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Tue, 25 Aug 1998
Habibie vows to help contractors
Habibie vows to help contractors JAKARTA (JP): President B.J. Habibie said yesterday he was saddened by the fact that at least five million construction workers had lost their jobs this year due to the economic downturn.
Tue, 25 Aug 1998
Two ex-convicts shot in robbery
Two ex-convicts shot in robbery JAKARTA (JP): Two ex-convicts were shot by a policeman for allegedly robbing a gold necklace from a woman on Jl. Pejagalan Raya in the Tambora district of West Jakarta early yesterday.Tambora police chief Maj.
Tue, 25 Aug 1998
Regional security forum to be held
Regional security forum to be held BANDUNG: A fifth dialog in a series of forums on political affairs and regional security in the post Cold War era will be held here Thursday.The two-day dialog, held at the Savoy Homann Hotel, will look into the economic crisis' impacts on stability and security...
Tue, 25 Aug 1998
National reconciliation
National reconciliationFrom NeracaUnder Soeharto's regime, the Bhinneka Tunggal Eka (Unity in Diversity) motto written on the state symbol was, in practice, the Wawasan Nusantara (the archipelagic concept).
Tue, 25 Aug 1998
'No riots ahead of MPR meet'
'No riots ahead of MPR meet' JAKARTA (JP): State Intelligence Coordinating Board chief Moetojib assured people yesterday that no riots would occur prior to November's Extraordinary Session of the People's Consultative Assembly (MPR).
Tue, 25 Aug 1998
Govt to blame for state of banking industry
Govt to blame for state of banking industry The government has decided to take over shares in four ailing banks under its scheme to restructure the country's banking industry. Economist Kwik Kian Gie discusses unfairness in the valuation of the banks' assets.
Tue, 25 Aug 1998
Goh urges Jakarta to investigate riots
Goh urges Jakarta to investigate riots JAKARTA (JP): Singaporean Prime Minister Goh Chok Tong impressed the importance of uncovering the parties responsible for Indonesia's May riots, saying that such steps would help increase Jakarta's credibility and standing.
Tue, 25 Aug 1998
Bakin question claims of mass rapes during riots
Bakin question claims of mass rapes during riots JAKARTA (JP): The Head of the State Intelligence Coordinating Board (Bakin), Lt. Gen. (ret.) Moetojib, questioned yesterday claims of mass rapes during the May riots, saying such reports were circulated with the political intent to undermine the...
Tue, 25 Aug 1998
Police assigned to promote seat belt use
Police assigned to promote seat belt use JAKARTA (JP): The city police are deploying 290 policewomen to help promote the use of car seat belts in the capital, an officer said.City Police spokesman Lt. Col. E.
Tue, 25 Aug 1998
Assault inquiry to be handled internally
Assault inquiry to be handled internally JAKARTA (JP): The incident in which former Aceh governor and Soeharto minister Ibrahim Hasan was assaulted at a discussion meeting will be handled peacefully within the Acehnese people's group that organized the meeting, a group representative said here...
Tue, 25 Aug 1998
Volleyball team off to Australia
Volleyball team off to Australia JAKARTA (JP): The Indonesian Volleyball Association's executive director, Rita Subowo, said yesterday the association had canceled its plan to send the best beach volleyball team of Engel Bertha Kaize and Risma to the World Championships events next month.
Tue, 25 Aug 1998
Mergers and acquisitions to pick up in Asia: J.P. Morgan
Mergers and acquisitions to pick up in Asia: J.P. Morgan SINGAPORE (Dow Jones): The pace of mergers and acquisitions is likely to pick up in Asia as sharply depreciated asset values begin to stabilize, according to a key executive at J.P. Morgan Securities Asia Pte Ltd.
Tue, 25 Aug 1998
Mysticism still prevails in the shadow of Mt. Merapi
Mysticism still prevails in the shadow of Mt. MerapiBy A. Solikhan and Tjahjono EP YOGYAKARTA (JP): Just like any other community living in the midst of distinctive natural phenomena, residents at the foot of Mt. Merapi have their own mystical beliefs.
Tue, 25 Aug 1998
Asiad door still open for Oka and Malik
Asiad door still open for Oka and Malik JAKARTA (JP): The National Sports Council's 13th Asian Games national training director, Mohamad Hindarto, said yesterday that windsurfers Oka Sulaksana and Malik Faizal still had a chance of competing at the Asiad based on their results at the Asian...
Tue, 25 Aug 1998
Japan to provide troubled local firms with loadns
Japan to provide troubled local firms with loadns JAKARTA (JP): Japan plans to provide working capital loans to troubled joint-venture labor-intensive manufacturing firms to help them survive the crisis.
Tue, 25 Aug 1998
ASEAN to decide on Cambodia
ASEAN to decide on Cambodia KUALA LUMPUR (DPA): ASEAN foreign ministers are expected to make a decision on whether to accept Cambodia as a new member of the regional grouping when they meet next month in New York, reports said yesterday.
