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Tue, 13 Jan 1998
Hashimoto, Kohl phone Soeharto, Goh due here
Hashimoto, Kohl phone Soeharto, Goh due here JAKARTA (JP): Japanese Prime Minister Ryutaro Hashimoto and German Chancellor Helmut Kohl yesterday telephoned President Soeharto to express their concerns about Indonesia's deepening financial crisis.
Tue, 13 Jan 1998
Cohen calls for closer military ties with SE Asia
Cohen calls for closer military ties with SE Asia KUALA LUMPUR (Agencies): U.S. Defense Secretary William Cohen called yesterday for closer military ties with Southeast Asian countries to support the 100,000 American troops that guarantee regional security.
Tue, 13 Jan 1998
Economic, political reforms must work together
Economic, political reforms must work together JAKARTA (JP): Economic reforms made to deal with the lingering economic crisis will only succeed if they are coupled with democratic political reforms which ensure the enforcement of law, the National Commission on Human Rights said here yesterday.
Tue, 13 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.
Tue, 13 Jan 1998
Perumka prepares for exodus
Perumka prepares for exodus BANDUNG: The Perumka train company has prepared 247 locomotive and 1,006 passenger carriages to carry an average of 178,000 commuters daily during the Idul Fitri holiday at the end of the month.
Tue, 13 Jan 1998
12 karatekas selected for Asian Games
12 karatekas selected for Asian Games JAKARTA (JP): The Indonesian Karate-do Federation (Forki) is grooming 12 young karatekas to take part in the Asian Games in Bangkok this December.Boy Crain, the federation's technical director, said Sunday the 12 karatekas were chosen following their good...
Tue, 13 Jan 1998
For the love of money
For the love of money A group of individuals, led by businesswoman Siti Hardiyanti Rukmana, has launched the "Love Rupiah" campaign, aimed at shoring up people's confidence in the national currency by selling their U.S. dollar holdings in exchange for rupiah.
Tue, 13 Jan 1998
Project repeal draws mixed reactions
Project repeal draws mixed reactions JAKARTA (JP): The government's decision to cancel and review 15 megaprojects to cope with the worsening monetary crisis has drawn mixed reactions.The decision has disappointed investors who own the projects, but earned praise from legislators and analysts.
Tue, 13 Jan 1998
Rp 800m provided to slum program
Rp 800m provided to slum program JAKARTA (JP): The city administration and the Ministry of Social Affairs handed over a donation totaling Rp 800 million (US$100,000) to all five Jakarta mayoralties yesterday to help continue the city's slum rehabilitation program.
Tue, 13 Jan 1998
US$600,000 sold in `Love Rupiah' drive
US$600,000 sold in `Love Rupiah' drive JAKARTA (JP): Politicians, tycoons, religious leaders and senior government officials sold American dollars yesterday as they joined in the "Love Rupiah" campaign aimed at restoring people's confidence in the national currency.
Tue, 13 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 12, 1998: Buying Selling Rp Rp U.S. dollar 7,100.00 9,100.00Austrian shilling 606.70 736.80Australian dollar 5,159.70 5,869.50Belgian franc 214.30 242.40Canadian dollar 5,644.60 6,372.
Tue, 13 Jan 1998
SE Asian wheat imports likely to fall
SE Asian wheat imports likely to fall SINGAPORE (Reuters): Southeast Asian wheat consumption is likely to fall by 10 percent in the June/May 1997/98 year due to a cash crunch caused by the currency crisis, industry and trade officials said yesterday.
Tue, 13 Jan 1998
ABRI cracks down on distributors hoarding supplies
ABRI cracks down on distributors hoarding supplies JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung said yesterday that his office would crack down on food distributors found hoarding supplies to sell them at a higher price later.
Tue, 13 Jan 1998
Soeharto will pursue reforms: IMF
Soeharto will pursue reforms: IMF JAKARTA (JP): The International Monetary Fund (IMF) expressed confidence yesterday that President Soeharto would accelerate economic reforms to restore confidence in the economy.
Tue, 13 Jan 1998
Renegotiation is required
Renegotiation is required I was very pleased to read Sunday's Jakarta Post article (Jan. 11, 1998), Harvard economist slams IMF for Asian crisis. In this article Jeffrey Sachs, director of the Harvard Institute of International Development is quoted as being critical of the off- the-shelf IMF...
Tue, 13 Jan 1998
Ramos cancels trip to troubled area
Ramos cancels trip to troubled area ZAMBOANGA CITY, Philippines (DPA): Philippine President Fidel Ramos canceled a visit to a southern island yesterday after extremists threatened to disrupt his arrival and bomb an oil depot.
Tue, 13 Jan 1998
Stop hunting for dollars!
Stop hunting for dollars!From Media IndonesiaThe country's media report daily on the changes in U.S. dollar exchange rates against the rupiah. They also show photographs and scenes where people exchange rupiah for dollars. From day to day things do not get better.
