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Thu, 16 Apr 1998
Eliminate corrupt mentality
Eliminate corrupt mentalityFrom MerdekaA clean government that commands respect must be created without delay because the Indonesian people, who have a deep moral and ethical sense, have long dreamed of having one.
Thu, 16 Apr 1998
Bekasi ponders new bus terminal
Bekasi ponders new bus terminal BEKASI (JP): The local administration is considering building another bus terminal because the existing one can no longer accommodate the increasing number of buses."We are studying all relevant aspects," Mayor Nonon Sonthanie said here Tuesday.
Thu, 16 Apr 1998
A solution to the monetary crisis
A solution to the monetary crisisFrom Suara KaryaThe monetary crisis is showing no signs of going away. Life is becoming more and more difficult for the majority of us, although the well-off and business tycoons can still afford to eat meat and play golf or tennis every day.
Thu, 16 Apr 1998
KL quiets tensions with interfaith body
KL quiets tensions with interfaith body JAKARTA (JP): A Malaysian scholar believes his ethnically and religiously diverse country has escaped major religious conflicts in the last hundred years because rumblings of discord are handled in their early stages.Tan Sri Dato Seri Dr.
Thu, 16 Apr 1998
Pakistani national tried for selling heroin
Pakistani national tried for selling heroin JAKARTA (JP): A 46-year-old Pakistani man was indicted at West Jakarta District Court yesterday for selling 70 grams of heroin at the immigration office's quarantine center.
Thu, 16 Apr 1998
Megawati plans own congress in December
Megawati plans own congress in December JAKARTA (JP): The ousted leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, said yesterday she would not attend the party congress planned by rival faction leader Soerjadi in June, and would hold her own in December.
Thu, 16 Apr 1998
RI's foreign debts $133.7b in January
RI's foreign debts $133.7b in January JAKARTA (JP): The nation's foreign obligations dropped to US$133.7 billion as of the end of January, down from $136.1 billion in December last year, Bank Indonesia (BI) reported yesterday.BI said the January debt position was based on the latest data.
Thu, 16 Apr 1998
Suspension of banks
Suspension of banks Minister of Finance Fuad Bawazier announced on April 4, the suspension of seven banks and another seven banks placed under the supervision of the Indonesian Banking Restructuring Agency (IBRA).
Thu, 16 Apr 1998
The voice of the future
The voice of the future Antigovernment student demonstrations are spreading to more campuses in more cities. The young people appear to have won more ears and hearts among the public, who are finding their demands for political and economic reforms legitimate.
Thu, 16 Apr 1998
JSX gets new commissioner
JSX gets new commissioner JAKARTA (JP): The general shareholder meeting of the Jakarta Stock Exchange (JSX) appointed yesterday Erry Riyana Hardjapamekas, president of publicly listed PT Tambang Timah, their new chief commissioner to replace Fuad Bawazier, currently minister of finance.
Thu, 16 Apr 1998
UN official says E. Kalimantan fires are 'big disaster'
UN official says E. Kalimantan fires are 'big disaster' JAKARTA (JP): At least 10,000 firefighters and significant international support would be needed to extinguish East Kalimantan's raging forest fires, according to United Nations officials who have described the situation as "a very, very big...
Thu, 16 Apr 1998
RI backs Australia for ASEM membership
RI backs Australia for ASEM membership JAKARTA (JP): Minister of Foreign Affairs Ali Alatas reaffirmed yesterday Indonesia's support for Australia's admission to the Asia-Europe Meeting (ASEM)."I think it is important for me to state once again that such a perception (that Indonesia does not...
Wed, 15 Apr 1998
Dharmala Intiutama downgraded
Dharmala Intiutama downgraded TOKYO (Dow Jones): Japan Rating and Investment Information Inc. (R&I) said yesterday that it has cut its long-term debt rating for Dharmala Intiutama International B.V., a Dutch unit of an Indonesian P.T. Dharmala Intiutama (DIU), to single-C from triple-C.
Wed, 15 Apr 1998
Most high-rise building owners 'in fiscal trouble'
Most high-rise building owners 'in fiscal trouble' JAKARTA (JP): The majority of building owners in Jakarta's central business district cannot keep up with their bank loan repayments, property analyst Panangian Simanungkalit said yesterday.
Wed, 15 Apr 1998
Fire hits slum area
Fire hits slum area JAKARTA (JP): Fire destroyed 72 houses and 11 kiosks in a slum area of Kelapa Gading Barat, North Jakarta, yesterday, firefighters and residents said.A short circuit in a vacant house was strongly suspected as the cause of the fire on Jl. Perintis Kemerdekaan.
Wed, 15 Apr 1998
RI private debt woes get NY forum
RI private debt woes get NY forum NEW YORK (Agencies): Talks to free Indonesia's companies from a crushing burden of foreign debt will shift to New York on Wednesday, reuniting many of the global bankers who helped South Korea avert financial crisis in January.
