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Thu, 09 Apr 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 8, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 9,500.00Austrian shilling 1 578.60 746.50Australian dollar 1 5,076.30 6,123.50Belgian franc 1 204.30 245.50Canadian dollar 1 5,431.
Thu, 09 Apr 1998
Four more Sri Lankans arrested by police
Four more Sri Lankans arrested by police JAKARTA (JP): The Jakarta Police Foreigners Supervision Unit (POA) has arrested another four Sri Lankans for allegedly working without permits and having no passports, a police officer said yesterday.
Wed, 08 Apr 1998
S&P acts on RI banks following IBRA action
S&P acts on RI banks following IBRA action JAKARTA (JP): Global rating agency Standard & Poor's revised Monday its rating of Bank Umum Nasional (BUN), Bank Dagang Nasional Indonesia (BDNI) and Bank Expor Impor Indonesia (Bank Exim) to "NM", or not meaningful.
Wed, 08 Apr 1998
Makindo's profits up
Makindo's profits up JAKARTA (JP): PT Makindo has reported a 32 percent increase in net profits for 1997 to Rp 89.6 billion (US$9.48 million).Makindo said Monday that its total assets expanded 621 percent to Rp 1.07 trillion as of the end of 1997.
Wed, 08 Apr 1998
Governor OKs increase in tap water tariffs
Governor OKs increase in tap water tariffs JAKARTA (JP): Jakarta Governor Sutiyoso approved Monday the 25 percent average increase in tap water tariffs announced by city- owned water company PDAM late last week.Sutiyoso said he would sign a gubernatorial decree legalizing the new tariffs.
Wed, 08 Apr 1998
Govt urged to turn back to agribusiness to beat crisis
Govt urged to turn back to agribusiness to beat crisis JAKARTA (JP): The government should focus on developing the agricultural sector to reduce the country's dependence on imported commodities and to cope with rising unemployment, a noted agriculture analyst said yesterday.
Wed, 08 Apr 1998
Missing people case to be probed
Missing people case to be probed JAKARTA (JP): The National Commission on Human Rights will launch today an investigation into the clash between protesting students and security personnel in Yogyakarta, and the reported disappearance of political activists.Bambang W.
Wed, 08 Apr 1998
Rectors to regulate campus rallies: Minister
Rectors to regulate campus rallies: Minister JAKARTA (JP): Minister of Education and Culture Wiranto Arismunandar said it was up to individual rectors to decide whether student rallies and activities had delved into the forbidden area of "practical politics".
Wed, 08 Apr 1998
U.S. official due in KL, Jakarta over Iran deals
U.S. official due in KL, Jakarta over Iran deals KUALA LUMPUR (Reuters): A senior State Department official will visit Malaysia this week to review an investment by state oil company Petronas in Iran that could trigger U.S. sanctions, a U.S. official said yesterday.
Wed, 08 Apr 1998
Aussie concerned export to RI
Aussie concerned export to RI CANBERRA (Reuters): Australian Industry Minister John Moore said on Monday the Australian government remained concerned about some exports to Indonesia.Moore's comment followed his announcement on Sunday that the government would extend US$250 million in assistance for...
Wed, 08 Apr 1998
Missing in action
Missing in action The violence accompanying the student demonstrations which have erupted in various cities throughout Indonesia over the past couple of weeks is most certainly to be regretted. It is lamentable that injuries have been inflicted on those involved on both sides -- protesters on the...
Wed, 08 Apr 1998
Govt collects 225 kg of gold
Govt collects 225 kg of gold JAKARTA (JP): The Ministry of Finance announced Monday that the government had received gold donations from the public totaling 225.87 kilograms, worth Rp 7.5 billion (US$888,000), since Jan. 20.
Wed, 08 Apr 1998
Dengue fever kills five
Dengue fever kills five JAKARTA (JP): Five out of 519 dengue fever sufferers treated in North Jakarta between January and March died, an official said Sunday."The five were residents of four subdistricts -- Lagoa, Semper Barat, Rawa Badak and Tugu Selatan," Bambang Irawan, head of the North Jakarta...
Wed, 08 Apr 1998
Bank move may cause more worries
Bank move may cause more worries The government has suspended the operation of seven banks and taken over the management of seven others. Economist Kwik Kian Gie discusses the impact of the drastic measure.
Wed, 08 Apr 1998
Goro assigned to assist Bulog
Goro assigned to assist Bulog JAKARTA (JP): Despite the campaign against crony capitalism, the government has assigned a private company partly owned by Hutomo Mandala Putra to assist the State Logistics Agency (Bulog) distribute basic commodities nationwide.
Wed, 08 Apr 1998
Scavengers protest burning of garbage
Scavengers protest burning of garbage JAKARTA (JP): Seventy-five scavengers of the Bantar Gebang garbage dump in Bekasi staged a demonstration at City Hall on Monday protesting the city's decision to burn garbage instead of dumping it at the site.
