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Wed, 13 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 12, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 925 0 57,500 Alumindo Light Metal 300 0 0 Alumindo Perkasa...
Wed, 13 May 1998
Campus bulletins voice message of reform
Campus bulletins voice message of reformBy Ati Nurbaiti JAKARTA (JP): The rising prominence of university students has been the dominant feature in calls for political and economic reforms in the country.
Wed, 13 May 1998
Thais demand end to RI violence
Thais demand end to RI violence BANGKOK (Reuters): Several Thai political activists protested briefly outside the Indonesian Embassy in Bangkok yesterday, demanding an end to violence against antigovernment protesters in Indonesia.
Wed, 13 May 1998
Govt promises to improve workers' image overseas
Govt promises to improve workers' image overseas JAKARTA (JP): Newly appointed Director General for Labor Placement Sirajudin Syamsuddin pledged yesterday to improve the image of Indonesians working overseas, saying there would be a more selective process for sending them abroad.
Wed, 13 May 1998
Expediting reform
Expediting reform After two days of relative calm, students in various cities across Indonesia returned to the streets yesterday to voice their discontent over the economic and political situation and to demand change.
Wed, 13 May 1998
Religious leaders join force for reform
Religious leaders join force for reform JAKARTA (JP): Religious leaders in Yogyakarta and Surabaya, East Java, urged the government to meet demands for political and economic reform, warning that public patience was boiling over.
Wed, 13 May 1998
Food prices soar to new highs
Food prices soar to new highs JAKARTA (JP): Prices of several essential commodities soared to new highs yesterday following the government's recent decision to increase fuel and transport tariffs.Traders in major markets reported that sugar, wheat flour, cooking oil and sweet potato were...
Wed, 13 May 1998
Four students killed at Trisakti rally
Four students killed at Trisakti rally JAKARTA (JP): At least four students of Trisakti University were killed during an antigovernment rally in West Jakarta yesterday evening.RCTI last night reported six dead but gave no names.
Wed, 13 May 1998
Priok port has cargo center
Priok port has cargo center JAKARTA (JP): State port operator PT Pelabuhan Indonesia II (Pelindo II), which is responsible for the management of Jakarta's Tanjung Priok port, has started operating a new cargo distribution center to facilitate container flow through the port, especially for...
Wed, 13 May 1998
Heavy flooding hits parts of Jakarta and Tangerang
Heavy flooding hits parts of Jakarta and Tangerang JAKARTA (JP): Thousands of houses in several areas in Jakarta and Tangerang were inundated yesterday with floodwaters reaching between 30 centimeters and two meters.
Wed, 13 May 1998
Shipping lines leave RI after drop in imports
Shipping lines leave RI after drop in imports JAKARTA (JP): Indonesia's drop in imports has forced many foreign cargo shipping lines to cut or withdraw their operations here, a shipping line executive has said.James T.Y.
Wed, 13 May 1998
Makindo pays dividend
Makindo pays dividend JAKARTA (JP): Publicly listed securities firm PT Makindo will pay a dividend of Rp 73.5 (less than 1 U.S. cent) per share for the 1997 financial year.The company's president Gunawan Yusuf said yesterday that about 80 percent of the company's profits was distributed as cash...
Wed, 13 May 1998
Camdessus sees possible RI private debt accord
Camdessus sees possible RI private debt accord PARIS (Agencies): IMF managing director Michel Camdessus said on Monday that a debt deal with Indonesia was possible at a May 26 meeting in Frankfurt with creditor banks.
Wed, 13 May 1998
Phillips says Timor Sea project delayed two years
Phillips says Timor Sea project delayed two years BARTLESVILLE, Okla. (Reuters): Phillips Petroleum Co. said Monday production of liquefied natural gas at the Bayu-Undan gas field in the Timor Sea off Indonesia has been delayed by a weak market and disagreements with its major partner, Australian...
Wed, 13 May 1998
Sampang may sink next century
Sampang may sink next century JAKARTA (JP): Future residents of Sampang, East Java, may well have to learn to keep their heads above water as regency officials warn the town could be submerged in the next century.
Wed, 13 May 1998
Students vow to rally until vital changes are achieved
Students vow to rally until vital changes are achieved JAKARTA (JP): Students who have temporarily abandoned their studies and families to attend unrelenting antigovernment rallies have vowed to continue protesting until substantial change has been achieved.
Wed, 13 May 1998
RI after to honors in bridge
RI after to honors in bridge JAKARTA (JP): Indonesia's 18-strong team will depart for the Pacific Asia Bridge Championships in Kobe, Japan, today with an ambitious target of sweeping all three top honors on offer.
