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Wed, 20 May 1998
Religious tolerance in RI
Religious tolerance in RIBy June Santosa This is the first of two articles on religious tolerance in Indonesia. JAKARTA (JP): When the news broke that Amien Rais had received an invitation to appear before U.S.
Wed, 20 May 1998
Thai millers fear RI corn defaults
Thai millers fear RI corn defaults BANGKOK (Reuters): Thai feed mills, fearing that Indonesian unrest and overselling of its corn might lead to defaults, are seeking new zero-tariff corn import quotas from the Thai government, trade sources said yesterday.
Wed, 20 May 1998
Australia welcomes Soeharto poll pledge
Australia welcomes Soeharto poll pledge CANBERRA (Agencies): Australian Prime Minister John Howard praised President Soeharto yesterday for pledging fresh elections in which he would not be a candidate.
Wed, 20 May 1998
Market upbeat following Soeharto's speech
Market upbeat following Soeharto's speech JAKARTA (JP): The country's financial market responded positively to President Soeharto's offer yesterday to step down after fresh elections, but analysts warned of more uncertainty.The rupiah bounced back sharply to 12,000 against the U.S.
Wed, 20 May 1998
Government cuts fares for public transportation
Government cuts fares for public transportation JAKARTA (JP): The government has reduced land, sea and air transportation fares from today, following last week's reduction in fuel prices.Communications Minister Giri Suseno finally agreed to cut public transport fares on Monday night, after a twelve...
Wed, 20 May 1998
BI rules out another rise in interest rates
BI rules out another rise in interest rates JAKARTA (JP): Indonesia's monetary authority ruled out yesterday the possibility of a further increase in interest rates to help the ailing rupiah.Bank Indonesia (BI) Governor Sjahril Sabirin said that interest rates would not be increased until political...
Wed, 20 May 1998
Soeharto's statement boosts Asian markets
Soeharto's statement boosts Asian markets HONG KONG (AP): From Jakarta to Tokyo, Asia's battered markets generally rose yesterday after Indonesian President Soeharto announced that he would institute reforms, call new elections and ultimately step down.
Wed, 20 May 1998
Soeharto sets his on terms
Soeharto sets his on terms JAKARTA (JP): President Soeharto succumbed yesterday to strong public pressures for him to resign, but he set his own terms on how and when he will step down.It will not be now or anytime soon. And he will not resign per se but will make way for a successor.
Wed, 20 May 1998
Asian currencies perk up on Soeharto's poll pledge
Asian currencies perk up on Soeharto's poll pledge SINGAPORE (Reuters): Indonesian President Soeharto's promise of fresh elections in which he would not stand as a candidate cheered Asian currency markets yesterday, but dealers and analysts said the gains could prove short-lived.
Wed, 20 May 1998
Reform stickers sell well
Reform stickers sell well SEMARANG, Central Java: One of the hottest selling items in the city here are stickers expressing support for the reform movement.Small traders in the provincial capital have taken advantage of the reform hysteria by printing stickers carrying various reform slogans.
Wed, 20 May 1998
Riot aftermath hits courtrooms
Riot aftermath hits courtrooms JAKARTA (JP): Last week's massive rioting has brought justice to a halt in courtrooms, with just a few justice seekers appearing in court as scheduled and many suspects' detentions being extended, court officials said yesterday.
Wed, 20 May 1998
30,000 students demonstrate at House building
30,000 students demonstrate at House building JAKARTA (JP): The vast compound and complex of the domed House of Representatives was speckled with the bright colors of the university jackets worn by students yesterday.
Wed, 20 May 1998
No ban on TV news coverage: Govt
No ban on TV news coverage: Govt JAKARTA (JP): Minister of Information Alwi Dahlan denied issuing an order banning television stations from airing news reports of the recent riots and growing reform movement yesterday.
Wed, 20 May 1998
Planned massive rally may affect public life
Planned massive rally may affect public life JAKARTA (JP): Fearing possible unrest due to a massive antigovernment rally scheduled for this morning, most activities in the capital will be temporarily closed today.
Wed, 20 May 1998
30,000 students take over the House
30,000 students take over the House JAKARTA (JP): Around 30,000 students demonstrating for reform stormed the House of Representatives/People's Consultative Assembly building in Senayan yesterday in their biggest show of force yet.
Wed, 20 May 1998
Provincial council rejects Soewardi
Provincial council rejects Soewardi SEMARANG, Central Java: Central Java provincial council factions has called on outgoing Governor Soewardi not to participate in the next gubernatorial election."We hope Governor Soewardi will wholeheartedly waiver renomination for the 1998/2003 period," Col.
Wed, 20 May 1998
Indonesian unrest pushes Japanese banks to raise loss reserves
Indonesian unrest pushes Japanese banks to raise loss reserves TOKYO (Reuters): Top Japanese banks slow to respond despite their large exposure to companies in Indonesia will now have to speed up precautionary steps, analysts said yesterday.
