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Wed, 26 Aug 1998
Astra makes headway in restructuring foreign debt
Astra makes headway in restructuring foreign debt JAKARTA (JP): The country's largest automaker, PT Astra International, announced yesterday that its foreign creditors had agreed to work with the company to restructure its mounting foreign debts.Company president Rini M.
Wed, 26 Aug 1998
The ethnic Chinese's dilemma
The ethnic Chinese's dilemmaBy Beni Sindhunata This is the first of two articles on the issue related to ethnic Chinese in Indonesia. JAKARTA (JP): Three months after the outbreak of violent unrest in the middle of May, debates on the presence of ethnic Chinese in Indonesia are still going on,...
Wed, 26 Aug 1998
New regulation on presidency needed: Experts
New regulation on presidency needed: Experts JAKARTA (JP): Four constitutional law experts have called for clear regulation of the presidential institution in order to prevent a concentration of power in the hands of the executive branch of the government in the future.
Wed, 26 Aug 1998
Govt urged to redefine its roles in economy
Govt urged to redefine its roles in economy JAKARTA (JP): Following the worse crisis in three decades, the government's role in the country's economy should now be redefined, economists have suggested.Muhammad Chatib Bisri, a doctoral candidate at the Australian National University, said here...
Wed, 26 Aug 1998
Capital market aids residents
Capital market aids residents JAKARTA (JP): The Capital Market Society of Indonesia has donated food and used clothing to 7,000 needy residents of five subdistricts in the city in conjunction with the 21st anniversary of the capital market's reactivation.
Wed, 26 Aug 1998
More major bank restructuring planned
More major bank restructuring planned JAKARTA (JP): The government plans another series of major bank restructuring measures later this year when all banks have to meet the new minimum 4 percent capital adequacy ratio requirement (CAR), Minister of Finance Bambang Subianto said yesterday.
Wed, 26 Aug 1998
House approves 100% airfare increase: INACA
House approves 100% airfare increase: INACA JAKARTA (JP): The House of Representatives has approved a government proposal to increase domestic airfares by 100 percent to compensate for the continued fall of the rupiah against the U.
Wed, 26 Aug 1998
S'pore-Taiwan satellite ready
S'pore-Taiwan satellite ready SINGAPORE (DPA): A major telecommunications satellite run jointly by Singapore and Taiwan -- the first satellite for both parties -- was set to be launched from South America today, officials said.
Wed, 26 Aug 1998
15 laid-off workers injured in attempted protest march
15 laid-off workers injured in attempted protest march JAKARTA (JP): Riot police injured at least 15 people yesterday when they blocked hundreds of laid-off workers attempting to march to the Jakarta International Labor Organization (ILO) office to seek help over their dismissal.
Wed, 26 Aug 1998
Rubber prices rise after intervention
Rubber prices rise after intervention SINGAPORE (Bloomberg): Rubber prices rose in Tokyo yesterday after the International Natural Rubber Organization (INRO) bought rubber on the open market for a sixth day in a bid to stop sliding prices.
Wed, 26 Aug 1998
Chinese-Indonesian women seek Canadian husbands
Chinese-Indonesian women seek Canadian husbandsBy Greg Heakes VANCOUVER (AFP): A number of Indonesian-Chinese women are offering themselves to Canadian men as mail-order brides in an attempt to escape mob violence in their homeland.
Wed, 26 Aug 1998
Bakin under fire over statement on rapes
Bakin under fire over statement on rapes JAKARTA (JP): Scholars and observers strongly criticized the head of the State Intelligence Coordinating Board (Bakin) Lt. Gen. (ret) Moetojib yesterday for his remark that reports of gang rapes during the May riots had been exaggerated to undermine the...
Wed, 26 Aug 1998
PDI congress
PDI congress Contrary to what the government has repeatedly announced, that is, that it will not interfere with the Indonesian Democratic Party's internal affairs and will leave the settlement of the party's prolonged conflict to its members; it ultimately issued a permit for Soerjadi to hold a...
Wed, 26 Aug 1998
Prabowo's dismissal
Prabowo's dismissal Lt. Gen. Prabowo Subianto, the central figure in the drama and tragedy of the abduction of political activists, has had his active service in the Indonesian Armed Forces (ABRI) terminated.
Wed, 26 Aug 1998
Seven drown, 12 missing after packed boat capsizes
Seven drown, 12 missing after packed boat capsizes JAKARTA (JP): Seven people drowned and 12 others are missing after a motorized boat overloaded with wedding guests capsized Monday afternoon in the Thousand Islands chain in North Jakarta.Tangerang Police chief Lt. Col.
Wed, 26 Aug 1998
Rupiah extends gains as stocks continue to fall
Rupiah extends gains as stocks continue to fall JAKARTA (JP): The Indonesian rupiah extended gains yesterday amid optimism about the country's efforts to clean up its banks, while local stock prices continued to fall, tracking a regional weakness.
