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Tue, 17 Feb 1998
MMC hospital raises room rates
MMC hospital raises room rates JAKARTA (JP): The economic crisis has forced the Metropolitan Medical Center (MMC) Hospital in Kuningan, South Jakarta, to raise its upper-class room rates by 10 percent since last month, its development director, Robby Tandiari, said Saturday.
Tue, 17 Feb 1998
Editing arrogance
Editing arrogance Those of us who have, over many years, contributed to the "Your Letters" column, and subscribed to the newspaper, are well aware that the editorial arrogance of The Jakarta Post team knows no bounds.
Tue, 17 Feb 1998
Hopewell income from RI
Hopewell income from RI HONG KONG (Reuters): Hopewell Holdings Ltd chairman Gordon Wu said yesterday the company expected annual pre-tax income from its Tanjung Jati B project in Indonesia of about HK$2.1 billion once the power plant comes on stream in 2000.
Tue, 17 Feb 1998
Dharmala building target of bomb hoax
Dharmala building target of bomb hoax JAKARTA (JP): A bomb threat prompted the evacuation of 2,000 office workers from Wisma Dharmala Sakti building on Jl. Jend. Sudirman, South Jakarta yesterday.A phone call was received at 9 a.m.
Tue, 17 Feb 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Painting Exhibition: International Indonesian Paintings Exhibition 1998 by Jeihan, Popo, Erica Hestu Wahyuni, Krisna Murti, Faizal, Maria Tjui, etc., at Grand Aquila Hotel, lobby, Jl. Dr. Djundjunan No. 116, until Feb. 28.
Tue, 17 Feb 1998
Tangerang to raise tap water tariffs
Tangerang to raise tap water tariffs TANGERANG (JP): Regency-owned drinking water company PDAM Tangerang will raise its tariffs for tap water supplied to Jakarta 26.6 percent, a company director said over the weekend.
Tue, 17 Feb 1998
Alatas opens UN backed disarmament conference
Alatas opens UN backed disarmament conference JAKARTA (JP): Minister of Foreign Affairs Ali Alatas opened a conference on disarmament yesterday by calling on regional nuclear powers to respect Southeast Asia's desire to remain free of nuclear weapons and to support a landmark treaty signed last...
Tue, 17 Feb 1998
More hot spots detected in Kalimantan
More hot spots detected in Kalimantan JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo said satellite imagery from the U.S. National Oceanic and Atmospheric Administration had revealed 895 hot spots in East Kalimantan yesterday.Last Tuesday 200 hot spots were detected.
Tue, 17 Feb 1998
She does it to support family
She does it to support familyBy Sri Wahyuni YOGYAKARTA (JP): Endah Fariana claims any woman can do what she does for a living -- drive an inter-provincial bus for 600 kilometers every day -- though she concedes that not many would want to.
Tue, 17 Feb 1998
Tycoons to donate food packages to 100,000 families
Tycoons to donate food packages to 100,000 families JAKARTA (JP): Three of the country's tycoons -- Sudono Salim, Sukamdani Sahid Gitosardjono and The Nin King -- pledged yesterday to provide staple food worth Rp 3 billion to 100,000 Jakarta families.
Tue, 17 Feb 1998
Fresh riots hit West Java and S. Sumatra towns
Fresh riots hit West Java and S. Sumatra towns BANDUNG (JP): Fresh rioting hit the West Java town of Pangalengan yesterday while unrest continued in the South Sumatra subdistrict of Pagaralam.In Pangalengan, police arrested three people on charges of inciting the riot in which eight shops were...
Tue, 17 Feb 1998
Habibie unchallenged in VP election
Habibie unchallenged in VP election JAKARTA (JP): Golkar chairman Harmoko bowed out of the vice presidential race yesterday, leaving the coast clear for State Minister of Research and Technology B.J. Habibie to press forward unchallenged.