Wed, 20 May 1998
Kia maintains RI project
Kia maintains RI project SEOUL (Reuters): South Korea's Kia Motors Corp said yesterday it would go ahead with its plan to build a joint venture car plant near Jakarta despite political and economic turmoil in Indonesia.
Wed, 20 May 1998
Union Texas tender offer still on despite unrest
Union Texas tender offer still on despite unrest NEW YORK (Reuters): Atlantic Richfield Co. said on Monday that its planned $3.3 billion acquisition of Union Texas Petroleum Holdings Inc. would not be derailed by escalating unrest in Indonesia, where both have large interests.
Wed, 20 May 1998
BI's net domestic assets valued at minus Rp 30.81t
BI's net domestic assets valued at minus Rp 30.81t JAKARTA (JP): Bank Indonesia's net domestic assets (NDA) were valued at minus Rp 30.81 trillion (US$2.8 billion) as of May 15, indicating a monetary expansion of Rp 9.54 trillion against the previous week's level.
Wed, 20 May 1998
Scavengers find windfall in the ruins of Glodok
Scavengers find windfall in the ruins of Glodok JAKARTA (JP): Hundreds of scavengers scoured the burned shell of the Glodok electronics market in downtown Jakarta yesterday, collecting what was left of the buildings set ablaze by rioters on Thursday.
Wed, 20 May 1998
WB, bankers delay debt talks amid Indonesia storm
WB, bankers delay debt talks amid Indonesia storm WASHINGTON (Reuters): Big World Bank loans and talks on commercial debt rescheduling became the latest casualties on Monday of Indonesia's political storm.The World Bank, which had been due to debate $1.
Wed, 20 May 1998
Amien vows to go on with demos despite Soeharto's promise
Amien vows to go on with demos despite Soeharto's promise JAKARTA (JP): President Soeharto's promise to see through reform is not good enough and plans to hold massive demonstrations to convince him to step down will go ahead, Moslem scholar Amien Rais said.
Wed, 20 May 1998
Japan's car projects in Indonesia remain on hold
Japan's car projects in Indonesia remain on hold TOKYO (Reuters): With Indonesia mired in political and economic turmoil, Japanese carmakers that have invested heavily there are halting plants and projects, worried that a recovery may prove increasingly elusive.
Wed, 20 May 1998
Political turmoil 'could spell economic chaos'
Political turmoil 'could spell economic chaos' JAKARTA (JP): Continuing political turmoil will only serve to devastate the country's beleaguered economy and postpone the recovery processes indefinitely, economists said yesterday.
Wed, 20 May 1998
New leader needed
New leader needed Last Thursday's events showed what happens when policies of greed, extortion, vengeance and disrespect for property, which have been common among the elite in Indonesia, are emulated by a mob of ordinary people unrestrained by feeling of individual responsibility or fear of...
Wed, 20 May 1998
Officers questioned for Trisakti shootings
Officers questioned for Trisakti shootings JAKARTA (JP): At least four senior security officers have been questioned over their alleged roles in the fatal shooting of four students from Trisakti University last week, an official said yesterday.
Wed, 20 May 1998
Governor tells looters to relinquish plunder
Governor tells looters to relinquish plunder JAKARTA (JP): Governor Sutiyoso has called on residents to relinquish goods plundered during last week's riots, which saw widespread looting and wanton destruction of private and public property."Looting is haram (forbidden in Islamic law).
Wed, 20 May 1998
House formally asks Soeharto to resign
House formally asks Soeharto to resign JAKARTA (JP): The House of Representatives formally asked President Soeharto yesterday to immediately step down for the sake of the nation's unity and integrity.The decision was made in a meeting between House leaders and the leaders of the four factions:...
Wed, 20 May 1998
Jumping on the reform bandwagon
Jumping on the reform bandwagon The current reform drive appears to have been given considerable added momentum yesterday (Monday) by the House of Representatives. Amid the cheers of students and leading critics the chairman and vice chairmen of the House, who have thus far been accused of dragging...
Wed, 20 May 1998
Caught in the cross fire -- people reflect on the riots
Caught in the cross fire -- people reflect on the riots JAKARTA (JP): To Indonesians nationwide, the May 14 incident will be remembered as a day of burning, rampant looting and the unnecessary loss of hundreds of lives.The day Jakarta was burned to the ground.
Wed, 20 May 1998
Waves sweep away 130 houses
Waves sweep away 130 houses BANDA ACEH, Aceh: At least 130 houses were swept away by huge waves that hit two villages in Johan Pahlawan district, West Aceh.The coastal area faces the Indian Ocean.Antara news agency reported yesterday that vast waves had hit the two villages since May 14, 1998, and...
Wed, 20 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 19, 1998: Buying Selling Rp Rp U.S. dollar 1 10,000.00 13,000.00Austrian shilling 1 974.90 1,015.10Australian dollar 1 7,285.00 8,321.00Belgian franc 1 318.20 361.30Canadian dollar 1 8,097.
