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Wed, 04 Mar 1998
Bud of hyper-inflation
Bud of hyper-inflation A 12.76 percent rate of inflation last month, almost double the general price rise in January and way above last year's 11.05 percent rate of inflation, could be the bud of hyper-inflation if the rupiah remains weak and unstable for much longer.
Wed, 04 Mar 1998
RP out of IMF sick ward
RP out of IMF sick ward MANILA (Reuters): President Fidel Ramos yesterday compared the Philippines to a fully recovered patient of the International Monetary Fund, leaving the sick ward this month as its once healthy neighbors hobbled in for treatment.
Wed, 04 Mar 1998
Britain moots ASEM trust fund
Britain moots ASEM trust fund BANGKOK (AFP): Britain mooted yesterday setting up an "ASEM trust fund" to provide assistance to struggling Asian economies, British and European Union (EU) officials said in Bangkok.
Wed, 04 Mar 1998
Team formed to trace killer
Team formed to trace killer SEMARANG, Central Java: The Kudus police precinct has formed a special team to trace the killer of a woman whose boneless remains were found in a ditch near Jati Wetan livestock market Saturday.The head of the precinct, Lt. Col.
Wed, 04 Mar 1998
TV today
TV todayTVRI 7:00 a.m. Morning News 7:30 Talk Show 8:00 Breaking News 8:10 Music 9:00 Breaking News 9:10 Profile: Paket Profil Pembangunan 9:27 Music 10:10 Talk Show 10:40 Music 11:00 TVRI News 11:15 Music 11:40 Profile: Paket Profil Politisi 12:00 p.m.
Wed, 04 Mar 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 3, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 800 50 62,500 AHAP Insurance 400 0 0 Alter Abadi 525 0 5,000 Alumindo Light Metal 400 75 3,586,000...
Wed, 04 Mar 1998
MPR reminded to heed workers' aspirations
MPR reminded to heed workers' aspirations JAKARTA (JP): Indonesia's only sanctioned labor union called on the People's Consultative Assembly (MPR) yesterday to draw up State Policy Guidelines which prioritized workers' welfare and the creation of new jobs.
Wed, 04 Mar 1998
Brick by brick, Abbas lays foundation for development
Brick by brick, Abbas lays foundation for development KUNINGAN, West Java (Antara): It is backbreaking work making bricks for a living, but Abbas is content with his life.It brings with it a feeling of satisfaction for this modest man from Pendeyrawey hamlet in Cikananga village of Kuningan...
Wed, 04 Mar 1998
RP concerned over satellite
RP concerned over satellite MANILA (AFP): Philippine foreign secretary Domingo Siazon cautioned China yesterday against any move to install satellite facilities on a reef in the disputed Spratly islands.
Wed, 04 Mar 1998
Controversial timber estate ready for harvest
Controversial timber estate ready for harvestBy Sylvia Gratia M. Nirang SUBANJERIJI, South Sumatra (JP): After facing sharp criticism from environmental bodies since the early stages of its inception, PT Musi Hutan Persada (MHP) is now ready to harvest part of its 193,500-hectare timber estate.
Wed, 04 Mar 1998
PDI donates session honorariums
PDI donates session honorariums JAKARTA (JP): The "I Love My Homeland" drive, initiated by People's Consultative Assembly member Siti Hardiyanti Rukmana who sold U.S. dollars for rupiah, returned to the spotlight yesterday after a period of inertia.
Wed, 04 Mar 1998
Mondale's mission
Mondale's mission U.S. President Clinton's special emissary, former U.S. vice president Walter Mondale, has officially come to Indonesia to discuss the economic crisis with President Soeharto. But speculation has arisen on both sides of the Pacific over the real nature of his mission.
Wed, 04 Mar 1998
Boom and bust: Natural cycle hits Indonesia hard
Boom and bust: Natural cycle hits Indonesia hardBy Sri Pamoedjo Rahardjo JAKARTA (JP): The monetary fiasco in Indonesia is proving to be a complicated situation. Heads of states and directors of international organizations have visited our shores offering all kinds of solutions and financial...
Wed, 04 Mar 1998
Clean cabinet campaign gains momentum
Clean cabinet campaign gains momentum JAKARTA (JP): The push for cleaner government stepped up a gear yesterday, as People's Consultative Assembly legislators and observers debated whether would-be cabinet ministers should declare their personal wealth.
Wed, 04 Mar 1998
Soeharto's spech 'incomplete'
Soeharto's spech 'incomplete' JAKARTA (JP): The ousted leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, said yesterday that President Soeharto's accountability speech was incomplete as it did not include sufficient details on issues such as political development.
Wed, 04 Mar 1998
Vice president
Vice president As a retired civil servant I was interested in Gen. (ret.) Sayidiman Suryohadiprojo's article Foreigners questionable agenda, Feb. 20, 1998. Sayidiman was unhappy with the opinion of former U.S.
Wed, 04 Mar 1998
Unsold plywood stock totals 1.2 million cubic meter
Unsold plywood stock totals 1.2 million cubic meter JAKARTA (JP): At least 1.2 million cubic meters of unsold Indonesian plywood have accumulated in warehouses over the past two months due to a sharp drop in demand of plywood overseas, the Association of Indonesian Wood Panel Producers (Apkindo)...
