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Sat, 24 Jan 1998
Effects of the U.S. presence in Asia
Effects of the U.S. presence in AsiaBy Sayidiman Suryohadiprojo JAKARTA (JP): During his visit to Southeast Asia this month, U.S. Secretary of Defense William Cohen stated firmly that the U.S. government had decided to maintain its military presence in East Asia.
Sat, 24 Jan 1998
Get real with the budget
Get real with the budget The revised government budget for the 1998/1999 fiscal year, as presented by Minister of Finance Mar'ie Muhammad to the House of Representatives yesterday, was much more realistic than the original draft presented by President Soeharto on Jan. 6.
Sat, 24 Jan 1998
RI may only send 8 sports to Asiad
RI may only send 8 sports to Asiad JAKARTA (JP): The National Sports Council has estimated that Indonesia is likely to be represented in only eight sports at the 13th Asian Games in Bangkok in December.The council's secretary-general, Rudolf S.
Sat, 24 Jan 1998
Economy ruined by corruption, collusion, Moslem ulemas say
Economy ruined by corruption, collusion, Moslem ulemas say JAKARTA (JP): The influential Indonesian Council of Ulema (MUI) said yesterday the country's economy has been severely undermined by chronic corruption and collusion practices.
Sat, 24 Jan 1998
Two men arrested for supplying 'ganja'
Two men arrested for supplying 'ganja' JAKARTA (JP): Two men wanted by police for their alleged involvement in a drug network were arrested at a hotel in Kramat Sentiong, Central Jakarta, with 17 kilograms of Aceh-grown ganja (marijuana) in their possession, police said yesterday.
Sat, 24 Jan 1998
Gold collection
Gold collectionFrom MerdekaConsidering the latest economic developments in the country, I admire the donation of two kilograms of gold by 200 ulemas to the government, especially since it made reverberations nationwide even though it was from a small group.
Sat, 24 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 23, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 525 -175 500 AHAP Insurance 350 -100 10,500 Alter Abadi 200 -100 20,000 Alumindo Light Metal 250 -25...
Sat, 24 Jan 1998
Simple ways can ensure smooth road home on Idul Fitri
Simple ways can ensure smooth road home on Idul FitriBy Christiani S.A. Tumelap JAKARTA (JP): Planning to join the exodus to hometowns this Idul Fitri holiday? Barring major calamities, simple precautions and a careful examination of alternate routes can remove some of the stress of the long road...
Sat, 24 Jan 1998
IMF defends Asia actions
IMF defends Asia actions WASHINGTON (Reuters): The International Monetary Fund defended its policies towards Asia's tiger economies on Thursday, saying that the costs would have been higher and the slowdown faster if the IMF had not got involved.
Sat, 24 Jan 1998
Alleged robbers die on the street for their crimes
Alleged robbers die on the street for their crimes JAKARTA (JP): Two suspected robbers were killed during separate incidents in West and North Jakarta on Thursday, police said.One of the suspects, M. Adnan, 21, was beaten to death by a crowd on Jl.
Sat, 24 Jan 1998
Agency cuts Indonesian bank ratings
Agency cuts Indonesian bank ratings NEW YORK (AFP): A U.S. agency on Thursday lowered its legal rating on 13 Indonesian banks that it said were severely undercapitalized because of a fall in the value of the rupiah, the national currency."Some are so short of U.S.
Sat, 24 Jan 1998
NZ warns exporters of perils of Indonesian trade
NZ warns exporters of perils of Indonesian trade WELLINGTON (Reuters): New Zealand is warning its exporters to be extra cautious in trading with Indonesia, and says the advice need not apply to Kiwis alone.
Sat, 24 Jan 1998
Fire spreads smoke over KL
Fire spreads smoke over KL KUALA LUMPUR (Reuters): A smoldering fire at a rubbish dump on the outskirts of Malaysia's capital yesterday spread a thick cloud of smoke over the city, residents said.A police spokeswoman told Reuters the blaze had broken out Thursday evening in the sprawling dump on...
Sat, 24 Jan 1998
Obstacles may slow down bank merger process
Obstacles may slow down bank merger process JAKARTA (JP): Indonesia's ambitious plan to speed up mergers in its troubled banking sector may not be going as smoothly as expected, analysts say.One of the hurdles, according to an analyst, could be the difficulty of assessing the share value of each...
Fri, 23 Jan 1998
Open letter to Mr. Camdessus
Open letter to Mr. Camdessus When you gave your media conference in Jakarta on Jan. 15, you expressed great elation and satisfaction with the letter of intent submitted by our government. Attaching great importance to the document, it was signed beyond normal international usage by no less than the...
Fri, 23 Jan 1998
Consortium established to build $6b power plant
Consortium established to build $6b power plant JAKARTA (JP): A consortium was formed here yesterday to develop a 5,000-megawatt (MW) power plant worth US$6 billion in Cirenti, Riau, to supply power to Malaysia.
