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Fri, 06 Mar 1998
RI won't send sick athletes to England
RI won't send sick athletes to England JAKARTA (JP): The Badminton Association of Indonesia will not send sick or unprepared athletes to the All England Badminton Championships, according to men's doubles coach Atik Djauhari.
Fri, 06 Mar 1998
Jazz bar offers place to unwind
Jazz bar offers place to unwind JAKARTA (JP): Are you desperately trying to cast the cliche "crisis" from your exhausted mind?A night out on the town can help forget worries, but the same tired faces and old tunes end up creating an even more depressing pall.
Fri, 06 Mar 1998
UI students convey their concerns to ABRI faction
UI students convey their concerns to ABRI faction JAKARTA (JP): The Armed Forces faction in the People's Consultative Assembly (MPR) met with student representatives of the University of Indonesia (UI) yesterday following several days of protests by students over the dire economic situation.
Fri, 06 Mar 1998
Economic crisis upsets students
Economic crisis upsets students KENDARI, South East Sulawesi: Out of 10,492 Haluoleo University students, 2,098 have discontinued their studies.The university's deputy rector in charge of student affairs, La Ode M. Arsyad Teno, said Thursday no students had given a reason.
Fri, 06 Mar 1998
IMF okays $270m loan for Thailand
IMF okays $270m loan for Thailand WASHINGTON (Reuters): The International Monetary Fund approved a payment of US$270 million from its $3.9 billion loan to Thailand yesterday and praised it for pressing ahead with economic reforms.
Fri, 06 Mar 1998
Obituary
Obituary Abdullah Said, the founder and leader of 127 Hidayatullah Pesantren (Islamic boarding schools) with thousands of students across the country, died of complications from a stroke in Jakarta on Wednesday. He was 52.
Fri, 06 Mar 1998
'Ngeres Linu' tops 'jamu' stand sales
'Ngeres Linu' tops 'jamu' stand sales JAKARTA (JP): What is the most popular herbal concoction at the jamu stand at the House of Representatives building? Not surprisingly it is the Ngeres Linu brew which helps ease aches and stiffness.
Fri, 06 Mar 1998
Worries grow over Malaysia's Sime Bank
Worries grow over Malaysia's Sime BankBy Madhav Reddy KUALA LUMPUR (Reuters): Sime Bank's woes confirm widespread concern that Malaysia's financial sector has been hit hard by Asia's crisis and raise fears more banks are ailing in the shadows.
Fri, 06 Mar 1998
Hartono's wife dodges hack pack
Hartono's wife dodges hack pack JAKARTA (JP): Outgoing Minister of Information R. Hartono was among the most sought-after Assembly members yesterday as journalists hounded him for comments on the case surrounding the cover of D&R magazine.
Fri, 06 Mar 1998
Help restore confidence
Help restore confidence President Soeharto is apparently looking to take something positive out of the present crisis. The opening remark in his address to the People's Consultative Assembly was that "the main aim of economic and financial reforms and our restructuring program is to restore...
Fri, 06 Mar 1998
Van, truck collide head on, killing 10
Van, truck collide head on, killing 10 UJUNGPANDANG, South Sulawesi: A speeding van hit a parked truck here on Thursday night, killing 10 people and severely injuring three others.Witnesses said an Isuzu Panther van, carrying 11 passengers and traveling at high speed on a street in Limbangan,...
Fri, 06 Mar 1998
Many insurance clients cut dollar-based contracts
Many insurance clients cut dollar-based contracts JAKARTA (JP): Many insurance companies's clients have terminated their U.S. dollar-based insurance contracts to avoid the high increase in premiums resulting from the rupiah's sharp depreciation against the dollar.
Fri, 06 Mar 1998
Aliens and evil wizard a weekend treat for your eyes
Aliens and evil wizard a weekend treat for your eyes JAKARTA (JP): The sight of uniforms seemingly everywhere in the city may give you a slight case of the jitters.Time for tension release once again as we take a deep breath, and take in local movie offerings.