Wed, 08 Apr 1998
Tourism in a time of crisis
Tourism in a time of crisis Our tourist industry can only lament the decline in tourist arrivals to the country. Hotels are suffering from a lack of guests, tour and travel agents are experiencing decreased ticket bookings and souvenir shops lack buyers.
Wed, 08 Apr 1998
Moslem leaders call for patience
Moslem leaders call for patience JAKARTA (JP): Religious leaders urged millions of Indonesian Moslems celebrating Idul Adha yesterday to remember the virtues of sacrifice and called on them to pray together for the strength to lift the nation out of its economic crisis.
Wed, 08 Apr 1998
Depositors rush to withdraw funds from troubled banks
Depositors rush to withdraw funds from troubled banks JAKARTA (JP): Thousands of anxious depositors rushed to withdraw their deposits Monday from the seven banks placed under the management of the Indonesian Bank Restructuring Agency (IBRA) by the government over the weekend.
Wed, 08 Apr 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film 3:05 Family's Film 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Teen Drama: Science World 5:30 Education Quiz: Cepat Tepat 6:05 My Country: Rona Nusantara 6:15 Sports 6:30 TVRI News (in English) 7:00 Evening News...
Wed, 08 Apr 1998
McDonald's donates garbage truck
McDonald's donates garbage truck JAKARTA (JP): McDonald's Indonesia donated a dump truck to the city administration on Monday as part of the firm's commitment to help improve public sanitation.McDonald's Indonesia president Bambang N.
Wed, 08 Apr 1998
Maluku fishing worries Aussies
Maluku fishing worries Aussies AMBON, Maluku: The Australian government has expressed concern that some Maluku fishermen still use potassium and other toxic chemicals to catch kerapu fish."I became deeply concerned after hearing the explanation from the governor.
Wed, 08 Apr 1998
Kalimantan wants to cash in on gems
Kalimantan wants to cash in on gemsBy Mick Elmore MARTAPURA, East Kalimantan (DPA): Diamond miners in South Kalimantan say their stones have magical powers -- a trait the local government is banking on to boost the economy of the remote and under-developed Indonesian province.
Wed, 08 Apr 1998
On late water bills
On late water bills We would like to thank Mr. Hasan Karman for sending a letter to the editor of Media Indonesia which also appeared in The Jakarta Post (April 4) on his complaint titled KATI's bill comes late. However, we would like to provide an explanation.The late arrival of Mr.
Wed, 08 Apr 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 6, 1998: Buying Selling Rp Rp U.S dollar 1 8,000.00 9,500.00Austrian shilling 1 446.60 728.80Australian dollar 1 4,000.20 6,105.40Belgian franc 1 157.80 239.60Canadian dollar 1 4,102.
Wed, 08 Apr 1998
Bank executives get police protection
Bank executives get police protection JAKARTA (JP): Police have pledged to protect members of the boards of directors of seven suspended banks and another seven under the management of the Indonesian Bank Restructuring Agency (IBRA).City police chief Maj. Gen.
Wed, 08 Apr 1998
Private debt talks to be held in NY
Private debt talks to be held in NY JAKARTA (JP): Negotiations to settle Indonesia's private sector debt of $68 billion will be held in New York mid-April following the conclusion of the first phase of negotiations in Singapore on Monday, Deutsche Bank said in a statement.
Wed, 08 Apr 1998
Obituary
Obituary The governor of the Police College, Maj. Gen. Syech Tarigan, died yesterday afternoon at the age of 53.Tarigan had been treated for some time at Pertamina Hospital in South Jakarta.Antara quoted National Police spokesman Brig. Gen.
Wed, 08 Apr 1998
Moslems observe Idul Adha rite with passion
Moslems observe Idul Adha rite with passion JAKARTA (JP): Jakarta Moslems gathered in mosques, open fields, schools and office compounds yesterday to say the Idul Adha (Islamic Day of Sacrifice) prayers.
Wed, 08 Apr 1998
Fire guts 30 houses in North Jakarta
Fire guts 30 houses in North Jakarta JAKARTA (JP): Fire gutted 30 houses in Jembatan Batu slum area, Pinangsia subdistrict, North Jakarta, on the Islamic Day of Sacrifice yesterday.There were no casualties.
Wed, 08 Apr 1998
Economic reform plus
Economic reform plusFrom MerdekaA clean government that commands respect is the dream of the entire Indonesian nation, a people with a strong sense of morality and ethics. Efforts must continue to be made to see such a government become a reality.
Wed, 08 Apr 1998
Mahathir defends harsh sentence
Mahathir defends harsh sentence KUALA LUMPUR (AP): An 18-month jail term for an opposition member of Parliament has not undermined free speech and democracy, said Prime Minister Mahathir Mohamad.He stressed that justice should be meted out fairly to opposition members as well as government...
