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Sat, 10 Jan 1998
Komatsu rules out plan of pulling out from Indonesia
Komatsu rules out plan of pulling out from Indonesia TOKYO (Reuters): Komatsu Ltd , a top Japanese maker of construction machinery, yesterday played down worries in the financial markets that the accelerating currency crisis in Asia would deal a heavy blow to its business.
Sat, 10 Jan 1998
Governor urges wealthy people to stop hoarding
Governor urges wealthy people to stop hoarding JAKARTA (JP): Governor Sutiyoso yesterday blamed upper- and middle-class Jakartans for helping spark Thursday's panic buying spree which has caused a scarcity of certain food commodities in the city.
Sat, 10 Jan 1998
Boral raises RI stake
Boral raises RI stake SYDNEY (Reuters): Building products group Boral Ltd said yesterday it had increased its share in Indonesian concrete company PT Jaya Readymix to 90 percent from 50 percent. Terms were not disclosed.
Fri, 09 Jan 1998
Inspection on Boeing 737s
Inspection on Boeing 737s WASHINGTON (AFP): The U.S. Federal Aviation Administration (FAA) is about to order the inspection of 185 Boeing 737s in the wake of last month's 737 crash in Indonesia, ABC television said Wednesday.
Fri, 09 Jan 1998
People told to suport economic rescue
People told to suport economic rescue JAKARTA (JP): Calls mounted yesterday for people to remain calm and take action to support the government's economic rescue package as the rupiah continued to dive to another low.
Fri, 09 Jan 1998
The role of vendors
The role of vendors The recent decision taken by the authorities in Bandung and Jakarta to allow roadside vendors to operate during certain hours of the day in officially designated areas is a wise one that should be welcomed, especially under the present difficult circumstances.
Fri, 09 Jan 1998
The Indonesian art of criticizing
The Indonesian art of criticizing A long time ago, back in 1967, the Attorney General held a friendly meeting with the late Mahbub Djunaedi, from the Indonesian Press Association, to discuss a very interesting topic -- criticism in the Indonesian press.
Fri, 09 Jan 1998
Indonesia downgraded, Thailand may be next
Indonesia downgraded, Thailand may be next LONDON (Reuters): Indonesia's long-term foreign currency rating was cut two notches yesterday, and Thailand appeared next in line as the Asian financial crisis deepened.
Fri, 09 Jan 1998
Press association calls for help
Press association calls for help MEDAN, North Sumatra: The North Sumatran chapter of the Association of Newspaper Publishers (SPS) is calling on the government to save five weekly newspapers here that are on the brink of bankruptcy due to the skyrocketing price of newsprint.
Fri, 09 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 8, 1998: Buying Selling Rp Rp U.S. dollar 9,000.00 9,900.00Austrian shilling 689.70 773.70Australian dollar 5,830.20 6,118.40Belgian franc 241.10 256.90Canadian dollar 6,424.10 6,705.
Fri, 09 Jan 1998
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.
Fri, 09 Jan 1998
Where to go in Bali:
Where to go in Bali:Exhibition * Painting Exhibition: Merekam Sejarah yang Menghilang, by Barbara Anello, at Le Meridien Nirwana Golf and Spa Resort, Jl. Raya Tanah Lot Kediri, Tabanan, 10 a.m. to 5 p.m., until Jan. 11.
Fri, 09 Jan 1998
Legislator dies of heart attack
Legislator dies of heart attack SURAKARTA, Central Java: Legislator Sentot Suwarsiman died of a heart attack just minutes after delivering a speech before the provincial legislative assembly Wednesday.Sentot, chief of the Indonesian Democratic Party faction at the Surakarta Legislative Assembly,...
Fri, 09 Jan 1998
Angry woman stabs husband
Angry woman stabs husband JAKARTA (JP): A woman was arrested in Central Jakarta yesterday for attempting to kill her husband, City Police spokesman Lt. Col. E. Aritonang.He said the woman, identified as Nuraida, 39, stabbed Rozali, 39, in the abdomen, chest and face with a knife following a quarrel...
Fri, 09 Jan 1998
No respite for Asian stock markets
No respite for Asian stock markets SINGAPORE (AFP): Asia-Pacific stock markets kept up their new- year plunge yesterday with no signs of a respite from the deepening regional financial crisis.Jakarta plunged 12 percent to a four-year low, Hong Kong 3.0 percent to a two-year low and Singapore 7.
Fri, 09 Jan 1998
Heavy rush seen at city's food markets
Heavy rush seen at city's food markets JAKARTA (JP): The rupiah's freefall to 10,200 against the U.S. dollar yesterday prompted crowds of shoppers to flock to markets throughout the city to purchase as many staple food items as they could.
Fri, 09 Jan 1998
French minister warns of possible Asian woes effect
French minister warns of possible Asian woes effect PARIS (AFP): There is still a risk of a "domino effect" on other economies from the Asian crisis and the G-7 is working "very hard" to limit the effects of the turmoil, French Finance Minister Dominique Strauss-Kahn said yesterday.
