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Thu, 16 Jul 1998
Asian stocks close higher after Japan fears quelled
Asian stocks close higher after Japan fears quelled HONG KONG (AP): Overcoming their initial uncertainty, most Asian stocks closed higher yesterday buoyed by optimism that the next government will get the ailing Japanese economy back on track.
Thu, 16 Jul 1998
Merapi ash hits town 150 km away
Merapi ash hits town 150 km awayAntara MAGELANG, Central Java (JP): The volcanic ash spewed by Mount Merapi in the past few days has fallen about 150 kilometers west of the volcano on parts of Gombong town, Kebumen regency.
Thu, 16 Jul 1998
W. Cup hosts go ahead with stadium plans
W. Cup hosts go ahead with stadium plans TOKYO (Reuters): Japan and South Korea, co-hosts of the 2002 World Cup, are pushing ahead with their plans to build new stadiums despite the economic crisis in Asia.
Thu, 16 Jul 1998
Editor's resignation sparks fear in KL press
Editor's resignation sparks fear in KL press KUALA LUMPUR (Agencies): The resignation of the editor of a top Malaysian newspaper group has sent a chill through the local media with speculation that more heads will roll as Prime Minister Mahathir Mohamad shores up his power base.
Thu, 16 Jul 1998
Kopassus chiefs might be probed
Kopassus chiefs might be probed JAKARTA (JP): The ongoing investigation into the abductions of political activists will not stop at the current seven Army special force (Kopassus) suspects as the unit's former commanders might also be questioned.Maj. Gen.
Thu, 16 Jul 1998
Petronas to make car engine
Petronas to make car engine KUALA LUMPUR (DPA): Malaysia's state oil firm Petronas and national carmaker Proton have agreed to form a joint venture company to develop car engines and transmissions and conduct research, company officials confirmed yesterday.
Thu, 16 Jul 1998
Anton denies police accusations on riots
Anton denies police accusations on riots JAKARTA (JP): Dressed in black suit, scarf and Moslem cap, ex- convict-turned-Moslem preacher Anton Medan responded to a second police summons yesterday afternoon.
Thu, 16 Jul 1998
'Ojek' driver tried for rapes
'Ojek' driver tried for rapes JAKARTA (JP): An ojek (motorcycle taxi) driver was indicted at the Central Jakarta District Court yesterday for raping four minor girls.Prosecutor Rosmanida said the 23-year-old defendant, Saptanius, sexually abused the girls aged between five and eight in his house on...
Thu, 16 Jul 1998
Habibie condemns May rapes, conveys regret
Habibie condemns May rapes, conveys regret JAKARTA (JP): President B.J. Habibie condemned yesterday the rape of dozens of women during and after the May riots in Jakarta and other cities, and promised greater protection for women.
Thu, 16 Jul 1998
Tondo residents demand amends
Tondo residents demand amends PALU, Southeast Sulawesi: Tondo subdistrict residents are threatening to block the main road leading to Tadulako University unless they receive adequate compensation for land appropriated from them 16 years ago.
Thu, 16 Jul 1998
RI will need int'l help beyond 1999: Downer
RI will need int'l help beyond 1999: Downer CANBERRA (AP): Indonesia will continue to need international financial aid "over the coming year and beyond," Australian Foreign Minister Alexander Downer said yesterday.Downer, who visited Indonesia last week, said in a speech that President B.J.
Thu, 16 Jul 1998
Police still fishing for suspects in shrimp theft
Police still fishing for suspects in shrimp theft TANGERANG (JP): The police have caught none of an estimated 2,000 people who stole about 1.5 tons of shrimps in Teluknaga coast on Monday night.Chief of the investigation unit of Tangerang Police precinct Capt.
Thu, 16 Jul 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Dewata Band, Monday to Saturday, 9 p.m. to 1:30 a.m., X-Men Band, Sunday 9 p.m. to 1:30 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m.
Thu, 16 Jul 1998
Laid-off workers to get some financial relief
Laid-off workers to get some financial relief JAKARTA (JP): Workers who have been laid-off due to the economic crisis may get some reprieve as the state-owned insurance company, PT Jamsostek, has promised to provide each of them between Rp 100,000 (US$7.15) and Rp 250,000.
Thu, 16 Jul 1998
The future of ABRI's dual function
The future of ABRI's dual functionBy Sayidiman Suryohadiprojo JAKARTA (JP): For people who do not know enough about the history of Indonesia and its Armed Forces, it seems rather strange that the Indonesian Armed Forces (ABRI) has a sociopolitical function.
Thu, 16 Jul 1998
Sumitomo's cargo to Jakarta
Sumitomo's cargo to Jakarta TOKYO (Nikkei): A Sumitomo Corp. subsidiary has begun arranging air cargo service to an Indonesian industrial center housing numerous Japanese manufacturers, the Nihon Keizai Shimbun today's morning edition reported.
Thu, 16 Jul 1998
Junus quits Batam authority
Junus quits Batam authority JAKARTA (JP): President B.J. Habibie's brother Junus Effendi Habibie resigned yesterday as head of the Batam Island Industrial Development Authority.Junus, more popularly called Fanny, had first said he would quit following the appointment of his elder brother as the...