Wed, 15 Apr 1998
Five dead in Semarang pileup
Five dead in Semarang pileup SEMARANG, Central Java: Five people were killed and another three remain in critical condition after a multiple crash involving eight vehicles yesterday morning.The pileup involving several cars, a truck, a bus, a taxi, a small minivan and a motorcycle happened at about...
Wed, 15 Apr 1998
People's movement unlikely to emerge, observers say
People's movement unlikely to emerge, observers say JAKARTA (JP): Two prominent political observers have expressed doubts that the successive wave of student protests across the country could develop into a mass people's movement.
Wed, 15 Apr 1998
Plundering bus passengers
Plundering bus passengersFrom Media IndonesiaAs is my habit, I took the Mayasari Bhakti 03 air-conditioned bus from Kalideres to Pulogadung. On March 30, arriving at the Wayang Bharata bus stop in the Senen area at 6.30 p.m.
Wed, 15 Apr 1998
Penal island booming
Penal island booming CILACAP, Central Java: The island of Nusa Kambangan which is renowned as a penitentiary for hardened criminals, has become increasingly attractive for non-criminals.The fertile land and shrimp farming has led to an economic boom and has seen the population almost double in the...
Wed, 15 Apr 1998
Palm oil firmer in Europe
Palm oil firmer in Europe LONDON (Reuters): Palm oil in Europe firmed US$10 to $40 yesterday, due to bullish Malaysian data from Ivan Wong, coupled with ongoing uncertainties over the Indonesian export situation, traders said.
Wed, 15 Apr 1998
Malaysia jails 42 foreigners
Malaysia jails 42 foreigners PENANG, Malaysia (DPA): A court on the Malaysian resort island of Penang sentenced 42 Philippine and Indonesian women to eight months jail each for entering the country without valid permits and possessing forged Malaysia documents, the Star newspaper reported yesterday.
Wed, 15 Apr 1998
Economists urge govt to seek debt waiver
Economists urge govt to seek debt waiver JAKARTA (JP): Economists have called on the government to reschedule repayment of its foreign debts or declare a debt moratorium to help speed up the country's economic recovery.
Wed, 15 Apr 1998
Fair, open governance wanted
Fair, open governance wanted Sincerity from the government (in implementing IMF-mandated reforms) is important in restoring public trust. This is due to the fact that we are facing not only a monetary crisis or economic distress but social and political troubles as well.
Wed, 15 Apr 1998
Asian crisis still dangerous, IMF warns
Asian crisis still dangerous, IMF warnsBy Alex Brummer WASHINGTON: The crisis in Asia is far from over and may pose a further threat to global growth according to the IMF's World Economic Outlook report published Monday.
Wed, 15 Apr 1998
Asian confidence may return in 1998
Asian confidence may return in 1998 WASHINGTON (Reuters): Confidence in Asia's battered economies should recover slowly this year, paving the way for modest growth in 1999 and solid recovery the following year, the International Monetary Fund said on Monday.
Wed, 15 Apr 1998
KTP faces loss after RI investments
KTP faces loss after RI investments HONG KONG (Reuters): KTP Holdings Ltd said it may report a net loss for the year ended March 31, 1998, due to substantial provisions made on investments in Indonesia.
Wed, 15 Apr 1998
Rupiah unable to retain gains, dollar strengthens
Rupiah unable to retain gains, dollar strengthens JAKARTA (JP): The rupiah failed to sustain its previous gains yesterday as the U.S. dollar strengthened against most Asian currencies and market concerns lingered over the country's prolonged debt hangover, currency dealers said.
Wed, 15 Apr 1998
Smog sets off Southeast Asian alarm bells
Smog sets off Southeast Asian alarm bells KUALA LUMPUR (Reuters): Smog from raging fires spurred Malaysia yesterday to launch a nationwide drive to spot blazes and prompted Brunei to close schools.The moves came amid mounting fears that forest and bush fires stoked by dry weather would throw a...
Wed, 15 Apr 1998
PSSI announces changes to the playoff system
PSSI announces changes to the playoff system JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) announced yesterday changes to the post-league playoff format to give the national team more time to prepare for the 2nd Tiger Cup.
Wed, 15 Apr 1998
Cibinong defers debt payment
Cibinong defers debt payment JAKARTA (JP): Publicly listed cement producer PT Semen Cibinong said yesterday it had informed its creditors that it would defer payments on its debt obligations.The company said in a statement that the prolonged economic crisis had adversely affected its business, with...
Wed, 15 Apr 1998
Retailer's panic
Retailer's panic Some time ago while doing some shopping, if not window shopping, in the Adidas store at Plaza Senayan my wife found a baseball cap that she needed for her outdoor activities. The cap she selected was priced Rp 40,900.
Wed, 15 Apr 1998
BI credits will not exert inflationary pressures: Minister
BI credits will not exert inflationary pressures: Minister JAKARTA (JP): Minister of Finance Fuad Bawazier said yesterday Bank Indonesia had injected Rp 80 trillion (US$1.07 billion) in liquidity credits into ailing banks but assured that the move would not cause strong inflationary pressures.
