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Fri, 16 Jan 1998
192,000 people temporarily hired
192,000 people temporarily hired BREBES, Central Java: As of Tuesday, the local administration had hired as many as 192,000 people who had lost their jobs in labor-intensive projects such as building dams, cleaning drains and rivers and renovating city roads, an official said.
Fri, 16 Jan 1998
Weak Asian tiger ends West's easy takings
Weak Asian tiger ends West's easy takingsBy Martin Woollacott LONDON: Rioters in Bandung smash the windows of Chinese stores, while in Saigon thousands watch the execution of businessmen charged with corruption.
Fri, 16 Jan 1998
Agroindustry could lead Indonesian economic recovery
Agroindustry could lead Indonesian economic recovery We have been closely following the domestic food situation and asked Dr. H.S. Dillon, Executive Director of the Center for Agricultural Policy Studies, who has held various senior positions in the Ministry of Agriculture.
Fri, 16 Jan 1998
Laggard U.S. risks losing Asian influence: Analyst
Laggard U.S. risks losing Asian influence: Analyst SINGAPORE (Reuters): The U.S. response to Asia's huge economic crisis has been slow and inadequate, risking a serious loss of influence and even an anti-American backlash over the long term, Asian analysts said yesterday.
Fri, 16 Jan 1998
Police continue two murder investigations
Police continue two murder investigations TANGERANG (JP): Local police are still investigating two separate murder cases which occurred here earlier this week.Tangerang Police chief Lt. Col. Ariyanto Boedihardjo said yesterday that the motives for both killings remained unknown and that his...
Fri, 16 Jan 1998
Bank workers, pedestrian shot in armed robbery
Bank workers, pedestrian shot in armed robbery JAKARTA (JP): Two bank employees and a pedestrian were shot during an armed robbery in the parking lot of Harapan Kita Hospital in West Jakarta yesterday morning.
Fri, 16 Jan 1998
Highlights of the IMF economic reform package
Highlights of the IMF economic reform package JAKARTA (JP): These are some of the main points in the memorandum attached to the letter of intent from President Soeharto to the International Monetary Fund.* Gradual elimination of fuel and electricity subsidies, starting on April 1.
Fri, 16 Jan 1998
Asia to get restive and have more jobless
Asia to get restive and have more jobless The pool of jobless and underemployed workers in Asia will grow bigger and more restive in the coming months, writes Prangtip Daorueng of Inter Press Service. BANGKOK: Workers across East Asia, many of them used to decades of job security, face increasingly...
Fri, 16 Jan 1998
Full text of IMF statement on Indonesia
Full text of IMF statement on Indonesia JAKARTA (JP): The following is the full text of the statement yesterday by International Monetary Fund (IMF) Managing Director Michel Camdessus on the IMF fresh reform program with Indonesia:As you know, an IMF staff team together with Mr Fischer and myself,...
Fri, 16 Jan 1998
KONI to finance training if govt budget canceled
KONI to finance training if govt budget canceled JAKARTA (JP): National Sports Council task force chairman Muhammad Hindarto said yesterday the council would still finance training for the 13th Asian Games if the National Development Planning Board canceled its plan to provide Rp 2 billion...
Thu, 15 Jan 1998
Camdessus hopes for solid agreement
Camdessus hopes for solid agreement JAKARTA (JP): IMF Managing Director Michel Camdessus said yesterday he was hopeful for a solid agreement with Indonesia on stronger and accelerated reforms after he meets with President Soeharto today.
Thu, 15 Jan 1998
Woman stabbed to death
Woman stabbed to death TANGERANG (JP): A housewife was found dead near a river in Pete village, Tigaraksa, Tuesday with stab wounds to her chest.The victim's husband, Mursid, said his wife, Sukmana, 20, left their home to wash clothes in the river after eating a predawn meal.
