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Mon, 16 Feb 1998
Argentine peso peg a tough lesson for RI
Argentine peso peg a tough lesson for RI BUENOS AIRES (Reuters): The currency system Indonesia is considering has been a resounding success in restoring economic stability in Argentina but has also contributed to some tough times.
Mon, 16 Feb 1998
Construction of office halted
Construction of office halted SEMARANG, Central Java: Governor Soewardi agreed last week to postpone the construction of a Rp 9.9 billion (US$1 million) retired civil servants headquarters.Soewardi said he had to shelve the project indefinitely due to the current economic crisis.
Mon, 16 Feb 1998
Boeing likely to delay deliveries to Asia due to economic slump
Boeing likely to delay deliveries to Asia due to economic slump KUALA LUMPUR (Reuters): The head of Boeing Co said on Saturday that Asia's financial difficulties might delay airplane deliveries over the next three years but would have no long-term impact on the U.S. aerospace giant's business.
Mon, 16 Feb 1998
Love local products!
Love local products! After the launch of the "Love Rupiah" campaign, the time is now ripe to launch a "Love Indonesian Products" campaign. The theme for this could be: "Be Indonesian and buy Indonesian.
Mon, 16 Feb 1998
S'pore downplays problems with KL
S'pore downplays problems with KL SINGAPORE (AP): Prime Minister Goh Chok Tong will seek a broad base of cooperation during a two-day visit to Kuala Lumpur, Malaysia's capital, according to an interview published yesterday.
Mon, 16 Feb 1998
ASEAN agrees to consider plan on regional currencies in trade
ASEAN agrees to consider plan on regional currencies in trade BALI (AFP): Central bank governors from five key Southeast Asian economies agreed here Saturday to form a task force to study the potential use of their currencies in intra-regional trade settlements.
Mon, 16 Feb 1998
Books and paper price
Books and paper priceFrom Media IndonesiaIndonesia's economic malaise will eventually affect the education sector.A weak currency has resulted in the price of paper soaring to beyond reasonable limits. A number of newspapers and magazines, such as Sinar and Aura have ceased publication.
Mon, 16 Feb 1998
NYL bullish on RI's prospects
NYL bullish on RI's prospects JAKARTA (JP): Many foreign firms are set to abandon or slash the scope of their operations here due to the economic crisis and ominous rumors, but giant U.S. insurance firm New York Life (NYL) is pledging to stay.
Mon, 16 Feb 1998
U.S. provides funds for Atauro
U.S. provides funds for Atauro DILI, East Timor: The U.S. government has provided US$25,000 in aid to alleviate poverty in Atauro island, just north of here, a local official has said.Dili regent Domingos M.D.
Mon, 16 Feb 1998
Telkom to build more phone lines but below set target
Telkom to build more phone lines but below set target JAKARTA (JP): State-owned telecommunications operator PT Telkom said over the weekend that the company and its partners would install at least 1.4 million telephone lines this year but would still not achieve the government's five-year target.
Mon, 16 Feb 1998
NU finds itself in the midst of change
NU finds itself in the midst of change Tradisionalisme Radikal, Persinggungan Nahdlatul Ulama - Negara (Nahdlatul Ulama, Traditional Islam and Modernity in Indonesia); Edited by Greg Fealy and Greg Barton; Foreword by Abdurrahman Wahid; Published by LKIS, Yogyakarta, 1997; xx + 250 pp.; Rp 17,500.
Mon, 16 Feb 1998
Protests greet Malaysia's plan to tear down historic stadium
Protests greet Malaysia's plan to tear down historic stadium In its desire to modernize, Malaysia is set to tear down a historic stadium where independence was proclaimed more than 30 years ago, writes Anil Netto of Inter Press Service. KUALA LUMPUR: On the morning of Aug.
