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Wed, 24 Jun 1998
ADB meets on RI debt
ADB meets on RI debt MANILA (Dow Jones): The Asian Development Bank (ADB) said its board is scheduled to meet today to approve a US$1.5 billion program loan to strengthen and reform Indonesia's financial sector.
Wed, 24 Jun 1998
Righting a wrong
Righting a wrong Amid the endless and often absurd demands for reform aired lately, Monday's joint statement by Abdurrahman Wahid, the respected leader of the 30-million-strong Nahdlatul Ulama Moslem organization, and William Soeryadjaya, one of Indonesia's most prominent Chinese-Indonesian...
Wed, 24 Jun 1998
ABRI needs time: Habibie
ABRI needs time: Habibie JAKARTA (JP): President B.J. Habibie is asking for the public's patience to allow the Armed Forces (ABRI) to conduct "internal consolidation" and thorough investigations into the recent highly publicized occurrences of the Trisakti shootings, disappearances of political...
Wed, 24 Jun 1998
Yen stability boosts SE Asian currencies
Yen stability boosts SE Asian currencies SINGAPORE (Dow Jones): Southeast Asian currencies continued to ride higher on the back of the yen's precarious stability during Asian trading hours yesterday.In quiet trading, the baht, the Philippine peso, the ringgit and the Singapore dollar all edged...
Wed, 24 Jun 1998
Soeharto's 'forces' won't come back: Nurcholish
Soeharto's 'forces' won't come back: Nurcholish SEMARANG, Central Java (JP): Political observers remain unconvinced that forces loyal to former president Soeharto could make a comeback and stifle the wave of reform sweeping the country, despite still wielding strong influence in important circles.
Wed, 24 Jun 1998
A question of relevance
A question of relevance Now, there's an interesting question in your June 20 editorial: Is Golkar still relevant, given its past blemished record? Taking relevance in its broadest sense -- i.e. having a bearing on, or being pertinent to, the present situation -- it is difficult to see how Golkar...
Wed, 24 Jun 1998
Inflation may exceed 80% this year: Indef
Inflation may exceed 80% this year: Indef JAKARTA (JP): The worsening economy and the government's "populist" approach could push this year's inflation rate to over 80 percent, the Institute for Development of Economics and Finance (Indef) predicts.The Institute's program director, M.
Wed, 24 Jun 1998
Palm oil prices decline
Palm oil prices decline LONDON (Reuters): Palm oil prices continued to drift lower on the European vegetable oil market yesterday following the lower close in Kuala Lumpur.Traders said slow demand coupled with forecasts of high-than- expected Malaysian palm oil output during June depressed prices.
Wed, 24 Jun 1998
Neighborhood security system
Neighborhood security system JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin has urged city residents to improve security in their residential areas in a bid to help fight disturbances, particularly riots and burglaries.
Wed, 24 Jun 1998
Sutiyoso cuts his Rp 105m dress quota
Sutiyoso cuts his Rp 105m dress quota JAKARTA (JP): Governor Sutiyoso yesterday abruptly eliminated his Rp 105 million (US$7,500) official dress allowance from the city administration's 1998/1999 fiscal year budget.
Wed, 24 Jun 1998
World Cup kicks up lofty TV ratings
World Cup kicks up lofty TV ratings JAKARTA (JP): World Cup 98 has lived up to expectations by drawing big television audiences, with the opening match between Brazil and Scotland topping the ratings so far.Kusmarsanto of A.C.
Wed, 24 Jun 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Art exhibition: Works of Agus Suwage, at Galeripadi Jl. Ir. H. Juanda 329 Bandung (Phone: 022 2500578), 10 a.m. to 8 p.m., June 27 through July 19. * Poster Exhibition: Jerman di Dalam Khayalan, at Goethe Institut Bandung, Jl.
Wed, 24 Jun 1998
Indonesians mind their language at British Council
Indonesians mind their language at British Council JAKARTA (JP): The British Council has been in Indonesia almost since the country's independence.It was established here in 1948 and was then located in Bandung. About two decades later, it moved to Jl. Medan Merdeka Barat, Central Jakarta.
Wed, 24 Jun 1998
Air Force flies stranded passengers
Air Force flies stranded passengers JAKARTA (JP): The Indonesian Air Force launched a humanitarian operation, the Air Bridge Operation, at the Halim Perdanakusuma Airport yesterday, deploying three C-130-type Hercules military carriers to transport 403 people to Pontianak, West Kalimantan.
Wed, 24 Jun 1998
Australia wheat sales to Indonesia set to drop
Australia wheat sales to Indonesia set to drop CANBERRA (Reuters): Indonesia's imports of Australian wheat were expected to fall in 1998/99 because of its financial crisis, the Australian Bureau of Agricultural and Resources Economics (ABARE) said in its June quarter forecasts.
Wed, 24 Jun 1998
Mutilated body disposer only a courier: Police
Mutilated body disposer only a courier: Police TANGERANG (JP): Police said yesterday they strongly believe that the man who disposed of a mutilated female body on Sunday was just a courier hired by the murderer to dump the limbs.Tangerang Police chief Lt. Col.