Thu, 15 Jan 1998
Even clergymen are robbed in Jakarta
Even clergymen are robbed in Jakarta Here are two stories of different foreign/expatriate clergymen who were robbed. However, at the time of robbery, they were not wearing their religious outfits, which, in a way, lessens the robber's sin.
Thu, 15 Jan 1998
Timber firms in 'serious trouble'
Timber firms in 'serious trouble' JAKARTA (JP): Many timber companies have serious financial problems due to sluggish demand for timber and wood-related products in domestic and overseas markets, a minister said yesterday.
Thu, 15 Jan 1998
Indonesian debt difficult to handle, HK analyst says
Indonesian debt difficult to handle, HK analyst says HONG KONG (Reuters): Indonesia's debt, the subject of International Monetary Fund talks in Jakarta this week, is expected to be much more difficult to manage than South Korea's.
Thu, 15 Jan 1998
IMF-led bank closures fuel Asia woes
IMF-led bank closures fuel Asia woes SINGAPORE (Reuters): Harvard economist Jeffrey Sachs said yesterday the International Monetary Fund's (IMF) efforts to reform Asia's stricken economies had worsened the crisis by triggering a banking sector collapse.
Thu, 15 Jan 1998
Rice production increase expected
Rice production increase expected JAKARTA (JP): Indonesia's rice production will increase this year because the weather is expected to be more conducive for rice planting than last year, Minister of Agriculture Sjarifudin Baharsjah said yesterday.Rice production will likely rise by up to 7.
Thu, 15 Jan 1998
More than 3% of S'pore loans to Asia default
More than 3% of S'pore loans to Asia default SINGAPORE (Agencies): Some 3.2 percent of loans totaling S$41 billion (US$24.1 billion) lent by Singapore banks to customers in the Asian region have turned bad, Deputy Prime Minister Lee Hsien Loong said yesterday.
Thu, 15 Jan 1998
Margono sees colors of life in Jakarta shacks
Margono sees colors of life in Jakarta shacksBy Stevie Emilia JAKARTA (JP): Gleaming skyscrapers may be the foundation of Jakarta's proud image as a metropolis.Its less picturesque face of slums and rows of squalid shacks along riverbanks is ever annoying to city officials -- and ever fascinating...
Thu, 15 Jan 1998
BBL raises stake in Mashill to 18%
BBL raises stake in Mashill to 18% JAKARTA (JP): Belgian Bank Brussels Lambert (BBL) has increased its stake in publicly listed Bank Mashill to 18 percent from 10 percent.Bank Mashill president A.T. Windoe said yesterday BBL's additional 8 percent attained through the capital market showed that BBL...
Thu, 15 Jan 1998
Rupiah strengthens, stock prices ascend
Rupiah strengthens, stock prices ascend JAKARTA (JP): The rupiah extended gains against the American dollar yesterday, supported by market optimism on the government's determination to continue reforms, currency dealers said.
Thu, 15 Jan 1998
Audit body chief to be selected
Audit body chief to be selected JAKARTA (JP): The House of Representatives will name three candidates tomorrow for the Supreme Audit Agency chairmanship to replace J.B. Sumarlin who retired last month.Deputy House Speaker Abdul Gafur said after a meeting among leaders of the legislative body that...
Thu, 15 Jan 1998
Does postmodernism result in crime?
Does postmodernism result in crime?By J.E. Sahetapy JAKARTA (JP): It is a real tragedy that crime in general has flourished in the post-modern society, while at the same time man has shown his capacity to use science and technology to facilitate a really good life.
Thu, 15 Jan 1998
Claims of U.S. apathy over crisis rejected
Claims of U.S. apathy over crisis rejected BANGKOK (AFP): U.S. special envoy Larry Summers rejected yesterday claims of U.S. apathy to Asia's financial crisis, saying Washington had a major stake in the stricken region and would ensure adequate financial support.
