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Fri, 19 Mar 1999
Privatization of state firms may yield only $381m
Privatization of state firms may yield only $381m JAKARTA (JP): Indonesia is likely to raise only about US$381 million from its privatization measures in the 1998/1999 fiscal year ending March 31, a senior government official has said.
Fri, 19 Mar 1999
RI bars Japanese scholar Kunio from entering
RI bars Japanese scholar Kunio from entering JAKARTA (JP): Renowned Japanese scholar Yoshihara Kunio has been refused entry into Indonesia.He was to enter the country on Sunday, an executive of the Jakarta office of the Kyoto University, Igarashi, told The Jakarta Post on Tuesday.
Fri, 19 Mar 1999
China reassures stable yuan
China reassures stable yuan HANOI (AFP): China's central bank deputy governor on Thursday reassured his ASEAN counterparts and deputy finance ministers of China's commitment to maintaining a stable yuan.
Fri, 19 Mar 1999
Chicken as a crisis indicator
Chicken as a crisis indicatorBy Hermawan Sulistyo JAKARTA (JP): The country is still vulnerable to rioting and social unrest due to the worsening political economy.Besides political aspects, the deterioration of the economy since the middle of 1997 has provided conditions conducive to the...
Fri, 19 Mar 1999
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: by Yayat. S, at Duta Fine Arts Foundation, Jl. Kemang Utara 55A, South Jakarta (Phone: 7990226), Tuesday to Saturday at 10 a.m. to 7 p.m., Sunday, Monday at 11 a.m. to 4 p.m., until March 25.
Fri, 19 Mar 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on March 17, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,895.00 8,925.00 8,895.00 8,965.00Australian dollar 1 5,511.20 5,603.75 5,486.00 5,653.00Austrian schilling 1 705.56 716.90 - -Belgian franc 1 240.
Fri, 19 Mar 1999
Dazing antigraft drive
Dazing antigraft drive Many people have grown more and more impatient in watching the authorities' slow steps toward clean governance. And people always get hurt because of the way the government stubbornly defends its failures.
Fri, 19 Mar 1999
Debates on controversial oil and gas bill intensifies
Debates on controversial oil and gas bill intensifies JAKARTA (JP): Debates on the controversial oil and gas bill have intensified as Minister of Mines and Energy Kuntoro Mangkusubroto lobbies hard to win approval from the House of Representatives.
Fri, 19 Mar 1999
ASEAN-China forum forges new ties
ASEAN-China forum forges new ties KUALA LUMPUR (AFP): Senior ASEAN and Chinese officials announced plans on Thursday to bolster ties through a range of economic, science and technology projects.The announcement came at the end of a two-day meeting here of the ASEAN-China Joint Cooperation...
Fri, 19 Mar 1999
Ghalib ignores impending sale of Soehartos' homes
Ghalib ignores impending sale of Soehartos' homes JAKARTA (JP): Attorney General Andi M. Ghalib played down on Wednesday media reports on the planned sales of three luxurious mansions in London owned by relatives of Soeharto, saying it was irrelevant to the government's investigation into the...
Fri, 19 Mar 1999
E. Timor soldiers found dead
E. Timor soldiers found dead DILI, East Timor: The bodies of two Armed Forces members, who were kidnapped by an unidentified group of youths in Vemasse subdistrict in Baucau district on March 6, have been found, the military said.
Fri, 19 Mar 1999
Action against provocateurs
Action against provocateursFrom DRThe recent escalation in intensity and frequency of social unrest in Maluku, West Kalimantan and some other places across the country may be the result of the government's lack of firmness and consistency in discovering and taking action against provocateurs.
Fri, 19 Mar 1999
11 arrested for alleged Rp 22.8b tax scam
11 arrested for alleged Rp 22.8b tax scam JAKARTA (JP): Jakarta Police detectives have arrested 11 people for alleged involvement in a Rp 22.8 billion (US$2.59 million) taxation scam at private company PT Telekomunikasi Selular (Telkomsel), an officer said on Wednesday.
Fri, 19 Mar 1999
RI, foreign banks to talk on debts
RI, foreign banks to talk on debts NEW YORK (Dow Jones): Indonesia and foreign banks will meet next week in London to negotiate the rescheduling of about US$4 billion in bank debt maturing between April 1, 1999, and Dec. 31, 2001.
Fri, 19 Mar 1999
Cheap tires for minivan drivers
Cheap tires for minivan drivers BOGOR (JP): The Organization of Land Transportation Company Owners (Organda) here has sold cheap tires to thousands of minivans drivers since November in a bid to ease financial stress caused by skyrocketing prices of automobile spare parts.Local office head, A.
Fri, 19 Mar 1999
Gulf, Talisman test wells
Gulf, Talisman test wells DENVER (Dow Jones): Gulf Indonesia Resources Ltd and its partners reported positive results from the Corridor Production Sharing Contract area in south Sumatra, Indonesia.In a news release, the company said the Suban 3 delineation well, a 2.
