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Fri, 29 May 1998
Regional grains market still waiting for RI L/Cs
Regional grains market still waiting for RI L/Cs SINGAPORE (Reuters): Southeast Asia's grains market stayed in the doldrums yesterday and there were no signs of regional demand picking up in the near term, traders said.
Fri, 29 May 1998
BCA put under IBRA control after massive run
BCA put under IBRA control after massive run JAKARTA (JP): The country's largest bank, Bank Central Asia (BCA), has finally surrendered to the power of its depositors, who have been frantically withdrawing money, and been placed under the tutelage of the Indonesian Bank Restructuring Agency (IBRA).
Fri, 29 May 1998
Bank Bali Visa
Bank Bali Visa I am writing in response to Ms. Kristina Djaja's letter of May 27. On behalf of the management of Hotel President, I would like to convey that the said case happened in June last year.We have already met Ms. Kristina Djaja and settled the problem completely.
Fri, 29 May 1998
Soeharto-linked shares remain under pressure
Soeharto-linked shares remain under pressure JAKARTA (JP): Shares of companies owned by former president Soeharto's family and his cronies remained under selling pressure yesterday.Stockbrokers said most shares linked to Soeharto's family and cronies dropped in the morning but managed to recover in...
Fri, 29 May 1998
Rice stocks will last three months: Bulog
Rice stocks will last three months: Bulog JAKARTA (JP): The State Logistics Agency (Bulog) has said that its rice stocks currently stood at 2.1 million metric tons, or only enough to meet domestic demand for about three months.
Fri, 29 May 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 28, 1998: Buying Selling Rp Rp U.S dollar 1 10,600.00 11,800.00Austrian shilling 1 n/a n/aAustralian dollar 1 6,489.00 6,948.60Belgian franc 1 285.20 303.60Canadian dollar 1 7,206.60 7,655.
Thu, 28 May 1998
Voice of reason
Voice of reason I have lived and worked in Indonesia for more than 10 years. This is my home, a place and time to raise a family. Although an expat, I haven't considered pursuing a life elsewhere because my wife is from Medan and, besides, I achieve a measure of personal fulfillment in work and...
Thu, 28 May 1998
Thailand asks IMF for room to maneuver
Thailand asks IMF for room to maneuver LONDON: The Thai government has asked the International Monetary Fund (IMF) to relax its tough prescription after admitting that the aftermath of the Asian crisis will squeeze the country's economy more than initial estimates suggested.
Thu, 28 May 1998
Cleaners get Rp 1,100 raise
Cleaners get Rp 1,100 raise RANGKASBITUNG, West Java: Lebak regency officials agreed yesterday to increase the salary of sanitation workers here from Rp 2,000 to Rp 3,100 per day.According to Antara, Lebak regent Didin Muchdjidin said the decision was part of his office's continued desire to...
Thu, 28 May 1998
Thais see more fishing opportunities in RI
Thais see more fishing opportunities in RI BANGKOK (Reuters): Industry reforms taking place in post- Soeharto Indonesia should help Thai fishermen get more opportunities to fish in that country's waters, a senior industry source said yesterday.
Thu, 28 May 1998
Watch out for Asian fallout in the West
Watch out for Asian fallout in the WestBy John Gray LONDON: Asia's economic crisis has not ended. It has moved into another and deeper phase that is bound to have serious repercussions for western economies.
Thu, 28 May 1998
Soeharto-linked timber firms told to abide by forestry laws
Soeharto-linked timber firms told to abide by forestry laws JAKARTA (JP): Newly appointed Minister of Forestry and Plantations Muslimin Nasution has warned timber companies with links to former president Soeharto to abide by the existing forestry regulations or face losing their logging contracts.
Thu, 28 May 1998
MPR should convene to pick new president
MPR should convene to pick new president The nation is contemplating holding fresh elections -- which takes time -- or an extraordinary session of the People's Consultative Assembly (MPR) to choose a new president and vice president.
Thu, 28 May 1998
Asia take 4 years to recover
Asia take 4 years to recover SINGAPORE (AP): Asia may take as long as four to five years to recover from its financial and economic crisis, a Singapore leader said in comments distributed to the news media yesterday."Overall, it may take four to five years for the region to recover...
Thu, 28 May 1998
Yogyakarta and Padang soccer clubs to disband
Yogyakarta and Padang soccer clubs to disband YOGYAKARTA (JP): A local soccer club, PSIM, is set to disband following a recent decision by the All Indonesian Soccer Federation to cancel this year's league.
Thu, 28 May 1998
Fate of local rally hangs in the balance
Fate of local rally hangs in the balance JAKARTA (JP): The 11th leg of the World Rally Championship series scheduled for Sept. 18 to Sept. 20 in Medan, North Sumatra, may be canceled due to political and economic uncertainty.
Thu, 28 May 1998
Establishing a national leadership
Establishing a national leadershipBy Sayidiman Suryohadiprojo JAKARTA (JP): Many people do not accept the legitimacy of President B.J. Habibie and want the People's Consultative Assembly (MPR), as the highest legislative body in the Indonesian political system, to convene a special session to...
