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Thu, 09 Apr 1998
French high technology expo here next week
French high technology expo here next week JAKARTA (JP): The French government will continue to promote business links with Indonesia by staging a high technology exhibition here next week, the French embassy said yesterday.
Thu, 09 Apr 1998
Asian markets rally on hopes for RI, Japan
Asian markets rally on hopes for RI, Japan SINGAPORE (Reuters): Signs that the economies of Indonesia and Japan are about to get an overdue boost spurred Asian markets to some strong gains yesterday , but traders remained wary ahead of concrete steps in both countries.
Thu, 09 Apr 1998
Chinese minister to visit Indonesia
Chinese minister to visit Indonesia BEIJING (Reuters): Chinese Foreign Minister Tang Jiaxuan, making his first solo trip abroad in his new post, will arrive in Indonesia Saturday for a three visit, a ministry spokesman said yesterday.
Thu, 09 Apr 1998
ESCAP gives optimistic outlook for Indonesia
ESCAP gives optimistic outlook for Indonesia JAKARTA (JP): The Economic and Social Commission for Asia and the Pacific (ESCAP) has given Indonesia a relatively optimistic economic outlook for this year.
Thu, 09 Apr 1998
Asian crisis shows need for better capital controls
Asian crisis shows need for better capital controls BANGKOK (Agencies): South East Asia's economic crisis demonstrates a need for better control of destabilizing speculative global capital flows, the United Nations Economic and Social Commission for Asia and the Pacific said here yesterday.
Thu, 09 Apr 1998
Ban on student politics 'has no legal basis'
Ban on student politics 'has no legal basis' JAKARTA (JP): The recent government ban on students engaging in on-campus political activities has no legal basis, observers said yesterday.Loebby Loqman, Awaloedin Djamin and Salim Said told The Jakarta Post in separate interviews that they have never...
Thu, 09 Apr 1998
Bank NISP, Bank Bira talk with foreign investors
Bank NISP, Bank Bira talk with foreign investors JAKARTA (JP): Publicly listed Bank NISP is at an advanced stage of negotiations with foreign investors to take a significant stake in the bank.President of Bank NISP Pramukti Suriaudja said yesterday the bank was in serious negotiations with foreign...
Thu, 09 Apr 1998
Military Command to grow corn, beans
Military Command to grow corn, beans JAKARTA (JP): Members of the Jakarta Military Command launched yesterday a project which will involve hundreds of its personnel in farming unused land in Bekasi and Tangerang.Jakarta Military Commander Maj. Gen.
Thu, 09 Apr 1998
RI granted a place in World Cup boxing
RI granted a place in World Cup boxing JAKARTA (JP): Thailand has granted a World Cup team slot to one of the two Indonesian boxers who won bronze medals in the King's Cup earlier this week. The World Cup will be held in Beijing in June.
Thu, 09 Apr 1998
Easter service to be held at Istora Senayan
Easter service to be held at Istora Senayan JAKARTA (JP): If you are seeking a few words of consolation to restore your soul after the torment of the deepening economic crisis, you could attend a mass Easter service at Istora Senayan Stadium in Central Jakarta on Friday.
Thu, 09 Apr 1998
Bank workforce vulnerable
Bank workforce vulnerable JAKARTA (JP): Approximately two-thirds of the banking and financial sector workforce could be laid-off as a result of the economic crisis and reforms which need to be taken, the Federation of All-Indonesia Workers Union (FSPSI) said.
Thu, 09 Apr 1998
At least 11 activists still missing: Reports
At least 11 activists still missing: Reports JAKARTA (JP): Ten out of at least 21 people reported missing have returned, but the whereabouts of the rest are still unknown, reports said yesterday.Those accounted for were eight students who went missing following a clash between protesters and...
Thu, 09 Apr 1998
Tegal Alur residents seek project delay
Tegal Alur residents seek project delay JAKARTA (JP): A delegation of 59 residents from Tegal Alur subdistrict in West Jakarta demanded yesterday that the City Council postpone part of its river normalization program which would require them to give up their homes.
