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Found 1,527 articles

Asian crisis could boost anti-U.S. feeling

Asian crisis could boost anti-U.S. feelingBy Stefan Kornelius WASHINGTON (DPA): U.S. Defense Secretary William Cohen prepared his Asian tour well in advance. He was planning to discuss security policy and strategic interests.

Tangerang ready for labor-intensive projects: Regent

Tangerang ready for labor-intensive projects: Regent TANGERANG (JP): In an attempt to curb unemployment and prevent social unrest, the Tangerang Regency Administration has provided Rp 1.3 billion (US$162,500) for its short-term labor-intensive projects, an official said yesterday.

NZ sees consensus ahead of talks in PNG

NZ sees consensus ahead of talks in PNG WELLINGTON (Reuters): New Zealand Foreign Minister Don McKinnon said yesterday he was hopeful of a formal cease-fire next week in the protracted secessionist war on Papua New Guinea's Bougainville island.

Bakrie, Chase sign deal

Bakrie, Chase sign deal JAKARTA (JP): Publicly listed PT Bakrie & Brothers has appointed Chase Manhattan as its financial advisor to guide the company through the current crisis.Bakrie & Brothers said in a statement yesterday that Chase had assessed the company's financial situation and would...

Moody's warns European banks on Asian exposure

Moody's warns European banks on Asian exposure PARIS (Reuters): Moody's served notice to European banks on Thursday that exposure to Asia's troubled economies could prove costly, warning that it might review or downgrade financial institutions.

Cohen pledges help for old ally Thailand

Cohen pledges help for old ally Thailand BANGKOK (Reuters): U.S. Defense Secretary William Cohen pledged assistance to old ally Thailand yesterday, now financially strapped and facing problems paying for military equipment from the United States.

API appoints new board

API appoints new board JAKARTA (JP): The Indonesian Textile Association (API) announced yesterday the members of its executive board for the 1998/2000 period.The new board includes Bambang Riyadi Soegomo as the association's chairman and Irwandi Muslim as the secretary- general.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 16, 1998: Buying Selling Rp Rp U.S dollar 1 7,750.00 9,750.00Austrian shilling 1 620.40 751.30Australian dollar 1 5,395.00 6,110.10Belgian franc 1 218.90 246.80Canadian dollar 1 5,763.90 6,489.

Bank Pacific's repayment

Bank Pacific's repayment JAKARTA (JP): The liquidation team of Bank Pacific, one of 16 banks shut down by the government last year, will begin its second phase of repayment for bank customers on Jan. 26.

RI following the right path: Analysts

RI following the right path: Analysts LONDON (Reuters): Indonesia's latest steps to restore confidence in its ailing economy are a move in the right direction but its battered currency may be slow to react, London analysts said.

Exim Bank to honor loan commitments

Exim Bank to honor loan commitmentsJP/bay JAKARTA (JP): The chairman of the U.S. Export-Import Bank said yesterday that the bank would support all $4.4 billion worth of loans in Indonesia now under consideration."Our current exposure is about $3.8 billion and we have in the pipeline $4.4 billion.

RI, Thailand seen to recover by 2000

RI, Thailand seen to recover by 2000 KUALA LUMPUR (Reuters): International Monetary Fund managing director Michel Camdessus said yesterday that he believed Indonesia and Thailand would recover from an economic crisis by 2000.

Greedy banks and money changers

Greedy banks and money changersFrom Pikiran RakyatWhen the continuous monetary upheavals hit most people and all of us take steps to reduce our burdens, banks and money changers show themselves as antisocial in handling dollar transactions.

Orangutan care center planned

Orangutan care center planned PANGKALAN BUN, Central Kalimantan: An Orangutan Care Center and Quarantine will be set up by the International Orangutan Foundation and Indonesia's Forestry Ministry in Kotawaringin Barat district, Central Kalimantan.

Local papers reduce pages due to crisis

Local papers reduce pages due to crisis YOGYAKARTA (JP): Local publications have been forced to reduce pages and change publication regularity to survive the steep increase in the newsprint price over the past few months.

Indonesian crude trade drops as crisis hits

Indonesian crude trade drops as crisis hits SINGAPORE (Reuters): OPEC member Indonesia has reduced its exports of crude oil for February for the third month in a row, reflecting the country's aim of relying more on domestic crude and limit imports in the face of financial problems, traders said...

Teenager arrested for attempted robbery

Teenager arrested for attempted robbery JAKARTA (JP): A 14-year-old junior high school student has been arrested in Bekasi, West Jakarta, for allegedly attempting to rob a taxi driver, police said.City Police spokesman Lt. Col. E.

