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Fri, 16 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.
Fri, 16 Jan 1998
Probe into alleged rape to go on: Aritonang
Probe into alleged rape to go on: Aritonang JAKARTA (JP): A senior police officer has assured relatives of the late Cong Fung Moi, reportedly raped by a Thai monk, that detectives would continue to investigate the allegation even though the victim had died.City Police Spokesman Lt. Col. E.
Fri, 16 Jan 1998
Rain has come to Indonesia but the problems remain
Rain has come to Indonesia but the problems remainBy Jon Corbett and Mary Stockdale SAMARINDA: Well, the rains have finally come. The forest fires in Indonesia will no longer be news in your part of the world.
Fri, 16 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 15, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 0 AHAP Insurance 450 0 0 Alter Abadi 375 25 1,000 Alumindo Light Metal 250 0 511,500 Alumindo...
Fri, 16 Jan 1998
Government urged to start more labor-intensive schemes
Government urged to start more labor-intensive schemes YOGYAKARTA (JP): The government is being urged to implement labor-intensive programs throughout the country to avoid possible unrest due to the swelling number of unemployed or laid-off laborers.
Fri, 16 Jan 1998
Honest information needed
Honest information neededFrom NeracaIf we observe how circumstances have evolved lately, it seems that Jakartans are inclined to mass panic when the root cause, upon further observation, is uncertain information about the present economic turmoil. Clearly, rumors can easily influence the community.
Fri, 16 Jan 1998
Gajah Mada Plaza gets skating rink
Gajah Mada Plaza gets skating rink JAKARTA (JP): Ponderosa Group, which holds the local franchises for the Pizza Hut and Amigos restaurant chains, and Putt-Putt Golf & Games from the United States, introduced yesterday a facility for ice skating on synthetic ice.
Fri, 16 Jan 1998
Sovereignty at stake in govt-IMF deal, House warns
Sovereignty at stake in govt-IMF deal, House warns JAKARTA (JP): Legislators pledged full support yesterday for the government's commitment for sweeping economic reforms reached after consultation with the International Monetary Fund, but warned that it should not sacrifice the people and the...
Fri, 16 Jan 1998
Tourism bodies ready to lure in Asian tourists
Tourism bodies ready to lure in Asian tourists JAKARTA (JP): The Indonesian Tourism Promotion Board (BPPI), in cooperation with national flag carrier Garuda Indonesia, the Association of Indonesian Tour and Travel Agencies (ASITA) and Singapore Airlines (SIA), launched special travel packages...
Fri, 16 Jan 1998
New monetary and exchange rate policy
New monetary and exchange rate policy JAKARTA (JP): The Letter of Intent on reinforced and strengthened reform measures agreed with the IMF which was signed by President Soeharto yesterday was supplemented with a 13-page appendix which contains a Memorandum on Economic and Financial Policies.
Fri, 16 Jan 1998
Japan supports RI reforms under IMF agreement
Japan supports RI reforms under IMF agreement TOKYO (Agencies): Prime Minister Ryutaro Hashimoto pledged Japan's continued support for Indonesia's economic rehabilitation yesterday following the signing of an agreement linked to a massive IMF-led bailout.
Fri, 16 Jan 1998
Soeharto holds rare media conference
Soeharto holds rare media conference JAKARTA (JP): President Soeharto explained the newly negotiated economic reform package which he will carry out under the supervision of the International Monetary Fund (IMF) in a rare media conference yesterday held in his living room at his residence on Jl.
Fri, 16 Jan 1998
Coping with crisis
Coping with crisis President Soeharto finally demonstrated a full recognition of the economic crisis in which the nation is currently mired by committing himself to a strengthened reform program which will hit hard, among other things, at the business interests of his family members and close...
Fri, 16 Jan 1998
Economists welcome economic reforms
Economists welcome economic reforms JAKARTA (JP): Economists and capital market analysts hailed yesterday's massive economic reform program as an extraordinary measure to restore confidence in the country's economy.They all described the program as a nondiscriminatory bold move.
Fri, 16 Jan 1998
Leading government critics join hands for reforms
Leading government critics join hands for reforms JAKARTA (JP): Some twenty prominent government critics, including Megawati Soekarnoputri, Amien Rais, Ali Sadikin and Supeni, urged the government to make urgent economic and political reforms at a meeting here yesterday.
Fri, 16 Jan 1998
Richard Gere stands on anti-China soapbox in 'Red Corner'
Richard Gere stands on anti-China soapbox in 'Red Corner'By Stevie Emilia JAKARTA (JP): Red Corner is the sort of film that hits you in the gut, invoking a nameless fear of being framed for murder in a foreign country (China, in this case) known for its complicated legal system.
Fri, 16 Jan 1998
PWI upbeat media will survive crisis
PWI upbeat media will survive crisis JAKARTA (JP): Chairman of the Indonesian Association of Journalists (PWI) Sofjan Lubis said yesterday he was confident that despite the economic crisis and the high price of newsprint, no Indonesian publication would close down or go bankrupt.
