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Sat, 23 May 1998
Do students' demands have popular support?
Do students' demands have popular support?From MerdekaI refer to the views of H. Tjetje Hidayat Padmadinata (former House of Representatives Commission X member) and Dr. H. Rusadi (lecturer at Pajajaran University's School of Social and Political Sciences) in Pikiran Rakyat on April 24, 1998, page...
Sat, 23 May 1998
Soeharto's support crumbled as economy weakened
Soeharto's support crumbled as economy weakened The students' moral movement finally toppled Soeharto from his presidency. Mochtar Mas'oed, a political science lecturer from Gadjah Mada University in Yogyakarta discusses matters which accelerated their demands toward a successful conclusion.
Sat, 23 May 1998
Reform and Development Cabinet boasts several fresh faces
Reform and Development Cabinet boasts several fresh faces JAKARTA (JP): About two-thirds of the 36-member Reform and Development Cabinet is comprised of members of the previous Cabinet. Here are profiles of the 16 new faces brought in by President B.J.
Sat, 23 May 1998
Habibie unveils 'reform' cabinet
Habibie unveils 'reform' cabinet JAKARTA (JP): President B.J. Habibie announced the line up of his cabinet yesterday, reappointing 20 ministers from the previous cabinet, and recruiting 16 new people.In an apparent move to woo support from a wider section of the public, Habibie included three...
Sat, 23 May 1998
Vegetable oil traders hail Hasan's departure
Vegetable oil traders hail Hasan's departure LONDON (Reuters): European vegetable oil traders welcomed the departure of Trade and Industry Minister Mohamad "Bob" Hasan from the Indonesian government yesterday.Hasan was replaced by Rahardi Ramelan in Indonesian President B.J.
Sat, 23 May 1998
Japan's OECF mission to RI may be delayed
Japan's OECF mission to RI may be delayed TOKYO (Reuters): Japan's Overseas Economic Cooperation Fund (OECF) may delay its regular mission to Indonesia to decide on new yen loans amid upheaval in the country, Kyosuke Shinozawa, the OECF's newly appointed president, said yesterday.
Sat, 23 May 1998
City to reopen damaged traditional markets soon
City to reopen damaged traditional markets soon JAKARTA (JP): The city administration will soon reopen traditional markets damaged during last week's mass rioting in a bid to help revive the city's crippled economic life, Governor Sutiyoso has said.
Sat, 23 May 1998
RI turmoil has little impact on Japanese oil traders
RI turmoil has little impact on Japanese oil traders TOKYO (Reuters): Japan's energy market should see little impact from the social and economic turmoil in oil producer Indonesia, Japanese crude traders said yesterday.
Sat, 23 May 1998
Indonesia and Malaysia set up Thomas Cup final
Indonesia and Malaysia set up Thomas Cup final HONG KONG (Reuters): Former Danish coach Morten Frost led his adopted Malaysia into the Thomas Cup final against holder Indonesia after a thrilling 3-2 victory over his old team yesterday.
Sat, 23 May 1998
Armed troops flush students out of House building
Armed troops flush students out of House building JAKARTA (JP): The five-day occupation of the House of Representatives (DPR) by some 3,000 anti-government students ended abruptly this morning after hundreds of armed troops entered the compound.
Sat, 23 May 1998
Sempati staff seek redress
Sempati staff seek redress JAKARTA (JP): At least 250 laid-off employees of financially troubled Sempati Air pressed their demand yesterday for severance pay commensurate with manpower regulations if the private firm ultimately decides to dismiss them.
Sat, 23 May 1998
Nation urged to hold on to spirit of reform
Nation urged to hold on to spirit of reform JAKARTA (JP): Respected Moslem scholar Nurcholish Madjid urged the nation yesterday to hold on to its recently promulgated spirit for reform and strive for "a just, open, and democratic civil society".
Sat, 23 May 1998
Inefficiency in Pertamina?
Inefficiency in Pertamina?From Media IndonesiaSome are under the impression that inefficiency exists in state-owned oil company Pertamina. This was noted during a hearing of the minister of mines and energy with Commission V of the House of Representatives recently.
Sat, 23 May 1998
Pokphand writes off RI assets
Pokphand writes off RI assets HONG KONG (Reuters): C.P. Pokphand Co. Ltd. said it had decided to completely write down its assets in Indonesia to zero due to political uncertainty in the country, resulting in a provision of US$20.7 million in its 1997 results.
Sat, 23 May 1998
Environmental concern still lacking
Environmental concern still lackingBy Juwono Sudarsono JAKARTA (JP): Even before the monetary and economic crises engulfed East Asia almost a year ago, Indonesia's problems in the political, economic and social spheres were formidable.
Sat, 23 May 1998
OUB resumes RI operations
OUB resumes RI operations SINGAPORE (Dow Jones): United Overseas Bank Ltd. (UOB), one of Singapore's big four banks, said yesterday it has reopened its branches in Bandung, Surabaya and Batam.However, the Jakarta branch remains closed.
