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Wed, 17 Jun 1998
SE Asian currencies gain on yen's surge
SE Asian currencies gain on yen's surge SINGAPORE (Dow Jones): Southeast Asian currencies, with the notable exception of Indonesia's rupiah, rose yesterday as the U.S. dollar hit a wall against the Japanese yen in early Asian trading.The dollar capped a weeks-long surge against the yen at 146.
Wed, 17 Jun 1998
Soeharto's wealth
Soeharto's wealth An important dimension has emerged in the reform tide and is now taking an increasingly clearer shape. It concerns the wealth of our high-ranking government officials. At the present stage, the basic concern is to clear up the question of former president Soeharto's alleged wealth...
Wed, 17 Jun 1998
Army officers testify police shot at students
Army officers testify police shot at students JAKARTA (JP): Two military officers and three witnesses from Trisakti University who yesterday gave evidence to the military tribunal investigating the May 12 incident stated that it was the police who fired shots at demonstrators.
Wed, 17 Jun 1998
Group urges govt to adjust CPO exports to forex
Group urges govt to adjust CPO exports to forex JAKARTA (JP): The government should replace the 40 percent tax on crude palm oil (CPO) exports with a foreign exchange ruling to encourage exporters to sell the commodity on the domestic market, the Federation of Indonesian Vegetable Oils and Fats...
Wed, 17 Jun 1998
Jakarta Fair to go on despite economic crisis
Jakarta Fair to go on despite economic crisis JAKARTA (JP): The annual Jakarta Fair will be held next month despite the absence of foreign participants and the sad fortunes of local firms, the organizer said yesterday.The month-long fair, to be opened by President B.J.
Wed, 17 Jun 1998
Local cigarette production to fall
Local cigarette production to fall JAKARTA (JP): The Association of Indonesian Cigarette Producers estimated yesterday that the country's cigarette output and sales would fall between 25 percent and 30 percent this year due to higher prices.
Wed, 17 Jun 1998
100 customers protest against developer
100 customers protest against developer TANGERANG (JP): More than 100 customers of the Modernland housing development went to the company's office here yesterday to protest the slow progress of the construction of houses, apartments and shop-houses they had bought.
Wed, 17 Jun 1998
Crude trade thin as mart waits for RI
Crude trade thin as mart waits for RI SINGAPORE (Reuters): Prices on the Asian heavy crude market were steady yesterday, but most traders were sidelined as firm information on Indonesian July allocations remained unavailable, traders said.
Wed, 17 Jun 1998
Private TV stations want less state intervention
Private TV stations want less state intervention JAKARTA (JP): The owners of private television stations called on the House of Representatives yesterday to review the broadcasting law enacted last year in order to minimize state interference in their operations.
Wed, 17 Jun 1998
Rice distribution system 'should be streamlined'
Rice distribution system 'should be streamlined' JAKARTA (JP): A city councilor has underlined the importance of cutting the lengthy rice distribution chain to help reduce the price of the essential commodity.
Wed, 17 Jun 1998
Nippindo's monopoly weakens
Nippindo's monopoly weakens OSAKA, Japan (Dow Jones): Recent political and economic changes in Indonesia are weakening Nippindo Co.'s virtual monopoly on plywood imports from the Southeast Asian country, the Nihon Keizai Shimbun said in its yesterday morning edition.
Wed, 17 Jun 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 16, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 0 291,000 Alumindo Light Metal 300 -75 7,500 Alumindo...
Wed, 17 Jun 1998
Chinese-Indonesian man stands up to be counted
Chinese-Indonesian man stands up to be countedBy T. Sima Gunawan JAKARTA (JP): If you are an Indonesian of Chinese descent, you know from experience to keep a low profile.Being recognized for your ancestry is the last thing you want.
Wed, 17 Jun 1998
BI's claims from troubled banks drop
BI's claims from troubled banks drop JAKARTA (JP): Bank Indonesia (BI) said yesterday that its net claim on the Indonesian Bank Restructuring Agency (IBRA) declined slightly to Rp 131.91 trillion on June 12 from Rp 132.12 trillion the previous week.
Wed, 17 Jun 1998
ASEAN Secretariat holds arts expo
ASEAN Secretariat holds arts expo JAKARTA (JP): An exhibition featuring the region's arts and culture at the ASEAN Secretariat, Jl. Sisingamangaraja, South Jakarta opened on Monday.ASEANA: a showcase of ASEAN Cultures presents the published works of the ASEAN Committee on Culture and Information:...
Wed, 17 Jun 1998
Sjafrie urges people to shun street rallies
Sjafrie urges people to shun street rallies JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin urged Jakartans, especially workers, yesterday not to participate in street rallies.Sjafrie made the statement in response to reports that certain parties have tried to encourage...
Wed, 17 Jun 1998
Pharmacists criticize govt's 'self-dispensing' policy
Pharmacists criticize govt's 'self-dispensing' policy YOGYAKARTA (JP): The Association of Indonesian Pharmaceutical Manufacturers here criticized the government's "self-dispensing" policy, saying it threatened the existence of drug distributors and drugstores.
