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Thu, 23 Apr 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 22, 1998: Buying Selling Rp Rp U.S dollar 1 7,500.00 8,500.00Austrian shilling 1 573.00 682.00Australian dollar 1 4,876.20 5,420.10Belgian franc 1 202.40 224.10Canadian dollar 1 5,243.
Thu, 23 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 22, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 650 -50 7,000 AHAP Insurance 500 0 0 Alter Abadi 1,025 0 116,000 Alumindo Light Metal 400 25 27,000...
Thu, 23 Apr 1998
40% of Bogor buses grounded
40% of Bogor buses grounded BOGOR (JP): The skyrocketing prices of auto parts have forced about 40 percent of the town's 2,400 public transportation vehicles off the roads, an official said yesterday.A.
Thu, 23 Apr 1998
Reform deadlines met: Minister
Reform deadlines met: Minister JAKARTA (JP): Indonesia has implemented all the reforms due this week under deadlines agreed with the International Monetary Fund (IMF), Coordinating Minister for Finance, Economy and Industry Ginandjar Kartasasmita said yesterday.
Thu, 23 Apr 1998
Are foreign lawyers a problem?
Are foreign lawyers a problem?By Donna K. Woodward MEDAN (JP): In the April 13 issue of The Jakarta Post, attorney Kartini Muljadi presented clearly the rationale for the position taken by Indonesian lawyers' groups on the employment of foreign lawyers in Indonesia.As Kartini and T.
Thu, 23 Apr 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Hazztoria Band daily except Sunday 9 p.m. to 1 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m. to 10:45 p.m., Saturday at 7 a.m. to 11 p.m.
Thu, 23 Apr 1998
Colors of death in photographs, paintings
Colors of death in photographs, paintings JAKARTA (JP): Kalimantan on fire! Forests take centuries to mature, but only hours to burn. Try to imagine the appalling size of the fires. They're much larger than images commonly seen in the media would lead one to believe.
Thu, 23 Apr 1998
JSX's key index climbs, Asian markets end mixed
JSX's key index climbs, Asian markets end mixed HONG KONG (AP): Asian markets closed mixed yesterday, with Jakarta's key index climbing above the psychological barrier of 500 points.Jakarta's benchmark JSX composite index closed 2.93 points higher at 500.64.
Thu, 23 Apr 1998
Where to go in Bali:
Where to go in Bali:Exhibition * Art Exhibition by W.O.J. Nieuwenkamp (European Artist), at Museum Puri Lukisan, Jl. Raya Ubud, Ubud, Gianyar, Bali (Phone: 0361 975136), 8 a.m. to 4 p.m., until April 30.
Thu, 23 Apr 1998
UN urges RI to punish firms starting fires
UN urges RI to punish firms starting fires GENEVA (Reuters): The United Nations, warning that Indonesia's fires threaten to become a global disaster, urged Jakarta on Tuesday to discipline timber and plantation firms that illegally clear forests for profit by setting them on fire.
Thu, 23 Apr 1998
Stickers burdensome
Stickers burdensomeFrom Bisnis IndonesiaIn response to the plan to enforce a sticker system on restricted roads in Jakarta, presently known as the three-in-one zone, allow me to contribute the following ideas, which, hopefully, may draw the attention of the Jakarta governor and the City Council:1.
Thu, 23 Apr 1998
Domestic banks raise deposit rates up to 55%
Domestic banks raise deposit rates up to 55% JAKARTA (JP): Domestic commercial banks raised interest rates on their one-month deposits yesterday to as high as 55 percent, following Bank Indonesia's increase of rates payable on short- term promissory notes (SBIs) on Tuesday.
Thu, 23 Apr 1998
ITB's faculty senate sets up anti-crisis body
ITB's faculty senate sets up anti-crisis body BANDUNG (JP): The faculty senate of the Bandung Institute of Technology set up a committee yesterday to explore concepts and prepare recommendations for the government on ways to cope with the economic crisis.
Thu, 23 Apr 1998
Police seize 100,000 pirated discs in Glodok
Police seize 100,000 pirated discs in Glodok JAKARTA (JP): The police seized about 100,000 illegal video compact discs, laser discs, audio compact discs and digital video discs in a raid on a shopping plaza in the Glodok commercial district Tuesday.
Thu, 23 Apr 1998
Agricultural sector must be revitalized soon: Wiranto
Agricultural sector must be revitalized soon: Wiranto TEGAL, Central Java (JP): Given the economic crisis, the agricultural sector must be revitalized as soon as possible to meet the nation's food needs, Minister of Defense/Armed Forces (ABRI) Commander Gen. Wiranto said here yesterday.
Thu, 23 Apr 1998
Amexcard service
Amexcard service I was an American Express card member until a few weeks ago. In 1977, I obtained my Amexcard in Brighton, England, when there were no Amexcard activities and operations in Indonesia. For 21 years I was a member in good standing until my withdrawal nearly three weeks ago.
Thu, 23 Apr 1998
Bakrie's banks to merge
Bakrie's banks to merge JAKARTA (JP): Four private banks under the Bakrie Group, Bank Nasional, Bank Nusa International, Bank Angkasa and Bank Nasional Komersial, are set to merge soon.Chief commissioner of PT Bakrie Capital Indonesia Nirwan D.
