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Thu, 22 Oct 1998
Soccer league to proceed despite sponsorship doubts
Soccer league to proceed despite sponsorship doubts JAKARTA (JP): The chairman of the All Indonesian Soccer Federation Agum Gumelar reiterated on Wednesday that the upcoming league would kick off as scheduled despite the uncertain sponsorship situation.
Thu, 22 Oct 1998
MPR asked to rule on Soeharto
MPR asked to rule on Soeharto JAKARTA (JP): Activists demanded on Wednesday that the upcoming special session of the People's Consultative Assembly (MPR) next month ratify a decree to reclaim Soeharto's family wealth which he allegedly amassed during 32 years in power.
Thu, 22 Oct 1998
ASEAN mulls 'open house' to all investors in 1999
ASEAN mulls 'open house' to all investors in 1999 MANILA (AFP): Nine Southeast Asian countries may temporarily grant "open house treatment" to all foreign investors by next year as part of joint efforts to address the financial crisis, a Philippine official said on Wednesday.
Thu, 22 Oct 1998
Caltex moves to Singapore
Caltex moves to Singapore SINGAPORE (DPA): U.S. giant Caltex Petroleum Corporation is moving its global headquarters from Dallas, Texas, to Singapore, the company announced Friday.Caltex would be the first multinational company to establish its corporate base in the city-state, officials in...
Thu, 22 Oct 1998
Zarina granted early remission to sentence
Zarina granted early remission to sentence TANGERANG (JP): With a bright smile and cheerful face, Zarina -- the budding TV actress who was not supposed to end her four- year jail term until November 2000 for her Ecstasy case -- was freed on conditional release on Wednesday.
Thu, 22 Oct 1998
Habibie says he needs no political brokers
Habibie says he needs no political brokers JAKARTA (JP): President B.J. Habibie said on Wednesday that he would get rid of people within his circle who were acting as political brokers, saying that they were the cause of the tragic downfall of his two predecessors, Soeharto and Sukarno.
Thu, 22 Oct 1998
Key Asian rescue draft to be presented at APEC
Key Asian rescue draft to be presented at APEC SYDNEY (AFP): A strategy to coordinate Asian economic revival involving simultaneous interest rate cuts and budget expansion drawing partly on Japan's new credit line will be put to next month's APEC forum in Malaysia.
Thu, 22 Oct 1998
Govt 'broke rules' over Freeport's obligations
Govt 'broke rules' over Freeport's obligations JAKARTA (JP): Former mines and energy minister Subroto said on Wednesday the government contravened accepted practices by not informing legislators that it had relieved copper and gold mining company PT Freeport Indonesia of its divestment obligation.
Thu, 22 Oct 1998
Malaysia may impose tax on palm oil to counter budget steps
Malaysia may impose tax on palm oil to counter budget steps KUALA LUMPUR (Reuters): Malaysia is likely to impose taxes on palm oil, its leading export earner, in its budget this week to help offset an expansionary spending plan, analysts and traders said.
Thu, 22 Oct 1998
Jamsostek asks to be exempt from paying tax
Jamsostek asks to be exempt from paying tax JAKARTA (JP): PT Jamsostek, a state-owned company running the social security insurance program for workers, proposed to the government that it should be exempt from its obligation to pay tax and dividends.
Thu, 22 Oct 1998
PBSI waiting for result of Sigit's second drug test
PBSI waiting for result of Sigit's second drug test JAKARTA (JP): The Badminton Association of Indonesia (PBSI) will not take any action against doubles specialist Sigit Budiarto until the International Badminton Federation (IBF) announces the result of a second test on a urine sample taken from...
Thu, 22 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thundercats 3:05 Student's Program: Pramuka 3:30 Science Film 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Arabic Lessons 5:30 TV Series: The Man from Uncle 6:00 News: Lintasan Berita 6:05 Documentary: Rona...
