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Fri, 08 May 1998
RI riot affects grain market
RI riot affects grain market SINGAPORE (Reuters): Asia's already gloomy grains market is expected to see even fewer activities in the wake of the riots in Indonesia, traders said yesterday."The regional market is turning very bearish again," said one trader with a U.S. commodity house in Singapore.
Fri, 08 May 1998
Theo to deregulate labor exports
Theo to deregulate labor exports JAKARTA (JP): Minister of Manpower Theo L. Sambuaga said yesterday he was committed to deregulating the complicated procedures governing labor exports. These will include prohibiting the export of unskilled workers.
Fri, 08 May 1998
Local T-shirts dress up with political statements
Local T-shirts dress up with political statements JAKARTA (JP): For some, T-shirts are more than a casual outfit. They can be a means of communication. They can also be used to voice political statements.
Fri, 08 May 1998
Asian stocks down over fears of RI escalating unrest
Asian stocks down over fears of RI escalating unrest HONG KONG (AP): Fears over escalating social unrest in Indonesia sent Asian stock prices and currencies sharply lower early yesterday, but most markets managed to regain some lost ground at the close.
Fri, 08 May 1998
Lautan to form 2 ventures
Lautan to form 2 ventures JAKARTA (JP): Specialty chemicals manufacturer and distributor PT Lautan Luas plans to form two joint venture operations with four overseas firms, the company announced yesterday.
Fri, 08 May 1998
Why does DPR keep mum?
Why does DPR keep mum?From Media IndonesiaThe sharp increase in fuel prices is palpably suffocating the people. Public minibuses, for example, from Depok to Bojonggede have gone on strike for the past three days.
Fri, 08 May 1998
ICMI has joined in
ICMI has joined in Wednesday's statement by the Association of Indonesian Moslem Intellectuals (ICMI) is surprisingly straightforward in its call for immediate reform although many might take it as a better-late-than-never step.
Fri, 08 May 1998
U.S. concerned about violence in Indonesia
U.S. concerned about violence in Indonesia WASHINGTON (Reuters): The United States expressed concern Wednesday about violent demonstrations in Indonesia and urged the authorities to let peaceful protests take place.
Fri, 08 May 1998
Riots may push up cooking oil prices
Riots may push up cooking oil prices JAKARTA (JP): The price of cooking oil is set to rise again as riots in the North Sumatra capital of Medan, a major center for palm oil production in Indonesia, continue.
Fri, 08 May 1998
Taxi drivers go on strike
Taxi drivers go on strike JAKARTA (JP): About 500 Ratax Taxi drivers went on strike yesterday, demanding the company management lower the 16-hour vehicle rental fee from Rp 80,000 (US$8.8) to Rp 60,000.The strike began at about 8 a.m. at the taxi headquarters in Cipulir, South Jakarta.
Fri, 08 May 1998
Regional currencies recover after sharp fall in rupiah
Regional currencies recover after sharp fall in rupiah SINGAPORE (Reuters): Regional currencies recovered after an early trouncing yesterday following a sharp fall in the rupiah in London and New York amid deep concern over the deteriorating situation in Indonesia.
Fri, 08 May 1998
ILO to launch project on women's employment
ILO to launch project on women's employment JAKARTA (JP): The International Labor Organization (ILO) is seeking to cooperate with the government and local non- governmental organizations (NGOs) to expand employment opportunities for poverty-stricken women here.
Fri, 08 May 1998
U.S. and Finland remain confident in RI economy
U.S. and Finland remain confident in RI economy JAKARTA (JP): A group of visiting, top American executives said here yesterday they remained confident in the long-term future of the Indonesian economy despite the social unrest in the nation's major cities.
Fri, 08 May 1998
Can corruption be wiped out here?
Can corruption be wiped out here?By Donna K. Woodward JAKARTA (JP): More and more Indonesians are speaking out against the corruption -- payoffs, bribery, kickbacks, collusion -- that is strangling this economy. And yet the payoffs and kickbacks continue.
Fri, 08 May 1998
Indonesian boys' tennis team reaches quarters
Indonesian boys' tennis team reaches quarters JAKARTA (JP): The Indonesian boys' team maintained its 100 percent record going into the knock-out, last-eight, round of the World Junior Tennis Championship Asia/Oceania qualifying tournament here yesterday.
Fri, 08 May 1998
Hotel land dispute case begins in Slipi
Hotel land dispute case begins in Slipi JAKARTA (JP): West Jakarta District Court began trying a lawsuit yesterday filed against PT Putra Swadaya Prasetya, a private company which owns Hotel Ibis in Slipi, West Jakarta, for allegedly illegally appropriating the plot where the building stands.
Fri, 08 May 1998
Medan calm but sporadic looting continues
Medan calm but sporadic looting continuesBy Efendy Naibaho MEDAN, North Sumatra (JP): Medan was mostly calm, albeit tense, yesterday after three days of rioting, although some looting continued on the city's outskirts, witnesses said.
