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Fri, 09 Jan 1998
Bank Jakarta asks for adjournment, seeks settlement
Bank Jakarta asks for adjournment, seeks settlement JAKARTA (JP): The Jakarta State Administrative Court postponed the trial of Bank Jakarta's suit against Bank Indonesia yesterday, as the privately owned bank said it would try to seek an out of court settlement over its closure.
Fri, 09 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.
Fri, 09 Jan 1998
National Police gets new spokesman
National Police gets new spokesman JAKARTA (JP): National Police chief Gen. Dibyo Widodo inducted Brig. Gen. Da'i Bachtiar as the new spokesman to his office yesterday.Da'i, who formerly served under the chief on social and political affairs, replaced Brig. Gen.
Fri, 09 Jan 1998
Rupiah recovers after free fall against dollar
Rupiah recovers after free fall against dollar JAKARTA (JP): The rupiah finally broke the psychological 10,000 barrier against the U.S. dollar in Singapore yesterday after a series of new lows in the last several days.
Fri, 09 Jan 1998
RI gets loan from S. Korea
RI gets loan from S. Korea JAKARTA (JP): The South Korean government has agreed to provide 27.5 billion won (US$15.8 million) in a soft loan to support health facility development in Indonesia despite the monetary crisis in the country.
Fri, 09 Jan 1998
Yamaha may reduce RI staff
Yamaha may reduce RI staff TOKYO (Reuters): Yamaha Motor Co. Ltd. is considering firing 700 part-time employees at its Indonesian unit if market conditions deteriorate, Yamaha president Takehiko Hasegawa told a news conference yesterday.
Fri, 09 Jan 1998
Housewife hospitalized for killing
Housewife hospitalized for killing JAKARTA (JP): The West Jakarta District Court yesterday sentenced a housewife, tried on charges of torturing her maid to death, to one year of treatment at a psychiatric hospital.
Fri, 09 Jan 1998
Economists call for more concrete efforts to restore confidence
Economists call for more concrete efforts to restore confidence JAKARTA (JP): The loss of people's confidence in the government which has worsened the monetary crisis has to be restored by revamping the current government, economists said yesterday.
Fri, 09 Jan 1998
Rupiah's sharp fall 'temporary'
Rupiah's sharp fall 'temporary' JAKARTA (JP): The governor of Bank Indonesia, the central bank, J. Soedradjad Djiwandono, said yesterday that he was optimistic the rupiah's free fall was temporary.Soedradjad said the rupiah's sharp fall against the U.S.
Fri, 09 Jan 1998
Saba sells Indonesia property
Saba sells Indonesia property SANTA MARIA (Reuters): Saba Petroleum Co. said Wednesday it is looking for ways to raise shareholder value, including possible sale of a stake in its Jatiluhur Block in Indonesia.
Fri, 09 Jan 1998
Number of blood donors drops
Number of blood donors drops SURABAYA, East Java: The number of people donating blood at the Indonesian Red Cross office here has dropped by 65 percent in the first week of the fasting month, Antara reported yesterday."On normal days, there can be between 200 and 300 donors per day.
Fri, 09 Jan 1998
Oil traders fear further RI action
Oil traders fear further RI action LONDON (Reuters): Prices for coconut oil soared in Europe late on Wednesday as traders rushed to cover their requirements ahead of a possible ban of exports by Indonesia.
Fri, 09 Jan 1998
Quality quest for this year's marquee of local films
Quality quest for this year's marquee of local filmsBy Siti MB JAKARTA (Antara): Cautious optimism may be warranted for the local movie industry this year following production of several relatively good films in 1997.
Fri, 09 Jan 1998
ABRI hails national coalition proposal
ABRI hails national coalition proposal JAKARTA (JP): Armed Forces Chief of Sociopolitical Affairs, Lt. Gen. Yunus Yosfiah, said yesterday the proposed coalition for political reform would only be welcomed if it was aimed at securing the economy and not at creating instability.
Fri, 09 Jan 1998
Swimming body not affected by rupiah plunge
Swimming body not affected by rupiah plunge JAKARTA (JP): The rupiah downturn will not prevent the Indonesian Swimming Association from training their athletes in the United States.The association's swimming technical commission chairman, Lukman Niode, said after a meeting with the National Sports...
Fri, 09 Jan 1998
A collective effort to end the crisis
A collective effort to end the crisis Even though a reform plan has been announced by the President, the market has failed to respond in a positive manner. Rather, its reaction has been negative.The value of the rupiah has continued to decline, falling to a low of more than Rp 8,000 per U.S.
Fri, 09 Jan 1998
Nationalism is a hindrance
Nationalism is a hindranceBy Joe L. Spartz JAKARTA (JP): In the wake of a free-falling rupiah and vanishing stock market values, financial gurus and investment pundits are vying to explain the causes of the financial disaster.
