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Sat, 12 Sep 1998
Real estate complexes offer a home of one's own
Real estate complexes offer a home of one's own The monetary crisis has put paid to many dreams for the country's middle class and for those who had finally begun to carve out a better quality of life for themselves.
Sat, 12 Sep 1998
A worthwhile exhibition gets scant attention
A worthwhile exhibition gets scant attentionBy Rita A. Widiadana JAKARTA (JP): People are invited to discover Indonesia's rich heritage through an art exhibition at the National Museum called East Meets West.
Sat, 12 Sep 1998
Correcting history
Correcting history The police wasted no time in investigating a claim that former president Sukarno signed the Supersemar document almost at gunpoint. As we recall, Supersemar, the executive order signed on March 11, 1966, supposedly empowered Maj. Gen.
Sat, 12 Sep 1998
Chrisye wins 'MTV' Asia Viewer's Choice award
Chrisye wins 'MTV' Asia Viewer's Choice award JAKARTA (JP): Chrisye won the Asia Viewer's Choice award on Thursday at the MTV Asia's MTV Video Music Awards 1998 for his latest hit song, Kala Cinta Menggoda (Time When Love Disturbs).
Sat, 12 Sep 1998
Unocal to develop RI's first deepwater oil and gas field
Unocal to develop RI's first deepwater oil and gas field JAKARTA (JP): Unocal Indonesia Co, a unit of Unocal Corp, plans to develop the country's first deepwater oil and gas discovery off the coast of East Kalimantan by 2001.Company president Timothy C.
Sat, 12 Sep 1998
Public accountants may audit BI
Public accountants may audit BI JAKARTA (JP): Minister of Finance Bambang Subianto gave the preliminary nod on Friday to allowing public accountants to audit Bank Indonesia in the effort to create a more transparent banking system.
Sat, 12 Sep 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Indonesian Designers' Exhibition and Fashion Show: Hotel Mulia Senayan, Jl. Asia Afrika, Senayan, Central Jakarta (Phone: 5747777), 10 a.m. to 10 p.m., until Sept. 13. * Painting Exhibition: by Five Indonesian Painters, Gallery Room, at Crowne Plaza Hotel, Jl.
Sat, 12 Sep 1998
Moslem scholars urged to help with crisis
Moslem scholars urged to help with crisis JAKARTA (JP): President B.J. Habibie called on Moslem scholars and scientists on Friday to work hand in hand to find ways to help the country combat poverty and social conflict.
Sat, 12 Sep 1998
Fire destroys hundreds of shops in Senen
Fire destroys hundreds of shops in Senen JAKARTA (JP): A fire that started on Thursday night and burned for more than 15 hours has gutted hundreds of shops in the basement of the three-story Senen shopping center in Central Jakarta.At 3 p.m.
Sat, 12 Sep 1998
Four hospitals to get free medical supplies
Four hospitals to get free medical supplies JAKARTA (JP): Four major state hospitals in the country are to get free medical supplies donated by private businesses in the United States, it was announced on Friday.The relief valued at US$1.
Sat, 12 Sep 1998
A fair general election essential
A fair general election essential The general election which will be held around the middle of May next year won't be like any other so far held in the country. It certainly won't be like any of the six we experienced under the New Order regime.
Fri, 11 Sep 1998
House extends approval deadline for banking bill
House extends approval deadline for banking bill JAKARTA (JP): The House of Representatives (DPR) extended on Thursday the deadline for approving the country's banking bill to Oct. 16 from the earlier schedule of Sept. 29 to allow more time to debate the government-proposed draft law.
Fri, 11 Sep 1998
EVA Air stops direct flight to Surabaya
EVA Air stops direct flight to Surabaya JAKARTA (JP): Taiwan airline EVA Air will stop direct shuttle flights from Taipei to Surabaya, East Java, from Sept. 21 following a drop in demand.Billy Djohan, the acting deputy manager for Perdana Andalan Air Service, which is EVA Air's sales agent in...
Fri, 11 Sep 1998
New move on debt
New move on debt The Indonesian government has finally moved to help resolve problems surrounding the repayment of Rp 692 trillion (US$62.8 billion) in corporate debt owed to domestic banks. An impasse on the issue of repayment has resulted in a virtual freeze on lines of credit to businesses in...
Fri, 11 Sep 1998
Govt to seek 200% premium Gresik
Govt to seek 200% premium Gresik JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng said on Thursday the government would seek a minimum 200 percent price premium for its 14 percent stake in publicly listed cementmaker PT Semen Gresik.
Fri, 11 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Sept. 10, 1998: Buying Selling Rp Rp U.S. dollar 1 11,650.00 12,250.00Austrian shilling 1 921.00 1,036.00Australian dollar 1 6,712.00 7,041.00Belgian franc 1 326.00 340.00Canadian dollar 1 7,584.
Fri, 11 Sep 1998
Students demonstrate near Presidential Palace
Students demonstrate near Presidential Palace JAKARTA (JP): About 1,000 student demonstrators staged a noisy but peaceful rally near the Presidential Palace on Thursday, demanding President B.J. Habibie's government lower staple food prices and try former president Soeharto.
