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Fri, 29 May 1998
Joint naval patrols held
Joint naval patrols held HANOI (Reuters): Vietnam and Thailand will hold their first joint naval patrols in November to guarantee security for ships exploiting oil and gas in the Gulf of Thailand, the official Vietnam News Agency (VNA) said.
Fri, 29 May 1998
Soeharto family web spans 120 Pertamina associates
Soeharto family web spans 120 Pertamina associates JAKARTA (JP): State oil and gas company Pertamina has identified at least 120 companies operating as its contractors or suppliers which are owned by former president Soeharto's family and cronies.
Fri, 29 May 1998
ID card processing free of charge
ID card processing free of charge TANGERANG (JP): The Tangerang mayoralty administration has decided to abolish all costs in the processing of identification cards in a bid to help people through the monetary crisis, an official said yesterday.
Fri, 29 May 1998
Perta Oil continues operations as normal
Perta Oil continues operations as normal HONG KONG (Dow Jones): Perta Oil Marketing Ltd., an affiliate of Indonesian state-owned oil company, Pertamina, is operating as usual, despite government statements that Pertamina's affiliates are under review, a source close to Perta Oil Marketing Ltd. said.
Fri, 29 May 1998
Food subsidies for industries to end
Food subsidies for industries to end JAKARTA (JP): The government is to import only essential foodstuffs for household use and is encouraging industries to import food of a quality that meets their needs, a minister said yesterday.
Fri, 29 May 1998
Case settled
Case settled Referring to my letter "Bank Bali Visa Card" in the May 27 edition of The Jakarta Post, and based on my discussion with Kahyangan Restaurant at the President Hotel, I declare that the case between me and the restaurant was settled a long time ago.
Fri, 29 May 1998
More loot returned in W. Jakarta
More loot returned in W. Jakarta JAKARTA (JP): The West Jakarta military district handed over to the West Jakarta mayoralty Wednesday more goods it had confiscated from looters during the recent riots.Five televisions, two diesel engines, 27 tires and Rp 7.
Fri, 29 May 1998
Change for the better
Change for the betterFrom MerdekaLet me first congratulate Prof. B.J. Habibie on his appointment as president of the Republic of Indonesia, a very important position in this country, and the leader of 200 million people made up of diverse racial and tribal groups and various religions.
Fri, 29 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Tom and Jerry Kids 3:05 Sports: Menantang Arus 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara...
Fri, 29 May 1998
Riot-hit shopping centers unlikely to open for weeks
Riot-hit shopping centers unlikely to open for weeks JAKARTA (JP): Most of the 119 shopping centers which were looted and vandalized in the May 14 riots will not reopen for another one or two months, an official said.
Fri, 29 May 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Grand Hyatt Bali, Nusa Dua (Phone: 0361 771234): - Poolside: Pasar Senggol (Traditional Balinese Market), daily, 6:30 p.m., Kecak Dance, Friday and Tuesday. Legong Dance, Saturday and Wednesday, 7 p.m., Arjuna Wiwaha Dance, Sunday, 7 p.m.
Fri, 29 May 1998
Fresh riots erupt in N. Sumatra and S. Sulawesi
Fresh riots erupt in N. Sumatra and S. Sulawesi JAKARTA (JP): Rioting erupted Wednesday in the North Sumatra town of Tanjungbalai and South Sulawesi town of Jeneponto leaving at least one man dead and 14 people injured.
Fri, 29 May 1998
Japan trade houses rekindle fears on Asia
Japan trade houses rekindle fears on Asia TOKYO (Reuters): Japanese trading houses rekindled worries about their financial health yesterday with fresh disclosure of their vast exposure to the troubled Asian region.
Fri, 29 May 1998
Councilors recruited neposticly 'should resign'
Councilors recruited neposticly 'should resign' JAKARTA (JP): City Council speaker Edy Waluyo called on councilors yesterday who obtained their seats nepotisticly to resign.But Edy said that he would be careful when approaching the councilors he believed fell into this category.
Fri, 29 May 1998
Students honored in reform diorama
Students honored in reform diorama JAKARTA (JP): The ongoing student-led reform campaign will be immortalized at the National Monument (Monas), an official said yesterday.Monas promotion manager Soleh Satyawirawan said the diorama in the monument, unlike museums, could accommodate current...
Fri, 29 May 1998
Poll schedule to be set at end of year
Poll schedule to be set at end of year JAKARTA (JP): Speaker of the House of Representatives (DPR) Harmoko yesterday shot down hopes for snap elections, saying that an extraordinary session of the People's Consultative Assembly (MPR) to set a poll date would not be held until the end of the year.
Fri, 29 May 1998
S'pore rubber prices weaken
S'pore rubber prices weaken SINGAPORE (Reuters): Singapore rubber futures fell across the board on Thursday on profit-taking from previous gains and traders said such selling might continue."Worries over Indonesia are decreasing so some people started to take profits," said one trader.
