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Tue, 14 Jul 1998
Weekly news tabloid 'DeTAK' set to hit newsstand today
Weekly news tabloid 'DeTAK' set to hit newsstand today JAKARTA (JP): A new weekly news tabloid DeTAK, a reincarnation of the DeTIK tabloid banned four years ago by the government, will hit the newsstand today, its chief editor Eros Djarot announced here yesterday.
Tue, 14 Jul 1998
Mt Merapi belches more hot ash clouds
Mt Merapi belches more hot ash clouds YOGYAKARTA (JP): Mt. Merapi belched more hot clouds yesterday, but with the government easing the alert status, the volcano's activity provoked more amazement than fear, at least among people in Yogyakarta.
Tue, 14 Jul 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), Tuesday to Sunday, 10 a.m. to 4 p.m., until July 19. * Painting Exhibition by Roedyat Martadiradja, Tatang Ganar, Marilies Forster, Elly Roedyat, etc, in the...
Tue, 14 Jul 1998
RP exports more cooking oil
RP exports more cooking oil MANILA (Reuters): Coconut oil prices in Rotterdam may decline this week on prospects of more exports from the Philippines, Manila vegetable oil traders said yesterday."Exports in July are still huge, probably in the range of 100,000-110,000 tonnes from the Philippines...
Tue, 14 Jul 1998
Atracting dollars without risk (2)
Atracting dollars without risk (2)By C.J. de Koning This is the second of two articles on the monetary crisis. JAKARTA (JP): Indonesia's monthly trade surplus grew to US$2 billion by last March. International funding for trade transactions, however, decreased dramatically over the same period.
Tue, 14 Jul 1998
McDonald's offers cheap package
McDonald's offers cheap package JAKARTA (JP): With the skyrocketing prices of services and goods in mind, particularly those for food, McDonald's Indonesia introduced over the weekend its RiceEgg package meal.Priced at Rp 2,000 (13 U.S.
Tue, 14 Jul 1998
Recession hits Malaysia
Recession hits Malaysia KUALA LUMPUR, Malaysia (AP): Shedding wishful thinking about the once roaring economy, Malaysia admitted yesterday that it would slip into recession this year, confirming the worst fears of financial analysts.
Tue, 14 Jul 1998
Guarantee urged for Indonesians who fled
Guarantee urged for Indonesians who fled JAKARTA (JP): The Coordinating Agency for National Unity (Bakom PKB) called on the Armed Forces yesterday to provide a security guarantee so that the estimated 40,000 Indonesians of Chinese descent who fled abroad in the wake of unrest can return.
Tue, 14 Jul 1998
Indonesia to keep monetary policy relatively tight
Indonesia to keep monetary policy relatively tight TOKYO (Reuters): Bank Indonesia will maintain a relatively tight monetary policy until pressures on the rupiah and inflation diminish, the central bank's managing director Achjar Iljas said here yesterday.
Tue, 14 Jul 1998
Thai minister tells Australia to stay
Thai minister tells Australia to stay SYDNEY, Australia (AP): Australia must not withdraw from Southeast Asia in response to the region's economic crisis, Thai Foreign Minister Dr. Surin Pitsuwan told Australian businesses and the government yesterday."No country is an island," Surin told reporters.
Tue, 14 Jul 1998
PAL seeks debt suspension
PAL seeks debt suspension MANILA (Dow Jones): Cash-strapped Philippine Airlines is seeking a five-year suspension of payment on its 85 billion pesos (PHP) worth of debt under a rehabilitation plan it submitted to the Securities and Exchange Commission.Commission Chairman Perfecto Yasay Jr.
Tue, 14 Jul 1998
Local teledramas require more, better scriptwriters
Local teledramas require more, better scriptwritersBy Sunaryono Basuki Ks DENPASAR (JP): The growth of Indonesian teledramas requires good materials for the stories. Many television workers have complained about the lack of good sources for their films because today, they are forced to produce...
Tue, 14 Jul 1998
French-Indonesian trade keeps growing
French-Indonesian trade keeps growing Trade between France and Indonesia is growing steadily and reached FF 14.7 billion (US$2.5 billion) in 1997, an increase of 26 percent over 1996. French exports were boosted by the delivery of four Airbus A330 to Garuda Indonesia, and grew overall by 33 percent.
Tue, 14 Jul 1998
Singapore agrees to buy natural gas from Natuna
Singapore agrees to buy natural gas from Natuna JAKARTA (JP): State oil and gas company Pertamina and Singapore's Sembawang Gas (SembGas) yesterday signed a massive deal paving the way for the first international sale of natural gas piped from the western coast of Natuna island to the city state.
Tue, 14 Jul 1998
Media lifts lid on Tommy's love life
Media lifts lid on Tommy's love lifeBy Ahmad Junaidi JAKARTA (JP): Ever heard the rumors about beautiful celebrities that Hutomo "Tommy" Mandala Putra has dated?When his father, Soeharto, was the dreaded president of the republic that's all they were, tittle-tattle confined to saucy word of mouth...