Fri, 06 Mar 1998
Lawsuit against Freeport dismissed
Lawsuit against Freeport dismissed JAKARTA: PT Freeport Indonesia and Freeport-McMoRan Copper & Gold Inc. (FCX) have welcomed a recent decision by the U.S. District Court in New Orleans, Louisiana, to dismiss with finality a third amended lawsuit against the companies.The lawsuit was filed by U.S.
Fri, 06 Mar 1998
False alarm over alleged starvation in Atauro
False alarm over alleged starvation in AtauroBy Dino Patti Djalal This is the first of two articles on the alleged starvation in Atauro islet in East Timor province. DILI (JP): A few weeks ago, the startled regent of Dili, Domingos Soares, received news that foreign donations amounting to US$25,000...
Fri, 06 Mar 1998
Patrols safeguard Jakarta, Tangerang
Patrols safeguard Jakarta, Tangerang TANGERANG (JP): Jakarta Garrison chief of staff Maj. Gen. Adam Damiri said here yesterday the capital and Tangerang were safe and under control despite a series of recent bomb threats at supermarkets, banks, office buildings and hospitals.
Fri, 06 Mar 1998
IMF-Plus: Crisis management (2)
IMF-Plus: Crisis management (2)By C.J. de Koning This is the second of two articles on the Indonesian financial crisis. JAKARTA (JP): In the process of lending and borrowing international currencies to Indonesia a few elements should be highlighted:* Indonesia's foreign currency borrowings have now...
Fri, 06 Mar 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 5, 1998: Buying Selling Rp Rp U.S. dollar 1 9,250.00 11,250.00Austrian shilling 1 714.90 936.50Australian dollar 1 6,329.30 7,745.60Belgian franc 1 252.50 307.90Canadian dollar 1 6,644.
Fri, 06 Mar 1998
Govt to maintain ban on CPO exports: Tunky
Govt to maintain ban on CPO exports: Tunky JAKARTA (JP): The government stressed again yesterday that it would maintain its export ban on crude palm oil (CPO) and all its derivatives except stearin and palm kernel oil to secure the supply of cooking oil to the domestic market.
Fri, 06 Mar 1998
Govt to sue 'D&R' magazine for defaming Soeharto
Govt to sue 'D&R' magazine for defaming Soeharto JAKARTA (JP): Minister of Information R. Hartono said yesterday the government would sue Detektif dan Romantika (D&R) weekly over its controversial cover despite an apology from the magazine's executives."It's not that easy (to just apologize).
Fri, 06 Mar 1998
Asian currencies fall over possible IMF loan delay to RI
Asian currencies fall over possible IMF loan delay to RI SINGAPORE (Reuters): Asian currencies succumbed yesterday to anxieties about a delay in IMF funding to Indonesia and the health of Malaysian and Singapore banks.The U.S.
Fri, 06 Mar 1998
No shortage of advice in Malaysian crisis
No shortage of advice in Malaysian crisisBy Nelson Graves KUALA LUMPUR (Reuters): Grow vegetables. Donate your jewelry. Eat home-grown food.Malaysians are receiving a steady diet of advice on how to fend off the economic crisis and revive the nation.
Fri, 06 Mar 1998
Seize snakes found dead
Seize snakes found dead SURABAYA: More than 90 percent of the 1,825 snakes seized last month by Juanda Airport authorities, due to a lack of proper export documents, were found dead because of poor packaging.
Fri, 06 Mar 1998
Hotel rates
Hotel rates I am writing in response to Mr. Moch. Norman's letter of Feb. 20, Hotel profiteering. Thank you for bringing the subject to our attention. At this time, when currency rates can fluctuate as much as 20 percent in one day, it is often extremely difficult to give fixed and accurate rates...
