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Wed, 20 May 1998
Taiwan investors in RI warned of China
Taiwan investors in RI warned of China TAIPEI, Taiwan (AP): Officials warned Taiwanese investors in turbulent Indonesia yesterday against moving their money to China, saying the Asian giant's economy was on shaky ground.
Wed, 20 May 1998
More turmoil ahead?
More turmoil ahead? Tragic. This single word probably sums up better than any other the grim reality that what some people see as a major concession by President Soeharto has been received with skepticism and even downright rejection by the President's most prominent critics.
Wed, 20 May 1998
Lyonnais makes RI provisions
Lyonnais makes RI provisions PARIS (Reuters): French state-owned bank Credit Lyonnais has made US$40 million in special provision for Indonesia risks and has cut its outstanding debt to South Korean companies by 25 percent in 1998.
Tue, 19 May 1998
Remain of burn victims laid to rest in mass burial
Remain of burn victims laid to rest in mass burial JAKARTA (JP): A sweltering sun at Pondok Ranggon cemetery in East Jakarta did nothing to dry the tears streaming down people's faces as remains of 113 of their relatives, burned to death in the recent riots, were buried yesterday.
Tue, 19 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 18, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 200 -25 15,000 Alumindo Perkasa 350...
Tue, 19 May 1998
Buying spree continues amid fears of rioting
Buying spree continues amid fears of rioting JAKARTA (JP): Residents were out on the second day of a buying spree yesterday amid lingering fears of fresh outbreaks of rioting, despite the facade of normality which has returned to the capital.
Tue, 19 May 1998
Soeharto meets aides to discuss resignation call
Soeharto meets aides to discuss resignation call JAKARTA (JP): Following House Speaker Harmoko's call for his resignation, President Soeharto spent hours last night consulting with Vice President B.J. Habibie, the leaders of the Armed Forces and several aides.Armed Forces Commander Gen.
Tue, 19 May 1998
Harmoko's announcement brings cheers
Harmoko's announcement brings cheers JAKARTA (JP): Yes! This is how many people reacted yesterday when asked to comment about the plan of the House of Representatives (DPR) leadership to urge President Soeharto to step down.
Tue, 19 May 1998
Botanical gardens revel on birthday
Botanical gardens revel on birthday BOGOR (JP): The famed Bogor Botanical Gardens, a flora research center which celebrated its 181st anniversary yesterday, is merely recreational park to most visitors, its manager Dedy Darnaedi said yesterday.
Tue, 19 May 1998
Forest fires cause $900m losses
Forest fires cause $900m lossesBy Hotib JAKARTA (JP): Indonesian forests are vulnerable to fires which inflict losses, both economically and environmentally.From July to September last year, enormous forest fires occurred in Sumatra and Kalimantan, causing direct economic losses of billions of...
Tue, 19 May 1998
Sumitro, a general willing to resign
Sumitro, a general willing to resignFrom RepublikaI would like to respond to a news report in this newspaper of May 12, 1998 titled Pak Mitro Menghadap Ilahi (Pak Mitro dies). The report contains, among others, the following: "According to the Army chief, Gen.
Tue, 19 May 1998
Bailout bungle
Bailout bungle If the banks reopen in Jakarta today (May 18, 1998) and resume clearing foreign exchange transactions which have been suspended since last week's rioting, then at least the International Monetary Fund will be physically able to hand over the next tranche of its bailout package, due...
Tue, 19 May 1998
Coffee price firm on Indonesian fears
Coffee price firm on Indonesian fears LONDON (Reuters): LIFFE robusta futures firmed in quiet trade yesterday morning on continued concern over Indonesian unrest, traders said.Benchmark July beat its opening call of unchanged to US$10 lower and opened $40 up but then idled through the rest of the...
Tue, 19 May 1998
Mitsubishi halts Gresik plant
Mitsubishi halts Gresik plant TOKYO (Reuters): Japan's second largest copper smelter Mitsubishi Materials Corp said yesterday it might temporarily halt construction of the Gresik smelter in Indonesia due to upheaval in the country."We may stop construction (of the Gresik smelter) temporarily.
Tue, 19 May 1998
Anti-Chinese feeling not strong in Asia
Anti-Chinese feeling not strong in Asia TAIPEI (Reuters): Southeast Asia's financial woes and a simmering political crisis in Indonesia have hurt firms owned by ethnic Chinese but many regional executives said yesterday they believed anti-Chinese sentiment was rare.
Tue, 19 May 1998
Plan to reshuffle cabinet
Plan to reshuffle cabinetFrom NeracaA cabinet reshuffle planned in the framework of the government's version of reforms can be seen as a tentative move to improve the situation. However, the present stage is already very critical.
Tue, 19 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 18, 1998: Buying Selling Rp Rp U.S. dollar 1 11,500.00 13,500.00Austrian shilling 1 975.20 977.10Australian dollar 1 7,265.20 7,984.40Belgian franc 1 318.40 347.80Canadian dollar 1 8,076.
