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Wed, 21 Jan 1998
Textile firms say export swap facility unclear, confusing
Textile firms say export swap facility unclear, confusing JAKARTA (JP): The low interest rate swap facility given to export-oriented companies by Bank Indonesia is unclear and confusing, an industry association representative said yesterday.
Wed, 21 Jan 1998
Homey touch added to hotel living
Homey touch added to hotel livingText and photos by K. Basrie JAKARTA (JP): The city's newest five-star hotel promises its patrons a real "home away from home" with no check-in counter or flashy hotel entrance.Of course, guests at The Dharmawangsa hotel on Jl.
Wed, 21 Jan 1998
European trials for RI's Asiad judoists
European trials for RI's Asiad judoists JAKARTA (JP): Some sports associations may be canceling or postponing plans to send their athletes abroad due to financial worries, but this is not the case for the Indonesian Judo Association.
Wed, 21 Jan 1998
Debate may ease political tensions
Debate may ease political tensionsBy Aleksius Jemadu BANDUNG (JP): Government officials and political analysts have reacted in different ways since Adi Sasono, secretary-general of the Association of Indonesian Moslem Intellectuals (ICMI), put forward his idea on the urgency of national dialog,...
Wed, 21 Jan 1998
Malaysia, Singapore leaders meet on Asian crisis
Malaysia, Singapore leaders meet on Asian crisis SINGAPORE (Reuters): Singapore Prime Minister Goh Chok Tong and his Malaysian counterpart Mahathir Mohamad met yesterday to discuss Asia's financial crisis, a spokesman at Goh's office said.
Wed, 21 Jan 1998
Bukit Asam to raise production
Bukit Asam to raise production JAKARTA (JP): State coal producer PT Tambang Batubara Bukit Asam will increase its production by 27 percent to 12.8 million tons this year, the company has said.Company president RA Sunardi said Monday evening at a breaking of the fast gathering that the company would...
Wed, 21 Jan 1998
From silver screen to presidency?
From silver screen to presidency? Whatever people say about him, Joseph Estrada declares that he is ready, willing and able to take on the toughest job in the Philippines. The leading opposition party in the Philippines evidently agrees. It has picked Estrada as its presidential candidate.
Wed, 21 Jan 1998
Indonesian cuisine for all tastes at Gran Melia cafe
Indonesian cuisine for all tastes at Gran Melia cafe Call it the quandary of the appetite is willing but the spirit is weak.Weak as in loathe to venture past the unofficial Marginot lines of traffic jams separating Central Jakarta from those distant lands of Kemang and West Jakarta.
Wed, 21 Jan 1998
Manila steps up oil firm security
Manila steps up oil firm security MANILA (Reuters): Philippine President Fidel Ramos ordered security tightened around all government offices and oil facilities yesterday as the military freed the chief of a Communist rebel group suspected of attacking two oil offices.
Wed, 21 Jan 1998
Political reforms more imperative than ever
Political reforms more imperative than ever Since the announcement of his intention to run in the March presidential election, Amien Rais has become more bold in his criticism of the government. The chairman of the Muhammadiyah Moslem organization talks at length with The Jakarta Post about his...
Wed, 21 Jan 1998
Mental education necessary
Mental education necessary As we all know, Indonesia is in an economic crisis and many people are feeling the pinch. There have been numerous attempts to explain the current recession, ranging from the truly informed to the quite bizarre.
Wed, 21 Jan 1998
Pioneer's sales in Asia fall
Pioneer's sales in Asia fall PERTH (Reuters): Building products group Pioneer International Ltd said yesterday that sales volumes from three key Southeast Asian countries had fallen sharply due to the region's economic downturn.
Wed, 21 Jan 1998
Solution to RI private debt vital: German envoy
Solution to RI private debt vital: German envoy JAKARTA (JP): Finding a rapid solution for Indonesia's private offshore debt is of crucial importance in dealing with the current economic crisis, says Horst Kohler, a special envoy of Germany's Chancellor Helmut Kohl.
Wed, 21 Jan 1998
Political researchers call for new president
Political researchers call for new president JAKARTA (JP): Nineteen political researchers affiliated with the National Institute of Sciences (LIPI) called on the nation yesterday to elect a new president for the sake of much needed political and economic reforms.
Wed, 21 Jan 1998
Malaysia may invest more in RI palm oil
Malaysia may invest more in RI palm oil KUALA LUMPUR (Reuters): Malaysian palm oil plantation operators welcomed Indonesia's agricultural reforms and said they may spur more Malaysian investment in that country's palm oil industry.
Wed, 21 Jan 1998
Mar'ie says no more delays needed in property tax law
Mar'ie says no more delays needed in property tax law JAKARTA (JP): Minister of Finance Mar'ie Muhammad expressed confidence yesterday that Indonesia's battered economy would start recovering after the convening of the People's Consultative Assembly (MPR) in March.
