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Tue, 10 Feb 1998
Anticipating a severe drought
Anticipating a severe drought At a meeting in Bangkok, experts warned that severe drought brought on by the El Nino freak weather phenomenon could have an extremely damaging effect on agriculture in Southeast Asia.
Tue, 10 Feb 1998
Bring debtors in line
Bring debtors in lineFrom Bisnis IndonesiaI was drawn to offer my own suggestions after reading the opinion of Hartoyo Wignyowijoto in 'Disclose the names of the 228 borrowing companies' in Bisnis Indonesia on Feb. 3, 1998.
Tue, 10 Feb 1998
New strategy needed to solve crisis
New strategy needed to solve crisis When I first arrived in Indonesia in 1985 the buzz word of the day was "the export orientated economy". Indonesia was in a privatization drive and funds for government departments were running dry.
Tue, 10 Feb 1998
City to get new secretary
City to get new secretary JAKARTA (JP): Governor Sutiyoso is scheduled to install Fauzi Bowo, head of the City Tourist Agency, as the Jakarta administration's new secretary today.City Hall spokesman Kamaludin Santos said Fauzi would fill the position left vacant by Harun Al Rasyid, who was...
Tue, 10 Feb 1998
Intinusa to split stock
Intinusa to split stock JAKARTA (JP): Shareholders of publicly listed granite producer PT Intinusa Selareksa approved yesterday the company's plan to split its stock while halving the nominal value of its shares from Rp 1,000 to Rp 500.
Tue, 10 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb.9, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 550 -75 128,500 Alumindo Light Metal 400 0 543,000 Alumindo...
Tue, 10 Feb 1998
Bad habits 'hinder' healthy living plans
Bad habits 'hinder' healthy living plans JAKARTA (JP): A lack of awareness and positive attitude toward healthy living among residents here often hinders efforts to develop a healthy city, an official said yesterday.The director general for contagious disease and environmental sanitation, Hadi M.
Tue, 10 Feb 1998
Shoplifter gets three months
Shoplifter gets three months BOGOR (JP): The Bogor District Court sentenced a 20-year-old man to three months in jail yesterday for shoplifting in Matahari department store on Jl. Kapten Muslihat here on Dec. 5 last year.
Tue, 10 Feb 1998
Bank foreign currency loans rise over 100% last year
Bank foreign currency loans rise over 100% last year JAKARTA (JP): Foreign currency loans extended by domestic banks increased in their rupiah value by over 100 percent to Rp 117.3 trillion (US$12.34 billion) last year due to the sharp appreciation of the U.S. dollar, Bank Indonesia (BI) Governor J.
Tue, 10 Feb 1998
Tokyo to help Jakarta to overcome crisis
Tokyo to help Jakarta to overcome crisis TOKYO (Reuters): Japan's Trade Ministry would like to do what it can for Indonesia after a forthcoming Japanese delegation to the financially troubled Southeast Asian nation returns home, Vice Trade Minister Osamu Watanabe said yesterday.
Tue, 10 Feb 1998
Two women commit suicide at home
Two women commit suicide at home JAKARTA (JP): Two young women are believed to have committed suicide in separate incidents in West and South Jakarta over the weekend.Epri Supriati, 17, a former shop attendant, was found dead about 6 a.m.
Tue, 10 Feb 1998
Bearish news to dominate oil product market
Bearish news to dominate oil product market SINGAPORE (Reuters): Indonesia's decision to cut oil imports in February and March will give another blow to Asia's bearish oil product market, which has seen little demand during the region's economic crisis, traders said yesterday.
Tue, 10 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, 10 Feb 1998
Mahathir on ASEAN center stage
Mahathir on ASEAN center stageBy Roberto Coloma SINGAPORE (AFP): The severe crisis in Indonesia has eroded President Soeharto's standing as the region's elder statesman, allowing Malaysian Premier Mahathir Mohamad to fill the void, diplomats and analysts say.