Thu, 16 Jul 1998
OPEC's basket price rises
OPEC's basket price rises LONDON (Reuters): The price of OPEC's basket of seven crudes rose to US$12.09 a barrel on Tuesday, from $11.59 a barrel on Monday, the OPEC news agency said quoting the OPEC Secretariat.
Thu, 16 Jul 1998
Media closed to foreign investors
Media closed to foreign investors JAKARTA (JP): The government has issued a list of sectors closed to foreign investment, including the mass media, film and cinema, land transportation, forest concessions and freshwater fish breeding.
Thu, 16 Jul 1998
Official says RI needs people-oriented economy
Official says RI needs people-oriented economy JAKARTA (JP): Indonesia must shift to a more people-oriented economy from the current strictly capitalistic system to ensure fair distribution of wealth for its people, a government staff expert has advised.
Thu, 16 Jul 1998
Nod likely for RI bank debt plan
Nod likely for RI bank debt plan SINGAPORE (Dow Jones): At the end of a six-city roadshow to sell the Frankfurt debt agreement to creditors, Indonesian officials said yesterday the presentations received a "good response" and an agreement on US$7 billion in bank debt should be in place within a...
Thu, 16 Jul 1998
Reform movement is at a standstill
Reform movement is at a standstill Recent events have threatened to bring the reform movement to a halt. Mochtar Mas'oed, lecturer in political science at Gadjah Mada University in Yogyakarta, proposes a way out to put its progression back on track.
Thu, 16 Jul 1998
Police release activist Andi Arief
Police release activist Andi Arief JAKARTA (JP): Student activist Andi Arief, who was abducted in southern Sumatra in March but found one month later in a Jakarta police cell, was released by police Tuesday night.
Thu, 16 Jul 1998
Financial markets extend their gains on IMF loan news
Financial markets extend their gains on IMF loan news JAKARTA (JP): The Indonesian financial markets extended their gains yesterday, with the rupiah improving to 14,350 against the dollar and stock prices rising 0.
Thu, 16 Jul 1998
Betawi arts body holds cultural event at Taman Ria Senayan
Betawi arts body holds cultural event at Taman Ria Senayan JAKARTA (JP): The Betawi Arts Foundation (LKB) is holding a five-day Betawi cultural event called Gelar Budaya Betawi to celebrate Jakarta's 471st anniversary at Taman Ria Senayan amusement park in Central Jakarta.
Thu, 16 Jul 1998
Government plans to limit ownership of forest assets
Government plans to limit ownership of forest assets JAKARTA (JP): The government is considering limiting corporate and personal ownership of the country's forest concessions to prevent a concentration of forest assets in the hands of a small number of companies.
Thu, 16 Jul 1998
High export tax on CPO encourages smuggling: Experts
High export tax on CPO encourages smuggling: Experts JAKARTA (JP): The government must ease the restrictions on exports of crude palm oil (CPO) products to prevent the country's oil palm plantation companies from collapsing and to help stabilize the country's deteriorating macroeconomic condition,...
Thu, 16 Jul 1998
IDB guarantees RI's LCs
IDB guarantees RI's LCs JAKARTA (JP): The Islamic Development Bank (IDB) has agreed to extend a US$240 million guarantee on letters of credit to the Indonesian Exporters Association.The bank was quoted by Antara as saying yesterday that the facility would allow association members to export...
Thu, 16 Jul 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 15, 1998: Buying Selling Rp Rp U.S. dollar 1 14,000.00 14,900.00Austrian shilling 1 1,059.90 1,213.00Australian dollar 1 8,613.70 9,226.00Belgian franc 1 374.70 398.90Canadian dollar 1 9,379.
Thu, 16 Jul 1998
Indonesia signs Kyoto treaty on greenhouse gas emissions
Indonesia signs Kyoto treaty on greenhouse gas emissions JAKARTA (JP): Indonesia's permanent representative to the United Nations, Ambassador Makarim Wibisono, signed in New York on Monday the United Nations Framework on Climate Change Convention, better known as the Kyoto Protocol, making...
Thu, 16 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 15, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 325 -50 33,500 AHAP Insurance 575 0 0 Alter Abadi 525 0 1,518,500 Alumindo Light Metal 350 0 0 Alumindo...
Thu, 16 Jul 1998
Reforestation fund reaches Rp 1.14t
Reforestation fund reaches Rp 1.14t JAKARTA (JP): The Ministry of Forestry and Plantations announced yesterday that the reforestation fund reached a total of Rp 1.14 trillion (US$100 million) at the end of March this year.
Thu, 16 Jul 1998
Help starving inmates!
Help starving inmates! Panti Sosial Bina Laras 3 is an institution for mentally ill people scooped up from the streets of Jakarta. The government funding it receives amounts to Rp 1,400 (10 cents U.S.) per day per inmate. It was previously supported mostly by ethnic Chinese people.
