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Sat, 10 Jan 1998
Japanese creditors fret over Indonesia domino effect
Japanese creditors fret over Indonesia domino effect TOKYO (Reuters): The prospect that Indonesia might declare a debt moratorium is striking fear among Japanese creditors, who hold the lion's share of debt in the Southeast Asian nation.
Sat, 10 Jan 1998
Honest driver
Honest driver On Jan. 4, 1998, I took a Silver Bird taxi from my home in Kemang to Gambir train station for a quick getaway to Bandung. You can imagine my disappointment when I realized I had lost my camera.
Sat, 10 Jan 1998
Leading figures must unite to fight crisis
Leading figures must unite to fight crisis JAKARTA (JP): Political observer Franz Magnis Suseno says it is high time nationalist figures and religious leaders put their differences aside and join forces to help the country cope with the various crises facing it today.
Sat, 10 Jan 1998
Army chief warns against panic buying
Army chief warns against panic buying JAKARTA (JP): Army Chief of Staff Gen. Wiranto lamented yesterday unfounded rumors on the shortage of basic commodities which had triggered panic buying, and warned people against stockpiling daily needs for their own benefit.
Sat, 10 Jan 1998
Soeharto pledges to implement reforms
Soeharto pledges to implement reforms JAKARTA (JP): President Soeharto told U.S. President Bill Clinton yesterday morning that he remained committed to economic reforms agreed upon with the International Monetary Fund (IMF).
Sat, 10 Jan 1998
S&P downgrades Indonesia's ratings
S&P downgrades Indonesia's ratings HONG KONG (Reuters): Standard and Poor's Corp said yesterday that it had downgraded Indonesia's ratings and that it may cut ratings further.S&P said it cut Indonesia's long-term foreign currency rating to BB from BB-plus.
Sat, 10 Jan 1998
SilkAir crash spurs checks of Boeing 737s
SilkAir crash spurs checks of Boeing 737s WASHINGTON (Agencies): The Federal Aviation Administration on Thursday ordered inspections of 211 Boeing 737 airliners to check hinge fasteners discovered missing from a jet that crashed last month in Indonesia.
Sat, 10 Jan 1998
RI Eurobonds illiquid amid financial crisis
RI Eurobonds illiquid amid financial crisis LONDON (Reuters): Holders of illiquid Indonesian Eurobonds are examining the possibility of a debt moratorium being announced amid the country's financial and credit crisis, bankers said on Thursday.
Sat, 10 Jan 1998
Clinton and IMF dispatch top officials to RI
Clinton and IMF dispatch top officials to RI WASHINGTON (Agencies): The Clinton administration and the International Monetary Fund, responding to a worsening economic crisis in Indonesia, dispatched top officials to Jakarta to discuss salvaging a faltering bailout effort.
Sat, 10 Jan 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Atin Pekok Wj.'s Specialist Spontanism Artist, at Shang Palace Foyer, Shangri-La Hotel, Jl. Jend. Sudirman Kav.1, Central Jakarta, 9 a.m. to 10 p.m., until Jan. 11.
Sat, 10 Jan 1998
Govt introduces labor-intensive public projects
Govt introduces labor-intensive public projects JAKARTA (JP): The government has created temporary jobs for 3.9 million people who have lost their jobs due to the monetary crisis.The government launched yesterday a Rp 33 billion (US$4 million) labor-intensive public works project in 30 mayoralties...
Sat, 10 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 9, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 450 0 0 Alter Abadi 325 0 0 Alumindo Light Metal 250 -50 208,000 Alumindo...
Sat, 10 Jan 1998
Susi withdraws from Japan Open
Susi withdraws from Japan Open JAKARTA (JP): Indonesia's number one women's badminton player Susi Susanti has withdrawn from the Japan Open championships due to suffering from a reoccurring thigh injury.
Sat, 10 Jan 1998
C-C Amatil has yet to feel RI impact
C-C Amatil has yet to feel RI impact SYDNEY (Reuters): Coca Cola Amatil Ltd, the Australian-based bottler heavily exposed to Indonesia, said yesterday the economic crisis developing there had yet to affect the group's operations.
Sat, 10 Jan 1998
PRICELIST
PRICELIST Latest available prices of a selection of new cars on sale in Indonesia. Prices in millions of rupiah. All on the road except Mercedes. To convert add about 25 percent of cost. (Data correct at time of going to print.) From To Toyota Kijang Baru 37.2 64.75 Kijang Jantan Raider 54.
Sat, 10 Jan 1998
KL logs $152m trade surplus
KL logs $152m trade surplus KUALA LUMPUR (AFP): Malaysia logged a trade surplus of 700 million ringgit (US$152 million) in November against a deficit of 300 million ringgit a year earlier, the statistics department said yesterday.Exports grew by 30.9 percent to 11.