Mon, 16 Feb 1998
Clinton consults with Soeharto about bailout
Clinton consults with Soeharto about bailout WASHINGTON (Reuters): President Bill Clinton spoke with Indonesian President Soeharto for about 30 minutes by telephone on Friday night, a White House official said on Saturday, amid reports a bailout for Indonesia faced potential cutoff because of a...
Mon, 16 Feb 1998
Police officer dies in traffic accident
Police officer dies in traffic accident JAKARTA (JP): A police sergeant from the elite Mobile Brigade died early yesterday after his motorcycle collided with a cigarette stand when he tried to avoid a speeding public minivan on Jl. Raya Pasar Minggu in South Jakarta.Second Sgt.
Mon, 16 Feb 1998
Indonesian hotel faces tough Hanoi market
Indonesian hotel faces tough Hanoi market HANOI (AFP): Indonesia's Sungeiway group launches its US$17 million Hanoi hotel today at a time when existing hotels are crying out for business.Hotel lobbies have long provided a refuge from Hanoi's chaotic streets, but a recent plunge in business travel...
Mon, 16 Feb 1998
PPP nominates Habibie
PPP nominates Habibie JAKARTA (JP): The United Development Party (PPP) formally endorsed B.J. Habibie yesterday for the vice presidency and dropped its boss, Ismail Hasan Metareum, from the candidates list.
Mon, 16 Feb 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Photo Exhibition: World Press Photo '97, at Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta, until Feb. 22. * Original Silkscreens Exhibition by David and Cherie Miles at Australian Embassy Jl. H.R.
Mon, 16 Feb 1998
Financial woes overshadow APEC meeting in Penang
Financial woes overshadow APEC meeting in Penang PENANG, Malaysia (AFP): Asia-Pacific trade officials begin their first round of talks chaired by Malaysia here today with most of the region preoccupied by a financial crisis which has triggered widespread rioting in neighboring Indonesia, the...
Mon, 16 Feb 1998
RI needs pro-reform cabinet to improve economy
RI needs pro-reform cabinet to improve economy The rupiah remains weak and prices are skyrocketing, triggering riots in several towns. Economist Emil Salim, who held portfolios in three previous cabinets, discusses the necessity for Indonesia to have a credible pro-reform cabinet to improve the...
Mon, 16 Feb 1998
Indonesia's peg mirage
Indonesia's peg mirage If, in his anxiety to find a solution to Indonesia's financial crisis, President Soeharto presses ahead with plans to peg the rupiah to the U.S. dollar, he is likely to find himself exchanging crisis for disaster.
Mon, 16 Feb 1998
Govt warns against fuel use
Govt warns against fuel use JAKARTA (JP): The Ministry of Mines and Energy has asked the public not to use a newly introduced unleaded gasoline in motorcycles and equipment using four-stroke engines.Ministry spokesman Bangun Usman Harahap said Friday that the unleaded gasoline, Bensin Biru Dua...
Mon, 16 Feb 1998
Govt forecasts power glut as demand drops
Govt forecasts power glut as demand drops JAKARTA (JP): The government's "optimistic" projection is for power oversupply of at least 4,000 megawatts on the Java-Bali network in three years due to the economic crisis.
Mon, 16 Feb 1998
Govt to subsidize feed meal
Govt to subsidize feed meal JAKARTA (JP): The government has decided to allocate Rp 1.6 trillion (US$160 million) to help stabilize feed meal prices in the domestic market, an official at the Ministry of Agriculture said last week.
Mon, 16 Feb 1998
Malaysia rules out peg
Malaysia rules out peg SINGAPORE (AFP): Malaysia is not looking at a peg for its currency but the idea can be explored by other countries, Prime Minister Mahathir Mohamad said in an interview published here Saturday.
Mon, 16 Feb 1998
ASEAN proposes deal for Ranarridh to run in election
ASEAN proposes deal for Ranarridh to run in election MANILA (Agencies): Southeast Asian governments proposed a compromise formula yesterday to enable exiled Prince Norodom Ranarridh to run in Cambodia's elections, under which he could be tried, pardoned and then join the poll race.
