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Fri, 02 Jan 1998
S&P lowers Indonesian ratings, outlook negative
S&P lowers Indonesian ratings, outlook negative JAKARTA (JP): Standard & Poors has cut Indonesia's long-term foreign currency rating to BB-plus from BBB-minus and its local currency rating to BBB-plus from A-minus.The Melbourne office of the U.S.
Fri, 02 Jan 1998
Bulog suffers losses in market operation
Bulog suffers losses in market operation JAKARTA (JP): The National Logistics Agency (Bulog) suffers a loss of at least Rp 200 per kilogram of imported rice used in its market operation, its chairman said.
Fri, 02 Jan 1998
Counterfeit goods seized
Counterfeit goods seized JAKARTA (JP): National Police officers have seized over 1,000 counterfeit items bearing famous brandnames from 32 counters at four shopping centers here.According to Ibrahim Senen of the Dermawan & Co. law firm, the counterfeit items confiscated during the Dec. 29 and Dec.
Fri, 02 Jan 1998
Calls for presidential succession grow louder
Calls for presidential succession grow louder JAKARTA (JP): Two political observers said Wednesday that to salvage the economy presidential succession should take place this year.Arbi Sanit, a lecturer at the University of Indonesia's School of Social and Political Sciences, and Dahlan Ranuwihardjo...
Fri, 02 Jan 1998
Jakarta celebrates New Year's in a modest way
Jakarta celebrates New Year's in a modest way JAKARTA (JP): Even though Jakarta celebrated New Year's Eve modestly, with no sound of the customary live and loud music, fireworks or entertainment, people's joy could still be seen across the capital.
Fri, 02 Jan 1998
Govt to merge four state-owned banks
Govt to merge four state-owned banks JAKARTA (JP): The government will merge four of the seven state-owned banks into a single bank as part of reform measures in the banking industry, says Minister of Finance Mar'ie Muhammad.
Fri, 02 Jan 1998
10-month jail for heroin users
10-month jail for heroin users JAKARTA (JP): A prosecutor asked the South Jakarta District Court Wednesday to sentence a musician and a private employee to 10 months in jail for consuming putaw, a low-grade heroin.
Fri, 02 Jan 1998
Ali Alatas to meet Kofi Annan
Ali Alatas to meet Kofi Annan JAKARTA (JP): Minister of Foreign Affairs Ali Alatas will, in his capacity as new chairman of Group-77, meet with United Nations Secretary-General Kofi Annan at UN headquarters in New York in the second week of this month.
Fri, 02 Jan 1998
Govt accused of poor human rights development
Govt accused of poor human rights development JAKARTA (JP): The Indonesian Legal Aid Foundation (YLBHI) accused the government and the Armed Forces of poorly supporting the advancement and development of human rights.