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Thu, 15 Jan 1998
Pop greats cancel S'pore, KL shows
Pop greats cancel S'pore, KL shows SINGAPORE (DPA): Pop music greats Elton John and Billy Joel have canceled joint concerts in Singapore and Malaysia, reports said yesterday.The stars' managers claimed "unforeseen circumstances" had forced them to change their plans, the Straits Times newspaper...
Thu, 15 Jan 1998
YKPK publicly supports Try for president
YKPK publicly supports Try for president JAKARTA (JP): The National Brotherhood Foundation (YKPK) announced yesterday its preference to see Vice President Try Sutrisno nominated for president.The chairman of the nationalist-oriented foundation, Bambang Triantoro, told journalists that Try was the...
Thu, 15 Jan 1998
Thai depressed by RI's delay of sugar shipment
Thai depressed by RI's delay of sugar shipment BANGKOK (Reuters): The Thai white sugar market was depressed by market talk that Indonesia had delayed shipments of 100,000 tons of sugar from Thailand due to economic turmoil, trade sources said.
Thu, 15 Jan 1998
No money trading, please!
No money trading, please!From Media IndonesiaThe value of the rupiah against the U.S. dollar is not logical any longer. The rupiah has sharply declined to a point where it is not clear how much further it will go. The change in exchange rate takes place not in a matter of hours or days but seconds.
Thu, 15 Jan 1998
Police probe burning of school
Police probe burning of school PALANGKA RAYA, Central Kalimantan: Police forensic experts are investigating the fire that gutted Saturday the SMU-I senior high school in Muara Teweh, North Barito regency, causing an estimated financial loss of Rp 1 billion (US$133,333).
Thu, 15 Jan 1998
Jakarta pigs find no home in West Java
Jakarta pigs find no home in West Java JAKARTA (JP): The city's plan to relocate pig farms from West Jakarta to West Java has been put on hold because West Java Governor Nuriana is against the plan, an official said yesterday.
Thu, 15 Jan 1998
Crisis a time bomb for govt, Amien says
Crisis a time bomb for govt, Amien says BANDUNG (JP): The leader of the 28 million-strong Muhammadiyah Moslem Organization warned yesterday the government is sitting on a time bomb if it fails to quickly resolve the multidimensional crisis facing the country.
Thu, 15 Jan 1998
Soeharto committed to reforms: Cohen
Soeharto committed to reforms: Cohen JAKARTA (JP): President Soeharto strongly assured visiting U.S. Defense Secretary William C. Cohen yesterday that he was committed to rebuilding confidence in his country's economy.
Thu, 15 Jan 1998
Asian markets soar on revived confidence
Asian markets soar on revived confidence SINGAPORE (AFP): Asia-Pacific bourses surged yesterday as regional currencies stabilized and IMF and US officials voiced confidence the region's tattered economies would mend.Singapore stocks rose 7.5 percent, Kuala Lumpur 6.5 percent, Hong Kong 5.
Thu, 15 Jan 1998
Big fight looms over RP food giant
Big fight looms over RP food giant MANILA (Reuters): A bid by a Hong Kong firm to take over San Miguel Corp could turn into one of the biggest fights in the Philippine corporate world and may revive a stock market battered by a regional currency crisis, analysts said yesterday.
Thu, 15 Jan 1998
No Tiger Cup, no Asiad for RI
No Tiger Cup, no Asiad for RI JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman told the All Indonesian Soccer Federation yesterday that the country's national team had to win the second Tiger ASEAN Cup championship if it wanted to compete at the 13th Asian Games in Bangkok in...
Thu, 15 Jan 1998
Property recovery seen in four years
Property recovery seen in four years JAKARTA (JP): The country's property sector, which has been severely bruised by the monetary crisis since August, is estimated to recover in three to four years, according to the Indonesian Association of Real Estate Developers (REI).
