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Fri, 15 Jan 1999
Capital controls work as 'shield' for KL
Capital controls work as 'shield' for KL LONDON (Reuters): Capital controls imposed at the height of last year's emerging markets crisis will help shield Malaysia from the current Brazil-inspired turmoil, a Malaysian minister said on Wednesday.
Fri, 15 Jan 1999
Soehartos to holiday in Surakarta
Soehartos to holiday in Surakarta JAKARTA (JP): Former president Soeharto and his entire family are planning to say their Idul Fitri prayer at Dalem Kalitan complex in the Central Java town of Surakarta, which was owned by his late wife, Tien Soeharto, according to a spokesman.
Fri, 15 Jan 1999
Confusion undermining emergency funds program
Confusion undermining emergency funds program JAKARTA (JP): Executives of Village Resilience Boards (LKMD) have been finding it hard to cope with a sudden influx of community development funds worth more than Rp 109 billion due to a lack of guidance.
Fri, 15 Jan 1999
Government sells 100m shares in Indofood
Government sells 100m shares in Indofood JAKARTA (JP): The government has sold 100 million shares, or 53.76 percent of its total stake, in the publicly listed instant noodle maker PT Indofood Sukses Makmur for Rp 5,000 each, a senior government official said.
Fri, 15 Jan 1999
Former battalion commander to go on trial in Aceh
Former battalion commander to go on trial in Aceh JAKARTA (JP): A former battalion commander in Aceh, whose men were involved in the torture-killing of four people under military detention, is due to go on trial this week, the local military police chief said on Thursday.
Fri, 15 Jan 1999
Return to sender
Return to sender The Japanese people's disquiet about Indonesia's handling of its rice aid is a classic example of the low opinion foreigners have of the Indonesian government's integrity. They have good reason to be apprehensive.
Fri, 15 Jan 1999
Sukarno-Hatta airport to be leased to foreign firm
Sukarno-Hatta airport to be leased to foreign firm JAKARTA (JP): The Soekarno-Hatta International Airport is to be leased to a foreign airport management service company under a 30 year concession contract, said the president of state-owned airport management company PT Angkasa Pura II, Miskul...
Fri, 15 Jan 1999
Floods hit crops in Sumatra; another victim found in Bali
Floods hit crops in Sumatra; another victim found in Bali JAKARTA (JP): Floods have hit South Sumatra regencies but residents have refused to budge despite several warnings from the authorities, saying Thursday they most feared for the safety of their crops.
Fri, 15 Jan 1999
A case at last in Riau court
A case at last in Riau court PEKANBARU, Riau: Dormant court dealings received a jolt with the first case filed before the State Administrative Court here since its establishment three years ago.A resident, Hasbullah, sued President B.J.
Fri, 15 Jan 1999
Luxemburg assists Thailand
Luxemburg assists Thailand BANGKOK (DPA): Luxemburg Prime Minister Jean-Claude Juncker pledged on Thursday to lobby the European Union for a reappraisal of Thailand's lost general system of preferences (GSP) privileges.
Fri, 15 Jan 1999
Woman found dead outside home
Woman found dead outside home JAKARTA (JP): Neighbors found a housewife dead in front of her home early on Wednesday morning in a red-light district in East Jakarta.Karniti, 35, is believed to have died from a single stab wound to her heart.
Fri, 15 Jan 1999
Travel drive makes way for Indo-Pakistani ties upgrade
Travel drive makes way for Indo-Pakistani ties upgrade AMRITSAR, India (AP): Pakistani officials were greeted with flowers and candy on Thursday as they crossed into India by a bus that will soon bring ordinary people from both countries together.
Fri, 15 Jan 1999
Ramadhan keeps mosques busy throughout the night
Ramadhan keeps mosques busy throughout the nightBy Mehru Jaffer JAKARTA (JP): Throughout Ramadhan, the ninth month of the Muslim year, mosques bustle with numerous activities that continue round the clock and revolve around fasting, a ritual that is one of the five pillars of Islam.
Fri, 15 Jan 1999
Leading reformists no-shows at dialog on disintegration
Leading reformists no-shows at dialog on disintegration JAKARTA (JP): The trumpeted national dialog to avert disintegration was not as star-studded as promised on Thursday when leading reform figures Amien Rais, Abdurrahman Wahid, Megawati Soekarnoputri and Sri Sultan Hamengkubuwono X failed to...
Fri, 15 Jan 1999
Southeast Asian currencies ride out Brazilian storm
Southeast Asian currencies ride out Brazilian storm SINGAPORE (Dow Jones): Southeast Asian currencies survived a day of nervous trading activity following the effective devaluation of the Brazilian real, to end Asian hours on Thursday mixed against the U.S. dollar.
Fri, 15 Jan 1999
Concern over Brazil drags market down
Concern over Brazil drags market down JAKARTA (JP): The country's plagued financial market dropped again for the second consecutive day on Thursday with the rupiah losing 1 percent and shares prices falling 2.5 percent.
