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Fri, 22 May 1998
Slow demand for EFIC's Indonesian export fund
Slow demand for EFIC's Indonesian export fund SYDNEY (Reuters): The Export Finance and Insurance Corp (EFIC) has seen slow demand for its A$900 million in special funding to underwrite Australian exports to Indonesia.
Fri, 22 May 1998
Asia, European stocks rally on Soeharto news
Asia, European stocks rally on Soeharto news SINGAPORE (Reuters): Asian and European stock markets soared as Indonesian President Soeharto resigned yesterday, but many bourses pared gains as investors contemplated his controversial successor.Only neighboring Singapore clung on.
Fri, 22 May 1998
Indonesians celebrate Soeharto's departure
Indonesians celebrate Soeharto's departure JAKARTA (JP): In Jakarta, the descension day of Soeharto was wildly celebrated at the House of Representatives by thousands of student demonstrators who had occupied the compound since Monday.
Fri, 22 May 1998
Cuts in bus and taxi fares accepted
Cuts in bus and taxi fares accepted JAKARTA (JP): The city chapter of the Organization of Land Transportation Owners (Organda) announced Tuesday that it had accepted the central government's decision to lower public transportation fares following the cut in fuel prices.
Fri, 22 May 1998
ABRI played a part in president's exit: Analyst
ABRI played a part in president's exit: Analyst JAKARTA (JP): A political observer said yesterday he believed the Armed Forces (ABRI) played an important role in the process toward Soeharto's resignation.
Fri, 22 May 1998
Estrada permits Marcos burial
Estrada permits Marcos burial MANILA (Reuters): Philippine President-elect Joseph Estrada said yesterday he would allow late dictator Ferdinand Marcos to be buried in Manila's Heroes Cemetery because it was time to entomb the past.
Fri, 22 May 1998
What sort of leaders are they?
What sort of leaders are they? It is surprising that while Soeharto was overseas and the situation in the country became serious following the deaths of a number of reform heroes, coupled with chaos and turbulence when looting was widespread and vehicles were set on fire, we did not see any signs...
Fri, 22 May 1998
Top Japanese firms warn of damage from Asia woes
Top Japanese firms warn of damage from Asia woes TOKYO (Reuters): Japan's top general trading firms on Wednesday warned that their business climate would remain cloudy this business year, given a long-running economic slump at home and financial and political woes in Asia.
Fri, 22 May 1998
No exchange rate
No exchange rate There were no foreign exchange rates available Wednesday as Bank Indonesia suspended clearing operations and did not announce exchange rates, as activities closed in expectation of a mass protest.
Fri, 22 May 1998
Many Chinese-Indonesians still afraid to go home
Many Chinese-Indonesians still afraid to go home JAKARTA (JP): Despite the military's assurance that the city is safe, hundreds of Chinese-Indonesians traumatized by last week's riots were still too scared to leave their refuges in the Thousand Islands and Soekarno-Hatta International Airport.
Fri, 22 May 1998
Foreigners seek reform commitments from Habibie
Foreigners seek reform commitments from Habibie HONG KONG (Reuters): B.J. Habibie's appointment as the new President of Indonesia lacks credibility and authorities have only days to resolve an outstanding succession issue with the economy at a standstill, investors and analysts said.
Fri, 22 May 1998
Briton killed in taxi robbery
Briton killed in taxi robbery JAKARTA (JP): The death of a British man on the Tangerang toll road last Thursday was due to an armed robbery and was not connected to widespread rioting on that day, police said yesterday.City police spokesman Lt. Col. E.
Fri, 22 May 1998
Chronology of recent major events
Chronology of recent major events JAKARTA (JP): This is the chronology of major events leading up to yesterday's handover of power from President Soeharto to Vice President B.J. Habibie. Student demonstrations are not listed here as they have been taking place almost on a daily basis since the...
Fri, 22 May 1998
Indonesians who fled abroad likely to return: Consultant
Indonesians who fled abroad likely to return: Consultant SINGAPORE (Reuters): The majority of Indonesians who left the country would most probably return within the next few weeks as the threat of more riots and destruction recede, an Indonesian expert said yesterday.
Fri, 22 May 1998
Tonasa raises cement output
Tonasa raises cement output JAKARTA (JP): PT Semen Tonasa, a state cement producer in South Sulawesi, plans to produce 3.3 million metric tons of cement this year, up 7 percent from 3.1 million metric tons produced last year.
Fri, 22 May 1998
Text of Soeharto's resignation speech
Text of Soeharto's resignation speech JAKARTA (JP): "During these recent times, I have been following carefully the development of our country, especially the demands of the people for reforms in all aspects in the life of our nation and state.
Fri, 22 May 1998
Indonesia through to face China in Uber Cup final
Indonesia through to face China in Uber Cup final HONG KONG (Reuters): Evergreen Susi Susanti guided holder Indonesia into a third successive Uber Cup final yesterday where the defending champion will face favorite China.
