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Fri, 19 Dec 1997
Fitch IBCA may cut RI's debt ratings
Fitch IBCA may cut RI's debt ratings NEW YORK (Reuters): International rating agency Fitch IBCA said Wednesday it may cut Indonesia's BBB-minus long-term foreign currency rating and F3 short-term rating because of political and policy uncertainty.
Fri, 19 Dec 1997
Monetary turmoil deals heavy blow to laborers
Monetary turmoil deals heavy blow to laborers JAKARTA (JP): The monetary crisis has put the brakes on many city projects, leaving an untold number of construction workers jobless, homeless and starving.
Fri, 19 Dec 1997
The rupiah
The rupiahFrom NeracaI am a columnist and I join those who are concerned about the fall of the rupiah. In my opinion, it is no longer an economic problem but is derived from speculations which will destroy the achievements of our country's development.
Fri, 19 Dec 1997
Economic reform needed
Economic reform neededFrom MerdekaThere was an interesting hypothesis in the Dec. 5 editorial of Merdeka: "If the monetary crisis comes as an uninvited guest, then the first to be held accountable for that is the government of the country concerned.
Fri, 19 Dec 1997
Assembly okays draft on human rights
Assembly okays draft on human rights JAKARTA (JP): A People's Consultative Assembly team completed a draft on human rights protection yesterday to be incorporated in the 1998/2003 State Policy Guidelines.
Fri, 19 Dec 1997
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Paket 27 6:00 News: Lintasan Berita 6:05...
Thu, 18 Dec 1997
JC Penney's final sale attract bargain hunters
JC Penney's final sale attract bargain hunters JAKARTA (JP): Hundreds of bargain hunters have flocked to JC Penney outlets in Jakarta and Tangerang to take advantage of huge discounts following the company's decision to close down its Indonesian operation.
Thu, 18 Dec 1997
Canada's Paul hopes to win Super Car series at Sentul
Canada's Paul hopes to win Super Car series at Sentul JAKARTA (JP): Canadian Robert J. Paul is hopeful of winning the Super Car title at the Sentul circuit, near Bogor, on Sunday.If Paul wins, he will have won two titles this year after winning the 1997 national drag race series.
Thu, 18 Dec 1997
Road to be widened in Bintaro Jaya
Road to be widened in Bintaro Jaya JAKARTA (JP): The City Council has urged Jaya Real Property, the developer of the Bintaro Jaya housing complex in South Jakarta, to broaden Jl. Cempaka connecting the complex and a major road in the area to help ease traffic congestion.
Thu, 18 Dec 1997
Thai private sector debt runs to $72b
Thai private sector debt runs to $72b BANGKOK (AFP): Thailand's private sector foreign debt stands at $72 billion, with about 50 percent of the sum owed to Japanese creditors, Finance Minister Tarrin Nimmanahaeminda said yesterday.
Thu, 18 Dec 1997
Bus accident kills 4 people, injures 5 others
Bus accident kills 4 people, injures 5 others JAKARTA (JP): At least four people were killed and five others injured when a speeding, overloaded minibus hit a shelter at a bus stop in Tanjung Duren district, West Jakarta, yesterday morning.
Thu, 18 Dec 1997
Asian dilemma bites into Australia
Asian dilemma bites into Australia SYDNEY (AFP): Australia's economy trembled in the face of Asia's entrenched economic crisis yesterday as the tourism and education sectors weakened alarmingly and the dollar was tipped to plunge to a 10-year low."The Aussie dollar has fallen by so much so quickly..
Thu, 18 Dec 1997
Cardinal says have 'a simple' Christmas
Cardinal says have 'a simple' Christmas JAKARTA (JP): Jakarta's Archbishop, Cardinal Darmaatmadja, called on Catholics in the capital to celebrate Christmas in simple but solemn ceremonies.Echoing an earlier message from the Indonesian Bishops Conference the cardinal appealed to Catholics to show...
Thu, 18 Dec 1997
National economy concept
National economy conceptFrom MerdekaI was impressed when I read a series of articles in Merdeka (Nov. 18 through Nov. 25) written by well-known scholar Kwik Kian Gie, who presented the articles in good language.
Thu, 18 Dec 1997
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec.17, 1997: Buying Selling Rp Rp U.S dollar 5,300.00 5,900.00Austrian shilling 421.10 483.70Australian dollar 3,561.90 3,820.90Belgian franc 147.40 160.50Canadian dollar 3,816.10 4,064.20Swiss franc 3,779.
Thu, 18 Dec 1997
Casas' matchplay victory sets up clash against friend
Casas' matchplay victory sets up clash against friendBy Bobby Alan Wilson CLARKFIELD, Philippines (JP): Filipino Felix Casas defeated America's Gerry Norquist yesterday in the first round of the Volvo Asian Matchplay to set up an exciting second-round draw against his in-form compatriot and friend...
Thu, 18 Dec 1997
On transforming the nation into a new society
On transforming the nation into a new society Leadership succession has been an on-and-off issue in Indonesian politics. Moeslim Abdurrahman, a political observer and Ph.D. candidate in anthropology at the University of Illinois in the United States, discusses the issue linked with political...
