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Tue, 24 Feb 1998
Soldiers seize homemade M-16
Soldiers seize homemade M-16 SAMARINDA, East Kalimantan: Soldiers here seized a homemade rifle shaped like the U.S.-made M-16 and arrested a retired police officer and his accomplice, Antara reported yesterday.Lt. Col.
Tue, 24 Feb 1998
13 warehouse owners detained for hoarding
13 warehouse owners detained for hoarding JAKARTA (JP): At least 13 warehouse owners are in police custody and will be tried for deliberately hoarding staple foods for their own benefit, an officer said yesterday.
Tue, 24 Feb 1998
An expat's view on crisis
An expat's view on crisis Why do we have a worse problem in Indonesia than in the neighboring countries? Allow an amateur economist to present a condensed answer.Three different problems struck us at the same time.
Tue, 24 Feb 1998
Australia considers food aid package for Indonesia
Australia considers food aid package for Indonesia CANBERRA (Reuters): Australia will hold negotiations with Indonesia on an emergency food aid program aimed at averting riots over food shortages and soaring prices, Australian Foreign Minister Alexander Downer said yesterday.
Tue, 24 Feb 1998
Chinese-Indonesians not at home in China
Chinese-Indonesians not at home in ChinaBy Justin Jin BEIJING (Reuters): Every time Xu Baimin writes a letter home to Indonesia, her sister there slips the postman a small tip when he makes the delivery.
Tue, 24 Feb 1998
Wiranto warns of groups seeking radical reform
Wiranto warns of groups seeking radical reform JAKARTA (JP): Armed Forces Commander Gen. Wiranto charged yesterday there were groups in Indonesian society seeking to engineer radical political and economic reform.
Tue, 24 Feb 1998
My husband, an expat
My husband, an expat I was born in Indonesia and raised in Menteng, Central Jakarta, but have been away for over 20 years. I'm writing this in view of the present crisis and the letters that have been written about expatriates.It took me a few years to convince my husband for us to live in Jakarta.
Tue, 24 Feb 1998
Lightning strike kills 2, injures 8
Lightning strike kills 2, injures 8 TANGERANG (JP): Two sand miners were killed and eight others injured when lightning struck a hut in Dandang village, Serpong, here Sunday evening.Uding, 30, and Agus, 28, died in the freak accident.
Tue, 24 Feb 1998
KONI to send Yayuk and badminton teams to Asiad
KONI to send Yayuk and badminton teams to Asiad JAKARTA (JP): The National Sports Council will only definitely send world-ranked-23 tennis player Yayuk Basuki and the men's and women's badminton teams to the 13th Asian Games in Bangkok in December.
Tue, 24 Feb 1998
Asian currencies pressured by dollar
Asian currencies pressured by dollar SINGAPORE (Reuters): A disappointing response from the Group of Seven (G-7) finance ministers to Asia's problems gave the U.S. dollar renewed strength yesterday and put all the Asian regionals under pressure.
Tue, 24 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 Teenager's Program: Remaja Indonesia 3:35 Development Program: Hamkamnas 4:30 Teenager's Drama: Nostalgia 5:00 English Lessons 5:30 Documentary Film 6:00 Nusantara, The Beloved Country 6:15 Village...
Tue, 24 Feb 1998
Asia's rubber trade seen to be at standstill
Asia's rubber trade seen to be at standstill SINGAPORE (Reuters): Asia's rubber trade is likely to maintain its rangebound state this week, with the political situation in Indonesia and the performance of regional currencies the main factors for business, traders said yesterday.
Tue, 24 Feb 1998
Bakrie gets approval to merge its 4 banks
Bakrie gets approval to merge its 4 banks JAKARTA (JP): The Bakrie Group has received government approval to merge its four banks into a single institution with combined assets of Rp 6 trillion (US$666 million).
Tue, 24 Feb 1998
Asian crisis hits military exercises
Asian crisis hits military exercises SINGAPORE (Reuters): Asian countries have scaled back or postponed planned military exercises with the United States due to the region's financial crisis, a senior U.S. military official said yesterday.
Tue, 24 Feb 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Painting Exhibition: International Indonesian Paintings Exhibition 1998 by Jeihan, Popo, Erica Hestu Wahyuni, Krisna Murti, Faizal, Maria Tjui, etc., at Grand Aquila Hotel, lobby, Jl. Dr. Djundjunan No. 116, to Feb. 28.
Tue, 24 Feb 1998
National ID cards
National ID cardsFrom Suara KaryaMany low-income people have been complaining about the high administrative cost attached to changing regional ID cards into national ID cards. The procedure is further complicated by irregular costs, an additional financial burden.
Tue, 24 Feb 1998
Analyst says Indonesian outlook bleak
Analyst says Indonesian outlook bleak HONG KONG (Reuters): Indonesia faces a troubled future of social and political uncertainty and part of the blame belongs to the International Monetary Fund, an expert on the country said yesterday.
