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Sat, 30 May 1998
Chinese invited to Thailand
Chinese invited to Thailand BANGKOK (AP): Thailand is wooing wealthy ethnic Chinese fleeing riots in Indonesia and other foreigners to take up legal residence in the country, with the price of admission 10 million baht (US$250,000) in investment.Capt.
Sat, 30 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Cartoon Exhibition: Population Issue, by Cartoonists from 9 countries in Asia, 10 a.m. to 5 p.m., in Gallery Pasar Seni Jaya Ancol, Jl. Lodan Timur, North Jakarta, until May 31. * Art Exhibition by Sixteen Female Artists, at the Regent Jakarta, Main Lobby, Jl. H.
Sat, 30 May 1998
Gloomy Asian marts shed early gains
Gloomy Asian marts shed early gains SINGAPORE (Reuters): Most Asian markets failed to hold early gains yesterday, while currencies also wilted as jitters over rising political tension in South Asia and fears of a looming recession hit sentiment.
Sat, 30 May 1998
Pertamina to undergo fundamental change
Pertamina to undergo fundamental change JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto pledged yesterday to introduce fundamental changes to the operations of state oil and gas company Pertamina.
Sat, 30 May 1998
Japanese banks aid Indonesia, but ensure of business outlook
Japanese banks aid Indonesia, but ensure of business outlook TOKYO (Reuters): Japanese banks have moved to support Indonesia's trade financing and boost capital in their Indonesian subsidiaries, but they are still far from optimistic about business prospects there.
Sat, 30 May 1998
Military top brass briefed on ABRI's concept for reform
Military top brass briefed on ABRI's concept for reform JAKARTA (JP): The military top brass were briefed yesterday on the Armed Forces' (ABRI) concept of reform, as well as its campaign to help restimulate the economy and public confidence in the government.Armed Forces (ABRI) spokesman Brig. Gen.
Sat, 30 May 1998
JSX stocks strengthen but concerns remain
JSX stocks strengthen but concerns remain JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) gained slightly yesterday but concerns over the country's political and economic uncertainty remained, analysts and dealers said.
Sat, 30 May 1998
Govt announces sweeping reforms to lure investors
Govt announces sweeping reforms to lure investors JAKARTA (JP): The government will introduce massive reform of investment procedures in a bid to encourage domestic investors and lure back the foreign capital badly needed to restore the country's ailing economy, a senior minister announced...
Sat, 30 May 1998
50% public phones useless
50% public phones useless PONTIANAK, West Kalimantan: More than half of all the public telephones in the city are out of order and the city administration has no immediate plans to repair them.Syaiful Mukmin, head of the local branch of state-owned PT Telkom, said here yesterday that 160 out of 311...
Sat, 30 May 1998
Giving sound to that which has long been unheard
Giving sound to that which has long been unheardBy Yogita Tahil Ramani JAKARTA (JP): Reform embeds itself and elicits a voice from the most unlikely of places. Expressions of hatred, tragedy, regret and, most of all, rejoicing, graced three nights at Taman Ismail Marzuki, a primary venue for...
Sat, 30 May 1998
Palm oil opens lower
Palm oil opens lower LONDON (Reuters): News that Pakistan has suspended all foreign currency transactions amid the world-wide outcry over its nuclear tests hit opening palm oil prices in Europe yesterday.Crude palm oil opened $15 to $7.
Fri, 29 May 1998
Minister gets earful on return to campus
Minister gets earful on return to campus BOGOR, West Java: Minister of Agriculture Soleh Solahuddin upon his return to the Bogor Institute of Technology (IPB), where he still serves as rector, was forced to defend his decision to accept the ministerial appointment.Farid R.
Fri, 29 May 1998
Investigation of wealth
Investigation of wealth I'm writing this letter in response to statements made by Amien Rais, chairman of the Muhammadyah, concerning investigating the personal wealth of former president Soeharto and his family.We must be wise in responding his statement.
Fri, 29 May 1998
Japanese banks mull capital boost for Indonesian units
Japanese banks mull capital boost for Indonesian units TOKYO (Reuters): Major Japanese commercial banks are considering raising capital for their Indonesian subsidiaries that were jointly set up with companies in the southeast Asian nation, banking sources here said yesterday.
Fri, 29 May 1998
Reform needed to boost food and agricultural production
Reform needed to boost food and agricultural production Food and agriculture have played a major role in exacerbating the economic crisis. Dr. H.S. Dillon, executive director of the Center for Agricultural Policy Studies, discusses developments under the new government.
Fri, 29 May 1998
Public pluck needed
Public pluck neededFrom Bisnis IndonesiaWe should feel grateful conditions in Jakarta have returned to normal. Nevertheless, people should not let down their guard.To anticipate unwanted situations, it is highly necessary to inject the people with courage to ward off and even to fight rioters and...
