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Wed, 21 Jan 1998
Police raid PUDI office, 5 arrested
Police raid PUDI office, 5 arrested SURABAYA, East Java: Five local activists from the unrecognized Indonesian Democratic Union Party (PUDI) were arrested Monday when security forces raided its office in Malang, East Java.
Wed, 21 Jan 1998
RI starts repaying overseas loans in rupiah
RI starts repaying overseas loans in rupiah SINGAPORE (Reuters): The corporate and banking sectors in Indonesia have begun to repay overseas debt in local currency, offering foreign lenders either rupiah on time or dollars late, dealers and analysts in Singapore said.
Wed, 21 Jan 1998
Two killed at fish market
Two killed at fish market JAKARTA (JP): A fisherman and his nephew were attacked and killed by about 20 people at the Muara Angke fish market in North Jakarta early yesterday.Usman, 36, and his nephew Alang, 30, of Penjaringan district had suffered severe wounds and almost all of their fingers were...
Wed, 21 Jan 1998
Taiwan premier to meet Soeharto
Taiwan premier to meet Soeharto TAIPEI (Agencies): Taiwan Premier Vincent Siew was due to meet Indonesian President Soeharto late yesterday to discuss ways to tackle economic turmoil sweeping Southeast Asia, reports here said.
Wed, 21 Jan 1998
Thousands take advantage of cheap train tickets
Thousands take advantage of cheap train tickets JAKARTA (JP): More than 16,000 people left the city yesterday, taking advantage of discounted train tickets offered by the state railway company (Perumka) over a 24-hour period.Perumka provided discounts of up to 70 percent, valid until 5 a.m.
Wed, 21 Jan 1998
City's plan to raise NJOP meets opposition
City's plan to raise NJOP meets opposition JAKARTA (JP): City councilors opposed yesterday the city administration's plan to increase the value of taxable properties (NJOP) for fear of furthering an economic burden on people during the monetary crisis.
Wed, 21 Jan 1998
Nationalism in time of crisis
Nationalism in time of crisisFrom NeracaWe need to resuscitate the spirit of nationalism that was prevalent during colonialism up to the start of independence. The hard years ahead will drain our energy.We must face the future together, as one nation, with the spirit of nationalism.
Wed, 21 Jan 1998
Sime says no RI venture plan
Sime says no RI venture plan KUALA LUMPUR (Reuters): Malaysian conglomerate Sime Darby Bhd said yesterday it has no plans to start a joint venture bank in Indonesia."It's not true," a company official told Reuters by telephone, referring to a news report that Sime's banking arm plans to establish...
Wed, 21 Jan 1998
Unicef to help provide lower prices for children's food
Unicef to help provide lower prices for children's food JAKARTA (JP): Local representatives of the United Nations Children's Fund (Unicef) have expressed a readiness to help the Ministry of Health provide cheap supplementary food for Indonesian children, it was reported yesterday.
Wed, 21 Jan 1998
Soeharto's renomination gets mixed responses
Soeharto's renomination gets mixed responses JAKARTA (JP): The minority Indonesian Democratic Party (PDI) welcomed yesterday President Soeharto's acceptance of his nomination for another term by the ruling Golkar, while fellow minority United Development Party cautiously deferred its comments.
Wed, 21 Jan 1998
Poodle patting in int'l relations: An Asian experience (2)
Poodle patting in int'l relations: An Asian experience (2) This is the second of two articles on an Indonesian friend of our correspondent Harvey Stockwin who once taught him something relating to the present Asian crisis.
Wed, 21 Jan 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The government announced yesterday 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.The new conversion rates will be valid for one week, from Jan.
Wed, 21 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 20, 1998: Buying Selling Rp Rp U.S dollar 1 9,500.00 11,500.00Austrian shilling 1 725.90 864.70Australian dollar 1 6,425.30 7,170.30Belgian franc 1 256.40 284.60Canadian dollar 1 6,756.80 7,486.
Wed, 21 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaWednesdayMaghrib 6:19 p.m.ThursdayImsak 4:21 a.m.Subuh 4:31 a.m.
Wed, 21 Jan 1998
Task ahead for next president
Task ahead for next presidentFrom MerdekaProminent entrepreneurs in Indonesia have long held huge monopolies of particular business commodities, enjoying facilities from the government, and they now rake in huge profits.
Wed, 21 Jan 1998
More mergers of banks anticipated
More mergers of banks anticipated JAKARTA (JP): The country's banking sector will see more bank mergers in coming months, with about 20 private banks having confirmed their plans to merge their businesses into four entities.
Wed, 21 Jan 1998
Taming Western media on E. Timor (2)
Taming Western media on E. Timor (2)By Al Busyra Basnur This is the second of two articles on the relationship between the Western media and East Timor. JAKARTA (JP): There have been times when inaccurate reporting by the Western media has threatened friendly relations between Indonesia and other...
