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Wed, 25 Nov 1998
Prosecutor seeks one year jail sentence for hapless kidnapper
Prosecutor seeks one year jail sentence for hapless kidnapper BOGOR (JP): A prosecutor here has asked the local court to sentence a 20-year-old man to one year in jail for his alleged involvement in the abduction of two South Koreans earlier this year.
Wed, 25 Nov 1998
Economic and political crisis
Economic and political crisisFrom KompasWith each passing day, the economic difficulties that the Indonesian people have to deal with are getting bigger and bigger. In our social life, there is a bigger threat to security, thus causing restlessness among community members.
Wed, 25 Nov 1998
Fair elections
Fair elections Reports in The Jakarta Post from Nov. 11 to Nov. 15 hinted that Indonesia's upcoming elections will not be free and fair, and will not allow all Indonesians to express their political aspirations peacefully at the ballot box.A truly democratic system is very simple.
Wed, 25 Nov 1998
200 harmed by diving
200 harmed by diving PALU, Central Sulawesi: At least 200 divers operating without standard diving equipment in the waters of the Togean islands have either died or become incapacitated over the last seven years.
Wed, 25 Nov 1998
Calm in Ketapang but schools are still closed
Calm in Ketapang but schools are still closed JAKARTA (JP): Residents in Ketapang, West Jakarta, bore witness to an uneasy calm on Tuesday as most shops and offices in the area reopened for the first time since violent clashes erupted three days ago.Traffic clogged up Jl. K.H.
Wed, 25 Nov 1998
RI, UAE sign trade pledge
RI, UAE sign trade pledge JAKARTA (JP): Indonesia and the United Arab Emirates signed a memorandum of understanding (MOU) here on Tuesday to improve bilateral trade relations.Signatories were Andy Pancha, the vice chairman of the Jakarta chapter of the Indonesian Chamber of Commerce and Industry,...
Wed, 25 Nov 1998
Alatas slams Portugal for halting Timor talks
Alatas slams Portugal for halting Timor talks JAKARTA (JP): Minister of Foreign Affairs Ali Alatas slammed Portugal on Tuesday for suspending United Nations-sponsored negotiations over the future of East Timor based on unsubstantiated reports of a massacre in the territory.
Wed, 25 Nov 1998
Offshore mutual funds back to Southeast Asia
Offshore mutual funds back to Southeast Asia NEW YORK (Dow Jones): Offshore mutual funds that invest in Southeast Asia made a comeback last week.In Singapore, mutual funds surged 9.47 percent on average during the week ended Friday, according to Lipper Analytical Services Inc.
Wed, 25 Nov 1998
Let bad banks die
Let bad banks die What a knotty bind our nation has tied itself up in. Amid the seemingly relentless waves of rioting, positive announcements about key economic indicators such as the strengthening of the rupiah, rising exports and declining inflation look hollow and meaningless.
Wed, 25 Nov 1998
SE Asian currencies slip, but mid-term view positive
SE Asian currencies slip, but mid-term view positive SINGAPORE (Dow Jones): The yen re-exerted its baleful influence over regional foreign exchange markets on Tuesday, dragging Southeast Asian currencies lower against the U.S. dollar.
Wed, 25 Nov 1998
Sutiyoso given demand over gambling dens
Sutiyoso given demand over gambling dens JAKARTA (JP): In a rare move, city councilors on Tuesday demanded Governor Sutiyoso's resignation unless he is able to close down all of the gambling dens in the capital.
Wed, 25 Nov 1998
Plan on water tariff hike suspended
Plan on water tariff hike suspended JAKARTA (JP): The city administration, councilors, city-owned tap water company PDAM Jaya and its two foreign partners have agreed to suspend the plan to hike water rates every six months.
Wed, 25 Nov 1998
Palestinians open historic first airport
Palestinians open historic first airport RAFAH, Gaza Strip (Agencies): The Gaza International Airport opened on Tuesday with the arrival of inaugural flights from Egypt and Morocco, giving Palestinians a long-awaited economic lifeline and a key symbol of their hoped-for sovereignty.
