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Tue, 09 Dec 1997
Unstable Asia kicks off year of living dangerously
Unstable Asia kicks off year of living dangerouslyBy Gwynne Dyer LONDON (JP): The last of Asia's hidden economic time-bombs, in South Korea's debt-ridden industrial conglomerates and Japan's secretive banking sector, have now been dragged out into the open.
Tue, 09 Dec 1997
Insurance alliance announced
Insurance alliance announced JAKARTA (JP): New York-based Metropolitan Life (Metlife) Insurance Company and PT Tunasmas Panduarta of the widely diversified Tirtamas Group have agreed to set up a joint venture insurance company.
Tue, 09 Dec 1997
Has the IMF reform package failed?
Has the IMF reform package failed? Indonesia has implemented the International Monetary Fund reform package but the value of its currency continues falling. Economist Kwik Kian Gie discusses the reason behind the rupiah's decline. Question: The value of the rupiah fell to Rp 4,020 against the U.S.
Tue, 09 Dec 1997
President 'accounts for human rights implementation'
President 'accounts for human rights implementation' JAKARTA (JP): A constitutional law expert has suggested that clauses on human rights be included in the State Policy Guidelines to enable the nation to demand the President's accountability for Indonesia's rights record.
Tue, 09 Dec 1997
Astra Agro lists shares
Astra Agro lists shares JAKARTA (JP): Plantation firm PT Astra Agro Lestari, a subsidiary of automaker PT Astra International, will list its shares on the Jakarta Stock Exchange (JSX) today.In the article Grenfell pulls out from Makindo, which appeared in the business section of yesterday's edition...
Tue, 09 Dec 1997
Rupiah continues free-fall, touches record low of 4,155
Rupiah continues free-fall, touches record low of 4,155 JAKARTA (JP): The rupiah fell deeper yesterday, breaking the 4,100 barrier to touch another historic low, while the stock market managed to make a three-day rally, dealers and brokers said.
Tue, 09 Dec 1997
Rupiah and won plumb new depths
Rupiah and won plumb new depths SINGAPORE (Reuters): The Indonesian rupiah and South Korean won plumbed new depths yesterday but elsewhere on the Asian currency scene the Malaysian ringgit managed a solid gain, analysts said.
Tue, 09 Dec 1997
Legal status of closed bank owners questioned
Legal status of closed bank owners questioned JAKARTA (JP): Bank Indonesia, the central bank, must clarify the legal status of the owners of the 16 banks recently closed by the government, legal experts said here yesterday.Economics law consultant Abdul Hakim G.
Tue, 09 Dec 1997
Japan gives aid for maternal health
Japan gives aid for maternal health UJUNGPANDANG, South Sulawesi: Japan pledged yesterday US$47,404 to help improve maternal and infant health through a family planning clinic in Central Sulawesi's provincial capital, Palu.
Tue, 09 Dec 1997
Crisis may affect stability: ABRI
Crisis may affect stability: ABRI JAKARTA (JP): Armed Forces Chief Gen. Feisal Tanjung warned yesterday that the current monetary crisis might affect the country's political situation as it prepares for next year's general meeting of the People's Consultative Assembly (MPR).
Tue, 09 Dec 1997
Hayono wins Group B at Gebyar auto race
Hayono wins Group B at Gebyar auto race JAKARTA (JP): Minister of Youth Affairs and Sports Hayono Isman won the Group B category of the Gebyar Gudang Garam auto race at Sentul, near Bogor, Sunday.Minister of Tourism, Post and Telecommunications Joop Ave was second and former home affairs minister...
Tue, 09 Dec 1997
40,000 workers laid off in C. Java
40,000 workers laid off in C. Java SEMARANG (JP): As many as 40,000 workers in Central Java have been "arbitrarily" laid off in the past five months, chairman of the Semarang-chapter of the Federation of All-Indonesia Workers Union (FSPSI) Tambah Soedjio said yesterday.