Thu, 09 Apr 1998
Taman Mini to celebrate its 23rd anniversary
Taman Mini to celebrate its 23rd anniversary JAKARTA (JP): Taman Mini Indonesia Indah is holding a series of traditional arts attractions, which will begin on April 11, to commemorate its 23rd anniversary.
Thu, 09 Apr 1998
Condo tycoon held at AG office
Condo tycoon held at AG office JAKARTA (JP): The Attorney General's Office is detaining a condominium tycoon on suspicion of embezzling Rp 65 billion (US$7.6 million) in state money.Barman, a spokesman for the Attorney General's Office, said Monday that the suspect, Seno Margono, alias Tjiang Lek...
Thu, 09 Apr 1998
RI expects good start at Thomas, Uber Cups
RI expects good start at Thomas, Uber Cups JAKARTA (JP): Indonesia expects a comfortable start in its defense of both the Thomas Cup and Uber Cup world badminton team titles in Hong Kong where it will meet low-rated contenders in opening matches.
Thu, 09 Apr 1998
2,675 jobless get free meals
2,675 jobless get free meals BOGOR (JP): Bogor mayoralty secretary R. Iswara Natanegara said yesterday 2,675 jobless people would get free meals for seven days until Sunday.Iswara said that those receiving free meals were local destitute residents. The total value of the meals is Rp 28 million.
Thu, 09 Apr 1998
Indonesia sends six cyclists to the Philippines for tour
Indonesia sends six cyclists to the Philippines for tour JAKARTA (JP): Asian Games cycling hopeful Tonton Susanto will lead Indonesia's squad at the Marlboro Centennial Tour of the Philippines from April 15 to May 3.
Thu, 09 Apr 1998
Belo concerned over deportation
Belo concerned over deportation DILI, East Timor: Dili Bishop Carlos Felipe Ximenes Belo expressed deep concern yesterday over the plight of Indonesians being deported from Malaysia, Antara reported."I sent the letter (stating concern) last April 4 to Minister of Manpower Theo Sambuaga, House of...
Thu, 09 Apr 1998
All saved in ship sinking
All saved in ship sinking GENERAL SANTOS, Philippines (AP): A Philippine-registered cargo ship sank off the southern Philippines after rough seas damaged its hull and stalled its engines, the coast guard said yesterday. All 24 people on board were rescued by a passing foreign ship.
Thu, 09 Apr 1998
Indonesia cuts projected oil price but doubts linger
Indonesia cuts projected oil price but doubts linger SINGAPORE (Reuters): Analysts said here yesterday the US$14.50 new oil price used by Indonesia for its 1998/99 budget might still be too optimistic.The regional economic downturn and efforts by Asia's refineries to boost exports could mean that...
Thu, 09 Apr 1998
Govt to float seven state firms in 1998/99
Govt to float seven state firms in 1998/99 JAKARTA (JP): The government is planning to divest holdings in five listed firms and float seven state-owned companies in the 1998/1999 fiscal year.State Minister of the Empowerment of State Enterprises Tanri Abeng said the government would initially...
Thu, 09 Apr 1998
Irian aid rotting, may be discarded
Irian aid rotting, may be discarded JAYAPURA, Irian Jaya: Hundreds of boxes of noodles and some 50 tons of rice bound for famished-stricken regencies in Irian Jaya may have to be thrown away because they are quickly going rotten.The head of the government administration in Puncak Jaya regency, H.
Thu, 09 Apr 1998
A good chance to start talking
A good chance to start talkingBy Iwan Mucipto JAKARTA (JP): Dialog is the catchword of the day. Everybody knows students will engage in the much-talked-about discussions with the Armed Forces.And, for the first time since the New Order, it is assumed that there are valid reasons behind the...
