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Thu, 29 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan.28, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 600 0 0 AHAP Insurance 350 0 0 Alter Abadi 175 -50 31,000 Alumindo Light Metal 250 0 0 Alumindo Perkasa 250...
Thu, 29 Jan 1998
IMF confident reform to succeed
IMF confident reform to succeed JAKARTA (JP): An International Monetary Fund (IMF) senior official said here yesterday he believed the new banking reforms would help restore confidence in the country's battered economy.IMF Asia-Pacific deputy director Bijan B.
Thu, 29 Jan 1998
CDC to raise stake in Tamara
CDC to raise stake in Tamara JAKARTA (JP): Publicly listed Tamara Bank announced yesterday that its Taiwanese shareholder China Development Corp (CDC) has agreed to increase its stake in the bank up to the maximum allowed percentage.
Thu, 29 Jan 1998
Mutual assistance
Mutual assistanceFrom MerdekaThe monetary turmoil now hitting a number of countries, including Indonesia, have wide repercussions and have affected the prices of daily necessities. In an effort to overcome these problems, the Malaysian and Thai governments have slashed the salaries of high-ranking...
Thu, 29 Jan 1998
Thailand 'wont' follow Jakarta debt freeze'
Thailand 'wont' follow Jakarta debt freeze' BANGKOK (Reuters): Thailand is unlikely to follow Indonesia's path in freezing debt repayments, analysts and economists said yesterday.Although the wobbly baht remains under pressure and has lost more than 50 percent of its value since last July, the Thai...
Thu, 29 Jan 1998
Garuda suspends Idul Fitri flights
Garuda suspends Idul Fitri flights YOGYAKARTA : Garuda Indonesia airways had to suspend four extra pre-Idul Fitri flights scheduled for its Jakarta-Yogyakarta route due to lack of passengers, a spokesman said.
Thu, 29 Jan 1998
WB chief visits Thailand
WB chief visits Thailand BANGKOK (Reuters): World Bank President James Wolfensohn will visit Thailand from Jan 30-Feb 1 to meet senior Thai officials on the latest developments in the crisis-hit country, a bank official said yesterday.
Thu, 29 Jan 1998
ADB to lend RI $32 million
ADB to lend RI $32 million MANILA (AFP): The Asian Development Bank (ADB) said here yesterday that it had approved a 32-million-dollar loan to Indonesia for a conservation project.The loan will go to protecting the 227,000-hectare (560,690- acre) Lore Lindu national park in Central Sulawesi and to...
Thu, 29 Jan 1998
Japanese man stabbed to death, taxi driver sought
Japanese man stabbed to death, taxi driver sought JAKARTA (JP): A Japanese man was stabbed to death and his compatriot wounded when the taxi they were in was robbed in the Cinangka subdistrict of Sawangan in West Java early yesterday.City police spokesman Lt. Col. E.
Thu, 29 Jan 1998
Provinces brace for different Idul Fitri dates
Provinces brace for different Idul Fitri dates JAKARTA (JP): Provincial authorities across the country are bracing for two different Idul Fitri holidays with a call for Moslems to maintain order and harmony.
Thu, 29 Jan 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.
Thu, 29 Jan 1998
Cannabis field found in Sulawesi
Cannabis field found in Sulawesi UJUNGPANDANG, South Sulawesi: Pinrang police found a one- hectare cannabis field in Kalempang, Massiwale, and have arrested two men suspected of owning the field, South Sulawesi police chief Brig. Gen. Ali Hanafiah said here yesterday.
Thu, 29 Jan 1998
Cathay eases confusion
Cathay eases confusion JAKARTA (JP): Cathay Pacific Airways announced yesterday its plan to clarify exchange rates when people buy airline tickets due to the instability of the exchange rates.The company said that in order to meet passengers' expectations, starting Feb.
Thu, 29 Jan 1998
Special area for isolated tribes
Special area for isolated tribes JAMBI: The Ministry of Forestry has pledged to provide a special area for isolated tribes in the province, particularly the famous Anak Dalam tribe, an official of the ministry said yesterday.
Thu, 29 Jan 1998
Six students jailed for murder
Six students jailed for murder JAKARTA (JP): The Central Jakarta District Court sentenced six junior high school students to between one and a half years and two and a half years in jail yesterday for killing a senior high school student in a brawl.
Thu, 29 Jan 1998
Reforms to restore confidence in banking
Reforms to restore confidence in banking The government announced comprehensive programs to restore public confidence in the banking system on Tuesday. Banking consultant Laksamana Sukardi discusses their significance.
Thu, 29 Jan 1998
National dialog
National dialogFrom MerdekaNearly all printed media have reported on a national dialog between critically vocal observers and the government.Muhammadiyah chairman Amien Rais has voiced a great number of opinions on succession and national repentance, and recently suggested a national dialog.
Thu, 29 Jan 1998
Nickel shipped to Pomalaa
Nickel shipped to Pomalaa JAKARTA (JP): Publicly listed mining company PT Aneka Tambang (Antam) had made the first shipment of nickel ore from Gee Island to its ferronickel plant in Pomalaa, Maluku, the company said yesterday.
