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Tue, 03 Feb 1998
Tough warning reduces absenteeism at city hall
Tough warning reduces absenteeism at city hall JAKARTA (JP): A majority of the 5,000 civil servants at City Hall showed up at work yesterday after the Idul Fitri holiday, apparently in response to tough disciplinary measures against absenteeism.
Tue, 03 Feb 1998
Immigration asks Sofjan to delay all overseas trips
Immigration asks Sofjan to delay all overseas trips JAKARTA (JP): The Directorate General of Immigration has asked businessman Sofjan Wanandi to remain in Indonesia because of his possible involvement in a bomb blast last month.Directorate spokesman M.A.
Tue, 03 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 2, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 500 -100 5,000 AHAP Insurance 350 0 0 Alter Abadi 200 25 301,500 Alumindo Light Metal 275 25 202,000...
Tue, 03 Feb 1998
Malaysia launches regional offensive on Asian crisis
Malaysia launches regional offensive on Asian crisis KUALA LUMPUR (AFP): Malaysia is launching a regional diplomatic offensive with Prime Minister Mahathir Mohamad and his deputy expected to visit five countries over the next two weeks to discuss the Asian economic crisis, officials and news...
Tue, 03 Feb 1998
Firmer Asian currencies likely: Analysts
Firmer Asian currencies likely: Analysts SINGAPORE (Reuters): Asian regional currencies have lost as much as 80 percent of their value since the crisis first hit last July but later this year the picture should look much rosier, financial analysts said.
Tue, 03 Feb 1998
More violence hits Java, Sulawesi as rumors abound
More violence hits Java, Sulawesi as rumors abound JAKARTA (JP): Hundreds of people attacked and looted shops in Java and Sulawesi yesterday following rumors of dramatic increases in prices of basic commodities.
Tue, 03 Feb 1998
75 detained in crackdown against unwanted migrants
75 detained in crackdown against unwanted migrants JAKARTA (JP): Law enforcement officers briefly detained at least 75 people at two bus stations yesteday they thought were "undesirable" workers moving to the capital in search of employment.
Tue, 03 Feb 1998
Farming deserves more attention
Farming deserves more attentionFrom NeracaI do not agree with people who say that the agricultural sector has been bypassed by monetary upheavals, as put forward by Mr. Sunarsip in his article 'Obstacles in development of the agriculture sector' in Harian Ekonomi Neraca of Jan. 23.
Tue, 03 Feb 1998
Youth organization chairman arrested in gambling den sting
Youth organization chairman arrested in gambling den sting JAKARTA (JP): The chairman of the Golkar-affiliated Pemuda Pancasila youth organization, Yorris Raweyai, 47, was apprehended Thursday for alleged gambling.But he was released the following day.Jakarta Military Command spokesman Lt. Col. D.J.
Tue, 03 Feb 1998
Seven teenagers die in road race
Seven teenagers die in road race MEDAN, North Sumatra: Seven teenage motorcyclists were killed after they were involved in a chain collision during a road race here last week, a press report said yesterday.Eyewitnesses said they saw the illegal racers crash into each other on Jl.
Tue, 03 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, to Feb. 28.
Tue, 03 Feb 1998
Palm oil industry liberalized
Palm oil industry liberalized JAKARTA (JP): The government will soon issue technical directives for the liberalization of foreign investments in the palm oil industry, Agriculture Minister Sjarifudin Baharsjah said here yesterday.
Tue, 03 Feb 1998
Samudera ups its stake
Samudera ups its stake SINGAPORE (Reuters): Samudera Shipping Line Ltd said yesterday it had raised its stake in its fully-owned subsidiary Foremost Maritime Pte Ltd to 40,655,000 ordinary shares from 9,915,000 shares.
Tue, 03 Feb 1998
Who's stronger, the IMF or us?
Who's stronger, the IMF or us?From Pikiran RakyatI could not help being stunned and uttering words of admiration after seeing a TV report on the powerful International Monetary Fund (IMF).With his arms crossed over his chest, the IMF's executive director, Mr.
Mon, 02 Feb 1998
Changes possible in RI firms' ratings: Moody
Changes possible in RI firms' ratings: Moody HONG KONG (Reuters): Moody's Investors Service said it was uncertain how Indonesia's temporary freeze on foreign debt payments by the private sector would affect payment by specific companies and that further ratings changes could occur.
Mon, 02 Feb 1998
Western economic theories are 'as imperfect as Asian'
Western economic theories are 'as imperfect as Asian' KUALA LUMPUR (Reuters): Malaysian Deputy Prime Minister Anwar Ibrahim was quoted yesterday as criticizing Western theories that Asia's financial crisis was the result of corruption and cronyism, saying the West was just as imperfect.
Mon, 02 Feb 1998
Soeharto pledges to restore economic trust
Soeharto pledges to restore economic trust TOKYO (Reuters): Indonesian President Soeharto said he will make all-out efforts to restore trust in Indonesia's financial sector, a Japanese financial daily reported yesterday.