Thu, 09 Apr 1998
Man, wife and son slain in S. Jakarta
Man, wife and son slain in S. Jakarta JAKARTA (JP): A man, his wife and one of their children were murdered at their home in the southern outskirts of Jagakarsa early yesterday, police said.South Jakarta Police chief Lt. Col.
Thu, 09 Apr 1998
Crisis prompts rise in divorce
Crisis prompts rise in divorce PURWOKERTO, Central Java: Divorces in the Purwokerto and Banyumas areas have shown a marked increase since the country was hit by the economic crisis last year.Officials of the two religious courts told The Jakarta Post that 70 percent of divorces in the area had been...
Thu, 09 Apr 1998
FedEx expands with flights to Jakarta
FedEx expands with flights to Jakarta JAKARTA (JP): U.S.-based Federal Express Corporation (FedEx) has expanded its express transportation service in Asia with the debut yesterday of direct flights to Jakarta five times a week.
Thu, 09 Apr 1998
Malaysian firm shrugs off U.S. sanction threat
Malaysian firm shrugs off U.S. sanction threat KUALA LUMPUR (Reuters): Malaysia's state oil company said yesterday it would go ahead with a planned US$2 billion gas project in Iran with French and Russian partners despite the threat of U.S. sanctions.
Thu, 09 Apr 1998
Yen's gain against dollar pushes Asian currencies
Yen's gain against dollar pushes Asian currencies SINGAPORE (Reuters): Asian currencies profited from a sharp rise in the value of the Japanese yen yesterday, pushing back against the U.S. dollar on several fronts.
Thu, 09 Apr 1998
Petronas-Union Carbide deal
Petronas-Union Carbide deal KUALA LUMPUR (DPA): The Malaysian state oil firm Petronas inked a deal yesterday with U.S.-based Union Carbide Corporation to jointly build and operate an integrated chemicals complex aimed at turning Malaysia into a regional petrochemical center.
Thu, 09 Apr 1998
Fumigation a free service, mayor says
Fumigation a free service, mayor says JAKARTA (JP): East Jakarta Mayor Sudharsono told residents yesterday to reject offers of mosquito fumigation by private concerns.Sudharsono said the groups usually asked for money and the quality of the insecticide -- which should kill mosquitoes that spread...
Thu, 09 Apr 1998
Military sticks to plan on dialog with students
Military sticks to plan on dialog with students JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto said yesterday he would continue with his plan to hold a dialog with students because the nation needed their inputs to the development process.
Thu, 09 Apr 1998
Govt denies report on Goro
Govt denies report on Goro JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita denied yesterday that the government granted a privilege to wholesaler PT Goro Batara Sakti to distribute basic commodities across the country.
Thu, 09 Apr 1998
Jambi's new mayor dead
Jambi's new mayor dead JAMBI: Jambi's mayor-elect, Muhammad Sabki, 59, has died only days before he was to be sworn in later this month.Sabki died of a stroke with symptoms of typhus in Jakarta Tuesday night. His body arrived here yesterday afternoon.
Thu, 09 Apr 1998
Cheap auto parts go on sale soon
Cheap auto parts go on sale soon JAKARTA (JP): The City Land Transportation Agency in cooperation with several car agents and part manufacturers will hold a six-month sale on auto parts for owners of public buses.
Thu, 09 Apr 1998
Govt, IPB students discuss agribusiness development
Govt, IPB students discuss agribusiness development JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Haryono Suyono has held the first of a planned series of dialogs with students on how to overcome the economic crisis.
Thu, 09 Apr 1998
Moody's gives upbeat take on issuance record in '97
Moody's gives upbeat take on issuance record in '97 LONDON (Dow Jones): In a report published yesterday, Moody's Investors Service highlights the resilience and strength of Asian structured finance markets in the face of recent months' market turmoil and a generally cautious approach to the whole...
