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Thu, 19 Feb 1998
Fire leaves 550 homeless
Fire leaves 550 homeless BANJARMASIN, South Kalimantan: A fire that broke out in the "diamond town" of Martapura Tuesday evening has left 550 people homeless and caused losses of about Rp 500 million (US$52,600).
Thu, 19 Feb 1998
U.S. academic at center of economic storm over currency reforms
U.S. academic at center of economic storm over currency reformsBy Rob Lever WASHINGTON (AFP): The economist tapped by Indonesia to map out a currency stabilization plan is a former adviser to the White House and to other governments, and ironically a manager of a hedge fund that has profited from...
Thu, 19 Feb 1998
Badminton body to send 22 shuttlers to All England
Badminton body to send 22 shuttlers to All England JAKARTA (JP): The Badminton Association of Indonesia will send 22 shuttlers next month to the 1998 All England Badminton Championships in Birmingham, England.The association's secretary-general, Leo Ch.
Thu, 19 Feb 1998
Bishop calls on Amien
Bishop calls on Amien YOGYAKARTA (JP): The Archbishop of Semarang, Suharyo, paid a rare courtesy call on Amien Rais, leader of the 28-million-strong Moslem organization Muhammadiyah, here yesterday.Both Suharyo and Amien declined to go into the details of what they discussed.
Thu, 19 Feb 1998
RI's political system needs reform
RI's political system needs reform Presidential and vice-presidential elections are drawing closer. Clearer signs have now emerged from political groupings about whom they are going to elect. Political scientist J.
Thu, 19 Feb 1998
ASEAN may be forced to abandon peace role
ASEAN may be forced to abandon peace role BANGKOK (Agencies): ASEAN may be forced to abandon its efforts to find a peaceful solution to the Cambodian crisis due to opposition from strongman Hun Sen, a report said yesterday.
Thu, 19 Feb 1998
Moslems told to stay away from riots
Moslems told to stay away from riots YOGYAKARTA (JP): Amien Rais, the leader of the 28-million- strong Moslem organization Muhammadiyah, called on Moslems yesterday to stay away from riots targeting the property of people of Chinese descent.
Thu, 19 Feb 1998
Soedradjad replaced
Soedradjad replaced Overall reorganization of the central bank (Bank Indonesia) had been anticipated since last week's official confirmation of the government's intention to introduce a currency board system, seen to be a quick fix solution to the rupiah volatility.
Thu, 19 Feb 1998
Grim realities predominate in pick of world press photos
Grim realities predominate in pick of world press photosBy K. Basrie JAKARTA (JP): Members of the public visiting the annual World Press Photo exhibition here are frequently left uneasy at the content of the works.
Thu, 19 Feb 1998
UNEP showcases computer database
UNEP showcases computer database JAKARTA (JP): The United Nations Environment Program (UNEP) showcased a computer database yesterday aimed at helping facilitate the transfer of green technology from industrialized to developing countries.UNEP Deputy Director Lilia G.C.
Thu, 19 Feb 1998
Public warned against making bomb threats
Public warned against making bomb threats JAKARTA (JP): Police ordered troublemakers, who have been making phony bomb threats to incite unrest, to cease the irresponsible behavior.City police spokesman Lt. Col. E. Aritonang said yesterday the bomb hoaxes had caused chaos.
Thu, 19 Feb 1998
Girl killed by hit-and-run truck
Girl killed by hit-and-run truck JAKARTA (JP): A 17-year-old schoolgirl was crushed to death by a speeding trailer truck in a hit-and-run accident on Jl. Raya Cakung-Cilincing in East Jakarta early Tuesday.
Thu, 19 Feb 1998
East Timor bus drivers on strike
East Timor bus drivers on strike DILI, East Timor: Hundreds of bus drivers staged a peaceful demonstration over the weekend against the skyrocketing prices of basic commodities, auto part and lubricant oil.They marched to the provincial legislative office, jamming the vast compound with their buses.