Fri, 06 Mar 1998
Golkar and ABRI committed to reform
Golkar and ABRI committed to reform JAKARTA (JP): The powerful Golkar and Armed Forces factions in the People's Consultative Assembly committed themselves yesterday to political reform, but agreed to opt for a slow pace of change."Golkar is ready to (introduce) reform now that the people are ready..
Fri, 06 Mar 1998
Taiwan can stimulate SE Asia: Mahathir
Taiwan can stimulate SE Asia: Mahathir KUALA LUMPUR (AFP): Malaysia's Prime Minister Mahathir Mohamad said yesterday that Taiwan was in a "very good position" to help stimulate the battered economies of Southeast Asia.
Fri, 06 Mar 1998
PPP speech goes on and on and on
PPP speech goes on and on and on JAKARTA (JP): Despite being a minority faction, the United Development Party (PPP) Assembly members are certainly not shying away from making their voices heard.During a session responding to President Soeharto's accountability address, the representative reading...
Fri, 06 Mar 1998
Aussie envoy in Kalimantan
Aussie envoy in Kalimantan JAKARTA (JP): Australian Ambassador to Indonesia John McCarthy began a four-day visit to East Kalimantan yesterday to observe Australian mining projects in the area.The Australian Embassy said yesterday that during his stay, McCarthy intended to visit mining operations of...
Fri, 06 Mar 1998
State Policy Guidelines
State Policy Guidelines The 1998/2003 State Policy Guidelines which the People's Consultative Assembly (MPR) will enact at the end of its current General Session are essentially more important than the question of who will be the president and vice president.
Fri, 06 Mar 1998
Students, lecturers take to the streets across the nation
Students, lecturers take to the streets across the nation JAKARTA (JP): The number of students protesting skyrocketing prices and demanding political and economic reforms swelled yesterday as more university students and lecturers joined demonstrations across the country.
Fri, 06 Mar 1998
EU studying credit quarantee offers
EU studying credit quarantee offers SINGAPORE (AFP): Credit guarantees proposed by developed nations to spur trade in crisis-hit Indonesia need to be examined to avoid overlaps, British Prime Minister Tony Blair's special envoy said yesterday.
Fri, 06 Mar 1998
Rupiah staggers on market confusion over govt policies
Rupiah staggers on market confusion over govt policies JAKARTA (JP): The rupiah tumbled yesterday to break the psychologically sensitive 10,000 level on mounting confusion over the government's controversial currency board system plan and the fate of the International Monetary Fund's bailout...
Fri, 06 Mar 1998
Public donates 194 kg gold
Public donates 194 kg gold JAKARTA (JP): The Ministry of Finance has collected 194,993.81 grams of gold through fund-raising to help the country overcome the monetary crisis, a ministry spokesman said yesterday.Agus Haryanto, the spokesman, said that besides gold, Rp 5.9 billion and US$418,233.
Fri, 06 Mar 1998
Garuda, Telkom sign deal
Garuda, Telkom sign deal JAKARTA (JP): State-owned airline Garuda Indonesia will offer a special rate to PT Telkom's employees and their families.Garuda president Soepandi said here yesterday the airline had signed an agreement with Telkom offering the special rate as part of Garuda's efforts to...
Fri, 06 Mar 1998
Businessman killed in 'revenge attack'
Businessman killed in 'revenge attack' JAKARTA (JP): A businessman was slashed to death with a machete and his friend severely wounded in a possible revenge attack at the victims' home in Pamulang, South Jakarta, police said yesterday.
Fri, 06 Mar 1998
Asahan to reduce aluminum production
Asahan to reduce aluminum production TOKYO (Reuters): Indonesia's PT Indonesia Asahan Aluminum will cut output in 1998/99, starting on April 1, due to production problems caused by a water shortage there, Nippon Asahan Aluminum Co Ltd said yesterday.
Fri, 06 Mar 1998
M.L. Cass to build RI plant
M.L. Cass to build RI plant CALGARY, Canada (Reuters): Canada's M.L. Cass Petroleum Corp said on Wednesday it agreed to acquire 95 percent of an Indonesian company in a deal that would allow it to build and operate a US$130 million power plant at Pomalaa, South Sulawesi, Indonesia.M.L.
