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Found 1,552 articles

Analysts urge govt to tackle inflation

Analysts urge govt to tackle inflation JAKARTA (JP): Economists are urging the government to continue economic reforms and secure adequate stocks of basic staples to prevent hyperinflation in the country's economy.

Weightlifting association to punish wayward athletes

Weightlifting association to punish wayward athletes JAKARTA (JP): The Indonesian Weightlifting, Powerlifting and Bodybuilding Association's secretary-general, Djoko Pramono, told reporters yesterday that undisciplined athletes, even if they were world champions, must be punished.

Journalist fools journalist

Journalist fools journalist JAKARTA (JP): "Foreign journalists are here (in the city) like they are watching a rumbling volcano that may erupt any time soon," said a local reporter working as a stringer for an American news agency.

Refinery closure causes few oil ripples

Refinery closure causes few oil ripples SINGAPORE (Reuters): The closure of Indonesia's 125,000 barrels-per-day (bpd) Balongan refinery was unlikely to prompt a pick up in oil product imports in March, traders said yesterday.

Indonesia currency board must be ambitious: Hanke

Indonesia currency board must be ambitious: Hanke WASHINGTON (Agencies): A key economic adviser to President Soeharto said the currency board he envisions for Indonesia should be considerably more ambitious than those in other countries, the Washington Post reported Tuesday.

Foreign investors eye RI property market

Foreign investors eye RI property market JAKARTA (JP): Billions of dollars worth of property in the country could be bought up by foreign investors by the end of the year, a real estate analyst said yesterday.

Boys' disappearance remains a mystery

Boys' disappearance remains a mystery TANGERANG (JP): Two eight-year-old boys have been missing for nearly two months despite extensive efforts by their parents and relatives to find them.Schoolmates Bayu Indra and Isni were last seen on Jan.

Traders puzzled by lack of coconut oil tax

Traders puzzled by lack of coconut oil tax LONDON (Reuters): European vegetable oil traders were puzzled Monday by the lack of any export tax on coconut oil from Indonesia."It makes no sense at all, the Indonesians have not limited or banned the export of coconut oil, nor are they going to tax...

Govt may airlift cash-strapped students in Egypt

Govt may airlift cash-strapped students in Egypt JAKARTA (JP): The government is weighing the possibility of airlifting home many of the nearly 2,500 cash-strapped Indonesian students studying in Egypt.

Malaysian sawn timber levy

Malaysian sawn timber levy KUALA LUMPUR (Reuters): Malaysia will review its export levy on sawn timber to adjust in accordance with changes to be made by Indonesia, Primary Industries Minister Lim Keng Yaik said yesterday.

Live music for lunching members

Live music for lunching members JAKARTA (JP): A keyboard player, a singer and a couple of unembarrassed, musically eager diners turned the normally sterile and nondescript cafeteria at the People's Consultative Assembly complex into a lively lunch joint.

Indonesia: Quest for a civil society

Indonesia: Quest for a civil societyBy Budiono Kusumohamidjojo JAKARTA (JP): The 1997 general election has long since past and soon Indonesia will have its new president, vice president and cabinet. However, these political events have been marred by a number of domestic riots which were met with a...

Reimbursements for closed banks to start

Reimbursements for closed banks to start JAKARTA (JP): All customers of the 16 liquidated banks which have yet to recover all of their deposits and savings will be reimbursed in full from March 6, Bank Indonesia announced yesterday.

Three students jailed for murder

Three students jailed for murder BOGOR (JP): Three technical high school students were sent to jail after Bogor District Court found them guilty of mobbing and killing a student from a different school.

Deregulation of higher education welcomed

Deregulation of higher education welcomed JAKARTA (JP): An education observer and a university rector welcomed yesterday the government's bid to improve the quality of the country's higher education system by allowing foreign universities to operate in Indonesia.

Weak Asian rubber market likely this week

Weak Asian rubber market likely this week SINGAPORE (Reuters): Stabilizing Asian currencies and uncertainties in Indonesia will continue to keep Asia's rubber market weak this week, regional traders said yesterday.

Asian palm oil price seen firm on RI ban

Asian palm oil price seen firm on RI ban KUALA LUMPUR (Reuters): Asian palm oil markets are expected to be kept firm by trade and speculative buying this week after Indonesia announced its ban on palm oil exports would continue, traders said.