Sat, 10 Jan 1998
PSSI awaits sponsor for league competitions
PSSI awaits sponsor for league competitions JAKARTA (JP): The Indonesian Soccer Association (PSSI) is still waiting for a reply from its promoter to find a main sponsor for the Indonesian league competitions.
Sat, 10 Jan 1998
Singapore's safe haven image shattered: Analysts
Singapore's safe haven image shattered: Analysts SINGAPORE (Reuters): A 340-point stock market plunge and a seven-year low for its sagging currency this week has shattered Singapore's reputation as a safe haven from Asia's financial maelstrom, analysts said yesterday.
Sat, 10 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaSaturdayMaghrib 6:16 p.m.SundayImsak 4:15 a.m.Subuh 4:25 a.m.
Sat, 10 Jan 1998
KLM, MAS set to enter partnership
KLM, MAS set to enter partnership AMSTERDAM (Reuters): KLM Royal Dutch Airlines said yesterday it expected to reach a code-sharing agreement soon with Malaysia Airlines.The deal would be another link in KLM's Asia-Pacific chain, increasing its destinations in Australia and would offer Malaysia...
Sat, 10 Jan 1998
Almost 60% of RI debt short-term, says BIS
Almost 60% of RI debt short-term, says BIS ZURICH (Reuters): Almost 60 percent of Indonesia's debt to major international banks is short-term, slightly below the Asian average of 62 percent, figures from the Bank for International Settlements (BIS) show.By the end of June 1997, Indonesia owed $58.
Sat, 10 Jan 1998
Rupiah strengthens on reform commitment
Rupiah strengthens on reform commitment JAKARTA (JP): The rupiah bounced back more than 20 percent at its peak yesterday, after a dramatic collapse Thursday, thanks to the central bank's support and various positive news in the market.Currency dealers said sentiment had improved after U.S.
Sat, 10 Jan 1998
'We have more than enough rice'
'We have more than enough rice' JAKARTA (JP): The government called on people not to panic yesterday, assuring them the country had a large supply of basic food commodities, including rice, to last until March.
Sat, 10 Jan 1998
RI woes overshadow Thailand credit cut
RI woes overshadow Thailand credit cut NEW YORK (Reuters): Thailand's financial assets came under another round of pounding Thursday, as the meltdown of Indonesian markets sent fresh shock waves through the region, U.S.-based traders and analysts said.
Sat, 10 Jan 1998
Yamaha to cut RI's output
Yamaha to cut RI's output TOKYO (AFP): Japan's Yamaha Motor Co. Ltd. will slash its 1998 motorcycle output in Indonesia and Thailand in line with its decision to freeze new investment in the crisis-hit region, a spokesman said yesterday.
Sat, 10 Jan 1998
British zoo returns rhino
British zoo returns rhino BANDAR LAMPUNG, Lampung: A two-horned Sumatran rhino (Dicerorhinus sumatranus), which has been living in London's Hawlett Zoo for the past 11 years, has been returned to its habitat at the Way Kambas National Park in Lampung, South Sumatra.
Sat, 10 Jan 1998
The panic buying
The panic buying The government's strong and fast move to flood the market with stocks of basic necessities is indeed the most effective way of coping with the panic buying in several cities which was triggered on Thursday by the collapse of the rupiah's exchange rate against the American dollar to...
Sat, 10 Jan 1998
Students protest rising prices
Students protest rising prices UJUNGPANDANG, South Sulawesi: Fifty university students and more than a dozen vendors demanded Thursday local legislators help check the escalating price of basic daily needs.
Sat, 10 Jan 1998
Car prices skyrocket as rupiah tumbles
Car prices skyrocket as rupiah tumblesBy John Aglionby THE RUPIAH's rapid disappearance into the realms of Monopoly money is putting the skids under practically every industry in Indonesia, and the automotive sector is no different.
Sat, 10 Jan 1998
Second dead baby found this year
Second dead baby found this year JAKARTA (JP): A newborn girl, estimated to be a day old, was found dead yesterday in the back of an office bathroom in North Jakarta's Tanjung Priok port.The baby was found by an employee at PT Indocement's warehouse No. 114 in the harbor compound.
Sat, 10 Jan 1998
Police detective dies in possible suicide
Police detective dies in possible suicide JAKARTA (JP): A police detective died on the way to the hospital after being found in West Jakarta Thursday with a single gun-shot wound to his forehead.The detective, Second Sgt.
Sat, 10 Jan 1998
Asia-Pacific stocks plummet
Asia-Pacific stocks plummet HONG KONG (AFP): Asia-Pacific stocks plummeted yesterday at the end of a torrid first week of trading in the new year with no let-up in a crisis of confidence plaguing regional financial markets.Manila led the decliners with a loss of 8.
Sat, 10 Jan 1998
Komatsu rules out plan of pulling out from Indonesia
Komatsu rules out plan of pulling out from Indonesia TOKYO (Reuters): Komatsu Ltd , a top Japanese maker of construction machinery, yesterday played down worries in the financial markets that the accelerating currency crisis in Asia would deal a heavy blow to its business.
