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Tue, 27 Jan 1998
Farmers, coops told to coordinate clove trading
Farmers, coops told to coordinate clove trading JAKARTA (JP): Farmers and cooperatives are expected to coordinate clove trading after the Clove Marketing and Buffer Stock Agency (BPPC) pulls out from the commodity's trading in July this year, a senior official says.
Tue, 27 Jan 1998
People get more confused
People get more confusedFrom MerdekaIn the last few days, stickers have been made bearing the slogan "I love Rupiah".This confuses me since I cannot see who actually does not love rupiah. Without exception, common people like me, accounting for over 98 percent of the population, love rupiah...
Tue, 27 Jan 1998
Govt abolishes plywood cartel
Govt abolishes plywood cartel JAKARTA (JP): Wood processing companies are rejoicing over the dismantling of the plywood cartel within the Indonesian Wood Panel Association (Apkindo) as they will be able to deal directly with buyers overseas starting Feb. 2.
Tue, 27 Jan 1998
Rp 1.8 trillion allocated to ease unemployment
Rp 1.8 trillion allocated to ease unemployment JAKARTA (JP): The government has allocated Rp 1.8 trillion (US$138 million) in the draft 1998/1999 state budget for labor- intensive projects designed to ease the worsening unemployment crisis, a minister said yesterday.
Tue, 27 Jan 1998
Vietnam coffee out of market
Vietnam coffee out of market SINGAPORE (Reuters): Vietnam robusta exporters were out of the Asian coffee market on Monday at the start of the Tet Lunar New Year holidays in their country, dealers said.But small-lot selling of Thai and Indonesian origins were seen in an otherwise lethargic market,...
Tue, 27 Jan 1998
Holidays keeps rubber trade quiet
Holidays keeps rubber trade quiet SINGAPORE (Reuters): The Southeast Asian rubber market will be quiet this week because of the Lunar New Year and Moslem Eid al- Fitr holidays in several key rubber-producing countries, dealers said on Monday.
Tue, 27 Jan 1998
Lampung has new governor
Lampung has new governor BANDAR LAMPUNG, Lampung: Minister of Home Affairs Moch. Yogie SM installed yesterday Oemarsono as Lampung governor replacing Lt. Gen. (ret.) Poedjono Pranyoto who ended his tenure after serving two consecutive terms.
Tue, 27 Jan 1998
Intervention props up rupiah to 12,250 against greenback
Intervention props up rupiah to 12,250 against greenback JAKARTA (JP): The rupiah enjoyed a comparative respite yesterday, closing at 12,250 against the American dollar, amid fears of a possible corporate debt moratorium.
Tue, 27 Jan 1998
Economic woes and the need for political reform
Economic woes and the need for political reformBy Hendardi JAKARTA (JP): Economic interest and programs have given the New and Old Order governments different political characters.When it came to power in the latter half of the 1960s, the New Order government claimed to be committed to pursuing...
Mon, 26 Jan 1998
Business gloomy in Tanah Abang market
Business gloomy in Tanah Abang market JAKARTA (JP): Business is not as usual at the Tanah Abang market, one of the city's biggest centers for garments and textiles in Central Jakarta, in the lead-up to this year's Idul Fitri.
Mon, 26 Jan 1998
Asian airlines slash fares to boost outbound travel
Asian airlines slash fares to boost outbound travel SINGAPORE (Reuters): Some airlines in Asia have slashed fares to boost outbound travel, anticipating tougher times when this month's holiday mood evaporates, airline officials said.
Mon, 26 Jan 1998
Free motor oil for travelers
Free motor oil for travelers SEMARANG, Central Java: The Central Java branch of the state- owned oil company PT Pertamina will give free motor oil from Jan. 23 to Feb. 7 to the lucky owners of certain vehicles passing certain gas stations in the province.Local official F.
Mon, 26 Jan 1998
Insurance firms must merge to boost capacities
Insurance firms must merge to boost capacities JAKARTA (JP): Indonesian insurance companies should follow the banking industry's merger move to boost their underwriting capacities, a senior insurance executive has said.Insurance council chairman Moenir B.
Mon, 26 Jan 1998
Radio stations feel the pinch of crisis
Radio stations feel the pinch of crisis YOGYAKARTA (JP): Following in the footsteps of the print and television media, private radio stations are now beginning to feel the pinch of the monetary crisis with advertising revenue declining by as much as 60 percent.
Mon, 26 Jan 1998
Proud to be part of RI's success story
Proud to be part of RI's success story Indonesia is the closest neighbor to Australia compared to other ASEAN countries and has become one of the most attractive markets for Australia.The trade relationship between the two countries has been growing considerably over the past few years.
Mon, 26 Jan 1998
PLN's rating lowered as crisis goes on
PLN's rating lowered as crisis goes on JAKARTA (JP): The country's sole rating agency, Pefindo, has downgraded the rating of state-owned electricity company PLN's bonds from AA+ to AA- with a negative outlook as the current monetary crisis is severely affecting the company's financial performance.
