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Sun, 24 May 1998
TV reporter Ira Koesno escapes political fire
TV reporter Ira Koesno escapes political fire JAKARTA (JP): Several days before former president Soeharto stepped down, he still tried to hold onto power by announcing he would reshuffle the cabinet -- an effort which proved futile.
Sat, 23 May 1998
Habibie
Habibie Correction: The credit for the profile article of President B.J. Habibie on Page 5 yesterday should be given to The Jakarta Post (JP) and not AFP as printed. -- Editor
Sat, 23 May 1998
Govt to reevaluate PDAM Jaya's accord with private firms
Govt to reevaluate PDAM Jaya's accord with private firms JAKARTA (JP): The city administration will reevaluate its cooperative agreement with private companies in the management of city-owned water company PDAM Jaya and possibly cut tap water tariffs, Governor Sutiyoso said yesterday.
Sat, 23 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, 23 May 1998
Indonesia has no alternative but to rely on IMF
Indonesia has no alternative but to rely on IMFBy Linda Sieg TOKYO (Reuters): The International Monetary Fund has come under fire for making a bad situation worse in Indonesia but analysts say Jakarta has little alternative to reliance on the fund, no matter who rules the troubled nation.
Sat, 23 May 1998
Taiwan set aside provisions for RI loans
Taiwan set aside provisions for RI loans TAIPEI (Dow Jones): Concerned about their exposure to Indonesia, offshore banking units (OBUs) of Taiwanese financial institutions are setting aside provisions to cover these loans, executives at the banks said yesterday.
Sat, 23 May 1998
Students continue with demonstrations for reform
Students continue with demonstrations for reform JAKARTA (JP): Students in many cities continued rallying for reform yesterday, with most demanding a fresh presidential election through a special session of the People's Consultative Assembly (MPR) and the trial of former president Soeharto for...
Sat, 23 May 1998
Line up of the new cabinet
Line up of the new cabinet JAKARTA (JP): This is the list of 36 names of the Reform- Development Cabinet announced by President B.J. Habibie at the Merdeka Palace yesterday. (Names spelt as in Habibie's speech)Coordinating ministers 1. Political and Security: Feisal Tanjung2.
Sat, 23 May 1998
Prabowo replaced as Kostrad chief
Prabowo replaced as Kostrad chief JAKARTA (JP): Chief of the Army's Strategic Reserves Command (Kostrad) Lt. Gen. Prabowo Subianto was replaced yesterday by Lt. Gen. Johny Lumintang in a ceremony presided over by Army Chief of Staff Gen. Subagyo Hadisiswoyo.Army spokesman Brig. Gen.
Sat, 23 May 1998
Cabinet has plenty of academic power
Cabinet has plenty of academic power JAKARTA (JP): Question: How many professors does the new cabinet have? Answer: 11, if one includes President B.J. Habibie.The cabinet has plenty of academic power to tackle the daunting tasks ahead but only time will tell whether they can handle them.
Sat, 23 May 1998
Trial sessions postponed
Trial sessions postponed JAKARTA (JP): All trial sessions scheduled for Wednesday in Central Jakarta District Court were postponed because suspects could not be released from Cipinang penitentiary for security reasons.
Sat, 23 May 1998
SE Asian foreign exchange markets barely move
SE Asian foreign exchange markets barely move SINGAPORE (Dow Jones): Southeast Asian foreign exchange markets were barely active yesterday, the majority finishing Asian hours almost utterly flat on the day.
Sat, 23 May 1998
Amien 'neutral' over new cabinet
Amien 'neutral' over new cabinet JAKARTA (JP): Moslem leader Amien Rais said yesterday he neither supported nor opposed the new cabinet appointed by President B.J. Habibie."The cabinet has a lot of technocrats in it but some of the names still reflect old ways," said Amien, who had been among the...
Sat, 23 May 1998
Arifin sells Dragon stake
Arifin sells Dragon stake LONDON (Reuters): Oil exploration and production company Dragon Oil Plc. said yesterday its chairman Arifin Panigoro wanted to sell his 46 percent stake in the firm, to channel his resources into business opportunities in Indonesia.
Sat, 23 May 1998
Hotel occupancy rates drop sharply again
Hotel occupancy rates drop sharply again JAKARTA (JP): City hotel occupancy rates dropped sharply yesterday as apprehension over unrest and riots subsided following president Soeharto's resignation Thursday.
Sat, 23 May 1998
Chinese descendants
Chinese descendants Many people took a break during the recent tense atmosphere to watch the Thomas Cup and Uber Cup on TV.Indonesians, no matter what background or ethnic group all cheered for the red and white flag.
Sat, 23 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 22, 1998: Buying Selling Rp Rp U.S. dollar 1 9,500.00 12,500.00Austrian shilling 1 849.60 900.10Australian dollar 1 6,332.70 7,354.40Belgian franc 1 277.20 320.50Canadian dollar 1 6,941.