Thu, 19 Feb 1998
Primary regional revenue to drop more than 15%
Primary regional revenue to drop more than 15% JAKARTA (JP): The city is preparing for a gloomy 1998/1999 fiscal year as primary regional revenue is expected to drop 15.86 percent to Rp 1.72 trillion from an estimated Rp 2.03 trillion.
Thu, 19 Feb 1998
No fires by Lonsum
No fires by Lonsum JAKARTA (JP): Publicly listed PT PP London Sumatra Indonesia (Lonsum), a palm oil and rubber plantation company, has denied an allegation it used a burning method to clear land in its East Kalimantan oil palm plantation.
Thu, 19 Feb 1998
Gelora Senayan board under fire
Gelora Senayan board under fire JAKARTA (JP): Members of a House of Representatives (DPR) commission have urged the Gelora Senayan Management Board to improve the supervision of state properties within Senayan in Central Jakarta.
Thu, 19 Feb 1998
Embassies urge their citizens to beware
Embassies urge their citizens to beware WASHINGTON (Agencies): The United States, Australia and France, citing riots, looting and other security threats, have urged their citizens traveling in Indonesia to be careful and avoid demonstrations.The U.S. embassy in Jakarta told U.S.
Thu, 19 Feb 1998
Soedradjad's dismissal draws mixed reactions
Soedradjad's dismissal draws mixed reactions JAKARTA (JP): The sudden removal of Soedradjad Djiwandono from the top post at Bank Indonesia (BI), central bank, Tuesday drew mixed responses yesterday.Many observers linked it to the government's insistence to implement the controversial Currency Board...
Thu, 19 Feb 1998
Indonesia Inc.: Dream or reality?
Indonesia Inc.: Dream or reality?By C.J. de Koning This is the second of two articles on the capricious value of the Indonesia's currency. JAKARTA (JP): Last year before the crisis started in July the Indonesian government maintained a balanced rupiah budget, which it still does.
Thu, 19 Feb 1998
Where to go in Bali:
Where to go in Bali:Music and entertainment * Bali Cliff Resort, Ungasan, Bali: - Art Market: Pasar Malam and Legong Dance, Monday. - Poolside: Seloka Band, Tuesday. - Ocean Cafe: Kecak Dance, Wednesday and Saturday.
Thu, 19 Feb 1998
ABRI formally nominates Habibie
ABRI formally nominates Habibie JAKARTA (JP): B.J. Habibie's bid for the vice presidency was confirmed a one-horse race yesterday after the powerful Armed Forces (ABRI) came out in support of his candidacy.
Thu, 19 Feb 1998
Wealthy Chinese donate goods as fresh riot erupts
Wealthy Chinese donate goods as fresh riot erupts SURABAYA (JP): Scores of Chinese Indonesian entrepreneurs, who have been regular targets of recent violent protests over soaring prices, donated essential commodities and money to the needy here yesterday.
Thu, 19 Feb 1998
Expatriates
Expatriates When I read the last edition of the Sunday Post on Feb. 15: Expatriates set sail as economy sinks, I felt a strong urge to comment on some of the rather shortsighted statements with regards to the expatriates working in Indonesia, obviously with no other purpose than of bleeding the...
Thu, 19 Feb 1998
Tonasa exports cement
Tonasa exports cement JAKARTA (JP): State cement producer PT Semen Tonasa shipped the first of its exports to Sri Lanka yesterday from Ujungpandang port.Semen Tonasa president Nizar Dt Kayo said the South Sulawesi- based cement producer shipped about 14,500 tons of cement.
Thu, 19 Feb 1998
Majapahit hotel gets award
Majapahit hotel gets award JAKARTA (JP): Hotel Majapahit Mandarin Oriental in Surabaya, East Java, has been awarded the "Best Hotel by city" in the December issue of Institutional Investor magazine.The award was based on a survey last year which reviewed hotels in 106 cities around the world.
