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Found 1,504 articles

Soeharto's resignation 'only way to save the state'

Soeharto's resignation 'only way to save the state' SUMEDANG, West Java (JP): President B.J. Habibie described yesterday the transfer of duty from Soeharto to him in May as a historic milestone in the country's reform process to become a more democratic and open nation.

Maximum interest rates for Aug.10/Aug.17

Maximum interest rates for Aug.10/Aug.17 JAKARTA (JP): The maximum time deposit interest rates and interbank overnight rates guaranteed by Bank Indonesia for the period Aug. 10 to Aug. 17 are as follows: Time deposit Maximum rate Maximum rate rupiah deposit (%) U.S.

Four banks under IBRA insolvent

Four banks under IBRA insolvent JAKARTA (JP): Four of six troubled private banks taken over by the Indonesian Bank Restructuring Agency (IBRA) in April have been declared insolvent, according to a letter to the International Monetary Fund (IMF) outlining the latest progress on reforms.

Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 7, 1998: Buying Selling Rp Rp U.S. dollar 1 12,550 13,250Austrian shilling 1 958 1,093Australian dollar 1 7,418 7,897Belgian franc 1 339 359Canadian dollar 1 8,089 8,551Swiss franc 1 8,300...

Bukit Kapur denies charges of CPO smuggling

Bukit Kapur denies charges of CPO smuggling JAKARTA (JP): Palm oil producer PT Bukit Kapur Reksa (BKR) has denied charges that it had smuggled thousands of tons of crude palm oil (CPO) and its derivatives out of the country over the last two years.

Fish meal can be exported

Fish meal can be exported JAKARTA (JP): The Ministry of Industry and Trade said yesterday that certain kinds of fish meal could still be exported, clarifying a previous announcement banning the reexport of the product which is subsidized by the government.

Indonesian engaged in insider trading

Indonesian engaged in insider trading WASHINGTON (Dow Jones): In a case arising from the insider- trading investigation of ex-J.P. Morgan analyst-trainee Roy Handojo, a former analyst for Salomon Smith Barney Inc.

Govt revamps textile quota distribution system

Govt revamps textile quota distribution system JAKARTA (JP): The government has issued new rulings on the distribution of textile and textile-related export quotas in an effort to eliminate collusion in the system.The new decree, signed by industry and trade minister Rahardi Ramelan on Aug.

'DeTAK' takes Syarwan's complaint in its stride

'DeTAK' takes Syarwan's complaint in its stride JAKARTA (JP): Newly launched DeTAK tabloid has said it is unfazed by a police complaint filed by Minister of Home Affairs Syarwan Hamid, adding that he turned down offers to give his side of the story in the disputed editions.

Pipeline project underway

Pipeline project underway JAKARTA (JP): PT Pam Lyonnaise Jaya (Palyja), a joint venture firm owned by city-owned water company PDAM Jaya and French company Suez Lyonnaise des Eaux, is in the process of installing a 13-kilometer pipeline worth Rp 175 billion (US$13.72 million).

Rupiah lets gains slip, stock prices lose more ground

Rupiah lets gains slip, stock prices lose more ground JAKARTA (JP): The rupiah failed to sustain gains from earlier in the week against the U.S. dollar yesterday, closing slightly lower in moderate trade due to the weak yen and market concerns over China's possible devaluation of the yuan.

Wood industries face severe shortage of logs

Wood industries face severe shortage of logs JAKARTA (JP): Indonesian wood-processing industries are facing a severe shortage of logs, according to the Indonesian Forestry Society (MPI).MPI chairman Sudrajat DP said yesterday the country's processing capacities had exceeded log output.

Government finally rejects controversial lottery plan

Government finally rejects controversial lottery plan JAKARTA (JP): The government asked the National Sports Council yesterday to drop its controversial lottery plan and find another fund-raising scheme that complies with both the law and religious teachings.Minister of Social Services Justika S.

Foreign capital could revive media

Foreign capital could revive mediaBy Ignatius Haryanto JAKARTA (JP): Freedom of the press is an important indicator of just how far Indonesia has gone in its attempt to improve its democratic system through political reform.

Energy seeks big partner amid problem

Energy seeks big partner amid problem PERTH (Bloomberg): Energy Equity Corp., an Australian energy company, is still seeking a big partner, although it said last month it abandoned formal talks with four potential "corporate" investors.

Megawati given conditional go-ahead on PDI meeting

Megawati given conditional go-ahead on PDI meeting JAKARTA (JP): Despite lacking a police permit, the government said it has no qualms about the national working meeting being held by Megawati Soekarnoputri's camp of the Indonesian Democratic Party (PDI).

