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Sat, 04 Apr 1998
IMF must address problem of crony capitalism: Econit
IMF must address problem of crony capitalism: Econit JAKARTA (JP): The third International Monetary Fund (IMF)- reform package for Indonesia, to be signed next week, will likely fail to revive the dying economy unless it dismantles the culture of crony capitalism, the Econit economic research group...
Sat, 04 Apr 1998
Retired Army generals get honorary promotions
Retired Army generals get honorary promotions JAKARTA (JP): Three retired Army major generals, Sintong Pandjaitan, Zaini Azhar Maulani and Kentot Harseno, were promoted to lieutenant general yesterday in an unusual though not unprecedented move.
Sat, 04 Apr 1998
Curing sick hospitals
Curing sick hospitals Hardships now endured by the less privileged in our society seem to have no limit. However, many people may have been surprised by the news in one of our front page stories yesterday that 600 patients had managed to evade paying their medical bills over the last six months at...
Sat, 04 Apr 1998
UN not optimistic over forest fire situation
UN not optimistic over forest fire situation JAKARTA (JP): The United Nations is not optimistic that its contributions to help fight forest fires in East Kalimantan will bring the situation under control, a senior visiting UN official said here yesterday."We are not optimistic, not at all.
Sat, 04 Apr 1998
Thousand Islands to be developed into tourist haven
Thousand Islands to be developed into tourist haven JAKARTA (JP): Governor Sutiyoso promised yesterday to help improve the living standards of communities in the Thousand Islands by developing the scattered islets into a tourist haven.
Sat, 04 Apr 1998
Police, military to search for missing student activist
Police, military to search for missing student activist JAKARTA (JP): The Armed Forces, rejecting speculation that they were behind the recent disappearance of a number of government critics, promised yesterday to launch a search for Andi Arief, a member of the outlawed People's Democratic Party...
Sat, 04 Apr 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 3, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 500 0 0 Alter Abadi 825 0 24,500 Alumindo Light Metal 425 0 1,122,000 Alumindo...
Sat, 04 Apr 1998
Singapore trade finance for Indonesia set at $3 billion
Singapore trade finance for Indonesia set at $3 billion SINGAPORE (Reuters): Singapore said yesterday its trade financing scheme for crisis-battered Indonesia would be US$3 billion.A statement from Prime Minister Goh Chok Tong's office confirmed a state television report from London that a...
Sat, 04 Apr 1998
Council building's roof collapses
Council building's roof collapses TANGERANG (JP): The roof of the main hall in the Tangerang Regency Council building on Jl. Ki Samaun collapsed yesterday as a result of old age and poor maintenance, an employee said.
Sat, 04 Apr 1998
GlobalNusa starts operation
GlobalNusa starts operation JAKARTA (JP): PT GlobalNusa Caraka Ekakarma has started providing store and forward telex and facsimile services in the country.The company, a subsidiary of PT Multi Eka Karma group and the Yayasan Kejuangan Panglima Sudirman Foundation, is targeting the banking and...
Sat, 04 Apr 1998
Getting out of crisis
Getting out of crisisFrom NeracaA lot has been done to alleviate the community's plight in coping with the economic crisis. The latest trend is providing free meals at certain food stalls to people in the lower income brackets who have lost their jobs because of the crisis.
Sat, 04 Apr 1998
Poor discipline upsets deputy governor
Poor discipline upsets deputy governor JAKARTA (JP): Deputy Governor of Welfare Affairs Djailani has expressed concern over shortcomings in the national discipline movement in the city.Djailani said the movement had not progressed as well as expected mainly due to difficulties such as the...
Sat, 04 Apr 1998
Sales of industrial estates remain flat, analyst says
Sales of industrial estates remain flat, analyst says JAKARTA (JP): Sales of industrial estates in Bekasi, Karawang and Purwakarta in West Java remained flat in the first quarter of this year due to persistent uncertainty over the country's political and financial situation, a report says.
Sat, 04 Apr 1998
38 heroin users arrested
38 heroin users arrested JAKARTA (JP): The City Police have arrested 38 heroin users over the past three months.Spokesman Lt. Col. E. Aritonang said Thursday that three of them were foreigners; he identified them by their initials as RN, 30, from Nigeria, TM, 35, from Zimbabwe and IM, 27, from...
Sat, 04 Apr 1998
Hartono to be tough on corrupt subordinates
Hartono to be tough on corrupt subordinates JAKARTA (JP): Minister of Home Affairs R. Hartono threatened to dismiss governors or regents found to have greased their way into office, Antara reported yesterday.
Sat, 04 Apr 1998
Tap water tariffs raised by an average of 25%
Tap water tariffs raised by an average of 25% JAKARTA (JP): City water company PDAM Jaya director Rama Boedi announced an average increase of 25 percent in tap water tariffs yesterday, the largest portion of which will be borne by affluent customers.
