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Thu, 09 Jul 1998
A matter of will
A matter of will Many people assumed that the economy would automatically recover as soon as the government of President B.J. Habibie won the approval of major aid donors for its handling of the economy. It is now clear they could not have been more wrong.
Thu, 09 Jul 1998
Rupiah sinks to 15,000 and stock prices slide
Rupiah sinks to 15,000 and stock prices slide JAKARTA (JP): The rupiah sank yesterday past the 15,000 level to the U.S. dollar, and stock prices dipped 2.3 percent over profit taking after a week of gains.
Thu, 09 Jul 1998
Toyota sees exports rising
Toyota sees exports rising TOKYO (Reuters): Toyota Motor Corp said yesterday it expected exports from its plants in four Southeast Asian nations to rise to 36 billion yen in 1998 from 29 billion yen in 1997, with further growth to 80 billion yen expected by 2000.
Thu, 09 Jul 1998
Sjafrie joins villagers in first corn harvest
Sjafrie joins villagers in first corn harvest BEKASI (JP): Outgoing Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin marked the first corn harvest of a farming project jointly sponsored by his personnel and farmers of Ragem Manunggal village in Setu district here yesterday morning.
Thu, 09 Jul 1998
RI's foreign debt soars to $138 billion
RI's foreign debt soars to $138 billion JAKARTA (JP): Indonesia's foreign obligations rose by 4 percent to US$138 billion as of the end of March, up from $131.7 billion in February, the central bank reported yesterday.The rise was caused by a $6.
Thu, 09 Jul 1998
Chase optimistic on RI debt exchange program
Chase optimistic on RI debt exchange program NEW YORK (Dow Jones): Chase Manhattan Bank Corp. will tender all Indonesian bank debt eligible for exchange for new loans as part of the country's sweeping debt restructuring program, the chief credit officer of the U.S. bank said Tuesday.
Thu, 09 Jul 1998
Prolong drought may hamper RI food supply: FAO
Prolong drought may hamper RI food supply: FAO JAKARTA (JP): The state of the food supply in Indonesia continues to deteriorate and could worsen further as the August rice harvest may fall below initial predictions, a United Nations agency said yesterday.
Wed, 08 Jul 1998
Uniforms business not for principals
Uniforms business not for principals TANGERANG (JP): The mayoralty's education and culture office has banned all high school principals from involvement in the provision of school uniforms and textbooks.
Wed, 08 Jul 1998
Complaints PO Box gets good public response
Complaints PO Box gets good public response JAKARTA (JP): Two weeks after being launched, the post office box set up by the city administration to receive complaints about the illegal activities of city employees has received 150 letters, an official said yesterday.
Wed, 08 Jul 1998
Percussion festival to cheer up Jakarta Fair
Percussion festival to cheer up Jakarta Fair JAKARTA (JP): Fewer music festivals are held these days, but the Jakarta Percussion Festival '98 (Jakperc '98) is one to look forward to.Various groups are scheduled to perform at the festival, which will be held at the Jakarta Fairground, Kemayoran,...
Wed, 08 Jul 1998
CPO price jumps US$20 per ton
CPO price jumps US$20 per ton LONDON (Reuters): Crude palm oil prices reached about US$20 a ton up at the opening of the European vegetable oil market yesterday following news that Indonesia is to raise export duty on crude palm oil (CPO) and that India is to tender to buy palm olein.
Wed, 08 Jul 1998
Pedicab drivers demand to ply narrow streets
Pedicab drivers demand to ply narrow streets JAKARTA (JP): About 2,000 becak (pedicab) drivers pedaled their three-wheeled vehicles to Jakarta City Hall yesterday morning to urge the authorities to allow them to operate in the city's alleys and narrow streets.
Wed, 08 Jul 1998
Housing customers to sue developer
Housing customers to sue developer JAKARTA (JP): Hundreds of customers threatened yesterday to sue a private housing developer of the Bank Harapan Sentosa (BHS) Group for failing to meet its obligation to build a housing complex in Bogor regency.
Wed, 08 Jul 1998
Asian markets climb as Japan tax puzzle clears
Asian markets climb as Japan tax puzzle clears SINGAPORE (Reuters): Asian markets ended broadly higher yesterday as Japan's dithering policy makers swung back towards tax cuts and traders welcomed some rare spots of positive news.
Wed, 08 Jul 1998
Former Malaysian official dies
Former Malaysian official dies KUALA LUMPUR (Reuters): Malaysia's former central bank governor and prominent business leader Ismail Ali has died due to complications from flu. He was 79.Newspapers said yesterday that Ismail, who was also Prime Minister Mahathir Mohamad's brother-in-law, was...
Wed, 08 Jul 1998
Indonesian company sells big hotel
Indonesian company sells big hotel HONG KONG (Dow Jones): An Indonesian company has sold an upscale hotel in Melbourne to Sydney-based Southern Pacific Hotel Corp. group, a hotelier owned by Chicago's prominent Pritzker family.
