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Fri, 01 May 1998
ASEAN states try to reduce impact of crisis
ASEAN states try to reduce impact of crisis HANOI (AP): Asian countries are not trying to undercut each other despite shrinking foreign investment, rising unemployment and increasing competition for export markets, a top Indonesian official said yesterday.
Fri, 01 May 1998
Worst yet to come for S. Korea and Indonesia: ADB official
Worst yet to come for S. Korea and Indonesia: ADB official GENEVA (Reuters): The worst is yet to come for the crisis-hit economies of South Korea, Indonesia and Thailand, and it is no time for early rejoicing, a top official of the Asian Development Bank said on Wednesday.
Fri, 01 May 1998
Tourism industry needs change
Tourism industry needs changeBy Yuho Konno JAKARTA (JP): Foreign currency earned from overseas tourists to Indonesia was US$ 6.62 billion in 1997, slightly short of the target. However, this figure did show an increase of 5 percent over the previous year.
Fri, 01 May 1998
ITF helps Indonesia host junior tourney
ITF helps Indonesia host junior tourney JAKARTA (JP): The International Tennis Federation (ITF) has poured in US$30,000 to enable Indonesia to stage the World Junior Asia/Oceania qualifying tournament for the second successive year next week.
Fri, 01 May 1998
Price of OPEC crudes falls to $13.02 per barrel
Price of OPEC crudes falls to $13.02 per barrel LONDON (Reuters): The price of OPEC's basket of seven crudes fell to $13.02 on Wednesday from $13.28 a barrel on Tuesday, the OPEC news agency said quoting the OPEC Secretariat.
Fri, 01 May 1998
Activists criticize Assembly
Activists criticize Assembly JAKARTA (JP): A group of pro-democracy activists reproached the People's Consultative Assembly (MPR) yesterday, demanding they "return" the people's sovereignty entrusted to them since the 1,000-member assembly has abused it for the interests of the government.
Fri, 01 May 1998
Turtle decline worrying
Turtle decline worrying KUPANG, East Nusa Tenggara: Environmentalists have expressed concern over the declining number of turtles around Serangan Island near Bali, as poachers continue to collect the animal's eggs which have a high commercial value.
Fri, 01 May 1998
S'pore exports to EU taxed
S'pore exports to EU taxed SINGAPORE (Dow Jones): All Singapore exports entering the European Union with effect from Friday will be levied duties based on the Most Favored Nation, or MFN, tariff rates, as Singapore will be fully graduated from the European Commission's Generalized System of...
Fri, 01 May 1998
Signals of crisis ignored
Signals of crisis ignored I am writing in response to the letter 'Who really triggers the crisis' of April 30. The question posed by Lee Way Chun is a valid one. The answer to this is simple. The raider George Soros and friends pulled the trigger when they attacked in July 1997 the overvalued...
Thu, 30 Apr 1998
Violence in Medan exception to calm student protests
Violence in Medan exception to calm student protests JAKARTA (JP): Student rallies protesting the dire economic situation continued across the country yesterday, but yet more violence in Medan, North Sumatra, was the lone blemish on the otherwise peaceful protests.
Thu, 30 Apr 1998
S. Africa accuses RI of dumping paper
S. Africa accuses RI of dumping paper JOHANNESBURG (Reuters): South African paper giants at the center of an investigation of unfair business practices on Tuesday shrugged off the allegations and instead accused Indonesia and Brazil of dumping paper in the country.
Thu, 30 Apr 1998
Police to sell Red Cross stickers
Police to sell Red Cross stickers JAKARTA (JP): The city branch of the Indonesian Red Cross (PMI) made a correction yesterday to its earlier statement that it hadn't approved a fund-raising collection through sticker sales at police stations.
Thu, 30 Apr 1998
KL firms get nod to develop oil palm estates
KL firms get nod to develop oil palm estates JAKARTA (JP): Four Malaysian companies have been given the green light to develop oil palm plantations in the country, a minister said yesterday.State Minister of Investment Sanyoto Sastrowardoyo said yesterday the companies had met the investment...
