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Sat, 09 May 1998
Business tremors may make L/C guarantee futile
Business tremors may make L/C guarantee futile JAKARTA (JP): Drained confidence in the domestic economy and business sector may undermine the workability of the billion- dollar letter of credit guarantee available from the country's major trading partners, importers said yesterday.
Sat, 09 May 1998
Syarwan says nation on brink of collapse
Syarwan says nation on brink of collapse JAKARTA (JP): House of Representatives (DPR) Deputy Speaker Syarwan Hamid said yesterday the nation could collapse altogether if it failed to carry out political reform.
Sat, 09 May 1998
Bambang resigns from VDH
Bambang resigns from VDH SINGAPORE (Reuters): Infrastructure engineering firm Van Der Horst (VDH) said yesterday that President Soeharto's second son Bambang Trihatmodjo had resigned as a director.Bambang remained a substantial shareholder with a deemed interest of 6.
Sat, 09 May 1998
Naharuddin leads RI boys to semis
Naharuddin leads RI boys to semis JAKARTA (JP): Naharuddin was the unlikely hero of the Indonesian boys' team when it outlasted stubborn South Korea 2-1 to reach the semifinals of the World Junior Tennis Championship Asia/Oceania qualifier yesterday.
Sat, 09 May 1998
Falls, comebacks mark trading in Asian markets
Falls, comebacks mark trading in Asian markets HONG KONG (AP): Asian stock markets ended the week generally mixed yesterday, with share prices tumbling in South Korea but rebounding both in Tokyo and Hong Kong.
Sat, 09 May 1998
PAL-Garuda joint flights
PAL-Garuda joint flights MANILA (Dow Jones): Philippines Airlines Inc. (PAL) said yesterday it has started joint services with two regional carriers, PT Garuda Indonesian Airways and Vietnam Airlines.PAL said it had started code-sharing arrangements with Garuda on Manila-Jakarta flights, and with...
Sat, 09 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 8, 1998: Buying Selling Rp Rp U.S. dollar 1 8,500.00 9,400.00Austrian shilling 1 695.00 786.70Australian dollar 1 5,697.00 6,016.00Belgian franc 1 245.80 258.50Canadian dollar 1 6,250.
Sat, 09 May 1998
PT Jamsostek denies land and financial scandals
PT Jamsostek denies land and financial scandals JAKARTA (JP): State-owned social security company PT Jamsostek strongly denied reports yesterday of alleged rampant corruption at the company.The firm's finance director, Ackmal Husen, told The Jakarta Post that his company was open to any...
Sat, 09 May 1998
Europe-Asia ties to be closer than ever
Europe-Asia ties to be closer than ever Although formal cooperation between the European Union (EU) and Asia only began to take shape in the 1970s, when the EU sought to strengthen its links with the Association of Southeast Asian Nations (ASEAN), the two regions have been closely connected for...
Sat, 09 May 1998
OPEC crude falls to $13.15
OPEC crude falls to $13.15 LONDON (Reuters): The price of OPEC's basket of seven crudes eased to US$13.15 a barrel yesterday from $13.24 on Wednesday, the OPEC news agency said quoting the OPEC Secretariat.
Sat, 09 May 1998
Mob beats thug to death
Mob beats thug to death JAKARTA (JP): A man was beaten to death Wednesday by an angry mob while reportedly trying to extort money from a group of people near Kalideres bus terminal, West Jakarta, police said.
Sat, 09 May 1998
Deposit interest rates reach 62.5% per annum
Deposit interest rates reach 62.5% per annum JAKARTA (JP): Domestic commercial banks have raised interest rates to as high as 62.5 percent per annum for one-month deposits following the central bank's increase in promissory note (SBIs) rates Wednesday.
Sat, 09 May 1998
Book bazaar at Taman Ria Senayan
Book bazaar at Taman Ria Senayan JAKARTA (JP): A book bazaar will be held at Taman Ria Senayan recreation park, Central Jakarta, tomorrow and Monday, to commemorate National Education Day.The bazaar is being co-organized by the park management, the mobile library of Pustaka Kelana Foundation and...
Sat, 09 May 1998
Toyota's sales rise 100 percent in April
Toyota's sales rise 100 percent in April JAKARTA (JP): PT Toyota-Astra Motor (TAM) sold 2,287 cars last month, a 100 percent increase on March's figure, the company announced yesterday.TAM, the automotive division of publicly listed PT Astra Internasional, said in a statement that its total sales...
Sat, 09 May 1998
President must initiate reforms, Siswono says
President must initiate reforms, Siswono says JAKARTA (JP): A former aide of President Soeharto called for immediate total political reform with the President himself initiating the crucial first step.Former cabinet minister Siswono Yudohusodo said in a discussion with Jakarta-based political...
Sat, 09 May 1998
Howard urges caution over Indonesian riots
Howard urges caution over Indonesian riots CANBERRA (Reuters): Australian Prime Minister John Howard urged Indonesia yesterday to remain committed to its economic reforms, but to act with restraint in handling anti-government riots sparked by rising food prices.