Tue, 25 Aug 1998
Salim Group in survival talks with IBRA
Salim Group in survival talks with IBRA SINGAPORE (Dow Jones): Indonesia's once-powerful Salim Group may have to shrink in size in order to survive.A Salim executive said over the weekend that the conglomerate has proposed giving Jakarta banking authorities assets and shares in a range of group...
Tue, 25 Aug 1998
Govt to allow foreign control of local banks
Govt to allow foreign control of local banks JAKARTA (JP): The government plans to allow foreign investors to hold controlling ownership of Indonesian banks either through direct placement or the capital market, a senior official has said.
Tue, 25 Aug 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 Aug. 24 to Aug. 30: U.S. dollar 1 Rp 11,550.00Austrian shilling 1 911.
Tue, 25 Aug 1998
Australia to probe death of its journalists in E. Timor
Australia to probe death of its journalists in E. Timor SYDNEY, Australia (AFP): The government ordered yesterday an investigation into allegations it did nothing to protect the lives of five Australian journalists murdered by Indonesian troops in East Timor 23 years ago.
Tue, 25 Aug 1998
Irian Jaya not yet ready for autonomy: Governor
Irian Jaya not yet ready for autonomy: Governor JAKARTA (JP): Irian Jaya Governor Freddy Numberi threw cold water on calls for greater autonomy yesterday, arguing that Indonesia's easternmost province lacked sufficiently skilled human resources for such a responsibility.
Tue, 25 Aug 1998
National soccer team offered bonus if it wins Tiger Cup
National soccer team offered bonus if it wins Tiger Cup JAKARTA (JP): Cash bonuses are being dangled in front of the national soccer team for the upcoming Tiger Cup in a bid to motivate players to restore the country's tattered international reputation in the sport.
Tue, 25 Aug 1998
Astra, ProEM train disabled
Astra, ProEM train disabled JAKARTA (JP): The Yayasan Bina Karya Mandiri foundation of the Astra International Group and ProEM Australia opened a disability employment support training course here yesterday which will proceed for five days with 11 trainees from various companies as the sponsors.
Tue, 25 Aug 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 24, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 0 0 Alumindo Light Metal 300 0 0 Alumindo Perkasa 225 0 0...
Tue, 25 Aug 1998
Good, but not enough
Good, but not enough Without doubt, the dismissal of Lieutenant General Prabowo Subianto from active military service and the relief from "all structural duties" of two other high ranking officers from the Army's Special Force (Kopassus) is headline news for the Indonesian media.
Tue, 25 Aug 1998
Familiar stench of nepotism
Familiar stench of nepotism Very interestingly yet ridiculously, President B.J. Habibie presented Mahaputera Adipradana medals of merit to a number of government officials and community figures on Aug. 14, 1998.
Tue, 25 Aug 1998
Rupiah stable but stocks fall 4.5 percent on JSX
Rupiah stable but stocks fall 4.5 percent on JSX JAKARTA (JP): The rupiah escaped the regional currency slump yesterday, rising to 11,650 against the U.S. dollar on positive market response to the government's latest measures to invigorate the country's ailing banking system.
Tue, 25 Aug 1998
Observers give Wiranto decision the thumbs down
Observers give Wiranto decision the thumbs down JAKARTA (JP): Military observers and rights campaigners have given the thumbs down to the Armed Forces' decision to slap administrative punishments on Lt. Gen.
Tue, 25 Aug 1998
Ex-regent queried over graft charges
Ex-regent queried over graft charges UJUNGPANDANG, South Sulawesi: Former Maros Regent Nasrun Amrullah was intensively questioned by the provincial Attorney General's office here yesterday over allegations that he embezzled Rp 1.4 million in development funds.
Tue, 25 Aug 1998
Riau gets a new bi-weekly
Riau gets a new bi-weekly PEKANBARU, Riau: A new bi-weekly magazine called Tema (Theme) is set to be launched here next month after it formally received its publishing license from the Ministry of Information.
Tue, 25 Aug 1998
GKPB event disrupted
GKPB event disrupted SURABAYA: The launching of the Movement for Indonesian Justice and Unity's (GKPB) East Java chapter here yesterday had to be hastily held as hundreds of students demonstrated outside the meeting's venue, successfully disrupting the event.
Tue, 25 Aug 1998
SE Asian currencies slip as traders back away
SE Asian currencies slip as traders back away SINGAPORE (Dow Jones): Southeast Asian currencies mostly slipped against the U.S. dollar during Asian trading yesterday, trailing regional stock markets lower as fears of financial instability in Russia and Latin America depressed sentiment towards...
Tue, 25 Aug 1998
Extortion
Extortion I wish to share with readers an unfortunate experience which happened while I was a resident of Indonesia. For the weekend of July 4 to July 6, I contracted with Mr. Handoyo, Ivindo Tour (that I found in an ad in The Jakarta Post), to provide myself and a friend with a three-day,...
Tue, 25 Aug 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 22, 1998: Buying Selling Rp Rp U.S. dollar 1 11,500.00 12,000.00Austrian shilling 1 867.00 971.00Australian dollar 1 6,589.00 6,903.00Belgian franc 1 306.00 319.00Canadian dollar 1 7,369.