Thu, 30 Apr 1998
Monas facelift to start soon
Monas facelift to start soon JAKARTA (JP): The long-awaited beautification of the National Monument (Monas) in Central Jakarta will get underway next week, a senior official said yesterday.Under the project, the city administration will relocate the ubiquitous vendors, rearrange parking lots,...
Thu, 30 Apr 1998
Indofood records net loss for 1997
Indofood records net loss for 1997 JAKARTA (JP): Indonesia's largest instant noodle maker PT Indofood Sukses Makmur yesterday reported a net loss in 1997 of Rp 1.2 trillion (US$150 million) as a result of the sharp plunge in the value of the rupiah.
Thu, 30 Apr 1998
Hero books Rp 46b in loss
Hero books Rp 46b in loss JAKARTA (JP): Publicly listed PT Hero Supermarket announced yesterday a net loss of Rp 46 billion (about US$6 million) in 1997 due to mounting foreign exchange losses.The company's president, Ipung Kurnia, announced yesterday that the loss resulted from foreign exchange...
Thu, 30 Apr 1998
Keeping Dutch-Indonesia ties strong
Keeping Dutch-Indonesia ties strong An economy with great potential growth, the largest country in Southeast Asia and an important geopolitical player: This is how the Netherlands continues to view Indonesia today despite a 10- month monetary crisis that has crippled the country's economy.
Thu, 30 Apr 1998
Indonesia makes new repayment pledge
Indonesia makes new repayment pledge WASHINGTON (Reuters): A much more formal pledge by Indonesia that loans under the USDA's agricultural export credit program will be repaid could lead to increased U.S. farm exports, a key U.S. Agriculture Department aide said Tuesday."I'm hopeful...
Thu, 30 Apr 1998
Local shares plunge as political fears grow
Local shares plunge as political fears grow JAKARTA (JP): Share prices on the local stock exchange plunged by over 4 percent yesterday amid mounting concern over the political atmosphere in the country, brokers said.
Thu, 30 Apr 1998
Man arrested for drug trafficking
Man arrested for drug trafficking JAKARTA (JP): Customs and excise officers at Soekarno-Hatta International Airport have foiled a drugs-smuggling attempt by MR, 34, as he was about to take Garuda Indonesia flight GA-724 to Melbourne via Denpasar.
Thu, 30 Apr 1998
Texmaco's profit down
Texmaco's profit down JAKARTA (JP): Publicly listed PT Texmaco Perkasa Engineering, one of the largest engineering companies in the country, reported a decline in net profit to Rp 19 billion (US$2.5 million) in 1997 from Rp 65.81 billion in 1996.
Thu, 30 Apr 1998
Shaman's wife gets death sentence
Shaman's wife gets death sentence JAKARTA (JP): The Lubuk Pakam District Court in North Sumatra handed down a death sentence yesterday to Tumini, a wife of notorious shaman Achmad Suraji, for deliberately assisting him in killing 42 women.
Thu, 30 Apr 1998
Understanding RI business culture
Understanding RI business cultureBy Rob Goodfellow WOLLONGONG, New South Wales, Australia (JP): Indonesia is often criticized in the international press for what are loosely identified as "corrupt practices".
Thu, 30 Apr 1998
Man caught with hashish
Man caught with hashish BEKASI (Antara): Bekasi police have confiscated 5.04 kilograms of hashish and arrested three men believed to be the seller and buyers of the illegal drug.Bekasi Police chief Lt. Col.
Thu, 30 Apr 1998
Govt not ready to appeal to WTO on Timor car case
Govt not ready to appeal to WTO on Timor car case JAKARTA (JP): Indonesia has yet to decide whether to appeal against the World Trade Organization's (WTO) finding that the country's national car project violated international trade rules.