Wed, 24 Jun 1998
Asian stock exchanges close lower
Asian stock exchanges close lower HONG KONG (AP): Most Asian stock markets fell yesterday, with shares slumping in Tokyo as investors remained nervous about the Japanese government's ability to boost the country's faltering economy.Tokyo's 225-issue Nikkei Stock Average shed 254.49 points, or 1.
Wed, 24 Jun 1998
220 youths join sailing training
220 youths join sailing training JAKARTA (JP): At least 220 students joined the 1998 Youth Sailing Training using five tall ships on the Java sea for three days, ending on Monday.The program was launched by Navy chief Adm.
Wed, 24 Jun 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 23, 1998: Buying Selling Rp Rp U.S. dollar 1 14,350.00 15,350.00Austrian shilling 1 1,082.80 1,234.40Australian dollar 1 8,590.10 9,164.00Belgian franc 1 382.60 405.60Canadian dollar 1 9,623.
Wed, 24 Jun 1998
Pertamina to import 1.8m barrels of gas oil in July
Pertamina to import 1.8m barrels of gas oil in July SINGAPORE (Reuters): Indonesia is looking to buy 1.8 million barrels of gas oil in July, the same volume as in June, a state- owned oil company Pertamina official said yesterday.
Wed, 24 Jun 1998
Thais want rethink on ASEAN policy
Thais want rethink on ASEAN policy BANGKOK (AP): Thailand's foreign minister is urging the Association of Southeast Asian Nations to review its long-held doctrine against noninterference in the affairs of member states.
Wed, 24 Jun 1998
Government sets standard selling prices for timber
Government sets standard selling prices for timber JAKARTA (JP): The government has set standard selling prices of various forest products destined for export as the basis for calculating the resource royalty provision.
Wed, 24 Jun 1998
Stock Exchanges
Stock ExchangesStock prices on the Jakarta Stock Exchange (in rupiah) on June 23, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 450 0 0 AHAP Insurance 575 0 0 Alter Abadi 525 0 105,000 Alumindo Light Metal 300 0 2,500 Alumindo...
Wed, 24 Jun 1998
Myanmar chief cites media 'lies'
Myanmar chief cites media 'lies' YANGON (AP): A senior general in Myanmar's military government has accused Western powers of trying to discredit the country by spreading lies through the news media.Lt. Gen.
Wed, 24 Jun 1998
Total reform of the economy not practical: Expert
Total reform of the economy not practical: Expert JAKARTA (JP): The view that Indonesia needs a complete structural economic reform to lift its economy out of its worst ever economic crisis might not be practical, a foreign expert said here yesterday."This is a very radical view.
Wed, 24 Jun 1998
70,000 people attend emotional service
70,000 people attend emotional service SEMARANG (JP): Seventy thousand people from all five recognized religions attended an emotional service here yesterday to pray for the nation's survival amid the economic turmoil.
Wed, 24 Jun 1998
Lyonnaise to embark on two water projects worth Rp 87 billion
Lyonnaise to embark on two water projects worth Rp 87 billion JAKARTA (JP): City-owned tap water company PDAM Jaya and French firm Lyonnaise des Eaux have reached an agreement to embark on the construction of two water projects worth Rp 87 billion (US$5.8 million) in West Jakarta.
Wed, 24 Jun 1998
Tourist numbers to dip amid scary media reports: Govt
Tourist numbers to dip amid scary media reports: Govt JAKARTA (JP): The government projected yesterday the country's foreign tourist arrivals may fall 5 percent this year over 1997's number due to the battery of negative foreign media reports.
Wed, 24 Jun 1998
Gulf finds new gas well
Gulf finds new gas well JAKARTA (JP): State-owned oil and gas firm Pertamina announced yesterday that Gulf Indonesia Resources Ltd had drilled a new gas well, the Rebonjaro Dalam-1, in its Corridor production sharing contract (PSC) area in South Sumatra.
Wed, 24 Jun 1998
Cilacap may open to charter flights
Cilacap may open to charter flights CILACAP, Central Java: Tunggul Wulung Airport here may be reopened on a chartered basis in the coming months pending negotiations with PT Pelita Air Service (PT PAS).
Wed, 24 Jun 1998
Labor union to defy military's threat
Labor union to defy military's threat JAKARTA (JP): The Indonesian Prosperous Labor Union (SBSI) indicated yesterday it remained determined to hold a workers demonstration today despite warnings from the military that troops would clamp down on any such protests.
Wed, 24 Jun 1998
Habibie to meet Belo today on East Timor
Habibie to meet Belo today on East Timor JAKARTA (JP): President B.J. Habibie will meet with Dili Bishop Carlos Felipe Ximenes Belo here this afternoon on what many expect to be a follow-up on the initiative to give greater autonomy to East Timor.
Wed, 24 Jun 1998
Yunus: Information ministry may become obsolete
Yunus: Information ministry may become obsolete JAKARTA (JP): Minister of Information Muhammad Yunus, acknowledging the government in the past spent too much money on his ministry which often only functioned to restrict information, said yesterday he could envision the department being scrapped...
