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Sat, 24 Oct 1998
Indonesian exports show recovery
Indonesian exports show recovery JAKARTA (JP): Jakarta-based consultancy firm PT TradeData announced on Friday some early, albeit tentative evidence of a recovery in Indonesian exports for the first time since the onset of the crisis.
Sat, 24 Oct 1998
Cheap loans for small firms and cooperatives
Cheap loans for small firms and cooperatives JAKARTA (JP): The government announced on Friday it had allocated more than Rp 10 trillion (about US$1.3 billion) for heavily subsidized loans to small and medium businesses and cooperatives, and another Rp 100 billion for ailing public transportation...
Sat, 24 Oct 1998
Reverse prosecution on Soeharto 'unviable'
Reverse prosecution on Soeharto 'unviable' JAKARTA (JP): Guilty until proven innocent -- in which one has to prove one's innocence -- cannot be applied to Soeharto and his family who allegedly amassed a fortune during the former president's 32 years in power, a law professor says.
Fri, 23 Oct 1998
Malaysian threat clouds INRO meet
Malaysian threat clouds INRO meet KUALA LUMPUR (Reuters): The International Natural Rubber Organization (INRO) on Thursday began a crucial meeting of its policy-making council, with Malaysia's threat to resign from the group dominating worries, officials said.
Fri, 23 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct.22, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 875,000 Alumindo Light Metal 250 -25 100,000 Alumindo...
Fri, 23 Oct 1998
Habibie instructs ABRI to be firm against killers
Habibie instructs ABRI to be firm against killers JAKARTA (JP): President B.J. Habibie said on Thursday that he had instructed the Armed Forces (ABRI) to completely crack down on the perpetrators of the mysterious killing spree that began in East Java and spread to other places.
Fri, 23 Oct 1998
Exporting corruption?
Exporting corruption? This is a follow-up to an article which appeared in the Sept. 19 edition of The Jakarta Post, which was itself a follow-up to an earlier complaint of corruption against an immigration official in Medan.
Fri, 23 Oct 1998
Soeharto not invited to MPR special session
Soeharto not invited to MPR special session JAKARTA (JP): Former president Soeharto will not be invited to the attend the special session of the People Consultative Assembly (MPR) scheduled for Nov. 10 to Nov. 13, an official told a media briefing on Thursday.
Fri, 23 Oct 1998
Cash-strapped RP trims athletic team
Cash-strapped RP trims athletic team MANILA (DPA): The Philippines, hard-hit by the regional economic crisis, has cut back the number of athletes it will send to the 13th Asian Games in Thailand later this year.
Fri, 23 Oct 1998
No 'chickens' found yet in Soeharto probe: Ghalib
No 'chickens' found yet in Soeharto probe: Ghalib JAKARTA (JP): Attorney General Lt. Gen. Andi Muhammad Ghalib has compared the investigation of former president Soeharto's wealth to the investigation of a chicken theft where the police have to find strong evidence before they can make any arrests.
Fri, 23 Oct 1998
Indonesia's coffee exports fall 18.7%
Indonesia's coffee exports fall 18.7% JAKARTA (JP): Freak weather patterns are blamed for an 18.68 percent slump in the country's coffee export volume in the crop year ending September 1998.Coffee exports dropped to 309,000 metric tons worth US$550 million, compared to 380,000 tons of $675 million...
Fri, 23 Oct 1998
Public encouraged to file lawsuits against decrees
Public encouraged to file lawsuits against decrees JAKARTA (JP): The Supreme Court has encouraged the public to file lawsuits against presidential decrees which are considered to have been manipulated materially and legally to benefit certain parties, Antara news agency reported on Thursday.
Fri, 23 Oct 1998
Risk-taking key to RI's recovery
Risk-taking key to RI's recoveryBy C.J. de Koning This is the first of two articles in a series on the Indonesian economic crisis. JAKARTA (JP): The good news is that the rupiah has strengthened dramatically over the last few weeks. It has not yet reached the 5,000-6,000 range to the U.