Thu, 29 Jan 1998
ASEAN regional currencies
ASEAN regional currencies MANILA (AFP): Intra-ASEAN trade using regional currencies will start only after the battered units have stabilized against the U.S. dollar, President Fidel Ramos said yesterday.
Thu, 29 Jan 1998
Australians to help NTT farmers
Australians to help NTT farmers KUPANG, East Nusa Tenggara: Australian businesspeople will train farmers here to process fodder and breed cattle.The head of Australia's Industry and Trade Ministry office, Willem Therik, was quoted by Antara as saying here yesterday that the offer had received a...
Thu, 29 Jan 1998
Where to attend Idul Fitri prayers in the city tomorow
Where to attend Idul Fitri prayers in the city tomorow JAKARTA (JP): As usual, Idul Fitri prayers -- to be held at about 7 a.m. at the end of Ramadan fasting month -- will be held in large mosques, open fields and parking lots in and around the city.
Thu, 29 Jan 1998
Fewer workers seen to try luck in Jakarta
Fewer workers seen to try luck in Jakarta JAKARTA (JP): With ongoing layoffs and the prices of goods skyrocketing due to the economic crisis, many people, particularly blue-collar workers, will refuse to return to the capital after Idul Fitri, a noted sociologist said yesterday.
Thu, 29 Jan 1998
Pop singers, poets sing for good cause
Pop singers, poets sing for good causeBy Helly Minarti JAKARTA (JP): The lineup for Charity Night Two last Sunday was a colorful, some would say bizarre, mix of generations and music genres.Performers like Nia Daniati, famed for her smooth ballads and melancholic singing style, shared center stage...
Thu, 29 Jan 1998
Rupiah, stocks gain footing in thin trade
Rupiah, stocks gain footing in thin trade JAKARTA (JP): The rupiah and share prices continued to gain a footing in thin trade as currency operators and stock investors benefited from the upbeat momentum resulting from the government's new economic measures.
Thu, 29 Jan 1998
Soeharto warns societal issues could spark unrest
Soeharto warns societal issues could spark unrest JAKARTA (JP): President Soeharto warned the nation yesterday that religious, ethnic and societal issues were volatile subjects that could easily spark social unrest in times of severe economic crisis.
Thu, 29 Jan 1998
Strange atmosphere hovers over every corner of Indonesia
Strange atmosphere hovers over every corner of IndonesiaBy Y.B. Mangunwijaya JAKARTA (JP): Everybody knows who the culprits are in the economic calamities and the free fall of the rupiah.Everybody smiles bitterly at the hollow rhetoric of the powerful elite, urging patience from victimized and...
Thu, 29 Jan 1998
Cinese New Year passes quietly
Cinese New Year passes quietly JAKARTA (JP): Following Governor Sutiyoso's appeal, families of Chinese descent in the city celebrated their New Year quietly yesterday.A feeling of silence blanketed downtown Glodok, the city's Chinatown in West Jakarta which is a favorite place to buy electronic...
Thu, 29 Jan 1998
Private banks start seeking govt guarantee
Private banks start seeking govt guarantee JAKARTA (JP): Dozens of private domestic banks started seeking Bank Indonesia's guarantee on their liabilities to lure back depositors yesterday.Masyhud Ali, president of Bank Putera Multikarsa, said executives or owners of local foreign exchange banks...
Thu, 29 Jan 1998
10 killed, 21 injured in bus collision
10 killed, 21 injured in bus collision WONOGIRI, Central Java: Ten people were killed and 21 others injured when a minivan and a minibus collided here in Bulusulur village Tuesday afternoon, police said.
Thu, 29 Jan 1998
RI banking sector reforms draw wary response in U.S.
RI banking sector reforms draw wary response in U.S. NEW YORK (Reuters): The Indonesian government's banking and corporate sector reforms offered a glimmer of hope that steps may finally be taken to shore up the financial system, U.S.-based analysts and banking sources said.
Thu, 29 Jan 1998
Price of fresh milk up
Price of fresh milk up JAKARTA (JP): The Union of Indonesian Dairy Cooperatives (GKSI) and local milk-processing industries have agreed to raise the price of local fresh milk from cooperatives to processing industries by 21 percent to Rp 850 per liter from Rp 702 per liter starting Feb. 1.
Thu, 29 Jan 1998
SilkAir clarifies
SilkAir clarifies We would like to refer to The Jakarta Post's publication of an article titled "Inspection on Boeing 737s" on the page 11 of the paper's Jan. 9 edition. The article said that investigators of last month's SilkAir crash believed attachments were missing on the horizontal stabilizers...
Thu, 29 Jan 1998
Kupang wants five-day week
Kupang wants five-day week JAKARTA (JP): Kupang regency chief Paul Lawa Rihi has come up with a novel idea to make up for the government's decision to freeze the pay of his employees: work fewer hours.Paul proposed a return to the five-day working week, which was tried briefly but abandoned last...