Wed, 04 Mar 1998
Spotlight
SpotlightPhoto A: HiltonJakarta Hilton InternationalVIP GUEST: Slovakia's Minister of Foreign Affairs Zdenka Kramplova (second from left) and the Ambassador of Slovakia for Indonesia, Peter Ambrovic (third from right), are escorted by Michael Nigitsch, general manager of Jakarta Hilton...
Wed, 04 Mar 1998
Asian currencies soften over Indonesian uncertainty
Asian currencies soften over Indonesian uncertainty SINGAPORE (Reuters): Asian currencies drifted lower in slow trade late yesterday as uncertainty over Indonesia and a lack of fresh impetus elsewhere dampened interest.Indonesia remained in the spotlight as visiting U.S.
Wed, 04 Mar 1998
Passports of 15 Sri Lankans found
Passports of 15 Sri Lankans found JAKARTA (JP): Police have located the passports belonging to 15 Sri Lankans who were arrested Thursday at Soekarno-Hatta International Airport for attempting to travel abroad without the necessary documents.City police spokesman Lt. Col. E.
Wed, 04 Mar 1998
UK colleges offer help amid crisis
UK colleges offer help amid crisis JAKARTA (JP): At least 33 British universities and colleges are offering help to Indonesian students intending to study overseas on how to beat the monetary crisis, a British Council executive said yesterday.
Wed, 04 Mar 1998
Proposed bus fare increase prompts public outcry
Proposed bus fare increase prompts public outcry JAKARTA (JP): Councilors and commuters voiced yesterday their opposition to a proposed fare increase for city buses and minibuses of between 70 percent and 150 percent.
Wed, 04 Mar 1998
Obituary
Obituary Maska Ridwan, a Golkar member of the House of Representatives and People's Consultative Assembly, died yesterday morning at Mitra Keluarga Hospital in East Jakarta, where he had been treated for a stroke in the past week.
Wed, 04 Mar 1998
Ananda tests Mugello circuit
Ananda tests Mugello circuit JAKARTA (JP): Indonesian Formula 3 racer Ananda Mikola had the opportunity to test the Mugello circuit in Italy and did not experience any obstacles."I am satisfied with the test and I am grateful for the cooperation between the Marlboro Humpuss team and RC Motorsport...
Wed, 04 Mar 1998
Forest fire losses may exceed Rp 100b
Forest fire losses may exceed Rp 100b JAKARTA (JP): The fires that have ravaged more than 20,000 hectares of brush and forest in East Kalimantan over the last two months have incurred Rp 76.2 billion in losses for Indonesia.
Wed, 04 Mar 1998
Minority, dominant factions differ on reforms
Minority, dominant factions differ on reforms JAKARTA (JP): The minority parties pressed ahead yesterday with their demands for clean governance and political reform to be included in the State Policy Guidelines for the next five years while government factions in the People's Consultative Assembly...
Wed, 04 Mar 1998
Catch of the day at Pluit Fish Market
Catch of the day at Pluit Fish Market For even the most avid seafood connoisseur, the pungent odor of a fish market may rank up there with hospitals and garbage dumps as the place you least want to visit on a regular basis.
Wed, 04 Mar 1998
Thai rice for Indonesia
Thai rice for Indonesia BANGKOK (Reuters): Thailand is expected to sell at least 1.5 million tons of rice to Indonesia this calendar year from the country's projected total import demand of 5.0 million tons, a senior Thai trade source said yesterday.
Wed, 04 Mar 1998
Perumka carries 3.8m passengers
Perumka carries 3.8m passengers BANDUNG, West Java: State-owned railway company Perumka transported more than 3.8 million passengers during the 30-day Idul Fitri exodus, starting from Jan. 15, the company's spokesman said yesterday.
Wed, 04 Mar 1998
StanChart's Brougham stays
StanChart's Brougham stays LONDON (Reuters): Banking group Standard Chartered Plc said yesterday that director David Brougham is to remain on the board following his appointment as chairman of the creditors' committee established for Indonesia.
Wed, 04 Mar 1998
Stocks jump on stable political situation
Stocks jump on stable political situation JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) rose for a second consecutive day yesterday, with the main price index gaining 4.4 percent at the close of trading.
Wed, 04 Mar 1998
How critical is the role of the vice presidency?
How critical is the role of the vice presidency?By Pandaya JAKARTA (JP): The raging debate on who will become the republic's next vice president has died down since all of the five political factions that make up the 1,000-strong People's Consultative Assembly picked B.J.
Wed, 04 Mar 1998
PT ARG declines to comment on sticker sales deal
PT ARG declines to comment on sticker sales deal JAKARTA (JP): PT Angkasa Rona Graha (ARG), which was appointed to raise funds for last year's 19th SEA Games through the sale of stickers, declined to comment on its extended contract to raise funds until April 30, 1998.
