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Sat, 16 May 1998
Natuna gas project to go ahead
Natuna gas project to go ahead TOKYO (Reuters): Key members of a Japanese consortium due to develop Indonesia's Natuna natural gas field said yesterday they were not reviewing their participation in the project despite the escalating social unrest in Indonesia.
Sat, 16 May 1998
Palm oil prices rise in Europe
Palm oil prices rise in Europe LONDON (Reuters): Political and economic concerns in Indonesia drove opening crude palm oil prices up by as much as US$15 a ton at the opening of the European vegetable oil market yesterday.
Sat, 16 May 1998
DPR's incompetence
DPR's incompetenceFrom Pikiran RakyatMany circles have given their comments on the price increases of fuel and made their analyses on the impact of the price hike. All versions concluded that the fuel price increases would only add to the suffering of the little people.
Sat, 16 May 1998
U.S. begins evacuating American citizens
U.S. begins evacuating American citizens JAKARTA (JP): The United States began evacuation procedures for nonessential embassy staff and its citizens here during the wee hours of this morning despite Indonesian government assurances.
Sat, 16 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 15, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 225 0 0 Alumindo Perkasa 350 0...
Sat, 16 May 1998
Coffee trade active on Indonesia fears
Coffee trade active on Indonesia fears HANOI (Reuters): Trade in Vietnamese coffee picked up amid high prices in the past two days as buyers, nervous about widespread rioting in Jakarta, sought to buy from alternative sources, dealers and exporters said yesterday.
Sat, 16 May 1998
Gus Dur cool on establishment of MAR
Gus Dur cool on establishment of MAR JAKARTA (JP): A new alliance of civilian leaders was established yesterday, grouping prominent government critics such as Abdurrahman Wahid, Amien Rais and Megawati Soekarnoputri.
Sat, 16 May 1998
Oil products bearish RI woes
Oil products bearish RI woes TOKYO (Reuters): The Tokyo oil products market was bearish yesterday on concern near-term demand from Indonesia could fall due to the social unrest there, traders said."Gas oil seems to be most affected purely because of the sheer volume Indonesia imports every month,"...
Sat, 16 May 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Red Shoes 3:05 Children's Program: Duniaku 3:30 Science Film: Ticket to Adventure 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI...
Sat, 16 May 1998
Asian markets calmer as Indonesian marts paralyzed
Asian markets calmer as Indonesian marts paralyzed SINGAPORE (Reuters): Asian markets stabilized yesterday despite a rising body count in Indonesia's troubled capital, paralysis on Jakarta's financial markets.
Sat, 16 May 1998
City may amend bill on entertainment
City may amend bill on entertainment JAKARTA (JP): The City Council is currently debating an amendment to a 1996 bylaw proposed by the city administration on the taxation of commercial shows and games.City councilor Lukman F.
Sat, 16 May 1998
Riots, looting worsen Indonesia's economy
Riots, looting worsen Indonesia's economy JAKARTA (JP): The widespread riots and lootings in the capital over the past few days may further worsen the country's already weak economy, a top economic government official has said.
Sat, 16 May 1998
Gold higher on overnight buying
Gold higher on overnight buying LONDON (Reuters): Gold gained near US$3 in early trade on Friday, on the back of good institutional buying while sentiment was affected by Indonesia's spiraling conflict, dealers said.Gold was last quoted at US$302.20/$302.
Sat, 16 May 1998
Indonesia unrest boosts tin prices
Indonesia unrest boosts tin prices PHUKET, Thailand (Reuters): Rioting and economic troubles in the world's top tin producer Indonesia could help drive up already bullish prices, analysts and industry sources said yesterday.
Sat, 16 May 1998
IPA cancels convention
IPA cancels convention JAKARTA (JP): The Indonesian Petroleum Association (IPA) said yesterday it had canceled its 26th annual convention scheduled for next Monday to Wednesday at the Jakarta Convention Center in Senayan, South Jakarta.
Sat, 16 May 1998
Asahan mulls more production cuts
Asahan mulls more production cuts SINGAPORE (Reuters): PT Indonesia Asahan Aluminum is considering further cuts in output as a result of falling water levels in the lake that generates power for the plant in north Sumatra, sources close to the company said.
Sat, 16 May 1998
Rubber prices firm on Indonesia woes
Rubber prices firm on Indonesia woes SINGAPORE (Reuters): Singapore rubber futures ended yesterday slightly firmer after a light day's trade dampened by continued fears over crisis-torn Indonesia."Indonesia has basically kept everybody out of the market," a dealer with a local brokerage said.
Sat, 16 May 1998
Jakarta hotel occupancy rates increase as riots continue
Jakarta hotel occupancy rates increase as riots continue JAKARTA (JP): Massive unrest throughout the city boosted the occupancy rates of many Jakarta hotels over the past two days, as local and foreign guests sought shelter to avoid the violence- torn streets.