Fri, 29 May 1998
Where to go in Surabaya:
Where to go in Surabaya:Exhibition * Painting Exhibition: Berdua, by Nonot Sukrasmono in CCF - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 9 a.m. to 8:30 p.m., until May 30.Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend.
Fri, 29 May 1998
Borobudur festival canceled
Borobudur festival canceled SEMARANG, Central Java: This year's Borobudur International Festival, originally slated for July 7 to July 11, has been officially canceled due to safety and economic reasons.
Fri, 29 May 1998
OPEC basket price increases
OPEC basket price increases LONDON (Reuters): The price of OPEC's basket of seven crudes rose to $13.21 a barrel on Wednesday from $13.13 a barrel on Tuesday, the OPEC news agency said quoting the OPEC Secretariat.
Fri, 29 May 1998
Japan offers scholarships
Japan offers scholarships UJUNGPANDANG, South Sulawesi: The Japanese education ministry is offering scholarships for senior high school graduates to study at universities and polytechnical schools in Japan during the 1999 academic year.
Fri, 29 May 1998
Total reform is just that
Total reform is just that In an effort to implement reform, the Habibie administration and the House of Representatives have agreed not to hold a general election until next year. According to their schedule, the legislature needs six months to revamp the existing political laws, which will serve...
Fri, 29 May 1998
RI crisis hits Dutch exports
RI crisis hits Dutch exports THE HAGUE, Netherlands (AP): Exports of Dutch goods to Indonesia, the Netherlands' embattled former colony, plunged by 57 percent in February, the government statistics agency said yesterday.
Fri, 29 May 1998
Traders protest about security during riots
Traders protest about security during riots JAKARTA (JP): Dozens of traders of Chinese descent who were hit hard by the May 14 rioting went to the National Commission on Human Rights yesterday to complain about the lack of security during the unrest.
Fri, 29 May 1998
The question of Habibie's legitimacy
The question of Habibie's legitimacy Up to this day the public debate remains focused on the legitimacy of Habibie's presidency. Habibie was formally installed as president even though the People's Consultative Assembly (MPR) decree which named him vice president has not been abrogated.
Fri, 29 May 1998
Coalition may lead RI after general election
Coalition may lead RI after general election Indonesia is grappling for the best political format in the wake of last week's political turmoil. Arbi Sanit, a political scientist at the University of Indonesia, forecasts the trends. Question: Do you think President B.J.
Fri, 29 May 1998
Soeharto's fall a near repeat of Sukarno's ruin
Soeharto's fall a near repeat of Sukarno's ruinBy Tjipta Lesmana JAKARTA (JP): Former president Soeharto's downfall and that of his predecessor, Sukarno, share many things in common.Both men were confronted with serious crises before their falls.
Fri, 29 May 1998
Camdessus links Asian practice of crony capitalism to crisis
Camdessus links Asian practice of crony capitalism to crisis BISHKEK, Kyrgyzstan (Reuters): The International Monetary Fund (IMF) had harsh words for some Asian states on Wednesday, with managing director Michel Camdessus naming "crony capitalism" as a major factor behind the region's economic...
Fri, 29 May 1998
Military personnel face court-martial next week
Military personnel face court-martial next week JAKARTA (JP): Nineteen members of the Armed Forces (ABRI) will face a court-martial next week for their alleged involvement in the May 12 shootings at Trisakti University which left four student protesters dead, according to Minister of Defense and...
Fri, 29 May 1998
Macroeconomic targets need revising: Neiss
Macroeconomic targets need revising: Neiss JAKARTA (JP): Macroeconomic assumptions of the International Monetary Fund's economic reform program for Indonesia will have to be adjusted due to the country's worsening situation, IMF Asia Pacific director Hubert Neiss admitted yesterday.
Fri, 29 May 1998
Solo's riot damage totals Rp 5.4t
Solo's riot damage totals Rp 5.4t SURAKARTA, Central Java: An estimated Rp 5.4 billion will be needed to repair public facilities and infrastructure damaged during two days of unrest here two weeks ago.The city administration is currently reviewing its 1998/1999 budget to include the repairs.
Fri, 29 May 1998
IMF may not offer all the answers
IMF may not offer all the answersBy Peter Sheehan and David Ray MELBOURNE (JP): With the resignation of former president Soeharto and the establishment of the Habibie government, Indonesia has a major opportunity for renewed economic and social progress.
Fri, 29 May 1998
Mar'ie wants govt to close ailing banks
Mar'ie wants govt to close ailing banks YOGYAKARTA (JP): Former finance minister Mar'ie Muhammad urged the government yesterday to close down ailing banks which could no longer be maintained without further financial help."Banks which are in the worst shape are better off closed.
Fri, 29 May 1998
Transparency for BI
Transparency for BIFrom NeracaBank Indonesia (BI) is now free from the government's interference. It is now time for BI, as an independent monetary authority, to account to the House of Representatives and the public for the funds allocated for its liquidity credits (KLBI), totaling more than Rp...