Thu, 29 Jan 1998
Military remains on alert for riots in C. Java towns
Military remains on alert for riots in C. Java towns JAKARTA (JP): Soldiers and police remained on alert yesterday in anticipation of a possible spread of unrest in Central Java's Rembang regency, following two minor disturbances in the regency's coastal towns of Kragan and Sarang earlier this week.
Thu, 29 Jan 1998
Plywood cartel goes
Plywood cartel goes The plywood cartel will end on Monday provided politically well connected businesspeople cannot have their way and revive it in another form. Minister of Industry and Trade Tunky Ariwibowo has issued four rulings which abolish the plywood joint marketing boards of the Indonesian...
Thu, 29 Jan 1998
Telkom compensation for projects likely
Telkom compensation for projects likely CIREBON, West Java (JP): PT Telkom president Asman Akhir Nasution said here yesterday his company would consider compensating the price escalation resulting from the currency crisis to contractors of ongoing projects.
Thu, 29 Jan 1998
'Sri' movie may signal coming of artistic wave
'Sri' movie may signal coming of artistic waveBy Rayya Makarim JAKARTA (JP): Amid Hollywood blockbusters, trendy sinetron teleserials and the far from resolved monetary crisis, this year is surprising us with yet another awakening of the Indonesian film industry.
Thu, 29 Jan 1998
Foreigners still reluctant to enter property sector
Foreigners still reluctant to enter property sector JAKARTA (JP): Despite the already bargain level in Indonesia's property sector, overseas investors remained hesitant to enter into the sector, analysts said yesterday.
Thu, 29 Jan 1998
RI team named for Tour de Langkawi
RI team named for Tour de Langkawi JAKARTA (JP): The West Java chapter of the Indonesian Cycling Association has announced the six cyclists who will represent the country in the Tour de Langkawi in Malaysia next month.
Thu, 29 Jan 1998
Retailers may survive for another six months
Retailers may survive for another six months JAKARTA (JP): The country's large retailers would manage to survive the economic crisis for another six months, but many would go bankrupt if the situation kept worsening, Association of Indonesian Retailers (Aprindo) executive director Kustarjono...
Wed, 28 Jan 1998
Futures commodity trading may start next year
Futures commodity trading may start next year JAKARTA (JP): The government has begun working on the implementation of a law on the futures commodity exchange, which is expected to start operating next year, an official said yesterday.
Wed, 28 Jan 1998
Program for the rehabilitation of Indonesian banks
Program for the rehabilitation of Indonesian banks JAKARTA (JP): The following is the full text of a statement on the Indonesian banking reform issued by the government here yesterday.In order to restore the confidence of depositors and creditors -- domestic and foreign -- in the Indonesian banking...
Wed, 28 Jan 1998
Two people die in diarrhea outbreak
Two people die in diarrhea outbreak KUPANG, East Nusa Tenggara: Two people have died and 865 others have been hospitalized in the latest diarrhea outbreak in the Sumba Barat regency of the province's island of Sumba.
Wed, 28 Jan 1998
Producers allege CPO smuggling
Producers allege CPO smuggling JAKARTA (JP): Crude palm oil (CPO) producers in North Sumatra have urged the Attorney General's Office to investigate alleged CPO smuggling by PT Bukit Kapur Reksa through the Riau seaport of Dumai.
Wed, 28 Jan 1998
Can 'Asian values' help Asian economies out of crux?
Can 'Asian values' help Asian economies out of crux?By Muhadi Sugiono YOGYAKARTA (JP): The Asian economic crisis has once again brought the debate over "Asian values" to the fore.Previously, as Asian countries enjoyed high levels of economic growth, many believed that the Asian economic "miracle"...
Wed, 28 Jan 1998
Freeze to debt servicing proposed
Freeze to debt servicing proposed JAKARTA (JP): The government proposed yesterday a temporary halt in servicing Indonesia's huge foreign corporate debt in a bid to ease pressure on the beleaguered rupiah to allow time for negotiations.
Wed, 28 Jan 1998
PWI urges publications not to dismiss journalists
PWI urges publications not to dismiss journalists JAKARTA (JP): Chairman of the Indonesian Association of Journalists (PWI) Sofjan Lubis asked all publications yesterday not to dismiss employees as a way of surviving the monetary crisis.
Wed, 28 Jan 1998
The Idul Fitri spirit
The Idul Fitri spirit Idul Fitri, which falls either tomorrow or Friday, is always regarded as a time to rejoice. It is a most appropriate way to mark the end of the Ramadhan fasting month, during which Moslems are required to control their emotions and exercise restraint as a way of bringing...
Wed, 28 Jan 1998
ABRI donates 200 tons of rice
ABRI donates 200 tons of rice SURABAYA, East Java: The Armed Forces (ABRI) here have donated 200 tons of rice to 33 drought-stricken villages in the province.East Java Military Chief Maj. Gen. Djaja Suparman told reporters here Monday that the contribution showed ABRI's concern about the plight of...
Wed, 28 Jan 1998
Amien Rais warns against violent political reform
Amien Rais warns against violent political reform JAKARTA (JP): Politician Amien Rais, who is running for the 1998/2003 presidency, reiterated yesterday that political reform was the answer to the ongoing monetary crisis but warned against sudden and violent state leadership succession.