Thu, 09 Apr 1998
Asian turmoil hitting project finance debt
Asian turmoil hitting project finance debt LONDON (Reuters): Standard & Poor's reports this week Asia's financial problems may have a greater impact on project and infrastructure debt than other sectors given that these financings have fueled much of the region's earlier, phenomenal growth, and now...
Thu, 09 Apr 1998
Authorities vow to phase out red-light district
Authorities vow to phase out red-light district JAKARTA (JP): The municipality will phase out the city's only officially recognized red-light district in Kramat Tunggak, North Jakarta, Deputy Governor for Welfare Affairs Djailani said yesterday.
Thu, 09 Apr 1998
Intel improves services
Intel improves services JAKARTA (JP): Intel Indonesia Corporation introduced yesterday its worldwide certification program designed to provide highly trained technical experts to help companies choose and implement Intel-based technology solutions.
Thu, 09 Apr 1998
Daimler-Benz hopes for Asia
Daimler-Benz hopes for Asia STUTTGART (DPA): Daimler-Benz expects to raise its Asia- generated revenues from their current level of eight per cent of the total to over 20 per cent within 10 years, company officials said yesterday.
Thu, 09 Apr 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 8, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 9,500.00Austrian shilling 1 578.60 746.50Australian dollar 1 5,076.30 6,123.50Belgian franc 1 204.30 245.50Canadian dollar 1 5,431.
Thu, 09 Apr 1998
Four more Sri Lankans arrested by police
Four more Sri Lankans arrested by police JAKARTA (JP): The Jakarta Police Foreigners Supervision Unit (POA) has arrested another four Sri Lankans for allegedly working without permits and having no passports, a police officer said yesterday.
Wed, 08 Apr 1998
S&P acts on RI banks following IBRA action
S&P acts on RI banks following IBRA action JAKARTA (JP): Global rating agency Standard & Poor's revised Monday its rating of Bank Umum Nasional (BUN), Bank Dagang Nasional Indonesia (BDNI) and Bank Expor Impor Indonesia (Bank Exim) to "NM", or not meaningful.
Wed, 08 Apr 1998
Makindo's profits up
Makindo's profits up JAKARTA (JP): PT Makindo has reported a 32 percent increase in net profits for 1997 to Rp 89.6 billion (US$9.48 million).Makindo said Monday that its total assets expanded 621 percent to Rp 1.07 trillion as of the end of 1997.
Wed, 08 Apr 1998
Governor OKs increase in tap water tariffs
Governor OKs increase in tap water tariffs JAKARTA (JP): Jakarta Governor Sutiyoso approved Monday the 25 percent average increase in tap water tariffs announced by city- owned water company PDAM late last week.Sutiyoso said he would sign a gubernatorial decree legalizing the new tariffs.
Wed, 08 Apr 1998
Govt urged to turn back to agribusiness to beat crisis
Govt urged to turn back to agribusiness to beat crisis JAKARTA (JP): The government should focus on developing the agricultural sector to reduce the country's dependence on imported commodities and to cope with rising unemployment, a noted agriculture analyst said yesterday.
Wed, 08 Apr 1998
Missing people case to be probed
Missing people case to be probed JAKARTA (JP): The National Commission on Human Rights will launch today an investigation into the clash between protesting students and security personnel in Yogyakarta, and the reported disappearance of political activists.Bambang W.
Wed, 08 Apr 1998
Rectors to regulate campus rallies: Minister
Rectors to regulate campus rallies: Minister JAKARTA (JP): Minister of Education and Culture Wiranto Arismunandar said it was up to individual rectors to decide whether student rallies and activities had delved into the forbidden area of "practical politics".
Wed, 08 Apr 1998
U.S. official due in KL, Jakarta over Iran deals
U.S. official due in KL, Jakarta over Iran deals KUALA LUMPUR (Reuters): A senior State Department official will visit Malaysia this week to review an investment by state oil company Petronas in Iran that could trigger U.S. sanctions, a U.S. official said yesterday.