Sat, 04 Apr 1998
IMF, RI to sign agreement next week
IMF, RI to sign agreement next week JAKARTA (JP): A senior International Monetary Fund (IMF) official is confident the fund will be able to reach a final agreement with Indonesia next week after marathon negotiations since March 18.
Sat, 04 Apr 1998
Milk price rise theory
Milk price rise theoryFrom KompasA report in Kompas on March 4 dwelled on the rising price of milk. Prior to Lebaran, the paper also carried an analysis which estimated that after Lebaran, the price of milk would increase 100 percent. That estimate is now a fact.
Sat, 04 Apr 1998
ABRI still working on dialog
ABRI still working on dialog JAKARTA (JP): The Armed Forces is still working on the format for an effective dialog with students after its first offer to sit and talk out the youth's concern was rejected as unilaterally arranged.
Sat, 04 Apr 1998
Marijuana hidden in bird cage
Marijuana hidden in bird cage JAKARTA (JP): Police failed to catch an alleged jewelry shop robber when they raided the suspect's house last week, but they found 36 kilograms of marijuana hidden in a bird cage.
Sat, 04 Apr 1998
Annan meets Habibie over E. Timor
Annan meets Habibie over E. Timor LONDON (Reuters): United Nations Secretary-General Kofi Annan yesterday met Indonesian Vice President B.J. Habibie for an hour to discuss East Timor.Annan said he would later also meet Prime Minister Antonio Guterres of Portugal,"I would hope that we will be able...
Sat, 04 Apr 1998
Bekasi to start using idle land
Bekasi to start using idle land JAKARTA (JP): Bekasi regent Moch. Djamhari has approved for poor farmers to start cultivating 700 hectares of idle land belonging to property developers until the economic crisis is over.
Sat, 04 Apr 1998
Three local airlines stop flights to Yogyakarta
Three local airlines stop flights to Yogyakarta JAKARTA (JP): Three local privately owned airlines -- Sempati, Mandala and Bouraq -- have stopped flying to Yogyakarta in response to declining number of passengers.
Sat, 04 Apr 1998
RI has yet to cut oil output
RI has yet to cut oil output SINGAPORE (Reuters): Indonesia's foreign crude producers said yesterday they had not received anion was unchanged from March."We haven't heard anything directly from Pertamina on production cuts, apart from what we've seen in the media," said a U.S.
Sat, 04 Apr 1998
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 3, 1998: Buying Selling Rp Rp U.S dollar 1 8,000.00 9,500.00Austrian shilling 1 572.60 737.90Australian dollar 1 5,076.30 6,123.50Belgian franc 1 202.30 243.10Canadian dollar 1 5,442.
Sat, 04 Apr 1998
Asian currencies dive as Moody's ravage Japan
Asian currencies dive as Moody's ravage Japan SINGAPORE (Reuters): Asian currencies fell sharply yesterday as the yen was ravaged after U.S. ratings agency Moody's changed its outlook on Japan's sovereign debt.
Sat, 04 Apr 1998
KATI's bill comes late
KATI's bill comes lateFrom Media IndonesiaOn March 28, I went to pay my water bill at the post office. The February invoice, which had to be settled by March 25 at the latest, was delivered to my home on March 27.I was fined Rp 5,000.
Sat, 04 Apr 1998
Omita wins two golds
Omita wins two golds JAKARTA (JP): Southeast Asian Games champion Omita Olga Ompi swept to two gold medals in kata (martial arts performance) on the opening day of the fifth KASAD (Army Chief of Staff) Cup karate tournament at the Senayan indoor tennis stadium yesterday.
Sat, 04 Apr 1998
Blame yourselves for sloppy performance
Blame yourselves for sloppy performanceBy Keith Koppenol JAKARTA (JP): In some countries, the cost of staff is one of the biggest burdens for a business. In other countries it is one of the smallest. One of the problems, when labor is cheap, is inefficiency.
Sat, 04 Apr 1998
Stock prices increase by 2.3 percent
Stock prices increase by 2.3 percent JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) surged 2.3 percent yesterday on the back of positive news about the possible outcome of the negotiations between the International Monetary Fund (IMF) and the government.
Sat, 04 Apr 1998
Police hunting for 2 robbers in Bogor
Police hunting for 2 robbers in Bogor BOGOR (JP): Police are stepping up their search for two robbers who managed to escape when police raided their hideout on Wednesday.Bogor Police chief Col. Abubakar Nataprawira said yesterday eight people had been arrested during a raid on a house in Cijunjung...
Sat, 04 Apr 1998
Searching for solutions in a crisis
Searching for solutions in a crisisBy Ram S. Ramanathan JAKARTA (JP): Irrespective of how Indonesia recovers from the current economic crisis, those who govern the country need to be concerned with the massive import dependency in a land of remarkable natural wealth.
Sat, 04 Apr 1998
Focusing on conventional wisdom
Focusing on conventional wisdomBy Meuthia Ganie Rochman JAKARTA (JP): In Indonesia, conventional wisdom says that development and economic growth should be export-led. This was indulged in with relative success by the government in the mid- 1980s; the public felt released by the fact that Indonesia...