Market gives positive response to IMF-Plus formula

Market gives positive response to IMF-Plus formula JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX) rose 2.9 percent yesterday on positive market reaction to the government's new formula to improve the country's ailing economy, stockbrokers said.

Indonesia still a cause for concern

Indonesia still a cause for concern Indonesian President Soeharto has been inundated lately with blunt advice offered vigorously by world leaders and their emissaries. But their increasingly strident demands have been falling on deaf ears.

Crisis strikes at heart of Malaysia's race system

Crisis strikes at heart of Malaysia's race systemBy Nelson Graves KUALA LUMPUR (Reuters): By forcing the government to suspend a 28-year-old affirmative action program favoring indigenous Malays over ethnic Chinese, Asia's financial upheaval has struck at the core of Malaysia's economic doctrine.

Filipino traders stage protest

Filipino traders stage protest KORONADAL, Philippines (Reuters): Hundreds of traders closed shop and brought this city to a standstill yesterday in the first mass protest by Philippine businesspeople over Asia's financial turmoil.

Students demand lower food prices, political reforms

Students demand lower food prices, political reforms JAKARTA (JP): Thousands of students from five major universities in Sulawesi and Java staged on-campus rallies yesterday, demanding the government lower prices and introduce political reforms.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 2, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 750 75 193,000 AHAP Insurance 400 0 0 Alter Abadi 525 -50 25,000 Alumindo Light Metal 325 25 1,552,000...

Mahathir renews attack on speculators

Mahathir renews attack on speculators KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad yesterday unleashed a new attack on currency and stock market speculators, saying they had reduced Asia's tiger economies to "whimpering kittens".

RI's proposed OPEC meeting receives guarded response

RI's proposed OPEC meeting receives guarded response JAKARTA (JP): Libya is the only member of the Organization of Petroleum Exporting Countries (OPEC) to officially support an Indonesian proposal for an emergency meeting to address a slump in world oil prices.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 2, 1998: Buying Selling Rp Rp U.S. dollar 1 8,250.00 10,750.00Austrian shilling 1 557.00 848.70Australian dollar 1 4,983.30 7,100.10Belgian franc 1 197.00 279.30Canadian dollar 1 5,136.

Asian currencies gain from dollar's decline against yen

Asian currencies gain from dollar's decline against yen SINGAPORE (Reuters): Asian currencies made slow gains yesterday, helped by the U.S. dollar's fall against the yen, but Indonesia's troubles remained a blot on the horizon.

Group tries to get kids out of flesh trade

Group tries to get kids out of flesh tradeBy Putu Wirata DENPASAR, Bali (JP): When the beaches along the Kuta tourist strip have cleared and pulsating music beckons from crowded nightspots, Jessy goes to work.She dances in a local discotheque and keeps her eye out for a john, preferably foreign.

16 killed in ship accident

16 killed in ship accident PEKANBARU, Riau: At least 16 Indonesians have drowned after their ship, en route to Malaysia, sank in the Rokan River near Sungai Manasib village in Rimbo Malintang district, Bengkalis regency.The head of Bangko Harbor, M.

Paribas' risk to Asia small

Paribas' risk to Asia small SINGAPORE (AFP): French banking giant Banque Paribas SA yesterday said its exposure to Indonesia and other crisis-struck Asian countries was "one of the lowest" among European banks.Paribas said it had a total outstanding credit of 2.712 billion U.S.

'Mr. Yen' visits Malaysia

'Mr. Yen' visits Malaysia KUALA LUMPUR (AFP): Japanese Vice Minister for Finance Eisuke Sakakibara visits Malaysia to discuss ways to help stabilize faltering Asian economies, Malaysian officials said.Sakakibara, better known as "Mr.

Foreign universities

Foreign universities Allowing foreign universities to operate in Indonesia is good because this will give students more choices. I believe one way to improve the quality of Indonesian schools is to promote a more competitive environment.

Mondale in town to discuss monetary crisis

Mondale in town to discuss monetary crisis JAKARTA (JP): Former U.S. vice president Walter Mondale arrived yesterday as a special envoy from President Bill Clinton to discuss Indonesia's economic crisis with President Soeharto.

