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Fri, 20 Feb 1998
Call for jihad 'may have caused riots'
Call for jihad 'may have caused riots' Riots have broken out in small towns in Java, Sumatra and Sulawesi allegedly due to scarcity and surging prices of staple commodities. Masdar F. Mas'udi, director of the Indonesian Society for Pesantren and Community Development, discusses the possible reasons...
Fri, 20 Feb 1998
MPR and Emil Salim
MPR and Emil SalimFrom MerdekaI am a graduate of the Bandung Institute of Technology, a member of the board of the Indonesian Engineers Association, a Golkar member know two prominent Golkar members, B.J. Habibie and Emil Salim.I know these individuals from conferences, seminars and articles.
Fri, 20 Feb 1998
S'pore to back Indonesian LCs as part of rescue plan
S'pore to back Indonesian LCs as part of rescue plan SINGAPORE (Reuters): Singapore said yesterday it would make US$2 billion available if its plan for international guarantees for Indonesian letters of credit is implemented.
Fri, 20 Feb 1998
Mahathir, Bolkiah talk crisis
Mahathir, Bolkiah talk crisis KUDAT, Malaysia (AFP): Prime Minister Mahathir Mohamad said yesterday he discussed the Asian economic crisis and regional cooperation with Brunei's Sultan Hassanal Bolkiah during an overnight visit to the sultanate.
Fri, 20 Feb 1998
Currency board the wrong way forward
Currency board the wrong way forwardBy Akhmad Mukhtar JAKARTA (JP): The Currency Board System (CBS) is not a new concept in economics. Dangers regarding the implementation of a CBS in Indonesia mean that it is important to first determine if the idea to adopt such a system is being touted for...
Fri, 20 Feb 1998
Battered hotel industry faces gloomy outlook
Battered hotel industry faces gloomy outlook JAKARTA (JP): The battered hotel industry is facing a gloomy outlook as fears of social unrest in the country continue.Rudy Setiawan, an executive of the Hotel Sales Management Association, said here yesterday that occupancy rates of star- rated hotels...
Fri, 20 Feb 1998
Teenager killed in traffic accident
Teenager killed in traffic accident JAKARTA (JP): A teenager who came to the city in search of work was hit by a bus and killed on Jl. Ir. H. Juanda in Ciputat, South Jakarta, on Wednesday night.The victim, Yuhri, 16, from South Lampung in Sumatra, was treated at IAIN clinic but later died from his...
Fri, 20 Feb 1998
Police, Bapepam join forces to prevent crime
Police, Bapepam join forces to prevent crime JAKARTA (JP): National Police and the Capital Market Supervisory Agency (Bapepam) agreed yesterday to jointly investigate crimes in the local stock markets.A memorandum of understanding was signed by National Police chief Gen.
Fri, 20 Feb 1998
Soedradjad admits failure over crisis
Soedradjad admits failure over crisis JAKARTA (JP): Former Bank Indonesia governor J. Soedradjad Djiwandono acknowledged that he failed to contain the monetary crisis and restore confidence in the banking system.
Fri, 20 Feb 1998
Bomb hoaxes are 'political ploys'
Bomb hoaxes are 'political ploys' JAKARTA (JP): National Police chief Gen. Dibyo Widodo hinted yesterday that all the bomb threats and rumors of riots were the ploy of a certain group which had its own political agenda."These activities have tended to be politicized.
Fri, 20 Feb 1998
Smog causes health problems in Samarinda
Smog causes health problems in Samarinda JAKARTA (JP): Thick haze from the spreading forest fires in East Kalimantan has forced flights to be delayed and is causing health problems for the locals, a media report said yesterday.
Fri, 20 Feb 1998
PSSI denies treating Henk Wullems unfairly
PSSI denies treating Henk Wullems unfairly JAKARTA (JP): The All-Indonesian Soccer Federation (PSSI) has expressed surprise over Henk Wullems' statement that it treated him unfairly by not extending his contract.
Fri, 20 Feb 1998
LDP report urges G-7 nations to work together on rupiah
LDP report urges G-7 nations to work together on rupiah TOKYO (Reuters): The Group of Seven (G-7) nations should promote international cooperation to stabilize Indonesia's rupiah, a delegation of Japan's ruling Liberal Democratic Party (LDP) which visited the country recently proposed in a report...
Fri, 20 Feb 1998
Authorities order minivan and bus crews not to go on strike
Authorities order minivan and bus crews not to go on strike JAKARTA (JP): The city police, military and municipality have instructed the crews of minivans and city buses not to go on strike demanding ticket price increases or protesting against the skyrocketing prices of spare parts.
Thu, 19 Feb 1998
Share prices up slightly from second-line stocks
Share prices up slightly from second-line stocks JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) edged up 0.1 percent yesterday on the back of local buying of second-line stocks, stockbrokers said.
Thu, 19 Feb 1998
Germany gives RI US$206m
Germany gives RI US$206m JAKARTA (JP): German Finance Minister Theo Waigel signed a memorandum of understanding (MOU) yesterday to provide Indonesia with Dm375 million (US$206 million) in financial assistance to help fight the economic crisis.