Wed, 21 Jan 1998
Police hunt thieves
Police hunt thieves JAKARTA (JP): Police are looking for two men who stole jewelry and watches from an elderly woman at her house in Bendungan Hilir, South Jakarta.City Police spokesman Lt. Col. E. Aritonang yesterday said that the two men, whose identities were still unknown, stole a 100-gram gold...
Wed, 21 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.
Tue, 20 Jan 1998
Rupiah remains weak
Rupiah remains weak Indonesia is facing a great dilemma in implementing the reinforced and strengthened economic reforms agreed upon with the International Monetary Fund last Thursday. The crux is that a persistently volatile and weakening rupiah would make it next to impossible to implement the...
Tue, 20 Jan 1998
Ships prepared for Idul Fitri
Ships prepared for Idul Fitri SURABAYA, East Java: Fourteen ships with a total daily capacity of 70,000 passengers have been readied in anticipation of the jump in travelers expected to use the Ketapang, East Java- Gilimanuk, Bali ferry service as the Idul Fitri holiday approaches.
Tue, 20 Jan 1998
Soeharto honors Indonesian farmers
Soeharto honors Indonesian farmers JAKARTA (JP): President Soeharto demonstrated yesterday his appreciation and highest respect for Indonesian farmers, especially those who have made outstanding progress in boosting agricultural production.
Tue, 20 Jan 1998
Official voices doubts on region
Official voices doubts on region SINGAPORE (AP): Restoring stability to Asian financial systems will be difficult, the head of Singapore's Monetary Authority, Lee Hsien Loong, was quoted as saying yesterday.
Tue, 20 Jan 1998
Sri Bintang's trial gets new prosecutor
Sri Bintang's trial gets new prosecutor JAKARTA (JP): Lesbassa Habel replaced S.T. Silangit as the prosecuting attorney yesterday in the ongoing subversion trial of Sri Bintang Pamungkas at the South Jakarta District Court."A letter dated Jan.
Tue, 20 Jan 1998
Ali Hasjmy dies in Banda Aceh
Ali Hasjmy dies in Banda Aceh BANDA ACEH: One of Aceh's most prominent religious teachers Ali Hasjmy died in hospital here Sunday afternoon while recovering from a heart attack.Hasjmy, 84, who was also known as a philosopher and poet, was well loved and known throughout the country.
Tue, 20 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 19, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 0 4,500 Alumindo Light Metal 250 25 3,182,500 Alumindo...
Tue, 20 Jan 1998
Asian crisis has a silver lining for U.S.
Asian crisis has a silver lining for U.S. NEW YORK (AP): General Motors is gearing up to move into Indonesia. Hewlett-Packard is talking to suppliers about using more Asian-made components in its high-tech goods. And Dell Computer is trimming the price of a popular computer.
Tue, 20 Jan 1998
Private foreign debt 'key' to rupiah repair
Private foreign debt 'key' to rupiah repair JAKARTA (JP): The recovery of the tumbling rupiah will depend largely on the handling of the country's huge private debts, analysts say.The head of ING Barings' regional economic and debt research unit, Chris Tinker, said yesterday confidence in the...
Tue, 20 Jan 1998
Keep 'Love Rupiah' campaign sincere
Keep 'Love Rupiah' campaign sincere Many of the hardships which we are now facing might not have existed if only we had been more modest and restrained. With a Gross National Product that was only nearing the US$1,000 mark, we spent our money freely on various things that we should have waited for.
Tue, 20 Jan 1998
Peregrine's chief blames RI
Peregrine's chief blames RI NEW YORK (AFP): The chief of failed Hong Kong bank Peregrine Investments Holdings blamed its collapse on the Indonesian government in an interview with Newsweek magazine"As things began to unravel, Indonesia did all the wrong things," Peregrine chairman Philip Tose says...
Tue, 20 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesdayMaghrib 6:19 p.m.WednesdayImsak 4:20 a.m.Subuh 4:30 a.m.
Tue, 20 Jan 1998
Fencing body aiming for bronzes at 13th Asiad
Fencing body aiming for bronzes at 13th Asiad JAKARTA (JP): The Indonesian Fencing Association aims to win bronze medals at the 13th Asian Games in Bangkok from Dec. 6 to Dec. 20.The association's secretary-general, Soerjono, said yesterday that Indonesia's toughest rivals would come from China,...
Tue, 20 Jan 1998
Banks' merger deal plan will speed up reform
Banks' merger deal plan will speed up reform JAKARTA (JP): The merger deal planned by publicly listed banks Bank Internasional Indonesia (BII) and Bank Dagang Nasional Indonesia (BDNI) would encourage other banks to accelerate similar steps, analysts and bankers said yesterday.
Tue, 20 Jan 1998
Groups rally at the House over succession, reform
Groups rally at the House over succession, reform JAKARTA (JP): Some 200 people from four different groups rallied at the House of Representatives making demands ranging from presidential succession to all-out reforms to cope with the economic crisis.
