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Bank interest rates

Bank interest rates Rate ceiling for Nov.9-Nov.15* Time deposit Maximum rate Maximum rate rupiah deposit (%) U.S. dollar deposit (%)---------------------------------------------------------1-month 57 153-month 56 146-month 47 1412-month 45 1424-month 30 18 Maximum overnight rate for rupiah : 47...

Report serves as test of govt

Report serves as test of govtBy Stefanus Haryanto JAKARTA (JP): The May 1998 rioting in Jakarta,the worst unrest ever in Indonesian history, made President Habibie's government establish a joint fact-finding team which is called TGPF (Team Gabungan Pencari Fakta).

Cheap paintings on sale at bazaar

Cheap paintings on sale at bazaar JAKARTA (JP): Dozens of paintings from noted painters as well as younger artists are on sale at discounted prices in a bazaar sponsored by the Indonesian Women Painters Association between on Nov. 2 and Dec. 6.The bazaar, held at the association's office on Jl.

Indonesia, the WTO and globalization

Indonesia, the WTO and globalizationBy Huala Adolf JAKARTA (JP): Monicagate aside, one tough issue now drawing the attention of the international community is the economic crisis now gripping most East Asian countries.

Assault of VCDs, TV and crisis kills Yogyakarta movie theaters

Assault of VCDs, TV and crisis kills Yogyakarta movie theatersBy Gin Kurniawan and Sri Wahyuni YOGYAKARTA (JP): Local movie theaters are facing a critical business situation.In the past five years, the number of movie theaters here has shrunk by half -- from 16 to eight.

Robby to lead Bank Mandiri, Gani new Garuda president

Robby to lead Bank Mandiri, Gani new Garuda president JAKARTA (JP): The government installed former PT Garuda Indonesia president Robby Djohan at the helm of newly established Bank Mandiri on Friday in its effort to speed up the restructuring of the country's disordered state banks.

Lack of secure trade financing still a hindrance

Lack of secure trade financing still a hindrance JAKARTA (JP): Most export-oriented companies in the country still cannot open letters of credit (L/Cs) at the appointed local banks despite the government's guarantees, a footwear industry executive has said.

WB urged to fight corruption in Indonesia

WB urged to fight corruption in Indonesia WASHINGTON (Dow Jones): The World Bank must tighten a host of project procedures, if it is to quell the widespread corruption in Indonesia and elsewhere that is resulting in a "significant leakage" of World Bank funds, according to an internal Bank memo.

Move to better phone services

Move to better phone services JAKARTA (JP): Data inventory for telephone bills of customers in East Jakarta, which was formerly combined in one system with those in Bekasi, will be separated in a bid to improve services.La Ode M.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 6, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,400.00 8,550.00 8,400.00 8,650.00Austrian schilling 1 680.20 750.20 - -Australian dollar 1 5,162.20 5,422.20 5,175.00 5,525.00Belgian franc 1 240.60 265.

Rp 40,000 robbery leaves two hurt

Rp 40,000 robbery leaves two hurt JAKARTA (JP): An armed gang broke into a house on Jl. SMU in Cipayung, East Jakarta, early on Friday morning and made off with Rp 40,000 (about US$5) after wounding the house owner and his daughter.

RI slaps antidumping duty on antibiotics from India

RI slaps antidumping duty on antibiotics from India JAKARTA (JP): Indonesia's Antidumping Committee (KADI) has followed up a complaint by a local firm by imposing temporary countervailing duties of 14 percent on imports of two commonly prescribed antibiotics from India.

Gus Dur, Megawati endorse anti-discrimination drive

Gus Dur, Megawati endorse anti-discrimination drive JAKARTA (JP): Moslem leader Abdurrahman Wahid said on Friday that religion, love and nationalism were capable of dividing people if they were practiced without humanity.

Daan Mogot families ask Rp 21b in compensation

Daan Mogot families ask Rp 21b in compensation JAKARTA (JP): At least 30 people visited City Hall on Friday, strongly demanding immediate compensation worth Rp 21 billion for the land occupied by the administration for Jl. Daan Mogot in West Jakarta.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Etching Exhibition, by Rembrandt, from the collection of Boijmans Van Beuningen, Rotterdam, at Erasmus Huis, Jl. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5252321), 8 a.m. to 5 p.m., until Dec. 6.

Hotel Mulia seeks reduced penalty

Hotel Mulia seeks reduced penalty JAKARTA (JP): The management of the five-star Hotel Mulia has asked the city administration for a 75 percent reduction in the Rp 20.5 billion penalty imposed on it for violating building height restrictions, Governor Sutiyoso has said.