Thu, 19 Feb 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 18, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 10,500.00Austrian shilling 1 562.40 851.20Australian dollar 1 5,002.50 7,087.50Belgian franc 1 198.50 279.80Canadian dollar 1 5,197.
Thu, 19 Feb 1998
Lombok tourists blissfully unaware of recent riots
Lombok tourists blissfully unaware of recent riotsBy Christopher Torchia SENGGIGI, Lombok (AP): Standing in a swimsuit by the pool of a beachside resort, an Australian tourist was nonchalant about recent street protests in Indonesia.
Thu, 19 Feb 1998
'Poor law enforcement' hampering corruption fight
'Poor law enforcement' hampering corruption fight JAKARTA (JP): Efforts to eradicate corruption are often hampered by poor law enforcement and poor coordination between officials, Vice President Try Sutrisno acknowledged yesterday.
Thu, 19 Feb 1998
Aid pours in as fires still rage in E. Kalimantan
Aid pours in as fires still rage in E. Kalimantan JAKARTA (JP): Reports of spreading forest and brush fires in East Kalimantan have prompted several countries to offer the government fire-fighting equipment, a cabinet minister has said.
Thu, 19 Feb 1998
Racial and religious sentiments
Racial and religious sentimentsFrom NeracaThe economic crisis raging in the past seven months has brought sufferings to the public at large. Those worst hit by the crisis are people in the lowest social layer.
Thu, 19 Feb 1998
KHI Pipe to export 25% of its production
KHI Pipe to export 25% of its production JAKARTA (JP): Steel pipe producers PT KHI Pipe Industries, a subsidiary of the state-owned steel producer PT Krakatau Steel, will export at least 25 percent of its production capacity this year due to a sluggish demand in the domestic market.
Thu, 19 Feb 1998
Sampoerna's net sales rose 25.6% in 1997
Sampoerna's net sales rose 25.6% in 1997 JAKARTA (JP): Publicly listed cigarette maker PT HM Sampoerna reported a 25.6 percent increase in net sales last year to Rp 2.97 trillion (US$330.22 million), the company announced yesterday.
Thu, 19 Feb 1998
Habibie set for dialog with Emil -- at the right time
Habibie set for dialog with Emil -- at the right time JAKARTA (JP): State Minister of Research and Technology B.J. Habibie welcomed yesterday senior economist Emil Salim's offer for a dialog on economic issues, but said it was unfeasible at present as the country was preparing for the General...
Thu, 19 Feb 1998
Market info center formed
Market info center formed JAKARTA (JP): The Ministry of Industry and Trade has formed a market information center to provide consumers with information on prices and stocks of commodities in the domestic market.
Thu, 19 Feb 1998
FAI to sign Indonesian deal
FAI to sign Indonesian deal SYDNEY (Reuters): FAI Insurances Ltd. will enter into a joint venture with an insurance company in Indonesia once it gets approval from the Indonesian government, FAI chief executive Rodney Adler said yesterday.
Thu, 19 Feb 1998
Garuda reduces flights on Jakarta-Yogya route
Garuda reduces flights on Jakarta-Yogya route JAKARTA (JP): State-owned Garuda Indonesia airlines will reduce its number of daily flights between Jakarta and Yogyakarta from seven to six starting next week.
Thu, 19 Feb 1998
Jakarta bids for Olympics 2008
Jakarta bids for Olympics 2008 JAKARTA (JP): State Minister for Youth Affairs and Sports Hayono Isman will report to President Soeharto on Jakarta's bid to host the 2008 Summer Olympics."Staging a huge event such as the Olympics will not be easy considering the economic situation in our country,"...
Thu, 19 Feb 1998
Germany's appeals against CBS plan
Germany's appeals against CBS plan JAKARTA (JP): German Finance Minister Theo Waigel has said he fully understands Indonesia's objectives in introducing a currency board system (CBS) to stabilize its currency, but that such a system is not viable at this point in time.
Thu, 19 Feb 1998
Pharmaceutical industry may face drug shortages
Pharmaceutical industry may face drug shortages JAKARTA (JP): The city chapter of the Federation of Pharmaceutical Entrepreneurs has strongly urged foreign banks to accept its members' letters of credit (L/Cs) issued by local banks.
Thu, 19 Feb 1998
Share prices
Share pricesNotice: Due to technical problems at the Jakarta Stock Exchange, The Jakarta Post cannot provide the daily share price quotations today. -- Editor
Thu, 19 Feb 1998
Palm oil export ban: Light at end of the tunnel?
Palm oil export ban: Light at end of the tunnel? LONDON (Reuters): Reports coming out of Indonesia yesterday morning seemed to give the European vegetable oil market hope of light at the end of the tunnel, or is there?"There is light, but it's only a candle and that can soon be blown out," said one...
Thu, 19 Feb 1998
Balinese poet to go Dutch
Balinese poet to go Dutch DENPASAR, Bali: Balinese poet Warih Wisatsana is scheduled to perform in the winter festival Nachten, scheduled to last from February through mid-March in The Hague, the Netherlands.