Fri, 09 Jan 1998
Rice stock enough, says Bulog chief Beddu Amang
Rice stock enough, says Bulog chief Beddu Amang JAKARTA (JP): Chairman of the State Logistics Agency (Bulog) Beddu Amang called on the general public yesterday not to worry about the rice supply because the agency had enough stock for several months."The public doesn't need to worry.
Fri, 09 Jan 1998
Pack up your troubles and head to the movies
Pack up your troubles and head to the movies JAKARTA (JP): The charmed world of the movies, always safe refuge from our troubles, may be your ticket this weekend to brief escape from unrelenting gloom on the sliding rupiah.Red Corner. Cast: Richard Gere, Bai Ling, Bradley Whitford.
Fri, 09 Jan 1998
U.S. urges Indonesia to do more on reforms
U.S. urges Indonesia to do more on reforms WASHINGTON (Reuters): The United States, clearly worried about the course of Indonesia's economic program, said on Wednesday Jakarta should step up efforts to convince markets it was serious about IMF-sponsored reforms.U.S.
Fri, 09 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan.8, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 450 -50 12,500 Alter Abadi 325 -100 5,000 Alumindo Light Metal 300 -25 1,992,500...
Fri, 09 Jan 1998
Asian crisis may take bite out of U.S. exports
Asian crisis may take bite out of U.S. exportsBy Rob Lever WASHINGTON (AFP): U.S. agricultural exporters, facing the prospect of sharp declines in orders from Asia, are scrambling to avoid losing markets in countries affected by the region's financial turmoil.
Fri, 09 Jan 1998
City urged to speed up labor-intensive projects
City urged to speed up labor-intensive projects JAKARTA (JP): City councilors urged the municipality yesterday to speed up the implementation of its labor-intensive projects designed to ease the unemployment crisis which has gripped the city over the past few months.
Fri, 09 Jan 1998
Lampung gets new governor
Lampung gets new governor BANDAR LAMPUNG, Lampung: Oemarsono, 58, was elected Governor of Lampung for the 1998/2003 term yesterday in a tight contest which saw him defeat two other candidates -- Syamsuddin Zakaria and Rahmat Abdullah.
Fri, 09 Jan 1998
Only 22 listed companies remain healthy: Analyst
Only 22 listed companies remain healthy: Analyst JAKARTA (JP): Only 22 of 282 firms listed on the Jakarta Stock Exchange (JSX) are operating with sufficient cash flow, according to Pentasena Securities.
Fri, 09 Jan 1998
Alamsjah dies at age of 72
Alamsjah dies at age of 72 JAKARTA (JP): Former coordinating minister for people's welfare and minister of religious affairs Lt. Gen. (ret) Alamsjah Ratu Perwiranegara, died yesterday morning at the age of 72.
Fri, 09 Jan 1998
Megawati free to hold private functions: ABRI
Megawati free to hold private functions: ABRI JAKARTA (JP): The ousted Indonesian Democratic Party (PDI) leader, Megawati Soekarnoputri, is free to hold private functions as long as it does not assume the party's name, Armed Forces (ABRI) Chief of Sociopolitical Affairs Lt. Gen.
Fri, 09 Jan 1998
Dictionaries
Dictionaries My job requires me to use dictionaries a lot. My favorite English-Indonesian and Indonesian-English dictionaries, by John M. Echols and Hassan Shadily, are published by PT Gramedia. I also use Oxford Advanced Learner's Dictionary.
Fri, 09 Jan 1998
Indonesia has no plans to close embassies yet
Indonesia has no plans to close embassies yet JAKARTA (JP): The Ministry of Foreign Affairs so far has no plans to shut down any Indonesian representative office abroad but admits that the severe depreciation of the dollar will severely effect diplomatic activities.
Fri, 09 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaFridayMaghrib 6.16 p.m.SaturdayImsak 4:14 a.m.Subuh 4.24 a.m.
Fri, 09 Jan 1998
Govt expects Rp 740b from reforestation funds
Govt expects Rp 740b from reforestation funds JAKARTA (JP): The government had targeted to collect Rp 740 billion (US$87.5 million) in reforestation funds in fiscal 1998/1999, a minister said yesterday.
Fri, 09 Jan 1998
Police seeks S'pore murder probe results
Police seeks S'pore murder probe results JAKARTA (JP): Indonesian police have called on their counterparts in Singapore to provide them with the latest investigation results of the killing of an Indonesian student there early this week, an NCB-Interpol officer said.
Fri, 09 Jan 1998
PT Kujang books profit
PT Kujang books profit JAKARTA (JP): State fertilizer firm PT Pupuk Kujang posted Rp 87 billion (US$11.6 million) in profit last year, company president Edi Madnawidjaja said yesterday.Edi said Pupuk Kujang produced 600,769 tons of urea fertilizer last year, slightly above 596,425 tons in 1996.