Officials gather for economic discussions

Officials gather for economic discussions KUALA LUMPUR (AFP): Asia-Pacific finance officials will meet here over the weekend to discuss a regional surveillance mechanism aimed at warding off potential future crises, and the burning issue of capital controls.

Keeping the peace

Keeping the peace With the crucial Special Session of the People's Consultative Assembly (MPR) only three days away and, above all, with the memory of the worst riots in decades still fresh in our minds, it is only fair to say that it is natural for the authorities to be in no mood to risk ruining...

New archery boss wants to promote family approach

New archery boss wants to promote family approach JAKARTA (JP): The newly appointed chairman of the Indonesian Archery Association, Hayono Isman, said he would promote a "family approach" to the athletes in a bid to help them improve their results.

Regional currencies hold steady

Regional currencies hold steady SINGAPORE (Dow Jones): Southeast Asian currencies scarcely budged during Asian trading hours on Friday, and most analysts and traders expect little to change over the coming week, predicting that regional markets will remain largely static.

Manila opposing kidnap dealings

Manila opposing kidnap dealings MANILA (Reuters): The superiors of kidnapped Italian priest Luciano Benedetti should stop dealing with self-appointed negotiators, a top Philippine law enforcement official said on Friday.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: Thunder Cats 3:05 Flora Program: Pesona Flora 3:30 Science Film: Invention 4:00 Regional News 4:30 Sports 5:30 TV Series: Big Brother Jake 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports News 6:30 TVRI News (in...

Kemayoran project would displace 1,700 families

Kemayoran project would displace 1,700 families JAKARTA (JP): Some 1,700 families living on the site of the planned Kemayoran township in Central Jakarta are to be moved as work on the once-adjourned multibillion rupiah project is to start soon.

Djody sclarifies his stance on Kostrad meeting

Djody sclarifies his stance on Kostrad meeting JAKARTA (JP): Businessman Setiawan Djody on Friday stepped into the furor over a meeting he attended at the Army's Strategic Reserve Command (Kostrad) on May 14 during the height of the bloody riots in the capital.

Students want Soeharto tried

Students want Soeharto tried JAKARTA (JP): Thousands of students here and in several other cities staged peaceful rallies on Friday to demand the upcoming Special Session of the People's Consultative Assembly (MPR) arrange for the prosecution of Soeharto, expel the military from politics and...

Govt removes 10 percent VAT on feed meal imports

Govt removes 10 percent VAT on feed meal imports JAKARTA (JP): The government has removed the 10 percent value- added tax (VAT) on imports of animal and poultry feed meal and its raw materials, the finance ministry announced on Thursday.

Martial artist dies following bout

Martial artist dies following bout JAKARTA (JP): A North Sulawesi pencaksilat martial artist died of a brain hemorrhage after sustaining a head injury in his semifinal bout at the National Student Games in Balikpapan, East Kalimantan.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov.6, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 350 125 118,000 AHAP Insurance 400 0 0 Alter Abadi 250 -25 70,000 Alumindo Light Metal 275 25 25,000 Alumindo...

Live TV shows

Live TV shows JAKARTA (JP): The following are sports competitions to be broadcast live this weekend on local TVs (all times in West Indonesia Time):Saturday:English soccer league: Aston Villa v Tottenham Hotspur SCTV at 10 p.m.Sunday:Italian soccer league: Udinese v Juventus RCTI at 8:30 p.m.

Taxis count cost of lost business from robberies

Taxis count cost of lost business from robberies JAKARTA (JP): The escalating number of taxi robberies in the capital over the past few weeks has drastically affected the income of many taxi drivers.Interviewed by The Jakarta Post on Friday, Robertus Silalahi, Lipan, Rianto Widodo, Dikun,...

A show of wanting sincerity

A show of wanting sincerity Extraordinary. This is the expression that best describes both the findings of the TGPF (Joint Fact Finding Team on the May riots) and the reaction from high-ranking cabinet officials to the team's report.

Pelindo privatization into effect next year

Pelindo privatization into effect next year JAKARTA (JP): The government will likely open the tender for the sales of its stake in state sea port operator PT Pelabuhan Indonesia (Pelindo) II to strategic investors early next year, a corporate executive has said.

Police foil holdup, robber shot dead

Police foil holdup, robber shot dead JAKARTA (JP): Police shot dead a repeat offender on Wednesday as he attempted to rob a private employee of Rp 75 million (US$8,330) outside a money changer on Jl. Gunung Sahari, Central Jakarta.City police detectives chief Col.

