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Thu, 05 Mar 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 4, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 825 25 66,000 AHAP Insurance 400 0 0 Alter Abadi 550 25 5,000 Alumindo Light Metal 325 -75 794,000...
Thu, 05 Mar 1998
Minister says 'D&R' cover degrading
Minister says 'D&R' cover degrading JAKARTA (JP): Information Minister R. Hartono blasted Detektif dan Romantika (D&R) weekly magazine yesterday for portraying President Soeharto on the magazine's cover this week as the king of spades.
Thu, 05 Mar 1998
On self-control
On self-control In the context of the current monetary crisis that has led to a national economic crisis, many informal leaders have asked the people to exercise self-control and patience. They have also appealed to the people not to be incited into rioting.
Thu, 05 Mar 1998
New South Korean PM is former spy chief
New South Korean PM is former spy chief SEOUL (Reuters): South Korea's new "acting" prime minister Kim Jong-pil, 72, has been at the center of Korean politics and a controversial figure for nearly four decades.
Thu, 05 Mar 1998
Album
AlbumPhoto A: SpellingJP/bayYOU SPELT IT WRONG: Otto Daryono of the Golkar faction corrects the spelling on his name plaque which was missing a "Y".Photo C: JokeAntaraIT'S FOR YOU: Director General for Taxes Fuad Bawazier jokes with a female reporter asking her to listen to a call he is making.
Thu, 05 Mar 1998
'Tajuk' biweekly magazine relaunched
'Tajuk' biweekly magazine relaunched JAKARTA (JP): While most nationwide media companies are lamenting the impact of the prolonged economic crisis on their existence, PT Gema Juang relaunched yesterday Tajuk as a biweekly magazine.
Thu, 05 Mar 1998
Controversy continues over issue of ministers' wealth
Controversy continues over issue of ministers' wealth JAKARTA (JP): Assembly members dodged queries yesterday about whether members of the next cabinet should have their personal wealth audited before and after their term of office, with some saying the issue was entirely a matter for the president.
Thu, 05 Mar 1998
The art of staying awake
The art of staying awake JAKARTA (JP): After hours of meetings one really cannot blame Assembly members who doze off for a minute or two.Maybe her military training had something to do with it, but Lt. Col. Christina Rante Tana has her own special way to fight General Session-induced drowsiness.
Thu, 05 Mar 1998
WB signs loan for Bengkulu
WB signs loan for Bengkulu WASHINGTON (Reuters): The World Bank yesterday approved a $25.7 million loan to ease poverty in Indonesia's Bengkulu province, but a bank official said the loan was not linked to a $40 billion international rescue deal.
Thu, 05 Mar 1998
Police find 13kg of ganja in a car
Police find 13kg of ganja in a car MEDAN, North Sumatra: Police detectives have arrested a 48- year-old woman who was caught red handed with 13 kilograms of marijuana in her car on Jl. Binjai here.North Sumatra Police chief Brig. Gen.
Thu, 05 Mar 1998
PPP breaks ranks on Soeharto speech
PPP breaks ranks on Soeharto speech JAKARTA (JP): The United Development Party (PPP) withheld its endorsement of President Soeharto's leadership accountability statement yesterday, saying it would announce its stand after the final debate scheduled for Monday.
Thu, 05 Mar 1998
U.S. worried about RI, may block next handout
U.S. worried about RI, may block next handout WASHINGTON (Agencies): A senior U.S. official said on Tuesday Washington would oppose additional rescue funds for troubled Indonesia unless reforms were clearly back on track.Deputy Treasury Secretary Lawrence Summers, briefing lawmakers on a U.S.
Thu, 05 Mar 1998
Remote Bengkulu province lacks healing hands
Remote Bengkulu province lacks healing handsBy Maswandi BENGKULU (Antara): Bengkulu on Sumatra's windswept western coast is trying to cope with shortages of medical facilities and qualified personnel.The province has five hospitals, only one of them classified as a type B facility with full...
Thu, 05 Mar 1998
Two killed by man with sickle
Two killed by man with sickle JAKARTA (JP): A top police official has defended Tuesday's shooting of an allegedly insane man by security personnel.Two people were killed during the incident in Pulogadung, East Jakarta, and three others were wounded.According to city police chief Maj. Gen.
Thu, 05 Mar 1998
Sports needs special board, observer says
Sports needs special board, observer says JAKARTA (JP): A sports observer has urged the next government to set up an organization to handle the country's sports should the office of the sports ministry be combined with the education ministry.
Thu, 05 Mar 1998
Protest over milk prices turns sour as 3 face court
Protest over milk prices turns sour as 3 face court JAKARTA (JP): Hundreds of people packed the public gallery at Central Jakarta District Court yesterday to watch the trial of three women who staged a peaceful protest last week over the rising price of milk.
Thu, 05 Mar 1998
Habibie-Soeharto proximity 'will change' RI politics
Habibie-Soeharto proximity 'will change' RI politics JAKARTA (JP): Should B.J. Habibie be elected vice president, his close ties to President Soeharto will change the country's political constellation, two observers believe.Constitutional law expert Mahfud M.D.