Fri, 22 May 1998
It should not have happened
It should not have happenedFrom Bisnis IndonesiaOn behalf of the alumni of Trisakti University at the University of New South Wales, Sydney, Australia, I would like to express deep concern about the deaths of our fellow students on May 12.
Fri, 22 May 1998
Can we be optimistic?
Can we be optimistic? Finally, president Soeharto bowed to his people's demand and resigned. This astonishing decision was unthinkable until the beginning of this week. Three days ago, despite the mounting public pressure for his resignation, the president was still doing his utmost to keep his...
Fri, 22 May 1998
Mixed reactions to Soeharto's sudden resignation
Mixed reactions to Soeharto's sudden resignation JAKARTA (JP): People from all walks of reacted differently to the news of President Soeharto's resignation which stunned the world yesterday.Generally, all those asked for comment hailed the 76-year-old five-star general's abrupt decision to step...
Fri, 22 May 1998
Asahan's woes trim Japan aluminum stocks
Asahan's woes trim Japan aluminum stocks TOKYO (Reuters): Japanese aluminum buyers are looking forward to expected production cuts at PT Indonesia Asahan Aluminum this year, which should help trim huge domestic inventories, traders say.
Fri, 22 May 1998
Students jubilant, but not satisfied
Students jubilant, but not satisfied JAKARTA (JP): Students nationwide rejoiced following Soeharto's resignation yesterday but demanded that B.J. Habibie step down as president immediately.After watching the announcement, televised live at 9 a.m.
Fri, 22 May 1998
Military roadblocks cause problems for hospitals
Military roadblocks cause problems for hospitals JAKARTA (JP): Heavy barricades set up by the military along some major roads in South and Central Jakarta on Wednesday not only prevented people from going to their offices but also hindered those seeking medical attention at hospitals in the...
Fri, 22 May 1998
Soeharto's exit debated by lawyers
Soeharto's exit debated by lawyers JAKARTA (JP): Constitutional law expert Yusril Ihza Mahendra insisted that Soeharto's resignation and transfer of power to B.J. Habibie was in line with the 1945 Constitution, but other observers begged to differ.
Fri, 22 May 1998
B.J. Habibie -- a president by accident if not default
B.J. Habibie -- a president by accident if not default JAKARTA (JP): When B.J. Habibie was elected vice president by the People's Consultative Assembly (MPR) in March, few people thought he would ever succeed Soeharto as president.
Thu, 21 May 1998
Airports quiet as departures slow down
Airports quiet as departures slow down JAKARTA (JP): The wave of foreigners and Indonesians scurrying abroad dipped markedly yesterday, with Jakarta's main Soekarno- Hatta International Airport appearing almost back to normal.
Thu, 21 May 1998
National Awakening Day rally canceled to avoid bloodshed
National Awakening Day rally canceled to avoid bloodshed JAKARTA (JP): Leading opposition figure Amien Rais called off, at the last minute, a massive anti-Soeharto rally planned for yesterday around the National Monument (Monas), citing possible bloodshed.
Thu, 21 May 1998
Divorces up for S'pore Moslems
Divorces up for S'pore Moslems SINGAPORE (AP): The number of Moslem divorces rose last year in multiethnic Singapore, a newspaper reported yesterday.Divorces among Moslems, which are handled by Islamic authorities in a Shariah Court rather than by the regular judiciary, rose about 10 percent to...
Thu, 21 May 1998
Tension reigns over Jakarta's Monas Square
Tension reigns over Jakarta's Monas Square JAKARTA (JP): The atmosphere at the National Monument (Monas) Square and its vast surrounding area in the heart of the capital was unusually tense yesterday, resembling an eerily quiet combat zone instead of a popular hangout location.
Thu, 21 May 1998
Business activity grinds to a virtual halt
Business activity grinds to a virtual halt JAKARTA (JP): Business activities were virtually at a standstill yesterday, with banks and companies closing their offices over fears of possible mass demonstrations.
Thu, 21 May 1998
No time for delay, nations tell Soeharto
No time for delay, nations tell Soeharto WASHINGTON (Agencies): Leading nations sent a clear message yesterday to Indonesia's President Soeharto: Time is running out!United States Secretary of State Madeleine Albright yesterday called on President Soeharto to "preserve his legacy" by permitting a...
Thu, 21 May 1998
RI to meet China in Thomas Cup semis
RI to meet China in Thomas Cup semis HONG KONG (Reuters): Holder Indonesia rested former world champion Hariyanto Arbi yesterday but was still too strong for Malaysia in their final group match in the Thomas Cup men's team championship.
Thu, 21 May 1998
Mahathir still in hospital
Mahathir still in hospital KUALA LUMPUR (AP): Malaysian Prime Minister Mahathir Mohamad attended yesterday a Cabinet meeting after being hospitalized for four days.But Mahathir returned directly to his ward after the meeting for further treatment, Bernama news agency said.
