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Mon, 12 Jan 1998
Central bank chief to resign
Central bank chief to resign MANILA (AFP): Central Bank of the Philippines governor Gabriel Singson on Saturday offered to resign after some legislators said they would investigate him for failing to halt the fall of the peso against the dollar."If they want I will resign.
Mon, 12 Jan 1998
Angry mob burn motorcycle
Angry mob burn motorcycle JAKARTA (JP): A crowd of angry residents in Jatipadang, South Jakarta burned a motorcycle yesterday morning after its driver recklessly ran into a local boy, police said.A Jatipadang police officer said the unidentified driver immediately ran away from the scene after he...
Mon, 12 Jan 1998
Logica opens RI office
Logica opens RI office JAKARTA (JP): Logica, an international computer consultancy, system integration and software company, will open a new office in Jakarta and intends to hire more than 30 people by July this year, the company said Saturday.
Mon, 12 Jan 1998
TBBA's profit falls 33%
TBBA's profit falls 33% JAKARTA (JP): State coal producer PT Tambang Batubara Bukit Asam (TBBA) booked a Rp 59.86 million (US$7.48 million) net profit after tax last year, falling sharply by 33 percent from Rp 89.31 billion in 1996.The company's president, R.
Mon, 12 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.
Mon, 12 Jan 1998
USDA aides to travel to Asia next week
USDA aides to travel to Asia next week WASHINGTON (Reuters): Top U.S. Agriculture Department officials will visit a number of financially-troubled Asian nations next week to get a first-hand view of current prospects for U.S. agricultural exports.
Mon, 12 Jan 1998
Games preparations behind schedule
Games preparations behind schedule BANGKOK (AFP): Several sports complexes being built in Bangkok for the 13th Asian Games in December have fallen behind schedule and may not be finished before the March deadline, reports said yesterday.
Mon, 12 Jan 1998
Solving monetary crisis
Solving monetary crisis Since mid-July 1997 our beloved country has been undergoing a monetary crisis. This crisis, which has come after a number of disasters, natural or otherwise, such as forest fires, air, sea and land transportation accidents, drought and starvation (in some parts of...
Mon, 12 Jan 1998
IMF applies inept conditions to Asia: Critics
IMF applies inept conditions to Asia: Critics HONG KONG (Reuters): Asian critics of the International Monetary Fund were gathering steam as the economic crisis intensified over the weekend, hitting out at conditions attached to aid packages that were not working.
Mon, 12 Jan 1998
Number of Indonesians traveling abroad rises
Number of Indonesians traveling abroad rises JAKARTA (JP): The number of Indonesians going abroad through Soekarno-Hatta International Airport rose to 98,000 in December from an average of 84,000 per month in the first half of last year, an official said over the weekend.
Mon, 12 Jan 1998
IMF team here to help defuse crisis
IMF team here to help defuse crisis JAKARTA (JP): A team from the International Monetary Fund (IMF) began talks with Indonesian economic ministers yesterday shortly after arriving here to help defuse the country's economic crisis.
Mon, 12 Jan 1998
U.S., IMF press Indonesia to reform amid Asian crisis
U.S., IMF press Indonesia to reform amid Asian crisis WASHINGTON (AFP): The United States and IMF redoubled pressure Friday on Indonesia to reform its troubled financial system as fears of a total economic collapse there sent global markets into a tailspin.
Mon, 12 Jan 1998
Why not a dialog?
Why not a dialog? The current economic crisis, which is becoming worse and worse by the day, is concerning not only the authorities but also people of all walks of life. The troubles look more critical considering the aging national leadership and the absence of a clear picture of how a change of...
Mon, 12 Jan 1998
Roadworks to commence
Roadworks to commence JAYAPURA, Irian Jaya: The National Development Planning Board (Bappenas) has allocated Rp 266.666 million to assist in infrastructure construction in the province."The funds will be allocated for projects in three districts, Jayawijaya, Merauke, and Puncak Jaya, all of which...
Mon, 12 Jan 1998
Official visits troubled Thai Binh
Official visits troubled Thai Binh HANOI (AFP): A member of Vietnam's ruling politburo has visited the troubled central province of Thai Binh, which was rocked by violent demonstrations last year, the official Nhan Dan newspaper reported yesterday.
Mon, 12 Jan 1998
Loggers cancel demonstration
Loggers cancel demonstration PANGKALAN BUN, C. Kalimantan: Thousands of traditional loggers here canceled Saturday their plan to stage a demonstration at the local legislative assembly building over the government policy on logging, Antara reported.
Mon, 12 Jan 1998
Backsliding on reforms 'could cause depression'
Backsliding on reforms 'could cause depression' JAKARTA (JP): Indonesia's most senior economist Sumitro Djojohadikusumo has warned that the country may plunge into a prolonged depression if economic and political reforms are not implemented firmly and consistently.