Fri, 15 Jan 1999
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Calligraphy Exhibition: by Yoesoef Effendie, at Jl. Mesjid I/19, Pejompongan, West Jakarta (Phone: 5733912), until Jan. 18. * Batik, Furniture Exhibition: Batik dan Antik, at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (Phone: 7194278), Sunday, at 10:30 a.
Fri, 15 Jan 1999
Australia's shift on East Timor
Australia's shift on East Timor Australia's decision to push for eventual independence for East Timor will give a boost to a people who continue to suffer, in spite of all that has been done to try to bring peace to the province.
Fri, 15 Jan 1999
ASEM meeting sparks talk of forging more stability
ASEM meeting sparks talk of forging more stability SINGAPORE (Reuters): Finance ministers from Asia and Europe get together for the second time on Friday, and with the advent of the euro are getting more focused on the idea of a single Asian currency.The birth of the euro on Jan.
Fri, 15 Jan 1999
Unrest continues in Luwu regency
Unrest continues in Luwu regency LUWU, South Sulawesi (JP): Clashes among residents from several villages in the district of Sabbang in Luwu regency which have killed at least three people and injured dozens more continued on Thursday.
Fri, 15 Jan 1999
Banks suit claim 'ANteve' bankrupt
Banks suit claim 'ANteve' bankrupt JAKARTA (JP): Three foreign investment banks filed a bankruptcy claim on Thursday against private television station PT Cakrawala Andalas Televisi, known as ANteve.Lawyer Joni Aries Bangun for the banks Hong Kong-based IBJ Asia Ltd.
Fri, 15 Jan 1999
Golkar figures launch new political party
Golkar figures launch new political party JAKARTA (JP): A group of disenchanted senior Golkar figures are to complete their separation from the dominant grouping on Friday morning by officially launching the Justice and Unity Party (PKP).
Fri, 15 Jan 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Jan. 14, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,525.00 8,675.00 8,525.00 8,725.00Australian dollar 1 5,279.35 5,511.95 5,279.00 5,579.00Belgian franc 1 236.16 251.80 - -Brunei dollar 1 - - 4,964.
Fri, 15 Jan 1999
RI out to better business ties with Singapore: Report
RI out to better business ties with Singapore: Report SINGAPORE (AP): Indonesia is promoting joint ventures with small and medium-sized businesses in other Asian countries in order to distribute economic resources more equitably, a Singapore newspaper reported on Thursday.
Fri, 15 Jan 1999
Australia stands by Timor gap treaty
Australia stands by Timor gap treaty CANBERRA (Dow Jones): The Australian government has dismissed calls for a review of a Timor Gap treaty with Indonesia, which allows the two nations to jointly exploit petroleum resources in the area, in the wake of Australia's decision to advocate self-...
Fri, 15 Jan 1999
Unocal speeds up projects
Unocal speeds up projects EL SEGUNDO, California (Reuters): Unocal Corp. said on Wednesday it will move up development plans for its deepwater West Seno oil and gas field offshore Indonesia to the second quarter of 1999 based on successful exploration results.
Fri, 15 Jan 1999
Forestry concessions to be auctioned
Forestry concessions to be auctioned JAKARTA (JP): The government, for the first time, will auction three forest concessions in East and Central Kalimantan early next month.Director General of Forest Utilization Waskito Soerjodibroto said the concessions averaged 50,000 hectares to 100,000 hectares...
Fri, 15 Jan 1999
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 14, 1999: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 400 -50 105,000 AHAP Insurance 400 0 0 Alter Abadi 275 -25 10,000 Alumindo Light Metal 300 0 17,500 Alumindo...
Fri, 15 Jan 1999
Yayuk Basuki named Fed Cup team coach
Yayuk Basuki named Fed Cup team coach JAKARTA (JP): Shortly after her retirement from competitive tennis at this month's Australian Open, Yayuk Basuki will embark on a new career as a coach of the women's national team.
Fri, 15 Jan 1999
Ramadhan time for Jakarta
Ramadhan time for JakartaFridayMaghrib 6:18 p.m.SaturdayImsak 4:17 a.m.Subuh 4.27 a.m.
Fri, 15 Jan 1999
South Korean to sue immigration directorate
South Korean to sue immigration directorate JAKARTA (JP): A South Korean businessman plans to sue the immigration directorate for arresting him on Jan. 12 and trying to deport him on allegations that he was a member of a dangerous criminal group.
Fri, 15 Jan 1999
Custom officials foil 19 smuggling attempts
Custom officials foil 19 smuggling attempts TANGERANG (JP): The customs and excise office of the Soekarno- Hatta International Airport have managed to foil 19 smuggling attempts of items worth about Rp 782.2 billion (US$97.77 million) over the last 10 months, an official said on Thursday.
Fri, 15 Jan 1999
IBRA to unload 27% of assets under its control
IBRA to unload 27% of assets under its control JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) plans to unload 27 percent of the Rp 96 trillion (US$12.8 billion) in assets taken over from banks under its control this year.
Fri, 15 Jan 1999
Agriculture budget 'too small'
Agriculture budget 'too small' JAKARTA (JP): The massive cut in the allotment for the agricultural sector in the 1999/2000 State Budget reflects the government's ignorance in identifying and taking advantage of the country's most promising sector, analysts have said.