Sat, 23 May 1998
Indonesia may turn to India for rice
Indonesia may turn to India for rice NEW DELHI (Reuters): Thailand's decision to suspend rice shipments to Indonesia and a Vietnamese ban on fresh exports could force Indonesia to turn to India for supplies, Indian grain traders said yesterday.
Sat, 23 May 1998
Mayors urged to account for relinquished loot
Mayors urged to account for relinquished loot JAKARTA (JP): City councilors demanded Jakarta's five mayors yesterday to account for every item of loot people have relinquished through government offices.
Sat, 23 May 1998
Habibie's team gets cautious welcome
Habibie's team gets cautious welcome JAKARTA (JP): The local business community gave a cautious welcome to the appointment of the country's economic team in President B.J. Habibie's new cabinet, though international financial institutions received the news more warmly.
Sat, 23 May 1998
Media frustated with student security at the House
Media frustated with student security at the House JAKARTA (JP): Euphoric over their growing clout since president Soeharto's resignation, protesting students occupying the House of Representatives complex have started lording it over the media, according to local and foreign journalists.
Sat, 23 May 1998
Japan's banks reopen offices
Japan's banks reopen offices TOKYO (Nikkei): Bank sources said Japanese banks planned to resume business operations in Indonesia yesterday, expecting the social unrest to subside with the resignation of President Soeharto, the Nihon Keizai Shimbun said in its yesterday morning edition.
Sat, 23 May 1998
Fund managers remain wary about Indonesia
Fund managers remain wary about Indonesia SINGAPORE (Dow Jones): Despite the resignation of Indonesia's President Soeharto Thursday, fund managers say it's not time yet to plough funds back into Indonesia as fears of continued political and economic upheavals linger.
Sat, 23 May 1998
Pertamina reduces prices
Pertamina reduces prices JAKARTA (JP): State oil and gas company Pertamina has reduced prices of compressed natural gas (CNG) and the Bensin Biru Dua Langkah (BB2L) gasoline but maintained those of Premix, Super TT gasoline, lubricating oils and liquefied petroleum gas (LPG).
Sat, 23 May 1998
Deadline for phone bill extended
Deadline for phone bill extended JAKARTA (JP): The Jakarta division of state telecommunications company PT Telkom has extended the deadline for the payment of telephone bills from May 20 to May 31 because many banks and automatic teller machines were forced to close down business by last weeks...
Sat, 23 May 1998
ABRI calls on students to end protests
ABRI calls on students to end protests JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander Gen. Wiranto has urged university students and other government critics to end their protests.
Fri, 22 May 1998
Feed meal prices cut to help ailing industry
Feed meal prices cut to help ailing industry JAKARTA (JP): The government has lowered feed meal prices to Rp 1,400 (14 U.S cents) per kilogram from between Rp 1,500 and Rp 1,800 per kilogram to help the country's ailing poultry industry, a senior official at the Ministry of Agriculture said Tuesday.
Fri, 22 May 1998
A political compromise
A political compromise On Tuesday, a number of Islamic and intellectual leaders met with President Soeharto in the State Palace's Jepara Room. Discussed during this two-hour meeting were the proposals and demands that have been made by various parties, including the faction leaders who had asked...
Fri, 22 May 1998
OECD maintains forecast
OECD maintains forecast ROME (Reuters): The Organization for Economic Co-operation and Development will maintain its 1998 forecast for growth in developed nations, despite the current crisis in Indonesia, an OECD chief economist said on Wednesday.
Fri, 22 May 1998
Analysts say Soeharto leaves behind appaling economic mess
Analysts say Soeharto leaves behind appaling economic mess SINGAPORE (Reuters): Indonesian President Soeharto has stepped down from the helm of a country in its worst economic mess since the 1960s and the problems can only worsen amid continuing political uncertainty, analysts said yesterday.
Fri, 22 May 1998
Australia-RI loan talks
Australia-RI loan talks ADELAIDE (Reuters): Australian Treasurer Peter Costello said on Wednesday that the government was in talks with Indonesia about the release of the first part of its US$1 billion assistance package.
Fri, 22 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Cartoon Exhibition: Population Issue, by Cartoonists from 9 countries in Asia, 10 a.m. to 5 p.m., in Gallery Pasar Seni Jaya Ancol, Jl. Lodan Timur, North Jakarta, until May 31.
Fri, 22 May 1998
Deutsche Bank prepared for the worst in Indonesia
Deutsche Bank prepared for the worst in Indonesia FRANKFURT (Reuters): The head of Germany's largest bank said on Wednesday that the situation in Indonesia had worsened significantly since the end of 1997, when it made a large risk provision to cover its exposure to the Asian crisis and it was now...
Fri, 22 May 1998
Japan's aid to Indonesia to continue
Japan's aid to Indonesia to continue TOKYO (Dow Jones): Japan will continue to extend financial aid to Indonesia while maintaining close contact with the International Monetary Fund (IMF) regarding future policy on that issue, Koji Tanami, administrative vice finance minister said yesterday.