Tue, 09 Dec 1997
9,264 Ecstasy pills destroyed
9,264 Ecstasy pills destroyed TANGERANG (JP): Soekarno-Hatta International Airport's customs office destroyed another 9,264 Ecstasy pills worth about Rp 465 million (US$166,000) yesterday.The office head, Nifsu Chasbullah, said the pills, wrapped in 11 packs, were confiscated at the airport on Sept.
Tue, 09 Dec 1997
Mapping for areas for to disaster
Mapping for areas for to disaster YOGYAKARTA: A natural disaster expert suggested yesterday the mapping of regions vulnerable to disaster.Head of the center for natural disaster studies of Gadjah Mada University, Sudibyakto, said such maps would help the government in handling volcanic eruptions,...
Tue, 09 Dec 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 8, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 800 -25 41,000 AHAP Insurance 625 0 0 Alter Abadi 425 0 140,000 Alumindo Light Metal 300 0 535,500 Alumindo...
Tue, 09 Dec 1997
Seeking debt rollover
Seeking debt rollover Foreign debt rollover could mean the difference between survival and bankruptcy for most Indonesian big businesses which are reeling amid the currency turmoil, depressed stock market, credit crunch and punitively high interest rates.
Tue, 09 Dec 1997
Jakarta told to promote its uniqueness
Jakarta told to promote its uniqueness JAKARTA (JP): Jakarta should promote its uniqueness and cultural attractions to make a name for itself as a service city, a seminar was told yesterday.Deputy Governor for Development Affairs Tb. M.
Tue, 09 Dec 1997
Gunung Kidul withers in heat and dust
Gunung Kidul withers in heat and dustBy Heru Sigit Cahyanto GUNUNG KIDUL (JP): Toil and trouble has long beset inhabitants of Gunung Kidul in the special administrative district of Yogyakarta, fighting a constant battle to survive on arid land and with scarce water resources.
Tue, 09 Dec 1997
Asia woes more complex than Mexican, says BIS
Asia woes more complex than Mexican, says BIS BASEL, Switzerland (AFP): Turmoil on Southeast Asia's financial markets is broader-based than the Mexican crisis of 1995 and could have broader repercussions, the Bank for International Settlements (BIS) said yesterday.
Tue, 09 Dec 1997
State transportation firms suffer losses
State transportation firms suffer losses JAKARTA (JP): The government admitted yesterday major obstacles were preventing the improvement of three state-owned transportation companies, including two airlines, Garuda Indonesia and Merpati Nusantara, and the capital's bus operator PPD.
Tue, 09 Dec 1997
Police to open fresh probe into Udin murder
Police to open fresh probe into Udin murder JAKARTA (JP): National Police Chief Gen. Dibyo Widodo said yesterday that officers would soon begin a fresh investigation into the unsolved murder of Yogyakarta-based Bernas daily journalist, Fuad Muhammad Syafruddin, alias Udin.
Tue, 09 Dec 1997
Man imprisoned for rioting
Man imprisoned for rioting TASIKMALAYA, West Java: The court ruled yesterday that Asep Ilyas bin Yusuf Sidiq did not mastermind last year's Dec. 26 riot as the prosecution had charged.But presiding judge Zaharuddin Yusuf sentenced Asep to one year and 10 months imprisonment for involvement in the...
Mon, 08 Dec 1997
Many ad firms may go bust next year
Many ad firms may go bust next year JAKARTA (JP): Many advertising companies, particularly small and medium operations, may be forced to close their doors in the recession forecast for next year, an analyst has warned.
Mon, 08 Dec 1997
DNA tests to be used in abortion inquiry
DNA tests to be used in abortion inquiry JAKARTA (JP): DNA tests will be conducted on several women to determine if they are the mothers of 11 aborted babies and fetuses found dumped in North Jakarta last month, City Police chief Maj. Gen. Hamami Nata announced Saturday.
Mon, 08 Dec 1997
Man found dead after inhaling poisonous gas
Man found dead after inhaling poisonous gas JAKARTA (JP): A man was found dead in an underground gasoline tank at a public gas station on Jl. Meruya Ilir in Kebon Jeruk, West Jakarta, early yesterday morning.Police are still investigating the death of Abdul Hanan, 38.