Fri, 09 Jan 1998
RP govt imposes national dress
RP govt imposes national dress MANILA (AFP): Filipinos working in government offices must wear national dress every Monday as part of celebrations of the centennial of the country's independence from Spain, the presidential palace said yesterday.
Fri, 09 Jan 1998
Bank Jakarta asks for adjournment, seeks settlement
Bank Jakarta asks for adjournment, seeks settlement JAKARTA (JP): The Jakarta State Administrative Court postponed the trial of Bank Jakarta's suit against Bank Indonesia yesterday, as the privately owned bank said it would try to seek an out of court settlement over its closure.
Fri, 09 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Atin Pekok Wj.'s Specialist Spontanism Artist, at Shang Palace Foyer, Shangri-La Hotel, Jl. Jend. Sudirman Kav.1, Central Jakarta, 9 a.m. to 10 p.m., until Jan. 11.
Fri, 09 Jan 1998
National Police gets new spokesman
National Police gets new spokesman JAKARTA (JP): National Police chief Gen. Dibyo Widodo inducted Brig. Gen. Da'i Bachtiar as the new spokesman to his office yesterday.Da'i, who formerly served under the chief on social and political affairs, replaced Brig. Gen.
Fri, 09 Jan 1998
Rupiah recovers after free fall against dollar
Rupiah recovers after free fall against dollar JAKARTA (JP): The rupiah finally broke the psychological 10,000 barrier against the U.S. dollar in Singapore yesterday after a series of new lows in the last several days.
Fri, 09 Jan 1998
RI gets loan from S. Korea
RI gets loan from S. Korea JAKARTA (JP): The South Korean government has agreed to provide 27.5 billion won (US$15.8 million) in a soft loan to support health facility development in Indonesia despite the monetary crisis in the country.
Fri, 09 Jan 1998
Yamaha may reduce RI staff
Yamaha may reduce RI staff TOKYO (Reuters): Yamaha Motor Co. Ltd. is considering firing 700 part-time employees at its Indonesian unit if market conditions deteriorate, Yamaha president Takehiko Hasegawa told a news conference yesterday.
Fri, 09 Jan 1998
Housewife hospitalized for killing
Housewife hospitalized for killing JAKARTA (JP): The West Jakarta District Court yesterday sentenced a housewife, tried on charges of torturing her maid to death, to one year of treatment at a psychiatric hospital.
Fri, 09 Jan 1998
Economists call for more concrete efforts to restore confidence
Economists call for more concrete efforts to restore confidence JAKARTA (JP): The loss of people's confidence in the government which has worsened the monetary crisis has to be restored by revamping the current government, economists said yesterday.
Fri, 09 Jan 1998
Rupiah's sharp fall 'temporary'
Rupiah's sharp fall 'temporary' JAKARTA (JP): The governor of Bank Indonesia, the central bank, J. Soedradjad Djiwandono, said yesterday that he was optimistic the rupiah's free fall was temporary.Soedradjad said the rupiah's sharp fall against the U.S.
Fri, 09 Jan 1998
Saba sells Indonesia property
Saba sells Indonesia property SANTA MARIA (Reuters): Saba Petroleum Co. said Wednesday it is looking for ways to raise shareholder value, including possible sale of a stake in its Jatiluhur Block in Indonesia.
Fri, 09 Jan 1998
Number of blood donors drops
Number of blood donors drops SURABAYA, East Java: The number of people donating blood at the Indonesian Red Cross office here has dropped by 65 percent in the first week of the fasting month, Antara reported yesterday."On normal days, there can be between 200 and 300 donors per day.
Fri, 09 Jan 1998
Oil traders fear further RI action
Oil traders fear further RI action LONDON (Reuters): Prices for coconut oil soared in Europe late on Wednesday as traders rushed to cover their requirements ahead of a possible ban of exports by Indonesia.
Fri, 09 Jan 1998
Quality quest for this year's marquee of local films
Quality quest for this year's marquee of local filmsBy Siti MB JAKARTA (Antara): Cautious optimism may be warranted for the local movie industry this year following production of several relatively good films in 1997.
Fri, 09 Jan 1998
ABRI hails national coalition proposal
ABRI hails national coalition proposal JAKARTA (JP): Armed Forces Chief of Sociopolitical Affairs, Lt. Gen. Yunus Yosfiah, said yesterday the proposed coalition for political reform would only be welcomed if it was aimed at securing the economy and not at creating instability.
Fri, 09 Jan 1998
Swimming body not affected by rupiah plunge
Swimming body not affected by rupiah plunge JAKARTA (JP): The rupiah downturn will not prevent the Indonesian Swimming Association from training their athletes in the United States.The association's swimming technical commission chairman, Lukman Niode, said after a meeting with the National Sports...