Thu, 22 Oct 1998
Beggars flourish in Banjarmasin
Beggars flourish in Banjarmasin BANJARMASIN, South Kalimantan: Beggars and female and child street singers are becoming more numerous at intersections in Banjarmasin.On Wednesday Antara reported that this scene was easily found at main road intersections and shopping centers.
Thu, 22 Oct 1998
Meridien's year-end package
Meridien's year-end package JAKARTA (JP): Le Meridien Nirwana Golf & Spa Resort in Bali launched on Wednesday its Christmas campaign to boost sales over the Christmas and New Year period.Operation Christmas includes telesales to local operators, key wholesalers and regional sales offices to provide...
Thu, 22 Oct 1998
Strong buying pushes Asian currencies to further heights
Strong buying pushes Asian currencies to further heights SINGAPORE (Dow Jones): Strong buying interest catapulted the Indonesian rupiah to its highest level in eight months during Asian trading hours on Wednesday.
Thu, 22 Oct 1998
RI maids work in S'pore for a dollar a month
RI maids work in S'pore for a dollar a month SINGAPORE (AP): To escape poverty at home, hundreds of Indonesian women are working for just one Singapore dollar (US$0.60) a month as domestic servants in Singapore.
Wed, 21 Oct 1998
Four developers in arrears
Four developers in arrears TANGERANG (JP): Two major real estate developers and two golf course developers here have not yet paid their 1997 land and building tax, which reached a total of Rp 1.8 billion, an official said Tuesday.
Wed, 21 Oct 1998
Indorayon strikers return to work
Indorayon strikers return to work MEDAN, North Sumatra (JP): Thousands of employees of PT Inti Indorayon Utama began to return to the plant in Porsea in North Tapanuli on Tuesday after a five-day sit-in at the governor's office here.
Wed, 21 Oct 1998
Gus Dur treated at RSCM
Gus Dur treated at RSCM JAKARTA (JP): Leader of the country's largest Moslem organization Nahdatul Ulama, Abdurrahman Wahid, has been hospitalized since Saturday in Jakarta."My father was brought to hospital on Saturday after meeting some guests.
Wed, 21 Oct 1998
Badminton star Sigit denies doping charge
Badminton star Sigit denies doping charge JAKARTA (JP): A cloud of suspicion hangs over the struggling Indonesian badminton camp following a press report that world men's doubles champion Sigit Budiarto failed a drug test conducted by the National Sports Council.
Wed, 21 Oct 1998
Freeport vs. people
Freeport vs. people If what The Jakarta Post has been reporting lately concerning the 1991 shares transactions which involve PT Freeport Indonesia, Indocopper Investment Corporation and PT Nusamba is true, there is certainly much presented that would lead most analytical minds to suspect that the...
Wed, 21 Oct 1998
Malaysia denies it plans to review S'pore ties
Malaysia denies it plans to review S'pore ties KUALA LUMPUR (Reuters): Malaysia has no plans to review ties with Singapore and wants to resolve disputes with the island republic, Deputy Foreign Minister Leo Michael Toyad was quoted as saying on Tuesday.
Wed, 21 Oct 1998
Directory
DirectoryCorrection: The Capital Market Directory 1998 mentioned in the photo caption on this page on Tuesday is published annually by the Institute for Economic and Financial Research (ECFIN) and not by the Jakarta Stock Exchange.We regret the error. -- Editor
Wed, 21 Oct 1998
Currencies mixed as life returns to SE Asian markets
Currencies mixed as life returns to SE Asian markets SINGAPORE (Dow Jones): Southeast Asian currencies were mixed against the U.S. dollar in late trading on Tuesday, as signs of life return to the region's financial markets.
Wed, 21 Oct 1998
Indorayon allowed to reopen pulp, rayon mills
Indorayon allowed to reopen pulp, rayon mills JAKARTA (JP): The government has allowed publicly-listed rayon and pulp producer PT Inti Indorayon Utama to reopen its pulp and rayon mills in North Sumatra, which have been shut down for almost four months due to security disturbances by protesters who...
