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Wed, 11 Feb 1998
Companies offer way out of monetary crisis
Companies offer way out of monetary crisisBy C.J. de Koning JAKARTA (JP): Indonesian companies until recently were the engine of Indonesia's economic growth. They produced, they exported and imported. They employed millions of Indonesian workers, who then had an income to feed their families and...
Wed, 11 Feb 1998
Stronger rupiah boosts other Asian currencies
Stronger rupiah boosts other Asian currencies SINGAPORE (Reuters): Most Asian currencies posted robust gains on Tuesday as mounting speculation that Indonesia was on the verge of adopting a currency board system spurred hasty dollar sales.
Wed, 11 Feb 1998
Military denies orchestrating unrest
Military denies orchestrating unrest JAKARTA (JP): The Indonesian Armed Forces (ABRI) opened its annual leadership meeting yesterday deflecting allegations that it was orchestrating unrest for political or tactical gain or to divert attention from the country's economic turmoil.
Wed, 11 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 Film: Road to Avonlea 6:00 News: Lintasan Berita 6:05 My Beloved Country 6:15 Village Program 6:30 TVRI...
Wed, 11 Feb 1998
Currency peg reports cause rupiah to soar
Currency peg reports cause rupiah to soar JAKARTA (JP): The rupiah surged against the U.S. dollar yesterday on reports that the government might peg the currency to the greenback.Currency dealers said that spot rupiah closed at 7,400/7,600 against the U.S.
Wed, 11 Feb 1998
GM keen on stake in Proton
GM keen on stake in Proton KUALA LUMPUR (AFP): U.S.-based auto giant General Motors Corp. is keen to take a stake in Malaysian carmaker Perusahaan Otomobil Nasional Bhd. (Proton), a newspaper reported yesterday.
Wed, 11 Feb 1998
Beware of floods: Official
Beware of floods: Official JAKARTA (JP): A city administration official warned Jakartans yesterday to prepare themselves for possible major floods.Toha Reno, a senior city public order office official, said some flood-prone areas had already been inundated due the frequent rainfall over the past...
Wed, 11 Feb 1998
Bomb hoax plotter at large
Bomb hoax plotter at large MEDAN: The police still have no clue as to who left a hoax bomb in a Bank Danamon automatic teller machine booth at Polonia Airport here Monday, police said yesterday."The authorities have no one to suspect yet," spokesman for the local Bukit Barisan regional military...
Wed, 11 Feb 1998
Military to hand over photographs of Yorris
Military to hand over photographs of Yorris JAKARTA (JP): City military command says it has incriminating evidence about the alleged gambling activities of Yorris Raweyai, a Golkar representative in the People's Consultative Assembly (MPR).The command spokesman, Lt. Col. DJ.
Wed, 11 Feb 1998
Local comics try to draw a better image
Local comics try to draw a better imageBy Rita A. Widiadana JAKARTA (JP): Local comics, dogged by damning tags as vulgar and unsophisticated, have their work cut out for them in winning over readers.Lack of public appreciation, talented artists, professionalism and innovative ideas are major...
Wed, 11 Feb 1998
'Total reform' necessary to heal crisis
'Total reform' necessary to heal crisis Indonesia is witnessing growing demands for economic and political reform as the best way to overcome the economic crisis. Political analyst Amien Rais, who is also the chairman of the 28- million-strong Moslem organization Muhammadiyah, proposes a platform...
Wed, 11 Feb 1998
Export companies face L/C problems
Export companies face L/C problems JAKARTA (JP): Export companies said yesterday local banks still required them to pay high security deposits before issuing letters of credit for imports despite central bank guarantee.The chairman of the Indonesian Footwear Association, Anton J.
Wed, 11 Feb 1998
Jakarta reforms restoring confidence: IMF
Jakarta reforms restoring confidence: IMF SINGAPORE (Reuters): Indonesia's economic reforms are a move in the right direction and are restoring market confidence, International Monetary Fund (IMF) director Kunio Saito said yesterday.