Tue, 24 Feb 1998
Govt undecided on CBS implementation: Mar'ie
Govt undecided on CBS implementation: Mar'ie JAKARTA (JP): The timing on when Indonesia would implement its plans to peg the battered rupiah to a single foreign currency through a currency board system (CBS) depended on President Soeharto, Minister of Finance Mar'ie Muhammad said yesterday.
Tue, 24 Feb 1998
Showtime for endangered turtles on a dark East Java beach
Showtime for endangered turtles on a dark East Java beachBy Tarko Sudiarno BANYUWANGI, East Java (JP): It is a thrilling experience to watch turtles lay their eggs under the cover of darkness at Meru Betiri National Park in Banyuwangi regency, East Java.
Tue, 24 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 23, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 675 25 32,500 AHAP Insurance 350 0 0 Alter Abadi 575 75 35,000 Alumindo Light Metal 275 -25 1,004,000...
Tue, 24 Feb 1998
39 governor candidates listed
39 governor candidates listed MAUMERE, East Nusa Tenggara: The province's legislative council has received a record-high 39 names from the public for the next governor, a councilor has said.The candidates will vie for the chair that incumbent governor Herman Musakabe will vacate in July.
Mon, 23 Feb 1998
Irian, PNG border obscure
Irian, PNG border obscure JAYAPURA, Irian Jaya: Residents of three villages bordering Irian Jaya and Papua New Guinea (PNG) have urged the two countries' governments to define the borderlines for their villages to prevent conflict.
Mon, 23 Feb 1998
RI urged to take IMF medicine
RI urged to take IMF medicine LONDON (Agencies): Indonesia came under strong pressure from the Group of Seven (G-7) leading industrial nations over the weekend to carry out reforms stipulated under an IMF economic rescue package and to shelve its fixed peg plan.
Mon, 23 Feb 1998
APEC holds inaugural talks with Europe
APEC holds inaugural talks with Europe PENANG, Malaysia (AFP): The Asia-Pacific Economic Cooperation (APEC) forum held inaugural talks with the European Commission (EC) here Saturday to promote mutual awareness in the area of products standards, officials said.
Mon, 23 Feb 1998
Emil has no plan to establish political force
Emil has no plan to establish political force SURABAYA (JP): Despite growing political stature accorded him by thousands who support his bid for the vice presidency, senior economist Emil Salim says he has no intention to build a political force."I am not supported by money, much less arms.
Mon, 23 Feb 1998
Government cuts generic drug prices
Government cuts generic drug prices JAKARTA (JP): The government has cut generic drug prices by an average 34 percent after widespread complaints over soaring prices during the last few months.The Ministry of Health announced last week that the reduced prices would come into effect as of Feb. 18.
Mon, 23 Feb 1998
A wise and daring decision
A wise and daring decision Pak Harto (President Soeharto) made a wise and daring decision in instructing the reimbursement of all funds to the depositors in the recently liquidated banks. It was wise because the government had no legal obligation to reimburse depositors of ailing banks.
Mon, 23 Feb 1998
Medicine suppliers told to speed up distribution
Medicine suppliers told to speed up distribution JAKARTA (JP): Governor Sutiyoso has urged medicine suppliers to help speed up the distribution of medicine supplies and avoid hoarding activities."I hope every supplier helps guarantee the distribution of medicines here.
Mon, 23 Feb 1998
KL steps up patrols to check immigrant influx
KL steps up patrols to check immigrant influx KUALA LUMPUR (DPA): Malaysia will step up patrols of its coastal waters and alert villagers to act as "eyes and ears" to prevent an expected influx of Indonesians slipping into the country to seek work, news reports said Saturday.
Mon, 23 Feb 1998
Stock trading to remain inconsistent this week
Stock trading to remain inconsistent this week JAKARTA (JP): Stock trading on the Jakarta Stock Exchange (JSX) is expected to remain volatile this week due to uncertainty over the planned currency board system and the tense political situation, securities analysts said.
Mon, 23 Feb 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Art Exhibition: Trisani by P. Lanny Adriani, Idran Yusuf, Gunawan Hanjaya, in the Regent Jakarta, Jl. H.R. Rasuna Said, Kuningan, South Jakarta, until Feb. 27. * Painting Exhibition: Pesona Jepang, by David Leon, Elisha, Lie Tjoen Tjai, Rudolf G.
Mon, 23 Feb 1998
Japan strives to protect its investments in RI
Japan strives to protect its investments in RI TOKYO (AFP): As the crisis in Indonesia deepens, Japan is moving to protect its firms struggling to do business in one of its most important investment targets in Asia.
Mon, 23 Feb 1998
Message from the Publisher
Message from the Publisher Approximately a month ago The Jakarta Post implemented several cost-efficiency measures -- including the reduction of the number of pages of the newspaper from 16 to 12 pages -- to eliminate financial losses caused by shrinking advertising revenue and rising newsprint...
Mon, 23 Feb 1998
Confusion over RI's peg plan keeps marts mixed
Confusion over RI's peg plan keeps marts mixed SINGAPORE (AFP): Confusion over Indonesia's proposal to peg its beleaguered rupiah despite stern warnings from industrialized nations will keep Asian market sentiment mixed this week, analysts said.