Fri, 23 Oct 1998
Rupiah falls on minister's comment
Rupiah falls on minister's comment JAKARTA (JP): After rallying persistently since the beginning of the month, the rupiah slid back to close at 7,800 against the U.S. dollar on Thursday as the market punished a senior Cabinet minister for commenting that the rupiah should not appreciate too rapidly.
Fri, 23 Oct 1998
WB denies tampering with RI poverty figures
WB denies tampering with RI poverty figures NEW YORK (Dow Jones): World Bank officials Tuesday hit back at charges they manipulated figures on the number of poor in Indonesia to avoid embarrassing the Soeharto regime before its fall last May.
Fri, 23 Oct 1998
Kite festival down in W. Java
Kite festival down in W. Java BANDUNG (JP): The Pangandaran International Kite Festival, to be held on Pangandaran beach in Ciamis on Saturday and Sunday, has received only six confirmations from the 20 invited countries.
Fri, 23 Oct 1998
Companies nearing agreement on $10b debt restructuring
Companies nearing agreement on $10b debt restructuring JAKARTA (JP): More than a dozen companies with nearly US$10 billion in overseas debts are moving ahead with plans to reach a restructuring agreement with their creditors under the auspices of the Jakarta Initiative Corporate Restructuring Task...
Fri, 23 Oct 1998
Southeast Asian currencies slip back as rupiah falls
Southeast Asian currencies slip back as rupiah falls SINGAPORE (Dow Jones): Southeast Asian currencies mostly slipped against the U.S. dollar during Asian trading hours on Thursday, as the Indonesian rupiah surrendered the spectacular gain it made the previous day,The Singapore dollar, and the new...
Fri, 23 Oct 1998
Infants suffer in Banyumas
Infants suffer in Banyumas PURWOKERTO, Central Java (JP): Nutritional deficiencies during pregnancy are jeopardizing the lives of newborns, the head of the Banyumas regency's health office said here on Wednesday.M.
Fri, 23 Oct 1998
Biggest sin of leaders
Biggest sin of leadersFrom MerdekaObserving Indonesia's political development and the problems now being faced by Indonesians, who are still very much under the control of Golkar, has thrown me into greater confusion.
Fri, 23 Oct 1998
House passes new freedom of expression bill
House passes new freedom of expression bill JAKARTA (JP): The House of Representatives endorsed on Thursday the controversial freedom of expression bill for President B.J. Habibie to sign into law, saying they were satisfied with the "democratic" way the document was deliberated.
Fri, 23 Oct 1998
Police asked to resubmit graft case against Zawawi
Police asked to resubmit graft case against Zawawi JAKARTA (JP): City police are to requestion Ahmad Zawawi after the prosecutor's office returned dossiers on a case accusing the former head of the city's logistics agency of corruption.Speaking to the media on Thursday, Jakarta Police chief Maj.
Fri, 23 Oct 1998
'RRI' to air business forum
'RRI' to air business forum JAKARTA (JP): PT Harvest International Indonesia and the state-run radio network Radio Republic Indonesia (RRI) will jointly stage an interactive business forum beginning next week.
Fri, 23 Oct 1998
Unocal seeks to avoid write-off of PLN debt
Unocal seeks to avoid write-off of PLN debt SINGAPORE (Bloomberg): Unocal Corp., the 10th largest U.S. oil company by market value, said it hopes to avoid any write-off of money owed by Indonesia's PT Perusahaan Listrik Umum Negara (PLN) from unpaid power supply contracts.
Fri, 23 Oct 1998
Fashion designer experiments with silk, fibers
Fashion designer experiments with silk, fibersBy Agni Amorita JAKARTA (JP): It is very rare to find young Indonesians who are interested in traditional textiles. Yet Nelwan Anwar chose to major in textiles at the Jakarta Arts Institute.