Mon, 12 Jan 1998
CPO policy shows 'inconsistency'
CPO policy shows 'inconsistency'By Johannes Simbolon JAKARTA (JP): The government's move to ban the export of all crude palm oil (CPO) products for three months, until March, to stabilize the price of cooking oil in the domestic market has drawn criticism from observers.
Mon, 12 Jan 1998
Megawati censures govt for immature political system
Megawati censures govt for immature political system JAKARTA (JP): Megawati Soekarnoputri, in her address commemorating the Indonesian Democratic Party's (PDI) 25th anniversary, censured the government for failing to develop an accountable political system which she said had crippled the growth of...
Mon, 12 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaMondayMaghrib 6:17 p.m.TuesdayImsak 4:15 a.m.Subuh 4:25 a.m.
Mon, 12 Jan 1998
IPTN to go ahead with passenger jet project
IPTN to go ahead with passenger jet project JAKARTA (JP): State aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) has said it will go ahead with its plan to build Indonesia's first passenger jet despite the current monetary crisis.
Mon, 12 Jan 1998
BI governor must be responsible
BI governor must be responsible One of The Jakarta Post's headlines on Dec. 30, 1997, was Ex BI directors formally charged. So far, only three of four removed directors have been questioned by police because the fourth one was still in Australia.
Mon, 12 Jan 1998
Austerity alone will not rescue Malaysia
Austerity alone will not rescue Malaysia When it first became clear last summer that no country in Southeast Asia was immune to the currency turmoil, economists and politicians in the region had a hard time grasping the true nature of the problem.
Mon, 12 Jan 1998
S. Koreans should remain wary despite debt progress
S. Koreans should remain wary despite debt progress SEOUL (Reuters): South Koreans should not let down their guard despite signs that the country's massive debt crisis may be easing, analysts said yesterday.
Mon, 12 Jan 1998
CalEnergy protests project cancellation
CalEnergy protests project cancellation JAKARTA (JP): The United States giant power company CalEnergy International protested yesterday the government's latest decision to put on hold its power project in Patuha, West Java.
Mon, 12 Jan 1998
Concrete measures
Concrete measures The Washington Post reported yesterday (Thursday) that an (unnamed) International Monetary Fund official had expressed his dissatisfaction over the economic reform measures taken by the Indonesian government.
Mon, 12 Jan 1998
Villagers protest election foul play
Villagers protest election foul play PATI, Central Java: Hundreds of villagers staged a rally in front of the local legislative council Friday in protest of alleged foul play during the recent election of a village chief, Antara reported.
Mon, 12 Jan 1998
Alleged hoodlum found dead
Alleged hoodlum found dead JAKARTA (JP): A notorious conman and hoodlum was found dead yesterday morning hanging from a set of parallel bars in a park in front of the private PSKD school complex in Melawai district, South Jakarta, police said.City Police spokesman Lt. Col. E.
Mon, 12 Jan 1998
U.S. support of Asia's economy faces Congress
U.S. support of Asia's economy faces Congress WASHINGTON (Reuters): The Clinton administration's support of international efforts to bail out Asia's ravaged economies will face a major test in Congress later this month, a senior Republican senator predicted on Saturday.
Mon, 12 Jan 1998
Amien, Gus Dur back Megawati's presidency bid
Amien, Gus Dur back Megawati's presidency bid JAKARTA (JP): Two prominent government critics supported yesterday Megawati Soekarnoputri's bid for presidency, lauding the bold move as a boost for democratization.
Mon, 12 Jan 1998
RI ADRs rebound on rupiah's rise
RI ADRs rebound on rupiah's rise NEW YORK (Reuters): American Depositary Receipts (ADRs) fell overall Friday on fears about Asian financial stability.Indonesian ADRs rebounded, buoyed by a rising currency despite a political and monetary crisis gripping the Southeast Asian nation.
Mon, 12 Jan 1998
Semanggi cloverleaf becomes greening symbol
Semanggi cloverleaf becomes greening symbol JAKARTA (JP): Governor Sutiyoso officially dedicated Saturday the Semanggi cloverleaf in South Jakarta as a symbol for the greening of the city.Sutiyoso said the city's greening program would be continued despite current monetary woes, but with some...
Mon, 12 Jan 1998
Polysindo's coating division
Polysindo's coating division JAKARTA (JP): Publicly listed PT Polysindo Eka Perkasa, Indonesia's largest integrated textile producer, announced Saturday a commissioning of its coating division for the manufacture of its waterproof fabrics and breathable fabrics.
Mon, 12 Jan 1998
Summers to meet S'pore PM
Summers to meet S'pore PM SINGAPORE (Reuters): U.S. Deputy Treasury Secretary Lawrence Summers will call on Singapore Prime Minister Goh Chok Tong early on Monday, a government statement said on Saturday.
