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Found 17,759 articles

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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...

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...

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.

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.

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.

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.

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.

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.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturdayMaghrib 6:16 p.m.SundayImsak 4:15 a.m.Subuh 4:25 a.m.

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...

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.

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.

'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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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,...

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...

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.

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.

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.

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.