Tue, 19 May 1998
Amex steps up support service
Amex steps up support service JAKARTA (JP): American Express has provided additional emergency support service to assist customers in Indonesia and those who have had to leave the country, the company said yesterday.A company vice president Marek H.
Tue, 19 May 1998
The House and reform
The House and reform The wind of change is blowing through this country at unbelievable speed and nobody seems able to stop the very force of this phenomenon.Yesterday's decision by the House of Representatives leadership to support popular calls for President Soeharto to step down is one of the...
Tue, 19 May 1998
S&P lowers ratings of 11 RI companies
S&P lowers ratings of 11 RI companies MELBOURNE (Reuters): Standard & Poor's Corp said yesterday that it had cut the credit ratings of 11 Indonesian corporates, with all ratings on creditwatch with negative implications.
Tue, 19 May 1998
Caltex workers staying put
Caltex workers staying put PEKANBARU, Riau: The joint venture oil company, PT Caltex Pacific Indonesia (CPI), here has no plans as yet to evacuate its foreign employees, despite a mass exodus of foreigners due to widespread rioting in Jakarta last week.
Tue, 19 May 1998
Stocks down, rupiah weak over concerns
Stocks down, rupiah weak over concerns JAKARTA (JP): Share prices on the Jakarta Stock Exchange fell 4.2 percent yesterday, dragged down by a fall in politically well-connected stocks, while the rupiah remained weak, dealers and stockbrokers said.
Tue, 19 May 1998
Where to go in Bandung:
Where to go in Bandung:Exhibition * Art exhibition: Recent Works 1996-1998, by Susanna Samanek, at Galeripadi, Jl. Ir. H. Juanda 329, Bandung (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 8 p.m., until May 31.Film * French Film at CCF - French Cultural Center, Jl.
Tue, 19 May 1998
Hartono lashes out at former ministers
Hartono lashes out at former ministers JAKARTA (JP): Minister of Home Affairs R. Hartono poured scorn on former cabinet members yesterday for criticizing President Soeharto, saying they would have resigned during their ministerial tenures if they had guts."They can talk now.
Tue, 19 May 1998
S'pore sees no recession from riot-jolted Indonesia
S'pore sees no recession from riot-jolted Indonesia SINGAPORE (Reuters): Singapore said yesterday it expected its economy to grow by between 2.5 and 4.5 percent this year, despite the financial crisis sweeping across Southeast Asia in recent months.
Tue, 19 May 1998
Foreign banks offer to assist RI privatization
Foreign banks offer to assist RI privatization JAKARTA (JP): State Minister for the Empowerment of State Enterprises Tanri Abeng said yesterday 21 foreign investment banks had offered to underwrite the divestment of the government's shares in 12 state firms.
Tue, 19 May 1998
Vietnam rice exports stable despite Indonesian chaos
Vietnam rice exports stable despite Indonesian chaos HANOI (Reuters): Vietnam's rice exports have not been affected by turmoil in Indonesia as most directly-signed contracts between dealers in the two countries were delivered by March, traders said yesterday.
Tue, 19 May 1998
Palm market eyes RI unrest
Palm market eyes RI unrest KUALA LUMPUR (Reuters): Asian palm oil markets are expected to be cautious this week with the market focused on the unrest in Indonesia, regional traders said.Traders in Malaysia said currency movements and the trend in European vegetable oil markets would dictate price...
Tue, 19 May 1998
Maj. Gen. Suaidi sworn into Sulawesi command
Maj. Gen. Suaidi sworn into Sulawesi command UJUNGPANDANG, South Sulawesi (JP): Maj. Gen. Suaidi Marasabessy was sworn in yesterday as commander of the Wirabuana Military Command overseeing Sulawesi, replacing Lt. Gen. Agum Gumelar.
Tue, 19 May 1998
Gen. Wiranto warns certain groups plan greater unrest
Gen. Wiranto warns certain groups plan greater unrest JAKARTA (JP): Minister of Defense and Security Affairs/Armed Forces Commander Gen. Wiranto warned yesterday that a certain group was planning to incite greater unrest to coincide with the historic National Awakening Day tomorrow.
Tue, 19 May 1998
BHP's plants remain closed
BHP's plants remain closed PERTH (Reuters): Australia's largest industrial group, The Broken Hill Pty. Co. Ltd., said yesterday it had no immediate plans to reopen its Indonesian steel operations, which were closed last week after riots broke out in Jakarta.
Tue, 19 May 1998
Hariyanto stars as RI into Thomas Cup semis
Hariyanto stars as RI into Thomas Cup semis HONG KONG (Reuters): Former world champion Hariyanto Arbi inspired holder Indonesia into the semifinals of badminton's Thomas Cup men's team championship with a 4-1 win over South Korea yesterday.
