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Thu, 08 Jan 1998
The year of reform
The year of reform Ismail Hasan Metareum could not have put the arguments for thorough political reform better than anyone else. His position as chairman of the United Development Party (PPP), the larger of the two minority parties, makes him an ideal candidate to carry the reform torch.
Thu, 08 Jan 1998
Draft state budget on the right track
Draft state budget on the right track On the whole, the draft state budget reflects the government's concern over the present protracted crisis. Still, the government remains confident that it can finance the strategies, even though it will have to resort to funds derived from foreign aid.
Thu, 08 Jan 1998
Security plan 'must protect rights'
Security plan 'must protect rights' JAKARTA (JP): Human rights activists expressed their alarm at the implications of human rights protection of the Armed Forces' stern plans to crack down on possible disturbances during March's plenary meeting of the People's Consultative Assembly (MPR).
Thu, 08 Jan 1998
Bank Niaga opens new offices
Bank Niaga opens new offices JAKARTA (JP): Publicly listed Bank Niaga has expanded its banking network by adding three more offices in Jakarta since December last year, according to the company.According to a report yesterday, Bank Niaga has added one branch office in Gedung Sarana Jaya, Central...
Thu, 08 Jan 1998
RI to participate in 22 events as planned in Bangkok
RI to participate in 22 events as planned in Bangkok JAKARTA (JP): The National Sports Council chairman Wismoyo Arismunandar said yesterday the council had not changed its mind about sending athletes from 22 sports to compete in the 13th Asian Games in Bangkok in December.
Thu, 08 Jan 1998
Rupiah's drop saddens many, benefits some
Rupiah's drop saddens many, benefits some JAKARTA (JP): The rupiah's downfall has delighted some Jakartans, especially those who are paid or have deposits in U.S. dollars.But the weakening of the rupiah (from Rp 2,300 in June to over Rp 8,150 against the U.S.
Thu, 08 Jan 1998
Megawati 'not allowed' to hold PDI ceremony
Megawati 'not allowed' to hold PDI ceremony JAKARTA (JP): City Police spokesman Lt. Col. E. Aritonang said yesterday that his office would not let ousted Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri hold a celebration of the party's 15th anniversary.
Thu, 08 Jan 1998
Export of footwear may keep declining
Export of footwear may keep declining JAKARTA (JP): Export of footwear products would not reach its target unless the government lent it a hand in reducing transactional costs, an executive said yesterday.The chairman of the Association of Footwear Producers, Anton J.
Thu, 08 Jan 1998
Government urged to go all-out to stabilize rupiah
Government urged to go all-out to stabilize rupiah JAKARTA (JP): Legislators and business leaders urged the government yesterday to go all out in stabilizing the rupiah's exchange rate at Rp 4,000 to the U.S. dollar this year to help Indonesia's ailing economy.
Thu, 08 Jan 1998
Govt vows to continue food relief operation to Irian
Govt vows to continue food relief operation to Irian JAKARTA (JP): The government will continue its food-relief operation and supply more cassava flour to the drought-hit regencies in Irian Jaya, Minister of Social Services Inten Suweno said yesterday.
Thu, 08 Jan 1998
Hyundai Group shelves giant steel plant project
Hyundai Group shelves giant steel plant project SEOUL (AFP): South Korea's giant Hyundai Group said yesterday that it had put a US$6 billion steel project on ice, citing economic retrenchment required in return for the country's massive International Monetary Fund (IMF) bailout.
Thu, 08 Jan 1998
State budget's power to boost economy limited
State budget's power to boost economy limited The government has unveiled the 1998/1999 draft state budget amounting to Rp 133.49 trillion (US$33.3 billion based on a rate of Rp 4,000 to the dollar) or an increase of 32.1 percent from the current budget.
Thu, 08 Jan 1998
U.S. farm exports to Asia may fall further
U.S. farm exports to Asia may fall further CHICAGO (Reuters): U.S. agriculture exports to Southeast Asia this fiscal year may drop by more than the US$500 million the U.S. Agriculture Department estimated last month, U.S. Agriculture Department Deputy Chief Economist Joseph Glauber said Tuesday.
Thu, 08 Jan 1998
Ramadhan time for Jakarta
Ramadhan time for JakartaThursdayMaghrib 6.16 p.m.FridayImsak 4:13 a.m.Subuh 4.23 a.m.
Thu, 08 Jan 1998
Fuel prices must not increase amid crisis: Analysts
Fuel prices must not increase amid crisis: Analysts JAKARTA (JP): Analysts urged the government yesterday not to raise fuel prices until the current monetary crisis was over to prevent the country's economy from worsening.
Thu, 08 Jan 1998
Capital market dismal for new listings
Capital market dismal for new listingsBy Aloysius Unditu JAKARTA (JP): Nineteen ninety-seven has gone and 1998 has arrived. But a different year does not necessarily mean a positive change in the country's capital market.
Thu, 08 Jan 1998
Shipowners don't want rice on foreign ships
Shipowners don't want rice on foreign ships JAKARTA (JP): The Indonesian National Shipowners Association complained yesterday that most rice imports were carried by foreign-flagged vessels.Chairman Firdaus Wajdi said the association had filed a complaint with Minister of Transportation Haryanto...