Crisis hits Unilever's sales in RI, Thailand

Crisis hits Unilever's sales in RI, Thailand LONDON (Dow Jones): Anglo-Dutch giant Unilever Plc. said yesterday the Asian economic crisis has taken its toll on results, with second quarter pretax profit at 722 million pound sterling (about US$1.

Dharmala creditors to meet

Dharmala creditors to meet TOKYO (Reuters): Investors who bought samurai bonds issued by Indonesia's Dharmala Intiutama International BV plan to meet on Sept. 1 to decide whether to declare the bond in default, Sanwa Bank said yesterday.

Read between the lines

Read between the lines It is very interesting to read the tremendous responses to Masli Arman's July 30 article Ethnic Chinese at fault for riots. But if we read between the lines, Masli Arman points out that the mid-May riots have put all indigenous Indonesian Moslems in a very disadvantageous...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting, Sculpture Exhibition: Anggrek Kasih Untuk Sesama, by Dolorosa Sinaga, Kartika Affandi, Enrico Soekarno, etc., World Trade Center, Jl. Jend. Sudirman Kav. 29-31, South Jakarta (Phone: 5211320), 9 a.m. to 8 p.m., until Aug. 13.

Climber lost on Mt. Slamet

Climber lost on Mt. Slamet PURWOKERTO, Central Java: More climbers joined yesterday the search and rescue team here looking for a lone climber who has not returned from setting out to climb Mount Slamet.

Bank Bira to merge with three local banks

Bank Bira to merge with three local banks JAKARTA (JP): Publicly listed Bank Bira, which is currently under the supervision of the Indonesian Bank Restructuring Agency (IBRA), plans to merge with three local banks later this year.

Sugar tender may be flat

Sugar tender may be flat TOKYO (Reuters): A planned raw sugar tender by Indonesia is unlikely to have a significant impact on the Asian sugar market, since Indonesia is unlikely to buy Thai sugar, Japanese traders said on Friday.Indonesia is due to hold a tender for 500,000 tons of raw sugar on Aug.

Explaining East Timor

Explaining East Timor Indonesia and Portugal appear to be making a significant breakthrough in their efforts to resolve the status of East Timor. In the latest round of talks between their foreign ministers at the United Nations this week, the two sides agreed to discuss an Indonesian proposal to...

Utut keeps his Cafe Cup title hopes alive

Utut keeps his Cafe Cup title hopes alive JAKARTA (JP): Indonesia's top chess player Utut Adianto kept his title hopes intact in the MK Cafe Cup in Koszalin, Poland, by beating Nejbosa Nikcevic of Yugoslavia in a fourth-round match on Thursday.

In search of the beauty of ASEAN poems

In search of the beauty of ASEAN poemsBy Yudha Kartohadiprodjo JAKARTA (JP): Is beauty a universal value, unrestrained by ethnic and geopolitical boundaries, regardless of country of origin?Time magazine published a cover story two years ago discussing the universal value of people's beauty;...

S'pore called 'arrogant'

S'pore called 'arrogant' KUALA LUMPUR (AP): Dozens of Malaysians protested outside the Singapore High Commission yesterday, accusing its government of being "indifferent and arrogant" and demanding the leaders of both countries meet.

RI should be no place for scourge of bipolarity

RI should be no place for scourge of bipolarityBy Amir Sidharta JAKARTA (JP): The notion of multiculturalism became tremendously trendy in the United States in the 1990s because Middle Americans were long used to thinking bilaterally.

More street kids in Ambon

More street kids in Ambon AMBON, Maluku: Evidence of the deepening impact of the crisis was revealed here yesterday when it was disclosed that the number of street kids in the city had nearly doubled in the past five months.

ABRI to withdraw troops from Aceh

ABRI to withdraw troops from Aceh JAKARTA (JP): Minister of Defense and Security/Armed Forces Commander (ABRI) Gen. Wiranto pledged yesterday to withdraw troops deployed in Aceh and apologized for misconduct by soldiers while stationed there.

Sandeq race to restart

Sandeq race to restart JAKARTA (JP): The Sandeq traditional boat race in South Sulawesi will resume next week after a two-year hiatus on the same course used in its inception in 1995.Race organizers said yesterday about 15 boats would be flagged off in Majene, some 300 kilometers north of the South...

Official says city almost free of pedicabs again

Official says city almost free of pedicabs again JAKARTA (JP): The city administration claimed yesterday to have almost completely cleared the capital of becak (pedicabs) following inconsistencies in its policy on the man-powered three- wheeled vehicles in June.

Housewife and her niece 'axed to death'

Housewife and her niece 'axed to death' TANGERANG (JP): A housewife and her niece were found dead in a house on Jl. Taman Asri Lama in Kampung Cipadu, Ciledug district, here yesterday, police said.Tangerang Police chief Lt. Col.