Wed, 11 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb.10, 1998: Buying Selling Rp Rp U.S. dollar 1 6,000.00 9,000.00Austrian shilling 1 452.20 733.70Australian dollar 1 4,050.00 6,147.00Belgian franc 1 159.60 241.00Canadian dollar 1 4,172.
Wed, 11 Feb 1998
Latest bomb hoaxes at bank building and bus terminal
Latest bomb hoaxes at bank building and bus terminal JAKARTA (JP): Fresh bomb hoaxes continued to hit the city yesterday, keeping police busy sweeping a number of places where bombs were reportedly planted.City police spokesman Lt. Col. E.
Wed, 11 Feb 1998
Bomb explodes in Tarakan
Bomb explodes in Tarakan SAMARINDA: Bombs dating from World War II exploded yesterday in Tarakan, East Kalimantan, shocking local residents.Tarakan military chief Lt. Col. Soekarno, said that residents were jolted awake by a series of explosions.
Wed, 11 Feb 1998
Pegging the rupiah
Pegging the rupiah The economic crisis facing the nation as a result of volatility and weakness in the rupiah exchange rate demonstrates how fundamental a stable currency is to a healthy and growing economy.
Wed, 11 Feb 1998
Sanyo raises RI prices
Sanyo raises RI prices TOKYO (Reuters): Sanyo Electric Co Ltd said on Tuesday it raised wholesale prices of its products in Indonesia by 50 percent in January in line with rising costs of importing components and materials caused by the weakened Indonesian currency.
Wed, 11 Feb 1998
Nine Filipinos deported
Nine Filipinos deported MANADO, North Sulawesi: Nine Filipinos have been repatriated by the provincial immigration office here following their arrest for illegally entering northern Maluku's waters.The head of North Sulawesi's justice office, Freddy Gerung, said yesterday the nine Filipinos were...
Wed, 11 Feb 1998
MAS to defer jet delivery
MAS to defer jet delivery KUALA LUMPUR (AFP): Malaysia Airline System Bhd. (MAS) is to defer taking delivery of its new Boeing aircraft due in 1998 and 1999 amid a declining load factor and currency fluctuations, a report said yesterday.Malaysia Airline executive vice-president (group finance) S.
Wed, 11 Feb 1998
MUI calls for 'jihad' to protect country
MUI calls for 'jihad' to protect country JAKARTA (JP): The Indonesian Ulemas Council concluded its three-day congress by calling on Moslems to wage a jihad (holy war) alongside the government and the military to protect the country from political and economic pressures.
Wed, 11 Feb 1998
Man tried for smuggling pistol
Man tried for smuggling pistol TANGERANG (JP): A former waiter was indicted at the Tangerang District Court yesterday for attempting to smuggle a pistol into the country from the United States.Prosecutor Syamsudin said Nuri Samsudin, 30, of Taman Bunga housing complex in Cibubur, East Jakarta, was...
Wed, 11 Feb 1998
Wiranto calls for alertness over rumors
Wiranto calls for alertness over rumors BANDUNG (JP): Army Chief of Staff Gen. Wiranto has called on the public to be alert for rumors spread by people seeking to instigate unrest and divide people."If need be, treat those rumors as you would rubbish," he said here Monday.
Wed, 11 Feb 1998
Habibie reprimands LIPI staff
Habibie reprimands LIPI staff JAKARTA (JP): State Minister of Research and Technology B.J. Habibie has reprimanded 19 researchers of the National Institute of Sciences who issued a statement last month demanding a new national leader.
Wed, 11 Feb 1998
RI political uncertainty could affect region
RI political uncertainty could affect region MELBOURNE (Reuters): A leading investment bank said on Tuesday that political uncertainty in Indonesia could trigger fresh financial turmoil in Asia unless it was resolved soon.U.S.
