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Wed, 13 May 1998
League matches may be stopped, PSSI warns
League matches may be stopped, PSSI warns JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) will suspend the league program due to the worsening political situation only if requested to do so by the Armed Forces Commander.
Wed, 13 May 1998
Bankers Trust plans $1b SEA fund
Bankers Trust plans $1b SEA fund SINGAPORE (Reuters): Bankers Trust Corp said yesterday it planned a US$1 billion private investment fund to take equity stakes in Southeast Asian companies."The target of the fund would be approximately $1 billion," Bankers Trust executive vice president Rodney...
Wed, 13 May 1998
King's lyrics plead for tenderness
King's lyrics plead for tendernessBy Marieke van Heek JAKARTA (JP): The enormous power of Diana King's beautiful deep voice filled Hard Rock Cafe Thursday night.Famous for singing I Say a Little Prayer from the soundtrack of the movie My Best Friend's Wedding, King performed here as part of her...
Wed, 13 May 1998
BHP's RI boss promoted
BHP's RI boss promoted SYDNEY (Reuters): Australia's The Broken Hill Pty Co Ltd (BHP) said yesterday it had appointed its Southeast Asia general manager Colin Smith as group general manager and vice-president of BHP Titanium Minerals.
Wed, 13 May 1998
Stock prices, rupiah fall on political concern
Stock prices, rupiah fall on political concern JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) lost nearly one percent and the rupiah fell further, closing at Rp 9,300 to the U.S. dollar, as anti-government protests continued yesterday.
Tue, 12 May 1998
USAID, WB, ADB extend grant to PLN
USAID, WB, ADB extend grant to PLN JAKARTA (JP): The United States Agency for International Development (USAID), the World Bank and the Asian Development Bank (ADB) have extended a grant to the government to help the state-owned electricity company PLN renegotiate with its power contractors.
Tue, 12 May 1998
Canadian Paul wins second leg of Indonesian drag race
Canadian Paul wins second leg of Indonesian drag race JAKARTA (JP): Canadian Robert Paul of the Star Mild team won the second leg of the national drag race at Sentul, near Bogor, on Sunday.Paul, driving his Holden Torana, clocked 11.502 seconds, bettering his 11.
Tue, 12 May 1998
Political woes may foil stocks
Political woes may foil stocks JAKARTA (JP): Stocks on the Jakarta Stock Exchange (JSX) are likely to remain under heavy selling pressure this week due to the country's heated political developments and high interest rates, stockbrokers and analysts said.
Tue, 12 May 1998
Soemitro buried with military honors
Soemitro buried with military honors JAKARTA (JP): Gen. (ret) Soemitro, the former commander of a defunct internal security agency, was buried at Kalibata Heroes Cemetery, South Jakarta, with full military honors yesterday in the presence of top military brass.
Tue, 12 May 1998
WTO sees boom in Asia
WTO sees boom in Asia LONDON (Dow Jones): Renato Ruggiero, director-general of the World Trade Organization, said Saturday he anticipates an export boom in 1998 in those countries hit hardest by the Asian financial crisis.
Tue, 12 May 1998
Auto expo features antique cars, parts
Auto expo features antique cars, parts JAKARTA (JP): Thousands of car and motorcycle enthusiasts flocked to an automotive exhibition at the Gelora Senayan sports stadium on Saturday and Sunday.At least 25 booths offered new or used parts at discounted prices, while others offered new and secondhand...
Tue, 12 May 1998
Indonesia's juniors book tickets to world tennis meet
Indonesia's juniors book tickets to world tennis meet JAKARTA (JP): The nation's junior tennis players bagged berths in the final of the World Junior Tennis Championships in Nagoya, Japan, next August in the closing matches of the qualifying event of the Asia/Oceania zone here Sunday.
Tue, 12 May 1998
Asian stock markets rise, but Seoul key index dives
Asian stock markets rise, but Seoul key index dives HONG KONG (AP): Most Asian stock markets rose yesterday, but Seoul's key index slumped 3.5 percent because investors were disappointed that President Kim Dae-jung did not announce any measures against rising unemployment.
Tue, 12 May 1998
Software industry a vital player in SE Asia economies
Software industry a vital player in SE Asia economies JAKARTA (JP): Higher employment, more skilled workers. Increased fiscal revenues in direct and indirect taxes. Superior global competitive advantage.
Tue, 12 May 1998
Fire destroys 'TVRI' building and studio
Fire destroys 'TVRI' building and studio JAKARTA (JP): A fire destroyed a broadcasting studio inside the state-owned TVRI television station compound on Jl. Gerbang Pemuda in Senayan, Central Jakarta, on Sunday night, causing about Rp 15 billion in material losses.
Tue, 12 May 1998
Police catch three wanted for killing of taxi driver
Police catch three wanted for killing of taxi driver JAKARTA (JP): The city police apprehended three people yesterday for their alleged involvement in the killing of a taxi driver on the Cikampek toll road several hours earlier, an officer said.City police spokesman Lt. Col.