Fri, 23 Oct 1998
Sigit's positive test shocks sports medic
Sigit's positive test shocks sports medic JAKARTA (JP): Sports medical expert Hario Tilarso was skeptical on Thursday over allegations top badminton player Sigit Budiarto tested positive for the banned anabolic steroid nandrolone."It doesn't make sense.
Fri, 23 Oct 1998
'Revolusi Harapan' wins gold medal at Brno contest
'Revolusi Harapan' wins gold medal at Brno contest JAKARTA (JP): Nanang Istiabudi's short film Revolusi Harapan (Revolution of Hope) won a gold medal and a special prize at the 39th Brno 16 International Competition of Non-Commercial Feature Films and Video at Brno Cultural and Information Center...
Fri, 23 Oct 1998
Citra Muda enters Thailand Open
Citra Muda enters Thailand Open JAKARTA (JP): Jakarta-based Citra Muda club will represent Indonesia at the Thailand Open baseball championship in Bangkok from Oct. 25 to Oct. 30.Team manager Doedie Gambiro said on Thursday that five national players would form the backbone of his squad in its...
Fri, 23 Oct 1998
Rupiah increase unlikely to spur debt repayment
Rupiah increase unlikely to spur debt repayment SINGAPORE (Reuters): The recent strengthening of the Indonesian rupiah against the U.S. dollar is still not enough to encourage corporate debtors to begin repaying debt obligations, analysts in Singapore said on Thursday.
Fri, 23 Oct 1998
RI to compete in Putra Cup
RI to compete in Putra Cup JAKARTA (JP): Indonesia will be banking on its junior players at the 38th Putra Cup Asia Pacific amateur team golf tournament in St. Elena, the Philippines, from Nov. 5 to Nov. 8.
Fri, 23 Oct 1998
U.S. bans use of American weapons in East Timor
U.S. bans use of American weapons in East Timor WASHINGTON (Agencies): The United States on Wednesday banned the use in East Timor of weapons supplied to Indonesia and continued a ban on education and training aid to the Indonesian Armed Forces.
Fri, 23 Oct 1998
Probo named suspect in bank scam
Probo named suspect in bank scam JAKARTA (JP): Former president Soeharto's step brother Probosutedjo was named on Thursday as a suspect in the liquidated Bank Jakarta's credit scam, but he strongly protested his innocence and expressed confidence about escaping from the police allegation.
Fri, 23 Oct 1998
Habibie to help shipowners
Habibie to help shipowners JAKARTA (JP): President B.J. Habibie pledged on Thursday to review the IMF-prescribed value added tax on importing ships on the grounds that the vessels were of strategic importance.
Fri, 23 Oct 1998
Timah's profit up five-fold
Timah's profit up five-fold JAKARTA (JP): Publicly listed state-owned tin miner PT Tambang Timah reported on Thursday an almost five-fold increase in net profits to Rp 305.7 billion (US$40 million) during the first semester of this year from Rp 57.3 billion in the same period of last year.
Fri, 23 Oct 1998
Rp 700 million for students
Rp 700 million for students JAKARTA (JP): The European business community here has collected at least Rp 700 million which will be donated to University of Indonesia students who have been financially affected by the economic crisis.
Fri, 23 Oct 1998
Rainfall this month still normal, says BMG
Rainfall this month still normal, says BMG JAKARTA (JP): Rainfall in the capital this month has been normal, but heavy rains might be recorded by the end of this year and reach a peak in January, according to an official.
Fri, 23 Oct 1998
'Indonesians join street protests'
'Indonesians join street protests' KUALA LUMPUR (Reuters): Prime Minister Mahathir Mohamad has accused foreigners, including Indonesians, of involvement in anti-government protests in Malaysia.Foreigners wanted to see the protesters overthrow the government so that Malaysia would open itself up to...