Wed, 17 Jun 1998
Proreform leaders must learn to compromise
Proreform leaders must learn to compromise The clock on political reform has been ticking away since the resignation of president Soeharto on May 21. Hermawan Sulistyo, a political researcher at the Indonesian Institute of Sciences and executive director of the Research Institute for Democracy and...
Wed, 17 Jun 1998
Time for Golkar to reform itself
Time for Golkar to reform itselfBy Aleksius Jemadu BANDUNG (JP): As it turns out, the departure of Soeharto has caused major trouble for the dominant party, Golkar. Suddenly, Golkar seems to have a dark future.
Wed, 17 Jun 1998
Harmoko says Golkar remains very solid
Harmoko says Golkar remains very solid JAKARTA (JP): Golkar chairman Harmoko asserted yesterday that despite reports of infighting and dissent, the dominant political organization remains very solid and ready to hold an extraordinary congress early next month.
Wed, 17 Jun 1998
DHL launches new export service
DHL launches new export service JAKARTA (JP): International air express company DHL Worldwide Express launched a new service yesterday called USA First, for Indonesian exporters to deliver goods to the United States fast and cost-effectively.
Wed, 17 Jun 1998
Lamborghini to cover losses
Lamborghini to cover losses ROME (Reuters): Italian sports car maker Lamborghini SpA, controlled by former Indonesian president Soeharto's son Hutomo Mandala Putra, is to hold a shareholders meeting soon to decide on a reduction of its capital to cover 1997 losses, Italy's Official Gazzette said...
Wed, 17 Jun 1998
Circle sets up ASPAC unit
Circle sets up ASPAC unit SINGAPORE (Reuters): U.S.-based logistics firm Circle International said yesterday it had set up an automotive logistics division at its Asia-Pacific headquarters in Singapore.
Wed, 17 Jun 1998
Tegal under control after riot
Tegal under control after riot SEMARANG, Central Java: Diponegoro Military Commander Maj. Gen. Tyasno Sudarto claimed yesterday that antiriot forces had successfully restored security and order in Tegal, about 165 kms west of here, after violence erupted in the town Monday.
Wed, 17 Jun 1998
Religious leaders reject parties based on religion
Religious leaders reject parties based on religion JAKARTA (JP): Religious leaders yesterday warned against the formation of new political parties with ethnic or religious orientations, fearing that such organizations could lead to national disintegration.
Tue, 16 Jun 1998
City Island get credits
City Island get credits SINGAPORE (Dow Jones): City Developments Ltd. said yesterday it has signed a deal to lend US$7.35 million to its 30 percent owned Indonesian joint venture PT City Island Utama.City Developments, Singapore's biggest property developer, said the Indonesian company's other...
Tue, 16 Jun 1998
Time to return ill-gotten gains
Time to return ill-gotten gainsFrom MerdekaI agree to the demand made by many quarters to the effect that the wealth of the Soehartos must be investigated and returned to the people, especially now that Probosutedjo, as the "spokesman" of the Soeharto clan, has given the green light on condition...
Tue, 16 Jun 1998
SE Asian currencies share yen's debacle
SE Asian currencies share yen's debacle SINGAPORE (Dow Jones): Sky-high offshore interest rates failed to protect Asia's regional currencies from yesterday's plunge in the yen and the resulting collapse of regional stock markets.
Tue, 16 Jun 1998
N. Sumatra has new governor
N. Sumatra has new governor MEDAN, North Sumatra (JP): Minister of Home Affairs Syarwan Hamid swore in yesterday Maj. Gen. Rizal Nurdin as the new governor of North Sumatra, replacing Lt. Gen. (ret.) Radja Inal Siregar.
Tue, 16 Jun 1998
70 blind people protest at City Hall
70 blind people protest at City Hall JAKARTA (JP): A group of about 70 blind people went to City Hall yesterday to protest the cancellation of their cooperation with the city administration to manage a plot of land at Ragunan Zoo in South Jakarta in 1985.
Tue, 16 Jun 1998
Riot rocks Tegal
Riot rocks Tegal TEGAL, Central Java (JP): At least 40 shops, a gas station and numerous vehicles were burned when about 15,000 people were involved in a riot with police and military personnel in the Central Java town of Tegal yesterday.
Tue, 16 Jun 1998
Sumalindo Lestari expects higher earnings
Sumalindo Lestari expects higher earnings JAKARTA (JP): Publicly listed timber firm PT Sumalindo Lestari Jaya, a subsidiary of the country's largest automaker Astra International, expects an increase in earnings this year despite the economic crisis.
Tue, 16 Jun 1998
Ghalib named new attorney general
Ghalib named new attorney general JAKARTA (JP): President B.J. Habibie yesterday replaced Attorney General Soedjono C. Atmonegoro with the head of the Armed Forces (ABRI) prosecutor's office, Maj. Gen. Muhammad Ghalib.
