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Tue, 26 May 1998
IMF to begin review of Indonesian reform program
IMF to begin review of Indonesian reform program JAKARTA (JP): International Monetary Fund (IMF) Asia Pacific director Hubert Neiss is scheduled to arrive here today to assess developments in the country and evaluate progress on the economic reform program.
Tue, 26 May 1998
Foreign media descend on troubled city
Foreign media descend on troubled city JAKARTA (JP): The capital, already swamped by students and antigovernment protesters, also dealt with an invasion of another kind -- foreign media bent on landing the scoop on the latest political developments.
Tue, 26 May 1998
Marubeni to boost stake in Chandra Asri
Marubeni to boost stake in Chandra Asri TOKYO (Reuters): Marubeni Corp said yesterday it may boost its stake in Indonesia's giant petrochemical project PT Chandra Asri, taking over shares held by its cash-strapped Indonesian project partners.
Tue, 26 May 1998
Student suspects in murder case tortured: Lawyer
Student suspects in murder case tortured: Lawyer JAKARTA (JP): Families, lecturers and students connected to Bogor's Juanda University told the National Commission on Human Rights yesterday that police tortured 12 students being questioned over the death of a police officer.
Tue, 26 May 1998
Violence is only the tip of iceberg
Violence is only the tip of iceberg Violence can take on many forms and the one that utterly manifested itself in last week's riots in Jakarta was just one of them, according to Father B.S. Mardiatmadja, a Catholic priest and a lecturer of philosophy at STF Driyarkara.
Tue, 26 May 1998
Govt releases Bintang, Pakpahan from prison
Govt releases Bintang, Pakpahan from prison JAKARTA (JP): The government released yesterday two prominent political prisoners, former legislator Sri Bintang Pamungkas and labor leader Muchtar Pakpahan, under the full glare of both local and foreign media.
Tue, 26 May 1998
Expat's hiring irks trade union
Expat's hiring irks trade union KUALA LUMPUR (AP): Malaysia' largest labor organization slammed companies yesterday that favored employing expatriates over locals, the national news agency reported.Employing foreigners instead of Malaysians is "morally wrong," Zainal Rampak, president of the...
Tue, 26 May 1998
Peregrine creditors tied to Indonesia
Peregrine creditors tied to Indonesia HONG KONG (Reuters): Creditors of Peregrine Fixed Income -- the unit which took center stage in the fall of the Peregrine group -- are soon to learn how difficult it will be to retrieve sums due, with their fates largely tied to Indonesia.
Tue, 26 May 1998
Toyota resumes RI production
Toyota resumes RI production TOKYO (Reuters): Toyota Motor Corp said its Indonesian car plants resumed production yesterday.The plants stopped output on May 14 due to riots in the country.PT Toyota-Astra Motor, owned 51 percent by conglomerate PT Astra International and 49 percent by Toyota,...
Tue, 26 May 1998
Cargo ship sinks in Riau
Cargo ship sinks in Riau PANGKAL PINANG, South Sumatra: A wooden ship, Lentera Laut Raya, carrying a cargo of frozen fish bound for Singapore ran aground and later sank in the waters close to Dua island near here.
Tue, 26 May 1998
Open bidding system for logging contracts: Minister of Forestry
Open bidding system for logging contracts: Minister of Forestry JAKARTA (JP): Newly appointed Minister of Forestry and Plantations Muslimin Nasution said yesterday that he would study the possibility of introducing an open bidding system to award new logging contracts.
Tue, 26 May 1998
Habibie key figure
Habibie key figure The new President B.J. Habibie has announced his Reform and Development Cabinet. Let's not debate the pros and cons of this new cabinet. But I do have one question. Has the cabinet reflected on the political standpoint of Habibie to conduct "total reform" and clean-up the...
Tue, 26 May 1998
Shahrir replaces Muchdi as Kopassus commander
Shahrir replaces Muchdi as Kopassus commander JAKARTA (JP): The Army's Special Force (Kopassus) got a new commander yesterday when Maj. Gen. Syahrir M.S. replaced Maj. Gen. Muchdi Purwopranjono as head of the unit in a ceremony led by Army Chief of Staff Subagyo Hadisiswoyo.
Tue, 26 May 1998
Two men arrested for robbery
Two men arrested for robbery JAKARTA (JP): Police arrested two people for allegedly robbing a man at Jatinegara Railway Station, East Jakarta on Sunday, a high-ranking officer said yesterday.City police spokesman Lt. Col. E.
Tue, 26 May 1998
Japanese to return to RI
Japanese to return to RI TOKYO (Reuters): Large Japanese firms will start sending employees back to Indonesia this week, Vice Trade Minister Osamu Watanabe said yesterday."Large firms have been looking at events in Indonesia on Friday and at the weekend very closely and while some firms have yet to...
Tue, 26 May 1998
Rupiah intervention impact would be limited: Hashimoto
Rupiah intervention impact would be limited: Hashimoto TOKYO (Agencies): Japan's Prime Minister Ryutaro Hashimoto said yesterday that intervention in the foreign exchange market would only have a limited impact in dealing with sudden fluctuations in Indonesia's rupiah and other Asian currencies.