Wed, 20 May 1998
Notice
NoticeDue to the country's current political situation, The Jakarta Post will appear tomorrow despite the national holiday observing the Ascension Day of Jesus Christ. -- Publisher
Wed, 20 May 1998
RI seen to import less gas oil
RI seen to import less gas oil SINGAPORE (Reuters): Indonesia may import less gas oil in May than previously committed, threatening to back out more supplies into the bearish Singapore market, traders said yesterday.
Wed, 20 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 19, 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 50 80,000 Alumindo Perkasa...
Wed, 20 May 1998
Japanese coffee buyers face supply shortages
Japanese coffee buyers face supply shortages TOKYO (Reuters): Japanese coffee bean buyers may face a supply shortage if Indonesia's political upheaval causes further delays in shipments ahead of the peak demand season for coffee, traders said yesterday.
Wed, 20 May 1998
Palm oil prices unchanged
Palm oil prices unchanged LONDON (Reuters): Crude palm oil prices were unchanged at the opening of the European vegetable oil market yesterday but traders said the market felt very much like it was at the eye of a storm."Every one is waiting to see what happens in Indonesia on Wednesday," said one.
Wed, 20 May 1998
Yogyakarta's Sultan to lead massive reform rally
Yogyakarta's Sultan to lead massive reform rally YOGYAKARTA (JP): Sri Sultan Hamengkubuwono X will lead a crowd expected to reach up to 200,000 in a rally here today to commemorate National Awakening Day.
Wed, 20 May 1998
Hagemeyer hit by unrest
Hagemeyer hit by unrest AMSTERDAM (Reuters): An Indonesian warehouse used by a unit of Dutch trading company Hagemeyer lost its entire stock in rioting last weekend, the firm said yesterday. It gave no value for the goods destroyed.
Wed, 20 May 1998
CNG price reduced
CNG price reduced JAKARTA (JP): State oil and gas company Pertamina has reduced the retail price of compressed natural gas (CNG) by 18 percent to Rp 450 (4.5 U.S. cents) per liter.Soegianto, in a decree issued yesterday, said Pertamina would have a profit margin of Rp 6.
Wed, 20 May 1998
Hotel occupancy rates drop sharply
Hotel occupancy rates drop sharply SEMARANG, Central Java: Hotels here have experienced a sharp drop in foreign patrons in recent days following a spate of riots that have rocked parts of the country, hoteliers said.
Wed, 20 May 1998
Bank Bali clarifies
Bank Bali clarifies With reference to the article Riots, looting rock Jakarta on your front page on May 15, we would like to clarify as follows: It is incorrect that an employee of Bank Bali threw away millions of rupiah to the rioting mass to save the bank from violent attack by the mob. I G.M.
Wed, 20 May 1998
EPA wants to help Indonesia
EPA wants to help Indonesia TOKYO (Reuters): Economic Planning Agency (EPA) head Koji Omi said yesterday he wanted Japan to take "appropriate" steps to help Indonesia, including financial aid.Omi told a regular news conference he was not in a position now to say what steps Japan might take but that...
Wed, 20 May 1998
ASEAN will observe Cambodian elections
ASEAN will observe Cambodian elections MANILA (AP): Southeast Asian countries will send 75 observers to the July 26 Cambodian elections to help ensure orderly polls, an official said yesterday.Philippine Undersecretary of Foreign Affairs Lauro Baja said the nine members of the Association of...
Wed, 20 May 1998
Business as usual for DHL courier company in Indonesia
Business as usual for DHL courier company in Indonesia JAKARTA (JP): Courier company DHL Worldwide Express is maintaining operations in Indonesia, despite the deteriorating political situation, the company said yesterday.
Wed, 20 May 1998
26 caught for suspicious goods
26 caught for suspicious goods JAKARTA (JP): Twenty-six people have been arrested in the Bakauheni port, Lampung, on charges of attempting to smuggle in goods they looted here and in Tangerang during last week's riots.Lampung police chief Col.
Wed, 20 May 1998
Rubber down on profit-taking
Rubber down on profit-taking SINGAPORE (Reuters): Singapore rubber futures closed lower yesterday amid minor profit-taking from recent gains, traders said.Rubber futures firmed recently on worries that riots in Indonesia would lead to a shortage of supply.
Wed, 20 May 1998
Malaysian politician tried for smuggling
Malaysian politician tried for smuggling BRISBANE, Australia (AP): A former Malaysian politician was carrying so much cash when he boarded a plane in Australia in 1996 that his bag weighed almost four times the limit for carry- on luggage, a court heard yesterday.
Wed, 20 May 1998
Contradicting education laws
Contradicting education lawsFrom KompasArticle 36, paragraph 1 of Education Law No. 2/1989 on the national education system says: "The cost of state education shall be the responsibility of the government."Whereas article 17, paragraph 1 of Law No.