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Thu, 18 Jun 1998
Indonesia's economy heading for stagnation, says Miranda
Indonesia's economy heading for stagnation, says Miranda JAKARTA (JP): Current indicators show that Indonesia's economy is deteriorating into stagnation which, coupled with current political uncertainty, will limit the economic tools available to lift the country out of the economic crisis, Bank...
Thu, 18 Jun 1998
Wiranto rejects backing for him to lead the nation
Wiranto rejects backing for him to lead the nation JOMBANG, East Java (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto yesterday gently declined some highly influential East Javan religious teachers' support for him to lead the nation.
Thu, 18 Jun 1998
Economist calls on govt to nationalize Soeharto's wealth
Economist calls on govt to nationalize Soeharto's wealth JAKARTA (JP): Economist Mohammad Sadli called on the government yesterday to take over all the assets and corporate stocks belonging to former president Soeharto and his family to help ease the country's economic crisis.
Thu, 18 Jun 1998
105 confined female workers escape from labor supply firm
105 confined female workers escape from labor supply firm JAKARTA (JP): One hundred and five female workers revealed yesterday that they were tortured and raped while being locked up for between six and eight months by a manpower placement company at its shelter in Cilincing, North Jakarta.
Thu, 18 Jun 1998
Japan's woes mean a fresh blow to Asia
Japan's woes mean a fresh blow to Asia MANILA (Reuters): Japan's recession means it will take even longer than expected for the rest of Asia to pull out of its year-old financial crisis, the chief economist of the Manila- based Asian Development Bank said yesterday.
Thu, 18 Jun 1998
Hindoro's death investigated
Hindoro's death investigated JAKARTA (JP): City police detectives have started questioning a number of witnesses to the Tuesday incident which lead to the death of Hindoro Budianto, 52, a suspect in a multi-billion rupiah bank fraud, an officer said yesterday.City police spokesman Lt. Col. E.
Thu, 18 Jun 1998
Police autonomy calls receive strong support
Police autonomy calls receive strong support JAKARTA (JP): Calls for the police to be separated from the ranks of the Armed Forces received strong support yesterday as retired generals and observers stressed the need to have an independent and credible police force.
Thu, 18 Jun 1998
No unloading at Tanjung Perak
No unloading at Tanjung Perak SURABAYA: Loading and unloading activities at Tanjung Perak Port have been at a standstill for last three days because of strikes by some 6,000 dock workers demanding higher wages.
Thu, 18 Jun 1998
Habibie says he now puts people's welfare first
Habibie says he now puts people's welfare first JAKARTA (JP): President B.J. Habibie has confessed that as state minister of research and technology he was obsessed with the development of technology in Indonesia but now as president he is more concerned about ensuring people's basic welfare.
Thu, 18 Jun 1998
Leave U.S. financial aid for NGOs alone
Leave U.S. financial aid for NGOs alone Concerns have been raised that U.S. aid for non-governmental organizations (NGOs) might have been used to disrupt stability in Indonesia. Kastorius Sinaga, a social sciences lecturer at the University of Indonesia, discusses the issue.
Thu, 18 Jun 1998
Aid to NGOs in Indonesia
Aid to NGOs in Indonesia The news report that Surya daily quoted from The New York Times May 20, 1998, which was later denied by Indonesia's non- governmental organizations (NGOs), represented by the Indonesian Environmental Forum and the Indonesian Biodiversity Foundation, and also by Amien Rais,...
Thu, 18 Jun 1998
Religious leaders slam 'racial' riots
Religious leaders slam 'racial' riots JAKARTA (JP): Leaders of all the country's major religions have condemned the "racial" riots in Jakarta last month that left more than 1,000 people dead and called for an independent team to investigate what they termed "despicable and barbaric acts".
Thu, 18 Jun 1998
Work stops on Rp 2.3b house
Work stops on Rp 2.3b house BANDARLAMPUNG, Lampung: Construction on the Rp 2.3 billion official residence of the Bandar Lampung mayor has been put on hold because of the economic crisis, Antara reported.
