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Fri, 20 Feb 1998
Most Asia-Pacific stock markets rise
Most Asia-Pacific stock markets rise HONG KONG (AFP): Most Asia-Pacific stock markets rose yesterday as ailing regional currencies strengthened against the U.S. dollar, but profit-taking trimmed their gains.The biggest gainer was Seoul, where foreign buying pushed stocks 5.3 percent higher.
Fri, 20 Feb 1998
Habibie's nomination not a victory for Moslems: Scholar
Habibie's nomination not a victory for Moslems: Scholar JAKARTA (JP): The imminent accession of State Minister of Research and Technology B.J. Habibie to the vice presidency does not represent a victory for Indonesian Moslems in politics, but for the political elite, a political observer says.
Fri, 20 Feb 1998
Food priced in dollars
Food priced in dollars My family and I left for a five-day vacation on the beautiful island of Bali on Jan. 28. We were booked in to the Melia Sol Hotel on Nusa Dua Beach. My choice of hotel was based on two reasons.
Fri, 20 Feb 1998
Daring measures needed?
Daring measures needed? When market sentiments are nervous and highly sensitive to breaking news, any moves with the potential to disrupt tranquility should, in theory, be avoided.Surprisingly, however, the currency market reacted positively, against all expectations, to news that Bank Indonesia...
Fri, 20 Feb 1998
Trading partners agree to give credit guarantees
Trading partners agree to give credit guarantees JAKARTA (JP): Japan, Australia and the United States have agreed to provide credit guarantees for Indonesian exporters to import raw materials, a senior trade official said yesterday.
Fri, 20 Feb 1998
Stock up almost 5% as rupiah strengthens
Stock up almost 5% as rupiah strengthens JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) rose nearly 5 percent yesterday, supported by strong foreign and local buying of blue chip and mid-size stocks, brokers said.They said foreign brokerage houses like Credit Lyonnais and Indosuez-W.
Fri, 20 Feb 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 19, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 625 25 31,500 AHAP Insurance 350 0 0 Alter Abadi 500 0 33,500 Alumindo Light Metal 300 0 405,500...
Fri, 20 Feb 1998
Activists step up bid for Emil's VP candidacy
Activists step up bid for Emil's VP candidacy JAKARTA (JP): Activists from a coalition of non-governmental organizations (NGOs) maintained the momentum yesterday to nominate former cabinet minister Emil Salim for the vice presidency, despite some people's belief his campaign does not have even the...
Fri, 20 Feb 1998
Kendari hit by third day of rioting
Kendari hit by third day of rioting JAKARTA (JP): Rioting erupted again yesterday in the Southeast Sulawesi capital Kendari, following similar unrest in the city Tuesday and Wednesday. Hundreds of people, enraged by soaring prices, went on the rampage damaging and looting dozens of stores.
Fri, 20 Feb 1998
RI judokas switch classes for Asiad
RI judokas switch classes for Asiad JAKARTA (JP): Indonesian judoka champion Kresna Bayu, who won two golds in the 19th SEA Games here last year, is to move from the 86-kilogram division to the 90kg division in preparation for the 13th Asian Games in Bangkok in December, an official said.
Fri, 20 Feb 1998
Export of rattan not profitable
Export of rattan not profitable JAKARTA (JP): Few rattan traders have entered overseas markets despite the government's removal of its rattan export ban last month, a minister has said.Minister of Forestry Djamaludin Suryohadikusumo said yesterday that overseas markets for raw and processed rattan...
Fri, 20 Feb 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Paket 27 6:00 News: Lintasan Berita 6:05 Nusantara, The...
Fri, 20 Feb 1998
Alleged robber tries to commit suicide
Alleged robber tries to commit suicide JAKARTA (JP): Police said an alleged robber panicked and attempted to commit suicide by drinking liquid insecticide yesterday after a man was killed during a robbery at Pondok Gede Plaza, Bekasi.City police spokesman Lt. Col. E.
Fri, 20 Feb 1998
Sigit still listed for Thomas Cup team
Sigit still listed for Thomas Cup team JAKARTA (JP): Indonesia's best doubles player Sigit Budiarto will still prepare for the 1998 Thomas Cup championships in Hong Kong in May, the Badminton Association of Indonesia's deputy, Mangombar Ferdinand Siregar, said Wednesday.
Fri, 20 Feb 1998
Slovak Republic vows to boost cooperation with SE Asia
Slovak Republic vows to boost cooperation with SE Asia JAKARTA (JP): The Slovak Republic is committed to strengthening its cooperation with Southeast Asian countries despite the economic woes that have hit the region over the past few months, says its official.
Fri, 20 Feb 1998
Singapore sets aside $1.2b for Asian loans
Singapore sets aside $1.2b for Asian loans SINGAPORE (Reuters): Singapore banks' provisions for regional exposure in 1997 are larger than expected, but the aggressive move bodes well for the industry, banking analysts and economists said yesterday.