Thu, 15 Jan 1998
Many cars fail emission tests
Many cars fail emission tests JAKARTA (JP): About 33 percent of 1,627 vehicles that underwent emission tests last month failed to meet the test's minimum requirements, an official has said.Kosasih, spokesman of the city environment office, said Tuesday that the vehicles tested consisted of 754...
Thu, 15 Jan 1998
Presidential candidacy a political lesson
Presidential candidacy a political lesson Ousted PDI leader Megawati Soekarnoputri joins Moslem scholar Amien Rais in declaring her readiness to be nominated as president. Riswandha Imawan, a political lecturer at Gadjah Mada University in Yogyakarta, discusses the phenomena.
Thu, 15 Jan 1998
Asia currencies roused by dull U.S. dollar
Asia currencies roused by dull U.S. dollar SINGAPORE (Reuters): Asian currencies leapt yesterday as the U.S. dollar slid against the yen and stock markets across the region took their cue from Wall Street's second session of gains.
Thu, 15 Jan 1998
Tourino resigns from boxing committee
Tourino resigns from boxing committee JAKARTA (JP): Verbal punches are flying around Indonesian professional boxing this week as a dispute between two leading promoters is becoming mired in conflict and recrimination.
Thu, 15 Jan 1998
SAFETY FIRST:
SAFETY FIRST:JP/alx Vice President Try Sutrisno (right) presents a Zero Accident Award certificate and plaque to PT ISM Bogasari director Franky Welirang.The Surabaya based company was among the 66 companies to be presented an award by Try here yesterday for their success in providing safety...
Thu, 15 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Kumuh by Margono at Galeri Cipta III, Taman Ismail Marzuki Arts Center, Jl. Cikini Raya 73, Central Jakarta, 10 a.m. to 9 p.m., until Jan. 18. * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl.
Thu, 15 Jan 1998
East Java towns hit by riots after sudden price hike
East Java towns hit by riots after sudden price hike SURABAYA (JP): Armed Forces spokesman Brig. Gen. A. Wahab Mokodongan confirmed yesterday that riots had broken out in several East Java towns Tuesday as a result of the sudden price hike and the portioning of several basic commodities.
Thu, 15 Jan 1998
Twenty die in diarrhea outbreak
Twenty die in diarrhea outbreak TIMIKA, Irian Jaya: Twenty people have died and 10 others have been hospitalized in an outbreak of diarrhea that has hit Mimika regency over the past two weeks, Antara quoted an official yesterday.
Thu, 15 Jan 1998
Husband's layoff drives woman to commit suicide
Husband's layoff drives woman to commit suicide JAKARTA (JP): Three women have been found dead in separate incidents during the past two days here.They were all believed to have committed suicide for different reasons, including because of a husband's failure to find a new job after being laid off.
Thu, 15 Jan 1998
Aneka Tambang profits doubled last year
Aneka Tambang profits doubled last year JAKARTA (JP): Publicly listed state mining company PT Aneka Tambang has said its unaudited net profit doubled to Rp 66 billion (US$8.25 million) last year."Profit was within the target," company president Dedy Aditya Sumanegara said at a breaking of the fast...
Thu, 15 Jan 1998
ADRs rally on economic reform news
ADRs rally on economic reform news NEW YORK (Reuters): Indonesian ADRs headed higher in heavy trade Tuesday, reflecting market optimism about economic reforms in the troubled southeast Asian nation.The overall market in ADRs -- American Depositary Receipts -- rose on signs of stabilization in the...
Thu, 15 Jan 1998
Indian rupee crosses 40 barrier to the dollar
Indian rupee crosses 40 barrier to the dollar BOMBAY (AFP): The Indian currency hit a record low here Wednesday, crashing through the psychological barrier of 40 rupees to the dollar for the first time.Dealers said it closed at 40.90 against the greenback after crashing to 40.
Thu, 15 Jan 1998
TV today
TV todayTVRI 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 Orchestra Film 5:00 Arabic Lessons 5:30 Religious Program: Celah-Celah Ramadhan 6:00 News: Lintasan...
