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Wed, 06 May 1998
Palm oil prices up on news of riots
Palm oil prices up on news of riots LONDON (Reuters): Tight supplies and concern over escalating riots in Indonesia triggered a surge in crude palm oil prices at the opening of the European vegetable oil market yesterday.
Wed, 06 May 1998
Financial market give cool response to IMF package
Financial market give cool response to IMF package JAKARTA (JP): Indonesia's financial market responded coolly yesterday to the long-waited approval for the disbursement of the International Monetary Fund's second US$1 billion tranche to Indonesia.
Wed, 06 May 1998
Man mobbed to death
Man mobbed to death JAKARTA (JP): An alleged motorcycle thief was beaten to death by an angry mob in Kalideres, West Jakarta, Sunday night, police said yesterday.The victim, Mat Syamsuri, 21, died of severe injuries all over his body, while his accomplice, Ismail Saleh, 21, was saved by police...
Wed, 06 May 1998
House to summon minister over fuel price increases
House to summon minister over fuel price increases JAKARTA (JP): The House of Representatives (DPR) will summon Minister of Mines and Energy Kuntoro Mangkusubroto over the government's decision to increase fuel and electricity prices.
Wed, 06 May 1998
Four injured in Klender train crash
Four injured in Klender train crash JAKARTA (JP): Four people were injured in a train crash at Klender, East Jakarta, Monday night, railway officials said yesterday.The crash at about 9:30 p.m. involved an Argo Lawu executive train plying Jakarta-Surakarta route and a freight train heading for...
Wed, 06 May 1998
BG finds gas in Indonesia
BG finds gas in Indonesia LONDON (Reuters): BG Exploration & Production Ltd, a subsidiary of BG Plc announced yesterday it had made three gas discoveries in the Muturi block, offshore Irian Jaya in Indonesia.
Wed, 06 May 1998
'Container shortage worsening'
'Container shortage worsening' SINGAPORE (Dow Jones): Rubber traders in Indonesia, the world's second-largest natural rubber producer after Thailand, said yesterday they are increasingly concerned about the lack of containers to ship the commodity.
Wed, 06 May 1998
Paul looking to defend his drag race lead
Paul looking to defend his drag race lead JAKARTA (JP): Canadian Robert Paul hopes to defend his lead in this year's national drag race series with a win in the series' second leg at Sentul, near Bogor, on May 10."I will do my best to defend the 11.
Wed, 06 May 1998
Dengue fever claims 29 lives
Dengue fever claims 29 lives TANGERANG (JP): Twenty-nine of the 979 people admitted to the Tangerang General Hospital with dengue fever between Jan. 1 and May 1, died, a hospital official said yesterday.
Wed, 06 May 1998
Basic commodity prices set to increase today
Basic commodity prices set to increase today JAKARTA (JP): Prices of essential commodities, especially foodstuffs, are set to skyrocket yet again today following steep increases in fuel, traders said yesterday.
Wed, 06 May 1998
Lonsum's net profit down 5%
Lonsum's net profit down 5% JAKARTA (JP): PT PP London Sumatra Indonesia (Lonsum), a publicly listed plantation firm, reported yesterday a 5 percent decrease in net profit to Rp 76.62 billion (US$9.6 million) in 1997 over the previous year.
Wed, 06 May 1998
Fuel price hikes 'a potential cause of political instability'
Fuel price hikes 'a potential cause of political instability' JAKARTA (JP): Several observers warned yesterday that Monday's government decision to raise fuel and electricity prices amidst the economic hardships faced by the people and strong demands for reform, could be a potential source of...
Wed, 06 May 1998
Govt to help out 400,000 needy university students
Govt to help out 400,000 needy university students JAKARTA (JP): The government will provide a special scholarship fund to assist more than 400,000 cash-strapped university students nationwide to continue their studies.
Wed, 06 May 1998
UK media out to 'get' Malaysia
UK media out to 'get' Malaysia KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad said yesterday that the British press wanted to "frustrate" Malaysia in the name of press freedom by writing adverse reports about the country."We know that these people have got ill-will towards us.
Wed, 06 May 1998
Conference call
Conference call I wish to pinpoint a minor typing error which may confuse your readers in the article, Can UN direct disarmament?, which I coauthored, in your newspaper editions of May 4 and May 5 respectively.
Wed, 06 May 1998
ABRI learns retail business
ABRI learns retail business JAKARTA (JP): About 120 personnel from the Armed Forces' cooperatives in Jakarta, Tangerang and Bekasi are taking part in a two-week management course here.The course, opened Monday by Jakarta Military Command Chief of Staff Brig. Gen.
Wed, 06 May 1998
Small, medium cigarette factories on the brink of bankruptcy
Small, medium cigarette factories on the brink of bankruptcyBy Ahmad Solikhan, Tedy Novan and Abu Ibrahim YOGYAKARTA (JP): Ponirah, a 65-year-old cigarette roller obviously got deep satisfaction every time she puffed on her klobot (tobacco wrapped in a corn leaf) cigarette during her lunch break...
