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Fri, 09 Jan 1998
PT Kujang books profit
PT Kujang books profit JAKARTA (JP): State fertilizer firm PT Pupuk Kujang posted Rp 87 billion (US$11.6 million) in profit last year, company president Edi Madnawidjaja said yesterday.Edi said Pupuk Kujang produced 600,769 tons of urea fertilizer last year, slightly above 596,425 tons in 1996.
Fri, 09 Jan 1998
Money matters can deal marriage a harsh blow
Money matters can deal marriage a harsh blowBy Mochtar Buchori JAKARTA (JP): Is it really hard for the fabulously rich to preserve their marriage? Is it harder for them to preserve their marriage than for ordinary people who do not feel the power of money?These questions came to my mind after...
Fri, 09 Jan 1998
S. Korean Kim vows to stick to IMF terms
S. Korean Kim vows to stick to IMF terms SEOUL (AFP): South Korean president-elect Kim Dae-jung pledged yesterday to stick to a harsh International Monetary Fund (IMF) prescription and called for help in hauling South Korea out of its financial crisis.
Fri, 09 Jan 1998
S'pore to maintain defense spending
S'pore to maintain defense spending SINGAPORE (AFP): Singapore will not slash defense spending despite an economic slowdown due to financial turmoil sweeping through the region, news reports said yesterday.
Fri, 09 Jan 1998
RI needs to restore political system
RI needs to restore political system Calls for political reform have come out loud and clear as the country sinks deeper into economic crisis. Social scientist Arbi Sanit, of the University of Indonesia, shares his view on this issue.
Fri, 09 Jan 1998
Thamrin project to start in April
Thamrin project to start in April JAKARTA (JP): The city administration is scheduled to start the Thamrin Walk project along Jl. Thamrin, Central Jakarta, in April, deputy governor of development affairs Tb. M. Rais said on Wednesday.
Fri, 09 Jan 1998
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * An underdeveloped sense of irony prevents many Indonesian learners of English from appreciating subtleties of discourse.
Fri, 09 Jan 1998
Asian currencies tremble on rupiah's fall
Asian currencies tremble on rupiah's fall SINGAPORE (Reuters): Asia's battered currencies trembled yesterday as unfounded rumors swirled about the political situation in Indonesia.Dealers said social unrest could not be ruled out in Indonesia as the rupiah plunged 18 percent to a record low of...
Fri, 09 Jan 1998
PAL may cancel jet order
PAL may cancel jet order MANILA (AFP): Philippine Airlines (PAL) is planning to cancel its order for four Boeing 747-400 jets due to high interest rates and the currency crisis sweeping the region, a business newspaper reported yesterday.
Fri, 09 Jan 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 TV Drama: Senyum Buat Hari Esok 6:00 News: Lintasan Berita 6:05...
Fri, 09 Jan 1998
Reduction of expat workers sought
Reduction of expat workers sought JAKARTA (JP): Legislators are calling on the government to selectively reduce the number of foreign workers in Indonesia to help reduce the burdens on the troubled national economy."Expatriate workers, mostly paid in U.S.
Thu, 08 Jan 1998
SE Asia slow to use USDA export credit
SE Asia slow to use USDA export credit WASHINGTON (Reuters): Southeast Asian nations - with the exception of Thailand - have been slow to use existing export credit guarantees to buy U.S. farm goods, despite the U.S. Agriculture Department's recent decision to more than double their allocation.
Thu, 08 Jan 1998
Govt bans exports of CPO products
Govt bans exports of CPO products JAKARTA (JP): The government moved further to stabilize cooking oil prices by prohibiting the export of all commodities derived from crude palm oil (CPO), including those not consumed locally, starting yesterday.
Thu, 08 Jan 1998
RP battles to save its peso and economy
RP battles to save its peso and economy MANILA (Reuters): The Philippines said yesterday it planned to slash government spending and seek money from abroad as its currency fell to a new low and stocks tumbled.
Thu, 08 Jan 1998
No end to gloom in Asian stock markets
No end to gloom in Asian stock markets SINGAPORE (AFP): Asian bourses plummeted yesterday on the back of sliding regional currencies which deepened the gloom hanging over financial markets.Stocks in Hong Kong fell 5.9 percent, Singapore 4.9 percent, Kuala Lumpur 0.9 percent, Sydney 1.
Thu, 08 Jan 1998
BNI seeks best arrangement in its takeover plan of BTN
BNI seeks best arrangement in its takeover plan of BTN JAKARTA (JP): Bank Negara Indonesia (BNI) is still studying the best financial arrangement in its takeover of Bank Tabungan Negara (BTN), BNI president Widigdo Sukarman said yesterday.
