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Tue, 27 Jan 1998
Sabah braces for drought
Sabah braces for drought KUALA LUMPUR (DPA): Authorities in Malaysia's Sabah state on Borneo island forecast a potential drought as a result of a prolonged dry season brought on by the weather phenomenon known as El Nino, a newspaper said yesterday.
Tue, 27 Jan 1998
Idul Fitri may fall on different dates: MUI
Idul Fitri may fall on different dates: MUI JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) has acknowledged the possibility of Indonesian Moslems celebrating Idul Fitri on different days, and called on the government to guarantee peaceful observance.
Tue, 27 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesdayMaghrib 6:19 p.m.WednesdayImsak 4:23 a.m.Subuh 4:33 a.m.
Tue, 27 Jan 1998
Tofu, tempeh business not full of beans
Tofu, tempeh business not full of beansBy Kafil Yamin BANDUNG (JP): Lilis Syarifah had just returned from school when she reopened her father's small tofu factory. But the 19- year-old would only serve those who came to her mill in Cibuntu, one of the tofu producing centers in Bandung.
Tue, 27 Jan 1998
Causes of the crisis
Causes of the crisis Now that Indonesia is experiencing an economic meltdown, it may be more than instructive to look at what caused it.Unlike the IMF, I do not think poor fiscal and monetary policies and market imperfections were the prime causes.
Tue, 27 Jan 1998
Man detained for stabbing his neighbor
Man detained for stabbing his neighbor JAKARTA (JP): A 40-year-old scavenger was fatally stabbed by two men after breaking up a minor argument involving the suspects' younger brother in Central Jakarta yesterday afternoon.
Tue, 27 Jan 1998
Bakrie trims Iran stake
Bakrie trims Iran stake NICOSIA (Reuters): Canada's Bow Valley Energy Ltd, planning a buy-back contract to develop an Iranian oilfield, has been told by its Indonesian partner that it would no longer be able to finance the project as planned, the Middle East Economic Survey (MEES) reported on...
Tue, 27 Jan 1998
Govt warns of possible return of forest fires
Govt warns of possible return of forest fires JAKARTA (JP): The government is on alert again for the possible return of brush and forest fires in Kalimantan and Sumatra, following a particularly dry week which has seen little rain fall in the area.
Tue, 27 Jan 1998
Teenagers arrested for fatal attack
Teenagers arrested for fatal attack JAKARTA (JP): Three teenagers have been arrested for allegedly beating a youth to death in Kembangan district, West Jakarta, city police spokesman Lt. Col. E. Aritonang said yesterday.Aritonang identified the three as Topan Bin Samari, 19, M.
Tue, 27 Jan 1998
RI turns to Australia on trade problems
RI turns to Australia on trade problems JAKARTA (JP): President Soeharto has asked Australia to help resolve Indonesia's trading problems by issuing an export credit guarantee for the country because many foreign banks, including Australian ones, have rejected its Letters of Credit (L/C).
Tue, 27 Jan 1998
Political reforms 'must lead to a cleaner govt'
Political reforms 'must lead to a cleaner govt' JAKARTA (JP): In a hearing with members of the dominant Golkar faction, the Indonesian Legal Aid and Human Rights Association said nothing short of political reform toward a more democratic system would lift the country out of its current doldrums.
Tue, 27 Jan 1998
Hidden motive behind rupiah free-fall
Hidden motive behind rupiah free-fall Despite the government's announcement of reforms last week, the rupiah's value has continued to fall. Economist Kwik Kian Gie attempts to find out why. JAKARTA (JP): The Council for Economic and Monetary Resilience headed by President Soeharto has enacted...
Tue, 27 Jan 1998
Govt gives ISO 9000 to SMEs
Govt gives ISO 9000 to SMEs JAKARTA (JP): The Minister of Industry and Trade presented ISO 9000 certificates to 56 small, medium and large scale businesses yesterday.The certificates were presented by the ministry's secretary- general, Aidil Juzar, and the Minister of Cooperation and Small...
Tue, 27 Jan 1998
Shaman serial killer's story to become film
Shaman serial killer's story to become film JAKARTA (JP): The infamous North Sumatran shaman being tried for killing 42 women, Achmad Suraji alias Nasib Kelewang, will soon get his chance at stardom now that his life and alleged heinous crimes have been made into a movie.
Tue, 27 Jan 1998
23 die of dengue in South Sumatra
23 die of dengue in South Sumatra PALEMBANG, South Sumatra: At least 23 people have died in South Sumatra of dengue fever during the first month of the year, according to a local health official.The head of the South Sumatra office of the health ministry, Deddy Ruswendi, was quoted by Antara as...
Tue, 27 Jan 1998
Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim)
Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 26, 1998: Buying Selling Rp Rp U.S. dollar 1 12,250.00 15,250.00Austrian shilling 1 1,035.90 1,371.30Australian dollar 1 9,031.50 11,154.00Belgian franc 1 369.00 454.00Canadian dollar 1 9,278.40 11,402.
