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Tue, 01 Sep 1998
Banks opened to overseas investment
Banks opened to overseas investment JAKARTA (JP): Minister of Finance Bambang Subianto said Monday that foreign investors would be treated equally with local investors in the opportunity to acquire ailing local banks.
Tue, 01 Sep 1998
BNI, BDN, Bapindo stay in the black amid crisis
BNI, BDN, Bapindo stay in the black amid crisis JAKARTA (JP): Three state banks -- Bank Negara Indonesia (BNI), Bank Dagang Negara (BDN) and Bank Pembangunan Indonesia (Bapindo) -- chalked up profits in the first half of the year despite the worsening economic crisis.
Tue, 01 Sep 1998
BII clients reject rate hike
BII clients reject rate hike JAKARTA (JP): Bank Internasional Indonesia (BII)'s clients have opposed the bank's decision to raise its interest rates on home loans to 27 percent from 19 percent.Benny A. Kusbini, the chairman of a forum of BII's home loan borrowers, said that with the interest rate...
Tue, 01 Sep 1998
S'pore sends rice, medicine
S'pore sends rice, medicine MEDAN, North Sumatra: Singapore has donated 490 metric tons of rice worth S$10 million along with S$2 million of medicine to Indonesia, and will send more assistance so that the total reaches 10,000 tons of rice.Brig. Gen.
Tue, 01 Sep 1998
Indonesian own goal hands Thailand victory
Indonesian own goal hands Thailand victory HO CHI MINH CITY, Vietnam (AP): Yusuf Ekodono scored an intentional own goal with less than a minute left as Thailand unwillingly beat Indonesia 3-2 Monday in a farcical Tiger Cup soccer match that neither team wanted to win.
Tue, 01 Sep 1998
Navy launched Jonggol harvests
Navy launched Jonggol harvests JAKARTA (JP): Navy Chief of Staff Rear Adm. Widodo AS launched on Monday harvests of corn and peanut crops cultivated on eight hectares of idle land in Jonggol district, Bogor.The produce consisted of about 16.5 metric tons of corn harvested from a 4.
Tue, 01 Sep 1998
High-tech takes a backseat in crisis, Habibie says
High-tech takes a backseat in crisis, Habibie says JAKARTA (JP): President B.J. Habibie, long an ardent advocate of the importance of high technology for the nation, has cited procurement of daily necessities as his administration's top priority during the economic crisis.
Tue, 01 Sep 1998
Standards for artists' skills
Standards for artists' skills YOGYAKARTA: The Ministry of Education and Culture is to introduce a standardization of skills of musical and performance artists in order to make it easier for both domestic and foreign organizers to hire them for performances.Director of Arts and Culture W.J.
Tue, 01 Sep 1998
Police arrest 10 alleged container robbers in raids
Police arrest 10 alleged container robbers in raids JAKARTA (JP): Police have arrested 10 men believed to be members of the two most wanted container robbery gangs which preyed on cargo trucks headed to destinations across Java.
Tue, 01 Sep 1998
RI baseball team off to Osaka
RI baseball team off to Osaka JAKARTA (JP): Indonesia will send a 16-strong team to the AAA Asian Under-18 Baseball Championship in Osaka, Japan, scheduled to run from Sept. 3 to Sept. 14.Team manager Harry Trisnadi said on Monday that his squad aimed only "to seek lessons from established baseball...
Tue, 01 Sep 1998
Thousands in East Flores turn to tree fruit and leaves
Thousands in East Flores turn to tree fruit and leaves JAKARTA (JP): East Nusa Tenggara (NTT) Governor Piet Alexander Talo said about 13,000 people in East Flores regency are having to survive on the fruits of mangrove jujube trees and the leaves of tamarind trees as they could no longer afford to...
Tue, 01 Sep 1998
Drama of RI's economic crisis
Drama of RI's economic crisisBy Mar'ie Muhammad The following is an excerpt from a paper presented by former finance minister Mar'ie Muhammad at the Asia Research Center, Murdoch University, in Perth, Western Australia, on Aug. 20. This is the first of two articles.