Mon, 08 Dec 1997
S'pore to review growth forecast
S'pore to review growth forecast SINGAPORE (Reuters): Singapore will have to review its 1998 economic growth forecast of five to seven percent, state television quoted Minister for Trade and Industry Lee Yock Suan as saying yesterday.
Mon, 08 Dec 1997
Grenfell pulls out of Makindo
Grenfell pulls out of Makindo JAKARTA (JP): Makindo's president Gunawan Yusuf confirmed Saturday that Deutsche Morgan Grenfell Indonesia had pulled out from being the main underwriter of his company's initial public offering.
Mon, 08 Dec 1997
Thai govt polls popularity rating
Thai govt polls popularity rating BANGKOK (AFP): The new administration of Thai Premier Chuan Leekpai has polled a 74 percent popularity rating despite the plunging currency and the economic crisis, the Nation daily reported yesterday.
Mon, 08 Dec 1997
KL trade deficit narrows
KL trade deficit narrows KUALA LUMPUR (AFP): Malaysia's trade deficit narrowed more than 80 percent from a year earlier to 142 million ringgit (US$42 million) in October, Bernama news agency reported Saturday.The report, quoting statistics department figures, said exports leapt 27.
Mon, 08 Dec 1997
BIS warns of effects from Asia turmoil
BIS warns of effects from Asia turmoil ZURICH (Reuters): The Bank for International Settlements (BIS) said yesterday that the large number of banks exposed to Southeast Asia, especially Japanese banks, suggested broader potential repercussions from the region's currency turmoil.
Mon, 08 Dec 1997
Elevate faith
Elevate faith I read with interest a letter by Mr. Iwan Sudarmanto several weeks ago in The Jakarta Post, regarding the subject of non- denominational faith, or Kepercayaan.In fact, non-denominational faith probably forms the core belief of most Indonesians.
Mon, 08 Dec 1997
RFM benefits from El Nino
RFM benefits from El Nino MANILA (AFP): Philippine food giant, RFM Corp. expects to enjoy a 25-percent hike in net profits next year despite the continuing economic slowdown and will even benefit from one of its contributing factors, the El Nino phenomenon.
Mon, 08 Dec 1997
RP senator proposes bill on abortion
RP senator proposes bill on abortionBy Adam Easton MANILA: Women in the Philippines who have abortions and the doctors performing them will face the death penalty if congress approves a bill being supported by the government.
Mon, 08 Dec 1997
20-year-old man arrested for allegedly killing Canadian
20-year-old man arrested for allegedly killing Canadian JAKARTA (JP): A 20-year-old man who allegedly killed his Canadian brother-in-law after learning that the victim frequently assaulted his sister, was arrested yesterday morning.A police team, led by Cilandak Police Chief Capt.
Mon, 08 Dec 1997
Sailor dies in drunken brawl
Sailor dies in drunken brawl JAKARTA (JP): A sailor of a Japanese vessel was allegedly beaten to death with broken beer bottles by his drunken friends in Kalibaru, North Jakarta, yesterday.The victim was identified as Samuel Mantiri, 33, of Lajangiru, Ujungpandang, South Sulawesi.
Mon, 08 Dec 1997
Jakarta Police urged to continue improving
Jakarta Police urged to continue improving JAKARTA (JP): President Soeharto has called on the Jakarta Police to keep improving performance and professionalism despite its lack of personnel, funds and facilities.
Mon, 08 Dec 1997
RI to send six boxers to Asian Games
RI to send six boxers to Asian Games JAKARTA (JP): The Indonesian Amateur Boxing Association will send six boxers to the 13th Asian Games in Bangkok in December next year.The boxers are La Paene Masara (pinweight), Hermensen Ballo (flyweight), Dufri Masihor (bantamweight), Wilpare Jamhur...