Tue, 25 Aug 1998
Scoring system for bids in logging auction
Scoring system for bids in logging auction JAKARTA (JP): A scoring system will be used in awarding logging contracts to ensure only parties displaying a strong commitment to protecting the environment and engaging participation of local people will win, a minister said yesterday.
Tue, 25 Aug 1998
Toward a face-saving settlement?
Toward a face-saving settlement? At long last the Supreme Court has made its ruling in the Indonesian Democratic Party (PDI) case, a decision far from ending the dispute (between former party chairwoman Megawati Soekarnoputri and the government-backed Soerjadi faction which ousted her) since the...
Tue, 25 Aug 1998
Soerjadi vows to refuse renomination
Soerjadi vows to refuse renomination JAKARTA (JP): Soerjadi, the besieged chairman of the Indonesian Democratic Party (PDI), said he would refuse any attempt to renominate him during the government-backed party congress which opens today in Palu, Central Sulawesi.
Tue, 25 Aug 1998
Astronomers-to-be help record rare ring solar eclipse
Astronomers-to-be help record rare ring solar eclipseText and photos by IGGP Bayu Ismoyo DUMAI, Riau (JP): A flurry of activity was seen here Saturday in response to a rare event: a ring solar eclipse.A group of astronomy students from the Bandung Institute of Technology were among observers who...
Tue, 25 Aug 1998
Housewife hangs herself
Housewife hangs herself JAKARTA (JP): A housewife committed suicide by hanging herself at her residence in Kemayoran, Central Jakarta, yesterday, after a heated argument with her husband.The victim, identified as Yuvensia Kristinawati, 26, was found hanging from the window of her room by her...
Tue, 25 Aug 1998
Where to go in Bandung:
Where to go in Bandung:Performances * Drama by Teater Alibi, in Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022-433562), 8 p.m. to 11 p.m., Aug 28-30.Music and Entertainment * Hotel Papandayan, Jl. Gatot Subroto No. 83 (Phone: 022 310799): - The Burangrang Lounge at 7 p.m.
Tue, 25 Aug 1998
Sailor killed by colleague
Sailor killed by colleague JAKARTA (JP): A 50-year-old sailor was stabbed to death during a fight with another crew member on board the Contesa 04 fishing boat Thursday while sailing across the Karimata strait, off Karimata island, West Kalimantan.
Tue, 25 Aug 1998
IBRA promises full compensation
IBRA promises full compensation JAKARTA (JP): Around 12,000 employees who will lose their jobs as a result of the closure of three badly managed banks will receive twice as much compensation as they are entitled to under existing labor regulations, the Indonesian Bank Restructuring Agency (IBRA)...
Tue, 25 Aug 1998
Restoration of confidence a top priority
Restoration of confidence a top priorityBy Joe L. Spartz JAKARTA (JP): Like any other currency in the world, the value of the rupiah is determined by a variety of factors, of which public trust and confidence are amongst the most important and elusive.
Tue, 25 Aug 1998
Govt resumes Semen Gresik talks with Cemex
Govt resumes Semen Gresik talks with Cemex JAKARTA (JP): The government reopened negotiations yesterday with Mexico's Cemex SA de CV over the stalled sale of the state- owned cement maker PT Semen Gresik.
Tue, 25 Aug 1998
Lippo's Riady backs govt action on troubled banks
Lippo's Riady backs govt action on troubled banks JAKARTA (JP): Deputy chairman of the Lippo group James T. Riady hailed yesterday the government's move to freeze and nationalize several debt-ridden banks, believing it would help restore market confidence in the country's ailing banking industry.
Tue, 25 Aug 1998
Marzuki urges probe into E. Timor rights violations
Marzuki urges probe into E. Timor rights violations JAKARTA (JP): A thorough investigation into human rights abuses and the lifting of the cloud of public fear are prerequisites to a comprehensive solution in East Timor, leading rights campaigner Marzuki Darusman said yesterday.
Tue, 25 Aug 1998
Police believe May riots not organized
Police believe May riots not organized JAKARTA (JP): Police have not found any indication the massive riots which hit the city in mid-May were organized, city police chief Maj. Gen. Noegroho Djajoesman said Saturday.
Tue, 25 Aug 1998
Rights body confirms 781 people killed in Aceh
Rights body confirms 781 people killed in Aceh JAKARTA (JP): The National Commission on Human Rights, fresh from a visit to Aceh, confirmed yesterday that at least 781 people were killed and thousands others suffered during the nine- years of military operations in the country's westernmost...
Tue, 25 Aug 1998
Lt. Gen. Prabowo's downfall faster than his ascent
Lt. Gen. Prabowo's downfall faster than his ascent JAKARTA (JP): Lt. Gen. Prabowo Subianto, who was discharged from the Armed Forces (ABRI) yesterday, was once considered one of the military's most promising stars destined for the very top job.
Tue, 25 Aug 1998
IFC says about 20% of its loans to RI firms turn bad
IFC says about 20% of its loans to RI firms turn bad JAKARTA (JP): The International Finance Corporation (IFC) said here yesterday that about 20 percent of its loan and equity investment in Indonesia had turned bad as the recipients could no longer repay their debts.