Wed, 26 Aug 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 23, 1998: Buying Selling Rp Rp U.S. dollar 1 10,900.00 11,500.00Austrian shilling 1 829.00 931.00Australian dollar 1 6,246.00 6,554.00Belgian franc 1 293.00 306.00Canadian dollar 1 7,028.
Wed, 26 Aug 1998
KONI picks 122 athletes for Asian Games training
KONI picks 122 athletes for Asian Games training JAKARTA (JP): The National Sports Council (KONI) named yesterday 122 athletes from 20 sports who will start centralized training Sept. 1 for the 13th Asian Games.
Wed, 26 Aug 1998
Real or perceived threat?
Real or perceived threat? One of the latest buzzwords in Indonesian politics is "disintegration". Senior government and military officials have been raising the alarm lately about the possibility of Indonesia breaking apart the same way that the Soviet Union and Yugoslavia collapsed.
Wed, 26 Aug 1998
Govt to totally liberalize power sector in 5 years
Govt to totally liberalize power sector in 5 years JAKARTA (JP): The government plans to liberalize the power sector over the next five years to allow independent power producers (IPPs) to directly sell power to the public in competition with state electricity company PLN.
Wed, 26 Aug 1998
Troubles in Aceh, Irian 'not due to separatism'
Troubles in Aceh, Irian 'not due to separatism' JAKARTA (JP): Former governors of Aceh and Irian Jaya said yesterday that discriminatory development policies and economic injustices, rather than separatism, were the cause of many social, political and security problems in the two hotspot regions.
Wed, 26 Aug 1998
Sukarno aide wants his good name back
Sukarno aide wants his good name back YOGYAKARTA (JP): An adjutant of first president Sukarno who was incarcerated for over a decade as a political prisoner is demanding that his good name be restored.Soekardjo Wilardjit, 71, told reporters at the Legal Aid Institute office here yesterday that he...
Wed, 26 Aug 1998
RP seeks to ease fear of U.S. attack
RP seeks to ease fear of U.S. attack MANILA (DPA): National security officials sought yesterday to ease the fears of some Philippine politicians that the United States might attack suspected terrorist bases in the Philippines.
Wed, 26 Aug 1998
Government should give incentives to farmers
Government should give incentives to farmers The food situation appears to be deteriorating even further, with increasing reports of farmers invading plantations and golf courses all over Java to grow their own food. At the same time, the number of poor has increased manifold.
Wed, 26 Aug 1998
Disappointing promise
Disappointing promise In December 1997, I paid a deposit to Daksa Group for land in Kota Kembang housing complex, Melati sector, block F2 No. 24, Depok, West Java. Eight months have elapsed and construction of the house is still not completed.
Wed, 26 Aug 1998
SE Asian currencies up but pressed by falling yen
SE Asian currencies up but pressed by falling yen SINGAPORE (Dow Jones): Southeast Asian currencies were generally higher after overnight trading against the U.S. dollar compared with levels seen late Monday in Asia, but they faced renewed pressure from a weakening yen early yesterday.
Wed, 26 Aug 1998
Coffee climbs 1 percent
Coffee climbs 1 percent LONDON (Bloomberg): Coffee gained as much as 1 percent yesterday to its highest in more than two weeks as Indonesian and Ugandan traders withheld beans, hoping to boost prices.Indonesian and Ugandan growers are holding on to supplies on expectations demand from roasters will...
Wed, 26 Aug 1998
PDI congress opens in chaos, 17 hurt
PDI congress opens in chaos, 17 hurt PALU, Central Sulawesi (JP): Violent clashes erupted at the opening of the Indonesian Democratic Party (PDI) congress here yesterday when hundreds of loyalists of ousted leader Megawati Soekarnoputri tried to force their way into the venue tightly guarded by...
Wed, 26 Aug 1998
Cirata hydro completed
Cirata hydro completed JAKARTA (JP): Austrian power generating equipment manufacturers Elin and Voest Alpine MCE, a subsidiary of the VA TECH group, has completed the installment of hydroelectric equipment at the giant Cirata hydropower plant in West Java.
Wed, 26 Aug 1998
Economists meet to discuss economic reconstruction
Economists meet to discuss economic reconstruction JAKARTA (JP): The Indonesian Economists Association (ISEI) will discuss the country's economic reconstruction in its ninth plenary session opening at the NAM Center in the Kemayoran area here today.
Wed, 26 Aug 1998
Will the WB be persecuted?
Will the WB be persecuted? It is widely reported in the world press that Indonesian officials are believed to have siphoned off more than 20 percent of money earmarked for World Bank projects. It is an entrenched culture of corruption -- the August 1997 report says so.
Wed, 26 Aug 1998
Unocal's RI oil discovery
Unocal's RI oil discovery EL SEGUNDO, Calif. (Dow Jones): Unocal Corp. (UCL) said Monday the test of a second interval in the West Seno No. 2 deep-water discovery well offshore Indonesia flowed at a daily rate of 10,069 barrels of 39-degree API gravity oil and 9.5 million cubic feet of natural gas.
