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Fri, 06 Feb 1998
Who speaks for U.S. on Asia policy?
Who speaks for U.S. on Asia policy?By Edward Neilan State, Treasury, Defense take turns but lack of single voice heard from Washington during financial crisis sows confusion. TOKYO (JP): The United States' failure to speak with a single authoritative voice to articulate its policy in Asia at a time...
Fri, 06 Feb 1998
Traffic accident kills 15 people
Traffic accident kills 15 people MEDAN, North Sumatra: Fifteen people died and almost two dozen were injured Wednesday when a truck crowded with passengers fell into a ravine in Pasir Mandoge village in the Asahan regency.North Sumatra police spokesman Lt. Col.
Fri, 06 Feb 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb.5, 1998 Buying Selling Rp Rp U.S. dollar 1 8,500.00 11,500.00Austrian shilling 1 581.40 875.90Australian dollar 1 5,186.70 7,305.90Belgian franc 1 203.30 290.70Canadian dollar 1 5,279.
Fri, 06 Feb 1998
1997/1998 state budget revised
1997/1998 state budget revised JAKARTA (JP): The government has revised the 1997/1998 budget to Rp 132 trillion from its earlier projection of Rp 101 trillion due to the rupiah's steep depreciation against the U.S. dollar.
Fri, 06 Feb 1998
Sun Life ups insurance stake
Sun Life ups insurance stake JAKARTA (JP): Insurance company PT Asuransi Modern Sun Life announced yesterday that one of its shareholders the Sun Life Assurance Company of Canada had agreed to raise its stake in the firm from 60 percent to 80 percent.
Fri, 06 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 * It's not always possible to find an equivalent term when you hunt for one in English.
Fri, 06 Feb 1998
Thai white sugar active on RI offtake
Thai white sugar active on RI offtake BANGKOK (Reuters): The Thai white sugar market was active amid offtake from Indonesia and confusion over domestic and export quotas, traders said.The white sugar premiums for March/May delivery edged up to $21.00-25.
Fri, 06 Feb 1998
PDAM Jaya becomes private company
PDAM Jaya becomes private company JAKARTA (JP): Governor Sutiyoso is scheduled to sign an agreement today to privatize city-owned drinking water company PDAM Jaya, an official said yesterday."Actually, the privatization was effective as of Feb. 1.
Fri, 06 Feb 1998
Social safety net
Social safety net World Bank president James Wolfensohn was not exaggerating when he told analysts and leaders of non-governmental organizations here on Wednesday that the economic crisis now facing Indonesia has reached the point of life or death.
Fri, 06 Feb 1998
Stockbrokerages to move from JSX building
Stockbrokerages to move from JSX building JAKARTA (JP): A number of stockbrokerages plan to move from the Jakarta Stock Exchange (JSX) building to cheaper offices to escape soaring rental costs.Executives of the securities houses said yesterday the rental fees, set in U.S.
Fri, 06 Feb 1998
Another lube oil hoarder arrested
Another lube oil hoarder arrested MAGELANG, Central Java: Police here arrested yesterday one more person suspected of hoarding lubricant oil.Local police chief Lt. Col. Harry Haryanto said the suspect was Tjong Yan, a well-known clove and tobacco businessman.
Thu, 05 Feb 1998
House curbs travel budget due to financial crisis
House curbs travel budget due to financial crisis JAKARTA (JP): The House of Representatives decided yesterday to curb its travel budget and other expenses due to the financial crisis.Deputy House Speaker in charge of economic and financial affairs Abdul Gafur said the budget cuts would force the...
Thu, 05 Feb 1998
Officer detained for stealing $10,000
Officer detained for stealing $10,000 JAKARTA (JP): A police officer has been detained and questioned by the internal affairs unit for allegedly stealing US$10,000 from his superior, a police source said yesterday.The officer, identified as First Sgt.
Thu, 05 Feb 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.
Thu, 05 Feb 1998
WB admits errors over RI economy
WB admits errors over RI economy JAKARTA (JP): World Bank chief James Wolfensohn admitted yesterday that his organization had "got it wrong" and been over- optimistic about Indonesia's economy before it sank into crisis last year.
Thu, 05 Feb 1998
QSC sale to RI canceled
QSC sale to RI canceled CANBERRA (Reuters): Queensland Sugar Corp (QSC) said yesterday that an Indonesian refinery has canceled the planned purchase of about 200,000 tons of raw sugar.QSC said the refinery, operated by PT Bermis, is believed to have stopped production.
Thu, 05 Feb 1998
A year of misery
A year of misery According to the Chinese zodiac cycle, 1998 is the year of tiger. But to my mind, it is the year of misery. It is a saddening year, a year for sobbing. This is no fabrication, no exaggeration.A monetary crisis is crippling our country's economy, and prices are skyrocketing.