Wed, 21 Jan 1998
Suspects intended to plant bombs: Police
Suspects intended to plant bombs: Police JAKARTA (JP): A map and documents found in a Tanah Tinggi apartment, where an unfinished bomb exploded Sunday, indicated that the three suspects intended to plant the explosives in the capital, city police chief Maj. Gen. Hamami Nata said.
Wed, 21 Jan 1998
Textile firms say export swap facility unclear, confusing
Textile firms say export swap facility unclear, confusing JAKARTA (JP): The low interest rate swap facility given to export-oriented companies by Bank Indonesia is unclear and confusing, an industry association representative said yesterday.
Wed, 21 Jan 1998
Homey touch added to hotel living
Homey touch added to hotel livingText and photos by K. Basrie JAKARTA (JP): The city's newest five-star hotel promises its patrons a real "home away from home" with no check-in counter or flashy hotel entrance.Of course, guests at The Dharmawangsa hotel on Jl.
Wed, 21 Jan 1998
European trials for RI's Asiad judoists
European trials for RI's Asiad judoists JAKARTA (JP): Some sports associations may be canceling or postponing plans to send their athletes abroad due to financial worries, but this is not the case for the Indonesian Judo Association.
Wed, 21 Jan 1998
Debate may ease political tensions
Debate may ease political tensionsBy Aleksius Jemadu BANDUNG (JP): Government officials and political analysts have reacted in different ways since Adi Sasono, secretary-general of the Association of Indonesian Moslem Intellectuals (ICMI), put forward his idea on the urgency of national dialog,...
Wed, 21 Jan 1998
Malaysia, Singapore leaders meet on Asian crisis
Malaysia, Singapore leaders meet on Asian crisis SINGAPORE (Reuters): Singapore Prime Minister Goh Chok Tong and his Malaysian counterpart Mahathir Mohamad met yesterday to discuss Asia's financial crisis, a spokesman at Goh's office said.
Wed, 21 Jan 1998
Bukit Asam to raise production
Bukit Asam to raise production JAKARTA (JP): State coal producer PT Tambang Batubara Bukit Asam will increase its production by 27 percent to 12.8 million tons this year, the company has said.Company president RA Sunardi said Monday evening at a breaking of the fast gathering that the company would...
Wed, 21 Jan 1998
From silver screen to presidency?
From silver screen to presidency? Whatever people say about him, Joseph Estrada declares that he is ready, willing and able to take on the toughest job in the Philippines. The leading opposition party in the Philippines evidently agrees. It has picked Estrada as its presidential candidate.
Wed, 21 Jan 1998
Indonesian cuisine for all tastes at Gran Melia cafe
Indonesian cuisine for all tastes at Gran Melia cafe Call it the quandary of the appetite is willing but the spirit is weak.Weak as in loathe to venture past the unofficial Marginot lines of traffic jams separating Central Jakarta from those distant lands of Kemang and West Jakarta.
Wed, 21 Jan 1998
Manila steps up oil firm security
Manila steps up oil firm security MANILA (Reuters): Philippine President Fidel Ramos ordered security tightened around all government offices and oil facilities yesterday as the military freed the chief of a Communist rebel group suspected of attacking two oil offices.
Wed, 21 Jan 1998
Political reforms more imperative than ever
Political reforms more imperative than ever Since the announcement of his intention to run in the March presidential election, Amien Rais has become more bold in his criticism of the government. The chairman of the Muhammadiyah Moslem organization talks at length with The Jakarta Post about his...
Wed, 21 Jan 1998
Mental education necessary
Mental education necessary As we all know, Indonesia is in an economic crisis and many people are feeling the pinch. There have been numerous attempts to explain the current recession, ranging from the truly informed to the quite bizarre.
Wed, 21 Jan 1998
Pioneer's sales in Asia fall
Pioneer's sales in Asia fall PERTH (Reuters): Building products group Pioneer International Ltd said yesterday that sales volumes from three key Southeast Asian countries had fallen sharply due to the region's economic downturn.
Wed, 21 Jan 1998
Solution to RI private debt vital: German envoy
Solution to RI private debt vital: German envoy JAKARTA (JP): Finding a rapid solution for Indonesia's private offshore debt is of crucial importance in dealing with the current economic crisis, says Horst Kohler, a special envoy of Germany's Chancellor Helmut Kohl.
Wed, 21 Jan 1998
Political researchers call for new president
Political researchers call for new president JAKARTA (JP): Nineteen political researchers affiliated with the National Institute of Sciences (LIPI) called on the nation yesterday to elect a new president for the sake of much needed political and economic reforms.
Wed, 21 Jan 1998
Malaysia may invest more in RI palm oil
Malaysia may invest more in RI palm oil KUALA LUMPUR (Reuters): Malaysian palm oil plantation operators welcomed Indonesia's agricultural reforms and said they may spur more Malaysian investment in that country's palm oil industry.