Wed, 11 Feb 1998
Sofjan Wanandi questioned at city police HQ
Sofjan Wanandi questioned at city police HQ JAKARTA (JP): Businessman Sofjan Wanandi was questioned for at least eight hours at Jakarta Police Headquarters yesterday in connection with last month's explosion at a Tanah Tinggi apartment in Central Jakarta.City police spokesman Lt. Col. E.
Wed, 11 Feb 1998
ITB alumni stage rally, activists denounce violence
ITB alumni stage rally, activists denounce violence JAKARTA (JP): Twenty-five alumni of the Bandung Institute of Technology (ITB) staged a street demonstration here yesterday to demand a change in the national leadership after police barred them from holding a news conference.
Wed, 11 Feb 1998
The fate of rupiah
The fate of rupiah I have been worried ever since the rupiah began to fall, not because I have particular need of dollars, but because the rupiah has lost its credibility as a means of exchange. Now rupiah are just like any another commodities, with a value determined at will by speculators.
Wed, 11 Feb 1998
Malaysian palm oil stock down, demand up
Malaysian palm oil stock down, demand up KUALA LUMPUR (Reuters): Malaysia could face difficulty in meeting demand for its palm oil after the first quarter of 1998 due to falling production and stock levels, industry sources and traders said yesterday.
Wed, 11 Feb 1998
Singgih denies police have right to probe graft
Singgih denies police have right to probe graft JAKARTA (JP): Attorney General Singgih denied yesterday law enforcement agencies had agreed to allow the police to investigate corruption cases."There's no such thing as joint investigation (of corruption by the police and my office)," Singgih told a...
Wed, 11 Feb 1998
New bank capital requirement set at Rp1t
New bank capital requirement set at Rp1t JAKARTA (JP): Bank Indonesia, the central bank, will raise the minimum paid-up capital requirement for domestic banks to Rp 1 trillion (US$125 million) from Rp 50 billion and Rp 150 billion at present to strengthen the country's banking system.
Wed, 11 Feb 1998
Currency peg disadvantageous for RI: Analysts
Currency peg disadvantageous for RI: Analysts JAKARTA (JP): The establishment of a currency board system (CBS), which would peg the rupiah to a foreign currency, would be disadvantageous for Indonesia, analysts have said.
Tue, 10 Feb 1998
PT Tambang Timah posts Rp 170b net profit in 1997
PT Tambang Timah posts Rp 170b net profit in 1997 JAKARTA (JP): Publicly listed tin mining company PT Tambang Timah's net profit rose 10 percent to Rp 170 billion (US$18 million) last year, company president Erry R. Hardjapamekas said yesterday.
Tue, 10 Feb 1998
Low-price bazaars begin today after minor hitch
Low-price bazaars begin today after minor hitch JAKARTA (JP): The city administration postponed yesterday the opening of temporary bazaars offering basic commodities at low prices to Central Jakarta residents, citing "technical problems".The bazaars are scheduled to open today.M.
Tue, 10 Feb 1998
Govt urged to cater to indigenous entrepreneurs
Govt urged to cater to indigenous entrepreneurs JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has urged the government to use the economic crisis as a means to help indigenous businesspeople gain a bigger share of the economy.
Tue, 10 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teen Program: Remaja Indonesia 3:35 Educational Program: Kuliah Universitas Terbuka 4:30 Teen Drama: Kena Batunya 5:00 English Lessons 5:30 Documentary 6:00 Nusantara, The Beloved Country 6:15 Village...
Tue, 10 Feb 1998
Hard Rock hotel not just for music lovers
Hard Rock hotel not just for music lovers JAKARTA (JP): Ever dreamed of being a lead singer in a band and recording your own CD?Fantasy can become reality at the Hard Rock Cafe Beach Club in Bali, a hotel scheduled to open in May.
Tue, 10 Feb 1998
Citra Tubindo expects strong 1998 earnings
Citra Tubindo expects strong 1998 earnings BATAM, Indonesia (Reuters): Indonesian oil and gas pipeline manufacturer PT Citra Tubindo expects to post strong results in 1998 and 1997 earnings to more than double, company president Kris Wiluan said yesterday."We expect continued growth in 1998.