Thu, 18 Jun 1998
Where to go in Bali:
Where to go in Bali:Exhibition * Painting Exhibition: Patterning in Contemporary Art - Layers of Meaning, at Museum Puri Lukisan, Jl. Raya Ubud, Ubud (Phone: 0361 975136), 8 a.m. to 4 p.m. until June 26.
Thu, 18 Jun 1998
IMF pressed to review its Asian strategy
IMF pressed to review its Asian strategy HONG KONG (Dow Jones): Asia's economies are choking on the harsh medicine ordered by the International Monetary Fund. As a result, more and more economists are saying it's time to rewrite the IMF prescriptions of high rates and anemic government spending,...
Thu, 18 Jun 1998
Has the Javan tiger become another dodo?
Has the Javan tiger become another dodo?By Widyarto SURABAYA (JP): Some regard the Javan tiger as an extinct species, while others contradict this assumption. Ironically, while the argument over the existence of the Javan tiger has yet to be resolved, its last habitat, in Meru Betiri National Park,...
Thu, 18 Jun 1998
Sudwikatmono, Bambang resign from Tri Polyta
Sudwikatmono, Bambang resign from Tri Polyta JAKARTA (JP): Former president Soeharto's second son Bambang Trihatmodjo and cousin Sudwikatmono resigned yesterday from publicly listed petrochemical firm PT Tri Polyta Indonesia amid growing public demands for an investigation into the family's wealth.
Thu, 18 Jun 1998
Governor solicits public criticism
Governor solicits public criticism JAKARTA (JP): Governor Sutiyoso opened the door yesterday for all Jakartans to provide criticism and input to assist city officials in stamping out malfeasance."I open wide the opportunity for the people.
Thu, 18 Jun 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 17, 1998: Buying Selling Rp Rp U.S. dollar 1 16,250.00 17,250.00Austrian shilling 1 1,255.80 1,416.90Australian dollar 1 9,784.50 10,320.00Belgian franc 1 443.80 465.
Thu, 18 Jun 1998
Ratna to stage 'Marsinah Menggugat'
Ratna to stage 'Marsinah Menggugat' JAKARTA (JP): Playwright Ratna Sarumpaet plans to stage Marsinah Menggugat (Marsinah Accuses) at Universitas Nasional, South Jakarta tomorrow at 8 p.m.According to a 1995 government decree, no permits are needed to stage art performances, but Marsinah Menggugat...
Wed, 17 Jun 1998
Book bazaar at Utan Kayu planned
Book bazaar at Utan Kayu planned JAKARTA (JP): A month-long book bazaar will be held at the Utan Kayu community parking lot, Jl. Utan Kayu No. 68H, East Jakarta, from July 1.The bazaar is being organized by the Teater Utan Kayu committee and will feature novels and other human-oriented reading...
Wed, 17 Jun 1998
Habibie to open contest
Habibie to open contest DENPASAR, Bali: President B.J. Habibie is expected to open the national selection of finalists for the 13th Koran Reading Contest (STQ) here on June 27.Bali deputy governor Ahim Abdurahim, who is also chairman of the contest's organizing committee, said yesterday that the...
Wed, 17 Jun 1998
Rupiah breaks 15,000 barrier as stocks decline
Rupiah breaks 15,000 barrier as stocks decline JAKARTA (JP): The rupiah broke psychologically important level of Rp 15,000 against the U.S. dollar yesterday as local stock prices lost 1.7 percent over persistent domestic economic and political uncertainty and a bearish regional market.
Wed, 17 Jun 1998
Laverton enters Sumatra
Laverton enters Sumatra PERTH (Reuters): Laverton Gold NL said yesterday it has reached a memorandum of understanding giving Weston Investments Ltd a 50 percent interest in its Rawas gold mine in South Sumatra, Indonesia.Weston is a subsidiary of Consolidated African Mines Ltd of South Africa.