Tue, 10 Feb 1998
Fate of small industrialists
Fate of small industrialistsFrom Media IndonesiaThe monetary crisis has severely hit all sectors of our life. The illogical exchange rate of the rupiah against the dollar has caused havoc in trade and industry. Employee layoffs cannot be prevented.
Tue, 10 Feb 1998
Australia deports 401 Indonesians
Australia deports 401 Indonesians KUPANG, East Nusatenggara (Antara): The Australian government deported 401 Indonesian fishermen last year for illegally entering Australia's territory, a local Indonesian official said here yesterday.
Tue, 10 Feb 1998
Malaysia tweaks Japan and U.S. on help for Asia
Malaysia tweaks Japan and U.S. on help for Asia TOKYO (Reuters): Malaysia's Deputy Prime Minister Anwar Ibrahim politely tweaked Japan and the United States yesterday for not taking a more active role in helping Asia through its financial crisis.
Tue, 10 Feb 1998
Massive strike hits C. Java
Massive strike hits C. Java SEMARANG: More than 1,000 bus drivers in several northern Java towns went on strike yesterday demanding the provincial government allow them to raise fares.The massive strike that crippled Jepara, Kelet, Keling, Tayu, Trengkil, Juana, Pati and Sukolilo left thousands of...
Tue, 10 Feb 1998
Wynne makes RI tennis history
Wynne makes RI tennis history JAKARTA (JP): Indonesia's Wynne Prakusya won the US$10,000 Wellington Women's International Tournament on Sunday after beating Rewa Hudson of New Zealand 7-5, 6-2.The 16-year-old Wynne, a finalist at the junior Australian Open a week before, had to pump out her energy...
Tue, 10 Feb 1998
Soeharto criticizes media on reporting
Soeharto criticizes media on reporting JAKARTA (JP): The country's media celebrated National Press Day yesterday by receiving a dose of heavy criticism from President Soeharto for "disproportional" reporting on the current economic crisis.
Tue, 10 Feb 1998
Bank Nusa target of bomb hoax
Bank Nusa target of bomb hoax JAKARTA (JP): City police chief Maj. Gen. Hamami Nata confirmed yesterday a bomb threat at Bank Nusa in the Wisma Bakrie building on Jl. Rasuna Said in Kuningan, South Jakarta, was a hoax."There was nothing there.
Tue, 10 Feb 1998
Where to go in Bandung:
Where to go in Bandung:Exhibition * Painting Exhibition: International Indonesian Paintings Exhibition 1998 by Jeihan, Popo, Erica Hestu Wahyuni, Krisna Murti, Faizal, Maria Tjui, etc., at the lobby level Grand Aquila Hotel, Jl. Dr. Djundjunan No. 116, Bandung, until Feb. 28.
Tue, 10 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb.9, 1998: Buying Selling Rp Rp U.S. dollar 1 8,500.00 11,500.00Austrian shilling 1 613.30 907.20Australian dollar 1 5,558.30 7,693.50Belgian franc 1 214.20 301.00Canadian dollar 1 5,589.
Tue, 10 Feb 1998
Ulemas urged to defuse unrest
Ulemas urged to defuse unrest JAKARTA (JP): President Soeharto has asked Moslem leaders to serve as an early warning system -- to detect and nip unrest in the bud.Addressing a post-Idul Fitri gathering with 75 leaders of the influential Indonesian Ulemas Council (MUI) at the Bina Graha presidential...
Tue, 10 Feb 1998
Medan airport bomb hoax causes panic
Medan airport bomb hoax causes panic MEDAN (JP): A bomb hoax caused panic at Polonia airport yesterday, forcing authorities to delay several flights.Airport chief Colonel Benyamin S. Dandel said activities at the international airport were not seriously affected but admitted that several flights...