Fri, 23 Oct 1998
Cirebon batik fashion show held
Cirebon batik fashion show held JAKARTA (JP): A fashion show featuring modern and traditional gowns embellished with Cirebon batik motifs was staged at Pasaraya shopping center in Blok M, South Jakarta, on Thursday.
Fri, 23 Oct 1998
Ita's death and terrorism
Ita's death and terrorismFrom RepublikaThe statements made by the team of volunteers on mass rapes in the May riots have created problems for themselves.Until now the proof to support these accusations has not been obtained.
Fri, 23 Oct 1998
BA, Qantas have joint manager
BA, Qantas have joint manager JAKARTA (JP): British Airways and Qantas of Australia announced on Thursday the appointment of Claire Hatton as their Indonesia joint manager.They said in a joint statement that Hatton, currently British Airways' Indonesia manager, would take up the new position on Dec.
Fri, 23 Oct 1998
Double standard attitude?
Double standard attitude? One of the headlines in The Jakarta Post dated Oct. 16, 1998 was Winters banned from entering RI. As an ordinary citizen I was very ashamed of this. It's more proof that Indonesia is a country that is ruled by power of government rather than by law.
Fri, 23 Oct 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 22, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,500.00 7,700.00 7,600.00 7,750.00Austrian schilling 1 615.00 685.00 - -Australian dollar 1 4,610.90 4,870.90 4,375.00 4,855.
Fri, 23 Oct 1998
NGOs submit their antimonopoly bill
NGOs submit their antimonopoly bill JAKARTA (JP): Three non-governmental organizations (NGOs) handed over their version of the antimonopoly bill to the House of Representatives on Thursday.Their draft, containing 10 chapters and 32 articles, was presented to the House's special committee preparing...
Fri, 23 Oct 1998
RI to open up service sector earlier than planned: Bambang
RI to open up service sector earlier than planned: Bambang JAKARTA (JP): Minister of Finance Bambang Subianto said on Thursday the economic crisis necessitated that the country expedite the opening of its service sector, including for accounting firms.
Fri, 23 Oct 1998
Discrimination still common: Sociologist
Discrimination still common: Sociologist JAKARTA (JP): A noted sociologist said on Wednesday that President B.J. Habibie's instruction outlawing discrimination had yet to prove to be effective considering the difficulty experienced by Chinese-Indonesians in dealing with the bureaucracy.In his Sept.
Fri, 23 Oct 1998
Petisi 50 calls for dissolution of 'arrogant' Golkar
Petisi 50 calls for dissolution of 'arrogant' Golkar JAKARTA (JP): The Petisi 50 group of government critics has lashed out at Golkar over the dominant political grouping's refusal to apologize to the nation for political mistakes made under Soeharto's New Order regime.
Fri, 23 Oct 1998
Bankers urge quick use of Japanese aid
Bankers urge quick use of Japanese aid CHIANG MAI, Thailand (Reuters): Private bankers in Southeast Asia on Thursday urged regional governments to tap quickly Japan's $30 billion aid plan and to promote sound economic policies to help weather the region's financial crisis.
Fri, 23 Oct 1998
Aetna committed to RI insurance market
Aetna committed to RI insurance market JAKARTA (JP): International insurance company Aetna International Inc. remains upbeat about its operations in Indonesia despite the nation's worst-ever crisis.Company president and CEO Frederick C. Copeland Jr.
Fri, 23 Oct 1998
Top cement producers eye ASEAN stakes
Top cement producers eye ASEAN stakes HANOI (Reuters): Swiss cement maker Holderbank Financiere Glaruse Ltd said on Thursday big foreign cement makers are battling for position in key Southeast Asian markets and will play a significant role in the industry.
Fri, 23 Oct 1998
Foreign investors still wary of property sector
Foreign investors still wary of property sector JAKARTA (JP): Foreign investors have held off on big buys of properties of local debt-ridden developers because they find no signs of imminent economic recovery, property consultant First Pacific Davies said on Thursday.