Tue, 10 Feb 1998
Calls mount for fair treatment for Sofjan
Calls mount for fair treatment for Sofjan JAKARTA (JP): Public figures called yesterday for the maintenance of the principle of presumption of innocence in the questioning of business tycoon Sofjan Wanandi for his alleged involvement in the bomb blast blamed on the outlawed People's Democratic...
Tue, 10 Feb 1998
Three youths charged in stabbing incident
Three youths charged in stabbing incident JAKARTA (JP): Police have charged three youths in relation to the stabbing of a member of the Kuwaiti royal family at Hotel Mulia Senayan in South Jakarta early Saturday morning.Head of city police detectives Col.
Tue, 10 Feb 1998
Man tried for possessing drugs
Man tried for possessing drugs JAKARTA (JP): A 24-year-old man was indicted at West Jakarta District Court yesterday for possessing 0.8 grams of heroin and 58.83 grams of dried marijuana.Prosecutor Azwar said police officers arrested the defendant, M. Sholeh, on Nov.
Tue, 10 Feb 1998
Govt allocates Rp 700b to subsidizes drug prices
Govt allocates Rp 700b to subsidizes drug prices JAKARTA (JP): The government has allocated Rp 700 billion (about US$70 million) to subsidize the soaring price of imported generic drugs and vital medical equipment this year, a cabinet minister said here yesterday.
Tue, 10 Feb 1998
Palm oil market jittery over RI plan to lift ban
Palm oil market jittery over RI plan to lift ban KUALA LUMPUR (Reuters): Asian palm oil prices are likely to be mixed this week, with the market concerned over regional currency movements and uncertain about whether Indonesia would lift its export ban, traders said.
Tue, 10 Feb 1998
Government to announce new exchange rate steps
Government to announce new exchange rate steps JAKARTA (JP): The Indonesian government will soon announce new steps for the foreign exchange rate system to stabilize prices of priority imports and help restore order to the country's economy.
Tue, 10 Feb 1998
Drunken seaman mobbed by security guards
Drunken seaman mobbed by security guards JAKARTA (JP): Patrons and security guards attacked a drunken Navy seaman after he tried to steal a bottle of liquor from a convenience store in West Jakarta on Sunday morning, police have said.City Police spokesman Lt. Col. E.
Tue, 10 Feb 1998
Camdessus says Asia currencies fell too far
Camdessus says Asia currencies fell too far LONDON (Reuters): International Monetary Fund (IMF) chief Michel Camdessus said yesterday that Asian currencies had fallen too far following the financial crisis in the region.
Tue, 10 Feb 1998
Bima and Ende calm as protest hits Jakarta
Bima and Ende calm as protest hits Jakarta JAKARTA (JP): Riot-hit Bima and Ende in Nusa Tenggara were calm yesterday as security authorities managed to bring the two towns under control, local officials said.
Tue, 10 Feb 1998
Two firms blamed for forest fires
Two firms blamed for forest fires JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo accused two companies yesterday of starting recent forest fires in East Kalimantan."But I can't name the alleged culprits for the time being.
Tue, 10 Feb 1998
Thai's PM Chuan to meet exiled Ranariddh
Thai's PM Chuan to meet exiled Ranariddh BANGKOK (AFP): Thai Prime Minister Chuan Leekpai is due to meet Cambodia's ousted Premier Prince Norodom Ranariddh for talks on the strife-torn country later this week, Foreign Minister Surin Pitsuwan said yesterday.
Tue, 10 Feb 1998
PDI leaders cool over Megawati for presidency
PDI leaders cool over Megawati for presidency JAKARTA (JP): The Indonesian Democratic Party (PDI) called on its leaders yesterday not to nominate toppled leader Megawati Soekarnoputri for their presidential candidate as she is not represented in the People's Consultative Assembly (MPR).