Tue, 14 Jul 1998
Scared citizens asked not to flee troubled E. Timor
Scared citizens asked not to flee troubled E. Timor JAKARTA (JP): Amid the exodus of thousands of migrants leaving East Timor, Governor Abilio Jose Osoario Soares called for calm yesterday and urged people not to panic on hearing rumors of riots in the province.
Tue, 14 Jul 1998
Lippo Bank books 445% profit hike
Lippo Bank books 445% profit hike JAKARTA (JP): Publicly listed Lippo Bank announced a record 445 percent jump in profits yesterday to Rp 530 billion (about US$5.4 million) during the first half of the year compared to the same period in 1997.
Tue, 14 Jul 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 13, 1998: Buying Selling Rp Rp U.S. dollar 1 15,000.00 16,000.00Austrian shilling 1 1,115.60 1,280.50Australian dollar 1 8,968.00 9,624.80Belgian franc 1 394.20 421.00Canadian dollar 1 9,952.
Tue, 14 Jul 1998
Governor hails advise on share in companies
Governor hails advise on share in companies JAKARTA (JP): Governor Sutiyoso welcomed yesterday suggestions that the city sell its shares in nonperforming private companies to keep the city administration going in the economic crisis.He said he would first assess each company's performance.
Tue, 14 Jul 1998
Indonesian insurance brokers call for riot payments
Indonesian insurance brokers call for riot payments SINGAPORE (Reuters): An Indonesian insurance brokers group has said it was deeply concerned about a delay in acceptance of claims arising from May's riots.
Tue, 14 Jul 1998
Racial implication
Racial implication Mr. Widjaja's remarks about pribumi (indigenous people) and non-pribumi (nonindigenous people) in his letter Indonesians of Chinese descent on June 20 is right. The distinction of indigenous and nonindigenous people has a racial overtone.
Tue, 14 Jul 1998
Cut in log export tax fails to attact local timber firms
Cut in log export tax fails to attact local timber firms JAKARTA (JP): Selling logs overseas remains unprofitable despite the slashing of the export tax on the commodity, a senior forestry official said here yesterday.Director General of Forest Utilization Harnanto H.
Tue, 14 Jul 1998
Asian marts jolted by Japan election shock
Asian marts jolted by Japan election shock SINGAPORE (Reuters): Most Asian markets fell yesterday after a stunning election setback for Japan's ruling party, although Tokyo recovered in late trade as hope grew that the rebuke delivered by voters would spur faster reform.
Tue, 14 Jul 1998
Officials of Soeharto's foundations queried
Officials of Soeharto's foundations queried JAKARTA (JP): Attorney General Lt. Gen. Andi Muhammad Ghalib said yesterday his office had questioned several of the officials who manage four giant charities chaired by former president Soeharto.
Tue, 14 Jul 1998
Minister calls for Japanese aid to go on
Minister calls for Japanese aid to go on TOKYO (Dow Jones): The political vacuum in Japan will hurt the yen and increase uncertainty in the region, Indonesia's Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said yesterday.
Tue, 14 Jul 1998
Wiranto reelected GABSI chief
Wiranto reelected GABSI chief JAKARTA (JP): Commander of the Armed Forces Gen. Wiranto was elected for a third term as chairman of the Indonesian Contract Bridge Association (GABSI) at its national congress in Mataram, West Nusa Tenggara, last week.
Tue, 14 Jul 1998
Asian palm oil prices seen firming on weak currencies
Asian palm oil prices seen firming on weak currencies KUALA LUMPUR (Reuters): Asian palm oil prices are expected to be firm this week on increased buying due to weak regional currencies and anticipation of bullish Malaysian official crop data for June, traders said.
Tue, 14 Jul 1998
Creative games for kindergartens
Creative games for kindergartens JAKARTA (JP): A one-day competition on creative games for students from local and international kindergartens and primary schools will be held at Taman Mini Indonesia Indah on July 26, organizers said over the weekend.
Tue, 14 Jul 1998
Employers call on govt to review new labor law
Employers call on govt to review new labor law JAKARTA (JP): The Indonesian Employers Association (Apindo) has urged the House of Representatives and the government to review the controversial new labor law before its enforcement in October.
Tue, 14 Jul 1998
Woman falls to her death
Woman falls to her death JAKARTA (JP): A female engineer died after falling down an elevator shaft from the 26th floor of the Menara Tujuh Gading apartment building in North Jakarta yesterday morning, police said.
Tue, 14 Jul 1998
Asia needs U.S. to avoid crash
Asia needs U.S. to avoid crash MANILA (Reuters): The Philippines said yesterday that support from the United States was vital if Asia was to avoid a depression.Foreign Secretary Domingo Siazon said a depression could spark regional conflicts unless it received outside help.
Tue, 14 Jul 1998
Total Indonesie enhances RI LNG export capability
Total Indonesie enhances RI LNG export capability Total Indonesie, a subsidiary of a major international oil and gas company based in Paris, has been operating in Indonesia since 1968 under a Production Sharing Contract with Pertamina.