Thu, 15 Jan 1998
Triple-tier transit system project to go ahead
Triple-tier transit system project to go ahead BANDUNG (JP): Minister of Transportation Haryanto Dhanutirto said yesterday the city's triple-tier transit system project would not be rescheduled.He cited the need for an improvement in the city's mass transportation system to help solve chaotic...
Thu, 15 Jan 1998
Two people burned to death
Two people burned to death JAKARTA (JP): Two people were burned to death when a minivan overturned Tuesday evening on Jl. Inspeksi in Kali Malang, Bekasi.No reports were available whether the two victims were passengers of the van or passersby. It was also not known how the accident occurred.
Thu, 15 Jan 1998
Sponsor may be sued if pulls out of Asian Games
Sponsor may be sued if pulls out of Asian Games BANGKOK (Reuters): The Olympic Council of Asia (OCA) said yesterday it was preparing "in the worst case" to sue a Thai telecommunications firm that was trying to renegotiate a US$10 million sponsorship deal for the Dec. 6-Dec. 20 Asian Games.
Thu, 15 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 14, 1998: Buying Selling Rp Rp U.S dollar 6,500.00 8,500.00Austrian shilling 509.00 631.10Australian dollar 4,406.40 5,116.80Belgian franc 178.00 209.60Canadian dollar 4,738.70 5,462.
Thu, 15 Jan 1998
Poor electrical installation common
Poor electrical installation common JAKARTA (JP): As many as 700 buildings, including some high-rises, in the city have poorly installed electrical systems, a businessman has said.Mangatar Tobing, spokesman of the Indonesian Electricity Contractors Association, told reporters Tuesday that most...
Thu, 15 Jan 1998
More people jump on 'Love Rupiah' bandwagon
More people jump on 'Love Rupiah' bandwagon JAKARTA (JP): Real estate executives joined the "Love Rupiah" campaign yesterday, exchanging US$30,000 for the national currency, even though the property sector was the first and hardest hit by the monetary crisis.
Thu, 15 Jan 1998
Special carriages for elderly, children
Special carriages for elderly, children YOGYAKARTA: The local office of the state railway company Perumka will provide special carriages for the elderly and children under five years of age during the Idul Fitri holiday.
Thu, 15 Jan 1998
Doctors urged not to increase fees
Doctors urged not to increase fees JAKARTA (JP): The chairman of the Indonesian Medical Association (IDI) Azrul Azwar urged physicians yesterday not to add to the financial burden of patients which is already expected to increase with the scheduled rise in medicine prices.
Thu, 15 Jan 1998
Businesspeople vow to back govt reforms
Businesspeople vow to back govt reforms JAKARTA (JP): Indonesian business leaders have pledged their support for any reform measures to be taken by the government to cope with the country's monetary crisis.
Thu, 15 Jan 1998
PSSI sets date for meeting with soccer clubs
PSSI sets date for meeting with soccer clubs JAKARTA (JP): The All Indonesian Football Federation (PSSI) is to meet local soccer clubs on Feb. 5 to discuss mutual problems them, including sponsorship."The association will call club managers and owners to meet on Feb.
Thu, 15 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaThursdayMaghrib 6:17 p.m.FridayImsak 4:17 a.m.Subuh 4:27 a.m.
Thu, 15 Jan 1998
Mentally ill boy escapes foundation
Mentally ill boy escapes foundation JAKARTA (JP): Relatives are searching for a mentally ill boy who escaped from a foundation on Jl. Kalideres, West Jakarta.Budiarjo Wardoyo alias Lie Tju Kie, 17, was believed to have escaped Pondok Bina Kasih Foundation at 5:30 p.m. on Jan. 6.
Thu, 15 Jan 1998
Two men arrested for trafficking drugs
Two men arrested for trafficking drugs JAKARTA (JP): Central Jakarta Police detectives have arrested two brothers for allegedly consuming and trafficking low-grade heroin and marijuana.City Police spokesman Lt. Col. E.