Thu, 19 Feb 1998
Asia currencies firm but still eye Indonesia
Asia currencies firm but still eye Indonesia SINGAPORE (Reuters): Indonesia's currency board dilemma dominated trade in Asian foreign exchange markets again on Wednesday, but traders appeared to be losing interest as the issue dragged on with no sign of a clear resolution.
Thu, 19 Feb 1998
Where to go in Surabaya:
Where to go in Surabaya:Music and Entertainment * Radisson Plaza Suite Hotel, at Plaza Boulevard, Jl. Pemuda 31- 37: - Kartini's Restaurant: Chinese Food Festival, 6:30 p.m. to 10:30 p.m., Electone Player, daily. Tanira Band, Friday, Saturday. - Cafe Taman: Tanira Band, daily at 7 p.m. to 10 p.m.
Thu, 19 Feb 1998
Fund raising for mosques
Fund raising for mosquesFrom Panji MasyarakatI come across fund collectors carrying charity boxes on the roadsides or on buses in Jakarta almost every day. They mostly come from the outskirts of Jakarta, asking for money from bus passengers to be utilized for mosque construction.
Thu, 19 Feb 1998
Dialysis patients face cutbacks
Dialysis patients face cutbacks TANGERANG (JP): State-owned Tangerang Hospital has reduced the number of patients receiving dialysis treatment to only nine per day due to the limited availability of both medicine and equipment, a director said yesterday."I cannot accept any new patients.
Thu, 19 Feb 1998
RI forex reserves decrease to $17.07b
RI forex reserves decrease to $17.07b JAKARTA (JP): Indonesia's foreign exchange reserves have decreased to US$17.07 billion as of Feb. 16 from $20.39 billion recorded on Jan. 15 and $28.85 billion at the end of June 1997, according to Bank Indonesia.Miranda S.
Thu, 19 Feb 1998
Man of 1,000 faces into record book
Man of 1,000 faces into record book SEMARANG: The Indonesian Museum of Records here has entered the name of a 75-year-old man nicknamed "the man of a thousand faces" into its record book because he is able to twist his face into numerous positions.
Thu, 19 Feb 1998
Exports remain uncompetitive despite crisis
Exports remain uncompetitive despite crisis JAKARTA (JP): Indonesia's exports have remained uncompetitive overseas despite the sharp drop in the rupiah's value against the U.S. dollar, an executive has said.
Thu, 19 Feb 1998
Australia concerned over impact of unrest
Australia concerned over impact of unrest CANBERRA (Reuters): Australia's defense chief expressed concern yesterday about Indonesia's ability to control widespread rioting and the potential for social unrest there to undermine regional stability.
Thu, 19 Feb 1998
PLN can legally renegotiate purchase contracts
PLN can legally renegotiate purchase contracts JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) is legally allowed to renegotiate its U.S. dollar- based power purchasing contracts due to the current currency crisis, a legal expert has said.
Wed, 18 Feb 1998
Coffee business perks up in Central Aceh
Coffee business perks up in Central AcehBy Saidulkarnain Ishak LHOKSEUMAWE (Antara): While most of the country whimpers and wails about the monetary crisis, Central Aceh's coffee growers have much to smile about.
Wed, 18 Feb 1998
Germany is a reliable partner for development and reform
Germany is a reliable partner for development and reformBy Theo Waigel JAKARTA (JP): My visit to Jakarta takes place at a time of great difficulty for Indonesia and for its people. I have come here with a twofold purpose: to make a personal assessment of the state of the economy, and to assure...
Wed, 18 Feb 1998
SEA Games puzzle still lingers
SEA Games puzzle still lingers JAKARTA (JP): Minister of Sports and Youth Affairs Hayono Isman has pledged to resolve the controversy over the amount of funds raised through sticker sales for the SEA Games.