Wed, 21 Oct 1998
Corruption fears slow down aid for the poor
Corruption fears slow down aid for the poor JAKARTA (JP): Worries over leakages and corruption have slowed down the government's social safety net spending for the poor, creating a surprising cash surplus in the state budget during the first five months of the current fiscal year, according to a...
Wed, 21 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 20, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 275 0 1,500 AHAP Insurance 400 0 0 Alter Abadi 275 25 491,000 Alumindo Light Metal 275 -50 15,000 Alumindo...
Wed, 21 Oct 1998
Journalists in East Java receive death threats
Journalists in East Java receive death threats SURABAYA (JP): Following threats made to Moslem preachers by unidentified people here, journalists have been warned that they will be among the next victims in the killing spree which has so far claimed more than 150 lives in East Java.
Wed, 21 Oct 1998
Reform team criticized for lack of achievement
Reform team criticized for lack of achievement JAKARTA (JP): A councilor has criticized the reform team set up by Governor Sutiyoso to rid the city administration of corruption, collusion and nepotism for its resounding lack of achievement.
Wed, 21 Oct 1998
Singapore-made exports rose 1.7% in September
Singapore-made exports rose 1.7% in September SINGAPORE (Bloomberg): Singapore-made exports, closely watched for the health of the island's economy, unexpectedly rose 1.7 percent year-to-year in September as European orders offset shriveled demand from recession-torn Asia.
Wed, 21 Oct 1998
Govt updating method for rice data collection
Govt updating method for rice data collection JAKARTA (JP): The Ministry of Agriculture and the Central Bureau of Statistics (BPS) are preparing new methodology to provide more accurate statistical data on the country's rice production.
Wed, 21 Oct 1998
Habibie appoints 15 new ambassadors
Habibie appoints 15 new ambassadors JAKARTA (JP): President B.J. Habibie swore in 15 ambassadors on Tuesday, including two senior diplomats and former Air Force chief Marshall (ret) Rilo Pambudi.Secretary-general of the Ministry of Foreign Affairs Abdul Irsan was appointed the envoy to the...
Wed, 21 Oct 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 20, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,900.00 8,000.00 7,675.00 7,825.00Austrian schilling 1 645.80 715.80 - -Australian dollar 1 4,872.90 5,132.90 4,730.00 5,130.
Wed, 21 Oct 1998
Rights on freedom of expression to get guarantee
Rights on freedom of expression to get guarantee JAKARTA (JP): The House of Representatives (DPR) will on Thursday pass the freedom of expression bill, turning it into a new law which is expected to fully guarantee the right to express aspirations and opinions in public places.
Wed, 21 Oct 1998
Sarlito's statement
Sarlito's statementFrom KompasI respect Sarlito Wirawan as a psychologist and a professor. However, his statement quoted in Kompas of Oct. 12 startled me.Did Sarlito really make the statement (without being asked by the reporter, so he consciously revealed something) or was he misquoted by the...
Wed, 21 Oct 1998
Joint fact-finding team warned 'not to hold anything back'
Joint fact-finding team warned 'not to hold anything back' JAKARTA (JP): A human rights activist has exhorted the government-sponsored joint fact-finding team probing the May riots not to hold anything back when it announces its findings on Friday.
Wed, 21 Oct 1998
Communist threat is scapegoat politics: Survey
Communist threat is scapegoat politics: Survey JAKARTA (JP): Few people in this country buy the Armed Forces' (ABRI) warning of a possible communist comeback, believing that the Indonesian Communist Party (PKI), outlawed since 1966, has been used as a convenient scapegoat when no other answers are...
Wed, 21 Oct 1998
Airfares may not go up if rupiah remains strong
Airfares may not go up if rupiah remains strong JAKARTA (JP): The Association of Indonesian Airlines (INACA) said on Wednesday it would cancel its plan to raise domestic airfares by 14.5 percent in December if the rupiah continued to strengthen against the U.S. dollar in the coming months.