Mon, 08 Dec 1997
Dagadu attracts business with local humor
Dagadu attracts business with local humorBy Sri Wahyuni YOGYAKARTA (JP): Many Indonesians know of Twilite Orchestra, one of the more popular orchestras here led by young composer Adie M.S., whose performance in various events is respectfully appreciated by its audience.
Mon, 08 Dec 1997
Stock prices likely to remain volatile
Stock prices likely to remain volatile JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are likely to remain volatile this week due to persistent anxiety over a weakening rupiah against the U.S. dollar, securities analysts and brokers said.
Mon, 08 Dec 1997
City speeds up process of 63,000 land titles
City speeds up process of 63,000 land titles JAKARTA (JP): The National Land Agency (BPN) will speed up the processing of some 63,000 land certificates in 12 of Jakarta's subdistricts, an official said over the weekend.
Mon, 08 Dec 1997
Assembly's synchronizing team to meet today
Assembly's synchronizing team to meet today JAKARTA (JP): The People's Consultative Assembly will convene a synchronizing team today to resolve 20 unsettled issues left over from the regular sessions to deliberate the draft 1998/2003 State Policy Guidelines.
Mon, 08 Dec 1997
Play on Marsinah banned in Bandung
Play on Marsinah banned in Bandung BANDUNG (JP): Playwright Ratna Sarumpaet condemned the police banning of a play about the life of slain labor activist Marsinah shortly before it was about to be staged here Saturday.It was the second time in two weeks that the monologue play had been banned.
Mon, 08 Dec 1997
Asia will survive with realistic economic policies
Asia will survive with realistic economic policies International Monetary Fund chief Michel Camdessus spoke to Southeast Asian business leaders in Kuala Lumpur last week. The following article is based on his speech. This is the first of two articles.
Mon, 08 Dec 1997
271 ex-rebels end military training
271 ex-rebels end military training ZAMBOANGA CITY, Philippines (DPA): At least 271 former guerrillas have completed a rigid six-month military training in the southern Philippines to become the first batch of rebels to be integrated into the armed forces, officials said yesterday.
Mon, 08 Dec 1997
Society needs more time for democracy: Observers
Society needs more time for democracy: Observers JAKARTA (JP): Observers noted here over the weekend that both the government and society at large would have to mature further before democratization could occur in the country.
Mon, 08 Dec 1997
Mahathir backs new economic policy measures
Mahathir backs new economic policy measures KUALA LUMPUR (Reuters): Malaysia's Prime Minister Mahathir Mohamad yesterday gave his backing to the new economic policy measures announced by his deputy last week to restore investor confidence and cool the economy."We have decided on these measures...
Mon, 08 Dec 1997
Sudomo lauds Soeharto's action in Jamsostek case
Sudomo lauds Soeharto's action in Jamsostek case BANDUNG, West Java (JP): The announcement that President Soeharto will personally oversee the use of PT Jamsostek's funds has gained a positive response from observers, but they said it does not bode well on the credibility of his aides.
Mon, 08 Dec 1997
RI diplomacy hangs high hopes on ICWA
RI diplomacy hangs high hopes on ICWABy Aleksius Jemadu BANDUNG (JP): Those who have been longing for a breakthrough in Indonesian diplomacy must welcome the establishment of the Indonesian Council on World Affairs (ICWA) with great enthusiasm.
Mon, 08 Dec 1997
Former Navy chiefs attend ceremony
Former Navy chiefs attend ceremony SURABAYA: Five former Navy commanders were present at a ceremony marking the 52nd Indonesian Fleet Day here Saturday.The five retired admirals -- Soebyakto, R. Kasenda, Sudomo, M. Romli dam M.
Mon, 08 Dec 1997
Something is cooking at Nestl Indonesia
Something is cooking at Nestl IndonesiaBy Sona Vora Blessing JAKARTA (JP): There is perhaps hardly a household or family in Indonesia that hasn't tried one of Nestle's many products.If it isn't the ubiquitous Tjap Nona, Nescaf, Milo, Maggi or Cerelac, it is a brand that is unique to Indonesia like...