Mon, 02 Feb 1998
Dead infant found in river
Dead infant found in river JAKARTA (JP): A dead infant, estimated to be one year old, was found floating on a river in Karang Anyar village in Cikarang, Bekasi, on Saturday, a forensic staff member of the Cipto Mangunkusumo General Hospital said yesterday.It is believed the baby was murdered.
Mon, 02 Feb 1998
GM, Daewoo to sign deal
GM, Daewoo to sign deal DETROIT, Michigan (AFP): General Motors is within days of signing an agreement with South Korea's Daewoo Group that would increase its presence in the Asian-Pacific automotive market, informed sources said here Friday.
Mon, 02 Feb 1998
Little India gives headache to Singaporean society
Little India gives headache to Singaporean societyBy Nesa Subrahmaniyan SINGAPORE (Reuters): For visitors to Singapore, a country that prides itself on clean streets and orderly behavior, Sundays at Serangoon may come as a shock.
Mon, 02 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:45 Cartoon Film: The Big Valley 3:10 TV Drama: Benang-Benang Kasih 3:35 Belief in God The Almighty 4:00 Regional News 4:30 Creative Program: Karya Tepat Guna 5:00 Indonesian Lessons 5:25 Variety Show 5:30 TV Drama: Kewajiban 6:00 News: Lintasan Berita 6:05...
Mon, 02 Feb 1998
Radius heads for Japan for talks with creditors
Radius heads for Japan for talks with creditors JAKARTA (Agencies): Presidential finance advisor Radius Prawiro left here Saturday for Japan for talks with creditors about a scheme to reschedule billions of dollars owed by the Indonesian private sector here.
Mon, 02 Feb 1998
What role do Asian values play in the midst of monetary crisis?
What role do Asian values play in the midst of monetary crisis? The so-called Asian values were touted to have fueled the Asian miracle. But with the region in deep financial crisis, what role do these values play? Anil Netto reports for Inter Press Service.
Mon, 02 Feb 1998
IMF funds for Indonesia a 'buy-in', not a bailout
IMF funds for Indonesia a 'buy-in', not a bailoutBy James Castle JAKARTA (JP): One reason the market dipped after Indonesia announced its comprehensive and constructive reform package agreement with the International Monetary Fund on Jan.
Mon, 02 Feb 1998
U.S. blasts Asian regimes for human rights abuses
U.S. blasts Asian regimes for human rights abuses WASHINGTON (AFP): The United States blasted authoritarian regimes across Asia, condemning rulers in Myanmar, Indonesia and Cambodia for human rights abuses, but accepting some improvements in China.
Mon, 02 Feb 1998
Two male lifters improve on personal bests
Two male lifters improve on personal bests JAKARTA (JP): Two male lifters have set personal bests in first-phase training for the 13th Asian Games, bolstering their chances of being named to the team to compete in Bangkok in December.
Mon, 02 Feb 1998
Two fires raze five houses during holiday
Two fires raze five houses during holiday JAKARTA (JP): Two fires gutted five unoccupied houses in South and West Jakarta yesterday.A blaze, believed to have been caused by a short circuit, swept through a house at about 9 a.m. on Jl. Bungur in Kebayoran Lama, South Jakarta.
Mon, 02 Feb 1998
Four killed in road races
Four killed in road races UJUNGPANDANG, South Sulawesi: Four motorcyclists who turned the streets into an illegal racing circuit were killed in separate crashes last month, police said over the weekend.Ujungpandang traffic police chief Maj.
Mon, 02 Feb 1998
Four die during 'Takbiran' parades
Four die during 'Takbiran' parades JAKARTA (JP): Four people died and two others were injured in traffic accidents during unofficial street parades marking the Takbiran prayer celebration Thursday night.
Mon, 02 Feb 1998
Thailand faces no threat from Indonesian debt freeze
Thailand faces no threat from Indonesian debt freeze BANGKOK (Reuters): Thailand's rice exports faced no threat from the temporary freeze on debt repayments called by Indonesia, which was expected to be the biggest buyer of Thai rice this year, a top industry source said.
Mon, 02 Feb 1998
Students warn against politics of scapegoating
Students warn against politics of scapegoating JAKARTA (JP): Student and youth leaders warned the public over the weekend against what they called "scapegoating politics" which may threaten national unity.
Mon, 02 Feb 1998
Whatever happened to damage control?
Whatever happened to damage control? Indonesia's image and reputation both abroad and within the country has been severely damaged by many events and factors including: forest fires, huge foreign debts, monetary crisis, deaths due to famine, sporadic riots, corruption, collusion, lack of...
Mon, 02 Feb 1998
Minimum wage increase unlikely this year: Official
Minimum wage increase unlikely this year: Official JAKARTA (JP): The government is not likely to increase the minimum wage level this year due to the fact that most private businesses have been severely affected by the economic crisis, a senior ministry of manpower official has said.
Mon, 02 Feb 1998
Bali needs sea port: PHRI
Bali needs sea port: PHRI JAKARTA (JP): Bali, one of the world's most popular tourist destinations, needs an international sea port to cater to marine tourism, the island's chapter of the Association of Indonesian Hotels and Restaurants (PHRI) has said."Marine tourism has become a trend for U.S.