Wed, 15 Apr 1998
Siswono says crucial to end corruption in six months
Siswono says crucial to end corruption in six months JAKARTA (JP): President Soeharto has six months to eliminate corruption from the administration or the nation could plunge into chaos, a former cabinet minister said yesterday.
Wed, 15 Apr 1998
France, Malaysia reject U.S. step
France, Malaysia reject U.S. step KUALA LUMPUR (Reuters): France agrees with Malaysia that the United States has no right to impose sanctions on foreign companies that invest in Iran's oil and gas industry, a visiting French minister was quoted as saying yesterday.
Wed, 15 Apr 1998
Dorodjatun campaigns for awareness for RI
Dorodjatun campaigns for awareness for RIBy Yenni Djahidin WASHINGTON D.C. (JP): When Dorodjatun Kuntjoro-Jakti attended a seminar about Indonesia at Georgetown University here last July, the senior economist from the University of Indonesia used the occasion to introduce fellow scholar Juwono...
Wed, 15 Apr 1998
Maryanksi gives Meridien new public image
Maryanksi gives Meridien new public image JAKARTA (JP): Enter the Le Meridien on Jl. Jend. Sudirman these days and be pleasantly surprised.Until April 30, the work of an American artist will line the walls, from the lobby to the upper floor, in a display which embodies the very essence of the hotel.
Wed, 15 Apr 1998
UN survey praises RP financial reform accord
UN survey praises RP financial reform accord UNITED NATIONS (AP): Restructuring the Philippine central bank five years ago enabled the country to weather the worst of the Asian financial crisis, a UN study says.
Wed, 15 Apr 1998
Robber stabs girl to death
Robber stabs girl to death JAKARTA (JP): A junior high school student was killed by an unidentified man when she was alone in her parents' house in Pasar Minggu, South Jakarta, Sunday afternoon.The victim, identified as Endang Lestari, 16, was studying in preparation for her school exams when the...
Wed, 15 Apr 1998
Nieuwenkamp first European wandering artists in Bali
Nieuwenkamp first European wandering artists in BaliBy Rosemarie F. Oei UBUD, Bali (JP): As the first European artist who visited Bali in the early 19th century, Wijnand Otto Jan Nieuwenkamp produced more than a 1,000 artworks in lithographs, woodcuts, drawings and paintings.
Wed, 15 Apr 1998
Govt names seven more state companies to be listed this year
Govt names seven more state companies to be listed this year JAKARTA (JP): State Minister of Empowerment of State Enterprises Tanri Abeng published yesterday the preliminary list of seven state companies to be publicly listed this fiscal year and five publicly listed firms that will be subject to...
Wed, 15 Apr 1998
285 villas to be demolished
285 villas to be demolished BOGOR (JP): Two hundred and eighty-five illegal buildings in Puncak will be torn down and the land restored as a conservation area, an official says."These buildings and villas have no permits.
Wed, 15 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 14, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 925 125 62,500 Alumindo Light Metal 425 0 15,500 Alumindo...
Wed, 15 Apr 1998
PDI seeks govt aid to hold congress
PDI seeks govt aid to hold congress JAKARTA (JP): The government-recognized board of the Indonesian Democratic Party (PDI) requested government financial assistance yesterday for its planned June congress.
Wed, 15 Apr 1998
Number of mentally ill soars during crisis
Number of mentally ill soars during crisis JAKARTA (JP): A West Jakarta mental health center has been overwhelmed with a stream of new patients as the economic crisis has apparently driven more and more people off-center, an official says.
Wed, 15 Apr 1998
Women choreographers meet to promote art
Women choreographers meet to promote art JAKARTA (JP): Although dance is often considered a feminine activity because of its emotive nature, there exists a disquieting paradox of the lack of Indonesian female coreographers.
Wed, 15 Apr 1998
Dengue fever outbreak deemed 'extraordinary'
Dengue fever outbreak deemed 'extraordinary' JAKARTA (JP): The deputy governor for social welfare affairs acknowledged yesterday that this year's dengue fever outbreak was an "extraordinary incidence" which would take concerted efforts to bring under control.
Wed, 15 Apr 1998
Rattan deregulation 'will stimulate' export drives
Rattan deregulation 'will stimulate' export drives JAKARTA (JP): The recent deregulation of the rattan trade will stimulate investment and boost exports, Director General of Forest Utilization Titus Sarijanto said yesterday.
Wed, 15 Apr 1998
Moslems view themselves as a 'minority': Scholar
Moslems view themselves as a 'minority': Scholar JAKARTA (JP): Indonesian Moslems see themselves as a minority group even though they make up the majority of the population, a speaker at a seminar said here yesterday.
Wed, 15 Apr 1998
Learning lessons from Thailand
Learning lessons from ThailandBy Aleksius Jemadu and Duncan McCargo BANDUNG (JP): It makes sense to compare Thailand and Indonesia regarding their respective strategies in dealing with the economic crisis.