RP slams China 'build up' in Spratlys

RP slams China 'build up' in Spratlys MANILA (Reuters): The Philippines on Thursday accused China of beefing up its position on a reef in the disputed Spratly Islands by sending armed military and cargo ships to the area and called Beijing's action a "security threat.

Freeport chief denies corruption charges

Freeport chief denies corruption charges JAKARTA (JP): The chief executive officer of U.S Freeport McMoRan Copper and Gold. Inc., James Moffett, denied Thursday allegations of corruption in PT Freeport's Indonesia operation, including charges against a senior economic minister.

Soehartos' land found in Yogykarta

Soehartos' land found in Yogykarta YOGYAKARTA: The head of the Yogyakarta High Prosecutor's Office Suparman said his office had tracked down 150 hectares of land belonging to former president Soeharto's children and his friends.

Badminton official looks ahead to Sydney Olympics

Badminton official looks ahead to Sydney Olympics JAKARTA (JP): Indonesian badminton players bound for the upcoming Asian Games look set to form the backbone of the national team for the 2000 Olympic Games in Sydney, an official said on Thursday.

Students hold anti-MPR session protest warmup

Students hold anti-MPR session protest warmup JAKARTA (JP): At least 500 students staged a rally on Thursday at the Hotel Indonesia traffic circle in Central Jakarta, calling it a rehearsal for a massive demonstration to be held on Monday ahead of the Nov. 10 to Nov.

Prayers, demos prior to session

Prayers, demos prior to session JAKARTA (JP): Even as preparations for the Special Session of the People's Consultative Assembly (MPR) shifted into high gear, groups of proponents and opponents staged "trial" demonstrations on Thursday ahead of the Nov. 10-13 session.

Sovereign defaults continue to decline in 1998: S&P

Sovereign defaults continue to decline in 1998: S&P JAKARTA (JP): Despite financial stress in Asia and its fallout on emerging markets, debt defaults by sovereign governments would continue to decline this year, according to the international rating agency Standard & Poor's.

Petroz says deal expected on Timor 'liquids' project in '99

Petroz says deal expected on Timor 'liquids' project in '99 BRISBANE, Australia (Bloomberg): Petroz NL said the partners in the Bayu-Undan gas field in the Timor Sea probably will decide by the end of March to go ahead with a US$1.4 billion "liquids" extraction project.

Bio on author Soeman launched

Bio on author Soeman launched PEKANBARU, Riau: The biography of Soeman Hs, who pioneered detective novels in Indonesian literature with his Mencari Pencuri Anak Perawan (In Search of a Virgin Stealer), was launched here Thursday.

Exim handles forestry funds

Exim handles forestry funds JAKARTA (JP): The ministry of forestry and plantations has appointed state Bank Ekspor Impor Indonesia (Bank Exim) to handle the payments of the reforestation funds, the ministry's secretary general Oetomo said on Thursday.

SE Asian currencies' rally appears to run out of steam

SE Asian currencies' rally appears to run out of steam SINGAPORE (Dow Jones): The rally which over recent sessions has propelled Southeast Asian currencies to fresh long term highs against the U.S. dollar appeared to run out of steam during Asian trading hours on Thursday.

STDs rife among Tangerang prostitutes

STDs rife among Tangerang prostitutes JAKARTA (JP): Womanizers beware! Most prostitutes operating in Tangerang mayoralty are believed to have sexually transmitted diseases, an official said.Mayoralty spokesman Harry Mulya Zein said on Tuesday that medical checkups on 41 prostitutes who were rounded...

Response to TGPF report vital to recover confidence

Response to TGPF report vital to recover confidence JAKARTA (JP): Human rights activists and the international community are warning that the government's response to a joint fact-finding team's report on the May riots will make or break its quest to restore confidence.

China's Asiad athletes face doping tests

China's Asiad athletes face doping tests BEIJING (Agencies): China plans to subject athletes to unscheduled doping tests before they compete at the next month's Asian Games in Bangkok, sports officials said Thursday.

TV Program: Friday, Nov. 6, 1998

TV Program: Friday, Nov. 6, 1998TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Sports Program 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Documentary:...

Industry survey shows grave impact of crisis

Industry survey shows grave impact of crisis JAKARTA (JP): More than one-third of companies operating in the electronics, machinery, chemical and metal-based industries have temporarily closed their operations as a result of the country's worst ever economic crisis, a survey has revealed.

Thais lead 1st round of Putra Cup

Thais lead 1st round of Putra Cup MANILA (AP): Tongchai Jaidee and Songphan Puakkprapong each scored 1-under-par 71s to put Thailand into an early lead in the first round of the 38th Putra Cup.Thailand, the defending champion, led with 214 and was eight strokes ahead of second place Malaysia with...