Fri, 11 Sep 1998
Kodam installs new officers
Kodam installs new officers JAKARTA (JP): Jakarta Military Commander Maj. Gen. Djadja Suparman installed new heads in three Jakarta Military Command sections in a ceremony at the command's headquarters in Cililitan, East Jakarta, on Monday.A spokesman for the military command, Lt. Col. DJ.
Fri, 11 Sep 1998
School band contest planned
School band contest planned JAKARTA (JP): Freedom is the theme of a high-school band contest being organized by Levi Strauss.Registrations will be open from Sept. 15 to Oct. 20 for high- school bands from Jakarta, Bandung, Central Java, Yogyakarta and Surabaya.
Fri, 11 Sep 1998
Economic rescue
Economic rescueFrom KompasRegarding the Declaration on the Rescue of Indonesia's Economy, reported in Kompas of Aug. 6, as a fellow economist of those making the declaration, I am of the opinion that the declaration is quite proper in that the substance of the declaration has been expressed in...
Fri, 11 Sep 1998
Privatizing slowly-slowly
Privatizing slowly-slowly After the forest fires, followed by drought, a currency collapse and social and political unrest, Indonesia, with other emerging markets, has watched as each of its major foreign currency earners has dropped by about half during the past three years -- oil, tourism, palm...
Fri, 11 Sep 1998
Australia sees Asian sugar market staying bearish
Australia sees Asian sugar market staying bearish PHUKET, Thailand (Reuters): Australia, embracing a bearish view of Asian sugar markets, says demand will be hit by the current economic downturn and currency devaluations.
Fri, 11 Sep 1998
Bylaw needed to stamp out misappropriation
Bylaw needed to stamp out misappropriation JAKARTA (JP): A city councilor urged the administration on Wednesday to prepare a new bylaw on the management of the city's properties in order to help protect them from being misappropriated.
Fri, 11 Sep 1998
ABN acquires Thai bank
ABN acquires Thai bank BANGKOK (Dow Jones): Netherlands' ABN Amro Holding NV (AAN) officially confirmed its purchase of a 75 percent stake in Thailand's Bank of Asia PCL (H.BKA) Thursday, saying it wanted to turn the bank into one of the country's top commercial lenders.
Fri, 11 Sep 1998
New dance group to take the stage
New dance group to take the stage JAKARTA (JP): A new modern dance company is to officially open on its premier performance Friday evening, the first of a two-day show at the Gedung Kesenian Jakarta (GKJ), Central Jakarta.
Fri, 11 Sep 1998
Middle East investors look at Indonesia's business prospects
Middle East investors look at Indonesia's business prospects JAKARTA (JP): About 200 major Middle Eastern investors and bankers are taking a closer look at the business opportunities cropping up in the country's battered economy.
Fri, 11 Sep 1998
Motorcyclist stabbed to death
Motorcyclist stabbed to death TANGERANG (JP): An unidentified group of people reportedly stabbed a motorcyclist identified as Mulyadi, 25, to death on Jl. Palayangan, Cilenggang subdistrict, in Serpong here in the early hours of Wednesday morning.
Fri, 11 Sep 1998
Soeharto flaying must end: Analysts
Soeharto flaying must end: Analysts JAKARTA (JP): Observers agree that the government should dampen excessive public criticism of Soeharto after the former president complained of being defamed, but also called for the investigation into Soeharto's past to continue.
Fri, 11 Sep 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 10, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 0 10,000 Alumindo Light Metal 175 0 0 Alumindo Perkasa 225...
Fri, 11 Sep 1998
Last chance for Imelda Marcos
Last chance for Imelda Marcos MANILA (AP): Lawyers for Imelda Marcos on Thursday made their final appeal before the Philippine Supreme Court to keep the widow of the former leader from serving a 12-year jail term for graft.
Fri, 11 Sep 1998
HIV carriers up in Vietnam
HIV carriers up in Vietnam HANOI (Reuters): A growing number of people in Vietnam have been infected with the Human Immunodeficiency Virus (HIV), which has now spread to all but two of the country's provinces, an official said on Thursday.
Fri, 11 Sep 1998
Two suspects arrested over Pamulang murder
Two suspects arrested over Pamulang murder JAKARTA (JP): Two children and their pregnant mother were found murdered in their Bumi Pelita Kencana housing complex residence on Wednesday in Pondok Cabe, Pamulang.
Fri, 11 Sep 1998
'Haur Koneng' case to be reopened
'Haur Koneng' case to be reopened BANDUNG, West Java (JP): The provincial council here has formed a fact-finding team to investigate five murders which took place five years ago, the council said in a statement on Wednesday.
Fri, 11 Sep 1998
Crops bulldozed in simmering land dispute
Crops bulldozed in simmering land dispute BOGOR (JP): About 20 Gunung Batu villagers from the Bojongkoneng area visited the local residency administration office on Thursday, protesting the irresponsible action of a developer in a land dispute dating back six years.