Thu, 23 Apr 1998
Agents qualify for honors
Agents qualify for honors JAKARTA (JP): Fifty-three agents of PT Asuransi Jiwa Sewu New York Life have qualified to become members of the US$1 million round table (MDRT) for 1998.The company said yesterday that MDRT was the premier international life insurance association of qualifying sales...
Thu, 23 Apr 1998
AFP sells U.S. properties
AFP sells U.S. properties SINGAPORE (Reuters): Asia Food & Properties Ltd (AFP), an arm of Indonesia's Sinar Mas group, said yesterday it had completed the sale of several U.S. properties for a total cash consideration of US$265 million.
Thu, 23 Apr 1998
Three to be questioned over Games sticker row
Three to be questioned over Games sticker row JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono will reportedly summon three executives of the 19th SEA Games underwriting subcontractor to answer questions on their alleged involvement in a Rp 1 billion scam involving...
Wed, 22 Apr 1998
Ban on CPO exports finally lifted
Ban on CPO exports finally lifted JAKARTA (JP): The government has finally lifted its ban on exports of crude palm oil (CPO) and its byproducts, beginning today, through a ministerial decree.The decree, signed last Friday by Minister of Industry and Trade Mohamad "Bob" Hasan, ended the...
Wed, 22 Apr 1998
Asian stock markets close mostly lower
Asian stock markets close mostly lower HONG KONG (AP): Most Asian stock markets closed lower yesterday, with the key index in Jakarta tumbling 2.1 percent after the Indonesian central bank raised interest rates to support the battered currency.
Wed, 22 Apr 1998
CPO price tumbles on RI news
CPO price tumbles on RI news KUALA LUMPUR (Reuters): News at least 100,000 tons of crude palm oil (CPO) is ready for loading on waiting vessels in Indonesia yesterday and a stronger ringgit against the U.S. dollar dragged down Malaysian palm oil prices at the close, traders said.
Wed, 22 Apr 1998
Bias cited on demolition of villas
Bias cited on demolition of villas BOGOR (JP): The local administration's policy to demolish illegally built villas has been smeared as "discriminative" because buildings belonging to people with powerful connections have always been spared, Antara reported yesterday.
Wed, 22 Apr 1998
'Govt inconsistent' on women's rights issue
'Govt inconsistent' on women's rights issue JAKARTA (JP): Despite its endorsement of an international convention against discrimination, the government is inconsistent in its implementation of laws on the empowerment of women and the protection of their rights, an activist said yesterday.
Wed, 22 Apr 1998
Soeharto warns of foreign takeovers
Soeharto warns of foreign takeovers JAKARTA (JP): President Soeharto warned yesterday of a possible wholesale takeover of Indonesian companies by foreign investors if the nation failed to resolve the economic crisis.
Wed, 22 Apr 1998
Familiarity reigns among city arts council's new board lineup
Familiarity reigns among city arts council's new board lineup JAKARTA (JP): Unfamiliar faces were the minority as the Jakarta Academy of Arts and Culture officially installed the new Jakarta Arts Council for a three-year term yesterday at Taman Ismail Marzuki, Central Jakarta.
Wed, 22 Apr 1998
Govt urged not to maintain high rates for too long
Govt urged not to maintain high rates for too long JAKARTA (JP): The government should not maintain interest rates at the current high level for too long so that the business sector can expand and create employment, the Indonesian Chamber of Commerce and Industry (Kadin) said yesterday.
Wed, 22 Apr 1998
Local franchisers lack commitment
Local franchisers lack commitment JAKARTA (JP): Many local franchise operators lack the commitment and the ability to develop their businesses properly, a consultant said yesterdayAmir Karamoy said many of the local franchisers took the fees from the holders of their licenses but did not assist...
Wed, 22 Apr 1998
Road to economic recovery full of potholes
Road to economic recovery full of potholes Government officials have made confusing statements on the reforms sponsored by the International Monetary Fund (IMF). Economist Sri Mulyani Indrawati, vice chairwoman of the University of Indonesia's Center for Economic and Social Studies, discusses the...
Wed, 22 Apr 1998
Bechtel to sends engineers abroad to work
Bechtel to sends engineers abroad to work JAKARTA (JP): Giant engineering and construction company Bechtel International Inc. of the United States will send 50 percent of its Indonesian engineers to overseas operations due to the decline in business activities here, the company said yesterday.
Wed, 22 Apr 1998
Deli fishermen's shooting reported
Deli fishermen's shooting reported MEDAN (JP): The wives of two fishermen shot dead by marine police in a recent clash in Sei Tuan, Deli Serdang, North Sumatra, reported their husbands' tragic deaths to the Military Police office here on Monday.
Wed, 22 Apr 1998
Effectiveness of fumigation questioned
Effectiveness of fumigation questioned JAKARTA (JP): City residents complained yesterday that fumigation efforts to fight the Aedes Aegypti mosquito, the carrier of the dengue fever virus, were largely ineffective.