Fri, 16 Jan 1998
'Love rupiah' drive (1)
'Love rupiah' drive (1) Mrs. Siti Hardiyanti Rukmana (Mbak Tutut), in all earnestness, has started a campaign to make the people of Indonesia love their currency. With much fanfare, ministers, government officials and a few businessmen also "sold" their dollars.
Fri, 16 Jan 1998
S&P downgrades ratings of RI banks
S&P downgrades ratings of RI banks JAKARTA (JP): International ratings agency Standard and Poor's Corp (S&P) yesterday downgraded its ratings on 15 Indonesian banks to reflect the economic deterioration caused by the rupiah's rapid fall.
Fri, 16 Jan 1998
Chilly champ Mia in tough test at Japan Open
Chilly champ Mia in tough test at Japan Open TOKYO (AFP): Indonesian Mia Audina survived an unexpectedly tough challenge from Japan's Kanako Yonekura yesterday as she continued her defense of her women's singles title at the Yonex Japan Open badminton event.
Fri, 16 Jan 1998
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Double negatives aren't the most agonizing form of death for the language learner, but you might not be able to convince...
Fri, 16 Jan 1998
Spiritual crisis 'root of problems'
Spiritual crisis 'root of problems' JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher said yesterday that the root of the nation's problems stemmed from a spiritual crisis emanating from pervasive materialism.
Fri, 16 Jan 1998
Coconut oil prices lower in Euro market
Coconut oil prices lower in Euro market LONDON (Reuters): Coconut oil prices closed sharply lower in active trading on the European vegetable oil market during Wednesday afternoon.Prices have fallen a total of $50 to $55 a ton since Indonesia said on Tuesday it would not ban the export of coconut...
Fri, 16 Jan 1998
Property market to remain sluggish
Property market to remain sluggish JAKARTA (JP): The property market would remain sluggish until 1999 as a decrease in demand for space from local companies would continue, a leading property consultancy firm said yesterday.
Fri, 16 Jan 1998
Vehicle thief shot dead
Vehicle thief shot dead JAKARTA (JP): An alleged motorcycle thief has been shot dead by a police patrol in West Jakarta, City Police spokesman Lt. Col. E. Aritonang said yesterday.He said the suspect, identified as Siog bin Karyo, 32, allegedly stole a motorcycle belonging to Powing Cie Kiu, 30, of...
Fri, 16 Jan 1998
Reforms fails to impress rupiah and stocks
Reforms fails to impress rupiah and stocks JAKARTA (JP): A new reform measure announced by the government yesterday failed to impress financial markets yesterday, with both the rupiah and share prices losing ground in moderate trading.
Fri, 16 Jan 1998
Bank Jakarta defied warnings: Lawyers
Bank Jakarta defied warnings: Lawyers JAKARTA (JP): Government lawyers revealed yesterday that the liquidated Bank Jakarta, owned by President Soeharto's half brother Probosutedjo, had been ailing over the past several years and that it had ignored dozens of warning letters prior to its closure in...
Fri, 16 Jan 1998
Economic, political reforms must empower people: NGOs
Economic, political reforms must empower people: NGOs JAKARTA (JP): Three rural-based non-governmental organizations are calling for economic and political reforms that will empower people.Activists of the Bandung-based Akatiga and Jakarta-based Bina Desa and LPIST said that attention should be...
Fri, 16 Jan 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 TV Drama: Peringatan Allah 6:00 News: Lintasan Berita 6:05...
Fri, 16 Jan 1998
Bank Lippo's Cirrus frustrating
Bank Lippo's Cirrus frustrating I am holder of a Lippo ATM card bearing the Cirrus and Alto logos No.705-15-01676-1. On Jan. 6, I withdrew Rp 400,000 from the Bank Seri Partha ATM with the Cirrus logo at Legian in Bali.
Fri, 16 Jan 1998
Is Japan responsible for the crisis?
Is Japan responsible for the crisis?By Edward Neilan Don't blame Indonesia, blame Japan for irresponsibility in setting precedents for loose lending, corruption patterns. Confidence is the issue in widening Asian financial crisis.
Fri, 16 Jan 1998
Students rally for actions to defuse crisis
Students rally for actions to defuse crisis BOGOR (JP): Dozens of students participated in a rally outside of the Bogor legislative council office Wednesday to urge authorities to take immediate steps to cope with the current economic turmoil.
Fri, 16 Jan 1998
192,000 people temporarily hired
192,000 people temporarily hired BREBES, Central Java: As of Tuesday, the local administration had hired as many as 192,000 people who had lost their jobs in labor-intensive projects such as building dams, cleaning drains and rivers and renovating city roads, an official said.
Fri, 16 Jan 1998
Weak Asian tiger ends West's easy takings
Weak Asian tiger ends West's easy takingsBy Martin Woollacott LONDON: Rioters in Bandung smash the windows of Chinese stores, while in Saigon thousands watch the execution of businessmen charged with corruption.