Thu, 30 Apr 1998
Forging ties with RI's business community
Forging ties with RI's business community ABN AMRO Bank is distinguished through a large international network. With a network of more than 1,880 branches in 71 countries, it ranks among the biggest networks worldwide.
Thu, 30 Apr 1998
Erasmus Huis a cultural center for varied tastes
Erasmus Huis a cultural center for varied tastes JAKARTA (JP): A typical outing to Erasmus Huis might include watching a Dutch movie, thumbing through the library's collection, or taking in art exhibition.
Thu, 30 Apr 1998
Crude oil price spread realigned
Crude oil price spread realigned SINGAPORE (Reuters): Price relationships between Asian crudes and global benchmark Brent changed dramatically in the first quarter, but are expected now to resume a more traditional course, analysts said yesterday.
Thu, 30 Apr 1998
Holland provides trade financing guarantees to RI
Holland provides trade financing guarantees to RI Minister of Economic Affairs Wijers and Minister of Finance Zalm have, in consultation with Minister of Foreign Affairs Van Mierlo, have decided to provide a credit-insurance facilities for short-term export transactions with Indonesia to an amount...
Thu, 30 Apr 1998
Java set to remain population center
Java set to remain population center JAKARTA (JP): Java, despite intensive transmigration programs, will remain the country's most populated island with 58 percent of the population by 2004, according to a new report.Population density of the island, which makes up just 6.
Thu, 30 Apr 1998
Bank Indonesia meets IMF monetary targets
Bank Indonesia meets IMF monetary targets JAKARTA (JP): Bank Indonesia (BI) said yesterday that it met performance criteria for monetary indicators agreed with the International Monetary Fund (IMF) at the start of this month on April 24.
Thu, 30 Apr 1998
E. Kalimantan needs more rattan processing plants
E. Kalimantan needs more rattan processing plants JAKARTA (JP): The Association of the Dayak Tribes in East Kalimantan said yesterday they needed more processing plants to boost semi-finished rattan exports in the province.
Thu, 30 Apr 1998
Reforming state companies
Reforming state companies Tanri Abeng, State Minister of the Empowerment of State Enterprises, should be one of the busiest members of the cabinet because he is in charge of managing almost 160 companies, with combined assets of more than Rp 460 trillion (US$57.6 billion).
Thu, 30 Apr 1998
Injuries haunt RI's Thomas, Uber Cups teams
Injuries haunt RI's Thomas, Uber Cups teams JAKARTA (JP): Illness and injury have cast a shadow over Indonesia's bid to retain the Thomas and Uber Cups, the team doctor said yesterday.Michael Trianto, the Badminton Association of Indonesia's doctor, said the team's chances of success in the...
Thu, 30 Apr 1998
Singer stars in drug trial
Singer stars in drug trial BANDUNG, West Java: Prosecutors are seeking five-month jail terms for a jazz singer, identified as KA, and his girlfriend for possessing marijuana.Prosecutor Tatang Wardjita told a panel of judges presided over by Mohammad Taufik at the Bandung District Court yesterday...
Thu, 30 Apr 1998
The law as helmsman
The law as helmsman Under the New Order the law has still not been able to place itself in a helmsman's position in this country. This is one of the interesting premises made by Yusril Ihza Mahendra in a speech during his confirmation as professor of law in the University of Indonesia's School of...
Thu, 30 Apr 1998
APEC sets priorities at Singapore meeting
APEC sets priorities at Singapore meeting SINGAPORE (AP): A government-business group working to develop the express air delivery business in Asia-Pacific countries is a model for other such efforts to open and build the region's markets, a U.S. official said yesterday.
Thu, 30 Apr 1998
Indocement reports loss
Indocement reports loss JAKARTA (JP): The publicly listed cement maker PT Indocement Tunggal Perkasa announced a net loss of Rp 378 billion (US$47.25 million) in 1997 yesterday. The deficit was due to foreign exchange losses of Rp 1.47 trillion over the same period.