Wed, 25 Nov 1998
Japan to extend $42b to Asia
Japan to extend $42b to Asia TOKYO (AFP): Japan is to extend five trillion yen (US$41.7 billion) in loans to help industrial restructuring in Asia, a report said Tuesday.The loans would be extended over the next five years, the Asahi Shimbun said quoting Kaoru Yosano, the minister of international...
Wed, 25 Nov 1998
Chicken for Ghalib over Soeharto probe
Chicken for Ghalib over Soeharto probe JAKARTA (JP): Disappointed and angry students on Tuesday presented a black chicken to Attorney General Lt. Gen. Muhammad Ghalib when he persistently refused to set a deadline for the investigation into former president Soeharto's wealth.
Wed, 25 Nov 1998
Indonesian coffee output down 24% due to El Nino
Indonesian coffee output down 24% due to El Nino JAKARTA (JP): A prolonged dry spell, believed to have been triggered by the El Nino weather phenomenon, is blamed for a 24 percent drop in the country's coffee output for the production year ending on Sept. 30.
Wed, 25 Nov 1998
Salim's firm takes control of PLDT for $750 million
Salim's firm takes control of PLDT for $750 million MANILA (Bloomberg): First Pacific Co., a Hong Kong company owned by Indonesia's biggest business group, paid $750 million to take control of Philippine Long Distance Telephone Co.
Wed, 25 Nov 1998
Hurry up in Jakarta
Hurry up in Jakarta After 32 years of dictatorship under President Soeharto, Indonesians are understandably eager for free elections. President B.J. Habibie must move faster in providing them and avoid the Soeharto-style repression he has flirted with in recent weeks.Mr. Habibie, who was Mr.
Tue, 24 Nov 1998
Low oil prices offer rare respite to Asian economies
Low oil prices offer rare respite to Asian economies SINGAPORE (Reuters): As oil group OPEC looks for ways to get oil prices higher, Asian governments are likely to be watching events with more than passing interest.
Tue, 24 Nov 1998
'No need to detain Soeharto if...'
'No need to detain Soeharto if...' JAKARTA (JP): Former president Soeharto will only be placed under house arrest if he is not cooperative in any government probe into corruption allegations, Attorney General Andi Muhammad Ghalib said on Monday.
Tue, 24 Nov 1998
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Nov. 23, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,350.00 7,550.00 - -Austrian schilling 1 583.00 653.00 - -Australian dollar 1 4,639.50 4,899.50 4,620.00 4,730.00Belgian franc 1 195.25 220.
Tue, 24 Nov 1998
Indonesia Air Transport soars in its services
Indonesia Air Transport soars in its services Indonesia Air Transport (IAT) began operations in 1968, initially for state oil and gas company Pertamina and its production-sharing, foreign oil companies.
Tue, 24 Nov 1998
Govt should focus on inquiry of 'Black Friday'
Govt should focus on inquiry of 'Black Friday' JAKARTA (JP): Students have demanded that the government concentrate on investigating the Semanggi tragedy rather than waste time on charging people with treason.The clashes between students and security officers on Nov. 12 and Nov.
Tue, 24 Nov 1998
Rates for tax payment, valid from Nov. 23 to Nov. 29
Rates for tax payment, valid from Nov. 23 to Nov. 29 U.S. dollar 1 Rp 7,450.00Austrian schilling 1 628.17Australian dollar 1 4,714.36Belgian franc 1 213.84Canadian dollar 1 4,797.78Swiss franc 1 5,368.60Deutschemark 1 4,416.12Danish krone 1 1,163.16French franc 1 1,317.19Poundsterling 1 12,378.
Tue, 24 Nov 1998
Ananda to join Edenbridge racing team
Ananda to join Edenbridge racing team JAKARTA (JP): Young Indonesian driver Ananda Mikola will sign a two-year contract with the Edenbridge racing team for next season's Formula 3000 championship in England.