Wed, 08 Apr 1998
Japan considering $1b loan for Indonesia
Japan considering $1b loan for Indonesia TOKYO (Reuters): Japan is considering extending US$1 billion in aid to Indonesia in the form of untied loans to help get the country out of its economic crisis, the Export-Import Bank of Japan said yesterday.
Wed, 08 Apr 1998
BASF posts $54m in sales
BASF posts $54m in sales JAKARTA (JP): BASF Indonesia booked Rp 463 billion (US$54.4 million) in total sales for 1997, an increase of 15 percent from 1996.The company, however, did not provide any other income figures.
Wed, 08 Apr 1998
Agung urges transparency in SEA Games sticker sales
Agung urges transparency in SEA Games sticker sales JAKARTA (JP): State Minister of Youth and Sports Affairs Agung Laksono urged the 19th SEA Games (SEAG) underwriting consortium Monday to immediately settle its debts and to be more transparent over its Rp 64 billion deficit.
Wed, 08 Apr 1998
Painters to hold festival in Ubud
Painters to hold festival in Ubud DENPASAR, Bali: About 50 Indonesian painters will take part in a two-week exhibition in Ubud at the Rudana Museum and Gallery, 20 kilometers northeast of here, to celebrate the Indonesian Year of the Arts.
Wed, 08 Apr 1998
New agreement set to be signed today
New agreement set to be signed today JAKARTA (JP): The government is expected to announce the details of its newly revised agreement with the International Monetary Fund (IMF) after the monthly cabinet meeting today.
Wed, 08 Apr 1998
Man gets int'l patent for pump
Man gets int'l patent for pump KUPANG, East Nusa Tenggara (JP): A retired elementary school teacher in Sika, Flores, has received international acclaim for his water pump, an invention now registered at The Hague patent office.
Wed, 08 Apr 1998
Indonesian workers still in high demand
Indonesian workers still in high demand JAKARTA (JP): Despite Malaysia's ongoing deportation of thousands of illegal workers, Indonesians are still in high demand in the international labor market, says an official.
Wed, 08 Apr 1998
Why in Jakarta only?
Why in Jakarta only?From MerdekaWe feel a lot of satisfaction every time we read or hear reports about businesspeople and entertainers donating basic foodstuffs to the less fortunate.Their actions show their concern for the people in the present monetary crisis.
Wed, 08 Apr 1998
PSSI may change playoff system
PSSI may change playoff system JAKARTA (JP): The All Indonesian Soccer Federation (PSSI) is pondering changes to the post-league playoff matches to allow extra time for the national team to regroup ahead of the 2nd Tiger Cup finals.
Wed, 08 Apr 1998
Foreign universities
Foreign universitiesFrom KompasWith respect to the possibility of foreign institutions being allowed to set up universities in Indonesia, I am in agreement with Dr. Mochtar Buchori. It is public assumption that in terms of qualification foreign graduates are better (and perhaps they are) than local...
Wed, 08 Apr 1998
Sembiring becomes Trikora military chief
Sembiring becomes Trikora military chief JAKARTA (JP): Maj. Gen. Amir Sembiring was installed Monday as the new chief of the Trikora Regional Military Command which oversees Maluku and Irian Jaya.Sembiring, a familiar face to the command, is a 1972 graduate of the Armed Forces Academy.
Wed, 08 Apr 1998
Hostels' lucrative trade dries up
Hostels' lucrative trade dries up PURWOKERTO, Central Java: Many initially applauded the removal of streetwalkers from the Baturaden tourist resort a fortnight ago, but now the owners of hundreds of nearby hostels complain they are going bankrupt because no one is using their facilities anymore.
Wed, 08 Apr 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from April 6 to April 12: U.S dollar 1 Rp 8,525.00Austrian shilling 1 659.
Wed, 08 Apr 1998
New firm to manage ailing banks' assets
New firm to manage ailing banks' assets JAKARTA (JP): The government plans to establish a new company to manage the assets of ailing and suspended banks, Minister of Finance Fuad Bawazier said.The company, which will be under the supervision of the Indonesian Bank Restructuring Agency (IBRA), will...
Wed, 08 Apr 1998
Salim cancels plan to buy Danamon stake
Salim cancels plan to buy Danamon stake JAKARTA (JP): Salim Group, the country's largest business conglomerate, and U.S. firm Credit Suisse First Boston (CSFB) announced Monday they had abandoned plans to buy a stake in publicly listed Bank Danamon.
Wed, 08 Apr 1998
Commitment to reform key to recovery
Commitment to reform key to recovery JAKARTA (JP): Indonesia's way out from its worst ever economic crisis does not depend on the substance of the IMF-sponsored economic reforms but on the seriousness in implementing the program, economists have said.
Wed, 08 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 6, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 750 -75 20,000 Alumindo Light Metal 400 -25 150,000...
Wed, 08 Apr 1998
Fire warning network suggested
Fire warning network suggested MANILA (AP): Canada has recommended the formation of a regional warning network to allow quick responses to forest fires in any part of Asia, a Canadian official said yesterday.