Wed, 13 May 1998
11 trapped in fire, another jumps to death
11 trapped in fire, another jumps to death JAKARTA (JP): Twelve people died when a fire gutted a three- story shop/house in Duta Harapan Indah, Penjaringan, North Jakarta, yesterday.Eleven of the victims died after being trapped by the flames.
Wed, 13 May 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 12, 1998: Buying Selling Rp Rp U.S dollar 1 8,700.00 9,600.00Austrian shilling n/a n/aAustralian dollar 1 5,742.10 6,061.00Belgian franc 1 248.00 260.70Canadian dollar 1 6,341.50 6,652.
Wed, 13 May 1998
Indonesian monopolies must go, IMF official says
Indonesian monopolies must go, IMF official says SEOUL (Reuters): Indonesia's politically sensitive monopolies still have to be dismantled, but its reform program remains generally on track, a senior International Monetary Fund official said yesterday.
Wed, 13 May 1998
The role of state enterprises
The role of state enterprises The dynamic developments occurring in society were reflected in the working conference held by the House of Representatives' Commission V with the mines and energy minister last Friday.
Wed, 13 May 1998
PPP supporters donate blood
PPP supporters donate blood JAKARTA (JP): Fifty members and supporters of the United Development Party (PPP) donated blood Monday to help the city's dengue fever patients.Organizers said they were disappointed with the drive because the 17-member Indonesian Red Cross (PMI) medical team refused to...
Wed, 13 May 1998
City loses $1.6m as parking firms fail to pay rental fees
City loses $1.6m as parking firms fail to pay rental fees JAKARTA (JP): The failure of private parking management companies to pay statutory rental fees costs the City administration Rp 14.66 billion (US$1.6 million) a year in lost revenue, a city councilor said yesterday.
Wed, 13 May 1998
Naked truth can be ugly sight
Naked truth can be ugly sightFrom Media IndonesiaThe intensity of the student demonstrations occurring up to now should be taken as a sign of the people's prevailing concerns about the nation's situation.
Wed, 13 May 1998
Fire destroys protected forest
Fire destroys protected forest KUTACANE, Aceh: At least 10,000 hectares of protected forest near Leuser National Park in Southeast Aceh has been destroyed by fire.Southeast Aceh Regent Syahbuddin said here Monday that the fire was caused by a widening of fires burning in nearby forests, which had...
Wed, 13 May 1998
Robber shoots man to death
Robber shoots man to death BOGOR (JP): One of seven robbers armed with guns and machetes shot dead a man at a house in Cibodas before making away with a Feroza jeep, video camera, jewelry and a TV set early Monday, eyewitnesses said.Sujani, 43, was shot at about 2 a.m.
Wed, 13 May 1998
Government needs time for reform
Government needs time for reformFrom Media IndonesiaAlarming. That is the right word to describe the present situation in our country. Many riots have occurred in various cities. These are not only alarming to part of our community, but they carry an impact in other countries as well.
Wed, 13 May 1998
Don't give up on Indonesia
Don't give up on Indonesia We are living through interesting times in Indonesia. It seems another chapter is turning in our history. For people who have closely followed developments here, it is likely to be an important period of change. Change there will be, there is little doubt about it.
Wed, 13 May 1998
UI lecturers urge DPR to back reform movement
UI lecturers urge DPR to back reform movement JAKARTA (JP): The House of Representatives (DPR) should immediately respond to demands for total reform, a group of 250 University of Indonesia (UI) professors and lecturers has said.
Wed, 13 May 1998
Activist gives grisly details of torture
Activist gives grisly details of torture JAKARTA (JP): Human rights lawyer Desmond J. Mahesa broke silence and overcame fears for his life yesterday when he recounted his two-month-long ordeal at the hands of his abductors.
Wed, 13 May 1998
Durable law
Durable law Amid the students' demands for total reforms -- political, economic, legal and moral -- Minister of Justice Muladi drew more attention with his statement that the government intends to revoke the Law No.11/PNPS1963, commonly known as the Subversion Law. He deserves praises from us all.
Wed, 13 May 1998
Thieves make off with ATM
Thieves make off with ATM JAKARTA (JP): Robbers stole an Automatic Teller Machine (ATM) from a Bank International Indonesia (BII) branch on Jl. Taman Sari, West Jakarta, police said.City police spokesman Lt. Col. E. Aritonang said the machine was stolen at about 4:45 a.m. on Thursday.
Wed, 13 May 1998
House rejects fuel price increase
House rejects fuel price increase JAKARTA (JP): Leaders of the House of Representatives rejected yesterday the government's decision to increase prices of fuel and electricity, saying the timing was inappropriate.
Wed, 13 May 1998
Monas street vendors oppose relocation plan
Monas street vendors oppose relocation plan JAKARTA (JP): Street vendors operating around Monas (the National Monument) in Central Jakarta are opposed to the city administration's plan to remove them to a nearby location because it will lead to a drop in their daily income.