Tue, 26 May 1998
Locusts, snails ruin paddy fields
Locusts, snails ruin paddy fields PURWOKERTO, Central Java: Over 200 hectares of paddy fields in 10 subdistricts in the regencies of Banyumas and Cilacap, Central Java, are now under the devastating attack of locusts and snails, an official said yesterday.
Tue, 26 May 1998
Aussie considers more aid
Aussie considers more aid CANBERRA (Reuters): Foreign Minister Alexander Downer said yesterday Australia had done a great deal to help Indonesia in its current crisis and would look at providing more aid if required.
Tue, 26 May 1998
Asian palm oil markets eye Indonesian trading
Asian palm oil markets eye Indonesian trading KUALA LUMPUR (Reuters): Asian palm oil traders are likely to watch Indonesian markets closely this week as trade fully resumes following weeks of political turmoil.
Tue, 26 May 1998
Change of president
Change of presidentFrom MerdekaH.M. Soeharto finally stepped down from his presidential post on May 21, following weeks of student demonstrations demanding reform in all fields -- economy, politics, law and social and cultural affairs, as well as Soeharto's resignation as president of the republic.
Tue, 26 May 1998
ABRI committed to fundamental reform
ABRI committed to fundamental reform JAKARTA (JP): The Armed Forces (ABRI) announced yesterday it is committed to reform, calling it "the answer" to all crises affecting the country.ABRI Chief of Sociopolitical Affairs Lt. Gen.
Tue, 26 May 1998
Soeharto in good health, says Hardijanti Rukmana
Soeharto in good health, says Hardijanti Rukmana JAKARTA (JP): Former president Soeharto is in good spirits and is staying at home, his eldest daughter Siti Hardijanti Rukmana said."He is in good health thanks to the prayers of the people of Indonesia," Hardijanti told reporters after relinquishing...
Tue, 26 May 1998
Retail sector deal thrown into doubt
Retail sector deal thrown into doubt JAKARTA (JP): City Council has questioned whether a cooperation program between small entrepreneurs and Goro wholesale company would continue after its management was taken over by the Confederation of Primary Cooperative Associations (Inkud) early this month.
Tue, 26 May 1998
Social safety-net program needs overseas support
Social safety-net program needs overseas support JAKARTA (JP): Newly appointed chairman of the National Development Planning Board Boediono said yesterday that Indonesia would need more foreign aid to strengthen its social safety-net program.
Tue, 26 May 1998
Two bodies found
Two bodies found JAKARTA (JP): Two bodies were found in West and North Jakarta over the weekend, police said yesterday.In West Jakarta, the decomposing corpse of a man, believed to be a victim of the recent riots, was found by residents on Jl. K.H. Mas Mansyur.
Tue, 26 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 25, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 250 0 0 Alumindo Perkasa 225 -125...
Tue, 26 May 1998
Workers set up party to form democratic govt
Workers set up party to form democratic govt JAKARTA (JP): Seizing on the new government's promise of greater political freedom, a group of labor activists inaugurated the Indonesian Workers Party (PPI) yesterday, and expressed their readiness to challenge Golkar and other leading political parties...
Tue, 26 May 1998
Indonesians seek finery despite economic crisis
Indonesians seek finery despite economic crisisBy Alicia Seow SINGAPORE (Reuters): Rocked by political and economic crises at home, wealthy Indonesians still find time to appreciate the finer things in life.
Tue, 26 May 1998
RI turmoil may keep rubber prices secure
RI turmoil may keep rubber prices secure SINGAPORE (Reuters): Continuing worries over instability in Indonesia, one of the world's biggest rubber producers, are likely to support prices this week, regional traders said yesterday.
Tue, 26 May 1998
22 Hero outlets damaged, looted in riots
22 Hero outlets damaged, looted in riots JAKARTA (JP): At least 22 of PT Hero Supermarket's 50 retail outlets in the capital and nearby towns were damaged during the recent riots, an official of the retail chain said yesterday.
Tue, 26 May 1998
Villages tense after boy's murder
Villages tense after boy's murder JAKARTA (JP): Tension gripped neighbors in a Bekasi village yesterday following Sunday night's murder of a 15-year-old boy, police said.Fighting broke out yesterday between dozens of residents from Babelan and Perumahan Harapan, a housing complex inside the...
Tue, 26 May 1998
Taiwan maintains its investment in SE Asia
Taiwan maintains its investment in SE Asia TAIPEI (Dow Jones): China Development Corp. isn't backing down from its investments in Southeast Asia but is keeping its focus on targets in Thailand and Malaysia where markets appear to have bottomed out, a top official from the company said yesterday.
Tue, 26 May 1998
RP Moslems call for representation
RP Moslems call for representation MANILA (DPA): The largest southern Philippine rebel group urged Vice President Joseph Estrada yesterday to appoint a Moslem to his cabinet and avoid the mistake of past presidents who excluded an Islamic representative.