Tue, 01 Sep 1998
RI junior chess team captures Merdeka Cup
RI junior chess team captures Merdeka Cup JAKARTA (JP): The Indonesian team of four boys won the 17th Merdeka Cup youth chess tournament in Kuala Lumpur, Malaysia, which concluded Sunday.The quartet of Susanto Megaranto, Tirta Chandra, Taufik Halay and Hastomo, who are all 11 or 12 years old,...
Tue, 01 Sep 1998
Ananda seeks better future in auto racing
Ananda seeks better future in auto racing JAKARTA (JP): Like father like son. That's the most likely reason why Ananda Mikola dons a racing suit.But when it comes to dreams, teenage Ananda wants to surpass the achievements of his father -- former top national driver Tinton Suprapto.
Tue, 01 Sep 1998
Prabowo in list of rising stars shot down in their prime
Prabowo in list of rising stars shot down in their primeBy Lela E. Madjiah This is the first of two articles exploring the history of Indonesia's fallen officers. JAKARTA (JP): Like a morning star that shines brightly for a brief moment before it is eclipsed by the rising sun and fades away,...
Tue, 01 Sep 1998
Cilacap back to normal, but tension still palpable
Cilacap back to normal, but tension still palpable CILACAP, Central Java (JP): Most shops remained shuttered in this coastal city on Monday and troops patrolled thoroughfares following three days of rioting that exploded on Friday.Cilacap police chief Lt. Col.
Tue, 01 Sep 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Documentary: Tanah Airku 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary: Survei dan Pemetaan Hidro Oseanografi 6:00 News: Lintasan Berita 6:05 Documentary:...
Tue, 01 Sep 1998
Indocement's profit falls
Indocement's profit falls JAKARTA (JP): Publicly-listed cement maker PT Indocement saw its net profit fall drastically to Rp 3.3 billion (US$300,000) in the first half of this year, from Rp 262.5 billion in the corresponding period of 1997, the company said Monday.
Tue, 01 Sep 1998
Ade regains Asian crown
Ade regains Asian crown JAKARTA (JP): Indonesia's Ade Rai won the light heavyweight gold medal in the Asian Master Body Building Championships in Ho Chi Minh City, Vietnam, over the weekend.The Indonesian Weightlifting, Powerlifting and Body Building Association's deputy chairman, Budi Santoso,...
Tue, 01 Sep 1998
DuPont gives scholarships
DuPont gives scholarships JAKARTA (JP): U.S chemical giant DuPont Far East Inc. announced Monday it would award Rp 72 million (about US$6,500) in scholarships to eligible students from 33 state universities in Indonesia during 1998/1999 academic year.
Tue, 01 Sep 1998
Persija chief dies at 48
Persija chief dies at 48 JAKARTA (JP): The chief of Jakarta-based soccer club Persija, Todung Barita Lumban Raja, died of cancer last night at Mitra Keluarga Hospital in Jatinegara, East Jakarta.He was 48 years old and is survived by a wife and three children.
Tue, 01 Sep 1998
Policeto adopt amiable approach in seat belt drive
Policeto adopt amiable approach in seat belt drive JAKARTA (JP): Police have been instructed to give out warnings to motorists not using seat belts in the lead-up to and after a seat belt regulation comes into effect in the capital on Sept. 17, a high-ranking official said on Monday.
Tue, 01 Sep 1998
Let's reduce sugar consumption
Let's reduce sugar consumptionFrom Bisnis IndonesiaGranulated sugar consumption has been increasing because almost everybody likes the sweet taste of sugar. Unfortunately, domestic granulated sugar production is not compatible with the rising demand for the commodity and we have forced to import it...
Tue, 01 Sep 1998
Our national blueprint
Our national blueprint President B.J. Habibie has described six development milestones in our history and attempts to build a civil society based upon the central role of the government initiating, facilitating and promoting a competitive democratic society based on respect for human rights,...