Mon, 16 Feb 1998
Asian markets brace for chaos over rupiah's peg
Asian markets brace for chaos over rupiah's peg SINGAPORE (AFP): Asian foreign exchange and stock markets could face renewed volatility this week amid fears of a standoff between Indonesia and its creditors over Jakarta's plans to peg its currency, economists said.
Mon, 16 Feb 1998
China's exports slow as catastrophe hits Asia
China's exports slow as catastrophe hits Asia SHANGHAI (Reuters): The Asian financial crisis started to take its toll on China's foreign trade as exports slowed in January, economists said yesterday.But they said the latest figures were unlikely to change Beijing's determination to avoid a currency...
Mon, 16 Feb 1998
Taiwan to invest in SE Asia
Taiwan to invest in SE Asia TAIPEI (AFP): Several leading Taiwanese business groups are to form a holding company to invest in Southeast Asian nations devastated by the financial turmoil, a news report said Saturday.Each group is required to put in at least T$500 million (US$15.
Mon, 16 Feb 1998
Five activists held for child labor march
Five activists held for child labor march JAKARTA (JP): Five labor activists remained in police custody Saturday after their arrest the previous day for involvement in the local staging of the Global March against Child Labor, a city police spokesman said.Lt. Col. E.
Mon, 16 Feb 1998
IMF official favors Asia currency basket
IMF official favors Asia currency basket PHILADELPHIA (Reuters): Japan's representative at the International Monetary Fund said Friday that he believed troubled Asian countries could set the stage for economic recovery by pegging their exchange rates to a basket of regional currencies.
Mon, 16 Feb 1998
Haze from forest fires blankets areas in Riau
Haze from forest fires blankets areas in Riau JAKARTA (JP): Thick haze from forest fires has blanketed some regencies in Riau province over the last few weeks, Antara reported Saturday from Pekanbaru.The U.S.
Mon, 16 Feb 1998
Moslem leader decries attacks on Chinese property
Moslem leader decries attacks on Chinese property YOGYAKARTA (JP): Amien Rais, leader of the 28-million-strong Muhammadiyah Moslem organization, denounced yesterday attacks on property owned by the Indonesian Chinese community.
Mon, 16 Feb 1998
RI asks Japan for rice aid
RI asks Japan for rice aid TOKYO (AFP): The Indonesian government has unofficially asked Japan to send 500,000 tons of rice because a food shortage is looming due to a poor harvest and economic woes, a leading daily said Saturday.
Mon, 16 Feb 1998
Dengue fever kills 66 people
Dengue fever kills 66 people PALEMBANG, South Sumatra: At least 66 people in South Sumatra have died of dengue fever since early January, according to a local health official.The head of the provincial health office, Deddy Ruswendi, was quoted by Antara as saying that 1,381 people have been...
Mon, 16 Feb 1998
Prevention key to public order
Prevention key to public order JAKARTA (JP): It is no exaggeration to suggest that the security issue prior to and during the General Session of the People's Consultative Assembly (MPR) next month demands special attention both from the government and the public.
Mon, 16 Feb 1998
Haryono presents aid to Yogya
Haryono presents aid to Yogya YOGYAKARTA: State Minister of Population Haryono Suyono presented Saturday a Rp 6.45 billion (US600,000) state-sponsored rolling fund scheme to the special provincial territory of Yogyakarta.
Mon, 16 Feb 1998
Three-month-old baby has baby
Three-month-old baby has baby JAKARTA (JP): Doctors in the East Java town of Kediri have successfully removed a fetus from a three-month-old female baby, a press report said yesterday.Initially, doctors in the Baptis Hospital had thought that Gita Novia Rahma's stomach had progressively swelled...
