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Tue, 14 Apr 1998
Three killed ahead of RP elections
Three killed ahead of RP elections COTABATO, Philippines (Reuters): Gunmen armed with assault rifles shot dead a mayor and two others in the southern Philippines yesterday in the first violence ahead of the May 11 national election.
Tue, 14 Apr 1998
RI's foreign exchange reserves at US$16.58b
RI's foreign exchange reserves at US$16.58b JAKARTA (JP): The country's gross foreign exchange reserves were US$16.59 billion as of March 31, down slightly from $16.6 billion as of March 13 and $17.07 billion on Feb. 16, Bank Indonesia said yesterday.
Tue, 14 Apr 1998
Canada, RI sign techno deal
Canada, RI sign techno deal JAKARTA (JP): The Canadian and Indonesian governments have agreed to cooperate on a two-year project called Canada-Indonesia Technology Network.Canadian Ambassador to Indonesia Gary J.
Tue, 14 Apr 1998
Cepu inundated after heavy rain
Cepu inundated after heavy rain CEPU, Central Java: Hundreds of houses in several villages in Cepu were inundated when the river flowing through Surakarta burst its banks following a heavy downpour over the last two days.No casualties have been reported.
Tue, 14 Apr 1998
Soeharto: RI committed to reform
Soeharto: RI committed to reform JAKARTA (JP): President Soeharto reaffirmed yesterday his commitment to the government's economic and financial reforms, explaining they were the only way for the country to lift itself out of its economic turmoil.
Tue, 14 Apr 1998
Five more arrested for murder of Army sergeant
Five more arrested for murder of Army sergeant JAKARTA (JP): Another five men have been arrested for the murder of Army officer First Sgt. Moh. Irsal Rumalian at Hotel Sentral, Central Jakarta, on March 24, police said yesterday.City police spokesman Lt. Col. E.
Tue, 14 Apr 1998
French minister due here
French minister due here JAKARTA (JP): French Foreign Trade Minister of State Jacques Dondoux and a delegation of officials from his ministry are scheduled to arrive here today on a two-day visit.Dondoux will meet Vice President B.J.
Tue, 14 Apr 1998
Aetna buys NYL Health Care
Aetna buys NYL Health Care JAKARTA (JP): United States-based insurance company Aetna has bought the NYL Care Health Plans business, a subsidiary of the New York Life Insurance Company, for US$1.05 billion.
Tue, 14 Apr 1998
IMF supplementary reform may repeat old mistakes
IMF supplementary reform may repeat old mistakes The government and the International Monetary Fund (IMF) have reached an agreement on supplementary reforms needed to restimulate the Indonesian economy. Economist Kwik Kian Gie discusses its impact.
Tue, 14 Apr 1998
Kadin seeks big debt cut from foreign creditors
Kadin seeks big debt cut from foreign creditors JAKARTA (JP): Foreign lenders are expected to grant an average 30 percent to 40 percent reduction in Indonesia's private sector debt, the Indonesian Chamber of Commerce and Industry (Kadin) said.
Tue, 14 Apr 1998
Prices of three fertilizers increased 12.5 percent
Prices of three fertilizers increased 12.5 percent JAKARTA (JP): The government increased sale prices of three commonly used fertilizers yesterday by an average of 12.5 percent to cut back on subsidies, but said the move would not eat into farmers' income.
Tue, 14 Apr 1998
Govt projects unemployment to reach 15%
Govt projects unemployment to reach 15% JAKARTA (JP): Some 13.4 million people, or nearly 15 percent of Indonesia's 90 million-strong workforce, will be unemployed by the end of March next year, Minister of Manpower Theo L. Sambuaga said yesterday.
Tue, 14 Apr 1998
Put off traffic sticker plan: PPP legislator
Put off traffic sticker plan: PPP legislator JAKARTA (JP): The United Development Party (PPP) urged the city administration yesterday to shelve its controversial traffic sticker project until the economic crisis is over.
Tue, 14 Apr 1998
Palm oil markets seen mixed
Palm oil markets seen mixed KUALA LUMPUR (Reuters): Asian palm oil markets are likely to be mixed this week with news India may soon cut import duties on edible oils and unexpectedly good Malaysian crop numbers seen triggering some short-covering, traders said.
Tue, 14 Apr 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 13, 1998: Buying Selling Rp Rp U.S. dollar 1 7,250.00 8,750.00Austrian shilling 1 541.10 649.70Australian dollar 1 4,703.50 5,280.50Belgian franc 1 191.10 213.70Canadian dollar 1 5,056.
Tue, 14 Apr 1998
Asia crude mart likely weaker
Asia crude mart likely weaker SINGAPORE (Reuters): The Asian crude market is expected to be under pressure on ample supplies this week, as refinery shutdowns for maintenance cut demand even as Indonesia and China reduce oil production, traders said yesterday.
Tue, 14 Apr 1998
On water bills
On water bills I am writing in response to PT Kekar Thames Airindo's (KATI) letter of April 8 regarding the reason for the late delivery of a customer's monthly water bill. It said that the delivery could not be made in time because there was nobody at home to receive the bill.