Thu, 08 Jan 1998
Palm oil has good prospect
Palm oil has good prospect HAMBURG (Reuters): World palm oil prices are expected to rise sharply over the next three to four months in response to Indonesia's export ban, the independent Oil World newsletter said Tuesday.
Thu, 08 Jan 1998
Indonesian student found dead in S'pore
Indonesian student found dead in S'pore JAKARTA (JP): A 19-year-old Indonesian student was found dead Tuesday morning in a park in Woodlands, a new residential area in Singapore.An official at the Indonesian Embassy in Singapore said yesterday that evidence suggested that the deceased, Dini...
Thu, 08 Jan 1998
YKPK voices different opinion on Soeharto
YKPK voices different opinion on Soeharto JAKARTA (JP): A nationalist-oriented group, the National Brotherhood Foundation (YKPK), urged the People's Consultative Assembly yesterday not to renominate incumbent President Soeharto for the next presidential term.
Thu, 08 Jan 1998
Floods inundate thousands of homes
Floods inundate thousands of homes PADANG, West Sumatra: As many as 1,668 houses in seven villages of the 50 Kota regency were inundated by floods after incessant rain since Saturday, Antara reported.Regent Azis Haily said as many as 2,000 people have been evacuated from the worst-hit Kapur IX...
Thu, 08 Jan 1998
Economists call for action not words
Economists call for action not words YOGYAKARTA (JP): Economists called on the government yesterday to quit its rhetoric and immediately undertake concrete action to settle the monetary crisis.Two economists from the Gadjah Mada University, Anggito Abimanyu and Revrisond Baswir, said separately the...
Thu, 08 Jan 1998
Where to go in Bandung:
Where to go in Bandung:Exhibition * Ramadhan Exhibition featuring handicraft, fashion, food, at the Lobby, Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung, 10 a.m. to 8 p.m., until Jan. 29.Music and Entertainment * Holiday Inn, Jl. Ir. H.
Thu, 08 Jan 1998
Badminton body wants 20 shuttlers in Asian Games
Badminton body wants 20 shuttlers in Asian Games JAKARTA (JP): The Indonesian Badminton Association asked the National Sports Council yesterday to send a letter to the Bangkok Asian Games Organizing Committee (BAGOC) to change the number of shuttlers allowed to compete in the quadrennial event in...
Thu, 08 Jan 1998
46 foreigners arrested last year for violations
46 foreigners arrested last year for violations JAKARTA (JP): The number of foreigners arrested for abusing immigration regulations increased to 46 last year from only 23 in the previous year, an officer said yesterday.Capt.
Thu, 08 Jan 1998
Six students undergo trial for killing
Six students undergo trial for killing JAKARTA (JP): A prosecutor asked the Central Jakarta District Court yesterday to sentence six junior high school students to between two and a half years and four and a half years in jail for killing a senior high school student.Prosecutor M.
Thu, 08 Jan 1998
Young business achievers
Young business achievers JAKARTA (JP): Publicly listed Bank NISP will sponsor the national selection for the World Young Business Achiever Award '98, an annual award for young executives with outstanding achievements worldwide, the bank said yesterday.
Thu, 08 Jan 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Ninja The Wonder Boy 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Religious Program: Celah-Celah Ramadhan 6:00 News: Lintasan...
Thu, 08 Jan 1998
Kia unveils survival strategy
Kia unveils survival strategy SEOUL (AFP): South Korea's insolvent Kia Motors Corp. yesterday unveiled an aggressive survival strategy for 1998 to increase total sales from 6.36 trillion won (US$3.53 billion) last year to 7.3 trillion won this year.
Thu, 08 Jan 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 7, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 500 0 0 Alter Abadi 425 -25 3,000 Alumindo Light Metal 325 0 553,000 Alumindo...
Thu, 08 Jan 1998
IMF's $100b Asian bailout targets in growing danger
IMF's $100b Asian bailout targets in growing danger LONDON (Reuters): Tough targets set by the IMF for more than US$100 billion of Asian bailouts were in growing jeopardy on Tuesday following a disappointing Indonesian budget, analysts said.
Thu, 08 Jan 1998
Medan newspapers on brink of bankruptcy
Medan newspapers on brink of bankruptcy MEDAN, North Sumatra (JP): Five weekly newspapers in Medan are on the brink of bankruptcy due to skyrocketing newsprint prices, a publisher said yesterday.Chairman of the provincial branch of the Association of Newspaper Publishers (SPS) Faudin Daulay said...
Thu, 08 Jan 1998
E. Java workers may lose jobs
E. Java workers may lose jobs SURABAYA, East Java: The economic crisis has caused 10 companies in East Java to ask for the government's permission to dismiss 2,864 workers.An official with the province's manpower office, Mul Effendy, said yesterday the request for the mass dismissal had been made...