Fri, 16 Jan 1998
Agroindustry could lead Indonesian economic recovery
Agroindustry could lead Indonesian economic recovery We have been closely following the domestic food situation and asked Dr. H.S. Dillon, Executive Director of the Center for Agricultural Policy Studies, who has held various senior positions in the Ministry of Agriculture.
Fri, 16 Jan 1998
Laggard U.S. risks losing Asian influence: Analyst
Laggard U.S. risks losing Asian influence: Analyst SINGAPORE (Reuters): The U.S. response to Asia's huge economic crisis has been slow and inadequate, risking a serious loss of influence and even an anti-American backlash over the long term, Asian analysts said yesterday.
Fri, 16 Jan 1998
Police continue two murder investigations
Police continue two murder investigations TANGERANG (JP): Local police are still investigating two separate murder cases which occurred here earlier this week.Tangerang Police chief Lt. Col. Ariyanto Boedihardjo said yesterday that the motives for both killings remained unknown and that his...
Fri, 16 Jan 1998
Bank workers, pedestrian shot in armed robbery
Bank workers, pedestrian shot in armed robbery JAKARTA (JP): Two bank employees and a pedestrian were shot during an armed robbery in the parking lot of Harapan Kita Hospital in West Jakarta yesterday morning.
Fri, 16 Jan 1998
Highlights of the IMF economic reform package
Highlights of the IMF economic reform package JAKARTA (JP): These are some of the main points in the memorandum attached to the letter of intent from President Soeharto to the International Monetary Fund.* Gradual elimination of fuel and electricity subsidies, starting on April 1.
Fri, 16 Jan 1998
Asia to get restive and have more jobless
Asia to get restive and have more jobless The pool of jobless and underemployed workers in Asia will grow bigger and more restive in the coming months, writes Prangtip Daorueng of Inter Press Service. BANGKOK: Workers across East Asia, many of them used to decades of job security, face increasingly...
Fri, 16 Jan 1998
Full text of IMF statement on Indonesia
Full text of IMF statement on Indonesia JAKARTA (JP): The following is the full text of the statement yesterday by International Monetary Fund (IMF) Managing Director Michel Camdessus on the IMF fresh reform program with Indonesia:As you know, an IMF staff team together with Mr Fischer and myself,...
Fri, 16 Jan 1998
KONI to finance training if govt budget canceled
KONI to finance training if govt budget canceled JAKARTA (JP): National Sports Council task force chairman Muhammad Hindarto said yesterday the council would still finance training for the 13th Asian Games if the National Development Planning Board canceled its plan to provide Rp 2 billion...
Thu, 15 Jan 1998
Camdessus hopes for solid agreement
Camdessus hopes for solid agreement JAKARTA (JP): IMF Managing Director Michel Camdessus said yesterday he was hopeful for a solid agreement with Indonesia on stronger and accelerated reforms after he meets with President Soeharto today.
Thu, 15 Jan 1998
Woman stabbed to death
Woman stabbed to death TANGERANG (JP): A housewife was found dead near a river in Pete village, Tigaraksa, Tuesday with stab wounds to her chest.The victim's husband, Mursid, said his wife, Sukmana, 20, left their home to wash clothes in the river after eating a predawn meal.
Thu, 15 Jan 1998
Even clergymen are robbed in Jakarta
Even clergymen are robbed in Jakarta Here are two stories of different foreign/expatriate clergymen who were robbed. However, at the time of robbery, they were not wearing their religious outfits, which, in a way, lessens the robber's sin.
Thu, 15 Jan 1998
Timber firms in 'serious trouble'
Timber firms in 'serious trouble' JAKARTA (JP): Many timber companies have serious financial problems due to sluggish demand for timber and wood-related products in domestic and overseas markets, a minister said yesterday.
Thu, 15 Jan 1998
Indonesian debt difficult to handle, HK analyst says
Indonesian debt difficult to handle, HK analyst says HONG KONG (Reuters): Indonesia's debt, the subject of International Monetary Fund talks in Jakarta this week, is expected to be much more difficult to manage than South Korea's.
Thu, 15 Jan 1998
IMF-led bank closures fuel Asia woes
IMF-led bank closures fuel Asia woes SINGAPORE (Reuters): Harvard economist Jeffrey Sachs said yesterday the International Monetary Fund's (IMF) efforts to reform Asia's stricken economies had worsened the crisis by triggering a banking sector collapse.
Thu, 15 Jan 1998
Rice production increase expected
Rice production increase expected JAKARTA (JP): Indonesia's rice production will increase this year because the weather is expected to be more conducive for rice planting than last year, Minister of Agriculture Sjarifudin Baharsjah said yesterday.Rice production will likely rise by up to 7.
Thu, 15 Jan 1998
More than 3% of S'pore loans to Asia default
More than 3% of S'pore loans to Asia default SINGAPORE (Agencies): Some 3.2 percent of loans totaling S$41 billion (US$24.1 billion) lent by Singapore banks to customers in the Asian region have turned bad, Deputy Prime Minister Lee Hsien Loong said yesterday.