Tue, 14 Apr 1998
PDI requests ABRI protection to safeguard June congress
PDI requests ABRI protection to safeguard June congress JAKARTA (JP): The government-recognized board of the Indonesian Democratic Party (PDI) has formally requested the protection of the Armed Forces for its June congress.
Tue, 14 Apr 1998
Soeharto confirmed to attend G-15 summit next month
Soeharto confirmed to attend G-15 summit next month JAKARTA (JP): President Soeharto will attend the summit of the Group of 15 (G-15) developing countries in Egypt next month, Minister of Foreign Affairs Ali Alatas said yesterday.
Tue, 14 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 13, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 800 50 65,500 Alumindo Light Metal 425 0 135,000 Alumindo...
Tue, 14 Apr 1998
UN given the go-ahead to observe student protests
UN given the go-ahead to observe student protests SEMARANG (JP): Minister of Justice Muladi said here yesterday that the United Nations could send representatives to monitor the waves of student protests in Indonesia, but their presence should only be as observers.
Tue, 14 Apr 1998
Students protest misuse of funds
Students protest misuse of funds PEKANBARU, Riau: Hundreds of students staged a demonstration at their school here yesterday to protest against the recent purchase of a palm oil plantation in the province using school funds.
Mon, 13 Apr 1998
Concern over foreign lawyers' practices
Concern over foreign lawyers' practicesBy Kartini Muljadi JAKARTA (JP): Many articles have been written about the stance of a group of Indonesian lawyers over the way certain foreign lawyers practice in the country.
Mon, 13 Apr 1998
ABRI holds dialog with youth leaders
ABRI holds dialog with youth leaders JAKARTA (JP): Amid strong rejection by university students over a military-sponsored dialog, Armed Forces (ABRI) chief Gen. Wiranto opened a dialog with leaders of 32 youth organizations Saturday.
Mon, 13 Apr 1998
Five officials in scam probe
Five officials in scam probe KUPANG, East Nusa Tenggara: An investigation is underway on five officials of the provincial education and culture ministry office and four employees of a construction company for alleged involvement in a Rp 1 billion scam centered on six school building construction...
Mon, 13 Apr 1998
Bali gets Rp 9.3b for labor projects
Bali gets Rp 9.3b for labor projects DENPASAR, Bali: The province of Bali has been allocated Rp 9.3 billion in the 1998/1999 budget to used for funding labor intensive projects in the holiday resort island.
Mon, 13 Apr 1998
Tommy to operate sugar mill in E. Timor
Tommy to operate sugar mill in E. Timor JAKARTA (JP): Businessman Hutomo Mandala Putra, better known as Tommy, will soon begin operating a sugar mill in East Timor, a local official said Saturday.The head of East Timor Investment Coordinating Board, Basyiruddin Yusuf, said the mill, operated by PT...
Mon, 13 Apr 1998
Thai fishermen want licenses extended
Thai fishermen want licenses extended SAMUT SAKHON, Thailand (Reuters): Thai fishermen hope Indonesia will decide to extend its 1999 cut off date for granting licenses to foreigners to fish in Indonesian waters.
Mon, 13 Apr 1998
Malaysia may quit INRO as prices keep dropping
Malaysia may quit INRO as prices keep dropping KUALA LUMPUR (AP): Malaysia, the world's third-largest rubber producer, has threatened to pull out of the out of the International Natural Rubber Organization if Thailand does so, a news report said yesterday.
Mon, 13 Apr 1998
Dengue outbreak toll 31 so far this year: Official
Dengue outbreak toll 31 so far this year: Official JAKARTA (JP): The death toll in the city's dengue fever outbreak has reached 31 this year as of last Friday, a Jakarta health official said yesterday.Jakarta's health office spokeswoman, Maryani, said the virus, to which children are most...
Mon, 13 Apr 1998
Nation 'should alter' rice-dominated diet
Nation 'should alter' rice-dominated diet JAKARTA (JP): Indonesians need to alter their diet and reduce rice consumption because the country's production of the staple will be lower this year due to an El Nino-induced late planting season, experts have warned.
Mon, 13 Apr 1998
U.S. greets IMF-RI pact with $1b trade finance
U.S. greets IMF-RI pact with $1b trade finance WASHINGTON (Reuters): The United States on Friday welcomed Indonesia's agreement with the International Monetary Fund (IMF), offering US$1 billion in trade finance as an incentive for President Soeharto to stick to reforms.
Mon, 13 Apr 1998
Central Java to have new military chief
Central Java to have new military chief SEMARANG (JP): A new chief will be at the helm of the Diponegoro Regional Military Command today when Maj. Gen. Tyasno Sudarto is installed as commander of the Central Java area."Maj. Gen. Tyasno Sudarto will replace Maj. Gen.
Mon, 13 Apr 1998
Govt slaps travel ban on officials of ailing banks
Govt slaps travel ban on officials of ailing banks SEMARANG (JP): Minister of Justice Muladi has announced an overseas travel ban on 50 executives and owners of 14 troubled banks recently suspended or taken over by the government.