Firm donates Rp 1b in drugs

Firm donates Rp 1b in drugs JAKARTA (JP): Astra division of publicly listed PT Merck Indonesia pharmaceutical company has presented medicine aid packages worth Rp 1 billion to the government to help solve drug shortages accompanying the monetary crisis.

Bureaucracy must be tamed

Bureaucracy must be tamedBy A. Chaedar Alwasilah BANDUNG (JP): Indonesian bureaucrats have recently been criticized for their failure to maintain national development and to distribute the fruits of economic growth among the people.

Profit-taking trims Asian stock gains

Profit-taking trims Asian stock gains TOKYO (AFP): Asia-Pacific stock markets ended mixed yesterday, with domestic factors dictating the course of trading and profit- taking by investors paring down gains.

Asia's crisis challenges forest product firms: S&P

Asia's crisis challenges forest product firms: S&P HONG KONG (Reuters): Asia's crisis presents challenges for regional forest product companies, Standard and Poor's Corp said yesterday."Prices in the region are declining in line with falling demand, curtailing the ability of companies to pass on,...

Djafar admits fault, accepts PSSI ban

Djafar admits fault, accepts PSSI ban JAKARTA (JP): The All-Indonesian Soccer Federation (PSSI) referee committee's deputy chairman, Djafar Umar, has admitted fault in being involved in collusion between referees and soccer club officials."I admit fault and will accept the ban from PSSI.

Message from the Publisher

Message from the Publisher More than 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 -- to cut financial losses caused by shrinking advertising revenue and rising newsprint prices.

White-winged duck flits with extinction

White-winged duck flits with extinctionBy Tulus Sibuea BOGOR (JP): When fires ravaging the country's forests are finally over, the grim work will be to count what is left of fauna and flora. For those which survive, the future is perilously uncertain -- their habitat has been destroyed and they...

RI forex reserves drop to $16.33 billion

RI forex reserves drop to $16.33 billion JAKARTA (JP): Indonesia's foreign exchange reserves dropped to US$16.33 billion at end of February from $17.07 billion on Feb. 16, and from $28.85 billion in July 1997 before the crisis, according to Bank Indonesia.

City officials urged to give blood as donations dry up

City officials urged to give blood as donations dry up JAKARTA (JP): Civil servants working at City Hall have been encouraged to become blood donors to help solve the city's blood stock shortage, an official said yesterday.

Darwin plant for Timor Gap 'economical'

Darwin plant for Timor Gap 'economical' PERTH (Reuters): Phillips Petroleum Co Ltd said yesterday it would not cost any more to build a new liquefied natural gas (LNG) plant onshore at Darwin, Australia, than a floating one in the Timor Gap.

Three men nabbed for robberies

Three men nabbed for robberies JAKARTA (JP): Three men have been arrested in Central Jakarta for allegedly robbing motorists after deflating the latters' car tires, City Police spokesman Lt. Col. E. Aritonang said yesterday.

Must the price rise so much?

Must the price rise so much? As a reader of this newspaper, I would like to express my opinion about the increase in the subscription rate of The Jakarta Post as of March 1, 1998. I have been reading this paper for more than three years and I enjoy it.

Thumbs up for Texmaco

Thumbs up for TexmacoFrom MerdekaPresident Soeharto's dream in his efforts to develop the country over 27 years has been realized through the Texmaco plant in the Subang area of West Java. Pak Harto made it a point to officiate at the ceremony at Texmaco.

Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax.

To interrupt or stay silent, that is the crucial question

To interrupt or stay silent, that is the crucial questionBy Imanuddin JAKARTA (JP): The 1988 and 1993 general sessions were both marked with interruptions -- a detestable action according to the political elite.

The challenges ahead

The challenges ahead Escaping almost unnoticed beyond the glare of publicity focused on the General Session of the People's Consultative Assembly (MPR), a small but significant step bringing Indonesia closer to the new millennium was taken.

Monthly inflation hits 12.76 percent

Monthly inflation hits 12.76 percent JAKARTA (JP): Rising commodity prices have pushed the monthly inflation rate to 12.76 percent in February, compared to 6.88 percent in January, the Central Bureau of Statistics (BPS) disclosed yesterday.