Tue, 26 May 1998
Councilors want inquiry into water revenues
Councilors want inquiry into water revenues JAKARTA (JP): City Council will summon representatives of city-owned water company PDAM Jaya and its two private partners to question them over the whereabouts of Rp 90 billion collected during a short-lived accord, a councilor said yesterday.
Tue, 26 May 1998
Govt to review Pertamina trade, shipping contract
Govt to review Pertamina trade, shipping contract JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday the government would review all contracts between state oil and gas company Pertamina and trading and shipping companies, including those owned by former president...
Tue, 26 May 1998
DPR protest cause Rp 2 billion damage
DPR protest cause Rp 2 billion damage JAKARTA (JP): The chaotic but successful five-day student demonstration at the House of Representatives last week left a trail of structural damage worth about Rp 2 billion (US$167,000), officials said yesterday.
Tue, 26 May 1998
Transfer of power must be legal
Transfer of power must be legalBy Mulyana W. Kusumah JAKARTA (JP): Soeharto's declaration that he would quit the presidency on May 21, 1998 and the subsequent rise of then vice president B.J. Habibie was a historic constitutional event.
Tue, 26 May 1998
Mere window dressing
Mere window dressing To convince Indonesians he is serious about reform, President B. J. Habibie announced that his government would hold a general election as soon as possible, has agreed to release all political prisoners and has vowed to put the country's economy back on track.
Tue, 26 May 1998
Thomas Cup win a morale booster for Indonesians
Thomas Cup win a morale booster for Indonesians JAKARTA (JP): The achievement of Indonesia's Thomas Cup men's badminton team came just in time to give the struggling nation a much needed lift, former badminton great Icuk Sugiarto said yesterday.
Mon, 25 May 1998
Police arrest 29 for fresh looting at Harco Plaza
Police arrest 29 for fresh looting at Harco Plaza JAKARTA (JP): Marines and security personnel rounded up 29 people looting shops in Harco Plaza, Mangga Dua in North Jakarta early Saturday, police said yesterday.City police spokesman Lt. Col.
Mon, 25 May 1998
Water rationing until September
Water rationing until September KUALA LUMPUR (AP): More than 2.5 million people in the Malaysian capital region's Klang Valley will have to suffer water rationing until September, a newspaper said yesterday.
Mon, 25 May 1998
Muladi hands over university post
Muladi hands over university post SEMARANG, Central Java: Justice Minister Muladi handed over his post as rector of Diponegoro University to Prof. Eko Budihardjo at a ceremony here Saturday evening.Muladi, who was very popular with students, urged in his farewell address for the university to...
Mon, 25 May 1998
Mangrove forest endangered
Mangrove forest endangered AMBON, Maluku: Massive exploitation of the mangrove forest on the northern coast of Buru island here by locals over the past few years has threatened the forest's existence."The mangrove potential is huge, but now it's almost gone due to massive cutting by locals," the...
Mon, 25 May 1998
Anwar says IMF unfair if it opts to hold RI loan
Anwar says IMF unfair if it opts to hold RI loan KANANASKIS, Alberta (Reuters): Malaysia's Deputy Prime Minister and Finance Minister said on Friday he would push the International Monetary Fund to begin the disbursement of its $10 billion loan to Indonesia as soon as possible.
Mon, 25 May 1998
Politicking disrupts the Thai economy
Politicking disrupts the Thai economyBy Rajan Moses BANGKOK (Reuters): The Thai opposition's constitutional challenge to four executive decrees crucial to help repair the battered economy has made Prime Minister Chuan government look vulnerable, analysts said last Friday.
Mon, 25 May 1998
Bali still smiles despite Indonesian agony
Bali still smiles despite Indonesian agonyBy Kevin Morrison KUTA, Bali (Reuters): The elderly couple from the west London suburb of Ealing seemed surprised when their waiter mentioned the bloodshed in Jakarta."How long's this trouble been going on then?" asked the wife.
Mon, 25 May 1998
Asia at a crossroad: Where is it going?
Asia at a crossroad: Where is it going?By Gwynne Dyer LONDON (JP): The 'post-colonial era' in Asia is over. What's not clear yet is where Asia goes from here: into a bloody rerun of 20th-century European history, or straight into a peaceful and democratic 21st century.
Mon, 25 May 1998
Malaysian firms in RI stop operations
Malaysian firms in RI stop operations KUALA LUMPUR (Reuters): A number of Malaysian companies in Indonesia have stopped operations while waiting for the situation there to stabilize, local newspapers reported yesterday.
Mon, 25 May 1998
Flights full as people return home
Flights full as people return home KUALA LUMPUR (Agencies): Flights to Indonesia from Malaysia and Singapore, the two main destinations for those fleeing abroad when unrest hit the country, were packed over the weekend as many Indonesians began returning home.
Mon, 25 May 1998
RP bank capital raised
RP bank capital raised MANILA (Reuters): The Philippine central bank is willing to consider a proposal to boost banks' minimum capital requirements to strengthen the banking system, a top official of the incoming government said yesterday.