Thu, 18 Dec 1997
Monkey shipment embargo lifted
Monkey shipment embargo lifted PARIS (Reuters): French animal rights association Aequalis said Air France Cargo had lifted its embargo, imposed in June 1997, on the shipment of monkeys from Indonesia.A flight carrying monkeys destined for the U.S.
Thu, 18 Dec 1997
Capital controls can have negative impact
Capital controls can have negative impact JAKARTA (JP): Imposing capital controls as a way of preventing the financial turmoil in Indonesia from worsening would negatively impact the economy, a veteran economist says.
Thu, 18 Dec 1997
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Traditional Performance: Gebug Ende 5:00 Arabic Lessons 5:30 Children's Program: Bermain Musik 6:00 News: Lintasan Berita 6:05...
Thu, 18 Dec 1997
Cancellation of property projects may continue
Cancellation of property projects may continue JAKARTA (JP): Tough times will continue to shade the property sector in the capital for the next 18 months due to the currency upheaval, with more postponed or canceled projects and less demand, according to a property consultant firm.
Thu, 18 Dec 1997
JP Morgan top house in Asia
JP Morgan top house in Asia HONG KONG (Reuters): U.S. investment bank JP Morgan is the top house in Asian derivatives, a survey by the financial risk management publication Asia Risk said yesterday.The bank snatched top position from Chase Manhattan, which ranked first in 1995 and 1996, Asia Risk...
Thu, 18 Dec 1997
Satelindo's response
Satelindo's response I would like to thank The Jakarta Post for printing my letter Satelindo saga in its Dec. 10 edition. The letter was a positive catalyst in this matter.The letter was certainly seen by Satelindo and they have responded very positively.
Thu, 18 Dec 1997
Mobile phone users slam poor service
Mobile phone users slam poor service JAKARTA (JP): Service providers for the popular mobile phone were the third most complained about sector this year, ranking behind housing and banking, according to the Indonesian Consumers Foundation (YLKI).
Thu, 18 Dec 1997
A pedicab and modern Mona Lisa turn up at ceramic display
A pedicab and modern Mona Lisa turn up at ceramic displayText and photos by Stevie Emilia JAKARTA (JP): Seeds of inspiration can come from anywhere, and notoriously poor public transportation services get ceramicist Sri Hartono's creative juices flowing.
Thu, 18 Dec 1997
Have the markets gone mad?
Have the markets gone mad?By C.J. de Koning JAKARTA (JP): Have markets gone mad on the rupiah? This is a valid question when a depreciation of 5 percent to 10 percent per day occurs. There are two ways to look at the markets. The first one is through the valuation of assets.
Thu, 18 Dec 1997
Recruitment fraud
Recruitment fraudFrom NeracaEarlier this month, 13 young men came to the Telkom office on Jl. Gatot Subroto, South Jakarta. They had apparently been deceived while trying to find employment in this office.
Thu, 18 Dec 1997
Nondenominational faiths put in religious affairs
Nondenominational faiths put in religious affairs JAKARTA (JP): The People's Consultative Assembly ad hoc committee deliberating the draft 1998/2003 State Policy Guidelines agreed yesterday to admit the controversial issue of nondenominational faiths in the religious affairs section.
Thu, 18 Dec 1997
President Soeharto ready to resume state duties
President Soeharto ready to resume state duties JAKARTA (JP): After resting for about 10 days, Soeharto will resume his state duties at Merdeka Palace today by leading a Military Academy graduation.But Minister/State Secretary Moerdiono refused to say whether this meant that Soeharto had ended his...
Thu, 18 Dec 1997
Search for Japanese divers continues
Search for Japanese divers continues UJUNGPANDANG, South Sulawesi: Police on Selayar Island in South Sulawesi have joined forces with local search and rescue teams to locate five Japanese divers who have been missing in Bira Bulukumba waters since Friday.
Thu, 18 Dec 1997
Taiwan wins gold at world cycling meet
Taiwan wins gold at world cycling meet KUALA LUMPUR, Malaysia (AP): Chang Shu-yin won the women's 16- kilometer points race Tuesday, giving Taiwan its first gold medal of the World Cycling B Championship.Indonesia's Nuraini won the silver medal and Hong Kong's Alexander Yeung Ka Wah the bronze.
Thu, 18 Dec 1997
Businessman tried for bank swindle
Businessman tried for bank swindle JAKARTA (JP): Businessman Made Oka Masagung was indicted at the South Jakarta District Court yesterday for his role in the forgery of 36 promissory notes worth Rp 324 billion (US$56.3 million) endorsed by his bank, Bank Arta Prima.Prosecutor Y.W.
Thu, 18 Dec 1997
Negative rumors
Negative rumorsFrom Bisnis IndonesiaMany negative rumors have been started by irresponsible people who want to create a disturbance in this country.One rumor said that another wave of bank closures would take place, and still another had it that the President's health was deteriorating.
Thu, 18 Dec 1997
Prison officer may get 6 months
Prison officer may get 6 months BOGOR (JP): Prosecutor M. Nasir asked Bogor District Court to sentence a prison officer, 41-year-old Munandar, to six months in jail for aiding the escape of the man behind the Jagorawi toll road murder and robbery.