Thu, 08 Jan 1998
Lightning kills mother, daughter
Lightning kills mother, daughter TEGAL, Central Java: An elderly woman and her daughter were killed by lightning as they were preparing their morning meal yesterday.Antara quoted the police as saying that Tjasiah, 70, and her 27-year-old daughter, Djuharoh, residents of Danasari village, were...
Thu, 08 Jan 1998
Asian-crisis spillover effect on European increasing
Asian-crisis spillover effect on European increasing PARIS (AFP): The Asian economic crisis is having an increasing effect on European businesses as Asian companies scale down their ambitions in Europe and because many firms fear increased competition from Asian exports.U.S.
Thu, 08 Jan 1998
The year of reform
The year of reform Ismail Hasan Metareum could not have put the arguments for thorough political reform better than anyone else. His position as chairman of the United Development Party (PPP), the larger of the two minority parties, makes him an ideal candidate to carry the reform torch.
Thu, 08 Jan 1998
Draft state budget on the right track
Draft state budget on the right track On the whole, the draft state budget reflects the government's concern over the present protracted crisis. Still, the government remains confident that it can finance the strategies, even though it will have to resort to funds derived from foreign aid.
Thu, 08 Jan 1998
Security plan 'must protect rights'
Security plan 'must protect rights' JAKARTA (JP): Human rights activists expressed their alarm at the implications of human rights protection of the Armed Forces' stern plans to crack down on possible disturbances during March's plenary meeting of the People's Consultative Assembly (MPR).
Thu, 08 Jan 1998
Bank Niaga opens new offices
Bank Niaga opens new offices JAKARTA (JP): Publicly listed Bank Niaga has expanded its banking network by adding three more offices in Jakarta since December last year, according to the company.According to a report yesterday, Bank Niaga has added one branch office in Gedung Sarana Jaya, Central...
Thu, 08 Jan 1998
RI to participate in 22 events as planned in Bangkok
RI to participate in 22 events as planned in Bangkok JAKARTA (JP): The National Sports Council chairman Wismoyo Arismunandar said yesterday the council had not changed its mind about sending athletes from 22 sports to compete in the 13th Asian Games in Bangkok in December.
Thu, 08 Jan 1998
Rupiah's drop saddens many, benefits some
Rupiah's drop saddens many, benefits some JAKARTA (JP): The rupiah's downfall has delighted some Jakartans, especially those who are paid or have deposits in U.S. dollars.But the weakening of the rupiah (from Rp 2,300 in June to over Rp 8,150 against the U.S.
Thu, 08 Jan 1998
Megawati 'not allowed' to hold PDI ceremony
Megawati 'not allowed' to hold PDI ceremony JAKARTA (JP): City Police spokesman Lt. Col. E. Aritonang said yesterday that his office would not let ousted Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri hold a celebration of the party's 15th anniversary.
Thu, 08 Jan 1998
Export of footwear may keep declining
Export of footwear may keep declining JAKARTA (JP): Export of footwear products would not reach its target unless the government lent it a hand in reducing transactional costs, an executive said yesterday.The chairman of the Association of Footwear Producers, Anton J.
Thu, 08 Jan 1998
Government urged to go all-out to stabilize rupiah
Government urged to go all-out to stabilize rupiah JAKARTA (JP): Legislators and business leaders urged the government yesterday to go all out in stabilizing the rupiah's exchange rate at Rp 4,000 to the U.S. dollar this year to help Indonesia's ailing economy.
Thu, 08 Jan 1998
Govt vows to continue food relief operation to Irian
Govt vows to continue food relief operation to Irian JAKARTA (JP): The government will continue its food-relief operation and supply more cassava flour to the drought-hit regencies in Irian Jaya, Minister of Social Services Inten Suweno said yesterday.
Thu, 08 Jan 1998
Hyundai Group shelves giant steel plant project
Hyundai Group shelves giant steel plant project SEOUL (AFP): South Korea's giant Hyundai Group said yesterday that it had put a US$6 billion steel project on ice, citing economic retrenchment required in return for the country's massive International Monetary Fund (IMF) bailout.
Thu, 08 Jan 1998
State budget's power to boost economy limited
State budget's power to boost economy limited The government has unveiled the 1998/1999 draft state budget amounting to Rp 133.49 trillion (US$33.3 billion based on a rate of Rp 4,000 to the dollar) or an increase of 32.1 percent from the current budget.
Thu, 08 Jan 1998
U.S. farm exports to Asia may fall further
U.S. farm exports to Asia may fall further CHICAGO (Reuters): U.S. agriculture exports to Southeast Asia this fiscal year may drop by more than the US$500 million the U.S. Agriculture Department estimated last month, U.S. Agriculture Department Deputy Chief Economist Joseph Glauber said Tuesday.
Thu, 08 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaThursdayMaghrib 6.16 p.m.FridayImsak 4:13 a.m.Subuh 4.23 a.m.