Wed, 04 Mar 1998
Students launch hunger strikes, call for reform
Students launch hunger strikes, call for reform JAKARTA (JP): More university students in Java staged protests yesterday demanding political reforms and lower prices for basic foodstuffs.As the 11-day General Session of the People's Consultative Assembly (MPR) entered its third day, seven students...
Wed, 04 Mar 1998
Bob Hasan's fan club
Bob Hasan's fan club JAKARTA (JP): Reporters on a quest for the great quote of the day are not the only people tracking timber tycoon Muhammad "Bob" Hasan these days.As the member of the People's Consultative Assembly was attacked with "tough questions" from swarming reporters Monday, a young woman...
Wed, 04 Mar 1998
Garuda cuts domestic, international flights
Garuda cuts domestic, international flights JAKARTA (JP): State-owned airline Garuda Indonesia has cut the frequency of its domestic and international flights 26 percent and 30 percent respectively as a response to lower ticket sales due to the economic crisis.
Wed, 04 Mar 1998
USDA plans Indonesian aid
USDA plans Indonesian aid WASHINGTON (Reuters): The U.S. Agriculture Department is still considering extending PL480 program assistance to help financially struggling Indonesia buy U.S. agricultural goods, a USDA aide said Monday.
Wed, 04 Mar 1998
Japan provides new $158 million loan to Jakarta
Japan provides new $158 million loan to Jakarta JAKARTA (JP): The Japanese government has agreed to provide a 20 billion (US$158 million) quick disbursement loan to support Indonesia's human resource development.
Wed, 04 Mar 1998
Album
AlbumPhoto A: ChiefsJP/obyCHIEFS' HUDDLE: Armed Forces faction Assembly members National Police chief Gen. Dibyo Widodo (left), Navy Chief of Staff Adm. Arief Kushariadi (center) and Air Force Chief of Staff Marshal Sutria Tubagus, exchange thoughts during a meeting.
Wed, 04 Mar 1998
Oil hovers above $14, waits for Saudi word
Oil hovers above $14, waits for Saudi word LONDON (Reuters): Oil prices hovered just above US$14 a barrel on Monday as traders waited to see if OPEC kingpin Saudi Arabia would heed calls for an emergency meeting of the cartel to discuss a glut in world oil supplies.
Wed, 04 Mar 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 3, 1998: Buying Selling Rp Rp U.S dollar 1 8,250.00 10,250.00Austrian shilling 1 593.10 804.30Australian dollar 1 5,339.30 6,764.40Belgian franc 1 209.40 264.30Canadian dollar 1 5,538.
Wed, 04 Mar 1998
Clinton wants RI to stick to IMF plan
Clinton wants RI to stick to IMF plan JAKARTA (JP): U.S. President Bill Clinton said yesterday that pursuing economic reforms agreed with the International Monetary Fund (IMF) remained the best way for Indonesia to overcome the economic crisis.
Wed, 04 Mar 1998
Members reject suggestions to cut Assembly session short
Members reject suggestions to cut Assembly session short JAKARTA (JP): People's Consultative Assembly members dismissed suggestions yesterday that the 11-day General Session be shortened as the Rp 44.7 billion (US$5 million) event was marching smoothly toward its foregone conclusions.
Wed, 04 Mar 1998
Riot act for foreign hacks
Riot act for foreign hacks JAKARTA (JP): A Golkar news conference for foreign correspondents ended with a legislator reading them the riot act yesterday over the way international media were portraying Indonesia.After going to the trouble to explain Golkar's stand on current affairs, Theo L.
Wed, 04 Mar 1998
Analysts urge govt to tackle inflation
Analysts urge govt to tackle inflation JAKARTA (JP): Economists are urging the government to continue economic reforms and secure adequate stocks of basic staples to prevent hyperinflation in the country's economy.
Wed, 04 Mar 1998
Weightlifting association to punish wayward athletes
Weightlifting association to punish wayward athletes JAKARTA (JP): The Indonesian Weightlifting, Powerlifting and Bodybuilding Association's secretary-general, Djoko Pramono, told reporters yesterday that undisciplined athletes, even if they were world champions, must be punished.
Wed, 04 Mar 1998
Journalist fools journalist
Journalist fools journalist JAKARTA (JP): "Foreign journalists are here (in the city) like they are watching a rumbling volcano that may erupt any time soon," said a local reporter working as a stringer for an American news agency.
Wed, 04 Mar 1998
Refinery closure causes few oil ripples
Refinery closure causes few oil ripples SINGAPORE (Reuters): The closure of Indonesia's 125,000 barrels-per-day (bpd) Balongan refinery was unlikely to prompt a pick up in oil product imports in March, traders said yesterday.
Wed, 04 Mar 1998
Indonesia currency board must be ambitious: Hanke
Indonesia currency board must be ambitious: Hanke WASHINGTON (Agencies): A key economic adviser to President Soeharto said the currency board he envisions for Indonesia should be considerably more ambitious than those in other countries, the Washington Post reported Tuesday.
Wed, 04 Mar 1998
Foreign investors eye RI property market
Foreign investors eye RI property market JAKARTA (JP): Billions of dollars worth of property in the country could be bought up by foreign investors by the end of the year, a real estate analyst said yesterday.