Tue, 01 Sep 1998
Where to go in Bandung:
Where to go in Bandung:Music and Entertainment * Hotel Papandayan, Jl. Gatot Subroto No. 83 (Phone: 022 310799): - The Burangrang Lounge at 7 p.m. to 10 p.m.: Piano Solo, Monday. Jazz Duo, Tuesday. Piano Solo, Wednesday. Piano, Jazzy Voices, Thursday. Jazz Quartet, Friday. Fusion Jazz Bit, Saturday.
Tue, 01 Sep 1998
Agung mulls takeover of Sentul circuit
Agung mulls takeover of Sentul circuit JAKARTA (JP): State Minister for Youth Affairs and Sports Agung Laksono said on Monday that his office was still studying a proposed takeover of the Sentul circuit in Bogor, West Java.
Tue, 01 Sep 1998
Hotel Majapahit's new boss
Hotel Majapahit's new boss JAKARTA (JP): International hotel chain Mandarin Oriental Group has appointed Bradford Zak as a new manager of Hotel Majapahit Mandarin Oriental in Surabaya, East Java.The hotel chain announced Monday that Zak, a former resident manager of the Mandarin Oriental Macau,...
Tue, 01 Sep 1998
RP and Brunei to discuss use of ASEAN currencies
RP and Brunei to discuss use of ASEAN currencies MANILA (AFP): Sultan Hassanal Bolkiah of Brunei, due to begin a two-day visit, is to discuss with President Joseph Estrada the use of ASEAN currencies and other measures aimed at easing the pain of the Asian crisis, a spokesman said Monday.
Tue, 01 Sep 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 31, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 225 -25 105,000 Alumindo Light Metal 300 25 121,500...
Tue, 01 Sep 1998
Slaughtering fees to be raised
Slaughtering fees to be raised JAKARTA (JP): City-owned slaughterhouse PD Dharma Jaya will raise fees for butchering pigs and cattle by 30 percent and 65 percent respectively to enable the company to cover losses caused by the crisis.
Tue, 01 Sep 1998
INDRA caps September debt rate at Rp 12,314
INDRA caps September debt rate at Rp 12,314 JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) set on Monday the rupiah exchange rate for the conversion of overseas debts of local corporate debtors participating in the agency's debt restructuring program this month at Rp 12,314 per U.S.
Tue, 01 Sep 1998
Harmoko pins high hope on upcoming election
Harmoko pins high hope on upcoming election JAKARTA (JP): Speaker of the House of Representatives/ People's Consultative Assembly (DPR/MPR) Harmoko pinned high hopes on Monday on the upcoming general election to bring improvements for the nation.
Tue, 01 Sep 1998
MPR begins discussing its special session agenda
MPR begins discussing its special session agenda JAKARTA (JP): The People's Consultative Assembly (MPR) is gearing up for its four-day special session beginning on Nov. 10, with its five factions pushing for their own agendas to be included in the proceedings.
Tue, 01 Sep 1998
Nature or nurture: What is there behind transsexuality?
Nature or nurture: What is there behind transsexuality? JAKARTA (JP): Rejection or indifference: These are the two most common reactions transsexuals have to deal with in our society.Given the fact that transsexuals face extreme prejudice and a lack of acceptance, experts have tried to figure out...
Tue, 01 Sep 1998
DialMart starts operating today
DialMart starts operating today JAKARTA (JP): New household shopping service company PT DialMart Indotama is scheduled to start operations Tuesday to serve customers in Jakarta, Tangerang and Bekasi.Company president Lenny Marlina said on Monday at a ceremony inaugurating the service at the Regent...
Tue, 01 Sep 1998
Asian economic crisis shows need for changes
Asian economic crisis shows need for changes BASEL, Switzerland (AFP): The crisis in Asia underlines the need for changes in the world financial system, the Bank for International Settlements said in its latest quarterly banking report.
