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Fri, 15 May 1998
Caring for the 'little people'
Caring for the 'little people'From RepublikaIt is the little people who suffer most because of the increase in fuel prices. It is practically a certainty that there will be very bad social upheavals which will bring the country into further chaos.
Fri, 15 May 1998
Hot debate over Soeharto's offer to step aside
Hot debate over Soeharto's offer to step aside JAKARTA (JP): President Soeharto's reported remarks that he was prepared to resign if people no longer trusted him provoked a wide debate here yesterday, in spite of a correction by Foreign Minister Ali Alatas from Cairo.
Fri, 15 May 1998
Foreign wholesalers banned
Foreign wholesalers banned JAKARTA (JP): The government has prohibited foreign wholesalers and distributors from entering the domestic retail market.A decree issued by State Minister of Investment Sanyoto Sastrowardoyo on Wednesday states that the ban came into effect April 30, Antara reported...
Fri, 15 May 1998
Pertamina ready for free market
Pertamina ready for free market JAKARTA (JP): State oil and gas company Pertamina is beefing up its operations to enable it compete with multinational oil companies in the distribution and sale of fuel in the domestic market.
Fri, 15 May 1998
Protesters take over radio station in Semarang
Protesters take over radio station in Semarang JAKARTA (JP): Thousands of student protesters in the Central Java capital of Semarang, joined by hundreds of city residents, took over the state-owned Radio Republik Indonesia station yesterday forcing the radio station to air their demands for reform.
Fri, 15 May 1998
Transportation fees
Transportation feesFrom Media IndonesiaTo accept the price increase of gasoline is like swallowing a bitter pill for the society, otherwise our state budget will have to shoulder a heavy burden if subsidies must be retained.
Fri, 15 May 1998
Hang Seng's exposure to RI
Hang Seng's exposure to RI HONG KONG (Reuters): Hang Seng Bank Ltd. said yesterday it had very limited exposure to Indonesia."Our exposure to Asian countries is immaterial," a bank spokeswoman said. "Our main focus is Hong Kong.
Fri, 15 May 1998
Coffee sharply increases
Coffee sharply increases LONDON (Reuters): LIFFE robusta coffee raced higher yesterday morning as worries over Indonesia's worsening social unrest and market talk of Vietnamese and Indonesian origin defaults sparked speculative buying.
Fri, 15 May 1998
Nuclear tests shift strategic balance in Asia
Nuclear tests shift strategic balance in AsiaBy Olaf Jahn HONG KONG (DPA): India has suddenly pushed itself into the ranks of key players in any calculation of Asia's strategic balance. The shockwaves from its unexpected nuclear tests have been felt as far away as Japan and Indonesia, and very...
Fri, 15 May 1998
Students hit by crisis
Students hit by crisis YOGYAKARTA: Some 4,000 Gadjah Mada University students may have to take a vacation from their studies because of financial difficulties, its rector, Ichlasul Amal, said here Wednesday.
Fri, 15 May 1998
Foreign embassies urge their nationals to show caution
Foreign embassies urge their nationals to show caution JAKARTA (JP): The United States embassy here issued a travel warning urging U.S. citizens to defer non-essential travel to Indonesia and suggesting that those working here may wish to consider leaving the country due to the deteriorating...
Fri, 15 May 1998
S&P assigns 'B-' to APP
S&P assigns 'B-' to APP JAKARTA (JP): International rating agency Standard & Poor's assigned a "B-" long-term rating yesterday to APP Finance (VII) Mauritius Ltd.'s US$500 million convertible notes due April 2003.
Fri, 15 May 1998
Rizal Nurdin elected governor
Rizal Nurdin elected governor MEDAN, North Sumatra: Maj. Gen. T. Rizal Nurdin, the former chief of Bukit Barisan Military Command, saw off challenges from rivals Usman Pelly and A.M. Situmorang and was elected North Sumatra governor for 1998/2003 yesterday.
Fri, 15 May 1998
Government critics ask Soeharto to step down
Government critics ask Soeharto to step down JAKARTA (JP): A group of 44 leading government critics, including Amien Rais, senior journalist Goenawan Mohamad and senior economist Emil Salim, established the Majelis Amanah Rakyat (Council for People's Mandate) last night and demanded President...
Fri, 15 May 1998
First Pacific says RI exposure at minimal level
First Pacific says RI exposure at minimal level HONG KONG (Reuters): First Pacific Co Ltd said yesterday the company's exposure to Indonesia was minimal with less than one percent of its profit derived from the country.
Fri, 15 May 1998
Student demonstrations continue
Student demonstrations continue JAKARTA (JP): Thousands of university students in the city continued to demonstrate yesterday by holding free-speech forums on their campuses.At the University of Indonesia (UI) campus in Salemba, Central Jakarta, students gathered to hear speeches by, among others,...
Fri, 15 May 1998
Deutsche closes RI units
Deutsche closes RI units SINGAPORE (Reuters): Deutsche Bank AG said yesterday it had temporarily closed its branches in Jakarta and Surabaya, Indonesia."Due to the deterioration of the situation in Indonesia we have taken the decision to temporarily close our branches in Jakarta and Surabaya," the...