Tue, 13 Jan 1998
Donation for labor programs
Donation for labor programs JAKARTA (JP): The municipality will start a campaign to advertise a special philanthropic fund called Dompet PHK (Wallet PHK) to raise money for its employment programs, Governor Sutiyoso said yesterday.
Tue, 13 Jan 1998
Kosgoro urges govt to follow IMF measures
Kosgoro urges govt to follow IMF measures JAKARTA (JP): The Kosgoro cooperatives movement, one of the founding seven organizations of Golkar, urged the government yesterday to follow all the suggested measures set by the International Monetary Fund (IMF) to help overcome the monetary crisis.
Tue, 13 Jan 1998
Indonesia in spotlight, but no cheers in S. Korea
Indonesia in spotlight, but no cheers in S. Korea SEOUL (Reuters): Indonesia's mounting crisis may have drawn the world spotlight away from troubled South Korea, but there is little cause to celebrate in Seoul.
Tue, 13 Jan 1998
Economic reforms
Economic reforms While Mr. Stanley Fischer and Lawrence Summers from the U.S. Treasury Department are here to discuss reform with the Indonesian government leaders, let us hope that they will not overlook the reforms needed in the world of every day commerce in Indonesia.
Tue, 13 Jan 1998
17 people die in cholera outbreak
17 people die in cholera outbreak KEFAMENANU, East Nusa Tenggara: Seventeen people from four districts in Timur Tengah Utara regency have died in a cholera outbreak that has affected the area since Dec. 23, a regent was quoted by Antara as saying.
Tue, 13 Jan 1998
IMF and govt divided over draft state budget
IMF and govt divided over draft state budget The state budget for 1998/1999 has disappointed the International Monetary Fund. Economist Kwik Kian Gie discusses the budget that may have caused a difference in opinion between the government and the fund.
Tue, 13 Jan 1998
Is a stronger rupiah already around the corner?
Is a stronger rupiah already around the corner?By C.J. de Koning JAKARTA (JP): One of the characteristics of some economists is to predict the future on basis of past experience. In other words if the rupiah depreciates toward the U.S.
Tue, 13 Jan 1998
BT helps small businesses
BT helps small businesses JAKARTA (JP): Bankers Trust Indonesia, the representative office of Bankers Trust, provided a US$140,000 grant yesterday to Bina Swadaya, one of Indonesia's leading non-governmental organizations (NGO), to support the development of small businesses.
Tue, 13 Jan 1998
Joint venture to build $70m lube oil plant
Joint venture to build $70m lube oil plant JAKARTA (JP): State oil and gas company Pertamina has set up a joint venture to build a US$70 million lube oil blending plant in North Jakarta to add to the domestic supply.
Tue, 13 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 12, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 700 -125 31,500 AHAP Insurance 450 0 0 Alter Abadi 325 0 0 Alumindo Light Metal 250 0 4,389,000...
Tue, 13 Jan 1998
Aussie crossers aim to win all
Aussie crossers aim to win all JAKARTA (JP): The six Australian motocrossers planning to compete in the Gudang Garam races in Tegal, Central Java, next month intend to sweep all the categories they enter.
Tue, 13 Jan 1998
Five shot by police during street brawls
Five shot by police during street brawls JAKARTA (JP): Five men were shot by police officers during sporadic brawls Sunday evening between residents of two districts in the Bukit Duri area, South Jakarta, police said.City Police spokesman Lt. Col. E.
Tue, 13 Jan 1998
Many Jakartans look to pawnshops for quick cash
Many Jakartans look to pawnshops for quick cash JAKARTA (JP): Many Jakartans have been pawning their valuables, especially gold and other jewelry, for cash at state- run pawnshops throughout the city due to the current prolonged monetary turmoil, an official said yesterday.
Tue, 13 Jan 1998
Dry spell continues
Dry spell continues SAMARINDA, East Kalimantan: Thousands of hectares of paddy fields in the Tenggarong subdistrict of the Kutai regency here face harvest failure due to the insufficient rainfall.Head of the local Ministry of Agriculture Sofyan Alex said here yesterday that the regencies of Berau,...
Tue, 13 Jan 1998
New policy a must for globalization
New policy a must for globalizationBy Djauhari Oratmangun This is the second of two articles on globalization and the role of the nation states. JAKARTA (JP): There is no doubt that globalization is probably one of the answers to meeting development objectives in most of the developing world.
Tue, 13 Jan 1998
Firecrackers injure 3 people
Firecrackers injure 3 people SEMARANG, Central Java: Three people were badly injured and three houses destroyed when 20 kilograms of firecrackers exploded Sunday in Temangede village, Gemuh subdistrict, in Kendal regency.Kendal Police Chief Lt. Col.
Tue, 13 Jan 1998
Local artists 'to benefit' from Year of Art and Culture
Local artists 'to benefit' from Year of Art and Culture JAKARTA (JP): Officials defended yesterday the government's decision to declare 1998 the Year of Art and Culture, saying the campaign was not merely a vehicle to attract tourists to the country but also to provide new opportunities for...