Tue, 27 Jan 1998
Military officials donate money and gold to help government
Military officials donate money and gold to help government JAKARTA (JP): Hundreds of high-ranking military officers joined the "Love Rupiah" campaign yesterday, donating money and gold to help the government overcome the monetary crisis.
Tue, 27 Jan 1998
Higher electricity tariff base studied
Higher electricity tariff base studied JAKARTA (JP): The Ministry of Mines and Energy is studying the possibility of increasing the electricity tariff base following the rupiah's sharp depreciation against the U.S. dollar, an official has said.
Tue, 27 Jan 1998
Farmers, coops told to coordinate clove trading
Farmers, coops told to coordinate clove trading JAKARTA (JP): Farmers and cooperatives are expected to coordinate clove trading after the Clove Marketing and Buffer Stock Agency (BPPC) pulls out from the commodity's trading in July this year, a senior official says.
Tue, 27 Jan 1998
People get more confused
People get more confusedFrom MerdekaIn the last few days, stickers have been made bearing the slogan "I love Rupiah".This confuses me since I cannot see who actually does not love rupiah. Without exception, common people like me, accounting for over 98 percent of the population, love rupiah...
Tue, 27 Jan 1998
Govt abolishes plywood cartel
Govt abolishes plywood cartel JAKARTA (JP): Wood processing companies are rejoicing over the dismantling of the plywood cartel within the Indonesian Wood Panel Association (Apkindo) as they will be able to deal directly with buyers overseas starting Feb. 2.
Tue, 27 Jan 1998
Rp 1.8 trillion allocated to ease unemployment
Rp 1.8 trillion allocated to ease unemployment JAKARTA (JP): The government has allocated Rp 1.8 trillion (US$138 million) in the draft 1998/1999 state budget for labor- intensive projects designed to ease the worsening unemployment crisis, a minister said yesterday.
Tue, 27 Jan 1998
Vietnam coffee out of market
Vietnam coffee out of market SINGAPORE (Reuters): Vietnam robusta exporters were out of the Asian coffee market on Monday at the start of the Tet Lunar New Year holidays in their country, dealers said.But small-lot selling of Thai and Indonesian origins were seen in an otherwise lethargic market,...
Tue, 27 Jan 1998
Holidays keeps rubber trade quiet
Holidays keeps rubber trade quiet SINGAPORE (Reuters): The Southeast Asian rubber market will be quiet this week because of the Lunar New Year and Moslem Eid al- Fitr holidays in several key rubber-producing countries, dealers said on Monday.
Tue, 27 Jan 1998
Lampung has new governor
Lampung has new governor BANDAR LAMPUNG, Lampung: Minister of Home Affairs Moch. Yogie SM installed yesterday Oemarsono as Lampung governor replacing Lt. Gen. (ret.) Poedjono Pranyoto who ended his tenure after serving two consecutive terms.
Tue, 27 Jan 1998
Intervention props up rupiah to 12,250 against greenback
Intervention props up rupiah to 12,250 against greenback JAKARTA (JP): The rupiah enjoyed a comparative respite yesterday, closing at 12,250 against the American dollar, amid fears of a possible corporate debt moratorium.
Tue, 27 Jan 1998
Economic woes and the need for political reform
Economic woes and the need for political reformBy Hendardi JAKARTA (JP): Economic interest and programs have given the New and Old Order governments different political characters.When it came to power in the latter half of the 1960s, the New Order government claimed to be committed to pursuing...
Mon, 26 Jan 1998
Business gloomy in Tanah Abang market
Business gloomy in Tanah Abang market JAKARTA (JP): Business is not as usual at the Tanah Abang market, one of the city's biggest centers for garments and textiles in Central Jakarta, in the lead-up to this year's Idul Fitri.
Mon, 26 Jan 1998
Asian airlines slash fares to boost outbound travel
Asian airlines slash fares to boost outbound travel SINGAPORE (Reuters): Some airlines in Asia have slashed fares to boost outbound travel, anticipating tougher times when this month's holiday mood evaporates, airline officials said.
Mon, 26 Jan 1998
Free motor oil for travelers
Free motor oil for travelers SEMARANG, Central Java: The Central Java branch of the state- owned oil company PT Pertamina will give free motor oil from Jan. 23 to Feb. 7 to the lucky owners of certain vehicles passing certain gas stations in the province.Local official F.
Mon, 26 Jan 1998
Insurance firms must merge to boost capacities
Insurance firms must merge to boost capacities JAKARTA (JP): Indonesian insurance companies should follow the banking industry's merger move to boost their underwriting capacities, a senior insurance executive has said.Insurance council chairman Moenir B.
Mon, 26 Jan 1998
Radio stations feel the pinch of crisis
Radio stations feel the pinch of crisis YOGYAKARTA (JP): Following in the footsteps of the print and television media, private radio stations are now beginning to feel the pinch of the monetary crisis with advertising revenue declining by as much as 60 percent.
Mon, 26 Jan 1998
Proud to be part of RI's success story
Proud to be part of RI's success story Indonesia is the closest neighbor to Australia compared to other ASEAN countries and has become one of the most attractive markets for Australia.The trade relationship between the two countries has been growing considerably over the past few years.