Thu, 28 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 27, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 775 25 1,000 Alumindo Light Metal 300 0 105,000 Alumindo...
Thu, 28 May 1998
Coca-Cola Amatil limits Indonesian investments
Coca-Cola Amatil limits Indonesian investments SYDNEY (Reuters): Soft drink bottler Coca-Cola Amatil Ltd said yesterday it plans in the short term to limit new investment in its Indonesian operation to cash generated by the operation itself.
Thu, 28 May 1998
The end of Golkar's domination?
The end of Golkar's domination? So far it has never been clear whether Golkar is a ruling party or a party for the rulers. The new law on political parties that is to come into being must make it very clear what it means for a political party to win a general election.
Thu, 28 May 1998
Free them all
Free them all A job half done is a job undone. Debatable as such a statement may be to some, many people would agree that this holds true in the case of the release of political prisoners in Indonesia.Of the hundreds of prisoners of conscience who have been languishing for months or years in...
Thu, 28 May 1998
Intraco reschedules debt
Intraco reschedules debt JAKARTA (JP): Publicly listed PT Intraco Petra announced yesterday it was negotiating with creditors to restructure its U.S. dollar-denominated debt.The company said its foreign debt currently stood at US$50.4 million, of which $20 million had been hedged at Rp 2,662 per U.
Thu, 28 May 1998
Stocks slump on huge sell-off of Salim stocks
Stocks slump on huge sell-off of Salim stocks JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) lost almost 4 percent yesterday, driven by massive sell-off of stocks connected to the Salim Group, stockbrokers said.
Thu, 28 May 1998
Coffee prices fall as RI unrest ends
Coffee prices fall as RI unrest ends SINGAPORE (Reuters): Coffee prices fell in Asia as recent supply worries eased due to fresh rains in Vietnam and an apparent end to civil strife in Indonesia, traders said yesterday.
Thu, 28 May 1998
Noegroho replaces Hamami as head of city police
Noegroho replaces Hamami as head of city police JAKARTA (JP): Central Java Police chief Maj. Gen. Noegroho Djajoesman will be installed as Jakarta's number one officer today, replacing Maj. Gen. Hamami Nata, National Police spokesman Brig. Gen. Da'i Bachtiar said yesterday.
Thu, 28 May 1998
RI team, creditors to meet in New York
RI team, creditors to meet in New York NEW YORK (Dow Jones): The head of Indonesia's debt team will meet with foreign bankers in New York today to address the political changes in the Asian country and prepare for the next round of debt negotiations scheduled to take place in Frankfurt on June 1,...
Thu, 28 May 1998
IBRA may take control of BCA
IBRA may take control of BCA JAKARTA (JP): Bank Central Asia (BCA), the country's largest bank, may soon be put under the control of the Indonesian Banking Restructuring Agency (IBRA) following days of fund withdrawals, banking sources said yesterday.
Thu, 28 May 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 27, 1998: Buying Selling Rp Rp U.S. dollar 1 9,800.00 10,800.00Austrian shilling 1 860.90 840.70Australian dollar 1 6,314.00 6,759.60Belgian franc 1 280.60 299.10Canadian dollar 1 7,015.
Thu, 28 May 1998
Military rejects security fee
Military rejects security fee TANGERANG (JP): Local military chief Lt. Col. Meris Wiryadi has rejected residents' plans to collect money for officers overseeing security in residential areas following riots earlier this month.
Thu, 28 May 1998
Imogiri kris goes global
Imogiri kris goes global YOGYAKARTA: Imogiri could quickly make a name for itself in the international arena as one of the central producers of kris.The town recently begun exporting the wavy double-edged dagger made in humble surroundings of the Imogiri subdistrict, Bantul district, to several...
Thu, 28 May 1998
Bakom-PKB concerned over recent tragedies
Bakom-PKB concerned over recent tragedies JAKARTA (JP): The Coordinating Body for National Unity (Bakom- PKB) has expressed deep concern over the recent tragedies that have increased uncertainty and a feeling of peril among minority groups.
Thu, 28 May 1998
Arson suspected in shop fires
Arson suspected in shop fires BOGOR (JP): Police suspect arson was involved in a fire that destroyed two shops in Cileungsi subdistrict Monday night.The fire occurred a day after employees of the shop belonging to Tolib, 50, reportedly mobbed to death a notorious thug, Komarudin, 25, who allegedly...
Thu, 28 May 1998
Indonesia to import tons of soybean
Indonesia to import tons of soybean JAKARTA (JP): Indonesia will import about 500,000 tons of soybean from Thailand and the United States this year to meet domestic demand, a senior official at the Ministry of Agriculture said yesterday.
