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Sat, 14 Feb 1998
'Jakarta Post' wins photography awards
'Jakarta Post' wins photography awards JAKARTA (JP): The organizer of badminton's Lipton World Grand Prix final judged two photographs from The Jakarta Post as the winning images from the four-day meet in December last year.
Sat, 14 Feb 1998
Film description
Film description On Nov. 8, 1997, The Jakarta Post printed a letter written by Branimir Salevic (TV programs) in which attention was drawn to an ongoing deficiency in the Post's daily TV program guide.This deficiency was (and still is) the lack of even basic information about the content of some of...
Sat, 14 Feb 1998
Thailand to revise old law
Thailand to revise old law BANGKOK (AFP): Thailand is considering abolishing its decades- old anti-Communism law which some politicians say could be used to suppress ordinary citizens, reports said yesterday.
Sat, 14 Feb 1998
Friday the 13th spooks Asian stock markets
Friday the 13th spooks Asian stock markets HONG KONG (AFP): Asian markets were hit hard with investors apparently frightened away by ill omens yesterday, the 13th, with sharp falls in Hong Kong and Tokyo sparking profit-taking throughout the region, analysts said.
Sat, 14 Feb 1998
ADB to lend Thailand $1b
ADB to lend Thailand $1b BANGKOK (Reuters): The Asian Development Bank is finalizing details of a $1 billion, five-year syndicated loan to help Thailand boost its exports by March, Thai finance ministry officials said yesterday.
Sat, 14 Feb 1998
Economists oppose RI currency board
Economists oppose RI currency board MANILA (AP): Southeast Asian economists believe Indonesian plans for a currency board and Malaysian proposals for the use of local currencies in trade will further aggravate the region's financial crisis, an official said yesterday.
Sat, 14 Feb 1998
The currency board system
The currency board system President Soeharto's fast, bold move on a fixed exchange rate system under currency board arrangements, to arrest the wild volatility and downward spiral of the rupiah, is founded strongly on both economic and political rationale.
Sat, 14 Feb 1998
ASEAN electronic commerce
ASEAN electronic commerce KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad called yesterday for the establishment of an ASEAN framework on electronic commerce amid the dawn of the digital marketplace.
Sat, 14 Feb 1998
Quake jolts Bandarlampung
Quake jolts Bandarlampung BANDARLAMPUNG, Lampung: Thousands of people here rushed out of their homes in panic late Wednesday night as a strong quake jolted the municipality for a few seconds.Some residents in Way Halim and Karunia Indah housing complexes told Antara shortly after the quake that...
Sat, 14 Feb 1998
RI currency board plan drives Asian currencies
RI currency board plan drives Asian currencies SINGAPORE (Reuters): Asian currencies recovered some lost ground late yesterday as traders hedged their bets on signs Indonesia would go ahead with a currency board system to stabilize its rupiah despite mounting criticism of the plan.
Sat, 14 Feb 1998
New Deans
New Deans Former minister of mines and energy M. Sadli (left), new dean of the University of Indonesia's School of Economics Anwar Nasution (right) and new dean of the School of Social and Political Sciences Kamanto Sunarto.
Sat, 14 Feb 1998
Malaysia against fixed rate
Malaysia against fixed rate SHAH ALAM, Malaysia (AFP): Finance Minister Anwar Ibrahim said yesterday that Malaysia would not consider adopting a currency board system such as that being planned by Indonesia.
Sat, 14 Feb 1998
Deadline for bank capital requirement rescheduled
Deadline for bank capital requirement rescheduled JAKARTA (JP): Bank Indonesia (BI) has agreed to postpone introducing a requirement that commercial banks hold a minimum capital of Rp 2 trillion for one year, until the end of 2000, following a request from the Private National Banking Association...
Sat, 14 Feb 1998
Snake smuggling attempt foiled
Snake smuggling attempt foiled SURABAYA: Customs and excise officials here foiled a company's attempt to smuggle 1,500 protected snakes out to China on Thursday, a press report said yesterday.The snakes, which were to be smuggled by PT Pilar Rekayasa Muda to Chinese restaurants in Guangzhou...
Sat, 14 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 13, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 350 -25 63,500 Alumindo...
Sat, 14 Feb 1998
Activists oppose police phone tapping plan
Activists oppose police phone tapping plan JAKARTA (JP): A police plan to access cellular phones and stop political calls were met with strong criticism yesterday from a human right campaigner and a legal activist.
Sat, 14 Feb 1998
Precocious child in book of record
Precocious child in book of record JAKARTA (JP): She is only four-year-old, but she writes Roman numerals up to 2,000, calculates the cotangent, cosine and sine of a triangle and the roots of numbers of up to 225,000.