Indonesian memorandum of economic and financial policies

Indonesian memorandum of economic and financial policies The following is the full text of Indonesia's 50-point Memorandum on Economic and Financial Policies attached to the letter of intent signed by President Soeharto Thursday in Jakarta.I. BACKGROUND1.

Man face trials in Vietnam, U.S.

Man face trials in Vietnam, U.S. HANOI (DPA): A Vietnamese-American, sought for theft in Vietnam and a 1983 murder in the United States, was turned over by Cambodian authorities to Vietnam, where he will face charges before his expected deportation to the U.S., police said yesterday.

Britain backs call for Asian crisis meeting

Britain backs call for Asian crisis meeting LONDON (Reuters): Britain on Thursday gave its backing for a U.S.-proposed, top level international meeting on the Asian financial crisis.The meeting would involve the Group of Seven (G-7) leading industrial countries and the Asian nations affected by the...

Clinton focuses on Asia to safeguard the U.S.

Clinton focuses on Asia to safeguard the U.S. WASHINGTON (Reuters): President Bill Clinton has thrown himself into the effort to contain Asia's financial crisis, which may threaten the crowning achievement of his presidency -- the robust U.S. economy.U.S.

Officials support Megawati, Amien for nomination

Officials support Megawati, Amien for nomination JAKARTA (JP): Two high-ranking officials responded positively yesterday to recent calls for the nomination of government critics Megawati Soekarnoputri and Amien Rais as the next president and vice president.

Regional layoffs expected to rise due to crisis

Regional layoffs expected to rise due to crisis SINGAPORE (Agencies): As many as 15,000 people in Singapore may lose their jobs this year as a result of Southeast Asia's economic crisis, a report said yesterday.

Ford eyes Kia

Ford eyes Kia SEOUL: Ford reportedly has notified the Seoul government, Korea Development Bank and Kia business group of its intention to take over the ill-fated Kia Motors.According to a report in the Korea Economic Daily, The Korea Development Bank is scheduled to make additional investments in...

Assembly split over two crucial issues

Assembly split over two crucial issues JAKARTA (JP): After making some progress, the deliberation of the State Policy Guidelines in the People's Consultative Assembly ended on a low note yesterday as it failed to reach a unanimous agreement on the last two motions discussed.

Forests project to cost Rp 7b

Forests project to cost Rp 7b BANDAR LAMPUNG: The provincial forestry office here has allocated Rp 7 billion in reforestation funds to rehabilitate 2,600 hectares of protected forest.The project began last December and is scheduled to be finished in March, head of the forestry office Ajat Sudrajat...

Taiwanese mission due here

Taiwanese mission due here JAKARTA (JP): Chairman of Taiwan's Council of Economic Planning and Development P.K. Chiang will lead a trade delegation from Taiwan on a two-day visit here to examine the country's business environment.The delegation is scheduled to arrive tomorrow.

Most Asia-Pacific markets stage rebound

Most Asia-Pacific markets stage rebound TOKYO (AFP): Stronger Japanese shares led a return to confidence as investors maintained positive sentiment over the financial sector, as other markets in the Asia-Pacific were buoyed by comments from visiting IMF officials.

Bank facts

Bank facts The boards of directors and commissioners are very disappointed with the misleading article in the Business and Investment section of the Jan. 10 The Jakarta Post.Although a Reuters article, the headline your newspaper chose and some of the contents were open to misinterpretation.

Indonesian students in cash bind Down Under

Indonesian students in cash bind Down UnderBy Monika Winarto JAKARTA (JP): The Australian Education Center in Kuningan, South Jakarta, is busier than usual these days.But the up to 30 people dropping in to see counselors are not just prospective students weighing choices.

Reforms 'strong enough' to restore banking industry

Reforms 'strong enough' to restore banking industry JAKARTA (JP): Banking sector reforms -- part of overall sweeping reforms announced by President Soeharto Thursday -- were adequate enough to restore the ailing banking industry, analysts said yesterday.

Palm oil firm in European close on RI news

Palm oil firm in European close on RI news LONDON (Reuters): Palm oil closed firm on the European vegetable oil market on Thursday following news that Indonesia is to keep its ban on palm oil exports until the end of March.

Rupiah surges, stocks gain ground

Rupiah surges, stocks gain ground JAKARTA (JP): The government's economic reforms, which failed to impress the financial and stock markets at their announcement Thursday, managed to beef up the rupiah and stock prices yesterday.

