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Fri, 26 Jun 1998
Arrest nation's increasing misery
Arrest nation's increasing miseryBy Omar Halim JAKARTA (JP): After the government of president Soeharto signed the second Letter of Intent with the IMF in late January, the author wrote an article in this newspaper entitled "Economic reform without misery?"Since then, significant changes have taken...
Fri, 26 Jun 1998
ADB makes $1,5b loan to Indonesia
ADB makes $1,5b loan to Indonesia MANILA (DPA): The Asian Development Bank (ADB) approved a US$1.5 billion loan package yesterday to fund an Indonesian government program addressing the weaknesses of its financial sector amid worsening economic woes.
Fri, 26 Jun 1998
Observers blast timetable set for general election
Observers blast timetable set for general election JAKARTA (JP): The mid-1998 general election timetable set by President B.J. Habibie is considered not soon enough and will only serve to prolong the country's political and economic suffering, observers said here yesterday.
Fri, 26 Jun 1998
Surabaya aid body investigates death
Surabaya aid body investigates death SURABAYA (JP): The Surabaya Legal Aid Office is investigating the death of a worker of the Maspion Group who was allegedly beaten during a clash between demonstrating workers and security forces on June 8.
Fri, 26 Jun 1998
Southeast Asian currencies drift as yen steadies
Southeast Asian currencies drift as yen steadies SINGAPORE (Dow Jones): Southeast Asian currencies drifted in relatively tight trading ranges yesterday, following the Japanese yen even as it led nowhere.
Fri, 26 Jun 1998
Thailand, RI in rice barter
Thailand, RI in rice barter BANGKOK (Reuters): Thailand and Indonesia have agreed in principle to a counter-trade deal for the sale of Thai rice to Jakarta to be paid in terms of some goods, including crude oil, a commerce ministry official said yesterday.
Fri, 26 Jun 1998
Habibie launches human rights campaign
Habibie launches human rights campaign JAKARTA (JP): President B.J. Habibie officially launched the country's five-year National Action Plan on Human Rights yesterday as a part of the new government's ambitious plan to rehabilitate the country's poor record on human rights protection.
Fri, 26 Jun 1998
TV today
TV todayTVRI 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:30 Music 2:35 Children's Film: Tom and Jerry Kids 3:05 Music Lessons: Kesenian Degung 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News:...
Fri, 26 Jun 1998
Youths loot Samarinda shops
Youths loot Samarinda shops SAMARINDA, East Kalimantan: Dozens of youths looted and destroyed a number of shops at Pinang Bebaris Shopping Center here yesterday, causing panic and prompting shop owners across the city to quickly close their businesses.
Fri, 26 Jun 1998
Cash-strapped RI set to play Davis
Cash-strapped RI set to play Davis JAKARTA (JP): Despite financial troubles plaguing its training program, the Indonesian Tennis Association plans to send a team to Lebanon for several Davis Cup Asia-Oceania Group I matches.
Fri, 26 Jun 1998
A pact with the IMF
A pact with the IMF The government has signed yet another letter of intent with the International Monetary Fund (IMF) pledging to implement economic reform measures in return for the US$43 billion international assistance that the agency has organized for Indonesia.
Fri, 26 Jun 1998
Dire consequences
Dire consequencesFrom Bisnis IndonesiaAllow me to share my painful sorrow as a result of the May 14 tragedy, which is still very much alive in my memory.One of my friends, a young woman who was going to be married this year, was seriously injured on that fateful day.
Fri, 26 Jun 1998
Govt's letter of intent to the IMF
Govt's letter of intent to the IMF JAKARTA (JP): This is the full text of the latest letter of intent from the government of Indonesia, signed by Coordinating Minister of the Economy, Finance and Industry Ginandjar Kartasasmita, to the International Monetary Fund's Managing Director Michel...
Fri, 26 Jun 1998
Opel offers incentive to reinforce sales
Opel offers incentive to reinforce sales JAKARTA (JP): Opel has launched a new incentive program -- 5,000 liters of free gasoline and three years of free servicing and spare parts for every Blazer car purchased -- to boost flagging sales in the country's sluggish automotive market.Terence B.
Fri, 26 Jun 1998
Kobe completes RI expansion
Kobe completes RI expansion TOKYO (Dow Jones): A Japanese consortium of companies led by Kobe Steel Ltd has completed expansion of a chlor-alkali plant in Indonesia and the facility has begun commercial production, the major steelmaker said yesterday.
Fri, 26 Jun 1998
Djadja replaces Sjafrie as Jakarta military chief
Djadja replaces Sjafrie as Jakarta military chief JAKARTA (JP): Maj. Gen. Sjafrie Sjamsoeddin will be replaced as chief of the Jakarta Military Command after serving only eight months in the post.The new incoming commander is Maj. Gen.
Fri, 26 Jun 1998
Nonindigenous Indonesians
Nonindigenous IndonesiansFrom KompasI am not an Indonesian of foreign descent but an ethnic Javanese-Indonesian. In the recent riots, many Chinese- Indonesians were hurt. They saw their houses and shops burned down.