Fri, 29 May 1998
Golkar leaders talk down risk of disintegration
Golkar leaders talk down risk of disintegration JAKARTA (JP): Golkar leaders were stoical yesterday about the possible unraveling of the dominant political grouping following the breakaway of one of its strongest allies, MKGR. They said they still had enough cadres to ensure the party's survival.
Fri, 29 May 1998
Dow cancels RI project
Dow cancels RI project SINGAPORE (Reuters): Dow Chemical said yesterday it has put plans to build an olefins complex in West Java, Indonesia on hold."The project is put on hold due to economic conditions in Indonesia," Brian Trotter, Dow Chemical's Indonesia country general manager said.
Fri, 29 May 1998
Critics urge IMF to disburse loans
Critics urge IMF to disburse loans JAKARTA (JP): Prominent government critics met yesterday with visiting International Monetary Fund (IMF) Asia-Pacific Director Hubert Neiss, calling on the body to continue its loan disbursements unconditionally to alleviate the suffering of millions of people...
Fri, 29 May 1998
Pismatek cancels car deal
Pismatek cancels car deal JAKARTA (JP): PT Pismatek Group from Pekalongan in Central Java said yesterday it had canceled its plan to produce automotive components for the Timor car project.Pismatek Group president Djamal Ghozi said the company won a contract several months ago to supply pistons to...
Fri, 29 May 1998
Habibie's burdens
Habibie's burdens B.J. Habibie is only the third president in Indonesia's 50- year postcolonial history, but he assumes office with two heavy burdens that could make his tenure brief.Habibie's first problem is Indonesia's months-old economic crisis.
Fri, 29 May 1998
Property sector 'needs foreign investment'
Property sector 'needs foreign investment' JAKARTA (JP): The property market needs foreign investors with fresh capital to pay debts, release existing owners from unprofitable properties and restructure the sector, a property analyst said.
Fri, 29 May 1998
Minister Yunus Yosfiah claims he sides with the media
Minister Yunus Yosfiah claims he sides with the media JAKARTA (JP): Minister of Information Yunus Yosfiah in a brief meeting with about a dozen journalists grouped in the newly formed Indonesian Press Solidarity Society (SMPI), said he supported the establishment of alternative media organizations...
Fri, 29 May 1998
Prabowo installed chief of Staff and Command School
Prabowo installed chief of Staff and Command School JAKARTA (JP): Lt. Gen. Prabowo Subianto, one of Indonesia's prominent generals, was installed yesterday as chief of the Armed Forces Staff and Command School -- his first noncombatant post after a long series of high-profile active duties.
Fri, 29 May 1998
Hotel Mulia told to pay Rp 20b fine for violations
Hotel Mulia told to pay Rp 20b fine for violations JAKARTA (JP): City councilors urged the city administration yesterday to order management of Hotel Mulia to pay forthwith the Rp 20.5 billion penalty owed for violations of spatial permits.
Fri, 29 May 1998
Moertopo: Problem solver and straight talker
Moertopo: Problem solver and straight talker Our Asia correspondent Harvey Stockwin remembers Gen. Ali Moertopo against the background of Indonesia's current crisis. This is the first of two articles. HONG KONG (JP): At the time of trauma and travail for Indonesia, one Indonesian who comes readily...
Fri, 29 May 1998
W. Sumatra may suspend governor
W. Sumatra may suspend governor PADANG, West Sumatra: The provincial prosecutors office has filed a request, through the Attorney General, to the Minister of Home Affairs to suspend West Sumatra Governor Muchlis Ibrahim and Padang Mayor Zuiyen Rais, for their alleged involvement in a bribery...
Fri, 29 May 1998
Insurance firms urged to honor claims
Insurance firms urged to honor claims JAKARTA (JP): The Ministry of Finance's director of insurance, Suyoto, has called on insurance companies to pay claims made by retailers whose properties were badly damaged during recent unrests.
Fri, 29 May 1998
Pawnshop sees brisk business
Pawnshop sees brisk business LARANTUKA, East Nusa Tenggara: As a result of the economic crisis sweeping across the country, the state-owned pawnshop PT Pegadaian here has seen extremely brisk business with people lining up in search of credit.The Rp 2.
Fri, 29 May 1998
Regional grains market still waiting for RI L/Cs
Regional grains market still waiting for RI L/Cs SINGAPORE (Reuters): Southeast Asia's grains market stayed in the doldrums yesterday and there were no signs of regional demand picking up in the near term, traders said.
Fri, 29 May 1998
BCA put under IBRA control after massive run
BCA put under IBRA control after massive run JAKARTA (JP): The country's largest bank, Bank Central Asia (BCA), has finally surrendered to the power of its depositors, who have been frantically withdrawing money, and been placed under the tutelage of the Indonesian Bank Restructuring Agency (IBRA).
Fri, 29 May 1998
Bank Bali Visa
Bank Bali Visa I am writing in response to Ms. Kristina Djaja's letter of May 27. On behalf of the management of Hotel President, I would like to convey that the said case happened in June last year.We have already met Ms. Kristina Djaja and settled the problem completely.