Thu, 08 Jan 1998
Nervous Asian currencies pull out of depths
Nervous Asian currencies pull out of depths SINGAPORE (Reuters): Southeast Asia's ravaged currencies limped tentatively out of the depths in late yesterday trade as fears of concerted central bank action halted a mad scramble for dollars.
Thu, 08 Jan 1998
Dinner at Dunia Sea Food
Dinner at Dunia Sea FoodFrom Bisnis IndonesiaOn Jan. 2, my family and I went for dinner at Dunia Sea Food, located on the third floor of Diamond Mall, Tangerang, West Java.The publicized price of Rp 6,000 per head all-you-can-eat was a point of attraction.However, low prices can be deceptive.
Thu, 08 Jan 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 7, 1998: Buying Selling Rp Rp U.S dollar 7,800.00 8,400.00 Austrian shilling 590.10 666.30 Australian dollar 4,977.00 5,255.80 Belgian franc 206.20 221.10 Canadian dollar 5,472.60 5,747.
Thu, 08 Jan 1998
Garuda operates extra flights
Garuda operates extra flights JAKARTA (JP): National air carrier Garuda Indonesia announced yesterday that it would operate extra flights to cope with an expected travel boom during the upcoming holiday of Idul Fitri.
Thu, 08 Jan 1998
More people fired in Central Java
More people fired in Central Java SEMARANG, Central Java: As many as 1,268 workers here have been laid off in the last four months due to the economic crisis, an official said yesterday.Head of the local Ministry of Manpower office, Bambang Hudi, said the number of layoffs would continue should the...
Thu, 08 Jan 1998
IMF worried over crisis in Indonesia
IMF worried over crisis in Indonesia WASHINGTON (Reuters): IMF officials on Tuesday called Indonesia's economic crisis worrisome and faulted the Jakarta government for failing to follow through on pledges to restructure the nation's economy, the Washington Post reported yesterday.
Thu, 08 Jan 1998
Families demand compensation from PLN
Families demand compensation from PLN BOGOR (JP): About 180 families in two villages here have vowed to force state-owned electricity firm PT PLN to provide them with proper compensation to move from under high-voltage electric cables running above their houses.
Thu, 08 Jan 1998
Graphic
GraphicCORRECTION: The bottom line figures in the two graphics which accompanied our headline story yesterday should read Rp 101.08 trillion and Rp 133.49 trillion respectively instead of those printed. We apologize for the inconvenience caused. -- Editor
Thu, 08 Jan 1998
Policeman killed in accident
Policeman killed in accident JAKARTA (JP): A traffic police officer died Tuesday when his motorcycle hit another speeding motorcycle in Tangerang.City Police spokesman Lt. Col. E. Aritonang said yesterday the officer, First Sgt. Tatang, 27, died of severe head injuries.
Thu, 08 Jan 1998
Prison guard jailed for receiving bribe
Prison guard jailed for receiving bribe BOGOR (JP): Bogor District Court sentenced a 41-year-old prison officer, Munandar, to five months and 15 days in jail for aiding the escape of the man behind the Jagorawi toll road murder and robbery.
Thu, 08 Jan 1998
Businesspeople disappointed by govt revelation
Businesspeople disappointed by govt revelation JAKARTA (JP): Government explanations on the budget and financial matters to businesspeople were disappointing as they did not address the most basic issue on how to revive local businesses, a businessman said yesterday.
Thu, 08 Jan 1998
Workers hold staff hostage
Workers hold staff hostage SERANG, West Java: At least 160 workers of PT Univenus held two members of staff hostage as they rallied to demand for wages here Tuesday.The workers, who were serving temporary layoffs, urged the company management to pay half of their wages as stipulated by a 1996...
Thu, 08 Jan 1998
Landslide kills two while digging trench
Landslide kills two while digging trench JAKARTA (JP): Two workers suffocated to death when dirt excavated for the installation of wastewater pipes collapsed and buried them in their trench on Jl. K.H. Mas Mansyur in Central Jakarta early yesterday.
Thu, 08 Jan 1998
Latief rejects firms' proposal on wage payment
Latief rejects firms' proposal on wage payment JAKARTA (JP): Minister of Manpower Abdul Latief has flatly rejected a proposal by industry associations that the monthly fee paid to the state workers insurance company PT Jamsostek be remitted to allow companies to increase workers' minimum wage.
Thu, 08 Jan 1998
W. Kalimantan to install governor
W. Kalimantan to install governor PONTIANAK, West Kalimantan: The legislative body has set Jan. 12 for the inauguration of the West Kalimantan Governor for the 1998/2003 period although President Soeharto has not approved any of the top three candidates yet.
Thu, 08 Jan 1998
American batik artist paints loving odes to children's spirit
American batik artist paints loving odes to children's spiritBy G. Rahayu JAKARTA (JP): Self-taught artist Linda Kaun can testify to the uniqueness and intricacy of using the batik technique in painting on fabric.
Thu, 08 Jan 1998
Unlawful sale of 18 'becak' causes a stir
Unlawful sale of 18 'becak' causes a stir TANGERANG (JP): Mayor Djakaria Machmud pledged to take stern action against officials if they were found guilty of selling 18 becak (pedicab) netted in a routine operation recently.