Mon, 16 Feb 1998
Emil intends to go forward with VP nomination
Emil intends to go forward with VP nomination DEPOK, West Java (JP): Senior economist Emil Salim has responded favorably to calls by fellow intellectuals for him to be nominated a candidate for the vice presidential election next month."I'm pressing forward.
Mon, 16 Feb 1998
Why always Singapore?
Why always Singapore? When Singapore came to support Indonesia in its monetary crisis, someone pointed out that its pledged US$5 billion was conditional. This may mislead others to think that support from Japan and other countries came without strings attached.
Mon, 16 Feb 1998
Fresh riots hit W. Java subdistrict
Fresh riots hit W. Java subdistrict BANDUNG (JP): A riot triggered by price hikes hit the West Java subdistrict of Kadipaten in Majalengka regency, 10 kilometers east of here, as other towns remained tense yesterday.Dozens of people began to take to Jl. Siliwangi and Jl.
Mon, 16 Feb 1998
Share prices are likely to remain under pressure
Share prices are likely to remain under pressure JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are likely to remain under pressure this week over concerns of heated social and political tensions and uncertainties surrounding the planned currency board system, analysts have said.
Mon, 16 Feb 1998
Japan beats Indonesia in sweeps for Davis Cup placing
Japan beats Indonesia in sweeps for Davis Cup placing SAPPORO, Japan (AP): Japan beat Indonesia in both singles matches yesterday for a 5-0 record in the three-day first round in Group One of the Davis Cup Asia-Oceania Zone.
Mon, 16 Feb 1998
Malaysia and Singapore urge RI to put out forest fires
Malaysia and Singapore urge RI to put out forest fires KUALA LUMPUR (Agencies): Malaysia and Singapore urged Indonesia yesterday to take immediate steps to douse a new wave of fires raging through East Kalimantan.
Mon, 16 Feb 1998
ABRI's new leadership
ABRI's new leadership We all know the government is working hard to overcome the current crisis. One consequence that this brings, however, is a heightened degree of vulnerability to security disturbances.
Mon, 16 Feb 1998
U.S. envoys to gather in S'pore to discuss crisis
U.S. envoys to gather in S'pore to discuss crisis SINGAPORE (AFP): U.S. ambassadors from across Southeast Asia will gather in Singapore this week to discuss the Asian financial crisis and ways to increase U.S. trade with the region, the U.S. embassy said here yesterday.The envoys will meet Feb.
Sun, 15 Feb 1998
In thick or thin, Van Zorge is here for the long run
In thick or thin, Van Zorge is here for the long runBy Edith Hartanto and Budiman Moerdijat JAKARTA (JP): For American James Van Zorge, home is where he makes it. After 11 years' residence in Indonesia and marriage to an Indonesian, it is now here.
Sun, 15 Feb 1998
What expatriates say about the crisis
What expatriates say about the crisis JAKARTA (JP): Not all expatriates enjoy the envied good fortune of a salary denominated in all-powerful American dollars.In fact, those who do take home the greenbacks may well be fretting over their futures and the very real possibility of employers shedding...
Sun, 15 Feb 1998
Bank deposits
Bank depositsFrom KompasThe government has decided to guarantee bank deposits. What about the deposits in the 16 banks liquidated on Nov. 1, 1997? What mistakes did the depositors in those banks make for Bank Indonesia not to extend its guarantee to them?What is the difference between the banks now...
Sun, 15 Feb 1998
Guess What? Hanny Saputra
Guess What? Hanny Saputra Director Hanny Saputra, 31, has a penchant for what he calls "informative controversies". Particularly when he gets to make telecinematic productions on them.Last year critics hailed his award-winning debut production, Sepanjang Jalan Kenangan (Down Memory Lane) -- about a...
Sun, 15 Feb 1998
Love suffers in the 'IMF era'
Love suffers in the 'IMF era' BANGKOK (AFP): The current economic slump has hit Thai lovers where it hurts, forcing them to tighten their belts and spend less on loved ones, a survey on the eve of Valentine's Day said.