Fri, 09 Jan 1998
Money matters can deal marriage a harsh blow
Money matters can deal marriage a harsh blowBy Mochtar Buchori JAKARTA (JP): Is it really hard for the fabulously rich to preserve their marriage? Is it harder for them to preserve their marriage than for ordinary people who do not feel the power of money?These questions came to my mind after...
Fri, 09 Jan 1998
S. Korean Kim vows to stick to IMF terms
S. Korean Kim vows to stick to IMF terms SEOUL (AFP): South Korean president-elect Kim Dae-jung pledged yesterday to stick to a harsh International Monetary Fund (IMF) prescription and called for help in hauling South Korea out of its financial crisis.
Fri, 09 Jan 1998
S'pore to maintain defense spending
S'pore to maintain defense spending SINGAPORE (AFP): Singapore will not slash defense spending despite an economic slowdown due to financial turmoil sweeping through the region, news reports said yesterday.
Fri, 09 Jan 1998
RI needs to restore political system
RI needs to restore political system Calls for political reform have come out loud and clear as the country sinks deeper into economic crisis. Social scientist Arbi Sanit, of the University of Indonesia, shares his view on this issue.
Fri, 09 Jan 1998
Thamrin project to start in April
Thamrin project to start in April JAKARTA (JP): The city administration is scheduled to start the Thamrin Walk project along Jl. Thamrin, Central Jakarta, in April, deputy governor of development affairs Tb. M. Rais said on Wednesday.
Fri, 09 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 * An underdeveloped sense of irony prevents many Indonesian learners of English from appreciating subtleties of discourse.
Fri, 09 Jan 1998
Asian currencies tremble on rupiah's fall
Asian currencies tremble on rupiah's fall SINGAPORE (Reuters): Asia's battered currencies trembled yesterday as unfounded rumors swirled about the political situation in Indonesia.Dealers said social unrest could not be ruled out in Indonesia as the rupiah plunged 18 percent to a record low of...
Fri, 09 Jan 1998
PAL may cancel jet order
PAL may cancel jet order MANILA (AFP): Philippine Airlines (PAL) is planning to cancel its order for four Boeing 747-400 jets due to high interest rates and the currency crisis sweeping the region, a business newspaper reported yesterday.
Fri, 09 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: Senyum Buat Hari Esok 6:00 News: Lintasan Berita 6:05...
Fri, 09 Jan 1998
Reduction of expat workers sought
Reduction of expat workers sought JAKARTA (JP): Legislators are calling on the government to selectively reduce the number of foreign workers in Indonesia to help reduce the burdens on the troubled national economy."Expatriate workers, mostly paid in U.S.
Thu, 08 Jan 1998
SE Asia slow to use USDA export credit
SE Asia slow to use USDA export credit WASHINGTON (Reuters): Southeast Asian nations - with the exception of Thailand - have been slow to use existing export credit guarantees to buy U.S. farm goods, despite the U.S. Agriculture Department's recent decision to more than double their allocation.
Thu, 08 Jan 1998
Govt bans exports of CPO products
Govt bans exports of CPO products JAKARTA (JP): The government moved further to stabilize cooking oil prices by prohibiting the export of all commodities derived from crude palm oil (CPO), including those not consumed locally, starting yesterday.
Thu, 08 Jan 1998
RP battles to save its peso and economy
RP battles to save its peso and economy MANILA (Reuters): The Philippines said yesterday it planned to slash government spending and seek money from abroad as its currency fell to a new low and stocks tumbled.
Thu, 08 Jan 1998
No end to gloom in Asian stock markets
No end to gloom in Asian stock markets SINGAPORE (AFP): Asian bourses plummeted yesterday on the back of sliding regional currencies which deepened the gloom hanging over financial markets.Stocks in Hong Kong fell 5.9 percent, Singapore 4.9 percent, Kuala Lumpur 0.9 percent, Sydney 1.
Thu, 08 Jan 1998
BNI seeks best arrangement in its takeover plan of BTN
BNI seeks best arrangement in its takeover plan of BTN JAKARTA (JP): Bank Negara Indonesia (BNI) is still studying the best financial arrangement in its takeover of Bank Tabungan Negara (BTN), BNI president Widigdo Sukarman said yesterday.
Thu, 08 Jan 1998
Lightning kills mother, daughter
Lightning kills mother, daughter TEGAL, Central Java: An elderly woman and her daughter were killed by lightning as they were preparing their morning meal yesterday.Antara quoted the police as saying that Tjasiah, 70, and her 27-year-old daughter, Djuharoh, residents of Danasari village, were...
Thu, 08 Jan 1998
Asian-crisis spillover effect on European increasing
Asian-crisis spillover effect on European increasing PARIS (AFP): The Asian economic crisis is having an increasing effect on European businesses as Asian companies scale down their ambitions in Europe and because many firms fear increased competition from Asian exports.U.S.