PPIP marks anniversary of Indonesia-Portugal ties

PPIP marks anniversary of Indonesia-Portugal ties JAKARTA (JP): The Indonesia-Portugal Friendship Association (PPIP) celebrates its fourth anniversary today.The association, chaired by President Soeharto's eldest daughter Siti Hardiyanti Rukmana, was established in 1994 as a bridge of communication...

Econ dumps Indonesian telecom deal

Econ dumps Indonesian telecom deal SINGAPORE (Reuters): Singapore's Econ International Ltd (Econ) said yesterday it was scrapping a US$66.65 million deal with Indonesian telecommunications firm PT Centralindo because of Southeast Asia's economic crisis.

Ford undeterred by Asia's woes

Ford undeterred by Asia's woes FORD MOTOR Co believes Asia will overcome its economic troubles to become the world's biggest vehicle market, and hopes to announce soon the opening of a new plant in the Philippines, a senior executive said last week.

RI's gross forex assets total $20.39b

RI's gross forex assets total $20.39b JAKARTA (JP): Bank Indonesia, the central bank, announced yesterday that the country's gross foreign assets totaled US$20.39 billion as of Jan. 15, down from $27.56 billion as of last September.

Gender bias

Gender bias I am a white foreigner. I am married to an Indonesian. I am a Moslem. We are expecting a baby. I am utilizing a social visit visa so I can stay with my wife. I have purchased a home for my wife and child. We have bought an Indonesian-made automobile, and Indonesian-made furniture.

Pet vendors in Menteng offer bargains

Pet vendors in Menteng offer bargainsBy Fitriyanti Djoni JAKARTA (JP): A luxury sedan slows down to a halt right in front of some cages of puppies for sale on Jl. Latuharhary, in the Menteng area of Central Jakarta.

HP to remain in SE Asia

HP to remain in SE Asia MANILA (AFP): U.S.-based Computer giant Hewlett-Packard will stick it out in Southeast Asia despite the financial turmoil hammering the region, a senior official said Thursday."We play for the long term.

Moody's reviews ratings of four Malaysian banks

Moody's reviews ratings of four Malaysian banks KUALA LUMPUR (AFP): Moody's Investors Service yesterday placed four leading Malaysian banks under review for possible downgrades of their credit ratings, citing mounting pressure on the financial system.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 16, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 -50 500 Alumindo Light Metal 225 -25 140,000 Alumindo...

Students on trial for killing and robbery

Students on trial for killing and robbery JAKARTA (JP): A prosecutor asked the Central Jakarta District Court yesterday to sentence three students to nine years in jail each for killing a housemaid and stealing jewelry worth Rp 3.5 million (US$388).

Alternate presidential candidates

Alternate presidential candidates Following in the footsteps of Dr. Amien Rais, Megawati Soekarnoputri -- in a statement made at her residence in the presence of many, including a number of foreign diplomats -- declared herself ready to be a candidate for the presidency.

Austerity urged this Idul Fitri

Austerity urged this Idul Fitri MATARAM, West Nusa Tenggara: Chairman of the provincial chapter of the Indonesian Council of Ulemas, Ahmad Usman, is appealing to Moslems across the country to celebrate Idul Fitri in simplicity."It is not necessary to wear new clothes and serve elaborate dishes.

KONI tightens criteria for sending teams to Asiad

KONI tightens criteria for sending teams to Asiad JAKARTA (JP): Due to the deepening economic turmoil, the National Sports Council's Asiad task force has decided to combine the three categories of sports set to compete at the 13th Asian Games in Bangkok in December into only one.

Soeharto lauded over reforms

Soeharto lauded over reforms JAKARTA (JP): U.S. President Bill Clinton has lauded President Soeharto's courage and determination to conduct sweeping economic reforms, a minister said yesterday.In a telephone conversation Thursday evening (Jakarta time), Clinton congratulated Soeharto following the...

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Decada Band with a Saxophone player, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m.

National interest is more important, says Tommy

National interest is more important, says Tommy JAKARTA (JP): President Soeharto's youngest son, Hutomo Mandala Putra, said yesterday he fully accepted the government's decision to scrap the tax breaks awarded to his national car project.

Young chef Degan makes mark in kitchen

Young chef Degan makes mark in kitchenBy Putu Wirata DENPASAR, Bali (JP): Heard the one about a hapless cook who had to peel 10 kilograms of onion and 20 kilograms of potatoes by hand?He also had to clean the fridge, rooms, kitchen and put out the garbage by himself.