Thu, 15 Jan 1998
Entrepreneur sues BHS managers
Entrepreneur sues BHS managers JAKARTA (JP): A businesswoman is suing the management of liquidated Bank Harapan Sentosa (BHS) for failing to release her Rp 405 million (US$45,000) time deposit a day before the bank was closed by the government last November.
Thu, 15 Jan 1998
Xanana's presence sought
Xanana's presence sought JAKARTA (JP): Constansio Costa Dos Santos alias Akuita, a 21- year-old man accused of making bombs for rebellion purposes, and Paul George Rodregues Pereira demanded yesterday that the Dili District Court present jailed East Timorese separatist leader Jose Alexandre...
Thu, 15 Jan 1998
S'pore interest rate rises
S'pore interest rate rises SINGAPORE (Reuters): Recent rises in prime interest rates by Singapore banks will not hurt the economy significantly, Deputy Prime Minister Lee Hsien Loong told parliament yesterday.
Thu, 15 Jan 1998
Assembly to maintain floating mass policy
Assembly to maintain floating mass policy JAKARTA (JP): The minority Indonesian Democratic Party's (PDI) campaign for the revocation of the floating mass policy, long accused of curtailing political parties' outreach opportunities while giving undue clout to the dominant Golkar, looks set to be...
Thu, 15 Jan 1998
Government offensive 'needed to defuse crisis'
Government offensive 'needed to defuse crisis' JAKARTA (JP): Noted economist Rizal Ramli has criticized the government for being too defensive in handling the financial crisis.Rizal, a director of the Econit consulting agency, said a more offensive strategy was needed.
Thu, 15 Jan 1998
Where to go in Bandung:
Where to go in Bandung:Exhibition * Ramadhan Exhibition featuring Handicraft, Fashion, Food, at the Lobby, Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung, 10 a.m. to 8 p.m., until Jan. 29.Music and Entertainment * Holiday Inn, Jl. Ir. H.
Thu, 15 Jan 1998
Sedan stolen in West Jakarta
Sedan stolen in West Jakarta JAKARTA (JP): A BMW sedan belonging to a resident of Jl. Daya, Mapar subdistrict, West Jakarta, was reportedly stolen by three unidentified men early yesterday morning.The car, which belonged to Pranata Sastra Wijaya, was parked in front of the owner's house when three...
Thu, 15 Jan 1998
Military capture separatist rebels
Military capture separatist rebels JAYAPURA, Irian Jaya: Troops of the Trikora Military Command separately captured on Dec. 26 and Dec. 28 three members of a "security disturbance" group, a military spokesman said.Antara quoted Lt. Col.
Thu, 15 Jan 1998
No need for demonstrations
No need for demonstrationsFrom Surabaya PostThere have been demonstrations in Surabaya and other cities related to the current monetary crisis. I appeal to fellow students to take direct action against the crisis.
Thu, 15 Jan 1998
DBS buys stake in BSA
DBS buys stake in BSA SINGAPORE (Reuters): DBS Bank said yesterday that it had signed an agreement to buy a majority interest in the Bank of Southeast Asia, Inc, in the Philippines.A DBS bank statement said it had signed an acquisition agreement, a subscription agreement and other documents to...
Thu, 15 Jan 1998
Diana and JFK
Diana and JFK While visiting Jakarta in mid November 1997, I came across a letter addressed to the British High Commissioner by one of your readers. As I was deeply moved by Princess Diana's untimely death, when I was in London in the last week of September I visited Kensington Palace.
Thu, 15 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 14, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 350 25 1,000 Alumindo Light Metal 250 0 451,500 Alumindo...
Thu, 15 Jan 1998
Injured tiger not to be released
Injured tiger not to be released BANDARLAMPUNG, Lampung: The Tanjungkarang office of natural preservation has decided not to release a female Sumatran tiger (Panthera tigris) which was trapped last week in a West Lampung forest and lost one of its forelegs.