Fri, 23 Jan 1998
Nigerian on drug charges may face death penalty
Nigerian on drug charges may face death penalty JAKARTA (JP): A 28-year-old Nigerian man may face the death penalty for selling 2.48 kilograms of heroin worth Rp 50 million (US$4,545).Prosecutor Agus Widodo asked Central Jakarta District Court yesterday to impose the penalty on Edhosa Aghahowa,...
Fri, 23 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 22, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 300 -25 5,000 Alumindo Light Metal 275 25 225,000 Alumindo...
Fri, 23 Jan 1998
PDAM Jaya to cut supply for 6 hours
PDAM Jaya to cut supply for 6 hours JAKARTA (JP): The city-owned water company, PDAM Jaya, will temporarily stop its supply to various areas in the city for six hours at 9 a.m. tomorrow.The company's director for techniques and production, Kris Tutuko, said the pause was needed for technicians to...
Fri, 23 Jan 1998
Food going cheap at police bazaar
Food going cheap at police bazaar JAKARTA (JP): City police are holding a two-day food bazaar, which finishes today, at their headquarters on Jl. Jend. Sudirman, South Jakarta.Jakarta Police spokesman Lt. Col. E.
Fri, 23 Jan 1998
Telkom cuts rates over Idul Fitri
Telkom cuts rates over Idul Fitri BANDUNG, West Java: State telecommunications company PT Telkom is giving a special discount on long distance calls during the Idul Fitri holiday.The company's communications vice president D.
Fri, 23 Jan 1998
Parties reject demand to name VP candidates
Parties reject demand to name VP candidates JAKARTA (JP): Indonesia's three political organizations cold- shouldered yesterday the growing calls that they name their vice presidential candidates now rather than wait until after the presidential election in March.
Fri, 23 Jan 1998
Japan's assistance to restore trust in LCs sought
Japan's assistance to restore trust in LCs sought JAKARTA (JP): President Soeharto asked a senior Japanese official yesterday to help restore trust in Indonesian letters of credit (LC).Minister/State Secretary Moerdiono said the rejection of Indonesian LCs by foreign banks, including those in...
Fri, 23 Jan 1998
ITB seeks solution to corporate debts
ITB seeks solution to corporate debts JAKARTA (JP): The 34,000-strong alumni association of the Bandung Institute of Technology (ITB) called on the government yesterday to set up a team to resolve the corporate debt problem.
Fri, 23 Jan 1998
Subdistrict heads go to court
Subdistrict heads go to court TANGERANG (JP): The incumbent head of Batu Ceper subdistrict and his predecessor will be tried in the local district court on charges of illegally selling 12.4 hectares of state land, an official said yesterday.
Fri, 23 Jan 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.
Fri, 23 Jan 1998
Asian currencies shudder as Indonesian rupiah crumbles
Asian currencies shudder as Indonesian rupiah crumbles SINGAPORE (Reuters): The Indonesian rupiah broke down on yesterday amid mounting jitters about the country's debt crisis, a mere week after a package of stiff new IMF-led reforms sparked hopes of real change.
Fri, 23 Jan 1998
Hayono wants sports bodies to evaluate athletes' form
Hayono wants sports bodies to evaluate athletes' form JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman has urged sports organizations which are unlikely to win medals at the 13th Asian Games in Bangkok in December to evaluate their athletes' form before the National Sports...
Fri, 23 Jan 1998
How to love one's country in a time of crisis
How to love one's country in a time of crisisBy Goenawan Mohamad With the current monetary and economic crisis continuing unabated, what would be the most appropriate stance for Indonesians to take? Intellectual, poet and former newsmagazine editor Goenawan Mohamad offers his view on the question.
Fri, 23 Jan 1998
Car market battered by rupiah's free fall
Car market battered by rupiah's free fall JAKARTA (JP): The rupiah's free fall against the U.S. dollar has created new uncertainty among local car dealers, prompting some to impose unfixed prices and some to halt sales activities altogether.
Fri, 23 Jan 1998
Bombmakers will not get off lightly, Sjafrie warns
Bombmakers will not get off lightly, Sjafrie warns JAKARTA (JP): City military commander Maj. Gen. Sjafrie Sjamsoeddin said yesterday that suspects in Sunday's bomb blast in Tanah Tinggi could face the death penalty or life in prison for illegally possessing, producing and using explosives.
Fri, 23 Jan 1998
Just in time
Just in time Although no one has presented the present economic situation in this perspective, I believe that the crisis is spelling the end to Asia's soga shosa-led capitalism. Soga-shosa refers to Japanese trading companies.
Fri, 23 Jan 1998
VISITING GORO FAIR:
VISITING GORO FAIR:JP/alx President Soeharto (second right) inspected a fair held at the Goro wholesale center yesterday evening where the food stalls use coal briquettes to cook food."Using briquettes is cheaper than using gas or kerosene Pak," said food stall owner Ibu Moer.
Fri, 23 Jan 1998
'Awani Dream 2' stops cruising as crisis hits
'Awani Dream 2' stops cruising as crisis hits JAKARTA (JP): The domestic operations of passenger liner Awani Dream 2, owned by PT Awani Modern Indonesia, have run aground on the country's ailing economy and uncertainty over the rupiah's value.