Tue, 14 Jul 1998
Australian firm has RI payment problems
Australian firm has RI payment problems SYDNEY (Dow Jones): Australia's Energy Equity Corp., a stakeholder in the Indonesian Sengkang gas and power project, said yesterday that an Indonesian state-owned power company has failed to pay two electricity bills in full.
Tue, 14 Jul 1998
Three refuse to join Golkar executive board
Three refuse to join Golkar executive board JAKARTA (JP): Less than 48 hours after the lineup of the new Golkar executive board was announced, three people have already refused to join.Newly-elected Golkar chairman Akbar Tandjung said Indra Bambang Utojo, Didit Hariyadi and Salim Said had decided...
Tue, 14 Jul 1998
RI teenager takes Brunei men's title
RI teenager takes Brunei men's title BANDAR SERI BEGAWAN (Reuters): Indonesian teenager Taufik Hidayat and China's Gong Ruina created big upsets when they won the men's and women's titles in the Brunei Open badminton tournament on Sunday.
Tue, 14 Jul 1998
ASEAN to discuss ending policy of nonintervention
ASEAN to discuss ending policy of nonintervention MANILA (AP): The Association of Southeast Asian Nations, based since its start on non-interference in each others' internal affairs, has matured and is ready to consider more direct involvement and criticism, an official said yesterday.
Tue, 14 Jul 1998
OECD says investment in Asia not dented by crisis
OECD says investment in Asia not dented by crisis PARIS (Reuters): The OECD said on Sunday that foreign direct investment (FDI) into Southeast Asia had not been dented by the financial crisis and the outlook for this kind of investment remained mixed.
Tue, 14 Jul 1998
License to report
License to report One could not agree more with President B.J. Habibie's desire to see a higher standard of professionalism among Indonesian journalists. In this era of globalization, professionalism in any field is crucial.
Tue, 14 Jul 1998
Toyota produces Asian car
Toyota produces Asian car TOKYO (Reuters): Toyota Motor Corp. said yesterday that it has begun production of a multi-purpose vehicle for the Asian market, Toyota Unser, in Malaysia.The new vehicle will be available on July 17 with two types, one with a 1.
Tue, 14 Jul 1998
On fasting
On fastingFrom Media IndonesiaThe appeal of President B.J. Habibie that, in order to save rice, the people should fast on Mondays and Thursdays, is causing deep concern.Actually this appeal would be better directed at government officials -- ministers, governors, mayors, regents, district and...
Tue, 14 Jul 1998
Classes halted at university
Classes halted at university JAYAPURA, Irian Jaya: Classes have been suspended at Cendrawasih University here due to heightened tension between students and security personnel over the recent shooting of two students during a free speech forum.
Tue, 14 Jul 1998
Government to cut petrochemical tariffs
Government to cut petrochemical tariffs JAKARTA (JP): The government plans to cut import tariffs on several chemical and petrochemical products by Nov. 10 to boost the local downstream chemical industry, Minister of Trade and Industry Rahardi Ramelan said yesterday.
Tue, 14 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 13, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 375 0 0 AHAP Insurance 575 0 0 Alter Abadi 500 0 231,000 Alumindo Light Metal 350 0 0 Alumindo...
Tue, 14 Jul 1998
Japan dampens Asian rubber mart
Japan dampens Asian rubber mart SINGAPORE (Reuters): Worries over post-election Japan and continued weakness in regional currencies are set to send more shivers through Southeast Asia's dull rubber market this week, regional traders said yesterday."There has been very little physical trade recently.
Tue, 14 Jul 1998
EU states urge rethink on cotton dumping duties
EU states urge rethink on cotton dumping duties BRUSSELS (Reuters): Eight European Union states yesterday complained to the European Commission over its decision to impose anti-dumping duties on imports of unbleached cotton from six non- EU countries.
Tue, 14 Jul 1998
Reporter gets 4.5 months in jail over phony ID
Reporter gets 4.5 months in jail over phony ID JAKARTA (JP): A journalist received a jail sentence yesterday of four months and 15 days for faking a press identification card to cover the general session of the People's Consultative Assembly (MPR) in March this year.
Tue, 14 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$11.65 a barrel on Friday, up from $11.62 a barrel on Thursday, the OPEC news agency said quoting the OPEC Secretariat.
Tue, 14 Jul 1998
BCEOM completes 65 projects and studies
BCEOM completes 65 projects and studies At present, BCEOM Indonesia has a permanent staff of more than 30 professional expatriates and 200 Indonesians. It has completed more than 65 projects and studies since its establishment here (1982) and is presently focused on the present issues of Indonesian...
Mon, 13 Jul 1998
Jewelry traders shine amid financial crisis
Jewelry traders shine amid financial crisis JAKARTA (JP): The monetary crisis caused by the fluctuating rupiah has brought nothing but disaster to people running property, automotive or electronic businesses.
Mon, 13 Jul 1998
SCB helps orphanages
SCB helps orphanages JAKARTA (JP): Standard Chartered Bank and its employees recently donated Rp 130 million (about US$9,285) to help orphanages in the country as part of its "Peduli" social activity campaign.