Wed, 17 Jun 1998
Garuda to divest from subsidiaries
Garuda to divest from subsidiaries JAKARTA (JP): National flag carrier Garuda Indonesia plans to divest from all of its subsidiaries in order to focus on its air transportation business, the airline's new boss said here yesterday.
Wed, 17 Jun 1998
Senior Minister Lee blasts Asian leaders
Senior Minister Lee blasts Asian leaders SINGAPORE (AP): The Asian financial crisis would have been much milder if Thai, Malaysian and Indonesian leaders understood how quickly markets act on their words, Singapore's most prominent politician told Newsweek magazine.
Wed, 17 Jun 1998
Regions warned of La Nina-induced floods
Regions warned of La Nina-induced floods JAKARTA (JP): Large areas of the country must beware of La Nina-induced floods predicted for later this year, head of the National Search and Rescue Agency (Basarnas) (ret.) Commodore Harinto warned yesterday.
Wed, 17 Jun 1998
Soedjono's dismissal puzzles legal profession
Soedjono's dismissal puzzles legal profession JAKARTA (JP): Prominent legal practitioners and observers expressed a degree of suspicion yesterday over the sudden dismissal of the attorney general and questioned the motive for making a military officer the country's top prosecutor.
Wed, 17 Jun 1998
Malaysia to buy stake in Bank Muamalat
Malaysia to buy stake in Bank Muamalat JAKARTA (JP): Malaysian Deputy Prime Minister Anwar Ibrahim promised President B.J. Habibie yesterday that Malaysia would purchase a 49 percent stake, worth US$15 million, in Indonesia's only Islamic bank, Bank Muamalat Indonesia.
Wed, 17 Jun 1998
Nonperforming loans soar to 25%
Nonperforming loans soar to 25% JAKARTA (JP): Banks' nonperforming loans at the end of April jumped to 25 percent of outstanding credit from 10 percent at the end of April last year due to the monetary crisis, Bank Indonesia Governor Sjahril Sabirin said yesterday.
Wed, 17 Jun 1998
PAP II's staff stage another rally
PAP II's staff stage another rally TANGERANG (JP): Two thousand employees of state airport management company Perum Angkasa Pura (PAP) II staged a second rally to demand complete reform of the management at the companies headquarters at Soekarno-Hatta International Airport yesterday.
Wed, 17 Jun 1998
Foreigners flock to Maluku
Foreigners flock to Maluku AMBON, Maluku: Amid worries that tourism in many parts of the country is in decline, officials here proudly announced yesterday that tourist arrivals in the first four months of the year had nearly doubled compared to the same period last year.
Wed, 17 Jun 1998
Govt urges talk over PAL strikes
Govt urges talk over PAL strikes MANILA (Reuters): The government urged talks yesterday to avert a general stoppage at Philippine Airlines after ground and cabin crews threatened strikes over the airline's sacking of more than a third of its workforce.
Wed, 17 Jun 1998
KL concerned over Hanson's rise
KL concerned over Hanson's rise KUALA LUMPUR (DPA): Malaysia voiced concern yesterday over rising anti-Asian sentiment by Australians who support right-wing independent legislator Pauline Hanson, saying Canberra's ties with Asian nations could be soured.
Wed, 17 Jun 1998
Stabilization of CPO prices
Stabilization of CPO pricesFrom Ekonomi NeracaIn line with the government's effort to expand oil palm estates managed by both the private sector and the government, the production of crude palm oil (CPO) is increasing with each passing year.Palm oil production in 1994 stood at 4.
Wed, 17 Jun 1998
Govt needs Rp 2 trillion in rice drive
Govt needs Rp 2 trillion in rice drive JAKARTA (JP): The government will need Rp 2 trillion (about US$142.85 million) in this year's rice planting season if it is to boost production of the country's favorite food, a minister said yesterday.
Wed, 17 Jun 1998
Sentosa reports losses
Sentosa reports losses SURABAYA (JP): Publicly listed PT Trias Sentosa reported a net loss of Rp 24.67 billion (about US$1.76 million) last year compared to a net profit of Rp 31.10 billion in 1996.Company director Yamin Chandra said the loss was attributed to a foreign exchange loss of Rp 54...