Thai-RI planned oil swap a perfect match

Thai-RI planned oil swap a perfect match SINGAPORE (Reuters): A plan to swap Thai diesel for Indonesian crude and naphtha is a perfect match, but it could only work if suitable grades of oil can be found, traders said yesterday.

Missing activists' kin fail to identify remains

Missing activists' kin fail to identify remains JAKARTA (JP): Relatives of five missing political activists flocked to the morgue of Cipto Mangunkusumo General Hospital yesterday, but left convinced none of the three decomposed bodies found in the Thousands Islands recently were their loved ones.

Sulawesi citizens also turn to IMF

Sulawesi citizens also turn to IMF JAKARTA (JP): Southeast Sulawesi residents have also turned to the International Monetary Fund (IMF) -- not to beg for money, but to discipline their allegedly corrupt governor, La Ode Kaimoeddin.

Clarification on donations

Clarification on donations In its effort to help victims of the May 12 through May 15, 1998 tragedy, the Team of Volunteers for Humanity has enjoyed broad support from the community, all the way from moral to material support and from information to logistics.

Protesting restaurant workers meet minister

Protesting restaurant workers meet minister JAKARTA (JP): About 300 workers of Coca Suki restaurant located on Jl. Jend. Sudirman, South Jakarta, entered their second day of protest yesterday by going to the Ministry of Manpower.

Kontras claims five missing in Irian Jaya

Kontras claims five missing in Irian Jaya JAKARTA (JP): Rights activists accused the military yesterday of involvement in the disappearance of five people in a bloody pro-independence demonstration in Biak, Irian Jaya, last month which left at least one person dead.

SE Asian currencies down on dismal yen and yuan

SE Asian currencies down on dismal yen and yuan SINGAPORE (Dow Jones): The market's bearish stance toward the Japanese yen and sustained speculative pressure on the Hong Kong dollar and Chinese yuan severely depressed sentiment toward Southeast Asia's currencies during Asian trading yesterday.

Coffee's stable, trade slow

Coffee's stable, trade slow SINGAPORE (Reuters): Sales of coffee beans from Indonesia were stable but slow at prices hovering around recent levels, dealers said yesterday.Indonesian beans were offered at around $160 per tonne under London levels, little changed from earlier this week.

More grain flow seen as Indonesia comes to life

More grain flow seen as Indonesia comes to life SINGAPORE (Reuters): Movements of rice and corn in Southeast Asia are on the rise as Indonesia comes to life in the grains market, traders said yesterday.

Residents threaten to destroy red-light district

Residents threaten to destroy red-light district JAKARTA (JP): At least 50 residents of the Kramat Tunggak red- light district in North Jakarta went to City Hall yesterday, threatening to destroy the brothels in the area if the city administration did not close them down soon.

Antiforeigner sentiment reaches fever pitch

Antiforeigner sentiment reaches fever pitchBy Todd Gregory This is the second of two articles on Indonesians' attitude toward foreigners. JAKARTA (JP): It is a real tragedy. Indonesia has been a sovereign nation held captive for over 50 years by a handful of privileged, native-born government...

Jobless man killed by mistake

Jobless man killed by mistake TANGERANG (JP): A jobless man identified as Anton Abdullah, 32, of Kampung Pondok Serut in Serpong here, died after being mobbed by an angry crowd which assumed he was a thief.

'Amien, please stay away'

'Amien, please stay away' SURABAYA: Banyuwangi Regent T. Purnomo Sidik has made an official plea for people not to invite opposition figure Amien Rais to the small East Javan town of Banywangi, about 230 kilometers southeast of here, fearing his arrival might incite violence.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting, Sculpture Exhibition: Anggrek Kasih Untuk Sesama, by Dolorosa Sinaga, Kartika Affandi, Enrico Soekarno, etc., at World Trade Center, Jl. Jend. Sudirman Kav. 29-31, South Jakarta (Phone: 5211320), 9 a.m. to 8 p.m., Aug.

India backs idea for rubber producer cartel

India backs idea for rubber producer cartel SINGAPORE (Bloomberg): India welcomes Malaysia's proposal to form a cartel of rubber producers, following Kuala Lumpur's decision to pull out of the International Natural Rubber Organization, an Indian Rubber Board official said yesterday.

Injustice 'is key problem' in Irian

Injustice 'is key problem' in Irian JAKARTA (JP): The key issues in Irian Jaya, which has recently been hit by a wave of bloody protests, are not independence or greater autonomy but persistent injustices and the rampant violation of the local population's basic human rights, an influential church...

Gipsdlis forces Utut into draw in Cafe Cup

Gipsdlis forces Utut into draw in Cafe Cup JAKARTA (JP): Latvian Grand Master (GM) Aivars Gipsdlis gave Indonesia's top chess player Utut Adianto stiff resistance to force a draw in their third-round match at the Cafe Cup in Koszalin, Poland, on Wednesday.