Wed, 24 Jun 1998
Proposal to issue municipal bonds hailed
Proposal to issue municipal bonds hailed JAKARTA (JP): City councilors hailed yesterday the city administration's plan to issue municipal bonds as one of the alternatives to help raise locally generated revenue.
Wed, 24 Jun 1998
Rupiah still under pressure while shares climb 0.6%
Rupiah still under pressure while shares climb 0.6% JAKARTA (JP): The rupiah remained weak at 14,500 yesterday while stock prices on the Jakarta Stock Exchange (JSX) edged up 0.6 percent on reports of a possible International Monetary Fund (IMF) bailout disbursement, dealers and stockbrokers said.
Wed, 24 Jun 1998
SE Sulawesi food supply adequate
SE Sulawesi food supply adequate KENDARI, Southeast Sulawesi: The United Nations Children's Fund (Unicef) has categorized Southeast Sulawesi as one of Indonesia's provinces no longer facing food shortages.
Wed, 24 Jun 1998
Star hotels host Betawi food festival
Star hotels host Betawi food festival JAKARTA (JP): There are no big celebrations this year to mark Jakarta's anniversary. There are no colorful banners decorating the city's main streets.Jakarta turned 471 on Monday.
Wed, 24 Jun 1998
Golkar's sins
Golkar's sins Top functionaries of (the ruling party) Golkar assembled at Lembang, near Bandung, on Saturday, said the current reform tide had brought home to them the fact that they had not been doing things right.
Wed, 24 Jun 1998
Half-hearted reform of media policy
Half-hearted reform of media policyBy Atmakusumah JAKARTA (JP): A quick positive response by Information Minister Muhammad Yunus to demonstrating young journalists' demands for looser press control is quite astounding.
Wed, 24 Jun 1998
A solution for forests
A solution for forests The world's forests have been under siege since the turn of the century, but this year has been calamitous. In Canada, Brazil, Mexico, Central America, Africa and Indonesia, fires have destroyed some 16 million forested hectares (40 million acres).
Wed, 24 Jun 1998
PLN $105m short on gas, power payments
PLN $105m short on gas, power payments JAKARTA (JP): State electricity company PLN has failed to make payments on US$105 million owed for gas and power supplies over the past two months, its president said yesterday.
Wed, 24 Jun 1998
Japan's rice aid for RI
Japan's rice aid for RI TOKYO (AP): Japan will extend 10.99 billion yen in emergency grant aid to help economically battered Indonesia import rice, Japanese officials said yesterday.The Indonesian government will use the sum to import 500,000 tons of rice from Japan under lease contracts signed in...
Wed, 24 Jun 1998
Controversial governor focuses on development
Controversial governor focuses on developmentBy Efendy Naibaho MEDAN, North Sumatra (JP): Acrimonious allegations of collusion had tarnished news of his nomination, but Maj. Gen. Rizal Nurdin was eventually sworn in last week as governor of North Sumatra.
Wed, 24 Jun 1998
Former Telkom employee tried for phone bill scam
Former Telkom employee tried for phone bill scam JAKARTA (JP): A former employee of state-owned telecommunications company PT Telkom was indicted at the West Jakarta District Court yesterday for his alleged involvement in a phone bill scam which cost the firm Rp 2.37 billion (US$158,000) in losses.
Wed, 24 Jun 1998
EFIC pays A$1m insurance claims on exports to RI
EFIC pays A$1m insurance claims on exports to RI CANBERRA (Dow Jones): The Australian government's Export Finance and Insurance Corp., or EFIC, said yesterday it has paid around A$1 million insurance claims in recent months relating to exports to Indonesia.
Wed, 24 Jun 1998
BI's net forex reserves drop on yen fall
BI's net forex reserves drop on yen fall JAKARTA (JP): Bank Indonesia's net international reserves (NIR) declined by US$65.8 million on June 19 to $14.6 billion on June 12 due to overseas debt payment and the depreciation of the yen against the U.S. dollar, the central bank reported.
Wed, 24 Jun 1998
Farmer unrest dogs Chuan's government
Farmer unrest dogs Chuan's governmentBy Anchalee Koetsawang BANGKOK (Reuters): The moment of truth is almost at hand for Thai premier Chuan Leekpai and his government as thousands of poor farmers prepare to descend on Bangkok to air their grievances today.
Wed, 24 Jun 1998
RI, Malaysia eye local currencies for trade
RI, Malaysia eye local currencies for trade KUALA LUMPUR (Reuters): Indonesia and Malaysia Monday discussed the use of their currencies in bilateral trade, an Indonesian minister said after a meeting with Malaysian leaders.
Wed, 24 Jun 1998
Bapepam probes Semen Gresik case
Bapepam probes Semen Gresik case JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is currently investigating suspected insider trading of state- owned cement maker PT Semen Gresik shares on the Jakarta Stock Exchange (JSX).
Tue, 23 Jun 1998
Governor fires 37 city officials for misconduct
Governor fires 37 city officials for misconduct JAKARTA (JP): Thirty-seven city administration officials have been fired for violating regulations and codes of conduct, Governor Sutiyoso said yesterday.