Thu, 08 Jan 1998
Fuel prices must not increase amid crisis: Analysts
Fuel prices must not increase amid crisis: Analysts JAKARTA (JP): Analysts urged the government yesterday not to raise fuel prices until the current monetary crisis was over to prevent the country's economy from worsening.
Thu, 08 Jan 1998
Capital market dismal for new listings
Capital market dismal for new listingsBy Aloysius Unditu JAKARTA (JP): Nineteen ninety-seven has gone and 1998 has arrived. But a different year does not necessarily mean a positive change in the country's capital market.
Thu, 08 Jan 1998
Shipowners don't want rice on foreign ships
Shipowners don't want rice on foreign ships JAKARTA (JP): The Indonesian National Shipowners Association complained yesterday that most rice imports were carried by foreign-flagged vessels.Chairman Firdaus Wajdi said the association had filed a complaint with Minister of Transportation Haryanto...
Thu, 08 Jan 1998
Palm oil has good prospect
Palm oil has good prospect HAMBURG (Reuters): World palm oil prices are expected to rise sharply over the next three to four months in response to Indonesia's export ban, the independent Oil World newsletter said Tuesday.
Thu, 08 Jan 1998
Indonesian student found dead in S'pore
Indonesian student found dead in S'pore JAKARTA (JP): A 19-year-old Indonesian student was found dead Tuesday morning in a park in Woodlands, a new residential area in Singapore.An official at the Indonesian Embassy in Singapore said yesterday that evidence suggested that the deceased, Dini...
Thu, 08 Jan 1998
YKPK voices different opinion on Soeharto
YKPK voices different opinion on Soeharto JAKARTA (JP): A nationalist-oriented group, the National Brotherhood Foundation (YKPK), urged the People's Consultative Assembly yesterday not to renominate incumbent President Soeharto for the next presidential term.
Thu, 08 Jan 1998
Floods inundate thousands of homes
Floods inundate thousands of homes PADANG, West Sumatra: As many as 1,668 houses in seven villages of the 50 Kota regency were inundated by floods after incessant rain since Saturday, Antara reported.Regent Azis Haily said as many as 2,000 people have been evacuated from the worst-hit Kapur IX...
Thu, 08 Jan 1998
Economists call for action not words
Economists call for action not words YOGYAKARTA (JP): Economists called on the government yesterday to quit its rhetoric and immediately undertake concrete action to settle the monetary crisis.Two economists from the Gadjah Mada University, Anggito Abimanyu and Revrisond Baswir, said separately the...
Thu, 08 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, 08 Jan 1998
Badminton body wants 20 shuttlers in Asian Games
Badminton body wants 20 shuttlers in Asian Games JAKARTA (JP): The Indonesian Badminton Association asked the National Sports Council yesterday to send a letter to the Bangkok Asian Games Organizing Committee (BAGOC) to change the number of shuttlers allowed to compete in the quadrennial event in...
Thu, 08 Jan 1998
46 foreigners arrested last year for violations
46 foreigners arrested last year for violations JAKARTA (JP): The number of foreigners arrested for abusing immigration regulations increased to 46 last year from only 23 in the previous year, an officer said yesterday.Capt.
Thu, 08 Jan 1998
Six students undergo trial for killing
Six students undergo trial for killing JAKARTA (JP): A prosecutor asked the Central Jakarta District Court yesterday to sentence six junior high school students to between two and a half years and four and a half years in jail for killing a senior high school student.Prosecutor M.
Thu, 08 Jan 1998
Young business achievers
Young business achievers JAKARTA (JP): Publicly listed Bank NISP will sponsor the national selection for the World Young Business Achiever Award '98, an annual award for young executives with outstanding achievements worldwide, the bank said yesterday.
Thu, 08 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, 08 Jan 1998
Kia unveils survival strategy
Kia unveils survival strategy SEOUL (AFP): South Korea's insolvent Kia Motors Corp. yesterday unveiled an aggressive survival strategy for 1998 to increase total sales from 6.36 trillion won (US$3.53 billion) last year to 7.3 trillion won this year.
Thu, 08 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 7, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 500 0 0 Alter Abadi 425 -25 3,000 Alumindo Light Metal 325 0 553,000 Alumindo...
Thu, 08 Jan 1998
IMF's $100b Asian bailout targets in growing danger
IMF's $100b Asian bailout targets in growing danger LONDON (Reuters): Tough targets set by the IMF for more than US$100 billion of Asian bailouts were in growing jeopardy on Tuesday following a disappointing Indonesian budget, analysts said.
Thu, 08 Jan 1998
Medan newspapers on brink of bankruptcy
Medan newspapers on brink of bankruptcy MEDAN, North Sumatra (JP): Five weekly newspapers in Medan are on the brink of bankruptcy due to skyrocketing newsprint prices, a publisher said yesterday.Chairman of the provincial branch of the Association of Newspaper Publishers (SPS) Faudin Daulay said...