Fri, 23 Jan 1998
'Insecure parking'
'Insecure parking' At 6:30 p.m. on Jan. 5, I parked my car in the basement parking lot of Plaza Indonesia. When I returned 30 minutes later, I found my car had been broken into. The front right door lock was damaged and my briefcase containing important documents was stolen.
Fri, 23 Jan 1998
Minimum wage hike hangs in the balance
Minimum wage hike hangs in the balance JAKARTA (JP): The decision to raise worker's minimum wage continues to hang in the balance as the government further defers the decision due to the worsening economic crisis.
Fri, 23 Jan 1998
RI plan won't work, 'agreement needed'
RI plan won't work, 'agreement needed' LONDON (Reuters): Indonesia's strategy to solve its private- sector debt crisis will not work in its current form, a senior Western banker said on Wednesday after meeting with a government debt negotiator.
Fri, 23 Jan 1998
Rupiah should strengthen: Camdessus
Rupiah should strengthen: Camdessus BRUSSELS (Reuters): The head of the International Monetary Fund said on Wednesday that the battered Indonesian rupiah should strengthen.But he said that the recovery would take time.
Fri, 23 Jan 1998
RI seeks help from Japan
RI seeks help from Japan JAKARTA (JP): President Soeharto has asked Japan to use its influence to help resolve Indonesian corporate foreign debt, which caused the rupiah to crash to almost 17,000 to the U.S. dollar yesterday.
Fri, 23 Jan 1998
Rupiah's freefall spooks Asian bourses
Rupiah's freefall spooks Asian bourses TOKYO (AFP): Asia-Pacific stock markets dipped yesterday, spooked by the freefall of the Indonesian rupiah which deepened regional economic gloom and worries over corporate health.
Fri, 23 Jan 1998
Nadya best presenter in ATV Awards
Nadya best presenter in ATV Awards JAKARTA (JP): MTV veejay Nadya Hutagalung walked off with the honors as best light entertainment presenter at the 1997 Asian Television Awards in Singapore Tuesday.She sidestepped last year's winner, Diana Ser of Television Corporation of Singapore, and Channel...
Fri, 23 Jan 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Mercure Grand Hotel, Jl. Raya Kupang Indah: Pasar Senggol with traditional music - keroncong or langgam, every Wednesday night. * Hyatt Regency Surabaya, Jl. Jend.
Fri, 23 Jan 1998
Apkindo chief denies business cartel charge
Apkindo chief denies business cartel charge JAKARTA (JP): The Association of Indonesian Wood Panel Producers (Apkindo) denied that it had been operating as a business cartel."Apkindo is not a cartel. The association does not fix prices and export quotas, we just provide price and market information...
Fri, 23 Jan 1998
KL Moslems pose as Chinese
KL Moslems pose as Chinese KUALA LUMPUR (DPA): Moslems in Malaysia are resorting to speaking in Chinese or reading Chinese newspapers to avoid arrest by Islamic authorities for eating in restaurants during the fasting month of Ramadhan, a news report said yesterday.
Fri, 23 Jan 1998
Indonesians must have confidence
Indonesians must have confidence I am a foreigner and have lived here for two and a half years with my family. I want to convey to all Indonesians that you have a really beautiful country and you are indeed a beautiful people. You have a wide diversity of culture that is colorful and meaningful.
Fri, 23 Jan 1998
Can half a program succeed?
Can half a program succeed? With the IMF aid package for Indonesia in place, why is the current financial crisis deepening? ABN-AMRO Bank country manager C.J. de Koning examines the question in the following article.
Fri, 23 Jan 1998
Tougher penalties needed to put brakes on scalpers
Tougher penalties needed to put brakes on scalpers JAKARTA (JP): A police officer said yesterday heavier punishments for scalping were needed to fight the rising tide of people taking money for helping others obtain or renew their driver's licenses.Head of City Police Internal Affairs Detachment Lt.
Fri, 23 Jan 1998
Govt issues ruling on state companies
Govt issues ruling on state companies JAKARTA (JP): The government has issued a new regulation on state companies to boost their efficiency and competitiveness amid the monetary crisis, the Ministry of Finance announced yesterday.
Fri, 23 Jan 1998
Share prices fall along with rupiah
Share prices fall along with rupiah JAKARTA (JP): The rupiah continued its record plunge, almost bottoming out at 15,000 to the U.S. dollar yesterday, and share prices on the Jakarta Stock Exchange (JSX) fell 4.8 percent on persistent negative sentiment.
Fri, 23 Jan 1998
Rampant violations in sale of bus tickets: DLLAJ
Rampant violations in sale of bus tickets: DLLAJ JAKARTA (JP): The head of City Land Transportation Agency (DLLAJ), J.P. Sepang, expressed concern yesterday over rampant violations in bus ticketing for those intending to leave the city for next week's Idul Fitri holiday.