Tue, 13 Jan 1998
Volvo's sales fall in Asia
Volvo's sales fall in Asia STOCKHOLM (Reuters): Swedish vehicle maker Volvo Cars said on Monday its 1997 sales in Southeast Asia probably fell to between 15,000 and 16,000 vehicles from 18,000 to 20,000 in 1996.
Tue, 13 Jan 1998
Cohen urges Indonesia to act quickly
Cohen urges Indonesia to act quickly KUALA LUMPUR (Reuters): U.S. Defense Secretary William Cohen urged Indonesia yesterday to move quickly to bring its economy in line with the International Monetary Fund's policy prescriptions.
Tue, 13 Jan 1998
Bad loans at Japanese banks total $590b
Bad loans at Japanese banks total $590b TOKYO (AFP): Bad loans at Japanese banks totaled 76.708 trillion yen (US$590 billion) at the end of September under revised reporting standards, the finance ministry said yesterday.
Tue, 13 Jan 1998
Japan must cure own economic ills to help Asia
Japan must cure own economic ills to help AsiaBy Linda Sieg TOKYO (Reuters): Japan has vowed yet again not to let its woes drag the rest of Asia into more financial turmoil and trigger a global crisis, but analysts say Tokyo must loosen its tight fiscal grip still further to keep that promise.
Tue, 13 Jan 1998
Food producers, retailers agree to ease prices
Food producers, retailers agree to ease prices JAKARTA (JP): The producers and distributors of food and other essentials agreed yesterday not to raise prices anymore, at least until a week after the Idul Fitri holiday.
Tue, 13 Jan 1998
Bogor to move against soft porn
Bogor to move against soft porn BOGOR (JP): Bogor Mayor Eddy Gunardi has ordered the removal of all posters advertising soft porn films at local movie theaters and has directed law enforcement officials to clear the streets of prostitutes and transvestites.
Tue, 13 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesdayMaghrib 6:17 p.m.WednesdayImsak 4:16 a.m.Subuh 4:26 a.m.
Tue, 13 Jan 1998
SE Asian rubber glued to currency market
SE Asian rubber glued to currency market SINGAPORE (Reuters): Currencies will be the buzzword for the Southeast Asian rubber trade this week, although a fire in the rubber center of Hat Yai will help support rubber prices in Thailand, traders said yesterday.
Tue, 13 Jan 1998
Peregrine Sewu Securities unhurt by problem in HK
Peregrine Sewu Securities unhurt by problem in HK JAKARTA (JP): Indonesian securities house PT Peregrine Sewu Securities will not be directly affected by the financial difficulties faced by the Peregrine Group of Hong Kong.
Tue, 13 Jan 1998
Sri Bintang against Silangit's appointment
Sri Bintang against Silangit's appointment JAKARTA (JP): The trial of former legislator Sri Bintang Pamungkas continued at a snail's pace yesterday as the defendant maintained his objection against S. T. Silangit's appointment as the prosecuting attorney.
Tue, 13 Jan 1998
Australia 'committed to Asia'
Australia 'committed to Asia' CANBERRA (Reuters): Acting Australian Prime Minister Tim Fischer said yesterday that Australia remained committed to Asia, but would develop new export markets.He also said a Sunday telephone conversation between Indonesia's President Soeharto and Australian Prime...
Tue, 13 Jan 1998
Duff enters Indonesia
Duff enters Indonesia HONG KONG (Reuters): U.S. rating agency Duff and Phelps Credit Rating Co. (DCR) said yesterday that it had formed a joint venture with PT Kasnic Indotama to rate Indonesian entities.The partnership was recently approved by regulatory authorities in Indonesia, DCR said.
Tue, 13 Jan 1998
PBSI to ax participation in some meets
PBSI to ax participation in some meets JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has announced it is to cut its participation in several international competitions.MF Siregar, the association's technical director, said that the move was prompted by the financial chaos currently...
Tue, 13 Jan 1998
Police continue probe into attack on Tangerang kiosks
Police continue probe into attack on Tangerang kiosks TANGERANG (JP): Local police are still investigating the burning and destruction of 14 food kiosks Saturday evening by about 2,000 angry Cikupa residents who accused the warung owners of offering prostitution services.
Mon, 12 Jan 1998
Here's a way to make your new hardware talk to the system
Here's a way to make your new hardware talk to the systemBy Zatni Arbi JAKARTA (JP): Last week, as I was reviewing the delectable SCENIC Multimedia eXtension Board (MXB) from Siemens Nixdorf, I inadvertently left you with a small puzzle.
Mon, 12 Jan 1998
Cohen arrives in KL on 1st leg of East Asian tour
Cohen arrives in KL on 1st leg of East Asian tour KUALA LUMPUR (AFP): U.S. Defense Secretary William Cohen arrived here yesterday at the start of an 11-day Asian tour aimed at reassuring the region of support in tough times and urging them towards the "responsible" handling of labor unrest.