Thu, 05 Feb 1998
No time for rifts
No time for rifts It should hardly need repeating. As many officials and observers have warned in recent months, rumor mills thrive in the climate of mistrust and confusion which the nation is now experiencing.
Thu, 05 Feb 1998
Feisal urges Sofjan to stay in the country
Feisal urges Sofjan to stay in the country JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung said yesterday that while business tycoon Sofjan Wanandi was not barred from traveling overseas, he should stay in the country in case he is needed for further questioning.
Thu, 05 Feb 1998
The case for gradual reform
The case for gradual reform The economic crisis engulfing our nation has prompted a number of Indonesian politicians and economists to raise the question of the need for political reform. On this subject, Minister of Transmigration Siswono Yudohusodo was quoted as saying a while ago that political...
Thu, 05 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 4, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 700 0 7,500 AHAP Insurance 350 0 0 Alter Abadi 275 100 386,000 Alumindo Light Metal 300 25 3,569,500...
Thu, 05 Feb 1998
Soldiers sell kerosene
Soldiers sell kerosene JAKARTA (JP): Soldiers in East Java have sold kerosene to the public to sooth widespread fears that the price will rise fourfold, an official said yesterday.East Java Governor Basofi Soedirman said in the provincial capital Surabaya that the move was part of the Armed Forces'...
Thu, 05 Feb 1998
Train passengers electrocuted
Train passengers electrocuted JAKARTA (JP): Two teenagers died in separate incidents on railways in South and East Jakarta yesterday. Both youths fell onto the track after suffering an electric shock, bringing the death toll from such incidents to three this year.
Thu, 05 Feb 1998
Taxation official defends hike in departure tax
Taxation official defends hike in departure tax JAKARTA (JP): The fourfold increase in departure tax for residents leaving the country by air is aimed at swelling the government's coffers, the director general for taxation said.
Thu, 05 Feb 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Mercure Grand Hotel, Jl. Raya Kupang Indah: Pasar Senggol with traditional music - keroncong or langgam, every Wednesday night. * Hyatt Regency Surabaya, Jl. Jend.
Thu, 05 Feb 1998
Experts suggest openness to ease social tension
Experts suggest openness to ease social tension JAKARTA (JP): Widespread social unrest could erupt unless the government honestly explains the causes of the economic crisis and its strategy to end it, observers say.Psychologist Acuk Parsudi and criminologist Mulyana W.
Thu, 05 Feb 1998
Lightning strike delays flights
Lightning strike delays flights JAKARTA (JP): The radar system at Soekarno-Hatta International Airport malfunctioned for several hours last night after it was struck by lightning, causing long flight delays.
Thu, 05 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Ninja The Wonder Boy 3:10 Science Film: Modern Eye for Traditional 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Song and Dance: Pelangi Budaya 5:00 Arabic Lessons 5:25 Documentary program 6:00 News:...
Thu, 05 Feb 1998
Man sentenced to 7 years for rape
Man sentenced to 7 years for rape JAKARTA (JP): The West Jakarta District Court sentenced a man yesterday to seven years in jail for rape.Presiding judge Yulie Moein said the defendant, Tju Kim Djung, 32, was found guilty of raping Eli Jumaroh, 23, on Oct. 24 last year in his house on Jl.
Thu, 05 Feb 1998
Handling of newcomers under scrutiny
Handling of newcomers under scrutiny JAKARTA (JP): City efforts to prevent "undesirable" workers from entering the capital during the annual post-Idul Fitri influx has drawn mixed reactions from councilors and social experts.
Thu, 05 Feb 1998
DMG's Jakarta units merged
DMG's Jakarta units merged SINGAPORE (Reuters): Deutsche Morgan Grenfell said yesterday its equities division would consolidate its Indonesian operations into its Hong Kong and Singapore offices.The group said in a statement the move continued a process begun last year of streamlining its regional...
Thu, 05 Feb 1998
WB to disbursing $1b for RI this month
WB to disbursing $1b for RI this month JAKARTA (JP): The World Bank will disburse US$1 billion this month out of the $4.5 billion it pledged in aid to Indonesia as part of the three-year IMF-led rescue package, Finance Minister Mar'ie Muhammad has said.
Thu, 05 Feb 1998
Critical thinking needed
Critical thinking needed The Jakarta Post is to be commended for publishing Y.B. Mangunwijaya's excellent article on Jan. 29, 1998. Yes, we seem to have become a nation of sheep, averse to, or even incapable of, critical thinking; a nation of parrots, screeching platitudes without thought.
Thu, 05 Feb 1998
City to divulge inventory of property
City to divulge inventory of property JAKARTA (JP): The city administration is to disclose the results of its property inventory next week, Deputy Governor for Administrative Affairs Abdul Kahfi said yesterday.
