thin trade JAKARTA (JP): The rupiah and share prices continued to gain a footing in thin trade as currency operators and stock investors benefited from the upbeat momentum resulting from the government's new economic measures.
Thu, 29 Jan 1998
Soeharto warns societal issues could spark unrest
Soeharto warns societal issues could spark unrest JAKARTA (JP): President Soeharto warned the nation yesterday that religious, ethnic and societal issues were volatile subjects that could easily spark social unrest in times of severe economic crisis.
Thu, 29 Jan 1998
Strange atmosphere hovers over every corner of Indonesia
Strange atmosphere hovers over every corner of IndonesiaBy Y.B. Mangunwijaya JAKARTA (JP): Everybody knows who the culprits are in the economic calamities and the free fall of the rupiah.Everybody smiles bitterly at the hollow rhetoric of the powerful elite, urging patience from victimized and...
Thu, 29 Jan 1998
Cinese New Year passes quietly
Cinese New Year passes quietly JAKARTA (JP): Following Governor Sutiyoso's appeal, families of Chinese descent in the city celebrated their New Year quietly yesterday.A feeling of silence blanketed downtown Glodok, the city's Chinatown in West Jakarta which is a favorite place to buy electronic...
Thu, 29 Jan 1998
Private banks start seeking govt guarantee
Private banks start seeking govt guarantee JAKARTA (JP): Dozens of private domestic banks started seeking Bank Indonesia's guarantee on their liabilities to lure back depositors yesterday.Masyhud Ali, president of Bank Putera Multikarsa, said executives or owners of local foreign exchange banks...
Thu, 29 Jan 1998
10 killed, 21 injured in bus collision
10 killed, 21 injured in bus collision WONOGIRI, Central Java: Ten people were killed and 21 others injured when a minivan and a minibus collided here in Bulusulur village Tuesday afternoon, police said.
Thu, 29 Jan 1998
RI banking sector reforms draw wary response in U.S.
RI banking sector reforms draw wary response in U.S. NEW YORK (Reuters): The Indonesian government's banking and corporate sector reforms offered a glimmer of hope that steps may finally be taken to shore up the financial system, U.S.-based analysts and banking sources said.
Thu, 29 Jan 1998
Price of fresh milk up
Price of fresh milk up JAKARTA (JP): The Union of Indonesian Dairy Cooperatives (GKSI) and local milk-processing industries have agreed to raise the price of local fresh milk from cooperatives to processing industries by 21 percent to Rp 850 per liter from Rp 702 per liter starting Feb. 1.
Thu, 29 Jan 1998
SilkAir clarifies
SilkAir clarifies We would like to refer to The Jakarta Post's publication of an article titled "Inspection on Boeing 737s" on the page 11 of the paper's Jan. 9 edition. The article said that investigators of last month's SilkAir crash believed attachments were missing on the horizontal stabilizers...