Tue, 01 Sep 1998
Habibie and Soeharto
Habibie and Soeharto During the Soeharto regime, the people were witness to at least five categories of deceptive information -- regarding the wealth of government officials and their families, politics, cultural and social values, justice and economic conditions.
Tue, 01 Sep 1998
Merpati cuts Jambi flights
Merpati cuts Jambi flights JAKARTA (JP): State-owned Merpati Nusantara airlines will reduce its weekly flights between Jakarta and Jambi from seven to five starting Tuesday, following the 40 percent increase in domestic airfares.
Tue, 01 Sep 1998
Attorney General begins banking investigations
Attorney General begins banking investigations JAKARTA (JP): The Attorney General's Office has started the process of investigating the management and owners of 14 troubled banks receiving more than Rp 102 trillion (US$9.3 billion) in Bank Indonesia liquidity support.
Tue, 01 Sep 1998
The specter of anarchy
The specter of anarchy The sporadic riots which broke out in Cilacap, Central Java, and Bondowoso and Situbondo in East Java last weekend have raised the specter of anarchy spreading to other parts of the archipelago.
Tue, 01 Sep 1998
Enemployment, poverty to reach alarming level
Enemployment, poverty to reach alarming level JAKARTA (JP): An average of almost 15,000 workers will lose their jobs every day this year and two out of three Indonesians are likely to be living below the poverty line in 1999, the International Labor Organization (ILO) warned on Monday.
Tue, 01 Sep 1998
Aceh atrocities boost people's demand for autonomy
Aceh atrocities boost people's demand for autonomyBy Pandaya BANDA ACEH, Aceh (JP): The fragile-looking Baharuddin Lopa stood in a crowd of 1,000 people surrounding an excavated hillside mass grave under a scalding sun, alternately acting like a fossil auctioneer and a fiery orator.
Tue, 01 Sep 1998
Banks must take human approach to home loans
Banks must take human approach to home loans JAKARTA (JP): Local banks must use a "human approach" when dealing with their home loan recipients who can no longer afford to make their monthly payments, banking observer Enny Hardjanto said on Monday.
Tue, 01 Sep 1998
Unrelenting economic crisis forces children onto the streets
Unrelenting economic crisis forces children onto the streetsBy Jupriadi JAKARTA (JP): Anto wiped sweat from his face and bravely whisked around the slow-moving cars caught in heavy traffic in the Blok M commercial district in South Jakarta."Prabowo has been fired...
Tue, 01 Sep 1998
Transsexuals find money, peace, joy at Taman Lawang
Transsexuals find money, peace, joy at Taman LawangBy Yudha Kartohadiprodjo and Yogita Tahil Ramani JAKARTA (JP): The father wanted the son to work in the field of medicine. The father would have settled for anything, even if it meant his son mopped hospital floors.
Tue, 01 Sep 1998
Asset redistribution must put people first
Asset redistribution must put people first Several commercial banks have failed to repay liquidity support to Bank Indonesia, the central bank, because their debtor companies defaulted on repaying their debts.
Tue, 01 Sep 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. 31 to Sept. 6: U.S. dollar 1 Rp 10,900.00Austrian shilling 1 860.
Tue, 01 Sep 1998
Project for skilled workers launched
Project for skilled workers launched JAKARTA (JP): The city administration launched on Monday a labor-intensive project worth more than Rp 60 billion (US$5.45 million) for skilled workers to help ease unemployment problems in the capital.
Tue, 01 Sep 1998
Malaysia marks national day
Malaysia marks national day PENANG, Malaysia (AFP): Malaysia cast off the economic gloom which has seen it plunge into recession to celebrate its 41st anniversary with joy and patriotism on Monday.Concern over "the economic crisis did not show in the faces of the thousands of people who lined the...
Tue, 01 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 31, 1998: Buying Selling Rp Rp U.S. dollar 1 10,850.00 11,250.00Austrian shilling 1 842.00 938.00Australian dollar 1 6,099.00 6,346.00Belgian franc 1 295.00 305.00Canadian dollar 1 6,929.