Thu, 05 Feb 1998
Monthly inflation hits 25-year high of 6.88%
Monthly inflation hits 25-year high of 6.88% JAKARTA (JP): The monthly inflation rate for January hit a 25- year high of 6.88 percent due to sharp increases in the prices of food, housing, clothes and services, Minister of Information R. Hartono said yesterday.
Thu, 05 Feb 1998
Dentist probed for hoarding oil
Dentist probed for hoarding oil MAGELANG, Central Java: Police here are questioning a dentist on suspicion of hoarding 200 drums and 1,000 boxes of lubricant oil worth more than Rp 200 million (US$20,000).
Thu, 05 Feb 1998
Dhaka to get ADB loan
Dhaka to get ADB loan DHAKA (AFP): The Asian Development Bank (ADB) is to disburse US$40 million this month to help develop Bangladesh's capital market, a newspaper reported here yesterday.The amount would come out of a total aid commitment of US$80 million and was announced Tuesday by a visiting...
Thu, 05 Feb 1998
Korean credits to RI $5.3b
Korean credits to RI $5.3b SEOUL (AFP): South Korean financial institutions had some US$5.3 billion in debt exposed to Indonesia at the end of 1997, including $2.4 billion in loans, a finance ministry tally showed yesterday.South Korea's direct investment in Indonesia also stood at $1.
Thu, 05 Feb 1998
National repentance
National repentanceFrom Forum KeadilanA series of calamities has bedeviled our country in recent months, the impact of which is well beyond our comprehension. The nation may now have to go through a period of collective introspection.
Thu, 05 Feb 1998
Ministers reflect on the past in their last cabinet meeting
Ministers reflect on the past in their last cabinet meeting JAKARTA (JP): Yesterday's monthly cabinet meeting at the Bina Graha presidential office to review the economy was the last before the government is dissolved next month, and some ministers have begun reflecting quietly on their service.
Thu, 05 Feb 1998
Pertamina launches market operation
Pertamina launches market operation JAKARTA (JP): State-owned oil and gas company PT Pertamina launched a massive market operation yesterday by dropping a large quantity of lubricants at the gas stations across the city to help stabilize the market.
Thu, 05 Feb 1998
Asian currencies shed gains as baht wilts
Asian currencies shed gains as baht wilts SINGAPORE (Reuters): Asian currencies surrendered some of their gains to demand for cheap dollars late yesterday as the Thai baht -- a star performer in recent sessions -- fell back through a key support.
Thu, 05 Feb 1998
Water bomber readied to fight forest fires
Water bomber readied to fight forest fires JAKARTA (JP): The government is to dispatch a Pilatus fire bomber to East Kalimantan to fight the spreading forest fires there, a provincial official said yesterday.
Thu, 05 Feb 1998
RI needs capital account control: Analysts
RI needs capital account control: Analysts TOKYO (Reuters): Jakarta needs to control the nation's capital account more strictly to help stabilize the rupiah and facilitate the implementation of its structural reform plans, analysts in Tokyo said.
Thu, 05 Feb 1998
Indonesia announces Davis, Fed Cup teams
Indonesia announces Davis, Fed Cup teams JAKARTA (JP): The Indonesian Tennis Association yesterday announced which players would compete in the Davis Cup tie against Japan next week.Association chairman Sarwono Kusumaatmadja said yesterday that Sulistyo Wibowo, Andrian Raturandang and Suhendar...
Thu, 05 Feb 1998
Yayuk exempted from official 13th Asian Games training
Yayuk exempted from official 13th Asian Games training JAKARTA (JP): The Indonesian Tennis Association has exempted the country's women's number one player Yayuk Basuki from taking part in its training program for the 13th Asian Games in Bangkok.
Thu, 05 Feb 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 4, 1998: Buying Selling Rp Rp U.S. dollar 1 8,500.00 11,500.00Austrian shilling 1 549.20 837.90Australian dollar 1 4,912.90 7,014.30Belgian franc 1 192.20 278.60Canadian dollar 1 5,048.
Thu, 05 Feb 1998
Businesses urge WB to help ease debt problem
Businesses urge WB to help ease debt problem JAKARTA (JP): Indonesian business leaders have urged the World Bank to take a more active role in helping the country's ailing private sector through its affiliated International Finance Corporation (IFC).Teddy P.
Thu, 05 Feb 1998
Greater courage needed to face the reality
Greater courage needed to face the reality Indonesia's economic crisis bites deep and spares no one. Wimar Witoelar, a TV host and public affairs commentator, reflects on this issue and suggests possibile wayout. JAKARTA (JP): It must be a bad dream.
Thu, 05 Feb 1998
Southeast Asian cocoa prices fall, supply seen tight
Southeast Asian cocoa prices fall, supply seen tight KUALA LUMPUR (Reuters): Southeast Asian cocoa prices fell sharply this week on strong regional currencies despite firmer New York prices Tuesday due to fund buying.