Fri, 29 May 1998
Soeharto-linked shares remain under pressure
Soeharto-linked shares remain under pressure JAKARTA (JP): Shares of companies owned by former president Soeharto's family and his cronies remained under selling pressure yesterday.Stockbrokers said most shares linked to Soeharto's family and cronies dropped in the morning but managed to recover in...
Fri, 29 May 1998
Rice stocks will last three months: Bulog
Rice stocks will last three months: Bulog JAKARTA (JP): The State Logistics Agency (Bulog) has said that its rice stocks currently stood at 2.1 million metric tons, or only enough to meet domestic demand for about three months.
Fri, 29 May 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 28, 1998: Buying Selling Rp Rp U.S dollar 1 10,600.00 11,800.00Austrian shilling 1 n/a n/aAustralian dollar 1 6,489.00 6,948.60Belgian franc 1 285.20 303.60Canadian dollar 1 7,206.60 7,655.
Thu, 28 May 1998
Voice of reason
Voice of reason I have lived and worked in Indonesia for more than 10 years. This is my home, a place and time to raise a family. Although an expat, I haven't considered pursuing a life elsewhere because my wife is from Medan and, besides, I achieve a measure of personal fulfillment in work and...
Thu, 28 May 1998
Thailand asks IMF for room to maneuver
Thailand asks IMF for room to maneuver LONDON: The Thai government has asked the International Monetary Fund (IMF) to relax its tough prescription after admitting that the aftermath of the Asian crisis will squeeze the country's economy more than initial estimates suggested.
Thu, 28 May 1998
Cleaners get Rp 1,100 raise
Cleaners get Rp 1,100 raise RANGKASBITUNG, West Java: Lebak regency officials agreed yesterday to increase the salary of sanitation workers here from Rp 2,000 to Rp 3,100 per day.According to Antara, Lebak regent Didin Muchdjidin said the decision was part of his office's continued desire to...
Thu, 28 May 1998
Thais see more fishing opportunities in RI
Thais see more fishing opportunities in RI BANGKOK (Reuters): Industry reforms taking place in post- Soeharto Indonesia should help Thai fishermen get more opportunities to fish in that country's waters, a senior industry source said yesterday.
Thu, 28 May 1998
Watch out for Asian fallout in the West
Watch out for Asian fallout in the WestBy John Gray LONDON: Asia's economic crisis has not ended. It has moved into another and deeper phase that is bound to have serious repercussions for western economies.
Thu, 28 May 1998
Soeharto-linked timber firms told to abide by forestry laws
Soeharto-linked timber firms told to abide by forestry laws JAKARTA (JP): Newly appointed Minister of Forestry and Plantations Muslimin Nasution has warned timber companies with links to former president Soeharto to abide by the existing forestry regulations or face losing their logging contracts.
Thu, 28 May 1998
MPR should convene to pick new president
MPR should convene to pick new president The nation is contemplating holding fresh elections -- which takes time -- or an extraordinary session of the People's Consultative Assembly (MPR) to choose a new president and vice president.
Thu, 28 May 1998
Asia take 4 years to recover
Asia take 4 years to recover SINGAPORE (AP): Asia may take as long as four to five years to recover from its financial and economic crisis, a Singapore leader said in comments distributed to the news media yesterday."Overall, it may take four to five years for the region to recover...
Thu, 28 May 1998
Yogyakarta and Padang soccer clubs to disband
Yogyakarta and Padang soccer clubs to disband YOGYAKARTA (JP): A local soccer club, PSIM, is set to disband following a recent decision by the All Indonesian Soccer Federation to cancel this year's league.
Thu, 28 May 1998
Fate of local rally hangs in the balance
Fate of local rally hangs in the balance JAKARTA (JP): The 11th leg of the World Rally Championship series scheduled for Sept. 18 to Sept. 20 in Medan, North Sumatra, may be canceled due to political and economic uncertainty.
Thu, 28 May 1998
Establishing a national leadership
Establishing a national leadershipBy Sayidiman Suryohadiprojo JAKARTA (JP): Many people do not accept the legitimacy of President B.J. Habibie and want the People's Consultative Assembly (MPR), as the highest legislative body in the Indonesian political system, to convene a special session to...
Thu, 28 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 27, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 775 25 1,000 Alumindo Light Metal 300 0 105,000 Alumindo...
Thu, 28 May 1998
Coca-Cola Amatil limits Indonesian investments
Coca-Cola Amatil limits Indonesian investments SYDNEY (Reuters): Soft drink bottler Coca-Cola Amatil Ltd said yesterday it plans in the short term to limit new investment in its Indonesian operation to cash generated by the operation itself.
Thu, 28 May 1998
The end of Golkar's domination?
The end of Golkar's domination? So far it has never been clear whether Golkar is a ruling party or a party for the rulers. The new law on political parties that is to come into being must make it very clear what it means for a political party to win a general election.