Tue, 12 May 1998
Returned activist vows to testify at YLBHI office
Returned activist vows to testify at YLBHI office JAKARTA (JP): Activist and lawyer Desmond J. Mahesa, who was released after being abducted by an unknown group, is in Jakarta and has vowed to reveal all today.
Tue, 12 May 1998
Millions of students may quit school
Millions of students may quit school BOGOR, West Java (JP): About eight million elementary and junior high school students across the country may have to drop out of school of because of the prolonged economic crisis.
Tue, 12 May 1998
Where to go in Bandung:
Where to go in Bandung:exhibitions * 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. * Painting exhibition: Seni Membawa Kasih, at Galeri Bandung, Jl.
Tue, 12 May 1998
VDHI's net profit rises 4.77%
VDHI's net profit rises 4.77% JAKARTA (JP): Publicly listed plastic and flexible packaging manufacturer PT Van Der Horst Indonesia (VDHI) reported a 4.77 percent increase in net profit last year, to Rp 1.88 billion (about US$235,000) from Rp 1.79 billion the previous year.
Tue, 12 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:45 TV Series: The Big Valley 3:05 Children's Program: Tunas 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 (in...
Tue, 12 May 1998
Funds shun Asian shares
Funds shun Asian shares LONDON (Reuters): Asia Pacific fund managers are less bullish about the outlook for Asian shares, according to a monthly Merrill Lynch survey released yesterday.Bears on the Indonesian market outnumber bulls by 50 percent, while bears on Malaysia hit 64 percent, according to...
Tue, 12 May 1998
Desperate move
Desperate move Bank Indonesia (BI) raised its benchmark interest rates across the board again to as high as 58 percent last Thursday in another concerted bid to rebuild confidence in the rupiah and to curb inflation, which has exceeded 33 percent in the last four months alone.
Tue, 12 May 1998
Yogyakartans deplore onlooker's death
Yogyakartans deplore onlooker's death YOGYAKARTA (JP): Friends and family buried Mozes Gatotkaca, who died during a clash between students and security forces, on Sunday and called for a stop to the harsh measures against student protesters.
Tue, 12 May 1998
JFN denies suspension
JFN denies suspension JAKARTA (JP): PT Jardine Fleming Nusantara (JFN) has denied reports its local brokerage and underwriting licenses have been suspended by the Capital Market Supervisory Agency (Bapepam).
Tue, 12 May 1998
Amal wins students' heart
Amal wins students' heartBy Asip Agus Hasani YOGYAKARTA (JP): Political scientist Ichlasul Amal rose up to the first test of his leadership when he met hundreds of students demonstrating for reform on the day he was installed as rector of Gadjah Mada University on March 23.
Tue, 12 May 1998
Free deworming tablets in W. Java
Free deworming tablets in W. Java BANDUNG: Over a million elementary school children in West Java will be given free deworming medicine over the next year.The provincial administration's spokesman, Hasymi Romly, said Governor Nuriana had stressed the importance of deworming, since worms could...
Tue, 12 May 1998
Asian palm oil marts wary over riots
Asian palm oil marts wary over riots KUALA LUMPUR (Reuters): Asian palm oil traders are expected this week to keep a close watch on the turmoil in Indonesia, traders said.The outlook for the Indonesian market was uncertain amid outbreaks of violence in Medan, a key commodity trading city in North...
Tue, 12 May 1998
UGM alumni sells subsidized meals
UGM alumni sells subsidized meals YOGYAKARTA: The Gadjah Mada University (UGM) alumni association is selling low-cost lunches to the public at a price of just Rp 400.Not surprisingly, the association's secretariat on Jl.
Tue, 12 May 1998
Balindo holds first property auction
Balindo holds first property auction JAKARTA (JP): Private auction company PT Balai Lelang Indonesia (Balindo) held its first property auction Friday, selling off houses, office buildings and land worth over Rp 20 billion (US$2.2 million).Balindo's managing director G.
Tue, 12 May 1998
Myanmar uses Thai satellite
Myanmar uses Thai satellite BANGKOK (AP): Myanmar is dumping Hong Kong's Asiasat-1 satellite for its local communications system and replacing it with ThaiCom-3 from Shinawatra of Thailand, the state-run New Light of Myanmar reported yesterday.
Tue, 12 May 1998
Jakarta hails progress in debt talks with creditors
Jakarta hails progress in debt talks with creditors TOKYO (Reuters): Indonesia's Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said yesterday that the Southeast Asian nation achieved much progress with creditor banks during talks here to resolve its corporate debt...
Tue, 12 May 1998
Dengue epidemic may be lessening
Dengue epidemic may be lessening JAKARTA (JP): The dengue fever epidemic, which has claimed at least 78 lives in Jakarta in less than five months, is showing signs of abating, a senior government official says.