Thu, 15 Jan 1998
Expats don't stockpile
Expats don't stockpile I got a call from my wife who was in Makro, saying everybody was buying up everything -- rice, sugar, cooking oil and milk. Checkout lines were so long that people were kept waiting one hour. She asked me what she should do. "Nothing," I said.
Wed, 14 Jan 1998
IBM net service
IBM net service Recently Mr. Dikdik Hasan responded in this column to my earlier complaint about IBM net service in Medan, North Sumatra. More important than his public response was Mr. Hasan's immediate personal response as soon as my letter appeared, and several times since then Mr.
Wed, 14 Jan 1998
Australian cabinet to discuss Asian crisis
Australian cabinet to discuss Asian crisis SYDNEY (AFP): Growing anxiety over the Asian financial crisis now damaging Australia's currency and threatening employment growth will be discussed by a cabinet meeting next week, officials said yesterday.
Wed, 14 Jan 1998
State draft budget
State draft budget It is disappointing to know how the state draft budget for 1998/1999 has been prepared. I am not an economist, but to my mind, there are many items that are either too optimistic or too unrealistic.
Wed, 14 Jan 1998
Diagnosing ills of low-cost health services
Diagnosing ills of low-cost health servicesThe Use of Health Services in a Slum Area of North Jakarta By Charles Surjadi EGC Publisher Jakarta, 1997 178 pp. JAKARTA (JP): With only 64 public hospitals serving the city's 9.8 million people, good quality health services at low cost are hard to find.
Wed, 14 Jan 1998
'Serambi' daily reduces pages
'Serambi' daily reduces pages BANDA ACEH, Aceh: The Serambi Indonesia daily here has reduced its pages from 12 to eight in an austerity measure aimed at helping it through the economic crisis.The newspaper's editor-in-chief, Sjamsul Kahar, said the page reduction was a result of the economic crisis...
Wed, 14 Jan 1998
Silkair flight recorder said to frustrate probe
Silkair flight recorder said to frustrate probe WASHINGTON (Reuters): Investigators probing the SilkAir crash in Indonesia last month have been frustrated by difficulties reading the flight data recorder, Aviation Week reported on Monday.U.S.
Wed, 14 Jan 1998
Hookers rounded up in Bogor
Hookers rounded up in Bogor BOGOR (JP): Some 44 prostitutes and 11 transvestites operating along the city's streets were rounded up in an operation on Monday night.The Bogor Mayoralty spokesman Hari Harsono said the prostitutes and transvestites were caught on Jl. Juanda, Jl. Merdeka, Jl.
Wed, 14 Jan 1998
The wrong signal -- IMF's role in Asia
The wrong signal -- IMF's role in AsiaBy Christian von Hiller BERLIN (DPA): Indonesia is threatening to be a rerun of the scenario that the world has already been observing in South Korea. After President Soeharto agreed to bow to the harsh demands made by the International Monetary Fund (IMF),...
Wed, 14 Jan 1998
Leadership change not a utopia
Leadership change not a utopiaBy Ikrar Nusa Bhakti JAKARTA (JP): Political hope may become a political reality even though political reality and hope are different from each other.Hermawan Sulistyo is right in his article "No room for political utopia" in the Jan.
Wed, 14 Jan 1998
TAM vehicle sales rise 32%
TAM vehicle sales rise 32% JAKARTA (JP): Automaker PT Toyota Astra Motor (TAM) sold 98,139 Toyota vehicles domestically last year, a 32 percent increase compared to 74,570 vehicles in 1996.The company, a joint venture between Indonesia's PT Astra International and Japan's Toyota Motor Corp, said...
Wed, 14 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 13, 1998: Buying Selling Rp Rp U.S dollar 8,000.00 10,000.00Austrian shilling 601.50 731.80Australian dollar 5,088.00 5,787.00Belgian franc 212.40 240.60Canadian dollar 5,559.40 6,284.
Wed, 14 Jan 1998
Rupiah strengthens as stocks gains ground
Rupiah strengthens as stocks gains ground JAKARTA (JP): The rupiah continued to strengthen against the American dollar yesterday on a positive market reaction to the talks between International Monetary Fund (IMF) officials and the Indonesian government on economic reforms, currency dealers said.