Wed, 06 May 1998
Businessman found dead
Businessman found dead JAKARTA (JP): A 63-year-old businessman was found dead with a shawl tied around his neck in a boardinghouse on Jl. Angkasa Dalam I in Central Jakarta yesterday, police said.The body of Djuwardi Giyanto had began to decompose.
Wed, 06 May 1998
ASX, JSX to hold seminar
ASX, JSX to hold seminar JAKARTA (JP): The Australian Stock Exchange (ASX) and the Jakarta Stock Exchange (JSX) will cosponsor a one-day seminar to be held at the JSX building Thursday.The Australian Embassy said in a statement yesterday that the seminar would focus on providing practical advice to...
Wed, 06 May 1998
C. Kalimantan short on teachers
C. Kalimantan short on teachers PALANGKA RAYA, Central Kalimantan: Central Kalimantan is in dire need of 7,125 elementary school teachers, an official at the provincial office of the Ministry of Education and Culture said yesterday.
Wed, 06 May 1998
UK minister due here today
UK minister due here today JAKARTA (JP): British Chancellor of the Exchequer Gordon Brown is expected to arrive here today for a one-day visit.Brown, who is also the chairman of the Group of Seven (G-7) finance ministers and of the European Union's Economic and Finance Council, is expected to call...
Wed, 06 May 1998
Dozens injured in student protests over fuel price rises
Dozens injured in student protests over fuel price rises JAKARTA (JP): Clashes between students and security personnel across the country yesterday again resulted in injuries to dozens of protesters, including one who was shot in Ujungpandang, South Sulawesi, when police fired warning shots at...
Wed, 06 May 1998
BI's net domestic assets valued at minus Rp 37.70t
BI's net domestic assets valued at minus Rp 37.70t JAKARTA (JP): Bank Indonesia's net domestic assets as of May 1 were valued at minus Rp 37.70 trillion, indicating a monetary expansion of Rp 862 billion against the level in the previous week.
Wed, 06 May 1998
Nova Sumatra to operate gas pipeline in Sumatra
Nova Sumatra to operate gas pipeline in Sumatra SINGAPORE (Dow Jones): Nova Gas International Ltd., a wholly owned unit of Canada's Nova Corp. has won a contract to operate and maintain a natural gas pipeline currently under construction in Sumatra by Indonesian state gas utility PT Perusahaan Gas...
Wed, 06 May 1998
Bankruptcy Law ushers in new era
Bankruptcy Law ushers in new era JAKARTA (JP): The recently enacted Bankruptcy Law marks a fundamental change in the country's commercial legal system, lawyers said here yesterday."This is a breakthrough, a new era for creditors since many of them have suffered losses due to debtors who failed to...
Wed, 06 May 1998
Cigarette factories contribute to development efforts
Cigarette factories contribute to development effortsBy Tedy Novan, Ahmad Solikhan and Angger Jatiwijaya KUDUS, Central Java (JP): Passing through this town, we get the sensation of entering a large area full of billboards.
Wed, 06 May 1998
Is there any end to student demos?
Is there any end to student demos? Despite President Soeharto giving the green light for initial reforms, demonstrations continue unabated at universities across the country. Political science professor Ryaas Rasyid of the state National Institute of Administration discusses why the students have...
Wed, 06 May 1998
Indonesia, Australia and overcoming the Asian crisis (3)
Indonesia, Australia and overcoming the Asian crisis (3) This is the third of three articles based on former Australian prime minister Paul J. Keating's lecture at the University of New South Wales in March on the impact of the Asian economic crisis on the region in his capacity as visiting...
Wed, 06 May 1998
New funds considered no gauge of confidence
New funds considered no gauge of confidence JAKARTA (JP): The injection of funds from outside agencies may help soothe the country's economic hardships but it will take much more to restore badly dented confidence in the country, economists said yesterday.
Wed, 06 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 5, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 600 0 5,000 AHAP Insurance 500 0 0 Alter Abadi 950 -25 806,000 Alumindo Light Metal 350 0 56,000 Alumindo...
Wed, 06 May 1998
House to initiate reform through legislative action
House to initiate reform through legislative action JAKARTA (JP): The House of Representatives (DPR) made a surprising and rare decision yesterday to initiate reforms through the review of key political, economic and legal legislation.
Wed, 06 May 1998
Doc claims to have cancer beater
Doc claims to have cancer beater PADANG, West Sumatra: An expert on animal nutrition claimed yesterday that he had engineered a traditional West Sumatran food into a potential cancer preventive and cholesterol diluter.Dr. Ir.
Wed, 06 May 1998
Garuda and Pos ink deal
Garuda and Pos ink deal JAKARTA (JP): State-owned postal service company PT Pos Indonesia has agreed to use state-owned airline Garuda Indonesia to transport its postal products at home and overseas.Under the agreement signed in Bandung Monday, the postal company also encouraged its employees and...