Fri, 08 May 1998
Residents take law into own hands
Residents take law into own hands TANGERANG (JP): Hundreds of people burned and destroyed dozens of dimly lit food stalls in several villages here Wednesday evening, claiming the stalls had been used as brothels.The destruction erupted after the stalls' owners ignored residents' complaints.
Fri, 08 May 1998
Rupiah too weak: Soedradjad
Rupiah too weak: Soedradjad HONG KONG (AP): Indonesia's former Bank Indonesia (BI) governor J. Soedradjad Djiwandono said yesterday that the recent weakening of rupiah was caused purely by social unrest and that it should be stronger.
Fri, 08 May 1998
Police arrest members of several car theft gangs
Police arrest members of several car theft gangs JAKARTA (JP): Central Jakarta police have arrested nine car thieves believed to be members of different organized gangs in several raids since last month, it was revealed yesterday.Central Jakarta Police chief Lt. Col.
Fri, 08 May 1998
Lights out for Kupang dogs
Lights out for Kupang dogs KUPANG, East Nusa Tenggara: At least 170,000 dogs in East Flores will be put to sleep after a health team discovered that at least eight people had recently died of rabies."In order for this area to be free of the 'mad dog' disease, all dogs have to be slain because this...
Fri, 08 May 1998
Probe of Jamsostek's management urged
Probe of Jamsostek's management urged JAKARTA (JP): A senior member of the House of Representatives has urged the government to seriously investigate the alleged rampant corrupt practices at state-owned social security company PT Jamsostek.
Fri, 08 May 1998
Land owners have 'nothing to fear'
Land owners have 'nothing to fear' JAKARTA (JP): President Soeharto has assured owners of idle land they have nothing to fear if they allow needy farmers to cultivate the plots for additional income, a minister said yesterday.
Thu, 07 May 1998
Newsprint price will be raised up to 12%
Newsprint price will be raised up to 12% JAKARTA (JP): The Indonesian Pulp and Paper Association (APKI) said yesterday it would raise the price of newsprint by 10 percent to 12 percent, following the rise in fuel and electricity prices.
Thu, 07 May 1998
Fuel price hike prompts Garuda to raise airfares
Fuel price hike prompts Garuda to raise airfares JAKARTA (JP): National flag carrier Garuda Indonesia has raised the tariffs of all its domestic flights by an average of 37.7 percent, effective today, to take account of the sharp fuel- price rise and the rupiah's weakening value.
Thu, 07 May 1998
ICMI calls for total political reform
ICMI calls for total political reform JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) broke ranks with the government yesterday by calling for total political reform to lift the nation out of the economic crisis.
Thu, 07 May 1998
RI needs constitutional economy
RI needs constitutional economyBy Akhmad Mukhtar JAKARTA (JP): The prolonged economic crisis in Indonesia reflects the bad policies and poor economic management of the government, the administration of which is poorly regulated.
Thu, 07 May 1998
Stocks and rupiah dive over unrest
Stocks and rupiah dive over unrest JAKARTA (JP): Share prices plunged by nearly 5 percent and the rupiah lost almost 8 percent on fears that escalating riots in Medan, North Sumatra, will spread to other major cities.
Thu, 07 May 1998
OPEC basket price falls to $13.38
OPEC basket price falls to $13.38 LONDON (Reuters): The price of OPEC's basket of seven crudes fell to US$13.38 a barrel on Tuesday from $13.62 on Monday from $13.24, the OPEC news agency said quoting the OPEC Secretariat.
Thu, 07 May 1998
Plywood income likely to fall by 16 percent
Plywood income likely to fall by 16 percent JAKARTA (JP): Indonesia's foreign exchange earnings from plywood exports is expected to fall 16 percent this year to US$3 billion from $3.58 billion last year, the Association of Indonesian Wood Panel Producers (Apkindo) estimates.
Thu, 07 May 1998
Woman found dead at boardinghouse
Woman found dead at boardinghouse JAKARTA (JP): A 43-year-old woman was found dead in her boardinghouse on Jl. Pegangsaan I, Rawa Terate subdistrict in East Jakarta yesterday morning.A forensic examination of the woman, Muksinah, found injuries suggesting she might have been murdered between 12 a.m.
Thu, 07 May 1998
Activist set to testify before U.S. Congress today
Activist set to testify before U.S. Congress today JAKARTA (JP): Political activist Pius Lustrilanang, who has fled Indonesia in search of safety, is scheduled today to testify before a U.S. Congressional subcommittee concerning his abduction, his lawyer said here yesterday.
Thu, 07 May 1998
Four killed in shoot-out
Four killed in shoot-out ILIGAN, Philippines (Reuters): Four people were killed and four wounded, including a local council candidate, in a shoot-out between unidentified armed men and local police in the southern Philippines, police said yesterday.
Thu, 07 May 1998
Japan welcomes IMF's RI program
Japan welcomes IMF's RI program TOKYO (Reuters): Japan welcomes a decision by the executive board of the International Monetary Fund (IMF) to approve an amended economic program for Indonesia, Japanese Finance Minister Hikaru Matsunaga said yesterday.