Wed, 14 Jan 1998
Ministers back dialog on economic crisis
Ministers back dialog on economic crisis JAKARTA (JP): Two senior cabinet ministers declared their support yesterday for a plan to hold a national dialog involving public figures and staunch critics of the government to discuss ways of overcoming the present economic crisis.Minister of Defense Gen.
Wed, 14 Jan 1998
Love rupiah drive
Love rupiah driveFrom Media IndonesiaObserving the development of the ongoing monetary crisis, I, as an Indonesian citizen, wish to propose the following:1. Consolidate the Love Rupiah National Drive, a program initiated by one of our national entrepreneurs and worthy of our support.2.
Wed, 14 Jan 1998
U.S. shows concern over Asia crisis
U.S. shows concern over Asia crisis Summers will convey a tough message. He is a personal believer in the remedy of the IMF. He has made believers out of others in the Clinton administration that the IMF prescription must be followed -- and with no painkillers.
Wed, 14 Jan 1998
Indonesia crux brings Peregrine to its knees
Indonesia crux brings Peregrine to its knees HONG KONG (Reuters): Choked with emotion, the founders of Peregrine Investments Holdings Ltd told yesterday how a meltdown in Indonesian markets helped bring one of Asia's largest independent investment banks to its knees.
Wed, 14 Jan 1998
Garuda reschedules jet lease payments
Garuda reschedules jet lease payments JAKARTA (JP): National carrier Garuda Indonesia Airlines denied yesterday the airline company had defaulted on its lease payments for six Airbus aircraft.Garuda spokesperson Arief Hartanto said the airline did not default on the "operating lease" payments but...
Wed, 14 Jan 1998
Four shop owners questioned for hoarding supplies
Four shop owners questioned for hoarding supplies JAKARTA (JP): City Police chief Maj. Gen. Hamami Nata confirmed yesterday that his office was investigating four shop owners suspected of hoarding food supplies to be sold later at higher prices.
Wed, 14 Jan 1998
1997's violence, tragedies seen through news photos
1997's violence, tragedies seen through news photosPhoto display exposes 1997 gloomy days JAKARTA (JP): In the eyes of many news photographers, 1997 was a year of brutality, disaster and drought.Thirty-eight news photographers are expressing their view of the year through a month-long photo...
Wed, 14 Jan 1998
Support looms for Megawati's presidential bid
Support looms for Megawati's presidential bid MEDAN, North Sumatra (JP): Support trickled in yesterday for Megawati Soekarnoputri's bid for the presidency, including from an unexpected quarter.An executive of the Indonesian Democratic Party (PDI)'s North Sumatra branch, which is controlled by...
Wed, 14 Jan 1998
Soeharto reassures Summers, Goh on reforms
Soeharto reassures Summers, Goh on reforms JAKARTA (JP): U.S. Deputy Treasury Secretary Lawrence Summers conveyed a message from President Bill Clinton to President Soeharto yesterday on the importance of pursuing economic reforms to restore confidence in the country's battered economy.
Wed, 14 Jan 1998
Military cracks down on hoarding
Military cracks down on hoarding BANDAR LAMPUNG: Military authorities here have deployed its personnel to watch over individuals who hoard basic commodities for their own interests, Antara reported yesterday.Military chief Col. C.
Wed, 14 Jan 1998
Three men arrested with 11 kilograms of marijuana
Three men arrested with 11 kilograms of marijuana JAKARTA (JP): Police have arrested three men in Cililitan, East Jakarta, for allegedly transporting and distributing 11 kilograms of marijuana.East Jakarta Police chief Lt. Col.
Wed, 14 Jan 1998
The need for reform
The need for reform It can hardly be denied that the economic crisis is at present undergoing an increasingly distinct metamorphosis toward becoming a political one. In fact, this tendency had been clear ever since the exchange rate of the rupiah against the U.S.