Fri, 20 Feb 1998
Humpuss Transport profit up
Humpuss Transport profit up JAKARTA (JP): PT Humpuss Intermoda Transportasi, a publicly listed firm under the Humpuss Group, has said its net profit for 1997 could total Rp 26.8 billion (US$3.15 million), 10 percent higher than its target of Rp 24.4 billion.
Fri, 20 Feb 1998
CBS critical for RI survival: Hanke
CBS critical for RI survival: Hanke JAKARTA (JP): President Soeharto's currency board advisor Steve Hanke warned yesterday that Indonesia's economy would collapse within four months if the government did not introduce a fixed exchange rate regime as soon as possible.
Fri, 20 Feb 1998
Hotel profiteering
Hotel profiteering Wanting a relief from the hectic pace of a Jakarta lifestyle, and having an extended weekend due to Idul Fitri holidays, my expatriate family and I visited the island of Lombok. Having previously "booked" a special "Lebaran Rate" at the Novotel Coralia at the southern area of the...
Fri, 20 Feb 1998
The sun will no longer shine
The sun will no longer shine YOGYAKARTA: Members of a Javanese mystical cult on Mount Merapi who believe the sun will soon stop shining have illegally hoarded kerosene and salt, police said.Members of Garuda Pancasila Mawahyu Buana in Gondoarum village have taken the prophecy that 1998 is the "year...
Fri, 20 Feb 1998
Japan suffers 1st Asian loss
Japan suffers 1st Asian loss TOKYO (AFP): Japan suffered its first trade deficit with Asia in eight years in January while its surplus with the United States grew ever larger, pushing the month's overall surplus up to 381.5 billion yen (US$3 billion), the finance ministry said yesterday.
Fri, 20 Feb 1998
Stock hoarders will be tried: Dibyo
Stock hoarders will be tried: Dibyo JAKARTA (JP): National Police chief Gen. Dibyo Widodo yesterday reiterated that, from now on, all suspected stockpilers will be questioned and will face charges if sufficient evidence is available.
Fri, 20 Feb 1998
Work on city's triple-tier transit system to start
Work on city's triple-tier transit system to start JAKARTA (JP): Construction on the triple-tier transit system to link Bintaro in South Jakarta and Kota in West Jakarta is scheduled to start next week, Governor Sutiyoso announced yesterday."We will start the project on Feb.
Fri, 20 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 * References, obscure or unknown, can cause you problems.
Fri, 20 Feb 1998
Belt-tightening measures get councilors' support
Belt-tightening measures get councilors' support JAKARTA (JP): The municipality's tight 1998/1999 draft budget received a nod of approval from city councilors but they urged the administration to be thrifty in all sectors and not waver.
Fri, 20 Feb 1998
ASEAN ready to douse fires
ASEAN ready to douse fires MANILA (Reuter): The Association of South East Asian Nations (ASEAN) is ready to act fast if Indonesia asks for help to fight fires blazing on the island of Kalimantan, Philippine officials said yesterday."No doubt about that. This speaks of ASEAN brotherhood ...
Fri, 20 Feb 1998
Basic course on Islam in English
Basic course on Islam in English JAKARTA (JP): Sisters, a nonprofit organization dedicated to providing a greater understanding of Islam for the English- speaking community in Jakarta, will be holding a six-week course, A General Introduction to Islam, starting on Feb. 28.
Fri, 20 Feb 1998
A cut in RI aid could hit Bangkok
A cut in RI aid could hit Bangkok BANGKOK (AFP): The IMF has warned Thailand that its bid to ease its economic woes could be hit by fallout if the world body is forced to suspend Indonesia's rescue package, the finance minister said yesterday.
Fri, 20 Feb 1998
He knows the answer
He knows the answer What's wrong with Indonesia? What's wrong with this country? What's wrong with us?Things seem to be getting worse every day. And now it's in the final stage. Nobody knows whether the present crisis will go on and on, or stop any moment. Nobody knows anything about it.
Fri, 20 Feb 1998
Shooting association allots Rp 1.b for Asiad training
Shooting association allots Rp 1.b for Asiad training JAKARTA (JP): The Indonesian Shooting and Hunting Association's chairman, Sutiyoso, announced yesterday that the association would provide Rp 1.3 billion (US$140,540) for its athletes long-term training program for the 13th Asian Games in...
Fri, 20 Feb 1998
Asian currencies shine on hopes of G-7 help
Asian currencies shine on hopes of G-7 help SINGAPORE (Reuters): The fate of Indonesia and its neighbors rests on this weekend's meeting of finance ministers and central bankers from the Group of Seven (G-7) nations, dealers said yesterday.
Fri, 20 Feb 1998
Take on this disaster
Take on this disaster The government's preoccupation with solutions to the present monetary and economic crises is understandable given the difficulties faced by the country. In fact, it is not only the authorities who are engrossed in the problem, private Indonesian citizens are compelled to daily...
Fri, 20 Feb 1998
Brazil buys Indonesian crude
Brazil buys Indonesian crude SINGAPORE (Reuters): Brazil has bought cargo of heavy, low sulfur Indonesian Minas crude for the first time, traders said yesterday."As far as I know, this is the first time that Minas has gone to Brazil," said a trader with a major oil company.