Tue, 19 May 1998
Thousands demand Soeharto's resignation at House
Thousands demand Soeharto's resignation at House JAKARTA (JP): Thousands of students and community leaders swamped the House of Representatives/People's Consultative Assembly complex yesterday, conveying loudly their demands that the legislative body set in motion procedures to force President...
Tue, 19 May 1998
Amien Rais' legitimacy
Amien Rais' legitimacyFrom MerdekaAfter returning from foreign visits (to the U.S. and Germany), Amien Rais made a surprising gesture that he would form a Council of People's Mandate and on May 20 this council would "go public".
Tue, 19 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 announcement by Harmoko, speaker of the House of Representatives and chairman of the People's Consultative Assembly (MPR), that he will ask President Soeharto to resign.
Tue, 19 May 1998
100 chartered planes allowed to pick up foreign nationals
100 chartered planes allowed to pick up foreign nationals JAKARTA (JP): The Ministry of Communications has allowed more than 100 chartered flights to touch down over the past several days since riots hit Jakarta, mostly to carry foreign nationals out of the country, a senior official said here...
Tue, 19 May 1998
Plan to cut public transportation tariffs opposed by bus owners
Plan to cut public transportation tariffs opposed by bus owners JAKARTA (JP): Governor Sutiyoso's plan to reduce public transport fares following the government's announcement to cut back the increase in fuel prices was rejected by several bus company officials yesterday.
Tue, 19 May 1998
S'pore's OUB sees more risk from Indonesia
S'pore's OUB sees more risk from Indonesia SINGAPORE (Reuters): The head of one of Singapore's biggest banks said yesterday Indonesia's escalating crisis had increased the risk of bank lending there and would probably lead his group to make further provisions for possible losses.
Tue, 19 May 1998
Foreign students at UGM want to leave Indonesia
Foreign students at UGM want to leave Indonesia YOGYAKARTA (JP): Seventy-six foreign students studying at Gadjah Mada University want to leave the country before tomorrow.The university's assistant rector, Joedoro Soedarsono, told The Jakarta Post that the 76 students were concerned for their...
Tue, 19 May 1998
People can't stop talking about 'Gray Thursday'
People can't stop talking about 'Gray Thursday' JAKARTA (JP): The rioting and looting in Greater Jakarta last Thursday is still a hot topic even though business as usual resumed in the capital yesterday.
Tue, 19 May 1998
Habibie may take power if Soeharto steps down
Habibie may take power if Soeharto steps down JAKARTA (JP): Vice President B.J. Habibie will succeed President Soeharto if the latter resigns as requested by House Speaker Harmoko yesterday, a constitutional law expert said.
Tue, 19 May 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from May 18 to May 24: U.S. dollar 1 Rp 9,237.50Austrian shilling 1 737.
Tue, 19 May 1998
RI: The evolution of revolution
RI: The evolution of revolutionBy Gwynne Dyer LONDON (JP): Everybody by now knows the drill for non-violent revolution -- in the past decade it has picked off tough targets like the South Korean generals, the Soviet Communist Party, and the apartheid regime in South Africa.
Tue, 19 May 1998
Fragile Indonesia, yen lead Asian markets lower
Fragile Indonesia, yen lead Asian markets lower SINGAPORE (Reuters): Fears of renewed violence in Indonesia and record lows for the yen pushed Asian markets downwards on Monday.Shares in Hong Kong, Southeast Asia and Australia closed lower, although the Tokyo stock market managed to recover from a...
Tue, 19 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film 3:05 Children's Program: Album Kenangan Anak 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI News...
Tue, 19 May 1998
ADB delays RI meeting
ADB delays RI meeting MANILA (Reuters): A planned Asian Development Bank (ADB) board meeting set for yesterday to discuss a US$1.5 billion loan to Indonesia has been postponed again, a Bank spokesman said."It is being rescheduled," he said without giving further details.
Tue, 19 May 1998
High cost of education
High cost of educationFrom Pikiran RakyatI am confused as to whom I should direct my questions about opportunities of kids to get a proper education.My questions are as follows:1. Can schoolchildren of elementary and secondary levels take the semester examination before they pay the school and the...
Tue, 19 May 1998
School's out until Friday, new spate of unrest feared
School's out until Friday, new spate of unrest feared JAKARTA (JP): Elementary and high school students have been given three days off as fears of fresh rioting grip the capital, a City Education and Culture Office staffer said yesterday.
Tue, 19 May 1998
Looted goods confiscated
Looted goods confiscated BOGOR (JP): Police have confiscated several items believed to be parts of those looted during last week's rioting in Jakarta brought by seven train passengers to Bogor, an officer said yesterday.Bogor Police Precinct chief Lt. Col.
Tue, 19 May 1998
Foreigners steer clear of the Indonesian turmoil
Foreigners steer clear of the Indonesian turmoil SINGAPORE (Reuters): Nervous investors acted yesterday to secure themselves against unrest in Indonesia, as Thai exporters backed away from Indonesian letters of credit and two major loans stalled.