Wed, 08 Jul 1998
CPO export tax upped to 60 percent
CPO export tax upped to 60 percent JAKARTA (JP): The government has raised export taxes on crude palm oil (CPO) and some of its by-products to as much as 60 percent in another attempt to discourage exports, Minister of Industry and Trade Rahardi Ramelan said yesterday.
Wed, 08 Jul 1998
565 students get ADB scholarships
565 students get ADB scholarships JEMBER, East Java: Five hundred and sixty five students from the state University of Jember will receive scholarships from the Asian Development Bank (ADB) in the new academic year, a university spokesman said.He said 38 students would each receive Rp 1.
Wed, 08 Jul 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: Silverhawks 3:05 Family's Film: Road to Avonlea 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Science and Technology Film 5:30 Education Quiz: Cepat Tepat 6:05 My Country: Rona...
Wed, 08 Jul 1998
Experts decry Habibie's call on people to fast
Experts decry Habibie's call on people to fast PURWOKERTO, Central Java (JP): Observers have slammed President B.J. Habibie's call for people to fast to help save rice, stating that concrete policies and political stability, not mere rhetoric, are needed to resolve the crisis.Economist A.
Wed, 08 Jul 1998
Police arrest Pakistani man for faking immigration papers
Police arrest Pakistani man for faking immigration papers JAKARTA (JP): A 31-year-old Pakistani has been apprehended by Central Jakarta police detectives at his boarding house on Jl. Karang Anyar for allegedly counterfeiting immigration documents and official stamps.Central Jakarta Police chief Lt.
Wed, 08 Jul 1998
Thai monk gives $1.2m to govt
Thai monk gives $1.2m to govt BANGKOK (AP): A Buddhist monk donated US$1.2 million to help the government overcome an economic downturn Monday, a day after he handed over 400 pounds of gold for the same cause.
Wed, 08 Jul 1998
Rubin tells ailing Asia to hang tough
Rubin tells ailing Asia to hang toughBy Knut Engelmann WASHINGTON (Reuters): A year after much of Asia descended into economic chaos, the chief architect of the West's massive rescue effort had a simple message for the fallen tigers: things may be tough, but hang in there.It took U.S.
Wed, 08 Jul 1998
232 Jakartans resettled in Riau
232 Jakartans resettled in Riau JAKARTA (JP): The city administration has relocated 232 people to Bengkalis, Riau, under the state-sponsored transmigration program.The 56 families, mostly from slum areas forced to make way for development projects, departed last week after a modest ceremony...
Wed, 08 Jul 1998
Southeast Asian currencies strengthen
Southeast Asian currencies strengthen SINGAPORE (Dow Jones): Southeast Asian currencies yesterday ended flat to a touch stronger against the U.S. dollar, supported by the relative stability of the yen despite deteriorating sentiment towards the region.
Wed, 08 Jul 1998
Assets contract by Rp 41.78t
Assets contract by Rp 41.78t JAKARTA (JP): Bank Indonesia's net domestic assets (NDA) shrank to minus Rp 74.816 trillion as of July 3, representing a monetary contraction of Rp 41.782 trillion from the previous week.
Wed, 08 Jul 1998
KL airport dumps food daily
KL airport dumps food daily KUALA LUMPUR (AP): Export consignments of vegetables, fish and even tortoises are being thrown into a garbage dump because the city's new airport is overwhelmed by cargo, a newspaper reported yesterday.
Wed, 08 Jul 1998
Gadjah Mada offers studies on Mideast
Gadjah Mada offers studies on Mideast YOGYAKARTA: Gadjah Mada University in cooperation with the Ministry of Foreign Affairs will establish a center for Middle Eastern Studies here.A memorandum of understanding has been signed by the university's rector, Ichlasul Amal, and Djohan S.
Wed, 08 Jul 1998
Prosecutors demand 10 and 7 months for Trisakti defendants
Prosecutors demand 10 and 7 months for Trisakti defendants JAKARTA (JP): Prosecutors at the military tribunal investigating the Trisakti shooting incident demanded prison sentences for two police officers who ordered their men to shoot into the crowd of demonstrators.
Wed, 08 Jul 1998
Cambodia on ASEAN agenda after polls
Cambodia on ASEAN agenda after polls MANILA (DPA): Cambodia's membership in the Association of Southeast Asian Nations (ASEAN) may be discussed before the group's leaders hold a summit in December if a fair and peaceful Cambodian election is held on July 26, a top Philippine official said yesterday.
Wed, 08 Jul 1998
KL minister spurns S'pore demand
KL minister spurns S'pore demand KUALA LUMPUR (AP): Malaysia's minister of tourism has refused to apologize after criticizing Singapore for allegedly excluding Malaysia from a list of coveted tourist destinations, a local newspaper reported yesterday.
Wed, 08 Jul 1998
Military command withdraws troops
Military command withdraws troops JAKARTA (JP): The Jakarta Military Command has started to withdraw, in stages, half of its 5,500 personnel from the streets and visible public areas, according to an official.The command's spokesman Lt. Col. DJ.
Wed, 08 Jul 1998
Hipmi urged to fill the many distribution chain vacancies
Hipmi urged to fill the many distribution chain vacancies JAKARTA (JP): President B.J. Habibie said yesterday in a meeting with executives of the Association of Young Indonesian Businessmen that they should fill the vacancies in the business distribution chain created by fleeing nonindigenous...