Fri, 26 Jun 1998
Better law enforcement needed
Better law enforcement needed In the wake of the May 14 riots in Jakarta and elsewhere, many Indonesian business people, especially those of Chinese descent, are reported to have fled abroad to find safety and conduct business.Although Armed Forces Chief Gen.
Fri, 26 Jun 1998
EU ambassadors to visit E. Timor
EU ambassadors to visit E. Timor JAKARTA (JP): Three European Union ambassadors will arrive in East Timor tomorrow for a four-day visit, in a move reflecting "continuing and increased concern" over the situation there, the British Foreign Office said in a statement.
Fri, 26 Jun 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Indian Photo Exhibition, National Museum, Jl. Medan Merdeka Barat 12, Central Jakarta (Phone: 3811551), Sunday, Tuesday to Thursday, 8:30 a.m. to 2:30 p.m., Friday, 8:30 a.m. to 11:30 a.m., Saturday, 8:30 a.m. to 1:30 p.m., until July 1.
Fri, 26 Jun 1998
City considers streamlining its agencies
City considers streamlining its agencies JAKARTA (JP): The city administration is studying the possibility of streamlining its 29 agencies by closing some and putting others under one roof, Governor Sutiyoso said yesterday.
Fri, 26 Jun 1998
Existing parties need tuning up, analysts advise
Existing parties need tuning up, analysts advise JAKARTA (JP): Political observers said yesterday that it would be more effective to reform the three main political parties -- the United Development Party (PPP), Golkar and the Indonesian Democratic Party (PDI) -- rather than forming myriad small...
Fri, 26 Jun 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 25, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 -25 120,000 Alumindo Light Metal 300 0 59,000 Alumindo...
Fri, 26 Jun 1998
Alcatel's new cell phone
Alcatel's new cell phone JAKARTA (JP): French telecommunications company Alcatel launched yesterday a new pocket size cellular phone, the Alcatel One Touch Com, for business people."Aside from giving a cellular phone service, Alcatel One Touch Com can also function as personal organizer and...
Fri, 26 Jun 1998
Pasar Jaya to help food distribution
Pasar Jaya to help food distribution JAKARTA (JP): PD Pasar Jaya, the city market managing company, will likely be involved in a food distribution center to be set up by the central government to help facilitate food distribution, an official said.
Fri, 26 Jun 1998
Trisakti tragedy revisited in documentary film
Trisakti tragedy revisited in documentary filmBy Stevie Emilia JAKARTA (JP): It seems some professionals are always busy, busy, busy. Or, at least, they are pretending to be, whatever the circumstances.
Fri, 26 Jun 1998
Rupiah, stocks cold on new IMF deal
Rupiah, stocks cold on new IMF deal JAKARTA (JP): The country's financial market was unmoved by a new agreement between the International Monetary Fund (IMF) and the government yesterday.The rupiah was locked at 14,800 against the U.S. dollar almost the whole trading day and the stock market fell 0.
Fri, 26 Jun 1998
Efficiency drive in East Jakarta
Efficiency drive in East Jakarta JAKARTA (JP): The East Jakarta Mayoralty is striving to substantially slash its expenses in a number of offices in a bid to improve efficiency, mayor Sudarsono said yesterday.
Fri, 26 Jun 1998
Social welfare
Social welfare Many steps are being taken to alleviate the suffering of people who lost their possessions during the turmoil of May 14, 1998, or the unemployed who lost their means of making a living. Many welfare institutions distributed staple foods to the people, especially those who live below...
Fri, 26 Jun 1998
Glodok electronic traders move to Mangga Dua Mall
Glodok electronic traders move to Mangga Dua Mall JAKARTA (JP): More than 300 traders specializing in computer, video and digital compact disc equipment have moved to Mangga Dua Mall from the old Glodok electronics center, which was destroyed in last month's riot.
Fri, 26 Jun 1998
KPC asks three state mining firms to buy stakes
KPC asks three state mining firms to buy stakes JAKARTA (JP): The country's largest coal mining company PT Kaltim Prima Coal (KPC) has invited three state mining companies PT Tambang Timah, PT Aneka Tambang and PT Batubara Bukit Asam to buy 23 percent of its stake to fulfill a mandatory divestment...
Fri, 26 Jun 1998
RI's memorandum of economic and financial policies
RI's memorandum of economic and financial policies The following is the text of Indonesia's Second Memorandum of Economic and Financial Policies attached to the letter of intent signed by Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita Thursday in Jakarta. 1.
Fri, 26 Jun 1998
Visa launches new debit card service
Visa launches new debit card service JAKARTA (JP): Visa International launched a new debit card service in Indonesia yesterday to tap into the country's growing number of bank depositors.Visa International country manager for Indonesia Ellyana C.
Fri, 26 Jun 1998
S'pore to launch economic measures
S'pore to launch economic measures HONG KONG (Reuters): Singapore will announce on Monday tax cuts and increases in infrastructure spending in a bid to counter the impact of the region's financial crisis, which is forcing the government to lower its 1998 growth forecast, a newspaper reported...