Fri, 15 Jan 1999
Govt drafts new bill to monitor forex transfers
Govt drafts new bill to monitor forex transfers JAKARTA (JP): The government plans to strictly monitor the flow of foreign exchange by requiring all transfers of capital in and out of the country to be reported, according to a new draft law.
Fri, 15 Jan 1999
New age sparks millenarianism
New age sparks millenarianismBy Marianus Kleden This is the first of two articles about a new age in the revived spirit of millenarianism. KUPANG, East Nusa Tenggara (JP): Millenarianism, a popular belief of the coming of a just king to free an oppressed nation, seems prevalent among Indonesians...
Fri, 15 Jan 1999
Civil servants issue likely to be dropped from bills
Civil servants issue likely to be dropped from bills JAKARTA (JP): Two Cabinet ministers hinted on Thursday that the controversial issue of the political role of Indonesia's 4.1 million civil servants would likely be dropped from the political bills being deliberated by the House of...
Fri, 15 Jan 1999
Indonesia-Singapore to sign gas sales agreement today
Indonesia-Singapore to sign gas sales agreement today JAKARTA (JP): State oil and gas company Pertamina has said it will on Friday (today) sign a contract to supply Singapore's Sembawang Gas (SembGas) with natural gas from the West Natuna gas fields through a 640-kilometer underwater pipeline.
Thu, 14 Jan 1999
Soldiers' remains to be returned
Soldiers' remains to be returned JAKARTA (JP): Remains of eight World War II U.S. soldiers found in Irian Jaya will be returned to their families following a ceremony scheduled for Jan. 22.Trikora military commander Maj. Gen. Sembiring is to officially give the remains to commander of the U.S.
Thu, 14 Jan 1999
Prudential doubles income
Prudential doubles income JAKARTA (JP): Despite the economic crisis, PT Prudential BancBali Life Assurance nearly doubled its premium revenue to Rp 36.9 billion (about US$4.6 million) in 1998, its president said on Tuesday.
Thu, 14 Jan 1999
Kidnapping of 22 in southern RP
Kidnapping of 22 in southern RP ZAMBOANGA, Philippines (AFP): Muslim militants in the southern Philippines kidnapped 22 men they accuse of drug trafficking, but later freed 15 of them, officials said on Wednesday.
Thu, 14 Jan 1999
Asian monies plunge against dollar amid market worries
Asian monies plunge against dollar amid market worries SINGAPORE (Dow Jones): Southeast Asian currencies were well down against the U.S. dollar in late trading Wednesday, as the market grappled with the double-barreled news of the Bank of Japan's multi-billion dollar market intervention Tuesday to...
Thu, 14 Jan 1999
High unemployment may worsen: ILO
High unemployment may worsen: ILO BANGKOK (AFP): Asia's unemployment crisis triggered by the region's economic meltdown may deepen as desperate businesses further slash their workforces, the International Labor Office warned on Wednesday.
Thu, 14 Jan 1999
Telephone cables stolen in C. Java
Telephone cables stolen in C. Java PURWOKERTO, Central Java (JP): A total of 415,000 meters of telephone cable has vanished along a railway route, disrupting communications here.Although the damage done from the theft of the copper cables was not too severe, "we have to work extra fast to replace...
Thu, 14 Jan 1999
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Jan. 13, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,325.00 8,475.00 8,275.00 8,525.00Australian dollar 1 5,182.00 5,415.10 5,144.00 5,444.00Belgian franc 1 238.52 244.11 - -Brunei dollar 1 - - 4,829.
Thu, 14 Jan 1999
Rupiah slides 7% to close at 8,600 against the dollar
Rupiah slides 7% to close at 8,600 against the dollar JAKARTA (JP): The financial market sank again on Wednesday, with the rupiah sliding 7 percent to close at 8,600 and stock prices falling nearly 4 percent.
Thu, 14 Jan 1999
Australian opposition calls for Timor Gap deal review
Australian opposition calls for Timor Gap deal review SYDNEY (Reuters): Australia's Labor opposition urged Prime Minister John Howard's government on Wednesday to review its Timor Gap oil sharing treaty with Indonesia as East Timor pushes for independence.
Thu, 14 Jan 1999
Five killed in unrest in Luwu, dozens injured
Five killed in unrest in Luwu, dozens injured UJUNGPANDANG, South Sulawesi (JP): Five were killed, dozens more were injured, and around 90 houses were set alight during brawls between residents from several villages in the district of Sabbang in Luwu regency on Monday and Tuesday.
Thu, 14 Jan 1999
Govt defends plan for bank recapitalization
Govt defends plan for bank recapitalization JAKARTA (JP): The government on Wednesday defended its costly bank recapitalization program, saying that it was necessary to revive the crippled economy.State Minister of National Development Planning Boediono warned that the process of economic recovery...
Thu, 14 Jan 1999
Rice for the poor to reach 39% of targeted people
Rice for the poor to reach 39% of targeted people JAKARTA (JP): In a report to a Cabinet meeting on Wednesday, State Minister of Food and Horticulture A.M. Saefuddin said the government's program providing cheap rice for the poor could reach 38.9 percent of the targeted 17.