Mon, 02 Feb 1998
Recreational parks remain popular among revelers
Recreational parks remain popular among revelers JAKARTA (JP): The city's major recreational parks -- Taman Mini Indonesia Indah, Ragunan Zoo and Taman Impian Jaya Ancol -- have remained favorite places for people to celebrate Idul Fitri.
Mon, 02 Feb 1998
Shoe industry braces for more gloomy days
Shoe industry braces for more gloomy daysBy M.M.I. Ahyani BANDUNG (JP): "I usually stopped production during the fasting month of Ramadhan and used my time for book-keeping, settling bills and some annual paperwork.
Mon, 02 Feb 1998
Asian economic can be contained: IMF official
Asian economic can be contained: IMF official BOSTON (Reuters): Asia's financial crisis can be contained, provided governments implement reform programs agreed on with the International Monetary Fund, a senior official of the fund said Friday.
Mon, 02 Feb 1998
Habibie's chance for VP post still shaky: Expert
Habibie's chance for VP post still shaky: ExpertBy Asip Agus Hasani YOGYAKARTA (JP): Thirteen names have so far emerged as Indonesia's next vice presidential hopefuls, but due to the traditional secrecy surrounding the election of the second top post, not many people know who has the most chance.
Mon, 02 Feb 1998
Govt boosts shrimp exports
Govt boosts shrimp exports JAKARTA (JP): The Ministry of Agriculture will support development of about 500,000 hectares of shrimp ponds nationwide this year to boost exports, a senior official said Saturday.Director General of Fisheries F.X.
Mon, 02 Feb 1998
Investors fret over Asian verdict on RI
Investors fret over Asian verdict on RI NEW YORK (Reuters): U.S. investors are closely watching how Asian markets will respond this week to Indonesia's temporary debt freeze and bank reforms.The momentous announcements by the Indonesian government on the eve of long Asian holidays were seen by...
Mon, 02 Feb 1998
Mahathir to visit the Philippines
Mahathir to visit the Philippines MANILA (DPA): Malaysian Prime Minister Mahathir Mohamad is scheduled to arrive in the Philippines this week to discuss with President Fidel Ramos possible remedies for the financial crisis plaguing southeast Asia, officials said yesterday.
Mon, 02 Feb 1998
BI imposes ceiling on forex deposits and liabilities
BI imposes ceiling on forex deposits and liabilities JAKARTA (JP): The central bank, Bank Indonesia, introduced yesterday ceilings on banks' foreign exchange deposits, foreign exchange nontrade and trade related liabilities, including letters of credit.
Mon, 02 Feb 1998
Fresh haze disrupts flight in East Kalimantan airport
Fresh haze disrupts flight in East Kalimantan airport BALIKPAPAN, East Kalimantan (JP): Haze from forest fires has caused minor disruptions in flight schedules at Sepinggan Airport over the past few days, an official has said.
Mon, 02 Feb 1998
JSX expected to maintain upward trend
JSX expected to maintain upward trend JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to strengthen this week on renewed buying activities from local investors.Securities analysts said the banking reform announcement and the temporary freeze in the payment of corporate...
Mon, 02 Feb 1998
WB boss to visit RI
WB boss to visit RI JAKARTA (JP): World Bank President James Wolfensohn is scheduled to begin a two-day visit here Tuesday as part of his Asian tour aimed at reassuring the region's economies.The World Bank announced in a statement that Wolfensohn would visit a poor North Jakarta neighborhood to...
Mon, 02 Feb 1998
Brunei wants direct bus link
Brunei wants direct bus link PURWOKERTO, Central Java: Brunei Darussalam has asked that a bus service be opened between there and Indonesia to serve an increasing number of travelers between the two countries, an official said here Saturday.
Mon, 02 Feb 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Journey by Parvathi Nayar Nayaran at The New Age Bar, Jl. Wahid Hasyim 112, Central Jakarta, 6:30 p.m. to 1:30 a.m., until March 23.Talk * Indonesian Heritage Society's Evening Lecture Series: Jakarta; A Journey Through Time, by Pat...
Mon, 02 Feb 1998
'Raket' sports tabloid suspends publication
'Raket' sports tabloid suspends publication JAKARTA (JP): Raket sports tabloid has suspended publication for at least six months due to the escalating price of newsprint, chief editor Sumohadi Marsis said yesterday.
Mon, 02 Feb 1998
Safe as 'thick' as thieves
Safe as 'thick' as thieves YOGYAKARTA (JP): A sudden change of heart led thieves to dump a safe containing jewelry worth Rp 500 million (about US$50,000) on a local street last week.Police detectives said they believed the thieves just could not figure out how to pry open the one-tone safe and...
Mon, 02 Feb 1998
Property is 'good stake in times' of high inflation
Property is 'good stake in times' of high inflation JAKARTA (JP): Investors should consider property as a safeguard against the declining value of their money in times of high inflation, property consultant PT Procon Indah has advised.