Fri, 22 May 1998
`I QUIT'
`I QUIT' JAKARTA (JP): Bowing to pressure, president Soeharto announced his resignation yesterday and immediately handed power over to vice president B.J. Habibie."I quit as president," Soeharto said in a short ceremony broadcast nationwide shortly after 9 a.m. from Merdeka Palace.
Fri, 22 May 1998
Release of political prisoners demanded
Release of political prisoners demanded JAKARTA (JP): Just hours after the resignation of President Soeharto, there were already strong calls for the new government to release those incarcerated on "political" grounds.
Fri, 22 May 1998
Kerosene price
Kerosene priceFrom NeracaThe government's announcement of a reduction in fuel prices several days ago was quite a relief. One of the most welcome points is the cancellation of the increase in the price of kerosene. So kerosene costs the same as before, Rp 280/liter.
Fri, 22 May 1998
Habibie promises 'gradual reform'
Habibie promises 'gradual reform' JAKARTA (JP): President B.J. Habibie outlined last night in his inaugural televised address his intention to execute "gradual and constitutional reform" and implement the IMF economic programs.
Fri, 22 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 20, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 250 0 0 Alumindo Perkasa 350 0 0...
Fri, 22 May 1998
World leaders welcome Soeharto resignation
World leaders welcome Soeharto resignation SINGAPORE (Reuters): World leaders welcomed yesterday's resignation of Indonesian President Soeharto, and urged a peaceful continuation of political and economic reforms.
Fri, 22 May 1998
Taiwan asks RI for protection
Taiwan asks RI for protection TAIPEI (Reuters): Taiwan yesterday urged Indonesia to strengthen protection for Taiwan's investments and nationals after Vice President B.J. Habibie, seen as Taiwan-friendly, takes over from Soeharto as Indonesia's leader.
Fri, 22 May 1998
Business sector reacts positively to Soeharto's exit
Business sector reacts positively to Soeharto's exit JAKARTA (JP): Economic and business figures responded positively to Soeharto's resignation but expressed concern over newly appointed President B.J. Habibie.
Fri, 22 May 1998
Coffee market awaits traders' return home
Coffee market awaits traders' return home SINGAPORE (Reuters): Indonesia's coffee market has come to a stop since ethnic Chinese started to flee after riots last week, traders said."There is nobody you can contact in Indonesia.
Fri, 22 May 1998
ACPC cuts coffee exports
ACPC cuts coffee exports LONDON (Reuters): Major coffee producers said they would cut 1998/99 (July/June) coffee exports to 52.13 million 60-kilo bags from 52.75 million due to El Nino weather pattern and the political uncertainty in Indonesia.
Fri, 22 May 1998
Profile of outgoing, longest serving leader in Asia
Profile of outgoing, longest serving leader in Asia JAKARTA (JP): One of the most dramatic events in Indonesia's history took place yesterday morning when president Soeharto announced his resignation, bowing to the people's demands that he quit the presidency he has held for 32 years.
Fri, 22 May 1998
Cross-cultural week begins in Yogya
Cross-cultural week begins in Yogya JAKARTA (JP): Shadow puppet show Petruk Takon Bapa (Petruk Asks Father) will mark the opening of a week-long Indonesian and French culture exhibition and discussion in Yogyakarta today.
Fri, 22 May 1998
Soeharto's resignation gets warm welcome
Soeharto's resignation gets warm welcome JAKARTA (JP): Leading public figures and organizations expressed relief at the news of Soeharto's resignation yesterday, but doubted whether President B.J. Habibie was the most prudent choice of replacement to end the crisis beleaguering Indonesia.
Fri, 22 May 1998
IMF delays credit disbursement to Indonesia
IMF delays credit disbursement to Indonesia WASHINGTON (Dow Jones): The International Monetary Fund will delay credit disbursements to Indonesia until the terms of a $10.1 billion standby credit arrangement can be renegotiated, a senior IMF official said.
Fri, 22 May 1998
Political turmoil fuels Indonesia default fears
Political turmoil fuels Indonesia default fears HONG KONG (Reuters): The risk is increasing that Indonesia will default on its debt obligations and the possibility of a full-scale default will increase for as long as political confusion persists, analysts said.
Fri, 22 May 1998
Ratna, friends jailed for ignoring order
Ratna, friends jailed for ignoring order JAKARTA (JP): North Jakarta District Court sentenced stage actress Ratna Sarumpaet and four of her friends to two months and 10 days each for ignoring a police order to halt a meeting at a cottage in Ancol on March 10.
Fri, 22 May 1998
Parroting reports
Parroting reports After private TV stations Indosiar, ANteve, SCTV, RCTI and TPI gave accurate and interesting information on events in Indonesia earlier this month, the government, in this case state TV station TVRI, apparently felt it had been left behind by private TV stations.