Thu, 16 Jul 1998
Dramatic rise in post office rate
Dramatic rise in post office rate Through this letter, I would like to tell the Indonesian postal service that in this era of reform, it is not considering the people's interest.A friend of mine told me that it cost her Rp 12,800 to send a letter to Italy.
Thu, 16 Jul 1998
School principal 'raped' pupil
School principal 'raped' pupil CIREBON, West Java: The 50-year-old principal of Jatianom elementary school in Cirebon will go on trial this month for allegedly raping a 13-year-old student in May after telling her it was a prerequisite for her to pass her final examination.
Thu, 16 Jul 1998
Two live bullets found at Cenderawasih Univeristy
Two live bullets found at Cenderawasih Univeristy JAKARTA (JP): A fact-finding team led by Irian Jaya Military Police Commander Lt. Col. Armen B. found two live bullets yesterday at the Cenderawasih University campus.
Thu, 16 Jul 1998
Fishermen protest use of trawls
Fishermen protest use of trawls MEDAN, North Sumatra: Hundreds of traditional fishermen gathered to meet governor Rizal Nurdin yesterday to protest the use of trawls by large fleets.The fishermen demanded the governor revoke licenses of large fishing trawls in the province's waters.
Thu, 16 Jul 1998
Cinemas on the brink of bankcruptcy
Cinemas on the brink of bankcruptcy JAKARTA (JP): At least 800 cinemas are on the verge of bankruptcy and may soon follow the 3,000 that have already closed down.The Ministry of Information's director general of radio, television and film, Ishadi SK, said yesterday that most of the 800 cinemas...
Wed, 15 Jul 1998
Soft loan for the poor
Soft loan for the poor TANGERANG (JP): The mayoralty has allocated Rp 2 billion in soft loans to help poor families start or develop businesses to survive the economic crisis.The loans have a 12 percent interest rate and are provided by Bank Negara Indonesia in cooperation with the National Family...
Wed, 15 Jul 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 14, 1998: Buying Selling Rp Rp U.S. dollar 1 14,500.00 15,400.00Austrian shilling 1 1,093.10 1,248.80Australian dollar 1 8,834.20 9,446.90Belgian franc 1 386.40 410.70Canadian dollar 1 9,695.
Wed, 15 Jul 1998
China concerned about May riots
China concerned about May riots BEIJING (Agencies): China expressed "concern and sympathy" Monday for ethnic Chinese people attacked in bloody riots in Indonesia and called on Indonesia's government to prevent further violence.
Wed, 15 Jul 1998
Officer suspected for tampering
Officer suspected for tampering YOGYAKARTA: Police Sgt. Edy Wuryanto has been identified as a suspect for tampering with evidence in the case surrounding slain journalist Fuad Muhammad Syafruddin.Yogyakarta Military Police chief Lt. Col. Unggul K.
Wed, 15 Jul 1998
Forex losses a 'time bomb' for listed firms
Forex losses a 'time bomb' for listed firms JAKARTA (JP): At least 166 of the country's 289 listed companies toppled into the red last year due to massive foreign exchange losses, the Indonesian Business Data Center (PDBI) reported yesterday.They suffered total foreign exchange losses of Rp 18.
Wed, 15 Jul 1998
KLM plans alliances
KLM plans alliances BOMBAY (Dow Jones): KLM Royal Dutch Airlines is exploring possibilities of venturing into infrastructure and airport modernization in India, Leo van Wilk, chief executive officer and president of KLM said yesterday.
Wed, 15 Jul 1998
Asian bankers urge Japan to act
Asian bankers urge Japan to act TOKYO (Reuters): Asia-Pacific central bankers, meeting in Tokyo yesterday, urged Japan to take decisive measures on its economy and agreed they would provide each other with yen in times of tight liquidity.
Wed, 15 Jul 1998
Taiwan invests in Malaysia
Taiwan invests in Malaysia KUALA LUMPUR (AP): Taiwanese companies invested $160.5 million in 26 projects in Malaysia in this year's first six months, signaling growing business links between the countries despite the absence of diplomatic ties.
Wed, 15 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 14, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 375 0 0 AHAP Insurance 575 0 0 Alter Abadi 525 25 1,197,000 Alumindo Light Metal 350 0 0 Alumindo Perkasa...
Wed, 15 Jul 1998
Changes in Golkar's makeup are only skin-deep
Changes in Golkar's makeup are only skin-deep Golkar may have picked a new leader at its congress over the weekend, but political analyst J. Soedjati Djiwandono believes the New Order's former electoral machine has failed to reform itself.
Wed, 15 Jul 1998
Yeltsin opens Youth Games
Yeltsin opens Youth Games JAKARTA (JP): Indonesia has sent two fencers and a coach to the first World Youth Games in Moscow, to be held from July 11 to July 19.Russian President Boris Yeltsin opened the Games at the Luzhniki Olympic stadium on Monday in a ceremony also attended by the International...
Wed, 15 Jul 1998
Rape victims have no future
Rape victims have no futureFrom Media IndonesiaAs a woman and as a member of the House of Representatives , I am deeply concerned about the recent riots which were marked by looting, burning, killing and the systematic rape of women. Most of the rape victims were women of Chinese descent.