Mon, 26 Jan 1998
IMF must share responsibility
IMF must share responsibility It has been more than seven days since the Indonesian government signed a letter of intent with the International Monetary Fund. At that time, people hoped that the crisis would soon end, or at the very least, that the value of the dollar would stop skyrocketing.
Mon, 26 Jan 1998
Queensland and RI: Long-term partners
Queensland and RI: Long-term partners The state of Queensland in Australia enjoys a long-term partnership with Indonesia that endures despite the rise and fall of economic fortunes in our region.Present economic difficulties have not dulled the appetite of Queensland companies to seek out...
Mon, 26 Jan 1998
The risk and reward of being an amateur currency trader
The risk and reward of being an amateur currency traderBy Tedy Novan YOGYAKARTA (JP): Yogyakarta's money changers are seeing newcomers in currency trading. Busy sites include PT Baruman Abadi at Hotel Garuda, Bank Dagang Negara and Bank BNI.
Mon, 26 Jan 1998
Do not stop with dollars
Do not stop with dollarsFrom NeracaThe "Love rupiah" campaign has become a trend setter. Within one week after Mrs. Siti Hardiyanti Rukmana exchanged dollars for rupiah, government officials, business tycoons and the rich in general have gone to the banks to follow suit.
Mon, 26 Jan 1998
KWI urges Catholics to pray for President
KWI urges Catholics to pray for President JAKARTA (JP): The Indonesian Bishops Conference (KWI) has urged Catholics to pray for the President and the government to be given clarity of thought and strength when taking tough decisions to lift the country out of its economic doldrums.
Mon, 26 Jan 1998
Bank Dharmala's rating cut
Bank Dharmala's rating cut JAKARTA (JP): The country's only rating agency, PT Pemeringkat Efek Indonesia (Pefindo), announced Saturday that it had lowered the corporate rating of the publicly listed Bank Dharmala to idBBB- from idBBB+, with a negative outlook.
Mon, 26 Jan 1998
Battered rupiah remains a barrier to stock trading
Battered rupiah remains a barrier to stock trading JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to further weaken this week due to continued uncertainty over the battered rupiah.
Mon, 26 Jan 1998
More judges needed in Padang
More judges needed in Padang PADANG, West Sumatra: The chief justice at Padang State Administrative Court, Suparno, said the area was still in desperate need of judges."The Padang court only has 10 judges who are divided into four committees, while the minimum is 15 judges for five committees,"...
Mon, 26 Jan 1998
Medan airport authorities seize Rp 271 million
Medan airport authorities seize Rp 271 million MEDAN, North Sumatra (JP): Security officials at Medan's Polonia airport seized Rp 271 million from six separate passengers leaving for Singapore Saturday, because they allegedly broke a 34-year-old law prohibiting people from carrying more than Rp...
Mon, 26 Jan 1998
Reforms not seen hurting dairy producers
Reforms not seen hurting dairy producers JAKARTA (JP): The government's recent decision to liberalize the import of dairy products will not pose a major problem to local producers, a senior official said.
Mon, 26 Jan 1998
Asia feels the bite of higher interest rates
Asia feels the bite of higher interest rates SINGAPORE (AFP): Asian nations embroiled in financial turmoil are struggling against interest rates pushed sharply higher to defend their currencies, but which are taking a toll on their economies.
Mon, 26 Jan 1998
RI's budget aside, investors await bank plan
RI's budget aside, investors await bank plan NEW YORK (Reuters): U.S. investors on Friday shrugged off the Indonesian government's revised budget and waited for it to announce programs to deal with Indonesia's banking sector difficulties.
Mon, 26 Jan 1998
Assembly reluctant to make changes
Assembly reluctant to make changesBy Dwi Atmanta JAKARTA (JP): Two months of deliberation in the People's Consultative Assembly concluded last week with an inevitable resolution that silenced calls for a political overhaul.
Mon, 26 Jan 1998
Challenges facing the MPR
Challenges facing the MPR In just little more than a month Indonesia's highest lawmaking institution, the People's Consultative Assembly (MPR), will begin its 10-day general assembly to deliberate topics and policies that may have the most far-reaching consequences for this country.
Mon, 26 Jan 1998
The Asian crisis: Towards democracy?
The Asian crisis: Towards democracy?By Gwynne Dyer This is the last in a three-part series of articles examining the economic, social, and political implications of the crisis that began in Asia and now threatens to involve the entire world.
Mon, 26 Jan 1998
Corpse gets a free ride
Corpse gets a free ride JAKARTA (JP): A North Sulawesi teacher moonlighting as an ojek (motorcycle taxi) driver came home a hero after he took a corpse on a 150-kilometer, midnight journey through a jungle.