Thu, 05 Mar 1998
Mining companies poised to reap profits
Mining companies poised to reap profits JAKARTA (JP): Mining company shares remain attractive for investment despite gloomy prospects in other business sectors, say analysts.Bahana Securities said in its latest research report released early this week that mining firms such as tin producer PT...
Thu, 05 Mar 1998
Does Indonesia need new bankruptcy laws?
Does Indonesia need new bankruptcy laws?By Hafzan Taher and Ludo Mees JAKARTA (JP); A number of recent newspaper reports have suggested that the Indonesian government is preparing a new bankruptcy law to deal with the many business ventures rendered insolvent by the monetary crisis.
Thu, 05 Mar 1998
Artha Daya not to dominate coal sales
Artha Daya not to dominate coal sales JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana has said that PT Artha Daya Coalindo would not monopolize sales of coal which the government receives from private coal mining contractors.
Thu, 05 Mar 1998
Indonesian buys 24.9% stake in L&M
Indonesian buys 24.9% stake in L&M SINGAPORE (Reuters): Indonesian businessman Edwin Soeryadjaya has taken a 24.9 percent controlling stake in specialist engineering group L&M Group Investments Ltd, a statement from L&M said yesterday.Soeryadjaya bought 38.24 million L&M shares at S$0.
Thu, 05 Mar 1998
Tonton might cycle at Asiad: Sports council
Tonton might cycle at Asiad: Sports council JAKARTA (JP): The National Sports Council's 13th Asian Games task force is considering including Tonton Susanto in the quadrennial event in December in Bangkok.
Thu, 05 Mar 1998
Crisis may affect regional security
Crisis may affect regional security SYDNEY (Reuters): Asia's economic crisis could slow the region's arms build up and undermine regional security, Australian Foreign Minister Alexander Downer said yesterday.
Thu, 05 Mar 1998
Govt plans to raise school exam fees
Govt plans to raise school exam fees JAKARTA (JP): The city office of the Ministry of Education and Culture plans to hike the fees for final exams and national final exams for all schools."We have proposed the hike to the governor.
Thu, 05 Mar 1998
Amalia learns the ropes
Amalia learns the ropes JAKARTA (JP): Being an Assembly member needs some courage, as Amalia Sianti Wiranto, at 21 the youngest People's Consultative Assembly member, has quickly found out.Among the "adversities" facing her is learning to cope with a barrage of questions from reporters.
Thu, 05 Mar 1998
Textile export earnings seen to drop about 35%
Textile export earnings seen to drop about 35% JAKARTA (JP): A shortage of raw materials may cause the country's textile export earnings to fall about 35 percent to US$4 billion this year from $6.2 billion in 1997, the Indonesian Textile Association has predicted.
Thu, 05 Mar 1998
'Armful' box a big attraction
'Armful' box a big attraction JAKARTA (JP): A safe that security officers provided for General Assembly participants to leave their firearms in proved a huge attraction yesterday.The safe, set on a small table at the entrance to the main assembly hall, might not have invoked curiosity had it not...
Thu, 05 Mar 1998
Student protests continue over prices and reforms
Student protests continue over prices and reforms JAKARTA (JP): Thousands of students again called on the government to lower the prices of daily essentials and accelerate political and economic reforms as a series of rallies in Java and Sulawesi continued yesterday.
Thu, 05 Mar 1998
Tarmizi leads prayer to wish haj pilgrims a safe journey
Tarmizi leads prayer to wish haj pilgrims a safe journey JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher led a modest prayer here yesterday to wish Indonesia's haj pilgrims, who will start departing for Saudi Arabia tomorrow, a safe journey.
Thu, 05 Mar 1998
Asian business executives against RI's CBS plan: Poll
Asian business executives against RI's CBS plan: Poll HONG KONG (Agencies): Asian business executives have given the thumbs down to a currency board system as a means of salvaging the embattled Indonesian rupiah, according to poll findings released yesterday.
Thu, 05 Mar 1998
RI, U.S. armies hold joint exercise
RI, U.S. armies hold joint exercise JAKARTA: Fifty Indonesian Army engineers have been involved in a month-long joint exercise with nine special U.S. army personnel in Bogor, West Java, Antara reported yesterday.The exercise, which began on Feb.
Thu, 05 Mar 1998
Education too commercialized: PDI
Education too commercialized: PDI JAKARTA (JP): Escalating school fees are threatening the country's efforts to promote education for all, the Indonesian Democratic Party (PDI) warned yesterday.Spokesman for the minority party Bambang Mintoko said the growing tendency among urban schools to...
Thu, 05 Mar 1998
ASEAN currency plan not instant cure: Analysts
ASEAN currency plan not instant cure: Analysts TOKYO (Reuters): A proposal to promote the use of local currencies for trade between ASEAN members may not be an instant panacea for the region's financial problems and could also face resistance from key members, economists say.
Thu, 05 Mar 1998
Effective and efficient
Effective and efficient I am extremely concerned about the monetary upheavals and the economic crisis. Trillions rupiah from oil and gas, general mining, energy, forestry, estate crops, agriculture, taxes and foreign loans seem to have entered into chaos.