Tue, 16 Jun 1998
U.S. lifts work ban on RI students
U.S. lifts work ban on RI students JAKARTA (JP): Indonesian students in the United States can now work full-time on or off campus while pursuing their studies in order to allow them to support themselves financially, the U.S. Embassy said yesterday.
Tue, 16 Jun 1998
Sutiyoso gives assurance on city employees' wages
Sutiyoso gives assurance on city employees' wages JAKARTA (JP): Governor Sutiyoso guaranteed yesterday that the city administration would not withhold or cut salaries of its employees due to the crisis."Don't worry about that.
Tue, 16 Jun 1998
Doubts about the IMF
Doubts about the IMF According to our records, in the nine months that it has been involved (in assisting Indonesia), the International Monetary Fund has released US$1 billion of a total of $43 billion it has committed to provide. This represents a most painful delay.
Tue, 16 Jun 1998
Body found under garbage
Body found under garbage BOGOR (JP): The body of a man buried by garbage in Rancamaya on Saturday was found yesterday.The body, identified as that of Usup, 25, was discovered at 8:30 a.m. by his brothers after a lengthy search.
Tue, 16 Jun 1998
Asian stocks plunge after fresh yen slide
Asian stocks plunge after fresh yen slide SINGAPORE (Reuters): A slide in the embattled yen past the 146-per-dollar mark yesterday unleashed ferocious pressures on regional stock exchanges, with Hong Kong leading the way with a drop of 6 percent before a slight recovery.The yen hit 146.
Tue, 16 Jun 1998
Nothing noble about turncoats
Nothing noble about turncoatsFrom MerdekaStudent demonstrations demanding reform in all fields led former president Soeharto to step down.We now hear frequent insults and mocking criticism. It would be understandable if it came from the people known to be vocal in their criticism against the...
Tue, 16 Jun 1998
Tutut resigns from BCA
Tutut resigns from BCA JAKARTA (JP): Former president Soeharto's daughter Siti Hardijanti Rukmana, popularly known as Tutut, has resigned as a commissioner of Bank Central Asia (BCA), the bank said yesterday.BCA director A.
Tue, 16 Jun 1998
'Self-dispending' policy welcomed by doctors' body
'Self-dispending' policy welcomed by doctors' body JAKARTA (JP): The Indonesian Doctors Association (IDI) welcomed yesterday the government's "self-dispensing" policy which will see general practitioners directly provide medicines to their patients.
Tue, 16 Jun 1998
Mitsubishi to restart RI auto plant
Mitsubishi to restart RI auto plant TOKYO (Reuters): Mitsubishi Motors Corp president Katsuhiko Kawasoe said yesterday that his company plans to restart a stalled automobile plant project in Indonesia following the change of government there.
Tue, 16 Jun 1998
Newspaper reporter tried for faking press card
Newspaper reporter tried for faking press card JAKARTA (JP): A newspaper reporter was indicted at Central Jakarta District Court yesterday for faking a press identification card specially designed for members of the media covering the general session of the People's Consultative Assembly (MPR) in...
Tue, 16 Jun 1998
Immigration office in Medan
Immigration office in Medan With reference to Donna K Woodward's letter in The Jakarta Post of Saturday, June 6, 1998, which was intended as a response to the letter of the public relations head of the Directorate General of Immigration (M.A.
Tue, 16 Jun 1998
Govt begin efforts to tackle corruption
Govt begin efforts to tackle corruption JAKARTA (JP): The Coordinating Minister for Development Supervision and State Administrative Reforms revealed yesterday that he had ordered all ministers, governors, heads of state owned companies and related officials to speed up efforts to reduce the...
Tue, 16 Jun 1998
Property company PSP suspended from JSX
Property company PSP suspended from JSX JAKARTA (JP): The Jakarta Stock Exchange (JSX) suspended trading activities yesterday in property company PT Putra Surya Perkasa (PSP) for failing to submit its 1997 financial reports and to pay a Rp 10 million (US$680) fine.
Tue, 16 Jun 1998
TV today
TV todayTVRI 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:35 Children's Film: Family Album 3:05 Children's Music: Album Kenangan Anak 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary Film: Suku Sawang 6:00 News: Lintasan Berita...
Tue, 16 Jun 1998
HK's Hopewell to postpone Tanjung Jati Power projects
HK's Hopewell to postpone Tanjung Jati Power projects HONG KONG (Dow Jones): Hopewell Holdings Ltd. chairman Sir Gordon Wu said the Hong Kong-based infrastructure developer's US$1.77 billion Tanjung Jati B power generator project would be postponed for one to two years.
Tue, 16 Jun 1998
Palm oil prices likely to stay firm this week
Palm oil prices likely to stay firm this week KUALA LUMPUR (Reuters): Asian palm oil prices are likely to stay firm with prospects of fresh export business and weakness in regional currencies underpinning sentiment, traders said.
Tue, 16 Jun 1998
Asian crude market awaits news from RI
Asian crude market awaits news from RI SINGAPORE (Reuters): Focus in the Asian crude market this week will be on July export availabilities from Indonesia and the Middle East which help determine the direction of the market, traders said yesterday.