Wed, 18 Feb 1998
Educated people leasts confident about govt: Poll
Educated people leasts confident about govt: Poll JAKARTA (JP): The more educated people are, the less confidence they have in the government and other state institutions, a poll concluded yesterday.The survey, conducted by the Center for the Study of Development and Democracy (CESDA), also...
Wed, 18 Feb 1998
Economic crisis hits tourism
Economic crisis hits tourism UJUNGPANDANG, South Sulawesi: The spiraling economic crisis has hit tourism hard in the popular Tana Toraja regency, an official said yesterday.Tana Toraja regent Tarsis Kodrat said that since the economic crisis began last July, revenue from the tourism sector had...
Wed, 18 Feb 1998
Asian stock markets recover some losses
Asian stock markets recover some losses SINGAPORE (AFP): Asian stocks closed generally higher yesterday, reversing the previous day's losses and surprising some brokers due to continued uncertainty about Indonesia.Singapore's benchmark stock index ended 1.
Wed, 18 Feb 1998
S'pore parliament focuses on RI
S'pore parliament focuses on RI SINGAPORE (Reuters): Singapore's parliament will focus on Indonesia's economic crisis when it holds a new session this week, the government said in a statement yesterday.
Wed, 18 Feb 1998
Govt to provide incentives to boost textile exports
Govt to provide incentives to boost textile exports JAKARTA (JP): The government plans to provide financial incentives to textile companies to boost their exports.Minister of Industry and Trade Tunky Ariwibowo said yesterday the government would provide credit and other financing facilities to...
Wed, 18 Feb 1998
Low prices squeeze dairy farmers
Low prices squeeze dairy farmersBy M.M.I Ahyani BANDUNG (JP): A five-year-old local boy, when told his parents could no longer afford to buy milk powder for him because its price had soared in the last few weeks, suggested that the family raise a milch cow so he could drink straight from its udder.
Wed, 18 Feb 1998
Indonesia Incorporated: Dream or reality?
Indonesia Incorporated: Dream or reality?By C.J. de Koning This is the first of two articles on the capricious value of the Indonesia's currency. JAKARTA (JP): In the discussions about a desirable rupiah-U.S. dollar exchange rate, nearly all focus is on the price element of the exchange rate.
Wed, 18 Feb 1998
Stock prices up 3.1% on foreign buying
Stock prices up 3.1% on foreign buying JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) climbed 3.1 percent yesterday on the back of strong foreign buying for certain selected stocks, analysts said.
Wed, 18 Feb 1998
Cavallo says rupiah debate is damaging
Cavallo says rupiah debate is damaging BUENOS AIRES (Reuters): The public disagreement over Indonesia's plans to set up a currency board is doing little to stabilize the rupiah currency, the architect of Argentina's currency peg, Domingo Cavallo, said Monday.
Wed, 18 Feb 1998
IMF 'not against' govt's CBS plan
IMF 'not against' govt's CBS plan JAKARTA (JP): The International Monetary Fund (IMF) is not entirely against the government's plan to adopt a currency board system (CBS), the fund's liaison official for Indonesia said yesterday.
Wed, 18 Feb 1998
CBS: A cure-all or experiment?
CBS: A cure-all or experiment?By Joe L. Spartz JAKARTA (JP): Whether the proposed currency board system ultimately turns out to be a Damocles sword or a panacea for the ailing rupiah depends on a number of factors and conditions.
Wed, 18 Feb 1998
PLN pays for power at below agreed rates
PLN pays for power at below agreed rates JAKARTA (JP): The state electricity company PLN has continued to buy power from private companies at a rate of Rp 2,450 per dollar despite agreements to pay according to current exchange rates.
Wed, 18 Feb 1998
Currencies unmoved by BI governor's exit
Currencies unmoved by BI governor's exit SINGAPORE (Reuters): Asian currencies were subdued yesterday as traders mulled the likelihood of Indonesia ploughing ahead with a currency board system despite daily criticism of the proposal.