Mon, 12 Jan 1998
Funds cut emerging market exposure
Funds cut emerging market exposure LONDON (Reuters): The continued deterioration in Asian financial markets is prompting a broad retreat from all emerging market stocks, London-based fund managers said on Friday.
Mon, 12 Jan 1998
New contraceptive pill promoted
New contraceptive pill promoted SEMARANG, Central Java: The Central Java provincial administration will promote a new contraceptive pill from the Netherlands to improve the family planing program in the province, Antara reported.
Mon, 12 Jan 1998
RI can resist tough IMF terms: Analyst
RI can resist tough IMF terms: Analyst JAKARTA (JP): Indonesia may well resist implementing some of the tough economic reforms sought by the International Monetary Fund (IMF) and the United States, a senior economist said Saturday.Indonesian technocrats could argue with the IMF team or with the U.S.
Mon, 12 Jan 1998
S&P cuts Indonesian IPP projects to 'BB'
S&P cuts Indonesian IPP projects to 'BB' NEW YORK (Reuters): Standard & Poor's Saturday lowered its ratings on Indonesian independent power producer (IPP) project bonds and bank loans to BB from BB-plus.This action affects the following ratings:-- Paiton Energy Funding B.V.
Mon, 12 Jan 1998
Satelindo's billing cycle
Satelindo's billing cycle JAKARTA (JP): PT Satelindo, operator of Global System for Mobile communications, announced Saturday it has changed its billing cycle.The company's customer care division head, Tommy Singgih, said the new billing cycle has been effective since January 1 this year.
Mon, 12 Jan 1998
Food producers warned not to cut supply stocks
Food producers warned not to cut supply stocks JAKARTA (JP): Minister of Trade and Industry Tunky Ariwibowo warned food producers Saturday not to hoard stocks and cut supply to the local market.The minister said that such an irresponsible act would not only worsen the already panicked market but...
Mon, 12 Jan 1998
Calm returns to stores after panic buying
Calm returns to stores after panic buying JAKARTA (JP): The significant strengthening of the rupiah and officials' massive news campaign on food stocks in the past few days has led many Jakartans to slowly stop hoarding.
Mon, 12 Jan 1998
PDI renews calls for bureaucratic reform
PDI renews calls for bureaucratic reform JAKARTA (JP): The government-recognized Indonesian Democratic Party (PDI) marked its 25th anniversary celebration over the weekend with a fresh call for bureaucratic reforms.
Mon, 12 Jan 1998
619 infected with HIV: Official
619 infected with HIV: Official JAKARTA (JP): The number of HIV/AIDS-infected people in Indonesia increased by 17 last month to 619, an official said.The health ministry's director general for contagious diseases control, Hadi M.
Mon, 12 Jan 1998
Sarwono says wuphemisms distort communication
Sarwono says wuphemisms distort communication JAKARTA (JP): The overuse of euphemisms in the Indonesian language has distorted communication between the government and the people, a minister has said.State Minister of Environment Sarwono Kusumaatmadja said on Friday that euphemisms, commonly used...
Mon, 12 Jan 1998
Coup unlikely for Indonesia: Fischer
Coup unlikely for Indonesia: Fischer SYDNEY (AFP): Acting Prime Minister Tim Fischer said he was confident Indonesia's economic crisis would not spark a military coup against President Soeharto's government, adding that Australia's closest Asian neighbor would recover.
Mon, 12 Jan 1998
Moody's cuts ratings of RI bonds and notes
Moody's cuts ratings of RI bonds and notes NEW YORK (AFP): Moody's Investors Service said Friday it has downgraded Indonesia's foreign currency country ceiling for bonds and notes to B2 from Ba1 and the foreign currency bank deposit ceiling from Caa1 from Baa3.The U.S.
Mon, 12 Jan 1998
Seven tons of firecrackers confiscated in operations
Seven tons of firecrackers confiscated in operations JAKARTA (JP): Seven tons of firecrackers have been confiscated in a series of operations since September in a bid to prevent irresponsible parties from using them, an official said Saturday.
Mon, 12 Jan 1998
Hundreds of apes face starvation
Hundreds of apes face starvation BANJARMASIN, South Kalimantan: Hundreds of bekantan (Nasalis larvatus) long-nosed monkeys at Kaget Island Zoo at the Barito River delta, Barito Kuala regency, are reportedly facing a food shortage.
Mon, 12 Jan 1998
Lampung's cassava for Irian Jaya
Lampung's cassava for Irian Jaya BANDAR LAMPUNG, Lampung: Newly elected Governor Oemarsono said the province was making preparations to send dried cassava and tiwul meal, also made of dried cassava, to drought-stricken people in Irian Jaya, Antara reported Friday.
Mon, 12 Jan 1998
'Love Rupiah' campaign gains support
'Love Rupiah' campaign gains support JAKARTA (JP): The campaign to restore confidence in the battered Indonesian currency is gaining momentum with groups of journalists, businesspeople and legislators pledging to exchange their U.S. dollars for rupiah.