Tue, 17 Feb 1998
Bakrie meets creditors
Bakrie meets creditors JAKARTA (JP): PT Bakrie & Brothers held a meeting with representatives of its international creditors yesterday to restructure its foreign debts.Aburizal Bakrie, chairman of the Bakrie Group, said at the meeting: "The key to our future lies in executing now a restructuring of...
Tue, 17 Feb 1998
New chief for Bogor prosecutors
New chief for Bogor prosecutors BOGOR (JP): Djuharia Anwar, 50, was installed yesterday as head of the Bogor Prosecutor's Office.He replaced Umar, who has been promoted to head the legal affairs and enforcement subdirectorate of the Attorney General's Office directorate of economic crimes.
Tue, 17 Feb 1998
IMF chief confirms threat to Indonesia over dollar peg
IMF chief confirms threat to Indonesia over dollar peg BRUSSELS (AFP): The International Monetary Fund has warned Indonesian that its 43-billion-dollar bailout of the country could be jeopardized by its plan to peg the rupiah to the dollar, IMF Managing Director Michel Camdessus said here yesterday.
Tue, 17 Feb 1998
Worries over RI standoff tug down bourses
Worries over RI standoff tug down bourses SINGAPORE (AFP): Worries over a damaging standoff between Indonesia and the International Monetary Fund (IMF) over a pegged exchange-rate sparked a sell-off on Asia-Pacific stock markets yesterday.
Tue, 17 Feb 1998
Malaysia, Singapore discuss regional woes
Malaysia, Singapore discuss regional woes KUALA LUMPUR (Reuters): The leaders of Malaysia and Singapore met yesterday to discuss the region's economic turmoil but did not offer specific solutions to overcome it, a Malaysian minister said.
Tue, 17 Feb 1998
Pudjiadi sells assets to pay foreign debts
Pudjiadi sells assets to pay foreign debts JAKARTA (JP): Publicly listed hotel operator PT Pudjiadi & Sons Estates Ltd. is selling its property assets in the U.S. to pay its foreign debts.The company's shareholders agreed Feb.
Tue, 17 Feb 1998
State timber firms in Sumatra to merge
State timber firms in Sumatra to merge JAKARTA (JP): State timber companies PT Inhutani IV and PT Inhutani V will be merged into a single company, a minister said yesterday.Minister of Forestry Djamaludin Suryohadikusumo said the merger of the two Sumatran-based companies would improve forest...
Tue, 17 Feb 1998
Concern over economic disparity
Concern over economic disparityFrom RepublikaThe gathering of Moslems after Ramadhan to exchange expressions of forgiveness (halal bihalal) at Monas Square in the evening of Feb. 2, organized by the Jakarta Administration and the MUI (Indonesian Council of Ulemas), has given birth to a pledge by...
Tue, 17 Feb 1998
Soybean import duty lifted
Soybean import duty lifted JAKARTA (JP): The government has abolished its 20 percent import duty on soybeans to curb further price increases of the commodity in the domestic market.The Ministry of Finance said yesterday that the move was needed to stabilize soybean trading.
Tue, 17 Feb 1998
Bulog to supply 4.3m tons of rice in 1998/1999
Bulog to supply 4.3m tons of rice in 1998/1999 JAKARTA (JP): The State Logistics Agency (Bulog) said yesterday it would supply 4.3 million tons of rice to the market in the 1998/1999 fiscal year to ensure price stability.
Tue, 17 Feb 1998
Private schools delay fee hike plans
Private schools delay fee hike plans JAKARTA (JP): Some private schools in the city have temporarily postponed increasing monthly tuition fees and the upcoming yearly admission payment due to the nation's economic woes.
Tue, 17 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 16, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 575 -125 17,500 AHAP Insurance 350 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 325 -25 3,350,000 Alumindo...
Tue, 17 Feb 1998
Indonesia's currency board dilemma
Indonesia's currency board dilemma It is quite normal for international financial institutions (the IMF and the World Bank) to say that Indonesia should not rush into implementing the currency board system before it has fully implemented its current economic reform package.