Fri, 20 Feb 1998
KL radios to lessen foreign songs
KL radios to lessen foreign songs KUALA LUMPUR (AFP): Malaysia's Information Minister Mohamed Ramat ordered local radio stations yesterday to play less foreign songs to help reduce the country's current account deficit, Bernama news agency reported.
Fri, 20 Feb 1998
Foreigners questionable agenda
Foreigners questionable agendaBy Sayidiman Suryohadiprojo JAKARTA (JP): It is difficult for ordinary Indonesian people to understand concern shown among foreign circles over the choice of Indonesia's next vice president, to be elected during the General Session of the People's Consultative Assembly...
Fri, 20 Feb 1998
MPR urged to defend people's interests
MPR urged to defend people's interests JAKARTA (JP): Religious leaders called yesterday for the People's Consultative Assembly (MPR) to defend the people's interests.They also appealed to people currently bearing the brunt of the economic crisis to refrain from resorting to acts that violated the...
Fri, 20 Feb 1998
French jazz musketeers join Raharjo for gamelan fusion
French jazz musketeers join Raharjo for gamelan fusionBy Nicolas Colombant JAKARTA (JP): The French have a thing about gamelan music.Classical melody-maker Claude Debussy wrote: "It can only be compared to two things: moonlight and untamed water.
Fri, 20 Feb 1998
12 drink their way to death
12 drink their way to death YOGYAKARTA: Cheap homemade alcoholic drinks available at roadside stalls here have claimed 12 lives this month as they gain in popularity among the jobless and blue-collar workers.
Fri, 20 Feb 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 19, 1998: Buying Selling Rp Rp U.S dollar 1 7,500.00 10,000.00Austrian shilling 1 542.20 830.60Australian dollar 1 4,809.60 6,885.00Belgian franc 1 191.40 272.90Canadian dollar 1 5,017.
Fri, 20 Feb 1998
Fish powder mills to be built
Fish powder mills to be built JAKARTA (JP): The Ministry of Agriculture plans to build 80 fish powder mills worth Rp 800 billion (US$88.8 million) to reduce the country's dependence on imports, a senior official has said.
Fri, 20 Feb 1998
Students demand food security, reform
Students demand food security, reform DEPOK, West Java (JP): Around 2,000 University of Indonesia students marched around their campus here yesterday demanding food security, employment and political reform.
Fri, 20 Feb 1998
Govt pledges to honors power purchase deals
Govt pledges to honors power purchase deals JAKARTA (JP): The government has pledged that it will honor power purchase contracts between state electricity company PT Perusahaan Listrik Negara (PLN) and independent power producers (IPPs).In making the pledge yesterday, Minister of Mines and Energy I.
Fri, 20 Feb 1998
Knorr upbeat on RI's market
Knorr upbeat on RI's market JAKARTA (JP): American food manufacturer PT Knorr Indonesia remains confident about Indonesia's big consumer market despite the crisis.The company's president, Peter N.M. Smith, said yesterday the market for consumer products remained strong, especially products for...
Fri, 20 Feb 1998
RI's migrant workers pay heavy price for gains
RI's migrant workers pay heavy price for gainsBy Erafzon Saptiyulda AS JAKARTA (Antara): It is unfortunate little attention is paid to opportunities for the export of Indonesian migrant workers as a way to solve the growing unemployment problem.
Fri, 20 Feb 1998
Irian Jaya 'needs more schools, hospitals'
Irian Jaya 'needs more schools, hospitals' JAKARTA (JP): Irian Jaya badly needs more education and health facilities to help the underdeveloped territory catch up with other provinces, a politician and a church minister said yesterday.
Fri, 20 Feb 1998
Man falls from train at platform
Man falls from train at platform JAKARTA (JP): A 48-year-old man who tried to board a moving train, died after he fell and hit his head on the edge of the platform at Manggarai Railway Station in South Jakarta yesterday afternoon.
Fri, 20 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.
Fri, 20 Feb 1998
Steve Hanke is man on mission: U.S. economists
Steve Hanke is man on mission: U.S. economists WASHINGTON (Reuters): Steve Hanke, the Johns Hopkins University professor with a Messianic devotion to fixed exchange rates, is a reputable economist whose advice to Indonesia's President Soeharto could prove disastrous for the world's fourth most...
Fri, 20 Feb 1998
Asian fallout hurts entertainment technology firms
Asian fallout hurts entertainment technology firmsBy Michael White LOS ANGELES (AP): The Asian financial crisis is crimping U.S. companies that built a thriving business catering to the demand for high-tech entertainment in Thailand, Malaysia, Indonesia and other countries.
Fri, 20 Feb 1998
Govt awards 50 mining contracts
Govt awards 50 mining contracts JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana awarded yesterday 50 Contracts of Work (COWs) to local and foreign investors to develop mineral and coal resources across the country.