Thu, 07 May 1998
Self-correction before reform
Self-correction before reformFrom Republika"In fact Allah will not change the condition of a community before they have changed their own condition." (Ar-Ra'ad:11)Of late, ishlah (reform) has become a popular word, and the key word in proposals for improvements in Indonesia's economic, political...
Thu, 07 May 1998
Plane crashes in Philippines
Plane crashes in Philippines MANILA (Reuters): A Cessna-206 plane carrying seven people crashed yesterday on Bohol island in central Philippines, the Air Transportation Office (ATO) said.It could not be immediately determined if there were any survivors.
Thu, 07 May 1998
More violence mars student protests
More violence mars student protests JAKARTA (JP): Violence became an increasingly unavoidable feature as more and more student demonstrations demanding reforms and protesting against the fuel and electricity price increases broke into clashes with security officers.
Thu, 07 May 1998
SE Asian currencies take a battering
SE Asian currencies take a battering SINGAPORE (Dow Jones): Battered by a barrage of bad news, Southeast Asian currencies succumbed to downward pressure yesterday, falling steeply against the U.S. dollar during Asian trading hours.
Thu, 07 May 1998
Buddhists donate blood
Buddhists donate blood SEMARANG, Central Java: To commemorate the upcoming Waisak day, 50 Buddhists donated blood yesterday to the Indonesian Red Cross.The head of the Theravada Buddhist Religious Council, D.
Thu, 07 May 1998
Indosat's profit up 33 percent
Indosat's profit up 33 percent JAKARTA (JP): Publicly listed international telecommunications provider PT Indosat announced yesterday a 33 percent increase in net profit to Rp 176 billion (US$22 million) in the first quarter of this year from Rp 132.4 billion over the same period last year.
Thu, 07 May 1998
Inflation rate slowed to 4.7 percent in April
Inflation rate slowed to 4.7 percent in April JAKARTA (JP): The monthly inflation rate slowed to 4.7 percent in April from 5.49 percent in March, bringing the cumulative increase in the consumer price index to 33.09 percent for the first four months of 1998, the government said yesterday.
Thu, 07 May 1998
RI must meet IMF terms: U.S.
RI must meet IMF terms: U.S. WASHINGTON (Agencies): The Clinton administration Tuesday warned the government of President Soeharto to follow through on International Monetary Fund (IMF) mandated economic reforms and expressed concerns over human rights abuses in the country.
Thu, 07 May 1998
Business sluggish after price hikes
Business sluggish after price hikes JAKARTA (JP): Many traders of essential goods in East and South Jakarta reported yesterday that business was sluggish after prices went up yet again due to Tuesday's fuel price hikes.
Thu, 07 May 1998
Political reform may boost rupiah
Political reform may boost rupiah The disbursement of aid from the International Monetary Fund (IMF) has failed to boost the rupiah's value against the U.S. dollar. Pande Radja Silalahi, head of the Centre for Strategic and International Studies' (CSIS) economic department, discusses the causes of...
Thu, 07 May 1998
Gasoline, gas, lube prices increase
Gasoline, gas, lube prices increase JAKARTA (JP): State oil and gas company Pertamina has raised the prices of gasoline, compressed natural gas (CNG), liquefied petroleum gas (LPG) and lubricants following the government's move to cut fuel subsidies.
Thu, 07 May 1998
Muladi urges fair trial for 12 alleged hijackers
Muladi urges fair trial for 12 alleged hijackers JAKARTA (JP): The government called on the Chinese government yesterday to prosecute Indonesians arrested on suspicion of hijacking a Malaysian-flagged oil tanker, through a fair and impartial trial.
Thu, 07 May 1998
Antam goes ahead expansion project
Antam goes ahead expansion project JAKARTA (JP): State-controlled, publicly listed gold and nickel miner PT Aneka Tambang (Antam) said yesterday it would proceed with its ferronickel expansion project in Pomalaa, Southeast Sulawesi, despite the crisis.
Thu, 07 May 1998
Organda proposes new fares for taxis and AC buses
Organda proposes new fares for taxis and AC buses JAKARTA (JP): The city branch of the Association of Public Transportation Owners (Organda) has presented a proposal to Governor Sutiyoso on new fares for taxis and air-conditioned buses in a move to end mounting confusion.
Thu, 07 May 1998
Quay to be built to boost tourism
Quay to be built to boost tourism BUTON, Southeast Sulawesi: A permanent quay will be built on Kaledupa island, one of the islands in Tukang Besi subdistrict here, in a bid to boost tourism at Wakatobi National Park.The Ministry of Communications has allocated Rp 2.
Thu, 07 May 1998
'Social distress' the next crisis to threaten Indonesia
'Social distress' the next crisis to threaten Indonesia JAKARTA (JP): The government must quickly address the social impacts of its economic reforms to prevent the country from sliding into a more severe situation, economists say.