Mon, 23 Feb 1998
Singapore acts on maid abuse
Singapore acts on maid abuse SINGAPORE (AFP): Singapore's government is backing a bill in parliament proposing an increase of up to 10 and a half years in jail for employers who abuse their maids, a newspaper reported yesterday.
Mon, 23 Feb 1998
Rival automakers stall Ford's comeback bid
Rival automakers stall Ford's comeback bid MANILA (AFP): Ford Motor Co.'s request for incentives to build a 6.18-billion-peso (US$154-million) integrated facility in the country has been stalled by opposition from rival car manufacturers, industry sources said yesterday.
Mon, 23 Feb 1998
Man dies on bus, passengers panic
Man dies on bus, passengers panic JAKARTA (JP): The death of a 77-year-old man on an intercity bus Saturday sent other passengers into a panic, forcing the driver to stop at Cawang tollgate so those on board could get off.
Mon, 23 Feb 1998
A personal computer for those who still have dollars to burn
A personal computer for those who still have dollars to burnBy Zatni Arbi JAKARTA (JP): First, when business has ground down to a snail's pace, what is the most ideal thing that employers can do in addition to keeping their employees on the payroll? Those who can still afford it should, of course,...
Mon, 23 Feb 1998
Soaring prices hit transportation sector
Soaring prices hit transportation sector JAKARTA (JP): Thousands of public transportation vehicles have stopped operating due to soaring prices of automobile spare parts resulting from the economic crisis.
Mon, 23 Feb 1998
BI to provide special loans to poultry farmers
BI to provide special loans to poultry farmers JAKARTA (JP): Bank Indonesia, the central bank, plans to provide special credit to help the country's financially troubled poultry farmers.The Ministry of Agriculture said over the weekend that the special credit facilities would be provided to small...
Mon, 23 Feb 1998
RI plywood industries suffer under Asian woes
RI plywood industries suffer under Asian woesBy Sylvia Gratia M. Nirang JAKARTA (JP): The monetary turmoil affecting several Asian countries has significantly cut demand for plywood in overseas markets, and might slowly kill Indonesia's plywood industries.
Mon, 23 Feb 1998
Govt 'must apologize' to people for crisis
Govt 'must apologize' to people for crisisBy Asip Agus Hasani YOGYAKARTA (JP): Prominent sociologist Loekman Soetrisno believes that an open apology from the government for the economic and social crisis hitting the country would appease the public's outrage over skyrocketing prices and shortages...
Mon, 23 Feb 1998
ASEAN talks with Japan, S'pore, Taiwan on rejuvenation fund
ASEAN talks with Japan, S'pore, Taiwan on rejuvenation fund KUALA LUMPUR (AFP): The Association of Southeast Asian Nations (ASEAN) is to consider plans for a regional rehabilitation fund which Malaysia has discussed with Japan, Singapore and Taiwan, newspapers reported Saturday.
Mon, 23 Feb 1998
Landslide kills two girls
Landslide kills two girls WONOSOBO, Central Java: A landslide in Larangan Kaliwiro village buried alive two girls, seriously injured their mother and a 70-year-old man last Friday, Antara reported Saturday.
Mon, 23 Feb 1998
Sea dollars a floatable idea
Sea dollars a floatable idea During the present monetary crisis, several facts have come to the surface. Hopefully, the crisis has taught hard lessons to all concerned.In the era of globalization, our interdependence has been established beyond any doubt.
Mon, 23 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:45 Cartoon: The Big Valley 3:10 TV Drama: Kabar Gembira 3:35 Belief in God The Almighty 4:00 Regional News 4:30 Health Program: Keputihan pada Wanita 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Documentary: Candi Cangkuang dan Kampung Pulo 6:00 News:...
Mon, 23 Feb 1998
Students meet Bogor mayor to express their concern
Students meet Bogor mayor to express their concern BOGOR (JP): A 14-strong delegation of Bogor Institute of Agriculture (IPB) students went to the Bogor mayoralty office Saturday to express their concern about events arising from the monetary crisis.
Mon, 23 Feb 1998
Thousands stranded
Thousands stranded SEMARANG, Central Java: Thousands of passengers were left stranded here yesterday as drivers in the city bus terminal went on strike to protest the soaring prices of auto parts.Authorities mobilized dozens of trucks and buses from government offices bound for Surakarta,...
Mon, 23 Feb 1998
Accountability in the CBS issue
Accountability in the CBS issueBy Frans Seda JAKARTA (JP): Currency board systems may share the same acronym with confidence building systems, but the two are nevertheless distinct entities. They do however fall upon each other in the current economic crisis.
Mon, 23 Feb 1998
CBS application requires great care
CBS application requires great care I fully agree with Emil Salim, who has said that a currency board system (CBS) must be applied with great care and not rushed hastily into operation.In considering any such system, we must remember the agreement that we have entered into with the International...