Fri, 15 May 1998
Religious leaders decry violence
Religious leaders decry violence JAKARTA (JP): Religious leaders of different faiths in the country joined hands yesterday in deploring the widespread violence of recent days, imploring all parties to show restraint.
Fri, 15 May 1998
Asian markets sweat over Indonesia meltdown fears
Asian markets sweat over Indonesia meltdown fears SINGAPORE (Reuters): A third day of anti-government riots in Jakarta cut short an early rebound on most Asian markets yesterday as traders again quaked in the shadow of Indonesia's worsening social and political crisis.
Fri, 15 May 1998
Bangkok Bank quits Jakarta
Bangkok Bank quits Jakarta BANGKOK (Reuters): Bangkok Bank Plc. said yesterday it had suspended banking operation in Jakarta due to spreading riots.A Bangkok Bank executive said his bank had informed Indonesian and Thai central bank authorities of what he called a temporary business suspension in...
Fri, 15 May 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Art Exhibition: Works of Suromo, at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), 10 a.m. to 8 p.m., until May 28. * Painting Exhibition: Study for Distance by Hanafi, at Galerie Focus, Jl. Kemang Selatan X B No.
Thu, 14 May 1998
People enraged by the shooting of four protesting students
People enraged by the shooting of four protesting students JAKARTA (JP): Outrage over the killing of four students at Trisakti University was clearly evident yesterday, with many people demanding top Armed Forces (ABRI) officials make a public apology and be held accountable for the deaths.
Thu, 14 May 1998
Groundwater supplies not exempt from tax
Groundwater supplies not exempt from tax JAKARTA (JP): The city administration is planning a bylaw requiring people and institutions to pay tax on the use of groundwater and surface water if they use over 50 cubic meters a month, a city councilor said yesterday.
Thu, 14 May 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 13, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 500 0 0 Alter Abadi 725 -200 2,500 Alumindo Light Metal 250 -50 157,000 Alumindo...
Thu, 14 May 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Hazztoria Band, daily except Sunday 9 p.m. to 1 a.m. - Atrium Lounge: Solo Pianist, Monday to Friday, 7 p.m. to 10:45 p.m., Saturday at 7 a.m. to 11 p.m.
Thu, 14 May 1998
HSBC takes measures on RI
HSBC takes measures on RI HONG KONG (Reuters): The Hongkong and Shanghai Banking Corp, a unit of HSBC Holdings Plc, said yesterday it was taking steps to ensure it would get back billions of U.S. dollars in loans to Indonesian businesses.
Thu, 14 May 1998
Jakarta has new vice governor
Jakarta has new vice governor JAKARTA (JP): Minister of Home Affairs R. Hartono installed Budihardjo Soekmadi as the new deputy governor for development affairs Tuesday.Budihardjo, who retains his position as head of the city's Development Planning Board (Bappeda) which he has held since 1995,...
Thu, 14 May 1998
Malonda, KPMG not suspended
Malonda, KPMG not suspended JAKARTA (JP): Public accounting firm Johan, Malonda & Partners denied reports yesterday that the Capital Market Supervisory Agency (Bapepam) had suspended its license to operate in the capital market.
Thu, 14 May 1998
Students help the nation restart healing process
Students help the nation restart healing processBy Mochtar Buchori JAKARTA (JP): Gen. Wiranto's revelation that the Armed Forces have never been involved in the kidnapping of student' activists has been received by the public with a great sense of relief.
Thu, 14 May 1998
Australian dollar falls to twelve-year low
Australian dollar falls to twelve-year low SYDNEY (Agencies): The Australian dollar sank below 63 U.S. cents yesterday to its lowest levels since the "Banana Republic" days of 1986, as violence in Indonesia and fresh bad news from Japan deepened investors' disillusionment with Asia.
Thu, 14 May 1998
Rubber futures close mixed on light volumes
Rubber futures close mixed on light volumes SINGAPORE (Reuters): Singapore rubber futures ended mixed on light volumes yesterday, with traders sidelined as concerns about riots in Indonesia spread."People are saying 'let's wait and see about Indonesia' before they commit themselves to anything," a...
Thu, 14 May 1998
Artha Graha, Datakom to establish alliance
Artha Graha, Datakom to establish alliance JAKARTA (JP): Publicly listed PT Artha Graha Investama Sentral (AGIS) and PT Datakom Asia (DKA) announced yesterday they would form an alliance in the multimedia business.An advisor to PT AGIS, Samuel A.
Thu, 14 May 1998
Northwest seeks SEA partner
Northwest seeks SEA partner NEW YORK (Reuters): Northwest Airlines Corp, fresh on the heels of a pact with China Air, is looking for a partner in Southeast Asia and would consider taking an equity stake if necessary, Northwest Chairman Gary Wilson said Tuesday.