Sat, 14 Feb 1998
Overseas trip prohibited
Overseas trip prohibited MEDAN, North Sumatra: Governor Raja Inal Siregar has prohibited regents and mayors from traveling overseas until after the upcoming meetings of People's Consultative Assembly in Jakarta scheduled for March 1 to March 11.
Sat, 14 Feb 1998
RI corporate debtors set up contact committee
RI corporate debtors set up contact committee JAKARTA (JP): Indonesia's private corporate debtors established a contact committee yesterday to move forward on negotiations with their foreign creditors.The chairman of the Corporate Foreign Debt Settlement Team, Radius Prawiro, said yesterday the...
Sat, 14 Feb 1998
Trading course for newly unemployed
Trading course for newly unemployed JAKARTA (JP): Central Jakarta mayoralty has been selected for a pilot project designed to return people recently made redundant to work, Mayor Andi Subur Abdullah said yesterday.
Sat, 14 Feb 1998
Winter Olympics out in the cold
Winter Olympics out in the cold As far as I know, Indonesia is not participating in the ongoing Winter Olympics in Japan, but I still feel it is a great pity local TV stations are completely ignoring this important event, which people around the world are following with enthusiasm.
Sat, 14 Feb 1998
UPS eyes Indonesian deal
UPS eyes Indonesian deal HONG KONG (Reuters): United Parcel Service (UPS) expects to finalize its joint venture with Indonesia's PT Cardig Citra and the Salim group at the end of this month, UPS vice president for Asia Pacific Charles Adams said.
Sat, 14 Feb 1998
W. Sumatra to host 2nd leg Gudang Garam motocross
W. Sumatra to host 2nd leg Gudang Garam motocross JAKARTA (JP): The province of West Sumatra has been chosen to host the second leg of the Gudang Garam international motocross championships, from March 11 to March 12.West Sumatra capital Bukittinggi will probably be the venue for the event.
Fri, 13 Feb 1998
132 protesters tried for joining demonstration
132 protesters tried for joining demonstration JAKARTA (JP): One hundred and thirty-two people allegedly involved in a protest over soaring prices Wednesday, were indicted during a mass trial at Jakarta Police Headquarters yesterday.
Fri, 13 Feb 1998
Smog threat hovers over SE Asia again: Scientists
Smog threat hovers over SE Asia again: Scientists SINGAPORE (Reuters): Southeast Asia could soon be blanketed by another smoke haze as bush and forest fires spread again across Indonesia, scientists said yesterday.
Fri, 13 Feb 1998
Stock prices tumble 9.29 percent
Stock prices tumble 9.29 percent JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) dropped for a fourth consecutive day yesterday with the main price index tumbling 9.29 percent in sluggish trading.
Fri, 13 Feb 1998
Perhutani wants 14.6% increase in revenue
Perhutani wants 14.6% increase in revenue JAKARTA (JP): State-owned forestry company Perum Perhutani announced yesterday that it expected Rp 1.01 trillion (US$134.66 million) in revenues, up 14.6 percent from the Rp 881 billion the previous year.Perhutani's president H.
Fri, 13 Feb 1998
Misconduct reports checked by PSSI
Misconduct reports checked by PSSI JAKARTA (JP): The All Indonesian Football Federation (PSSI) has received a report saying that several referees in the regions had transferred money to the bank account of one of the federation's officer's here.
Fri, 13 Feb 1998
Water bomber grounded
Water bomber grounded SAMARINDA, East Kalimantan: The water bomber sent by the Australian government to help put out forest fires in the province is unable to take part in fire fighting efforts due to technical problems.
Fri, 13 Feb 1998
Shops damaged, houses torched in W. Java riot
Shops damaged, houses torched in W. Java riot BANDUNG (JP): Eight shops were damaged and five houses and seven motorcycles torched when hundreds of people ran amok yesterday in Jatiwangi, about 90 kms east of here, officials said.
Fri, 13 Feb 1998
City councilor calls for optimal use of idle land
City councilor calls for optimal use of idle land JAKARTA (JP): A city councilor urged the municipality yesterday to promote the farming of idle plots of land, including those owned by the private sector.
Fri, 13 Feb 1998
Asian currencies shaken by doubts on RI plan
Asian currencies shaken by doubts on RI plan SINGAPORE (Reuters): Doubts about Indonesia's plans to adopt a currency board system weighed upon Asian currency markets on Thursday, putting an abrupt end to recent gains.Dealers said skepticism about the proposal was heightened by U.S.
Fri, 13 Feb 1998
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz. * English poetry over the Internet: a happy occurrence indeed.
Fri, 13 Feb 1998
Serious economic crisis
Serious economic crisis What amazes me about Indonesia's present crisis is not that it has occurred, but that its magnitude and seriousness appear not to be fully appreciated. The collapse of the rupiah will inevitably lead to spiraling prices, mass unemployment and, therefore, widespread social...