Fri, 06 Mar 1998
BFC rating upgraded
BFC rating upgraded JAKARTA (JP): Indonesia's only rating agency PT Pemeringkat Efek Indonesia (Pefindo) has upgraded its long-term rating of Bakrie Finance Corporation (BFC) and its bonds to idB from idD.
Fri, 06 Mar 1998
Clinton's emissary
Clinton's emissary Oh no! What has the U.S. government done to Indonesia's troubles during the economic crisis? Sending Mondale as Clinton's top emissary is a new old-fashioned interference of the White House in Third World countries.
Fri, 06 Mar 1998
IMF reforms taking too long, says Aburizal
IMF reforms taking too long, says Aburizal JAKARTA (JP): Indonesia cannot afford to wait any longer for the IMF reform program to stabilize the ailing rupiah, the chairman of Indonesia's Chamber of Commerce and Industry said yesterday.
Fri, 06 Mar 1998
EU urges Indonesia to implement IMF program
EU urges Indonesia to implement IMF program JAKARTA (JP): The European Union (EU) yesterday joined international calls urging President Soeharto to wholeheartedly follow through with commitments to reform the country's economy under the International Monetary Fund's US$43 billion rescue package.
Fri, 06 Mar 1998
Tambang Timah moves into non-tin mining activities
Tambang Timah moves into non-tin mining activities JAKARTA (JP): Tin-mining firm PT Tambang Timah announced yesterday it would expand its mining operations into additional mineral resources.Company president Erry Riyana Hardjapamekas said that the tin mining company had established three...
Fri, 06 Mar 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Sculpture Exhibition: Jakarta Sculpture Triennial by 32 Artists from Yogyakarta, Bandung and Jakarta, at 10 a.m. to 9 p.m., Galeri Cipta II, Jl. Cikini Raya No. 73, until March 10.
Thu, 05 Mar 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Cosindos Band, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m.
Thu, 05 Mar 1998
Stock markets head down as worries revive
Stock markets head down as worries revive SINGAPORE (AFP): Most Asia-Pacific stock markets fell yesterday as currencies lost ground amid renewed worries over the regional financial crisis.Fears that the International Monetary Fund (IMF) may withhold rescue funds to Indonesia coupled with concerns...
Thu, 05 Mar 1998
Pakpahan disappointed with Soeharto's MPR speech
Pakpahan disappointed with Soeharto's MPR speech JAKARTA (JP): Jailed labor leader Muchtar Pakpahan expressed his disappointment yesterday with President Soeharto's accountability speech which he said neglected labor problems over the past five years.
Thu, 05 Mar 1998
Stock prices down 3% on IMF concerns
Stock prices down 3% on IMF concerns JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) failed to sustain early gains yesterday as heavy selling hit the market before the close of trading.The JSX Composite Index dropped 3 percent to close at 502.91 from 518.68 the previous day, with 483.
Thu, 05 Mar 1998
Dollar rate for reforestation fees raised
Dollar rate for reforestation fees raised JAKARTA (JP): The government has increased the dollar rate for reforestation fees imposed on timber companies to Rp 5,000 from Rp 3,000 due to a continued drop in the country's currency.
Thu, 05 Mar 1998
Stocks an option during high inflation
Stocks an option during high inflationBy Reiner Simanjuntak JAKARTA (JP): The current uncertainty and looming hyperinflation in Indonesia's economy demands investors to be especially shrewd in assessing investment risk, fund managers have warned.
Thu, 05 Mar 1998
Soeharto's challenge
Soeharto's challenge Historians 50 years hence will undoubtedly view President Soeharto's ascension to power in 1965 as a turning point in the fortunes of Southeast Asia. When he first took office, seven in 10 Indonesians lived in absolute poverty.