Tue, 10 Feb 1998
Political parties must be able to promote national reforms
Political parties must be able to promote national reformsBy Hendardi JAKARTA (JP): The current monetary crisis has had a deep impact on the Indonesian community. The price of basic commodities has rocketed and unemployment is rising.Dr.
Tue, 10 Feb 1998
Toyota Astra Motor to slash production
Toyota Astra Motor to slash production JAKARTA (JP): Toyota Motor Corp. plans to halve production at its Indonesian unit, PT Toyota Astra Motor (TAM), to between 3,000 to 4,000 vehicles per month starting this month."Under the cut, Indonesian production will be halved.
Tue, 10 Feb 1998
Asian crisis to hit China's trade growth
Asian crisis to hit China's trade growth BEIJING (Reuters): China's foreign trade minister, warning of the impact of the Asian financial crisis, was quoted yesterday as saying combined import and export growth this year would be slashed by half.
Tue, 10 Feb 1998
Use of regional money in trade wins support
Use of regional money in trade wins support MANILA (AFP): The Philippine central bank chief said Monday that he supported plans to use local currencies to pay for regional trade to save on dollars and prevent currency speculation amid Asia's financial crisis.The plan will "reduce the demand for U.S.
Tue, 10 Feb 1998
Siswono urges delay of car, jet plane projects
Siswono urges delay of car, jet plane projects JAKARTA (JP): A cabinet minister has suggested that expensive state projects such as the National Car and the development of Indonesia's own jet plane should be temporarily halted, and funding originally earmarked for them be reallocated for...
Tue, 10 Feb 1998
Organda slams lubricant hoarders, call for action
Organda slams lubricant hoarders, call for action JAKARTA (JP): The Organization of Land Transportation Owners (Organda) called on the government yesterday to impose harsh penalties on hoarders of lubricants and automotive spare parts.
Mon, 09 Feb 1998
Currency board 'an option' for RI
Currency board 'an option' for RI NEW YORK (AFP): Setting up a currency board linking the rupiah to the dollar could help stabilize Indonesia's currency, though this is not the only option, IMF Managing Director Michel Camdessus said Friday.
Mon, 09 Feb 1998
Thailand must pay for pipeline delays
Thailand must pay for pipeline delays YANGON (AFP): Thailand must pay thousands of dollars a day in compensation if the launch of a disputed gas pipeline linking Myanmar and Thailand is delayed by Thai protesters, officials said here yesterday.
Mon, 09 Feb 1998
Military, civilians stand equal chance in VP race
Military, civilians stand equal chance in VP race JAKARTA (JP): Military and civilian figures have an equal opportunity to win the vice presidential race next March, but an association with incumbent President Soeharto would be a deciding factor, a political analyst has said.
Mon, 09 Feb 1998
RI presidential election 'influences' crisis
RI presidential election 'influences' crisis SINGAPORE (Reuters): Singapore's former prime minister Lee Kuan Yew has said the worst of Asia's financial troubles will not be over until after Indonesian presidential elections next month, the local Sunday Times newspaper reported.
Mon, 09 Feb 1998
Securities firms consolidate their operations
Securities firms consolidate their operations JAKARTA (JP): A number of local securities companies are engaged in massive cost-cutting programs to cope with the economic crisis -- laying off key personnel and consolidating business units.
Mon, 09 Feb 1998
Four killed in boat crash
Four killed in boat crash PALEMBANG, South Sumatra: Four people, missing since last Thursday's boat crash on the Musi river, Mariana subdistrict, were found dead Saturday, Antara reported.A spokesman for South Sumatra provincial police said the four victims, three adults and one child, were...
Mon, 09 Feb 1998
An insight into the tragic Banjarmasin riot
An insight into the tragic Banjarmasin riot Amuk Banjarmasin (Banjarmasin Unrest); Dr. Hairus Salim HS and Andi Achdian; Forewords by Dr. Mohtar Mas'oed and Setia Budhi; Yayasan Lembaga Bantuan Hukum Indonesia (YLBHI) Jakarta, 1997; XXII, 124 pp.