Sat, 04 Apr 1998
A law against monopolies
A law against monopolies Given the provisions contained in the State Policy Guidelines, President Soeharto's instruction to Minister of Justice Muladi to study the possibility of issuing a law against monopolies is understandable.
Fri, 03 Apr 1998
Thai army opens bases for tourists
Thai army opens bases for tourists BANGKOK (AFP): Thailand's cash-strapped army announced a plan yesterday to open up its bases around the country to tourists in an effort to raise much-needed money.Army commander Chettha Thanajaro said in a statement that the army would open some of its camps up...
Fri, 03 Apr 1998
Deutsche Bank cuts back loan exposure
Deutsche Bank cuts back loan exposure FRANKFURT (Reuters): Deutsche Bank has cut back its loan exposure to problem countries in South-east Asia by almost two billion marks, a Deutsche management board member said yesterday.
Fri, 03 Apr 1998
Laelae islanders refuse to move
Laelae islanders refuse to move UJUNGPANDANG, South Sulawesi: About 200 families on Laelae island have refused to move after the provincial administration leased the island to ALatieF Corp. which plans to develop it into a tourist resort.
Fri, 03 Apr 1998
Taboo: Talking about it rather than doing it
Taboo: Talking about it rather than doing it MEGAMENDUNG, Bogor (JP): The quiet wooden grandeur of the Sadaparibhuta Vihara did nothing to absorb the muffled murmurings of some of the 700 people seated in the temple.
Fri, 03 Apr 1998
Fair to feature education expo
Fair to feature education expo JAKARTA (JP): The upcoming Jakarta Fair will, for the first time ever, feature a large education exhibition aimed at luring rich Indonesian students to study at local schools and universities.
Fri, 03 Apr 1998
Orangutans get helping hand
Orangutans get helping hand SAMARINDA, East Kalimantan: The Samboja Forest Research Center here has rescued several orangutans trapped in the Sangatta forest area in Kutai district.The head of the research center, Adi Susilo, said yesterday that the orangutans were believed to have come from Kutai...
Fri, 03 Apr 1998
Food relief yet to reach famine victims in Irian Jaya
Food relief yet to reach famine victims in Irian Jaya JAKARTA (JP): Amid fresh reports of food shortages in East Kalimantan, hundreds of boxes of food relief for famine victims in Puncak Jaya, Irian Jaya, are sitting in storage due to a poor distribution system.
Fri, 03 Apr 1998
RI, IMF agree on new targets
RI, IMF agree on new targets JAKARTA (JP): Indonesia and the International Monetary Fund (IMF) have agreed on new economic targets and a more gradual reduction of subsidies for basic commodities, government sources said yesterday.
Fri, 03 Apr 1998
No fresh orders for many ad agencies
No fresh orders for many ad agencies JAKARTA (JP): The economic crisis has severely wounded Indonesia's advertising industry, with some ad agencies receiving no fresh orders in the past three months, analysts said yesterday.
Fri, 03 Apr 1998
88 injured in student demonstrations
88 injured in student demonstrations YOGYAKARTA (JP): The continuing wave of student protests reached new heights yesterday when thousands of youths tried to march off their campuses here and clashed with security personnel, leaving 88 injured.
Fri, 03 Apr 1998
Aussies keep tariff barrier on RI copy paper
Aussies keep tariff barrier on RI copy paper CANBERRA (Dow Jones): The Australian government yesterday said it will keep price restrictions on imports of A-4 copy paper from Indonesian company PT Pabrik Kertas Tjiwi Kimia.
Fri, 03 Apr 1998
Culture of resignation
Culture of resignationFrom Media IndonesiaIn keeping with progress and globalization, ethical behavior as well as the quality of human resources needs to be improved. Professionalism needs to be complemented with good ethics, openness, creativity and integrity.
Fri, 03 Apr 1998
Government lowers this year's tourist arrivals target
Government lowers this year's tourist arrivals target JAKARTA (JP): The government has revised down its foreign tourist arrivals target for this year about 15 percent to 5.5 million from the initial projection of 6.5 million.
Fri, 03 Apr 1998
Lonsum has new president
Lonsum has new president JAKARTA (JP): Publicly-listed plantation company PT PP London Sumatra (Lonsum) Indonesia has appointed Muhammad Akib as temporary president to replace Geoff Brown, the company said yesterday.
Fri, 03 Apr 1998
Court rejects lawsuit filed against police
Court rejects lawsuit filed against police JAKARTA (JP): South Jakarta District Court predictably rejected lawsuits filed by 57 Megawati Soekarnoputri supporters against Jakarta Police Chief Maj. Hamami Nata over their detention yesterday.
Fri, 03 Apr 1998
Unocal provides scholarships
Unocal provides scholarships JAKARTA (JP): American energy company Unocal Corporation is to provide up to US$1 million in scholarships for Southeast Asian students to study petroleum and related disciplines at the Colorado School of Mines (CSM).