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Sat, 17 Jan 1998
Man face trials in Vietnam, U.S.
Man face trials in Vietnam, U.S. HANOI (DPA): A Vietnamese-American, sought for theft in Vietnam and a 1983 murder in the United States, was turned over by Cambodian authorities to Vietnam, where he will face charges before his expected deportation to the U.S., police said yesterday.
Sat, 17 Jan 1998
Britain backs call for Asian crisis meeting
Britain backs call for Asian crisis meeting LONDON (Reuters): Britain on Thursday gave its backing for a U.S.-proposed, top level international meeting on the Asian financial crisis.The meeting would involve the Group of Seven (G-7) leading industrial countries and the Asian nations affected by the...
Sat, 17 Jan 1998
Clinton focuses on Asia to safeguard the U.S.
Clinton focuses on Asia to safeguard the U.S. WASHINGTON (Reuters): President Bill Clinton has thrown himself into the effort to contain Asia's financial crisis, which may threaten the crowning achievement of his presidency -- the robust U.S. economy.U.S.
Sat, 17 Jan 1998
Officials support Megawati, Amien for nomination
Officials support Megawati, Amien for nomination JAKARTA (JP): Two high-ranking officials responded positively yesterday to recent calls for the nomination of government critics Megawati Soekarnoputri and Amien Rais as the next president and vice president.
Sat, 17 Jan 1998
Regional layoffs expected to rise due to crisis
Regional layoffs expected to rise due to crisis SINGAPORE (Agencies): As many as 15,000 people in Singapore may lose their jobs this year as a result of Southeast Asia's economic crisis, a report said yesterday.
Sat, 17 Jan 1998
Ford eyes Kia
Ford eyes Kia SEOUL: Ford reportedly has notified the Seoul government, Korea Development Bank and Kia business group of its intention to take over the ill-fated Kia Motors.According to a report in the Korea Economic Daily, The Korea Development Bank is scheduled to make additional investments in...
Sat, 17 Jan 1998
Assembly split over two crucial issues
Assembly split over two crucial issues JAKARTA (JP): After making some progress, the deliberation of the State Policy Guidelines in the People's Consultative Assembly ended on a low note yesterday as it failed to reach a unanimous agreement on the last two motions discussed.
Sat, 17 Jan 1998
Forests project to cost Rp 7b
Forests project to cost Rp 7b BANDAR LAMPUNG: The provincial forestry office here has allocated Rp 7 billion in reforestation funds to rehabilitate 2,600 hectares of protected forest.The project began last December and is scheduled to be finished in March, head of the forestry office Ajat Sudrajat...
Sat, 17 Jan 1998
Taiwanese mission due here
Taiwanese mission due here JAKARTA (JP): Chairman of Taiwan's Council of Economic Planning and Development P.K. Chiang will lead a trade delegation from Taiwan on a two-day visit here to examine the country's business environment.The delegation is scheduled to arrive tomorrow.
Sat, 17 Jan 1998
Most Asia-Pacific markets stage rebound
Most Asia-Pacific markets stage rebound TOKYO (AFP): Stronger Japanese shares led a return to confidence as investors maintained positive sentiment over the financial sector, as other markets in the Asia-Pacific were buoyed by comments from visiting IMF officials.
Sat, 17 Jan 1998
Bank facts
Bank facts The boards of directors and commissioners are very disappointed with the misleading article in the Business and Investment section of the Jan. 10 The Jakarta Post.Although a Reuters article, the headline your newspaper chose and some of the contents were open to misinterpretation.
Sat, 17 Jan 1998
Indonesian students in cash bind Down Under
Indonesian students in cash bind Down UnderBy Monika Winarto JAKARTA (JP): The Australian Education Center in Kuningan, South Jakarta, is busier than usual these days.But the up to 30 people dropping in to see counselors are not just prospective students weighing choices.
Sat, 17 Jan 1998
Reforms 'strong enough' to restore banking industry
Reforms 'strong enough' to restore banking industry JAKARTA (JP): Banking sector reforms -- part of overall sweeping reforms announced by President Soeharto Thursday -- were adequate enough to restore the ailing banking industry, analysts said yesterday.
Sat, 17 Jan 1998
Palm oil firm in European close on RI news
Palm oil firm in European close on RI news LONDON (Reuters): Palm oil closed firm on the European vegetable oil market on Thursday following news that Indonesia is to keep its ban on palm oil exports until the end of March.
Sat, 17 Jan 1998
Rupiah surges, stocks gain ground
Rupiah surges, stocks gain ground JAKARTA (JP): The government's economic reforms, which failed to impress the financial and stock markets at their announcement Thursday, managed to beef up the rupiah and stock prices yesterday.
Sat, 17 Jan 1998
PPIP marks anniversary of Indonesia-Portugal ties
PPIP marks anniversary of Indonesia-Portugal ties JAKARTA (JP): The Indonesia-Portugal Friendship Association (PPIP) celebrates its fourth anniversary today.The association, chaired by President Soeharto's eldest daughter Siti Hardiyanti Rukmana, was established in 1994 as a bridge of communication...