Fri, 19 Mar 1999
Questions on bank recapitalization
Questions on bank recapitalization In many instances our present Cabinet is as obstinate as its predecessors in the old New Order regime. There has been practically no sign of change in either manner or attitude in the way the Cabinet manages state affairs, despite the demands for reform.
Fri, 19 Mar 1999
RI net forex reserves fall again
RI net forex reserves fall again JAKARTA (JP): Indonesia's net foreign exchange reserves dropped to US$14.4 billion in the week ending on March 15 from $14.62 billion the previous week, Bank Indonesia announced on Wednesday.
Fri, 19 Mar 1999
Banking reform
Banking reform The liquidation of 38 commercial banks was announced as an initial measure to save the national banking industry. As banks serve as the main pillars of economic activities, local banks must first be subjected to revamping before the real sector can be revived.
Fri, 19 Mar 1999
Golkar loses 19% of members in Jakarta
Golkar loses 19% of members in Jakarta JAKARTA (JP): The ruling Golkar has lost some 19 percent of its 1.6 million members in the capital, party secretary Fatommy Asaari said on Tuesday.According to Fatommy, many of the 300,000 ex-Golkar members had joined other parties contesting the June 7...
Fri, 19 Mar 1999
KPU passes controversial internal campaign ruling
KPU passes controversial internal campaign ruling JAKARTA (JP): The General Elections Commission (KPU), which is in charge of preparing the June 7 poll, decided on Wednesday to allow its 53 members and the National Elections Committee (PPI) to be both party activists and legislators.
Fri, 19 Mar 1999
Edison investigating its Indonesian power project
Edison investigating its Indonesian power project NEW YORK (Dow Jones): Edison International has launched an internal investigation into its US$2.5 billion power-plant project in Indonesia, which has been plagued by charges of corruption and excessive electricity tariffs, according to people...
Wed, 17 Mar 1999
Carter helps RP slum dwellers
Carter helps RP slum dwellers MANILA (AP): With hammer in hand, Former U.S. president Jimmy Carter will lead next week the construction of low-cost housing for slum-dwellers in the Philippines.Carter, along with about 2,000 other foreign and local volunteers, will put up the first of the homes in...
Wed, 17 Mar 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on March 16, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,775.00 8,805.00 8,775.00 8,845.00Australian dollar 1 5,461.55 5,554.25 5,436.00 5,604.00Austrian schilling 1 686.66 697.94 - -Belgian franc 1 234.
Wed, 17 Mar 1999
RI to wait to sign rice import contracts
RI to wait to sign rice import contracts JAKARTA (JP): Minister of Industry and Trade Rahardi Ramelan said on Tuesday that the government would not sign any new contracts to import rice until May or June.
Wed, 17 Mar 1999
Donated rice dumped in sea
Donated rice dumped in sea MAUMERE, East Nusa Tenggara: The branch of Care International in Maumere, Flores in Sikka regency here had to dispose of 325 sacks of rice on Sunday because the contents were no longer edible.The head of Care International here, Agnes Savitri F.
Wed, 17 Mar 1999
Rio Tinto, UNPAD sign deal
Rio Tinto, UNPAD sign deal JAKARTA (JP): Rio Tinto Foundation, established by mining company PT Rio Tinto Indonesia, has signed a cooperation agreement with Padjadjaran University (UNPAD) of Bandung, West Java, to promote geological studies.
Wed, 17 Mar 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 16 , 1999: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 2,500 Alumindo Light Metal 350 25 25,000 Alumindo...
Wed, 17 Mar 1999
Citizens arrest robbery suspects
Citizens arrest robbery suspects JAKARTA (JP): Two people were apprehended by Prumpung residents in East Jakarta late Monday after they were caught red- handed robbing a passerby in the area, Jakarta Police spokesman Lt. Col. Zainuri Lubis said.
Wed, 17 Mar 1999
RI, Dutch energy cooperation
RI, Dutch energy cooperation JAKARTA (JP): Indonesia and the Netherlands have agreed to bolster bilateral relations in the energy sector.Indonesian Ministry of Mines and Energy's spokesman Budhi Sulistyo said in a statement on Friday the countries made the agreement during the Dutch-Indonesia...
Wed, 17 Mar 1999
The haj pilgrimage: A social and global vision
The haj pilgrimage: A social and global visionBy A Chaedar Alwasilah BANDUNG (JP): This year 71,078 Indonesians will perform the annual haj pilgrimage to the holy land of Mecca. This figure is about one third the number of pilgrims last year.
Wed, 17 Mar 1999
Baby found suffering from chronic undernourishment
Baby found suffering from chronic undernourishment JAKARTA (JP): At least one infant has been found to be suffering from chronic and acute undernourishment at the Cipto Mangunkusumo General Hospital (RSCM) in Central Jakarta.
Wed, 17 Mar 1999
Judiciary marred by distorted rule of law concept
Judiciary marred by distorted rule of law concept The recent detention and trial of student demonstrators in Jakarta unveils the hypocrisy beneath the new law on freedom of expression. Political scientist J.