Fri, 11 Sep 1998
Rape protesters get a shock
Rape protesters get a shock SINGAPORE (DPA): Singapore's top women's group got a surprise when it handed Indonesian embassy officials a petition protesting alleged mass rapes in Indonesia, the group's president said on Thursday.
Fri, 11 Sep 1998
KL's commodity, monetary markets merge
KL's commodity, monetary markets merge KUALA LUMPUR (Bloomberg): Malaysia's Kuala Lumpur Commodity Exchange and the Malaysia Monetary Exchange Bhd. will merge Nov. 2 to form the Commodity & Monetary Exchange of Malaysia, or Comex.
Fri, 11 Sep 1998
Indonesia enlists 132 athletes for Asian Games
Indonesia enlists 132 athletes for Asian Games JAKARTA (JP): The National Sports Council (KONI) will boast a contingent of 132 athletes from 19 sports in the Asian Games in Bangkok in December.Training director Mochamad Hindarto said on Thursday that the entry form for the national team was sent on...
Fri, 11 Sep 1998
ASEAN agrees to ease flow of vehicles
ASEAN agrees to ease flow of vehicles SINGAPORE (AFP): ASEAN member-states agreed on Thursday to hasten cross-border movement of commercial vehicles and goods as the group launched work on a blueprint to bolster regional transport systems.
Fri, 11 Sep 1998
Easing monetary policy poses risk, BI official says
Easing monetary policy poses risk, BI official says SINGAPORE (Reuters): A relaxation of monetary policy at this point in time posed enormous risks although high interest rates had not brought about a recovery in the ailing rupiah, an Indonesian central bank official said on Thursday.
Fri, 11 Sep 1998
Vietnam's foreign investment
Vietnam's foreign investment HANOI (DPA): Vietnam approved foreign investment amounting to US$1.6 billion for the first eight months of 1998, according to official figures released Thursday.The ministry of planning and investment listed a total of 171 projects licensed by Hanoi during the period...
Fri, 11 Sep 1998
Official warns of dengue outbreak
Official warns of dengue outbreak JAKARTA (JP): A city administration official warned on Tuesday of the possibility of another outbreak of dengue fever during the upcoming rainy season, which is expected to be marked by unusually heavy rainfall as a result of the La Nia weather phenomenon.
Fri, 11 Sep 1998
MPR may ask Soeharto for account
MPR may ask Soeharto for account JAKARTA (JP): The special session of the People's Consultative Assembly (MPR) planned for November may well hear former president Soeharto's account of his leadership if the factions push the issue, according to Assembly member Poedjono Pranyoto.
Fri, 11 Sep 1998
Gen. Hartono the undesirable
Gen. Hartono the undesirable JAKARTA (JP): Villagers in Bengkalis, Riau, are taking offense at a four-meter tall statue of Gen. (ret) R. Hartono standing to attention in his full military uniform at an oil palm plantation belonging to powerful tycoon Liem Sioe Liong.
Fri, 11 Sep 1998
Neighbors' unrest threatens S'pore
Neighbors' unrest threatens S'poreBy Jerry Norton SINGAPORE (Reuters): Singapore is experiencing short-term pain but could see some long-term gain from economic and political turmoil in nearby Malaysia, analysts say.
Fri, 11 Sep 1998
One dies in strike against forest looters
One dies in strike against forest looters YOGYAKARTA (JP): Police operations to curb looting of teak forests in Ngawi regency have resulted in one fatality, two rubber bullet injuries and at least 115 arrests between Sept. 3 and Sept. 9.
Fri, 11 Sep 1998
Remaining combat troops withdrawn from Aceh
Remaining combat troops withdrawn from Aceh JAKARTA (JP): The Armed Forces (ABRI) has pulled out the 300 remaining combat troops from Aceh following the restoration of order in the riot-hit province.The troops were transported by military trucks from the Aceh Military District Headquarters in...
Fri, 11 Sep 1998
Pete starts RI drilling
Pete starts RI drilling LONDON (Dow Jones): UK-based Dana Petroleum PLC said Thursday that in partnership with Premier Oil PLC, Amerada Hess Corp. (AHC) and Gulf Resources Ltd., it has begun drilling on the Pangkah production sharing contract (PSC) area in the East Java Sea, Indonesia.
Fri, 11 Sep 1998
Political players need to negotiate
Political players need to negotiateBy Rizal Mallaranggeng The following article is based on a paper presented at a discussion on finding a "new vision" in the post-Soeharto era held by the Center for Strategic and International Studies on Aug. 25.
Fri, 11 Sep 1998
Pontjo seen as Garuda commissioner
Pontjo seen as Garuda commissioner JAKARTA (JP): Pontjo Sutowo, the chairman of the Association of Indonesian Hotels and Restaurants, has been named as a possible future commissioner for national flag carrier Garuda Indonesia.
Fri, 11 Sep 1998
Rupiah, stocks suffer on political woes
Rupiah, stocks suffer on political woes JAKARTA (JP): Indonesia's rattled financial markets shuddered again on Thursday with the rupiah sinking below 12,000 to the U.S. dollar on the back of escalating political tension at home, currency dealers said.