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Found 17,759 articles

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.

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...

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.

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...

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...

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...

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.

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.

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.

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.

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.

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...

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.

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...

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.

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.

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.

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.

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...

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.

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.

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.

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).

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

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...

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.

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...

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...

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.

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

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.

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...

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.

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...

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.

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,...