Mon, 26 Jan 1998
PLN's rating lowered as crisis goes on
PLN's rating lowered as crisis goes on JAKARTA (JP): The country's sole rating agency, Pefindo, has downgraded the rating of state-owned electricity company PLN's bonds from AA+ to AA- with a negative outlook as the current monetary crisis is severely affecting the company's financial performance.
Mon, 26 Jan 1998
IMF must share responsibility
IMF must share responsibility It has been more than seven days since the Indonesian government signed a letter of intent with the International Monetary Fund. At that time, people hoped that the crisis would soon end, or at the very least, that the value of the dollar would stop skyrocketing.
Mon, 26 Jan 1998
Queensland and RI: Long-term partners
Queensland and RI: Long-term partners The state of Queensland in Australia enjoys a long-term partnership with Indonesia that endures despite the rise and fall of economic fortunes in our region.Present economic difficulties have not dulled the appetite of Queensland companies to seek out...
Mon, 26 Jan 1998
The risk and reward of being an amateur currency trader
The risk and reward of being an amateur currency traderBy Tedy Novan YOGYAKARTA (JP): Yogyakarta's money changers are seeing newcomers in currency trading. Busy sites include PT Baruman Abadi at Hotel Garuda, Bank Dagang Negara and Bank BNI.
Mon, 26 Jan 1998
Do not stop with dollars
Do not stop with dollarsFrom NeracaThe "Love rupiah" campaign has become a trend setter. Within one week after Mrs. Siti Hardiyanti Rukmana exchanged dollars for rupiah, government officials, business tycoons and the rich in general have gone to the banks to follow suit.
Mon, 26 Jan 1998
KWI urges Catholics to pray for President
KWI urges Catholics to pray for President JAKARTA (JP): The Indonesian Bishops Conference (KWI) has urged Catholics to pray for the President and the government to be given clarity of thought and strength when taking tough decisions to lift the country out of its economic doldrums.
Mon, 26 Jan 1998
Bank Dharmala's rating cut
Bank Dharmala's rating cut JAKARTA (JP): The country's only rating agency, PT Pemeringkat Efek Indonesia (Pefindo), announced Saturday that it had lowered the corporate rating of the publicly listed Bank Dharmala to idBBB- from idBBB+, with a negative outlook.
Mon, 26 Jan 1998
Battered rupiah remains a barrier to stock trading
Battered rupiah remains a barrier to stock trading JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to further weaken this week due to continued uncertainty over the battered rupiah.
Mon, 26 Jan 1998
More judges needed in Padang
More judges needed in Padang PADANG, West Sumatra: The chief justice at Padang State Administrative Court, Suparno, said the area was still in desperate need of judges."The Padang court only has 10 judges who are divided into four committees, while the minimum is 15 judges for five committees,"...
Mon, 26 Jan 1998
Medan airport authorities seize Rp 271 million
Medan airport authorities seize Rp 271 million MEDAN, North Sumatra (JP): Security officials at Medan's Polonia airport seized Rp 271 million from six separate passengers leaving for Singapore Saturday, because they allegedly broke a 34-year-old law prohibiting people from carrying more than Rp...
Mon, 26 Jan 1998
Reforms not seen hurting dairy producers
Reforms not seen hurting dairy producers JAKARTA (JP): The government's recent decision to liberalize the import of dairy products will not pose a major problem to local producers, a senior official said.
Mon, 26 Jan 1998
Asia feels the bite of higher interest rates
Asia feels the bite of higher interest rates SINGAPORE (AFP): Asian nations embroiled in financial turmoil are struggling against interest rates pushed sharply higher to defend their currencies, but which are taking a toll on their economies.
Mon, 26 Jan 1998
RI's budget aside, investors await bank plan
RI's budget aside, investors await bank plan NEW YORK (Reuters): U.S. investors on Friday shrugged off the Indonesian government's revised budget and waited for it to announce programs to deal with Indonesia's banking sector difficulties.
Mon, 26 Jan 1998
Assembly reluctant to make changes
Assembly reluctant to make changesBy Dwi Atmanta JAKARTA (JP): Two months of deliberation in the People's Consultative Assembly concluded last week with an inevitable resolution that silenced calls for a political overhaul.
Mon, 26 Jan 1998
Challenges facing the MPR
Challenges facing the MPR In just little more than a month Indonesia's highest lawmaking institution, the People's Consultative Assembly (MPR), will begin its 10-day general assembly to deliberate topics and policies that may have the most far-reaching consequences for this country.
Mon, 26 Jan 1998
The Asian crisis: Towards democracy?
The Asian crisis: Towards democracy?By Gwynne Dyer This is the last in a three-part series of articles examining the economic, social, and political implications of the crisis that began in Asia and now threatens to involve the entire world.
Mon, 26 Jan 1998
Corpse gets a free ride
Corpse gets a free ride JAKARTA (JP): A North Sulawesi teacher moonlighting as an ojek (motorcycle taxi) driver came home a hero after he took a corpse on a 150-kilometer, midnight journey through a jungle.