Wed, 17 Jun 1998
Multipolar-Wal-Mart suit
Multipolar-Wal-Mart suit OAKLAND, California (AP): An Indonesian company, ordered by a federal judge to halt its suit against Wal-Mart by Monday or face fines of US$10,000 a day, has told the judge it needs more time to comply, a Wal-Mart lawyer said.
Wed, 17 Jun 1998
Legislators back retenders on pacts with Soeharto clan
Legislators back retenders on pacts with Soeharto clan JAKARTA (JP): Legislators have backed the government's decision to retender contracts held by family and friends of former president Soeharto for shipment of state oil and gas company Pertamina's products.
Wed, 17 Jun 1998
Amtek, Unitech buy RI unit
Amtek, Unitech buy RI unit SINGAPORE (Reuters): Singapore Precision metal parts maker Amtek Engineering Ltd said yesterday it and subsidiary Unitech Holding Pte Ltd now own 100 percent of Indonesia's PT Amtek Sanwa Industries (ASI).
Wed, 17 Jun 1998
Security of contracts
Security of contracts Anger at revelations of wealth accumulated by those close to former president Soeharto during his time in office, and the nationwide clamor to root out corruption which this has prompted, has led many government agencies and state companies to announce a review of all...
Wed, 17 Jun 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 16, 1998: Buying Selling Rp Rp U.S. dollar 1 14,500.00 15,500.00Austrian shilling 1 1,119.60 1,277.30Australian dollar 1 8,628.80 9,221.20Belgian franc 1 395.50 419.
Wed, 17 Jun 1998
Inkud complains it overpaid for Goro chain deal
Inkud complains it overpaid for Goro chain deal JAKARTA (JP): The Confederation of Primary Cooperatives' Association (Inkud) paid far too much to take over the wholesale chain Goro from companies linked to former president Soeharto's children, an association executive said yesterday.
Wed, 17 Jun 1998
Year of Tiger: Year of Recession
Year of Tiger: Year of RecessionBy Beth Duff-Brown KUALA LUMPUR, Malaysia (AP): The Year of the Tiger, according to Chinese superstition, can bring ferocious upheaval.Six months into this tiger year, the once roaring Asian economies have experienced plenty of that.
Wed, 17 Jun 1998
Police concerned about protests
Police concerned about protests JAKARTA (JP): National Police chief Gen. Dibyo Widodo expressed concern over the number of protests breaking out in many cities as an actualization of the demand for reform.
Wed, 17 Jun 1998
Electoral official jailed for graft
Electoral official jailed for graft KENDARI, Southeast Sulawesi: Kendari District Court sentenced the former treasurer of the Kendari electoral committee, Abdulah Martha, to five years in jail for embezzling Rp 186 million (US$12,400) of the Rp 518 million 1997 general election funds.
Wed, 17 Jun 1998
Bureaucratic corruption
Bureaucratic corruption In the drive to eradicate corruption, proponents of reform seem to be focusing exclusively on our governing and business elite. However, it should not be forgotten that bureaucratic corruption involving even the lowest ranking civil servants is equally entrenched.
Wed, 17 Jun 1998
Act in the name of reform
Act in the name of reformFrom Sinar PagiI agree with Jati Hartana's opinion (Sinar Pagi, May 21) that many people now act in the name of reform but actually do so out of self-interest.They may be opportunists. I prefer to refer to them as "advertising reformists".
Wed, 17 Jun 1998
Talks on climate highlight loopholes
Talks on climate highlight loopholesBy Alexander Hagelueken BONN (DPA): What with forest fires in Indonesia and flooding in the United States, there has been no lack of climate phenomena in recent months.
Wed, 17 Jun 1998
Wanted banker falls to his death
Wanted banker falls to his death JAKARTA (JP): A former chief commissioner of privately run Bank Perniagaan, Hindoro Budianto, 52, reportedly fell to his death Monday from the eighth floor of Hotel Marbela in Anyer, West Java.