Thu, 30 Apr 1998
Widjaya, YTC join forces
Widjaya, YTC join forces JAKARTA (JP): PT Widjaya Tunggal Sejahtera and Singapore-based hotel operator YTC Hotels are jointly developing a 400-room hotel in Slipi, West Jakarta.The new venture, Hotel Menara Peninsula, is expected to begin operating by the middle of this year.
Thu, 30 Apr 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Kid Pix 3:05 Musical Film 3:30 Science Film: Ticket to Adventure 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Arabic Lessons 5:30 TV Series: Man From Uncle 6:00 News: Lintasan Berita 6:05 My Country: Rona Nusantara...
Thu, 30 Apr 1998
Political jitters hit rupiah and peso in Asia
Political jitters hit rupiah and peso in Asia SINGAPORE (Reuters): Asian currencies snoozed their way through yesterday's session in the absence of the Tokyo market, but the Indonesian rupiah and Philippine peso suffered due to political jitters, dealers said.
Thu, 30 Apr 1998
IMF satisfied with RI reform implementation
IMF satisfied with RI reform implementation JAKARTA (JP): The International Monetary Fund (IMF) is quite satisfied with Indonesia's performance in implementing its ongoing economic reform measures, IMF special envoy Prabhakar Narvekar said yesterday.
Thu, 30 Apr 1998
Too many cigarette ads
Too many cigarette ads As a foreigner who has spent a total of more than six months in Indonesia I feel the need to comment on the overwhelming presence of cigarette advertisements in this country. There seems to be no laws prohibiting the promotion of cigarettes as I am accustomed to in my...
Thu, 30 Apr 1998
Houses that never were
Houses that never were JAKARTA (JP): About 300 people have lodged complaints with police claiming that two property developers, PT Prasetia Pertiwi and PT Duta Cahaya Indosakti, swindled them of Rp 600 million (US$75,000).
Thu, 30 Apr 1998
Triple murder reconstruction held smoothly in Jagakarsa
Triple murder reconstruction held smoothly in Jagakarsa JAKARTA (JP): The reconstruction of a triple murder, said to be one of Jakarta's most brutal, was held at the scene of the crime on Jl. Wahid, Ciganjur subdistrict in Jagakarsa, South Jakarta, under tight security yesterday.
Thu, 30 Apr 1998
Indonesian bank sector reform lagging: S&P's
Indonesian bank sector reform lagging: S&P's JAKARTA (JP): Ratings agency Standard and Poor's (S&P's) of the United States expressed concern yesterday over the restructuring of the banking sector in Indonesia, saying it was not proceeding quickly enough.
Thu, 30 Apr 1998
Maintaining RI-Dutch business relations
Maintaining RI-Dutch business relations Trade and investment relations between Indonesia and the Netherlands are exactly 400 years old this year. This long history explains the strong economic ties between the two countries. Bilateral trade now totals US$1.6 billion per year.
Thu, 30 Apr 1998
Woman fatally hurt at Kopassus HQ
Woman fatally hurt at Kopassus HQ JAKARTA (JP): A woman died in hospital shortly after she was found with a severe chest wound in a cafeteria at the Army's special force (Kopassus) headquarters in Cijantung, East Jakarta, yesterday.City police spokesman Lt. Col. E.
Thu, 30 Apr 1998
U.S. stocks, local concerns pull Asian markets down
U.S. stocks, local concerns pull Asian markets down SINGAPORE (Reuters): A holiday for Japan's depressed markets gave the rest of Asia little respite yesterday as an overnight fall in U.S. stocks and niggling domestic concerns pulled most regional markets lower.
Thu, 30 Apr 1998
Where to go in Bali:
Where to go in Bali:Exhibition * Art Exhibition by W.O.J. Nieuwenkamp (European Artist), at Museum Puri Lukisan, Jl. Raya Ubud, Ubud, Gianyar, Bali (Phone: 0361 975136), 8 a.m. to 4 p.m., April 30. * Ruwatan Bumi, the Earth Purification Ceremony in Taman Budaya, Jl.