Wed, 13 May 1998
Students back to demos after holiday interlude
Students back to demos after holiday interlude YOGYAKARTA (JP): Thousands of students from seven universities in this ancient city took to the streets here yesterday to continue their antigovernment rallies under the watchful eyes of security forces.
Wed, 13 May 1998
BI interest policy ineffective: Bankers
BI interest policy ineffective: Bankers JAKARTA (JP): Banking experts said yesterday Bank Indonesia (BI) should stop increasing its benchmark interest rates on short-term promissory notes (SBIs) because it had failed to shore up the rupiah's value.Banker Bangun S.
Wed, 13 May 1998
KL bars foreign stakes in local TV
KL bars foreign stakes in local TV KUALA LUMPUR (DPA): Malaysia will not allow foreigners to hold stakes in the country's television stations, Information Minister Mohamed Rahmat said yesterday.Mohamed also accused some foreign journalists of being politically motivated in their reporting on...
Wed, 13 May 1998
Freeport resettles 300 families
Freeport resettles 300 families JAYAPURA, Irian Jaya: Mining company PT Freeport has resettled 300 tribal families living in its operational areas in Tembagapura, to a settlement area in Timika.Freeport spokesman Mindo Pangaribuan claimed that the families were relocated because their villages were...
Wed, 13 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 11 to May 17: U.S dollar 1 Rp 8,040.50Austrian shilling 1 646.
Wed, 13 May 1998
Asian crisis to be protracted: WB
Asian crisis to be protracted: WB SINGAPORE (AP): Experts who thought the Asian financial crisis would be short lived are now predicting it will be "painful and protracted," a regional World Bank official said yesterday, as he urged regional bankers and governments to restructure, reform and open...
Wed, 13 May 1998
Sutiyoso bows under pressure over fuel tax
Sutiyoso bows under pressure over fuel tax JAKARTA (JP): Governor Sutiyoso buckled under pressure yesterday over his unpopular plan to impose a 5 percent tax on fuels, which have risen up to 71 percent.
Wed, 13 May 1998
RI shuttlers confident of retaining cups
RI shuttlers confident of retaining cups JAKARTA (JP): With all preparations having been completed at full strength, only bad luck will stop Indonesia from retaining the biannual Thomas and Uber Cups, according to the team manager.
Wed, 13 May 1998
BI net int'l reserves increase to $14.59b
BI net int'l reserves increase to $14.59b JAKARTA (JP): Bank Indonesia's net international reserves as of May 8 totaled US$14.59 billion, an increase of $276.3 million from $14.31 billion the previous week.
Wed, 13 May 1998
Exporters urge BI to facilitate L/C process
Exporters urge BI to facilitate L/C process JAKARTA (JP): The government must take prompt action in solving difficulties faced by importers in opening letters of credit (L/C) at local banks, a top official of an export-oriented industry association said.Anton J.
Wed, 13 May 1998
Two organizations reject Soewardi
Two organizations reject Soewardi SEMARANG, Central Java: The provincial branch office of the Association of Indonesian Moslem Intellectuals (ICMI) protested Soewardi's renomination as governor for the 1998/2003 term, saying he did not have an exemplary leadership record.
Wed, 13 May 1998
Bali's tourist sector fears dengue outbreak
Bali's tourist sector fears dengue outbreakBy Sutha Sastradhinata DENPASAR (Antara): The country's tourist industry is trying desperately to fend off the stinging blows from unfavorable international media reports.
Wed, 13 May 1998
Pertamina called on to explain Balongan refinery problems
Pertamina called on to explain Balongan refinery problems JAKARTA (JP): State oil and gas company Pertamina should explain the reasons behind chronic production problems at its US$2 billion Balongan refinery in West Java, an energy analyst said yesterday.
Wed, 13 May 1998
Public donates 248 kg of gold to govt
Public donates 248 kg of gold to govt JAKARTA (JP): The government has collected 248.01 kilograms of gold from public in a fund-raising drive since Jan. 20, the finance ministry announced yesterday.Ministry spokesman Hadiyanto said Rp 10.53 billion (US$1.
Wed, 13 May 1998
Singaporean gets 7 years in jail
Singaporean gets 7 years in jail TANGERANG (JP): A Singaporean was sentenced by Tangerang District Court yesterday to seven years in jail and ordered to pay Rp 50 million for attempting to smuggle 14,840 Ecstasy pills through Soekarno-Hatta International Airport.
Wed, 13 May 1998
Estrada heads for crushing victory: Survey
Estrada heads for crushing victory: Survey MANILA (Reuters): A voter survey released by one of the Philippines' few trusted pollsters yesterday showed ex-actor Joseph Estrada headed for a crushing victory in the country's presidential election.