Tue, 20 Jan 1998
KONI reassured over Asiad team
KONI reassured over Asiad team JAKARTA (JP): President Soeharto has told the Indonesian Sports Council (KONI) and sports organizations not to be discouraged if only a small team is sent to the Asian Games in Thailand this December."We have to economize our foreign exchange.
Tue, 20 Jan 1998
Fishermen find missing youths
Fishermen find missing youths DENPASAR, Bali: Three youths who had been missing since late last week were found alive by fishermen Sunday night after being adrift at sea for three days.The three youths -- Andy, 21, Mario, 14, and Nico, 12 -- jumped into their motorized rubber boat Friday at Sanur...
Tue, 20 Jan 1998
Car, jet projects continue: Soeharto
Car, jet projects continue: Soeharto JAKARTA (JP): President Soeharto said yesterday that the national car project and the plan to develop Indonesia's own jet plane would continue without state funding or assistance.
Tue, 20 Jan 1998
New confidence sees rise in Asia, share prices stronger
New confidence sees rise in Asia, share prices stronger HONG KONG (AFP): A boost of confidence in the Hong Kong and Tokyo markets spread to other Asian bourses yesterday as share prices generally gained ground after strong gains the previous week.
Tue, 20 Jan 1998
Bomb explodes in apartment, one arrested
Bomb explodes in apartment, one arrested JAKARTA (JP): An alleged bomb maker was arrested after a simple, homemade device exploded Sunday evening in a cheap, rented apartment in Tanah Tinggi, Central Jakarta, police said.Army Chief of Staff Gen. Wiranto and Central Jakarta Police Chief Lt. Col.
Tue, 20 Jan 1998
Man falls to death from train
Man falls to death from train JAKARTA (JP): A passenger riding on the roof of an electric train fell to his death -- after reportedly being electrocuted -- yesterday in front of Pancasila University in Depok, south of here.
Tue, 20 Jan 1998
The 43-billion-dollar question
The 43-billion-dollar question Economist Kwik Kian Gie discusses the reasons why the rupiah remains weak even after last week's announcement of a massive reform package agreed by the government and the International Monetary Fund.
Tue, 20 Jan 1998
Govt to streamline bureaucracy: Silalahi
Govt to streamline bureaucracy: Silalahi JAKARTA (JP): The government has said it will take tough measures to streamline its bureaucracy, but stopped short of having to enforce laying off some of the four-million civil servants.
Tue, 20 Jan 1998
MUI announces Islam fobids money trading
MUI announces Islam fobids money trading JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) issued an edict yesterday saying that speculative money trading just for one-sided profit is forbidden.
Tue, 20 Jan 1998
Tarrin leaves for talks with U.S., IMF
Tarrin leaves for talks with U.S., IMF BANGKOK (AFP): Thai Finance Minister Tarrin Nimmanahaeminda yesterday left for crucial talks with U.S. and IMF finance chiefs in Washington in the hope of improving investor confidence in cash-strapped Thailand.
Tue, 20 Jan 1998
Festive package at Regent Jakarta
Festive package at Regent Jakarta JAKARTA (JP): The Regent Jakarta is offering a festive package to enable people to celebrate both Idul Fitri and Chinese New Year, which falls on Jan. 28, its executive said in a statement yesterday.
Tue, 20 Jan 1998
Orphan mistakenly killed by youths
Orphan mistakenly killed by youths JAKARTA (JP): A 17-year-old orphan was stabbed to death by a group of youths in Ciracas market in East Jakarta in the early hours of Sunday.Two of his friends were also wounded.
Tue, 20 Jan 1998
Soesilo named best sporting prime mover
Soesilo named best sporting prime mover JAKARTA (JP): The Jakarta chapter of the Indonesian Sportswriters Association (SIWO Jaya) has nominated the late chairman of the Indonesian Weightlifting and Powerlifting Association, Soesilo Soedarman, as the country's best sporting prime mover.
Tue, 20 Jan 1998
Relatives bid farewell to SilkAir crash victims
Relatives bid farewell to SilkAir crash victimsJAKARTA (JP): Grieving relatives burned incense and prayed during a funeral service yesterday in Palembang, South Sumatra, for loved ones killed when a Singaporean airliner crashed in the estuary of the Musi River.
Tue, 20 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan.19, 1998: Buying Selling Rp Rp U.S. dollar 1 8,250.00 10,250.00Austrian shilling 1 675.20 810.20Australian dollar 1 5,982.10 6,713.40Belgian franc 1 238.10 266.20Canadian dollar 1 6,284.70 7,013.
Tue, 20 Jan 1998
Message from the publisher
Message from the publisher With the worsening economic situation, The Jakarta Post has suffered financial losses caused by shrinking advertising revenue and rising newsprint prices. The rupiah cost of newsprint alone has more than tripled in the last six months.
Tue, 20 Jan 1998
Unwanted visitors
Unwanted visitors The male foreigner married to an Indonesian who authored Gender bias ("Your Letters," Saturday, Jan. 17) has understated the problem.There are many financially independent foreign men married to Indonesians who only want to live, not work, here.