Thu, 19 Feb 1998
Girl commits suicide
Girl commits suicide JAKARTA (JP): A 19-year-old housemaid hanged herself in the Pondok Indah housing complex in South Jakarta Tuesday, raising the death toll from suicide to nine this year.A forensic expert, Zulhasmar Syamsu, said yesterday the victim was identified as Suharti, who worked for a...
Thu, 19 Feb 1998
Two robberies in Tangerang
Two robberies in Tangerang TANGERANG (JP): Two groups of robbers broke into two houses Tuesday morning, making away with cash, jewelry and electronic goods worth millions of rupiah.Tangerang Police chief Lt. Col. Aryanto Boediharjo said the first robbery took place in a house on Jl.
Thu, 19 Feb 1998
PT Sri Langka joins International Exhibition Logistics Associates (IELA)
PT Sri Langka joins International Exhibition Logistics Associates (IELA) In the world of international exhibitions and projects, nerves are wrung raw with the stress of organizing exhibits and projects, from their arrival to being handled and set up properly.
Thu, 19 Feb 1998
Wullems disappointed with federation
Wullems disappointed with federation JAKARTA (JP): Former national soccer team coach Henk Wullems of the Netherlands expressed disappointment in the All Indonesian Soccer Federation, which he called "dishonest.
Thu, 19 Feb 1998
Hayono to consider Yayuk's request on departure tax
Hayono to consider Yayuk's request on departure tax JAKARTA (JP): Minister of Youth Affairs and Sports Hayono Isman has said Indonesia's number one women's tennis player Yayuk Basuki's request that she be charged only Rp 250,000 in departure tax was under consideration.
Thu, 19 Feb 1998
Bogor inaugurates reservoir in flood-reduction effort
Bogor inaugurates reservoir in flood-reduction effort BOGOR (JP): West Java Governor R. Nuriana inaugurated yesterday an eight-hectare lake located in the center of the Bogor regency office compound in Tengah village, Cibinong district.
Thu, 19 Feb 1998
Troubled Asia urged to keep markets open
Troubled Asia urged to keep markets open SINGAPORE (AFP): U.S. Commerce Secretary William Daley urged troubled Asian countries yesterday to keep markets open to ensure long-term economic security as U.S. envoys prepared for talks here on the region's financial crisis.
Thu, 19 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Robbie and The Rascal 3:10 Science Film: Modern Eye for Traditional 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Music Lessons: Ansamble Musik Tiup...
Thu, 19 Feb 1998
Two men arrested for robberies in W. Jakarta
Two men arrested for robberies in W. Jakarta JAKARTA (JP): Two men who allegedly worked together to prey on public transportation passengers were arrested separately in West Jakarta in the past two days.
Thu, 19 Feb 1998
Fire leaves 550 homeless
Fire leaves 550 homeless BANJARMASIN, South Kalimantan: A fire that broke out in the "diamond town" of Martapura Tuesday evening has left 550 people homeless and caused losses of about Rp 500 million (US$52,600).
Thu, 19 Feb 1998
U.S. academic at center of economic storm over currency reforms
U.S. academic at center of economic storm over currency reformsBy Rob Lever WASHINGTON (AFP): The economist tapped by Indonesia to map out a currency stabilization plan is a former adviser to the White House and to other governments, and ironically a manager of a hedge fund that has profited from...
Thu, 19 Feb 1998
Badminton body to send 22 shuttlers to All England
Badminton body to send 22 shuttlers to All England JAKARTA (JP): The Badminton Association of Indonesia will send 22 shuttlers next month to the 1998 All England Badminton Championships in Birmingham, England.The association's secretary-general, Leo Ch.
Thu, 19 Feb 1998
Bishop calls on Amien
Bishop calls on Amien YOGYAKARTA (JP): The Archbishop of Semarang, Suharyo, paid a rare courtesy call on Amien Rais, leader of the 28-million-strong Moslem organization Muhammadiyah, here yesterday.Both Suharyo and Amien declined to go into the details of what they discussed.
Thu, 19 Feb 1998
RI's political system needs reform
RI's political system needs reform Presidential and vice-presidential elections are drawing closer. Clearer signs have now emerged from political groupings about whom they are going to elect. Political scientist J.
Thu, 19 Feb 1998
ASEAN may be forced to abandon peace role
ASEAN may be forced to abandon peace role BANGKOK (Agencies): ASEAN may be forced to abandon its efforts to find a peaceful solution to the Cambodian crisis due to opposition from strongman Hun Sen, a report said yesterday.
Thu, 19 Feb 1998
Moslems told to stay away from riots
Moslems told to stay away from riots YOGYAKARTA (JP): Amien Rais, the leader of the 28-million- strong Moslem organization Muhammadiyah, called on Moslems yesterday to stay away from riots targeting the property of people of Chinese descent.
Thu, 19 Feb 1998
Soedradjad replaced
Soedradjad replaced Overall reorganization of the central bank (Bank Indonesia) had been anticipated since last week's official confirmation of the government's intention to introduce a currency board system, seen to be a quick fix solution to the rupiah volatility.