Thu, 28 May 1998
Minister proposes financial aid for riot victims
Minister proposes financial aid for riot victims JAKARTA (JP): A cabinet minister pledged yesterday to urge the government to extend assistance to relatives of those who died in fires during the three days of rioting in Greater Jakarta two weeks ago.
Thu, 28 May 1998
Tracing the world's oldest profession
Tracing the world's oldest profession Pelacuran di Indonesia, Sejarah dan Perkembangannya (Prostitution in Indonesia, its History and Development); By Terence H. Hull et al.; Pustaka Sinar Harapan in cooperation with Ford Foundation, Jakarta, 1997; 157 pp + ix; Rp 15,000 JAKARTA (JP): Everybody...
Thu, 28 May 1998
Credits granted to small businesses
Credits granted to small businesses TANGERANG (JP): The local branch of state BNI 46 bank is providing credits of up to Rp 50 million to small-scale businesspeople whose kiosks and merchandise were damaged or looted during mass rioting two weeks ago, an official said yesterday.
Thu, 28 May 1998
Hoodlums clash at Blok M
Hoodlums clash at Blok M JAKARTA (JP): Drunken rival hoodlums were involved in a brief brawl early Sunday, causing minor damage to buildings before they were dispersed by the police.The brawl started after several thugs argued over money to buy liquor at about 2 a.m.
Thu, 28 May 1998
Political stability a must for economic reform: Neiss
Political stability a must for economic reform: Neiss JAKARTA (JP): The International Monetary Fund's Asia-Pacific director Hubert Neiss began talks with Indonesia's new government yesterday on setting the stage for possible disbursement of delayed bailout funds.
Thu, 28 May 1998
Congratulations pour in for new President
Congratulations pour in for new President JAKARTA (JP): Minister/State Secretary Akbar Tandjung said yesterday that President B.J. Habibie had received a slew of congratulatory letters from foreign counterparts since being appointed president on Thursday.
Thu, 28 May 1998
Governor's wife quits MPR
Governor's wife quits MPR PALU, Central Sulawesi: Following the pattern of the past few days, which has seen families of senior officials give up their various posts, Mrs. Kamsiah Paliudju, wife of Central Sulawesi Governor Banjela Paliudju, has given up her seat as a member of the People's...
Thu, 28 May 1998
Alleged vandal faces jail term
Alleged vandal faces jail term BOGOR (JP): The Bogor district court was asked yesterday to sentence a man to three months in jail for damaging a public telephone facility on Jl. Raya Bogor-Jakarta in Cimanggis.
Thu, 28 May 1998
Councilor says administration practices nepotism
Councilor says administration practices nepotism JAKARTA (JP): A senior councilor accused the city administration yesterday of practicing nepotism and cronyism in the recruitment and promotion of its employees.
Thu, 28 May 1998
Thousand Islands' reefs in trouble
Thousand Islands' reefs in trouble JAKARTA (JP): Uncontrolled harvest of corals for export has left about 75 percent of the coral reefs in the Thousand Islands, north of Jakarta, in a deplorable condition, an official said.
Thu, 28 May 1998
Danish aid for Gunungkidul
Danish aid for Gunungkidul YOGYAKARTA: Danish Ambassador Michael Sternberg has granted food aid and funds for a clean-water project worth Rp 647 million to the drought-stricken district of Gunungkidul, Yogyakarta.
Thu, 28 May 1998
Orders for textile products down by half
Orders for textile products down by half JAKARTA (JP): Local textile companies said yesterday export orders for textile and textile-related products had dropped by 50 percent due to the country's political uncertainty.
Thu, 28 May 1998
MKGR breaks ranks with Golkar
MKGR breaks ranks with Golkar JAKARTA (JP): Golkar, the political grouping that has dominated Indonesian politics since the early 1970s, is showing signs of unraveling since two of its strongest allies have indicated their intent to break away.
Thu, 28 May 1998
Experts split over move on Soeharto businesses
Experts split over move on Soeharto businesses JAKARTA (JP): Legal experts are divided over the legitimacy of the government's sudden move to review the vast trail of business contracts leading to former president Soeharto's family.
Thu, 28 May 1998
Two indicted for kidnapping baby
Two indicted for kidnapping baby JAKARTA (JP): Two women were indicted at Central Jakarta District Court Tuesday on charges of kidnapping a 17-day-old baby girl from a woman who was sentenced by the same court to one year in jail for committing a similar offense in 1996.
Thu, 28 May 1998
Asian markets on their knees as yen, Wall St. fall
Asian markets on their knees as yen, Wall St. fall SINGAPORE (Reuters): Asian markets took a hammering yesterday as a hefty fall on Wall Street and a weakening yen added to a cocktail of domestic woes.Hong Kong shares led the rout with the Hang Seng Index collapsing nearly 500 points, or 5.
Thu, 28 May 1998
Reform fighters, beware of traps!
Reform fighters, beware of traps!From MerdekaThis letter is addressed to all reform fighters connected with the May 12 event. I ask them not to be trapped by antireform political guerrillas who offer them lucrative positions in order to forget the poor.