Sat, 16 May 1998
S'pore denies meeting on rupiah
S'pore denies meeting on rupiah SINGAPORE (Reuters): The Monetary Authority of Singapore (MAS) denied rumors yesterday that it was due to meet banks to discuss trading in the Indonesian rupiah.An MAS spokesman told Reuters by telephone: "That's not true.
Sat, 16 May 1998
More foreign firms quit Indonesian operations
More foreign firms quit Indonesian operations TOKYO (Reuters): More foreign companies said they had decided to halt their operations in Indonesia and were taking steps to protect employees and clients from the violence there.
Sat, 16 May 1998
Unrest spread to Surabaya, Yogyakarta and other towns
Unrest spread to Surabaya, Yogyakarta and other towns SURABAYA (JP): Economic activities ground to a halt and tension and fear reigned yesterday when a demonstration of thousands of people degenerated into an orgy of large-scale rioting, burning and looting in this capital of East Java.
Sat, 16 May 1998
Economy crippled
Economy crippled Not a single economic measure, however sound it may be, seems to matter anymore as Indonesia descends into near chaos and a number of foreign governments contemplate evacuation of their citizens from the country.
Sat, 16 May 1998
Sutiyoso abhors scandalous acts of mobs
Sutiyoso abhors scandalous acts of mobs JAKARTA (JP): Governor Sutiyoso said yesterday he was ashamed and disappointed by actions of marauding mobs in vandalizing buildings and looting their contents."As a governor and people's leader, I am really ashamed that my people's behavior is like that...
Sat, 16 May 1998
ANZ lending to RI firms $141m
ANZ lending to RI firms $141m SYDNEY (Reuters): Australia and New Zealand Banking Group Ltd's lending to local corporate clients in Indonesia totals US$141 million, a bank spokesman told Reuters yesterday.
Fri, 15 May 1998
Jalan Jalan takes Jakarta entertainment to new heights
Jalan Jalan takes Jakarta entertainment to new heightsBy Marieke Van Heek JAKARTA (JP): On the top floor of one of the highest office buildings in Jakarta's business district, a nightclub enjoys a full house every weekend. The normally deserted parking lot around Menara Imperium on Jl.
Fri, 15 May 1998
Taiwan agrees to give Indonesia rice as aid
Taiwan agrees to give Indonesia rice as aid TAIPEI (Reuters): Taiwan, eager to lend a helping hand to the financially battered Southeast Asia, said yesterday it would aid Indonesia with 200,000 tons of rice.
Fri, 15 May 1998
Juwono says RI slow to fight fires
Juwono says RI slow to fight fires SAMARINDA, East Kalimantan: State Minister of Environment Juwono Sudarsono said yesterday Indonesia reacted slowly and passively in handling its forest fires, and that it only responded when the fires grabbed international attention."We have to admit this weakness.
Fri, 15 May 1998
Soeharto cuts short his trip to Cairo
Soeharto cuts short his trip to Cairo JAKARTA (JP): President Soeharto cut short his trip to Cairo and flew home yesterday after holding a meeting with Egyptian President Hosni Mubarak on efforts to improve bilateral ties.
Fri, 15 May 1998
Borneo Festival to be held
Borneo Festival to be held PALANGKA RAYA, Central Kalimantan: The city will host the third Borneo Festival which is to be opened on May 22 by Minister of Tourism, Arts and Culture Abdul Latief, Antara reported yesterday.
Fri, 15 May 1998
Riots, looting paralyze Jakarta
Riots, looting paralyze Jakarta JAKARTA (JP): The capital looked like a war zone yesterday as thousands of people damaged and burned hundreds of buildings and vehicles and looted the contents of the destroyed properties.
Fri, 15 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 14, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 25 7,000 Alumindo Light Metal 225 -25 20,000 Alumindo...
Fri, 15 May 1998
Ship fares rise 30 percent
Ship fares rise 30 percent MANADO, North Sulawesi: The tariff for economy class tickets on passenger ships here has gone up 30 percent.Antara reported yesterday that Governor E.E. Mangindaan had signed a letter Wednesday approving the increase from Rp 99 per kilometer for each passenger to Rp 129.
Fri, 15 May 1998
Palmoil quiet in Europe as traders watch Indonesia
Palmoil quiet in Europe as traders watch Indonesia LONDON (Reuters): Crude palm oil sellers were unchanged at the opening of the European vegetable oil market yesterday despite the increasing unrest in Indonesia.
Fri, 15 May 1998
Estrada warns poll cheaters
Estrada warns poll cheaters MANILA (Reuters): Joseph Estrada, whom many in the Philippines except his top rival believe has won the presidential election, warned officials not to cheat him of victory.An unofficial count showed him leading by over one million votes.