Wed, 06 May 1998
Rains washing away the smog
Rains washing away the smog SINGAPORE (Reuters): Southeast Asia's air quality has improved in the last week as rains have doused forest fires across Indonesia, a regional tourism body said yesterday.The ASEAN National Tourism Organizations said skies over Brunei, Indonesia, Malaysia and Singapore...
Wed, 06 May 1998
Indonesian juniors book 1st wins at world tourney
Indonesian juniors book 1st wins at world tourney JAKARTA (JP): Local boys and girls clinched easy wins on the first day of the Asia/Oceania World Junior qualifying tournament at the Senayan tennis complex yesterday.
Wed, 06 May 1998
Excessive interest rate
Excessive interest rate Bank Internasional Indonesia (BII) increased interest on its loans from 19 percent to 30 percent under the housing loan (KPR) scheme. It has now further increased the rate to 50 percent.This has aggravated its customers' problems in the current economic crisis.
Wed, 06 May 1998
INACA raises airfares by 37% after fuel hike
INACA raises airfares by 37% after fuel hike JAKARTA (JP): The government has approved an Indonesian National Air Carriers Association (INACA) proposal for a 37 percent increase in airfares, following the steep hike in fuel prices.
Wed, 06 May 1998
Protests in Medan turning brutal: Military
Protests in Medan turning brutal: Military MEDAN (JP): Student demonstrations, which led to riots here Monday night, have become progressively more violent and racial in nature with increased incidents of looting and the burning of private property, a high-ranking military officer said yesterday.
Wed, 06 May 1998
Hanoi optimistic on islands' row
Hanoi optimistic on islands' row HANOI (Reuters): Communist Party General Secretary Le Kha Phieu said yesterday he believed Vietnam and China could reach a settlement over disputed islands in the South China Sea.
Wed, 06 May 1998
OPEC basket price rises
OPEC basket price rises LONDON (Reuters): The price of OPEC's basket of seven crudes rose to US$13.62 a barrel on Monday from $13.24 the previous day, the OPEC news agency said quoting the OPEC Secretariat.
Wed, 06 May 1998
Indriyani accepts delayed bonus
Indriyani accepts delayed bonus JAKARTA (JP): Indonesian weightlifter Sri Indriyani received a delayed 19th SEA Games bonus yesterday.The reward, a house worth Rp 50 million, was symbolically handed over to her by State Minister of Youth Affairs and Sports Agung Laksono.
Wed, 06 May 1998
On East Timor issue
On East Timor issue I thank John Hargreaves for his comments East Timor issue published in The Jakarta Post May 2 on my article (UN statement good deal for RI, April 25). He is correct in asserting that the UN Commission on Human Rights is not the forum to settle the East Timor question.Mr.
Wed, 06 May 1998
Drivers strike over confusion about new fares
Drivers strike over confusion about new fares JAKARTA (JP): Hundreds of Angkot public minivan drivers went on strike yesterday here and in Tangerang, apparently in confusion over the new tariffs they are allowed to charge following the government's decision to increase fuel prices by up to 71...
Wed, 06 May 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 5, 1998: Buying Selling Rp Rp U.S dollar 1 7,750.00 8,500.00Austrian shilling 1 587.10 703.00Australian dollar 1 4,853.90 5,422.50Belgian franc 1 207.50 230.90Canadian dollar 1 5,288.00 5,875.
Wed, 06 May 1998
Regional soil study workshop opened
Regional soil study workshop opened BOGOR, West Java: RTM Sutamihardja, special assistant to the minister of environment, yesterday opened a regional training workshop on the impacts of global soil changes.
Wed, 06 May 1998
Rp 1t allocated for labor projects
Rp 1t allocated for labor projects JAKARTA (JP): The Ministry of Manpower has allocated almost Rp 1 trillion (US$125 million) to employ jobless people in labor intensive programs in all 27 provinces.Minister of Manpower Theo L.
Wed, 06 May 1998
Keep violence at bay
Keep violence at bay Although the deepening of the feeling of popular dissatisfaction that has come in the wake of Monday's fuel price hike was more or less expected, a word of concern is appropriate at this point regarding the turn which developments appear to be taking.
Wed, 06 May 1998
Reforms are allowed
Reforms are allowed Now it is clear: there is nothing wrong with the idea that reforms are a necessity. President Soeharto himself, as stated by Minister of Home Affairs Hartono and Minister of Information Alwi Dahlan in their clarification of the President's earlier remarks, has opened the door to...
Wed, 06 May 1998
Beauty of mind, not body, begets appeal
Beauty of mind, not body, begets appealBy Yogita Tahil Ramani JAKARTA (JP): Many women would likely reject the idea that today's woman is incapable of handling everything alone.But the director of the Indonesian franchisee of The Body Shop, Suzy Hutomo, psychologist Niniek L.
Wed, 06 May 1998
PT PLN to lose $287m despite rate increase
PT PLN to lose $287m despite rate increase JAKARTA (JP): State electricity company PLN projects a loss of Rp 2.3 trillion (US$287 million) this year despite the huge increase in electricity tariffs, the company said yesterday.