Wed, 08 Jul 1998
New party needed?
New party needed?From Media IndonesiaThe necessity of a new political party is a hot topic of discussion in our community at present. It is in fact not important who first brought up the subject. It is also not important under what circumstances the idea first occurred.
Wed, 08 Jul 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 7, 1998: Shares Close Change Volume ----------------------------------------------------------- Ades Alfindo 375 0 0 AHAP Insurance 575 0 0 Alter Abadi 475 0 316,000 Alumindo Light Metal 325 0 0 Alumindo Perkasa 200 0 0...
Wed, 08 Jul 1998
Habibie's legitimacy questioned
Habibie's legitimacy questionedBy Ignas Kleden JAKARTA (JP): Though B.J. Habibie seems to have taken over the office of president very easily, smoothly and quickly, he is now beset by the heavy and protracted question of his legitimacy and legality.
Wed, 08 Jul 1998
SEAG consortium refuses to repay reforestation funds
SEAG consortium refuses to repay reforestation funds JAKARTA (JP): The 19th Southeast Asian Games underwriting consortium has refused to repay the reforestation funds it reportedly used for the sporting event.
Wed, 08 Jul 1998
New military leaders installed
New military leaders installed JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin installed the new commanders of the First Air Defense Artillery Regiment and the Artillery Unit Battalion 7/105 at the Jakarta Military Headquarters here yesterday.Lt. Col.
Wed, 08 Jul 1998
Kontras to report missing persons cases to UN body
Kontras to report missing persons cases to UN body JAKARTA (JP): The independent Commission for Missing Persons and Victims of Violence (Kontras) will report the recent spate of kidnappings of political activists to the Geneva-based United Nation (UN) Rights Commission in September.
Wed, 08 Jul 1998
Golkar to end chief patron's veto right
Golkar to end chief patron's veto right JAKARTA (JP): Golkar is set to rid itself of the board of patrons, currently chaired by former president Soeharto, when it convenes an extraordinary congress here tomorrow.
Wed, 08 Jul 1998
No party admits responsibility for concert chaos
No party admits responsibility for concert chaos JAKARTA (JP): The police and Nahdlatul Ulama (NU) officials blamed each other yesterday for the rioting that followed chaos at a concert here Monday night.
Wed, 08 Jul 1998
Mutual funds investing in RI make progress
Mutual funds investing in RI make progress NEW YORK (Dow Jones): Overseas mutual funds investing in Indonesia and Japan made progress during the last week, weathering the turbulent financial markets in Asia.
Wed, 08 Jul 1998
SIA, Pratt & Whitney deal
SIA, Pratt & Whitney deal SINGAPORE (DPA): Singapore Airlines (SIA) and the U.S.-based firm Pratt & Whitney yesterday launched a joint venture to overhaul commercial jet engines in Asia.The new company, Eagle Services Asia, is based in Singapore with SIA as its anchor customer.
Wed, 08 Jul 1998
Wiranto deplores separatist demos in Irian Jaya
Wiranto deplores separatist demos in Irian Jaya JAKARTA (JP): Minister of Defense and Security Affairs/Armed Forces (ABRI) Commander Gen. Wiranto said yesterday that the hoisting of the separatist West Papuan flag in Irian Jaya was an act of treachery.
Wed, 08 Jul 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from July 6 to July 12 : U.S. dollar 1 Rp 14,400.00Austrian shilling 1 1,130.
Wed, 08 Jul 1998
Mar'ie on shortlist for audit agency
Mar'ie on shortlist for audit agency JAKARTA (JP): Former minister of finance Mar'ie Muhammad is on a shortlist of three approved by the House of Representatives yesterday to chair the Supreme Audit Agency (BPK).
Wed, 08 Jul 1998
Botanical Gardens raises environmental awareness
Botanical Gardens raises environmental awarenessBy Yudha Kartohadiprodjo BOGOR, West Java (JP): In the middle of Bogor Botanical Gardens, on the banks of a pond filled with gigantic water lily, a small group of high school students were holding a discussion on the impact of the greenhouse effect on...
Wed, 08 Jul 1998
Pertamina's unpaid debts reach US$732m
Pertamina's unpaid debts reach US$732m JAKARTA (JP): State oil and gas company Pertamina has arrears of about US$732 million to crude and fuel importers, shipping companies and gas suppliers.Pertamina president Soegianto said the company was behind in debt payments because it had yet to receive...
Wed, 08 Jul 1998
Golkar chair still a coveted trophy
Golkar chair still a coveted trophyBy Imanuddin JAKARTA (JP): Golkar leaders from central and regional chapters began checking into rooms at Hotel Indonesia last night ahead of tomorrow's extraordinary congress that will determine much of the dominant political group's future.
Wed, 08 Jul 1998
Teaching good from bad
Teaching good from badFrom KompasSchools from kindergarten to senior high have not had the subject of budi pekerti (ethics) in their curriculum for over 20 years. This subject is essential because it teaches students to tell the good from the bad.