Tue, 17 Feb 1998
PT Nestle defends its Tangerang distributor
PT Nestle defends its Tangerang distributor JAKARTA (JP): PT Nestle Indonesia, one of the country's largest milk producers, denied yesterday that its Tangerang-based distributor PT Pangan Elok Mandiri housed stockpiles of its products.
Tue, 17 Feb 1998
Govt to consult IMF on CBS plan, minister says
Govt to consult IMF on CBS plan, minister says JAKARTA (JP): The government will consult the International Monetary Fund (IMF) over its plan to adopt a currency board system which would peg the rupiah to a fixed exchange rate, the state minister of national development planning said yesterday.
Tue, 17 Feb 1998
CBS may rock banking industry and forex reserves
CBS may rock banking industry and forex reserves The government's plan to adopt the Currency Board System (CBS) has raised public debate on its advantages and disadvantages. Economist Kwik Kian Gie looks at the risks of the system.
Tue, 17 Feb 1998
Sliding rupiah further shakes Asian currencies
Sliding rupiah further shakes Asian currencies SINGAPORE (Reuters): Asian currencies suffered from the Indonesian rupiah's whims yesterday in the face of growing international resistance to Jakarta's plans to adopt a currency board system.
Tue, 17 Feb 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax.The new conversion rates will be valid for one week, from Feb.
Tue, 17 Feb 1998
U.S. investors show interest in agricultural industry
U.S. investors show interest in agricultural industry JAKARTA (JP): U.S. investors have expressed interest in Indonesia's agricultural sector, an executive of the Indonesian Chamber of Commerce and Industry (Kadin) has said.The head of Kadin's U.S.
Tue, 17 Feb 1998
Eight RI migrants rescued
Eight RI migrants rescued KUALA LUMPUR (Reuters): Malaysian police have found eight illegal Indonesian immigrants who survived a shipwreck which claimed at least eight lives, news reports said yesterday.
Tue, 17 Feb 1998
Emil exercises democracy with VP bid
Emil exercises democracy with VP bid JAKARTA (JP): Landslide support for B.J. Habibie failed to push former environment minister Emil Salim out of the race for the vice presidency yesterday.Emil, who has strong support from fellow academics, pro- democracy activists and the public alike, will...
Tue, 17 Feb 1998
Soeharto-Habibie duo in next month's elections
Soeharto-Habibie duo in next month's elections JAKARTA (JP): State Minister of Research and Technology B.J. Habibie has a clear run-in to the vice presidential elections, now that his main rivals have bowed out.
Tue, 17 Feb 1998
Japanese govt pledges to assist Indonesia
Japanese govt pledges to assist Indonesia JAKARTA (JP): The Japanese government has reaffirmed its previous pledge that it would help Indonesia resolve its economic crisis.A Japanese economic mission, led by Tadao Chino, assured the President yesterday that Japan would do its best to help Indonesia.
Mon, 16 Feb 1998
Tourist arrivals up 5% in 1997
Tourist arrivals up 5% in 1997 Jakarta (JP): Foreign tourist arrivals in Indonesia rose by 5.04 percent last year to 5.03 million visitors, below the pessimistic target of 5.3 million.Data from the Ministry of Tourism, Post and Telecommunication shows the country's foreign exchange earnings from...
Mon, 16 Feb 1998
More tips on faxing directly from your personal computer
More tips on faxing directly from your personal computerBy Zatni Arbi JAKARTA (JP): It is always sad to bid farewell to a good friend if you don't know how long it will be until you can see each other again.
Mon, 16 Feb 1998
Garuda suspends flights to S'pore
Garuda suspends flights to S'pore MEDAN, North Sumatra: Garuda Indonesia has temporarily suspended its daily flights from here to Singapore and Malaysia due to a sharp decline in the number of passengers over the last few months, an official said Saturday.
