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Wed, 27 May 1998
Bekasi lost Rp 25b in riots
Bekasi lost Rp 25b in riots BEKASI (JP): The May 14 massive rioting in the mayoralty caused a loss of about Rp 25 billion ($2.5 million), administration spokesman Cecep Sutandi says.The estimate does not include the value of goods looted from numerous shops and homes.
Wed, 27 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 26, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 300 50 353,500 Alumindo Perkasa...
Wed, 27 May 1998
GDS denies PDAM's accusations on water accord
GDS denies PDAM's accusations on water accord JAKARTA (JP): French firm Lyonnaise des Eaux, one of city- owned water company PDAM Jaya's two partners in a water supply management accord, denied yesterday PDAM allegations that it fled the country and neglected its obligations.
Wed, 27 May 1998
Pertamina pledges to root out corrupt, collusive practices
Pertamina pledges to root out corrupt, collusive practices JAKARTA (JP): State oil and gas company Pertamina pledged yesterday to rid its business operations of cronyism, collusion and nepotism.Pertamina president Soegianto said yesterday the company was currently collecting information about all...
Wed, 27 May 1998
Hysteria: A fruit of repression
Hysteria: A fruit of repressionBy Rahayu Ratnaningsih JAKARTA (JP): Several recent incidents in this country have made me ponder; what's happening to our people and society? What's got into the population that makes them so vulnerable to the syndrome of collective hysteria which serves no purpose...
Wed, 27 May 1998
Bogor defies tax abolition rule
Bogor defies tax abolition rule BOGOR (JP): Regency government officials have continued collecting fees and taxes which were officially abolished on May 23 as ordered by Law No. 18 of 1997.Government officials are still charging drivers of public transport vans and trucks fees on the streets of...
Wed, 27 May 1998
Japan import of RI crude fall
Japan import of RI crude fall TOKYO (Reuters): Japan's crude oil imports from Indonesia have been falling as the nation's electric power firms burn less crude oil and depend more on coal and nuclear power, industry sources said yesterday.
Wed, 27 May 1998
Jakartans offer cool welcome to Thomas Cup team
Jakartans offer cool welcome to Thomas Cup team JAKARTA (JP): Jakartans were apparently still recovering from the nightmare of recent riots yesterday, with few turning out to cheer a parade honoring their men's badminton squad after a successful defense of the Thomas Cup.
Wed, 27 May 1998
Myanmar opposition meeting to go ahead
Myanmar opposition meeting to go ahead BANGKOK (Reuters): Myanmar's military government said in a surprise statement yesterday that it would allow the opposition National League for Democracy to hold a gathering from May 27-28 to mark its unrecognized 1990 election victory.
Wed, 27 May 1998
Latexx defers Medan project
Latexx defers Medan project KUALA LUMPUR (Reuters): Malaysia's Latexx Partners Bhd said it was indefinitely shelving a plan to build a glove factory in Medan, North Sumatra, due to uncertainties in the neighboring country.
Wed, 27 May 1998
Govt needs another Rp 3t to import rice
Govt needs another Rp 3t to import rice JAKARTA (JP): Newly appointed State Minister of Food and Horticulture A.M. Saefuddin has said the government needs another Rp 3 trillion (US$300 million) to import more rice this year due to a sharp decline in Bulog's stocks.
Wed, 27 May 1998
GM staff returning to RI
GM staff returning to RI SINGAPORE (Reuters): General Motors expatriate staff have begun returning to Indonesia, the company said in a statement.Eleven employees were in the first wave which returned from Singapore on Monday, it said, and the remainder should be back in country by the end of the...
Wed, 27 May 1998
Government won't meddle in political parties' affairs
Government won't meddle in political parties' affairs JAKARTA (JP): New Minister of Home Affairs Lt. Gen. Syarwan Hamid has promised that the government will not meddle in the affairs of political parties or mass organizations.
Wed, 27 May 1998
Rupiah gains ground against U.S. dollar
Rupiah gains ground against U.S. dollar JAKARTA (JP): The rupiah gained more ground against the U.S. dollar yesterday after President B.J. Habibie promised to speed up economic and political reforms.Spot rupiah closed at 10,500 to the American dollar, a bit stronger than its close at 10,800 the...
Wed, 27 May 1998
ABN sees better RI ventures
ABN sees better RI ventures BRUSSELS (Reuters): Dutch bank ABN AMRO said on Monday it did not expect to have to make large additional provisions for its exposure in Indonesia despite the recent change of government in the Asian country.
Wed, 27 May 1998
Asian executives want Soeharto prosecuted
Asian executives want Soeharto prosecuted SINGAPORE (AP): Most Asian executives responding to their poll said former Indonesian President Soeharto and his family should be prosecuted for corruption, two regional media organizations said yesterday.
Wed, 27 May 1998
Experts question whether Pertamina can go it alone
Experts question whether Pertamina can go it alone SINGAPORE (Reuters): The oil industry applauded Indonesia's move towards greater transparency in its oil sector, but questioned whether state-owned Pertamina had the expertise to go it alone in international oil markets.