Mon, 09 Feb 1998
IFC pledges to help clients settle debts
IFC pledges to help clients settle debts JAKARTA (JP): The International Finance Corporation (IFC), the private sector arm of the World Bank, is currently reviewing the performance of its 42 clients in Indonesia to assess their liquidity requirements and their capacity to service their foreign...
Mon, 09 Feb 1998
Pusri to raise production
Pusri to raise production JAKARTA (JP): State-owned fertilizer producer PT Pupuk Sriwijaya (Pusri) is looking to increase fertilizer production to 2.24 million tons this year from Rp 2.11 million tons last year.
Mon, 09 Feb 1998
Asian monetary crisis halts arms buying binge
Asian monetary crisis halts arms buying binge The financial crunch crippling parts of Asia has put a crimp on governments' military spending, writes Thalif Deenof Inter Press Service. UNITED NATIONS (IPS): The spreading economic crisis in Southeast Asia threatens to torpedo the once vibrant multi...
Mon, 09 Feb 1998
U.S. sees lower oil demand in Asian states due to crisis
U.S. sees lower oil demand in Asian states due to crisis WASHINGTON (Reuters): Due to the economic crisis in Asia, the U.S. Department of Energy Friday reduced its monthly forecast for oil demand this year in Asian countries -- excluding China and Japan -- by 300,000 barrels to 9.
Mon, 09 Feb 1998
Chain e-mails result in cyber-boycotts
Chain e-mails result in cyber-boycottsBy Amir Sidharta JAKARTA (JP): In the past few days, I have received numerous e-mail messages under "guardian angel". I have to agree with my friends that these particular e-mail were more fun than others I received in recent times.
Mon, 09 Feb 1998
Singapore backs Asian currency plan: Mahathir
Singapore backs Asian currency plan: Mahathir SINGAPORE (Reuters): Malaysian Premier Mahathir Mohamad said on Saturday he had agreed at a meeting with Singapore Prime Minister Goh Chok Tong about "the use of our own currencies for the purpose of trade between ASEAN countries".
Mon, 09 Feb 1998
Bomb hoax disturbs moviegoers at mall
Bomb hoax disturbs moviegoers at mall JAKARTA (JP): A bomb threat rocked Mal Pondok Indah in South Jakarta on Saturday night, forcing the mall's management to temporarily evacuate hundreds of moviegoers.
Mon, 09 Feb 1998
Local stock prices likely to consolidate this week
Local stock prices likely to consolidate this week JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to consolidate this week after making a 10 percent gain last week, securities analysts have said.
Mon, 09 Feb 1998
Laws crucial for effective reforms
Laws crucial for effective reforms JAKARTA (JP): Adequate legal infrastructure and transparent government will be critical to the success of Indonesia's painful International Monetary Fund (IMF) sponsored economic reforms, economist Sri Mulyani Indrawati has said.
Mon, 09 Feb 1998
Sofjan back home
Sofjan back home JAKARTA (JP): Businessman Sofjan Wanandi returned from an overseas business trip Saturday declaring his readiness to answer a police summons tomorrow in connection with an ongoing investigation into last month's bomb-making activities here.
Mon, 09 Feb 1998
RI, Bangladesh to sign treaty
RI, Bangladesh to sign treaty DHAKA (DPA): Indonesian Foreign Minister Ali Alatas arrived in Dhaka on Saturday from Colombo on a four-day official visit to Bangladesh, a government spokesman here said.Alatas is expected to sign with Bangladesh Foreign Minister Abdus Samad Azad a bilateral treaty...
Mon, 09 Feb 1998
Save your money by faxing directly through your PC
Save your money by faxing directly through your PCBy Zatni Arbi JAKARTA (JP): In offices and homes, fax machines have become as ubiquitous as 'tukang parkir' (parking attendants) in Jakarta. In fact, no real office today can operate without one.The popularity of the fax is justifiable.