Thu, 18 Dec 1997
Transparency 'essential' to restore confidence
Transparency 'essential' to restore confidence JAKARTA (JP): Greater transparency and political will, especially in nominating vice presidential candidates, are essential to restore confidence in the Indonesian economy, chairman of Gemala Group Sofjan Wanandi said yesterday.
Thu, 18 Dec 1997
RI still attractive to foreign investors
RI still attractive to foreign investors JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo reiterated yesterday that Indonesia was still attractive to foreign investors despite the ongoing currency crisis.Total foreign investment approvals rose to US$33.8 billion from January to Dec.
Thu, 18 Dec 1997
A teacher's wish
A teacher's wishFrom Suara KaryaI am a grade school teacher in a small village in Central Java. I have been a teacher for 36 years. I am 55. When I retire at 60, I shall have worked 41 years.I say "thank you" to the gratitude expressed to teachers, both from students and the community.
Thu, 18 Dec 1997
ASEAN to use own money
ASEAN to use own money MANILA (AFP): Southeast Asian leaders have agreed to increase intra-regional trade using their own currencies as a measure to minimize the effects of the strong dollar, President Fidel Ramos said Wednesday.
Thu, 18 Dec 1997
Alavi ends Taufik's unbeaten chess run
Alavi ends Taufik's unbeaten chess run JAKARTA (JP): FIDE Master Alavi Moghaddom of Iran ended Indonesian Taufik Hallai's unbeaten run at the world youth chess championships in Cannes, France, early yesterday.Taufik, who had not lost a game through the eighth round and had thus far collected 6.
Thu, 18 Dec 1997
Exporters yet to benefit from rupiah's sharp fall
Exporters yet to benefit from rupiah's sharp fall JAKARTA (JP): The sharp depreciation of the rupiah against the U.S. dollar will not make Indonesian products more competitive because of their high import content, an economist said.
Thu, 18 Dec 1997
Police raid clinic, collect samples in abortion probe
Police raid clinic, collect samples in abortion probe JAKARTA (JP): Central Jakarta Police temporarily closed a privately owned clinic on Jl. Kramat VI and detained its seven employees yesterday for questioning in connection with alleged abortion practices.
Thu, 18 Dec 1997
Soeharto puzzled by rupiah fall
Soeharto puzzled by rupiah fall JAKARTA (JP): President Soeharto found it extremely difficult to understand why the rupiah had continued to fall against the U.S. dollar, a senior minister said yesterday.
Thu, 18 Dec 1997
The need to improve Indonesia's image in the world community
The need to improve Indonesia's image in the world communityBy Budiono Kusumohamidjojo JAKARTA (JP): The Research and Development Board of the Indonesian Ministry of Foreign Affairs held a workshop on Dec.
Thu, 18 Dec 1997
Medical specialists in Sorong
Medical specialists in SorongFrom KompasFeeling patriotic to the country, I moved to Irian Jaya to settle in Sorong. With regard to the country's good intentions to improve community health conditions in the eastern part of Indonesia, what do medical specialists experience there? We cannot work to...
Thu, 18 Dec 1997
Elnusa gets Rp 65b loan from Bukopin
Elnusa gets Rp 65b loan from Bukopin JAKARTA (JP): Bank Bukopin agreed here yesterday to provide credit facilities of about Rp 68 billion (US$11.8 million) to PT Elnusa.Elnusa's president Aswad Dipo said the credit line would mainly be used to finance the maintenance of the refineries owned by its...
Thu, 18 Dec 1997
Navy looks for new recruits
Navy looks for new recruits SURABAYA, East Java: The Indonesian Navy is recruiting men and women who want to become naval sergeants and enlisted personnel.Information chief of the Navy's eastern fleet, Lt. Col.
Thu, 18 Dec 1997
Netherlands' awards honors Indonesians
Netherlands' awards honors Indonesians JAKARTA (JP): Two Indonesians will receive the 1997 Prince Claus Awards of the Netherlands here this weekend, according to the Embassy of the Netherlands.Jim Supangkat, an art critic, and Sardono W.
Thu, 18 Dec 1997
Bintang threatens to walk out of his subversian trial
Bintang threatens to walk out of his subversian trial JAKARTA (JP): Former legislator Sri Bintang Pamungkas is expected to attend Monday's opening court session of the subversion charges against him but he will likely boycott the rest of the proceedings at the South Jakarta District Court.
Thu, 18 Dec 1997
Rumors of a coup attempt baseless: Edi
Rumors of a coup attempt baseless: Edi JAKARTA (JP): Minister of Defense Edi Sudradjat told people yesterday not to be provoked by baseless rumors about a coup attempt.Speaking to reporters after addressing the opening ceremony of an ASEAN seminar on Principles of Regional Resilience and...
Thu, 18 Dec 1997
ASEAN criticized for lack of action
ASEAN criticized for lack of action BANGKOK (AFP): The "alternative" ASEAN human rights network slammed yesterday the Southeast Asian grouping for turning a blind eye to the abuse of citizens within the region, especially in Myanmar and East Timor.