Mon, 16 Feb 1998
A long and winding road for local music industry
A long and winding road for local music industryBy Helly Minarti JAKARTA (JP): Piles of cassettes and compact discs (CDs) are taken off the shelves of a music store in Central Jakarta. And, for the second time in as many months, an employee is busy replacing the price tags.
Mon, 16 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:45 Cartoon: The Big Valley 3:10 TV Drama: Kabar Terakhir Dari Sanggar 3:35 Religious Teachings: Buddha 4:00 Regional News 4:30 Documentary: Berseri Hutan Lestari 5:00 Indonesian Lesson 5:25 Variety Show 5:30 Documentary: Transmigrasi Umum 6:00 News: Lintasan...
Mon, 16 Feb 1998
Skepticism looms over RI's CBS plan
Skepticism looms over RI's CBS plan HONG KONG (Reuters): Asian fund managers have expressed a high degree of skepticism over proposals by Indonesia to introduce a currency board mechanism.They said Indonesia needed confidence rather than a new monetary system to shore up the rupiah, which Friday...
Mon, 16 Feb 1998
Wardiman installs Asman as new UI rector
Wardiman installs Asman as new UI rector DEPOK, West Java (JP): Asman Boedisantoso Ranakusuma has replaced M.K. Tadjudin as the new rector of the University of Indonesia (UI), taking over the management of 32,600 students and a faculty of 2,561.
Mon, 16 Feb 1998
SE Asian bank governors ask IMF to be more flexible
SE Asian bank governors ask IMF to be more flexible BALI (AFP): Southeast Asian central bank governors urged the International Monetary Fund (IMF) Saturday to be more flexible in imposing conditions for bailouts and other aid to economies troubled by the region's currency crisis.
Mon, 16 Feb 1998
KL to re-evaluate peacekeeping role
KL to re-evaluate peacekeeping role KUALA LUMPUR (AP): Malaysia's Defense Ministry announced yesterday plans to re-evaluate its role with the United Nations peacekeeping mission in Bosnia at the end of June, when its mandate expires.
Mon, 16 Feb 1998
DCR downgrades the ratings of Indonesian corporates
DCR downgrades the ratings of Indonesian corporates HONG KONG (Reuters): Duff & Phelps Credit Rating Co. (DCR) has downgraded the ratings of several Indonesian entities and securities and reaffirmed its ratings on several Indonesian structured transactions.
Mon, 16 Feb 1998
Police interrogate five for stockpiling food commodities
Police interrogate five for stockpiling food commodities TANGERANG (JP): At least five warehouse owners are being interrogated by police following the finding of vast stocks of food commodities on their premises, police said yesterday.
Mon, 16 Feb 1998
New guards at ABRI
New guards at ABRI If all goes well, President Soeharto will install Gen. Wiranto as the new chief of the Armed Forces (ABRI), and Gen. Subagyo as Army chief of staff at the presidential palace today.Changes in ABRI's leadership may be as regular as clockwork, but given the military's powerful...
Mon, 16 Feb 1998
Hamami warns political protesters
Hamami warns political protesters JAKARTA (JP): City Police chief Maj. Gen. Hamami Nata yesterday vowed to take stern action against any groups protesting for political purposes."If a demonstration seems to have a political motive behind it, we will charge them (protesters) based on Law No.
Mon, 16 Feb 1998
Yangon blasts Thai labor move
Yangon blasts Thai labor move YANGON (AFP): Authorities in Myanmar have described as "pitiful" the repatriation of hundreds of their workers from Thailand and accused Bangkok of double standards."It is rather pitiful that Myanmar nationals, legal or otherwise, once welcomed in Thailand are now...
Mon, 16 Feb 1998
Two arrested for alleged involvment in drug ring
Two arrested for alleged involvment in drug ring JAKARTA (JP): Two men were arrested Saturday at a house in Salemba, Central Jakarta, for alleged involvement in distributing marijuana.City police spokesman Lt. Col. E.