Fri, 29 May 1998
Labor party to elect board members next week
Labor party to elect board members next week JAKARTA (JP): The Indonesian Workers Party (PPI), a new political party established by labor activists, is to assemble next week to elect an executive board.
Fri, 29 May 1998
Aussie farm trade shocked
Aussie farm trade shocked SYDNEY (Reuters): Australia's A$20 billion a year farm export sector is braced for a worsening impact from the Asian crisis.Ian Donges, newly-elected president of Australia's peak farm body the National Farmers' Federation (NFF), said he was concerned especially about...
Fri, 29 May 1998
India ships rice to Indonesia
India ships rice to Indonesia NEW DELHI (Reuters): Indian exporters sold 75,000 tons of long grain non-basmati rice to Indonesia this month, a leading trader said yesterday."I have sold 75,000 tons of long grain rice to Indonesia in the past 10 days," Prem Garg, managing director of Shivnathrai...
Fri, 29 May 1998
TV channel to promote ASEAN culture mooted
TV channel to promote ASEAN culture mooted SINGAPORE (DPA): The Association of Southeast Asian Nations (ASEAN) may set up a satellite television channel to showcase the region's cultures, reports in Singapore said Wednesday.
Fri, 29 May 1998
Badminton players, coaches earn their cash bonuses
Badminton players, coaches earn their cash bonuses JAKARTA (JP): A cash bonus presentation capped the national badminton team's Thomas Cup victory celebration Wednesday, with each member receiving between Rp 20 million (US$2,000) and Rp 60 million.The rewards, totaling Rp 1.
Fri, 29 May 1998
UI to host overnight gathering on reform
UI to host overnight gathering on reform JAKARTA (JP): Up to 10,000 university students and lecturers in Greater Jakarta are expected to participate in an evening of music and discussions about reform at the University of Indonesia's Depok campus tonight.
Fri, 29 May 1998
Universities as tools for peaceful change
Universities as tools for peaceful changeBy Meuthia Ganie Rochman BOGOR (JP): What kinds of changes does Indonesian society expect to happen, planned or responsive?At present, the cultural themes about planned changes are vanishing.
Fri, 29 May 1998
Slum residents perform at TIM
Slum residents perform at TIM JAKARTA (JP): Slum residents, rejecting the label of looters and rioters apparently given to them, are participating in a performance and installation exhibition under the theme public witness, organizers said.
Fri, 29 May 1998
De Venecia concedes defeat
De Venecia concedes defeat MANILA (AP): Ruling party candidate Jose de Venecia conceded defeat yesterday, a day before Congress was scheduled to proclaim Vice President Joseph Estrada as the Philippines' next president.
Fri, 29 May 1998
Man caught for necklace snatching
Man caught for necklace snatching JAKARTA (JP): Central Jakarta Police have arrested a man for snatching a passerby's gold necklace at Senen bus terminal on Tuesday.The chief of Central Jakarta's police investigation unit, Jacob Margani, identified the suspect yesterday as Dedi Kurniawan Saragih,...
Fri, 29 May 1998
Govt releases two more political prisoners
Govt releases two more political prisoners JAKARTA (JP): The government released yesterday two more political prisoners and dropped charges against three female activists who had been accused of disrupting public order.
Fri, 29 May 1998
Woman too broke to bury husband
Woman too broke to bury husband JAKARTA (JP): A 45-year-old destitute housewife of five handed over her husband's remains to the state-owned Cipto Mangunkusumo General Hospital on Tuesday night for burial.
Fri, 29 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 28, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 775 0 0 Alumindo Light Metal 300 0 30,000 Alumindo Perkasa...
Fri, 29 May 1998
Police chief change 'Hamami's request'
Police chief change 'Hamami's request' JAKARTA (JP): National Police Commander Gen. Dibyo Widodo said yesterday that the replacement of Maj. Gen. Hamami Nata as Jakarta Police chief was totally unrelated to the fatal shooting of four Trisakti University students on May 12.
Fri, 29 May 1998
Good job
Good job It has been on my mind for several days to write to you. I've long been an admirer of The Jakarta Post and have found especially your news coverage over the four and a half years that we've lived in Jakarta excellent.
Fri, 29 May 1998
Payment clarification
Payment clarification In response to the letter from Ms. Kristina Djaja which appeared in May 27's The Jakarta Post, Visa International advises that such conduct is unacceptable.Once a Visa cardholder signs the sales draft, it becomes an authorization for a purchase and also a proven document of...
Fri, 29 May 1998
Soeharto clan fazed by probe into fortune
Soeharto clan fazed by probe into fortune JAKARTA (JP): Former president Soeharto and his family would not object to having their personal wealth investigated as long as it was conducted by the Attorney General's Office, a relative said yesterday.