Wed, 27 May 1998
Timor vows to stick with its manufacturing project
Timor vows to stick with its manufacturing project JAKARTA (JP): PT Timor Putra Nasional, a controversial car company controlled by the youngest son of former president Soeharto, will continue its plan to build an automotive industry despite the change in government.
Wed, 27 May 1998
31 suspected looters handed over from Lampung
31 suspected looters handed over from Lampung JAKARTA (JP): Lampung Police have turned over 31 people to the Jakarta Police suspected of looting shops in the capital during the recent riots.The suspects were detained with their loot upon arriving at Bakauheni Port, Lampung, from Jakarta on May 19...
Wed, 27 May 1998
Run continues on Bank Central Asia
Run continues on Bank Central Asia JAKARTA (JP): Thousands of worried customers continued to withdraw their money from Indonesia's largest private bank, Bank Central Asia (BCA), here and in other cities across the country as rumors spread that the bank was unable to pay depositors.
Wed, 27 May 1998
Retailers seek insurance payments for riot damage
Retailers seek insurance payments for riot damage JAKARTA (JP): Members of the Indonesian Retail Merchants Association (Aprindo) whose premises were badly damaged during the recent social unrest are demanding insurance firms meet their claims for compensation.
Wed, 27 May 1998
Argo Muria train resumes operations
Argo Muria train resumes operations SEMARANG, Central Java: The Argo Muria executive train serving the Jakarta-Semarang route resumed operations Monday after suspending its trips last week due to widespread rioting in Jakarta.
Wed, 27 May 1998
Minister promises to probe Goro deal
Minister promises to probe Goro deal JAKARTA (JP): Minister of Cooperatives and Small Enterprises Adi Sasono said yesterday his office would investigate the recent sale of PT Humpuss' stake in wholesaler firm Goro to the Confederation of Primary Cooperative Associations (Inkud).
Wed, 27 May 1998
Taiwan, RI to discuss rice shipment
Taiwan, RI to discuss rice shipment TAIPEI (Dow Jones): Taiwan will begin negotiating next week with Jakarta authorities about the terms of payment for a 200,000-ton shipment of rice to Indonesia, an official at the Indonesian trade office in Taipei said yesterday.
Wed, 27 May 1998
Bank Rama set to merge with three other banks
Bank Rama set to merge with three other banks JAKARTA (JP): Publicly listed Bank Rama is set to merge with three other private banks later this year in a bid to meet the central bank's new capital requirement.
Wed, 27 May 1998
RI gold outflows may stop
RI gold outflows may stop SINGAPORE (Reuters): Panic gold selling from Indonesia may stop for a few weeks but gold outflows are not likely to halt indefinitely as the nation is still awash in uncertainties, bullion traders here said yesterday."The market has been very quiet since last week.
Wed, 27 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: White Lies 3:05 Family's Film: Road to Avonlea 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Science and Technology Program 5:30 Education Quiz: Cepat Tepat 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI...
Wed, 27 May 1998
Bintang and Pakpahan join push for reform
Bintang and Pakpahan join push for reform JAKARTA (JP): Former legislator Sri Bintang Pamungkas and labor leader Muchtar Pakpahan immediately joined the frontline push for reform just hours after their release from Cipinang Prison yesterday.
Wed, 27 May 1998
Market firm suffers Rp 56 billion loss
Market firm suffers Rp 56 billion loss JAKARTA (JP): City-owned market management company PD Pasar Jaya suffered a Rp 56 billion (US$5.6 million) loss in rioting two weeks ago in which 13 of its 152 markets were damaged or destroyed, an official said yesterday.
Wed, 27 May 1998
Syarwan resigns as House deputy speaker
Syarwan resigns as House deputy speaker JAKARTA (JP): House of Representatives Speaker Harmoko revealed yesterday that Deputy Speaker Syarwan Hamid had tendered his resignation from his legislative post following his appointment as Minister of Home Affairs.
Wed, 27 May 1998
Habibie visits riot-hit areas, promises help
Habibie visits riot-hit areas, promises help JAKARTA (JP): President B.J. Habibie toured several Jakarta shopping centers which were damaged during rioting and looting earlier this month, and expressed his sadness over the unrest that has caused so much suffering.
Wed, 27 May 1998
French firm believes water deal intact
French firm believes water deal intact PARIS (Reuters): French Suez Lyonnaise des Eaux does not believe a drinking water supply contract in west Jakarta is in danger following the riots and subsequent political shakeout in Indonesia, the company said in a statement.
Wed, 27 May 1998
Govt, IMF meet to salvage economic pact
Govt, IMF meet to salvage economic pact JAKARTA (JP): The government and International Monetary Fund officials will start their meeting here today to get a massive economic rescue plan back on track.IMF Asia-Pacific director Hubert Neiss, who arrived here yesterday, said he would meet President B.J.
Wed, 27 May 1998
Chinese expect less trade with Indonesia
Chinese expect less trade with Indonesia SANTIAGO (Reuters): Chinese businessmen are bracing for less trade with crisis-hit Indonesia, but are expecting to make up for the loss by increasing exports to Europe and Latin America, a business leader said Monday.