Mon, 13 Apr 1998
Man jailed for selling marijuana
Man jailed for selling marijuana MEDAN, North Sumatra: A man has been sentenced to three years in jail and fined Rp 300,000 (US$35) for selling marijuana in the city.Judge Kilmar Saragih, who presided over the district court session, said Saturday that defendant Syueb received a stiff sentence...
Mon, 13 Apr 1998
The Mina disaster
The Mina disaster Although, as far as the Indonesian pilgrims are concerned, the disaster that occurred during the haj last Thursday at Mina was much less serious than that of 1990, the calamity is nevertheless much to be lamented -- especially because all the reports received so far indicate that...
Mon, 13 Apr 1998
Bekasi Red Cross angered by inflated blood fee cost
Bekasi Red Cross angered by inflated blood fee cost JAKARTA (JP): The Bekasi chapter of the Indonesian Red Cross (PMI) is infuriated by a report that a local private hospital has inflated its blood service fee almost fivefold, to Rp 170,000 (US$21) per 300 cc bag of blood.
Mon, 13 Apr 1998
Sutiyoso OKs change in BP Parkir status
Sutiyoso OKs change in BP Parkir status JAKARTA (JP): Governor Sutiyoso agreed over the weekend to change the status of the city's parking management agency, BP Parkir, to a city-owned company to improve its performance.
Mon, 13 Apr 1998
Philippines wants church bells back
Philippines wants church bells back MANILA (AP): The Philippines will keep pressing to retrieve historic church bells taken by U.S. troops in 1901, President Fidel Ramos said yesterday after failing to work out the relics' return in a U.S. visit.
Mon, 13 Apr 1998
Market operation pushes prices down
Market operation pushes prices down BEKASI (JP): The government's initiative to sell basic commodities directly to the public has pushed prices down in the mayoralty, an official said Saturday.The mayoralty conducted the market operation in 10 markets and shopping centers from late March through...
Mon, 13 Apr 1998
Two murder suspects caught
Two murder suspects caught SEMARANG, Central Java: Police here have arrested two of the four suspects in last week's murder of a battery factory worker.Local police precinct chief Col. Soenarko said the men, identified as AR, 20, and MK, 22, were apprehended at bus terminal in Secang, Magelang,...
Mon, 13 Apr 1998
Commitment to full spirit of reform key to recovery
Commitment to full spirit of reform key to recovery JAKARTA (JP): Implementing the ideas behind the tough IMF- sponsored economic reform package is the key to Indonesia's recovery from its worst-ever economic crisis, analysts and businessmen have said.
Mon, 13 Apr 1998
Avarice will destroy us
Avarice will destroy usFrom NeracaAllow me to illustrate Indonesia's present economic condition through the depiction of the avaricious poor young man below.The young man received a gift from an old woman beggar. The beggar asked him to make three wishes, all of which would be granted.
Mon, 13 Apr 1998
Students told to stay on campuses
Students told to stay on campuses JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin has reiterated that students, who have held demonstrations demanding political and economic reforms in recent weeks, should stay on their campuses.
Mon, 13 Apr 1998
Red tides hit HK fish farms
Red tides hit HK fish farms HONG KONG, China (AP): The worst red tides this decade have wiped out hundreds of thousands of fish worth at least HK$70 million, newspapers reported yesterday.About 1,000 of Hong Kong's 1,500 fish farms have been devastated by the red tides, which first hit coastal...
Mon, 13 Apr 1998
NKK wins RI ship contract
NKK wins RI ship contract JAKARTA (JP): NKK Corporation of Japan announced in Tokyo Saturday the signing of a contract for the construction of a 22,500-cubic-meter carrier to transport liquefied natural gas (LNG) from Indonesia.
Mon, 13 Apr 1998
Japan enhances Asian crisis
Japan enhances Asian crisis In the second of several articles on Japan's role vis-a-vis the ongoing crisis in Southeast and East Asian economies, our Asia correspondent Harvey Stockwin examines why many have failed to focus on that Japanese role in the recent past -- and some of the reasons why...
Mon, 13 Apr 1998
India's edible oil industry welcomes RI CPO ban lift
India's edible oil industry welcomes RI CPO ban lift JAIPUR, India (Reuters): India's edible oil industry on Saturday welcomed Indonesia's decision to lift a ban on crude palm oil exports because it would mean lower prices but they said the cheaper imports would not last long.
Mon, 13 Apr 1998
UK societies donate milk
UK societies donate milk JAKARTA (JP): Members of the Jakarta branches of four British societies distributed milk to infants at a health service post in Cibubur, East Jakarta, on Saturday.British Ambassador Robin Christopher attended the charity event held by the Royal Society of St George,...
Mon, 13 Apr 1998
Trading activities hoped to be bullish this week
Trading activities hoped to be bullish this week JAKARTA (JP): Trading activities on the Jakarta Stock Exchange (JSX) are expected to be bullish this week following the conclusion of three weeks of negotiations between the government and the International Monetary Fund (IMF), analysts said.