Wed, 26 Aug 1998
Private firm eyes Kramat Tunggak
Private firm eyes Kramat Tunggak JAKARTA (JP): Private company PT Nuansa Jasa Realtindo has plans to build a shopping complex where the popular Kramat Tunggak red-light district now stands in North Jakarta, one of the firm's executives said yesterday.
Wed, 26 Aug 1998
CityView eyes Indonesia
CityView eyes Indonesia NEW YORK (Dow Jones): CityView Energy Corp. is negotiating with the Indonesian government to acquire "proven undervalued" projects and support services at a substantial discount.
Wed, 26 Aug 1998
Preventive diplomacy in Asia-Pasific
Preventive diplomacy in Asia-PasificBy Hasjim Djalal The following article is based on a paper presented to the International Symposium on Preventive Diplomacy in the Asia- Pacific region, jointly organized in Beijing from July 20 to July 21, 1998 by the Japan Forum on International Relations and...
Wed, 26 Aug 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Silverhawks 3:05 Film: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Science and Technology 5:30 Educational Quiz: Tangkas Cermat 6:05 Documentary: Rona Nusantara 6:15 Sports 6:30 TVRI News (in English)...
Wed, 26 Aug 1998
Bank employees mull rally in support of colleagues
Bank employees mull rally in support of colleagues JAKARTA (JP): A newly founded workers union threatened yesterday to stage "a massive but peaceful" rally soon unless the government settles the fate of 12,000 employees of three suspended private banks.
Wed, 26 Aug 1998
WWF wants Kalimantan reserve protected
WWF wants Kalimantan reserve protected JAKARTA (JP): The World Wide Fund for Nature (WWF) is urging the government to designate 400,000 hectares of pristine lowland tropical forest in East Kalimantan as a conservation area.
Wed, 26 Aug 1998
Government honors Tong Djoe
Government honors Tong Djoe JAKARTA (JP): Foreign Minister Ali Alatas (right) yesterday presented the Jasa Pratama medal to business tycoon Tong Djoe (left) for meritorious service to the country, including help to normalize diplomatic relations between Indonesia and China.
Wed, 26 Aug 1998
Sympathizers defend sultan's candidacy
Sympathizers defend sultan's candidacy YOGYAKARTA: Hundreds of supporters of Yogyakarta Sultan Hamengkubuwono X are camped out at the local legislature and threatening to take matters into their own hands if the central government fails to immediately confirm him as governor.
Wed, 26 Aug 1998
Baramuli's views on medals
Baramuli's views on medals When I read in The Jakarta Post on Aug. 21, page 2, Mr. Baramuli's statement saying: "Why must you make such a fuss about these medals. No one would buy them if they came up for sale," I felt hurt.
Wed, 26 Aug 1998
Museum head irked by poor generosity
Museum head irked by poor generosity JAMBI: The head of the Jambi Museum, Wijaya, complained yesterday that many people in the province were reluctant to donate historical items to his institution or place them in the collection for safekeeping.
Wed, 26 Aug 1998
Investigator says Prabowo could be court-martialled
Investigator says Prabowo could be court-martialled JAKARTA (JP): National Military Police Corps Commander Maj. Gen. Syamsu Djalal said yesterday the Armed Forces' (ABRI) fact- finding team now had the evidence with which to press Lt. Gen.
Wed, 26 Aug 1998
Artists and their conscience
Artists and their conscienceFrom KompasIt is interesting to note that in our endless economic crisis, a number of personalities from the film, TV and music world have opened sidewalk food stalls in Jakarta.
Wed, 26 Aug 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on August 25, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 0 479,000 Alumindo Light Metal 300 0 0 Alumindo Perkasa...
Wed, 26 Aug 1998
Sofjan to gather businessmen to help parties
Sofjan to gather businessmen to help parties JAKARTA (JP): A group of top businesspeople have abandoned Golkar and are studying the possibility of financially backing some of the country's newly emerging political parties.
Wed, 26 Aug 1998
WFP provides rice donation
WFP provides rice donation PALU, Central Sulawesi: The World Food Program (WFP) has donated 14,770 tons of rice to needy people in the province.Sukarno Tarakuku, an official of the provincial ministry of agriculture, told Antara yesterday the rice would be distributed to villagers early next month.
Tue, 25 Aug 1998
Sewage treatment plant unused
Sewage treatment plant unused KUPANG, East Nusa Tenggara: A Rp 1 billion sewage treatment plant built three years ago by the office of public works here remains largely unused, according to a provincial official.
Tue, 25 Aug 1998
Prabowo discharged from ABRI
Prabowo discharged from ABRI JAKARTA (JP): The Armed Forces (ABRI) honorably discharged Lt. Gen. Prabowo Subianto yesterday and removed two senior Army Special Force (Kopassus) officers from active duty as punishment for their role in the abductions and torture of political activists.
Tue, 25 Aug 1998
Free distribution of aid counterproductive: Expert
Free distribution of aid counterproductive: Expert JAKARTA (JP): An expert spoke out against the free distribution of aid for people suffering from the economic crisis yesterday, saying it would not boost their confidence or be sustainable.