Sat, 17 Jan 1998
Econ dumps Indonesian telecom deal
Econ dumps Indonesian telecom deal SINGAPORE (Reuters): Singapore's Econ International Ltd (Econ) said yesterday it was scrapping a US$66.65 million deal with Indonesian telecommunications firm PT Centralindo because of Southeast Asia's economic crisis.
Sat, 17 Jan 1998
Ford undeterred by Asia's woes
Ford undeterred by Asia's woes FORD MOTOR Co believes Asia will overcome its economic troubles to become the world's biggest vehicle market, and hopes to announce soon the opening of a new plant in the Philippines, a senior executive said last week.
Sat, 17 Jan 1998
RI's gross forex assets total $20.39b
RI's gross forex assets total $20.39b JAKARTA (JP): Bank Indonesia, the central bank, announced yesterday that the country's gross foreign assets totaled US$20.39 billion as of Jan. 15, down from $27.56 billion as of last September.
Sat, 17 Jan 1998
Gender bias
Gender bias I am a white foreigner. I am married to an Indonesian. I am a Moslem. We are expecting a baby. I am utilizing a social visit visa so I can stay with my wife. I have purchased a home for my wife and child. We have bought an Indonesian-made automobile, and Indonesian-made furniture.
Sat, 17 Jan 1998
Pet vendors in Menteng offer bargains
Pet vendors in Menteng offer bargainsBy Fitriyanti Djoni JAKARTA (JP): A luxury sedan slows down to a halt right in front of some cages of puppies for sale on Jl. Latuharhary, in the Menteng area of Central Jakarta.
Sat, 17 Jan 1998
HP to remain in SE Asia
HP to remain in SE Asia MANILA (AFP): U.S.-based Computer giant Hewlett-Packard will stick it out in Southeast Asia despite the financial turmoil hammering the region, a senior official said Thursday."We play for the long term.
Sat, 17 Jan 1998
Moody's reviews ratings of four Malaysian banks
Moody's reviews ratings of four Malaysian banks KUALA LUMPUR (AFP): Moody's Investors Service yesterday placed four leading Malaysian banks under review for possible downgrades of their credit ratings, citing mounting pressure on the financial system.
Sat, 17 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 16, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 -50 500 Alumindo Light Metal 225 -25 140,000 Alumindo...
Sat, 17 Jan 1998
Students on trial for killing and robbery
Students on trial for killing and robbery JAKARTA (JP): A prosecutor asked the Central Jakarta District Court yesterday to sentence three students to nine years in jail each for killing a housemaid and stealing jewelry worth Rp 3.5 million (US$388).
Sat, 17 Jan 1998
Alternate presidential candidates
Alternate presidential candidates Following in the footsteps of Dr. Amien Rais, Megawati Soekarnoputri -- in a statement made at her residence in the presence of many, including a number of foreign diplomats -- declared herself ready to be a candidate for the presidency.
Sat, 17 Jan 1998
Austerity urged this Idul Fitri
Austerity urged this Idul Fitri MATARAM, West Nusa Tenggara: Chairman of the provincial chapter of the Indonesian Council of Ulemas, Ahmad Usman, is appealing to Moslems across the country to celebrate Idul Fitri in simplicity."It is not necessary to wear new clothes and serve elaborate dishes.
Sat, 17 Jan 1998
KONI tightens criteria for sending teams to Asiad
KONI tightens criteria for sending teams to Asiad JAKARTA (JP): Due to the deepening economic turmoil, the National Sports Council's Asiad task force has decided to combine the three categories of sports set to compete at the 13th Asian Games in Bangkok in December into only one.
Sat, 17 Jan 1998
Soeharto lauded over reforms
Soeharto lauded over reforms JAKARTA (JP): U.S. President Bill Clinton has lauded President Soeharto's courage and determination to conduct sweeping economic reforms, a minister said yesterday.In a telephone conversation Thursday evening (Jakarta time), Clinton congratulated Soeharto following the...
Fri, 16 Jan 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Decada Band with a Saxophone player, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m.
Fri, 16 Jan 1998
National interest is more important, says Tommy
National interest is more important, says Tommy JAKARTA (JP): President Soeharto's youngest son, Hutomo Mandala Putra, said yesterday he fully accepted the government's decision to scrap the tax breaks awarded to his national car project.
Fri, 16 Jan 1998
Young chef Degan makes mark in kitchen
Young chef Degan makes mark in kitchenBy Putu Wirata DENPASAR, Bali (JP): Heard the one about a hapless cook who had to peel 10 kilograms of onion and 20 kilograms of potatoes by hand?He also had to clean the fridge, rooms, kitchen and put out the garbage by himself.
Fri, 16 Jan 1998
Profit-taking hits stock markets
Profit-taking hits stock markets HONG KONG (AFP): Investors were quick to lock in profits yesterday on two days of handsome gains, cutting short a rally on Asia-Pacific stock markets.The profit-taking overshadowed optimism sparked by a new agreement between Indonesia and the International Monetary...