Sat, 23 May 1998
Govt to speed up processing of permits for ravaged buildings
Govt to speed up processing of permits for ravaged buildings JAKARTA (JP): The city administration will speed up the processing of permits for renovations on buildings destroyed during last week's rioting, an official has said.
Sat, 23 May 1998
Traffic creeps back to normal after last week's rioting
Traffic creeps back to normal after last week's rioting JAKARTA (JP): Gambir Railway Station in Central Jakarta reopened yesterday and road traffic started to creep back to normal after last week's massive rioting crippled the city of 10 million people.
Sat, 23 May 1998
RI debt talks still in June
RI debt talks still in June FRANKFURT (Dow Jones): The next round of debt restructuring talks between Indonesia and its international creditors is still planned for the week of June 1, a Deutsche Bank AG spokesman said yesterday.
Sat, 23 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 22, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 650 50 25,000 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 250 0 0 Alumindo Perkasa...
Sat, 23 May 1998
Most Asian stock markets lose ground, except Jakarta
Most Asian stock markets lose ground, except Jakarta HONG KONG (AP): Most Asian stock markets slumped yesterday, but the key index in Jakarta soared nearly 5 percent after Indonesia's new president unveiled a reform cabinet following the resignation of Soeharto.
Sat, 23 May 1998
Rahardi's appointment concerns businessmen
Rahardi's appointment concerns businessmen JAKARTA (JP): Business associations have expressed their doubts over the ability of Rahardi Ramelan as the new minister of industry and trade.Chairmen of the associations told The Jakarta Post yesterday they were concerned that Rahardi, a former research...
Sat, 23 May 1998
Aussie exports to RI collapse
Aussie exports to RI collapse SYDNEY (Reuters): Australian exports to Indonesia were nearly cut in half in the March quarter, with live cattle sales feeling the brunt of the downturn.Bureau of Statistics data issued this week showed that exports to Indonesia plummeted to A$474 million from A$858...
Sat, 23 May 1998
New faces in the cabinet vow to ring the changes
New faces in the cabinet vow to ring the changes JAKARTA (JP): Newly appointed cabinet members charged with rescuing the nation from economic turmoil vowed yesterday to usher in a new era.State Minister of Investment/Chairman of the Investment Coordinating Board Hamzah Haz, one of the new faces,...
Sat, 23 May 1998
Evacuees make plans to return to Jakarta
Evacuees make plans to return to Jakarta SINGAPORE (Reuters): Sunday flights from Singapore to Jakarta have been fully booked as Indonesians and expatriates make plans to return to Indonesia, travel agents said yesterday.
Sat, 23 May 1998
The people's voice
The people's voice In his televised address last night (Thursday), President B.J. Habibie declared his commitment to remain faithful to the people's aspirations and open to criticism. This is one commitment which the President will have to immediately fulfill.
Sat, 23 May 1998
The Habibie team
The Habibie team President B. J. Habibie, fully aware of the odds being stacked against his integrity and credibility, tried his best to impress the nation with a core team of what he expects to eventually develop into good governance.
Sat, 23 May 1998
Share prices up, rupiah muted over new cabinet line-up
Share prices up, rupiah muted over new cabinet line-up JAKARTA (JP): Local stock prices rebounded yesterday while the rupiah remained weak in response to Soeharto's resignation and the announcement of a new cabinet line-up by President B.J. Habibie, stockbrokers and currency dealers said.
Sat, 23 May 1998
UPM welcomes cabinet change
UPM welcomes cabinet change HELSINKI (Reuters): Finnish forest industry group UPM-Kymmene yesterday welcomed the change of power in Indonesia, but said that Soeharto's decision to resign would have little impact on the company's business in Indonesia.
Sat, 23 May 1998
Do students' demands have popular support?
Do students' demands have popular support?From MerdekaI refer to the views of H. Tjetje Hidayat Padmadinata (former House of Representatives Commission X member) and Dr. H. Rusadi (lecturer at Pajajaran University's School of Social and Political Sciences) in Pikiran Rakyat on April 24, 1998, page...
Sat, 23 May 1998
Soeharto's support crumbled as economy weakened
Soeharto's support crumbled as economy weakened The students' moral movement finally toppled Soeharto from his presidency. Mochtar Mas'oed, a political science lecturer from Gadjah Mada University in Yogyakarta discusses matters which accelerated their demands toward a successful conclusion.
Sat, 23 May 1998
Reform and Development Cabinet boasts several fresh faces
Reform and Development Cabinet boasts several fresh faces JAKARTA (JP): About two-thirds of the 36-member Reform and Development Cabinet is comprised of members of the previous Cabinet. Here are profiles of the 16 new faces brought in by President B.J.
Sat, 23 May 1998
Habibie unveils 'reform' cabinet
Habibie unveils 'reform' cabinet JAKARTA (JP): President B.J. Habibie announced the line up of his cabinet yesterday, reappointing 20 ministers from the previous cabinet, and recruiting 16 new people.In an apparent move to woo support from a wider section of the public, Habibie included three...