Tue, 12 May 1998
Construction worker falls to death
Construction worker falls to death JAKARTA (JP): A construction worker fell to his death from the 15th floor of Permata Executive Apartment project in Kebon Jeruk, West Jakarta, on Friday.The victim, identified only as Sri, 40, apparently stepped on a unstable board on the roof structure of the...
Tue, 12 May 1998
Principal committed to Indonesian market
Principal committed to Indonesian market JAKARTA (JP): Iowa-based pension fund company Principal Financial Group says it is committed to Indonesia's long-term prospects despite the current crisis.The company's president, J.
Tue, 12 May 1998
Indonesia backs IMF plan, but risks persist
Indonesia backs IMF plan, but risks persist WASHINGTON (Reuters): Indonesia's finance minister said here over the weekend Indonesia would stick to the terms of a loan agreement with the International Monetary Fund, learning to live without subsidies despite the pain they bring.
Tue, 12 May 1998
Maternal mortality
Maternal mortality "It's like a jumbo jet full of women crashing down every week, but nobody hears of it, no one makes a fuss."This comment was made by Dr. Kumara Rai, the director general of community health, at a luncheon with the theme Businesses who care.
Tue, 12 May 1998
Malaysia loans Indonesia $250 million
Malaysia loans Indonesia $250 million KUALA LUMPUR, Malaysia (AP): Malaysia has loaned Indonesia US$250 million while Jakarta waited for the next installment of its IMF bailout package, Prime Minister Mahathir Mohamad was quoted as saying by the national news agency yesterday.
Tue, 12 May 1998
Hesitant reform proposal
Hesitant reform proposal All of a sudden (the ruling party) Golkar has broken its silence. Amid the endless roar of demonstrations and mass action, Golkar's chairman, who is concurrently the paramount leader of both the House of Representatives and the People's Consultative Assembly, Harmoko, spoke...
Tue, 12 May 1998
ABRI urged to join reform movement
ABRI urged to join reform movement JAKARTA (JP): A group of retired generals and government critics appealed to the Armed Forces (ABRI) on Saturday to join the growing movement for political reform.The group said in a meeting that the reform movement would not be successful without the Armed...
Tue, 12 May 1998
Minivan fares up in Bogor
Minivan fares up in Bogor BOGOR (JP): The Bogor mayoralty has decided to increase public minivan fares by at least 50 percent, from Rp 300 to between Rp 450 and Rp 500, an official said over the weekend.
Tue, 12 May 1998
'People's leadership team' to push demands for reform
'People's leadership team' to push demands for reform JAKARTA (JP): Vocal government critic Amien Rais warned yesterday that a coalition of leading public figures, or a "people's leadership team", would be formed by the end of the month to push demands for reform.
Tue, 12 May 1998
Rupiah's response satisfactory: Sjahril
Rupiah's response satisfactory: Sjahril TOKYO (Dow Jones): The rupiah's response to Friday's increase in interest rates on all maturities of Sertifikat Bank Indonesia money market instruments was satisfactory, and the central bank stands ready to adjust interest further if needed to stabilize...
Tue, 12 May 1998
Nestle's warehouse center
Nestle's warehouse center JAKARTA (JP): Food company PT Nestle Indonesia is developing a high-tech regional distribution center in East Java in anticipation of the fast growth of its product market in the country.The 18,000-square-meter modern warehouse on 6.
Tue, 12 May 1998
PWI issues special ID cards
PWI issues special ID cards BANDA ACEH, Aceh: The Aceh branch of the Indonesian Journalists Association (PWI) issued special identification cards yesterday for reporters covering student demonstrations in the province.
Tue, 12 May 1998
Perumka raises fares for noneconomy trains
Perumka raises fares for noneconomy trains JAKARTA (JP): State-owned railway company Perumka has increased business and executive class fares by between 41.5 percent and 100 percent from today, following last weeks government backed increases in the fares for other forms of public transportation.
Tue, 12 May 1998
Soeharto warns of crisis contagion
Soeharto warns of crisis contagionBy Kornelius Purba CAIRO (JP): President Soeharto said yesterday that Asia's economic crisis could endanger not only the region's social welfare and political stability but could also spread to other continents.
Tue, 12 May 1998
Economic crisis take toll on fresh graduates
Economic crisis take toll on fresh graduates JAKARTA (JP): The 10 month-old economic crisis is taking its toll on new graduates from the prestigious Catholic Atmajaya University, a college official said on Saturday.
Tue, 12 May 1998
G-7 tells Indonesia to use restraint over social unrest
G-7 tells Indonesia to use restraint over social unrest LONDON (Dow Jones): The Group of Seven (G-7) industrialized nations on Saturday signaled their mounting concern over civil unrest in Indonesia, and the need for the government to stay on the course of economic reforms.
Tue, 12 May 1998
Dedicated worker fights for justice
Dedicated worker fights for justice JAKARTA (JP): Joko, a 51-year-old father of four, has been roving around not knowing what else to do to feed his family after he lost his job in a furniture company in Tanah Abang last month.