Wed, 21 Jan 1998
Mar'ie says no more delays needed in property tax law
Mar'ie says no more delays needed in property tax law JAKARTA (JP): Minister of Finance Mar'ie Muhammad expressed confidence yesterday that Indonesia's battered economy would start recovering after the convening of the People's Consultative Assembly (MPR) in March.
Wed, 21 Jan 1998
Police hunt thieves
Police hunt thieves JAKARTA (JP): Police are looking for two men who stole jewelry and watches from an elderly woman at her house in Bendungan Hilir, South Jakarta.City Police spokesman Lt. Col. E. Aritonang yesterday said that the two men, whose identities were still unknown, stole a 100-gram gold...
Wed, 21 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, Sunday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until Jan. 29.
Tue, 20 Jan 1998
Rupiah remains weak
Rupiah remains weak Indonesia is facing a great dilemma in implementing the reinforced and strengthened economic reforms agreed upon with the International Monetary Fund last Thursday. The crux is that a persistently volatile and weakening rupiah would make it next to impossible to implement the...
Tue, 20 Jan 1998
Ships prepared for Idul Fitri
Ships prepared for Idul Fitri SURABAYA, East Java: Fourteen ships with a total daily capacity of 70,000 passengers have been readied in anticipation of the jump in travelers expected to use the Ketapang, East Java- Gilimanuk, Bali ferry service as the Idul Fitri holiday approaches.
Tue, 20 Jan 1998
Soeharto honors Indonesian farmers
Soeharto honors Indonesian farmers JAKARTA (JP): President Soeharto demonstrated yesterday his appreciation and highest respect for Indonesian farmers, especially those who have made outstanding progress in boosting agricultural production.
Tue, 20 Jan 1998
Official voices doubts on region
Official voices doubts on region SINGAPORE (AP): Restoring stability to Asian financial systems will be difficult, the head of Singapore's Monetary Authority, Lee Hsien Loong, was quoted as saying yesterday.
Tue, 20 Jan 1998
Sri Bintang's trial gets new prosecutor
Sri Bintang's trial gets new prosecutor JAKARTA (JP): Lesbassa Habel replaced S.T. Silangit as the prosecuting attorney yesterday in the ongoing subversion trial of Sri Bintang Pamungkas at the South Jakarta District Court."A letter dated Jan.
Tue, 20 Jan 1998
Ali Hasjmy dies in Banda Aceh
Ali Hasjmy dies in Banda Aceh BANDA ACEH: One of Aceh's most prominent religious teachers Ali Hasjmy died in hospital here Sunday afternoon while recovering from a heart attack.Hasjmy, 84, who was also known as a philosopher and poet, was well loved and known throughout the country.
Tue, 20 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 19, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 0 4,500 Alumindo Light Metal 250 25 3,182,500 Alumindo...
Tue, 20 Jan 1998
Asian crisis has a silver lining for U.S.
Asian crisis has a silver lining for U.S. NEW YORK (AP): General Motors is gearing up to move into Indonesia. Hewlett-Packard is talking to suppliers about using more Asian-made components in its high-tech goods. And Dell Computer is trimming the price of a popular computer.
Tue, 20 Jan 1998
Private foreign debt 'key' to rupiah repair
Private foreign debt 'key' to rupiah repair JAKARTA (JP): The recovery of the tumbling rupiah will depend largely on the handling of the country's huge private debts, analysts say.The head of ING Barings' regional economic and debt research unit, Chris Tinker, said yesterday confidence in the...
Tue, 20 Jan 1998
Keep 'Love Rupiah' campaign sincere
Keep 'Love Rupiah' campaign sincere Many of the hardships which we are now facing might not have existed if only we had been more modest and restrained. With a Gross National Product that was only nearing the US$1,000 mark, we spent our money freely on various things that we should have waited for.
Tue, 20 Jan 1998
Peregrine's chief blames RI
Peregrine's chief blames RI NEW YORK (AFP): The chief of failed Hong Kong bank Peregrine Investments Holdings blamed its collapse on the Indonesian government in an interview with Newsweek magazine"As things began to unravel, Indonesia did all the wrong things," Peregrine chairman Philip Tose says...
Tue, 20 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesdayMaghrib 6:19 p.m.WednesdayImsak 4:20 a.m.Subuh 4:30 a.m.
Tue, 20 Jan 1998
Fencing body aiming for bronzes at 13th Asiad
Fencing body aiming for bronzes at 13th Asiad JAKARTA (JP): The Indonesian Fencing Association aims to win bronze medals at the 13th Asian Games in Bangkok from Dec. 6 to Dec. 20.The association's secretary-general, Soerjono, said yesterday that Indonesia's toughest rivals would come from China,...
Tue, 20 Jan 1998
Banks' merger deal plan will speed up reform
Banks' merger deal plan will speed up reform JAKARTA (JP): The merger deal planned by publicly listed banks Bank Internasional Indonesia (BII) and Bank Dagang Nasional Indonesia (BDNI) would encourage other banks to accelerate similar steps, analysts and bankers said yesterday.