Wed, 27 May 1998
Govt urged to reopen Tanjung Priok riot case
Govt urged to reopen Tanjung Priok riot case JAKARTA (JP): Relatives of 412 people who reportedly disappeared after a bloody riot in Tanjung Priok nearly 14 years ago called on the government of President B.J.
Wed, 27 May 1998
Bulog role in cooking oil distribution comes to an end
Bulog role in cooking oil distribution comes to an end JAKARTA (JP): The government removed yesterday the distribution role of the State Logistics Agency (Bulog) for domestic cooking oil.Minister of Trade and Industry Rahardi Ramelan said that with the new scheme, effective today, the state joint...
Wed, 27 May 1998
Tax facilities to Soeharto-linked firms to be reviewed: Hamzah
Tax facilities to Soeharto-linked firms to be reviewed: Hamzah JAKARTA (JP): Newly appointed State Minister for Investment Hamzah Haz said yesterday the government would review special tax facilities given to companies owned by the family and friends of former president Soeharto.
Wed, 27 May 1998
Walhi rejects appointment of new minister
Walhi rejects appointment of new minister JAKARTA (JP): About 30 activists from the Indonesian Forum for Environment (Walhi) staged a loud protest here yesterday rejecting the appointment of Panangian Siregar as the new environment minister.
Wed, 27 May 1998
Emil asks Habibie to set poll date
Emil asks Habibie to set poll date JAKARTA (JP): Opposition leader Emil Salim challenged President B.J. Habibie yesterday to commit himself to a definite date for a new poll.Habibie should spell out what he meant by "as soon as possible", the respected economist told reporters after meeting with...
Wed, 27 May 1998
Bank Indonesia foreign reserves up
Bank Indonesia foreign reserves up JAKARTA (JP): Bank Indonesia (BI) announced yesterday that its net international reserves (NIR) as of May 22 totaled US$14.69 billion, an increase of $58.5 million against the previous week's level of $14.63 billion.
Wed, 27 May 1998
Society must be watchdog over sweeping changes
Society must be watchdog over sweeping changesBy Mochtar Buchori JAKARTA (JP): There are two dangerous tendencies in our thinking about the current reform movement. One is the idea that reform should be carried out primarily by the government, and two that reform really can be accomplished through...
Wed, 27 May 1998
Election time frame must be set
Election time frame must be set The current reform cabinet is making its first moves designed to prove its credibility, consistency and courage. President B.J. Habibie, presiding over his first cabinet meeting yesterday (Monday), outlined the underlying concepts that will serve as the basis for...
Wed, 27 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on May 26, 1998: Buying Selling Rp Rp U.S. dollar 1 9,750.00 11,250.00Austrian shilling 1 n/a n/aAustralian dollar 1 6,231.00 6,677.60Belgian franc 1 274.90 293.30Canadian dollar 1 6,902.50 7,349.
Wed, 27 May 1998
Change of president
Change of presidentCorrection: The letter titled Change of president, which was published yesterday, was a translated version from Merdeka daily. We apologize for the missing credit. -- Editor
Wed, 27 May 1998
Earthquake rocks Lombok capital
Earthquake rocks Lombok capital MATARAM, West Nusa Tenggara: An earthquake measuring 4.0 on the Richter scale jolted Mataram in the early hours of yesterday morning.The quake, which occured at 3:22 a.m., woke residents and sent them scurrying out of their houses.
Wed, 27 May 1998
Uncertainty may persist until fresh polls
Uncertainty may persist until fresh polls The recent resignation of former president Soeharto has provided the country with a respite from months of social unrest. Economist Mari Pangestu from the Centre for Strategic and International Studies discusses the potential for a recovery in business...
Wed, 27 May 1998
Bank Bali Visa card
Bank Bali Visa card I am a Bank Bali Visa Card holder and I have had an unpleasant experience using it.One day I had lunch at President Hotel's Kahyangan Restaurant. I paid with my visa card and signed a safe slip for Rp 149,314. But when I got my bill from Bank Bali it was for Rp 203,764.
Wed, 27 May 1998
Habibie's economic agenda
Habibie's economic agenda The economic agenda tabled by President B.J. Habibie at the inaugural meeting of his cabinet on Monday should impress the International Monetary Fund (IMF) team which arrived here yesterday to review progress on the program of reforms agreed between Indonesia and the IMF...
Wed, 27 May 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Art exhibition: Recent Works 1996-1998, by Susanna Samanek, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578), Tuesday to Sunday, 10 a.m. to 8 p.m., until May 31. * Silver Accesories by Runa Jewelry at Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No.
Wed, 27 May 1998
Stop deviating from Pancasila
Stop deviating from Pancasila After the fall of the supreme leader of the New Order, making it an old order now, reforms in all areas pose a heavy challenge to us in the coming days. Reforms which must be carried out in the shortest time possible are those in the mental, moral and spiritual areas,...