Wed, 21 Oct 1998
McDonald's plans expansion
McDonald's plans expansion CHICAGO (Reuters): After reporting a 7 percent gain in third- quarter earnings and a cutback in its Asian expansion, McDonald's Corp. said Monday the fast food company plans to open about 2,000 new restaurants worldwide in 1999.
Wed, 21 Oct 1998
Can the burgeoning TV viewer polls really be trusted?
Can the burgeoning TV viewer polls really be trusted?By Antariksawan Jusuf JAKARTA (JP): Gone are the days when Indonesian television viewers passively sat on the couch watching every program unilaterally broadcast into their homes by each station.
Wed, 21 Oct 1998
Priest Y.B. Mangunwijaya joins farmers' protest
Priest Y.B. Mangunwijaya joins farmers' protest YOGYAKARTA (JP): Renowned writer and priest Y.B. Mangunwijaya joined hundreds of farmers and students from Gadjah Mada University here on Tuesday in a demonstration against perceived unnecessary intervention in farmers' lives.
Wed, 21 Oct 1998
Use of ASEAN monies not viable: RP official
Use of ASEAN monies not viable: RP official MANILA (AP): A proposal to use local currencies instead of U.S. dollars in trading within Southeast Asia is not viable, a Philippine official said Tuesday.Officials in the Association of Southeast Asian Nations have proposed the scheme as a way to lessen...
Wed, 21 Oct 1998
Bank restructuring policy to focus on four measures
Bank restructuring policy to focus on four measures JAKARTA (JP): The government has announced that the bank restructuring strategy in the coming months will focus on four measures -- recapitalization, liquidation of insolvent banks, merger of state banks and recovering liquidity support.
Wed, 21 Oct 1998
New exchange awaits decree
New exchange awaits decree JAKARTA (JP): The operation of the country's commodities futures exchange now awaits a presidential decree, expected to be issued by the end of this year, a senior official said Tuesday.
Wed, 21 Oct 1998
Telkom rings wrong number with kiosks
Telkom rings wrong number with kiosks BOGOR (JP): Operators of the 253 telecommunications kiosks here have complained of carelessness by PT Telkom in issuing new licenses without first considering interests of existing businesses.
Wed, 21 Oct 1998
More autonomy 'key to keeping nation united'
More autonomy 'key to keeping nation united' JAKARTA (JP): Scholars provided on Tuesday different explanations about what constitutes the threat of national disintegration, but agreed that more autonomy for regions would be among the best measures to keep the nation unified.
Wed, 21 Oct 1998
A.M. Saefuddin apologizes over statement on Megawati
A.M. Saefuddin apologizes over statement on Megawati JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin apologized on Tuesday for his remark last week which some people said insulted Hindu and Balinese people, saying he had not intended to humiliate anyone.
Wed, 21 Oct 1998
Discrimination
Discrimination On Oct. 16, my friend and I took an old friend for a drink. She was visiting Jakarta on family business. We preferred to go to a hotel, feeling it would be a safe place to go. So we decided to go to the bar at the Shangri-La Hotel. But two security guards stopped us.
Wed, 21 Oct 1998
Call to alter Freeport contract 'unrealistic'
Call to alter Freeport contract 'unrealistic' JAKARTA (JP): Analysts said on Tuesday that the House of Representatives' call for a review of giant copper and gold mining company PT Freeport Indonesia's contract of work (COW) was unrealistic.Vice chairman of the Indonesian Mining Association (IMA) M.
Wed, 21 Oct 1998
Golkar introduces its new outlook
Golkar introduces its new outlook JAKARTA (JP): President B.J. Habibie was conspicuously absent from Golkar's 34th anniversary reception on Tuesday, where chairman Akbar Tandjung and leaders of the dominant political grouping ignored public calls to apologize for past political mistakes.