Sat, 09 May 1998
Reform on national agenda
Reform on national agenda A momentous concept has been communicated by the Armed Forces (ABRI) leadership. ABRI, according to its chief commander Gen. Wiranto, perceives that the calls for reform vocalized by the students has been accepted by all of the nation's components as part of the national...
Sat, 09 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Study for Distance by Hanafi, at Galerie Focus, Jl. Kemang Selatan X B No. 3, South Jakarta, on Tuesday, Wednesday, Friday, Saturday, 2 p.m. to 5 p.m., until May 24.
Sat, 09 May 1998
Taxi drivers unwelcome fare hike
Taxi drivers unwelcome fare hike JAKARTA (JP): Governor Sutiyoso's endorsement of the taxi fare hike is not good news for taxi drivers, who are losing passengers in droves as the country sinks deeper into the economic mire.
Sat, 09 May 1998
Boat capsizes, killing four
Boat capsizes, killing four DILI, East Timor: Four people drowned Thursday evening when their boat capsized after hitting a rock during a heavy storm only 150 meters from Atauro island."All of the victims were women including a seven-month pregnant woman, Dominggas Belo.
Sat, 09 May 1998
ABRI team, rights body compare their findings
ABRI team, rights body compare their findings JAKARTA (JP): The Armed Forces (ABRI) fact-finding team investigating the abduction of activists met with the National Commission on Human Rights yesterday to compare notes and ask how it concluded that those missing were "forcibly abducted".
Sat, 09 May 1998
Student protests may spur the race for reform
Student protests may spur the race for reform Debate over political and economic reforms keeps on rolling, with the government asserting it has been doing this for a long time. Political analyst J. Soedjati Djiwandono , one who does not ascribe to the above view, argues that political reform cannot...
Sat, 09 May 1998
Navy to push for gender equality
Navy to push for gender equality JAKARTA (JP): The Navy will promote gender equality for top positions in the force, says an official.Rear Adm. Abu Hanifah, an assistant to the Navy chief of personnel affairs, said duties of strategic positions would be modified to accommodate the female nature.
Sat, 09 May 1998
PDI, unite!
PDI, unite! The Indonesian Democratic Party (PDI) chairman, Soerjadi, met recently with Minister of Home Affairs Hartono to report on the forthcoming PDI Congress that is scheduled for July 1998 and to request from the government security arrangement as well as funds to finance the event.
Sat, 09 May 1998
Retailers against planned bylaw for parking fee levy
Retailers against planned bylaw for parking fee levy JAKARTA (JP): The Indonesian Retailers' Association rejected yesterday the City Council's plan to prepare a bylaw authorizing the municipality to collect fees from the owners and managers of buildings with private parking lots.
Sat, 09 May 1998
Liberian arrested with 100 grams of heroin
Liberian arrested with 100 grams of heroin JAKARTA (JP): Police arrested a Liberian national allegedly involved in drug trafficking at Hotel Petamburan I, Central Jakarta, Thursday night.The suspect, Prince F.
Sat, 09 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 8, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 925 50 377,500 Alumindo Light Metal 300 0 3,500 Alumindo...
Sat, 09 May 1998
Insurance for RI gets green light
Insurance for RI gets green light WASHINGTON (Dow Jones): U.S. Export-Import Bank Chairman James Harmon said Thursday the bank was near-ready to go ahead with providing US$1 billion in short-term export credit insurance for Indonesia.
Sat, 09 May 1998
Crisis and friendship
Crisis and friendship When I was in Singapore for several weeks recently, I followed the news on the fate of Indonesian citizens trying to have a better life in our neighboring countries, namely Singapore and Malaysia, as a result of the major economic crisis in Indonesia.
Sat, 09 May 1998
ABRI to return to 'Dharma Pusaka 45'
ABRI to return to 'Dharma Pusaka 45'From Suara KaryaI recently came across a copy of Dharma Pusaka 45, published by the Ministry of Defense and Security in 1972. The book contains the results of the third seminar of the Army in 1972.
Sat, 09 May 1998
Asian currencies claw back after traumatic week
Asian currencies claw back after traumatic week SINGAPORE (Reuters): Asian currencies were trading quietly yesterday at the end of a traumatic week, with many managing to creep higher as traders covered short positions taken out during the past few days.
Sat, 09 May 1998
Concerns over unrest keep palm oil stable
Concerns over unrest keep palm oil stable LONDON (Reuters): Concerns over unrest in Indonesia served to keep the palm oil sector very firm in Europe yesterday, despite slightly bearish data from private forecaster Ivan Wong.
Sat, 09 May 1998
Australia may export rice to Indonesia
Australia may export rice to Indonesia SYDNEY (Reuters): Australia is negotiating its first major sales of rice to Indonesia in 20 years.With Indonesia's 1998 rice crop seriously depleted by El Nio- inspired drought, Australia was negotiating with the Indonesian government agency Bulog for first...