Wed, 17 Mar 1999
Govt says economy set to bottom out
Govt says economy set to bottom out JAKARTA (JP): Indonesia's crisis-hit economy should bottom out in the first semester of the next fiscal year beginning in April after shrinking by an estimated 16 percent in the current 1998/1999 fiscal year, the government said Tuesday.
Wed, 17 Mar 1999
Subdistricts lack office rent funds
Subdistricts lack office rent funds TANGERANG (JP): At least 13 subdistricts in Cipondoh district here are short of funds to extend their office rentals and could face eviction, an official said on Tuesday.
Wed, 17 Mar 1999
Bank employees consult legislature
Bank employees consult legislature MEDAN, North Sumatra: Delegates of some 800 employees of liquidated banks went on Tuesday to the legislature here, rejecting the application of the severance pay regulations in their case.
Wed, 17 Mar 1999
Diplomatic row erupts in Bangkok
Diplomatic row erupts in Bangkok BANGKOK (AFP): Thailand has threatened to revoke the diplomatic immunity of seven North Korean Embassy staff members facing possible arrest over a bungled kidnapping of a runaway diplomat, officials said on Tuesday.
Wed, 17 Mar 1999
17 foreigners caught for immigration violations
17 foreigners caught for immigration violations JAKARTA (JP): Immigration officers detained 15 Africans and two Indians for permit violations during raids on three different spots in the capital on Tuesday.Coordinator of Jakarta immigration affairs, Hamsuk S.
Wed, 17 Mar 1999
Women show their mettle in crisis
Women show their mettle in crisisBy Mayling Oey-Gardiner JAKARTA (JP): In Indonesia's predominantly patriarchal framework, women are all too often seen as the weaker sex. Yet, the ongoing economic and social crises seem only to be demonstrating how Indonesian women are, in fact, acting as a real...
Wed, 17 Mar 1999
Security forces fire warning shots in riot-torn Ambon
Security forces fire warning shots in riot-torn Ambon JAKARTA (JP): Tensions again rose in the ravaged Maluku capital of Ambon on Tuesday when a fire mysteriously broke out and a security officer fired warning shots to disperse spectators.
Wed, 17 Mar 1999
ASEAN moves to avert future financial shocks
ASEAN moves to avert future financial shocks HANOI (AFP): Southeast Asian finance officials were attempting to firm up a proposal on Tuesday for an early warning system to avert future crises of the kind that has left regional economies in tatters.
Wed, 17 Mar 1999
Indovest Bank likely to close: Official
Indovest Bank likely to close: Official JAKARTA (JP): The government is weighing the fate of publicly listed Indovest Bank after its Japanese partners refused to recapitalize the ailing joint venture bank, a senior government official said on Tuesday.
Wed, 17 Mar 1999
No paper
No paper In observance of the Hindu Day of Silence, The Jakarta Post will not be published tomorrow. The Post will appear again on Friday. -- The Publisher
Wed, 17 Mar 1999
Acting on asset foreclosure
Acting on asset foreclosure JAKARTA (JP): Lawyer J.M. Sutarman on Tuesday urged the finance minister, the governor of Bank Indonesia and the chairman of the Capital Market Supervisory Agency to honor and follow up the South Jakarta district court's order last week for the foreclosure on two...
Wed, 17 Mar 1999
Staffs of closed banks vow to continue strikes
Staffs of closed banks vow to continue strikes JAKARTA (JP): Employees of banks closed by the government late last week pledged on Tuesday to continue their strike unless demands for fair severance payment were met.
Wed, 17 Mar 1999
Defense asks military court to drop abduction charges
Defense asks military court to drop abduction charges JAKARTA (JP): Defense lawyers called on the military court on Tuesday to drop all charges against 11 Army's Special Force (Kopassus) soldiers, accused of abducting political activists in the last months of the Soeharto regime, claiming the...
Wed, 17 Mar 1999
Inappropriate to ask for U.S. help
Inappropriate to ask for U.S. helpFrom Pikiran RakyatU.S. Secretary of State Madeleine Albright's visit to Indonesia embraced a comprehensive political mission. She paid a visit to the President and also met with a number of figures who could serve U.S. interests in Indonesia.
Wed, 17 Mar 1999
Prosecutor's demand to free legislator Nurdin protested
Prosecutor's demand to free legislator Nurdin protested UJUNGPANDANG, South Sulawesi (JP): Hundreds of university students and lecturers on Tuesday protested the provincial prosecutor's office over its demand for the acquittal of legislator Nurdin Halid on charges of embezzling funds from a...
Wed, 17 Mar 1999
Soehartos puts London homes on market: Report
Soehartos puts London homes on market: Report JAKARTA (Agencies): Relatives of former president Soeharto are selling three lavish London properties in a move which could be linked to the corruption probe Soeharto faces back home, AFP reported on Tuesday.
Wed, 17 Mar 1999
Southeast Asian currencies rise further as yen surges
Southeast Asian currencies rise further as yen surges SINGAPORE (Dow Jones): Southeast Asian currencies extended their recent bull-run, rising further against the U.S. dollar during Asian trading late on Tuesday.North Asian currencies also rose, but most analysts remained extremely cautious.