Fri, 16 Jan 1998
'Love rupiah' drive (2)
'Love rupiah' drive (2)From MerdekaI welcome the "Love rupiah" drive despite the half-hearted and symbolic impression it generates. The business tycoons who were expected to come with huge amounts of dollars to be changed into rupiah, have so far only brought tens or hundreds of thousands dollars,...
Fri, 16 Jan 1998
Man commits suicide in hotel
Man commits suicide in hotel JAKARTA (JP): A 27-year-old man is believed to have committed suicide by drinking insecticide in a hotel on Jl. Proklamasi in Central Jakarta yesterday afternoon, police have said.First Lt. T.H.
Fri, 16 Jan 1998
Soeharto forms special team to monitor reform
Soeharto forms special team to monitor reform JAKARTA (JP): President Soeharto formed a special team yesterday to monitor the implementation of the massive economic reform program agreed by the International Monetary Fund (IMF) in exchange for a multibillion-dollar bailout package.
Fri, 16 Jan 1998
Soeharto unveils sweeping reforms
Soeharto unveils sweeping reforms JAKARTA (JP): President Soeharto announced a series of drastic economic measures yesterday which are expected to lift the nation out of its present predicament.But he warned that the nation must brace for a difficult time before things improved, predicting zero...
Fri, 16 Jan 1998
City to hire only 122 new teachers
City to hire only 122 new teachers JAKARTA (JP): The city education and teaching office will hire only 122 new elementary school teachers this academic year even though it has been estimated that Jakarta currently needs 2,300 additional teachers, an official has said.
Fri, 16 Jan 1998
Shoot on the spot, says police chief
Shoot on the spot, says police chief BANDAR LAMPUNG, Lampung: Provincial police chief Col. Gendro B.S. has ordered his members to take a tough stance against criminals, and shoot them on the spot if necessary.
Fri, 16 Jan 1998
Police confiscate 25 kg of gunpowder
Police confiscate 25 kg of gunpowder DEMAK, Central Java: Police confiscated 25 kilograms of gunpowder for the making of firecrackers in a raid Wednesday in Botosengon village, Dempet district, Demak regency.Demak police chief Lt. Col.
Fri, 16 Jan 1998
Tangerang labor projects to begin
Tangerang labor projects to begin TANGERANG (JP): Government-run projects in Tangerang are set to begin Monday and are expected to temporarily employ 73,260 blue-collar workers to ease unemployment problems in the city.Tangerang Mayor H.
Fri, 16 Jan 1998
Fire guts supermarket
Fire guts supermarket JEMBER, East Java: The Sumbermas supermarket on Jl. Sultan Agung was gutted by fire early yesterday, causing billions of rupiah in losses.Antara reported that the fire was discovered at 2.45 a.m.
Fri, 16 Jan 1998
Reforms could turn economy around: IMF
Reforms could turn economy around: IMF JAKARTA (JP): International Monetary Fund managing director Michel Camdessus said yesterday Indonesia had taken decisive steps that, if implemented fully, could turn its economy around.
Fri, 16 Jan 1998
Airlines hit turbulence as Asia's economies plummet
Airlines hit turbulence as Asia's economies plummet HONG KONG (AFP): Asia's financial turmoil is beginning to take its toll on regional airlines, with Cathay Pacific reportedly planning hundreds of lay-offs, Qantas cutting flights and Air France moving its regional headquarters.
Fri, 16 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 15, 1998: Buying Selling Rp Rp U.S dollar 1 6,500.00 8,500.00Austrian shilling 1 590.20 719.40Australian dollar 1 5,079.00 5,796.80Belgian franc 1 206.30 238.80Canadian dollar 1 5,459.00 6,184.
Fri, 16 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Kumuh by Margono at Galeri Cipta III, Taman Ismail Marzuki Arts Center, Jl. Cikini Raya 73, Central Jakarta, 10 a.m. to 9 p.m., until Jan. 18. * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl.
Fri, 16 Jan 1998
Central bank needs to improve public disclosure mechanism
Central bank needs to improve public disclosure mechanism JAKARTA (JP): Bank Indonesia (BI), the central bank, should be able to find better ways of informing the public about the condition of the country's commercial banks without having to violate the 1992 Banking Law, said a banking analyst...
Fri, 16 Jan 1998
29 entrepreneurs join rupiah drive
29 entrepreneurs join rupiah drive MEDAN, North Sumatra: A group of 29 local businesspeople joined the "Love Rupiah" drive yesterday, contributing Rp 3.3 billion (US$440,000) to the government.The money will be placed in a savings account in a state bank and its interest will be used for charity...
Fri, 16 Jan 1998
RI is not a threat: Howard
RI is not a threat: Howard SYDNEY (Reuters): Australian Prime Minister John Howard said on Thursday that the economic difficulties in Indonesia did not represent an immediate concern for Australia."I don't think there is any cause at all for any direct immediate concern as far as the Australian...
Fri, 16 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaFridayMaghrib 6:17 p.m.SaturdayImsak 4:18 a.m.Subuh 4:28 a.m.