Sat, 09 May 1998
House demands fuel price hike review
House demands fuel price hike review JAKARTA (JP): The House of Representatives demanded yesterday that the government review the May 5 increases in the prices of fuel and electricity, calling the measures completely insensitive to the people already suffering enormously because of the economic...
Sat, 09 May 1998
Activists condemn harsh measures against students
Activists condemn harsh measures against students JAKARTA (JP): Human rights activists have condemned the government's harsh measures against widespread student demonstrations, which have increasingly resulted in bloody clashes.
Sat, 09 May 1998
$2.4b Paiton 1 power project going ahead
$2.4b Paiton 1 power project going ahead HONG KONG (Dow Jones): A U.S.-led consortium is going ahead with construction of a US$2.4 billion power project in Indonesia and isn't planning to renegotiate with the government over payment terms, a senior official at the U.S.
Fri, 08 May 1998
Kuntoro imposes 'high' power price for Freeport
Kuntoro imposes 'high' power price for Freeport JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto has set a price of 9 U.S. cents per kilowatt hour (kwh) for power generated by PT Puncakjaya Power for mining company PT Freeport Indonesia.
Fri, 08 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Tom and Jerry Kids 3:05 Music Lessons: Musik Karawitan 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 My Country: Rona...
Fri, 08 May 1998
Housewives aghast at price hikes
Housewives aghast at price hikes BOGOR (JP): Many housewives were shocked yesterday to find prices of essential commodities skyrocketing yet again following the increase in fuel prices Tuesday.Some said they wondered if their family income would be sufficient to make ends meet.
Fri, 08 May 1998
London insurers add Indonesia to war risks
London insurers add Indonesia to war risks LONDON (Reuters): A decision by London-based insurers to raise the cost of some insurance in Indonesia due to recent riots and demonstrations is not expected to have a big impact on business in the region, market sources said yesterday.
Fri, 08 May 1998
Lt. Gen. Soeyono given key post at defense ministry
Lt. Gen. Soeyono given key post at defense ministry JAKARTA (JP): Lt. Gen. Soeyono, the former Armed Forces Chief of General Affairs, was installed as secretary-general of the Ministry of Defense and Security yesterday.Minister of Defense and Security/Armed Forces (ABRI) Commander Gen.
Fri, 08 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 7, 1998: Buying Selling Rp Rp U.S. dollar 1 8,900.00 9,900.00Austrian shilling 1 739.90 835.60Australian dollar 1 6,035.60 6,368.00Belgian franc 1 261.70 274.50Canadian dollar 1 6,622.
Fri, 08 May 1998
Bulog maintains enough stocks
Bulog maintains enough stocks JAKARTA (JP): The State Logistics Agency (Bulog) said yesterday the country had sufficient stocks of important commodities, including rice, sugar, wheat flour and soybeans.Bulog chairman Beddu Amang said in a statement that the agency's stock of rice stood at 2.
Fri, 08 May 1998
Good reporting
Good reporting I am starting this letter with some good news. Having recently returned from a trip to the Bandung and Semarang areas, I could see that the recent fairly heavy rainfall, in various areas of Indonesia, is having a positive effect on our crops.
Fri, 08 May 1998
Ex-Pakistani PM urges Soeharto to hold dialog
Ex-Pakistani PM urges Soeharto to hold dialog JAKARTA (JP): A visiting former Pakistani leader yesterday suggested President Soeharto and other government officials hold direct dialogs with the people since the country's image had become badly tarnished by foreign media reports over student...
Fri, 08 May 1998
Jakarta hosts softball tourney
Jakarta hosts softball tourney JAKARTA (JP): The 15th annual Southeast Asia Slo-Pitch Softball Tournament takes to the field at the Senayan sports complex today.Minister of Sports and Youth Affairs Agung Leksono and U.S. Ambassador to Indonesia J.
Fri, 08 May 1998
Shuttlers warned of psychological warfare
Shuttlers warned of psychological warfare JAKARTA (JP): President Soeharto addressed the national Thomas Cup and Uber Cup badminton teams yesterday, cautioning them to be psychologically ready for the way the foreign media reported events in Indonesia.
Fri, 08 May 1998
Solutions to 'minority' issues are a two-way street
Solutions to 'minority' issues are a two-way streetBy Mochtar Buchori JAKARTA (JP): "If an Indonesian of Chinese descent converts to Islam, can he or she forget his or her Chineseness?"This question was asked by a native Indonesian Moslem in a seminar discussing minority problems in Indonesia,...
Fri, 08 May 1998
CPO active in Europe
CPO active in Europe LONDON (Reuters): Concern over unrest in Indonesia and sharp gains on the Malaysian palm oil futures market triggered active trade in the palm oil sector of the European vegetable oils market, traders said.
Fri, 08 May 1998
Central bank again raises SBI rates to stabilize rupiah
Central bank again raises SBI rates to stabilize rupiah JAKARTA (JP): Bank Indonesia (BI) raised its benchmark short- term promissory notes (SBIs) again for all maturities by a range of 4 to 12 percentage points yesterday to stabilize the rupiah and ease inflationary pressures.