Sat, 23 May 1998
Vegetable oil traders hail Hasan's departure
Vegetable oil traders hail Hasan's departure LONDON (Reuters): European vegetable oil traders welcomed the departure of Trade and Industry Minister Mohamad "Bob" Hasan from the Indonesian government yesterday.Hasan was replaced by Rahardi Ramelan in Indonesian President B.J.
Sat, 23 May 1998
Japan's OECF mission to RI may be delayed
Japan's OECF mission to RI may be delayed TOKYO (Reuters): Japan's Overseas Economic Cooperation Fund (OECF) may delay its regular mission to Indonesia to decide on new yen loans amid upheaval in the country, Kyosuke Shinozawa, the OECF's newly appointed president, said yesterday.
Sat, 23 May 1998
City to reopen damaged traditional markets soon
City to reopen damaged traditional markets soon JAKARTA (JP): The city administration will soon reopen traditional markets damaged during last week's mass rioting in a bid to help revive the city's crippled economic life, Governor Sutiyoso has said.
Sat, 23 May 1998
RI turmoil has little impact on Japanese oil traders
RI turmoil has little impact on Japanese oil traders TOKYO (Reuters): Japan's energy market should see little impact from the social and economic turmoil in oil producer Indonesia, Japanese crude traders said yesterday.
Sat, 23 May 1998
Indonesia and Malaysia set up Thomas Cup final
Indonesia and Malaysia set up Thomas Cup final HONG KONG (Reuters): Former Danish coach Morten Frost led his adopted Malaysia into the Thomas Cup final against holder Indonesia after a thrilling 3-2 victory over his old team yesterday.
Sat, 23 May 1998
Armed troops flush students out of House building
Armed troops flush students out of House building JAKARTA (JP): The five-day occupation of the House of Representatives (DPR) by some 3,000 anti-government students ended abruptly this morning after hundreds of armed troops entered the compound.
Sat, 23 May 1998
Sempati staff seek redress
Sempati staff seek redress JAKARTA (JP): At least 250 laid-off employees of financially troubled Sempati Air pressed their demand yesterday for severance pay commensurate with manpower regulations if the private firm ultimately decides to dismiss them.
Sat, 23 May 1998
Nation urged to hold on to spirit of reform
Nation urged to hold on to spirit of reform JAKARTA (JP): Respected Moslem scholar Nurcholish Madjid urged the nation yesterday to hold on to its recently promulgated spirit for reform and strive for "a just, open, and democratic civil society".
Sat, 23 May 1998
Inefficiency in Pertamina?
Inefficiency in Pertamina?From Media IndonesiaSome are under the impression that inefficiency exists in state-owned oil company Pertamina. This was noted during a hearing of the minister of mines and energy with Commission V of the House of Representatives recently.
Sat, 23 May 1998
Pokphand writes off RI assets
Pokphand writes off RI assets HONG KONG (Reuters): C.P. Pokphand Co. Ltd. said it had decided to completely write down its assets in Indonesia to zero due to political uncertainty in the country, resulting in a provision of US$20.7 million in its 1997 results.
Sat, 23 May 1998
Environmental concern still lacking
Environmental concern still lackingBy Juwono Sudarsono JAKARTA (JP): Even before the monetary and economic crises engulfed East Asia almost a year ago, Indonesia's problems in the political, economic and social spheres were formidable.
Sat, 23 May 1998
OUB resumes RI operations
OUB resumes RI operations SINGAPORE (Dow Jones): United Overseas Bank Ltd. (UOB), one of Singapore's big four banks, said yesterday it has reopened its branches in Bandung, Surabaya and Batam.However, the Jakarta branch remains closed.
Sat, 23 May 1998
Indonesia may turn to India for rice
Indonesia may turn to India for rice NEW DELHI (Reuters): Thailand's decision to suspend rice shipments to Indonesia and a Vietnamese ban on fresh exports could force Indonesia to turn to India for supplies, Indian grain traders said yesterday.
Sat, 23 May 1998
Mayors urged to account for relinquished loot
Mayors urged to account for relinquished loot JAKARTA (JP): City councilors demanded Jakarta's five mayors yesterday to account for every item of loot people have relinquished through government offices.
Sat, 23 May 1998
Habibie's team gets cautious welcome
Habibie's team gets cautious welcome JAKARTA (JP): The local business community gave a cautious welcome to the appointment of the country's economic team in President B.J. Habibie's new cabinet, though international financial institutions received the news more warmly.
Sat, 23 May 1998
Media frustated with student security at the House
Media frustated with student security at the House JAKARTA (JP): Euphoric over their growing clout since president Soeharto's resignation, protesting students occupying the House of Representatives complex have started lording it over the media, according to local and foreign journalists.