Fri, 26 Jun 1998
OPEC cuts could give Indonesia quick reward
OPEC cuts could give Indonesia quick reward SINGAPORE (Reuters): Crisis stricken Indonesia could reap immediate rewards from its decision to join in with OPEC's plan to cut output and shore up flagging prices, experts said yesterday.
Thu, 25 Jun 1998
Students protest at Golkar office
Students protest at Golkar office JAKARTA (JP): About 500 students staged a protest at the headquarters of Golkar yesterday, calling for the expulsion of two children of former president Soeharto from the dominant political organization.
Thu, 25 Jun 1998
Venues ready for 13th Asian Games
Venues ready for 13th Asian Games JAKARTA (JP): The Thai and Chinese national soccer teams will play a friendly match Saturday to try out the newly built Hua Mark Royal Stadium, Bangkok's venue for the opening and closing ceremonies of the 13th Asian Games in December.
Thu, 25 Jun 1998
Asian coffee trade slow as Indonesia holds stocks
Asian coffee trade slow as Indonesia holds stocks SINGAPORE (Reuters): Coffee prices in Southeast Asia hovered around their recent levels, but trade was sluggish with Indonesian farmers reluctant to sell coffee beans because of the volatility of the rupiah, traders said on Wednesday.
Thu, 25 Jun 1998
Lee Kuan Yew denies reports
Lee Kuan Yew denies reports SINGAPORE (DPA): Singapore's Senior Minister Lee Kuan Yew has denied press reports that he predicted Malaysia would take five years to recover from its economic crisis, a report said yesterday."Mr. Lee has not made any such statement.
Thu, 25 Jun 1998
Habibie makes missing persons cases a priority
Habibie makes missing persons cases a priority JAKARTA (JP): President B.J. Habibie told his Cabinet yesterday to make an all-out effort to trace activists who were still missing and to get to the bottom of the mysterious kidnappings.
Thu, 25 Jun 1998
Govt set to increase minimum wages
Govt set to increase minimum wages JAKARTA (JP): Minister of Manpower Fahmi Idris is expected to announce increases in the official minimum wages this week, a member of his staff said yesterday, Antara reported.
Thu, 25 Jun 1998
Navy, Air Force, Police get new chiefs
Navy, Air Force, Police get new chiefs JAKARTA (JP): Armed Forces (ABRI) Commander/Minister of Defense and Security Gen. Wiranto announced yesterday the appointment of new chiefs of the Navy, Air Force and National Police.Vice Admiral Widodo A.S.
Thu, 25 Jun 1998
Pedicabs allowed to grace city's streets once again
Pedicabs allowed to grace city's streets once again JAKARTA (JP): After 10 years of being banned from operating in the capital, becak (pedicabs) are once again allowed to ply Jakarta's streets, Governor Sutiyoso said yesterday.They will not, however, be allowed on main roads.
Thu, 25 Jun 1998
Nation's three presidents share common birth month
Nation's three presidents share common birth month JAKARTA (JP): What do Indonesia's three presidents -- Sukarno, Soeharto and B.J. Habibie -- all have in common? They were all born in June.Indonesia's first president was born on June 6, 1901, his successor Soeharto was born on June 8, 1921 and...
Thu, 25 Jun 1998
SNYL opens Manado office
SNYL opens Manado office JAKARTA (JP): Sewu New York Life (SNYL), a joint venture life insurance company, officially opened yesterday its branch office in Manado, North Sulawesi.The insurance company said the Manado office would be its 37th branch in Indonesia and the second in Sulawesi.
Thu, 25 Jun 1998
Thames Water pledges to stay despite woes
Thames Water pledges to stay despite woes JAKARTA (JP): British firm Thames Water International declared yesterday its determination to continue its 25-year cooperation contract with city-owned water company PDAM Jaya despite the current political and economic turmoil.
Thu, 25 Jun 1998
Taiwan firm seeks spot Duri crude on Perta term failure
Taiwan firm seeks spot Duri crude on Perta term failure SINGAPORE (Reuters): Taiwan state-owned Chinese Petroleum Corp (CPC) is seeking to source its July Duri crude needs from the spot market as its term supplier Perta Oil Trading fails to deliver, traders said yesterday.
Thu, 25 Jun 1998
Mahathir says he is ready to resign
Mahathir says he is ready to resign KUALA LUMPUR (AP): Prime Minister Mahathir Mohamad says he is prepared to step down if he is the cause of "distress" to people. "I don't think the world needs to sacrifice millions of jobs just to flush me out because I will go if I cause a lot of distress to so...
Thu, 25 Jun 1998
PM's daughter has water woes
PM's daughter has water woes KUALA LUMPUR (AP): Although authorities say the water supply situation in the Malaysian capital is improving, Prime Minister Mahathir Mohamad's daughter complained yesterday that her tap had been dry for two days.
Thu, 25 Jun 1998
The President and market trust
The President and market trustFrom NeracaAs a layman, I was startled to read in Neraca, June 8, a report Habibie: Market trust should not be connected with the Cabinet and himself.I know and understand that officials in the economic-monetary field, as well as other relevant experts, are at their...