Thu, 05 Mar 1998
RI should suspend debt payments: Sachs
RI should suspend debt payments: Sachs NEW YORK (Reuters): Indonesia should temporarily suspend corporate debt payments and rebuild a core of banks to allow some breathing room to rebuild its battered economy, Harvard University economist Jeffrey Sachs said Monday.
Thu, 05 Mar 1998
Feedmeal producers cut prices
Feedmeal producers cut prices JAKARTA (JP): The Association of Indonesian Feedmeal Producers said Tuesday that it had decided to reduce the price of feedmeal from the current Rp 1,850 (21 U.S. cents) per kilogram to Rp 1,600 per kilogram to help small-scale poultry farmers.
Thu, 05 Mar 1998
Asian currencies drop on Indonesian fears
Asian currencies drop on Indonesian fears SINGAPORE (Reuters): Asian currencies weakened yesterday amid fears the International Monetary Fund's next disbursement of aid to crisis-riddled Indonesia might be delayed.
Thu, 05 Mar 1998
Impact of new rate
Impact of new rate Your Message from the Publisher on the front page a few days ago was indeed a sad announcement for me. I have no choice but to finally stop subscribing to The Jakarta Post when the new rate is applied.
Thu, 05 Mar 1998
Star's RI venture canceled
Star's RI venture canceled AMSTERDAM (Reuters): KNP Leykam said yesterday its "China Star" joint venture with Indonesia's April group had been canceled following KNP BT's sale of the former unit KNP Leykam to Sappi Limited.
Thu, 05 Mar 1998
Golkar officials against cabinet quotas
Golkar officials against cabinet quotas JAKARTA (JP): Two Golkar officials rejected yesterday a proposal that certain groups could ask for seats in the next cabinet.Golkar legislators in the People's Consultative Assembly (MPR), Siti Hardiyanti Rukmana and Mien Sugandhi, said it would be unethical...
Thu, 05 Mar 1998
Lamenting our education
Lamenting our education When Hong Kong-based Asia Magazine printed a list of the best Asian universities last year Indonesians were not offended to find their institutes of higher learning ranked below those of our neighboring countries.
Thu, 05 Mar 1998
Fischer mulls Goh's RI plan
Fischer mulls Goh's RI plan CANBERRA (Reuters): Australia was still considering supporting a Singaporean proposal for a multilateral system of guarantees to prop up Indonesian exports, Trade Minister Tim Fischer said on Wednesday."We are...
Thu, 05 Mar 1998
Where to go in Bali:
Where to go in Bali:Exhibitions * Painting Exhibition: Image Dance by Made Budhiana at Ganesha Gallery, Four Seasons Resort, Jimbaran Bay, Nusa Dua, 12 p.m. to 8 p.m., until March 27. * Painting Exhibition: Ida Bagus Made, at Darga Gallery, Komplek Sanur Raya, No.
Thu, 05 Mar 1998
Habibie is news to some in his hometown area
Habibie is news to some in his hometown area JAKARTA (JP): B.J. Habibie's name may be on everybody's lips these days as the hot candidate for vice president, but in parts of his home province of South Sulawesi, many do not even know he has been nominated for the position.
Thu, 05 Mar 1998
The governor's new blazer
The governor's new blazer JAKARTA (JP): Attending the General Session is apparently not all work as some Assembly members were able yesterday to take time off to do some personal shopping.East Timor Governor Abilio Soares, who is a member of the regional representatives faction, sneaked off during...
Thu, 05 Mar 1998
Daido Steel
Daido Steel We read in The Jakarta Post, March 2, 1998, an news article (page nine) entitled Japan's Daido goes bankrupt.We have checked with our principal, Daido Steel Co. Ltd.- Japan, and were informed that in Indonesia our principal has not been involved in a joint venture with a company named...
Thu, 05 Mar 1998
Golkar, ABRI push for extra presidential power
Golkar, ABRI push for extra presidential power JAKARTA (JP): The dominant Golkar and its main ally, the Armed Forces, are to ask the People's Consultative Assembly to pass a decree that will give extra powers to the next president.
Thu, 05 Mar 1998
Govt confirms end of Bulog monopolies
Govt confirms end of Bulog monopolies JAKARTA (JP): The government has asserted that it has abolished the monopolies of the State Logistics Agency (Bulog), except in rice, but that it would continue to subsidize prices of imported staples to ease the suffering of poor people.
Thu, 05 Mar 1998
IMF-Plus: Crisis management
IMF-Plus: Crisis managementBy C.J. de Koning This is the first of two articles on the Indonesian financial crisis. JAKARTA (JP): In one of Asia's main languages the word crisis has two core elements: It constitutes a "threat", but also an "opportunity".
Thu, 05 Mar 1998
Golkar tightens security measures at office entrance
Golkar tightens security measures at office entrance JAKARTA (JP): Dominant faction Golkar beefed up its security yesterday by placing metal detectors at the entrance of its office on the seventh floor of the People's Consultative Assembly building.