Tue, 24 Nov 1998
Committed to safety and security
Committed to safety and security PT Gatari Air Service is one of the players in the Indonesian aircraft charter industry. Established in 1983, it has 23 aircraft.The company's services in the Indonesia market are mainly in mining and coal companies, especially foreign companies such as Caltex,...
Tue, 24 Nov 1998
Trisakti, CHN to develop self-auditing system
Trisakti, CHN to develop self-auditing system JAKARTA (JP): Trisakti Tourism Academy signed on Monday a memorandum of understanding (MOU) with a Dutch hotel management school for the introduction of a self-auditing system for hoteliers, restaurateurs and catering service operators here.
Tue, 24 Nov 1998
Mines and energy sector and the crisis
Mines and energy sector and the crisis The monetary crisis has influenced all business sectors. But in the mines and energy sector, the impact has been less severe.Minister of Mines and Energy Kuntoro Mangkusubroto said: "This is because the mines and energy sector is a long-life industry.
Tue, 24 Nov 1998
Search still on for crew members
Search still on for crew members KUPANG, East Nusa Tenggara: Fifteen crew members of the Putra Timor Sarana 03 fishing boat are still unaccounted for since the boat went missing on Nov. 18. The boat was last seen around Rote island in Kupang regency.
Tue, 24 Nov 1998
ABRI supports Habibie, rejects presidium
ABRI supports Habibie, rejects presidium JAKARTA (JP): The Armed Forces (ABRI) headquarters again announced its support for President B.J. Habibie's administration, saying a presidium was not constitutional.Armed Forces Chief of Territorial Affairs, Lt. Gen.
Tue, 24 Nov 1998
IBRA appoints appraiser
IBRA appoints appraiser JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has appointed independent appraiser PT Satyatama Graha Tara and independent storage service provider PT Balindo to support the auction process of non-core assets of 10 banks suspended in April and August.
Tue, 24 Nov 1998
Japan to offer Thailand $500 million bond loan
Japan to offer Thailand $500 million bond loan BANGKOK (AFP): Japan is to grant Thailand a US$500 million yen-denominated loan to help rescue the country's crisis-hit state sector, Thai Finance Minister Tarrin Nimmahaeminda said Monday.
Tue, 24 Nov 1998
Jakarta Initiative seeking $2.5b to help restructuring
Jakarta Initiative seeking $2.5b to help restructuring JAKARTA (JP): The Jakarta Initiative Task Force chairman Jusuf Anwar said on Monday that he was inviting multi-national companies (MNCs) to provide at least US$2.5 billion to be used as working capital for indebted local companies.
Tue, 24 Nov 1998
Letter to the President
Letter to the PresidentFrom MerdekaI am only a mother and a housewife, but if you asked me, "What is the best thing that we can do for this angry nation?", I would reply:1. Do not talk too much anymore, especially not in a threatening tone.2.
Tue, 24 Nov 1998
Tommy questioned over Rp 52.5b land swindle
Tommy questioned over Rp 52.5b land swindle JAKARTA (JP): The youngest son of former president Soeharto, Hutomo Mandala Putra, spent three hours at the Attorney General's office on Monday answering questions about a Rp 52.5 billion land scam in North Jakarta.
Tue, 24 Nov 1998
Friday tragedy
Friday tragedy My heart cried and my eyes misted over when I saw the terrifying war-like scene on television on Nov. 13. It was a real bloody Friday! The nightmare we feared -- a clash between security forces and student protesters -- came true.
Tue, 24 Nov 1998
Large businesses call for changes to monopoly bill
Large businesses call for changes to monopoly bill JAKARTA (JP): Major business players in the country called on the lawmakers on Monday to practice flexibility in deliberating the anti-monopoly bill.A major producer of food items in the country, PT Indofood Sukses Makmur, said that one of the...
Tue, 24 Nov 1998
Poor residents get donation
Poor residents get donation JAKARTA (JP): A group of five health-related bodies marked the last day of a two-month social services program for needy residents in the densely populated area of Sunter Jaya subdistrict, North Jakarta Saturday.