Fri, 09 Jan 1998
A collective effort to end the crisis
A collective effort to end the crisis Even though a reform plan has been announced by the President, the market has failed to respond in a positive manner. Rather, its reaction has been negative.The value of the rupiah has continued to decline, falling to a low of more than Rp 8,000 per U.S.
Fri, 09 Jan 1998
Nationalism is a hindrance
Nationalism is a hindranceBy Joe L. Spartz JAKARTA (JP): In the wake of a free-falling rupiah and vanishing stock market values, financial gurus and investment pundits are vying to explain the causes of the financial disaster.
Fri, 09 Jan 1998
Rice stock enough, says Bulog chief Beddu Amang
Rice stock enough, says Bulog chief Beddu Amang JAKARTA (JP): Chairman of the State Logistics Agency (Bulog) Beddu Amang called on the general public yesterday not to worry about the rice supply because the agency had enough stock for several months."The public doesn't need to worry.
Fri, 09 Jan 1998
Pack up your troubles and head to the movies
Pack up your troubles and head to the movies JAKARTA (JP): The charmed world of the movies, always safe refuge from our troubles, may be your ticket this weekend to brief escape from unrelenting gloom on the sliding rupiah.Red Corner. Cast: Richard Gere, Bai Ling, Bradley Whitford.
Fri, 09 Jan 1998
U.S. urges Indonesia to do more on reforms
U.S. urges Indonesia to do more on reforms WASHINGTON (Reuters): The United States, clearly worried about the course of Indonesia's economic program, said on Wednesday Jakarta should step up efforts to convince markets it was serious about IMF-sponsored reforms.U.S.
Fri, 09 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan.8, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 450 -50 12,500 Alter Abadi 325 -100 5,000 Alumindo Light Metal 300 -25 1,992,500...
Fri, 09 Jan 1998
Asian crisis may take bite out of U.S. exports
Asian crisis may take bite out of U.S. exportsBy Rob Lever WASHINGTON (AFP): U.S. agricultural exporters, facing the prospect of sharp declines in orders from Asia, are scrambling to avoid losing markets in countries affected by the region's financial turmoil.
Fri, 09 Jan 1998
City urged to speed up labor-intensive projects
City urged to speed up labor-intensive projects JAKARTA (JP): City councilors urged the municipality yesterday to speed up the implementation of its labor-intensive projects designed to ease the unemployment crisis which has gripped the city over the past few months.
Fri, 09 Jan 1998
Lampung gets new governor
Lampung gets new governor BANDAR LAMPUNG, Lampung: Oemarsono, 58, was elected Governor of Lampung for the 1998/2003 term yesterday in a tight contest which saw him defeat two other candidates -- Syamsuddin Zakaria and Rahmat Abdullah.
Fri, 09 Jan 1998
Only 22 listed companies remain healthy: Analyst
Only 22 listed companies remain healthy: Analyst JAKARTA (JP): Only 22 of 282 firms listed on the Jakarta Stock Exchange (JSX) are operating with sufficient cash flow, according to Pentasena Securities.
Fri, 09 Jan 1998
Alamsjah dies at age of 72
Alamsjah dies at age of 72 JAKARTA (JP): Former coordinating minister for people's welfare and minister of religious affairs Lt. Gen. (ret) Alamsjah Ratu Perwiranegara, died yesterday morning at the age of 72.
Fri, 09 Jan 1998
Megawati free to hold private functions: ABRI
Megawati free to hold private functions: ABRI JAKARTA (JP): The ousted Indonesian Democratic Party (PDI) leader, Megawati Soekarnoputri, is free to hold private functions as long as it does not assume the party's name, Armed Forces (ABRI) Chief of Sociopolitical Affairs Lt. Gen.
Fri, 09 Jan 1998
Dictionaries
Dictionaries My job requires me to use dictionaries a lot. My favorite English-Indonesian and Indonesian-English dictionaries, by John M. Echols and Hassan Shadily, are published by PT Gramedia. I also use Oxford Advanced Learner's Dictionary.
Fri, 09 Jan 1998
Indonesia has no plans to close embassies yet
Indonesia has no plans to close embassies yet JAKARTA (JP): The Ministry of Foreign Affairs so far has no plans to shut down any Indonesian representative office abroad but admits that the severe depreciation of the dollar will severely effect diplomatic activities.
Fri, 09 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaFridayMaghrib 6.16 p.m.SaturdayImsak 4:14 a.m.Subuh 4.24 a.m.
Fri, 09 Jan 1998
Govt expects Rp 740b from reforestation funds
Govt expects Rp 740b from reforestation funds JAKARTA (JP): The government had targeted to collect Rp 740 billion (US$87.5 million) in reforestation funds in fiscal 1998/1999, a minister said yesterday.
Fri, 09 Jan 1998
Police seeks S'pore murder probe results
Police seeks S'pore murder probe results JAKARTA (JP): Indonesian police have called on their counterparts in Singapore to provide them with the latest investigation results of the killing of an Indonesian student there early this week, an NCB-Interpol officer said.