Fri, 13 Feb 1998
Philips sees low demand
Philips sees low demand EINDHOVEN, Netherlands (Reuters): Philips Electronics NV said yesterday Asian markets would experience weakening demand in 1998."We expect that in 1998 local markets in the countries most affected by the currency crisis - Indonesia, South Korea, Thailand, Malaysia and the...
Fri, 13 Feb 1998
ABRI defends police tapping of telephones
ABRI defends police tapping of telephones JAKARTA (JP): The Armed Forces (ABRI) headquarters defended yesterday the police plan to access cellular telephone networks to monitor dissidents and to silence calls which were political in nature.
Fri, 13 Feb 1998
Netherlands offer RI medicines, food
Netherlands offer RI medicines, food JAKARTA (JP): Visiting Dutch Foreign Minister Hans van Mierlo offered yesterday to send food and medicine to alleviate the shortages facing many Indonesians in the current economic crisis."I think you are facing an urgent problem in medicines...
Fri, 13 Feb 1998
U.S. ignores its own rights violations but slams others
U.S. ignores its own rights violations but slams othersBy Arif Havas Ugroseno JAKARTA (JP): The United States' Department of States handed down its annual verdicts on the human rights reports on Jan. 30, 1998.
Fri, 13 Feb 1998
Countering speculators
Countering speculators The planned measures to hit back at currency speculators have now been revealed. Finance minister Mar'ie Muhammad announced on Wednesday that the government was preparing to set up a currency board system (CBS).
Fri, 13 Feb 1998
State firms asked to sell CPO at discount prices
State firms asked to sell CPO at discount prices JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah has ordered all state-owned oil palm plantation firms to sell crude palm oil (CPO) at discounted prices on the domestic market to help stabilize cooking oil prices.
Fri, 13 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 12, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 375 -25 76,500 Alumindo Perkasa 275...
Fri, 13 Feb 1998
Activists report on arbitrary arrests
Activists report on arbitrary arrests JAKARTA (JP): A group of activists have urged the National Commission on Human Rights to probe what they called the arbitrary arrest and disappearance of their colleagues.
Fri, 13 Feb 1998
Classic 'Ramayana' play a morale booster in crisis
Classic 'Ramayana' play a morale booster in crisisBy Rita A. Widiadana JAKARTA (JP): Puppet masters are hoping performances of an episode from the classic Ramayana play will inspire the nation's leaders to seek the right answers to the social, political and economic turmoil besetting the nation.
Fri, 13 Feb 1998
Habibie opts to wait and see an his VP nomination
Habibie opts to wait and see an his VP nomination JAKARTA (JP): Golkar vice presidential candidate B.J. Habibie refused yesterday to count his eggs before they hatched despite his apparent clear lead in the race for the country's second top position.
Fri, 13 Feb 1998
Thailand supports Ranariddh's return
Thailand supports Ranariddh's return BANGKOK (AFP): Thailand wants ousted Cambodian premier Prince Norodom Ranariddh to return home to contest polls planned for July, the prince said after a meeting with Thai premier Chuan Leekpai.
Fri, 13 Feb 1998
Wiranto named new Armed Forces chief
Wiranto named new Armed Forces chief JAKARTA (JP): Army Chief of Staff Gen. Wiranto was appointed the new Armed Forces commander yesterday, replacing Gen. Feisal Tanjung who has held the post for the last four years.
Fri, 13 Feb 1998
Asia must clean house before changing currency systems
Asia must clean house before changing currency systems TOKYO (AFP): Asia's ailing economies must clean house before playing around with new currency systems, analysts said yesterday, aiming their toughest barbs at Indonesia's plan for a fixed rupiah.
Fri, 13 Feb 1998
Rp 249.18b allotted to improve air transportation facilities
Rp 249.18b allotted to improve air transportation facilities JAKARTA (JP): The Ministry of Transportation will allocate about Rp 249.18 billion (US$34.14 million) to improve the country's air transportation facilities and services.
Fri, 13 Feb 1998
Nasio plans to sell shares
Nasio plans to sell shares JAKARTA (JP): Despite the current financial meltdown, PT Nasio Dutamitra Electric (NDE), a manufacturer of electric and telecommunications cable and energy-saving light bulbs, plans to launch an initial public offering (IPO) this year.
Fri, 13 Feb 1998
Perspective on Asian financial crisis
Perspective on Asian financial crisis The following article is excerpted from a presentation by Deputy Prime Minister and Minister for Foreign Affairs of the Netherlands Hans van Mierlo before the Indonesian-Netherlands Association and the Forum Indonesia-Netherlands on Feb. 11, 1998 in Jakarta.