Thu, 21 May 1998
Reform committee to be set up today
Reform committee to be set up today JAKARTA (JP): The initial lineup of the National Committee for Reform will be announced today, Minister/State Secretary Saadilah Mursjid said yesterday.President Soeharto will issue an executive order to establish a committee comprising public figures and experts...
Thu, 21 May 1998
Golkar wants MPR special session
Golkar wants MPR special session JAKARTA (JP): The majority of Golkar members in the House of Representatives voted yesterday to convene an extraordinary session of the People's Consultative Assembly (MPR) to bring about President Soeharto's resignation.
Thu, 21 May 1998
Four pages
Four pages Despite the national holiday, The Jakarta Post appears in a four-page edition today to bring our readers the latest national political developments. -- The Publisher
Thu, 21 May 1998
Student protest turns into a giant festival
Student protest turns into a giant festival JAKARTA (JP): Students from Surabaya University in East Java arrived in Jakarta empty-pocketed after traveling here on Monday to join student protests at the House of Representatives.
Thu, 21 May 1998
Yogyakarta's Sultan leads massive reform rally
Yogyakarta's Sultan leads massive reform rally YOGYAKARTA (JP): Yogyakarta's Sultan Hamengkubuwono X led a peaceful rally of at least 600,000 in this ancient city yesterday to demand President Soeharto's resignation.
Thu, 21 May 1998
Amien and colleagues admit to divisions over Soeharto's move
Amien and colleagues admit to divisions over Soeharto's move JAKARTA (JP): Leading government critic Amien Rais and his friends expressed outrage over President Soeharto's Tuesday meeting with nine Moslem leaders, a move they admitted had sowed division among "reformists".
Thu, 21 May 1998
JIS graduates 82 students in Singapore
JIS graduates 82 students in Singapore SINGAPORE (AP): Amid rowdy applause and some somber reflection, one-third of the graduating class of Jakarta International School (JIS) counted their blessings Tuesday as they took part in a graduation ceremony most thought would never happen.
Thu, 21 May 1998
Grief and homely suprises meet fleeing Indonesians
Grief and homely suprises meet fleeing Indonesians SINGAPORE (Agencies): Singaporeans have been opening their homes to families fleeing riot-torn Indonesia, offering free or reduced rent for unused rooms and apartments.
Thu, 21 May 1998
Opinions divided on Soeharto's reform offer
Opinions divided on Soeharto's reform offer JAKARTA (JP): Opinions on President Soeharto's offer to reform were divided between acceptance without reservation, acceptance with conditions, and outright rejection yesterday.
Thu, 21 May 1998
Nation awaits new government
Nation awaits new government JAKARTA (JP): President Soeharto remained closeted in his Cendana residence in Central Jakarta yesterday, amid growing speculation that he would step down today.Informed sources told The Jakarta Post that Soeharto would hand over the presidency to Vice President B.J.
Wed, 20 May 1998
Foreign embassies continue to urge their citizens to leave
Foreign embassies continue to urge their citizens to leave JAKARTA (JP): Several foreign embassies here urged their citizens yesterday evening to immediately leave the country in anticipation of today's large-scale demonstrations to commemorate National Awakening Day.
Wed, 20 May 1998
Human rights defense committee
Human rights defense committee BOGOR (JP): A group of nine activists declared yesterday the establishment of the Human Rights Defense Committee (Kopham) aimed at helping people who have been victimized during the current political violence, either by security officers or rioters.
Wed, 20 May 1998
Put a stop to carnage
Put a stop to carnageFrom KompasWe deplore the clash between Mercu Buana University students and security forces on the university campus. The clash resulted in many injured victim. The damage to the campus discredits our security forces, who seem to be increasingly repressive and brutal.
Wed, 20 May 1998
Some expatriates choose to remain in Jakarta
Some expatriates choose to remain in Jakarta JAKARTA (JP): While thousands of foreigners join the race to the airport due to the country's uncertain political situation and last week's riots, there are some expatriates who have decided to sit tight.
Wed, 20 May 1998
New bylaw on advertisement tax deliberated
New bylaw on advertisement tax deliberated JAKARTA (JP): City Council is currently deliberating a new municipality bylaw on the taxation of advertisements to replace existing Bylaw No. 10 approved in 1989, councilor Lukman F. Mokoginta said yesterday.
Wed, 20 May 1998
Indonesia to play Denmark in Uber semis
Indonesia to play Denmark in Uber semis HONG KONG (Agencies): Mia Audina, a teenage heroine for Indonesia in its last two Uber Cup women's team badminton triumphs, lifted her game yesterday to help the holder to a vital win over South Korea.
Wed, 20 May 1998
Soeharto's offer is the maximum: Analyst
Soeharto's offer is the maximum: Analyst JAKARTA (JP): President Soeharto's offer to hold a general election and not run for the presidency in the ensuing General Session of the People's Consultative Assembly (MPR) is the most he could offer to the nation, constitutional law expert Yusril Ihza...