Wed, 22 Apr 1998
Bank Indonesia sets up monetary monitoring team
Bank Indonesia sets up monetary monitoring team JAKARTA (JP): Bank Indonesia (BI) has formed a monetary monitoring committee in an effort to implement more of the reforms agreed to with the International Monetary Fund.
Wed, 22 Apr 1998
Indonesian stories get English editions
Indonesian stories get English editions JAKARTA (JP): Cats, the moon and an army general are among the subjects of the latest collection of English language Indonesian short stories published by the Monash Asia Institute in Australia.
Wed, 22 Apr 1998
Ornate Sumatran finery a national legacy
Ornate Sumatran finery a national legacy JAKARTA (JP): Model-strutting was nowhere to be seen on the catwalk at a fashion show of traditional Sumatran costumes in Jakarta last weekend.The show, which paraded eight Sumatran dance costumes, was part of a traditional fashion event, My Beautiful...
Wed, 22 Apr 1998
Striker Kurniawan to train young local soccer hopefuls
Striker Kurniawan to train young local soccer hopefuls JAKARTA (JP): A group of 50 Indonesian children aged between eight and 15 years old will get a rare opportunity to develop their soccer skills under the watchful eye of ace national striker Kurniawan Dwi Yulianto at a week-long training session...
Wed, 22 Apr 1998
Angry crowd burns minivan
Angry crowd burns minivan JAKARTA (JP): A mob set fire to a public transportation minivan on Jl. Raya Bintara, Bekasi, after it fatally struck an ojek (motorcycle taxi) driver, police said yesterday.The motorcycle passenger was also injured.
Wed, 22 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 21, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 12,500 AHAP Insurance 500 0 0 Alter Abadi 1,025 -50 270,500 Alumindo Light Metal 375 -50 105,000...
Wed, 22 Apr 1998
Debt puts location of Tiger up on the line
Debt puts location of Tiger up on the line JAKARTA (JP): The 19th Southeast Asian Games row continued yesterday with the National Sports Council admitting that it owes the Asian Football Confederation (AFC) US$58,384.
Wed, 22 Apr 1998
New military chief for northern Sumatra
New military chief for northern Sumatra MEDAN (JP): Army Chief Gen. Subagyo Hadisiswoyo installed Maj. Gen. Ismed Yuzairi yesterday as new commander of the Bukit Barisan Military Command overseeing Aceh, North Sumatra, West Sumatra and Riau.Ismed replaced Maj. Gen.
Wed, 22 Apr 1998
Stifling interest rates
Stifling interest rates Bank Indonesia has increased its interest rate for Bank Indonesia promissory notes (SBI) to 45 percent a month. One consequence is an increase of commercial banks' interest rates to 47.5 percent for one-month time deposits and 19 percent for one year.
Wed, 22 Apr 1998
Students and politics
Students and politics According to the European press, 14 Indonesian student activists were sentenced last year from two to 13 years' imprisonment for their calls for a reform of Indonesia's political system.
Wed, 22 Apr 1998
Blows and 'bare' tactics block planned eviction
Blows and 'bare' tactics block planned eviction TANGERANG (JP): The planned eviction of more than 2,000 residents of Gaga Indah subdistrict in Ciledug here yesterday was postponed after a duel between angry residents and the driver of the bulldozer used to demolish their houses.
Wed, 22 Apr 1998
Toeing to IMF conditions
Toeing to IMF conditions The new agreement between the Indonesian government and the International Monetary Fund is an improvement on the previous two. But is that enough to ensure compliance by the Indonesian government where it was lacking before?The new agreement's provisions to allow continued...
Wed, 22 Apr 1998
Incarcerated female job seeker dies in hospital
Incarcerated female job seeker dies in hospital JAKARTA (JP): A woman died of a bad illness in hospital Friday after being incarcerated for about three months in a house on Jl. Taman AA in Sukabumi Selatan subdistrict, West Jakarta, police said yesterday.City Police spokesman Lt. Col. E.
Wed, 22 Apr 1998
Students walk out of dialog with Hartono
Students walk out of dialog with Hartono JAKARTA (JP): A dialog between government officials and students ended in confusion yesterday after dozens of participants walked out of the meeting and held a "dialog of their own" outside.
Wed, 22 Apr 1998
Timber firms prefer to export sawn timber
Timber firms prefer to export sawn timber JAKARTA (JP): The government's decision to ease wood export restrictions will encourage timber companies to export sawn timber rather than logs, the Association of Indonesian Forest Concessionaires (APHI) said here yesterday.
Wed, 22 Apr 1998
Interest rate rise has little impact on ASEAN monies
Interest rate rise has little impact on ASEAN monies SINGAPORE (Dow Jones): An increase in rupiah interest rates yesterday had little impact on trading in Southeast Asian currency markets as regional currencies rose against the U.S. dollar in line with the yen during Asian hours.
Wed, 22 Apr 1998
Cheap meals from officials' wives
Cheap meals from officials' wives BOGOR (JP): Members of the Bogor Civil Servants' Wives Association sold 2,000 cheap meals to the poor in East Bogor subdistrict yesterday.The food packages were sold for Rp 500 each to people who have become unable to make the ends meet because of the economic...