Thu, 14 May 1998
Agum made new governor of military think tank
Agum made new governor of military think tank JAKARTA (JP): Lt. Gen. Agum Gumelar was installed yesterday as the new governor of the military's think tank, the National Resilience Institute (Lemhannas), replacing Lt. Gen. Sofian Effendi.
Thu, 14 May 1998
Ericsson's 'X-Change' program
Ericsson's 'X-Change' program JAKARTA (JP): Cellular telephone producer Ericsson announced a new marketing strategy yesterday which allows customers to trade in their used Ericsson cellular phones for newer models to maintain their market in the country.
Thu, 14 May 1998
No timber firms 'fully prepared' for ecolabeling
No timber firms 'fully prepared' for ecolabeling JAKARTA (JP): Only 26 of the 70 forest concessionaires assessed by the Indonesian Ecolabeling Agency since early 1996 are considered "adequately prepared" to meet ecolabeling requirements, a senior official said here yesterday.
Thu, 14 May 1998
Buyung says he is victim of repression
Buyung says he is victim of repression JAKARTA (JP): Rachmad Buchori, who is accused of defaming President Soeharto, told South Jakarta District Court yesterday that he was a victim of the New Order government's repression of correction and criticism.
Thu, 14 May 1998
If I'm no longer trusted, no problem: Soeharto
If I'm no longer trusted, no problem: Soeharto CAIRO (JP): President Soeharto says it would not be a "problem" if people no longer trusted him to lead the country, and that he would not use armed forces to hold on to his position.
Thu, 14 May 1998
Husbands have important role in safeguarding wives' health
Husbands have important role in safeguarding wives' health JAKARTA (JP): Safe Motherhood and other programs to improve women's health status will fall flat in reaching their goal without full support from male members of a patriarchal society like Indonesia.Meiwita B.
Thu, 14 May 1998
Labor-intensive projects to start again
Labor-intensive projects to start again JAKARTA (JP): The city administration will start the second phase of labor-intensive projects to help ease burgeoning unemployment later this month, an official said yesterday.
Thu, 14 May 1998
Australia concedes U.S. wheat credit luring for RI
Australia concedes U.S. wheat credit luring for RI SYDNEY (Reuters): Wheat sales to Indonesia under the U.S. government's export credit system was seen as inevitable given the attractiveness of the credits, an official with Australia's wheat export board said yesterday.
Thu, 14 May 1998
Truth finally comes out
Truth finally comes out Of late, corruption, collusion and nepotism have become very popular words among experts (in politics, economics and law), students and laymen. The government, private circles and common people are now fully aware that deeply rooted practices of corruption, collusion and...
Thu, 14 May 1998
Navy impounds fishing vessels
Navy impounds fishing vessels SURABAYA, East Java: Four vessels manned by Thai crews have been detained by the Indonesian Navy after they were found in violation of their fishing permits, a Navy officer said yesterday.
Thu, 14 May 1998
Where to go in Bali:
Where to go in Bali:Exhibition and Performance * Ruwatan Bumi, the Earth Purification Ceremony in Taman Budaya, Jl. Nusa Indah, Denpasar: Fine Art Exhibition (Seni Rupa Bumi 1998), 10 a.m. to 9 p.m., until May 16. Accoustic Music, Poetry Reading, Cartoon Sketch Display, 5 p.m. to 8 p.m.
Thu, 14 May 1998
Fuel price increase
Fuel price increaseFrom RepublikaAre fuel price increases related to the private sector's foreign debt?I remember Bank Duta experienced a crisis a few years ago due to its loss of Rp 300 billion in foreign exchange trading. Not long afterward the price of cement increased sharply.
Thu, 14 May 1998
Student blood
Student blood The death of four students at the hands of unidentified gunmen during a demonstration at Trisakti University in West Jakarta on Tuesday is a national tragedy. Those who sprayed bullets on the mass of innocent and unarmed young people deserve world condemnation.
Thu, 14 May 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 13, 1998: Buying Selling Rp Rp U.S. dollar 1 10,300.00 11,300.00Austrian shilling n/a n/aAustralian dollar 1 6,447.80 6,910.60Belgian franc 1 279.40 297.70Canadian dollar 1 7,157.70 7,617.
Thu, 14 May 1998
Heaven and hell
Heaven and hell In connection with criticism by respected Islamic scholar Nurcholis Madjid (The Jakarta Post, April 20, 1998), I herewith would like to add a few expressions said by noted Ali bin Abutholib, Prophet Mohammad's aide, which are relevant to Nurcholis Madjid's criticism.
Thu, 14 May 1998
President's term of office
President's term of officeFrom Media IndonesiaMedia Indonesia's editorial of May 9 seems to belittle the significance of Golkar's efforts to limit the presidential post to two terms only. It seems as if Golkar only parroted what students voiced during their demonstrations.
Thu, 14 May 1998
Four students killed in rally declared champions of reform
Four students killed in rally declared champions of reform JAKARTA (JP): Trisakti University declared the four students killed in Tuesday's antigovernment rally were Champions of Reform yesterday.The university radio station, MS Three, received thousands of messages of condolence from people in all...