Sat, 10 Jan 1998
Governor urges wealthy people to stop hoarding
Governor urges wealthy people to stop hoarding JAKARTA (JP): Governor Sutiyoso yesterday blamed upper- and middle-class Jakartans for helping spark Thursday's panic buying spree which has caused a scarcity of certain food commodities in the city.
Sat, 10 Jan 1998
Boral raises RI stake
Boral raises RI stake SYDNEY (Reuters): Building products group Boral Ltd said yesterday it had increased its share in Indonesian concrete company PT Jaya Readymix to 90 percent from 50 percent. Terms were not disclosed.
Fri, 09 Jan 1998
Inspection on Boeing 737s
Inspection on Boeing 737s WASHINGTON (AFP): The U.S. Federal Aviation Administration (FAA) is about to order the inspection of 185 Boeing 737s in the wake of last month's 737 crash in Indonesia, ABC television said Wednesday.
Fri, 09 Jan 1998
People told to suport economic rescue
People told to suport economic rescue JAKARTA (JP): Calls mounted yesterday for people to remain calm and take action to support the government's economic rescue package as the rupiah continued to dive to another low.
Fri, 09 Jan 1998
The role of vendors
The role of vendors The recent decision taken by the authorities in Bandung and Jakarta to allow roadside vendors to operate during certain hours of the day in officially designated areas is a wise one that should be welcomed, especially under the present difficult circumstances.
Fri, 09 Jan 1998
The Indonesian art of criticizing
The Indonesian art of criticizing A long time ago, back in 1967, the Attorney General held a friendly meeting with the late Mahbub Djunaedi, from the Indonesian Press Association, to discuss a very interesting topic -- criticism in the Indonesian press.
Fri, 09 Jan 1998
Indonesia downgraded, Thailand may be next
Indonesia downgraded, Thailand may be next LONDON (Reuters): Indonesia's long-term foreign currency rating was cut two notches yesterday, and Thailand appeared next in line as the Asian financial crisis deepened.
Fri, 09 Jan 1998
Press association calls for help
Press association calls for help MEDAN, North Sumatra: The North Sumatran chapter of the Association of Newspaper Publishers (SPS) is calling on the government to save five weekly newspapers here that are on the brink of bankruptcy due to the skyrocketing price of newsprint.
Fri, 09 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 8, 1998: Buying Selling Rp Rp U.S. dollar 9,000.00 9,900.00Austrian shilling 689.70 773.70Australian dollar 5,830.20 6,118.40Belgian franc 241.10 256.90Canadian dollar 6,424.10 6,705.
Fri, 09 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, 09 Jan 1998
Where to go in Bali:
Where to go in Bali:Exhibition * Painting Exhibition: Merekam Sejarah yang Menghilang, by Barbara Anello, at Le Meridien Nirwana Golf and Spa Resort, Jl. Raya Tanah Lot Kediri, Tabanan, 10 a.m. to 5 p.m., until Jan. 11.
Fri, 09 Jan 1998
Legislator dies of heart attack
Legislator dies of heart attack SURAKARTA, Central Java: Legislator Sentot Suwarsiman died of a heart attack just minutes after delivering a speech before the provincial legislative assembly Wednesday.Sentot, chief of the Indonesian Democratic Party faction at the Surakarta Legislative Assembly,...
Fri, 09 Jan 1998
Angry woman stabs husband
Angry woman stabs husband JAKARTA (JP): A woman was arrested in Central Jakarta yesterday for attempting to kill her husband, City Police spokesman Lt. Col. E. Aritonang.He said the woman, identified as Nuraida, 39, stabbed Rozali, 39, in the abdomen, chest and face with a knife following a quarrel...
Fri, 09 Jan 1998
No respite for Asian stock markets
No respite for Asian stock markets SINGAPORE (AFP): Asia-Pacific stock markets kept up their new- year plunge yesterday with no signs of a respite from the deepening regional financial crisis.Jakarta plunged 12 percent to a four-year low, Hong Kong 3.0 percent to a two-year low and Singapore 7.
Fri, 09 Jan 1998
Heavy rush seen at city's food markets
Heavy rush seen at city's food markets JAKARTA (JP): The rupiah's freefall to 10,200 against the U.S. dollar yesterday prompted crowds of shoppers to flock to markets throughout the city to purchase as many staple food items as they could.
Fri, 09 Jan 1998
French minister warns of possible Asian woes effect
French minister warns of possible Asian woes effect PARIS (AFP): There is still a risk of a "domino effect" on other economies from the Asian crisis and the G-7 is working "very hard" to limit the effects of the turmoil, French Finance Minister Dominique Strauss-Kahn said yesterday.
Fri, 09 Jan 1998
RP govt imposes national dress
RP govt imposes national dress MANILA (AFP): Filipinos working in government offices must wear national dress every Monday as part of celebrations of the centennial of the country's independence from Spain, the presidential palace said yesterday.