Fri, 15 May 1998
Gen. Wiranto apologizes for shootings
Gen. Wiranto apologizes for shootings JAKARTA (JP): The Armed Forces formally apologized for the fatal shooting of four Trisakti University students on Tuesday and said that three soldiers were killed when rioting erupted in many parts of Jakarta yesterday.
Fri, 15 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: Topik Olah Raga 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, 15 May 1998
Stop the rampage
Stop the rampage Every thinking person must be appalled by the anarchy -- there really is no other word for it -- that engulfed much of Jakarta yesterday. For two days in a row since Wednesday, the day following the tragic death of four demonstrating students at Jakarta's Trisakti University, the...
Fri, 15 May 1998
Business community nervous about change in leadership
Business community nervous about change in leadership The death of four students on Tuesday ignited riots and heightened social and political tension. Economist Sri Mulyani Indrawati, vice chairwoman of the University of Indonesia's Center for Social and Economic Studies, discusses the impact of...
Fri, 15 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 14, 1998: Buying Selling Rp Rp U.S. dollar 1 11,000.00 12.000.00Austrian shilling 925.70 908.30Australian dollar 1 6,926.40 7,457.60Belgian franc 1 302.00 323.70Canadian dollar 1 7,634.
Fri, 15 May 1998
A lamentable tragedy
A lamentable tragedy Media reports of the recent bloody incident at Trisakti University have prompted much reaction from almost every segment of society. Students staged commemorations on their own respective campuses and at Trisakti University in a show of solidarity for their dead colleagues.
Fri, 15 May 1998
Outbound flights fully booked
Outbound flights fully booked JAKARTA (JP): Bookings for outbound flights registered a dramatic rise yesterday as foreigners and frightened locals fled the tumultuous city.The director of Iwata Nusantara Tours and Travel, Meity Robot, said yesterday computer data showed that all yesterday's flights...
Fri, 15 May 1998
E-com needs new balanced interests
E-com needs new balanced interestsBy Djauhari Oratmangung and Wiwit Wisatyo JAKARTA (JP): At the threshold of the 21st century, developed and developing nations alike are challenging themselves to action structural reform or modernization in society based on the key paradigms globalization,...
Fri, 15 May 1998
Emerging market fund manager loads up in Indonesia
Emerging market fund manager loads up in Indonesia NEW YORK (Dow Jones): Emerging markets hedge fund manager Edward Bozaan is quietly loading up on shares of undervalued companies in Indonesia despite the country's escalating political tension.
Fri, 15 May 1998
Indonesia's neighbors concerned over riots
Indonesia's neighbors concerned over riots KUALA LUMPUR (Agencies): Malaysia said yesterday that it is concerned over unrest in Indonesia and is closely monitoring the situation."We are of course concerned, monitoring this very closely," Deputy Prime Minister Anwar Ibrahim told reporters.
Fri, 15 May 1998
Rupiah slumps below Rp 11,000 as unrest intensifies
Rupiah slumps below Rp 11,000 as unrest intensifies JAKARTA (JP): The rupiah slumped to below Rp 11,000 to the U.S. dollar and share prices continued their plunge yesterday amid the worsening political situation and widespread social unrest in the capital.
Fri, 15 May 1998
Malaysia Airlines says planes from Jakarta full
Malaysia Airlines says planes from Jakarta full KUALA LUMPUR (Reuters): Malaysia Airlines (MAS) said yesterday that its planes from Jakarta were full, but it did not know if the strong demand for seats was due to riots in the Indonesian capital or the return of Malaysians from holiday.
Fri, 15 May 1998
Mobs rule streets as riots rock the city
Mobs rule streets as riots rock the city JAKARTA (JP): Mobs ruled the city's streets yesterday.It was a day when crowds, motorists and motorcyclists did not have to bother about traffic signs or traffic laws.
Fri, 15 May 1998
New Jakarta Ensemble to perform in New York
New Jakarta Ensemble to perform in New York JAKARTA (JP): New Jakarta Ensemble will make its North American debut with a unique mix of East and West at the Asia Society in New York next week.Using drums, wood blocks, Tibetan singing bowls, bells, flutes, gongs and other instruments from Indonesia...
Fri, 15 May 1998
KL, Jakarta agree on ICJ ruling
KL, Jakarta agree on ICJ ruling JAKARTA (JP): Indonesia and Malaysia have formally agreed to accept any future ruling made by the International Court of Justice (ICJ) on the disputed Sipadan and Ligitan islands.
Fri, 15 May 1998
Govt sets resource rent taxes at six percent
Govt sets resource rent taxes at six percent JAKARTA (JP): The government has introduced resource royalty provisions, or rent taxes, on the country's timber companies to replace mandatory forest royalties.According to Government Regulation No.