Tue, 24 Nov 1998
Painting contest at Ciputra Mall
Painting contest at Ciputra Mall JAKARTA (JP): About 1,500 orphans are expected to take part in a painting competition on a 1,500-meter canvas at Ciputra Hotel and Mall in West Jakarta on Dec. 6.Harti Hadisoemo, spokesperson of the hotel, said the competition, held jointly with Radio Sonora,...
Tue, 24 Nov 1998
MPR scuttles press freedom
MPR scuttles press freedomBy Atmakusumah This is the second of two articles on the aborted attempt by Indonesian journalists to ensure press freedom in the country. JAKARTA (JP): The 1,000-strong People's Consultative Assembly (MPR) concluded its Special Session without taking the opportunity to...
Tue, 24 Nov 1998
Two nabbed for selling marijuana
Two nabbed for selling marijuana JAKARTA (JP): Police have arrested two men for storing and selling 4.5 kilograms of dried marijuana worth Rp 6.7 million (US$931), a police official said on Saturday.Head of the narcotics department of the City Police Lt. Col. Abdullah H.S.
Tue, 24 Nov 1998
Probing Soeharto's wealth
Probing Soeharto's wealth At last President B.J. Habibie is meeting the public's demand for an investigation into former president Soeharto's wealth. A commission is to be formed for this particular purpose shortly.
Tue, 24 Nov 1998
Quality management in crisis situation
Quality management in crisis situation Instability and the rupiah's depreciation are difficulties faced by all business sectors. But for publicly listed PT Timah Tbk, these conditions have had a positive effect on its profits because 95 percent of its product is exported, while the remaining 5...
Tue, 24 Nov 1998
Malaysia's exit from INRO 'highlights cartel's failing'
Malaysia's exit from INRO 'highlights cartel's failing' KUALA LUMPUR (Dow Jones): Malaysia's decision in October to withdraw from the International Natural Rubber Organization may not have alarmed the rubber industry, but its departure has definitely thrust INRO's inability to prop up rubber prices...
Tue, 24 Nov 1998
South Sulawesi national park threatened by illegal settlers
South Sulawesi national park threatened by illegal settlersBy Zainuddin Bakulu KENDARI, Southeast Sulawesi (Antara): Forestry authorities in Southeast Sulawesi are struggling to cope with the problem of intruders encroaching into the Rawa Aopa Watumohai National Park in protest at not being...
Tue, 24 Nov 1998
New water customers offered discounts
New water customers offered discounts JAKARTA (JP): PT PAM Lyonnaise Jaya, which is in charge of tap water management in West Jakarta, is offering a 45 percent discount on connection fees to new customers.
Tue, 24 Nov 1998
'Jekyl and Hyde' North Korea at crossroads
'Jekyl and Hyde' North Korea at crossroadsBy Bill Tarrant SEOUL (Reuters): North Korea is at a crossroads, with one path leading to confrontation and another to reconciliation, officials said during U.S. President Bill Clinton's weekend visit to South Korea.
Tue, 24 Nov 1998
Shipping company taken to court over Rp 690m debt
Shipping company taken to court over Rp 690m debt JAKARTA (JP): PT Daya Radar Utama has filed a bankruptcy petition against PT Perusahaan Pelayaran Angkutan Pertambangan (PPAP) in the Jakarta Commercial Court for the latter's failure to pay a service fee of Rp 689.49 million (US$ 92,000).
Tue, 24 Nov 1998
Religious leaders asked to help rid the city of rioting
Religious leaders asked to help rid the city of rioting JAKARTA (JP): Governor Sutiyoso said on Monday that he would invite religious leaders, experts and representatives of various institutions to discuss and analyze an upward trend in the outbreak of riots in the capital to help arrive at a...
Tue, 24 Nov 1998
Victim of Semanggi incident laid to rest
Victim of Semanggi incident laid to rest SUMEDANG, West Java (JP): Attended by hundreds of his student colleagues, Engkus Kusnadi, a victim of the Black Friday clashes, was buried here at his parents' home town on Monday.