Mon, 26 Jan 1998
Dollar quotations
Dollar quotations Despite the launch of the high-profile "Love Rupiah" campaign, some local suppliers of raw material have lately started to quote their prices in U.S. dollars for local supplies.Room rates at star-rated hotels, airline tickets for international travel, office and apartment rents...
Mon, 26 Jan 1998
12 die, two missing in ship accident
12 die, two missing in ship accident SAMARINDA, East Kalimantan: Twelve people died and two others went missing when a ship capsized last Thursday in the Labuangkallo waters in Tanjungaru subdistrict of East Kalimantan's regency of Pasir, a report said yesterday.
Mon, 26 Jan 1998
The search for dollar profit: A tale of two cities
The search for dollar profit: A tale of two citiesBy Stevie Emilia and Tedy Novan JAKARTA (JP): "Hurry up, change all your dollars into rupiah now or you will suffer a great deal. The rupiah's value is strengthening..." a man on a cellular phone said at a Gunung Agung money changer here.
Mon, 26 Jan 1998
Sumitro's statement
Sumitro's statementFrom KompasI agree with Sumitro Djojohadikusumo's statement regarding the crisis saying that "the problem now is not monetary any longer" (Kompas, Jan. 11). What is the meaning of a nation if the people only focus on economic, technological and other matters which are viewed as...
Mon, 26 Jan 1998
Firms' travel freebies speed up holiday exodus
Firms' travel freebies speed up holiday exodus JAKARTA (JP): With the monetary crisis hitting workers hard, some major companies have given employees free tickets back to their hometowns in West, Central and East Java to celebrate Idul Fitri.
Mon, 26 Jan 1998
Thieves steal Rp 66m in two robberies
Thieves steal Rp 66m in two robberies JAKARTA (JP): Police are searching for five men who were involved in two separate bank robberies over the weekend in West and Central Jakarta.City police spokesman Lt. Col. E.
Mon, 26 Jan 1998
RI market offers Australia new opportunities
RI market offers Australia new opportunities Bilateral trade with Indonesia grew by 30 percent last financial year to a total figure in excess of A$5 billion. It is now Australia's 10th largest trading partner and will soon be its biggest partner in the region.
Mon, 26 Jan 1998
Forest fires threaten Kalimantan
Forest fires threaten Kalimantan JAKARTA (JP): After weeks of rain that has brought respite from last year's drought, forests in Kalimantan are again under threat of fire, Antara reported over the weekend.
Mon, 26 Jan 1998
Oka sends letter of resignation
Oka sends letter of resignation DENPASAR, Bali (JP): Bali Governor Ida Bagus Oka said Saturday he had sent in his letter of resignation to President Soeharto.The governor said the letter was submitted Jan. 16 through the Ministry of Home Affairs.
Mon, 26 Jan 1998
Air France to add flight to Paris-Jakarta route
Air France to add flight to Paris-Jakarta route JAKARTA (JP): Air France says it will go ahead with its expansion plan to add another flight serving the Paris-Jakarta route this year, despite the country's economic slowdown.
Mon, 26 Jan 1998
Victoria's business opportunities
Victoria's business opportunities The Victorian Government Business Office in Jakarta is developing networks with Indonesian companies, industries and government to identify and secure investment and trade opportunities.
Mon, 26 Jan 1998
Trade and Investment -- Australia's potential
Trade and Investment -- Australia's potential Far-reaching structural reform and opening of the economy to global competition over the past decade has made Australia a more competitive exporter of a diverse range of goods and services, and an increasingly attractive location for foreign investment.
Mon, 26 Jan 1998
Warehouse engulfed by flames
Warehouse engulfed by flames JAKARTA (JP): A major fire engulfed a two-story warehouse of a cosmetic and medical equipment distributor at the Pulogadung industrial complex in East Jakarta on Saturday afternoon.
Mon, 26 Jan 1998
Asia-Pacific triangle business project
Asia-Pacific triangle business project In the arena of global trade, which is increasingly becoming a "world without frontiers", the importance of cross-border, or multilateral trade, in relationships cannot be overlooked.
Mon, 26 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, Sunday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until Jan. 29.
Mon, 26 Jan 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Benang-Benang Kasih 3:35 Belief in God The Almighty 4:00 Regional News 4:30 Creative Program: Karya Tepat Guna 5:00 Indonesian Lessons 5:25 Variety Show 5:30 TV Drama: Kewajiban 6:00 News:...
Mon, 26 Jan 1998
Aceh jewelers offer quick cash for gold
Aceh jewelers offer quick cash for gold BANDA ACEH, Aceh: Several jewelry stores have been doing unusually brisk business this past week, not because people have been buying jewelry, but because people have been selling it, Antara reported Saturday.
Mon, 26 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaMondayMaghrib 6:19 p.m.TuesdayImsak 4:23 a.m.Subuh 4:33 a.m.